text stringlengths 65 123k | url stringlengths 25 420 | crawl_date timestamp[us, tz=UTC]date 2022-04-01 01:00:57 2022-09-19 04:34:04 |
|---|---|---|
The Detroit area HVAC company will celebrate by treating employees and customers to special events and deals
DETROIT, Aug. 17, 2022 /PRNewswire/ -- C & C Heating & Air Conditioning, a leading Detroit-area heating and cooling company with more than six decades of experience, will spend August celebrating 74 years of dedicated residential service to the Detroit community with a party for employees and savings for customers.
"When my grandfather started C & C in 1948, his goal was to offer the best heating and cooling service to the community, and we're proud to still offer these services today," said Dayna Hottle, general manager of C & C Heating and Air Conditioning. "We're dedicated to remaining a family-owned and operated heating and cooling business that offers well-paid employment, top-notch services and community aid to the Detroit area and hope to be around for another 74 more years."
Hottle said the company will celebrate by taking employees out on a yacht for a companywide party and will offer its customers a $74 furnace or air conditioning tune-up.
Hottle's grandfather started C & C on Aug. 10, 1948, and the company quickly became a family affair as his children and grandchildren learned the trade, answered phones and addressed mailers. After her grandfather's death in 1977, Hottle's parents and uncle took on the role of running the company, keeping the business in the family for the next generation.
In 2016, Hottle's uncle passed away, but the family rallied to take on the roles he had managed. Hottle also stepped up to new roles over time. She received an economics degree from Albion College and started work as the company's operations manager in 2005. Since January, Hottle has taken on the role of general manager and vows to keep the company family-owned and operated for the foreseeable future.
"We are known for our quality work and exceptional customer service," she said. "We also have the best customers in the world. These are the reasons we have been able to sustain our business for this many years in the increasingly competitive home service business."
About C & C Heating & Air Conditioning
C & C Heating & Air Conditioning is a Detroit-area heating and cooling company with more than six decades of expertise installing and servicing all makes and models of heating and cooling equipment. Their technicians are highly trained and qualified and undergo annual background checks, random drug testing, extensive technical and customer service training and are North American Technician Excellence (NATE) certified. Services include HVAC maintenance and repair, duct cleaning, whole-home air filtration systems, indoor air quality systems and comprehensive maintenance agreements. For more information, call C & C Heating & Air Conditioning at (586) 439-3319 or visit their website at https://candcheat.com/
MEDIA CONTACT:
Heather Ripley
Ripley PR
865-977-1973
hripley@ripleypr.com
View original content to download multimedia:
SOURCE C & C Heating & Air Conditioning | https://www.whsv.com/prnewswire/2022/08/17/c-amp-c-heating-amp-air-conditioning-celebrates-74-years-home-service-industry/ | 2022-08-17T12:08:06Z |
Highlights
- Second significant discovery from newly acquired regional properties – Reid and Deloro.
- Assay results at Deloro confirmed expected grades over entire core length of 487 metres of 0.25% nickel including 91 metres of 0.28% nickel.
- Mineralization successfully defined over 1.1 kilometres of strike length by 100 – 400 metres wide to a depth of 420 metres.
TORONTO, Aug. 17, 2022 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today announced assay results at its Deloro property, which confirm the second significant discovery from the Company's newly acquired properties.
Mark Selby, Chair and Chief Executive Officer said, "We are very pleased with the results from Deloro where we successfully delineated our target mineralization and grades throughout the intended geophysical target. Deloro now joins Reid as another significant, sizeable nickel discovery and we look forward to continued success as we continue exploration around our regional properties, developing what we believe has the potential to be one of the world's leading nickel districts. We will provide further updates on drilling and our regional plans in September."
Drilling was highlighted by hole DEL22-01 which intersected 487 metres of 0.25% nickel with a higher-grade section near the bottom of the hole intersecting 0.28% nickel over 91 metres and hole DEL 22-09 which intersected 393 metres of 0.26% nickel. Complete assays from 5 of the 11 holes are available for release (see Table 1).
The Deloro property is located 9 kilometres southeast of Timmins and contains an ultramafic target that measures 1.4 kilometres north-south by 450 metres east-west based on the total magnetic intensity (TMI) (see Figure 1). Ultramafic lithologies and nickel mineralization has been found throughout the target anomaly.
Hole DEL22-01 collared in dunite on the northern half of the target and was drilled to the southwest. The hole remained largely in dunite for a total length of 487 metres grading 0.25% nickel, with a higher-grade section near the bottom of the hole intersecting 0.28% nickel over 91 metres.
DEL22-09 collared in dunite and the hole intersected 393 metres of 0.26% nickel, including 51 metres of 0.28% nickel. The hole finished in peridotite.
DEL22-06 collared in peridotite and transitioned in composition from dunite to peridotite and intersected a total of 227 metres of mineralization – 74 metres grading 0.20% nickel starting at 54 metres and 141 metres grading 0.21% nickel starting at 140 metres including a 12-metre core length of 0.33% nickel and 0.15 g/t Pt+Pd from 248 to 260 metres. This higher-grade Pt+Pd in dunite has similar characteristics to the high-grade core in Crawford's East Zone.
DEL22-07 collared in dunite, on section with DEL22-01, 100 metres to the west. DEL22-10 collared in dunite and remained in dunite for the majority of the hole except for minor pyroxenite and mafic dykes. The hole intersected 79 metres of 0.25% nickel 124 metres downhole, and 87 metres of 0.25% nickel at 235 metres, before intersecting intermediate volcanics at the contact.
Edwin Escarraga, MSc, P.Geo., a "qualified person" as defined by National Instrument 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the core logging facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secure bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby or SGS Callao (Peru). All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold, platinum and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and 17 other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are inserted at a rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis.
Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a "qualified person" as is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.
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.
For further information, please contact:
Mark Selby
Chair and CEO
Phone: 647-256-1954
Email: info@canadanickel.com
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the potential of the Crawford Nickel Sulphide Project and the Properties, timing of economic studies and mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development results, and corporate and technical objectives. Forward-looking information is necessarily based upon several 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 because of new information, future events or otherwise, except as required by law.
View original content to download multimedia:
SOURCE Canada Nickel Company Inc. | https://www.whsv.com/prnewswire/2022/08/17/canada-nickel-company-announces-assay-results-confirms-discovery-deloro-property/ | 2022-08-17T12:08:09Z |
SMITHS FALLS, ON, Aug. 17, 2022 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or "the Company") (TSX: WEED) (NASDAQ: CGC), announced today that the Company will hold its 2022 Annual General and Special Meeting in a virtual format. The meeting will begin at 1:00 PM ET on September 15, 2022 and will be conducted by live audio webcast at www.virtualshareholdermeeting.com/WEED2022.
Shareholders of record as of the close of business on July 22, 2022 and shareholders holding a legal proxy for the meeting, are eligible to vote at the meeting. Shareholders will find important information and detailed instructions about how to participate in our virtual meeting in the proxy statement that is available at https://www.canopygrowth.com/investors/investor-events/annual-general-and-special-meeting-2022/.
Shareholders who are eligible to vote have been mailed a notice of internet availability in accordance with securities regulations which will provide instructions on how to access proxy materials and vote their shares. Shareholders are encouraged to vote and submit proxies as early as possible in advance of the meeting by one of the methods described in the proxy statement.
Canopy Growth (TSX:WEED, NASDAQ:CGC) is a world-leading diversified cannabis and cannabinoid-based consumer product company, driven by a passion to improve lives, end prohibition, and strengthen communities by unleashing the full potential of cannabis. Leveraging consumer insights and innovation, we offer product varieties in high-quality dried flower, oil, softgel capsule, infused beverage, edible, and topical formats, as well as vaporizer devices by Canopy Growth and industry-leader Storz & Bickel. Our global medical brand, Spectrum Therapeutics, sells a range of full-spectrum products using its colour-coded classification system and is a market leader in both Canada and Germany. Through our award-winning Tweed and Tokyo Smoke banners, we reach our adult-use consumers and have built a loyal following by focusing on top quality products and meaningful customer relationships. Canopy Growth has entered into the health and wellness consumer space in key markets including Canada, the United States, and Europe through BioSteel sports nutrition, and This Works skin and sleep solutions; and has introduced additional hemp-derived CBD products to the United States through our First & Free and Martha Stewart CBD brands. Canopy Growth has an established partnership with Fortune 500 alcohol leader Constellation Brands. For more information, visit www.canopygrowth.com.
View original content to download multimedia:
SOURCE Canopy Growth Corporation | https://www.whsv.com/prnewswire/2022/08/17/canopy-growth-hold-virtual-annual-general-amp-special-meeting-shareholders/ | 2022-08-17T12:08:15Z |
FORT MYERS, Fla., Aug. 17, 2022 /PRNewswire/ -- Women's specialty retailer Chico's FAS, Inc. (NYSE: CHS) (the "Company") will host a conference call with security analysts on Wednesday, August 31, 2022 beginning at 8:00 a.m. ET to review the operating results for the second quarter ended July 30, 2022.
The conference call is being webcast live over the Internet, which you may access in the Investors section of the Company's corporate website, www.chicosfas.com. A replay of the webcast will remain available online for one year at http://chicosfas.com/investors/events-and-presentations.
The phone number for the call is 1-877-883-0383. International callers should use 1-412-902-6506. The Elite Entry number, 0443821, is required to join the conference call. Interested participants should call 10-15 minutes prior to the 8:00 a.m. start to be placed in queue.
ABOUT CHICO'S FAS, INC.
Chico's FAS is a Florida-based fashion company founded in 1983 on Sanibel Island, Fla. The Company reinvented the fashion retail experience by creating fashion communities anchored by service, which put the customer at the center of everything we do. As one of the leading fashion retailers in North America, Chico's FAS is a company of three unique brands - Chico's®, White House Black Market® and Soma® - each thriving in their own white space, founded by women, led by women, providing solutions that millions of women say give them confidence and joy.
Our Company has a passion for fashion, and each day, we provide clothing, shoes and accessories, intimate apparel and expert styling in our brick-and-mortar boutiques, digital online boutiques and through StyleConnect®, the Company's customized, branded, digital styling tool that enables customers to conveniently shop wherever, whenever and however they prefer.
As of July 30, 2022, the Company operated 1,258 stores in the U.S. and sold merchandise through 58 international franchise locations in Mexico and 2 domestic franchise airport locations. The Company's merchandise is also available at www.chicos.com, www.chicosofftherack.com, www.whbm.com and www.soma.com.
To learn more about Chico's FAS, please visit our corporate website at www.chicosfas.com. The information on our corporate website is not, and shall not be deemed to be, a part of this press release or incorporated into our federal securities law filings.
Investor Relations Contact:
Tom Filandro
ICR, Inc.
(646) 277–1235
tom.filandro@icrinc.com
Chico's FAS, Inc. • 11215 Metro Parkway • Fort Myers, Florida 33966 • (239) 277-6200
View original content to download multimedia:
SOURCE Chico's FAS, Inc. | https://www.whsv.com/prnewswire/2022/08/17/chicos-fas-inc-announces-second-quarter-sales-earnings-conference-call/ | 2022-08-17T12:08:21Z |
Award valued at $4.4M will advance the company's dengue vaccine candidate, CodaVax-DENV, to clinical evaluation
FARMINGDALE, N.Y., Aug. 17, 2022 /PRNewswire/ -- Codagenix Inc., a clinical-stage synthetic biology company with a rational virus design platform for viral vaccines and immuno-oncology therapeutics, today announced the Department of Defense has granted the company a $4.4 million award to progress development of CodaVax-DENV, its next-generation tetravalent dengue vaccine candidate.
The three-year award, established through the Joint Warfighter Medical Research Program (JWMRP), will fund manufacturing and Investigational New Drug (IND)-enabling preclinical studies in preparation of submission of an IND application and a Phase 1 clinical trial.
Dengue is a mosquito-borne viral infection with over 2.4 billion people living in dengue-endemic areas worldwide. Additionally, dengue is a significant health concern for both military deployment in these endemic areas as well as for travelers. There are no specific therapies or vaccines licensed for adults. The virus is a leading cause of serious illness in several Latin American and Asian countries, with Asian countries bearing roughly 70% of the global infection burden. Dengue vaccine development has been particularly challenging as the virus has four antigenically different serotypes and incomplete protection from vaccine candidates or prior immunity may paradoxically result in enhanced disease; thus, a safe and effective dengue vaccine must provide balanced immunity against all four serotypes at the same time. This balance requirement is where the Codagenix proprietary platform for vaccine design may provide a solution to this global health problem. The Codagenix algorithm is capable of rational design of viral genomes, enabling the balancing of the four-serotypes in a tetravalent formulation without the use of a backbone virus.
"We are proud to have been selected by the Department of Defense for this award. The funding allows us to advance CodaVax-DENV towards the clinic and assess its potential as a safe and effective option for protecting our troops and high-risk populations across the globe," said J. Robert Coleman, Ph.D., Co-Founder and Chief Executive Officer of Codagenix. "With our differentiated codon deoptimization approach to vaccine design, we are well positioned to address the traditional hurdles of dengue vaccine development, and we look forward to helping to make widespread protection against this pervasive disease a reality."
In addition to the need for balance, the competing approaches to dengue vaccine development have largely based candidates on historical strains of the virus. Codagenix's vaccine design platform has enabled precise and rational attenuation of contemporary serotypes of all four strains of dengue virus through selective codon deoptimization. With this approach, Codagenix can rationally balance all four virus serotypes to produce a safe and highly immunogenic vaccine.
The U.S. Army Medical Research Acquisition Activity, 820 Chandler Street, Fort Detrick MD 21702-5014, is the awarding and administering acquisition office. This work was supported by the Office of the Assistant Secretary of Defense for Health Affairs, through the Joint Warfighter Medical Research Program, in the amount of $4,443,543.88, under Award No. W81XWH2220026. Opinions, interpretations, conclusions and recommendations are those of the author and are not necessarily endorsed by the Department of Defense. In conducting research using animals, the investigator(s) adheres to the laws of the United States and regulations of the Department of Agriculture. In the conduct of research utilizing recombinant DNA, the investigator adhered to NIH Guidelines for research involving recombinant DNA molecules. In the conduct of research involving hazardous organisms or toxins, the investigator adhered to the CDC-NIH Guide for Biosafety in Microbiological and Biomedical Laboratories.
About Codagenix, Inc.
Codagenix is a clinical-stage biotechnology company leading a new era of live vaccines and viral therapeutics. The company's breakthrough platform brings together live-attenuated virus design with cutting-edge codon deoptimization for powerful synthetic biology-based solutions to take on our biggest threats in infectious disease, cancer and animal health. Codagenix was founded based on technology developed in the laboratory of National Academy of Science member Dr. Eckard Wimmer at Stony Brook University, and is supported by Adjuvant Capital, TopSpin Partners, and Euclidean Capital, and has ongoing research and license programs with various federal agencies. For more information, visit codagenix.com.
View original content to download multimedia:
SOURCE Codagenix, Inc. | https://www.whsv.com/prnewswire/2022/08/17/codagenix-announces-award-with-us-department-defense-development-balanced-tetravalent-dengue-vaccine/ | 2022-08-17T12:08:29Z |
GOTHENBURG, Sweden, Aug. 17, 2022 /PRNewswire/ --
Positive result and stronger market outlook
- Total income
Q2: SEK 180.8 (208.4) million
HY1: SEK 304.9 (388.0) million
- EBITDA
Q2: SEK 102.7 (-16.7) million
HY1: SEK 132.4 (-62.4) million
- Result before tax
Q2: SEK 36.5 (-88.4) million
HY1: SEK 6.0 (-208.6) million
- Result per share after tax
Q2: SEK 0.75 (-1.88)
HY1: SEK 0.11 (-4.42)
Events in the second quarter
- Sale of Suezmax tanker Stena Supreme. The sale had a positive liquidity effect of approximately USD 4 million.
- Strong market. Result affected by profit-sharing of USD 1.9 million for HY1, enabling accelerated loan repayments.
Events after the end of the quarter
- Agreement signed for sale of P-MAX tanker Stena Paris. The sale is expected to enable accelerated loan repayments of approximately USD 5 million.
Key figures Jan-Jun 2022
- Total income, SEK million: 304.9 (388.0)
- EBITDA, SEK million: 132.4 (-62.4)
- EBITDA, USD million: 13.8 (-7.4)
- Operating result, SEK million: 46.5 (-176.1)
- Result before tax, SEK million: 6.0 (-208.6)
- Result after tax, SEK million: 5.2 (-211.1)
- Equity ratio, %: 20 (24)
- Return on equity, %: neg (neg)
- Available liquid funds, including unutilised credit facilities, SEK million: 88.9 (139.5)
- Result per share after tax, SEK: 0.11 (-4.42)
- Equity per share, SEK: 7.18 (14.67)
- Lost-time injuries: 0 (2)
This information is information that Concordia Maritime Aktiebolag (publ) is obliged to publish in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was provided by the contact person below for publication on 17 August 2022 at 13.00 CEST.
For more information, please contact:
Erik Lewenhaupt
CEO, Concordia Maritime AB
Mob: +46 704 855 188
E-post: erik.lewenhaupt@concordiamaritime.com
Martin Nerfeldt
CFO, Concordia Maritime AB
Tel: +45 88 938 661
Mob: +46 704 85 50 07
E-post: martin.nerfeldt@concordiamaritime.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
View original content:
SOURCE Concordia Maritime | https://www.whsv.com/prnewswire/2022/08/17/concordia-maritime-interim-report-1-january-30-june-2022/ | 2022-08-17T12:08:36Z |
DALLAS, Aug. 17, 2022 /PRNewswire/ -- Dave's Gourmet LLC ("Dave's Gourmet"), a company focused on innovation in the food industry with thirty years as a legacy brand, partnered with a young entrepreneur to help her bring her vision to the market. Chef Pii, the creator of The Pink Sauce™ and a popular social media/TikTok influencer with over 230,000 followers across platforms, attempted to launch her creation to a wanting public, selling out of her initial stock in just days. However, her lack of commercial food production knowledge led to significant obstacles, and she had to pause the production leaving throngs of customers waiting for their product with no immediate solution to satisfy the overwhelming demand for this unique product.
Dave's Gourmet discovered this controversy soon after it started going viral on various social media platforms and decided to help. After multiple meetings with Dave's Gourmet team, Chef Pii was excited to enter into an exclusive partnership whereby Dave's Gourmet assumed responsibility for producing The Pink Sauce™ on a commercial scale under the required food manufacturing guidelines as well as selling the product to the foodservice, retail and e-commerce channels in the US and internationally. Chef Pii will continue driving the social media aspects of the business and will participate in all the major steps of commercial production of The Pink Sauce™.
"In less than a week, we nailed it!" said Dave's Gourmet's President David Neuman. "Our R&D team was able to re-formulate the sauce to match Chef Pii's exact color and flavor profile for the product and at the same time change some of the ingredients to make the sauce less complicated, dairy-free, and clean of any preservatives, artificial colors or flavors. The public will end up receiving a shelf-stable version of the sensational sauce than Chef Pii envisioned in her Miami kitchen."
Since June of this year The Pink Sauce™ and Chef Pii have been featured in many prominent media sources, including Forbes, Fortune, Newsweek, Entrepreneur, USA Today, Fast Company, Rolling Stone, NY Post, The Guardian, Washington Post, People Magazine, NBC News and many others. Chef Pii's social media accounts have amassed over 154 million video views on TikTok, nearly 2 million video views on Instagram, and over a half a billion people have used the #pinksauce on TikTok. The web site https://thepinksauce.com/, has a simple "Stay Notified" opt-in function and in the first week had thousands of submissions.
"This product is not only a social media phenomenon but actually enhances the food it is used with as a condiment," said Jade Steger, Marketing Director for Dave's Gourmet. "People are intrigued by its bright pink color and unique taste. It can be paired with pretty much any savory food, creating a playful visual appeal and enhancing the flavor of the dish. This product resonates with the Millennials and Gen Xers who both adore Chef Pii's vibrant personality and are curious about the delicious and playful condiment that she created."
Given Dave's Gourmet's long history in the pasta and hot sauce markets, the Company's involvement with Chef Pii has given The Pink Sauce™ immediate credibility as a viable and safe food product and in the first week of working on this project Dave's Gourmet has been contacted by national restaurant chains who want this unique sauce in their stores as soon as possible and is in talks with a few major retail chains about selling The Pink Sauce™ through the retail channel. "Production is planned for this fall," said Neuman, "We are working 24/7 to make it happen."
"It's our pleasure to reach out to a talented foodie who has not had any experience with commercial production of sauces, and, with our expertise and resources, help bring her Pink Sauce™ to the market. We encourage other food companies to do the same. The youth of today have their fingers on the pulse of what their contemporaries want but may not have the knowledge, ability or capital to bring a product idea to market quickly, safely and on a large scale," Neuman concluded. "Look for the jaw-dropping Pink Sauce™ on various e-commerce platforms, in restaurants, and on major food retailers' shelves soon. We are excited and striving to make The Pink Sauce™ a household name!"
Founded in 1993, Dave's Gourmet is a pioneer in the super-hot segment of the hot sauce category, and its portfolio of offerings includes the iconic Dave's Insanity Sauce, which at the time of its creation held the title of the "hottest hot sauce in the universe," as well as Ghost Pepper Hot Sauce, Scorpion Sauce, Carolina Reaper Sauce and many others. In addition, the Company recently launched a line of premium creamy hot sauces with a medium heat level, incredible savory flavor and unique mouthfeel achieved through high-speed whipping of the ingredients. The line currently consists of four flavors: Creamy Habanero, Garlic Red Pepper, Roasted Jalapeno and Ginger Citrus, and these sauces are vegan, gluten free, low-sodium and bottled in the USA. The wide selection of Dave's Gourmet's hot sauces caters to any heat level desired by customers without compromising bold and versatile flavors of its products.
The Company is also a leader in the premium pasta sauce segment with award-winning offerings including Organic Hearty Marinara, Organic Red Heirloom, Butternut Squash, Wild Mushroom, Aged White Cheddar Alfredo and other pasta sauces. Dave's Gourmet serves both retail and foodservice customers in the US and internationally and also sells its products through the e-commerce channels. For more information, please, visit www.davesgourmet.com.
View original content to download multimedia:
SOURCE Dave's Gourmet LLC | https://www.whsv.com/prnewswire/2022/08/17/daves-gourmet-partners-with-social-media-influencer-chef-pii-launch-pink-sauce/ | 2022-08-17T12:08:42Z |
COLUMBUS, Ohio, Aug. 17, 2022 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI), one of North America's largest designers, producers and retailers of footwear and accessories, announced the Company will issue its second quarter 2022 earnings on August 31, 2022. Management will host a conference call to discuss the results at 8:30 am E.T. A press release detailing the Company's results will be issued prior to the call.
Investors and analysts interested in participating in the call are invited to dial 888-317-6003, or the international dial in, 412-317-6061, and reference conference ID number 0992621 approximately ten minutes prior to the start of the call. The conference call will be broadcast live over the internet and can be accessed through the following link: DBI 2Q22 Earnings Webcast
For those unable to listen to the live webcast, an archived version will be available at the same location until September 14, 2022. A replay of the teleconference will be available by dialing the following numbers:
Replay:
US callers: 1-877-344-7529
Canadian callers: 1-855-669-9658
International callers: 1-412-317-0088
Passcode: 8228598
About Designer Brands
Designer Brands is one of the world's largest designers, producers and retailers of the most recognizable footwear brands and accessories, transforming and defining the footwear industry by inspiring self-expression across every facet of its enterprise. Through its portfolio of world-class owned brands, led by the industry-setting Vince Camuto brand, Designer Brands delivers on-trend footwear and accessories through its robust direct-to-consumer omni-channel infrastructure, featuring a billion-dollar digital commerce business and nearly 650 stores across the U.S. and Canada. Its retailing operations under the DSW Designer Shoe Warehouse and The Shoe Company banners deliver current, in-line footwear and accessories from most of the largest national brands in the industry and hold leading market share positions in key product categories across Women's, Men's and Kid's in the U.S. and Canada. Designer Brands also distributes its owned brands through select wholesale relationships while leveraging its design and sourcing expertise to build private label product for national retailers. Designer Brands is also committed to being a difference maker in the world, taking steps forward to advance diversity, equity, and inclusion in the footwear industry and supporting our global community and the health of our planet through donating more than six million pairs of shoes to the global non-profit Soles4Souls. More information can be found at www.designerbrands.com.
SOURCE Designer Brands Inc.
For further information: Stacy Turnof, DesignerBrandsIR@edelman.com
View original content:
SOURCE Designer Brands Inc. | https://www.whsv.com/prnewswire/2022/08/17/designer-brands-inc-announces-second-quarter-2022-earnings-release-date/ | 2022-08-17T12:08:49Z |
Investment to expand the company's cloud-native networking portfolio and global operations, changing the way networks are built, operated, and consumed
RA'ANANA, Israel, Aug. 17, 2022 /PRNewswire/ -- DriveNets, a leader in cloud-native networking solutions, today announced it has secured $262 million in a Series C venture capital funding round, considerably increasing the company's valuation over its January 2021 Series B round. The funding from this latest round of investment will be used to develop future technology solutions, pursue new business opportunities, and expand the company's global operations and support teams to support growing customer demand.
The round was led by D2 Investments with the participation of DriveNets' current investors, including Bessemer Venture Partners, Pitango, D1 Capital, Atreides Management, and Harel Insurance Investments & Financial Services.
"DriveNets' approach of building networks like cloud allows telecom providers to take advantage of technological efficiencies available to cloud hyperscalers, such as cloud-native software design and optimal utilization of shared resources across multiple services," said Ido Susan, DriveNets founder and CEO. "This latest round of investment demonstrates our investors' and customers' confidence in us and will enable us to expand the value and global operational support we offer them."
"DriveNets has demonstrated its ability to move the networking industry forward and has gained the trust of tier-1 operators," said Adam Fisher, Partner at Bessemer Venture Partners. "While other solution providers are facing challenging headwinds, DriveNets continues to innovate and execute on its vision to change the future of the networking market."
"DriveNets has already made a big impact in the high-scale networking industry, and its routing solutions are adopted by tier-1 operators for their quality and the innovation they enable," said Aaron Mankovski, Managing Partner at Pitango. "This investment will allow DriveNets to expand its footprint in the market and develop additional offerings."
Strong company performance supports investor confidence
Since its last funding round in 2021, DriveNets has gained significant market traction.
- Growing network traffic running on the DriveNets' Network Cloud solution by 1,000 percent
- Engaging with nearly 100 customers and doubled bookings year over year
- Establishing key strategic partnerships to speed up the deployment of next-generation networks worldwide, including agreements with Itochu Techno-Solutions Corporation (CTC), EPS Global, Wipro Limited, and KGPCo.
- Growing its overall employee base by 30 percent, significantly expanding its operations and deployment teams, and its global reach.
DriveNets also recently announced the addition of three cloud and networking industry veterans to its leadership team.
Learn more about DriveNets here.
About DriveNets
DriveNets is a leader in cloud-native networking software and network disaggregation solutions. Founded in 2015 and based in Israel, DriveNets offers communications service providers (CSPs) and cloud providers a radical new way to build networks, substantially growing their profitability by changing their technological and economic models. DriveNets' solution – Network Cloud – adapts the architectural model of cloud to telco-grade networking. Network Cloud is a cloud-native software that runs over a shared physical infrastructure of standard white-boxes, radically simplifying the network's operations, offering telco-scale performance and elasticity at a much lower cost. Learn more at www.drivenets.com
Media contact:
Crystal Monahan
+1-617-290-2882
drivenets@guyergroup.com
Martin Perlin
+972-54-921-3547
press@drivenets.com
Logo - https://mma.prnewswire.com/media/1657406/DriveNets_Logo.jpg
View original content to download multimedia:
SOURCE Drivenets Ltd. | https://www.whsv.com/prnewswire/2022/08/17/drivenets-secures-262-million-series-c-funding-continue-disrupting-telecommunications-cloud-infrastructure-industry/ | 2022-08-17T12:08:55Z |
PETACH TIKVA, Israel, Aug. 17, 2022 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended June 30, 2022.
Second Quarter 2022 Highlights
- Revenues were $9.1 million
- Operating profit was $0.3 million
- Profit before tax was $1.0 million.
- Net profit was $0.8 million or $0.13 per fully diluted share
- Net cash provided by operating activities amounted to $0.5 million
- Repair of the damaged production line was completed and production has returned to normal capacity
"While we were able to record revenues of $9.1 million in the second quarter of 2022, our revenues and operating profit was affected by the fire that broke out at our plant in Petach-Tikvah. The fire was extinguished, but completely shut down the production phase carried out in one of our production departments. Within a period of approximately two weeks we managed to employ an alternative process using other machines and renewed partial deliveries to customers while prioritizing critical orders. As of today, our production levels are at normal volume," said Eli Yaffe, CEO of Eltek.
"As a result of the fire, our ability to supply finished products to our customers was impaired, resulting in lower than planned sales and increased costs. We are currently discussing with the insurance company the amount of compensation for the damages we incurred," further explained Mr. Yaffe.
"During July, we renewed our shelf registration statement which will permit us to raise up to $20 million. The registration statement is intended to enable us to raise capital at a time when market conditions and our share price will be appropriate," concluded Mr. Yaffe.
Second Quarter 2022 GAAP Financial Results
Revenues for the second quarter of 2022 were $9.1 million, compared to $9.1 million in the second quarter of 2021;
Gross profit for the second quarter of 2022 was $1.7 million (18% of revenues) compared to $2.4 (26% of revenues) in the second quarter of 2021;
Operating profit for the second quarter of 2022 was $0.3 million compared to operating profit of $1.0 million in the second quarter of 2021;
Financial income for the second quarter of 2022 was $0.6 million compared to financial expenses of $0.1 million in the second quarter of 2021. Financial income resulted from the erosion of the NIS against the US dollar.
Profit before income tax for the second quarter of 2022 was $1.0 million compared to $1.0 million in the second quarter of 2021;
Net profit for the second quarter of 2022 was $0.8 million or $0.13 per fully diluted share compared to net profit of $0.9 million or $0.16 per fully diluted share in the second quarter of 2021;
Second Quarter 2022 Non-GAAP Financial Results
EBITDA for the second quarter of 2022 was a $0.8 million (9% of revenues) compared to EBITDA of $1.4 million (16% of revenues) in the second quarter of 2021;
First six months of 2022 GAAP Financial Results
Revenues for the first six months of 2022 were $18.8 million, compared to $16.3 million in the first six months of 2021;
Gross profit for the first six months of 2022 was $3.6 million (19% of revenues) compared to $3.5 (22% of revenues) in the first six months of 2021;
Operating profit for the first six months of 2022 was $1.0 million compared to operating profit of $1.2 million in the first six months of 2021;
Financial income for the first six months of 2022 was $732,000 compared to financial income of $20,000 in the first six months of 2021. Financial income resulted from the erosion of the NIS against the US dollar.
Profit before income tax for the first six months of 2022 was $1.7 million compared to $1.2 million in the first six months of 2021;
Net profit for the first six months of 2022 was $1.4 million or $0.24 per fully diluted share compared to net profit of $1.2 million or $0.20 per fully diluted share in the first six months of 2021;
First six months of 2022 Non-GAAP Financial Results
EBITDA for the first six months of 2022 was a $1.9 million (10% of revenues) compared to EBITDA of $2.1 million (13% of revenues) in the first six months of 2021;
Conference Call
Today, Wednesday, August 17, 2022, at 8:30am Eastern Time (15:30pm Israel Time, 5:30am Pacific Time), Eltek will conduct a conference call to discuss the results. The call will feature remarks by Eli Yaffe, Chief Executive Officer and Ron Freund, Chief Financial Officer.
To participate, please call the following teleconference numbers. Please allow for additional time to connect prior to the call:
United States: 1-866-860-9642
Israel: 03-918-0691
International: +972-3-918-0691
To Access a Replay of the Call
A replay of the call will be available for 30 days on the Investor Info section on Eltek's corporate website at http://www.nisteceltek.com approximately 24 hours after the conference call is completed.
About Eltek
Eltek – "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is an Israeli leading company in this industry. PCBs are the core circuitry of most electronic devices. Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP Electronics certifications. Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.
Eltek was founded in 1970. The Company's headquarters, R&D, production and marketing center are located in Israel. Eltek also operates through its subsidiary in North America and by agents and distributors in Europe, India, South Africa and South America.
For more information, visit Eltek's web site at www.nisteceltek.com
Forward Looking Statement
Some of the statements included in this press release may be forward-looking statements that involve a number of risks and uncertainties including, but not limited to expected results in future quarters, the impact of the Coronavirus on the economy and our operations, risks in product and technology development and rapid technological change, product demand, the impact of competitive products and pricing, market acceptance, the sales cycle, changing economic conditions and other risk factors detailed in the Company's Annual Report on Form 20-F and other filings with the United States Securities and Exchange Commission. Any forward-looking statements set forth in this press release speak only as of the date of this press release. The information found on our website is not incorporated by reference into this press release and is included for reference purposes only.
About our Non-GAAP Financial Information
The Company reports financial results in accordance with U.S. GAAP and herein provides some non-GAAP measures, including EBITDA. These non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. These non-GAAP measures are intended to supplement the Company's presentation of its financial results that are prepared in accordance with GAAP. The Company uses the non-GAAP measures presented to evaluate and manage the Company's operations internally. The Company is also providing this information to assist investors in performing additional financial analysis. Reconciliation between the Company's results on a GAAP and non-GAAP basis is provided in a table below.
Investor Contact
Ron Freund
Chief Financial Officer
Investor-Contact@nisteceltek.com
+972-3-939-5023
(Tables follow)
View original content:
SOURCE Eltek Ltd. | https://www.whsv.com/prnewswire/2022/08/17/eltek-ltd-reports-2022-second-quarter-financial-results/ | 2022-08-17T12:09:02Z |
Animal Outlook's undercover investigation unveils animal abuse horrors throughout Bay Area residential neighborhoods
WASHINGTON, Aug. 17, 2022 /PRNewswire/ -- An investigation from Animal Outlook has unveiled abuse at live markets—markets where live animals are slaughtered, killed and sold—in and around the Bay Area in Northern California.
Photographic and video footage taken by the organization shows the horrific abuse inflicted on fish, turtles, frogs and other animals in these live markets, many of which are in close proximity to peoples' homes and in full view of children as they walk to school.
Animal Outlook is calling for stricter enforcement of existing anti-cruelty and protection laws for the cruelty documented. Cheryl Leahy, Animal Outlook's Executive Director, states, "We want the public to be aware that this type of animal cruelty is happening, both on massive factory farms and slaughterhouses run by multinational conorporations as well as right in our own neighborhoods—cruelty and suffering are standard fare across the board.
Although Animal Outlook's exposé shows the abuse at these San Francisco, Oakland and San Jose markets, this issue is a nationwide problem. Leahy continues, "There are literally hundreds of these markets and they are in nearly every major city from Los Angeles to New York and in full view of residents. We are shining a light on San Francisco to illustrate the national crisis."
The multitude of abuses uncovered in this video include fish, turtle and frog cruelty. Fish are bludgeoned before being dismembered and many are hit multiple times with clubs or the flat side of knives. Additionally, fish are swimming in overcrowded tanks surrounded by dead or dying fish or displayed in shallow trays with little water. Turtles are decapitated alive and soft shell aquatic turtles are kept in dry containers. Frogs and other amphibians and reptiles spend their days in plastic tubs, sometimes piled on top of each other.
Even though the vast majority of Americans agree that animal cruelty is wrong, these practices are allowed to continue under the veil of these live markets.
Animal Outlook is a national nonprofit 501(c)(3) animal advocacy organization based in Washington, DC. Its mission is to aid animals by strategically challenging the status quo of animal agribusiness through undercover investigations, legal advocacy, corporate and food system reform, and empowering everyone to choose vegan. https://animaloutlook.org/
Media Contact:
Jim Amos, Scout 22
(818) 216-9122
jim@scout22.com
View original content:
SOURCE Animal Outlook | https://www.whsv.com/prnewswire/2022/08/17/exposing-ugly-abuse-one-americas-most-beautiful-cities/ | 2022-08-17T12:09:09Z |
Educator Survey Spotlights Inequity and Financial Hurdles of Building an Engaging and Effective Classroom Library
WASHINGTON, Aug. 17, 2022 /PRNewswire/ -- First Book, the largest online network of educators serving children in need, in partnership with literacy expert and education researcher Susan Neuman, is launching a new tool to assess and bolster the quality and equity of classroom libraries. The Literacy Rich Classroom Library Checklist offers a complete assessment of a classroom library's book collection and design features to maximize student engagement and ensure the inclusion of equitable resources that reflect the needs and interests of children in need. Classroom libraries that meet their full potential in supporting student learning take into account the presentation of the physical space, the quantity, quality and diversity of books offered, and the frequency of use.
Informing this innovative assessment tool and accompanying its launch, First Book is releasing the findings of a new survey of more than 1,200 educators nationwide. This study reveals the costly and time-consuming process of building a literacy rich environment, considering nearly all educators (96%) are responsible for suppling some or all of the books and learning materials in their classroom libraries. On average, educators pay $346 out of their own pocket on books and materials in a typical year, and it takes nearly half of educators (47%) more than 6 years to build their classroom library. For many, these classroom libraries were decimated as educators gave out books to remedy students' limited access to physical books as they transitioned to remote learning during the pandemic. As educators look to rebuild and strengthen their classroom libraries, especially those in low-income communities and Title I schools, it is essential to evaluate the literacy rich nature of these libraries to offer an equitable selection of resources to engage and capture the minds of our youngest readers in low-income communities.
"As we emerge from a pandemic that has shuttered libraries and severed access to high-quality books, classroom libraries will be the linchpin in reigniting student passion for reading," says Susan Neuman, professor of teaching and learning at New York University. "There is a science to creating a classroom library that expands beyond the simple presence of books. With the guide of the Literacy Rich Classroom Library Checklist, we have provided a research-driven roadmap for educators to foster an environment that invites students, offers high-quality books and resources, and cultivates a love for reading that will drive equitable education outcomes and be foundational for future success."
This tool addresses the damaging spread of book deserts and provides educators and school leaders with a resource to maximize the impact of classroom resources. According to the U.S. Department of Education, an alarming 2.5 million children are enrolled in districts where there are no school libraries. The pandemic has further strained student and community access to books, exacerbating student reading engagement and proficiency. These survey results represent the classroom library status of First Book members who have access to books at deeply discounted prices and therefore are more likely to have a broader classroom library than non-First Book members working in Title I classrooms. Even across this population, the survey reveals that 30% of classroom libraries fall short of meeting the literacy rich guidelines and educators currently see no way to meet them. These book deficits are especially pronounced in terms of access to diverse books, where one third of educators report that they don't consider their book collections to have an adequate representation of diverse cultures. Despite having access to low-cost and free books through the First Book Marketplace, without a sufficient tool to evaluate book collections even educators with extensive classroom libraries over-estimated the quality and effectiveness of their classroom library until viewing this checklist.
"We applaud the valiant efforts of educators who recognize it is essential to build a classroom library offering 10-20 books per student that reflect the diverse and unique stories of their students, and that it is central to overcoming the reading level gaps that students, particularly in low-income communities are facing," says Kyle Zimmer, president and CEO, First Book. "The fact that it takes nearly a third of our educators more than 10 years spending $346 a year of their own money to build their classroom libraries highlights the urgency of our mission to provide access to high-quality, low-cost and free books to support educational equity."
The development of the Literacy Rich Classroom Library Checklist empowers educators to self-evaluate classrooms and better ensure high-quality, diverse resources that bolster libraries and support a more equitable education for all. The complete First Book Accelerator resource further supports the 96 percent of educators who have personally funded some or all of their classroom library books by offering a crowdsourced toolkit that includes insights on self-advocating for classroom funding.
As a result of this research, First Book will fund 200 classroom libraries across the country in an effort to strengthen student access to high-quality, diverse books and to support educators who have gone above and beyond to establish and fund the development of literacy rich environments.
The Literacy Rich Classroom Library Checklist is the product of a comprehensive research effort, conducted by First Book and Susan Neuman. The quantitative and qualitative undertaking included a literature review, field research and a nationwide educator survey to refine and optimize the classroom library evaluation tool, incorporating feedback and insights from educators serving children in need in Title I schools. The resulting resources have already been well-received by the educators in our survey who used it to assess their own classroom libraries. The survey indicated that 78% of educators found the checklist very or extremely useful in defining what makes a classroom library or reading area "literacy rich." These free resources and the comprehensive research results can be found at firstbook.org.
About First Book
Founded in Washington, D.C., in 1992 as a 501(c)3 nonprofit social enterprise, First Book is a leader in the educational equity field. Over its 29-year history, First Book has distributed more than 225 million books and educational resources, with a retail value of more than $2 billion. First Book believes education offers children in need the best path out of poverty. First Book breaks down barriers to quality education by providing its Network of more than 550,000 registered teachers, librarians, after school program leaders, and others serving children in need with millions of free and affordable new, high-quality books, educational resources, and basic needs items through the award-winning First Book Marketplace nonprofit eCommerce site. The First Book Network comprises the largest and fastest-growing community of formal and informal educators serving children in need.
First Book also expands the breadth and depth of the education field through a family of social enterprises, including First Book Research & Insights, its proprietary research initiative, and the First Book Accelerator, which brings best-in-class research-based strategies to the classroom via relevant, usable educator resources. First Book Impact Funds target support to areas of need, such as rural communities or increasing diversity in children's books. For more information about First Book, please visit www.firstbook.org.
About Susan Neuman
Susan B. Neuman is a Professor of Teaching and Learning at New York University specializing in childhood education and early literacy development. Previously, she has been a Professor at the University of Michigan and has served as the U.S. Assistant Secretary for Elementary and Secondary Education. In her role as Assistant Secretary, she established the Early Reading First program, the Early Childhood Educator Professional Development Program and was responsible for all activities in Title I of the Elementary and Secondary Act. She has served on the IRA Board of Directors (2001-2003), and other numerous boards of non-profit organizations, and served as Co-editor of Reading Research Quarterly (2011-2018), ILA flagship research journal. Her research and teaching interests include early childhood policy, curriculum, and early reading instruction, prek-grade 3 for children who live in poverty. Neuman has received two life-time achievement awards for research in literacy development, and is a member of the Reading Hall of Fame, and a Fellow of the American Educational Research Association. She has written over 100 articles, and authored and edited 12 books.
