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Some of you may have read the letter, written by me, which was published in the Aug. 6, 2022 edition of the WTE. Well, there has been more added to my experience within the Laramie County Government Complex.
I’m a glutton for punishment, so I returned to the complex on the morning of Aug. 4. I went to the end of the line, waiting to get into the auto registration office. This time, it was a relative short waiting time to be served – approximately half an hour. The lady in this office asked what she could help me with. I told her, honestly, I did not know. I gave the paperwork from the titles office, and she prepared a form that stated I did not owe any sales tax on the truck, since it was my truck.
I thanked the lady in the auto registration office and went to the end of the line at the titles office. Another three-quarters-hour wait to be served, and it was my turn. I gave the lady the paperwork from my previous visit and the form I obtained from the auto registration office. She left the area to get my new title.
She returned without my new title and explained that it had already been placed in the mail. I told her that I was briefed to the point whereby I needed the form from auto registration before I got the new title. Again, she left the area. When she returned, she apologized and again explained the title had already been placed in the mail – in error, of course. I received the new title in the mail on Aug. 5.
One of the Ward 2 city councilmen suggested I send these complaints to the county clerk. I thought that was a good idea, so I went the county clerk's website for an email address. An email address that was given was office@laramiecountywy.gov. I have sent my comments/complaints to this address, but, quite honestly, I do not expect a reply.
Is this the best we can expect from our county employees? | https://www.wyomingnews.com/opinion/letters_to_editor/more-confusion-ensues-in-effort-to-get-new-title-for-residents-truck/article_b1d2bdc4-1e69-11ed-907c-df4635881cbd.html | 2022-08-18T11:38:02Z |
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The University of Wyoming soccer team is set to hit the road to begin its 2022 campaign.
The Cowgirls will open their season today at 7 p.m. at Northern Colorado, before heading to Oregon State for a 1 p.m. matchup on Sunday. UW went 8-10-1 overall and 4-7-0 in Mountain West play last season, with Colleen Corbin’s eight wins marking the most in program history for a first-year coach.
Thes victories included one over rival Colorado State on senior day, as well as a record-setting 6-1 win over Nevada. Both those highlights occurred at home, as road matches were one area where the Cowgirls struggled last season.
Wyoming went 0-7-1 away from home, being outscored 24-3 in those matches. Success on the road has been an area of emphasis for Corbin and her staff heading into the 2022 season.
“My biggest message this year to the team is they should approach every game the same way,” Corbin said. “It’s about mentality. It should all feel the same mentally and emotionally. They need to be tuned in regardless of what field we are on.”
With just a few weeks of fall practice under their belt – and a couple exhibition wins – Corbin feels as though this team is different from a season ago, displaying growth in maturity among other areas.
“Based on what we’ve seen from preseason, it just feels different right now,” Corbin said. “The energy is different. The competitiveness is high. The comradery and the team atmosphere right now is phenomenal.”
The Cowgirls defeated Casper College 3-0 and Kansas State 2-1 during preseason exhibition matches. Senior Haylee Rice and sophomore Maddi Chance each scored a pair of goals, while freshman Alyssa Glover accounted for the other score.
Chance netted three goals last season, which ranked third on the team, while starting in all 19 games. Senior Jamie Tatum — who also started every match — led the Cowgirls with six scores and a team-high seven assists last fall.
Junior Alyssa Bedard found the back of the net four times, while also adding two assists. Senior Faith Joiner added three goals. Seniors Sydney Miller and Hannah Hagen, as well as sophomores Eliza-Grace Smith, Rae Gerking, Liv Stutzman and Taylor Brook, return after seeing significant playing time last season.
The Cowgirls were picked ninth in the preseason MW coaches poll following an 11th-place finish in 2021. Northern Colorado was selected first in the preseason Big Sky coaches poll after winning the regular season with a 10-8-2, 8-1 record.
The Bears dropped both of their exhibition matches this fall to a pair of MW schools, losing to Air Force 2-1 and Colorado State 1-0.
Wyoming leads the all-time series with Northern Colorado, 10-7-2. However, the Bears have recently had the upper hand. They’ve claimed a win in five of the last eight meetings, which includes a 3-1 victory in Laramie last season.
“This year, for us, the Northern Colorado game is about trying to rewrite the story,” Corbin said. “Last year, our team would tell you they approached the game with not the best mentality. The way the team is approaching the match this year is night and day different.”
Oregon State posted an 11-7-1 overall record and 3-7-1 mark in Pac-12 play last fall. The Beavers were picked 11th in the Pac-12 preseason coaches poll. They won both of their exhibition matches in August, beating Trinity Western 4-1 and Seattle 2-1.
Sunday’s game will represent the first-ever matchup between the Beavers and Cowgirls.
“Oregon State is definitely going to bring a level of competitiveness that one would expect from the Pac-12 school,” Corbin said. “Fortunately, we had the opportunity to play against Colorado this past spring and against Kansas State this preseason. We’ve matched up against Power Five teams in the last six months, so I think that helps.”
The first road trip of the season concludes with a match at Montana on Aug. 25. | https://www.wyomingnews.com/sports/university_of_wyoming/other_sports/cowgirls-to-kick-off-season-with-road-swing-at-unc-oregon-state/article_50b16609-71e8-5dee-a3aa-3526dd0a1552.html | 2022-08-18T11:38:14Z |
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United States of America US Virgin Islands United States Minor Outlying Islands Canada Mexico, United Mexican States Bahamas, Commonwealth of the Cuba, Republic of Dominican Republic Haiti, Republic of Jamaica Afghanistan Albania, People's Socialist Republic of Algeria, People's Democratic Republic of American Samoa Andorra, Principality of Angola, Republic of Anguilla Antarctica (the territory South of 60 deg S) Antigua and Barbuda Argentina, Argentine Republic Armenia Aruba Australia, Commonwealth of Austria, Republic of Azerbaijan, Republic of Bahrain, Kingdom of Bangladesh, People's Republic of Barbados Belarus Belgium, Kingdom of Belize Benin, People's Republic of Bermuda Bhutan, Kingdom of Bolivia, Republic of Bosnia and Herzegovina Botswana, Republic of Bouvet Island (Bouvetoya) Brazil, Federative Republic of British Indian Ocean Territory (Chagos Archipelago) British Virgin Islands Brunei Darussalam Bulgaria, People's Republic of Burkina Faso Burundi, Republic of Cambodia, Kingdom of Cameroon, United Republic of Cape Verde, Republic of Cayman Islands Central African Republic Chad, Republic of Chile, Republic of China, People's Republic of Christmas Island Cocos (Keeling) Islands Colombia, Republic of Comoros, Union of the Congo, Democratic Republic of Congo, People's Republic of Cook Islands Costa Rica, Republic of Cote D'Ivoire, Ivory Coast, Republic of the Cyprus, Republic of Czech Republic Denmark, Kingdom of Djibouti, Republic of Dominica, Commonwealth of Ecuador, Republic of Egypt, Arab Republic of El Salvador, Republic of Equatorial Guinea, Republic of Eritrea Estonia Ethiopia Faeroe Islands Falkland Islands (Malvinas) Fiji, Republic of the Fiji Islands Finland, Republic of France, French Republic French Guiana French Polynesia French Southern Territories Gabon, Gabonese Republic Gambia, Republic of the Georgia Germany Ghana, Republic of Gibraltar Greece, Hellenic Republic Greenland Grenada Guadaloupe Guam Guatemala, Republic of Guinea, Revolutionary
People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe | https://www.wyomingnews.com/wyosports/other_sports/community/carlos-martinez-falls-in-split-decision-at-golden-gloves/article_3eb98f00-1e84-11ed-a40d-e38a18d1942a.html | 2022-08-18T11:38:22Z |
Baseball
Mustangs tryouts: The Cheyenne Mustangs competitive youth baseball organization will hold three separate age-based tryouts for its 2022-23 teams.
Players’ ages are determined by how old they will be May 1, 2023.
All tryouts will be held at Pioneer Park, 1335 Talbot Court.
The tryout for the 8-, 9- and 10-year-old teams will be 9 a.m.-noon Saturday, Aug. 20. The tryout for 11- and 12-year-olds will be 2-5 p.m. Saturday, Aug. 20.
The tryout for 13- and 14-year-olds will be 9 a.m.-noon Sunday, Aug. 21.
Registration for tryouts can be completed at cheyennemustangsyouthbaseball.com.
Post 6 tryouts: The Cheyenne American Legion Post 6 baseball program will have free tryouts for its 2023 teams Saturday at Powers Field.
Tryouts for incoming eight-graders start at 11 a.m. Tryouts for incoming freshmen start at 1 p.m. Sophomores and above have their tryouts starting at 4 p.m.
Players should arrive for their tryout at least 30 minutes before to register and warm up.
WYCO fall ball: WYCO Academy will have tryouts for its 2022 fall ball teams at 1:30 p.m. Saturday at Powers Field.
The tryout is for all seventh- through 12th-graders. WYCO will be forming under-13, -14, -16 and -18 teams for the fall season.
Basketball
YMCA youth league: Registration for the YMCA’s youth fall basketball league ends Sept. 17. Late registration runs Sept. 18-24 and includes a $20 late fee.
The league is for children ages 3-12, and the season starts Oct. 1.
The cost is $52 for YMCA members and $73 for non-members for the 3-4- and 5-6-year-old divisions. The cost for the 7-8 division is $65 for members and $80 for nonmembers. The cost for the 9-10 division is $70 for members and $85 for nonmembers, and the 11-12-year-old division is $80 for members and $95 for nonmembers.
Registration can be completed under the youth sports tab at cheyenneymca.org.
K-2 co-rec youth league: Registration for the city’s co-rec league for kindergartners through second graders starts Sept. 6. Late registration runs Oct. 21-Nov. 3. The cost is $60 per player, with a $25 late fee, if space is available.
Practices start Dec. 12, and the season includes a six-game schedule. Players will receive a team shirt, basketball, picture and award.
For more information, contact David Contreras at dcontreras@cheyennecity.org or 307-637-6425.
Third-sixth grade league: Registration for the city’s youth league for third through sixth graders has started. Late registration runs Sept. 16-29.
The cost is $60 per player, with a $25 late fee, if space is available. Practices start Oct. 17, and the season and will include six games. Players will receive a team shirt, basketball, picture and award.
For more information, contact Harley Tekerman at htekerman@cheyennecity.org or 307-637-6408.
Registration can be completed under the Recreation Division link at www.cheyennerec.org.
Officials training: Registration for adult league officials training ends Aug. 25.
The training will be held from 6-8 p.m. Sept. 2 at the Youth Activity and Community Center at Romero Park, 1317 Parsley Blvd. Officials will be paid $35 per game.
Registration for the youth league officials training starts Aug. 22.
The training will be held from 6-8 p.m. Oct. 25 at the Youth Activity and Community Center at Romero Park, 1317 Parsley Blvd. There is no charge.
For more information, contact David Contreras at dcontreras@cheyennecity.org or 307-637-6425.
Volleyball
Youth officials training: The city of Cheyenne will hold a free training for prospective youth volleyball officials at 6 p.m. Tuesday, Aug. 23 at the Youth Activity and Community Center at Romero Park, 1317 Parsley Blvd.
Officials will learn proper mechanics, making correct calls and game management.
Registration can be completed by calling the Kiwanis Community House at 307-637-6427.
For more information, contact David Mullen at 307-773-1039 or dmullen@cheyennecity.org. | https://www.wyomingnews.com/wyosports/other_sports/community/community-sports-bulletin-board-for-aug-18-2022/article_e6d25564-aae5-5fb4-83ff-aa1c0e2e214a.html | 2022-08-18T11:38:28Z |
CHEYENNE – Brian Fierro earned his chance at the spotlight as a freshman.
He set out to battle for the right to be Laramie County Community College’s top goalkeeper before an injury ended his season prematurely. Fierro tore a wrist ligament in late September and never saw the pitch.
“It just had to heal,” the Thornton, Colorado, product said. “I could have gotten surgery, but it wasn’t necessary. I decided I had to take the season to recover and then go off this season.”
Fierro is eager to close the book on his Golden Eagles career on a high note.
He played his way into a starting spot as a freshman when COVID-19 led the National Junior College Athletic Association to push the 2020 soccer season to the spring of 2021. By his own admission, incumbent starter Declan Domyan wasn’t working as hard as he should have been, and his attitude also left the door open for Fierro to usurp him.
“I got dropped from the starting spot mainly because of my mentality,” Domyan said after regaining the starting spot in 2021. “I put a lot of pressure on myself, and as soon as one mistake happened, more would come because I didn’t let that first mistake go.
“I needed to start being calm after mistakes and calm myself and the boys down. I needed to control things back there instead of losing my head.”
Fierro earned his first start in the season’s fourth game and posted one save in a 3-1 victory over Western Nebraska. He backed that with two saves and a shutout of Central Wyoming.
“I was very nervous, because I was playing at a new level,” Fierro said of his debut career. “After the first game, it went away. It was just a regular soccer game to me, but a different level.”
Fierro didn’t see the pitch again until the NJCAA Tournament, when he played the final 20 minutes of the Eagles’ 1-0 loss to Iowa Western after Domyan aggravated an injury. Fierro played the entirety of LCCC’s final match at nationals, stopping six shots in a 3-2 win over LSU-Eunice.
Both Domyan and Fierro returned to campus last season. It was a calculated risk on Fierro’s part. He knew he had an extra season of eligibility to work with due to the COVID-19 pandemic, but he also knew LCCC’s coaches had shown their willingness to play whoever was performing the best.
“He could have gotten discouraged and not come back, but he stuck with it,” said interim LCCC coach Fernando Perez, who was an assistant in Fierro’s first two seasons. “He knew his time was going to come, and he was going to be the best he could be when it did. He understood this this year was going to be his year to really perform.
“The experience he’s had was very valuable, because it has shown him what to expect now that he’s the main guy and a leader. Sitting behind someone else who was a great goalkeeper helped him. He took a lot from Declan and became his own person.”
Jeremiah Johnke is the WyoSports editor. He can be reached at jjohnke@wyosports.net or 307-633-3137. Follow him on Twitter at @jjohnke.
Jeremiah Johnke is the WyoSports editor. He can be reached at jjohnke@wyosports.net or 307-633-3137. Follow him on Twitter at @jjohnke. | https://www.wyomingnews.com/wyosports/other_sports/lccc/brian-fierro-earned-his-time-to-shine-in-goal-for-lccc/article_721bc4fe-1e83-11ed-81f1-8fd8606073f9.html | 2022-08-18T11:38:34Z |
RENEE MONTAGNE, HOST:
OK, remember the game "Six Degrees of Kevin Bacon"? Google, which can bring you the weather forecast for any spot on the planet, launched another very useful service this year. The search engine's "Six Degrees of Kevin Bacon" game will connect any movie star, living or dead, to the veteran Hollywood actor Kevin Bacon.
The game has become so popular, we went in search of its origins this past September. We had so much fun that once again we bring what we found on our expedition.
DAVID GREENE, HOST:
Let's start with how this original game works. Take any celebrity you like - say, Sean Connery.
(SOUNDBITE OF MOVIE, "DR. NO")
SEAN CONNERY: (as James Bond) Bond. James Bond.
GREENE: And we'll try and link him to Kevin Bacon. Well, Sean Connery was in "Marnie" with Tippi Hedren.
(SOUNDBITE OF MOVIE, "MARNIE")
TIPPI HEDREN: (as Marnie) I sent you plenty of money. Momma, you don't have to be a babysitter.
GREENE: And Tippi Hedren was in the movie "Jayne Mansfield's Car" with...
(SOUNDBITE OF MOVIE, "JAYNE MANSFIELD'S CAR")
KEVIN BACON: (as Carroll Caldwell) It's not going to kill you to talk to your kids. You might be surprised what happens.
GREENE: That's right, Kevin Bacon. So that gives Sean Connery a Bacon number of two. Does that make sense? Well, let's try one more. Say, Tom Cruise...
(SOUNDBITE OF MOVIE, "A FEW GOOD MEN")
TOM CRUISE: (as Lieutenant Daniel Kaffee) Colonel Jessup, did you order the Code Red?
GREENE: Ah, yes, that famous line from "A Few Good Men," which also starred Kevin Bacon - they were side-by-side. So that gives Tom Cruise a Bacon number of one. Do you get the idea?
So where did all this start? Well, it began in 1994 at Albright College in Pennsylvania, where three friends were holed up in a room with a TV on.
BRIAN TURTLE: We were snowed in and we were watching TV, as you know, you might do at that age when you're snowed in. And we may have had a cocktail or two. And "Footloose" was on TV, and then the movie "Quicksilver" came on after that, and then a commercial for another Kevin Bacon movie came on in between those two movies. And it was like, whoa, what is this, Kevin Bacon marathon on...
GREENE: He's in everything.
TURTLE: He's in everything. And that was kind of the statement that we made. And then it was sort of like, well, has Kevin Bacon ever worked with Robert De Niro? This was before the movie "Sleepers," which has subsequently put the two of those together in one movie.
But before that we said no, but Robert De Niro was in "The Untouchables" with Kevin Costner, and Kevin Costner was in "JFK" with Kevin Bacon. And that was kind of the light bulb statement right there.
GREENE: That's Brian Turtle who, along with Craig Fass and Mike Ginelli, dreamt this game up, with some cocktails and a few Kevin Bacon movies.
And so, now Google has made the game part of its search engine. And we asked Brian Turtle what it feels like to have a game that you created with your college buddies get incorporated by one of the world's largest Internet companies.
TURTLE: I don't know, flattering or weird. It's interesting because I've Googled, you know, whatever it is - hundreds, hundreds of thousands of different things over the years and I've never really felt the need to say, oh, well, I wonder how the thing that I'm searching links back to Kevin Bacon.
GREENE: And I have to admit, this thing can really get addictive. I spent a lot of a morning using this new Google-Bacon number calculator. I mean the point's supposed to be you get six degrees of separation, right? Well, I couldn't get a connection over the number two. I asked Brian if he could get anywhere near six. And to do that, he and I had to travel to a galaxy far, far away.
TURTLE: You can go Mark Hamill through "Star Wars," with Carrie Fisher.
(SOUNDBITE OF MOVIE, "RETURN OF THE JEDI")
MARK HAMILL: (as Luke Skywalker) Yes, it's you, Leia.
CARRIE FISHER: (as Princess Leia) Somehow...
TURTLE: And Carrie Fisher was in "The Blues Brothers" with John Belushi, who is in "Animal House" with Kevin Bacon.
(SOUNDBITE OF MOVIE, "THE BLUES BROTHERS")
JOHN BELUSHI: (as Jake Blues) Forget it - five grand, no problem. We'll have it for you in the morning. Let's go, Elwood.
GREENE: All right, so Luke Skywalker at least gets us to three. If you want to try this for yourself, just type Bacon number and then an actor or actress's name into Google and see what number you get.
Now, before I go, I should mention that Steve Inskeep, I know, met Alec Baldwin in person. He was in "She's Having a Baby" with Kevin Bacon, which means Steve Inskeep has a Bacon number of two.
MONTAGNE: And David, I once ran into Alec Baldwin in the checkout line at the grocery store. Does that count?
GREENE: Yeah. Yeah, you got the Bacon number of two. You were shopping together, absolutely.
MONTAGNE: There you go. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2012-12-26/google-integrates-kevin-bacon-in-its-search-function | 2022-08-18T11:49:18Z |
Last spring, weekends on All Things Considered spoke with author Ben Fountain just as he released his widely acclaimed first novel, Billy Lynn's Long Halftime Walk. Later in the year, it was nominated for the National Book Award.
We asked Fountain to share with us what he's looking forward to in the book world next year. He says he's read about 25 books for release in 2013 and tells host Jacki Lyden, "The state of American fiction is really strong, at least from where I'm standing."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2012-12-30/author-ben-fountains-book-picks-for-2013 | 2022-08-18T11:49:24Z |
FEMA declares new strategy to engage Native American tribes
(AP) - The Federal Emergency Management Agency has developed a new strategy to better engage with hundreds of Native American tribes as they face climate change-related disasters, the agency announced Thursday.
FEMA will include the 574 federally recognized tribal nations in discussions about possible future dangers from climate change, and has earmarked $50 million in grants for tribes pursuing ways to ease burdens related to extreme weather. Tribal governments will be offered more training on how to navigate applying for FEMA funds. The new plan calls for tribal liaisons to give a yearly report to FEMA leaders on how prepared tribes are.
“We are seeing communities across the country that are facing increased threats as a result of climate change,” FEMA Administrator Deanne Criswell said in a conference call with media. “What we want to do in this strategy is make sure that we can reach out to tribal nations and help them understand what the potential future threats are going to be.”
In recent years, tribal and Indigenous communities have faced upheaval dealing with changing sea levels as well as an increase in floods and wildfires. Tribal citizens have lost homes or live in homes that need to be relocated because of coastal erosion. Some cannot preserve cultural traditions like hunting and fishing because of climate-related drought.
Researchers say tribes have disproportionately been impacted by natural disasters and the federal government hasn’t fully funded its obligations to them. It was only in 2013 under the Sandy Recovery Improvement Act that federally recognized tribes obtained the ability to directly request emergency and disaster declarations. Before, they had to apply for disaster funding through the states.
The new strategy emphasizes making sure tribes know of every FEMA grant program and how to apply for it. The hope is this will give them an equitable chance at getting funding. The agency hopes to find ways to get around barriers like FEMA cost share, or the portion of disaster or project funding that the federal government will cover. In some cases, tribes simply can’t afford to pay their share.
“In those areas where we can’t, what we want to do is to be able to work with the tribes to help them find other funding sources to help them stitch together the different funding streams that might be out there,” Criswell said.
Another change under the new strategy is more FEMA staff meeting tribes on their land, a request the agency got from multiple tribes. This will include anything from in-person technical assistance in small, rural communities to appearing at large national or regional tribal events.
Bill Auberle, co-founder of the Institute for Tribal Environmental Professionals at Northern Arizona University, said this focus on regular interactions on tribal land is an immense development. More intimate discussions such as workshops, roundtables and webinars are “exceedingly important to tribes.”
“It’s one thing to send out a notice and say ‘We would like your response,’” Auberle said. “Some of those tribes are small but have very serious needs. FEMA can certainly appreciate that.”
In addition to making more funds available to tribes, FEMA could also help by providing things like technical support as tribes prepare for and adapt to climate change, Auberle said.
The push to ensure all tribes fully understand how to access FEMA assistance or other related grants will be done with webinars, tribal consultations or regular meetings with FEMA regional staff.
Agency workers will get trained as well, learning a historic and legal overview about tribal sovereignty and cultural sensitivities.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/18/fema-declares-new-strategy-engage-native-american-tribes/ | 2022-08-18T11:56:19Z |
Zelenskyy to host Lviv talks with UN chief, Turkish leader
LVIV, Ukraine (AP) — As a potential power broker, Turkish President Recep Tayyip Erdogan will use his first visit to Ukraine since the war started nearly six months ago to seek ways to expand the export of grain from Europe’s breadbasket to the world’s needy while U.N. Secretary-General António Guterres will focus on containing the volatile situation at a Russian-occupied nuclear power plant.
Ukrainian President Volodymyr Zelenskyy is hosting both men far away from the front lines, in the western city of Lviv, where diplomatic efforts to help end the war will also be on the agenda.
Meanwhile, the screams of incoming shells still overpowered the whispers of diplomacy.
A total of 11 people were killed and 40 wounded in a series of massive Russian missile strikes on Ukraine’s Kharkiv region on Wednesday night and Thursday morning.
The late Wednesday attack on Kharkiv killed at least seven people, wounded 20 others and damaged residential buildings and civilian infrastructure, authorities said.
At the same time, The Russian Defense Ministry on Thursday morning claimed it targeted “a temporary base of foreign mercenaries” in the city of Kharkiv, killing 90 of them.
U.N. spokesman Stephane Dujarric said the three leaders will also discuss the situation at the Russian-controlled Zaporizhzhia nuclear power plant in southern Ukraine, Europe’s largest, which Moscow and Kyiv have accused each other of shelling.
In his nightly video address Wednesday, Zelensky reaffirmed his demand for the Russian military to leave the plant, emphasizing that “only absolute transparency and control of the situation” by, among others, the U.N.’s International Atomic Energy Agency, could guarantee a return to nuclear safety.
Russia played up the threats the plant posed in wartime. Lt. Gen. Igor Kirillov, the commander of the Russian military’s radiological, chemical and biological protection forces, charged that the Ukrainian troops were planning to strike the plant again on Friday while Guterres will still be visiting Ukraine in order to accuse Russia of nuclear terrorism. Ukraine has steadfastly denied that it’s targeting the plant.
Kirillov said an emergency at the plant could see “a discharge of radioactive substances into the atmosphere and spreading them to hundreds of kilometers away ... An emergency of this kind will cause massive migration and will have more catastrophic consequences than the looming gas energy crisis in Europe.”
With such stakes, the role of a go-between like Erdogan could become ever more important.
Erdogan, whose nation is a member of NATO which backs Ukraine in the war, also oversees a wobbly economy that has been increasingly reliant on Russia for trade. That backdrop turns Thursday’s meetings in Lviv into a walk on a diplomatic tightrope. Earlier this month, the Turkish leader met on the same issues with Russian President Vladimir Putin.
Erdogan is set to have a one-hour meeting with Zelenskyy in the early afternoon before both are joined by Guterres.
Last month, Turkey and the U.N. helped broker an agreement clearing the way for Ukraine to export 22 million tons of corn and other grain stuck in its Black Sea ports since Russia invaded Feb. 24. A separate memorandum between Russia and the U.N. aimed to clear roadblocks to shipments of Russian food and fertilizer to world markets.
The war and the blocked exports significantly exacerbated the global food crisis because Ukraine and Russia are major suppliers. Turkey is in a position to help speed up exports, which have been reduced to a trickle so far.
Grain prices peaked after Russia’s invasion, and while some have since returned to prewar levels, they remain significantly higher than before the COVID-19 pandemic.
Developing countries have been hit particularly hard by supply shortages and high prices. Even though ships are now leaving Russia and Ukraine, the food crisis hasn’t ended.
Before his meetings, Guterres visited Ivan Franko National University of Lviv, Ukraine’s oldest, and praised the role of academic institutions in building democratic institutions in a brief statement to reporters. He made no comment on the substance of the visit. If grain transports and nuclear security are issues where some progress could be made, talks about an overall end to the conflict weren’t expected to yield anything substantive.
In March, Turkey hosted a round of talks between Russian and Ukrainian negotiators, who discussed a possible deal to end the hostilities. The talks fell apart after the meeting in Istanbul, with both sides blaming each other.
Erdogan has engaged in a delicate balancing act, maintaining good relations with both Russia and Ukraine. Turkey has provided Ukraine with drones, which played a significant role in deterring a Russian advance early in the conflict, but it has refrained from joining Western sanctions against Russia over the war.
Facing a major economic crisis with official inflation near 80%, Turkey increasingly relies on Russia for trade and tourism. Russian gas covers 45% of Turkish energy needs, and Russia’s atomic agency is building Turkey’s first nuclear power plant.
During their meeting in Sochi this month, Putin and Erdogan agreed to bolster energy, financial and other ties between their countries, raising concerns in the West that Ankara could help Moscow bypass the U.S. and European Union sanctions.
___
Suzan Fraser reported from Ankara, Turkey.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/18/zelenskyy-host-lviv-talks-with-un-chief-turkish-leader/ | 2022-08-18T11:56:26Z |
FEMA declares new strategy to engage Native American tribes
(AP) - The Federal Emergency Management Agency has developed a new strategy to better engage with hundreds of Native American tribes as they face climate change-related disasters, the agency announced Thursday.
FEMA will include the 574 federally recognized tribal nations in discussions about possible future dangers from climate change, and has earmarked $50 million in grants for tribes pursuing ways to ease burdens related to extreme weather. Tribal governments will be offered more training on how to navigate applying for FEMA funds. The new plan calls for tribal liaisons to give a yearly report to FEMA leaders on how prepared tribes are.
“We are seeing communities across the country that are facing increased threats as a result of climate change,” FEMA Administrator Deanne Criswell said in a conference call with media. “What we want to do in this strategy is make sure that we can reach out to tribal nations and help them understand what the potential future threats are going to be.”
In recent years, tribal and Indigenous communities have faced upheaval dealing with changing sea levels as well as an increase in floods and wildfires. Tribal citizens have lost homes or live in homes that need to be relocated because of coastal erosion. Some cannot preserve cultural traditions like hunting and fishing because of climate-related drought.
Researchers say tribes have disproportionately been impacted by natural disasters and the federal government hasn’t fully funded its obligations to them. It was only in 2013 under the Sandy Recovery Improvement Act that federally recognized tribes obtained the ability to directly request emergency and disaster declarations. Before, they had to apply for disaster funding through the states.
The new strategy emphasizes making sure tribes know of every FEMA grant program and how to apply for it. The hope is this will give them an equitable chance at getting funding. The agency hopes to find ways to get around barriers like FEMA cost share, or the portion of disaster or project funding that the federal government will cover. In some cases, tribes simply can’t afford to pay their share.
“In those areas where we can’t, what we want to do is to be able to work with the tribes to help them find other funding sources to help them stitch together the different funding streams that might be out there,” Criswell said.
Another change under the new strategy is more FEMA staff meeting tribes on their land, a request the agency got from multiple tribes. This will include anything from in-person technical assistance in small, rural communities to appearing at large national or regional tribal events.
Bill Auberle, co-founder of the Institute for Tribal Environmental Professionals at Northern Arizona University, said this focus on regular interactions on tribal land is an immense development. More intimate discussions such as workshops, roundtables and webinars are “exceedingly important to tribes.”
“It’s one thing to send out a notice and say ‘We would like your response,’” Auberle said. “Some of those tribes are small but have very serious needs. FEMA can certainly appreciate that.”
In addition to making more funds available to tribes, FEMA could also help by providing things like technical support as tribes prepare for and adapt to climate change, Auberle said.
The push to ensure all tribes fully understand how to access FEMA assistance or other related grants will be done with webinars, tribal consultations or regular meetings with FEMA regional staff.
Agency workers will get trained as well, learning a historic and legal overview about tribal sovereignty and cultural sensitivities.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/08/18/fema-declares-new-strategy-engage-native-american-tribes/ | 2022-08-18T12:06:30Z |
Officials respond to overnight fire at Love’s Travel Stop in Greenville
The Chief says the fire in the rear storage area of Chester’s Chicken, and was caused by improper storage of oily rags.
GREENVILLE, Va. (WHSV) -
According to Augusta County Fire-Rescue Chief Gregory Schacht, around 2:30 a.m. Thursday, fire and rescue personnel responded to the Love’s Travel Stop in Greenville, for reports of a structure fire in the Chester’s Chicken restaurant. The Chief says the fire was in the rear of the restaurant in a storage area, and was caused by improper storage of oily rags. As a result, the Chester’s Chicken restaurant sustained considerable damage. Meanwhile, Love’s and McDonalds sustained minimal smoke damage.
The following fire rescue companies responded: Riverheads Volunteer Fire Department, Augusta County Fire-Rescue, Stuarts Draft Fire and Rescue, Middlebrook Fire Department, Staunton Fire Department, Raphine Volunteer Fire Department and Swoope Volunteer Fire Department.
Copyright 2022 WHSV. All rights reserved. | https://www.whsv.com/2022/08/18/officials-respond-overnight-fire-loves-travel-stop-greenville/ | 2022-08-18T12:06:37Z |
Yahoo touched off a debate about the effectiveness of telecommuting when it told employees last week that they may no longer work from home. The policy change was made, according to the company's internal email, to enhance workplace collaboration.
Yahoo CEO Marissa Mayer, who happens to be a new mother, drew fierce criticism from those who say she should embrace, rather than reject, flexible work arrangements.
What exactly is lost and what's gained when people work from home?
Jerry Davis noticed that his University of Michigan colleagues got most of their work done during "free food Fridays" at the office. Lunch is the bait, and shoptalk the byproduct. That sort of workplace dynamic is Davis' area of study.
"One of the places we studied, the coffee machine, seemed to be the central holy site holding the whole place together," he jokes.
Davis, a business professor, says what you miss in telecommuting is the "Oh, I've been meaning to ask you ... " conversations that turn into something more.
"It's more efficient, but you lose that serendipity," he says.
Davis says he himself has had those moments. When he was donating blood, a political science professor lay on the gurney next to him, and that discussion eventually turned into some scholarly research. And he suspects it's that serendipity that Yahoo is trying to re-create by summoning workers back into the office.
"The random interactions that people have turn out to be potentially quite consequential," Davis says.
But is it possible to measure what that happenstance interaction really generates in terms of innovation or productivity?
"Yes, funny you should ask," Davis answered.
He is now studying a group of scientists who recently started working under the same roof. He says those whose daily paths tend to cross at the elevator or copier also tend to collaborate more often.
John Challenger, CEO of outplacement firm Challenger Gray and Christmas, says tech companies were early adopters of telecommuting, and they're now finding that the practice sometimes goes too far. But he says it's interesting that this edict is coming from an Internet company that offers email and instant messaging.
"There's so much irony here," Challenger says. "Not only is this high-tech company that's been at the forefront of the technology that's changed how we work now asking workers to come back in, but also it's a 37-year-old mother who is seeing the advantages of being able to balance her work life and her personal life by telecommuting and yet saying, 'For the good of the company, we can't do this. We have to change.' "
Many people say Yahoo CEO Mayer is missing the point and missing an opportunity to set an example as one of the few prominent women in technology.
One of them is Cindy Auten, general manager at Mobile Work Exchange, a group that helps government and business clients design telework programs. She says telecommuting requires putting trust in your employees. And if you can't do that, she says, you have other problems.
"One of the things telework will expose is issues in your management," she adds.
Auten says the fear is that telecommuters may just eat snacks and watch cat videos all day. But in fact, properly managed, telework often exposes unproductive workers.
"You know, a lot of cases, from a management standpoint, is if somebody wants to telework, it's forcing a conversation that you might need to have with that employee, or had needed to have a long time ago," Auten says.
Yahoo said in a statement: "This isn't a broad industry view on working from home." It added, "This is about what is right for Yahoo right now."
In clamping down on remote work, Yahoo is going against the grain. The Families and Work Institute, a research nonprofit, says the number of employers who allow telecommuting has more than doubled since 2005.
"We can't just assume we work in an industrial command-and-control work environment anymore," says Ellen Galinsky, president of the group.
She says companies that don't recognize this do so at their peril. She adds that they risk becoming less productive, because today's top talent values flexibility even more than money.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2013-02-28/experts-boil-telecommuting-decisions-down-to-flexibility-vs-serendipity | 2022-08-18T12:15:44Z |
Following External Survey, AFR Addresses Feedback by Continuing to Build a Leadership Team Focused on Being a Resource in the Industry
PARSIPPANY, N.J., Aug. 18, 2022 /PRNewswire/ -- As a result of external survey feedback, national mortgage lender American Financial Resources, Inc. (AFR) is continuing its commitment to best serve the industry by reorganizing its leadership, improving communications, streamlining processes, and increasing training opportunities. These changes are already in full swing as the company maintains its focus on bringing more families home.
The advancements begin from the very first interaction with the team, where clients can expect increased correspondence from AFR Account Executives, clearer processes and conditions to loans, and an emphasis on the team behind who AFR is at the core. The team is also prioritizing training webinars and AFR University, where brokers can register for upcoming live sessions or watch complimentary on-demand webinars, to ensure partners are well-versed in all of the niche programs AFR has to offer.
"Feedback as a whole is so important to the entire AFR team, so following these survey results, we're all excited to kick off a few internal adjustments that we feel will really help deliver just how much we value that feedback," said Christopher Guerin, Executive Vice President of Mortgage Origination and Business Development at American Financial Resources. "Our brokers spoke, we listened, and we can't wait to continue to build on these improvements as a company with the help of our brokers and clients."
In an effort to strengthen communication and education even further, AFR also restructured some key departments, moving internal employees into new roles with defined goals and duties to guarantee enough support in each area.
First, Carmine Warren, AFR's Training and Development Manager of six years, has transitioned into his new position of Client Onboarding and Development Manager. In this role, he will be overseeing Associate Account Executives and Credit Analysts, with duties including assisting with third-party originator (TPO) training, hosting webinars, reaching out to interested TPO clients, and system maintenance.
Additionally, Ken Capling, who has been with the company for eight years, has transitioned from Product Development and Operational Process Manager to VP of Wholesale Sales, where he will oversee Wholesale Sales, including AFR's Senior Account Executives, Account Executives, and Mentors. Capling will be ensuring proactive communication with clients who are registering loans with AFR, while also assisting the operations team to guarantee the team is doing all that they can to assist clients.
Our Operations Team has also restructured to ensure our processes are streamlined, conditions are clear and communications have improved for an overall positive client experience. These efforts are being led by Donna Bowser who has recently been promoted to Executive Vice President of Operations. Donna joined the AFR Team as VP of Operations in 2021 and brings extensive mortgage and industry experience to the company. She's also very passionate about focusing on customer satisfaction both internally and externally.
"With these internal changes, we are more than confident that our clients will receive a faster turnaround on all communication and a better overall user experience throughout their continued partnership with us," said Timothy Yanoti, President and Chief Financial Officer at American Financial Resources. "We're excited to see more from Carmine, Ken and Donna as they help to balance workload for our Account Executives and ensure the team is able to be more proactive in developing relationships with clients so that everyone is met with a great start with AFR."
AFR's mission will always be cemented on helping the underserved by introducing products based on market demand to ensure clients and customers have access to the niche offerings that AFR knows best. These improvements and movements within the team aim to further support that mission as AFR's variety of financing options for eligible borrowers only continues to expand.
For additional information about AFR, its current product offerings, and its resources for prospective TPO clients, please visit https://www.afrcorp.com/.
American Financial Resources, Inc. (AFR) offers a comprehensive array of residential mortgage products to meet a variety of financing needs. AFR is a leading FHA 203(k) lender for sponsored originations and an innovator in construction and renovation lending. AFR utilizes the latest technology and delivers educational resources to correspondent lenders, mortgage brokers, loan originators and consumers. American Financial Resources, Inc. is an Equal Housing Lender and Equal Opportunity Employer. Lender NMLS 2826 at www.nmlsconsumeraccess.org. For more information, visit www.afrcorp.com.
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Following a 566% 3-Year Growth, Apex Assembly is ranked in the Top 25% on the Inc. 5000 List for 2022
NEW YORK, Aug. 18, 2022 /PRNewswire/ -- On Tuesday, Inc. Magazine released its 2022 Inc. 5000 list of the fastest growing companies in America, and Apex Assembly is honored to share its first time being recognized on this list in the top 25%, ranking at 1,146!
In 2017, Alejandro Mordasini, Becky Kuperhand, and Daniel Jennings, saw the growing struggle industry leaders faced when trying to evolve their companies. Combining their years of experience in the events industry, they formed Apex Assembly with the primary goal to host great events.
"By offering premium events focused on quality, we are determined to bridge the gap between technology leaders in the enterprise space and those who provide the solutions that will propel us forward. We are honored to be recognized as one of the fastest growing companies in the US by Inc. and look forward to building our team, perfecting our events and continued growth." the three Cofounders shared in a joint statement.
The Inc. 5000 list is the most prestigious ranking system that focuses on a company's success by looking at its total profits and development. For the 2022 Inc. 5000 list, companies were ranked based on the revenue growth from 2018 to 2021.
Within this timeframe there is an extra level of achievement given to the companies on the list. Because not only are they successful, they have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19.
"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."
Between 2018 and 2021, Apex Assembly did not hesitate to re-evaluate both member and client needs. They evolved their business model to climb over the new barriers Covid-19 created. Continuing their focus on providing valuable content, they were able to thrive in the virtual event landscape. And even with the ongoing challenges of Covid-19, they continue to grow as an organization and push themselves further.
Landing the 1,146 ranking on the Inc. 5000 list is a monumental accomplishment that speaks to the hard work and dedication that makes up Apex Assembly.
About Inc. Magazine
For over 40 years Inc. Magazine has been the leading resource and ranking platform for startup and growing companies. Curating a bank of educational business resources, Inc. Magazine has helped entrepreneurs and CEOs grow and develop their organizations.
Using a sophisticated and detailed evaluation process, Inc. Magazine created the Inc. 5000 List that became the most prestigious ranking system for American companies.
You can find the full Inc. 5000 list here: https://www.inc.com/inc5000/2022
Press Contact
Phone: 646.770.1648
Email: info@apexassembly.com
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SOURCE Apex Assembly | https://www.whsv.com/prnewswire/2022/08/18/apex-assembly-ranks-no-1146-2022-inc-5000-list-fastest-growing-companies-america/ | 2022-08-18T12:32:39Z |
STOCKHOLM, Aug. 18, 2022 /PRNewswire/ -- The Board of Directors of Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), pursuant to the previously disclosed agreement with Cevian Capital II GP Limited ("Cevian"), today appointed Gustav Lundgren to the Board of Directors, replacing Min Liu who resigned. The Board of Directors also declared a quarterly dividend of 64 cents for the third quarter of 2022.
Director Appointment
Gustav Lundgren is a partner of Cevian Capital, a 9.99% stockholder of the Company. Mr. Lundgren replaces Min Liu, Cevian's previously designated director, who resigned from the Autoliv, Inc. Board of Directors on August 18, 2022.
The Board has determined that Gustav Lundgren is an independent director and has appointed him as a member of the Audit and Risk Committee.
Autoliv's Board of Directors now consists of eleven members, all of whom are independent except Mikael Bratt, our CEO:
- Jan Carlson, Chairman of the Board
- Mikael Bratt, President and CEO
- Laurie Brlas
- Leif Johansson, Chair of the Nomination and Corporate Governance Committee
- Hasse Johansson
- Franz-Josef Kortüm
- Frédéric Lissalde, Chair of the Leadership Development and Compensation Committee
- Xiaozhi Liu
- Gustav Lundgren
- Martin Lundstedt
- Thaddeus Senko, Chair of the Audit and Risk Committee
Gustav Lundgren joined Cevian in 2006. He holds a Master of Science in Economics and Business Administration from the Stockholm School of Economics. He is a Swedish citizen and is based in Stockholm.
Quarterly Dividend
The dividend will be payable on Thursday, September 22, 2022 to Autoliv shareholders of record on the close of business on Wednesday, September 7, 2022. The ex-date will be Tuesday, September 6, 2022 for holders of common stock listed on the New York Stock Exchange (NYSE) as well as for holders of Swedish Depository Receipts (SDRs) listed on Nasdaq Stockholm.
This information is information that Autoliv, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the first contact person set out below, at 2:00 PM CET on August 18, 2022.
Inquiries:
Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14
Media: Gabriella Ekelund, Tel +46 (70) 612 64 24
About Autoliv
Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2021, our products saved close to 35,000 lives. Every year our products prevent more than 300,000 severe injuries.
Our more than 60,000 associates in 28 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2021 amounted to US $ 8.2 billion. For more information go to www.autoliv.com.
Safe Harbor Statement
This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.
This information was brought to you by Cision http://news.cision.com
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SOURCE Autoliv | https://www.whsv.com/prnewswire/2022/08/18/autoliv-inc-appoints-gustav-lundgren-board-directors-declares-quarterly-dividend/ | 2022-08-18T12:32:42Z |
DENVER, Aug. 18, 2022 /PRNewswire/ -- Avanta Residential announced today that Peter Spier has been promoted to President of the company. In his role, Peter is responsible for oversight of Avanta's investment and development strategy, deal-sourcing, capital market activities, and operations.
Mr. Spier previously served as Managing Director of Avanta and Senior Vice President of Hunt Companies, Inc. He has 20 years of experience developing, operating, and financing multiple types of real estate, with deep knowledge of multifamily assets. Mr. Spier's tenure includes the asset management of a national portfolio of 2,700 affordable housing units, the development of a high-rise office building, and multiple market-rate multifamily projects.
"We are pleased to have someone with Peter's experience and knowledge leading the Avanta team," said Guy Arnold, Chief Operating Officer at Hunt. "We are confident that his leadership skills, proven track record in both development and finance, and deep understanding of the market, make Peter the right leader to expand Avanta's footprint throughout targeted markets across the United States."
"I am both honored and excited to serve in this position for a company I've been involved with since its inception," said Spier. "Avanta is extremely well positioned in a rapidly expanding segment of the housing industry and I look forward to growing the business with our talented team."
Mr. Spier earned a Bachelor of Arts in Economics and a Master of the Arts in Applied Economics from Southern Methodist University. He also received a Certificate in Construction Management from Arizona State University.
Avanta, a national leader in the build-for-rent industry, was formed in 2020 to respond to the demand for lower-density rental housing. Avanta was created from the deep experience of Hunt Companies Inc., a diversified, family-owned holding company responsible for completing more than $8.5 billion in real estate development and over 70,000 single-family rental homes across the United States, 50,000 of which are still owned and operated today. Avanta is committed to developing thoughtful, well-designed, amenity-rich homes for lease throughout the U.S. Avanta is active in Texas, Florida, Georgia, and Colorado and is expanding its footprint. For more information, please visit www.avantaresidential.com.
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SOURCE Avanta Residential | https://www.whsv.com/prnewswire/2022/08/18/avanta-residential-names-peter-spier-president/ | 2022-08-18T12:32:43Z |
SAN DIEGO, Aug. 18, 2022 /PRNewswire/ -- Certified Restoration Inc., a San Diego-based company specializing in mold, fire, and water damage restoration, has announced it will offer Alert Labs' leak and flood prevention technology. Designed to detect and prevent major water incidents before they occur, Alert Labs products have prevented millions of dollars in asset damage since their launch.
Damage caused by water leaks result in $10 billion/year in property losses, according to The American Insurance Association. With climate change, water damage and the associated costs are on the rise. Certified Restoration owner Michael Fahouris wants to help building owners avoid these increasing costs. "Restoring 10,000s of damaged properties has shown us just how expensive water damage events can be, and we've seen how effective Alert Labs' products are in preventing these kinds of scenarios".
Alert Labs' smart sensors protect high-value assets in commercial, multi-residential, medical, government and educational buildings. The manager of a multi-story residential tower in San Diego claims "Since installing the Alert Labs products 6 months ago, we have caught over 10 potentially disastrous leaks, and have already recouped the cost of our investment."
Alert Labs line of leak detection technology features flood, water flow, and humidity sensors as well as an automatic water shut-off valve. These devices monitor building environments and send alerts to the user's phone or computer for leaks, unusual water usage, abnormal temperature, and humidity. Real-time alerts allow property managers and building engineers to take fast action before small events become costly issues.
Within 3 seconds of detecting water, Alert Labs' flood sensor sends alerts to users' devices via cellular connection. With customizable hot and cold thresholds for temperature alerts, the flood sensor minimizes damage from temperature changes as it guards against water damage.
Alert Labs' cellular-based water flow sensors strap onto water meters. Using artificial intelligence, the sensors map out each building's unique water usage patterns and send alerts about unusual water usage. The automatic water shut-off valve works in conjunction with the water flow sensors and can automatically or remotely stop water flow before a larger issue may occur.
Alert Labs' products can be installed in less than one day. The process requires no tools, pipe cutting, wifi, or wired networks. Jordan Edl, Alert Labs' Senior Director of Business
Development, says "We are proud to have Certified Restoration as a partner to sell and install the full range of AlertAQ products in Southern California."
Certified Restoration has been helping commercial and residential property owners throughout San Diego remediate damage caused by fire, water, and mold for over 28 years. Their one-hour emergency response and expertly trained technicians, has made them San Diego's leading choice in emergency restoration with
Alert Labs was founded in 2015 and provides award-winning water intelligence and HVAC monitoring solutions with their technologies proudly manufactured and designed in North America.
Contact:
George Fahouris
619-373-0578
george@certifiedrestorationinc.com
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SOURCE Certified Restoration Inc. | https://www.whsv.com/prnewswire/2022/08/18/certified-restoration-offer-flood-detection-technology-known-saving-customers-millions/ | 2022-08-18T12:32:50Z |
Sustainability tech platform completes first acquisition to deliver sustainable practices to the world
AUSTIN, Texas, Aug. 18, 2022 /PRNewswire/ -- Clearyst Inc., a sustainability technology platform company, today announced its acquisition of Green Business Bureau (GBB), the leader in sustainability performance management for businesses. The addition of GBB to the Clearyst° family provides a solution that enables businesses to assess, implement and measure sustainability practices to deliver value to all stakeholders.
GBB helps companies efficiently evaluate the state of their environmental, social and governance (ESG) principles and then guides them along as they transform into greener, better-performing operations through proven sustainability practices. Its suite of solutions offers many tools and certifications and can meet a company where it is on its sustainability journey.
Clearyst° brings together purpose-driven teams and innovation to achieve outsized business growth and impact through specialized sustainability tech solutions. It provides technology, including performance and intelligence tools, to help companies develop sustainable business practices based on data and actionable insights. It provides an avenue for companies to align environmentally and socially with the values of employees, consumers, and investors, which drive growth and impact.
"We've been tracking the surging demand for the type of solution that GBB provides across various industries and stakeholder groups, so GBB was a natural fit for Clearyst's sustainability tech platform with our vision to help companies act on sustainability objectives," said Chris Robinson, president and co-founder of Clearyst°. "This is the first of many exciting developments to come."
"Joining Clearyst° was a logical step in our growth stage," said Green Business Bureau CEO Tom Permatteo. "Not only are we aligned culturally, but together we will provide more value to our membership. Clearyst° is augmenting our operation in a way that will allow us to innovate faster for businesses and focus even more on the customer experience."
To learn more about how Clearyst helps businesses research, plan and execute ESG initiatives, please visit www.clearyst.com.
About Clearyst°: Clearyst° is a technology platform company that helps businesses rapidly achieve ESG and sustainability needs and objectives by providing them with modern sustainability tech and Software as a Service (SaaS) products and solutions. Clearyst's centralized shared services and proven framework drive economies of scale and accelerate innovation through its operating companies. Sustainability and ESG technology companies ready to accomplish the next level of growth and impact should partner with Clearyst°. To learn more about Clearyst°, visit www.clearyst.com.
About Green Business Bureau: Green Business Bureau is on a mission to improve the world through software that helps businesses become more sustainable. As the trusted authority in green business, GBB provides online solutions to help purpose-driven businesses of all sizes learn, prioritize, manage and certify green initiatives, and has been featured in Forbes, Wall Street Journal, The Washington Post and more. The Green Business Bureau certification and seal is internationally recognized and trusted by businesses all across the globe. To learn more, please visit www.greenbusinessbureau.com.
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SOURCE Clearyst° | https://www.whsv.com/prnewswire/2022/08/18/clearyst-announces-acquisition-green-business-bureau/ | 2022-08-18T12:32:57Z |
Juliana Guerrero-Gobert of Browning, MT is awarded $2,500 CodeWizardsHQ Educational Scholarship.
BROWNING, Mont. , Aug. 18, 2022 /PRNewswire/ -- CodeWizardsHQ, the leading online coding school for kids and teens, awarded their annual $2,500 Educational Scholarship. The scholarship had over 200 applicants this year and supports students in their pursuit of a college education.
Juliana Guerrero-Gobert was chosen for her excellent GPA and commitment to pursuing a career in forensic sciences. She will be attending the University of Montana in fall of this year. Juliana hopes to make a positive impact on her Native American community and is a strong representative for both women and minorities in the STEM career field.
"I think it's important for kids to study STEM topics because it gives you a deeper understanding of the world as in .. all the important things that make the world run and that need to happen for society to thrive. I also think that diversifying STEM is important and I hope that young people can look to me or other role models and have the courage to go into those harder topics people normally wouldn't go into."
Juliana Guerrero-Gobert, Scholarship Winner
CodeWizardsHQ teaches live, online coding classes to kids ages 8-18. It also offers the only real-world high school coding internship after completion of their program. The Educational Scholarship is awarded annually as a part of their mission to promote STEM education.
"STEM skills are increasingly valued in the workforce and increased diversity in these fields will lead to continued advancements. We encourage students to consider STEM careers and to start early in their studies. This scholarship is an extension of our mission as a company and we're honored to support Juliana in her pursuit of a college education."
Jey Iyempandi, CodeWizardsHQ Founder
Students must meet below criteria to be eligible for the Educational Scholarship:
- High school seniors and incoming college freshman
- 3.5 or higher GPA
- Priority to STEM program applicants
The 2023 scholarship application is currently open at codewizardshq.com/scholarship.
About CodeWizardsHQ
CodeWizardsHQ is the leading online coding school for kids and teens ages 8-18. Classes are taught by a live teacher with a student-first approach where they learn real programming languages. Each course is tailored to engage elementary, middle, and high-school students with a curriculum that is comprehensive, developmental, challenging, and fun! Learn more and enroll students in upcoming classes at CodeWizardsHQ.com.
Media Contact: Margaret Choi, margaret@codewizardshq.com
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SOURCE CodeWizardsHQ | https://www.whsv.com/prnewswire/2022/08/18/codewizardshq-awards-2022-educational-scholarship/ | 2022-08-18T12:33:03Z |
CHANGZHOU, China, Aug. 18, 2022 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or "we", "our", or "the Company"), a leading short-distance transportation solutions provider in China, today announced its unaudited financial results for the six months ended March 31, 2022.
Financial Highlights (all results compared to the prior year period unless otherwise noted)
- Revenues were $6.0 million, a decrease of 34.3%
- Units sold reached 23,097, a decrease of 32.2%
- Gross margin was 4.7%, compared with 8.3%
- Net loss was $2.7 million, compared with net loss of $0.3 million
- The Company has cash and cash equivalents of approximately $2.1 million at March 31, 2022, compared to approximately $4.8 million at September 30, 2021
Management Commentary
Mr. Jianhui Ye, Chief Executive Officer of EZGO, stated, "During the six months ended March 31, 2022, our business was adversely impacted greater than during any other period since the commencement of the COVID-19 pandemic in early 2020. We were required to implement random shutdowns of our Tianjin and Changzhou plants in order to control the spread of COVID-19. During this period, our production, supply and channel promotion of electric bicycles were materially adversely effected. Since the fourth quarter of 2021, we have implemented a new channel sales model in some provinces, changing from the traditional model of 'Factory + Dealer + Store' to 'Factory + City partner + Store'. The market resource input of the original sales model was gradually decreased, which also resulted in the decline of sales volume during the six months ended March 31, 2022."
Mr. Ye concluded, "The implementation of our new sales model, since the fourth quarter of 2021, by more urban partners and stores, along with the launch of our new products and the easing of the domestic COVID-19 pandemic control policy, has resulted in a gradual recovery in sales of our electric bicycles, as well as sales of our supporting lithium batteries beginning in June 2022."
Financial Review for the Six Months Ended March 31, 2022
Net Revenues
Net revenues from continuing operations for the six months ended March 31, 2022 were approximately $6.0 million, a 34.3% decrease from approximately $9.2 million for the six months ended March 31, 2021. The decrease in revenues were mainly driven by the decrease of sales of e-bicycles, and partially offset by the increase of sales of battery and battery packs.
The following table identifies revenue from continuing operations and discontinued operation, as well as reportable segments for the six months ended March 31, 2022 and 2021:
The e-bicycles sales segment engaged in online and offline sales of e-bicycles. The revenue of sales of e-bicycles decreased to approximately $3.6 million, or approximately 46.9%, for the six months ended March 31, 2022 as compared to the same period in 2021, mainly due to the repeated outbreaks of COVID-19 in the first quarter of 2022 and adjustments made to selling policies.
The revenue from battery cells and packs segment for the six months ended March 31, 2022 and 2021 were approximately $1.6 million and $1.0 million, respectively, a 53.8% increase derived from new customers and continuing relationships with long-term customers, as a mitigated measure to reduce the impact of COVID-19 on sales of e-bicycles.
Cost of Revenues
Our cost of revenues significantly decreased by approximately $2.7 million, or approximately 31.7%, to approximately $5.7 million for the six months ended March 31, 2022 from approximately $8.4 million for the six months ended March 31, 2021, which was primarily driven by the decreased sales of e-bicycles due to the impact of COVID-19. The decrease was in line with the decrease in our net revenues.
Gross Profit
Gross profit for the six months ended March 31, 2022 and 2021 was approximately $282,000 and $757,000, representing 4.7% and 8.3% of net revenues, respectively. The decrease of gross profit during the six months ended in March 31, 2022, is primarily due to the decreased sales of e-bicycles accounting for a large proportion of our total revenue, thus, the gross profit rate converged with that of sales of e-bicycles.
Selling and Marketing Expenses
Our selling and marketing expenses primarily consist of salaries and benefits expense, advertising expense, and freight expense. Our selling and marketing expenses increased by approximately $223,000 or approximately 64.8%, to approximately $567,000 for the six months ended March 31, 2022 from approximately $344,000 for the six months ended March 31, 2021. Such increase consisted of the increase of salaries and benefits expense and advertising expense, which resulted from the recruitment of new salespersons with the Company's business expansion on sales of e-bicycles, and the exhibition promotion of sales of e-bicycles.
General and Administrative Expenses
Our general and administrative expenses increased by approximately $1.3 million or approximately 154.1%, to approximately $2.1 million for the six months ended March 31, 2022 from approximately $833,000 for the six months ended March 31, 2021. The significant increase was mainly due to higher R&D expenses invested for new models during the six months ended March 31, 2022 and the amortization expenses of the land use right acquired since July, 2021.
Income Tax Expense
Income tax expense amounted to approximately $519,000 for the six months ended March 31, 2022 and $17,000 for the six months ended March 31, 2021, respectively. The significant increase of income tax expense is primarily due to the Company determines that the cumulative deductible loss carryforwards of PRC subsidiaries is likely not to be fully utilized against future taxable income and thus it is accrued as valuation allowance of deferred tax assets.
Net Loss
Net loss for the six months ended March 31, 2022 was approximately $2.7 million, compared to approximately $289,000 for the same period in 2021, mainly due to the above reasons.
About EZGO Technologies Ltd.
Leveraging an Internet of Things (IoT) product and service platform and three e-bicycle brands, "EZGO", "Cenbird" and "Dilang", EZGO has established a business model centered on the manufacturing and sale of two- and three-wheeled electric vehicles, lithium batteries, complemented by the e-bicycle charging pile business. For additional information, please visit EZGO's website at www.ezgotech.com.cn. Investors can visit the "Investor Relations" section of EZGO's website at http://www.ezgotech.com.cn/Investor/.
Exchange Rate
This announcement contains translations of certain Chinese Renminbi ("RMB") amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the readers. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB 6.3393 to US$ 1.00, the exchange rate in effect as of March 31, 2022, as set forth in the H.10 Statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the short-distance transportation solutions market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's most recently filed Annual Report on Form 20-F and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward‐looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
At the Company:
Shawn Wen
Email: ir@ez-go.com.cn
Phone: (+86) 13502829216
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
F-2
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
F-3
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
F-4
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
F-5
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
F-6
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
1. ORGANIZATION AND PRINCIPAL ACTIVITIES
EZGO Technologies Ltd. ("EZGO" or the "Company"), is a holding company incorporated under the laws of the British Virgin Islands ("BVI") on January 24, 2019. The Company commenced operations through its variable interest entity ("VIE") and VIE's subsidiaries in the People's Republic of China ("PRC"). The Company is mainly engaged in sales of battery packs, battery cells, as well as electric bicycles ("e-bicycle") and battery cell trading in PRC. The consolidated financial statements reflect the activities of EZGO and each of the following entities:
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a) Basis of presentation
The accompanying unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The unaudited condensed consolidated financial statements include the financial statements of EZGO, its subsidiaries, its VIE and its VIE's subsidiaries for which EZGO is the primary beneficiary. All inter-company transactions and balances have been eliminated upon consolidation.
(b) Accounts receivable, net
Accounts receivable, net are stated at the original amount less an allowance for doubtful receivables, if any, based on a review of all outstanding amounts at period end. An allowance is also made when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The Company analyzes the aging of the customer accounts, coverage of credit insurance, customer concentrations, customer credit-worthiness, historical and current economic trends and changes in its customer payment patterns when evaluating the adequacy of the allowance for doubtful accounts. For the six months ended March 31, 2021 and 2022, the Company recorded bad debt expense $10,827 and $113,140, respectively, against its accounts receivable.
(c) Revenue recognition
The Company adopted ASU 2014-09, Revenue from Contracts with Customers (ASC Topic 606), starting October 1, 2017 using the modified retrospective method for the revenue from sales of self-manufactured battery cell, battery pack and e-bicycles and battery cell trading. The Company applied ASC Topic 840, Leases, for the revenue from rentals of lithium batteries and e-bicycles.
The core principle of ASC Topic 606 is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle:
Step 1: Identify the contract with the customers
Step 2: Identify the performance obligations in the contract
Step 3: Determine the transaction price
Step 4: Allocate the transaction price to the performance obligations in the contract
Step 5: Recognize revenue when the company satisfies a performance obligation
Revenue recognition policies are discussed as follows:
Revenue from sales of self-manufactured battery cell, battery pack and e-bicycles
The Company sells products to different customers, primarily including sale of self-manufactured battery cells (see Note 13 Discontinued Operation), self-assembled battery packs and sale of e-bicycles. The Company presents the revenue generated from its sales of products on a gross basis as the Company is a principal. The revenue is recognized at a point in time when the Company satisfies the performance obligation by transferring promised product to a customer upon acceptance by customers.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(c) Revenue recognition (continued)
Contract liabilities primarily consist of advances from customers, which comprises unamortized lithium batteries. As of September 30, 2021 and March 31, 2022, the Company recognized advances from customers amounted to $94,899 and $1,060,177, respectively.
The revenues from sales of self-manufactured battery cells and lithium batteries and e-bicycles services via sublease and its own application named Yidianxing are revenues from the Company's discontinued operation, and are represented separately in the Consolidated Statements of Income for the six months ended March 31, 2021 and 2022 (see Note 13 Discontinued Operation). The following table identifies the disaggregation of the Company's revenue from continuing operations for the six months ended March 31, 2021 and 2022, respectively:
Timing of revenue recognition may differ from the timing of invoicing to customers. Accounts receivable represent revenue recognized for the amounts invoiced and/or prior to invoicing when the Company has satisfied its performance obligation and has unconditional right to the payment. The Company has no contract assets as of September 30, 2021 and March 31, 2022.
The Company applied a practical expedient to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. The Company has no material incremental costs of obtaining contracts with customers that the Company expects the benefit of those costs to be longer than one year.
(d) Recent Accounting Standards
Except for the ASUs ("Accounting Standards Updates") issued but not yet adopted disclosed in "Note 2 (z) Recent Accounting Standards" of the Company 2021 Form 20-F/A, there is no ASU issued by the FASB that is expected to have a material impact on the Company's consolidated results of operations or financial position.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
3. ACCOUNTS RECEIVABLES, NET
As of September 30, 2021 and March 31, 2022, accounts receivable and allowance for doubtful accounts consisted of the following:
For the six months ended March 31, 2021 and 2022, $9,744 and $113,387 allowance for doubtful accounts were recorded.
4. INVESTMENTS
As of September 30, 2021 and March 31, 2022, investments consisted of the following:
(1) Wealth management product is deposits in a financial institution with variable interest rate and not-guaranteed principal. The wealth management product was bought on September 24, 2020, and carried at fair value. It had duration of 1.5 years, during which the Company could redeem the wealth management product at its discretion. On March 31, 2022, the deposits are redeemed. For the six months ended March 31, 2021 and 2022, there were no $nil and $112,918 interest income or loss recognized in earnings. There were $54,629 and $nil unrealized gain from the changes in fair values recognized in accumulated other comprehensive loss for the six months ended March 31, 2021 and 2022
(2) Convertible debt instrument was issued by a private company and redeemable at the Company's option. The convertible debt instrument is due on June 12, 2021, has annual interest rate of 6% and carried at fair value. For the six months ended March 31, 2021 and 2022, there were no interest income or loss recognized in earnings and no unrealized gain or loss from the changes in fair values recognized in accumulated other comprehensive income.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
5. INVENTORIES, NET
As of September 30, 2021 and March 31, 2022, inventories and movement of inventories write-down consisted of the following:
(1) Finished goods includes battery packs and e-bicycles.