Media Contact:
Ian Kenison
ikenison@firstbook.org
(603) 568-0558
View original content to download multimedia:
SOURCE First Book | https://www.whsv.com/prnewswire/2022/08/17/first-book-education-researcher-susan-neuman-launch-groundbreaking-classroom-library-tool-students-struggle-access-literacy-rich-environments/ | 2022-08-17T12:09:16Z |
With Three-Year Revenue Growth of 14,708% Percent, Fohse Receives Ranking No. 19 Among America's Fastest-Growing Private Companies
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Today, Inc. revealed that Fohse is No. 19 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
In 2015, Fohse set out to do what no one had been able to do before: build an LED grow light that would match—and surpass—the capabilities of any lighting system ever seen in cannabis grows! Today, Fohse is ranked #19 as the fastest growing private company in America after years of diligence, innovation and massive growth resulting in a three-year revenue growth of 14,708% percent.
Brett Stevens, Fohse Co-Founder and CEO says: "This is such an amazing honor for all of us at Fohse and a clear validation of the amazing growth we have experienced. We are honored to be mentioned on the list of such amazing companies. This is just the beginning for us as we are continuing to grow. We are still a young company and we are constantly developing new technology and new products so we can continue to expand into more markets across the globe. We are so grateful for our loyal customers who utilize our lights and are continuing to see their yields go up giving consumers better cannabis products!"
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
About Fohse
Fohse, the Future of Horticultural Science & Engineering, a leading manufacturer of high-performance LED grow lights, creates lighting fixtures that enable previously unobtainable and unthinkable results. Fohse's sustainable and innovative first-of-their-kind products create a loyal customer base around the world. Fohse was founded in 2015 and has sold multiple tens of thousands of lights to growers and cannabis brands around the world—without a single customer taking the company up on its promise of refund if their yields did not increase.
CONTACT:
Ida Bo Frazier
Senior Communications Supervisor
ida@therosegrp.com
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
About Inc.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
View original content to download multimedia:
SOURCE Fohse | https://www.whsv.com/prnewswire/2022/08/17/fohse-ranks-no-19-2022-inc-5000-annual-list/ | 2022-08-17T12:09:22Z |
STOCKHOLM, Aug. 17, 2022 /PRNewswire/ -- Hesam Yazdi, board member and primary insider of Gaming Innovation Group Inc. (GiG), has today purchased 10.000 shares in GiG at a price of SEK 21.97 per share. After this transaction, Hesam Yazdi and close associates owns 927,150 shares in GiG, including 64,550 shares via pension savings plans.
For further information, contact:
Tore Formo, Group CFO, tore@gig.com +47 916 68 678
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group's vision is 'To be the industry leading platform, sportsbook and media provider delivering world class solutions to our iGaming partners and their customers. GiG's mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
View original content:
SOURCE Gaming Innovation Group | https://www.whsv.com/prnewswire/2022/08/17/gaming-innovation-group-mandatory-notification-trade/ | 2022-08-17T12:09:29Z |
Also Announces Hiring of Joe Rubino to Lead Efforts related to Information Security
CHICAGO, Aug. 17, 2022 /PRNewswire/ -- GTCR, a leading private equity firm, announced today the formation of its Portfolio Resources Group (PRG). PRG will be comprised of experienced functional leaders who can bring expertise, intellectual capital, vendor relationships and best practices in defined areas to support GTCR's investment teams and portfolio company leadership. The members of GTCR's Portfolio Resources Group are expected to bring enhanced capabilities and resources to aid in management's value creation plans. Consistent with GTCR's Leader's Strategy™ approach, PRG team members will work with a partnership orientation to collaboratively and constructively assist portfolio company leadership on key initiatives determined by management and company boards of directors.
"GTCR's approach is to be a constructive and value-added partner to our management leaders. Our industry domain expertise and our experience growing and transforming businesses are critical to being a good partner and building value alongside management. To further enhance the value-add that we can bring, we are investing in staff that will have expertise in specific functional areas, which will be available as a resource to our teams. The Portfolio Resources Group is a natural extension of the deep partnership we look to build with our executives and is expected to further the value creation that we can accomplish mutually," said Collin Roche, Managing Director and Co-CEO of GTCR.
As part of the Portfolio Resources Group, Travis Krueger, a Managing Director at GTCR, will continue to lead a team that provides data and analytics and portfolio support to assist GTCR's investment teams, investment committee and portfolio company management. Mr. Krueger joined GTCR in 2005 and has been instrumental in building the firm's capabilities to utilize data to develop insights on company performance and to better inform value creation plans. Mr. Krueger has also been a contributor to the creation of PRG and will be a key leader focused on driving impact at portfolio companies.
The PRG will supplement portfolio company support provided by the firm's investment teams as well as GTCR's in-house functional leaders in such areas as finance, legal, compliance, marketing/communications, leadership, information technology and ESG-DEI.
In conjunction with the formation of the Portfolio Resources Group, GTCR is announcing that Joe Rubino has joined as Managing Director, Information Security and Data Privacy. Mr. Rubino supports the firm's portfolio companies on key initiatives including cybersecurity, information management, data privacy and risk mitigation. Mr. Rubino has over two decades of security experience. He joins GTCR from HCL Software where he served as Vice President & Global Chief Information Security Officer, and previously he was Chief Information Security Officer for Bloomberg Industry Group. Before his private sector experience, Mr. Rubino spent 15 years at the Central Intelligence Agency, focused on data protection services and responsibilities.
Mr. Rubino joins other members of GTCR's Portfolio Resources Group who have joined the firm in the past year. Manoj Narayanan is a Managing Director with a focus on Technology and Digitization. Mr. Narayanan works with GTCR portfolio companies on enhancing technology infrastructure and undertaking transformative technology improvement initiatives. Most recently, Mr. Narayanan was CTO of Real Chemistry, and he was previously a Managing Director at Vista Equity Partners. Katelyn Moorhead is Director of Procurement. Ms. Moorhead works on procurement and sourcing initiatives across the portfolio as well as vendor management and partnerships. Prior to joining GTCR, Ms. Moorhead was a Director at PwC in Chicago, working in procurement and strategic sourcing for middle market clients.
"Joe brings a wealth of experience to GTCR, and he will help our portfolio company leadership to better assess and manage security risks within their organization and to enhance data management generally. Given the risks in today's world, and with the rapid changes in security technology, it is important that GTCR offers support to our management teams in this critical area," said Aaron Cohen, Managing Director and Head of Financial Services & Technology at GTCR. "We expect that Joe, Manoj, Katelyn, working with Travis and others within our firm, will further enhance our ability to deploy best practices within our portfolio companies, ultimately helping to drive transformative change that is the hallmark of our investment approach. We will look to strategically add capabilities in other key functional areas over time."
About GTCR
Founded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $24 billion in over 270 companies, and the firm currently manages over $27 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach. For more information, please visit www.gtcr.com. Follow us on LinkedIn.
GTCR Contact
Andrew Johnson
(212) 835-7042
andrew.johnson@gtcr.com
View original content to download multimedia:
SOURCE GTCR | https://www.whsv.com/prnewswire/2022/08/17/gtcr-forms-portfolio-resources-group-support-portfolio-company-growth/ | 2022-08-17T12:09:36Z |
PRINCETON, N.J., Aug. 17, 2022 /PRNewswire/ -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification via its proprietary polymer adsorption technology, announced that the Israeli Ministry of Health (MoH) has approved national reimbursement for CytoSorb® in certain cardiac surgery indications that is expected to take effect in 2023.
Specifically, the Hospital Technologies Committee of the Israeli MoH has approved national CytoSorb reimbursement, also known as "addition to the Healthcare Basket," for the following indications:
- Intraoperative treatment for urgent or emergency cardiac surgery in patients treated with ticagrelor or rivaroxaban
- Intraoperative treatment during cardiac surgery in patients with acute infective endocarditis
- Intraoperative treatment during surgery for correction of aortic dissection
With its decision, the Committee recognizes the importance and value of CytoSorb to remove a variety of antithrombotic drugs and inflammatory mediators intraoperatively during cardiac surgery. Once the policy revision is completed, public hospitals are expected to receive reimbursement for CytoSorb for these applications.
Christian Steiner, M.D., Executive Vice President, Sales and Marketing of CytoSorbents, stated, "Israel has one of the highest quality and advanced healthcare systems in the world, strengthened by its leadership in adopting innovative medical technologies. We are pleased that the Ministry of Health recognizes the benefits of intraoperative CytoSorb use in cardiac surgery and has approved national reimbursement."
Israel has a population of approximately 9 million people, all of whom are covered by universal health insurance. Annually, the country spends about 7.5% of its gross domestic product (GDP) on healthcare. Israel spends an estimated $2.4 billion annually on medical devices, with imports accounting for approximately 65% of the medical device market. According to the Israel Heart Society, heart disease is the second leading cause of death in the country. More than 4,000 heart surgeries are performed in Israel each year.
About CytoSorbents Corporation (NASDAQ: CTSO)
CytoSorbents Corporation is a leader in the treatment of life-threatening conditions in critical care and cardiac surgery through blood purification. Its lead product, CytoSorb®, is approved in the European Union and marketed in more than 70 countries worldwide. It is an extracorporeal cytokine adsorber designed to reduce the "cytokine storm" or "cytokine release syndrome" that occurs in common critical illnesses and can lead to massive inflammation, organ failure and patient death. In these diseases, the risk of death can be extremely high, and there are few, if any, effective treatments. CytoSorb is also used during and after cardiothoracic surgery to remove inflammatory mediators that can lead to postoperative complications, including multiple organ failure. As of June 30, 2022, more than 179,000 CytoSorb devices have been used cumulatively worldwide. CytoSorb was originally launched in the European Union under the CE Mark as the first extracorporeal cytokine adsorber. Additional CE Mark extensions were granted for bilirubin and myoglobin removal in clinical conditions such as liver disease and trauma, respectively, and for ticagrelor and rivaroxaban removal during cardiothoracic surgery. CytoSorb has also received FDA emergency approval in the United States for use in adult critically ill COVID-19 patients with impending or confirmed respiratory failure. The DrugSorb™-ATR antithrombotic removal system, based on the same polymer technology as CytoSorb, also received FDA Breakthrough Device Designation to remove ticagrelor and FDA Breakthrough Device Designation to remove the direct oral anticoagulants (DOAC) apixaban and rivaroxaban in a cardiopulmonary bypass circuit during urgent cardiothoracic procedures. The company has initiated two FDA-approved pivotal studies to support marketing approval of DrugSorb-ATR in the United States. The first is the randomized, controlled STAR-T (Safe and Timely Antithrombotic Removal-Ticagrelor) study of 120 patients at 30 centers to evaluate whether intraoperative use of DrugSorb-ATR can reduce perioperative bleeding risk in ticagrelor patients undergoing cardiothoracic surgery. The second study is the STAR‑ D (Safe and Timely Antithrombotic Removal-Direct Oral Anticoagulants) randomized controlled trial of 120 patients at 30 centers evaluating the intraoperative use of DrugSorb-ATR to reduce perioperative bleeding risk in patients undergoing cardiothoracic surgery who are taking direct oral anticoagulants, including apixaban and rivaroxaban.
CytoSorbents' purification technologies are based on biocompatible, highly porous polymer beads that can actively remove toxic substances from blood and other body fluids through pore entrapment and surface adsorption. The Company's technologies have received more than $39.5 million in non-dilutive grants, contracts and other funding from DARPA, the U.S. Department of Health and Human Services (HHS), the National Institutes of Health (NIH), the National Heart, Lung, and Blood Institute (NHLBI), the U.S. Army, the U.S. Air Force, U.S. Special Operations Command (SOCOM), Air Force Material Command (USAF/AFMC) and others. The company has numerous marketed and in-development products based on this unique blood purification technology protected by numerous issued U.S. and international patents and registered trademarks, as well as several pending patent applications, including ECOS-300CY®, CytoSorb-XL™, HemoDefend-RBC™, HemoDefend-BGA™, VetResQ®, K+ ontrol™, DrugSorb™, DrugSorb™-ATR, ContrastSorb and others. For more information, please visit the company's websites at www.cytosorbents.com and www.cytosorb.com or follow us on Facebook and Twitter.
Forward-Looking Statements
This press release contains forward-looking statements that fall within the safe harbor of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding our plans, objectives, future goals and prospects for our business, expectations regarding the future impact of COVID-19 or the ongoing conflict between Russia and Ukraine, representations and assertions, and are not historical facts and are generally identified by the use of words such as "may," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar terms, although some forward-looking statements are worded differently. You should be aware that the forward-looking statements in this press release reflect management's current beliefs and expectations, but that our actual results, events and performance may differ materially from those in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risks disclosed in our Annual Report on Form 10-K filed with the SEC on March 10, 2022, our Quarterly Reports on Form 10-Q and the press releases and other communications to stockholders that we issue from time to time seeking to inform interested parties of the risks and factors that may affect our business. We caution you not to place undue reliance on such forward-looking statements. We are under no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by federal securities laws.
Please click to follow us on Facebook and Twitter
U.S. Company Contact:
Amy Vogel
305 College Road East
Princeton, NJ 08540
+1 (732) 329-8885
avogel@cytosorbents.com
European Company Contact:
Josephine Kraus
+49 30 765 84 66 23
josephine.kraus@cytosorbents.com
U.S. Public Relations:
Eric Kim
Rubenstein Public Relations
212-805-3052
ekim@rubensteinpr.com
European Public Relations:
Marcus Schult
commponists
+49 69 13823 ext. 960
+49 172 4238938
marcus.schult@die-kommponisten.com
View original content to download multimedia:
SOURCE CytoSorbents Corporation | https://www.whsv.com/prnewswire/2022/08/17/israeli-ministry-health-approves-national-coverage-cytosorb/ | 2022-08-17T12:09:42Z |
KBank Biz Loan - Digital loan application for business expansion and shopping is now available on the e-commerce platform (B2B) Buy2sell Vietnam
HO CHI MINH CITY, Vietnam, Aug. 17, 2022 /PRNewswire/ -- Buy2Sell Vietnam partners with KASIKORNBANK (KBank) - Thailand's leading SME support bank, with its prestige, security and safety to facilitate customers with income from 5 million VND, running small businesses or working as office workers that are in need of capital to expand sales on e-commerce platforms, able to access the KBank Biz Loan digital loan application.
KBank Biz Loan's strength is the complete digital technology, easy and fast for customers to register anytime and anywhere. With only 3 simple steps to register on the KBank Loan app. Verify customer identity with e-KYC and digital signature technology. The online loan application process does not take more than 5 minutes. No mortgage required with the loan limit up to 300 million, attractive interest rate from only 1.25%/month (calculated based on amortized loan balance), flexible loan term up to 36 months.
Kasikorn Public Bank Limited (KBank) is the leading bank for (SMEs) in Thailand. In 2015, KBank entered the Vietnamese market. In 2021, Kbank opened administrative offices in Ho Chi Minh City and Hanoi.
KBank has a competitive advantage in the field of loan services for small and medium-sized enterprises, deploying digital banking services completely by digital technology. With the goal of promoting operations of businesses, household, and individual businesses, KBank has offered convenient, flexible and suitable financial solutions for the Vietnamese market.
KBank Loan is a digital loan application in Vietnam, providing financial support for small and medium-sized businesses or individuals that need capital on business development, shopping for both short and long-term.
Buy2Sell is a pioneering B2B e-commerce platform with the largest source of imported goods in Vietnam, focusing on high-quality imported brands. Buy2Sell meets the needs of diverse products through the innovative distribution system such as cosmetics, food, beverages, and technological equipment imported from more than 60 countries around the world.
The cooperation between KASIKORNBANK Public Company Limited (KBank) and Buy2Sell Vietnam, is an opportunity to develop the digital transformation of Vietnam's financial market, and to support merchants to access online business capital easier, thereby increasing income for SMEs in Vietnam.
For more details: https://www.kasikornbank.com.vn / and https://buy2sell.vn/
View original content to download multimedia:
SOURCE Buy2Sell Vietnam | https://www.whsv.com/prnewswire/2022/08/17/kbank-biz-loan-is-now-available-e-commerce-platform-buy2sell-vietnam/ | 2022-08-17T12:09:49Z |
- Meet Korean metaverse companies on overhauled virtual exhibition spaces ICTWOW
- Business talks will be held both on ICTWON and K-Metaverse Expo Busan on 18 and 19 Aug.
SEOUL, South Korea, Aug. 17, 2022 /PRNewswire/ -- National IT Promotion Agency (NIPA), a Korean government agency for supporting the ICT industry, hosts an online export conference for small and medium companies (SMBs) to find overseas clients.
The event takes place on 18-19 August on World Online ICT Show or ICTWOW (http://www.ictwow.com), an integrated platform to support the domestic ICT business entering overseas markets during the hard times after the COVID-19 pandemic.
ICTWOW is a virtual space where more than 450 promising Korean ICT companies present their technology and products on a 24/7 basis.
They overhauled ICTWOW recently to refine company directories and enhance search features. It also faced off the design by building new 3D image elements on the main pages. AI chatbot is newly implemented for customer support.
The online ICTWOW event will accompany the on-site exhibition K-Metaverse Expo Busan, held in BEXCO, Busan.
Based on surveys among domestic SMBs that run Metaverse-related businesses, NIPA recruited more than 20 potential clients from Canada, Japan, China, and some ASEAN countries. More than 30 domestic companies will gather in the export lounge in K-Metaverse Expo Busan to present their Metaverse-related services and technologies to these clients via video calling and ICTWOW company pages.
"We expect this virtual and on-site hybrid event to open new opportunities for Korean SMBs that seek to enter the overseas market during the economic hard times due to the COVID-19 pandemic," said Jinhong Park, lead of the Global Business Team, NIPA. "NIPA is devoted to supporting promising companies to succeed in the global market. We not only connect potential clients to companies but also provide follow-up care and process monitoring," he added.
View original content to download multimedia:
SOURCE National IT Promotion Agency | https://www.whsv.com/prnewswire/2022/08/17/korean-government-agency-helps-companies-discover-smbs-with-metaverse-expertise-online-export-conference/ | 2022-08-17T12:09:55Z |
LOS ANGELES, Aug. 17, 2022 /PRNewswire/ -- The Los Angeles County Metropolitan Transportation Authority (Metro) approved a bold initiative to pioneer a multi-year transit ambassador program throughout its bus and rail system. Metro is contracting with Strive, a reputable and experienced wellness and community health partner, to implement and manage a diverse team of transit ambassadors. Strive will work collaboratively with local community-based organizations to offer a trauma-informed and rider assistance solution. The program is part of Metro's plan to bring non-law enforcement representatives to improve the customer experience, reinforce public safety, and increase ridership on its transit system.
This program is the first of its kind in the region, and will employ 300+ ambassadors from diverse L.A. County neighborhoods. Strive will provide ambassadors trained in unconscious bias identification, trauma-informed response, de-escalation, cultural/situational awareness, customer service, disability awareness, and public safety.
Friendly ambassadors will provide a high-quality customer service experience and orient passengers with general transit information such as directing customers and paying for fares. They will also work closely with community-based crisis intervention teams and be equipped to call dedicated personnel within Metro's public safety ecosystem.
"Our team is very excited to support the Los Angeles community with this innovative and forward-thinking initiative. We look forward to delivering a 'care-first' approach while improving the overall customer experience and reinforcing safety for public transportation in the region."
"Our top priority is to improve the customer experience- including making sure our riders feel safe. In the coming months, we expect customers will see a noticeable difference with our transit ambassadors in place. Once they deploy, transit ambassadors will greet riders and help our customers have positive interactions with our system. Ambassadors will also work closely with community-based crisis intervention teams and be able to call dedicated safety personnel when needed quickly. Thank you to the Metro Board of Directors for approving this new program; I look forward to its full deployment."
Strive is an authority in workplace wellness, community health, and outreach services. For 14+ years, Strive has supported every industry sector in the private and government segments. Headquartered in San Diego, California, with 200+ employees, Strive manages large and reputable client programs nationwide. https://Strive2Bfit.com/
LOGO: https://www.Send2Press.com/300dpi/22-0817-s2p-strivelogo-300dpi.jpg
This release was issued through Send2Press®, a unit of Neotrope®. For more information, visit Send2Press Newswire at https://www.Send2Press.com
View original content:
SOURCE Strive Well-Being Inc. | https://www.whsv.com/prnewswire/2022/08/17/la-metro-partners-with-strive-well-being-inc-innovative-transit-ambassador-program-strategy-improve-customer-experience-increase-ridership-reinforce-public-safety/ | 2022-08-17T12:10:02Z |
Premier lawsuit settlement company says applications are on the rise for individuals presently serving time for crimes they did not commit
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Legal-Bay LLC, the Presettlement Funding Company, announced some good news for victims of wrongful imprisonment cases. Last month, a high-profile exoneration was granted to Muhammad Aziz, a man falsely convicted in the murder of human rights leader Malcolm X. Mr. Aziz spent two decades in prison for a crime he did not commit. He has since filed suit against the city of New York to the tune of $40MM, and experts believe the lawsuit will be found in Mr. Aziz's favor.
Numerous plaintiffs with similar cases hope to fare as well. Many claims of wrongful imprisonment are marked by false arrest, excessive force, and coerced confessions. Many of these instances have caused physical as well as lasting psychological harm to the victims. The unscrupulous police, faulted prison systems, and cities that hosted them have already been forced to pay countless millions in damages with many more cases yet to be heard.
Chris Janish, CEO commented, "Legal-Bay has been a pioneer in legal funding for wrongful conviction cases for many years now, particularly in New York and California. Our legal team knows how to evaluate these cases quickly, and in fact have obtained quick funding approvals up to $1MM for individuals who were recently released from prison and wanted to start a new life immediately."
If you or a loved one require an immediate cash advance from your wrongful imprisonment lawsuit, please visit the company's website HERE or call 877.571.0405.
Legal-Bay is currently funding loans for settlements in the following cases: unlawful incarceration, false imprisonment, wrongful conviction, prosecutorial misconduct, police brutality, false arrest, excessive force, prison rape or sexual assault, as well as all personal injury lawsuit claims.
Legal-Bay's loans for lawsuits program is designed to provide immediate cash in advance of a plaintiff's anticipated monetary award. The non-recourse cash funding—sometimes referred to as loan on lawsuit or loan for settlement—is risk-free, as the money doesn't need to be repaid should the recipient lose their case. Therefore, the settlement loan is less of a loan, and more of a cash advance.
View original content to download multimedia:
SOURCE Legal-Bay, LLC | https://www.whsv.com/prnewswire/2022/08/17/legal-bay-pre-settlement-funding-lawsuit-funding-offers-updates-wrongful-convictions-false-incarcerations-unlawful-imprisonment-cases/ | 2022-08-17T12:10:08Z |
Tapping Into Picsart's 150 Million Monthly Active Users Will Gamify Franchise Album Artwork to Become A Star; Winner Will Be Announced August 18, 2022 and Featured Across LiveOne and Picsart Social Media Channels
All Participants Receive a LiveOne Membership to 30+ Million Songs, Over 500 Curated Stations, 300+ Podcasts, PPVs, NFTs, Merch and More
GamifyOne Members Will Win Prizes and Points Including LiveOne Coins, NFTs, Teslas, PPV and Event Tickets, Merchandise and More
Expands LiveOne's B2B Partnership Program; Existing Brands Include McDonalds, Tesla, Android Automotive, Samsung, CERE/Polygon, ZYNC and Harman
LOS ANGELES, Aug. 17, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events, announced today that it has partnered with Picsart, the world's leading digital creation platform and a top 20 most downloaded app worldwide, for a Replay Challenge, where fans create and design artwork for LiveOne's "Greatest Album Ever" franchise. All fans submitting to the Replay Challenge will receive a free LiveOne Plus membership for three months. This partnership is anticipated to add new members to LiveOne's already-existing 2.3 million free and paid members**.
Running from August 12 to August 17, 2022, the Replay Challenge gives fans the opportunity to become a "Star" of LiveOne's "Greatest Album Ever" franchise, which has featured artists such as Mary J. Blige, Elton John, and Jay Z. For this Replay Challenge, fans swap themselves for the one and only Harry Styles and add their own creative touch to stand out. LiveOne and Picsart will select the top 5 winners on August 18th, the rest of the top 5 winners will be selected on community/fan votes. LiveOne promoted the Replay Challenge across all social media channels and drove fans to participate and become the Star. Winners will be featured across LiveOne and Picsart's social media accounts in the coming weeks. The Replay Challenge is open to all in the US and Canada. Visit Picsart for complete Challenge details.
"We are excited to team up with Picsart to empower their global creator community to use LiveOne's music to create original content that can be shared worldwide," said Jackie Stone, Chief Marketing Officer of LiveOne. "LiveOne is always looking to partner with innovative brands who can bring unique and exclusive benefits to our membership."
"From creating fan art of their favorite musicians to designing their own podcast covers, the Picsart community produces a huge amount of audio-related content," said Connor Murphy, Senior Director of Business Development at Picsart. "Partnering with LiveOne is the perfect opportunity to merge our community's love of music and visual creativity."
GamifyOne's programming will include a range of show formats and promotional campaigns with gamification and interactivity - including the first ever live trivia game from the biggest global music events, to name that tune, HQ like music trivia game, social Q&A, leaderboards, polls and trivia. Each program and show will offer LiveOne members the opportunity to win a variety of prizes including Teslas, NFTs, exclusive experiences, live events and pay-per-view tickets, festival VIP passes, merchandise, artist meet and greets, free music subscriptions and more.
LiveOne's platform offers livestream concerts, festivals, music news, docu-reality series and interviews, as well as on-demand audio and audio playlists and vodcasts/podcasts. LiveOne and PodcastOne have powered global pay-per-view, livestream and podcast hits with some of the world's most renowned talent, including Adam Carolla, Billie Eilish, Billy Joel, Blake Shelton, B-Real, BTS, Camila Cabello, Dua Lipa, Harry Styles, J Balvin, Jennifer Lopez, Jordan Harbinger, Kacey Musgraves, Kail Lowry, Kaitlyn Bristowe, Kygo, LadyGang, Madonna, Melissa Gorga, Monsta X, Paul McCartney, Pitbull, Taylor Swift, Wiz Khalifa, and Yungblud.
LiveOne continues to expand its B2B partnership with innovative partners such as Samsung, AoL, Tesla and McDonald's. Most recently, its apps and content are in all vehicles featuring ZYNC, Android Automotive, including Ford, GMC, Dodge, Chrysler, Volvo, Polestar, Ford, Lincoln, Chevrolet, Nissan, Volkswagen, Mitsubishi, and others.
About Picsart
Picsart is a photo and video editing platform and creative community. A top 20 most downloaded app worldwide, its AI-powered tools allow creators of all levels to design, edit, draw and share content anywhere. The platform has amassed one of the largest open-source content collections in the world, including photos, stickers, backgrounds, templates, and more. Used by consumers, marketers, content creators and businesses, Picsart is used for both personal and professional design. Picsart also offers its world-class image editing and processing tools to businesses through APIs and an SDK. Download the app or visit picsart.com for more information.
About LiveOne, Inc.
Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the "Company") is an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company was awarded Best Live Moment by Digiday for its "Social Gloves" PPV Event, and has been a finalist for 8 more awards, including Best Live Event, Best Virtual Event, Best Overall Social Media Excellence, and Best Original Programming from Cynopsis and Digiday. As of June 30, 2022, the Company has accrued a paid and free membership base of over 2.37 million**, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, over 300 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company's wholly-owned subsidiaries include Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, LiveXLive, PPVOne and PodcastOne, which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across its stable of top-rated podcasts. LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. For more information, visit www.liveone.com and follow us on Facebook, Instagram, TikTok, and Twitter at @liveone.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition, spin-out, distribution or transaction, including the proposed spin-out of PodcastOne or its pay-per-view business, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition, spin-out, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne's ability to list on a national exchange; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its users and paid members; the Company identifying, acquiring, securing and developing content; the Company's intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2022, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 29, 2022, Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2022, filed with the SEC on August 15, 2022, and in the Company's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
** Included in the total number of paid members for the reported periods are certain members which are the subject of a contractual dispute. LiveOne is currently not recognizing revenue related to these members..
LiveOne IR Contact:
(310) 601-2505
ir@liveone.com
Press Contact:
LiveOne
press@liveone.com
View original content to download multimedia:
SOURCE LiveOne, Inc. | https://www.whsv.com/prnewswire/2022/08/17/liveones-gamifyone-partners-with-picsart-international-pop-icon-harry-styles-greatest-album-ever-replay-challenge/ | 2022-08-17T12:10:15Z |
Completed the 2021/2022 drill campaign with over 36,000 metres drilling.
Gran Bestia
- Long intercepts in seven ridge holes expected to add mineral resources, open in all directions
- C22-225: 0.76 g/t gold equivalent over 287 metres
- C22-214: 0.72 g/t gold equivalent over 126 metres
Cangrejos
- C22-226: 0.70 g/t gold equivalent over 222 metres – open to southwest and to depth
- C22-222: 1.23 g/t gold equivalent over 36 metres – open to east
VANCOUVER, BC, Aug. 17, 2022 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or "Lumina") is pleased to announce results from twenty-five drill holes at its Cangrejos Project (the "Project") in Ecuador. Seventeen of the reported drill holes are from Cangrejos and eight are from Gran Bestia (see Table 1). During the 2021/2022 drill program, 107 drill holes have been completed, totalling 36,027 metres of resource definition and geotechnical drilling. The drill program is now complete, and all drill rigs have been demobilised from site. Results from two holes at Cangrejos and fifteen at Gran Bestia are pending; including geotechnical holes.
Marshall Koval, CEO, President and Director commented: "I would like to thank our geological team for completing a well executed large-scale program on time. The drilling campaign appears to have delivered exactly what we set out to do, infill the US$1,100 gold constrained pits that formed the basis of the 2020 PEA, while also completing step-out drilling that should enhance the resource size and overall attractiveness of the Project."
Work on the Pre-Feasibility Study ("PFS"), expected to be completed in Q2 2023, is continuing. With the drilling now concluded, PFS resource estimation work has been initiated. The supporting geologic and structural models are near completion. Pit slope geotechnical testing and hydrogeologic characterization are also near completion for development of pit slope design recommendations. In addition, metallurgical testing of ~4,700 kgs of drill core is underway at Laboratorio Plenge in Lima. Ongoing field work includes site characterization for project infrastructure and baseline environmental studies.
Results from nine drill holes from the southwestern quadrant of Cangrejos are reported (C22-211, C22-213, C22-217, 22-221, C22-223, C22-224, C22-226, C22-230, and C22-231). Results from these holes are highlighted by hole C22-226 that intersected 221.6 metres from surface to the end of the hole grading 0.57 g/t gold and 0.08% copper, for 0.70 g/t Au Eq. This hole is open to the southwest and leaves the deposit open in this direction and to depth. Results from the other eight holes in this quadrant were typical of those returned from the edges of the deposit.
Results from eight drill holes from the remaining northern, central and southeastern parts of Cangrejos (C22-208, C22-210, C22-215, C22-216, C22-219, C22-222, C22-227 and C22-229), are also typical of the deposit limits. However, hole C22-222 contained 36 metres from 164m grading 1.14 g/t gold and 0.06% copper, for 1.23 g/t Au Eq. This interval is open to the east and corresponds to those higher-grade zones reported from other areas of the Cangrejos periphery.
Seven of the eight holes drilled at Gran Bestia were collared on the ridge crest and drilled down into the ridge to potentially add resources and lower the strip ratio, as this mostly previously uncategorized material formed the high wall of the Gran Bestia PEA pit. All of these holes returned long intervals above the previous mineral resource cut-off grade and are expected to add significantly to the Gran Bestia mineral resource estimate for use in the upcoming PFS. This drilling leaves mineralization in this area open in all directions, including to depth. Of particular note is hole C22-225, that intersected 287m grading 0.59 g/t gold with 0.12% copper for a gold equivalent of 0.76 g/t gold from 270 metres and remains open to depth, as well as six other reported intervals (see Table 1); and hole C22-214, that intersected 126m grading 0.62 g/t gold with 0.07% copper for a gold equivalent of 0.72 g/t gold from 144 metres down the hole, as well as two other reported intervals (see Table 1). The eighth hole, C22-207 at Gran Bestia was drilled at the southeastern limit of the pit towards the Cangrejos deposit and contained a 56-metre interval from 28m grading 1.11 g/t gold and 0.04% copper, for 1.18 g/t Au Eq, leaving the deposit open in this direction.
Table 1: Drill Results
All Lumina sample assay results have been independently monitored through a quality control / quality assurance ("QA/QC") program that includes the insertion of blind standards, blanks and pulp and reject duplicate samples. Logging and sampling are completed at Lumina's secure facility located at the Cangrejos Project. Drill core is sawn in half on site and half drill-core samples are securely transported to either Bureau Veritas Labs' (BV) or ALS Labs' ("ALS") sample preparation facilities in Quito, Ecuador. Sample pulps are sent to BV's or ALS' chemical labs in Lima, Peru for analysis. Gold content is determined by fire assay of a 30 gram charge with total copper content determined by four-acid digestion with ICP finish. Both labs are independent from Lumina.
Lumina is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.
Leo Hathaway, P.Geo., Senior Vice President of Lumina and the Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects for the Cangrejos Project has reviewed, verified and approved the contents of this news release and has verified the data underlying the contents of this news release.
Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. Cangrejos is being advanced to a Pre-Feasibility Study and is the largest primary gold deposit in Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.
Follow us on: Twitter, Linkedin or Facebook.
Further details are available on the Company's website at https://luminagold.com/. To receive future news releases please sign up at https://luminagold.com/contact.
Signed: "Marshall Koval"
Marshall Koval, President & CEO, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to potentially adding mineral resources and timing of the completion of a PFS study. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.
With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the prices of gold and copper, and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
View original content to download multimedia:
SOURCE Lumina Gold Corp. | https://www.whsv.com/prnewswire/2022/08/17/lumina-gold-extends-mineralization-cangrejos-deposit-continues-expand-gran-bestia-ridge/ | 2022-08-17T12:10:21Z |
DUBLIN, Aug. 17, 2022 /PRNewswire/ -- Mallinckrodt plc (OTCMKTS: MNKPF) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that Karen Ling has been appointed to the Company's Board of Directors, effective August 12, 2022. With the addition of Ms. Ling, the Mallinckrodt Board will expand to eight directors, seven of whom are independent.
"We are thrilled to welcome a leader of Karen's caliber to the Mallinckrodt Board," said Paul Bisaro, Chairman of the Mallinckrodt Board of Directors. "Karen is an accomplished global human resources executive, with decades of experience and a proven record of helping lead companies through times of transition and transformation, creating and implementing performance-driven compensation and benefits programs, and enhancing corporate culture initiatives. I am confident that we will benefit from her expertise and guidance on the Board as we look at ways to strengthen our organization and drive employee engagement around meeting our business objectives and continuing to put patients first."
"I have great admiration for the work Mallinckrodt does to serve patients, and I am honored to join Mallinckrodt at such an important time for the Company," said Ms. Ling. "Together with my fellow directors and the management team, I am excited to help guide Mallinckrodt as it re-energizes its teams, renews its focus on making a positive impact on the lives of patients and drives shareholder value creation."
Ms. Ling has more than 25 years of experience in human resources leadership and has worked extensively in the pharmaceutical industry. She most recently served as Executive Vice President and Chief Human Resources Officer of American International Group, Inc. (AIG) from 2019 to 2021, leading the Company's global human resources function. Prior to AIG, Ms. Ling served as Executive Vice President and Chief Human Resources Officer at Allergan from 2014 to 2019. From 2008 to 2014, Ms. Ling held a number of leadership positions at Merck, culminating in her role as Senior Vice President, Human Resources for Merck's Global Human Health and Consumer Care businesses. Prior to Merck, she spent 14 years at Wyeth in various positions leading human resources in the company's pharmaceutical division and subsequently at the corporate level. Throughout her career, Ms. Ling has led the integration of successive acquisitions, enhanced compensation and benefits programs, implemented initiatives to strengthen corporate culture, and evolved and improved talent acquisition and retention practices.
Ms. Ling serves on the boards of iRhythm Technologies and TherapeuticsMD, where she chairs the Compensation Committee. She also serves on the advisory committee of Galderma and the boards of two non-profit organizations, ExpandED and the JED Foundation.
Ms. Ling holds a J.D. from Boston University and a B.A. in Economics from Yale University.
Mallinckrodt is a global business consisting of multiple wholly owned subsidiaries that develop, manufacture, market and distribute specialty pharmaceutical products and therapies. The Company's Specialty Brands reportable segment's areas of focus include autoimmune and rare diseases in specialty areas like neurology, rheumatology, nephrology, pulmonology, ophthalmology and oncology; immunotherapy and neonatal respiratory critical care therapies; analgesics; cultured skin substitutes and gastrointestinal products. Its Specialty Generics reportable segment includes specialty generic drugs and active pharmaceutical ingredients. To learn more about Mallinckrodt, visit www.mallinckrodt.com.
Mallinckrodt uses its website as a channel of distribution of important company information, such as press releases, investor presentations and other financial information. It also uses its website to expedite public access to time-critical information regarding the Company in advance of or in lieu of distributing a press release or a filing with the U.S. Securities and Exchange Commission (SEC) disclosing the same information. Therefore, investors should look to the Investor Relations page of the website for important and time-critical information. Visitors to the website can also register to receive automatic e-mail and other notifications alerting them when new information is made available on the Investor Relations page of the website.
Statements in this document that are not strictly historical, including statements regarding Mallinckrodt's future financial condition and operating results, legal, economic, business, competitive and/or regulatory factors affecting Mallinckrodt's businesses, and any other statements regarding events or developments Mallinckrodt believes or anticipates will or may occur in the future, may be "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties. There are a number of important factors that could cause actual events 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. The "Risk Factors" section of Mallinckrodt's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and other filings with the SEC identify and describe in more detail the risks and uncertainties to which Mallinckrodt's businesses are subject. The forward-looking statements made herein speak only as of the date hereof and Mallinckrodt does 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, except as required by law.
CONTACTS
Investor Relations
Daniel J. Speciale
Global Corporate Controller and Chief Investor Relations Officer
314-302-6567
daniel.speciale@mnk.com
Derek Belz
Vice President, Investor Relations
314-654-3950
derek.belz@mnk.com
Media
Michael Freitag / Aaron Palash / Aura Reinhard
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Mallinckrodt, the "M" brand mark and the Mallinckrodt Pharmaceuticals logo are trademarks of a Mallinckrodt company. Other brands are trademarks of a Mallinckrodt company or their respective owners. © 2022 08/22.
View original content to download multimedia:
SOURCE Mallinckrodt plc | https://www.whsv.com/prnewswire/2022/08/17/mallinckrodt-announces-appointment-karen-ling-its-board-directors/ | 2022-08-17T12:10:28Z |
DUBLIN, Aug. 17, 2022 /PRNewswire/ -- Mallinckrodt plc (OTCMKTS: MNKPF) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today provided an update on its Executive Committee. Reflective of Mallinckrodt's efforts to build on recent progress, stabilize the business and create a stronger company for the long term, the following leaders will serve on the Executive Committee and report directly to Siggi Olafsson, President and Chief Executive Officer, effective immediately unless otherwise noted:
- Bryan Reasons will continue to serve as EVP and Chief Financial Officer, with executive responsibility for the Company's global finance and IT functions. Mr. Reasons served as a key architect of Mallinckrodt's successful Chapter 11 restructuring and will continue to provide leadership in managing financial strategy and investor relations as the Company works to strengthen its financial position.
- Henriette Nielsen has joined the Company as EVP and Chief Transformation Officer, replacing Ian Watkins who will depart in mid-September. In this newly created role, Ms. Nielsen will have executive responsibility for communications, human resources and employee-related functions at the Company, as well as a focus on further building out the Company's Environmental, Social and Governance (ESG) program. Most recently, she served as EVP of Business Operations at Hikma Pharmaceuticals.
- Mark Tyndall, who currently serves as SVP and U.S. General Counsel, will assume the role of EVP and Chief Legal Officer & Corporate Secretary, replacing Mark Casey who will depart in mid-September. In this role, Mr. Tyndall will have executive responsibility for all legal functions and will serve as the Company's primary liaison to the Board of Directors. Additionally, he will continue to have responsibility for Mallinckrodt's Government Affairs and Patient Advocacy functions.
- Jason Goodson, who currently serves as VP of Business Operations, will assume the new title of EVP and Head of Corporate Development with executive responsibility for overseeing corporate strategy, business development and business intelligence.
- Kassie Harrold, who currently serves as SVP and Chief Compliance Officer, will assume the new title of EVP and Chief Compliance Officer. With Mallinckrodt's strong commitment to operating ethically and in a compliant and socially responsible manner, Ms. Harrold will continue to oversee the Company's global integrity and compliance program and the execution of its Corporate Integrity Agreement and the Specialty Generics Operating Injunction.
- Stephen Welch, who currently serves as SVP and General Manager of Specialty Generics, will assume the role of EVP and Head of Specialty Generics and will continue to lead the Specialty Generics business.
Hugh O'Neill, EVP and Chief Commercial and Operations Officer, will step down from his role and depart Mallinckrodt in mid-September, and Steven Romano, M.D., EVP and Chief Scientific Officer, will step down from his role and depart the organization at the beginning of December. In the interim, the Company is conducting a broad search for successors to lead the Commercial, Operations and Quality group and the Science & Technology group.
"Mallinckrodt is at an important inflection point, and the leaders of our go-forward Executive Committee will join me in guiding the business and further strengthening our focus on the patients we serve," said Mr. Olafsson. "We are building a more diverse leadership team that blends the deep bench of talent we have at Mallinckrodt with new, experienced leaders, including Henriette, who brings significant experience from a range of corporate functions and an impressive track record of enhancing operations at pharmaceutical companies. In all, I'm confident that we are establishing the right team to build on our strong foundation, advance our business objectives and empower all our team members to grow with our company and reach their full potential, positioning Mallinckrodt to succeed and achieve sustainable growth over time."
Mr. Olafsson continued, "I would like to express my gratitude to Mark, Hugh, Steve and Ian for their dedication and many contributions to Mallinckrodt. They are leaders who were instrumental in providing us a strong foundation from which we can build a Mallinckrodt that is even more productive, patient-centric and prosperous. All of us at Mallinckrodt wish them the best in their future endeavors and thank them for their years of service to the organization."
For full biographies of each member of the Executive Committee, please visit https://www.mallinckrodt.com/about/executive-committee/.