(2) Raw materials mainly include battery cells purchased by the Company for battery packs assembling and e-bicycles production.
For the six months ended March 31, 2021 and 2022, nil and $226,298 write-down of inventories were recorded.
6. ADVANCES TO SUPPLIERS, NET
As of September 30, 2021 and March 31, 2022, advances to suppliers and allowance for doubtful accounts consisted of the following:
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
7. PREPAID EXPENSES AND OTHER CURRENT ASSETS
As of September 30, 2021 and March 31, 2022, prepaid expenses and other current assets consisted of the following:
(1) The balance represented prepaid construction fee for plant maintenance and renovation.
8. PROPERY, PLANTS AND EQUIPMENT, NET
As of September 30, 2021 and March 31, 2022, property, plants and equipment, net consisted of the following:
For the six months ended March 31, 2021 and March 31, 2022, depreciation expense amounted to $185,479 and $334,811, respectively.
For the six months ended March 31, 2021 and March 31, 2022, the Company disposed its property, plants and equipment, with proceeds of $82,416 and $158,918 from disposal of property, plants and equipment is recognized in the unaudited condensed consolidated statements of operations, respectively.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
9. LAND USE RIGHT
On March 12, 2021, Jiangsu EZGO entered into an Asset Purchase Arrangement Agreement with Benlin Huang, an individual, and Tianjin Jiahao, a non-affiliated third party, pursuant to which Jiangsu EZGO agreed to purchase certain land and plants of Tianjin Jiahao for the Company's future production and business development.
On April 2, 2021, Jiangsu EZGO received a written Notice of Assignment, pursuant to which Benlin Huang assigned and transferred all of his rights, titles, and obligations under the Asset Purchase Arrangement Agreement to Shanghai Mingli.
On April 19, 2021, Jiangsu EZGO entered into a Shares Purchase Agreement with Shanghai Mingli and Tianjin Jiahao pursuant to which Jiangsu EZGO obtained the right to purchase 100% of the outstanding shares of Shanghai Mingli.
On June 28, 2021, Jiangsu EZGO has completed the asset acquisition of Tianjin Jiahao with an aggregate consideration of approximately US$10.16 million, and Tianjin Jiahao became Jiangsu EZGO's wholly owned subsidiary. For the recent five years, Tianjin Jiahao did not have employee or generate any revenue; and the assets of Tianjin Jiahao only consisted of buildings and land-used right, which was considered it inputs, thus, according to ASC 805-10-55-3A&4, Tianjin Jiahao was not a business. The acquisition of Tianjin Jianhao was accounted for as asset acquisition. The purchase price was allocated to the buildings and land use right based on their respective estimated fair values. The land use right is in Tianjin city, Hebei province. In January 2022, the original value amounted to $3.1 million of the buildings was re-allocated to land use right according to a formal valuation report issued by the independent third-party valuation specialist. The remaining land use right has a term of 36.5 years and will expire on December 4, 2057. For the six months ended March 31, 2022, the Company recognized amortization expense of $126,442.
The following table presents future amortization as of March 31, 2022:
10. ACCRUED EXPENSES AND OTHER PAYABLES
As of September 30, 2021 and March 31, 2022, accrued expenses and other payables consisted of the following:
(1) The balance mainly represented the VAT payable of $5,875,913 and $5,973,907 as of September 30, 2021 and March 31, 2022, respectively.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
11. SHORT-TERM BORROWINGS
As of September 30, 2021 and March 31, 2022, the borrowings consisted of the following:
On August 11, 2020, Yizhiying entered into a non-revolving loan facility of RMB2,000,000 ($294,568) with Bank of Jiangsu with annual interest rate of 4.35% and a term of 12 months, which was guaranteed by Jianhui Ye, the Chief Executive Officer and a significant shareholder of the Company.
On August 12, 2021, Yizhiying entered into a new non-revolving loan facility of RMB2,000,000 ($310,395) with the same contract term of the expired loan facility.
On January 25, 2022 Tianjin Jiahao entered into a non-revolving loan facility of RMB18,000,000 ($2,839,430) with Tian Rural Commercial Bank with annual interest rate of 3.7% and a term of 12 months.
For the six months ended March 31, 2021 and 2022, the Company recorded interest expenses of $6,474 and $28,768, respectively.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
12. RELATED PARTY TRANSACTIONS AND BALANCES
The following is a list of related parties which the Company has transactions with during the six months ended March 31, 2021 and 2022:
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
12. RELATED PARTY TRANSACTIONS AND BALANCES (continued)
Amount due from related parties
As of September 30, 2021 and March 31, 2022, amount due from related parties, consisted of the following:
(1) The balance mainly represented the prepayments for purchasing e-bicycle gears and e-bicycles.
(2) The balance mainly represented loans with annual interest rate of 5% to associates.
(3) The balances mainly represented the advances made to the managements for the Company's daily operational purposes.
(4) The balance represented the receivable generated from the sales of e-bicycles.
(5) The balance mainly represented the deposit for conducting original design manufacture ("ODM") of e-bicycles and the deposit will be returned in one year
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
12. RELATED PARTY TRANSACTIONS AND BALANCES (continued)
Amount due to related parties
As of September 30, 2021 and March 31, 2022, amount due to related parties, consisted of the following:
(1) The balances mainly represented the expenses paid on behalf of the Company for IPO or daily operation.
(2) The balances represented the payable for purchasing e-bicycles.
Related party transactions
For the six months ended March 31, 2021 and 2022, the Company had the following material related party transactions:
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
13. DISCONTINUED OPERATION
In November 2018, the Company entered into an agreement with a third-party company to dispose its battery cell production line. The production line was disposed in December 2018. After the disposal, the Company is no longer engaged in the manufacturing of battery cells. The disposal of the production line was treated as a discontinued operation for all fiscal years presented.
Due to the impact of COVID-19, the revenue of rental business decreased after December 2019, which led to the termination of the cooperation with its sublease agents from January 2020 to July 2020. Therefore, management decided to dispose majority of its rental assets, mainly batteries and E-bicycle, before September 30, 2021. The disposal of the Company's rental business was also treated as a discontinued operation for all fiscal years presented.
The assets and liabilities of the discontinued operations, which are included in "Current assets of discontinued operation" and "Current liabilities of discontinued operation", on the Consolidated Balance Sheets, consist of the following:
The following are revenues and income (loss) from discontinued operation:
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
14. INCOME TAXES
BVI
The Company is incorporated in the BVI. Under the current laws of the BVI, the Company is not subject to income or capital gains taxes. In addition, dividend payments are not subject to withholdings tax in the BVI.
Hong Kong
On March 21, 2018, the Hong Kong Legislative Council passed The Inland Revenue (Amendment) (No. 7) Bill 2017 (the "Bill") which introduces the two-tiered profits tax rates regime. The Bill was signed into law on March 28, 2018 and was announced on the following day. Under the two-tiered profits tax rates regime, the first 2 million Hong Kong Dollar ("HKD") of profits of the qualifying group entity will be taxed at 8.25%, and profits above HKD 2 million will be taxed at 16.5%. The Company's Hong Kong subsidiaries did not have assessable profits that were derived in Hong Kong for the six months ended March 31, 2021 and 2022. Therefore, no Hong Kong profit tax has been provided for fiscal the years ended March 31, 2021 and 2022.
PRC
The Company's PRC subsidiaries, VIE and VIE's subsidiaries are subject to the PRC Enterprise Income Tax Law ("EIT Law") and are taxed at the statutory income tax rate of 25%, unless otherwise specified. The components of the income tax expense (benefit) from continuing operations are:
The components of the income tax expense (benefit) from continuing operations are:
The reconciliations of the statutory income tax rate and the Company's effective income tax rate are as follows:
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
14. INCOME TAXES (continue)
The current PRC EIT Law imposes a 10% withholding income tax for dividends distributed by foreign invested enterprises to their immediate holding companies outside the PRC. A lower withholding tax rate will be applied if there is a tax treaty arrangement between the PRC and the jurisdiction of the foreign holding company. Distributions to holding companies in Hong Kong that satisfy certain requirements specified by the PRC tax authorities, for example, will be subject to a 5% withholding tax rate.
As of September 30, 2021 and March 31, 2022, the Company had not recorded any withholding tax on the retained earnings of its foreign invested enterprises in the PRC, since the Company intends to reinvest its earnings to further expand its business in mainland China, and its foreign invested enterprises do not intend to declare dividends to their immediate foreign holding companies.
For the six months ended March 31, 2021 and 2022, the effect of income tax rate differences in jurisdictions other than the PRC mainly resulted from the loss in EZGO, which is incorporate in BVI and is not subject to income or capital gains taxes. The effective tax rates are -7% and -25% for the six months ended March 31, 2021 and 2022 respectively. The Company accrued valuation allowance for deferred tax assets of $892,769 for the six months end March 31, 2022, with consideration that it is unlikely to create enough future taxable income to fully utilize its deferred tax assets.
Accounting for uncertainty tax position
The Company did not identify significant unrecognized tax benefits for the six months ended March 31, 2021 and 2022. The Company did not incur any interest and penalties related to potential underpaid income tax expenses. In general, the PRC tax authority has up to five years to conduct examinations of the Company's tax filings. Accordingly, the tax years from 2016 to 2021 of the Company's PRC subsidiaries and VIE and subsidiaries of the VIE remain open to examination by the taxing jurisdictions. The Company does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
15. EQUITY
(a) Ordinary shares
The Company was established under the laws of the BVI on January 24, 2019. The authorized number of Ordinary Shares was 50,000 with par value of $1 per share. On January 24, 2019, the Company issued 50,000 shares to the shareholders at par $1 per share.
On September 8, 2020, the Company effected a one thousand-for-one subdivision of shares to shareholders, which increased the total number of authorized and issued ordinary shares of 50,000 to 50,000,000 and decreased the par value of ordinary shares from $1 to $0.001. The Company also registered an additional authorized number of ordinary shares of 50,000,000 of par value of $0.001 per share and preferred shares of 10,000 of no par value. Then the shareholders surrendered a pro-rata number of ordinary shares of 42,200,000 to the Company for no consideration and thereafter cancelled. Following the surrender, the issued and outstanding ordinary shares were 7,800,000 of par value of $0.001 per share.
On January 28, 2021, the Company closed its initial public offering ("IPO"). 3,038,500 ordinary shares, par value $0.001 per share, at an offering price of $4 per share for a total of $12,154,000 in gross proceeds. The Company raised total net proceeds of $10,845,638 after deducting underwriting discounts, commotions, and offering expenses.
On June 1, 2021, the Company, closed its registered direct public offering of 2,564,102 units of its securities (each, a "Unit"), with each Unit consisting of (i) one ordinary share of the Company, par value $0.001 per share, and (ii) one warrant to purchase 0.7 ordinary share, at an offering price of $4.68 per Unit for a total $12,000,000 in gross proceeds. The Company raised total net proceeds of $10,881,576 after deducting underwriting discounts, commotions, and offering expenses.
(b) Subscription receivable
As of September 30, 2021 and March 31, 2022, subscription receivable on the Consolidated Balance Sheets represented the unrecovered consideration of the 7,800,000 ordinary shares issued by the Company.
(c) Statutory reserve and restricted net assets
The Company's PRC subsidiaries, VIE and VIE's subsidiaries are required to reserve 10% of their net profit after income tax, as determined in accordance with the PRC accounting rules and regulations. Appropriation to the statutory reserve by the Company is based on profit arrived at under PRC accounting standards for business enterprises for each year. The profit arrived at must be set off against any accumulated losses sustained by the Company in prior years, before allocation is made to the statutory reserve. Appropriation to the statutory reserve must be made before distribution of dividends to shareholders. The appropriation is required until the statutory reserve reaches 50% of the registered capital. This statutory reserve is not distributable in the form of cash dividends. As of September 30, 2021 and March 31, 2022, statutory reserve provided were $233,413 and $237,849, respectively.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
15. EQUITY (continued)
(c) Statutory reserve and restricted net assets (continued)
Relevant PRC statutory laws and regulations permit the payment of dividends by the Company's PRC subsidiaries and VIE and VIE's subsidiaries only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. Furthermore, registered share capital and capital reserve accounts are also restricted from distribution. As a result of these PRC laws and regulations, the Company's PRC subsidiaries and VIE and VIE's subsidiaries are restricted in their ability to transfer a portion of their net assets to the Company either in the form of dividends, loans or advances. The Company's restricted net assets, comprising of the registered paid in capital and statutory reserve of Company's PRC subsidiaries and VIE and VIE's subsidiaries, were $28,064,866 and $28,382,302 as of September 30, 2021 and March 31, 2022, respectively.
(d) Receivables from a shareholder
Receivables from a shareholder as of September 30, 2021 and March 31, 2022 included the loans to Mr. Henglong Chen, a significant shareholder and former Chairman of Board of the Company, amounted to $3,152,179, and $3,169,238, respectively.
(e) Warrant
In January 2021, the warrant shares were granted to an underwriter to purchase 303,850 ordinary shares at an exercise price of $4.40 per share. The warrant shares can be purchased in cash or via the cashless exercise option. As the share price on the exercise date was higher than the exercise price of $4.40, the Company issued 224,289 ordinary shares to warrant holders for free.
In June 2021, warrant shares were granted to investors in the Company's public offering to purchase 1,794,871 ordinary shares at an exercise price of $4.68 per share. Warrants shares were also granted to FT Global Capital, Inc. to purchase 217,948 ordinary shares at an exercise price of $5.85 per share. Both the warrant shares granted to both investors and FT Global Capital, Inc. can be purchased in cash or via cashless exercise option, and are exercisable before June 1, 2023.
As of March 31, 2022, the warrant shares granted to investors and FT Global Capital, Inc. have not been exercised.
(f) Non-controlling interests
As of March 31, 2022, the Company's non-controlling interests represented 19.13% equity interest of Hengmao, 20% equity interest of Dilang, which was established on July 2, 2019, and 49% equity interest of Cenbird E- Motorcycle, which was acquired on September 10, 2019.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
16. COMMITMENTS AND CONTINGENCIES
Legal Proceedings
From time to time, the Company may be subject to legal proceedings, investigations and claims incidental to the conduct of our business. The Company currently have two contract disputes with our suppliers, Jiangsu Anruida New Material Company Limited ("Anruida") and Zhuhai Titans New Power Electric Co., Ltd. ("Titans").
On October 21, 2019, Anruida commenced an action against Hengmao Power Battery in Changzhou Wujin District Intermediate People's Court alleging that Hengmao Power Battery defaulted on the contract payment of RMB958,805.40 (approximately $148,804) and seeking for, among others, the payment of the contractual payment and the interest on the contractual payment. The appellate court has rendered its judgment on January 28, 2021, pursuant to which Hengmao Power Battery shall repay RMB958,805.40 and accrued interests. The Company properly accrued the repayment amount and interest as of March 31, 2022.
On January 6, 2020, Titans commenced an action against Hengmao Power Battery in Changzhou Wujin District Intermediate People's Court alleging that Hengmao Power Battery defaulted on the payment of RMB1,072,560 (approximately $166,459) and seeking for, among others, the payment of the contractual payment. However, the Company plan to defend the case rigorously. The appellate court has rendered its judgment on January 27, 2021, pursuant to which Hengmao Power Battery shall repay RMB1,072,560 (approximately $166,459), accrued interests and attorney's fees. The Company properly accrued the repayment amount and interest as of March 31, 2022.
Other than disclosed above, the Company are not a party to, nor are we aware of, any legal proceedings, investigations or claims which, in the opinion of our management, are likely to have a material adverse effect on our business, financial condition or results of operations.
Operating Leases
The Company leases its offices under non-cancelable operating lease agreements. Rent and related utilities expense under all operating leases, included in operating expenses in the unaudited condensed consolidated statements of operations, amounted to $102,435 and $114,816 for the six months ended March 31, 2021 and 2022, respectively.
The following table presents future minimum rental payments required under operating leases as of March 31, 2022:
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
17. SEGMENT REPORTING
The Company has determined that it operates in two operating segments: (1) Battery cells and packs segment, and (2) E-bicycle sales segment. The battery cells and packs segment engages in selling battery packs and trading battery cells. The e-bicycle sales segment sells e-bicycles on various ecommerce platforms to individual customers.
The Company's CODM, chief executive officer, measures the performance of each segment based on metrics of revenue and profit before taxes from operations and uses these results to evaluate the performance of, and to allocate resources to each of the segments. As most of the Company's long-lived assets are located in the PRC and most of the Company's revenues are derived from the PRC, no geographical information is presented. The Company does not allocate assets to its segments as the CODM does not evaluate the performance of segments using asset information.
The following tables present the summary of each reportable segment's revenue and income, which is considered as a segment operating performance measure, for the six months ended March 31, 2021 and 2022:
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
16. SEGMENT REPORTING (continued)
The following table presents the reconciliation from reportable segment income to the consolidated income from continuing operations before income taxes for the six months ended March 31, 2021 and 2022:
18. CONCENTRATIONS
Concentrations of credit risk
As of September 30, 2021 and March 31, 2022, cash, cash equivalents and restricted cash balances in the PRC are $5,889,885 and $5,889,885, respectively, which were primarily deposited in financial institutions located in Mainland China, and each bank account is insured by the government authority with the maximum limit of RMB500,000 (equivalent to $70,692). To limit exposure to credit risk relating to deposits, the Company primarily place cash and cash equivalent deposits with large financial institutions in China which management believes are of high credit quality and management also continually monitors the financial institutions' credit worthiness.
Concentrations of customers
The following table sets forth information as to each customer that accounted for 10% or more of total accounts receivable as of September 30, 2021 and March 31, 2022.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
18. CONCENTRATIONS (continued)
The following table sets forth information as to each customer that accounted for 10% or more of total revenue for the six months ended March 31, 2021, and 2022.
* Represented the percentage below 10%.
The following table sets forth information as to each supplier that accounted for 10% or more of total purchase for the six months ended March 31, 2021, and 2022.
* Represented the percentage below 10%.
EZGO TECHNOLOGIES LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars except for number of shares)
19. SUBSEQUENT EVENTS
On July 21, 2022, EZGO entered into a securities purchase agreement (the "SPA") with certain "non-U.S. Persons" (the "Purchasers") as defined in Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to which EZGO sold 10,000,000 ordinary shares, (the "Shares") par value US $0.001 per share (the "Ordinary Shares"), at a per share purchase price of $0.80 (the "Offering"). The gross proceeds to EZGO from the Offering were US$8.0 million. Upon closing of this Offering, there were 23,626,891 Ordinary Shares issued and outstanding.
The Company has performed an evaluation of subsequent events through August 17, 2022, which was the date of the issuance of the consolidated financial statements, and determined that no events that would have required adjustment or disclosure in the consolidated financial statements other than those discussed in above.
View original content:
SOURCE EZGO Technologies Ltd. | https://www.whsv.com/prnewswire/2022/08/18/ezgo-announces-financial-results-six-months-ended-march-31-2022/ | 2022-08-18T12:33:09Z |
AUDIE CORNISH, HOST:
Veralyn Williams knows that path to citizenship Mara was reporting on intimately. Williams grew up in New York City. Her family moved there from Sierra Leone when she as an infant and she always thought of herself as an American, through-and-through. But as a senior in high school, she discovered the truth. Not only was she not a U.S. citizen, she didn't even have a green card.
That's a story she told back in 2005 as part of WNYC's Radio Rookies program.
VERALYN WILLIAMS, BYLINE: Though I've lived in America all my life, technically it feels like I don't exist. I never thought I'd have fewer rights than my younger sister and brother who were born here.
UNIDENTIFIED CHILD: You are?
WILLIAMS: I am different 'cause I'm not a citizen like you and Lois are.
: So, just get the green card.
CORNISH: Now, Veralyn has this follow up about her quest to become officially an American.
WILLIAMS: I was an anxious teen ready to grow up before my time. I needed a green card but didn't have one, so I was beyond frustrated. My life felt out of my control. Here I was working hard in school, dreaming of becoming the modern day Zora Neale Hurston, and I couldn't even get an afterschool job at McDonald's.
So I began asking my parents difficult and even taboo questions.
So to clear it up: what's my legal status right now?
UNIDENTIFIED MAN #1: When I got my green card on the Suspension of Deportation, something happened which I don't really know, and they told me that I had to apply for you guys.
WILLIAMS: And when did you eventually come to America?
UNIDENTIFIED WOMAN #1: Let me think. I came in '86.
WILLIAMS: What was that form that you filled out?
UNIDENTIFIED MAN #1: It was the I-130.
WILLIAMS: Do you think that I'm not grateful for the things that you and dad do for me?
UNIDENTIFIED WOMAN #1: I think you're very ungrateful because you're not aware of what some other people go through.
WILLIAMS: All those questions eventually led me to my congressman's office. And I was finally able to see that path to citizenship everyone is always talking about.
My dad applied for political asylum and became a permanent resident, so he was able to sponsor me. And I just had to wait. Two years later, I got my green card. I can take my dreams off pause and achieve world domination.
(SOUNDBITE OF A BROADCAST)
WILLIAMS: Hey, guys. It's me, Veralyn...
Which now means taking over for Oprah.
(SOUNDBITE OF A BROADCAST)
WILLIAMS: When you go on dates, who generally choose where you go?
UNIDENTIFIED WOMAN #2: These days, it's me.
WILLIAMS: Being a permanent resident was everything I'd prayed for. I could work as many as six jobs at one time. And I finally got to see Sierra Leone.
UNIDENTIFIED WOMAN #3: ...Sierra Leone.
UNIDENTIFIED MAN #2: I'm telling you. Wow.
WILLIAMS: I became eligible to apply for citizenship last year. But that $680 application fee made me put it off six more months. So I saved, applied and, in December, I got a letter from the Department of Homeland Security giving me my citizenship interview date.
(Reading) On January 10th, 2013...
(LAUGHTER)
WILLIAMS: (Reading) ...at 11 A.M.
Oh, my God.
In case you can't tell, I'm excited. I'm contemplating all the ways my life is going to change once I become a citizen. I'll be able to vote and travel to Europe without having to spend two days pulling together a visa application. But I'm not really sure if who I am will change.
I mean I've spent my whole life here...
UNIDENTIFIED WOMAN #3: What did the Declaration of Independence do?
WILLIAMS: ...and like many Americans, I haven't exactly brushed up on my civics since middle school.
UNIDENTIFIED WOMAN #3: I was about to say it set the slaves free. But I think that's the Emancipation Proclamation.
WILLIAMS: But to become a citizen, you have to study a hundred facts about U.S. history and government. So I tested some of my American-born friends.
How many U.S. senators years are there?
UNIDENTIFIED WOMAN #4: Ummm...
UNIDENTIFIED MAN #4: Forty-two?
WILLIAMS: I'll give you a hint...
UNIDENTIFIED MAN #4: Fourteen.
WILLIAMS: There are two per state.
UNIDENTIFIED WOMAN #4: So maybe like 102, 104.
WILLIAMS: Nicole?
NICOLE: What?
WILLIAMS: I'm going to need you to know there are 50 states in America.
UNIDENTIFIED MAN #4: Twenty-six.
WILLIAMS: No. What's the name of our current speaker of the House?
UNIDENTIFIED WOMAN #4: Condoleezza Rice.
WILLIAMS: So the speaker of the House of Representatives now, what's his name?
UNIDENTIFIED MAN #4: Christine Quinn?
UNIDENTIFIED WOMAN #4: It's a guy?
(LAUGHTER)
UNIDENTIFIED WOMAN #4: This is so embarrassing. People are going to hear this, right? Should I think about it some more?
WILLIAMS: I mean, I guess that's (unintelligible), you would not be a citizen of the United States.
(LAUGHTER)
UNIDENTIFIED WOMAN #4: That is a fact.
(LAUGHTER)
UNIDENTIFIED WOMAN #4: Thankfully, I was born here.
WILLIAMS: Well, I wasn't. So that means I have to study.
(SOUNDBITE OF A RECORDING)
UNIDENTIFIED WOMAN #5: Who is the chief justice...
WILLIAMS: Despite being a little shaky the night before...
(SOUNDBITE OF A RECORDING)
UNIDENTIFIED WOMAN #5: Who wrote the Declaration of Independence?
WILLIAMS: George Washington?
(SOUNDBITE OF A RECORDING)
UNIDENTIFIED WOMAN #5: Thomas Jefferson.
WILLIAMS: I passed my test and get a date for my Naturalization Oath Ceremony.
(Reading) Please report promptly at 8:30 A.M.
Before my swearing-in date, I go over to my parents' house for breakfast. And while we're eating, my dad says...
UNIDENTIFIED MAN #1: At least it made you a better person. It made you not take things in America for granted.
UNIDENTIFIED WOMAN #6: What do you mean not having...
WILLIAMS: My sister who was born here asked him to clarify.
UNIDENTIFIED MAN #1: Yeah, it made Vera a better person because there was a time when Vera wanted to work and she couldn't. For you, you were born here and you take those things for granted. But when you have to...
UNIDENTIFIED WOMAN #6: Does that make me less a person?
UNIDENTIFIED MAN #1: No, it doesn't make you a lesser person. But when you don't you have it, yes - it does make you less appreciative.
WILLIAMS: I hate to admit it, but those years of working off the bucks for $5 an hour at a job I really needed means I don't take for granted the opportunities I have now. But I still wish I could've learned that lesson another way. 7/26 on the day I'm going to become a citizen of the United States. Finally, the day is here and I put on my red, white and blue dress and go to the courthouse, where unfortunately I wasn't allowed to record or take pictures.
They jammed 281 of us into a courtroom, ready to give up our green cards and take our oath to become Americans. The ceremony took hours, but it wasn't until I walked out with my citizenship certificate that I finally felt claimed. Dear fellow American - I mean, the president even wrote me a letter - we embrace you as a new citizen of our land and we welcome you to the American family.
And it's signed Barack Obama. I went back to the Brooklyn Court. How are you?
JUDGE ROBERT LEVY: Congratulations. You're a citizen.
WILLIAMS: Thank you. To meet Judge Robert Levy, the one who swore me in that day. How do you think the people that became citizens that day are changed once they walk out the door?
LEVY: Well, that's something I always wonder about. The citizenship, I think, brings with it a different sense of self and I don't think that anyone can predict for someone else how that will change them, but I'm pretty sure that it will change them.
WILLIAMS: He's right. It's difficult to put it into words but I feel different. I'm an American and that gives me authority to define my sense of self, whether it's pulling on my neon red, white and blue microphone and asking the tough questions or perfecting my favorite Sierra Leonian for my two-year-old niece and little cousins. Or just choosing both, like most Americans do. For NPR News, I'm Veralyn Williams.
CORNISH: Veralyn is now 27. She lives in Brooklyn and works as a multimedia journalist. Her story was produced by Kaari Pitkin of Radio Rookies at member station WNYC. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-05/born-in-sierra-leone-young-woman-documents-her-final-steps-on-path-to-citizenship | 2022-08-18T12:33:10Z |
4Front Development spearheading partnership as lead consultant for the new Hip Hop Hall of Fame Museum & Hotel Residential Mega Entertainment Complex in NYC
VANCOUVER, BC, Aug. 18, 2022 /PRNewswire/ - Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" or "Company"), an Augmented Reality Company that enables sports teams, businesses and enterprises to quickly create their own AR mobile campaigns, is honored to announce the signing of a three year partnership agreement with Hip Hop Hall of Fame Inc. to provide a Custom Mobile App delivering Immersive Metaverse Experiences.
JT Thompson, Chief Executive Officer of the Hip Hop Hall of Fame, stated, "Working with 4Front Development, we are targeting to unveil The Hip Hop Hall of Fame & Hotel Mega Residential Entertainment Complex located in the heart of New York City in 2025. In the interim, the new mobile app by ImagineAR will deliver virtual museum experiences & multi-channel metaverse experiences featuring hip-hop music artists & cultural immersive content to fans around the world starting in 2022. It will integrate dynamic experiential engagements with sponsored exclusive content to Hip Hop fans around the world including Hip Hop Hall of Fame co-branded artists & membership NFT's and a virtual world metaverse. The first metaverse prototype has been designed by our partners and will go live in the 4th quarter 2022 with the mobile app, as we continue our ongoing talks with various blockchain companies to finalize a strategic web3 tech and marketing partner to power the Hip Hop Hall of Fame NFTs and Metaverse the "Hip Hop Universe". Imagine AR mobile app will provide a safe community space and friendly eco-system for the Hip Hop fans, artists, celebrities, and influencers to express their creativity and experience real life and virtual world live events and content."
Chris Eddy, Co-Founder of 4FRONT DEVELOPMENT, "We have been focusing on large-scale projects that merge hospitality, entertainment, and technology. As the Lead Consultant for the new Hip Hop Hall of Fame & Hotel Entertainment Complex in NYC, we selected ImagineAR to be the metaverse app provider to build a global community and drive revenue prior to the launch of the physical buildings in two years."
Alen Paul Silverrstieen, CEO of ImagineAR, stated "ImagineAR is thrilled to work with both the Hip Hop Hall of Fame and 4Front Development to deliver a Metaverse Mobile App featuring virtual museum experiences, holograms, and premium multi-channel interactive content. We expect this mobile app to be one of the most dynamic and leading museum virtual experiences ever produced to date. Thank you to Chris Eddy and JT Thompson for having the confidence to bring ImagineAR as a key technology partner."
The Mission and Objectives of the Hip Hop Hall of Fame Museum is to promote and preserve the past, present and future of hip-hop music and cultural arts, and to highlight the role of hip- hop music & culture in the broader urban culture and its explore its social impact in the world. To create and support projects that develop, inspire, educate and enrich the hip-hop community; and celebrate the positive and uplifting characteristics of the music culture that promotes socio-economic empowerment, and urban development.
Hip Hop Hall of Fame is a Chartered Non-Profit Museum & Educational Institution in the service of Society for the purposes of Study, Research, Education, Enlightenment, and Empowerment of Hip Hop Music & Culture Communities in America, and around the World.
4FRONT DEVELOPMENT is a New York City based company specializing in helping both startup and established companies to fulfill and grow in their scope, missions and goals. 4FRONT facilitates fulfilling our clients and partners needs and vision by providing real estate, finance and business development strategies and solutions. 4FRONT's areas of focus include Renewable Energy, Entertainment, Hospitality, Medtech, Insurtech, Education, Commercial and Residential Real Estate Development, Disaster Relief and Cryptocurrency.
ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is a self-publishing augmented reality (AR) platform that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, (products, landmarks and more to instantly engage videos, information, advertisements, coupons, 3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies. The AR Platform is available as an SDK Plug-in for existing mobile apps.
2021 STA Category Award Winner for Fan Engagement.
All trademarks of the property of respective owners.
ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490
https://twitter.com/IPtechAR
https://www.facebook.com/imaginationparktechnologies
https://www.instagram.com/iptechar
https://www.linkedin.com/company/imagination-park-technologies-inc
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
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SOURCE ImagineAR Inc. | https://www.whsv.com/prnewswire/2022/08/18/imaginear-otcqb-ipnff-signs-hip-hop-hall-fame-three-year-agreement-deliver-private-label-metaverse-ready-mobile-app/ | 2022-08-18T12:33:15Z |
RENEE MONTAGNE, HOST:
Good morning, I'm Renee Montagne.
There's "The Six Million Dollar Man" and now there is the $6,000 alligator. He's called Mr. Stubbs because his tail was bitten off years ago. Mr. Stubbs was taken in by the Phoenix Herpetological Society, where, The Arizona Republic reports, an orthopedic care specialist realized a silicone tail could be designed for him. Mr. Stubbs now sports a $6,000 prosthetic, making him half gator, half rubber.
It's MORNING EDITION. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/arizona-gator-gets-6-000-prosthetic-tail | 2022-08-18T12:33:16Z |
WatchBox strengthens mission to educate and entertain collectors with arrival of renowned watch journalist
PHILADELPHIA, Aug. 18, 2022 /PRNewswire/ -- WatchBox, the leading platform for collectible timepieces, today announced the arrival of Jack Forster as the company's Global Editorial Director. Since its 2017 founding, WatchBox has established itself as the definitive resource for collectors of rare and complicated timepieces. The company's curated inventory is complemented by a team of trusted advisors, an international footprint, and a dynamic media program. Forster is charged with broadening the scope and diversity of editorial content and contributing to WatchBox's video strategy and global event culture.
Forster comes to WatchBox from Hodinkee where he served first as managing editor, then as editor in chief since 2015. He spent the prior seven years as part of Revolution Magazine, first as group technical and features editor, and then as editor in chief for the magazine's US edition. His editorial credits in watch journalism are extensive, including the book Cartier Time Art: Mechanics Of Passion, and his formative years in the watch community were spent as a participant in online newsgroups and as a moderator on ThePuristsPro.com. Forster's style of storytelling and intrinsic understanding of watch industry dynamics will be valuable as WatchBox strengthens its commitment to education.
"Content and context are everything when it comes to the emotional connections we form with watches," shared WatchBox Executive Chairman Danny Govberg. "Throughout his career, Jack has drawn generations of collectors deeper into conversations of collectability and a brand's story. He was part of Revolution during the renaissance of print journalism, at Hodinkee throughout the dawn of digital publishing, and we're honored for him to join us for this next chapter, as we take video and digital content to the next level."
Video content has been a dominant focus at WatchBox, with the prowess of Tim Mosso and the company's resident experts fueling the success of its media channels. With the support of WatchBox's marketing and creative divisions, Forster, Mosso, and the broader WatchBox team will continue to educate and engage the global watch community.
"WatchBox is a fast-growing and dynamic industry leader not only in the pre-owned watch space, but also in creating cutting-edge video content designed to inform, educate, and entertain serious watch enthusiasts," said Forster. "It's an honor to join the team, and I look forward to participating in continuing growth on the strong foundation already in place."
WatchBox is the world's leading platform for collectible luxury timepieces, founded in 2017 by Justin Reis, Tay Liam Wee, and Danny Govberg. The company offers a curated selection of timepieces by the most respected watch brands as well as emerging independent watchmakers through a managed inventory model, all certified authentic and backed by a two-year global warranty. With the support of trusted advisors, a dynamic media platform, digital infrastructure, and offices and showrooms worldwide, WatchBox delivers white-glove service at scale to a vibrant global community of collectors.
Learn more at www.thewatchbox.com.
PRESS CONTACT Caroline Kallman Joffe | caroline@wbgcorporate.com | +1 717 951 2259
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SOURCE WatchBox | https://www.whsv.com/prnewswire/2022/08/18/jack-forster-named-global-editorial-director-watchbox/ | 2022-08-18T12:33:21Z |
STEVE INSKEEP, HOST:
Good morning. I'm Steve Inskeep. Arizona State never had much luck with sports mascots. When it was a normal, or a teacher's school, they were the Normals. Later they became the Arizona State Sun Devils. This mascot is Sparky the Sun Devil in a red costume with horns and a pitchfork. Now Disney has helped update Sparky, but some students find his big eyes and bulging muscles creepy. Students may vote on Sparky's future after the campus paper warned he'll scare kids. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/arizona-states-mascot-gets-a-makeover-and-backlash | 2022-08-18T12:33:22Z |
MORRISVILLE, N.C., Aug. 18, 2022 /PRNewswire/ -- JupiterOne, the industry's leading provider of cyber asset attack surface management (CAASM) technology, today announced that it was named as a Sample Vendor for CAASM in the latest release of the Gartner Hype Cycle for Cyber Risk Management, 2022.
According to Gartner, "In 2022, the global risk landscape continues to be impacted by the ongoing COVID-19 pandemic conditions, the Russian invasion of Ukraine, labor shortage, worsening climate change, and inflation. In particular, the increased inflation rate and labor market tightness mean that organizations must do more with fewer resources."
The Gartner report notes that security and risk management (SRM) leaders continue to struggle to:
- "Position risk management as a decision-making practice. Either because of their rigid focus on framework-based controls or inability to scale their security and risk controls for individual projects
- Inform cyber and technology decisions in an ever-expanding operating ecosystem
- Gain sufficient transparency in evaluating environmental, social and governance risks and incidents, local and worldwide.
- Mitigate global supply chain risks as these risks continue to form a web of complexity and volatility.
- Look for ways to automate and inform risk assessment with data-driven insights."
One solution category that addresses these challenges is the cyber asset attack surface management (CAASM) space, where solutions aggregate and track assets such as endpoints, servers, devices, and applications. By consolidating internal and external cyber assets, users can use queries to find gaps in coverage for security tools such as vulnerability assessment and endpoint detection and response (EDR) tools. JupiterOne pioneered a graph-based approach to CAASM that allows customers to track and monitor IP addresses and analyze and map all intra-asset relationships.
As the Gartner analysts explained, "CAASM enables security teams to improve basic security hygiene by ensuring security controls, security posture, and asset exposure are understood and remediated. Organizations that deploy CAASM reduce dependencies on homegrown systems and manual collection processes, and remediate gaps either manually or via automated workflows. Organizations can visualize security tool coverage, support attack surface management (ASM) processes, and correct systems of record that may have stale or missing data."
The drivers of CAASM adoption, according to Gartner, include:
- "Full visibility into all information technology (IT), Internet of Things (IoT) and operational technology (OT) assets under an organization's control, which improves understanding of the attack surface area and existing security control gaps or serves as part of a wider ASM process.
- Quicker audit compliance reporting through more accurate, current and comprehensive asset and security control reports.
- Consolidation of existing products that collect asset and exposure information into a single normalized view, which reduces the need for manual processes or dependencies on homegrown applications.
- Access to consolidated asset views for multiple individuals and teams across an organization, such as enterprise architects, security operations teams and IT administrators, who can benefit from viewing and querying consolidated asset inventories with a view to achieving business objectives."
The recent Gartner report on Top Trends in Cybersecurity 2022 cited "Attack Surface Expansion" as one of the year's top security trends resulting from the expanding digital footprint of modern organizations. According to the report, "A dramatic increase in attack surface is emerging from changes in the use of digital systems, such as new hybrid work, accelerated use of public cloud, more tightly interconnected supply chains, expansion of public-facing digital assets and increased use of operational technology." In our opinion, security leaders who reinvent the cybersecurity function and technology architecture can better position their organizations to maintain and grow value in an increasingly agile, distributed, and decentralized environment.
JupiterOne was named a Sample Vendor for CAASM in the latest release of the Gartner Hype Cycle for Security Operations, 2022. The report is available for complimentary download from JupiterOne.
Additionally, Gartner recognized JupiterOne as a Representative Provider for CAASM in the Innovation Insights for Attack Surface Management and as a Sample Vendor in the Gartner Hype Cycle for Workload and Network Security, 2022 research reports.
Quotes
Erkang Zheng, Founder and CEO at JupiterOne
"JupiterOne is honored to receive yet another recognition from Gartner. Right now, the world is full of uncertainty, making it challenging to conduct business. More than ever, businesses must prioritize effective security measures. Security leaders can get invaluable insights by tracking their assets and making efficient use of their resources. Overall, organizations can make better data-driven business decisions while keeping security risks in mind."
Related Links
- Blog: Gartner Shares Innovative Tech for Your Shifting Attack Surface
- Resource: Gartner Hype Cycle for Security Operations, 2022 Andrew Davies, July 5, 2022
- Resource: Gartner, Top Trends in Cybersecurity 2022, Peter Firstbrook, Sam Olyaei, Pete Shoard, Katell Thielemann, Mary Ruddy, Felix Gaehtgens, Richard Addiscott, William Candrick, 18 February 2022.
- Resource: Gartner, Hype Cycle for Workload and Network Security, 2022, Charlie Winckless, 27 July 2022.
- Resource: Gartner, Hype Cycle for Cyber Risk Management, 2022, Jie Zhang, Deepti Gopal, 27 July 2022.
- Resource: Gartner, Innovation Insight for Attack Surface Management, Mitchell Schneider, John Watts, Pete Shoard, 24 March 2022.
Follow
- Twitter: @JupiterOne
- LinkedIn: JupiterOne
- YouTube: JupiterOne
Gartner Disclaimer
Gartner does not endorse any vendor, product, or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner and Hype Cycle are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
About JupiterOne
JupiterOne is a cyber asset attack surface management (CAASM) platform company providing visibility and security into your entire cyber asset universe. Using graphs and relationships, JupiterOne provides a contextual knowledge base for an organization's cyber asset operations. With JupiterOne, teams can discover, monitor, understand, and act on changes in their digital environments. Cloud resources, ephemeral devices, identities, access rights, code, pull requests, and much more are collected, graphed, and monitored automatically by JupiterOne.
Contact:
Nathaniel Hawthorne for JupiterOne
Lumina Communications
(661) 965-0407
JupiterOne@LuminaPR.com
Melissa Pereira
Director of Communications, JupiterOne
(833) 578-7663
pr@jupiterone.com
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SOURCE JupiterOne | https://www.whsv.com/prnewswire/2022/08/18/jupiterone-recognized-sample-vendor-cyber-asset-attack-surface-management-caasm-gartner-hype-cycle-cyber-risk-management-2022/ | 2022-08-18T12:33:27Z |
In the 19th century, the Bowery Boys were a street gang that ruled that small section of Manhattan. In the 21st century, the Bowery Boys are two best friends — Tom Meyers and Greg Young — who record a do-it-yourself podcast with the same name.
Meyers and Young love to perform almost as much as they love New York City, and their show traces the unofficial history of the place. They record a few blocks from — you guessed it — the Bowery district.
Podcasts have been around for less than a decade, but in that short time, homemade shows have exploded. To date, "The Bowery Boys" has had more than 5 million downloads.
One episode is about Tin Pan Alley, in the Flower District, where 19th century composers churned out sheet music to distribute across the country.
"Charles Harris wrote a song called 'After the Ball' in 1892," Young says in that show. "He was lucky enough to get a vaudevillian star by the name of May Erwin to perform the song in her show, and it would sell up to 10 million copies. I mean, could you imagine, like, a Lady Gaga song rolling out over six years? Rolling out throughout the country?"
The Bowery Boys' audience doesn't quite rival Lady Gaga's, but 20,000 listeners isn't too shabby. Still, Meyers and Young are the first to admit that they are not professionals.
"We bought Podcasting for Dummies," says Meyers, "partially to figure out what a podcast was, and also how to record these things."
The pair doesn't use fancy equipment, either.
"I think that for the first episode, we recorded with a spare karaoke microphone that we had in the closet for ... other occasions," recalls Meyers, laughing.
In each episode, the two friends tell little-known stories about the history of their adopted city — Meyers grew up in Ohio and Young in Missouri, but they're more than qualified to talk Big Apple — like why a trip up or down Manhattan is quick and easy, but traveling a few blocks east or west takes much longer.
"That's because of decisions made 200 years ago by the Commissioners' Plan, through the use of a grid," Young explains in an episode called The Manhattan Grid Plan. "That is something that every New Yorker lives with every day."
Meyers and Young have touched on New York's iconic landmarks, like Times Square. But the Bowery Boys don't stop with the familiar.
In another episode, they take listeners to a 1960s theme park in the Bronx called Freedomland USA.
"It was shaped like the U.S.," Young explains in the episode, "and you went into each area, and there were themed rides and everything."
"What's happening over there in Chicago? Fire! Look at that!" says a voice in an old advertisement. "It's the Chicago Fire of 1871. Here at Freedomland, they have the Chicago Fire every half-hour, every day."
The quirky amusement park closed after only four years. Young says he likes an element of randomness to help choose episodes. And it works.
"I got responses [from] people who said, 'When I was a kid, my parents took me to Freedomland. And I thought I had made it up,' " he says.
The Bowery Boys pack an incredible amount of history into each episode — not so easy for two guys with day jobs. (Young works in music licensing for Sony, and Meyers runs his own online travel business.)
"I don't read anything that's not related to New York City history," says Meyers, "which is a little bit sad, because I'd love to read a novel that wasn't — I'd love to read a novel. But at the same time, I can't get enough."
The Bowery Boys' podcast now includes a blog that gets about 100,000 hits each month. And Meyers and Young have become unofficial ambassadors of New York City history; they've appeared on local television and done events with the city's Municipal Arts Society.
"We don't pretend to have doctorates in the subject," says Meyers. "[But] I feel like we are getting our own degree in this. ... We are home-schooled historians."
Home-schooled, maybe. But five years and just shy of 150 episodes later — when it comes to New York City, they're schooling us.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2013-03-12/bowery-boys-are-amateur-but-beloved-new-york-historians | 2022-08-18T12:33:28Z |
Inflation could slow rather than stop industry bounce-back
AVON, Conn., Aug. 18, 2022 /PRNewswire/ -- The voluntary benefits market will likely continue its trend of healthy sales growth for the next several years, according to a new report from Eastbridge Consulting Group. However, lingering concerns about the impact of inflation could hold growth well below 2021's strong double-digit results.
Eastbridge's Forecasting Voluntary Sales Spotlight™ Report analyzes the current sales environment and projects future sales potential in the voluntary market. It offers several different scenarios dependent on the industry's rate of recovery from the pandemic, inflation and other factors based on Eastbridge' longstanding expertise in the industry. The report is designed to help carriers develop their own predictions for future opportunities, update their business plans and determine what investments to make.
Despite the uncertain economy, the report shows continued opportunity for carriers and producers in the voluntary market.
"After more than two decades of near-continuous growth, the voluntary benefits market is still only half tapped," said Nick Rockwell, Eastbridge president. "Even during previous economic downturns, we've seen strong demand and need for the added protection voluntary benefits provide employees."
About 54 million employees work in businesses that have yet to offer them voluntary benefits, and another 14 million employees have access to voluntary benefits at work but haven't yet purchased coverage. The continuing move away from employer-funded benefits also could help fuel voluntary growth, the report states.
Information about purchasing the Forecasting Voluntary Sales Spotlight™ Report is available on Eastbridge's website. Those interested can email info@eastbridge.com or call (860) 676-9633.
About Eastbridge Consulting Group
Eastbridge Consulting Group, Inc. is a marketing advisory firm serving companies focused on the voluntary/worksite benefits market in the United States and Canada.
CONTACT: Ginger Bates
EMAIL: gbates@eastbridge.com
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SOURCE Eastbridge Consulting Group | https://www.whsv.com/prnewswire/2022/08/18/latest-eastbridge-report-sees-continued-growth-voluntary-market/ | 2022-08-18T12:33:33Z |
STEVE INSKEEP, HOST:
In Miami this week, more than 10,000 representatives of the cruise ship industry are gathering for an annual conference. In terms of accidents, it was a tough year for the cruise industry.
And yet, NPR's Greg Allen reports that cruise ship operators see mostly smooth sailing ahead.
GREG ALLEN, BYLINE: It was a year ago January when the Costa Concordia ran aground and overturned along Italy's Tuscan coast, killing 32 people. And then last month's drama, when a fire on the Carnival Triumph knocked out power and many news organizations covered every moment over the next five days as the ship - and its more than 3,000 passengers - was towed back to port.
A Harris poll released shortly after the Carnival Triumph incident showed it affected how Americans felt about cruising. Trust in cruise lines dropped significantly. But so far, it hasn't greatly affected sales.
CAROLYN SPENCER BROWN: People who have cruised before, they're not impacted or daunted by what happened with Carnival Triumph. They're still booking cruises.
ALLEN: That's Carolyn Spencer Brown, of Cruise Critic, a website that follows the industry. She says at this week's meeting, there's a lot of talk about growing markets - especially Latin America and Asia and one of the fastest growing industry segments - river cruises.
BROWN: It's very intimate on board. And when you get into town, you know, you're not one of 3,000 or 4,000 passengers dumped off for the day. You can really kind of connect with the places that you're visiting. And I find it absolutely magical.
ALLEN: At the conference in Miami Beach today, several cruise line CEOs will sort through the best of times, worst of times, scenario playing out now. Later in the week, Carnival will be looking to share some of its hard-won experience. It's showcasing its Care Team and training others how to support passengers and crew in traumatic situations.
Greg Allen, NPR News, Miami. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/cruise-ship-leaders-to-discuss-industrys-future | 2022-08-18T12:33:34Z |
The Search is on for McCormick's First-Ever Taco Theme Song, Calling Taco Lovers to Create an Original Jingle for a Chance to Win $50,000
HUNT VALLEY, Md., Aug. 18, 2022 /PRNewswire/ -- Today, the McCormick® brand and actress, singer, and television personality Keke Palmer have teamed up to announce the launch of 'America's Got Tacos', a nationwide search for the official McCormick Original Taco Seasoning-theme song. Following the success of last year's Director of Taco Relations job search, which garnered more than 5,000 submissions, 'America's Got Tacos' is calling on taco lovers to create an original jingle that showcases their love for all things tacos.
Today through August 31, 2022, taco aficionados who are at least 18 years of age and reside in the United States can submit creative videos showcasing their favorite taco recipe featuring McCormick Original Taco Seasoning at McCormick.com/AmericasGotTacos. The winner of the competition will receive $50,000 and a year's supply of McCormick Original Taco Seasoning.
"Last year, McCormick set out to find the Director of Taco Relations and were thrilled to receive so many engaging submissions from taco lovers across the country," said Jill Pratt, Chief Marketing Officer for McCormick. "From songs to skits, it's clear that McCormick fans love tacos – hard shell, soft shell, and everything in between. 'America's Got Tacos' is our way of giving fans the opportunity to tell their taco love story through song and put their own flavor on McCormick Original Taco Seasoning."
Made without artificial color, flavors, and no added MSG, McCormick Original Taco Seasoning is truly something to celebrate. As part of the partnership, Palmer will use her lyrical and culinary expertise to help narrow down entrant submissions and select the winner of 'America's Got Tacos.' Palmer will also use her social media channels to get fans excited and provide tips and tricks for creating a standout jingle.
"Enjoying a great meal with the people I love means everything to me," said actress, musician and McCormick partner Keke Palmer. "With your favorite recipe and playlist, taco night can turn any kitchen into a celebration worth singing about! That's why I'm excited to partner with McCormick and help taco lovers get creative and make memories."
To enter, applicants must submit a creative video of an original song incorporating their favorite taco recipe that is no longer than two (2) minutes in length. The song must not be a remake, parody or rendition of any existing song. Applicants are encouraged to display their personality and passion for tacos, including but not limited to inspiration about their favorite way to prepare tacos, their favorite toppings, or how their taco love story came to be. The winner will be selected by McCormick's appointed body of judges and will be notified via social media and a video call from Palmer. The winning submission will be featured on McCormick's official social media channels.
For the complete description of 'America's Got Tacos', visit McCormick.com/AmericasGotTacos. McCormick can also be found on McCormick.com, Instagram, Facebook, Pinterest and TikTok.
Media Note: To download high-resolution video and full contest description, please click HERE.
McCormick & Company, Incorporated is a global leader in flavor. With over $6 billion in annual sales across 170 countries and territories, we manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Our most popular brands include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick.
Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor. McCormick envisions A World United by Flavor where healthy, sustainable, and delicious go hand in hand. To learn more, visit www.mccormickcorporation.com or follow McCormick & Company on Twitter, Instagram and LinkedIn.
CONTACTS:
McCormick & Company
Cierra Colón
Cierra_Colon@mccormick.com
Sunshine Sachs
spices@sunshinesachs.com
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SOURCE McCormick & Company, Inc. | https://www.whsv.com/prnewswire/2022/08/18/mccormick-teams-up-with-keke-palmer-announce-americas-got-tacos-song-contest/ | 2022-08-18T12:33:39Z |
STEVE INSKEEP, HOST:
And today's last word in business is: Gone Fishing.
Easter is coming up: a special time of year for fast food ads pitching their fish food.
(SOUNDBITE OF FAST FOOD ADS)
RENEE MONTAGNE, HOST:
What about their fish? Arby's, Burger King and regional chains like Carl's Jr. are trying to net hungry Catholic customers who've given up meat for Lent.
INSKEEP: McDonald's usual Lenten fare is Filet-O-Fish. But with floundering sales, the company is highlighting its new fishy nuggets called Fish McBites and a singing wall bass to sell them.
(SOUNDBITE OF AD)
MONTAGNE: Right. A little catchy, I guess.
(LAUGHTER)
MONTAGNE: People aren't taking the bait. They haven't made much of a sales splash for McDonald's.
INSKEEP: I can't imagine why not. If a fish sings at you from a plaque on the wall, don't you think oh, I want to eat that now?
(LAUGHTER)
MONTAGNE: I'm there. Yes, to slice it up.
(LAUGHTER)
INSKEEP: If your food is singing you may not be interested in that food. Anyway.
MONTAGNE: Well, that is the business news on MORNING EDITION from NPR News. I'm Renee Montagne.
INSKEEP: And I'm Steve Inskeep.
(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/during-lent-fast-food-chains-fish-for-catholics | 2022-08-18T12:33:41Z |
The free concert series salutes the spirit of the homecoming tradition with renowned gospel and urban artists and HBCU performances
CHICAGO , Aug. 18, 2022 /PRNewswire/ -- The McDonald's Inspiration Celebration Gospel Tour® is back live and in person with an intergenerational celebration of Black faith, culture and excellence. Inspired by Historically Black Colleges and Universities (HBCUs) homecomings, the 16th annual tour will launch in September during Gospel Music Heritage Month and bring showstopping musical performances by GRAMMY® Award winners Anthony Hamilton, Smokie Norful, Karen Clark Sheard, and other gospel and urban luminaries to five cities across the nation.
Legendary singer, songwriter, and producer Donald Lawrence will resume his role as music director and, for the first time, social media personality and comedian Karlton Humes is bringing his unique brand of entertainment to the tour. In the spirit of the homecoming tradition, select shows will feature live performances by HBCU marching bands and gospel choirs. Fans can access free tickets at www.blackandpositivelygolden.com.
"Gospel Music has always been the heart and soul of the Black community. Our sound… our rhythms, our original hymns have sustained the community for generations," said GRAMMY Award Winner and Tour Artist Smokie Norful. "It is a blessing to be back performing live on the Inspiration Celebration Gospel Tour and to be in devotion with some of the greatest artists in the industry."
As with previous years, the tour will demonstrate McDonald's continued commitment to Ronald McDonald House Charities® (RMHC). At each concert stop, attendees can donate through a love offering to support families served by the local Charity chapter.
"For the past 16 years, the Inspiration Celebration Gospel Tour has uplifted the Black community and helped RMHC serve local families," said Harry Smith, Indiana McDonald's Owner/Operator and Chair of the Inspiration Celebration Gospel Tour. "We are elated to return to touching the hearts of our guests, crew members, and community."
The McDonald's Inspiration Celebration Gospel Tour is one of the many company initiatives that feed and foster the community and inspire excellence. For more information on the 2022 Inspiration Celebration Gospel Tour, including tour stops and how to garner free tickets, visit us online at www.blackandpositivelygolden.com or on Instagram @WeAreGolden.
A full list of the 2022 tour dates and artist lineup follow:
About McDonald's USA
McDonald's USA, LLC, serves a variety of menu options made with quality ingredients to millions of customers every day. Ninety-five percent of McDonald's approximately 13,500 U.S. restaurants are owned and operated by independent business owners. For more information, visit www.mcdonalds.com, or follow us on Instagram at @WeAreGolden and Facebook at www.facebook.com/mcdonalds.
About Ronald McDonald House Charities
Ronald McDonald House Charities® (RMHC®), is a non-profit, 501(c)(3) corporation that creates, finds, and supports programs that directly improve the health and well-being of children and their families. Through a global network of over 260 Chapters in more than 60 countries and regions, RMHC enables, facilitates and supports family-centered care through three core programs: the Ronald McDonald House®, the Ronald McDonald Family Room® and the Ronald McDonald Care Mobile®. RMHC programs help families with ill or injured children stay together and near leading hospitals and health care services worldwide, ensuring they have access to the medical care their child needs while fully supported and actively involved in their child's care. For more information, visit rmhc.org. Follow RMHC on Twitter, Facebook, Instagram, and LinkedIn.
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SOURCE McDonald's USA | https://www.whsv.com/prnewswire/2022/08/18/mcdonalds-16th-annual-inspiration-celebration-gospel-tour-returns-live-in-person-concerts-five-us-cities/ | 2022-08-18T12:33:45Z |
Estate planning may seem like a pain, but imagine the mess you leave to those managing your affairs if you don't draw up a will or get life insurance.
"It takes really just a few hours now, rather than a pile of hours and thousands of dollars to do it later when you really need it done," says Chanel Reynolds, who created a website geared to help people get their affairs in order.
The Seattle mother of two launched the bluntly written, one-stop estate planning site after her husband was fatally injured in a biking accident. On top of grief, she faced stress and costs because there was no will or any of the other legal documents needed to handle a loved one's assets.
"I really wanted to be focusing on what the doctors were saying and taking care of my children when instead I was just overwhelmed by this pile of questions about legal stuff and finances and probate courts, and it was occasionally the thing that would just put me over the edge," Reynolds tells Morning Edition host Renee Montagne.
Her site — which is a NSFW riff on "get your stuff together" — features a checklist and templates for some key documents, including a will, living will and power of attorney. It also suggests compiling online account usernames and passwords and putting these key documents in a safe or scanning and uploading them to a password-protected site.
Reynolds also suggests setting aside emotional items like photos of yourself, "so that when you're gone people can touch them and hold them and feel them and remember you as well."
For wills, Reynolds notes that lawyers can help, but there are also affordable online software options. "I didn't realize that creating a will, you don't need a lawyer to do it for you," she says. "In most states you need two witnesses and/or someone to notarize it. And it can save your family weeks and weeks and hundreds of hours of pain and confusion and legal costs that you probably can't afford."
She suggests that baby boomers, especially, prepare the documents so others won't have to.
"It is really hard to go clean up after someone," Reynolds says, "so not only do we need to take of this for ourselves, we have to really start thinking about having the conversation with our parents, these boomers, because otherwise we're the ones going out there and taking care of it for them."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2013-03-12/from-grief-comes-a-mission-to-make-estate-planning-less-daunting | 2022-08-18T12:33:47Z |
NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Nielsen (NYSE: NLSN) announced that streaming usage surpassed cable in July to claim the largest share of television viewing for the first time, according to The Gauge, Nielsen's monthly total TV and streaming snapshot. Streaming represented a record 34.8% share of total television consumption, while cable and broadcast came in at 34.4% and 21.6%, respectively. Streaming usage has surpassed that of broadcast before, but this is the first time it has also exceeded cable viewing.
Total time spent watching TV in July closely resembled that of both June 2022 and July 2021, but despite these similarities, the change in the distribution of viewing formats on a year-over-year basis further demonstrates how viewing behaviors continue to shift.
As the biggest mover this month, streaming usage increased +3.2% compared to June and gained +1.1 share points. Time spent streaming in July averaged nearly 191 billion minutes per week, and each of the five measurement weeks in July 2022 now account for five of the six highest-volume streaming weeks on record according to Nielsen.
Among streaming distributors, Prime Video, Netflix, Hulu and YouTube each captured record-high shares again in July after previously doing so in June. Netflix represented the largest share of overall TV viewing for a streaming platform with 8%, boosted by the nearly 18 billion viewing minutes of Stranger Things alone.
Cable viewing in July dropped -2% and -0.7 share points compared to June, and year-over-year, cable usage was down -8.9% and -3.3 share points. Sports viewing posted the biggest decline for the category, dropping -15.4% from June and -34% from a year ago when the 2020 Summer Olympics began.
Viewing in the broadcast category, which is experiencing a typical lull in new content until the upcoming broadcast season begins in September, was down -3.7% in July versus June and represented a loss of -0.8 share points. On a monthly basis, broadcast sports viewing declined -41% in July compared to June, and the year-over-year comparison showed a decline of -43%. The NHL and NBA playoffs in June 2022 and July 2021 contributed considerably to the similarities in monthly and yearly decreases in broadcast sports viewing, in addition to the start of the Summer Olympics in July 2021.
About The Gauge
The Gauge is underpinned by Nielsen's TV ratings service and Streaming Platform Ratings. The latter provides clients with audience measurement data that details the amount of time consumers spend streaming and on which platforms. This broad look at platform usage provides complimentary insights to Nielsen Streaming Content Ratings, which details viewing to subscription-based video on demand (SVOD) content at the title, program and episode level. By showcasing both the micro and macro-level data sets, the industry has a full picture of how this media is being consumed, as well as when and by whom.
Nielsen's approach to audience measurement, which leverages a geographically representative panel of real people and big data, is built for the future of media consumption. With The Gauge, the future of TV consumption is visible in a single view. The latest edition of The Gauge is always available at www.nielsen.com/thegauge.
About Nielsen
Nielsen shapes the world's media and content as a global leader in audience measurement, data and analytics. Through our understanding of people and their behaviors across all channels and platforms, we empower our clients with independent and actionable intelligence so they can connect and engage with their audiences—now and into the future. An S&P 500 company, Nielsen (NYSE: NLSN) operates around the world in more than 55 countries. Learn more at www.nielsen.com or www.nielsen.com/investors and connect with us on social media (Twitter, LinkedIn, Facebook and Instagram).
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SOURCE Nielsen | https://www.whsv.com/prnewswire/2022/08/18/nielsen-gauge-reveals-streaming-surpassed-cable-first-time-july-capturing-its-largest-share-tv-viewing-date/ | 2022-08-18T12:33:51Z |
STEVE INSKEEP, HOST:
You have made it to Tuesday, ladies and gentlemen. It's MORNING EDITION from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne. This is a big week in Washington, D.C. for budget wonks. House Budget Committee Chairman and former Republican vice presidential candidate Paul Ryan unveiled his budget plan this morning. Tomorrow, Senate Democrats will do the same. Last night, Senate Democrats also introduced their version of a stopgap funding bill to keep the government open for the rest of the fiscal year.
To sort through all of this, we are joined now by NPR congressional correspondent Tamara Keith. Good morning.
TAMARA KEITH, BYLINE: Good morning, Renee.
MONTAGNE: So, let's start with the House Republican budget. Paul Ryan has promised it would balance in a decade, and in fact, it apparently does. His last budget did not come into balance until 2040. So, what's going on here?
KEITH: This budget spells out $4.6 trillion dollars in deficit reduction over the next 10 years. And towards the end of that window, it does come into balance. And the surprising thing is that it isn't all that different from the last two Republican budgets. And the reason that's possible is because of the fiscal cliff deal. That raised taxes on the wealthy and generates $600 billion in new revenue over a decade. And Ryan keeps those taxes in place. He gets the rest of the way there by extending caps on discretionary spending for another couple of years and requiring federal employees to make larger pension contributions.
MONTAGNE: And remind us about those previous House Republican budgets. What do they call for and compare that a bit to what's in this one.
KEITH: All of the things I am about to tell you were in past budgets and are in this year's budget as well. The biggest item is shifting Medicare to what Ryan calls premium support. Ryan says this would save Medicare for future generations, Democrats say it would destroy Medicare as we know it. The budget says it would save hundreds of billions of dollars by turning Medicaid and food stamps over to the states. It calls for tax reform. It doesn't spell out the details of how that would work. But, basically, eliminate loopholes, and then lower tax rates. It would undo the cuts to defense in the sequester. In fact, this budget calls for spending more on defense than last year's Ryan plan.
And there are some other items that you could put in the category of old favorites for this House GOP majority. It calls for the repeal of the president's healthcare law, which would be something like the 33rd time they've voted to repeal it. Then it also approves the controversial Keystone XL pipeline.
Democrats have used the past two budgets to beat up House Republicans and candidates. This morning, I woke up to an email with the subject line: Paul Ryan has granny issues. That's a reference to the Medicare proposal. And yesterday, Guy Cecil of the Democratic Senatorial Campaign Committee said he was looking forward to using this budget as well.
GUY CECIL: There are 14 potential Senate candidates who currently serve in the House who are preparing to walk the plank on the new Republican budget. And this call is just the beginning of our warning to them that we plan on holding all of them accountable.
MONTAGNE: So Democrats are salivating over the political opportunities that they see in the House Republican budget. Do Republicans feel the same way about the Senate budget, the Democratic budget, that's due out tomorrow?
KEITH: Oh, you bet they do. For the past four years, House Republicans have complained that Senate Democrats haven't passed a budget. Now, they are already gleefully pointing out that the Senate budget raises taxes and projects a deficit for years to come.