About Mallinckrodt
Mallinckrodt is a global business consisting of multiple wholly owned subsidiaries that develop, manufacture, market and distribute specialty pharmaceutical products and therapies. The Company's Specialty Brands reportable segment's areas of focus include autoimmune and rare diseases in specialty areas like neurology, rheumatology, nephrology, pulmonology, ophthalmology and oncology; immunotherapy and neonatal respiratory critical care therapies; analgesics; cultured skin substitutes and gastrointestinal products. Its Specialty Generics reportable segment includes specialty generic drugs and active pharmaceutical ingredients. To learn more about Mallinckrodt, visit www.mallinckrodt.com.
Mallinckrodt uses its website as a channel of distribution of important company information, such as press releases, investor presentations and other financial information. It also uses its website to expedite public access to time-critical information regarding the Company in advance of or in lieu of distributing a press release or a filing with the U.S. Securities and Exchange Commission (SEC) disclosing the same information. Therefore, investors should look to the Investor Relations page of the website for important and time-critical information. Visitors to the website can also register to receive automatic e-mail and other notifications alerting them when new information is made available on the Investor Relations page of the website.
CAUTIONARY STATEMENTS RELATED TO FORWARD-LOOKING STATEMENTS
Statements in this document that are not strictly historical, including statements regarding Mallinckrodt's future financial condition and operating results, legal, economic, business, competitive and/or regulatory factors affecting Mallinckrodt's businesses, and any other statements regarding events or developments Mallinckrodt believes or anticipates will or may occur in the future, may be "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties. There are a number of important factors that could cause actual events 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. The "Risk Factors" section of Mallinckrodt's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and other filings with the SEC identify and describe in more detail the risks and uncertainties to which Mallinckrodt's businesses are subject. The forward-looking statements made herein speak only as of the date hereof and Mallinckrodt does 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, except as required by law.
CONTACTS
Investor Relations
Daniel J. Speciale
Global Corporate Controller and Chief Investor Relations Officer
314-302-6567
daniel.speciale@mnk.com
Derek Belz
Vice President, Investor Relations
314-654-3950
derek.belz@mnk.com
Media
Michael Freitag / Aaron Palash / Aura Reinhard
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Mallinckrodt, the "M" brand mark and the Mallinckrodt Pharmaceuticals logo are trademarks of a Mallinckrodt company. Other brands are trademarks of a Mallinckrodt company or their respective owners. © 2022 08/22.
View original content to download multimedia:
SOURCE Mallinckrodt plc | https://www.whsv.com/prnewswire/2022/08/17/mallinckrodt-plc-provides-update-executive-committee/ | 2022-08-17T12:10:34Z |
PISCATAWAY, N.J. and BANGALORE, India , Aug. 17, 2022 /PRNewswire/ -- Marlabs Inc., a leading digital solutions company, today announced that it has been awarded the 'Relevant Provider' status across four of the six categories in the ISG Provider Lens™ MarTech Services 2022 Research. The services include Digital Commerce Optimization, Digital Experience & Content, Social & Relationships and Strategic MarTech Services.
The ISG Provider Lens™ 2022 MarTech report is an independent service provider comparison report. Using data-driven research, ISG analyzes global MarTech Vendors through a proprietary framework across variety of services and technologies to support businesses through digital marketing including digital advertising, strategic services, data analytics, and content capabilities.
Marlabs has strategic partnerships with leading market-leading OEMs like Salesforce, Sitecore and Adobe. Marlabs Digital Services has helped digitally transform global organizations and create deeper and meaningful engagements with end customers.
Read More: the ISG Provider Lens™ MarTech Services 2022 Research
"This recognition is a strong validation of our focus to enable organizations digitally transform their customer experience initiatives while enhancing business functions with insightful design and data led outcomes. As the marketing epicenter shifts to blending creativity with incisive data driven insights, CMOs and CDOs must collaborate to create personalized customer experiences. Marlabs is uniquely positioned here, to help organizations through this digital explosion of consumer data and realize the true potential of MarTech," said Raghu Rao, SVP Marlabs.
ISG analyst, Mauricio Ohtani states, "Marlabs shows great promise as an upcoming provider of MarTech services for large and mid-size clients, with a strong market presence across the U.S. and the company is highly capable of implementing marketing-related business solutions. The company demonstrates significant depth across delivering digital solutions specific to building strong end consumer experiences. Marlabs' Digital services stood out in the report by differentiating themselves as a unique combination of design-led advisory, experience-led business realization & implementation services across marketing tech and ecommerce."
About Marlabs:
Marlabs helps leading companies around the world make operations sleeker, keep customers closer, transform data into decisions, de-risk cyberspace, boost legacy systems, and capture novel opportunities and digital-led revenues. It provides digital-first strategy and advisory services, rapid solution incubation and prototyping, and agile digital solution engineering. Marlabs is headquartered in New Jersey, with offices in the US, Germany, Brazil, and India.
About ISG:
ISG is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including 75 of the top 100 enterprises in the world. The firm specializes in digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Connecticut, ISG is known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data.
Media Contact:
media@marlabs.com
Logo: https://mma.prnewswire.com/media/1879917/Marlabs_Logo.jpg
Logo: https://mma.prnewswire.com/media/1879916/ISG_Provider_Lens_Logo.jpg
View original content to download multimedia:
SOURCE Marlabs | https://www.whsv.com/prnewswire/2022/08/17/marlabs-identified-relevant-provider-isg-provider-lens-quadrant-study-marketing-technology-martech-solutions-services-2022/ | 2022-08-17T12:10:41Z |
Inflation Reduction Act of 2022 Provides a 10% Advanced Manufacturing Tax Credit Applicable to Most of NioCorp's Planned Products
New Electric Vehicle Federal Tax Credit Tied to Increasing use of Critical Minerals That are Produced in the U.S. or Allied Nations
CENTENNIAL, Colo., Aug. 17, 2022 /PRNewswire/ -- The "Inflation Reduction Act of 2022," signed into law by President Biden this week, includes multiple financial and tax incentives designed to encourage greater production of critical minerals in the U.S. Virtually all of the critical minerals NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB) (OTCQX:NIOBF) intends to produce as part of its Elk Creek Critical Minerals Project in Nebraska (the "Project") would be eligible for new tax credits once the Project is financed and placed into commercial production.
"President Biden and Congressional leaders deserve credit for 'walking the talk' in this legislation on the need to make more of our own critical minerals in the U.S., and to reduce our reliance on foreign nations that hold the key to our nation's success in transitioning to a less carbon-intensive economy," stated Mark A. Smith, NioCorp's President, CEO and Executive Chairman.
Advanced Manufacturing Tax Credit Includes Critical Minerals Production
The bill creates a new 10% Advanced Manufacturing Tax Credit for a variety of critical minerals produced in the U.S., including niobium, scandium, and titanium. Should NioCorp find it economic to produce the magnetic rare earths neodymium, praseodymium, dysprosium, and terbium, and once the Project is financed and placed into commercial production, the 10% tax credit would also apply to the cost of producing these products.
"NioCorp could benefit substantially from these new production tax credits in the future," said Smith. "This and other provisions in this bill send a powerful signal to producers, markets, and investors that the U.S. government wants to up its game in terms of encouraging more production of American-made critical minerals."
Electric Vehicle Tax Credit Tied to Domestic Production of Critical Minerals
The legislation revises the existing $7,500 federal electric vehicle (EV) tax credit. The new credit will apply to the purchase of vehicles meeting specific criteria on purchase of vehicles: (1) final assembly of the vehicle must occur in North America; (2) specific percentages of the vehicle battery's critical minerals must originate or be recycled in the U.S. or be produced in a U.S. free trade agreement partner country;1 and (3) specified percentages of the vehicle battery's components must be manufactured in North America.
The bill specifically excludes application of the EV tax credit for vehicles placed in service after December 31, 2024 that utilize critical minerals in the vehicle's battery that were extracted, processed, or recycled by a "foreign entity of concern," which includes China, Russia, Iran, or North Korea.
The bill extends the EV tax credit through 2032, and mandates escalating levels of critical minerals used in EV batteries to be sourced or recycled in the U.S. or in a country with which the U.S. has a free-trade agreement. The percentage of the value of the critical minerals extracted or processed in the U.S. or a US free-trade partner or recycled in North America must be:
- 40% for an EV placed in service before January 1, 2024;
- 50% for an EV placed in the service during calendar year 2024;
- 60% for an EV placed in service during calendar year 2025;
- 70% for an EV placed in service during calendar year 2026; and
- 80% for an EV placed in service after December 31, 2026.
Other Bill Provisions That Could Benefit NioCorp
Other provisions of the bill are aimed at encouraging greater production of critical minerals in the U.S.:
- $500 million for "enhanced use" of the Defense Production Act to provide economic incentives to create, maintain, protect, expand, or restore domestic sources for critical components, critical technology items, and industrial resources.
- $40 billion commitment authority for the U.S. Department of Energy's Innovative Technology Loan Guarantee Program (Title XVII), on top of DOE's existing commitment authority of approximately $24 billion. The Innovative Technologies Loan Guarantee Program authorizes loan guarantees for projects that (1) "avoid, reduce, utilize, or sequester" air pollutants or anthropogenic emissions of greenhouse gases; and (2) employ "new or significantly improved technologies" as compared to commercial technologies in service in the United States at the time the guarantee is issued.
For More Information:
Contact Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., 720-639-4650, jim.sims@niocorp.com
Source: NioCorp Developments Ltd.
@NioCorp $NB.TO $NIOBF $BR3 #Niobium #Scandium #rareearth #neodymium #dysprosium #terbium #ElkCreek #EV #electricvehicle
About NioCorp
NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron ("NdFeB") magnets, which are used across a wide variety of defense and civilian applications.
Cautionary Note Regarding Forward-Looking Statements
Neither the Toronto Stock Exchange ("TSX") nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this document. Certain statements contained in this document may constitute forward-looking statements, including but not limited to statements related to the Company's expectations regarding the anticipated benefits of the Inflation Reduction Act of 2022, including benefits related to advanced manufacturing tax credits, electric vehicle tax credits and provisions encouraging greater production of critical minerals in the U.S. Such forward-looking statements are based upon NioCorp's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp's plans or prospects to change include risks related to NioCorp's ability to operate as a going concern; risks related to NioCorp's requirement of significant additional capital; changes in demand for and price of commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; the risks involved in the exploration, development and mining business, and the risks set forth in the Company's filings with the SEC at www.sec.gov. NioCorp disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
1 Nations that have free trade agreements with the U.S. include the following: Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Korea, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, and Singapore.
View original content to download multimedia:
SOURCE NioCorp Developments Ltd. | https://www.whsv.com/prnewswire/2022/08/17/new-federal-legislation-could-deliver-powerful-new-benefits-niocorp-its-critical-minerals/ | 2022-08-17T12:10:48Z |
Centrical report finds over 50% of contact centers will add gamification, want to reduce attrition rates, and more.
NEW YORK, LONDON and TEL-AVIV, Israel, Aug. 17, 2022 /PRNewswire/ -- Centrical, a global SaaS company, and pioneer of a next-generation employee engagement and performance management platform, has released a new industry trend report on the 2022 global state of contact center employee retention and performance.
The industry report is compiled feedback from 245+ contact center leaders from around the globe with company sizes ranging from 101-10,000+ employees.
Centrical CEO and Founder, Gal Rimon shared: "From the survey, we received very clear insights on where contact center leaders' mindsets and priorities are today. Employees are doubling down on their expectations, customers are more demanding than ever before, and to remain successful you must invest in your frontline employees and put them at the center of your business."
The report includes insights and feedback on what contact center leaders currently think of workforce engagement management, how well their employees are performing, the impact on CSAT, and their top initiatives and priorities for 2022-2023.
Key insights include:
- Attrition trends: 52% of respondents agreed that employee attrition is highly correlated to the quality of the employee-manager relationship
- Leadership focus areas: 90% of contact center leaders indicate improving employee experience is a top priority for 2022-2023
- Top priorities: 54% of respondents plan to add gamification in the next 12 months
"It's easy to say that contact centers need to improve the employee experience to reduce attrition, but it isn't so simple," said April Crichlow, CMO, Centrical. "Many factors are at play, from wages to interactions with managers, clarity of KPIs, increasing customer demands, and a host of other issues. Given Centrical's expertise and knowledge in the contact center, we felt it was critical to provide real-world insights and an action plan that all leaders can utilize to address retention and performance gaps given today's climate."
Download the industry report to learn more.
About Centrical
Centrical's employee success platform blends artificial intelligence and advanced gamification with personalized micro-learning, real-time employee performance management as well as adaptive coaching tools, and well-being strategies. The company has offices in London, New York, and Israel. Customers include leading multinational enterprises, including British Telecom, Coca-Cola, Microsoft, Teleperformance, Webhelp, and more.
View original content to download multimedia:
SOURCE Centrical | https://www.whsv.com/prnewswire/2022/08/17/new-research-reveals-gap-employee-retention-performance-within-contact-centers/ | 2022-08-17T12:10:54Z |
SAN DIEGO, Aug. 17, 2022 /PRNewswire/ -- ProPricer, the leading proposal pricing solution for government contractors and federal agencies, is excited to announce the roll-out of our new, virtual training center, ProPricer University. This platform will provide a thorough, holistic, and systematic learning experience through on-demand training to enhance customer experience and familiarity with ProPricer.
With training budgets often the first cut and budgeted for last, inflexible training experiences and options leave employees feeling unprepared and unsupported. This sentiment can lead to lower employee satisfaction, impacting the bottom line. According to a study conducted at UC Berkeley, onboarding employees is four times more expensive than retaining existing ones. Investing in training and employee development today, means improved retention, productivity, and profitability tomorrow.
"One of our goals at ProPricer is to serve our customers well. That's why we originally decided to work towards this training option; to enhance the customer experience and provide simple instruction that works best for everyone," said Estevan Mercado, Technical Support Manager.
ProPricer University will educate teams with lessons that are both hands-on and self-paced, making it easy to fit into any schedule. Additionally, the learning management system will provide strong foundational knowledge, ensuring all users are well supported through their learning journey. Key features of ProPricer University include:
- 30+ interactive learning modules
- Annual subscription at an affordable rate
- Easy sign up for you and your team
- Practical examples to prepare you for working with ProPricer
"ProPricer University will be a game-changer for us in how we communicate, train, and solve our customers' issues. This training helps us deliver better customer service, and we're excited to see how this offering can make ProPricer an even more robust solution," affirmed Michael Weaver, Director of Corporate Strategy.
ProPricer University launches on Monday, October 3, 2022. To learn about ProPricer University and program pricing tiers, visit https://engage.propricer.com/propricer-university.
ProPricer is software that maximizes the efficiency and accuracy of the development, submission, evaluation, negotiation, and auditing of proposal pricing. At ProPricer, we are committed to ensuring the best possible resources are available to our customers. With everything we do, we believe in thinking differently and serving our customers well.
Founded in 1984, ProPricer is trusted by organizations worldwide, including the top 10 US defense contractors. The company thrives on transforming its customers' needs into product features and enhancements that benefit all its current and future users. ProPricer is a trademark of Executive Business Services, Inc. (EBS). Visit us at propricer.com to learn more.
CONTACT: Holly DeHesa, hdehesa@propricer.com
View original content to download multimedia:
SOURCE ProPricer | https://www.whsv.com/prnewswire/2022/08/17/propricer-announces-their-on-demand-learning-center/ | 2022-08-17T12:11:00Z |
New test panel follows a Quest Diagnostics Health Trends® study with the CDC that revealed less than half of pregnant people are screened for hepatitis C as recommended under guidelines
SECAUCUS, N.J., Aug. 17, 2022 /PRNewswire/ -- Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services, today announced the launch of a new obstetrics laboratory test panel designed to enable physicians to screen all eligible pregnant people easily and reliably for hepatitis C (HCV) with other laboratory tests typically ordered during early pregnancy.
The company developed the new test panel to include HCV antibody testing with reflex to quantitative real-time PCR in response to findings from a Quest Diagnostics Health Trends® study published in Obstetrics & Gynecology in June 2022. This peer reviewed study found that less than 41% of pregnant people were screened for HCV in 2021, based on Quest Diagnostic's laboratory testing of more than 5 million pregnant patients. The study also found that individuals with Medicaid health insurance were screened at rates 25-35% lower than those with commercial insurance.
"Our Health Trends research revealed that despite guidelines recommending HCV screening in pregnancy, many people are not receiving the testing they need. Individuals in underserved communities are most likely to experience this gap in care," said Damian "Pat" Alagia, MD, Senior Medical Director, Women's Health, Quest Diagnostics. "Screening for HIV, HBV and syphilis is already standard in obstetric panels, and it is no coincidence that screening rates for these diseases during pregnancy are more than double the current rate as for HCV. By adding HCV screening to our obstetrics panel, physicians will be more likely to deliver guideline-based care that reduces HCV infection during pregnancy and fosters a positive outcome for the patient and their newborn."
"Our new test service is a prime example of how Quest Diagnostics illuminates care gaps from its uniquely large laboratory dataset and then creates solutions to improve patient care and public health," said Harvey W. Kaufman, MD, Senior Medical Director, Head of the Health Trends Research Program for Quest Diagnostics, and a lead of the study published in Obstetrics & Gynecology.
Obstetric panels are typically performed early in pregnancy and include guideline-recommended tests, such as complete blood count (CBC), blood typing, hepatitis B, syphilis, and rubella, to help guide clinical decisions affecting the pregnancy and mother's health.i In recent years, hepatitis C infections have risen in pregnant people and other populations in the United States, largely due to increased intravenous drug use. Between 2020-2021, the United States Preventative Services Task Force, American College of Obstetricians and Gynecologists, and the Society of Maternal-Fetal Medicine issued practice guidance recommending one-time hepatitis C screening during pregnancyii,iii while the CDC issued guidance recommending HCV screening for all pregnant people except in settings where the prevalence of HCV infection is less than 0.1%.iv
Hepatitis C is the most common bloodborne infection in the United States and is a leading cause of liver-related morbidity and mortality.v An estimated 1,700 infants were born with HCV infection (acquired in utero) each year between 2011 and 2014.vi
About Quest Diagnostics Health Trends®
Quest Diagnostics Health Trends® is a series of scientific reports that provide insights into health topics, based on analysis of HIPAA-compliant, objective clinical laboratory data, to empower better patient care, population health management and public health policy. The reports are based on the Quest Diagnostics database of 60 billion deidentified laboratory test results, believed to be the largest of its kind in healthcare. Health Trends has yielded novel insights to aid the management of allergies and asthma, prescription drug misuse, diabetes, Lyme disease, heart disease, influenza and workplace wellness. Quest Diagnostics also produces the Drug Testing Index (DTI)™, a series of reports on national workplace drug positivity trends based on the company's employer workplace drug testing data.
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 healthcare management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our 50,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives. www.QuestDiagnostics.com
i American College of Obstetricians and Gynecologists. Routine Tests During Pregnancy. https://www.acog.org/womens-health/faqs/routine-tests-during-pregnancy. Accessed July 26, 2022.
ii U.S. Preventative Services Task Force. Hepatitis C virus infection in adolescents and adults: screening: United States Preventative Services Task Force statement. JAMA. 2020;323(10):970‒975. https://doi.org/10.1001/jama.2020.1123.
iii ACOG Practice Advisory: Routine Hepatitis C Virus Screening in Pregnant Individuals (opqic.org)Schillie S, Wester C, Osborne M, Wesolowski L, Ryerson AB. CDC recommendations for hepatitis C screening among adults — United States, 2020. MMWR Recomm Rep. 2020;69(RR-2):1–17. https://doi.org/10.15585/mmwr.rr6902a1.
iv Schillie S, Wester C, Osborne M, Wesolowski L, Ryerson AB. CDC Recommendations for Hepatitis C Screening Among Adults — United States, 2020. MMWR Recomm Rep 2020;69(No. RR-2):1–17.
v Seo S, Silverberg MJ, Hurley LB, et al. Prevalence of spontaneous clearance of hepatitis C virus infection doubled from 1998 to 2017. J Clin Gastroenterol Hepatol. 2020;18(2):511‒513. https://doi.org/10.1016/j.cgh.2019.04.035.
vi Roberts EA, Yeung L. Maternal-infant transmission of hepatitis C virus infection. Hepatology. 2002;36(5 Suppl 1):S106-13.
View original content to download multimedia:
SOURCE Quest Diagnostics | https://www.whsv.com/prnewswire/2022/08/17/quest-diagnostics-aims-close-gaps-maternal-healthcare-with-new-obstetrics-test-panel-that-includes-hepatitis-c-screening/ | 2022-08-17T12:11:06Z |
- Raven SR and Howden sign a Memorandum of Understanding to optimize delivery of compression systems for Raven hydrogen fuel production facilities
- Howden allocates hydrogen compression and syngas pump manufacturing resources to meet Raven SR's hydrogen compressor demand for next five years
- The MoU will bring both companies closer to enhance project efficiency, implementation and expenditure of developing the waste-to-hydrogen infrastructure worldwide
PINEDALE, Wyo., Aug. 17, 2022 /PRNewswire/ -- Raven SR Inc. (Raven SR), a renewable fuels company, announced today it has signed a Memorandum of Understanding (MoU) with Howden (Howden), a leading global provider of mission critical air and gas handling products, technologies and services, to provide more certainty in procuring key components for hydrogen fuel production facilities, including advanced compressors.
Under the agreement, Raven SR and Howden will look to develop a standardized design for hydrogen compressors based on Raven SR's standard plant sizes and will aim to reduce lead times by providing inventories of dedicated compressor parts. These efforts will help Raven SR meet the increased volume of demand for its offering in the market and address waste management issues. The companies will also determine how to support aftermarket equipment needs at Raven SR's hydrogen production facilities.
"With Raven SR developing up to 15 hydrogen production facilities in the coming year around the world, we are expanding our relationship with Howden to coordinate and reduce any potential supply chain issues for crucial equipment, such as compressors and steam turbines," said Matt Murdock, CEO of Raven SR. "With Howden's leading hydrogen compression expertise and global presence, they are well placed to supply this critical equipment and support. We hope this joint framework for components procurement, including fabricated steel, will foster a standardized process for bringing renewable hydrogen projects online faster and more efficiently."
Howden's hydrogen solutions portfolio includes leading compression technologies, including Burton Corblin diaphragm compressors, and continues to be at the forefront of hydrogen compression solutions for over a century. The Raven SR Steam/CO2 Reforming non-combustion process converts waste, methane, and natural gas into hydrogen and Fischer-Tropsch fuels, including sustainable aviation fuel.
Ross B. Shuster, Chief Executive Officer at Howden Group, said: "This MoU brings together both expertise and a shared vision from both companies to develop effective solutions to accelerate the global energy transition. Raven SR has truly innovative technology to address some of the world's most pressing challenges including clean energy and waste management. We are excited to be collaborating with Matt and his team to help advance a more sustainable world and are pleased that Raven SR recognized Howden's leading technologies and has chosen to collaborate with us."
In June, Howden signed a contract to provide three hydrogen diaphragm compressors for Raven SR's renewable hydrogen facility in Richmond, California which is slated to begin operations in April of 2023. The Howden equipment will provide hydrogen compression into mobile high-pressure tube trailers that will deliver transportation-grade hydrogen for local customers. Additionally, Howden will supply compression for a Raven SR G Series (gas-to-fuels) system, also slated to begin operations in 2023.
Raven SR's technology is designed to produce more hydrogen per ton of waste than competing processes making the cost per kg of hydrogen competitive – a major barrier to adopting hydrogen as a fuel source – and bringing long-term and integrated value to Raven. The technology can also be implemented quickly, meeting demand faster and closer to the market. Raven SR's unique process can also convert waste to produce other renewable energy products, such as sustainable aviation fuel, synthetic liquid fuels (diesel, Jet A, mil-spec, JP-8), additives and solvents (such as methanol, butanol, and naphtha).
About Raven SR
Raven SR, headquartered in Wyoming, transforms biomass, mixed municipal solid waste, bio-solids, sewage, medical waste, and natural or biogas into renewable fuels. Using its proprietary, non-combustion, non-catalytic "Steam/CO2 Reformation" technology, Raven SR dependably produces a hydrogen-rich syngas regardless of feedstock utilized. Raven SR, led by co-founders Matt Murdock and Matt Scanlon, is committed to adding value to local resources and communities while responsibly reducing greenhouse gases and achieving a low carbon economy. By using modular systems and producing low air emissions, their systems can be located closer to customers and feedstock, creating local fuel from local waste for local mobility. Visit https://ravensr.com
About Howden
Howden is a leading global provider of mission critical air and gas handling products. Howden enables its customers' vital processes which advance a more sustainable world. Based in Glasgow, Scotland, Howden has over 160 years of heritage as a world-class application engineering and manufacturing company with a presence in 35 countries. Howden manufactures highly engineered fans, compressors, heat exchangers, steam turbines, and other air and gas handling equipment, and provides service and support to customers around the world in highly diversified end-markets and geographies. Since October 2019, Howden has been a portfolio company of KPS Capital Partners, LP. For more information: www.howden.com
View original content to download multimedia:
SOURCE Raven SR Inc. | https://www.whsv.com/prnewswire/2022/08/17/raven-sr-howden-strengthen-partnership-with-mou-streamline-waste-to-fuels-process/ | 2022-08-17T12:11:13Z |
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- UFO Gaming, the pioneering blockchain gaming platform, unveiled its long-awaited Metaverse with thousands of visitors in attendance.
While many companies are building Metaverses following Facebook's rebrand to Meta, UFO Gaming was among the early pioneers that announced audacious plans on building one long before this - and it has now finally come to fruition.
UFO Gaming is the first initiative to establish a unique multichain Metaverse with concrete advantages for gamers, providing them with digital assets such as NFTs in the form of in-game items, virtual land, and monetary value. $UFO holders may take advantage of a variety of perks, including dividends and community participation.
During the launch, UFO Gaming orchestrated an Easter Egg Hunt, Team AMA, Streamer Takeover, and Staking dApp Launch, all within their Metaverse event allowing their community to play and win prizes.
UFO Gaming enclosing their gaming platform within their Metaverse was a strategic move; recent analysis by McKinsey&Co (2022) projects that the Metaverse market will top $50billion by 2026.
The rise of ambitious crypto projects such as UFO Gaming is important in driving Metaverse growth and adoption. UFO Gaming utilizes virtual reality technology combined with the power of the blockchain to create uniquely immersive gameplay and future value for the $UFO token. The Metaverse market is expected to be driven by the increasing adoption of blockchain technology, the growing popularity of crypto assets, and the rise of UFO Gaming (CoinTelegraph, 20221).
Mckinsey surveyed over 3,400 consumers and executives on the Metaverse to find the vast majority believe that it will become increasingly important in the years to come. While Metaverse adoption is in its early stages, it is clear that it has the potential to revolutionize the way we live, work, and play. Those who don't start planning for the Metaverse now may find themselves at a serious disadvantage in the years to come. One way to get involved is to research early pioneers in the Metaverse space such as UFO Gaming (McKinsey&Co, 20222).
About UFO Gaming
UFO Gaming (UFO) is a revolutionary blockchain gaming platform giving players the power to earn cryptocurrency while playing games and to own their in-game items as NFTs. While launching their own games, UFO is developing its own Metaverse which invites users to meet, interact, and jump into its play-to-earn games.
1 Cointelegraph. (2022, August 2). Metaverse market share to surpass $50 billion by 2026, says new report. Cointelegraph; cointelegraph.com. https://cointelegraph.com/news/metaverse-market-share-to-surpass-50-billion-by-2026-says-new-report
2 McKinsey & Company. (2022). Value creation in the metaverse June 2022 The real business of the virtual world. McKinsey & Company; www.mckinsey.com.
Photo - https://mma.prnewswire.com/media/1878244/UFO_Gaming.jpg
View original content to download multimedia:
SOURCE MarketNews | https://www.whsv.com/prnewswire/2022/08/17/revolutionary-metaverse-launch-ufo-gaming/ | 2022-08-17T12:11:20Z |
The new agency focuses on synchronizing live events elements to increase reach and return on investment
EAGAN, Minn., Aug. 17, 2022 /PRNewswire/ -- Today, Skyline Exhibits, a tradeshow exhibiting company, introduces BrandSync. This new live, virtual and hybrid events agency helps brands improve business performance by synchronizing messaging, values, and direction to create transformative brand experiences.
"We could not be more excited to add BrandSync to the Skyline umbrella," said Anthony Floreano, Skyline CEO. "Our clients continue to invest in great customer experiences that move their business. With the introduction of BrandSync, we are right there with them – focused on them – while we work diligently to produce events that make the most of their marketing investment. The BrandSync team brings deep experience and a commitment to helping brands improve business performance."
A recent survey commissioned by Skyline found that 83% of CMOs view synchronizing event spending, messaging and reach to deliver maximum impact and ROI as their top priority.
Matt Mongoven, BrandSync SVP of brand experience and head of sales, said, "We are launching into a crowded market with a value proposition anchored in our client's world and our client's 'why.' We understand the intricacies of live events and the challenges event professionals face today. We know how to create inspiring and meaningful engagement. And we understand how to make event execution simpler, easier, and faster."
Complimenting Skyline's core exhibit business but operating as a separate entity, BrandSync is a full-service events agency offering strategy, creative, and production services to clients managing large-scale engagements, including:
- Product launches
- Annual meetings
- Sales kick-off events
- Developer summits
- Consumer events
- Brand activations and immersion experiences
- Press events
- Entertainment events
- C-Suite and board meetings
Leading the agency is an award-winning, seasoned team with experience across many industries, including automotive, technology, telecommunications, food & beverage, sports, financial services, oil & gas, healthcare, and pharmaceuticals. Key executives include:
- Matt Mongoven, SVP, Brand Experience, and Head of Sales
- Donald Moss, Executive Creative Director
- Julie Teplitzky, Global Director, Account Services
BrandSync marks Skyline's first introduction of a new business since receiving investment from Gemspring Capital in 2020. Skyline Exhibits is nearing its pre-pandemic revenue level and is focused on continued growth as events and tradeshows rebound.
BrandSync is an events agency that helps clients improve their business performance by joining with their most important stakeholders to align messaging, values, and direction and by creating transformative experiences that deliver measurable impact and business results. BrandSync works with some of the world's most valuable brands. To learn more, visit brandsyncevents.com.
Working with brands of all sizes, Skyline Exhibits is a tradeshow exhibit builder that creates award-winning tradeshow experiences through modular structures, high-impact graphics, custom fabrication, and comprehensive services. With a strong focus on excellence, Skyline makes great design accessible to everyone. To learn more, visit skyline.com.
Contact:
Valerie Carstens
972.816.0672
valeriecarstens@skyline.com
View original content to download multimedia:
SOURCE Skyline Exhibits | https://www.whsv.com/prnewswire/2022/08/17/skyline-launches-brandsync-new-live-events-agency/ | 2022-08-17T12:11:26Z |
Dental Support Organization Among America's Fastest-Growing Private Companies with Three-Year Revenue Growth of nearly 900%
WEST CHESTER, Pa., Aug. 17, 2022 /PRNewswire/ -- Inc. magazine revealed that Spark Dental Management, a leading Dental Support Organization (DSO), was named to the 2021 Inc. 5000 list, ranking at No. 699 overall and 42nd among companies in the Health Services category. This is the fifth year that an affiliate group of Spark Dental Management was included in this prestigious ranking of the nation's fastest-growing private companies.
The theme of this year's Inc. list was "Winning in a Time of Change". The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
"I'm incredibly proud of our organization and honored to receive this award," said Chief Executive Officer Michael O'Donnell. "In this time of change, it takes an outstanding group of employees, both in our affiliated practices and within the management team, to overcome the myriad of challenges we face in our industry. This award speaks volumes about our employees to be able to demonstrate such growth."
Spark Dental Management saw a year of abundant growth in 2021. Through de novo builds and strategic acquisitions, the dental support organization grew to more than 70 practices and expanded its geographic footprint to seven states. Spark Dental Management now has locations in Pennsylvania, Tennessee, Georgia, Virginia, New Jersey, Delaware, and Indiana.
"2021 was a busy but very exciting year for us, partnering with Rock Mountain Capital, building an incredible team, and growing our footprint from 10 locations in one state to over 70 locations in seven states," said Dr. Jason Hartman, Founder, President and Chief Orthodontic Officer of Spark Dental Management. "With the collective team we have in place now across all of our practice groups, I'm excited to see where the future takes us."
Spark Dental Management is a multi-specialty dental support organization that provides complete business and operational support services for its affiliated practices. The DSO currently supports 70 pediatric dental and orthodontic practices in seven states as well as five outpatient ambulatory surgery centers, a unique and critical component in solving access to care challenges.
The DSO is a model organization for the delivery of high-quality dental services, recognized for its superior patient care, customer service, and staff. Its mission is to provide exceptional and appropriate dental care to its patients while educating and facilitating a lifetime of excellent oral health.
Spark Dental Management provides the highest level of comprehensive business and operational support services to 74 affiliated pediatric dental and orthodontics locations in seven states. The company was founded as Spark Orthodontics in 2010 by Dr. Jason M. Hartman with a keen focus on delivering the highest quality patient care. From financial management to human resources and marketing, our professionals work to improve patient experience and expand access to dental care. Spark Dental Management is a portfolio company of Rock Mountain Capital. For more information, visit www.SparkDentalManagement.com
Since 1982, Inc. magazine has produced the celebrated Inc. 5000 list. Rankings are determined according to percentage revenue growth when comparing 2018 and 2021. Qualifying companies must be U.S.-based, privately held, for-profit, and independent as of December 31, 2021. This year's full listing can be found at https://www.inc.com/inc5000.
Contact:
Joe Lichty, Vice President of Marketing
JLichty@SparkDentalManagement
484.787.2908
View original content to download multimedia:
SOURCE Spark Dental Management | https://www.whsv.com/prnewswire/2022/08/17/spark-dental-management-ranks-no-699-inc-5000-annual-list/ | 2022-08-17T12:11:33Z |
Anthony Mona Named Spartan Wealth Management President
BIRMINGHAM, Mich., Aug. 17, 2022 /PRNewswire/ -- Spartan Wealth Management CEO Brian Mosallam is pleased to announce his firm's merger with 360° Wealth Management Group, a prestigious UBS Financial Services financial management team. This move expands Spartan's footprint as one of Michigan's leading wealth management firms.
"With over 70 years of wealth management experience focused on affluent Individuals, Spartan becomes even stronger with this merger," said Mosallam. "As fiduciaries, we have an exceptionally strong team in financial and estate planning, alternative investments and insurance as we holistically plan for high-net-worth Individuals and business owners."
Led by Joseph Mansoor and Anthony Mona, who has been named one of Forbes Top 100 advisors each year since 2019, the former UBS team will help Spartan Wealth Management's staff grow by 20% and administer over eight billion dollars in partnership with Cadaret Grant, a wholly owned subsidiary of Atria Wealth Solutions, Inc.
With the merger, Mona becomes President of Spartan Wealth Management. In the 2022 Forbes list of Wealth Advisors, Mona represented $1.4 billion of team assets.
"Our team is extremely excited to merge with Spartan Wealth. Our values and cultural alignment made the decision a very easy one," said Mona. "We are also excited to partner with Charles Schwab & Co., whose reputation speaks for itself."
Spartan Wealth Management is registered with the Cadaret Grant broker-dealer network, supported by Atria Wealth Solutions, Inc. The firm is led by CEO Brian Mosallam, a member of the AXA Advisors Hall of Fame, a Trustee Emeritus of Michigan State University and Co-Chair of Detroit/Wayne County Stadium Authority. A former MSU football player, Mosallam is also the co-host of Spartan Dawgs for Life, a weekly show focused on MSU Athletics.
About Spartan Wealth Management
Founded in 2018 by Brian Mosallam, Steve Nofar, Esq., and Alexander Wagner, Spartan Wealth Management's services include financial planning, investment, wealth management and insurance solutions for high-net-worth individuals. The firm is based in Birmingham, Michigan and is registered with Cadaret Grant & Co., a broker-dealer and wholly owned subsidiary of Atria Wealth Solutions, Inc. For more information, visit www.spartanwealth.com.
MEDIA CONTACT: Colleen Robar, 313-207-5960, crobar@robarpr.com
View original content to download multimedia:
SOURCE Spartan Wealth Management | https://www.whsv.com/prnewswire/2022/08/17/spartan-wealth-management-merges-with-360-wealth-management-group/ | 2022-08-17T12:11:39Z |
Seoul, South Korea, Aug. 17, 2022 /PRNewswire/ -- Wholesale fashion fabric aggregate SwatchOn has launched its sister service, VMOD 3D Library, to fully digitize the 200,000 fabrics on SwatchOn's innovative sourcing platform.
Since its inception in 2018, the company has provided a unique and reliable link in the fashion supply chain: SwatchOn's members-only, B2B platform connects the entirety of the South Korean textile industry to fashion brands around the globe. A member of the CFDA Materials Hub, SwatchOn's wholesale fabric offering of 200,000 SKUs has made the platform a reliable global resource for independent labels, mid-size brands, and the largest apparel manufacturers in the world.
Founded by Woosuk (Will) Lee and Yonmi (Michelle) Jung, SwatchOn disrupted the fabric sourcing industry, and continues to change and challenge the space. Streamlining the fabric sourcing link in the fashion supply chain set the stage for SwachhOn's next digital steps. In 2019, well before the pandemic, SwatchOn digitized its first fabric in 3D.
Today, VMOD 3D Library is the world's largest digital fabric library with thousands of hyper-realistic, customizable 3D fashion materials created from real-life twin fabrics. VMOD uses the latest technology from Vizoo to achieve high resolution surface scanning, capturing seamless PBR texture maps. The library currently provides 3D materials in compliance with both Adobe Substance 3D, as well as CLO3D and Marvelous Designer. CLO is one of the world's leaders in 3D Design Software – and SwatchOn's partner and investor.
"As fashion evolves and the lines between IRL and URL become intertwined, digital materials are increasingly recognized as an essential part of both physical and digital fashion. However, access to quality digital fabrics continues to be significantly lacking. We hope to change this material – and therefore creative – deficit with our VMOD 3D Fabric Library." explains Woosuk Lee, Co-Founder and CEO of SwatchOn. "VMOD's mission is to empower fashion brands and 3D fashion creators across the globe, and help enable endless possibilities."
The VMOD 3D Library materials are created with a wide range of customization features, introducing a unique spectrum of new creativity. With VMOD, 3D fashion creators can iterate efficiently utilizing superior quality fabrics created with the latest 3D technology, all of which embody accurate physical parameters of twin fabrics.
About SwatchOn
SwatchOn is a global fashion sourcing solution that connects the entirety of the South Korean textile industry to fashion brands around the world. SwatchOn has completely streamlined the fabric supply chain, allowing designers to quickly search and access over 200,000 textiles from 750 different suppliers – on its free, members-only website, SwatchOn.com.
SwatchOn boasts an unparalleled swatch sampling service. In addition to its Sustainable fabric section, SwatchOn ships in eco-friendly packaging to over 52 countries worldwide.
See more at https://swatchon.com/
About VMOD 3D Library
VMOD 3D Library is the world's largest digital fabric library with thousands of hyper-realistic, customizable 3D materials created from real-life fabric twins.
The VMOD 3D Library fabric assets are created with a wide range of customizable features, which enable users with a unique spectrum of creativity and efficiency. All VMOD 3D Library digital fabric assets embody accurate physical parameters of twin real-life fabrics in compliance with both Adobe Substance 3D, as well as CLO3D and Marvelous Designer.
See more at https://vmod.xyz/
View original content to download multimedia:
SOURCE SwatchOn Co., Ltd. | https://www.whsv.com/prnewswire/2022/08/17/swatchon-launches-digital-twin-3d-fabric-library-forge-fashions-future/ | 2022-08-17T12:11:45Z |
Second Quarter 2022 represents another record-breaking quarter based on revenue, growing total bookings 3.7x YoY and crossing the 100 mn total bookings milestone
Total ticket fares of $56.0 mn in six months ended June 30, 2022, up 3.2x from six months ended June 30, 2021
Well capitalized with $19 mn cash on balance sheet as of June 30, 2022; $29 mn subsequently raised in early Q3 from a private placement and equity facility; access to > $460 mn remaining equity facility
Swvl's Q2 performance is in line with its expectation to turn cash flow positive in 2023
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced results for the First Half of 2022 and select results for the Second Quarter of 2022. Swvl's condensed unaudited interim financial statements for the six-month periods ended June 30, 2022 and 2021, and supplementary information are available on Swvl's website here.
Financial Highlights for Half Year 2022 (H1'22)
- Revenues of $40.7 mn for H1'22, growth of 3.2x over H1'21
Key Business Measures for Half Year 2022 (H1'22)
- Total Ticket Fares of $56.0 mn for H1'22, growth of 3.2x over H1'21
- Total Bookings of 40.1 mn for H1'22, growth of 3.7x over H1'21
Financial Highlights for Second Quarter 2022 (Q2'22)
- Revenues of $23.3 mn for Q2'22, growth of 3.4x over Q2'21 and 1.3x over Q1'22
Key Business Measures for Second Quarter 2022 (Q2'22)
- Total Ticket Fares of $29.0 mn for Q2'22, growth of 3.0x over Q2'21 and 1.1x over Q1'22
- Total Bookings of 22.6 mn for Q2'22, growth of 3.5x over Q2'21 and 1.3x over Q1'22
- Cumulative total bookings to date exceed 112.5 mn
Mostafa Kandil, Swvl Founder and CEO, said, "As we cross the key mark of 100 million total bookings, we will continue to use the power of our cloud platform to become more cost efficient while servicing an array of user personas, providing the cities of the future with an integrated mobility operating system that helps solve for safety, reliability, efficiency, and accessibility. The commercial goals of the company are centered around maintaining a sustainable revenue growth powered by technology backed innovation feeding into profitability."
Youssef Salem, Swvl CFO, said, "The first half of 2022 marked several important milestones for us including growing 3.7x and 3.2x on total bookings and revenue, respectively, as compared to the first half of 2021. We also completed multiple strategic steps including organic SaaS launches in Kuwait and Brazil and acquisitions of Urbvan, Volt Lines and door2door as we continue to expand our highest profitability segments in alignment with Swvl's portfolio optimization program which we believe will lead to us turning cash flow positive in 2023."
Supplemental Information
In addition to the information included in this release and Swvl's condensed unaudited interim financial statements for the six months ended June 30, 2022 and 2021, presentation slides have been made available on Swvl's website.
Key Business Measures
"Total Ticket Fares" is an operating measure representing the total dollars processed on Swvl's platform for seats booked.
"Total Bookings" is an operating measure representing the total number of seats booked by riders and corporate customers (completed or cancelled) on our platform, over the period of measurement.