That budget isn't out yet. I can't tell you what it does or doesn't do. But I can tell you that Democrats are already getting beaten up over it. And this is the point where I should explain that congressional budgets aren't like budgets like we think about them. Really, they're vision documents. The House and Senate versions don't have to come together. The president never signs them. They don't have the force of law. They're really just blueprints - 90-page, color glossy vision documents. And so, of course, both sides are using these documents to beat each other up.
MONTAGNE: Well, just briefly, let's turn to the Senate's continuing resolution. That's the bill that would keep the government funded for the rest of the year.
KEITH: Yes. Last night, the senators introduced a bipartisan plan to keep the government funded. This is a response to a House version that passed last week. And it keeps the top-line spending number the same. It actually locks in the automatic across-the-board spending cuts of the sequester. But is gives additional wiggle room to a number of departments, actually more government agencies than the House version.
The real important thing here, though, is that it is bipartisan, which means it's likely that this is not going to blow up or risk a government shutdown.
MONTAGNE: NPR's Tamara Keith. Thank you, as always.
KEITH: Thank you.
(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/house-gop-plan-kicks-off-big-week-for-budget-wonks | 2022-08-18T12:33:53Z |
- The deadline to vote is at 10:00 am (Pacific Time) on Friday, August 26, 2022.
- For any questions, please contact Alexco's proxy solicitation agent and communications advisor, Laurel Hill Advisory Group, toll free at 1-877-452-7184 (+1-416-304-0211 outside North America) or email assistance@laurelhill.com.
VANCOUVER, BC, Aug. 18, 2022 /PRNewswire/ - Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") is pleased to announce that a second independent, third-party proxy advisory firm, Glass Lewis & Co. LLC ("Glass Lewis") has recommended Alexco shareholders ("Alexco Shareholders") vote "FOR" the proposed acquisition of Alexco by 1080980 B.C. Ltd. ("108"), a subsidiary of Hecla Mining Company ("Hecla") at the upcoming special meeting of securityholders to be held on Tuesday, August 30, 2022, at 10:00 a.m. (Pacific Time) (the "Meeting").
At the Meeting, securityholders will be asked to consider and, if deemed advisable, pass a special resolution (the "Arrangement Resolution") to approve an arrangement (the "Arrangement"), in accordance with the terms of an arrangement agreement entered into by the Company and Hecla on July 4, 2022, as assigned and amended (the "Arrangement Agreement") pursuant to which 108 will acquire all of the issued and outstanding common shares of Alexco (the "Alexco Shares") that it does not already own by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). Under the terms of the Arrangement, Alexco Shareholders will receive 0.116 common shares in the capital of Hecla (each common share, a "Hecla Share") for each Alexco Share held (the "Consideration").
In their report, Glass Lewis noted: "Based on the compelling rationale underpinning the proposed merger, as well as reasonable financial terms, we believe that the proposed merger warrants shareholder support."
Alexco's board of directors UNANIMOUSLY recommends that securityholders
VOTE FOR the Arrangement Resolution
In evaluating and unanimously approving the Arrangement, the special committee of independent Alexco directors (the "Special Committee") and the board of directors of Alexco (the "Board") gave careful consideration to the current position and condition and the expected and potential future position and condition of the business of the Company, and all terms of the Arrangement Agreement, including the conditions precedent, representations and warranties and deal protection provisions. The Special Committee and the Board considered a number of factors including, among others, the following:
- Premium. The Consideration to be received by Alexco Shareholders pursuant to the Arrangement represents a premium of 12% on a spot basis to the July 1, 2022 closing price, and 24% premium using the trailing 5-day volume weighted average trading price on the NYSE American for Alexco Shares and the NYSE for Hecla Shares as of market close on July 1, 2022.
- Liquidity. Based on the immediate financing requirements, the business, operations, financial condition and prospects of the Company, as well as the current and prospective environment in which the Company operates, including macroeconomic conditions in Canada and globally, there is a significant risk that the Alexco Shares could continue to trade below US$0.417, the closing price as at July 1, 2022, over the short to medium term. The Consideration provides Alexco Shareholders with immediate liquidity at a price that may not be available in the absence of the Arrangement.
- Strengths and Strategic Fit. If the Arrangement is completed, it is expected that Alexco Shareholders will benefit from:
- Process. The Arrangement with Hecla resulted from discussions that began months ago. During that time, the management and financial advisors of Alexco communicated with several other parties regarding potential transactions. Confidentiality agreements were entered into with seven potential acquirors or merger partners. Discussions were held with each. The Arrangement is the most attractive of those alternatives. All potential acquirors or merger partners expressed the view that existing silver purchase agreement between Wheaton Precious Metals Corp. ("Wheaton") and Alexco and certain of its subsidiaries (the "Wheaton Stream Agreement") would require amendment to ensure the financial viability of Alexco's conventional mining and milling of silver-lead-zinc ore from certain deposits in the Keno Hill District in Yukon, Canada (the "Keno Hill Project"). Of all of the parties the Company approached, only Hecla was successful in negotiating satisfactory arrangements with Wheaton with respect to the Wheaton Stream Agreement.
- Business and Industry Risks. The business, operations, assets, financial condition, operating results and prospects of Alexco are subject to significant uncertainty, including risks associated with Wheaton's silver purchase streaming rights on its Keno Hill Project, risks associated with a negative working capital position, and risks associated with obtaining financing on acceptable terms or at all. The Special Committee concluded that the Company immediately required additional financing and of the financing alternatives, the Arrangement provided a more favourable outcome to the Company and its stakeholders than any other option that was reasonably available. Further, the Special Committee determined that the Consideration under the Arrangement is more favourable to Alexco Shareholders than continuing with Alexco's current business plan in light of these risks and uncertainties.
The management information circular dated July 28, 2022 and related meeting materials (collectively, the "Meeting Materials") have been filed by the Company on SEDAR and EDGAR and are available under the Company's profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. The Meeting Materials are also available on the Company's website at Alexco - Investors - Special Meeting (https://alexcoresource.com/investors/special-meeting-of-shareholders/).
Due to the essence of time, Alexco securityholders are encouraged to vote online or by telephone.
THE VOTING DEADLINE IS 10:00 a.m. (Vancouver Time) ON FRIDAY AUGUST 26, 2022
For any questions or assistance with voting, Alexco securityholders can contact the Company's proxy solicitation agent, Laurel Hill Advisory Group:
Laurel Hill Advisory Group
North America Toll Free: 1-877-452-7184
Outside North America: 1-416-304-0211
Email: assistance@laurelhill.com
Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, Hecla owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.
Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District in Canada's Yukon Territory, one of the highest-grade silver mines in the world.
Website: www.alexcoresource.com
Some statements ("forward-looking statements") in this news release contain forward-looking information concerning the Meeting, Alexco's anticipated results and developments in Alexco's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news release. Forward-looking statements may include, but are not limited to, statements regarding the Meeting, statements with respect to the consummation and timing of the Arrangement; approval by Alexco securityholders; the satisfaction of the conditions precedent to the transaction; the perceived benefits of the Arrangement; the Consideration to be received by Alexco shareholders in connection with the Arrangement; the timing, receipt and anticipated approval of the court, and of any other regulatory consents and approvals. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors, which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, the risk that the Arrangement may not close when planned or at all or on the terms and conditions set forth in the Arrangement Agreement; the failure of the Company and Hecla to obtain the necessary regulatory, court, securityholder, and other third-party approvals, or to otherwise satisfy the conditions to the completion of the Arrangement, in a timely manner, or at all, may result in the Arrangement not being completed on the proposed terms, or at all; changes in laws, regulations and government practices; if a third party makes a Superior Proposal (as defined in the Arrangement Agreement), the Arrangement may not be completed and the Company may be required to pay the Termination Fee (as defined in the Arrangement Agreement); if the Arrangement is not completed, and the Company continues as an independent entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources of the Company to the completion of the Arrangement could have an impact on the Company's current business relationships and could have a material adverse effect on the current and future operations, financial condition and prospects of the Company; future prices of silver, gold, lead, zinc and other commodities; market competition; and the geopolitical, economic, permitting and legal climate that Alexco and Hecla operate in. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, assumptions as to the ability of Alexco and Hecla to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court, securityholder and other third party approvals; the satisfaction of the conditions to closing of the Arrangement in a timely manner and completion of the Arrangement on the expected terms; the expected adherence to the terms of the Arrangement Agreement and agreements related to the Arrangement Agreement; the adequacy of Alexco and Hecla's financial resources; favourable equity and debt capital markets; and stability in financial capital markets. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
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SOURCE Alexco Resource Corp. | https://www.whsv.com/prnewswire/2022/08/18/second-independent-proxy-advisory-firm-glass-lewis-recommends-alexco-shareholders-vote-proposed-transaction-with-hecla/ | 2022-08-18T12:33:58Z |
STEVE INSKEEP, HOST:
News stories about Waziristan repeat a few stock phrases. Waziristan is said to be one of Pakistan's lawless tribal areas, in the mountains near Afghanistan where men rule, women have no rights and American drones fly overhead searching for militants.
Akbar Ahmed argues the stock phrases miss a lot. He's a scholar of Islam, a former Pakistani ambassador, and a former administrator of Waziristan. His new book "The Thistle and the Drone" argues that drone strikes are the wrong way to pacify tribal zones.
What are some things that you think Americans completely do not get about Waziristan?
AKBAR AHMED: Two or three really fundamental issues that they don't get. One, that the people of Waziristan, the ordinary people, are really suffering. One day they're bombed by the drones, the second day by their own military for all kinds of terrorist activity. Third day by suicide bombers. And in the end, there's so much despair that a large section of the population has actually left. They're living as destitute refugees in neighboring towns. It's a very difficult situation.
INSKEEP: Well, this is reminding me of another buzz phrase that is commonly mentioned in news articles about this part of the world. Waziristan may be described as a lawless area, or part of the lawless tribal areas of Pakistan. Is that an accurate description?
AHMED: Not entirely. It was on one level, yes, lawless. On another level, it was very much a society which had certain balances within it. There was a tribal leadership based in lineage. There was a religious leadership. There were representatives of a central government what I was in charge of Waziristan. There was, by and large, law and order and it held. I was there for over two years.
What you are seeing today is a breakdown of these pillars of authority. You're seeing the tribal leaders being killed, something like 400 have been killed in Waziristan; mosques and madrassas are being attacked, so that a lot of the religious leaders, who advocate compassion and bringing people together or peace, they have been killed. And, of course, the central government representative or political agent has been made impotent.
INSKEEP: Now, you just used a phrase that not many people alive would be able to use. You said when I was in charge of Waziristan. When was that?
AHMED: I was in charge of Waziristan late in the 1970s up to 1980, as political agent. The political agent was a post created by the British to deal with the tribal areas. It was one of their most brilliant administrative innovations, where one officer was given tremendous authority. He, in fact, represented civil, executive, financial, judicial, all authority rolled into one.
This is what Americans in Afghanistan never understood because they fought the battle in the Afghanistan entirely through the military. They were not using political officers who understood the language, the culture and the tribes.
This whole debate about drones, for example, is just missing this aspect of the debate completely. So we hear the debates about keeping Americans safe, keeping boots off the ground, etc., etc., and the best way of dealing with this is to use drones. But what is happening on the other side, and the voices from that side of the world, are not being heard at all.
INSKEEP: OK, let's talk about that a little bit because there's this society that was under pressure or falling apart, if I'm not mistaken, even before the United States developed drones with weapons on them. When did things begin to fall apart along the border with Afghanistan, inside Pakistan?
AHMED: I would say, Steve, that in the tribal areas, society sort of chugged along over the last decade or two. But after 9/11, things became really very bad very quickly. Now remember, even before then, these areas were largely left to their own devices, which meant few hospitals if any, few schools if any. The last thing you need is to throw bombs at them and throw missiles and hit them with drones because you are then shattering whatever remains of that society.
INSKEEP: Well, let's talk about what happens when you begin raining drone fire on a region like Waziristan. And let's talk about it first from the proponents' point of view. What are the advantages, if you are a foreign power like the United States, to using drones rather than sending thousands of troops into a region?
AHMED: The American argument is plain and it's clear. And it's a strong argument, that none of our troops are involved, there's no danger to them. We're sitting in the Midwest somewhere, we press a button and people are killed across the world, and we achieve what we want to achieve which is to kill the bad guys.
The reality is that for every one, quote-unquote, "bad guy" who's taken out, there may be a hundred ordinary mothers, children, relatives who are killed. So when the drone falls, it doesn't just fall one day and goes away for the next 10 days. Steve, what happens is in fact, the drones are hovering and buzzing overhead round-the-clock, so that kids cannot sleep. They're traumatized.
They're terrorizing entire generations because they say we're living in fear; fear of where this will strike next. And I think as someone very concerned about trying to bring some sense of peace and order and humanity to the situation, we really have to step back and begin to say: Is this the most effective way of dealing with terrorism, and is it working?
INSKEEP: Are there some pretty well-documented bad guys who've been killed this way?
AHMED: Yes. But how many other bad guys have emerged, Steve? If you kill five or 10 or 15 or 30, you may have then alienated 100,000, 200,000, 300,000. Someone has to do the mathematics.
INSKEEP: One other thing, Professor Ahmed, we began by talking about Waziristan, this zone that if Americans have any knowledge of it at all, probably look at it askance. Strange people, very remote, a religion that is scary to a lot of people, a view of civil rights and women's rights and humans' rights that is just not in accord with the United States at all. They don't invite a lot of American sympathy. It sounds like you do have a great sympathy for that people. Why?
AHMED: I do because they're my people. My wife is from Swat. That's the people that have produced Malala Yousafzai. I'd like to know how many Americans would stand up, 15-year-old girls, and challenge the Taliban on their territory.
INSKEEP: Remind people who Malala Yousafzai...
AHMED: Malala Yousafzai was this young girl in Swat, whose only crime was that she was determined not to only educate herself but other girls. And she was shot. And in spite of that, she continues her campaign. And the Taliban have said when she comes back, we'll finish the job. So it's an ongoing battle. It's a battle that people there are very aware of and they have joined it.
My daughter is there doing exactly the same thing. She's from Swat. My wife is from Swat. So I know these people. So to simplify that entire region and dismiss them as potentially terrorists or not in sympathy with modernity is just sheer ignorance.
So I think we need to, again, revise our strategy, focus on things that can strengthen those elements in society that will create the kind of vision where we in the United States and they over there are able to be more compatible.
INSKEEP: Akbar Ahmed is author of "The Thistle and the Drone: How America's War on Terror Became a Global War on Tribal Islam."
Thanks very much for coming by.
AHMED: Thank you so much, Steve.
INSKEEP: It's MORNING EDITION from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/how-the-war-on-terror-became-a-war-on-tribal-islam | 2022-08-18T12:33:59Z |
NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Workday, Inc. (NASDAQ: WDAY).
If you are a shareholder of Workday, Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at:
You may also contact Robert H. Lefkowitz, Esq. either via email at rl@pjlfirm.com or by telephone at 212-725-1000. One of our attorneys will personally speak with you about the case at no cost or obligation.
Purcell & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct. For more information about the firm and its attorneys, please visit https://pjlfirm.com. Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE Purcell & Lefkowitz LLP | https://www.whsv.com/prnewswire/2022/08/18/shareholder-alert-purcell-amp-lefkowitz-llp-is-investigating-workday-inc-potential-breaches-fiduciary-duty-by-its-board-directors/ | 2022-08-18T12:34:04Z |
STEVE INSKEEP, HOST:
High school courses like woodshop or auto shop used to be called vocational classes. It was assumed that some kids would go to college and the other kids would just take vocational courses to learn a skill. But a lot has changed. Those classes now offer a pathway to college and a way to gain the skills to pay tuition.
Here's Sarah Alvarez of Michigan Radio.
UNIDENTIFIED MAN: All right. Good morning, everybody. The Science Olympiad will meet this week on...
SARAH ALVAREZ, BYLINE: When kids from the rural mid-Michigan school district of Stockbridge go looking for work, they have to go pretty far. There are no jobs here to speak of. That means they're competing against applicants from bigger, richer districts for jobs. That's made the school system willing to embrace technical education in a big way, even when it had a serious image problem as second rate education.
Here's one example, a scene from the eighties classic "The Breakfast Club."
(SOUNDBITE OF MOVIE, "THE BREAKFAST CLUB")
ALVAREZ: But in Stockbridge it's not one kind of kid who takes shop. There's no stigma around these classes. They include offerings like alternative energy, underwater robotics and marketing. And students here aren't tracked into these classes because somebody doesn't think they're college material.
Duane Watson is one of a strong bench of technical education teachers at Stockbridge. He has a huge shop filled with wind turbine kits, four cars and a lot of other stuff.
DUANE WATSON: And one compact utility tractor, a snowplow going on a truck, an alternative fuel vehicle - i.e., a battery-powered golf cart...
ALVAREZ: Three students, all seniors, are working on cars in the shop today. All three, like Jacob Krummrey, are going to college.
JACOB KRUMMREY: I'm going into mechanical engineering and material sciences at Michigan State, so hands-on and stuff that I like.
ALVAREZ: The technical classes at Stockbridge feed a lot of kids into college classes that teach the skills employers say they want their workers to have. But Watson's shop is full of equipment from technical education programs that have shut down. That's in part because federal technical education funds have shrunk by $140 million over the last two years. And good tech ed. teachers are hard to find because they can make a lot more money being an engineer, instead teaching high schoolers about engineering.
Also, the skills learned in technical classes don't often translate easily to high scores on standardized tests, or mesh with the national push for college readiness. But Stockbridge has held on to these programs because it knows they get kids into good jobs or colleges.
And Duane Watson says, for these students going to college, there's another incentive.
WATSON: I try to tell students when they come into this class you should be in here for one of two reasons: To make money or save money - or both.
ALVAREZ: Bram Ritsema is one of Watson's former students. He's now studying welding engineering at Ferris State University, where he's cutting metal in the welding lab.
(SOUNDBITE OF BANGING)
ALVAREZ: On the weekends Ritsema works at a manufacturer not too far from here. He says the head start he got in high school is still working to his advantage.
BRAM RITSEMA: I still use so much of what I learned at Stockbridge, definitely on the how to manage a project and get it completed. My senior project in high school was a single axel utility trailer that I built myself. And it really taught me how to start a project and complete it all the way through to the end.
ALVAREZ: Students like Ritsema are a big part of why Stockbridge has held on to these technical education programs, through 10 years of district budget cuts. Their students use these classes as a springboard to skilled employment and higher education, even if they have to do both at the same time.
For NPR News, I'm Sarah Alvarez.
(SOUNDBITE OF MUSIC)
INSKEEP: This is NPR News.
(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/in-michigan-district-a-new-look-for-vocational-education | 2022-08-18T12:34:05Z |
EL PASO, Texas, Aug. 18, 2022 /PRNewswire/ -- Hunt Companies, Inc. and WestStar are pleased to announce that WestStar Tower has achieved LEED certification to the Silver level. LEED (Leadership in Energy and Environmental Design), developed by the U.S. Green Building Council (USGBC), is the most widely used green building rating system in the world and an international symbol of excellence. Through design, construction and operations practices that improve environmental and human health, LEED-certified buildings are helping to make the world more sustainable.
"It was important to us that the building represents the best building and sustainability techniques possible as we pave the way for future development in downtown El Paso," said Josh Hunt, Executive Vice President of Hunt.
WestStar Tower achieved LEED certification for implementing practical and measurable strategies and solutions in areas including sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality. Green buildings allow companies to operate more sustainably and give the people inside them a healthier, more comfortable space to work.
Some specific measures that were taken to achieve LEED Silver at WestStar Tower included indoor and outdoor water use reduction strategies, recycling of building materials, optimizing energy performance resulting in a 20.5% energy savings, and the use of low-emitting materials.
"The work of innovative building projects like WestStar Tower is a fundamental driving force in transforming the way our buildings are built, designed and operated," said Peter Templeton, president and CEO, USGBC. "Buildings that achieve LEED certification are lowering carbon emissions, reducing operating costs and conserving resources while prioritizing sustainable practices and human health. Because of WestStar Tower, we are increasing the number of green buildings and getting closer to USGBC's goal to outpace conventional buildings, while being environmentally and socially responsible and improving quality of life for generations to come."
Certification is proof that buildings are going above and beyond to ensure the space is constructed and operated to the highest level of sustainability. More than 49,000 commercial and institutional projects are currently participating in LEED.
Hunt, based in El Paso, Texas, is a diversified, family-owned holding company that invests in operating businesses, real estate assets and infrastructure assets. Since its founding in 1947, Hunt's size and scope have grown substantially while gaining considerable expertise across multiple real asset sectors. Hunt's reputation is built on integrity and performance. Hunt is committed to a culture of transparency for employees, clients, investors, and the communities it serves. Hunt and its affiliates employ more than 4,300 people as part of affiliated businesses throughout the world. Learn more at www.huntcompanies.com.
WestStar is a locally owned community bank with more than $2.7 billion in assets. It services the El Paso, Las Cruces, and northern Mexico area (collectively known as the Borderplex region). WestStar provides businesses and retail consumers local access to a broad array of financial services, including banking, treasury management, wealth management, insurance, and title services. Additionally, WestStar team members serve on over 60 boards and committees of non-profit and civic organizations and participate in a wide range of community betterment efforts and philanthropic causes. For more information, visit the WestStar website at weststarbank.com.
The U.S. Green Building Council (USGBC) is committed to a healthy, resilient and equitable future for all through the development of green buildings, cities and communities. For more than 20 years, USGBC has been advancing green building practices through the development of LEED, the world's most widely used green building program. With the support of thousands of members, volunteers and partners, USGBC provides robust green building education courses, a rigorous professional credentialing program, and advocates for effective public policies. It convenes an international network of green building and sustainability leaders through the annual Greenbuild International Conference & Expo, and forward-thinking programs, including the Center for Green Schools. For more information, visit usgbc.org.
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The tall and imposing Nicolas Maduro stepped forward last week to be sworn in as Venezuela's interim leader following the death of President Hugo Chavez.
Before the country's packed congressional hall, he swore to complete Chavez's dream to transform the OPEC power into a socialist state, allied with Cuba and decidedly opposed to capitalism and U.S. interests in Latin America.
It's a dream Maduro says will not die, even with the death of El Comandante. Maduro told the country that he wasn't taking the oath because of ambition, vanity or because he comes from the Venezuelan elite.
The lawmakers and Chavista rank and file responded with cries of, "With Chavez and Maduro, the people are safe."
Maduro, to be sure, is solidly in charge of the government. Chavez, in his last public comments in December, told Venezuelans that Maduro was his political heir — and that gives Maduro a big advantage over the opposition in a snap election scheduled for April 14.
Still, Maduro is in for a scrap.
On Sunday, opposition leader Henrique Capriles accepted the nomination to take on the new president. Addressing Maduro, Capriles said he wouldn't step aside and allow Chavez's successor to have an easy road to long-term power.
Capriles said the government knew Chavez was in his death throes for weeks, and had been planning for this election. He also accused Maduro of using Chavez's death for political gain and to bolster support from the former president's die-hard loyalists.
The government hasn't stopped talking about Chavez or showing his image on its many state television stations. Chavez still sings guitar-laden llaneras on TV — the music of the great southern plains where he was born.
In one hagiographic spot, a poem is read about how Chavez is still here, in spirit, leading the country and his self-styled revolution. He wades into crowds, kissing babies and singling out poor followers for hugs.
It's powerful imagery, and it helps Maduro.
Out on the streets, where revolutionary songs still play, the president's supporters recall Chavez's last public words on Dec. 8: "Vote for Maduro if I'm not here."
Watching TV that day, 54-year-old Maria Andrade says that if the election were tomorrow, "I'm sure all Venezuelans would be in the street to vote for Maduro.
"That's what the president told us to do," she says.
That sentiment is perhaps shared by millions. But Maduro, once a reserved apparatchik, is also adopting the same intonation and fiery rhetoric as Chavez. He calls his opponents part of a rancid oligarchy out to sack the country, a favorite Chavez put-down.
Madura has also suggested that Venezuela's historic enemy — by which he means the U.S. — has something to do with Chavez getting cancer.
Reacting angrily to Capriles' accusations, Maduro said Sunday he'd remain loyal to the principles of the late president and the guiding light of the revolution — Simon Bolivar, hero of the independence era.
He also had a warning for what he called "ambitious oligarchs and imperialists."
"There are no imperialist claws that can handle this sacred land," Maduro said. "This sacred land of Simon Bolivar and Hugo Chavez."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2013-03-12/in-upcoming-venezuelan-vote-hugo-chavez-looms-large | 2022-08-18T12:34:11Z |
BEIJING, Aug. 18, 2022 /PRNewswire/ -- WeTrade Group Inc. ("WeTrade" or the "Company") (NASDAQ: WETG), an emerging growth company engaged in the business of providing software-as-a-services (SAAS) and cloud intelligent systems for micro-businesses, today announced the Company is in an advanced discussion with Zhixun Biotechnology Limited("Zhixun"), a company who specializes in production of medical sterilization products. WeTrade and Zhixun are ready to launch an in-depth cooperative sales promotion of Zhixun's disinfectant - Zhuchang in China and international markets, leveraging on WeTrade's SaaS platform and its the Internet of Things (IoT) supply chain via government entities, hospitals, malls, and other medical distribution channels.
Zhuchang disinfectant is a portable spray, officially registered with the PRC government, being the only and one-of-a-kind product in the market that is able to completely eliminate the COVID-19 Omicron variant. Zhuchang disinfectant has passed three prevailing testing authorities in China, i.e. Hubei Center for Disease Control, Guangzhou Customs Technical Center and Zhongguancun International Pharmaceutical Inspection and Certification Institution.
Based on the above authorities' research data, Zhuchang disinfectant can 100% eliminate the COVID-19 Omicron variant within one minute, and can get rid of other 99.99% common bacteria. This product has now completed the health and safety evaluation with PRC government, with complete approval for sales.
Mr. Pijun Liu, Chief Executive Officer of the Company, commented, "The potential partnership between Wetrade and Zhixun will not only enhance the sales of Zhixun's one-of-a-kind disinfectant to the next level, but also expand Wetrade's space in the medical area, which will become a strong and new growth driver for the Group. We firmly believe that the partnership between us and Zhixun will ultimately eliminate Omicron and bring our life and economy back to norm, making everyone's life easier and more conformable."
About WeTrade Group Inc.
WeTrade Group Inc. is a technical service provider of SAAS and Cloud Intelligent System for micro-businesses, and a pioneering internationalized system in the global micro-business cloud intelligence field and the leader, innovator and promoter of the world's cloud intelligent system for micro-businesses. WeTrade Group independently developed the cloud intelligent system for micro-businesses (Abbreviation: YCloud). YCloud strengthens users' marketing relationship and CPS commission profit management through leading technology and big data analysis. It also helps increase the payment scenarios to increase customers' revenue by multi-channel data statistics, AI fission and management as well as improved supply chain system. As of today, YCloud's business has successfully landed in mainland China and Hong Kong, covering the micro business industry, tourism industry, hospitality industry, livestreaming and short video industry, aesthetic medical industry and traditional retail industry. For more information, please visit https://ir.wetg.group.
Forward-Looking Statements
This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company's encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission.
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SOURCE WeTrade Group INC | https://www.whsv.com/prnewswire/2022/08/18/wetrade-group-inc-ready-kick-off-strategic-partnership-with-zhixun-bio-through-wetrades-saas-platform-its-internet-things-iot/ | 2022-08-18T12:34:16Z |
STEVE INSKEEP, HOST:
The state of Maine is working to repair the damage of an American outrage. Maine is one of the states where authorities once took away the children of Native American families. They were placed in foster homes or boarding schools, supposedly for their own good. Maine Public Radio's Susan Sharon reports on a state effort to bring families back together.
SUSAN SHARON, BYLINE: In a sun-filled church basement, several dozen parishioners have spread out on folding metal chairs to hear Denise Altvater, a Passamaquoddy grandmother, recount the story she has told more than 40 times over the past year.
DENISE ALTVATER: We lived in extreme poverty when I was little and I remember going a lot of times without shoes, without boots, without jackets. I remember going three, four days without food. We had no electricity, no plumbing and we had no bathrooms. And I think that's one of the reasons that they used, to take us when we were children.
SHARON: It was the 1960s. Altvater was seven years old. State child welfare workers showed up while her mother was away. The next thing she remembers, she and her five sisters were loaded into a pair of station wagons and they were driven more than a hundred miles away to home of a white foster couple.
There, Altvater says, she and her sisters were physically and sexually abused for the next four years. Her experience inspired the creation of the Wabanaki Child Welfare Truth and Reconciliation Commission.
ALTVATER: I think every time I tell my story it has less and less power over me. That's where the reconciliation starts.
SHARON: But no matter how often she shares her history with strangers, Altvater has been unable to discuss what happened in detail with her mother or her sisters. And it's something that is not unique to Altvater or to Maine, says Sandy White Hawk, a Sicangu Lakota from the Rosebud Reservation in South Dakota.
SANDY WHITE HAWK: Every time I read a statistic, they say 25 percent of us were taken and I don't think that's accurate. I think it was much more than 25 percent.
SHARON: White Hawk is the director of the First Nations Repatriation Institute, which brings together Indian adoptees, their biological parents and even social workers. And she's a newly appointed member of Maine's Truth and Reconciliation Commission. White Hawk says it's not just survivors who need healing but those who facilitated the Indian adoptions.
WHITE HAWK: They really did believe that we would not return and that we would be better for it than to know our family, to know our ways, to know our language, to know our songs and our ceremonies.
SHARON: Maine's is the first Truth and Reconciliation Commission in the United States to address Indian child welfare policies. And Commissioner Matt Dunlap says there is some concern about what that could mean.
MATT DUNLAP: People outside of state government have said, you know, is this going to lead to reparations? Well, that's not part of our charge. If somebody wants to seek financial damages, they can do that now.
SHARON: But the commissioners don't have subpoena power. They won't cross-examine witnesses or assess liability. Nor can they grant immunity from prosecution if someone confesses to a crime. What they will do is take testimony from anyone who wants to give it, including foster parents and state workers. Therese Cahill-Low is the state director of Child and Family Services.
THERESE CAHILL-LOW: We are owning that we did something horrific. And we could just change the laws or the policies or we could actually dig deeper and learn what we did, I mean, the depth of what we did.
SHARON: The state ended the practice of forced Indian adoptions in the mid-1990s. Cahill-Low says Maine records are so shoddy it's impossible to know how many children were taken and how many returned home. For NPR News, I'm Susan Sharon. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/maine-tribes-seek-truth-and-reconciliation | 2022-08-18T12:34:17Z |
All firm partners recognized in 2023 edition; national recognition comes as firm celebrates major milestone
HOUSTON , Aug. 18, 2022 /PRNewswire/ -- Houston-based premier litigation firm Hicks Thomas LLP announced today that 13 of its attorneys have been named to the 2023 list of The Best Lawyers in America, one of the most respected peer-review attorney guides in the nation.
Firm Partners John B. Thomas, Robin Harrison, Paul Mitchell, Stephen Loftin, Jay Old and Allen Rustay were recognized for their expertise in Commercial Litigation. Mr. Thomas earned additional honors for Intellectual Property Litigation, and Mr. Harrison was also recognized for Oil & Gas Law.
Additionally, Firm Partner Courtney Ervin earned honors for her work in Energy Law; J. Stephen Barrick was recognized for his Appellate Law practice; John Deis earned honors for Construction Litigation; and Eric Grant was recognized for Environmental Law. Stewart Hoffer was honored in two practice areas: Labor Law Management and Labor and Employment Litigation, and Gregg Laswell was honored for Oil and Gas Law.
Best Lawyers also named Hicks Thomas attorney Colin Watterson to its list of "Ones to Watch," which recognizes professional excellence in attorneys earlier in their careers. Mr. Watterson was honored for Commercial Litigation.
The 2023 edition marks the largest field of Hicks Thomas partners to be recognized and comes as the firm celebrates its 25th anniversary.
"When we founded this firm in 1997, it was always about doing what is best for our clients. It was that way on day one and continues to be that way today," said Hicks Thomas Partner John B. Thomas. "To have 100 percent of our partners honored in this way is really something special and confirmation that we have been and continue to be on the right path."