About Swvl
Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation across > 20 countries. The Company's platform provides complimentary semi-private alternatives to public transportation for individuals who cannot access or afford private options. Every day, Swvl's parallel mass transit systems are empowering individuals to go where they want, when they want – making mobility safer, more efficient, accessible, and environmentally friendly. Customers can book their rides on an easy-to-use proprietary app with varied payment options and 24 / 7 access to high-quality private buses and vans.
Swvl was co-founded by Mostafa Kandil, who began his career at Rocket Internet, where he launched the car sales platform Carmudi in the Philippines, which became the largest car classifieds company in the country in just six months. He then served as Rocket Internet's Head of Operations. In 2016, Kandil joined Careem, a ride-sharing company and the first unicorn in the Middle East. He supported the platform's expansion into multiple new markets.
For additional information about Swvl, please visit www.swvl.com.
Forward-Looking Statements
Certain statements made herein are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts.
These statements are based on the current expectations of Swvl's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl's business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to the economic and operational disruptions and other effects of the COVID-19 pandemic; the ability of Swvl to execute its growth strategy, manage growth profitably and retain its key employees; competition with other companies in the mobility industry; Swvl's limited operating history and lack of experience as a public company; recent implementation of certain policies and procedures to ensure compliance with applicable laws and regulations, including with respect to anti-bribery, anti-corruption, and cyber protection; the risk that Swvl is not able to execute its portfolio optimization plan; the risk that Swvl is unable to attract and retain consumers and qualified drivers and other high quality personnel; the risk that Swvl is unable to protect and enforce its intellectual property rights; the risk that Swvl is unable to determine rider demand to develop new offerings on its platform; the difficulty of obtaining required registrations, licenses, permits or approvals in jurisdictions in which Swvl currently operates or may in the future operate; the fact that Swvl currently operates in and intends to expand into jurisdictions that are, or have been, characterized by political instability, may have inadequate or limited regulatory and legal frameworks and may have limited, if any, treaties or other arrangements in place to protect foreign investment or involvement; the risk that Swvl's drivers could be classified as employees, workers or quasi-employees in the jurisdictions they operate; the fact that Swvl has operations in countries known to experience high levels of corruption and is subject to territorial anti-corruption laws in these jurisdictions; the ability of Swvl to maintain the listing of its securities on Nasdaq; Swvl's acquisitions may not be beneficial to Swvl as a result of the cost of integrating geographically disparate operations and the diversion of management's attention from its existing business, among other things; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission. The foregoing list of risk factors is not exhaustive. There may be additional risks that Swvl presently does not know or that Swvl currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Swvl's expectations, plans or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments will cause Swvl's assessments and projections to change. However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Swvl's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Investor Contact
Youssef Salem
Swvl CFO
Investor.relations@swvl.com
Photo - https://mma.prnewswire.com/media/1879973/H1_2022_Earnings_Supplemental_Data.jpg
Logo - https://mma.prnewswire.com/media/1869620/Swvl_Logo.jpg
View original content to download multimedia:
SOURCE Swvl | https://www.whsv.com/prnewswire/2022/08/17/swvl-announces-first-half-2022-results/ | 2022-08-17T12:11:51Z |
Target Corporation Reports Second Quarter Earnings
Published: Aug. 17, 2022 at 6:30 AM EDT|Updated: 2 hours ago
MINNEAPOLIS, Aug. 17, 2022 /PRNewswire/ --
Comparable sales grew 2.6 percent, on top of 8.9 percent growth last year.
Operating margin rate of 1.2 percent reflected gross margin pressure from actions to reduce excess inventory as well as higher freight and transportation costs.
As a result of the Company's inventory actions in the second quarter, the Company reduced its inventory exposure in discretionary categories while investing in rapidly-growing frequency categories. Additionally, Fall season receipts in discretionary categories were reduced by more than $1.5 billion.
Target Corporation (NYSE: TGT) today announced its second quarter 2022 financial results, which reflected continued sales and traffic growth on top of unprecedented increases over the last two years, and profit pressure driven primarily by the Company's inventory reduction efforts.
The Company reported second quarter GAAP earnings per share (EPS) of $0.39, down 89.2 percent from $3.65 in 2021. Second quarter Adjusted EPS1 of $0.39 decreased 89.2 percent compared with $3.64 in 2021. The attached tables provide a reconciliation of non-GAAP to GAAP measures. All earnings per share figures refer to diluted EPS.
"I'm really pleased with the underlying performance of our business, which continues to grow traffic and sales while delivering broad-based unit-share gains in a very challenging environment," said Brian Cornell, chairman and chief executive officer of Target Corporation. "I want to thank our team for their tireless work to deliver on the inventory rightsizing goals we announced in June. While these inventory actions put significant pressure on our near-term profitability, we're confident this was the right long-term decision in support of our guests, our team and our business. Looking ahead, the team is energized and ready to serve our guests in the back half of the year, with a safe, clean, uncluttered shopping experience, compelling value across every category, and a fresh assortment to serve our guests' wants and needs."
Fiscal 2022 Guidance
While the Company is planning cautiously for the remainder of the year, current trends support the company's prior guidance for full-year revenue growth in the low- to mid-single digit range, and an operating margin rate in a range around 6% in the back half of the year.
Operating Results
Comparable sales grew 2.6 percent in the second quarter, reflecting comparable store sales growth of 1.3 percent and comparable digital sales growth of 9.0 percent. Total revenue of $26.0 billion grew 3.5 percent compared with last year, reflecting total sales growth of 3.3 percent and a 14.8 percent increase in other revenue. Operating income was $321 million in second quarter 2022, down 87.0 percent from $2.5 billion in 2021, reflecting a decline in the Company's gross margin rate.
Second quarter operating income margin rate was 1.2 percent in 2022, compared with 9.8 percent in 2021. Second quarter gross margin rate was 21.5 percent, compared with 30.4 percent in 2021. This year's gross margin rate reflected higher markdown rates, driven primarily by inventory impairments and actions taken to address lower-than-expected sales in discretionary categories, as well as higher merchandise, inventory shrink, and freight costs. Additionally, gross margin rate was pressured by increased compensation and headcount in our distribution centers, the costs of managing excess inventory, and higher per-unit last-mile shipping costs. Second quarter SG&A expense rate was 19.2 percent in 2022, compared with 19.3 percent in 2021, reflecting the impact of lower incentive compensation, partially offset by cost increases across our business, including investments in hourly team member wages.
Interest Expense and Taxes
The Company's second quarter 2022 net interest expense was $112 million, compared with $104 million last year, reflecting higher commercial paper and average long-term debt levels.
Second quarter 2022 effective income tax rate was 15.8 percent, compared with the prior year rate of 23.4 percent, reflecting the impact of tax benefits on lower pre-tax earnings compared with last year.
Capital Deployment and Return on Invested Capital
The Company paid dividends of $417 million in the second quarter, compared with $336 million last year, reflecting a 32.4 percent increase in the dividend per share, partially offset by a decline in average share count.
Final settlement of an Accelerated Share Repurchase (ASR) arrangement, which the Company initiated during the first quarter of 2022 occurred in early June. As a result, the Company recorded the repurchase of $2.6 billion worth of its shares through the ASR, reflecting the retirement of 12.5 million shares of common stock at an average price of $211.58. As of the end of the second quarter, the Company had approximately $9.7 billion of remaining capacity under the repurchase program approved by Target's Board of Directors in August 2021.
For the trailing twelve months through second quarter 2022, after-tax return on invested capital (ROIC) was 18.4 percent, compared with 31.7 percent for the trailing twelve months through second quarter 2021. The decrease in ROIC was driven primarily by lower profitability in second quarter 2022. The tables in this release provide additional information about the Company's ROIC calculation.
Webcast Details
Target will webcast its second quarter earnings conference call at 7:00 a.m. CT today. Investors and the media are invited to listen to the meeting at Investors.Target.com (click on link under "Upcoming Events"). A replay of the webcast will be provided when available. The replay number is 1-866-430-8795.
Miscellaneous
Statements in this release regarding second half and full year revenue growth and operating margin rates are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties which could cause the Company's actions to differ materially. The most important risks and uncertainties are described in Item 1A of the Company's Form 10-K for the fiscal year ended January 29, 2022. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statement.
About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. For the latest store count or more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.
TARGET CORPORATION
Reconciliation of Non-GAAP Financial Measures
To provide additional transparency, we have disclosed non-GAAP adjusted diluted earnings per share (Adjusted EPS). This metric excludes certain items presented below. We believe this information is useful in providing period-to-period comparisons of the results of our operations. This measure is not in accordance with, or an alternative to, GAAP. The most comparable GAAP measure is diluted earnings per share. Adjusted EPS should not be considered in isolation or as a substitution for analysis of our results as reported in accordance with GAAP. Other companies may calculate Adjusted EPS differently, limiting the usefulness of the measure for comparisons with other companies.
Earnings before interest expense and income taxes (EBIT) and earnings before interest expense, income taxes, depreciation and amortization (EBITDA) are non-GAAP financial measures. We believe these measures provide meaningful information about our operational efficiency compared with our competitors by excluding the impact of differences in tax jurisdictions and structures, debt levels, and, for EBITDA, capital investment. These measures are not in accordance with, or an alternative to, GAAP. The most comparable GAAP measure is net earnings. EBIT and EBITDA should not be considered in isolation or as a substitution for analysis of our results as reported in accordance with GAAP. Other companies may calculate EBIT and EBITDA differently, limiting the usefulness of the measures for comparisons with other companies.
We have also disclosed after-tax ROIC, which is a ratio based on GAAP information, with the exception of the add-back of operating lease interest to operating income. We believe this metric is useful in assessing the effectiveness of our capital allocation over time. Other companies may calculate ROIC differently, limiting the usefulness of the measure for comparisons with other companies.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.whsv.com/prnewswire/2022/08/17/target-corporation-reports-second-quarter-earnings/ | 2022-08-17T12:11:57Z |
SHENZHEN, China, Aug. 17, 2022 /PRNewswire/ -- TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced that its common stock is expected to begin trading when the markets open on a reverse stock split-adjusted basis on August 17, 2022 under the existing trading symbol "GLG."
The reverse stock split is primarily intended to bring the Company into compliance with the minimum bid price requirements for maintaining its listing on the Nasdaq Capital Market. The new CUSIP number following the reverse stock split will be 87250W202.
As a result of the reverse stock split, every five shares of the Company's common stock issued and outstanding will be automatically reclassified into one new share of common stock. The reverse stock split will not modify any rights or preferences of the shares of the company's common stock. No fractional shares will be issued because of the reverse stock split. Instead, any fractional shares that would have resulted from the reverse split will be rounded up to the next whole number.
Additional information about the reverse stock split can be found in the company's definitive proxy statement filed with the Securities and Exchange Commission (the "SEC") on August 1, 2022, which is available free of charge at the SEC's website, www.sec.gov.
About TD Holdings, Inc.
TD Holdings, Inc. is a service provider currently engaging in commodities trading business and supply chain service business in China. Its commodities trading business primarily involves purchasing non-ferrous metal product from upstream metal and mineral suppliers and then selling to downstream customers. Its supply chain service business primarily has served as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading. For more information, please visit http://ir.tdglg.com.
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of TD Holdings, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 virus and the impact it will have on the Company's operations, the demand for the Company's products and services, global supply chains and economic activity in general. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Ascent Investor Relations LLC
Ms. Tina Xiao
Email: tina.xiao@ascent-ir.com
Tel: +1 917 609 0333
View original content:
SOURCE TD Holdings, Inc. | https://www.whsv.com/prnewswire/2022/08/17/td-holdings-inc-announces-reverse-stock-split-effective-today/ | 2022-08-17T12:12:04Z |
Adding to 2020 and 2021 placements, freight business processing company DDC FPO is pleased to appear on the Inc. 5000 list of America's fastest-growing private companies for 2022
EVERGREEN, Colo., Aug. 17, 2022 /PRNewswire/ -- Inc. has revealed that DDC Freight Process Outsourcing, or DDC FPO, is once again on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000 list.
"I am so proud of our quality and consistency. Both of which are delivered daily by our unbelievably dedicated staff," said Jan Trevalyan, CEO of The DDC Group and DDC FPO. "This commitment can be seen within every team member at every level of our global organization."
The companies on the 2022 Inc. 5000 have not only been successful but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of COVID-19. With a median growth of 230%, America's top performing private businesses have generated $317.6 billion in total revenue and account for 1,179,282 jobs added.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," explained Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
Trevalyan added, "The consistency in growth and service is what enables our clients and partners to make the easiest decision they'll ever make to work with us. We care."
Well-known for its freight billing programs, DDC FPO has announced several new solutions and capabilities to the marketplace in 2022. These include:
- Customer Care – the company's new customer support and inside sales suite of services
- DDC Sync – the new in-cab mobile app with smart OCR and corresponding web portal product for trucking
- A new multilingual service hub in Serbia for The DDC Group global network under DDC FPO's sister company, DDC Outsourcing Solutions (DDC OS) based in the United Kingdom
The DDC Group currently has operations across North America, Europe, and Asia. This year, DDC FPO's Leyte operation in the Philippines is celebrating its 30th anniversary.
The company does not accept growth without responsibility. As corporate citizenship is a core value and pillar of the entirety of The DDC Group, DDC FPO consciously and actively works to make positive economic, social, and environmental impacts on society. In 2022, DDC FPO participated in initiatives to support St. Christopher Truckers Relief Fund, the Galisteo Basin Preserve, and Transaid, among others.
When asked about the mobilization of DDC's corporate social responsibility commitment, Trevalyan explained: "We encourage our teams to use our CSR as an opportunity to give back to their communities, to do good where they live and work."
"It must be a global effort to make an authentic, tangible impact," he continued. 'We ask our people to choose causes close to their hearts. The power is in their hands to make a difference where it matters most to them."
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
About Inc.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
About DDC Freight Process Outsourcing LLC
DDC FPO is a strategic business process outsourcing (BPO) partner for today's leading transportation and logistics providers that enables clients to focus on core competencies and achieve their goals. As the freight-focused member company of The DDC Group — a worldwide network of BPO companies — DDC FPO serves clients in over 30 languages across North America, the UK, Europe, and Asia-Pacific. Solutions include data-based, goal-driven front and back office programs such as Freight Billing, Customs Brokerage Processing, DDC Sync, and Customer Care, among others. To learn more, visit www.ddcfpo.com.
View original content to download multimedia:
SOURCE DDC FPO LLC | https://www.whsv.com/prnewswire/2022/08/17/third-consecutive-year-ddc-fpo-ranks-inc-5000-annual-list/ | 2022-08-17T12:12:11Z |
- Through collaborations with Le Bonheur Children's Hospital, the Wisconsin Health Information Organization, and Yale University, UCB seeks to further understand the economic and clinical impacts of undertreating seizure clusters and explore drivers of better outcomes
- The impact of seizure clusters on patient and caregiver quality of life is an understudied area of epilepsy research
- The goal of the collaborations is to positively impact patients with unmet needs in uncontrolled epilepsy, including patients in need of rescue therapy
ATLANTA, Aug. 17, 2022 /PRNewswire/ -- UCB today announced three collaborations aimed at examining the impact of seizure clusters on patient and caregiver quality of life. The collaborations with Le Bonheur Children's Hospital, the Wisconsin Health Information Organization (WHIO), and Yale University will uncover and leverage the power of education and real-world evidence (RWE) to address this research gap, expand awareness, and enact positive change in the health outcomes of individuals with seizure clusters.
Seizure clusters are episodes of increased seizure activity, during which two or more seizures occur within a 24-hour period. It is estimated that more than 150,000 people in the U.S. with uncontrolled epilepsy also experience seizure clusters. Due to their unpredictable nature, these disruptive events can leave those living with epilepsy feeling anxious, worried, frustrated, or isolated – further fueling a decline in mental health for this patient population.
"Our real-world evidence and educational collaborations with Le Bonheur Children's Hospital, the Wisconsin Health Information Organization, and Yale University illustrate our desire to meaningfully contribute to how physicians, patients, and the overall care system think about and treat seizure clusters. This includes how we frame and account for the value of treatments within the healthcare ecosystem," said Brad Chapman, Head, U.S. Epilepsy and Rare Syndromes at UCB. "We know that rescue medications that allow adults and adolescents to get back to their daily activities quickly is especially important, whether it's in the classroom or in day-to-day life, and we are committed to delivering solutions that further this ambition."
The project with Le Bonheur Children's Hospital focuses on improving the lived epilepsy patient experience by developing resources designed specifically for patients and caregivers that address the importance of the proper use of rescue medications outside the hospital. This "Ask the Experts" project seeks to combat identified gaps in patient and caregiver education and information as it relates to epilepsy and more specifically seizure clusters through the development of an educational resource and a video.
"We know most seizure clusters happen at home or during other daily activities; treating seizure clusters where and when they happen is critical for better patient outcomes," said Dr. James Wheless, BScPharm, MD, FAAP, FAAN, FAES, Co-Director of the Neuroscience Institute, Le Bonheur Children's Hospital. "As school starts and with COVID-19 still a medical concern, it's of the utmost importance that we prepare students to successfully start their school year with a seizure action plan and appropriate rescue medications so they can prepare their teachers and school nurses to act when the cluster starts."
The collaboration with WHIO aims to understand the economic and clinical impact of undertreating seizure clusters and to explore drivers of better outcomes. This project will analyze retrospective claims at a state level to examine prescribing trends, healthcare utilization, costs, access barriers, and disease prevalence.
Dr. George Morris, MD, MPH, FAAN, FAES, epileptologist in the Milwaukee-area, and valued partner in the WHIO Project, explains, "Epilepsy's impact on a person's health and their quality of life is significantly affected by seizure clusters. The health risk from aspiration and terrifying experience of the patient, family, and friends is unique to epilepsy. This project uses a unique data source to see the comprehensive effects across nearly all Wisconsin patients. We are excited to know what factors may help reduce seizure clusters to inform providers and patients about best practices."
The Yale University Project, Reduction of Seizures through Education and Support (ROSES), aims to increase understanding of seizure cluster management, to contribute new insights to clinical management and patient-centric care, and improve overall epilepsy quality care. Specifically, this study is designed to assess the impact of seizure rescue medications, treatment patterns, healthcare resource utilization, clinic quality improvement tools (i.e., Seizure Action Plans), and the patient/caregiver experience.
About Epilepsy1-4
Epilepsy is a chronic neurological disorder of the brain. It is the fourth most common neurological condition worldwide and affects approximately 65 million people. In the U.S. more than 3.4 million people have epilepsy. Anyone can develop epilepsy; it occurs across all ages, races and genders, and is defined as one or more unprovoked seizures with a risk of further seizures.
About Seizure Clusters5-10
Of the one third of patients living with uncontrolled epilepsy, it is estimated that more than 150,000 people in the U.S. with refractory epilepsy also experience seizure clusters. Seizure clusters are broadly defined as acute episodes of consecutive seizures that occur within a short period of time with a patient regaining consciousness during the interictal period. These clusters are also distinguishable from a person's typical seizure pattern. Other names for seizure clusters include acute-repetitive seizures (ARS), serial seizures, crescendo seizures, and seizure flurries, which highlight the repetitive nature of the seizures. Seizure clusters are a form of seizure emergency that can evolve into prolonged seizures or status epilepticus.
About UCB in Epilepsy
UCB has a rich heritage in epilepsy with over 20 years of experience in the research and development of anti-epileptic drugs. As a company with a long-term commitment to epilepsy research, our goal is to address unmet medical needs. Our scientists are proud to contribute to advances in the understanding of epilepsy and its treatment. We partner and create super-networks with world-leading scientists and clinicians in academic institutions, pharmaceutical companies, and other organizations who share our goals. At UCB, we are inspired by patients, and driven by science in our commitment to support patients with epilepsy.
For further information, contact UCB:
UCB Communications
Erica Puntel
U.S. Communications Lead - Neurology, UCB
Global Communications Lead – Digital Business Transformation, UCB
T 404.938.5359, erica.puntel@ucb.com
Investor Relations
Antje Witte
Investor Relations, UCB
T +32.2.559.94.14, antje.witte@ucb.com
About UCB
UCB, Brussels, Belgium (www.ucb.com) is a global biopharmaceutical company focused on the discovery and development of innovative medicines and solutions to transform the lives of people living with severe diseases of the immune system or of the central nervous system. With approximately 8,600 people in approximately 40 countries, the company generated revenue of €5.8 billion in 2021. UCB is listed on Euronext Brussels (symbol: UCB). Follow us on Twitter: @UCBUSA.
Forward looking statements
This press release may contain forward-looking statements including, without limitation, statements containing the words "believes", "anticipates", "expects", "intends", "plans", "seeks", "estimates", "may", "will", "continue" and similar expressions. These forward-looking statements are based on current plans, estimates and beliefs of management. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements, including estimates of revenues, operating margins, capital expenditures, cash, other financial information, expected legal, arbitration, political, regulatory or clinical results or practices and other such estimates and results. By their nature, such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions which might cause the actual results, financial condition, performance or achievements of UCB, or industry results, to differ materially from those that may be expressed or implied by such forward-looking statements contained in this press release. Important factors that could result in such differences include: the global spread and impact of COVID-19, changes in general economic, business and competitive conditions, the inability to obtain necessary regulatory approvals or to obtain them on acceptable terms or within expected timing, costs associated with research and development, changes in the prospects for products in the pipeline or under development by UCB, effects of future judicial decisions or governmental investigations, safety, quality, data integrity or manufacturing issues; potential or actual data security and data privacy breaches, or disruptions of our information technology systems, product liability claims, challenges to patent protection for products or product candidates, competition from other products including biosimilars, changes in laws or regulations, exchange rate fluctuations, changes or uncertainties in tax laws or the administration of such laws, and hiring and retention of its employees. There is no guarantee that new product candidates will be discovered or identified in the pipeline, will progress to product approval or that new indications for existing products will be developed and approved. Movement from concept to commercial product is uncertain; preclinical results do not guarantee safety and efficacy of product candidates in humans. So far, the complexity of the human body cannot be reproduced in computer models, cell culture systems or animal models. The length of the timing to complete clinical trials and to get regulatory approval for product marketing has varied in the past and UCB expects similar unpredictability going forward. Products or potential products, which are the subject of partnerships, joint ventures or licensing collaborations may be subject to differences disputes between the partners or may prove to be not as safe, effective or commercially successful as UCB may have believed at the start of such partnership. UCB's efforts to acquire other products or companies and to integrate the operations of such acquired companies may not be as successful as UCB may have believed at the moment of acquisition. Also, UCB or others could discover safety, side effects or manufacturing problems with its products and/or devices after they are marketed. The discovery of significant problems with a product similar to one of UCB's products that implicate an entire class of products may have a material adverse effect on sales of the entire class of affected products. Moreover, sales may be impacted by international and domestic trends toward managed care and health care cost containment, including pricing pressure, political and public scrutiny, customer and prescriber patterns or practices, and the reimbursement policies imposed by third-party payers as well as legislation affecting biopharmaceutical pricing and reimbursement activities and outcomes. Finally, a breakdown, cyberattack or information security breach could compromise the confidentiality, integrity and availability of UCB's data and systems.
Given these uncertainties, you should not place undue reliance on any of such forward-looking statements. There can be no guarantee that the investigational or approved products described in this press release will be submitted or approved for sale or for any additional indications or labelling in any market, or at any particular time, nor can there be any guarantee that such products will be or will continue to be commercially successful in the future.
UCB is providing this information, including forward-looking statements, only as of the date of this press release and it does not reflect any potential impact from the evolving COVID-19 pandemic, unless indicated otherwise. UCB is following the worldwide developments diligently to assess the financial significance of this pandemic to UCB. UCB expressly disclaims any duty to update any information contained in this press release, either to confirm the actual results or to report or reflect any change in its forward-looking statements with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless such statement is required pursuant to applicable laws and regulations.
Additionally, information contained in this document shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.
References
- Centers for Disease Control and Prevention. Available at https://www.cdc.gov/epilepsy/basics/fast-facts.htm. Accessed 30 June 2022.
- The Epilepsy Foundation of America. About epilepsy basics. http://www.epilepsy.com/learn/about-epilepsy-basics. Accessed 30 June 2022.
- The Epilepsy Foundation of America. What is epilepsy? http://www.epilepsy.com/learn/epilepsy-101/what-epilepsy. Accessed 30 June 2022.
- The Epilepsy Foundation of America. Who gets epilepsy? http://www.epilepsy.com/learn/epilepsy-101/who-gets-epilepsy. Accessed 30 June 2022.
- Zack M, R Kobau. National and State Estimates of the Numbers of Adults and Children with Active Epilepsy. CDC MMWR. 2017. 66:821-825.
- Kwan P, M Brodie. Early Identification of Refractory Epilepsy. NEJM. 2005. 342:314-319.
- Chen B, Choi H, Hirsch L, et al. Prevalence and risk factors of seizure clusters in adult patients with epilepsy. Epilepsy Res. 2017;133:98-102.
- Penovich PE, Buelow J, Steinberg, et al. Burden of seizure clusters on patients with epilepsy and caregivers survey of patient, caregiver, and clinician perspectives. The Neurologist. 2017;22:207–214.
- The Epilepsy Foundation of America. Seizure Clusters. https://www.epilepsy.com/learn/challenges-epilepsy/seizure-emergencies/seizure-clusters. Accessed 30 June 2022.
- Jafarpour S, Hirsch LJ, Gaínza-Leina M, et al. Seizure cluster: Definition, prevalence, consequences, and management. Seizure. 68:9-15.2019.
View original content to download multimedia:
SOURCE UCB, Inc. | https://www.whsv.com/prnewswire/2022/08/17/ucb-partners-health-economics-outcomes-research-evolve-solutions-seizure-clusters/ | 2022-08-17T12:12:17Z |
- EY analysis shows how harsh lessons from the shale boom era have set the path for producers in the decarbonization era.
- 43 of 50 companies in the study report at least one scope of emissions, 33% of those companies report Scope 1 and 2, and at least one category of Scope 3 emissions.
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- US oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, with significant deal activity that drove $144.1 billion in capital expenditures (capex), according to the EY US oil and gas reserves, production and ESG benchmarking study. The study documents how the industry's 50 largest publicly traded exploration and production (E&P) companies (based on year-end 2021 US oil and gas reserves) responded to higher commodity prices in 2021 with an analysis of reserve and production information, as well as their environmental, social and governance (ESG) disclosures.
Higher commodity prices and increased pressure from investors for returns led independents to increase their share repurchases and dividend payments by 122% from $8.1 billion in 2020 to $18.1 billion in 2021. This trend in capital allocation was reinforced when reviewing development and exploration costs, which, as a percentage of netback (revenues less production costs), decreased from 64% in 2020 to 32% in 2021, according to the study. The integrated oil and gas companies (integrateds) in the study acted similarly, while also demonstrating a focus on decarbonization via their asset strategy, shifting assets to the larger independents.
"The resilience of the oil and gas sector is being tested — from economic and geopolitical uncertainty to access to capital and climate change. However, our historical studies show that E&P companies have learned significant lessons about operational excellence and capital discipline that will serve them well now and in the future," said Herb Listen, EY Americas Energy and Resources Assurance Leader. "The price improvement during 2021 enabled E&P companies to turn the corner toward significant cash flow, but the majority of companies tempered drilling activity, choosing instead to focus their capital allocation strategy on returning capital to investors and optimizing portfolios."
Oil and gas production remained materially flat year over year, growing to its highest level in the study period to 3 billion barrels and 13.9 trillion cubic feet (tcf) in 2021. Production costs per barrel of oil equivalent increased slightly (15%) due to higher commodity prices that impact production taxes and potential cost inflation. The companies in the study reported combined oil reserves of 31.8 billion barrels and combined gas reserves of 188.6 tcf, a 21% and 27% increase, respectively, compared with 2020. The increases were primarily driven by purchases of 3.5 billion barrels and the 4.6 billion barrels of extensions and discoveries in oil reserves, as well as 24.2 tcf of extensions in discoveries in natural gas reserves.
Record year for reserve acquisition with large independents as the biggest buyers
Nearing pre-pandemic levels, capex in 2021 totaled $144.1 billion, 136% higher than 2020. According to the study, 2021 was a record year for reserve acquisition, representing approximately $94 billion, or 65%, of total capex compared with development spending, which was at its lowest amount in the five-year study period at $41.7 billion. The integrateds decreased year-over-year development expenditures by about 25%, whereas the independents increased by about 14%.
"The energy transition and focus on managing emissions have caused oil and gas companies to rethink their portfolios," said David Johnston, EY US-West Region Strategy and Transactions Energy Leader. "The diversity of opinion about the future of oil and gas is evident by the three divergent strategies that are emerging. Working to rebalance their portfolio toward lower-carbon businesses, the integrated companies were big sellers, while smaller independents sold assets due to pressures from capital providers. The buyers have been the large independents looking for value and doubling down on the reality that oil and gas will be needed for decades to come."
ESG: moving from a compliance exercise to a catalyst for innovation
The study found that ESG matters remain high on the minds of management teams of the companies studied. Increasing six percentage points from 2020, 82% of all companies in the study published a sustainability or ESG report. Thirteen companies obtained third-party assurance of their reported ESG metrics, with only two of those companies obtaining reasonable assurance. Further, 43 of the companies reported at least one scope of greenhouse gas emissions, with 33% of those companies reporting at least one category of Scope 3 emissions in addition to their Scopes 1 and 2 emissions.
"More oil and gas companies will begin to embrace ESG and sustainability as a catalyst to innovation throughout their strategy and in operations, rather than view it merely as a compliance exercise," said Pat Jelinek, EY Americas Oil and Gas Leader. "While the approach companies take will look different, the intersection of digital technology and sustainability provides a tangible path to drive strategy and support ongoing resilience."
About the study
The EY US oil and gas reserves, production and ESG benchmarking study is a compilation and analysis of US oil and gas reserve and production information reported by publicly traded companies to the Securities and Exchange Commission and an analysis of certain publicly reported ESG disclosures, as applicable. It presents results for the five-year period from 2017 to 2021 for the 50 largest companies based on 2021 end-of-year US oil and gas reserve estimates.
EY | Building a better working world
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
This news release has been issued by Ernst & Young LLP, an EY member firm serving clients in the US.
View original content to download multimedia:
SOURCE EY | https://www.whsv.com/prnewswire/2022/08/17/us-oil-gas-independents-seek-investor-favor-return-181-billion-shareholders-2021/ | 2022-08-17T12:12:24Z |
LOUISVILLE, Ky., Aug. 17, 2022 /PRNewswire/ -- V-Soft Consulting announced its elevation to ServiceNow Elite Partner status, placing the company among the top performing ServiceNow partners in the industry. V-Soft's ServiceNow practice operates under the V-Soft Digital brand, the innovation arm of V-Soft Consulting.
"We've been working hard to build a base of client success and develop a world class team of consultants across the ServiceNow platform for three years, first attaining Premier status, now demonstrating our success as Elite," stated Leslie June, VP – ServiceNow Customer Experience at V-Soft Digital. "We are committed to continuing to apply our professional expertise to bring value to our clients."
The Elite Partner status is awarded to organizations that demonstrate expertise in five or more ServiceNow products across IT, employee experience, and customer service workflows. As a ServiceNow Elite Partner, V-Soft Digital helps their clients achieve digital transformation through ServiceNow's suite of industry-leading products, such as ITSM, ITOM, ITAM, SPM, CSM, GRC, SecOps, HRSD, and MSP offerings.
David Roy, V-Soft Digital's VP – ServiceNow Delivery Excellence, said, "An increase in our sales accreditations and certification requirements will ensure our teams will have the latest ServiceNow release updates to help guide our customers on their ServiceNow investments."
This recognition by ServiceNow has reinvigorated V-Soft Digital's dedication to further excel in the ServiceNow ecosystem and provide clients with tailored solutions, including consulting, implementation, managed services, hosting, specialized staffing and 24x7x365 support. With plans to extend operations to more locations, V-Soft Digital is confident they will achieve the next milestone as a ServiceNow Global Elite Partner.
"Our next goal is to become a distinguished Global Elite Partner of ServiceNow," said June. "This means continuing to grow our professional services and bring our expertise to more clients around the globe, strategizing with our clients and ServiceNow to leverage the power of the platform in the most effective ways to make and sustain our clients as leaders in their industries."
Visit us here to learn more about V-Soft's ServiceNow capabilities and offerings.
V-Soft Consulting, founded in 1997, is a Minority-Owned Business Enterprise (MBE) and Woman-Owned Business Enterprise (WBE). V-Soft is an award-winning IT consulting firm headquartered in Louisville, Kentucky. As a trusted partner of industry leading companies, V-Soft has over 20 years of experience in delivering innovative technology solutions for today's complex business challenges to include information technology (IT) business solutions, managed services, engineering, and IT staffing across North America and internationally.
V-Soft's ServiceNow Practice operates under the V-Soft Digital brand, the innovation arm of V-Soft Consulting.
Michael Ross, Chief Marketing Officer, mross@vsoftconsulting.com, direct (502) 242-1670
Kasey Tyring, Marketing Coordinator, ktyring@vsoftconsulting.com, direct (502) 242-1667
View original content to download multimedia:
SOURCE V-Soft Consulting | https://www.whsv.com/prnewswire/2022/08/17/v-soft-consulting-awarded-servicenow-elite-partner-status/ | 2022-08-17T12:12:31Z |
LONDON, ON, Aug. 17, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will release its third quarter 2022 financial results and host an earnings conference call on Wednesday, August 31, 2022.
Financial results are expected to be released at approximately 7:00 a.m. (EDT). The conference call is scheduled for 9:00 a.m. (EDT) and is expected to last approximately 60 minutes. The call and webcast will feature a presentation by David Taylor, President & CEO, and other VersaBank executives, on the Bank's third quarter financial results, followed by a question and answer period.
The presentation material referenced during the call will be available on the Bank's website (www.versabank.com), SEDAR (www.sedar.com) and EDGAR (https://www.sec.gov/edgar). The audio conference line will be available at: 416-764-8659 or 1-888-664-6392 (toll free).
Webcast Access: For those preferring to listen to the conference call via the Internet, a webcast of Mr. Taylor's presentation will be available at: https://app.webinar.net/aZgOrVWj5yv or on the Bank's web site.
The archived webcast presentation will be available for 90 days following the live event at https://app.webinar.net/aZgOrVWj5yv and on the Bank's web site. Replay of the teleconference will be available until September 30, 2022 by calling 416-764-8677 or 1-888-390-0541 (toll free), passcode: 092643#
VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world's first fully digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established wholly owned, Washington, DC-based subsidiary, DRT Cyber Inc. to pursue significant large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.
VersaBank's Common Shares trade on the Toronto Stock Exchange ("TSX") and Nasdaq under the symbol VBNK. Its Series 1 Preferred Shares trade on the TSX under the symbol VBNK.PR.A.
Visit our website at: www.versabank.com
Follow VersaBank on Facebook, Instagram, LinkedIn and Twitter.
View original content to download multimedia:
SOURCE VersaBank | https://www.whsv.com/prnewswire/2022/08/17/versabank-announce-third-quarter-2022-financial-results-august-31-2022/ | 2022-08-17T12:12:37Z |
ST. LOUIS, Aug. 17, 2022 /PRNewswire/ -- Whistle, the leading Employee Loyalty platform, announced today the launch of Whistle Payments, a patent pending technology giving people managers a new set of tools to manage employee payments and budgets, while eliminating the hidden fees and waste in the current gift card and incentive payment industry.
"In a hyper competitive work environment, companies are looking for new ways to improve Employee Loyalty. Giving managers an easy way to buy a remote team member lunch, set up a recurring wellness budget, or just send an ad-hoc bonus payment when someone is going through a stressful experience – these are all powerful mechanisms to help people feel more engaged in their work experience, "said Drew Carter, CEO and Co-founder of Whistle. "This is a win for employees and businesses alike because it makes the administration of employee budgets for meals, travel, bonuses, and wellness programs easy to manage, saving both time and money."
Whistle payment accounts can be set up in minutes allowing people managers to immediately start having impact with their teams. Whistle payments makes it easy to:
- Instantly send payments to employees through virtual and physical cards that integrate seamlessly with mobile wallets.
- Set up recurring employee budgets to support individual needs for wellness, learning and other employee programs.
- Create temporary budgets for travel or ad-hoc expenses that can only be used for appropriate spending categories.
- Analyze spending data to gain new insights to drive better business outcomes.
- Integrate incentive payments with other employee programs like learning, social advocacy or culture building.
- Reduce administrative and accounting headaches through an intuitive and easy-to-manage platform.
- Send payments through existing company communication tools like Microsoft Teams and Slack
"Companies are struggling with employee loyalty and Whistle Payments is one of the tools we have built that can immediately impact business outcomes such as retention," said Andrew Hrdlicka Whistle Payments Lead and company co-founder. "It's pretty clear from our research that current tools and traditional engagement strategies are not working – in part because most companies are all using the same outdated tools. Whistle is a modern tool for modern times."
Over the past few months several Whistle clients started pilots with Whistle Payments, including Room Ready, a leading AV technology and services company who gave 100 people in the organization $100 each to donate to their favorite not-for-profit so each employee could impact the cause they care most about. "Instead of a big check for one organization, our company contributed to 53 different organizations across the region. And because we have real time access to the spending data, we are aligning more of our community giving efforts to support what our employees care most about." Said Aaron McArdle, CEO of Room Ready "In a matter of days Whistle has transformed how we think about supporting our employees and community. It's a win for our employees, company and community."
Whistle Payments is already attracting media attention and was recently named by CIO Review as one of the 10 most promising payment solution providers of 2022.
For more information about Whistle and how companies are using Employee Payments, go to www.wewhistle.com or contact media@wewhistle.com. Sign up for free at app.wewhistle.com/setup.
Whistle helps companies create Employee Loyalty. From better onboarding to employee payments, remote team engagement to learning experiences - the Whistle platform integrates the key elements that create Employee Loyalty and better business outcomes.
Simple. Easy. Just Whistle.
View original content to download multimedia:
SOURCE Whistle | https://www.whsv.com/prnewswire/2022/08/17/whistle-transforms-employee-payments-budgets-with-launch-new-product/ | 2022-08-17T12:12:44Z |
HANGZHOU, China, Aug. 17, 2022 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it plans to release its second quarter 2022 financial results before the market opens on Thursday, August 25, 2022. The earnings release will be available on the Company's investor relations website at https://investor.yunjiglobal.com/.
The Company will hold a conference call on Thursday, August 25, 2022 at 7:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time to discuss its earnings. Listeners may access the call by dialing the following numbers:
The replay will be accessible through September 1, 2022 by dialing the following numbers:
A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://investor.yunjiglobal.com/.
About Yunji Inc.
Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company's e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices.
For more information, please visit https://investor.yunjiglobal.com/
Investor Relations Contact
Yunji Inc.
Investor Relations
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957
ICR, LLC.
Robin Yang
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957
View original content:
SOURCE Yunji Inc. | https://www.whsv.com/prnewswire/2022/08/17/yunji-report-second-quarter-2022-financial-results-august-25-2022/ | 2022-08-17T12:12:50Z |
Recorded Q2 2022 Net Income of $1.34 Billion; Continued to Deliver Very Strong Operating Margins
Reaffirmed 2022 Full Year Guidance: Expect to Generate Record Adjusted EBITDA[1] of $7.8-$8.2 Billion and Adjusted EBIT of $6.3-$6.7 Billion
Increased Quarterly Dividend Payout to 30% of Net Income; Declared Q2 2022 Dividend of Approximately $571 million, or of $4.75 per Share
HAIFA, Israel, Aug. 17, 2022 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and six months ended June 30, 2022.
Second Quarter 2022 Highlights
- Net income for the second quarter was $1.34 billion (compared to $888 million in the second quarter of 2021), a year-over-year increase of 50%, or $11.07 per diluted share2 (compared to $7.38 in the second quarter of 2021)
- Adjusted EBITDA for the second quarter was $2.10 billion, a year-over-year increase of 57%
- Operating income (EBIT) for the second quarter was $1.76 billion, a year-over-year increase of 52%
- Revenues for the second quarter were $3.43 billion, a year-over-year increase of 44%
- Carried volume in the second quarter was 856 thousand TEUs, a year-over-year decrease of 7%
- Average freight rate per TEU in second quarter was $3,596, a year-over-year increase of 54%
- Net leverage1 ratio of 0.1x at June 30, 2022, compared to 0.0x at December 31, 2021
- Declared dividend of approximately $571 million, or $4.75 per share, representing approximately 30% of second quarter net income and a 10% onetime catch-up from the Q1 2022 net income
Eli Glickman, ZIM President & CEO, stated, "We reported today strong Q2 results, including net profit of $1.34 billion, as well as our best ever first half-year results with standout margins, among the highest of our liner peers. During this period, we maintained our strong execution, agility and commitment to profitable growth as we continue to advance ZIM's position as an innovative digital leader of seaborne transportation. Due to our conviction in ZIM's ability to earn sustainable long-term profits, we are increasing our quarterly dividend payout from 20% to 30% of quarterly net income, allowing shareholders to benefit from our strong results even more directly on a quarterly basis. Importantly, at the same time, we maintain our dividend policy, according to which shareholders may receive up to 50% of annual earnings."
Mr. Glickman added, "Over the past several weeks, we have seen a gradual decline in freight rates, including in the transpacific trades, despite continued port congestion and resilient demand, driven by macroeconomic and geopolitical uncertainties. The dynamic nature of our industry illustrates the importance of staying focused on ZIM's core strategy and key strengths. Our global niche approach is centered on successfully identifying attractive growth opportunities and adjusting our fleet size dependent on changing market conditions. A prime example of this has been the growth in our car carriage activities, growing from one vessel operated 2 years ago to 10 car carriers operated today. We believe that this approach will continue to serve us well as the market is expected to normalize from peak levels."
Mr. Glickman concluded, "Despite the backdrop of various challenges, based on our strong performance in the year to date coupled with spot and contract rates that remain highly profitable, we are reaffirming our 2022 guidance, which would mark another year of record earnings and profitability. Moving forward, we are confident that our differentiated strategy, the proactive steps we have taken to strengthen our commercial offering and secure cost efficient newbuild capacity through multiple chartering agreements, and continued investment in digital initiatives and disruptive technologies, will position ZIM as a top performer in our industry and enable us to deliver long-term value to our shareholders."
Financial and Operating Results for the Second Quarter Ended June 30, 2022
Total revenues were $3.43 billion for the second quarter of 2022, compared to $2.38 billion for the second quarter of 2021, primarily driven by elevated freight rates, offset by slightly lower volumes.
Operating income (EBIT) for the second quarter of 2022 was $1.76 billion, compared to $1.16 billion for the second quarter of 2021, resulting from higher revenues which more than compensated for increased costs, primarily vessel chartering and bunkering costs.