The Best Lawyers in America is based on confidential client and peer evaluations, as well as extensive editorial research. To read more about Hicks Thomas' Best Lawyers visit: https://www.bestlawyers.com/firms/hicks-thomas-llp/62934/US
Founded in 1997, Texas-based Hicks Thomas LLP is a premier litigation firm representing plaintiffs and defendants across the nation. With offices in Houston, Austin, Beaumont, Amarillo, and Sacramento, California, the firm provides in-depth experience in cases involving oil and gas, environmental, complex commercial, toxic tort, construction, products liability, corporate governance, securities, banking, insurance coverage, transportation, trade secrets and business litigation. Visit the firm at http://www.hicks-thomas.com.
Media Contact:
April Arias
800-559-4534
april@androvett.com
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SOURCE Hicks Thomas LLP | https://www.whsv.com/prnewswire/2022/08/18/13-hicks-thomas-attorneys-named-among-best-lawyers-america/ | 2022-08-18T12:34:22Z |
STEVE INSKEEP, HOST:
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
Mexico's new president has been in office for three months now. And despite his stated goal to fight drug violence with a new strategies, there are no signs the situation is any better. And he prefers to focus on other things; Mexico's economic potential, for one.
As NPR's Carrie Kahn reports, he's kept up a busy travel schedule at home and abroad, while singing Mexico's praises.
CARRIE KAHN, BYLINE: On a recent presidential trip to the Pacific State of Sinaloa, a smiling Enrique Pena Nieto gets a warm greeting from hundreds of farmers and businessmen gathered in front of a picture perfect corn field.
(APPLAUSE)
ENRIQUE PENA NIETO: (Spanish spoken)
KAHN: Pena is in the state promoting its agricultural industry.
PENA NIETO: (Spanish spoken)
KAHN: With an ease not often seen on the campaign trail, Pena tells the crowd have faith, have confidence in me, your public servant and the government. Together, we will work to bring progress and development to Sinaloa.
(APPLAUSE)
KAHN: This is Pena's standard pep speech. In his first 100 days in office, he's given one in almost every state. He's the country's non-stop cheerleader. He's even taken out radio and TV ads.
(SOUNDBITE OF A POLITICAL AD)
KAHN: The stylized black and white spots show a man jumping back and forth between famous Mexico City landmarks, while the narrator says we are all going to take Mexico where it deserves to go: To a better future.
Pena Nieto's feel good campaign has been working. He's been praised in the international press with glowing reports of Mexico poised to become the economic Aztec tiger of Latin America. Pena Nieto's own popularity is growing too.
What you don't hear him talk much about is the country's violent drug war, which is still as vicious and deadly as before he took office. The same day he was talking about corn and shrimp in Culiacan, home of the notorious Sinaloa Cartel, seven people were kidnapped and murdered in the state, four of them local policemen.
On the airport runway after touching back down in Mexico City, I asked President Pena why he doesn't talk more about controlling crime in the country.
(Spanish spoken)
PENA NIETO: (Spanish spoken)
KAHN: It is a subject that the government must address, Pena says. But he adds it's not the only one to talk about. He says his government plans to create a new 10,000-strong national police force. But that will take time to form. And in the meantime, Pena's strategy remains largely the same as his predecessor, which left the military in charge of fighting drug trafficker and a hefty death toll, more than 60,000 in the past six years.
Repeated requests to speak with Pena Nieto's national security advisor were denied.
Denise Dresser, a political analyst, says Pena is masterful with the media.
DENISE DRESSER: He's managed to change the topic and change the conversation, so that the headlines every day are no longer decapitations, the war on drugs.
KAHN: Instead they are about progress and optimism, she says. Pena has had some successes out of the gate. He wrangled the political pact with opposition parties to reform the monopolistic energy and telecommunications sectors. He passed a huge overhaul of the nation's failing education system. Then the next day, arrested the long untouchable head of the teacher's union on organized crime charges. That move alone gave him a huge popularity boost.
Public opinion pollster Ulysses Beltran says Pena Nieto's ratings are in the high 50s - not bad considering he was elected with just 38 percent of the vote.
ULYSSES BELTRAN: He has very good ratings in general, but the Mexican public is now fortunately hard to please.
KAHN: Mostly, Beltran says, because the recent economic gains in Mexico have yet to trickle down to the majority of the population. More than 60 percent of the public say they are not optimistic about Mexico's economic future.
BELTRAN: A critical, skeptical public is better, and that is very good for democracy.
KAHN: And he adds, isn't that a good thing?
Carrie Kahn, NPR News, Mexico City. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/mexican-president-shifts-focus-from-drugs-to-progress | 2022-08-18T12:34:23Z |
Multifamily investment firm's total transaction volume exceeds $400 million in the last 12 months
RICHMOND, Va., Aug. 18, 2022 /PRNewswire/ -- 37th Parallel Properties ("37th Parallel") just announced their newest acquisition, Creekside South, a 252-unit, 2015-built multifamily community located in the thriving Wylie submarket. The asset was acquired in an off-market transaction by 37th Parallel on behalf of their investors and joint venture partners. 37th Parallel now has more than 1,000 units in the Dallas-Fort Worth metro, representing over $235 million in asset value. This acquisition builds upon the firm's recent activity in the Sunbelt, completing over $320 million in transactions over the last twelve months with an additional $85 million pending.
"North Dallas has experienced explosive growth in recent years, benefiting from 18 of the top 25 corporate relocations and expansions in 2020 alone," said Dan Chamberlain, Managing Partner. "Wylie's population has grown 43% in the last eleven years, almost twice the rate of the Dallas-Fort Worth metro overall and six times the national average. With average household income over $115,000 and access to one of the best school districts in Dallas, we believe Creekside is particularly well positioned to capture the demonstrated suburban demand," said Chamberlain.
The property benefits from the comfort and convenience of a residential suburb combined with the connectivity and easy access to the multitude of Dallas metro amenities and employment centers. The property features a mix of one-, two-, and three-bedroom units with large floorplans averaging 936 square feet. Apartment and community amenities include nine-foot ceilings, private patios and balconies, resort-style swimming pool, outdoor lounge and firepit, as well as covered parking and attached garages.
Doug Fraser, who leads the acquisition efforts for the 37th Parallel, said, "The off-market acquisition of Creekside South is a testament to our proven investment philosophy and process and allows us to unlock significant value for our investors. We expect the demand for high-quality rental housing to continue as homeownership costs rise. The average price for a single-family home in the area has grown to $625,000, a 49% increase since January 2021."
This acquisition marks the 8th investment from 37th Parallel's inaugural fund, 37P – Fund I, which closed to new investment in early 2022. The Fund, which is over 85% invested, seeks to acquire value-add and core-plus multifamily real estate in dynamic growth markets in the Southeast and Texas. "We believe Creekside South makes an excellent addition to our growing Fund portfolio," says Chamberlain. "The Fund has experienced exceptional cash flow growth, with rental rates across all of its assets increasing an average of 18% in the last twelve months, nearly double the rate of inflation," he added. The Fund has investments in Dallas, Austin, San Antonio, and Atlanta.
The firm expects to launch its income and equity growth fund, 37P – Fund II, in September.
Chad Doty, Managing Partner, said, "Multifamily is benefitting from a significant supply-demand imbalance that continues to drive robust rental demand and high occupancy. The housing shortfall in the United States has grown to over 4 million homes, as the cost to build apartments has risen 31% in the last two years. Meanwhile, in the past eighteen months, the average home price has increased 35%, and mortgage rates have doubled, resulting in the widest cost differential between owning and renting in the past two decades. Given the demand and performance of Fund I, and the strong, secular tailwinds for multifamily, we are looking forward to the launch of Fund II in September," he said.
37th Parallel has been actively growing its multifamily portfolio throughout the Southeast and Texas and expects to surpass $1 billion in total transaction volume by the end of the year. "We are very excited about the opportunity set for multifamily going forward amidst broader economic uncertainty," said Fraser. "First, real estate supply is coming down as material costs have increased, supply chain challenges have elongated construction timetables, and higher interest rates have reduced liquidity for financing new projects. Combined with inflation, these factors support pricing power for existing real estate assets. Second, multifamily housing benefits from shorter duration leases, allowing rental rates to regularly reset to the prevailing market rates to stay ahead of inflation, which we have experienced real-time in our portfolio. Third, the sharp increases in home prices and borrowing costs have fueled record demand for multifamily. Our moderate leverage, demographic-focused model allows us to be conservative, while simultaneously putting us in a position to capitalize on the compelling investment opportunities that present themselves in volatile times."
Berkadia's Cutt Ableson secured low leverage debt financing from a global life insurance company on behalf of 37th Parallel for the acquisition.
37th Parallel Properties is a privately held, multifamily investment firm focused on owning and operating institutional multifamily communities in the Sunbelt. Based in Richmond, VA and founded in 2008, 37th Parallel has acquired and managed over 6,100 units and completed transactions totaling more than $950 million across the Southeast and Texas, all while maintaining a 100% profitable track record for its family of high net worth, family office, and institutional investors.
To learn more about 37th Parallel, visit www.37parallel.com.
MEDIA CONTACT
Kieran Donohue
Director, Communications
kdonohue@37parallel.com
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STEVE INSKEEP, HOST:
We have an update now on New York City's great battle between public health and personal freedom.
(SOUNDBITE OF AD)
INSKEEP: That's an ad by the group New Yorkers for Beverage Choices, which is paid for by the soft drink industry.
RENEE MONTAGNE, HOST:
Mayor Michael Bloomberg's ban on large, sugary drinks will not take effect today in New York City, as scheduled. A state judge struck down the rule intended to curb obesity.
INSKEEP: The ruling is a win for the beverage industry, but Bloomberg vows to appeal. NPR's Joel Rose reports.
JOEL ROSE, BYLINE: Mayor Michael Bloomberg might have been hoping to spend the day talking about how his city's ban on big, sugary drinks could be a model for the rest of the nation. Instead, Bloomberg found himself defending the idea at a hastily arranged press conference last night.
(SOUNDBITE OF PRESS CONFERENCE)
ROSE: What the city wants to do about it would be groundbreaking, except that New York State Court Judge Milton Tingling put on the brakes. The Board of Health wants to limit sugary drinks to no more than 16 ounces in restaurants, delis, food carts and movie theaters. But those limits would not apply in grocery stores or convenience stores. There are other loopholes, too. Beverages that are more than half milk are excluded, as are alcoholic drinks.
CHRIS GINDLESPERGER: The policy, as written, was riddled with irrational exclusions and loopholes.
ROSE: Chris Gindlesperger is a spokesperson for the American Beverage Association, one of the plaintiffs that sued to block the law. The judge agreed with their argument that the city's limit is, quote, "arbitrary and capricious."
GINDLESPERGER: The real issue here is that New Yorkers are smart enough to decide for themselves what's right to eat and drink, and they don't need government help doing that.
ROSE: The judge also agreed with the plaintiff's argument that the Board of Health had overstepped its authority. The city's top lawyer, Michael Cardozo, left no doubt that he'll appeal the ruling.
(SOUNDBITE OF SPEECH)
ROSE: But some New Yorkers urged the Bloomberg administration to take the hint and back down.
GARY BERRY: Listen, Mr. Mayor Bloomberg. Keep your mouth closed. Just let us live our life.
ROSE: Gary Berry lives in Harlem.
BERRY: You're trying to tell people how to eat, drink. You can't do that. You can't. Well, that's why I'm glad the judge blocked it.
(LAUGHTER)
ROSE: Polls show New Yorkers are roughly divided about the wisdom of the ban, with a slight majority opposed. Julie Mendelssohn of Queens thinks the judge did the right thing by striking down the size limit.
JULIE MENDELSSOHN: I think it is a good decision.
ROSE: You think the mayor was going too far.
MENDELSSOHN: A little bit. I think it should be parents' decision for their kids, and adults' decision for themselves.
ROSE: But other New Yorkers support what the mayor is trying to do. Thomas McPherson lives in the Bronx.
THOMAS MCPHERSON: There's a thing that my grandfather tells me: If it's not in the house, you don't eat it. You know, so, if it's not around, it's not a choice for people to have. Yeah, there's a way that's it's kind of bad. You take people's rights away, of choice. But in the long run, it's not going to hurt. Nobody's really going to miss it, and you're probably better off that way.
ROSE: Mayor Bloomberg has pushed controversial proposals before, and they've become national models, like the city's indoor smoking ban or its requirement that chain restaurants post calorie counts on their menus. But this time, that's looking like a long shot.
(SOUNDBITE OF SPEECH)
ROSE: Mayor Bloomberg may no longer be in office when the city's appeal is heard. His third and presumably final term ends in December. Joel Rose, NPR News, New York. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/n-y-judge-overturns-bloombergs-soda-ban | 2022-08-18T12:34:30Z |
Benefits help provide workers with income protection as financial and mental health pressures mount
COLUMBUS, Ga., Aug. 18, 2022 /PRNewswire/ -- Aflac, a leading provider of supplemental health insurance products in the U.S., today announced the launch of its newly enhanced Aflac Individual Short-Term Disability Insurance to help employers better support the changing needs of their valued workers amid economic uncertainty and enduring pandemic challenges. The company's income protection insurance product provides policyholders with a source of monthly income when a mental health condition or another covered injury or sickness leaves them unable to work.
According to the National Alliance on Mental Health, 21%, or nearly 53 million U.S. adults, experienced mental illness in 2020, and 46% of adults with mental illness received treatment.1 They go on to report that serious mental illness causes $193.2 billion in lost earnings each year.
"Today, more Americans are grappling with challenges that, in the past, may have received less attention, but in the wake of the pandemic it is increasingly clear that mental health is a major concern for our customers," said Aflac U.S. Deputy President Virgil Miller. "That is why Aflac is enhancing its offerings in the mental health space to provide solutions for consumers who seek to protect not only their physical health, but their emotional well-being as well."
Aflac's Individual Short-Term Disability product is a workplace benefit that can help protect the overall physical, financial and mental health of an employer's workforce. With a variety of options, employees can tailor coverage to their specific needs and budgets, so they can focus on recovery and getting back to work rather than financial stress.
"Events and conditions leading to disability that prevent people from working and generating income are more common than many think," said Kim Rudeen, vice president, Aflac Product Development and Management. "When a disability leaves a person unable to earn a living, increased out-of-pocket expenses could rapidly strain their finances. In fact, 1-in-3 employees (36%) could not go for more than one month without a paycheck, which is a high degree of fragility."3
- Expanded coverage for disabilities caused by common mental health conditions, including but not limited to schizophrenia, bipolar disorders, depressive disorders, anxiety disorders, eating disorders, post-traumatic stress, substance and alcohol use disorders.
- Expanded coverage with no rate increases to policyholders.
- Optional riders to help further amplify income protection coverage.
For more information visit Aflac.com/business.
Aflac Incorporated (NYSE: AFL) is a Fortune 500 company helping provide protection to more than 50 million people through its subsidiaries in Japan and the U.S., paying cash fast when policyholders get sick or injured. For more than six decades, the insurance policies of Aflac Incorporated's subsidiaries have given policyholders the opportunity to focus on recovery, not financial stress. In the U.S., Aflac is the number one provider of supplemental health insurance products.4 Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan, where it insures 1 in 4 households. In 2021, Aflac Incorporated was proud to be included as one of the World's Most Ethical Companies by Ethisphere for the 16th consecutive year. Also in 2021, the company was included in the Dow Jones Sustainability North America Index and became a signatory of the Principles for Responsible Investment (PRI). In 2022, Aflac Incorporated was included on Fortune's list of World's Most Admired Companies for the 21st time and Bloomberg's Gender-Equality Index for the third consecutive year. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/español. Investors may learn more about Aflac Incorporated and its commitment to ESG and social responsibility at investors.aflac.com under "Sustainability."
Media contact: Jon Sullivan, 706-763-4813 or jsullivan@aflac.com
Analyst and investor contact: David A. Young, 706-596-3264, 800-235-2667 or dyoung@aflac.com
1 National Alliance on Mental Health (2022). Mental Health Stats. Accessed July 20, 2022, from https://www.nami.org/mhstats.
2Integrated Benefits Institute (2019). IBI Benchmarking Analytics Series: Which Diagnoses Drive STD Incidence, Costs and Lost Time? Accessed from https://f.hubspotusercontent10.net/hubfs/8926463/Resource%20Assets/Benchmarking%20Analytics/IBI-Benchmarking-Analytics-STD-condition-drivers.pdf.
3 Aflac (2021). 2021-2022 Aflac WorkForces Report. Accessed July 5, 2022, from https://www.aflac.com/docs/awr/pdf/2021-overview/2021-aflac-awr-health-wellness-power-benefits.pdf
4 LIMRA 2021 US Supplemental Health Insurance Total Market Report.
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RENEE MONTAGNE, HOST:
It's MORNING EDITION, from NPR News. I'm Renee Montagne.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep.
Cardinals have spent the morning praying in Rome as they started the ancient ritual of electing a new pope.
MONTAGNE: The actual voting takes place out of sight in the Sistine Chapel, so NPR's Sylvia Poggioli is watching for every sign that is visible.
Good morning, Sylvia.
SYLVIA POGGIOLI, BYLINE: Good morning, Renee.
MONTAGNE: So what did you hear or possibly discover when the cardinals celebrated Mass?
POGGIOLI: Well, what we heard is the homily that was delivered by the dean of the College of Cardinals, the Italian Cardinal Angelo Sodano, who's over 80. His message was simple. He implored that the cardinals find a good shepherd for the church, an evangelizer who can promote the church throughout the world. He also made a very strong appeal for church unity. And there were sharp divisions in the pre-conclave debates over the Vatican management itself.
INSKEEP: Well, let's talk a little bit about that, and also talk about the management of this event. How, if at all, has this election process adapted to the modern world, Sylvia?
POGGIOLI: Well, it's very elaborate. There's the hypnotic Gregorian litany, with which the cardinals invoke the help of the saints to guide them in their papal choice. There's the amazing bright red vestments, straight out of the Renaissance paintings, that line the Vatican halls. And there's Michelangelo's fresco, "The Last Judgment," that's a constant reminder of the horrors of perpetual damnation.
But there's also the modern ritual of politicking. Rules say no cardinal can openly campaign, but cardinals are allowed to have private conversations - in Latin, that's mumuratio. And when they're not inside the Sistine, the cardinals will be busy murmuring in each other's ears over coffee or pasta. And since there are no big frontrunners, but many potential popes, this murmuring could be the key to creating new alliances for a particular candidate.
MONTAGNE: Well, Sylvia, let's talk about that. I mean, granting the voting is very secret, or expected to be, who are the cardinals who are seen at this moment in time as favorites?
POGGIOLI: Well, the two names I will probably face off in the early balloting are Cardinal Angelo Scola of Milan, an Italian conservative not linked to the Vatican administration, known as the Curia. And he's favored by many cardinals from abroad, while the Curia's favorite is Brazilian Odilo Pedro Scherer, who's had a long experience in the Vatican.
To be elected, a candidate needs two-thirds of the votes of the 115 cardinals. That's 77 votes. If that doesn't happen in the early voting, the field really opens up. The names we're hearing are Canadian Cardinal Marc Ouellet, who leads the important Vatican Department on Bishops, Hungary's Peter Erdo, who's president of the European bishops, as well as some Latin Americans, and most surprisingly, two Americans: New York's Timothy Dolan and Boston's Sean O'Malley.
What's interesting is that so many candidates are from North and Latin America. Now, if one of these wins, it would be really an historical shift from the centuries-old Eurocentric papacy. The Czech Cardinal Dominic Duka referred to this when he said: Europe doesn't play the violin anymore.
INSKEEP: Well, let's talk a little bit about that, because that's one of the things that people speculate about whenever there's a new pope being selected. People wonder if there might be a non-European pope. People ask questions about reforming the church, changing church policies. That's what's being asked on the outside.
But as best as you can tell, Sylvia, on the inside, are those the same concerns that cardinals actually have?
POGGIOLI: Well, I think the absolutely dominant pre-conclave theme was governance of the Vatican administration, the Curia, and in particular, of - also the financial issues. Yesterday, Cardinal Bertone who was Benedict's right-hand man, read a report on the controversial issue about Vatican finances and the Vatican Bank. He's under attack for poor oversight of the bank, which is being investigated for lack of transparency and suspected money laundering.
The Brazilian Cardinal Joao Braz Aviz, who's also come up as a potential pope, was very sharp in his criticism of Bertone, and was applauded by many cardinals. The loudest message is that the church urgently needs structural reforms, including giving bishops decision-making powers.
Many analysts say that if the papacy remains as it is, an absolute monarchy, it cannot effectively guide 1.2 billion faithful.
INSKEEP: Sylvia, thanks very much. That's NPR's Sylvia Poggioli, in Rome. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/papal-conclave-gets-under-way-at-the-vatican | 2022-08-18T12:34:36Z |
ZUG, Switzerland, Aug. 18, 2022 /PRNewswire/ -- Arf, the global settlement banking platform for licensed money service businesses, announces that it has been granted the approval of the Financial Services Standard Association (VQF) through Arf's entity in Zug, Switzerland.
Arf's VQF membership assures its compliance with the Swiss Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) acts, providing global regulatory acknowledgment of its reliability and underlining its position as the empowering partner of licensed money service businesses (MSBs) worldwide.
VQF is one of the world's oldest and most selective cross-industry Self-Regulatory Organizations (SRO) and is officially authorized by the Federal Financial Market Supervisory Authority (FINMA). It is recognized as Switzerland's financial services watchdog, supervising its members with regard to AML and CTF regulations.
CEO Ali Erhat Nalbant said: "We are thrilled to have received the VQF license approving our strong place in the global finance ecosystem. As we are scaling our business globally, the support of Swiss regulators enables us to provide our Web3 cross-border treasury management and working capital credit lines to a wider range of MSBs in need. This way, we'll be elevating the ecosystem together more effectively."
Rajpal Khangura, Chief Compliance Officer, commented: "As one of the world's oldest and most selective cross-industry SROs, VQF's approval affirms our commitment to using blockchain technology and digital assets in full compliance with regulatory requirements all over the world. We are honored to become a member."
With the regulatory stamp of approval from Switzerland, Arf will continue expanding its products and solutions in line with its position as the trusted partner of licensed MSBs and financial institutions.
Arf recently launched Arf Credit Line to provide MSBs instant access to transactional working capital credit lines, allowing any corridor to be post-funded in real-time. By leveraging stablecoins and allowing instant settlements across multiple channels, including bank accounts, e-wallets, and cash pickup points, the company enables MSBs to build API-based cross-border financial operations and treasury management. Arf was also listed in Sifted's "13 European Web3 Startups to Watch" list this year, which drew from the insights of investors across Europe.
About Arf
Arf is a global settlement banking platform, providing real-time fiat-to-fiat cross-border settlements, stablecoin-based credit lines, and global treasury management for financial institutions and licensed money service businesses (MSBs).
Photo - https://mma.prnewswire.com/media/1880873/Arf.jpg
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RENEE MONTAGNE, HOST:
It's MORNING EDITION from NPR News. Good morning. I'm Renee Montagne.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep. The last time Catholic cardinals shut themselves in the Sistine Chapel to choose a new pope, they elected a man widely seen as a transitional figure. Pope Benedict was a European leader of a church whose membership has spread elsewhere. His reign proved to be relatively short, though he elevated many of the church leaders who now choose his successor.
NPR's Philip Reeves reports on the men behind an ancient election system, choosing a leader to face may very modern challenges.
PHILIP REEVES, BYLINE: Visitors to Rome in recent days could be forgiven for concluding they've stumbled across a bizarre new form of hunting. The hunters are journalists from far and wide. The prey are the mostly elderly cardinals who're about to elect a new pope.
UNIDENTIFIED MAN #1: (French spoken)
UNIDENTIFIED MAN #2: Oui.
UNIDENTIFIED MAN #1: (French spoken)
UNIDENTIFIED MAN #2: (French spoken)
REEVES: The hunters are tireless, tracking down cardinals and pounding them with questions about who among them might succeed Benedict XVI, the first pontiff in nearly 600 years to retire. Anyone believed to have even a slim chance of getting the job gets special attention.
CARDINAL SEAN O'MALLEY: (Italian spoken)
REEVES: At Mass here on Sunday, Cardinal Sean O'Malley, archbishop of Boston, delivered his address to the rattle of camera shutters.
O'MALLEY: Let us pray that the Holy Spirit illumine the church to choose a new pope. Will...
REEVES: Today, cardinal hunting season ends. The red-robed cardinals will be locked inside the Vatican to begin voting. White smoke wafting from the Sistine Chapel roof will signal they've elected a new pope.
Vatican watchers say it's hard to say who he'll be or how long this will take. That doesn't deter everyone from speculating.
Grace Rossi, a pensioner from Rome, is soaking up the atmosphere in St. Peter's Square.
Who do you think will be elected? I mean who are you expecting?
GRACE ROSSI: Italian from Milan.
REEVES: She's referring to Cardinal Angelo Scola, archbishop of Milan, who's widely seen as a strong contender.
Are you happy about that?
ROSSI: No, because the church is universal, you see. We need people that speak to the world, all the world.
REEVES: Italians form a quarter of the College of Cardinals who'll elect the pontiff. The Americans are the second largest group, with 11. Cardinals are appointed by the pope and include his closest advisors. They've elected the pontiff since 1179.
The system was introduced to stop pope-making from being paralyzed by violent feuds between noble families, monarchs and the clergy. This time, 115 cardinals will vote; those aged 80 or above on the day Pope Benedict resigned aren't eligible.
The cardinals fall into two broad groups: those in the Curia - the Vatican's Rome-based administration - and the rest. There are internal tensions, stoked by the current crisis in the church.
FATHER THOMAS REESE: It's become clear through the Vatican leaks, the doc - leaking of the documents out of the Vatican, that there are serious divisions in the Vatican Curia.
REEVES: Father Thomas Reese of the National Catholic Reporter has made a study of papal conclaves and the cardinals who take part. He says there's also a division between the Curia cardinals and those from outside Rome.
REESE: Because the cardinals outside of Rome are seeing all these stories about scandals and corruption and the Vatican, and they want the place cleaned up.
REEVES: Choosing from among their own ranks isn't easy for the cardinals.
MICHAEL WALSH: It's a slightly difficult situation for them, frankly.
REEVES: Professor Michael Walsh is author of a book called "The Cardinals." He says there's much the cardinals cannot do during the conclave, like campaigning openly or overt deal-making.
WALSH: They're not allowed to impose, for instance, policies on a pope, you know, while the election's taking place. If somebody is emerging, they say - they can't go up to him and say we'll vote for you provided you do X, Y or Z.
REEVES: Walsh's an advocate of church reform, arguing the Vatican's far too powerful and remote from its 1.2 billion congregation. He's not alone.
MARILYN HATTON: My mission is to have women's voice heard in this whole papal conclave.
REEVES: Marilyn Hatton, from Australia, campaigns for the ordination of women. She dislikes the way the pope's chosen by a secretive group of senior male clerics.
HATTON: I think it's an exclusive, elitist club. I mean we don't get into the conclave. And yet we're half the population, we're probably two-thirds of the congregation in any Catholic church.
REEVES: Back in St Peter's Square, Grace Rossi knows what she would do if she was allowed to vote.
ROSSI: Well, I would like to have a pope from Africa.
REEVES: Rossi doubts the cardinals will follow her advice.
ROSSI: I mean, you know, they're old people, and they think with old minds. We need young people.
REEVES: Philip Reeves, NPR News, Rome. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/power-to-select-pope-rests-with-115-princes | 2022-08-18T12:34:42Z |
Donnell Campbell, Head of Global Diversity, Equity & Inclusion Receives Business Leader Award
HANOVER, Md., Aug. 18, 2022 /PRNewswire/ -- Aston Carter, a leading staffing and consulting firm with a focus on financial and professional services, announced today that two executives will be participating in the second annual National Black Men in Leadership Summit. The Michigan Diversity Council (MIDC), in partnership with the National Diversity Council (NDC), is hosting the event, which will focus on "Resilient Leadership: Connection, Community and Contribution."
Aston Carter President, Stuart Ferguson, and Head of Global Diversity, Equity & Inclusion (DE&I), Donnell Campbell, have been selected to speak on a panel: Anti-Racism, Allyship, and Authenticity: Building Transformational Organizations at the National Black Men in Leadership Summit. The central goals of the summit are to advance the knowledge of corporate leaders so that they can inspire respect and understanding by educating them on the many facets of diversity, creating an open dialogue that supports diversity and inclusion practices in the workplace, and promoting outreach efforts to youth affiliated with the program.
During the National Black Men in Leadership Summit Awards, Campbell will be recognized with the 2022 Business Leader Award. The award highlights individuals who have achieved success in their careers, while paving the way for Black men to advance in the corporate and education arena.
"Donnell's passion for creating and promoting a culture of inclusion is unparalleled," said Ferguson. "We are so proud of his outstanding leadership and that he is being recognized by the MIDC and NDC for his commitment."
To learn more about the National Black Men in Leadership Summit, visit here. For more information about Aston Carter's talent solutions and services, please visit AstonCarter.com.
Established in 1997, Aston Carter is a leading staffing and consulting firm, providing high-caliber talent and premium services to more than 7,000 companies across North America. Spanning four continents and more than 200 offices, Aston Carter extends its clients' capabilities by seeking solvers and delivering solutions to address today's workforce challenges. For organizations looking for innovative solutions shaped by critical-thinking professionals, visit AstonCarter.com.
Aston Carter is a company within Allegis Group, a global leader in talent solutions.
A non-profit organization committed to fostering a learning environment for organizations to grow in their knowledge of diversity. The council affords opportunities for organizations to share best practices and learn from top corporate leaders in the areas of diversity and inclusion. For more information about the National Diversity Council, please visit www.nationaldiversitycouncil.org.
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STEVE INSKEEP, HOST:
For only the second time ever, the Securities and Exchange Commission is charging a state with securities fraud. The SEC says Illinois misled investors about the true health of its pension funds, which now have a shortfall of nearly $100 billion. NPR's David Schaper reports.
DAVID SCHAPER, BYLINE: For decades, Illinois's governors and state lawmakers have failed to put enough money into the pension funds for state workers, university employees, teachers, judges, and even themselves. From 2005 through 2009, as the state's pension hole grew especially deep, the SEC says the administration of then-Governor Rod Blagojevich misled investors who were buying the state's bonds about just how bad Illinois's unfunded pension liability really was.
LAURENCE MSALL: The SEC is saying that there was not sufficient disclosure so that people could evaluate what the real risk of Illinois debt was.
SCHAPER: That's Laurence Msall of the Civic Federation, a budget watchdog group.
MSALL: The state's financial health has slipped to a level unprecedented among any of the 50 states. And this last finding is a very serious indictment of the state's financial reporting.
SCHAPER: Illinois is settling the charges with the SEC, not admitting to any wrongdoing but agreeing to a cease and desist order. A top budget official says the state has been filing more complete financial disclosures since 2010, when New Jersey faced similar charges. Again, Laurence Msall.
MSALL: This is yet another wakeup call for all of the governors of all of the states that the federal government is concerned by the level of debt and the level of unfunded pension liability that continues to grow.
SCHAPER: That unfunded pension liability of all of the states is over $750 billion. Illinois's alone is more than 96 billion. David Schaper, NPR News, Chicago. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/sec-charges-illinois-with-fraud-over-pensions | 2022-08-18T12:34:48Z |
RENEE MONTAGNE, HOST:
NPR's business news starts with the SEC nominee.
(SOUNDBITE OF MUSIC)
MONTAGNE: This morning, President Obama's pick to head the Securities and Exchange Commission is in front of the Senate Banking Committee. Mary Jo White released prepared testimony yesterday, giving a glimpse of what she'll address during her confirmation hearing. She pledges to beef up enforcement efforts, citing her experience as a New York prosecutor. Some critics, though, point to her more recent defense work, in which she defended some high-profile Wall Street names. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/sec-nominee-faces-senate-panel-in-confirmation-hearing | 2022-08-18T12:34:54Z |
MINNEAPOLIS, Aug. 18, 2022 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today announced that R&D Systems®, a Bio-Techne brand, has released its new Quantist Luminex® data analysis software. Compatible with all available Luminex xMAP® instruments, Quantist software provides fast, reliable analysis of Luminex multiplex assay data, helping researchers extract valuable insights from complex data.