Net income for the second quarter of 2022 was $1.34 billion, compared to $888 million for the second quarter of 2021. Net income for the second quarter of 2022 included a tax expense of $401 million, compared to $224 million for the second quarter of 2021.
Adjusted EBITDA was $2.10 billion for the second quarter of 2022, compared to $1.34 billion for the second quarter of 2021. Adjusted EBIT was $1.76 billion for the second quarter of 2022, compared to $1.16 billion for the second quarter of 2021. Adjusted EBITDA and Adjusted EBIT margins for the second quarter of 2022 were 61% and 51%, respectively. This compares to 56% and 49% for the second quarter of 2021.
Net cash generated from operating activities was $1.71 billion for the second quarter of 2022, compared to $1.18 billion for the second quarter of 2021.
ZIM carried 856 thousand TEUs in the second quarter of 2022, compared to 921 thousand TEUs in the second quarter of 2021. The average freight rate per TEU was $3,596 for the second quarter of 2022, compared to $2,341 for the second quarter of 2021.
Financial and Operating Results for the Six Months Ended June 30, 2022
Total revenues were $7.15 billion for the first half of 2022, compared to $4.13 billion for the first half of 2021, primarily driven by elevated freight rates.
Operating income (EBIT) for the first half of 2022 was $4.01 billion, compared to $1.84 billion for the first half of 2021. Similar to the second quarter, the six-month operating income benefited from the elevated freight rates, the impact of which was partially offset by the increased vessel chartering and bunkering costs.
Net income for the first half of 2022 was $3.05 billion, compared to $1.48 billion for the first half of 2021. Net income for the first half of 2022 included a tax expense of $908 million, compared to $278 million for the first half of 2021.
Adjusted EBITDA was $4.63 billion for the first half of 2022, compared to $2.16 billion for the first half of 2021. Adjusted EBIT was $4.01 billion for the first half of 2022, compared to $1.85 billion for the first half of 2021. Adjusted EBITDA and Adjusted EBIT margins for the first half of 2022 were 65% and 56%, respectively. This compares to 52% and 45% for the first half of 2021.
Net cash generated from operating activities was $3.37 billion for the first half of 2022, compared to $1.96 billion for the first half of 2021.
ZIM carried 1,715 thousand TEUs in the first half of 2022, compared to 1,739 thousand TEUs in the first half of 2021. The average freight rate per TEU was $3,722 for the first half of 2022, compared to $2,145 for the first half of 2021.
Liquidity, Cash Flows and Capital Allocation
ZIM's total cash position (which includes cash and cash equivalents and investments in bank deposits and other investment instruments) increased by $121 million from $3.81 billion as of December 31, 2021 to $3.93 billion at June 30, 2022. Capital expenditures totaled $82 million for the second quarter of 2022, compared with $331 million for the second quarter of 2021. Net debt was $630 million as of June 30, 2022, compared to net cash of $509 million as of December 31, 2021, a change of $1.14 billion. ZIM's net leverage ratio as of June 30, 2022 was 0.1x, compared to 0.0x as of December 31, 2021.
Updated Dividend Policy and Q2-2022 Dividend
Commencing with the dividend for the second quarter of 2022, ZIM intends to distribute a dividend to its shareholders on a quarterly basis at a rate of approximately 30% of the net quarterly income (up from 20% of net income) of each of the first three fiscal quarters of the year. The Company further expects that the cumulative annual dividend amount to be distributed by the Company (including the interim dividends paid on account of the first three fiscal quarters of the year) will total 30-50% of its annual net income. All future dividends are subject to the Company's Board discretion and to the restrictions provided by Israeli law.
In accordance with the Company's updated dividend policy, ZIM's Board of Directors declared a cash dividend of approximately $571 million, or $4.75 per ordinary share, reflecting 30% of second quarter 2022 net income plus a one-time catch up of 10% of Q1 2022 net income. The dividend will be paid on September 8, 2022 to holders of ZIM ordinary shares as of August 29, 2022.
Reaffirmed Full-Year 2022 Guidance
The Company reaffirmed its previously provided guidance for the full-year 2022 and expects to generate Adjusted EBITDA of between $7.8 billion and $8.2 billion and Adjusted EBIT of between $6.3 billion and $6.7 billion.
Collaboration with 2M Alliance Partners
The extension and modification of the Company's operational collaboration agreement with the 2M alliance partners became effective April 2, 2022, and ZIM and the 2M alliance partners began operating their joint services on the Asia – US East Coast (USEC) and Asia – US Gulf Coast (USGC) trades based on a full slot exchange and vessel sharing agreement. Accordingly, ZIM currently operates two out of the six joint Asia to USEC services (ZCP & ZSE) as well as three additional vessels on one of two joint Asia to USGC services (ZGX). Separately, ZIM's slot purchase agreement with the 2M alliance partners on the Asia to Mediterranean and Pacific Northwest trades was terminated and ZIM launched independent services.
Use of Non-IFRS Measures in the Company's 2022 Guidance
A reconciliation of the Company's non-IFRS financial measures included in its full-year 2022 guidance to corresponding IFRS measures is not available on a forward-looking basis. In particular, the Company has not reconciled its Adjusted EBITDA and Adjusted EBIT because the various reconciling items between such non-IFRS financial measures and such corresponding IFRS measures cannot be determined without unreasonable effort due to the uncertainty regarding, and the potential variability of, the future costs and expenses for which the Company adjusts, the effect of which may be significant, and all of which are difficult to predict and are subject to frequent change.
Conference Call Details
Management will host a conference call and webcast (along with a slide presentation) to review the results and provide a corporate update today at 8:00 AM ET.
To access the live conference call by telephone, please dial the following numbers: United States +1-855-265-6958 or +1-718-705-8796; Israel +972-3-721-9662 or UK/international +44-1-212-818-004. The call (and slide presentation) will be available via live webcast through ZIM's website, located at the following link. Following the conclusion of the call, a replay of the conference call will be available on the Company's website.
About ZIM
Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with established operations in approximately 100 countries serving approximately 30,000 customers in over 350 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.
Forward-Looking Statements
The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about the Company, may include projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. These statements are only predictions based on the Company's current expectations and projections about future events or results. There are important factors that could cause the Company's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: market changes in freight, bunker, charter and other rates or prices, new legislation or regulation affecting the Company's operations, new competition and changes in the competitive environment, the outcome of legal proceedings to which the Company is a party, global and/or regional political instability, inflation rate fluctuations, capital markets fluctuations and other risks and uncertainties detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission (SEC), including under the caption "Risk Factors" in its 2021 Annual Report filed with the SEC on March 9, 2022.
Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law.
The Company prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB).
Use of Non-IFRS Financial Measures
The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis. These measures should not be considered in isolation, or as a substitute for operating income, any other performance measures, or cash flow data, which were prepared in accordance with Generally Accepted Accounting Principles as measures of profitability or liquidity. Please note that Adjusted EBITDA does not take into account debt service requirements, or other commitments, including capital expenditures, and therefore, does not necessarily indicate the amounts that may be available for the Company's use. In addition, the non-IFRS financial measures presented by the Company, may not be comparable to similarly titled measures reported by other companies, due to differences in the way these measures are calculated.
Adjusted EBITDA is a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net, income taxes, depreciation and amortization in order to reach EBITDA, and further adjusted to exclude impairment of assets, non-cash charter hire expenses, capital gains (losses) beyond the ordinary course of business and expenses related to legal contingencies.
Adjusted EBIT is a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net and income taxes, in order to reach our results from operating activities, or EBIT, and further adjusted to exclude impairment of assets, non-cash charter hire expenses, capital gains (losses) beyond the ordinary course of business and expenses related to legal contingencies.
Free cash flow is a non-IFRS financial measure which we define as net cash generated from operating activities minus capital expenditures, net.
Net debt is a non-IFRS financial measure which we define as face value of short- and long-term debt, minus cash and cash equivalents, bank deposits and other investment instruments. We refer to this measure as net cash when cash and cash equivalents, bank deposits and other investment instruments exceed the face value of short- and long-term debt.
Net leverage ratio is a non-IFRS financial measure which we define as net debt (see above) divided by Adjusted EBITDA for the last twelve-month period. When our net debt is less than zero, we report the net leverage ratio as zero.
See the reconciliation of net income to Adjusted EBITDA and Adjusted EBIT and net cash generated from operating activities to free cash flow in tables provided below.
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
shats.avner@zim.com
1 See disclosure regarding "Use of Non-IFRS Financial Measures".
2 The number of shares used to calculate the diluted earnings per share is 120,442,213. The number of outstanding shares as of June 30, 2022, was 120,047,393.
View original content:
SOURCE ZIM Integrated Shipping Services Ltd. | https://www.whsv.com/prnewswire/2022/08/17/zim-reports-financial-results-second-quarter-2022/ | 2022-08-17T12:12:56Z |
Updated August 17, 2022 at 6:41 AM ET
SIOUX CITY, Iowa — Large wind turbines have become a common sight in middle America – from Texas up through the Dakotas – but wind power accounts for less than 10% of the nation's electricity generation.
Now, the Inflation Reduction Act that President Biden signed Tuesday extends a tax credit for wind energy production through 2025. That's a welcome move for the wind energy industry because since the 1990s, extending that tax credit has only been temporary leading to major ramp-ups in production followed by abrupt halts. Industry leaders now feel like they can plan long-term.
Wind turbines use large blades to collect the wind's kinetic energy, according to the U.S Energy Information Administration. The large blades are connected to a drive shaft that turns an electric generation and produces energy.
The industry faces new hurdles in ramping up production and Iowa provides a glimpse into the challenges ahead.
It's not unusual to drive in Iowa and suddenly be surrounded by dozens of massive wind turbines twirling in the wind on either side of the interstate. At night, flashing red lights flicker from atop the turbines to alert airplanes and light up the sky. Utility company MidAmerican Energy has plans to build dozens in northwest Iowa's Woodbury County. Some landowners there – like farmer Daniel Hair - showed up at a Board of Supervisors meeting there last week and they weren't happy.
Some landowners don't want wind turbines on their landscape
"I think maybe there's a time and a place for wind but it's not here in this county where all these people live," Hair told NPR after the meeting. "My argument to them is it's not meant to be here in Woodbury county, build elsewhere."
Landowners complained they didn't want the towers on their landscape because all those turbines would alter the way their natural land looks. They were concerned that the flashing lights would keep them up at night and that the money the local county would bring in wasn't worth it. NPR reported earlier this year that there is also a lot of misinformation about health effects of wind turbines that is derailing projects throughout the country.
The supervisors are considering amending an ordinance that would increase the distance between towers from 1,250 feet to 2500 feet. A representative from MidAmerican told the board that wind energy is not experimental and has a long track record of success in Iowa. They say the longer distance would severely hinder the wind farm because it means neighbors could dictate prohibit these large clusters of wind turbines.
"A 2,500 foot setback would allow someone a half mile away to prohibit what a landlord owner can use their property for," MidAmerican's Adam Jablonski told the board.
Heather Zichal with the American Clean Power Association says the pros of wind energy outweigh any cons.
Iowa can be a model for the country because 60% of its electricity comes from wind power"
"Wind is a free resource," Zichal says. "It is not subject to the whims of what's happening in Ukraine, or the global commodities, prices for natural gas, farmers and communities are benefiting from the taxes and fees paid to landowners and state and local governments."
Zichal says Iowa can be a model for the rest of the country because a whopping 60% of the state's electricity comes from wind power and it garners bipartisan support. For example, Iowa's Republican U.S. Sen. Chuck Grassley, who's up for re-election this year and voted against the Inflation Reduction Act, is seen as the father of the wind production tax credit. Zichal thinks other states can follow in the Hawkeye state's footsteps.
"I'm confident that we're going to see states across the country replicating and trying to take over the leadership position that Iowa established," Zichal says.
MidAmerican pointed out property owners in Woodbury County would receive between $76 and $96 million over 40 years of the project through payments to farmers and taxes collected by the county.
While some people in this part of the state are resisting plans to expand wind power, others have had turbines on their land for years. Like David Johnson who has four turbines on his farm near the Minnesota border on the other side of the state.
"Oh my gosh, you cannot believe the positive cash flows that that creates," Johnson says. "And minimal impact."
Environmental scientists hope this investment in clean energy will help deter impacts of climate change
Johnson says the regular payments from the turbines allowed his adult son to come back and work on the farm. The industry and environmental groups are banking on landowners like Johnson to allow new turbines.
But there's another challenge across the country. Increasing the storage and transmission lines to pump that energy throughout the country. Kerri Johannsen is with the nonprofit Iowa Environmental Council. She says a new set of transmission lines went up this summer in the Midwest.
"That will greatly enhance the ability of all the states in the region to increase adoption of renewable energy and then to share those renewable energy resources across state lines. If the wind is blowing in western Iowa maybe it's not blowing in western Michigan. There's the ability for Iowa, then to benefit from selling that wind when we have access into Michigan. And then vice versa."
Wherever the wind is blowing, environmental scientists hope this historic investment in clean energy will help steer the country away from the worst impacts of climate change. And that more landowners remain open for these turbines to fill the countryside and provide clean energy.
Copyright 2022 Iowa Public Radio | https://www.wyomingpublicmedia.org/2022-08-15/wind-power-gets-a-boost-from-government-but-it-faces-challenges-from-landowners | 2022-08-17T12:20:46Z |
Under new FDA rules, people with mild or moderate hearing loss will be able to buy hearing aids over the counter without a prescription as soon as mid-October.
Copyright 2022 NPR
Under new FDA rules, people with mild or moderate hearing loss will be able to buy hearing aids over the counter without a prescription as soon as mid-October.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-08-17/americans-will-soon-be-able-to-buy-hearing-aids-without-a-prescription | 2022-08-17T12:20:55Z |
One traveler complained on social media. The woman said she requested a vegan meal ahead of a 10-hour Air Canada flight from Germany to Toronto. She got a bottle of water and a napkin.
Copyright 2022 NPR
One traveler complained on social media. The woman said she requested a vegan meal ahead of a 10-hour Air Canada flight from Germany to Toronto. She got a bottle of water and a napkin.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-08-17/its-hard-being-a-vegan-especially-on-a-long-airline-flight | 2022-08-17T12:20:57Z |
Liz Cheney lost her House seat, but her fight against ex-President Donald Trump continues. A water crisis on the Colorado River is worsening. Millions of children are beginning a new school year.
Copyright 2022 NPR
Liz Cheney lost her House seat, but her fight against ex-President Donald Trump continues. A water crisis on the Colorado River is worsening. Millions of children are beginning a new school year.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-08-17/news-brief-cheneys-political-future-colorado-river-crisis-back-to-school | 2022-08-17T12:20:58Z |
NPR's Steve Inskeep speaks to Allan Lichtman, a professor of history at American University, about Liz Cheney's political career after her Wyoming primary loss, and the political dynasties.
Copyright 2022 NPR
NPR's Steve Inskeep speaks to Allan Lichtman, a professor of history at American University, about Liz Cheney's political career after her Wyoming primary loss, and the political dynasties.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-08-17/the-countrys-polarization-has-made-political-dynasties-irrelevant | 2022-08-17T12:21:05Z |
U.S. midterms bring few changes from social media companies
SAN FRANCISCO (AP) — Social media companies are offering few specifics as they share their plans for safeguarding the U.S. midterm elections.
Platforms like Facebook and Twitter are generally staying the course from the 2020 voting season, which was marred by conspiracies and culminated in the Jan. 6 insurrection at the U.S. Capitol.
Video app TikTok, which has soared in popularity since the last election cycle while also cementing its place as a problem spot for misinformation, announced Wednesday it is launching an election center that will help people find voting locations and candidate information.
The center will show up in the feeds of users who search election-related hashtags. TikTok is also partnering with voting advocacy groups to provide specialized voting information for college students, people who are deaf, military members living overseas and those with past criminal convictions.
TikTok, like other platforms, would not provide details on the number of full-time employees or how much money it is dedicating to U.S. midterm efforts, which aim to push accurate voting information and counter misinformation.
The company said it is working with over a dozen fact-checking organizations, including U.S.-based PolitiFact and Lead Stories, on debunking misinformation. TikTok declined to say how many videos have been fact-checked on its site. The company will use a combination of humans and artificial intelligence to detect and remove threats against election workers as well as voting misinformation.
TikTok said it’s also also watching for influencers who break its rules by accepting money off platform to promote political issues or candidates, a problem that came to light during the 2020 election, said TikTok’s head of safety Eric Han. The company is trying to educate creators and agencies about its rules, which include bans on political advertising.
“With the work we do, there is no finish line,” Han said.
Meta Platforms Inc., which owns Facebook, Instagram and WhatsApp, announced Tuesday that its approach to this election cycle is “largely consistent with the policies and safeguards” from 2020.
“As we did in 2020, we have a dedicated team in place to combat election and voter interference while also helping people get reliable information about when and how to vote,” Nick Clegg, Meta’s president of global affairs, wrote in a blog post Tuesday.
Meta declined to say how many people it has dedicated to its election team responsible for monitoring the midterms, only that it has “hundreds of people across more than 40 teams.”
As in 2020, Clegg wrote, the company will remove misinformation about election dates, voting locations, voter registration and election outcomes. For the first time, Meta said it will also show U.S. election-related notifications in languages other than English.
Meta also said it will reduce how often it uses labels on election-related posts directing people toward reliable information. The company said its users found the labels over-used. Some critics have also said the labels were often too generic and repetitive.
Compared with previous years, though, Meta’s public communication about its response to election misinformation has gone decidedly quiet, The Associated Press reported earlier this month.
Between 2018 and 2020, the company released more than 30 statements that laid out specifics about how it would stifle U.S. election misinformation, prevent foreign adversaries from running ads or posts around the vote and subdue divisive hate speech. Until Tuesday’s blog post, Meta had only released a one-page document outlining plans for the fall elections, even as potential threats to the vote persist.
Twitter, meanwhile, is sticking with its own misinformation labels, though it has redesigned them since 2020 based in part on user feedback. The company activated its “civic integrity policy” last week, which means tweets containing harmful misinformation about the election are labeled with links to credible information. The tweets themselves won’t be promoted or amplified by the platform.
The company, which like TikTok does not allow political advertisements, is focusing on putting verified, reliable information before its users. That can include links to state-specific hubs for local election information as well as nonpartisan public service announcements for voters.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/08/17/us-midterms-bring-few-changes-social-media-companies/ | 2022-08-17T12:44:39Z |
Crawford is co-author of the book, Border Radio: Quacks, Yodelers, Pitchmen, Psychics, and other Amazing Broadcasters of the American Airwaves. It's about the "border blaster" stations that set up across the Mexican border to evade U.S. regulations, and beamed broadcasts into the United States.
It covers the period from the 1930s through the 1960s and included such colorful characters as Wolfman Jack, Rev. Ike, "Dr." J.R. Brinkley, and Pappy O'Daniel.
Copyright 2022 Fresh Air. To see more, visit Fresh Air. | https://www.keranews.org/2005-04-20/writer-bill-crawford-on-border-blasters | 2022-08-17T12:45:51Z |
Holley Watts was one of more than 600 women who went to Vietnam as a hospitality worker for the Red Cross. Her experiences are described in her book, Who Knew? Reflections on Vietnam.
Copyright 2005 NPR
Holley Watts was one of more than 600 women who went to Vietnam as a hospitality worker for the Red Cross. Her experiences are described in her book, Who Knew? Reflections on Vietnam.
Copyright 2005 NPR | https://www.keranews.org/2005-04-29/a-red-cross-workers-war-memories | 2022-08-17T12:45:57Z |
Texas to execute man for slaying of Dallas real estate agent
HOUSTON (AP) — A man who fatally stabbed a real estate agent inside a model home in suburban Dallas faces execution Wednesday evening, more than 16 years after the slaying.
Kosoul Chanthakoummane was on parole when he was condemned for killing 40-year-old Sarah Walker in July 2006. She was found stabbed more than 30 times in the model home in McKinney, about 30 miles (48 km) north of Dallas.
Prosecutors say Chanthakoummane entered the model home and then beat Walker with a wooden plant stand and stabbed her before stealing her Rolex watch and a silver ring, which were never found. DNA evidence showed Chanthakoummane’s blood was found in various places inside the model home, including under Walker’s fingernails.
Walker had been a top-seller for home builder D.R. Horton. She had been recently divorced and had two children.
Chanthakoummane, 41, the son of immigrants from Laos, has acknowledged he was in the model home but said he only went inside to get a drink of water. He had been on parole in Texas after serving time in North Carolina for aggravated kidnapping and robbery.
“I am innocent,” Chanthakoummane said in a letter filed in federal court in March.
His attorneys had asked the Texas Court of Criminal Appeals to stay his execution, challenging the DNA evidence, which was previously described by the appeals court as the “linchpin of the state’s case.” The appeals court this week denied the request. Eric Allen, one of Chanthakoummane’s attorneys, said he hadn’t decided if he would file a final appeal with the U.S. Supreme Court.
His attorneys had argued new science raises the possibility Chanthakoummane’s DNA could have been transferred to Walker’s fingernails without any direct contact between the two.
But authorities say prior DNA testing in his case has failed to clear Chanthakoummane.
“Any belief by Chanthakoummane that further DNA investigation would yield results that will be helpful to his case is a fantasy,” lawyers with the Texas Attorney General’s Office wrote in court documents last month.
On Monday, the Texas Board of Pardons and Paroles declined to grant Chanthakoummane either a 120-day reprieve or a commutation of his death sentence to a lesser penalty.
Chanthakoummane’s attorneys say their concerns about the DNA evidence is part of a pattern by prosecutors of using faulty evidence in the case.
At Chanthakoummane’s trial, a forensic dentist testified the death row inmate was the source of a bite mark on Walker’s neck. Such evidence has since been discredited and in 2016, Texas became the first state to call for banning bite mark analysis in criminal cases.
The two witnesses who said they saw Chanthakoummane near the murder scene were hypnotized by officers with the Texas Department of Public Safety, or DPS, to help identify him.
A 2020 report by the Dallas Morning News found most Texas judges still allow evidence derived from hypnosis despite criticism it can distort memories and lead to wrongful convictions. In January 2021, DPS stopped using hypnosis. Last year, Gov. Greg Abbott vetoed a bill that would have banned people who have been hypnotized from testifying in a criminal trial.
In October 2020, the Texas Court of Criminal Appeals found that while the bitemark testimony would no longer be admissible in court, Chanthakoummane’s attorneys had failed to discredit the hypnosis-related testimony.
The appeals court also found the DNA evidence was still strong.
At his trial, Chanthakoummane’s attorney, Keith Gore, told jurors his client was guilty “and he wanted to rob (Walker), and it didn’t go the right way, and he killed her.”
Walker’s father, Joseph Walker, who died last year, had opposed Chanthakoummane’s execution and had told the Times Union in New York in 2013 he had forgiven his daughter’s killer.
If Chanthakoummane is executed, he would be the second inmate put to death this year in Texas and the ninth in the U.S.
While Texas has been the nation’s busiest capital punishment state, the use of the death penalty in the state has reached near historic lows. Juries have continued to issue fewer death sentences and in the last couple of years most executions have been delayed by the pandemic or by legal questions over what spiritual advisers can do in the death chamber.
___
Follow Juan A. Lozano on Twitter: https://twitter.com/juanlozano70
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/17/texas-execute-man-slaying-dallas-real-estate-agent/ | 2022-08-17T13:04:39Z |
U.S. midterms bring few changes from social media companies
SAN FRANCISCO (AP) — Social media companies are offering few specifics as they share their plans for safeguarding the U.S. midterm elections.
Platforms like Facebook and Twitter are generally staying the course from the 2020 voting season, which was marred by conspiracies and culminated in the Jan. 6 insurrection at the U.S. Capitol.
Video app TikTok, which has soared in popularity since the last election cycle while also cementing its place as a problem spot for misinformation, announced Wednesday it is launching an election center that will help people find voting locations and candidate information.
The center will show up in the feeds of users who search election-related hashtags. TikTok is also partnering with voting advocacy groups to provide specialized voting information for college students, people who are deaf, military members living overseas and those with past criminal convictions.
TikTok, like other platforms, would not provide details on the number of full-time employees or how much money it is dedicating to U.S. midterm efforts, which aim to push accurate voting information and counter misinformation.
The company said it is working with over a dozen fact-checking organizations, including U.S.-based PolitiFact and Lead Stories, on debunking misinformation. TikTok declined to say how many videos have been fact-checked on its site. The company will use a combination of humans and artificial intelligence to detect and remove threats against election workers as well as voting misinformation.
TikTok said it’s also also watching for influencers who break its rules by accepting money off platform to promote political issues or candidates, a problem that came to light during the 2020 election, said TikTok’s head of safety Eric Han. The company is trying to educate creators and agencies about its rules, which include bans on political advertising.
“With the work we do, there is no finish line,” Han said.
Meta Platforms Inc., which owns Facebook, Instagram and WhatsApp, announced Tuesday that its approach to this election cycle is “largely consistent with the policies and safeguards” from 2020.
“As we did in 2020, we have a dedicated team in place to combat election and voter interference while also helping people get reliable information about when and how to vote,” Nick Clegg, Meta’s president of global affairs, wrote in a blog post Tuesday.
Meta declined to say how many people it has dedicated to its election team responsible for monitoring the midterms, only that it has “hundreds of people across more than 40 teams.”
As in 2020, Clegg wrote, the company will remove misinformation about election dates, voting locations, voter registration and election outcomes. For the first time, Meta said it will also show U.S. election-related notifications in languages other than English.
Meta also said it will reduce how often it uses labels on election-related posts directing people toward reliable information. The company said its users found the labels over-used. Some critics have also said the labels were often too generic and repetitive.
Compared with previous years, though, Meta’s public communication about its response to election misinformation has gone decidedly quiet, The Associated Press reported earlier this month.
Between 2018 and 2020, the company released more than 30 statements that laid out specifics about how it would stifle U.S. election misinformation, prevent foreign adversaries from running ads or posts around the vote and subdue divisive hate speech. Until Tuesday’s blog post, Meta had only released a one-page document outlining plans for the fall elections, even as potential threats to the vote persist.
Twitter, meanwhile, is sticking with its own misinformation labels, though it has redesigned them since 2020 based in part on user feedback. The company activated its “civic integrity policy” last week, which means tweets containing harmful misinformation about the election are labeled with links to credible information. The tweets themselves won’t be promoted or amplified by the platform.
The company, which like TikTok does not allow political advertisements, is focusing on putting verified, reliable information before its users. That can include links to state-specific hubs for local election information as well as nonpartisan public service announcements for voters.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/17/us-midterms-bring-few-changes-social-media-companies/ | 2022-08-17T13:04:46Z |
Updated August 17, 2022 at 8:45 AM ET
Wyoming Republican Rep. Liz Cheney is laying out her future political plans, including a possible run against Donald Trump in 2024, after conceding defeat in the primary election for her House seat. Her loss on Tuesday followed unyielding criticism since the Jan. 6 attack on the Capitol of the former president and his efforts to subvert the 2020 election.
"This primary election is over, but now the real work begins," Cheney said in her concession speech Tuesday night, noting that she had called opponent Harriet Hageman to congratulate her.
Cheney acknowledged in a Wednesday interview on NBC's Today she was "thinking" about running for president in 2024.
For her 2022 House race, Cheney raised $14 million, a record for any primary in Wyoming's history, and she spent about half of it. The vast majority of donations came from out of state, and she has built up a network she could tap into in the future. Cheney plans to transform her campaign operation into a political action committee called The Great Task, according to a filing with the Federal Election Commission.
"In coming weeks, Liz will be launching an organization to educate the American people about the ongoing threat to our Republic, and to mobilize a unified effort to oppose any Donald Trump campaign for president," said Cheney spokesman Jeremy Adler, as first reported by Politico.
In the interview on Wednesday, she called Trump a "grave threat" and said, "I think that defeating him is going to require a broad and united front of Democrats, Republicans and independents, and that's what I intend to be part of."
Cheney didn't say whether she would run as a Republican or an independent, but said the GOP is "in very bad shape" and said it "could take several election cycles" to return it to its principles. But she said it was important for the country that the Republican Party return to its roots, instead of being focused on Trump.
It was an expected outcome for Cheney, who went from party star and heir to a conservative dynasty to a political outcast — marked by the moment she chose to break with the former president following his role in fomenting a mob to attack the U.S. Capitol on Jan. 6.
Cheney addressed supporters on Tuesday night in Jackson Hole, near her home, repeating her vow to do whatever she can to stop Trump from returning to the White House and warning against candidates for other offices willing to ignore the will of voters.
"Our nation is barreling once again toward crisis, lawlessness and violence," Cheney said. "No American should support election deniers for any position of genuine responsibility."
Hageman argued that Cheney was out of step with the state.
"By our vote today, Wyoming has put the elites on notice: We are no longer going to tolerate representatives who don't represent us," Hageman said in her victory speech.
Hageman, an attorney endorsed by Trump who once was a Cheney supporter, took a vast lead over the incumbent. In a state that gave Donald Trump his biggest victory in 2020, Hageman is on a glide path to win the seat outright against Democratic opponent Lynnette GreyBull in November.
When Liz Cheney chose to run for reelection to her House seat in 2020 instead of making a bid for an open Senate seat, some Republicans speculated she was charting a path to become the first female Republican speaker of the House.
Cheney's allies assert she could have easily won reelection if she had done what the vast majority of her GOP colleagues in Congress have done — stood in lock step with Trump. Instead, Cheney made the race entirely about her decision to stand up to the former president.
The Trump base is king in GOP primaries
Roughly 70% of Wyoming voted for Trump and Cheney's repudiation of him became the red line for so many GOP voters who enthusiastically backed her not long ago.
Her final campaign ad zeroed in on her argument that Trump's lie about the 2020 election being stolen is "insidious" and damaging to democracy.
Mary Martin, chair of the Teton County Republican Party in Wyoming, supported Cheney in the past, but says Cheney's interaction with voters changed following her sharp break with the former president.
"I have heard personally from folks who were really staunch supporters of Liz Cheney, and contributed lots of money to her in the past, that she's insulted them," Martin said, adding that her rhetoric labeling her constituents, "Just her personal approach to this has alienated and turned people off. She is not the only person in Wyoming that supports the Constitution."
Republican strategist Alice Stewart says Trump's influence was the ultimate factor in this race.
"Without a doubt, again, when we're talking about a primary, the base is king, and right now, the base of the Republican Party supports Donald Trump," she said.
Martin says the race became personal for many: "In Wyoming, trust and loyalty are very high traits. And she has betrayed trust and she's betrayed loyalty. And she has taken a stance that is perceived by some to be arrogant and not acceptable. And that I mean, it comes down to just, in my opinion, January 6th."
Hageman proudly touted Trump's support. He traveled to Casper in May hold a rally for her and labelled Cheney a "RINO" — Republican In Name Only.
While Hageman criss-crossed the state, Cheney held mostly small private campaign events and her aides say security concerns forced a more limited public schedule. Cheney has had a U.S. Capitol Police detail for more than a year due to a steady stream of threats.
Cheney was one of just 10 House Republicans who voted to impeach Trump after the attack on the Capitol on Jan. 6, 2021. With her loss, only two in that group — David Valadao of California and Dan Newhouse of Washington State — will remain on the ballot in November. Three others lost primaries and four chose to retire.
Cheney's future: Jan. 6 investigation and 2024
Cheney's public statements hinted for some time she's focused on the long game. In June, she delivered a blunt broadside at fellow House GOP members still loyal to Trump at the primetime kick off of the public hearings of the House panel probing Jan, 6.
"Tonight, I say this to my Republican colleagues who are defending the indefensible: There will come a day when Donald Trump is gone, but your dishonor will remain," Cheney said.
The panel is still interviewing witnesses and planning more public hearings this fall. It plans to release a report by the end of the year, and Cheney's position as vice chair gives her a national platform for several more months.
Even before the primary vote, Cheney was showing some signs of positioning for a possible 2024 presidential campaign. It's unclear if she would remain a Republican, or consider an independent bid.
In June, she traveled to the Ronald Reagan Library — a stop for GOP presidential hopefuls — and made a speech many viewed as the blueprint for a national campaign. It was a mix of her regular denunciations of Trump, mixed with her political biography. It outlined conservative principles similar to those espoused by her father, former Vice President Dick Cheney: limited government, lower taxes and a strong national defense.
Cheney also made gender a part of her critique about the current leaders in power. She emphasized that many of the key witnesses in the Jan. 6 probe were young women like Cassidy Hutchinson, a former aide to White House chief of staff Mark Meadows, whose dramatic testimony marked a major moment in the investigation. She told the audience at the library, "These days, for the most part, men are running the world, and it is really not going all that well."
Stewart believes, even after she no longer has a seat in Congress, there is a place for Cheney in the GOP. She thinks she could be part of an effort to expand the message beyond the Trump base.
"If she continues to get out there and engage in GOP circles and functions, and continue to remind people about her voting record as a Republican, and about her support for freedom and policies that unite the Republican Party as opposed to grievances that divide us, there's a path for her to stay very relevant in the Republican Party," Stewart said.
Martin agreed that Cheney's Wyoming primary, and her role in the party going forward, would be one that people would talk about for a while: "I know that she's going to go down in history, but I think we are going to have to wait a while to see what the story is of what is said about Liz Cheney in history."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2022-08-16/liz-cheney-is-considering-a-presidential-run-to-stop-trump-after-losing-her-house-seat | 2022-08-17T13:37:09Z |
One traveler complained on social media. The woman said she requested a vegan meal ahead of a 10-hour Air Canada flight from Germany to Toronto. She got a bottle of water and a napkin.
Copyright 2022 NPR
One traveler complained on social media. The woman said she requested a vegan meal ahead of a 10-hour Air Canada flight from Germany to Toronto. She got a bottle of water and a napkin.
Copyright 2022 NPR | https://www.keranews.org/2022-08-17/its-hard-being-a-vegan-especially-on-a-long-airline-flight | 2022-08-17T13:37:11Z |
Liz Cheney lost her House seat, but her fight against ex-President Donald Trump continues. A water crisis on the Colorado River is worsening. Millions of children are beginning a new school year.
Copyright 2022 NPR
Liz Cheney lost her House seat, but her fight against ex-President Donald Trump continues. A water crisis on the Colorado River is worsening. Millions of children are beginning a new school year.
Copyright 2022 NPR | https://www.keranews.org/2022-08-17/news-brief-cheneys-political-future-colorado-river-crisis-back-to-school | 2022-08-17T13:37:12Z |
Tulisoma [pronounced Tuh-LUH-SOH-mah] is Swahili for "we read." The book fair's new program director, Dr. Helen Benjamin, says this time, they're taking it a step further. It'll be 'we read and we write.'
She might have added, we also meet and workshop and trade stories. The primary focus of this, the 17th Tulisoma South Dallas Book Fair is local authors, Texas authors. Friday evening is the celebratory dinner. Saturday at the African-American Museum in Fair Park, 44 authors will be at tables talking to people. In the afternoon, each author will have just 5 minutes to read from his or her book.
"So you get a sampling," Dr. Johnson said. "And then, simultaneously, there will be activities for children and workshops for adults on how to do your own book club. So it's just going to be busy."
Dr. Johnson is also one of the featured authors at the book fair. Along with Jean Nash Johnson, she edited How We Got Over: Growing Up in the Segregated South. The two of them collected the personal accounts of how ordinary Black Americans survived and thrived under Jim Crow in the 1950s and '60s. | https://www.keranews.org/arts-culture/2022-08-17/the-tulisoma-book-fair-brings-44-authors-to-african-american-museum-in-fair-park-saturday | 2022-08-17T13:37:13Z |
Updated August 16, 2022 at 2:16 PM ET
The NBA won't hold any games on November 8 — Election Day for the 2022 midterms — in an effort to focus on encouraging fans to vote.
"The scheduling decision came out of the NBA family's focus on promoting nonpartisan civic engagement and encouraging fans to make a plan to vote during midterm elections," the league said in a tweet.
The NBA says over the next few months, teams will provide information on their state's voting process and voter registration deadlines in order to help fans make a plan to vote.
The announcement was first reported by NBC News.
Additionally, the Monday before Election Day, the league's 30 teams will play in games to promote civic engagement and to also encourage fans and staff to vote this year.
"It's unusual. We don't usually change the schedule for an external event," James Cadogan, the Executive Director of the National Basketball Social Justice Coalition, told NBC. "Voting and Election Day are obviously unique and very important to our democracy."
This isn't the first time the NBA has taken steps to get involved in voter turnout.
In 2020, the league announced it was converting a number of arenas into polling locations for the presidential election. The decision was part of an agreement to resume games after players staged a walkout in response to the shooting of Jacob Blake, a Black man, by a police officer in Kenosha, Wisconsin.
NBA star LeBron James also launched an initiative the same year to protect voting rights.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/sports/2022-08-16/to-encourage-fans-to-vote-the-nba-wont-hold-games-on-election-day | 2022-08-17T13:37:13Z |
Cars have crashed into homeowner’s property about 23 times, he says
SAN JOSE, Calif. (KPIX) - A man in San Jose, California, said his property next to a busy intersection has been hit by vehicles nearly two dozen times over the years.
A lot of people would have moved by now, but the homeowner has held strong for decades.
He said he’s spent thousands of dollars fortifying his property and repairing damages as it occurs.
“Well, the house shakes. First you think it’s an earthquake. You hear the rumbling,” Ray Minter said.
Located across the street from a freeway exit, Minter’s home is an easy target for careless drivers.
He said that his property has been hit about 23 times.
He said since the early 1970s, he’s seen cars miss the street and crash in his front yard.
“Every time we’ve been hit, we’ve been home,” Minter said.
Recently, it’s drivers failing to complete a right turn.
The cost adds up with him having to repair the damage and find new ways to keep cars from his house.
“Four times where they’ve gone as far as the kitchen,” he said.
Thankfully insurance has covered most of the mess created by driver after driver.
Minter installed steel poles on his property line, even if the city advises against it.
He also has a brick wall with cement poles and heavy rocks to try to keep future cars from coming to the house.
”If I don’t have them here, they’re surely going to kill one of us,” Minter said.
Though his house may be closest to the exit, there are also other houses along this street that also have to worry about somebody crashing into their property.
Over the years, Minter has tried talking to city and state agencies, asking his elected officials for help, and looked into getting a lawyer.
He said he thinks preventing cars from attempting a wide turn coming off the freeway would be one way to reduce the crashes and avoid someone getting hurt.
“Take out the center lane. No right-hand turns from the center,” Minter said.
The City of San Jose said it has requested grant money for a project to make changes to the intersection and add a median for this corridor of the street.
If approved, the money to start the project would arrive next summer.
For now, Minter isn’t losing any sleep because he’s used to the crashes.
“I mean, where else can I go? I mean, my neighborhood, nobody bothers you,” he said.
But he’s prepared to wake up to another one in his front yard on any given day.
“You don’t really think about it. I mean, you listen for car wrecks,” Minter said.
Copyright 2022 KPIX via CNN Newsource. All rights reserved. | https://www.whsv.com/2022/08/17/cars-have-crashed-into-homeowners-property-about-23-times-he-says/ | 2022-08-17T13:41:14Z |
Schools face teacher shortage
(CNN) - Students are heading back to school – but not all teachers are.
Some U.S. schools can’t hire enough qualified teachers to fully staff their classrooms.
So many educators have left the profession, it’s causing shortages in some districts.
The education secretary said communities need to take action now.
“We’re at the doorstep of a crisis,” Education Secretary Miguel Cardona said. “If we don’t take it seriously, we’re going to be facing what we were experienced during the omicron spread.”
Some Florida schools are so desperate, the governor wants to recruit military veterans and others who don’t have education degrees.
“We also want to include first responders who have their bachelor’s degree to become teachers,” Florida Gov. Ron DeSantis said.
And it’s not just teachers. Bus drivers can be hard to hire these days.
In a district near Milwaukee, Wisconsin, one principal and athletic director are applying for commercial drivers licenses to help.
“We had to find creative ways to get our athletic teams to events,” said Jeff Behrens, athletic director for Pewaukee Schools.
So why are educators leaving the field? Some experts cite COVID-19, and the federal government has taken action to try to make schools safer.
“We are sending out tens of millions of tests to school districts and Congress … allocated tens of billions of dollars to schools for improving ventilation,” said Dr. Ashish Jha, White House COVID response coordinator.
Others cite diminished control as lesson content becomes politicized.
Education is also a demanding field with comparatively low pay.
Last year, public school teachers made almost 24% less than other college graduates, the Economic Policy Institute said.
“Teachers have to get other jobs. They’re driving Uber on the weekends,” Cardona said.
Some educators said they also feel a lack of respect and appreciation.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.whsv.com/2022/08/17/schools-face-teacher-shortage/ | 2022-08-17T13:41:21Z |
With Three-Year Revenue Growth of 1,564%, 11TEN Innovation Partners is Named to America's Fastest-Growing Private Companies.
ATLANTA, Aug. 17, 2022 /PRNewswire/ -- Inc. revealed that 11TEN Innovation Partners is No. 385 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment - its independent businesses. 11TEN is honored to join the ranks of the impressive companies to achieve this distinction.
Founded in 2017 and based in Atlanta, 11TEN Innovation Partners is an innovation strategy and operations firm focused on the intersection of healthcare and technology. The firm operates an innovation ecosystem with healthcare systems, large organizations, and startups to help bring new ideas, products, and businesses to life. Helping bring collaboration and structure to the uncertain process of innovation is 11TEN's passion.
"11TEN Innovation Partners is committed to driving growth and innovation that leaves a meaningful impact throughout society - and we have been able to do this by building a world-class team and partnering with incredibly forward-thinking healthcare and technology organizations. We are thrilled to be named in the top 10% of this year's Inc. 5000 list amongst so many great companies and look forward to welcoming new partners to our ecosystem who can help further our positive impact" says James Lewis, 11TEN CEO.
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid labor challenges, the ongoing impact of Covid-19, and supply chain back-ups. "The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
In addition to 1,564% revenue growth over the last 3 years, 11TEN Innovation Partners has increased its employee count by 4x while adding a wide range of healthcare systems, health plans, pharma / life science companies, medtech, emerging technology companies, and high-performing start-ups, to their ecosystem.
11TEN is an innovation consulting firm that powers innovation, venture, and strategy for healthcare and technology Fortune 1000 companies. The company is transforming the healthcare innovation space by building collaborative, interdisciplinary partnerships across industries to identify real-world problems and innovate novel solutions that are enabled through an ecosystem approach. 11TEN works closely with organizations like Emory Healthcare, Philips, Stryker, Novo Nordisk, and Verizon to accelerate solutions to market and foster cross-industry partnerships.
The prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
View original content to download multimedia:
SOURCE 11TEN Innovation Partners | https://www.whsv.com/prnewswire/2022/08/17/11ten-innovation-partners-ranks-no-385-2022-inc-5000-list/ | 2022-08-17T13:41:27Z |
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Inc. has revealed that JLE Industries, the fastest-growing, technology-enabled flatbed freight solutions provider in North America, is No. 3543 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses.
"We are honored and proud to be included in the Inc. 5000 for the fourth year running. This acknowledgement of our continued growth and success is a testament to our strategic investment in proprietary technology to support and retain driver talent, embraced company-wide by our dedicated team." said Evan Pohaski, Chief Executive Officer, JLE Industries.
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
About JLE Industries
JLE Industries is one of the fastest-growing logistics companies in the nation. Specializing in Flatbed freight solutions, we represent a unique, technology-enabled investment story that also comes with the benefit of American industrial durability.
Guiding us forward is our vision to establish a dominant and defensible competitive position in North America's expanding $70 billion Flatbed freight market. Our value-creation strategy is to attract and engage the trade-professional Flatbed driver.
Our core tactic is JLE Industries' defensible operating system: DriverOS™. Through cutting-edge data science applications and intelligent automation, DriverOS™ automates the processes of freight acquisition and load planning, while organizing and guiding our team members through the many critical-path workflow activities that exist in asset-based, truckload operations. With a genuine commitment to driver success and tenure, we manage our dispatch operations by exception and decentralize the value decisions of what freight our professional drivers participate in. This alchemy of People, Process and Technology is intended to remove friction across the organization and minimize the unnecessary impact that turnover has on individuals and companies alike.
Learn more at jleindustries.com
Media Contact:
Ariane Wolff
Warner Communications
(978) 729-3542
ariane@warnerpr.com
More about Inc. and the Inc. 5000
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
About Inc.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
View original content to download multimedia:
SOURCE JLE Industries | https://www.whsv.com/prnewswire/2022/08/17/4th-time-jle-industries-appears-inc-5000-ranking-no-3543-with-three-year-revenue-growth-145-percent/ | 2022-08-17T13:41:33Z |
Onboarding Partner The Boeing Company Taps 98point6 to Deliver Virtual Care to Eligible Health Plan Dependents
SEATTLE, Aug. 17, 2022 /PRNewswire/ -- 98point6, the virtual care company offering simple access to exceptional primary care and integrated behavioral health nationwide, today announced the expansion of its behavioral health program to include emotional and mental health support for adolescents. As the initial program partner, The Boeing Company will now offer the 98point6 virtual therapy solution to its eligible U.S.-based employees and retirees' dependents ages 12-17.
Today, nearly one in five children and teens in the U.S. struggle with anxiety, depression, mood swings and self-harm each year. Unfortunately, a significant number of the country's youth still lack access to affordable and quality healthcare. Of those struggling with a mental health issue who do receive treatment, only 7% receive appropriate treatment, according to the American Psychological Association, due in large part to the lack of providers trained to treat this unique age group. The COVID-19 pandemic has only further exacerbated the dire need for accessible services to address this mounting crisis. Among high school students surveyed in 2021, nearly 20% said they'd considered suicide at some point in the last year. An alarming statistic that underscores the expansion of the 98point6 behavioral health program to support adolescent care.
"Mental health is an important part of a child's overall health and well-being," said Jeff White, Director of Global Health and Well Being, Boeing. "As demand for mental health care continues to rise, we looked for opportunities to expand resources for children. Video-based therapy through 98point6 offers a convenient, confidential way to access the support children need."
Boeing offers the program to its eligible health plan dependents who reside in Arizona, California, Illinois, Missouri, South Carolina and Washington state, with plans to expand to other states as licensing requirements are met.
Uniquely positioned to respond to the country's rising mental health crisis, 98point6 launched its behavioral health program in February 2021 for patients 18 years and older. The service provides employers, health plans and health systems access to a single-stop virtual care solution that ensures their members and employees are fully supported on the path to mental health. Through on-demand access to the trusted primary care relationship, 98point6 physicians can identify mental health issues further upstream, before they become more burdensome and costly to patients and providers.
"Today's youth have experienced unprecedented developmental and educational upheaval and political unrest. This makes connecting them to licensed therapists all the more important," said Dr. Mara Kailin, Senior Director of Behavioral Health at 98point6. "Employers, like Boeing, who are offering behavioral health services are helping to reduce stigma, normalize behavioral health mindsets and encourage individuals to seek help sooner."
98point6 welcomes conversations with additional employers interested in tailoring a behavioral health program for their plan dependents. For more information, visit 98point6.com.
About 98point6
98point6 is redefining digital health. Since our 2015 founding, we have been committed to building a path to integrated, optimized care that inspires patient participation and is rewarding for providers. By applying powerful technology to key areas within the point-of-care, we're eliminating traditional barriers to access, precisely automating aspects of the medical encounter, improving rates of clinical adherence to treatment guidelines, and allowing physicians to focus on the most meaningful part of the visit — patient connection. For employers, health plans and health systems, 98point6 increases primary care utilization among those not actively or appropriately engaged in their health, enabling earlier medical intervention, improving productivity, reducing overall cost of care, and improving patient outcomes. To learn more about 98point6, visit www.98point6.com.
CONTACT: Jennifer Lyle, 98point6@finnpartners.com
View original content to download multimedia:
SOURCE 98point6 | https://www.whsv.com/prnewswire/2022/08/17/98point6-expands-behavioral-health-program-address-us-adolescent-mental-health-crisis/ | 2022-08-17T13:41:41Z |
CARSON CITY, Nev., Aug. 17, 2022 /PRNewswire/ -- Lithium-ion batteries have dominated the battery sector for decades. But lately, issues concerning the environment and the need to develop a more sustainable battery cell have encouraged experts to build a better alternative. Lithium Iron Phosphate (LFP), technically known as LiFEPO4, has proved to be a much better option in this regard. LFP battery cells pack many benefits for contemporary campers. A very few camping power supply brands worldwide have adopted LFP. Nevertheless, considering its sustainable benefits, LFP's use will only increase with time.
Camping has become more responsible than ever. Accordingly, modern-day campers demand an efficient yet sustainable camping power supply with a safe camping product for the environment. AceVolt's Campower is precisely the portable power station that serves this need. It features an LFP battery cell that provides better safety against the lithium-ion counterpart, which has been reported to encounter multiple spontaneous combustion incidents.
LFP offers higher stability. Some of the benefits of LFP battery cells include,
- Higher charging and discharging efficiency
- LFP crystal comprises the P-O bond, which provides higher stability and is challenging to decompose
- The battery cells have a longevity higher than their conventional counterparts
- The cells have a higher capacity than ordinary batteries
- LFP batteries have a higher temperature resistance (around 350 to 500 degrees Celsius)
- LiFEPO4 batteries are environment-friendly. They do not consist of heavy and rare metals. They are non-toxic and non-polluting batteries
- LFP batteries do not have a memory effect. It refers to using the battery in the state it is, without requiring to discharge or recharge it
- Additionally, LiFEPO4 is maintenance-friendly. It does not require active maintenance to extend its service life
The above advantages make LiFEPO4 a preferred battery alternative among campers.
As the provider of one of the leading portable power stations in the world, AceVolt, with its product AceVolt Campower, supports the power supply needs of campers. The company has always been responsive toward environmental requirements and has kept innovating camping products that reflect its environment-friendly approach.
LiFEPO4, also termed LFP, are non-toxic, non-polluting, heat-resistant, and efficient batteries that help campers keep up with both their power supply requirements as well as the environment. Additionally, they are low on maintenance and offer a greater extent of stability to ensure operational safety.
AceVolt Power
Website: www.acevolt.com
View original content to download multimedia:
SOURCE AceVolt Power | https://www.whsv.com/prnewswire/2022/08/17/acevolt-campower-embraces-sustainability-with-lfp-battery-cell/ | 2022-08-17T13:41:48Z |
LANSING, Mich., Aug. 17, 2022 /PRNewswire/ -- AF Group, a nationally recognized holding company whose affiliated brands provide specialty and workers' compensation insurance solutions across the United States, has named the recipients of its annual employee and leadership awards. These significant honors recognize individuals who demonstrate outstanding character, leadership and an exceptional commitment to the award-winning People First culture of AF Group and its brands.
The 2022 winners include:
Leader of the Year: Kim Drew, manager of Subrogation, AF Group
Drew joined AF Group in 2013. She was the first member of the Subrogation department and has since built a strong and dynamic team. Under Drew's vision and mentorship, the Subrogation department has helped Claims identify potential recoveries earlier leading to record-high recoveries.
"Kim is an incredible asset to AF Group," said Lisa Corless, president and CEO. "She has built our Subrogation department from the ground up and has been an amazing mentor to her team. Her servant leadership is always on display — and she consistently leads her team in their contributions to the success of our organization."
During her time in Subrogation, Drew has mentored and supported her team to help them achieve their own goals as well as contribute to AF Group's goals.
"Kim is a consummate leader in her dedication to mentoring and building the skills of her team," said Jeff Hertrich, deputy general counsel. "This is reflected in outstanding departmental results that have had a massive impact on our customers by reducing their losses and expenses — all at a previously unmatched pace. This honor is well deserved."
Employee of the Year: Cindy Hall, nurse case manager, AF Group
Hall joined AF Group in 2014. During her eight years with the team, she has demonstrated deep compassion, integrity and empathy for injured workers and providers, as she helps move each claim toward resolution with compassion and reassurance.
"Simply put, Cindy is an exceptional nurse, teammate and friend to all she works with," said Corless. "She has a strong reputation within our company, as well as with agents and policyholders, as someone who will go above and beyond to ensure injured workers get the care they need. And she does so with immense grace and endless heart — I couldn't be prouder to have her as part of our team."
Hall is the first nurse to be recognized as Employee of the Year. Her daily efforts to get the highest level of medical care for injured workers represents AF Group's dedication to and focus on providing the highest quality service for policyholders and their employees.
"Cindy demonstrates the meaning of advocacy on a daily basis," said Paul Kauffman, director of Medical Management. "She is an advocate for the injured worker to ensure they are receiving the highest quality of care to assist in their recovery. She also is an advocate for her teammates, supporting them in both their personal lives and daily work efforts."
In addition to Leader of the Year and Employee of the Year, AF Group recognizes outstanding employee contributions with the Pinnacle, Horizon and Legend Awards.
Pinnacle Award
The Pinnacle Award recognizes achievement of teammates who support the AF Group enterprise. This year's winners include the following:
- Nick Armand
- Mandy DeSantis
- Lisa Painter
- Gehan Rivera-Chase
- Jeanna Stewart
- Katrina Shaw
Horizon Award
The Horizon Award recognizes employees in one of AF Group's diversification brands: AF Specialty, Fundamental Underwriters or Assigned Risk Solutions. This year's winners include the following:
- Sarah Christopher, Assigned Risk Solutions
- Addie Gouin, Fundamental Underwriters
- Bryan Pung, AF Specialty
Legend Award
The Legend Awards recognizes employees within and/or who serve AF Group's Workers' Compensation Division brands: Accident Fund, United Heartland, CompWest and Third Coast Underwriters. This year's winners include the following:
- Valerine Conerly, AF Group
- Olivia Cole, Service Center
- Chris DeRuiter, Accident Fund
- Jason Losen, AF Group
- Alice Pau, CompWest
- Ashley Pinckney, Accident Fund
- Jan Sassic, AF Group
- Eric Vichez, United Heartland
- Kim Zimmerman, Accident Fund
Annual employee award recipients are nominated by their peers and leaders based on exceptional performance.
About AF Group
AF Group is a nationally recognized holding company whose affiliated insurance companies are premier providers of specialty insurance solutions offered through independent agents nationwide. All policies are underwritten by a licensed insurer subsidiary. For more information, visit afgroup.com. © AF Group.
Contact:
Marissa Sura
(517) 896-3707
marissa.sura@afgroup.com
AFGroup.com
View original content to download multimedia:
SOURCE AF Group | https://www.whsv.com/prnewswire/2022/08/17/af-group-announces-2022-employee-leadership-awards/ | 2022-08-17T13:41:55Z |
NOVI, Mich., Aug. 17, 2022 /PRNewswire/ -- All American Pet Resorts (AAPR), a leading national dog boarding and daycare brand is proud to reveal a major rebranding effort that is designed to reenergize the brand and define AAPR's future as the preferred name for safe, trusted, and reliable dog boarding and daycare that meets the lifestyle of today's pet parents and also appeals to investors looking for a solid franchise investment.
According to Stephan Dimitroff, Executive Vice-President, AAPR, "As we expand the franchise nationally, the brand refresh ensures consistency visual brand identity and consumer messaging throughout our national franchise network."
The rebranding solidifies the company's stance as a premier dog boarding, daycare, and grooming franchise leader offering:
- 24 hour, 365 On-site staff and care
- 24 Hour Webcams
- Medical Administration with a health/wellness focus
- High end air exchange and purification HVAC system
- Pet Suites, not crates
The redesign included the AAPR website, corporate logo, all branded marketing materials, and Resort signage. The new imagery displays a bold, clean design that incorporates movement with a vibrant color palette and new photography throughout.
The website, www.allamericanpetresorts.com, is easy to navigate & mobile-friendly for fast and easy on-the-go Resort boarding and daycare scheduling.
Involved in the rebranding effort was Your Franchise Success, Scorpion, and the AAPR management team.
Kevin Casida, AAPR's Director of Operations says, "As we expand our family of franchisees, having most recently adding, New Bern, North Carolina to our network of Resorts, the goal of attracting the right individuals who want to become successfully self-employed and enjoy a truly gratifying business, starts with our branding."
"Our re-energized image goes before us into the marketplace as a symbol of the value we deliver, the care we provide, and the trust our clients and franchisees put in us," says Casida.
All American Pet Resorts is a leading national dog boarding and daycare franchise focused on delivering a remarkable customer experience to pet parents nationwide, while giving their dogs (and cats) the highest level of care in a safe, secure, and fun environment. Founded in 2005 by Art and Yolanda Rimbold, AAPR is headquartered in Novi, Michigan with locations in Michigan, New Jersey, Florida, Texas, and opening Fall 2022 in New Bern, North Carolina. For Franchising opportunities, visit www.allamericanpetresorts.com/franchise-opportunities/
View original content to download multimedia:
SOURCE All American Pet Resorts | https://www.whsv.com/prnewswire/2022/08/17/all-american-pet-resorts-announces-major-rebranding/ | 2022-08-17T13:42:02Z |
WASHINGTON and STERLING HEIGHTS, Mich., Aug. 17, 2022 /PRNewswire/ -- American Rheinmetall Vehicles, a leading developer of tactical wheeled and tracked combat vehicles and systems has formed a strategic collaboration with GM Defense LLC, to compete in the U.S. Army's Common Tactical Truck (CTT) program. The CTT program seeks to identify a replacement platform for the Army's Family of Heavy Tactical Vehicles.
The Army expects to execute multiple Prototype Projects before determining whether to proceed to initial production that could entail purchase of approximately 5,700 vehicles at a value of around $5 billion. A Request for Prototype Proposals for the first phase was issued in late June with an expected Contract Award in December 2022.
Rheinmetall, with its subsidiary Rheinmetall MAN Military Vehicles (RMMV), is a global leader in tactical military truck development and manufacturing. The Group's HX family of trucks have been sold to 20 customers globally including an active Allied user group consisting of Germany, Australia, United Kingdom, Austria, New Zealand, Norway, Sweden and Denmark. Rheinmetall recently unveiled its HX3, next-generation series of truck with advances in power, mobility, advanced driver assistance systems (ADAS), and an open systems architecture with pathways to hybrid technology incorporation, leader follower driving, and autonomous operations. The militarized HX3 series incorporates substantial commercial technologies reflecting Rheinmetall's joint venture with MAN Truck & Bus which streamlines logistics and sustainment burdens and provides benefits in vehicle upgrades. An Americanized HX3 forms the basis of what the American Rheinmetall Vehicles and GM Defense team will offer the Army in the first phase of the CTT program. Combined with an open architecture, the commercial backbone of the HX3 will support persistent modernization and allow for increases in capability as technologies mature. This will reduce obsolescence issues and overall lifecycle costs.
GM Defense is a rapidly expanding, wholly-owned subsidiary of General Motors — one of the largest automotive producers in the world, delivering 2.2 million vehicles in 2021 alone, and remains the largest commercial provider of military vehicles in history. As GM's purpose-built government-facing entity, GM Defense will bring its formidable manufacturing capabilities and technological excellence to the CTT team, leveraging GM's innovation and portfolio of commercial technologies to advance customer capabilities. Having been selected to deliver the Infantry Squad Vehicle (ISV) to the Army under an Other Transaction Authority (OTA) contract, GM Defense understands rapid prototyping, agile design and engineering, and rapid delivery.
The CTT Program is a rapid prototyping effort that uses a middle tier acquisition strategy and OTAs to enable the Army to quickly procure and test tactical truck prototypes to replace its family of heavy tactical trucks. The Army is seeking a modern platform featuring advanced driver safety systems, increased off-road mobility, cybersecurity, machine learning, artificial intelligence, improved survivability, and fuel efficiency among other emerging technologies. The program will enable the Army to replace legacy vehicles like the Palletized Load System (PLS), Heavy Expanded Mobility Tactical Truck (HEMTT), M915 Line Haul Tractor, and other platforms in the current heavy and medium tactical wheeled fleet. A truck with maximum commercial elements, able to perform military missions, and that can bring commonality among mission roles are top priorities for the Army in the program.
"American Rheinmetall Vehicles is a committed partner to the Army, bringing next-generation capability, technology and competition to high priority Army modernization programs like CTT. GM Defense shares our commitment, and together our team will provide a transformational truck to support the Army and its Soldiers," said Matthew Warnick, managing director for American Rheinmetall Vehicles. "General Motors has a century of experience supporting the Department of Defense with a remarkable heritage in design, engineering and manufacturing. GM Defense continues that heritage with the ability to rapidly develop and deploy advanced technologies, bringing an important capability to the American Rheinmetall Vehicles team and our exceptional CTT offering."
"On the heels of successfully delivering the ISV to our Army customer, GM Defense is excited to join American Rheinmetall Vehicles on the CTT program to deliver another exceptional mobility solution for our Soldiers," said Steve duMont, president of GM Defense. "This strategic collaboration enables GM Defense to continue showcasing our advanced capabilities, leveraging GM's innovation and proven commercial technology. With American Rheinmetall Vehicles' HX3 as the starting point, I'm confident that together we will deliver a winning solution that meets or exceeds the Army's requirements and provides a platform for growth and technology insertion to support our warfighters well into the future."
HX3 Common Tactical Truck (HX3-CTT)
Technology for the future: The HX3-CTT features an advanced, interchangeable protected cab design, advanced driver assistance systems (ADAS), and drive by wire operation. The new open systems electrical architecture allows rapid integration of leader follower and autonomous capabilities that focus on protecting our most valuable combat asset – the Soldier.
Common Platforms and parts to support a family of vehicles: The HX3-CTT is the new, next-gen variant of the globally successful HX family of military-off-the-shelf tactical trucks. It possesses an extremely high level of commonality and modularity across variants: cargo, load handling systems, tankers, and line haul tractors. With an HX family that can scale from 4x4 to 10x10, the HX can meet any military need.
Commerciality in its DNA: The HX3-CTT leverages best-in-class advances in commercial truck technology, safety, fuel efficiency, and emissions reduction. Ruggedized for the stresses of military service, the HX family provides an "off the shelf" capability. This commercial backbone reduces obsolescence risk/cost, expands parts availability, and reduces sustainment demands.
Allied Interoperability: The HX family of trucks have been sold to 20 customers globally including an active Allied user group consisting of Germany, Australia, United Kingdom, Austria, New Zealand, Norway, Sweden, and Denmark, creating common global supply chains, training opportunities, and integrated operations among key allies operating around the world.
About American Rheinmetall Vehicles
American Rheinmetall Vehicles delivers next-generation, advanced tactical wheeled vehicles and innovative tracked and wheeled combat vehicles in support of today's highest combat vehicle modernization priorities. Rheinmetall's collaborative global structure allows for the maturation and strengthening of the U.S. Industrial Base now and into the future. American Rheinmetall Vehicles is part of the American Rheinmetall family of U.S. companies including American Rheinmetall Munitions in Stafford, VA, American Rheinmetall Systems in Biddeford, ME and U.S. corporate parent American Rheinmetall Defense in Reston, VA. www.rheinmetall.com/arv
About GM Defense, LLC.
GM Defense delivers integrated vehicles, power and propulsion, and mobility and autonomy solutions to global defense, security, and government markets. The exceptional reliability of GM Defense's technologies results from decades of proven performance and billions of dollars spent in independent research and development by its parent, General Motors, a world leader in global design, engineering, and manufacturing capabilities. For more information, please visit www.gmdefensellc.com.
View original content to download multimedia:
SOURCE GM Defense LLC | https://www.whsv.com/prnewswire/2022/08/17/american-rheinmetall-vehicles-gm-defense-team-pursue-us-armys-common-tactical-truck-program/ | 2022-08-17T13:42:09Z |
BOSTON, Aug. 17, 2022 /PRNewswire/ -- Analysis Group, a global leader in health economics and outcomes research (HEOR) and regulatory epidemiology, announced that a study it coauthored helped support Blueprint Medicines' label expansion of AYVAKYT® (avapritinib) to include monotherapy for the treatment of adult patients with advanced systemic mastocytosis (AdvSM), after at least one systemic therapy, in Europe. The real-world evidence (RWE) generated by the study provided an external control arm to help the European Medicines Agency (EMA) interpret single-arm Phase 1 EXPLORER and Phase 2 PATHFINDER trial findings. AdvSM is a rare blood disease characterized by damage across multiple organ systems, reduced overall survival, and poor quality of life.
The EMA's acceptance of RWE in regulatory decision making has steadily increased since its Operational, Technical, and Methodological (OPTIMAL) framework was published in 2019. However, few studies have demonstrated sufficient evidentiary value of RWE for treatment outcomes. Researchers from Analysis Group and Blueprint Medicines collaborated with several renowned investigators from Europe and the US to design an observational retrospective cohort study that involved chart review of real-world clinical data on best available therapies from six sites – four European and two US – to identify real-world patients whose eligibility criteria were similar to patients enrolled in the EXPLORER and PATHFINDER trials of AYVAKYT.
"RWE as an external control is a valuable tool for both regulators and clinical decision-makers, particularly in instances of rare diseases with high unmet needs like AdvSM. A control that is well-matched to the single-arm trial, coupled with robust statistical adjustment methods, provides useful indirect treatment comparisons," said study co-investigator Dr. Mei Sheng Duh, a Managing Principal at Analysis Group. "In its European public assessment report [EPAR], the EMA took the rare step of highlighting the study's results, absent a randomized controlled trial. The report noted that the RWE provided valuable insights into the efficacy of AYVAKYT, supporting the successful label expansion."
"From the start, the goal was to draw as tight a parallel as possible between the real-world and clinical trial patient populations," noted Dr. Priyanka Bobbili, a Manager at Analysis Group and a co-investigator. "We chose qualified centers of excellence for treating AdvSM to ensure the highest-quality data were being collected and accurately classified. These exceptional data fed the rigorous statistical analyses of inverse probability of treatment weighting that we employed to indirectly compare real-world and trial outcomes."
Analysis Group's rigorous, retrospective analyses showed that AYVAKYT improved overall survival, extended duration of treatment, and reduced mast cell burden in patients with AdvSM when indirectly compared to real-world data from best available therapies. In these analyses, patients treated with AYVAKYT had a 41% reduction in the risk of death compared to patients treated with midostaurin and a 68% reduction in the risk of death compared to patients treated with cladribine.
AYVAKYT is designed to selectively target the KIT D816V mutation, the primary driver of AdvSM. The EMA's regulatory approval extends the treatment's use in the European Union (EU) as a monotherapy for the treatment of adult patients with aggressive systemic mastocytosis, systemic mastocytosis with an associated haematological neoplasm or mast cell leukaemia, after at least one systemic therapy.
Results from the study, "Efficacy of Avapritinib Versus Best Available Therapy in the Treatment of Advanced Systemic Mastocytosis" were published in July by Leukemia. The study's findings were also presented during June's European Hematology Association (EHA) 2022 Congress.
In addition to Dr. Duh and Dr. Bobbili, investigators included Dr. Andreas Reiter of University Hospital Mannheim; Dr. Daniel J. DeAngelo of the Dana-Farber Cancer Institute and Harvard Medical School; Dr. Jason R. Gotlib of Stanford Cancer Institute and Stanford University School of Medicine; Dr. Iván Álvarez-Twose of the Institute of Mastocytosis Studies of Castilla La Mancha, Virgen del Valle Hospital; Dr. Peter Valent of the Division of Hematology and Hemostaseology, Ludwig Boltzmann Institute for Hematology and Oncology, Medical University of Vienna; Dr. Deepti H. Radia of Guy's & St Thomas' NHS Foundation Trust of Guy's Hospital; Blueprint Medicines' Chelsea Norregaard, Dr. Saša Dimitrijevic, Dr. Erin Sullivan, and Dr. Melinda Louie-Gao; and Analysis Group Manager Dr. Aolin Wang and Senior Analyst Selvam Sendhil.
Blueprint Medicines, AYVAKYT, and associated logos are trademarks of Blueprint Medicines Corporation.
To learn more about Analysis Group's HEOR capabilities, visit www.analysisgroup.com/healthoutcomes
Founded in 1981, Analysis Group is one of the largest international economics consulting firms, with more than 1,000 professionals across 14 offices. Analysis Group's health care experts apply analytical expertise to health economics and outcomes research, clinical research, drug safety, epidemiology, market access and commercial strategy, and health care policy. Analysis Group's internal experts, together with its network of affiliated experts from academia, industry, and government, provide our clients with exceptional breadth and depth of expertise and end-to-end consulting services globally.
Analysis Group
Eric Seymour, +1 978 273 6049
eric.seymour@analysisgroup.com
View original content:
SOURCE Analysis Group | https://www.whsv.com/prnewswire/2022/08/17/analysis-group-announces-study-using-real-world-evidence-support-blueprint-medicines-ayvakyt-avapritinib-label-expansion-advanced-systemic-mastocytosis-europe/ | 2022-08-17T13:42:15Z |
ROSEMONT, Ill., Aug. 17, 2022 /PRNewswire/ — (AANA) — Angela Mund, DNP, CRNA, a Certified Registered Nurse Anesthetist (CRNA), and resident of Mount Pleasant, S.C., recently took office as the 2022-2023 president of the 59,000-member American Association of Nurse Anesthesiology (AANA), headquartered in Rosemont, Ill.
"As president of the AANA, I am honored to continue to serve the profession that has provided me with both personal and professional satisfaction," said Mund. "I believe we can accomplish great things together through research, advocacy, and political strength. I understand the tremendous responsibility and accountability to our organization and our members as we enter a time of great challenges and even greater opportunities."
Currently the chair of the Department of Clinical Sciences at the Medical University of South Carolina, Mund's career in academia spans 18 years with roles at University of Minnesota as well as the Medical University of South Carolina. Providing the diverse and interrelated perspectives of a leader, educator, advocate, and clinician, she has testified before state legislative bodies as well as the U.S. House of Representatives on the important role CRNAs play in providing safe, quality anesthesia care.
Honorably discharged as captain from the U.S. Army Reserve Nurse Corps, Mund was previously the executive director of the Association of Veterans Affairs Nurse Anesthetists as well as its president.
Throughout her career in nurse anesthesiology, Mund served on numerous committees, advisory panels, and boards of directors at the state and national levels. She is a former chair of the AANA Political Action and Resolutions Committees. In addition, she has served on the Board of Directors of the Minnesota Association of Nurse Anesthetists and as President of the South Carolina Association of Nurse Anesthetists. Most recently, Mund was elected president-elect of the AANA.
An AANA member since 1996, Mund earned her Doctor of Nursing Practice, Master of Science, and Bachelor of Science in Nursing degrees from University of Minnesota-Twin Cities. She received a certificate in nurse anesthesia from the Minneapolis Veteran's Affairs Medical Center School of Nurse Anesthesia.
View original content to download multimedia:
SOURCE American Association of Nurse Anesthesiology | https://www.whsv.com/prnewswire/2022/08/17/angela-mund-begins-term-president-american-association-nurse-anesthesiology/ | 2022-08-17T13:42:26Z |
Learner-centric Student Information System Named Market Leader According to Tambellini Group
BOCA RATON, Fla., Aug. 17, 2022 /PRNewswire/ -- Anthology, a leading provider of education solutions that support the entire learner lifecycle, today marked eight consecutive years of growth for its student information system (SIS), Anthology Student. According to the Tambellini Group's recently published 2022 Student Systems U.S. Higher Education Market Share, Trends, and Leaders Report, Anthology was among the top solutions selected by U.S. higher education institutions last year and selected by the most institutions in the private, for-profit sector. The report notes that thirteen not-for-profit institutions also selected Anthology Student.
Anthology's momentum continues in 2022 as institutions like BYU-Pathway Worldwide, Eastern Arizona College, a full community college system in the state of Maine, and a northeast institution serving more than 15,000 students annually, among numerous others, have selected Anthology Student.
"We have witnessed a resurgence of student system selections as the market begins its post-pandemic recovery with institutions now investing in strategies related to student engagement, belongingness and student success," said Vicki Tambellini, President and CEO of Tambellini Group. "Anthology Student has demonstrated stability and growth and strongly appeals to institutions with nontraditional, competency-based and continuing education requirements. The solution demonstrates the ability to scale in private, for-profit and online educational settings, as well."
A cloud-based solution that manages the entire academic lifecycle of a learner, Anthology Student delivers a modern system that meets the evolving needs of today's institutions. This spring, Anthology unveiled new features driven by student feedback including an updated portal interface that supports a more streamlined, user-friendly experience. Recognizing the opportunity to complement its Degree Audit functionality, the company also launched Degree Pathways in Anthology Student to add a forward-looking experience that helps learners plan out their path to graduation. Anthology is also set to introduce a new intuitive rules engine for easily pairing pre and co-requisites later this year.
"We are focused on enhancing the full client experience for Anthology Student, from implementation through support, and those efforts are reflected in Tambellini Group's research," said JD White, Chief Product Officer at Anthology. "We're also unlocking the power of data not just within Anthology Student, but across our full education technology ecosystem, to help institutions improve outcomes and work more efficiently through connected insights that are captured across core solutions."
Anthology Student is designed to support better outcomes for traditional and non-traditional students, creating a more convenient campus experience with easy access to degree progress, financial aid and career services. Anthology Student also positively impacts institutional competitiveness through automation, supporting efficiency and helping institutions to optimize academic programs in partnership with faculty.
About Anthology
Anthology offers the largest EdTech ecosystem on a global scale for education, recently combining with Blackboard to support more than 150 million users in 80 countries. With a mission to provide dynamic, data-informed experiences to the global education community, Anthology helps learners, leaders and educators achieve their goals through over 60 SaaS products and services designed to advance learning. Discover more about how we are fulfilling our mission for K-12, higher education, business and government institutions at www.anthology.com.
Contact:
Chelcee Coffman
Anthology
704-615-7603
View original content to download multimedia:
SOURCE Anthology | https://www.whsv.com/prnewswire/2022/08/17/anthology-student-recognized-8th-consecutive-year-growth/ | 2022-08-17T13:42:38Z |
DALLAS, Aug. 17, 2022 /PRNewswire/ -- NuVinAir, which offers a suite of patented and proprietary products that safely creates healthy vehicle interiors, today announced the expansion of its product portfolio. When rental-car companies utilize "NuVinAir ReTurn" after automobile returns, they can more effectively preserve their fleet and boost customer satisfaction. The new offering will be available nationwide to rental-car companies starting September 1, 2022.
A recent Car and Driver article said that instead of a 25,000- or 50,000-mile cutoff to sell the car, rental companies are letting their cars go beyond 60,000 miles on the odometer. Rental companies are holding onto their fleets longer, so better solutions are needed to preserve their vehicles as the miles accrue. NuVinAir created ReTurn created to allow national rental partners to treat a broader range of vehicles for mild to mid-range odor through their patented technology.
"Fast and cost-effective, 'ReTurn' is exclusively formulated for our national rental-car partners and quickly gets vehicles back on the road with a clean, healthy interior that customers will appreciate — and already demand," said Kyle Bailey, CEO and founding partner of NuVinAir. "We consult with automotive businesses to maximize customer experience, operational efficiency, safety, and profitability. Our new proprietary product is one of the best ways to boost customer-satisfaction scores and improve operational efficiency to achieve the pinnacle of rental renewal in minutes — and the untapped opportunity is exponential."
Tackling this often-ignored segment of the automotive market, the innovative product treats a broader range of vehicles, including aged inventory and those with mild to mid-range odors. The most common forms of aggressive odor removers — ozone machines, foggers, chlorine-in-a-cup, and fragrances — are often too strong or even toxic to use with less pungent issues, leaving a large portion of their fleets under-treated or even untreated.
Among NuVinAir's other proprietary product offerings is its autonomous Cyclone treatment, the safest, fastest, and most effective way to provide healthy, clean vehicle interiors. The Cyclone is used with ReTurn, ReFresh and ReStore, to freshen a vehicle's interior, as well as eliminate odor and reset the vehicle to a like-new condition. Rounding out NuVinAir's product portfolio, ReKlenz-X is a high-performance stain remover and an EPA-approved, eco-friendly disinfectant that kills 99.9% of germs, bacteria, and viruses on vehicle surfaces. As part of its product portfolio, ReNuSurface is an eco-friendly, all-in-one cleaner that replaces multiple products and saves on supply costs.
Recently, NuVinAir announced the company's expansion of its franchise program to 33 states, with more than one-third of them being added this year alone.
Based in Dallas and founded in 2019, NuVinAir is a franchise-supported company that creates healthy vehicle interiors for the automotive industry. With cleaning innovation and patented technology, the market leader caters to rental-car companies, dealerships, and other automotive businesses. Products and programs are sold through its franchisees, who own exclusive rights to their defined territories. To learn more about NuVinAir, visit nuvinair.com and follow their blog nuvinair.com/blog/.
View original content:
SOURCE NuVinAir | https://www.whsv.com/prnewswire/2022/08/17/automotive-industry-pioneer-nuvinair-expands-offerings-with-proprietary-product-return-vehicles-faster-rental-ready/ | 2022-08-17T13:42:44Z |
Fireside Chat Session Dives into the Challenges of Building a Startup
MOUNTAIN VIEW, Calif., Aug. 17, 2022 /PRNewswire/ --
Who: AviaGames, creator of the award-winning "Bingo Tour" app and Pocket7Games social competition platform, today announced its Founder and CEO Vickie Chen will participate in a Fireside Chat session at the 2022 devcom Developer Conference on Tuesday, Aug. 23 in Cologne, Germany. Accompanied by RunAppRun Chief Business Development and Co-founder Shirley Lin and The Sandbox COO and Co-founder Sebastien Borget, Chen will provide insight and share her experience as a startup founder – from struggles and stresses to thriving moments.
What: Established in 2017, devcom is the official game developer event of gamescom. As Europe's biggest game developer and community-driven conference, devcom originally started as a five-day umbrella framework for a series of events. It is now a year-round resource focused on game development, game publishing, networking, and community building.
At devcom 2022, the Fireside Chat session titled, "From Zero To $xxx Millions - From bumps to growth," will provide attendees an opportunity to learn from Chen, Lin and Borget as they reflect on their startup journeys and share what they've learned along the way. The conversation will cover the ups and downs of building a startup, including how to go about seeking funding, when and how to bring an idea to market, managing the growth of a startup and its team, and overcoming challenges faced. As entrepreneurs starting with small teams and evolving prosperous ventures, Chen and the other panelists will discuss managing the good and bad, diversity and uncertainties, and necessary pivoting for growth.
When: As part of gamescon taking place Aug. 22 through Aug. 26, devcom is a two-day event from Aug. 22 through Aug. 23. The "From Zero To $xxx Millions - From bumps to growth" Fireside Chat session will be on Tuesday, Aug. 23, from 3 p.m. to 4 p.m. CEST.
Where: gamescom and devcom will take place at the Congress Center East of Koelnmesse in Cologne, Germany. The "From Zero To $xxx Millions - From bumps to growth" Fireside Chat session will take place at Stage 5.
Why: Behind every successful startup, there are challenges and lessons learned. With the help of co-founder Ping Wang and a small team of talented individuals, Chen built AviaGames and its Pocket7Games skill-based social competition platform from the ground up. Under Chen's leadership, AviaGames has raised $60 million in funding and over the last year, it dominated the US mobile gaming market, surpassing an install base of more than 10 million users and awarding over $714 million in cash prizes while topping mobile gaming charts. With more than 18 years of experience and a strong understanding of the challenges faced as a female founder, Chen brings an invaluable perspective to the discussion with a complete view of what is needed to design and deliver a successful all-in-one, world-class social competition platform.
Founded in 2017 by Vickie Chen and Ping Wang, AviaGames is a mobile, social competition gaming company and publisher of Pocket7Games, a unified gaming platform. The platform features 15+ unique, skill-based games linked to a single membership and wallet, allowing players to seamlessly switch among casino, puzzle, action, card, math and brain games. AviaGames is committed to providing an inclusive competition platform where everyone can play, make money, and have fun. To date, AviaGames has awarded more than $714 million in cash prizes to its players. Select titles are available as individual apps for download, including Bingo Clash, Bingo Tour, Cooking Clash, 21 Gold, Yatzy Craze, and Match 'n Flip.
View original content to download multimedia:
SOURCE AviaGames | https://www.whsv.com/prnewswire/2022/08/17/aviagames-ceo-vickie-chen-participate-startup-panel-devcom-developer-conference/ | 2022-08-17T13:42:51Z |
BELFAST, LONDON and NEW YORK, Aug. 17, 2022 /PRNewswire/ -- The Bank of London, the world's first purpose-built global clearing, agency, and transaction bank, today welcomed Economy Minister Gordon Lyons MLA to mark the opening of its new Northern Ireland Headquarters, based in the landmark Soloist office at Lanyon Place in Belfast.
During his visit, the Minister heard how the Bank has seen recruitment in Belfast surge ahead of initial projections. Around 50 employees are already in role including software engineers, and compliance and risk experts, with further recruitment due to take place. The Bank of London's investment in Northern Ireland will lead to the creation of 232 jobs, 130 of which have been supported by Invest Northern Ireland (Invest NI).
Given the importance Northern Ireland now plays to the wider Bank of London group, Stephen Bell, Chief Risk and Compliance Officer (United Kingdom) will expand his remit with his new appointment as Country Head for Northern Ireland. A senior financial services leader with a broad range of experience in commercial leadership, enterprise risk management, corporate governance, and restructuring, Stephen served on the Board of Ulster Bank in Northern Ireland from 2012 to 2015, also holding the roles of Chief Risk Officer for both Northern Ireland and the Republic of Ireland.
Stephen Bell, Country Head for Northern Ireland, said: "At The Bank of London we have a deep belief that exceptional and diverse talent will build the future of banking. Working together with Invest NI, we chose to locate The Bank of London's first United Kingdom office outside of London here in Belfast. We know we will find that talent here to help us deliver innovation at the heart of financial services and create the borderless infrastructure of the future.
"Our experience to date has proved this to be the right decision and the speed at which we have been able to recruit across a range of skills and experience, not only in technology but in compliance and risk, is testament to our commitment to ongoing investment in Northern Ireland and the wider economy."
Gordon Lyons MLA, Economy Minister, said: "The Bank of London is only the sixth UK clearing bank and the second in over 250 years to be authorised by the Bank of England, it is therefore quite a coup for Invest NI to have attracted this unique project and investment here.
"There's the saying that actions speak louder than words. We often talk of how much Northern Ireland has to offer as an investment location but securing one-of-a-kind projects like this prove it. Added to that, The Bank has had immediate success at recruiting over a third of its positions in just a handful of months, which is evidence again of just how right their decision to invest here was."
Whilst next-generation patented technologies powers The Bank of London's unique proposition, two thirds of the positions being created are in operations and compliance, with the remaining one third technology related roles. The new positions span a range of experience levels from junior to senior management, providing opportunities at all levels.
Mel Chittock, Interim CEO, Invest NI, said: "The Bank of London is a welcome addition to Northern Ireland's financial services sector. Its disruptor approach will bring new innovation to our fintech sector, providing new opportunities across a diverse range of roles in financial services which will help retain talent here and attract others to return to Northern Ireland.
"With well-remunerated roles, this project will not only deliver excellent job opportunities but will also contribute £7.8m in annual salaries into our local economy, delivering economic benefit to the whole of Northern Ireland."
People interested in a role at The Bank of London should visit https://thebankoflondon.com/join-us
About The Bank of London
The Bank of London launched 30th November 2021 as the sixth principal clearing bank of the United Kingdom, and only the second clearing bank in 250 years. With a $1.1 billion valuation, it is the first pre-revenue bank in history to attain 'unicorn' status upon debut.
The Bank of London is a leading-edge technology company and the world's first purpose-built global clearing, agency, and transaction bank. We leverage our patented technology innovations and differentiated bank capabilities to lift economies and communities by powering the borderless economic infrastructure of the future.
The bank has been established to assist banks, clearing houses, digital & traditional asset firms, governments, financial services companies from local fintechs to global institutions, payment networks and non-financial brands seeking to launch fully compliant financial products and services in-country and across-borders.
With headquarters in London and offices in New York, Charlotte (North Carolina), and Belfast, The Bank of London is a principal clearing bank of the United Kingdom authorised by the Bank of England's Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Bank of England's Prudential Regulation Authority.
For more information visit: thebankoflondon.com, or on Twitter and Instagram at: @thebankoflondon.
View original content:
SOURCE The Bank of London | https://www.whsv.com/prnewswire/2022/08/17/bank-london-welcomes-economy-minister-its-new-northern-ireland-headquarters/ | 2022-08-17T13:42:57Z |
The artistic pizza kits help spark creativity and play for families seeking fun dinner solutions during back-to-school season
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Banza, the rapidly growing maker of chickpea-based comfort foods, today announced the launch of Banza Masterpiece'zas, a new pizza kit that reimagines Banza's high-protein, high-fiber pizza into an art canvas for a good cause. According to Banza's Dinnertime Confessions Survey, 86% of parents report having at least one picky eater in their family, which can make dinnertime tricky, especially at the start of a new school year. This back-to-school season, Banza Masterpiece'zas are helping parents make mealtime easier and implement healthier eating habits by encouraging play and imagination at the dinner table. The kits are available starting today on EatBanza.com. 50 percent of sales will be donated to Whole Kids Foundation, a nonprofit founded by Whole Foods Market dedicated to inspiring families to improve children's nutrition and wellness through grant making and education at schools.