The new Quantist software provides researchers with an important tool for quickly analyzing dozens of analytes with improved accuracy and efficiency, including the ability to evaluate the long-term consistency of their Luminex assay data. The intuitive software interface allows users to easily make inter-assay comparisons, adjust standard curve parameters, and export optimized data for creating ready-to-graph Excel files.
"The ability to accurately analyze complex scientific data and turn it into actionable insights is critical across all areas of research," said Will Geist, Bio-Techne's Protein Sciences Segment President. "Quantist helps meet this fundamental need, allowing researchers to uncover valuable insights that can accelerate discovery. It also provides an important component in our ongoing strategy of supporting customers with end-to-end solutions across their multiplex assay workflow."
Luminex xMAP technology is a leading bead-based assay platform that allows for the simultaneous detection of multiple targets in a single sample. The quantification of multiple cytokines and other biomarkers in a sample provides critical information about biological processes and diseases. With Quantist software, R&D Systems Luminex users now have a comprehensive, end-to-end workflow solution for intelligent, high-performance multiplexing.
Taken together, R&D Systems® Discovery and High Performance assays comprise one of the largest, most flexible Luminex analyte menus available. Assays are available for human, mouse, porcine, non-human primate, and rat from samples including serum, plasma, and cell culture media.
About Bio-Techne
Bio-Techne Corporation (NASDAQ: TECH) is a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic communities. Bio-Techne products assist scientific investigations into biological processes and the nature and progress of specific diseases. They aid in drug discovery efforts and provide the means for accurate clinical tests and diagnoses. With thousands of products in its portfolio, Bio-Techne generated approximately $1.1 billion in net sales in fiscal 2022 and has approximately 3,000 employees worldwide. For more information on Bio-Techne and its brands, please visit http://www.bio-techne.com
About Bio-Techne Corporation (NASDAQ: TECH)
Contact: David Clair, Vice President, Investor Relations
david.clair@bio-techne.com
612-656-4416
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Technology has made it easier than ever to track your activity levels, your sleep cycles, how you spend your time, and more. The self-trackers who near-obsessively capture and analyze their own data are part of a growing "Quantified Self" movement.
Interested in giving self-tracking a try? Self-tracker Peter Zandan, an executive at Hill+Knowlton Strategies who headed up a panel on Quantified Self this year at South by Southwest, helped us curate this list of apps and devices to get more data feedback from your daily life.
If you're just getting started, the most "mainstream" self-tracking devices are the Fitbit, Jawbone UP, and Nike Fuelband. Apple's getting in on this wristband-tracking market with its iWatch, which is expected to come out at the end of this year.
For heart rate monitoring devices, Garmin and Polar both make options that self-trackers like.
Food monitoring apps include MyFitnessPal and MyPlate. "[These are] great for folks who want to do more than count calories," Zandan said.
If you want to dig a little deeper, these self-tracking devices, apps and systems might teach you something that you don't know about yourself.
23andMe: A DNA analysis service that provides information and tools for you to learn about your genetic traits, disease risk and ancestry; you mail a saliva sample for laboratory testing.
Talking20: Amino acid testing to monitor what is happening in your body over time; you mail small blood samples and receive digital results.
Moodscope: An app that allows you to track your mood each day using an online card game; look at scores over time and share with friends.
Zeo: A comprehensive sleep monitoring system that includes a lightweight headband, bedside display, online analytical tools and email-based personalized coaching program.
Equanimity: An app that provides reminders and feedback for your meditation practice; it includes a timer, journal for note-taking and historical graphics.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2013-03-12/self-tracking-apps-to-help-you-quantify-yourself | 2022-08-18T12:35:00Z |
Revenue grows 48% Y/Y, Adjusted EBITDA Improves 53% Y/Y, and Positive Cash Inflow from Operations
CUPERTINO, Calif., Aug. 18, 2022 /PRNewswire/ - (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to report its financial results for the three-month period ended June 30, 2022. All figures are reported in U.S. dollars, unless otherwise indicated. Boardwalktech's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").
- Revenue for Q1-FY23 was $1.51 million, a 48% increase from $1.02 million in Q1-FY22, and a 26% sequential increase from $1.20 million in Q4-FY22. Revenue from recurring SaaS licenses in Q1 Fiscal 2023 increased 89% year-over-year from higher incremental licenses executed with both new and existing customers.
- Annual recurring revenue ("ARR"), at June 30, 2022 was $5.1 million, a 56% year-over-year increase versus ARR of $3.2 million at June 30, 2021. ARR is a non-IFRS measure, and the Company defines ARR as the recurring revenue expected based on annual license subscriptions and recurring services.
- Since the Company implemented its SaaS business model in 2018, total revenue from new contracts signed since 2018 comprised approximately 86% of total revenue in Q1-FY23, compared to 71% in the prior year, expanding at a 45% compound annual growth rate ("CAGR").
- Gross margin for Q1-FY23 was 90.2%, a 3.4%-point increase from the previous year's level of 86.8%, and a 2.6% point increase from Q4-FY22 gross margin of 87.9%.
- Adjusted EBITDA for Q1-F23 was a loss of $(0.26) million, a 53% improvement from the $(0.54) million loss in Q1 -FY22, and 44% sequential improvement from the $(0.45) million loss in Q4-FY22. Cash inflow from Operations was a positive $0.9 million, with a cash balance of $1.7 million as of June 30, 2022.
- Non-IFRS loss for Q1-FY23 (as defined in the Non-IFRS Financial Measures section) was a loss of $(0.27) million, or $(0.01) per basic and diluted share, a 52% improvement versus a $(0.56) million non-IFRS loss in Q1-FY22, or $(0.01) per basic and diluted share, and a 45% improvement versus $(0.49) million non-IFRS loss in Q4-FY22, or $(0.01) per basic and diluted share; as revenue growth outpaced selective opex spending.
- Net loss for Q1-FY23 was $(0.8) million, or a loss of $(0.02) per basic and diluted share, versus a $(0.7) million loss in Q1-FY22, or $(0.2) per basic and diluted share, and a $(1.1) million loss in Q4-FY22, or $(0.03) per basic and diluted share, a 23% sequential improvement.
- The Company is tracking at the high end of its previously announced revenue guidance of $6.5 million to $7.0 million for FY 2023 (60% year-over-year growth at top of range).
- The Company still believes it has sufficient funds and current receivables that it neither needs to, nor plans to raise additional equity to achieve its guidance.
- On June 30, 2022, the Company executed another expansion of its license and services contract, first started in 2018, with an existing customer (one of the world's top accounting and consulting firms), increasing the annual recurring revenue by an additional $500,000.
- On June 2, 2022, the Company announced results of its Annual and Special Meeting, where shareholders elected all proposed Directors, appointed MNP LLP as auditors of the Company and approved an amendment to the Equity Incentive Plan.
- On April 25, 2022, the Company announced it had signed its second banking client via a new license contract with a major India bank, with initial revenue beginning at the end of Q4-FY22.
"Momentum exiting Fiscal Year 2022 continued into the first quarter of this year, as the Company saw an increase of recurring revenue licenses both from new and existing customers, further demonstrating our 'land and expand' strategy. Our ARR is in excess of $5 million and continues to grow each month." Chief Executive Officer Andrew T. Duncan commented, "With our sequential and year-over-year growth in revenue, improvement in EBITDA, and positive cash flow from operations, we believe our reported results reflect that ongoing progress. Our June outlook was the Company's first guidance, but it did not include the conversion of deals in our pipeline, so any such success should be incremental to that guidance. In addition to this organic growth, following the success of the addition of two global banking institutions, we are experiencing good traction in this new business channel – both with new partners and end customers - and we expect to close new deals with other enterprises in the months ahead. The Boardwalktech low code digital ledger platform continues to gain traction with these enterprises as it seamlessly solves the many problems associated with structured and unstructured data delivering improved visibility and decision making along with outstanding results and ROI."
As part of the Company's annual ongoing retention program and as allowed under the 2019 Equity Incentive Plan, as amended and approved by shareholders on June 2, 2022, the Company has granted an aggregate of 1,994,000 Restricted Stock Units ("RSU's") to officers, directors and employees of the Company. 50,000 of the RSUs vest over a two-year period, and 1,944,000 of the RSUs vest over a three year period. These grants will be deemed effective as of August 31, 2022.
Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. For more information on Boardwalktech, visit our website at www.boardwalktech.com.
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved".
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements.
An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's filing statement dated May 30, 2018. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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STEVE INSKEEP, HOST:
President Obama's administration plans extra aid to Syrian rebels. As we heard yesterday, some analysts see hints in the statements of Secretary of State John Kerry that the U.S. could take even stronger steps.
James Dobbins hopes the U.S. does. The former envoy to Afghanistan, Bosnia and Kosovo argues U.S. policy is finally moving in the right direction.
JAMES DOBBINS: I think it is. I think they've been moving too slowly. I think all of the regional experts agree that the longer the civil war goes on, the worse its aftermath is going to be; the more likely it is that the country splits asunder and that the conflict is transferred to neighboring states.
INSKEEP: You know, that's interesting because President Obama, some weeks ago in an interview with the New Republic, said one of the questions on my mind is why the conflict in Syria would be worthy of intervention, as opposed to something in the Congo.
DOBBINS: Well, I think there's two answers. One is that the largest U.N. peacekeeping force in the world is in the Congo, and the U.S. is paying for 25 percent of it. I don't think there's a realistic prospect for a U.N. force in Syria, and so that option isn't available. I think Russia and China would both stand in the way and frankly, there wouldn't be a lot of volunteers for a peacekeeping force. Something more robust is going to be needed, either a more active support, including equipment for the opposition, or alternatively or additionally, some addition of air power.
INSKEEP: OK. You just hit one of the real challenges. You start sending arms, how much is enough? Because maybe artillery is not going to be sufficient here. Maybe that's not enough and you end up needing to help coordinate the opposition forces in some way. Maybe that's not enough and you end up having to send U.S. troops.
DOBBINS: Well, I'm not sure incrementalism makes the most sense. The consensus among all experts is that the longer this takes place, the worse the aftermath is going to be.
INSKEEP: But how much is going to be enough?
DOBBINS: Well, I think there are two options - they're not mutually exclusive. One is to provide equipment - arms - to the opposition. And the question there is what kind of arms are they actually capable of fielding and using? The second would be some kind of air intervention. People talk about a no-fly zone, but maybe a simpler task is to simply essentially, overnight, take out the Syrian Air Force on the ground using drones and stealth aircraft. At which point you don't have to have - enforce a no-fly zone because he doesn't have any more airplanes.
INSKEEP: So even though people will talk about the limitations of air power, you're arguing that this is a situation where it can actually make a significant difference.
DOBBINS: I think it would do more than any other single thing to change the balance. It is after all, only in the air that Assad is still sovereign over Syria, which is not to say that it's an alternative to providing arms. I think providing arms to the right people is important, not just with respect to how quickly it leads to Assad's downfall, but whom it empowers within the opposition.
INSKEEP: You just touched on another tough one there, providing arms to the right people. That's a hard one to figure out, isn't it?
DOBBINS: It shouldn't be at this stage. The civil war has been going on two years. We've been watching it carefully. If the CIA, the State Department don't know who the right people are now, we've got a pretty hopeless intelligence network.
INSKEEP: And I suppose we should explain for people, there are groups fighting the Syrian government that appear to be extremist groups, as well as groups that are more sympathetic to what we might describe as universal human rights or Western values, or however you want to describe it.
DOBBINS: That's right. Which has been the case in virtually all of the insurgencies that we've supported. There were certainly extremist elements in Afghanistan back in the 1980s.
INSKEEP: Although, somebody might say there's an example of why not to do that again. There was all that blowback. There was the creation of al-Qaida itself.
DOBBINS: It's certainly an excellent reason not to support an insurgency and then wash your hands of the subsequent situation. The decisive factor in terms of the rise of the Taliban and al-Qaida was the fact that the United States and most of the international community simply walked away and left it to Pakistan and to other more extremist elements to determine Afghanistan's future in the '90s.
INSKEEP: What are the downsides to greater intervention in Syria, for the United States?
DOBBINS: Well, I think there are, you know, political risks that I think weigh on the administration, as well as the geopolitical risks, which have to do with the deterioration in the relations with the Russians, the possibility that this will lead to a waning of pressure on Iran, as the focus shifted to Syria.
INSKEEP: Distraction, sure.
DOBBINS: And, of course, the possibility that the intervention wouldn't work and that it would look like a failure. I mean those are all the kinds of risks that any policymaker has to face in considering an engagement of this dimension.
INSKEEP: You would face them, though?
DOBBINS: I think the consequences of not acting and the risks of not acting are even greater.
(SOUNDBITE OF MUSIC)
INSKEEP: James Dobbins of the Rand Corporation on MORNING EDITION from NPR News. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/should-the-u-s-arm-rebels-in-syria | 2022-08-18T12:35:06Z |
Bonjour Amour Swimwear is taking over plus size luxury swimwear for plus size fashionistas
LOS ANGELES, Aug. 18, 2022 /PRNewswire/ -- Bonjour Amour Swimwear is announcing plus size all year round swimwear for their luxury swimwear label. Luxury swimwear brand Bonjour Amour Swimwear is a hit with influencers, A-list models and public figures. Joining Bonjour Amour Swimwear's roster of A-list, plus size talent is Sports Illustrated supermodel Anita Marshall.
Plus size and all size inclusively is important to the Bonjour Amour Swimwear label. Bonjour Amour carries sizes 2-22. All of their 100+ styles go up to size 22, there is not one style on the site that does not fit up to size 22. However, Bonjour Amour Swimwear has a curated section for sizes 16-22.
Bonjour Amour believes that all sizes should be luxury and fashion forward no matter the size. Bonjour Amour Swimwear has metallic plus size swimwear, leopard plus size swimwear, black plus size swimwear, rose print and palm print plus size swimwear.
Bonjour Amour Swimwear is all year round store with free USA shipping. For more information visit www.bonjouramour.com
For press inquries please email: marketing@bonjouramour.com
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SOURCE Bonjour Amour Swimwear | https://www.whsv.com/prnewswire/2022/08/18/bonjour-amour-swimwear-all-year-round-plus-size-swimwear-store/ | 2022-08-18T12:35:06Z |
Mayor Mike and his public health edicts are having a rough ride.
On Monday, a state judge in Manhattan struck down New York City Mayor Michael Bloomberg's rule capping soda sizes. And lawmakers in Mississippi are taking the backlash against government regulation on food marketing one step further.
A bill now on the governor's desk would bar counties and towns from enacting rules that require calorie counts to be posted, that cap portion sizes, or that keep toys out of kids' meals. "The Anti-Bloomberg Bill" garnered wide bipartisan support in both chambers of the legislature in a state where one in three adults is obese, the highest rate in the nation.
The bill is expected to be signed by Gov. Phil Bryant, a Republican. It was the subject of intense lobbying by groups including the restaurant association, the small business and beverage group, and the chicken farmers' lobby.
Mike Cashion, executive director the Mississippi Hospitality and Restaurant Association, says the bill is a direct reaction to Bloomberg-style government intervention in public health.
"If you look at how menus have changed, whether it be in fast food or family dining, you are seeing more and more healthy options," Cashion says. "Not because of legislative mandates or regulatory mandates, but because of consumer demand. Our industry has always been one to respond to the marketplace."
Rep. Gregory Holloway, a Democrat, ushered the popular bill through the state House. He says the goal is to create consistency in nutrition laws across the state. "We don't want local municipalities experimenting with labeling of foods and any organic agenda. We want that authority to rest with the legislature," Holloway says.
But the measure does have detractors in Mississippi: local politicians who say it steps on an ideal Mississippians hold dear — the ability to govern themselves.
Chip Johnson, mayor of Hernando, Miss., near the Tennessee border, is no fan of a soda ban, but he doesn't like the anti-Bloomberg bill, either.
Hernando has built biking and walking paths all over town, and has received national attention for the work. Johnson bristles at the legislature's efforts to dictate what he can do in pursuit of a healthier community, including restricting the ability to put nutritional information on menus.
"You know what? If little Alligator, Miss., wanted to do that, that's up to the people that live there. It is not up to the state to tell the people at the local level what to do," Johnson says. "They're just using this to mask what the bill is really about, which is about taking away home rule."
Johnson says he resents that the measure even puts some restrictions on a town's ability to zone where a restaurant can go.
Still, the bill passed the state Senate, 50-1, and the state House, 92-26.
This piece is part of a partnership of NPR, Mississippi Public Broadcasting, and Kaiser Health News.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2013-03-12/soda-wars-backlash-mississippi-passes-anti-bloomberg-bill | 2022-08-18T12:35:12Z |
Competition is easing as inventory accumulates, leading the market back toward 'normal'
- U.S. home values fell 0.1% from June to July, the first decline in the raw Zillow Home Value Index since 2012. Home values fell last month in 30 of the 50 largest metro areas, but are still up 16% from a year ago.
- Rising inventory is being driven by homes lingering on the market and new listings trailing pre-pandemic levels. It took 10 days for a listing to go pending in July, two days longer than in June.
- Rent appreciation is slowing, but the growth rate remains much higher than pre-pandemic levels.
SEATTLE, Aug. 18, 2022 /PRNewswire/ -- After two years of unprecedented growth, home values fell slightly from June to July, according to the latest market report1 from Zillow®. The market is quickly rebalancing. With buyers' purchasing power diminished by nearly two years of double-digit price growth and higher mortgage rates, competition for homes is dropping off.
The typical U.S. home value declined by 0.1% ($366) month over month in July and now stands at $357,107, as measured by the raw2 Zillow Home Value Index (ZHVI). Monthly growth in this metric has relaxed since reaching a recent peak of 1.9% in April, slowing to 1.2% growth in May and 0.8% growth in June. It's not unusual for home price growth to decelerate this time of year, but the small decline is the first monthly dip since 2012. The nation's typical home value is up 16% year over year and 44.5% since July 2019.
"Home values flattening so quickly after recent record growth might surprise, but it's a badly needed rebalancing that gives home buyers more options, more time to shop and more negotiating power," said Zillow chief economist Skylar Olsen. "This slowdown is about discouraged buyers pulling back after the affordability shock from higher rates. As prices soften, many will renew their interest, and we will continue our progress back to 'normal.' With buyers ready in the wings once confidence returns, homeowners can expect to keep the majority of the equity gains they've seen in the last two years."
Home values measured by raw ZHVI fell from June to July in 30 of the 50 largest metro areas, an increase from 13 the previous month. The largest monthly home value declines were in San Jose (-4.5%) and San Francisco (-2.8%) — the nation's most expensive major markets — followed by Phoenix (-2.8%) and Austin (-2.7%), which saw the most extreme growth over the pandemic. Values rose the most since June in Miami (1.5%), Richmond (1%) and Memphis (0.9%), although monthly growth has decelerated in these markets.
Home shoppers still on the hunt have more time to find and consider their options, and have a better chance of seeing price cuts. Listings' median days to pending jumped by two days in July to 10 — still nearly two weeks less than in July 2019. Among major metros, typical time on market is rising fastest in Austin, Phoenix and San Jose. A wide swath of sellers are adjusting pricing to meet buyers' expectations, as the share of listings with a price cut grew to 18.6% in July, a few percentage points higher than in July 2019.
Homes lingering on the market are driving for-sale inventory up at a fast clip. Inventory is up 5.1% on a monthly basis, yet new inventory fell 13.6% month over month in July. Compared to July 2019, 15.5% fewer new listings came on the market. This new inventory figure does not include new construction, so it represents current homeowners deciding not to list their homes.
While total inventory is rising quickly, it still stands 43.5% below July 2019. Low inventory is a key reason Zillow economists do not expect home prices to fall significantly.
"Inventory, the pool of homes available during a given window, is very responsive to easing demand and slowing sales, this year posting the largest month-over-month seasonal increases for any May, June or July ever recorded," said Olsen. "The flow of homes into the market, however, is slowing. High interest rates are likely keeping current homeowners from deciding to list, as they compare their current rate — and home — against what can be found on the market, keeping inventory far below pre-pandemic norms despite the slowdown in sales."
Typical monthly rent in the U.S. is now $2,031. After a rapid run-up that peaked in February, rent hikes appear to be stabilizing, easing to 0.6% month-over-month growth in July after seeing higher volatility through much of 2021. Although growth is decelerating, the annual growth rate is still more than three times that of July 2019.
Among major metros, the most significant slowdowns in monthly rent growth since July of last year occurred in Las Vegas (from 3.6% to -0.2%), Phoenix (3.5% to -0.3%), Tampa (3.9% to 0.3%), and Austin (3.8% to 0.7%).
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter. As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and ease.
Zillow Group's affiliates and subsidiaries include Zillow®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Trulia®, Out East®, ShowingTime®, Bridge Interactive®, dotloop®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).
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RENEE MONTAGNE, HOST:
Awaiting the white smoke from the Sistine Chapel are many of the 75 million Catholics in the U.S., and the question comes up, what do American Catholics want to see in the next pope? The Pew Forum on Religion and Public Life explored that question in recent surveys. Here with the findings is Pew senior researcher Greg Smith. Good morning.
GREG SMITH: Good morning.
MONTAGNE: Now, a new pope, of course, is all about a certain amount of change at the top. Let's start with talking about what Catholics in this country want to see in the way of change with this new pope.
SMITH: Well, it's very interesting. When you ask Catholics about their hopes and aspirations for the next pope, we certainly see a desire and an openness to change in certain ways. But it's accompanied by an appreciation for the church's traditions at the same time. Most Catholics tell us, for example, that it would be good if the next pope allows priests to get married. And six in 10 Catholics tell us it would be good if the next pope comes from the developing world - from Africa or Asia or Latin America. But at the same time, when we ask Catholics directly, do you think the next pope should move the church in new directions or maintain the church's traditional positions, Catholics are about evenly divided.
MONTAGNE: Well, it's not likely that the next pope will make changes on some very key issues in the church, like contraception and its view of homosexuality, but does that not mean a big split will remain between the views of the church and the views of many lay Catholics in this country?
SMITH: Well, we certainly do see a divide between the expressed opinions of Catholics in the United States and the official positions of the hierarchy. For example, when it comes to contraception, three-quarters of Catholics tell us that using birth control is either morally acceptable or not a moral issue. Just 15 percent of Catholics say that using birth control is morally problematic. See the same kind of thing when it comes to issues related to homosexuality. Catholics in the United States increasingly tell us, for example, that they think it's OK to allow gay and lesbian couples to get married, obviously something that runs counter to the official positions of the church.
MONTAGNE: Does that mean, though, that American Catholics have gotten comfortable with having positions that differ quite dramatically from church teachings on some very - what you might call private in-the-home issues?
SMITH: Well, I think that's certainly the case. And I should point out that on many of these issues we do see differences between the most religiously observant Catholics - those who say they attend Mass at least once a week, and those who attend Mass less often. Regular Mass-attending Catholics tend to be more in line with the positions of the church. But even among those Catholics who tell us they attend Mass regularly, there are considerable numbers who disagree with the church's positions on a variety of issues.
MONTAGNE: How heavily do the sex abuse scandals weigh on the minds of American Catholics as this process gets under way?
SMITH: Well, you know, the sex abuse scandal and the church's handling of the scandal is a real concern for many American Catholics. When we asked Catholics just to tell us in their own words what they think the most important problem facing the Catholic Church today is, the most common response we get relates to the scandal. About one-third of Catholics say that the scandal and the church's response to it is the most important problem facing the church today. And when we ask those Catholics who tell us they want the next pope to head in new directions what they mean by that, there again, a more strict response, a more concerted, a better handling of the sex scandal is one of the things that people mention. So this is a real concern for American Catholics.
MONTAGNE: Greg Smith is a senior researcher with the Pew Forum on Religion and Public Life. Thank you very much for joining us.
SMITH: Thank you for having me. Transcript provided by NPR, Copyright NPR. | https://www.keranews.org/2013-03-12/what-american-catholics-want-from-the-next-pontiff | 2022-08-18T12:35:19Z |
CHARLOTTE, N.C., Aug. 18, 2022 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported a net loss of $2.3 million or ($0.11) per diluted share for the second quarter ended July 30, 2022, compared to net income of $14.0 million or $0.62 per diluted share for the second quarter ended July 31, 2021.
Sales for the second quarter ended July 30, 2022 were $195.0 million, or a decrease of 5% from sales of $206.0 million for the second quarter ended July 31, 2021. The Company's same-store sales for the quarter decreased 5% compared to 2021.
For the six months ended July 30, 2022, the Company reported net income of $7.4 million or $0.35 per diluted share, compared to net income of $34.7 million or $1.54 per diluted share for the six months ended July 31, 2021. Sales for the six months ended July 30, 2022 were $399.9 million, a decrease of 4% to sales of $417.2 million for the six months ended July 31, 2021. Year-to-date same-store sales decreased 4% to 2021.
"Our sales were negatively impacted during the first half of the year by the increasing pressure of inflation on consumers' ability to spend on discretionary items such as fashion apparel, resulting in significant markdowns to clear inventory," stated John Cato, Chairman, President, and Chief Executive Officer. "We have taken steps to right size our inventory by the end of the fourth quarter, including increased markdowns and reducing future order volumes. However, we believe the back half of the year will be challenging as a result of the increasing inflationary environment,effects of the tight labor market and continued late merchandise shipments due to supply chain disruption."
Gross margin decreased from 43.9% to 32.4% of sales in the quarter due to lower merchandise margins and increased freight expense. SG&A expenses as a percent of sales decreased from 34.5% to 31.2% of sales during the quarter primarily due to reduced incentive compensation expense, partially offset by increased payroll expense, reflecting more normalized operations, coupled with wage inflation. Tax expense for the quarter was $5.7 million versus $4.6 million in the prior year, reflecting a true-up of the projected year-end tax rate, resulting in a quarterly rate of 166.5%, which generated the net loss for the period.
Year-to-date gross margin decreased to 34.0% of sales from 42.6% the prior year primarily due to decreased merchandise margins and increased freight expense. The year-to-date SG&A rate was 30.3% versus 32.2% primarily due to lower incentive compensation expense, partially offset by increased payroll expense, which is a reflection of normalized operations and higher wages. Income tax expense for the first half was $7.6 million, flat to last year.
During the second quarter ended July 30, 2022, the Company opened 4 stores, relocated 2 stores and closed 7 stores. As of July 30, 2022, the Company has 1,312 stores in 32 states, compared to 1,325 stores in 32 states as of July 31, 2021.
The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, "Cato," "Versona" and "It's Fashion." The Company's Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day. The Company also offers exclusive merchandise found in its Cato stores at www.catofashions.com. Versona is a unique fashion destination offering apparel and accessories including jewelry, handbags and shoes at exceptional prices every day. Select Versona merchandise can also be found at www.shopversona.com. It's Fashion offers fashion with a focus on the latest trendy styles for the entire family at low prices every day.
Statements in this press release that express a belief, expectation or intention, as well as those that are not a historical fact, including, without limitation, statements regarding the Company's expected or estimated operational financial results, activities or opportunities, and potential impacts and effects of the coronavirus are considered "forward-looking" within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations that are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated by the forward-looking statements. Such factors include, but are not limited to, any actual or perceived deterioration in the conditions that drive consumer confidence and spending, including, but not limited to, prevailing social, economic, political and public health conditions and uncertainties, levels of unemployment, fuel, energy and food costs, wage rates, tax rates, interest rates, home values, consumer net worth and the availability of credit; changes in laws or regulations affecting our business including but not limited to tariffs; uncertainties regarding the impact of any governmental action regarding, or responses to, the foregoing conditions; competitive factors and pricing pressures; our ability to predict and respond to rapidly changing fashion trends and consumer demands; our ability to successfully implement our new store development strategy to increase new store openings and the ability of any such new stores to grow and perform as expected; adverse weather, public health threats (including the global coronavirus (COVID-19) outbreak) or similar conditions that may affect our sales or operations; inventory risks due to shifts in market demand, including the ability to liquidate excess inventory at anticipated margins; and other factors discussed under "Risk Factors" in Part I, Item 1A of the Company's most recently filed annual report on Form 10-K and in other reports the Company files with or furnishes to the SEC from time to time. The Company does not undertake to publicly update or revise the forward-looking statements even if experience or future changes make it clear that the projected results expressed or implied therein will not be realized. The Company is not responsible for any changes made to this press release by wire or Internet services
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Deadline for voting by proxy is 4:00 pm Israel time on August 22, 2022
ROSH HA'AIN, Israel, Aug. 18, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or the "Company"), a global innovator and leading solutions provider of 5G wireless transport, today issued the following statement as a reminder to shareholders regarding the importance of their vote at the Company's Extraordinary General Meeting (the "EGM") scheduled to be held next week, on August 23, 2022. Ceragon also reminds shareholders to make sure to vote in sufficient time for their proxies to be received, no later than 4:00 pm Israel time on August 22, 2022.
Ceragon's EGM is fast approaching and it is important that all shareholders vote as soon as possible "AGAINST" all proposals on the WHITE proxy card. Your vote is important because our competitor, Aviat Networks, Inc. ("Aviat"), is seeking to take control of Ceragon's Board with its own hand-picked director nominees to force an expedited sale to Aviat at a low-ball price that lacks sufficient evidence of financing and deal certainty. In recommending AGAINST Aviat's nominees, Institutional Shareholder Services (ISS) confirmed that "[Aviat's] offer lacks the certainty seen in typical M&A proxy contests." Moreover, many of our shareholders, including our largest shareholder, have expressed support for our Board and believe that Aviat's indication of interest significantly undervalues Ceragon.
Aviat's indication of interest and hostile campaign are an attempt to deprive Ceragon shareholders from the upside in the business. Our Board and management team are executing a clearly defined strategy to deliver significant revenue growth, margin expansion and shareholder value creation. Earlier this month, we announced strong second quarter financial and operational metrics that demonstrate continued momentum:
- #1 global provider of best-of-breed solutions, now with 25% global market share
- $179 million of bookings in 1H'22 driven by the continued rollout of 5G across the globe
- $39 million of bookings in North America (Aviat's backyard) in 1H'22, now Ceragon's largest market at 26% of total bookings in 2Q'22 (tied with India)
- 30.3% gross margin in 2Q'22, reflecting a 280 basis point increase versus 1Q'22
Ceragon's Board is singularly focused on the best interests of the Company and on maximizing value for Ceragon's shareholders. Our Board is comprised of leaders with substantial telecom and public company board experience and track records of shareholder value creation, including via M&A. In addition, our Board continues to refresh itself, including the addition of three new independent directors at last year's AGM, and we continue to work on refreshing our Board with input from our shareholders.
Our Board has been open to exploring a potential transaction with Aviat, having met with its representatives many times since 2017. We remain willing to consider a potential combination with Aviat or any counterparty, but only if such combination delivers full, fair and certain value to Ceragon shareholders. We will not, however, sell the Company at an inadequate price or enter into a sale transaction that has a high degree of uncertainty.
We urge Ceragon's shareholders to protect their investment by voting "AGAINST" all proposals on the WHITE proxy card to prevent Aviat's attempt to take control of the Board. Aviat's gold proxy card has no legal basis, and as such shareholders should ignore any proxy materials sent by Aviat.
If you have any questions or require any assistance with voting your shares, please contact the Company's proxy solicitor, Morrow Sodali LLC at 800-662-5200 (toll-free in North America) or +1 203- 658-9400 or email at CRNT@info.morrowsodali.com.
Evercore is serving as financial advisor and Shibolet & Co. and Latham & Watkins LLP are serving as legal advisors to Ceragon.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and leading solutions provider of 5G wireless transport. We help operators and other service providers worldwide increase operational efficiency and enhance end customers' quality of experience with innovative wireless backhaul and fronthaul solutions. Our customers include service providers, public safety organizations, government agencies and utility companies, which use our solutions to deliver 5G & 4G broadband wireless connectivity, mission-critical multimedia services, stabilized communications, and other applications at high reliability and speed.