Each Banza Masterpiece'zas kit is equipped with simple, delicious and nutrient-rich ingredients which act as art supplies to help parents serve their kids better versions of the foods they love. Banza is offering one vegan and one vegetarian version of its Banza Masterpiece'zas kits to satisfy different taste preferences and dietary needs. The kits include:
- Banza Pizza, made from chickpeas, offers a crispy yet doughy crust that tastes like the traditional kind and acts as a blank canvas to bring artistic visions to life
- Farmer's Fridge fresh, pre-sliced vegetables to create the art
- Tupperware® Deco Pens to fill up with sauce or dressing and draw right on top of the pizza
- Tiny Bites scissors to give parents a simple and creative way to slice the pizza
- Gotham Greens Vegan Pesto made with fresh, greenhouse-grown basil to add color to the pizza toppings design
- Burlap & Barrel oregano to accessorize the final artwork
To spark creativity, Banza tapped young artists ages six through 23 from P.S. ARTS, an organization dedicated to providing arts education in systemically under-resourced schools and communities in Los Angeles, CA, and Creative Art Works, a New York City-based organization that teaches valuable technical and workforce skills while creating connections between young constituents, their art and their communities. The artists dreamed up their own Masterpiece'zas designs which are featured on packaging. Additional designs are also included in an inspiration booklet offering suggestions for kids as they work on their own creations.
"We created Banza Masterpiece'zas to inspire creativity and joy around a nutritious dinner," said Brian Rudolph, co-founder and CEO of Banza. "Chickpeas are one of the best foods for human health and the environment. To celebrate the versatility of the ingredient and the love for pizza, we're challenging our community to use Banza's pizza crust as a canvas for art."
With more consumers in the U.S. looking to purchase better-for-you foods, Banza caters to those seeking dietary options that make them feel good while aligning with their social values. Banza Pizza Crust is the fastest-growing pizza crust in the U.S., and Banza's pizza line, now available in over 11,000 stores nationwide, is driving 40% of the growth in the better-for-you pizza category. With its chickpea-based product lineup of pizza, pasta, rice and mac & cheese, Banza aims to challenge the $148B refined grains market as consumer demand for plant-based foods continues.
To purchase Banza Masterpiece'zas and learn more about Banza, visit eatbanza.com.
Banza makes comfort foods out of chickpeas, including pasta, pizza, rice, and mac & cheese. Since 2014, Banza has been on a mission to inspire people to eat more chickpeas and other beans because of their positive impact on human and environmental health. Today, Banza's chickpea products are available in nearly 21,000 stores nationwide, and it is the fastest-growing pasta brand in the country. For more information about Banza, please visit www.eatbanza.com.
View original content to download multimedia:
SOURCE Banza | https://www.whsv.com/prnewswire/2022/08/17/banza-launches-masterpiecezas-make-dinnertime-easier-parents-more-fun-kids/ | 2022-08-17T13:43:03Z |
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Behrman Capital ("Behrman"), a private equity investment firm based in New York, today announced that it has acquired George Holding, Inc. ("George Industries" or the "Company"), a leading designer and manufacturer of mission-critical and highly engineered components for the defense, aerospace and industrial sectors. Financial terms of the transaction were not disclosed.
Headquartered in Endicott, NY since its founding in 1954, George Industries is a recognized leader for its strong capabilities and expertise in manufacturing thermal management products which are critical to the functionality of electronic systems. The Company's product offering includes highly engineered chassis, enclosures, heat sinks, cooling systems and other thermal management products. Core manufacturing capabilities include dip brazing, vacuum brazing, CNC machining, fabricating, welding, painting, laser cutting, mil-spec finishing and mechanical assembly. Additionally, the Company designs and manufactures close-tolerance, high-reliability components for satellites, aircraft and defense programs through its second facility in Wheeling, IL.
Grant G. Behrman, Managing Partner of Behrman Capital, said, "George Industries has an impressive reputation and is well-positioned to take advantage of the growing need for thermal management products serving high-reliability industries, particularly in the defense sector. This transaction builds upon our strong defense and aerospace industry track record, following recent acquisitions of Micross, kSARIA and previous highly successful investment in Data Device Corporation. We are very enthusiastic about our new partnership with George Industries, and we see significant potential in the next stage of the Company's growth trajectory both through organic initiatives and select acquisitions as we build around the Company's thermal management capabilities. We look forward to partnering with the leadership team and continue the legacy that has been built through 60 years of operations."
Jan Mathiesen, CEO of George Industries, added, "We are excited to partner with Behrman Capital as we enter the next phase of the Company's growth. Through their network of relationships and expanded capital base, we will build upon the many opportunities to leverage George Industries' engineering and manufacturing expertise and blue-chip customer base to enhance the Company's strategic position and long-term growth prospects."
Behrman is investing in partnership with members of George Industries senior management team, which will continue to lead the Company.
Houlihan Lokey acted as exclusive financial advisor to George Industries in connection with the transaction.
Based in New York City, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company's investments are focused in three industries: defense and aerospace, healthcare services, and specialty manufacturing and distribution. The firm has raised $4.0 billion since inception and is currently investing out of its sixth fund. For more information, please visit www.behrmancap.com.
George Industries is a recognized leader in the design, development, and manufacturing or mission critical engineered components for the defense, aerospace, transportation and industrial sectors. George has strong capabilities and expertise in manufacturing thermal management products which are critical to the functionality of electronic systems. George Industries was founded in 1954 and is headquartered in Endicott, NY. For more information, please visit www.georgeindustries.com.
Contact
Ross Lovern / Nathaniel Shahan
Kekst CNC
ross.lovern@kekstcnc.com / nathaniel.shahan@kekstcnc.com
View original content:
SOURCE Behrman Capital | https://www.whsv.com/prnewswire/2022/08/17/behrman-capital-acquires-george-industries/ | 2022-08-17T13:43:15Z |
MINNEAPOLIS, Aug. 17, 2022 /PRNewswire/ -- The Blue Cross and Blue Shield of Minnesota Foundation is excited to announce the addition of Emily Piper to its board of directors. Piper is the vice president of government and external affairs at the Hazelden Betty Ford Foundation, the nation's largest nonprofit substance use and mental health treatment provider. In her role at Hazelden Betty Ford, Piper leads the organization's communications, government relations, and advocacy work.
"We are thrilled to have Emily join our board," said Bukata Hayes, chair of the Blue Cross Foundation board and vice president of racial and health equity at Blue Cross and Blue Shield of Minnesota. "Her expertise and insights will be critical as we continue to deepen our commitment to advancing racial and health equity and provide ongoing support to our grantee partners in creating a healthier state."
Prior to joining the Hazelden Betty Ford Foundation, Piper served as commissioner for the Minnesota Department of Human Services under former Governor Mark Dayton from 2015-2019. Before being appointed commissioner, Piper served as general counsel and deputy chief of staff in the Office of Governor Mark Dayton and Lieutenant Governor Tina Smith. She also worked at the Minnesota Department of Commerce, first as general counsel focusing on insurance regulation and health reform implementation, then as chief of staff and deputy commissioner.
In addition to her role on the Blue Cross Foundation board of directors, she is a member of the Blue Cross and Blue Shield of Minnesota board of trustees and serves on AddictionAbatement.org's National Substance Use Disorder Strategic Advisory Panel.
The Blue Cross and Blue Shield of Minnesota Foundation makes a healthy difference in communities by advancing health equity and improving conditions where people live, learn, work and play, awarding more than $75 million to over 600 nonprofits since it was established in 1986. For more information on Blue Cross' grantmaking programs, visit bluecrossmnfoundation.org.
View original content to download multimedia:
SOURCE Blue Cross and Blue Shield of Minnesota Foundation | https://www.whsv.com/prnewswire/2022/08/17/blue-cross-blue-shield-minnesota-foundation-welcomes-emily-piper-its-board-directors/ | 2022-08-17T13:43:21Z |
DURHAM, N.C., Aug. 17, 2022 /PRNewswire/ -- 8 Rivers Capital, LLC is pleased to announce that Bill Brown, its co-founder, Executive Chair and Chief Technology Officer has been appointed Strategic Adviser, Strategic Public-Private Partnerships at the U.S. Department of Energy's National Renewable Energy Laboratory (NREL).
NREL has spent decades focused on leading the way in clean energy research, development and deployment. Its focus on transforming energy through science by leading research and development has formed the foundation of the net zero energy transition.
As a strategic advisor, Bill will work with NREL to develop high-impact, multiyear, multisector collaborations that drive transformation of domestic and global energy landscapes.
"At NREL, we are always looking for individuals like Bill with scientific, analytical, entrepreneurial, and business leadership expertise. His unique perspective and relationships will allow us to build large-scale partnerships, and together, more quickly solve the urgent energy challenges awaiting us," said Doug Arent, Executive Director of NREL's Strategic Public-Private Partnerships.
Cam Hosie, 8 Rivers CEO commented "Bill's efforts in the net zero space began decades ago with the founding of 8 Rivers, a company focused on a technology suite designed to be part of the global solution of reaching net zero—and Bill has been the driving force for development of world-leading solutions in the hardest-to-decarbonize of industries. We are proud Bill's dedication to this effort has been recognized by NREL and I am certain that Bill will make significant contributions in this new role, accelerating the world to Net Zero by 2050."
ABOUT 8 RIVERS CAPITAL, LLC- 8 Rivers Capital, LLC is a Durham, NC-based firm leading the invention and commercialization of sustainable, infrastructure-scale technologies for the global energy transition. 8 Rivers is developing and deploying technologies for clean hydrogen and ammonia (8RH2), transformative zero-emissions power cycles (Allam-Fetvedt Cycle), direct air capture (Calcite), retrofit carbon capture (Carbon8), sour gas sweetening (TarT), clean ethylene (Codox), and other advanced clean energy systems. www.8Rivers.com.
View original content:
SOURCE 8 Rivers Capital | https://www.whsv.com/prnewswire/2022/08/17/brown-appointed-strategic-adviser-national-renewable-energy-laboratory-nrel/ | 2022-08-17T13:43:28Z |
Food-Tech Company Empowers Culinary Superstars to Increase Distribution, Enhance Brand Exposure and Drive More Revenue
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Mealco ("the Company"), a food-tech start-up focused on creating value for food brands, restaurant operators and customers, announced today a new initiative to identify food creators – both established brands and emerging chefs – to join its exclusive "Brand Innovators'' program. Mealco will be selecting the best-of-the-best to expand its network of culinary innovators and help them penetrate new markets and enhance their brands. New creators will join an existing slate of esteemed brand innovators that include Hillary Sterling's Cayenne, Ken Gordon's Mochidoki, Dani Beckerman's Jars by Dani, Ariel and Leni Barbouth's Nuchas, Nils Noren's Num Pang and Matt and Chris Urakami's Poutine Brothers.
Details for Mealco's Brand Exclusive Incubator program are as follows:
- Culinary innovators will submit a "Request for Consideration" to join the Mealco Innovators Program.
- Once selected, creators will work with Mealco to develop a high-quality virtual menu that will be fulfilled by members of its nationwide restaurant operator network and delivered to customers via popular online delivery apps, including DoorDash, Uber Eats and Grubhub.
- Upon creation of your virtual stores, Mealco will optimize your menu so that it ranks highly in Internet searches and is calibrated for a delivery-centered business model. Brands are paired with restaurant operators based on their infrastructure and resources, local customer demographics, existing ingredient inventory and equipment and staff culinary capabilities.
- Using geo-tracking, orders are directed to the closest restaurant that carries your brand to ensure the food's timely delivery to hungry customers.
"Mealco's secret sauce is that we work with creators to help them satisfy customer demand outside of their current markets, eliminating the investment and risk of launching brick and mortar locations and allowing them to get back in the kitchen to do what they love – develop new food creations for customers to enjoy," said Daniel Simon, Mealco Founder and CEO. "The increased growth for these brands results in significantly enhanced exposure and increased revenue for creators."
Mr. Simon continued, "Based on the vast amount of data that the Mealco platform collects and analyzes, we are able to uncover unique insights that empower our creators to give customers exactly what they want. For example, we estimate that approximately 70 percent of customers conduct exploratory food searches on delivery apps when they are hungry. Mealco optimizes these searches to make sure that our creators are featured prominently and grab customers' attention. Together, all of these Mealco features enable creators to substantially grow their customer base and permit restaurant operators to monetize their restaurants unused capacity."
If you're a creator interested in joining Mealco's Brand Innovator program, please contact creators@mealco.co. To learn more about Mealco, visit mealco.co.
Mealco's technology empowers restaurants in the $800 billion food industry to turn their back-of-house resources into digital-friendly operations. With a mission to leverage technology to empower restaurants to thrive in a digital age, Mealco streamlines operations through aggregating online delivery channels into a single, easy-to-use tablet; expanding meal and brand offerings to match customer tastes; optimizing restaurants' online presence; and reducing food delivery costs, all of which enable restaurants to grow their customer base and increase revenue and profitability. For more information, visit www.mealco.co.
Media Contacts
Raquel Cona / Shana Marino
KCSA Strategic Communications
rcona@kcsa.com / smarino@kcsa.com
212.896.1204 / 347.487.6189
View original content:
SOURCE Mealco/KCSA WORLDWIDE | https://www.whsv.com/prnewswire/2022/08/17/calling-all-food-creators-partner-with-mealco-launch-your-virtual-restaurant-brand/ | 2022-08-17T13:43:35Z |
Carrum's Value-Based Centers of Excellence Solution Now Easily Accessible to Accolade Clients for More Affordable, Appropriate Surgical Care
SAN FRANCISCO, Aug. 17, 2022 /PRNewswire/ -- Carrum Health, the first digital health company connecting employers and employees to Centers of Excellence (COEs) through a technology-powered platform focused on delivering value-based care, today announced a partnership with Accolade (Nasdaq: ACCD) to deliver a fully integrated healthcare experience with proven cost savings and improved care outcomes. Accolade clients can now easily activate Carrum's value-based COE program through their existing contract and quickly offer their employees access to personalized guidance and treatment from best-in-class providers that have been rigorously evaluated and selected using industry-leading quality algorithms.
"When faced with a major medical event like surgery, cancer, or childbirth, patients are often overwhelmed by the healthcare system, and worst of all the financial stress and uncertainty of medical bills. Carrum Health gives patients peace of mind by assuring the most appropriate and highest quality care for zero or minimal out of pocket costs," said Brent Nicholson, co-founder and chief partner officer for Carrum Health. "Our partnership with Accolade further substantiates that there is a better way to pay for and deliver healthcare, especially now as employers look to reduce healthcare costs while delivering improved outcomes and experiences for their employees."
Carrum Health is the only COE provider to offer a patient-facing app to guide members through their entire COE experience and also launched the industry's first bundled cancer care for employers, in partnership with the nation's leading cancer institutions like Memorial Sloan Kettering and City of Hope. The platform supports members in need of musculoskeletal, bariatric, oncology, cardiac and maternity care through a value-based bundled payment solution. Accolade clients can also access CarrumComplete™, the only single stop for surgical care, which matches employer populations with the highest quality surgeons from both the Carrum Health COE Network and options within the employer's health plan to eliminate the need for travel.
"We're excited to welcome Carrum Health to our Trusted Partner Ecosystem. Carrum has a proven track record of delivering strong clinical outcomes as well as cost savings to both members and employers," said Kristen Weeks, vice president of strategy and corporate development at Accolade. "This partnership reflects an ongoing commitment to our mission – by making another well vetted, high-quality solution easily available to our customers and facilitating easy access to the service through our Trusted Partner Ecosystem program, we're ultimately doing even more to help our members make the best decisions for their health and well-being."
Carrum Health is the only COE program with independent, peer-reviewed validation of cost savings. According to a study by the RAND Corporation published in Health Affairs, Carrum Health reduces unnecessary procedures by as much as 30% and saves employers up to 45% per episode of care.
For more information visit www.carrumhealth.com
About Accolade
Accolade (Nasdaq: ACCD) provides millions of people and their families with an exceptional healthcare experience that is personal, data driven, and value based to help every person live their healthiest life. Accolade solutions combine virtual primary care, mental health support and expert medical opinion services with intelligent technology and best-in-class care navigation. Accolade's Personalized Healthcare approach puts humanity back in healthcare by building relationships that connect people and their families to the right care at the right time to improve outcomes, lower costs and deliver consumer satisfaction. Accolade consistently receives consumer satisfaction ratings over 90%. For more information, visit accolade.com.
About Carrum Health
Carrum Health offers the first value-based complete surgical care platform that combines the benefits of a bundled payments Centers of Excellence (COE) with surgical guidance and coordination to deliver the highest quality, most appropriate care. By connecting self-insured employers with the top 10% of doctors and facilities across the nation, Carrum reduces unnecessary procedures by as much as 30% and aligns cost and care incentives to save employers up to 45% per episode of care, all validated by peer-reviewed publications. Carrum's award-winning technology gives members access to a mobile app and Care Specialist that guides them through the surgery process, and a seamless platform integration to make COE adoption plug-and-play for employers. Backed by Tiger Global, Carrum was named to the 2021 CB Insights Digital Health 150 and named one of the best places to work in 2022 by Built In. The company, founded in 2014, is headquartered in Silicon Valley. For more information, visit carrumhealth.com.
View original content to download multimedia:
SOURCE Carrum Health | https://www.whsv.com/prnewswire/2022/08/17/carrum-health-selected-trusted-partner-by-accolade-help-employers-achieve-immediate-tangible-cost-savings/ | 2022-08-17T13:43:41Z |
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- BNY Mellon Wealth Management today released its 2022 Annual Charitable Gift Report, which found that charitable giving started to rebound in 2021 after declining in 2020, with the number and total dollar amount of gifts increasing (10%), and the average gift size also increasing (27%).
Positive Progress in 2021
Charitable gift activity overall returned to historical, pre-pandemic trends as many nonprofits found ways to pivot and discover new approaches to build support for their missions and connect with donors.
"The financial markets held strong in 2021 and the planned giving activity demonstrated how sustainable the giving increase in 2020 was – and even with the present market uncertainty, people don't stop giving," said Crystal Thompkins, head of philanthropic solutions at BNY Mellon Wealth Management. "With the majority of planned gifts still being funded with cash, it's important to focus on conversations about appreciated assets and ownership. There are significant opportunities for nonprofits to optimize giving by working with donors to consider non-cash gifts and craft unique gift solutions."
- Gift by Size: Gifts of more than $100,000 represented 29% of the total contracts in 2021 but accounted for 85% of the total gift dollars. Gifts between $10,000 and $50,000 represented most contracts at 54%, the same as in 2020.
- Cash Gifts vs. Non-Cash Gifts: Cash gifts are still by far the most popular (83%), with non-cash gifts representing 17%, nearly identical to year over year comparisons.
- Gift Flows: The gift flow ratio was 1.09, indicating new gift activity outplaced gift terminations. This was driven by healthcare organizations that experienced an increase in gift flows from .68 in 2020 to 2.24 in 2021. Faith-based/religious organizations experienced the biggest drop, decreasing from 2.94 in 2020 to .93 in 2021.
- New Trust Activity: There was a 33% increase in new trust activity year over year, though total gift amounts decreased and the dollar amount of additions to trusts decreased by 50%.
Thompkins commented, "Although there was a slight uptick in the number of new trusts in 2021, trust activity continues its relatively flat to downward trend since the 2008-09 recession driven by lower charitable deductions due to the low applicable fed rate (AFR) and donors looking to make a more immediate impact with their giving. That said, trusts are still a giving strategy that can provide solutions to both tax and estate planning needs and philanthropic goals, especially as part of a comprehensive giving strategy."
New Donors Outnumber Repeat Donors
When donors have access to the right information and advice, they are able to explore more charitable options to achieve their philanthropic goals. While attorneys and CPAs play an important role with donors in terms of gift execution, wealth advisors provide significant guidance when it comes to donors' philanthropy.
- New Versus Repeat Donors: New donors (51%) outnumbered repeat donors (49%) and made larger gifts on average (18.5% increase in average gift size).
Donor Advised Funds Remain a Bulletproof Strategy, According to BNY Mellon Wealth Management's Client Activity
Donor advised funds (DAFs) continue to be an important part of the philanthropic landscape, and often are considered as the preferred option for charitable giving. According to the report, grants distributed through the BNY Mellon Charitable Gift Fund experienced a record-level gift activity in 2021, with an increase in gift count of 93%, and gift amount of 55%.
"During times of economic uncertainty when capacity for charitable giving may be limited, donors with DAFs are well positioned to provide critical funding to nonprofits when it's needed the most," says Thompkins. "DAFs are being used in creative estate and tax planning strategies to promote legacy, family and next generation giving, which historically have been factors in forming private foundations."
The full 2022 Annual Charitable Gift Report, which includes additional findings from BNY Mellon Wealth Management's Charitable Giving Study and supporting data around BNY Mellon's Charitable Gift Fund's record-level gift activity, is available here.
Upcoming 2022 Annual Planned Giving Conference
Crystal Thompkins will host the upcoming Planned Giving Conference on September 14, 2022, featuring an in-depth look at the 2022 Charitable Gift Report findings. The annual conference convenes charitable gift planning professionals, individuals on boards of nonprofit organizations and advisors working with nonprofit organizations for a series of keynote presentations, panel discussions, peer roundtables and insights from industry experts.
About the 2022 Annual Charitable Gift Report
BNY Mellon Wealth Management's 2022 Charitable Gift Report assesses the philanthropic landscape, levels of giving over the past five years and donor behavior to provide insights, context, and benchmarks. This report provides analytics and observations on the charitable gift annuity (CGA) and charitable remainder trust (CRT) activity during the calendar year 2021 for 101 nonprofit organizations and the BNY Mellon Charitable Gift Fund. This includes stats related to life income or planned gifts. Organizations represented included education (56%); faith-based (20%); social services/other (14%); cultural (6%); and healthcare (4%). Data for the report is based on completed gift records in BNY Mellon's database as of March 30, 2022.
About BNY Mellon Wealth Management
For more than two centuries, BNY Mellon Wealth Management has provided services to financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has $264 billion in total client assets as of June 30, 2022, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which delivers leading wealth advice across investments, banking, custody, and wealth and estate planning, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. A line of business within Wealth Management, BNY Mellon Investor Solutions includes the firm's institutional multi-asset solutions business. The Investor Solutions AUM/AUA is $25.1bn as of June 30, 2022. For more information, visit www.bnymellonwealth.com or follow us on Twitter @BNYMellonWealth.
Media Contact:
Ben Tanner
212-635-8676
Ben.Tanner@bnymellon.com
View original content to download multimedia:
SOURCE BNY Mellon Wealth Management | https://www.whsv.com/prnewswire/2022/08/17/charitable-gift-activity-nearing-pre-pandemic-levels-according-bny-mellon-wealth-management-2022-annual-charitable-gift-report/ | 2022-08-17T13:43:48Z |
MIAMI, Aug. 17, 2022 /PRNewswire/ -- CHEQ announced a partnership with PepsiCo Beverages North America (PBNA) to bring their combined offering to stadiums, universities, and restaurants, starting in the Miami, Florida market and expanding soon to the rest of the nation.
CHEQ's technology allows consumers to place on-premise food and beverage orders from their mobile devices and have it delivered to their seats. Together, the combined food-tech offering will ensure that guests at large and small venues can order food without the wait, get the brands they love, and enjoy friction-free on-premise experiences.
The companies' first collaboration kicks off in the Marlins' loanDepot park, showing baseball fans how their favorite food orders are #BetterwithPepsi. The CHEQ technology will also launch at Hard Rock Stadium, home of the Miami Dolphins on August 20th, via five co-branded concession stands featuring PepsiCo beverage products, including Pepsi, Sierra Mist, and Mountain DEW. Under the partnership, CHEQ and PBNA plan to expand the offering to additional professional sports stadiums, colleges and universities, as well as smaller restaurants and retail outlets.
"At PBNA, we're constantly looking for ways to improve our consumers' experiences and bring our beverage brands closer to them. This partnership with CHEQ allows us to take that to the next level," said Paul Mihovilovic, Vice President Food Service Sales, PBNA South Division. "With innovations like Order to Seat and Order Ahead at stadiums, and Shared Tab and Customizable Preferences at restaurants, we know sports fans will appreciate spending more time in their seats, experiencing the thrill of live sports along with their favorite fan meal and a cold Pepsi"
"Pepsi has many of the most dynamic, customer-engaging food and drink brands in the world," added CHEQ's CEO, Thomas Lapham. "Partnering with them is an amazing opportunity to scale our technology alongside the world-leader in a win-win dynamic. Pepsi also provides consultative services to their venue partners to help with menu optimization to maximize profitability. This fits well with our core value of uplifting the local communities that we serve."
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $79 billion in net revenue in 2021, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with PepsiCo Positive (pep+). pep+ is our strategic end-to-end transformation that puts sustainability at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com.
CHEQ is the world's first social payments platform, connecting consumers and businesses to create frictionless, amazing in-person experiences. CHEQ's universal ordering and payment app can be used by any restaurant, café, bar, or stadium to make transactions fun, easy, and worry- free. Users can even send food and drinks directly to their friends from anywhere in the world. CHEQ lets venues retain their unique branding within the app and keep their direct relationships with their guests. To learn more about the partnership visit www.cheqplease.com/pepsi. For media information write to media@cheq.io.
View original content to download multimedia:
SOURCE CHEQ, Inc. | https://www.whsv.com/prnewswire/2022/08/17/cheq-partners-with-pepsico-beverages-north-america-enhance-fan-experience-south-florida/ | 2022-08-17T13:43:55Z |
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as lead arranger for $67.5 million in financing for the acquisition and future expansion of the Northwest Specialty Hospital in the Greater Spokane market region.
The property consists of a multi-specialty surgical hospital with 32 beds, eight operating rooms, two procedure rooms, two anesthesia recovery units, an endoscopy center and a connected 36,000-square-foot medical office building located in Post Falls, Idaho, part of the Greater Spokane market.
The buyer is Hammes Partners, an investment management firm that invests on behalf of institutional investors with an exclusive focus on the U.S. healthcare real estate market.
"Northwest Specialty Hospital and its medical office building are top-notch properties that support quality medical care in a fast-growing region where demand is strong," said Todd Kibler, Managing Principal of Hammes Partners. "Through the years we have developed a very solid banking relationship with CIT. We appreciate their Healthcare industry knowledge, market awareness, agility, and commitment to timely and consistent execution."
"Hammes Partners is well-regarded throughout the industry for their investments in high-quality medical properties," said William Douglass, managing director and group head for CIT Healthcare Finance.
"We are pleased to continue to support Hammes Partners and expand upon our significant and growing relationship through the arrangement of this very important financing," said Steve Reedy, a managing director in Healthcare Finance.
CIT's Healthcare Finance unit, part of the Commercial Finance division, provides comprehensive financing and banking solutions to middle market healthcare companies across the U.S. By using a client-focused and industry-centric model, Healthcare Finance can tailor its products and services to help clients meet their needs for capital.
About CIT
CIT is a division of First Citizens Bank, the largest family-controlled bank in the United States, continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. Parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $100 billion in assets. The company's commercial banking segment brings a wide array of best-in-class lending, leasing and banking services to middle-market companies and small businesses from coast to coast. First Citizens also operates a nationwide direct bank and a network of more than 600 branches in 22 states, many in high-growth markets. Industry specialists bring a depth of expertise that helps businesses and individuals meet their specific goals at every stage of their financial journey. Discover more at cit.com/firstcitizens.
MEDIA RELATIONS:
John M. Moran
212-461-5507
john.moran2@firstcitizens.com
View original content to download multimedia:
SOURCE CIT, a division of First Citizens Bank | https://www.whsv.com/prnewswire/2022/08/17/cit-arranges-675-million-financing-acquisition-expansion-surgical-hospital-adjacent-medical-office/ | 2022-08-17T13:44:01Z |
Connect Attendees to Learn about Clearwater's Award-Winning Platform and Explore the Future of Investment Operations
BOISE, Idaho, Aug. 17, 2022 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that it will host its annual user conference, Clearwater Connect 2022, from September 13 to September 15, 2022, at the Boise Centre in Boise, Idaho.
Connect attendees will get a first look at the newest features and capabilities of the Clearwater platform and learn how these innovative technologies can be used to significantly boost business productivity and growth opportunities.
A Power-Packed Speaker Line-Up and an Immersive Educational Experience
The speaker lineup for Clearwater Connect 2022 includes a range of experts who rely on Clearwater's SaaS-based, state-of-the-art solutions, to conduct faster, accurate reporting to gain a competitive advantage. More than 500 experts in accounting and finance will have the opportunity to gain insights from some of the top minds in the industry, including business leaders from NAIC, PMA Asset Management, Transamerica and more. Some of our event speakers include:
- Susan Agbenoto, Director of Investment Performance at Opus Investment Management
- Dale Bruggeman, Chief, Policy and Development, Foreign Analysis and Administration at Ohio Department of Insurance
- Courtney Clarke, Vice President, Institutional Portfolio Manager at PMA Asset Management, LLC
- Bryan DeJonge, Investment Accounting Finance Director, Blue Cross Blue Shield of Michigan
- Eric Hansen, Senior Director Investment Reporting at Transamerica
- Peter Kelly, Manager, Securities Valuation Office at the NAIC
- Mandy Savage, Director, Investment Management and Assistant Treasurer at BlueCross BlueShield of Tennessee
- Richelle Sugiyama, Investment Officer at Public Employee Retirement System of Idaho
- Sandeep Sahai, Chief Executive Officer at Clearwater Analytics
Attendees can choose to attend sessions across three primary tracks. Both the Accounting and Operational Best Practices and the Market Insights tracks offer continuing education credits while attendees learn about industry-relevant topics and upcoming regulatory changes. The Clearwater Product Training track offers a deep dive into the Clearwater platform, with live product demonstrations on how Clearwater technology and services can simplify investment accounting and reporting. Conference attendees can also register for 1:1 sessions with Clearwater Analytics experts for the opportunity to learn more about solutions that address their specific business needs.
Additionally, Clearwater Connect will recognize the success and accomplishments of individuals, teams and firms during the Clearwater Connect 2022 Client Awards ceremony. Visit the Clearwater Connect 2022 Client awards site to learn about the six award categories and nominate your team or team members today.
Attend Special Networking Events
Attendees will explore the special networking events taking place throughout the conference and have multiple opportunities to mingle in-person with investment accounting enthusiasts who span the globe and represent major industries, including banks, investment houses, insurance companies, consumer finance companies, mortgage lenders, and real estate investment trusts (REITs), among others.
Connect participants are invited to share their own valuable knowledge and experiences in small group breakout sessions and learn from peers as they facilitate discussions on a wide range of topics uniquely relevant to investment operations.
This year's Connect takes place in Boise, near Clearwater Analytics' headquarters, and will host several days' worth of recreational activities to showcase the thriving urban culture of Boise and the natural beauty of the surrounding area.
"Clearwater's clients value best practices and connections, and this year, we're thrilled to offer them a variety of opportunities to gain essential knowledge and interact with both our team and each other," said Subi Sethi, Chief Client Officer at Clearwater Analytics. "Our goal is to inspire attendees with our strategic vision, innovative platform, and collective knowledge that promises to accelerate growth and streamline operations."
"This year, Clearwater Connect offers an immersive learning experience where the world's most influential institutions and market leaders will discuss, debate, and navigate the highly complex and ever-changing world of investment accounting and operations," said Susan Ganeshan, Chief Marketing Officer at Clearwater Analytics. "From advances in risk management, to investment reporting, to the latest NAIC regulatory updates, a plethora of solutions to operations challenges will be unveiled at Clearwater Connect."
Connect with Clearwater
- Register to attend Clearwater Connect 2022.
- Follow Clearwater Analytics on LinkedIn and Twitter.
- Join the Clearwater Connect conversation on social media channels by using the hashtag #CWANConnect2022.
About Clearwater Analytics
Clearwater Analytics is a global industry-leading SaaS solution for automated investment data aggregation, reconciliation, accounting, compliance, risk, performance, and reporting. Each day, the Clearwater solution reports on more than $5.9 trillion in assets for clients that include leading insurers, asset managers, corporations, pension plans, governments, and nonprofit organizations – helping them make the most of their investment portfolio data with a world-class product and client-centric servicing. Investment professionals around the globe trust Clearwater to deliver timely, validated investment data and analytics. Additional information about Clearwater can be found at clearwateranalytics.com, LinkedIn, and Twitter.
View original content to download multimedia:
SOURCE Clearwater Analytics | https://www.whsv.com/prnewswire/2022/08/17/clearwater-analytics-feature-innovations-investment-accounting-clearwater-connect-2022/ | 2022-08-17T13:44:08Z |
LOS ANGELES, Aug. 17, 2022 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("Clubhouse Media"), an influencer-based social media firm and digital talent management agency, has announced financial results for the second quarter of 2022.
- Total net revenue increased 104% to $1,900,932, compared to $929,962
- Operating expenses decreased 79% to $1,040,549, compared to $5,030,964
- Operating loss decreased 90% to $492,977, compared to $4,966,105
- Net loss decreased 32% to $4,926,112, compared to $7,310,343
"We are pleased with our second quarter results that continue to demonstrate our commitment to growing our business in a sustainable way, while reducing our expenses dramatically," said Amir Ben-Yohanan, CEO of Clubhouse Media. "The revenue growth was driven mainly by both the higher quantity and quality of brand and agency deals with creators, as well as the growth of our Honeydrip platform. We expect that the further expansion of our sales team will be a key driver of revenue growth in future quarters."
"I'm excited about the revenue growth this quarter. We were able to close numerous brand promotional deals with some large and well-known brands and talent. As we continue to build on and strengthen these relationships, I'm confident in the growth opportunities moving forward," added Scott Hoey, Chief Financial Officer of Clubhouse Media.
Clubhouse Media offers management, production, and deal-making services to its handpicked influencers, a management division for individual influencer clients, and an investment arm for joint ventures and acquisitions for companies in the social media influencer space.
Follow Clubhouse Media on Twitter: https://twitter.com/ClubhouseCMGR
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements". Forward-looking statements also may be included in other publicly available documents issued by Clubhouse Media and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.
Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause Clubhouse Media's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for Clubhouse Media's products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission (the "SEC") from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K, which are available on the SEC's website at sec.gov. We assume no obligation to update any forward-looking statements contained in this press release.
View original content to download multimedia:
SOURCE Clubhouse Media Group, Inc. | https://www.whsv.com/prnewswire/2022/08/17/clubhouse-media-group-inc-reports-second-quarter-2022-net-revenue-19-million-104-increase-same-period-2021/ | 2022-08-17T13:44:14Z |
Designation reflects company's commitment to protecting sensitive data and meeting key regulations
BOSTON, Aug. 17, 2022 /PRNewswire/ -- Today Cohere Health, a recognized leader in intelligent utilization management (UM) technology, announced that its UM collaboration platform has received Certified status for information security by HITRUST. This coveted designation places Cohere in an elite group of organizations that have demonstrated the utmost commitment to security, privacy, and regulatory compliance best practices.
"Achieving HITRUST certification shows that we're at the forefront of providing the highest standards of data security and protection," said Niall O'Connor, Chief Technology Officer, Cohere Health. "From the beginning, we've been rigorous about building a modern stack with stringent security and privacy standards to protect our clients' data. This achievement validates our ability to provide the highest level of risk assurance."
The HITRUST Risk-based, 2-year (r2) Certification, previously known as HITRUST CSF® certification, demonstrates that Cohere's intelligent UM collaboration platform has met key regulations and industry-defined requirements and is appropriately managing risk. HITRUST is globally recognized as the industry gold standard for information protection assurances due to its comprehensive control requirements, depth of quality review, and consistent oversight. The HITRUST Validated Assessment evaluates a company's risk exposure due to data volumes, regulatory compliance, and other risk factors. Certification demonstrates that Cohere's platform meets all national and international security, privacy, and regulatory standards, including ISO, NIST, PCI, HIPAA, and GDPR.
Cohere's intelligent UM collaboration platform aligns patients, physicians, and health plans on evidence-based care plans to improve clinical outcomes and speed patient access to high-quality care. The SaaS platform digitizes prior authorization requests from all sources, using transparent, AI-enabled recommendations to ensure complete and clinically appropriate requests before submission; the platform then automates request processing, including clinical review. Cohere's emphasis on clinical best practices and reduced care variation has helped health plans reduce denial rates by 63% and increase quality outcome metrics by 11-43%, while simultaneously decreasing medical costs by 15+%.
Cohere is one of the few companies focused on UM to earn HITRUST r2 certification, and was also the first digital prior authorization platform to achieve Utilization Management Accreditation from the National Committee for Quality Assurance. To maintain HITRUST certification, Cohere must ensure regular third-party monitoring of its intelligent UM collaboration platform, including the testing of hundreds of security controls.
"The HITRUST Assurance Program is the most rigorous available, consisting of a multitude of quality assurance checks, both automated and manual," said Vincent Bennekers, Vice President of Quality, HITRUST. "Cohere's achievement is uncommon for a young company, and speaks volumes about the company's processing maturity and its commitment to safeguarding sensitive data."
About Cohere
Cohere Health is a clinical intelligence company that is transforming utilization management (UM) by aligning physicians and health plans on evidence-based care paths for the patient's entire care journey. By integrating these care paths into the prior authorization submission process, Cohere's digital UM collaboration platform reduces denial rates and medical expenses while improving patient outcomes. The company is a winner of the TripleTree iAward and has been named to both Fierce Healthcare's Fierce 15 and CB Insights' Digital Health 150 lists. Cohere's investors include Flare Capital Partners, Define Ventures, Deerfield, Polaris Partners, and Longitude Capital.
CONTACTS:
Jessica Smith
Amendola Communications for Cohere Health
jsmith@acmarketingpr.com
View original content to download multimedia:
SOURCE Cohere Health | https://www.whsv.com/prnewswire/2022/08/17/cohere-healths-utilization-management-platform-earns-hitrust-r2-certification/ | 2022-08-17T13:44:21Z |
Innovative new feature is a direct result of customer feedback and helps small businesses build relationships with customers beyond email
WALTHAM, Mass., Aug. 17, 2022 /PRNewswire/ -- Constant Contact, a digital marketing platform trusted by millions of small businesses and nonprofits, today announced the launch of SMS Marketing, a new feature that enables small businesses to leverage text message campaigns to reach, engage and retain their customers. The new capability was developed to help Constant Contact customers create stronger relationships with their customers by allowing easy communication with them through their preferred channels.
In an increasingly mobile-first world, Constant Contact research shows that over half of consumers would consider making a purchase after receiving a text message from a small business. SMS Marketing helps Constant Contact customers capitalize on that intent by enabling them to quickly create, personalize and send text message campaigns.
Popular features, such as a character counter and link shortener, are built directly into the SMS capabilities to provide an enjoyable user experience and reduce the friction associated with starting a new campaign. Businesses also receive a unique phone number with a local area code (10DLC) from which to send texts, which builds trust with consumers and significantly increases message deliverability. Constant Contact also helps SMS customers obtain consent before they start sending SMS messages, similar to the process for email marketing.
"Our customers needed a way to reach consumers via text, so we took their feedback and designed an innovative tool that feels like a natural extension of the Constant Contact experience," said Ben Kaplan, VP of Product at Constant Contact. "SMS Marketing is integrated directly into the platform, making it incredibly easy for customers in all verticals to start leveraging text messages in conjunction with their other marketing. Whether it's email marketing, posting on social media, hosting an event or selling online, the addition of SMS makes our platform a more robust and reliable place for small businesses to handle all their digital marketing."
"We are always trying to become more accessible to our customers, and even if they can't call, or stop by the store, we realized that many of them would be open to communicating with us through text," said Mary Ginder, co-owner of Gindo's Spice of Life. "Creating a text campaign with Constant Contact is quick and simple, and we are excited that it gives us another way to build stronger relationships with customers and expand our business."
- Automated triggers – Similar to email automation, SMS Marketing leverages behavior-driven triggers to help small businesses automate SMS messages for use cases like welcome texts and drip campaigns.
- Insightful reporting – Essential metrics help SMS Marketing users measure the success of their campaigns by highlighting which text messages were delivered, what type of content generated clicks and which ones prompted a customer to unsubscribe. Additionally, users can access revenue data to understand which messages spurred a customer to make a purchase.
- Lead generation landing page – Users can easily create a custom website landing page designed to help generate new business and encourage customers to sign up for SMS messages.
- SMS sign-up email template – Customers can take advantage of a customizable email template to grow their subscriber lists by encouraging their Constant Contact email subscribers to opt into SMS messages as well.
Constant Contact's SMS Marketing is immediately available in the U.S. to current customers, and anyone who starts a new free trial, as an add-on to any Constant Contact package. Introductory pricing starts as low as $5 per month for a limited time and includes up to 500 text messages.
Constant Contact delivers for small businesses and nonprofits with powerful tools that simplify and amplify digital marketing. Whether it's driving sales, growing a customer base or engaging an audience, we deliver the performance and guidance to build strong connections and generate powerful results. For more information, visit www.constantcontact.com.
View original content to download multimedia:
SOURCE Constant Contact | https://www.whsv.com/prnewswire/2022/08/17/constant-contact-debuts-sms-marketing/ | 2022-08-17T13:44:27Z |
SANTA CLARA, Calif., Aug. 17, 2022 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced that it will report financial results for its fiscal second quarter ended July 31, 2022 on Wednesday, September 7, 2022 after market close.
Couchbase will host a live webcast at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day to discuss its financial results. The live webcast and a webcast replay can be accessed from the investor relations page of Couchbase's website at investors.couchbase.com.
At Couchbase, we believe data is at the heart of the enterprise. We empower developers and architects to build, deploy and run their most mission-critical applications. Couchbase delivers a high-performance, flexible and scalable modern database that runs across the data center and any cloud. Many of the world's largest enterprises rely on Couchbase to power the core applications their businesses depend on. For more information, visit www.couchbase.com.
View original content to download multimedia:
SOURCE Couchbase, Inc. | https://www.whsv.com/prnewswire/2022/08/17/couchbase-announces-date-second-quarter-fiscal-2023-financial-results-conference-call/ | 2022-08-17T13:44:34Z |
IRVINE, Calif., Aug. 17, 2022 /PRNewswire/ -- Edwards Lifesciences Corporation (NYSE: EW), today announced the company's PASCAL Precision transcatheter valve repair system received CE Mark for the treatment of mitral and tricuspid regurgitation (MR and TR).
"Delivering the PASCAL Precision system to clinicians in Europe marks another significant step in our partnership with physicians who treat the large population of patients with mitral and tricuspid valve disease," said Bernard J. Zovighian, Edwards' corporate vice president, transcatheter mitral and tricuspid therapies. "Edwards has a long history of innovation, and the significant advancements in the PASCAL Precision system are designed to improve clinicians' ability to provide positive outcomes for patients with both MR and TR."
The PASCAL Precision system is utilized in the treatment of patients with mitral or tricuspid regurgitation, through a single delivery system. The new system is designed to enable precise navigation and implant delivery.
"The PASCAL Precision system provides significant advancements in operator experience with implant delivery," said Prof Jörg Hausleiter, Professor of Medicine and the Deputy Clinic Director at the Ludwig-Maximilians University in Munich, Germany. "Having successfully treated my first patient with the PASCAL Precision system, I found it easy to operate and the improved catheter response and stability gave me greater control to place the implant exactly where I needed to."
The PASCAL Precision system includes PASCAL and PASCAL Ace implants, which feature independent grasping, atraumatic clasp and closure, and implant versatility including the ability to elongate and navigate complex anatomy.
The PASCAL Precision system is one of multiple transcatheter repair or replacement therapies in development by Edwards that are designed to address mitral and tricuspid valve diseases. The company is committed to transforming the treatment of mitral and tricuspid patients, supported by a robust body of clinical evidence.
About Edwards Lifesciences
Edwards Lifesciences is the global leader of patient-focused innovations for structural heart disease and critical care monitoring. We are driven by a passion for patients, dedicated to improving and enhancing lives through partnerships with clinicians and stakeholders across the global healthcare landscape. For more information, visit Edwards.com and follow us on Facebook, Instagram, LinkedIn, Twitter and YouTube.
This news 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. Forward-looking statements are based on estimates and assumptions made by management of the company and are believed to be reasonable, though they are inherently uncertain and difficult to predict. Our forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement. Investors are cautioned not to unduly rely on such forward-looking statements.
Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those expressed or implied by the forward-looking statements based on a number of factors as detailed in the company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2021, and its Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30, 2022. These filings, along with important safety information about our products, may be found at Edwards.com.
Edwards, Edwards Lifesciences, the stylized E logo, Edwards PASCAL, Edwards PASCAL Precision, PASCAL, PASCAL Ace, and PASCAL Precision are trademarks of Edwards Lifesciences Corporation. All other trademarks are the property of their respective owners.
View original content to download multimedia:
SOURCE Edwards Lifesciences Corporation | https://www.whsv.com/prnewswire/2022/08/17/edwards-pascal-precision-transcatheter-mitral-tricuspid-valve-repair-system-receives-ce-mark/ | 2022-08-17T13:44:40Z |
With Three-Year Average Revenue Growth of 883%, Elevar ranks #714 Among America's Fastest-Growing Private Companies
CHARLESTON, S.C., Aug. 17, 2022 /PRNewswire/ -- Today, Elevar revealed they reached No. 714 on the annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. This milestone is a major accomplishment for Elevar, the company known to be a global authority and best-in-class solution for direct-to-consumer (DTC) brands using the Shopify and Shopify Plus eCommerce platform to collect the maximum amount of customer and conversion tracking data easily and reliably.
"Elevar is pumped to be amongst some of the most successful and renowned companies in the world," says Brad Redding, Founder and CEO at Elevar. "We optimize acquisition strategies for over 6,500 amazing D2C brands such as Vuori, Skims, Thrive Causmetics, Hunter Fans, and Le Creuset. This ranking is a testament to our success and our awesome team of talented people that help our customers every day."
This celebration of innovation comes in the wake of many recent company milestones, including:
- Achieving 4.9 out of 5 stars from client reviews on the Shopify app store
- Completing the individual and company certification process for Facebook Marketing Partners
- Developing a partner ecosystem of nearly 150 marketing, design/development, and technology partners
"We've 15x'd our business in 3 years since working with Elevar. Laying down the foundational work early so we could see that growth was key to our success," said Dylan Kim, Co-founder at Brevite.
Companies on the 2022 Inc. 5000 have been ranked according to percentage revenue growth from 2018 to 2021. Notable companies previously named to the list include Zappos, Timberland, Under Armour, Clif Bar, and Patagonia.
Click here to watch a brief demo on how Elevar can simplify your analytics and tagging strategy.
About Elevar: Elevar powers conversion tracking for direct-to-consumer brands on Shopify & Shopify Plus. Our server-side tracking transforms shopping behavior into structured, trackable events with attribution, resulting in near 100% conversion accuracy. With real-time event monitoring and pre-built tag templates for Facebook, Google Ads, Google Analytics, GA4, TikTok, and 30+ more digital marketing channels, we ensure brands never miss tracking a conversion. Rely on accurate data to make strategic business decisions with Elevar. www.getelevar.com
View original content to download multimedia:
SOURCE Elevar | https://www.whsv.com/prnewswire/2022/08/17/elevar-ranks-no-714-2022-inc-5000-annual-list/ | 2022-08-17T13:44:47Z |
LEAD PLAINTIFF DEADLINE IS SEPTEMBER 26, 2022
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a federal securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of persons and entities that purchased or otherwise acquired Enochian Biosciences, Inc. ("Enochian" or the "Company") (NASDAQ: ENOB) securities between January 17, 2018 and June 27, 2022, inclusive (the "Class Period"), including common stock issued by Enochian in a private placement offering on or about February 16, 2018.
All investors who purchased the shares of Enochian Biosciences, Inc. and incurred losses are advised to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain request additional information concerning the action at www.whafh.com.
If you have incurred losses in Enochian Biosciences, Inc. you may, no later than September 26, 2022, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Enochian Biosciences, Inc.
PLEASE CLICK HERE TO JOIN THE CASE
On May 25, 2022, the United States Department of Justice ("DOJ") announced that Serhat Gumrukcu, the co-founder and inventor of Enochian, had been arrested in a murder-for-hire conspiracy. The Company's shares fell $2.17, or 37%, to close that day at $3.70 per share.
Subsequently, on June 1, 2022, Hindenburg Research published a research report alleging, among other things, that the charge related to the murder of Gregory Davis, just days before Gumrukcu was to defend himself against felony fraud allegations related to a deal with Davis. According to the report, "[f]ederal prosecutors argued that the prospective merger deal that eventually resulted in Enochian going public served as a key motive for the murder." The report also alleged that Gumrukcu is not a licensed doctor in any jurisdiction in the world, that he had pled guilty to felony charges in the midst of the Company's merger, and that he "had siphoned tens of millions of dollars in shareholder cash from Enochian to his privately-owned entities." Additionally, Hindenburg alleged that Enochian has been aware of the foregoing allegations. On this news, the Company's shares fell $1.495, or 28.4%, to close at $3.77.
On June 27, 2022, The Wall Street Journal published an article concerning Gumrukcu's participation in the murder-for-hire conspiracy, claiming that Gumrukcu owed Davis over $900,000 after Gumrukcu coaxed Davis into entering into a fraudulent oil deal with him. The article further alleged that FBI agents were suspicious that Gumrukcu "had fabricated his resume and held neither a medical degree nor a doctoral degree." On this news, the Company's shares fell $0.73, or 21.9%, to close at $2.60 per share.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735 or via e-mail at classmember@whafh.com
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View original content to download multimedia:
SOURCE Wolf Haldenstein Adler Freeman & Herz LLP | https://www.whsv.com/prnewswire/2022/08/17/enochian-biosciences-inc-class-action-alert-wolf-haldenstein-adler-freeman-amp-herz-llp-announces-that-securities-class-action-lawsuit-has-been-filed-united-states-district-court-central-district-california-against-enochian-biosciences-inc/ | 2022-08-17T13:44:54Z |
Company implements planned leadership succession process
Entergy board of directors elects Chief Financial Officer Andrew Marsh as next CEO
NEW ORLEANS, Aug. 17, 2022 /PRNewswire/ -- Entergy Corporation announced today that Leo P. Denault, chairman and chief executive officer, will retire in 2023 following 23 years of service to the company and a 40-year career in the energy industry. As part of an orderly and planned leadership succession process, the Entergy board of directors elected Andrew "Drew" Marsh, executive vice president and chief financial officer, to succeed Denault as CEO, effective Nov. 1. Denault will continue to lead the board as executive chairman until his retirement. He will work closely with Marsh and the senior leadership team to support a smooth and organized transition that builds on the company's momentum in areas of customer solutions, renewable energy generation, infrastructure resilience and operational excellence.
"Leo Denault has shaped Entergy's purpose, culture and transformation with a relentless focus on creating long-term, sustainable value for customers, employees, communities and owners," said Stuart Levenick, Entergy's lead independent director. "Leo has built and led an experienced team that has consistently executed an orderly business strategy with solid underlying fundamentals, including a robust customer base, a strong financial position, a constructive regulatory environment, strong community partnerships, a talented, diverse workforce, and a world-class storm restoration organization. He has strengthened the business and positioned Entergy well for the future. While Leo will continue to serve Entergy for several more months, the entire board expresses its deep gratitude for his years of dedication, service and values-driven leadership. We are confident that Drew will carry the torch and continue serving all of Entergy's stakeholders well by creating sustainable value today and for future generations."
"When I think about Entergy's forward momentum and some of the milestones we've recently achieved, like the creation of our first-ever chief customer officer and the successful completion of our planned, multi-year strategy to exit the merchant power generation business, I realized this would be a logical time and a natural transition point for me in my career," said Leo Denault, Entergy chairman of the board and CEO. "Throughout my time at Entergy, I have endeavored to put our customers, the communities we serve and the company on a path that delivers long-term, sustainable value for all without leaving anyone behind. I'm immensely pleased and humbled by the many accomplishments our 12,000 strong team has achieved together."
Denault concluded, "Having worked closely alongside Drew for many years building Entergy's vision for the future, I have seen firsthand his strategic leadership, in-depth knowledge of all aspects of the business, and astute financial acumen. The future for Entergy is bright and there are significant opportunities ahead. I know Drew is the right person to successfully lead the company forward on the path we've built together."
Leo Denault, 62, was appointed chairman and CEO in 2013. Soon after, he guided the company through its 100-year milestone and later launched the company's forward-thinking vision, We Power Life. Denault led Entergy's transformation into a pure-play electric utility and set the company on the path to become the premier utility – one focused on delivering a cleaner, brighter and more sustainable future for everyone. As CEO of one of the cleanest large-scale U.S. utilities, Denault and his team have executed a strategic capital plan to modernize its power generation portfolio to ever cleaner and more resilient energy sources while maintaining some of the lowest electricity rates in the nation. Under Denault's leadership, Entergy has grown its service footprint to 3 million customers and has been recognized as a driving force behind the industrial expansion and job creation across the company's four states.
Prior to being named chairman and CEO, Denault served as executive vice president and chief financial officer beginning in 2004. He played a critical role in 2005 ensuring Entergy – the only Fortune 500 company with headquarters in New Orleans – returned to the city following Hurricane Katrina, the largest natural disaster in U.S. history at the time. He also helped restore confidence to the financial markets and helped rebuild the company's New Orleans utility, Entergy New Orleans, which was forced to file for bankruptcy after suffering a nearly total loss of its customers following the storm. Under his leadership as CFO, Entergy delivered the highest earnings per share and highest operating cash flow in company history in 2011 and 2010, respectively.
Among his numerous recognitions, Denault was honored as a Global Energy Awards finalist for the S&P Platts Global 2021 Chief Executive of the Year and by the Climate Leadership Conference with a 2021 Individual Leadership Award for accelerating Entergy's carbon reduction strategy to net-zero emissions by 2050 and advancing climate resilience initiatives throughout communities in the Entergy region. As CFO, he was named to Institutional Investor magazine's "2010 All-American Executive Team" and was ranked as the best CFO in the power industry in 2010 and 2009. Denault has also been recognized as a corporate champion for low-income customers and serves on the board of directors for Jobs for America's Graduates, a school-to-career program dedicated to removing barriers to graduation and/or employment for young people.
Andrew "Drew" Marsh, 50, joined Entergy in 1998 and served in a series of financial planning and strategy roles, including vice president, planning and financial communications, where he oversaw a large organization responsible for executing commercial operations for the Entergy utility operating companies. He was named executive vice president and chief financial officer in 2013. As CFO, Marsh has maintained Entergy's firm financial standing, ensuring the company is well-positioned to achieve its strategic business objectives. In addition to his role at Entergy, he is a member of the Nuclear Electric Insurance Limited board of directors, KIPP New Orleans Schools board of directors, and Posse New Orleans advisory board. He has a bachelor's degree in mechanical engineering from the University of Notre Dame and a master's degree in management from Kellogg Graduate School of Management at Northwestern University.
"I am both grateful and honored by the confidence the board has placed in me, and I'm honored to follow in my colleague and friend Leo Denault's footsteps," said Drew Marsh. "I will uphold Entergy's values and the strategy that he has instilled in our leadership team. I look forward to advancing our We Power Life vision as we continue our journey of becoming the premier utility for everyone."
Kimberly Fontan, 49, who has served as senior vice president and chief accounting officer since 2019, will succeed Marsh as executive vice president and chief financial officer. Prior to her current role, she served as vice president, system planning; vice president, regulatory services; and vice president, regulatory affairs. Fontan joined Entergy in 1996 as a staff accountant. She has held various roles of increasing scope and responsibility, including jurisdictional finance director for Entergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C., and controller, utility operations, in addition to the roles previously noted. In addition to her role at Entergy, she serves on the board of the New Orleans Center for Creative Arts.
Fontan has a bachelor's degree in business administration with an emphasis in accounting from The University of Southern Mississippi and an MBA from Loyola University New Orleans. She is a certified public accountant and a member of both the American Institute of Certified Public Accountants and the Mississippi Society of Certified Public Accountants.
Members of Entergy's senior leadership team will be:
- Rod West, group president, utility operations, will continue his current responsibilities overseeing Entergy's five utility businesses in Arkansas, Louisiana, Mississippi, New Orleans and Texas. He will continue to direct Entergy's engagement with state and local government regulators, economic development and the organization responsible for delivering quality customer experiences.
- Kimberly Fontan, chief accounting officer, has been appointed executive vice president and chief financial officer, where she will be responsible for corporate finance, treasury, accounting, internal audit, investor relations, and corporate development and planning.
- Marcus Brown, executive vice president and general counsel, will continue in his current role with responsibility for all legal, ethics and compliance, federal policy, regulatory and government affairs, communications, and corporate security and governance matters affecting Entergy Corporation and its subsidiaries.
- Chris Bakken, executive vice president and chief nuclear officer, has been appointed executive vice president of Entergy infrastructure, where he will have oversight responsibility for both the utility operations and the nuclear operations. In this expanded role, Bakken will draw from his extensive leadership career in nuclear energy to oversee operational excellence, reliability, resilience and an improved quality of service from Entergy's diverse power generation portfolio.
- Peter Norgeot Jr., executive vice president and chief operating officer, continues in his role with responsibility for safety and human performance, power generation, power delivery, system planning, capital projects, system resilience, and compliance with federal standards for critical infrastructure protection. Norgeot will report to Bakken.
- Kimberly Cook-Nelson, senior vice president, nuclear corporate services, has been named executive vice president of nuclear operations and chief nuclear officer, with responsibility for the safe and reliable operations of Entergy's four emissions-free nuclear plants located in Arkansas, Louisiana and Mississippi. Cook-Nelson will report to Bakken.
- Julie Harbert, senior vice president, corporate business services, will continue in her current role with responsibility for information technology, supply chain, finance operations, human resource operations, real estate, facilities, aviation, and continuous improvement.
- Kathryn Collins, senior vice president and chief human resources officer, will continue in her current role overseeing human resources strategy, including talent management, business partnerships, compensation, benefits, labor relations, organizational health, and diversity workforce strategies.
With decades of combined leadership experience, Entergy's senior leadership team has the breadth and depth to lead the company forward. These leadership appointments will be effective Nov. 1.
About Entergy
Entergy (NYSE: ETR), a Fortune 500 company headquartered in New Orleans, powers life for 3 million customers through its operating companies 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 12,000 employees are dedicated to powering life today and for future generations. Learn more at entergy.com and follow @Entergy on social media. #WePowerLife
View original content to download multimedia:
SOURCE Entergy Corporation | https://www.whsv.com/prnewswire/2022/08/17/entergy-chairman-ceo-leo-denault-announces-plans-retire-2023/ | 2022-08-17T13:44:55Z |
Allan joins Entrata's rapidly growing leadership team, bringing decades of property tech experience the company's core sales function
LEHI, Utah, Aug. 17, 2022 /PRNewswire/ -- Entrata, the multifamily industry's leading operating system, today announced the hire of Scott Allan as Senior Vice President of Sales. Scott joins the company with decades of sales experience in the property technology industry and will play a key role in fueling Entrata's customer growth as the company continues its focus on domestic and international expansion.
"This has been a milestone year for Entrata and we're very excited to have Scott and his expertise join our expanding leadership team," said Entrata CEO, Adam Edmunds. "With his vast experience, Scott understands the industry inside and out, bringing an invaluable perspective to our sales function. He joins the team at an exciting period in our company's journey, and his expertise will help propel us to the next stage of growth as we work to further globalize our platform."
An industry veteran, Allan previously held marketing and sales leadership positions at several of the property technology industry's largest companies including RealPage, Yardi and G5. He most recently served as the Chief Growth Officer of REPLI, where he oversaw the company's sales and marketing departments, growth strategy and go-to-market product launches.
"Entrata is a true innovator in the multifamily housing industry — bringing an innovative, and much needed platform solution to millions of renters and property managers across North America," said Allan. "They have built an impressive customer base, and I couldn't be happier to bring my market expertise, growth strategy knowledge and sales experience to the team. I'm looking forward to helping drive the global expansion of Entrata's customer network."
Allan's appointment is the latest leadership hire in Entrata's heavy investment in personnel over the past year, including notable growth in its C-Suite. After announcing its first international expansion with a move into Canada earlier this spring, the company is on track to continue the globalization of its exclusive single-login, open-access property management platform.
For more information about Entrata and its technology, please visit www.entrata.com.
About Entrata
Entrata is the leading operating system for multifamily communities worldwide. Setting the bar for innovation in property management software since 2003, Entrata offers solutions for every step of the leasing lifecycle and empowers owners, property managers, and renters to create stronger communities. Entrata currently serves over three million residents across more than 20 thousand multifamily communities around the globe. Learn more at www.entrata.com.
View original content to download multimedia:
SOURCE Entrata | https://www.whsv.com/prnewswire/2022/08/17/entrata-appoints-property-tech-veteran-scott-allan-svp-sales-drive-expansion-global-customer-base/ | 2022-08-17T13:45:06Z |
Allē Double Point Promotion Encourages Consumers to See the JUVÉDERM® Difference
IRVINE, Calif., Aug. 17, 2022 /PRNewswire/ -- Allergan Aesthetics, an AbbVie company (NYSE: ABBV), invites consumers to experience the JUVÉDERM® difference. The JUVÉDERM® Collection of Fillers is the number one selling collection of dermal fillers on the market and offers the largest portfolio of fillers specifically designed for different areas of the face to address key patient concerns, enabling a customized treatment approach.1 Injectable dermal fillers are highly sought-after treatments among consumers who are looking to address key signs of aging or to simply accentuate what is already naturally theirs.
Right now, consumers can earn double points in Allē, Allergan Aesthetics' loyalty rewards program, when treated with two or three syringes from the JUVÉDERM® Collection of Fillers during the same visit. Allē points can be redeemed for future Allē-eligible treatments or products. The promotion runs through Friday, September 30, 2022. Allē members can also use the Allē Flash program to determine if they are eligible for additional savings.
"We estimate that in the U.S., 20 million consumers are interested in receiving treatment with a dermal filler in the next two years.2 We help support and grow the filler market while ensuring that all consumers who are interested in talking to their specialist about treatment with the JUVÉDERM® Collection of Fillers have access to education and the product. Recently, we launched a YouTube channel to provide deeper patient education and it has more than five million views since launch," said Carrie Strom, Global President Allergan Aesthetics. "The JUVÉDERM® Collection of Fillers is the number one chosen dermal filler collection in the U.S. and approved for all skin tones.1, 3-5 We are excited to share our passion for the JUVÉDERM® Collection of Fillers with consumers through this limited time offer. We invite them to talk to their specialist and experience the JUVÉDERM® difference for themselves."
The JUVÉDERM® difference is achieved with a wide range of minimally invasive treatment options that provides instant results that are long-lasting and natural-looking.6-12 Additionally, the JUVÉDERM® Collection of Fillers' VYCROSS® technology is the number one chosen dermal filler technology worldwide.1 As the number one chosen dermal filler collection worldwide, JUVÉDERM® boasts the top chosen fillers for cheeks (JUVÉDERM® VOLUMA® XC), lower face wrinkles and folds (JUVÉDERM® Ultra Plus XC and JUVÉDERM® VOLLURE® XC), lips (JUVÉDERM® Ultra XC and JUVÉDERM® VOLBELLA® XC), and perioral lines (JUVÉDERM® VOLBELLA® XC).1
"I use the full JUVÉDERM® Collection of Fillers to achieve optimal aesthetic outcomes for my patients," said Dr. Deborah Sherman, board certified, fellowship trained ophthalmic plastic surgeon and master injector. "As one of the longest standing filler manufacturers in the industry, it's a brand I trust due to the years of clinical studies and safety data available to help me feel confident in the product I'm offering to my patients. Even the JUVÉDERM® syringe itself is innovative – it's the first and only certified ergonomic syringe that helps minimize hand fatigue so I can comfortably treat patients all day long. JUVÉDERM® enables me to offer my patients a suite of premium products that deliver smooth, natural-looking, and long-lasting results6-12 so my patients keep coming back time and again."
About the JUVÉDERM® Double Points Promotion
Consumers can experience the JUVÉDERM® difference while earning double points in Allē towards a future JUVÉDERM® or other Allē eligible treatment when treated with two or three syringes from the JUVÉDERM® Collection of Fillers during the same visit through Friday, September 30, 2022. Consumers who take the challenge and experience the JUVÉDERM® difference will be treated with products that are:
- Long-Lasting: JUVÉDERM® Ultra Plus XC and JUVÉDERM® VOLLURE® XC are the longest-lasting dermal fillers FDA approved to treat moderate to severe facial wrinkles and folds.7,8 Plus, with optimal treatment, JUVÉDERM® VOLUMA® XC can last up to two years in the cheeks, two times longer than any other hyaluronic acid (HA) cheek filler.13-15
- Natural Looking and Feeling: Specific to lip treatment, both JUVÉDERM® Ultra XC and JUVÉDERM® VOLBELLA® XC provide natural-looking and natural-feeling results.6, 10
- Instant Results: The full collection of JUVÉDERM® Fillers offers immediate results, from lips and lines to cheeks and chin.6-12
- Minimally Invasive: Every HA filler product in the JUVÉDERM® Collection of Fillers is FDA approved to be safe and effective. HA is a naturally occurring substance that delivers volume to the skin. JUVÉDERM® is a non-surgical option that contains a modified form of HA.
Consumers are encouraged to enroll in Allē to unlock access to the current promotion, subject to applicable program terms and conditions. Allē is the first and only loyalty program in the aesthetics market to also offer consumers the ability to earn points on over 40 non-Allergan Aesthetics treatments and brands. To learn more about Allē, visit Alle.com.
For more information on the JUVÉDERM® Collection of Fillers, visit Juvéderm.com, follow @JUVÉDERM on Instagram and subscribe to the JUVÉDERM® Collection of Fillers channel on YouTube.
About Allergan Aesthetics
At Allergan Aesthetics, an AbbVie company, we develop, manufacture, and market a portfolio of leading aesthetics brands and products. Our aesthetics portfolio includes facial injectables, body contouring, plastics, skin care, and more. Our goal is to consistently provide our customers with innovation, education, exceptional service, and a commitment to excellence, all with a personal touch. For more information, visit www.AllerganAesthetics.com.
About AbbVie
AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women's health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, Instagram, YouTube and LinkedIn.
JUVÉDERM® Injectable Gel Fillers Important Information
APPROVED USES
JUVÉDERM® VOLUMA® XC injectable gel is for deep injection in the cheek area to correct age-related volume loss and for augmentation of the chin region to improve the chin profile in adults over 21.
JUVÉDERM® VOLUX™ XC injectable gel is for deep injection to improve moderate to severe loss of jawline definition in adults over the age of 21.
JUVÉDERM® VOLLURE® XC, JUVÉDERM® Ultra Plus XC, and JUVÉDERM® Ultra XC injectable gels are for injection into the facial tissue for the correction of moderate to severe facial wrinkles and folds, such as nasolabial folds. JUVÉDERM® VOLLURE® XC injectable gel is for adults over 21.
JUVÉDERM® Ultra XC injectable gel is also for injection into the lips and perioral area for lip augmentation in adults over 21.
JUVÉDERM® VOLBELLA® XC injectable gel is indicated for injection into the lips for lip augmentation and correction of perioral lines, and for injection into the undereye hollows to improve the appearance of undereye hollows in adults over the age of 21.
IMPORTANT SAFETY INFORMATION
Are there any reasons why I should not receive any JUVÉDERM® formulation?
Do not use these products if you have a history of multiple severe allergies or severe allergic reactions (anaphylaxis), or if you are allergic to lidocaine or the Gram-positive bacterial proteins used in these products, or if you have had previous allergic reactions to hyaluronic acid fillers.
What warnings should my doctor advise me about?
- One of the risks with using dermal fillers is the unintentional injection into a blood vessel. The chances of this happening are very small, but if it does happen, the complications can be serious and may be permanent. These complications, which have been reported for facial injections, can include vision abnormalities, blindness, stroke, temporary scabs, or permanent scarring of the skin. Most of these events are irreversible.
- The use of dermal fillers where skin sores, pimples, rashes, hives, cysts, or infections are present should be postponed, as this may delay healing or make skin problems worse.
- The effectiveness of removal of any dermal filler has not been studied.
What precautions should my doctor advise me about?
- JUVÉDERM® VOLBELLA® XC should only be injected into undereye hollows by doctors who have completed the necessary training for this treatment area. To find a doctor, visit Juvederm.com/find-a-specialist. Doctors who complete the training will be listed with a symbol
- The safety of these products for use during pregnancy or while breastfeeding has not been studied
- The safety of JUVÉDERM® VOLUMA® XC has not been studied in patients under 35 years or over 65 years for cheek augmentation, or under 22 years and over 80 years for chin augmentation. The safety of JUVÉDERM® VOLUX™ XC, JUVÉDERM® VOLLURE® XC and JUVÉDERM® VOLBELLA® XC has not been studied in patients under 22 years, and the safety of JUVÉDERM® Ultra Plus XC and JUVÉDERM® Ultra XC has not been studied in patients under 18 years
- The safety and effectiveness of treatment with JUVÉDERM® products in anatomical regions outside of their approved uses have not been established in clinical studies
- If you have a history of excessive scarring (thick, hard scars) or pigmentation disorders, treatment in these patients has not been studied and may result in additional scars or changes in pigmentation
- If you are planning other procedures including laser treatments or a chemical peel, there is a possible risk of inflammation at the treatment site if these procedures are performed closely before or after JUVÉDERM® injectable gel treatment
- Tell your doctor if you are on therapy used to reduce your body's natural defense system (such as steroids, chemotherapy, and medicines to treat autoimmune diseases, HIV, and AIDs), as these may increase your risk of infection; and medications that can prolong bleeding (such as aspirin, ibuprofen, or other blood thinners), as these may result in increased bruising or bleeding at the injection site
- Minimize strenuous exercise, exposure to extensive sun or heat, and alcoholic beverages within the first 24 hours following treatment, as these may cause temporary redness, swelling, and/or itching at the injection site
- JUVÉDERM® VOLUMA® XC was not studied in patients with significant loose skin of the chin, neck, or jaw
- The effect of JUVÉDERM® VOLUMA® XC injection into the chin on facial hair growth has not been studied
- Patients who experience skin injury near the site of JUVÉDERM® VOLUMA® XC injection may be at a higher risk for adverse events
- Tell your doctor if you have already been injected with dermal fillers in the same area as the one(s) you are about to be treated for. This information helps your doctor decide when and whether you should get treatment
What are possible side effects of treatment?
The most commonly reported side effects with JUVÉDERM® injectable gels were redness, swelling, pain, tenderness, firmness, lumps/bumps, bruising, discoloration, and itching. For JUVÉDERM® VOLBELLA® XC, dryness was also reported.
These side effects are consistent with other facial injection procedures, and most will resolve with time. Your doctor may choose to treat side effects persisting over 30 days with antibiotics, steroids, or hyaluronidase (an enzyme that breaks down hyaluronic acid).
As with all skin injection procedures, there is a risk of infection.
To report a side effect with any product in the JUVÉDERM® Collection, please call the Allergan® Product Support Department at 1‑877‑345‑5372. Please also visit Juvederm.com or talk to your doctor for more information.
Products in the JUVÉDERM® Collection are available only by a licensed physician or properly licensed practitioner.
References
- Allergan Data on File, Filler Situational Analysis, 2020.
- Allergan Data on File, Filler Situation Analysis, 2021.
- Allergan Data On File JUVÉDERM® Ultra XC Directions for Use 2020.
- Allergan Data On File JUVÉDERM® Ultra Plus XC Directions for Use 2020.
- Allergan Data On File JUVÉDERM® VOLLURE® XC Directions for Use 2020.
- Allergan Data On File JUVÉDERM® Ultra XC Patient Label 2020.
- Allergan Data On File JUVÉDERM® Ultra Plus XC Patient Label 2020.
- Allergan Data On File JUVÉDERM® VOLLURE® XC Patient Label 2020.
- Allergan Data on File JUVÉDERM® VOLUMA® XC Patient Label 2020.
- Allergan Data on File JUVÉDERM® VOLBELLA® XC Patient Label 2020.
- Allergan Data on File JUVÉDERM® VOLUMA® XC Patient Label 2020.
- Allergan Data on File JUVÉDERM® VOLUX™ XC Patient Label 2022.
- Allergan Data On File JUVÉDERM® VOLUMA® XC Directions for Use 2020.
- RESTYLANE® LYFT™ IFU May 2020.
- RESTYLANE® Contour IFU June 2021.
View original content to download multimedia:
SOURCE AbbVie | https://www.whsv.com/prnewswire/2022/08/17/experience-juvderm-difference-with-allergan-aesthetics/ | 2022-08-17T13:45:13Z |
IBC 2022 previews: Personalized FAST channels with Google Ad Manager integration; data dashboards with churn prevention module; linear streaming on Google Cloud Media CDN
TORONTO, Aug. 17, 2022 /PRNewswire/ - Firstlight Media today announced that it has achieved key milestones in its collaboration with Google Cloud to create the next generation of cloud-native OTT capabilities.
Advancing development activities announced at NAB 2022, Firstlight Media will be showcasing at IBC:
- Personalized FAST (Free Ad-Supported Television) channels running on Google Cloud and ready for scalable CTV monetization via pre-integration with Google Ad Manager across client, and server side environments.
- Analytics dashboards built on a proprietary, unified data model, bringing together user engagement, content performance, and quality of experience metrics to help drive the business. Leveraging the Firstlight Media analytics platform, built on top of Google BigQuery and Looker, media companies can identify and target users at risk of churn to improve retention and identify new revenue opportunities.
- Linear streaming through HLS and DASH on Google Cloud Media CDN, with an early version of low latency streaming using the LL-DASH protocol.
"As we've plunged more deeply into our R&D collaboration with Google Cloud, two things have stood out," said Juan Martin, CTO and Co-Founder of Firstlight Media. "First, our innovation velocity has dramatically increased with Google Cloud, which will be transformational for the media industry. Second, a tight integration with leading CTV focused services like Google Ad Manager and Google Cloud Media CDN will have a direct impact on the bottom lines of OTT providers."
As the Google Cloud Industry Solution Media & Entertainment Partner of the Year for 2021, Firstlight Media is working across its partner ecosystem to preview at IBC 2022 tools that can help accelerate OTT's shift to cloud-native platforms.
"At Google Cloud, we continue to explore new ways for our customers to build better businesses with cloud technologies," said Anil Jain, Managing Director, Media & Entertainment Industry Solutions for Google Cloud. "By working closely with partners such as Firstlight Media, we can accelerate the streaming industry's transition to a new generation of solutions by advancing capabilities and products that can drive business success and consumer satisfaction."
Firstlight Media's OTT platform is designed to build and run scalable applications in the cloud using cloud-native technologies, including containers, microservices, a service mesh, APIs, and immutable infrastructure. The OTT technology stack provides significantly better performance, a modular approach for feature expansion, continuous delivery for rapid iteration, and built-in scalability, observability and security. Forward-looking OTT providers such as aha 2.0 in India, PLDT's Smart in the Philippines and others are using the Firstlight Media platform to deliver services with the flexibility and the agility of the cloud, while equaling or exceeding the reliability and high performance of broadcast.
Please contact Firstlight Media at hello@firstlight.ai to set up a meeting before, after, or during IBC.
Firstlight Media is leading cloud transformations of OTT and in-home experiences for pay-TV, telcos, and MVPDs. The company's cloud-native platform leverages a transformative Gen5 architecture for unparalleled performance in delivering premium video, handling complex use cases, and scaling to millions of viewers. Founded by a team that has built and operated dozens of Tier 1 OTT services worldwide, Firstlight Media is powering immersive sports, live experiences and personalized entertainment on any screen. The company is headquartered in Toronto and has additional locations in Los Angeles, San Diego and Chennai, India. For more information, visit firstlight.ai.
View original content to download multimedia:
SOURCE Firstlight Media | https://www.whsv.com/prnewswire/2022/08/17/firstlight-media-google-cloud-advance-cloud-ott-capabilities-customers/ | 2022-08-17T13:45:19Z |
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- On a backlot at the LA Convention Center, under a tent, away from cameras, flashing lights and screaming fans more than 20 black former MLB and TEAM USA players gathered in anticipation of a very important audience: black and brown middle school and high school baseball and softball players. The group which included Darryl Strawberry, Curtis Granderson, CC Sabathia, Carl Crawford and Natasha Watley and many others came together under The Players Alliance, a non-profit organization founded by active and former MLB players to address baseball's systemic barriers to equity and inclusion. They gathered to officially launch their newest initiative, Equip The Future TM, a mentoring clinic built to prepare young players of color for what they may face in the game, using experience and wisdom as guide posts. The group was joined by Tony Reagins of MLB who provided new gloves and equipment to the teens home teams and New Balance, provider of new cleats to each player in attendance.
As each of the 107 youth from Inglewood CA entered the space, they were met by faces they knew and some they didn't. Former All Star and Board Chair, Curtis Granderson greeted the players with, "welcome to Equip The Future, you're going to learn new skills that should keep you in the game a lot longer and help you grow to be a lot stronger, no matter what you may face. All we need you to do is have a seat and lets talk." In the Players Alliances clinic, athletes gathered in cohorts of ten around two former players to talk. There was no running and no swinging of bats. In this clinic, young people were allowed to ask any question about anything that ever made them want to quit the game. They heard stories from players about their success and failure. They heard about tips and tricks to get through hard games, unfair coaches and feeling alone and isolated. Edwin Jackson, former All Star and co-founder of The Players Alliance, shared, "when our kids see us up close, they're more likely to believe what they hear. We're the only ones who can answer certain questions for young players. We've been there. We understand. We know success, failure and betrayal and figured some things out. The most important thing that any of us can give baseball and our community is ourselves. Showing up as men, women and mentors is just one of the ways we plan to help increase black participation in the game. That's why we're all here."
Even as four of the top five picks of the recent MLB draft were black, African Americans still make up less than 8% of the total population of professional players. According to Margarette Purvis, the group's Interim Executive Director, "the success of black players in the recent draft highlights the urgency of now. There is still both talent for and interest within our community for baseball. We can either solely focus on the low number and debate the causes or we can use our collective influence to target existing talent and inspire more black players to see a place for themselves within the game. We're choosing the latter." The group included Natasha Watley and members of Team USA to ensure that the needs of black and brown softball players weren't missed.
CC Sabathia, Vice Chair of TPA's board and Special Assistant to the Commissioner anchored a group of high school players with Milton Bradley stated, "It was so powerful looking out and seeing Natasha and so many of my brothers, surrounded by these kids having really deep conversations. They all showed up and worked with these young players for free just because we asked them." According to Granderson, "Players even in retirement are typically pretty busy and we really didn't get no's. This tells me that this new style of clinic is where our members want us to be. We've spent months planning our future, we're excited to provide this experience to young people all over the country. If their dads didn't play then maybe we can be Uncles Curt, Kennard or Carl and they'll choose to follow in our footsteps." No matter what they're called, Sabathia is excited about the future. "Our kids play, they just don't get a lot of opportunities. But they love the game too. Getting these numbers up is important for the game and I know we're going to be successful."
Contact: Media@playersalliance.org
View original content to download multimedia:
SOURCE The Players Alliance | https://www.whsv.com/prnewswire/2022/08/17/former-mlb-all-stars-gather-demonstrate-how-experience-will-always-be-best-teacher/ | 2022-08-17T13:45:26Z |
FLINT, Mich., Aug. 17, 2022 /PRNewswire/ -- Forum Health, Inc. nationwide network of integrative and functional medicine providers, has invested in a new state-of-the-art medical facility in Austin, Texas.
Forum Health Austin is hosting an open house on Thursday, September 15 from 3 to 6 PM, located at 2200 Park Bend, Bldg 1, Suite 201, Austin, TX 78758.
"We are excited to welcome patients and the community to our open house to tour our new state-of-the-art facility," said Adam Puttkammer, president of Forum Health. "We have invested in top-of-the-line equipment, designed each room with patient experience in mind, and expanded our functional and integrative medicine services at the new Forum Health Austin."
Current patients and those interested in learning about functional and integrative medicine are invited to attend the open house.
Attendees will meet the Forum Health Austin providers, tour the new office and services, enjoy complimentary refreshments, and event-only promotions including 15% off supplements and nutraceuticals, 20% off IV packages, and Botox injections for only $8 a unit.
Ceremonial ribbon-cutting, compliments of the local Austin Chamber, will take place at 3:30PM, and a dedication to Dr. Moore.
"Our vision for the future of functional and integrative medicine is demonstrated in the Austin facility," said Phil Hagerman, CEO of Forum Health. "A place where patients can feel welcome and experience individualized, whole-person care."
Forum Health Austin, formerly Texas Integrative Medicine, is proud to offer the leading functional and integrative medicine care provided by Wally Taylor M.D., Terri M. Beim, ND, Julie Hamilton, NP, and Hannah Hamlin, D.O., IFMCP. The providers at this clinic specialize in, hormone health, weight loss and detox, chronic conditions, gut health, immune health, longevity and regenerative medicine, men and women's health, mental health and pain management.
This event is free and open to the public. RSVP here.
For more information on Forum Health, visit www.forumhealth.com.
Forum Health, LLC is a nationwide provider of personalized healthcare. Steeped in the powerful principles of functional and integrative medicine, Forum Health providers take a root-cause approach to care. They listen and dig deep — exploring lifestyle, environment, and genetics to help each patient achieve their ultimate health goals. Members have access to advanced medical treatments and technology, with care plans informed by data analytics and collaborative relationships. To learn more, visit forumhealth.com.
View original content to download multimedia:
SOURCE Forum Health, LLC | https://www.whsv.com/prnewswire/2022/08/17/forum-health-announces-open-house-new-state-of-the-art-medical-center-austin/ | 2022-08-17T13:45:32Z |
Emerald Audio to Release Two New Podcasts, Jane Green's "Rainbow Girl," and Jenna Blum's "The Key of Love"
Premium Podcast Network Offers Original Audio Content Curated by Nationally Recognized Storytellers
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Gemini XIII, the podcasting and radio industries' new home for premium audio content and services, announces it has partnered with Jane Green, author of 18 New York Times bestselling books and a global household name in commercial women's fiction, to form Emerald Audio, a new premium podcast network creating connection and community through authentic female-led storytelling.
Emerald introduces a new chapter in digital audio by telling great scripted stories combining two of the most intimate mediums: the written word and the power of audio. The network will feature original scripted audio content by a collection of nationally recognized storytellers. The first podcast to be produced by Emerald Audio is Jane Green's Rainbow Girl, the story of a crumbling rock star marriage mired in drugs, infidelities, and black magic, set in 1979 and based on the characters from Green's newest book, "Sister Stardust," which was released in April.
Emerald Audio's second release will be The Key of Love by Jenna Blum, New York Times and international bestselling author of "Those Who Save Us" and "The Lost Family". The Key of Love is a love story set in Boston's historic Back Bay during the height of WWII, when Europe is embroiled, and America is entering the war.
Jane Green, Co-Founder, Emerald Audio, commented: "In today's world, there are so many more ways for people to tell their stories outside of traditional publishing. To be focused on female-driven stories in the podcast medium is the most exhilarating thing I have worked on in years. Fiction, particularly female-driven fiction, is at the very beginning of its growth in that area, and there are so many opportunities for strong, powerful stories aimed at women. I couldn't be more honored, and excited to work with Spencer, Charles and the entire team at Gemini XIII."
Spencer Brown, CEO, Gemini XIII, said: "We believe that media companies with a clear niche focus are the best way to reach targeted audiences. Emerald Audio will build upon Jane's success in the publishing world and create narrative fiction stories that will entertain listeners around the world. We are excited that Jenna Blum will be writing Emerald's second release and look forward to adding other talented authors to our platform."
For more information, visit: emeraldaudio.net.
Jane Green is the author of 21 novels, including 18 New York Times bestsellers. She has over 10 million books in print, is published in over 25 languages, and has several books in development for film and tv. Her new book, Sister Stardust (Hanover Square Press), is her first foray into biographical fiction, telling the story of Talitha Getty in Marrakech in the late sixties. For more information, visit: https://www.janegreen.com/.
Gemini XIII serves the audio industry with premium content, production, and marketing services for podcasting and radio. The company is based in New York, with offices in Dallas and Sydney, Australia. For more information about Gemini XIII, visit www.gemini13media.com.
Contact: Lisa Dollinger, Dollinger Strategic Communication for Gemini XIII, 512.633.4084, lisa@dollcomm.com
View original content to download multimedia:
SOURCE Gemini XIII | https://www.whsv.com/prnewswire/2022/08/17/gemini-xiii-joins-forces-with-18-time-new-york-times-bestselling-author-jane-green-launch-emerald-audio-new-female-led-podcast-network/ | 2022-08-17T13:45:39Z |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.