Ceragon's unique multicore technology and disaggregated approach to wireless transport provides highly reliable, fast to deploy, high-capacity wireless transport for 5G and 4G networks with minimal use of spectrum, power, real estate, and labor resources. It enables increased productivity, as well as simple and quick network modernization, positioning Ceragon as a leading solutions provider for the 5G era. We deliver a complete portfolio of turnkey end-to-end AI-based managed and professional services that ensure efficient network rollout and optimization to achieve the highest value for our customers. Our solutions are deployed by more than 400 service providers, as well as more than 800 private network owners, in more than 150 countries. For more information please visit: www.ceragon.com
Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON ® is a trademark of Ceragon Networks Ltd., registered in various countries. Other names mentioned are owned by their respective holders.
This document contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability, growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.
Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations therefrom will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, any ongoing actions taken and future actions that may be taken by Aviat Networks Inc. or other stockholders or others; the continuing impact of the components shortage due to the global shortage in semiconductors, chipsets, components and other commodities, on our supply chain, manufacturing capacity and ability to timely deliver our products, which have caused, and could continue to cause delays in deliveries of our products and in the deployment of projects by our customers, risk of penalties and orders cancellation created thereby, as well as profit erosion due to constant price increase, payment of expedite fees and costs of inventory pre-ordering and procurement acceleration of such inventory, and the risk of becoming a deadstock if not consumed; the continued effect of the global increase in shipping costs and decrease in shipping slots availability on us, our supply chain and customers, which have resulted, and may continue to result in, price erosion, late deliveries and the risk of penalties and orders cancellation due to late deliveries; the impact of the transition to 5G technologies on our revenues if such transition is developed differently than we anticipated; the risks relating to the concentration of a major portion of our business on large mobile operators around the world from which we derive a significant portion of our ordering, that due to their relative effect on the overall ordering coupled with inconsistent ordering pattern and volume of business directed to us, creates high volatility with respect to our financial results and results of operations; the effect of the competition from other wireless transport equipment providers and from other communication solutions that compete with our high-capacity point-to-point wireless products; the continued effect of the COVID-19 pandemic on the global economy and markets and on us and on the markets in which we operate and our and our customers, providers, business partners and contractors business and operations; the risks relating to increased breaches of network or information technology security along with increase in cyber-attack activities, growing cyber-crime threats, and changes in privacy and data protection laws, that could have an adverse effect on our business; risks associated with any failure to meet our product development timetable, including delay in the commercialization of our new chipset; imposition of additional sanctions and global trade limitations in connection with Russia's invasion to Ukraine, the effects of general economic conditions and trends on the global and local markets in which we operate and such other risks, uncertainties and other factors that could affect our results, as further detailed in Ceragon's most recent Annual Report on Form 20-F and in Ceragon's other filings with the Securities and Exchange Commission.
Such forward-looking statements, including the risks, uncertainties and other factors that could affect our results, represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. Such forward-looking statements do not purport to be predictions of future events or results and there can be no assurance that it will prove to be accurate. Ceragon may elect to update these forward-looking statements at some point in the future but the company specifically disclaims any obligation to do so except as may be required by law.
Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.
Ceragon has filed a definitive proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the "SEC") in connection with its solicitation of proxies for the 2022 Extraordinary General Meeting of Ceragon Shareholders (the "2022 Extraordinary General Meeting"). CERAGON SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by Ceragon with the SEC without charge from the SEC's website at www.sec.gov.
Ceragon Investor & Media Contact:
Maya Lustig
Ceragon Networks
Tel. +972-54-677-8100
mayal@ceragon.com
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SOURCE Ceragon Networks Ltd. | https://www.whsv.com/prnewswire/2022/08/18/ceragon-urges-shareholders-vote-against-aviats-attempt-take-control-board-white-proxy-card-today/ | 2022-08-18T12:35:26Z |
PHILADELPHIA, Aug. 18, 2022 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate investment trust, today announced exciting additions to its flagship, Cherry Hill Mall, as the mall owner continues to drive the quality of the tenant base, building off of strong sales, traffic and new retailer introductions.
Joining recently-opened Warby Parker and Marc Cain, PREIT is pleased to share that first-to-portfolio leases have been executed with popular fashion brands – Psycho Bunny and Levi's for Cherry Hill Mall.
Psycho Bunny, expected to open in mid-2023, is the brainchild of British fashion designer Robert Godley and American clothier Robert Goldman, both veterans in the menswear industry. The classic men's apparel brand prides itself on doing everything better than it's been done before and its logo.
Levi's, expected to open this holiday season, will be the only full price store in the South Jersey market. As one of the world's largest apparel companies and a global leader in jeans, the brand has over 500 stores worldwide and products are available in more than 100 countries.
The mall is also set to welcome one of two Rumi Life stores in the market. The mission of Rumi Life is to fill and satisfy all of life's desires, wants and needs at an affordable price and, and to also provide these simple sparks of joy to life everyday through all of the happy things their store has to offer.
Eddie V's , a prime quality seafood restaurant, offering a fine dining experience, is expected to open its first South Jersey location and second in the state at the property in spring 2023. This high-quality offering adds to an already dynamic full-service dining lineup comprised of The Capital Grille, Seasons 52, Maggiano's Little Italy and Bahama Breeze.
The caliber and diversity of this tenancy authenticates Cherry Hill Mall as the premier shopping and dining destination in Philadelphia's eastern suburbs. Even at an impressive 96.2% occupancy as of June 30, 2022, PREIT continues to generate interest from new retailers looking to expand in the market at a top-tier location. A key barometer of underlying value in brick and mortar retail, sales per square foot, stands strong at $929.
"Cherry Hill Mall continues to attract leading retailers driving it to the next level of super-regional, fashion destinations," said Joseph F. Coradino, CEO of PREIT. "Serving the densely-populated Philadelphia suburbs, our premier tenant mix puts it squarely in the nation's top-tier malls. These highly sought-after brands attract new customers and retail and dining establishments that serve as a catalyst for value creation."
About PREIT
PREIT (NYSE: PEI) is a publicly traded real estate investment trust that owns and manages innovative properties developed to be thoughtful, community-centric hubs. PREIT's robust portfolio of carefully curated, ever-evolving properties generates success for its tenants and meaningful impact for the communities it serves by keenly focusing on five core areas of established and emerging opportunity: multi-family & hotel, health & tech, retail, essentials & grocery and experiential. Located primarily in densely-populated regions, PREIT is a top operator of high quality, purposeful places that serve as one-stop destinations for customers to shop, dine, play and stay. Additional information is available at www.preit.com or on Twitter, Instagram or LinkedIn.
Forward Looking Statements
This press release contains certain forward-looking statements that can be identified by the use of words such as "anticipate," "believe," "estimate," "expect," "project," "intend," "may" or similar expressions. Forward-looking statements relate to expectations, beliefs, projections, future plans, strategies, anticipated events, trends and other matters that are not historical facts. These forward-looking statements reflect our current expectations and assumptions regarding our business, the economy and other future events and conditions and are based on currently available financial, economic and competitive data and our current business plans. Actual results could vary materially depending on risks, uncertainties and changes in circumstances that may affect our operations, markets, services, prices and other factors as discussed in the Risk Factors section of our other filings with the Securities and Exchange Commission. While we believe our assumptions are reasonable, we caution you against relying on any forward-looking statements as it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the effectiveness of strategies we may employ to address our liquidity and capital resources in the future, our ability to achieve our forecasted revenue and pro forma leverage ratio and generate free cash flow to further reduce our indebtedness; our ability to manage our business through the impacts of the COVID-19 pandemic, a weakening of global economic and financial conditions, changes in governmental regulations and related compliance and litigation costs and the other factors listed in our SEC filings. Additionally, our business might be materially and adversely affected by changes in the retail and real estate industries, including bankruptcies, consolidation and store closings, particularly among anchor tenants; current economic conditions, including consumer confidence and spending levels and supply chain challenges and the impact of the COVID-19 pandemic and the public health and governmental response as well as the corresponding effects on tenant business performance, prospects, solvency and leasing decisions; our inability to collect rent due to the bankruptcy or insolvency of tenants or otherwise; our ability to maintain and increase property occupancy, sales and rental rates; increases in operating costs that cannot be passed on to tenants; the effects of online shopping and other uses of technology on our retail tenants; risks related to our development and redevelopment activities, including delays, cost overruns and our inability to reach projected occupancy or rental rates; social unrest and acts of vandalism and violence at malls, including our properties, or at other similar spaces, and the potential effect on traffic and sales; the frequency, severity and impact of extreme weather events at or near our properties; our ability to sell properties that we seek to dispose of or our ability to obtain prices we seek; our substantial debt and the liquidation preference of our preferred shares and our high leverage ratio and our ability to remain in compliance with our financial covenants under our debt facilities; our ability to refinance our existing indebtedness when it matures, on favorable terms or at all; our ability to raise capital, including through sales of properties or interests in properties and through the issuance of equity or equity-related securities if market conditions are favorable; and potential dilution from any capital raising transactions or other equity issuances.
Additional factors that might cause future events, achievements or results to differ materially from those expressed or implied by our forward-looking statements include those discussed herein, and in the sections entitled "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021. We do not intend to update or revise any forward-looking statements to reflect new information, future events or otherwise.
Contact:
Heather Crowell
heather@gregoryfca.com
preit@gregoryfca.com
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SOURCE PREIT | https://www.whsv.com/prnewswire/2022/08/18/cherry-hill-mall-continues-attract-new-to-market-trailblazing-tenants/ | 2022-08-18T12:35:33Z |
BLOOMFIELD, Conn., Aug. 18, 2022 /PRNewswire/ -- The Cigna Foundation today announced more than $3 million in grants to local nonprofits to help address childhood hunger and mental health concerns as schools return to session. Innovative programs spanning communities in 16 states will receive critical financial support enabling them to positively impact thousands of children across the country.
"Schools and teachers play a critical role in helping their students navigate immense challenges – both inside and outside the classroom. We believe we also have a role to play, and are deepening our partnerships with leading local nonprofits that are essential to healthier, happier children, families, and communities," said Susan Stith, president, Cigna Foundation.
Grant recipients are addressing some of the toughest challenges facing school-aged children and their families, including the rise in mental health issues and food insecurity – both of which worsened due to the pandemic. Research from Economist Impact, commissioned by Cigna Corporation, found that approximately 80% of working parents surveyed reported some form of impact on the mental health of their teenage children as a result of the pandemic, including new or increased levels of anxiety, depression, behavioral issues, and problems with social interactions.
More than 12 million children in the United States are food insecure and do not have consistent access to healthy food. According to Feeding America, the pandemic exacerbated food insecurity, particularly for families with children and communities of color.
Some of the programs that the Cigna Foundation is partnering with this year are:
Weekend Feeding Backpack Program – Using smartphone technology to help reduce stigma and food waste, this program through the Brashear Association, allows families at Pittsburgh Arlington and Pittsburgh Grandview schools to select culturally diverse food options as well as receive text messages with healthy meal recipes and nutrition tips.
Outdoor G.I.R.L.S. – Operated through Women's Wilderness Institute in Boulder, Colorado, this program leverages the transformative power of the outdoors and physical activity, in conjunction with trauma-informed practices and clinical support, to improve mental health outcomes for adolescent girls who identify as immigrants and refugees. Outdoor G.I.R.L.S. (Girl Immigrant and Refugee Leadership Series) looks to address the social, cultural, geographical, and economic barriers to participation in outdoor and physical activities that immigrant and refugee girls face.
Kid's Cafe – A healthy school pantry located at Northaven Elementary School in Memphis, Tennessee, and operated by the Mid-South Food Bank provides students in need and their families with a monthly box of nutritious food that is easily accessible, providing the equivalent of 42 meals per month. The cafe also provides hot meals to take home every other Friday. Additional programs include Family Night where families will have access to fresh produce and other items, such as laundry detergent, tissues, and paper towels, as well as Food for Kids Backpack Program that includes food for the weekend and extended school breaks.
Amped Ecosystem – The Humanities Amped Ecosystem at Broadmoor High School in Baton Rouge, Louisiana, links social emotional learning with opportunities for youth to use their voices through healing-centered and culturally responsive practices including restorative practices, mind-body medicine, arts integration, project-based learning, and peer-led engagement. Before and after school programs, such as arts and civics engagement and peer-to-peer activities, are also part of this initiative.
All grants are made available through Cigna Foundation's Healthier Kids For Our Future® program, a five-year, $25 million global initiative focused on improving the health and well-being of children. Since its inception in 2019, the program has awarded more than $18 million in grants.
Cigna Foundation, established in 1962, is a private foundation funded by contributions from Cigna Corporation (NYSE:CI) and its subsidiaries. Cigna Foundation supports organizations sharing its commitment to enhancing the health of individuals and families, and the well-being of their communities, with a special focus on those communities where Cigna employees live and work.
In 2021, Cigna Foundation awarded nearly $16 million in grants to support nonprofits that share our commitment to enhancing health and well-being.
Media Contact
Meaghan MacDonald
1 (860) 910-8194
meaghan.macdonald@cigna.com
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SOURCE Cigna Foundation | https://www.whsv.com/prnewswire/2022/08/18/cigna-foundation-commits-3-million-help-local-nonprofits-address-childhood-hunger-mental-health-this-school-year/ | 2022-08-18T12:35:39Z |
Districts across the state can now use data from the i-Ready Assessment for Mathematics and Reading to help identify students eligible for gifted education programs
NORTH BILLERICA, Mass., Aug. 18, 2022 /PRNewswire/ -- The Georgia Department of Education (GaDOE) has added Curriculum Associates' i-Ready Assessment for Grades K–12 to its approved list of Gifted Education Assessment Measures to identify students' eligibility for gifted education programs in the achievement domain. With this approval, districts throughout the state can now use their existing reading and mathematics data from the i-Ready Assessment as a source of evidence to support a referral for gifted education programs. The i-Ready normative scores can be used to determine if students meet the criteria in the achievement category of the evaluation and eligibility process, eliminating the need for a separate achievement assessment.
"The i-Ready Assessment data is powerful in helping teachers identify students' strengths and needs so they can provide more personalized instruction," said Rob Waldron, CEO of Curriculum Associates. "The Georgia Department of Education's approval of i-Ready to support gifted identification will help districts throughout the state save valuable time and resources by eliminating the need for another achievement assessment. A more efficient screening process will also help schools connect students more quickly with services that help them reach their full potential."
The GaDOE gifted education screening process requires information be gathered about a student in four categories: mental ability, achievement, creativity, and motivation. In order to be eligible to receive gifted programming, students must qualify in three of the four categories, or they must have a qualifying score in both the mental ability and achievement categories. i-Ready data is used in the achievement category.
Today, the award-winning i-Ready program serves more than 40 percent (i.e., 485,000) of students in Grades K–8 across almost 100 districts in Georgia.
i-Ready makes the promise of differentiated instruction a practical reality for Grades K–12 teachers and students. It combines powerful assessments and rich insights with effective and engaging instruction in reading and mathematics to address students' individual needs.
The program's assessment provides educators with actionable criterion-referenced and normative data to deliver impactful, equitable learning experiences. Teachers administer the assessment at the beginning of the school year to chart a course for their instruction and to personalize i-Ready instructional paths. Midyear and end-of-year assessments help students and teachers measure growth and engage together in data chats. Teacher-led and personalized instruction continues throughout the year to help students address unfinished learning and access grade-level content.
All i-Ready district partners have ongoing access to Curriculum Associates' award-winning customer service. This includes dedicated support via the company's Customer Service team, professional development experts, account managers, sales representatives, and Technical Support team, as well as access to the free customer service portal.
To learn more about i-Ready, visit CurriculumAssociates.com/i-Ready.
Founded in 1969, Curriculum Associates, LLC designs research-based print and online instructional materials, screens and assessments, and data management tools. The company's products and outstanding customer service provide teachers and administrators with the resources necessary for teaching diverse student populations and fostering learning for all students.
Contact: Kati Elliott Charlotte Fixler
KEH Communications Curriculum Associates
(410) 975-9638 (978) 901-6066
Kati@kehcomm.com CFixler@cainc.com
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SOURCE Curriculum Associates, LLC | https://www.whsv.com/prnewswire/2022/08/18/curriculum-associates-i-ready-assessment-named-georgia-department-education-approved-list-gifted-identification-screeners/ | 2022-08-18T12:35:48Z |
CALGARY, AB, Aug. 18, 2022 /PRNewswire/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSX-V: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce its second quarter financial results for the three and six month periods ending June 30, 2022.
"Our second quarter results continue to demonstrate that Decibel is on the path we projected in our 2022 operational outlook", said Paul Wilson, Chief Executive Officer of Decibel. "Our New Unique and Innovative product development and revenue generating initiatives have once again produced quarter-over-quarter record performance. This progress has been compounded by our productivity initiatives and record gross profit, now resulting in positive cash flow, putting us on track for another projected milestone."
"With more highlights scheduled for the back half of 2022, Decibel is delivering exactly what we've planned and forecasted to the market, ourselves, and our shareholders."
- Record Net Revenue: $18.6 million of total net revenue in Q2, with strong sequential growth of 11% over Q1 2022 and 49% over Q2 2021. Net revenue growth was driven by expanded distribution particularly in the Ontario market, the continued launch of new General Admission and Qwest infused products in various provinces and continued growth in demand for derivative products. During the second quarter, net revenue would have been $18.9 million, however $320 of discounts were provided related to discontinued products.
- Record Gross Margin Before Fair Value Adjustments: Significant sequential improvement to 41% in Q2, compared to 35% in Q1 2022 and 41% in Q2 2021. The increase was driven by initiatives realized midway through the second quarter, including operational efficiencies, automation equipment commissioned, and sourcing of more cost-effective components related to the manufacturing of cannabis products. The cost engineering initiatives and capital investments impacted the later part of the second quarter, with additional equipment landed early August expected to drive continued sequential margin expansion. The Company achieved its previously stated target of 40 – 45% gross margin ahead of the second half of 2022.
- Record Adjusted EBITDA: Record $3.2 million of adjusted EBITDA in Q2, with strong growth of 31% over Q1 2022 and 49% over Q2 2021. This marks Decibel's eighth quarter of consecutive quarterly positive adjusted EBITDA.
- Derivative Sales: $13.0 million of net sales in Q2, with strong sequential growth of 25% over Q1 2022 and 128% over Q2 2021. The increase in sale of wholesale extracts is primarily attributable to expanded distribution, the launch of a new infused product line, and continued growth in demand for vapes and concentrates. This demand growth trend is continuing into Q3 2022 with record level demand and distribution for Decibel derivative products.
- Flower Sales: $3.4 million of net sales in Q2, a sequential decline of 19% over Q1 2022 and 10% over Q2 2021. During the period, sale of flower products was driven by reduced volumes during planned infrastructure optimization at the Thunderchild Facility.
- Record National Market Share3: Achieved 4.5% market share in July 2022, growth of 70% year over year.
- Cash Flow from Operations: $1.8 million of cash flow from operations in Q2, a sequential decrease of $1.2 million over Q1 2022 and an improvement of $4.8 million over Q2 2021. This marks Decibel's second consecutive quarter of positive cash flow from operations.
- Repayment Convertible Debentures: On May 11, 2022, the Company repaid its 9.5% convertible debentures with the draw-down of a fixed 4.75% $12 million term loan. This extends the maturity date of $12 million of debt by 4 years, avoids approximately 6% of potential shareholder dilution, and results in $0.6 million of annual interest expense savings.
New Unique and Innovative
The Company launched or expanded distribution of the following products in the quarter:
- Total of 26 products launched in various provinces over the course of Q2 2022
- 6 General Admission flower and pre-roll products
- 6 General Admission vape flavours in distillate and live resin formats
- 9 General Admission and Qwest infused pre-rolls
- 5 Qwest flower and pre-roll products
Capital Projects
The Company made the following progress on its operational initiatives:
- The Plant: Received its Health Canada license May 2, 2022 for Phase 1 of its processing hub expansion. In August 2022, the majority of the automation and other critical equipment was received, which is expected to drive further margin enhancement on Decibel products in the second half of 2022.
- Thunderchild: Completed its staged infrastructure optimization to better meet growing demand for Decibel products and enhance product quality and yields. Production volumes are expected to resume full run-rate production by the first half of 2023.
Decibel's financial statements for the three and six month periods ending June 30, 2022 ("Financial Statements") and related Management's Discussion & Analysis ("MD&A"), are available under the Company's profile at www.sedar.com. As of June 30, 2022, Decibel was in compliance with all of its financial covenants and expects to remain in compliance for the remainder of its twelve-month forecast period.
Decibel is uncompromising in the process and craftsmanship needed to deliver the highest quality cannabis products and retail experiences. Decibel has three operating production houses along with its wholly owned retail business, Prairie Records. The Qwest Estate in Creston, BC is a licensed and operating 26,000 square foot cultivation space which produces the widely championed, rare cultivar-focused brands Qwest and Qwest Reserve, which are sold in six provinces across Canada. Thunderchild Cultivation, is a licensed and operating 80,000 square foot indoor cultivation facility in Battleford, SK. The Plant, Decibel's extraction facility, in Calgary, AB has 15,000 square feet of Health Canada licensed extraction and product development space. This production house will fuel the growth of our brands Qwest, Qwest Reserve, Blendcraft, and General Admission, into new and innovative product formats like concentrates, vapes, edibles and beyond.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain financial performance measures that are not recognized or defined under IFRS (termed "Non-GAAP Measures"). As a result, this data may not be comparable to data presented by other licenced producers and cannabis companies. For an explanation of these measures to related comparable financial information presented in the Consolidated Financial Statements prepared in accordance with IFRS, refer to the discussion below. The Company believes that these Non-GAAP Measures are useful indicators of operating performance and are specifically used by management to assess the financial and operational performance of the Company. Accordingly, these Non-GAAP Measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Adjusted EBITDA: Adjusted EBITDA is a non-GAAP financial measure that is intended to provide a proxy for the Company's operating cash flow and is widely used by industry analysts to compare Decibel to its competitors and derive expectations of future financial performance of the Company. Adjusted EBITDA increases comparability between comparative companies by eliminating variability resulting from differences in capital structures, management decisions related to resource allocation, and the impact of fair value adjustments on biological assets, inventory, and financial instruments, which may be volatile on a period to period basis. The composition of adjusted EBITDA is as follows:
Retail Sales: Retail Sales is a measure intended to provide a more accurate depiction of the revenue earned by the Company's retail operations. Inventory transferred directly from the Company's wholesale operations to the Company's retail operations is removed from Retail Revenue as presented in the Company's Consolidated Financial Statements.
Gross Sales of Flower: Gross Sales of Flower is a measure intended to provide a more accurate depiction of gross revenue earned by the Company's wholesale flower operations. Inventory transferred directly from the Company's wholesale flower operations to the Company's retail operations is added to Gross Wholesale Revenue of Flower as found in the Company's Consolidated Financial Statements to arrive at Gross Sales of Flower.
Net Sales of Flower: Net Sales of Flower is a measure intended to provide a more accurate depiction of net revenue earned by the Company's wholesale flower operations. Excise taxes associated with flower sales are subtracted from Gross Sales of Flower to arrive at Net Sales of Flower.
Gross Sales of Extracts: Gross Sales of Extracts is a measure intended to provide a more accurate depiction of gross revenue earned by the Company's wholesale extracts operations. Inventory transferred directly from the Company's wholesale extracts operations to the Company's retail operations is added to Gross Wholesale Revenue of Extracts as found in the Company's Consolidated Financial Statements to arrive at Gross Sales of Extracts.
Net Sales of Extracts: Net Sales of Extracts is a measure intended to provide a more accurate depiction of net revenue earned by the Company's wholesale extracts operations. Excise taxes associated with extracts sales are subtracted from Gross Sales of Extracts to arrive at Net Sales of Extracts.
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
In this news release, forward-looking statements relate to, among other things, the Company's expectations that it is on track with another projected milestone and that more highlights are planned for the back half of 2023; that additional equipment landed early August will drive continued sequential margin expansion; that the Company is ahead of its previously stated target to achieve 40-45% gross margin by the second half of 2022; that the growth in demand for vapes and concentrates will continue into Q3 2022 with record level of demand and distribution for Decibel derivative products; the anticipated benefits to be derived from the staged infrastructure optimization at the Thunderchild Facility; Decibel's expectations that production volumes at the Thunderchild Facility will resume full run-rate production by the first half of 2023; the Company's expectations that it will remain in compliance with all of its financial covenants for the remainder of its twelve-month forecast period; the Company's ability to grow Qwest, Qwest Reserve and Blendcraft brands into new and innovative product formats, variations; and its other business plans and expectations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
Forward-looking statements and FOFI (as defined herein) are necessarily based upon a number of estimates and 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 statements. Such factors include, but are not limited to: risks relating to delays; regulatory changes and impacts; capital requirements; construction impacts; displacement requirements and unforeseen requirements resulting from the COVID-19 pandemic; the ability to obtain and maintain licences to retail cannabis products; review of the Company's production facilities by Health Canada and maintenance of licences (including any amendments thereto) from Health Canada in respect thereof; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the labour market generally and the ability to access, hire and retain employees; general business, economic, competitive, political and social uncertainties; timing and completion of construction and expansion of the Company's production facilities and retail locations; the risk that additional equipment landed early August may not drive continued sequential margin expansion; the risk that the Company may not remain in compliance with all of its financial covenants for the remainder of its twelve-month forecast period; and the delay or failure to receive board, regulatory or other approvals, including any approvals of the TSX Venture Exchange, as applicable. Many of these risks and uncertainties and additional risk factors are described in the Corporation's Annual Information Form and Management's Discussion and Analysis for the year ended December 31, 2021, which are available at www.sedar.com.
With respect to forward-looking statements and FOFI contained in this press release, Decibel has made assumptions regarding, but not limited to: Decibel's ability to enter new markets and industry verticals; Decibel's ability to attract, develop and retain key personnel; Decibel's ability to raise additional capital and to execute on its expansion plans; the timelines for new product launches, Decibel's ability to continue investing in infrastructure and implement scalable controls, systems and processes to support its growth; the impact of competition; the changes and trends in Decibel's industry or the global economy; the Company's ability to generate sufficient cash flow from operations and obtain financing, if needed, on acceptable terms or at all; the general economic, financial market, regulatory and political conditions in which the Company operates; the ability of the Company to ship its products and maintain supply chain stability; consumer interest in the Company's products; anticipated and unanticipated costs; government regulation of the Company's activities and products; the timely receipt of any required regulatory approvals; the Company's ability to conduct operations in a safe, efficient and effective manner; the Company's construction plans and timeframe for completion of such plans; and the changes in laws, rules, regulations, and global standards.
Any financial outlook or future oriented financial information (in each case "FOFI") contained in this news release regarding prospective financial position, including, but not limited to: that additional equipment landed in early August will drive continued sequential margin expansion; and that the Company is ahead of its previously stated target to achieve 40-45% gross margin by the second half of 2022, is based on reasonable assumptions about future events, including those described above, based on an assessment by management of the relevant information that is currently available. The actual results will likely vary from the amounts set forth herein and such variations may be material.
Readers are cautioned that the foregoing list of assumptions and risk factors is not exhaustive. The forward-looking statements and FOFI contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements and FOFI included in this news release are made as of the date hereof and Decibel does not undertake any obligation to publicly update such forward-looking statements and FOFI to reflect new information, subsequent events or otherwise unless so required by applicable securities laws.
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SOURCE Decibel Cannabis Company Inc. | https://www.whsv.com/prnewswire/2022/08/18/decibel-announces-second-quarter-results-with-another-period-record-net-revenue-adjusted-ebitda/ | 2022-08-18T12:35:55Z |
SAN ANTONIO, Aug. 18, 2022 /PRNewswire/ -- According to the National Weather Service, San Antonio saw one of the warmest winters in more than 130 years in December, with temperatures that were 10 to 12 degrees higher than those recorded between 1991 and 2020. One question arises with concerns of drought, "what can we do to make a difference?" The answer is quite simple, install SYNLawn artificial grass.
As of June 15th, 2022, San Antonio declared that it still had enough water to remain in a stage 2 drought condition rather than escalating to stage 3. Despite the lack of increase, San Antonio residents would still be restricted to watering with an irrigation system or sprinkler only once a week from 7-11 a.m. and 7-11 p.m.
Today, more than 70% of water consumption is caused by watering landscaping, specifically lawns. The large amount of water needed to keep our lawns beautiful, the toxic herbicides and chemical fertilizers we saturate them with, and the air pollutants released by mowers makes artificial grass very appealing. SYNLawn products are US manufactured in partnership with soy farmers here in the US and as a result, we are the first and only artificial grass distributor to be USDA-certified. Our USDA products are manufactured with up to 80% bio-based content necessary for their qualification. Our fully integrated, ISO 9001 Certified 400,000 sf design and manufacturing facility located in Dalton, GA, and allows us to ensure the quality of our products as well as their high environmental standards.
Upon installation, our clients can see a possible 50-70% decrease in their water bill on average. This substantial savings is making a huge impact for families, especially with the looming recession. In addition, it will make a big impact in our states water resources the more residents and businesses that switch.
In coming months, San Antonio will have to make substantial changes to deter the potential of higher stages of drought. For more than 50 years, SYNLawn has dedicated its time and experience to researching and developing our products to give back to the environment. Our clients can feel confident that they are making the changes necessary to promote environmental sustainability.
For more information about our services, products, and the eco-friendly benefits of our products, contact SYNLawn Central Texas to schedule a free consultation today!
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SOURCE SYNLawn San Antonio | https://www.whsv.com/prnewswire/2022/08/18/drought-conditions-worsen-synlawn-san-antonio-artificial-grass-is-promising-solution/ | 2022-08-18T12:36:01Z |
HOUSTON, Aug. 18, 2022 /PRNewswire/ -- ENDOQUEST Robotics, developer of the world's first flexible endoluminal robotic system which enables scar-free and less invasive surgical procedures announced that the Company's Endoluminal Surgical (ELS) System was named the winner of the Best Application Award in the 2022 Surgical Robotic Challenge. The award was presented on June 28, 2022 during the 14th Hamlyn Symposium on Medical Robotics held in London.
"The Surgical Robotic Challenge is one of the most prestigious honors that can be earned in robotics technology and this award represents a new level of interest and validation in our innovative ELS technology," said Kurt Azarbarzin, Chief Executive Officer of EndoQuest Robotics. "This recognition and honor is a reflection of the outstanding work of our team and brings new levels of momentum to our plans to advance this technology to an IDE application with the U.S. Food and Drug Administration."
EndoQuest's advanced robotic platform enables therapeutic endoscopists and surgeons to perform endoluminal surgeries through the body's existing lumens, eliminating the need for incisions that lead to visible scarring. The ELS System combines the flexibility of conventional endoscopy with the advantages of traditional surgical techniques that can improve control and precision. The Company's proprietary endoscope is a flexible and steerable overtube that functions as a robotic delivery system able to deliver two surgical instruments and a flexible videoscope to a surgical target. With the enhanced capabilities of the EndoQuest's ELS System, advanced endoscopists and surgeons can access locations in the digestive tract through a body's natural orifice using traditional surgical techniques not previously possible.
The award was based on results of a review of the use of the ELS System in ex vivo tissue models, including bovine colon and porcine esophagus, as well as a porcine Zenker's diverticula model, to assess basic functionality. Technical feasibility of colonic lesion resection was also explored. Results showed that the ELS system was able to function in a tortuous configuration with stable, smooth, and predictable movement of the flexible instrument end effectors and accessories could be efficiently exchanged without repositioning or interruption of the procedure. Tissue resection was possible in preclinical models, including simulated lesions in bovine colon. Myotomies were also successfully performed in porcine esophagus and Zenker's diverticula models.
"This achievement highlights the potential for EndoQuest's ELS System to allow for much broader adoption of endoluminal tissue resection techniques, ultimately enabling less invasive and scar-free endoluminal surgery to become more widely available to patients," Mr. Azarbarzin added. "There is also clear potential to expand the applications of this technology further in endoscopic surgery in the years ahead."
About The Surgical Robotic Challenge
The Surgical Robotic Challenge is an international competition that attracts some of the leading surgical robotics groups from around the world to showcase innovative new ideas across a range of surgical robot platforms. Awards are presented in three categories: Best Application, Best Innovation and Best Design.
About EndoQuest Robotics
EndoQuest Robotics has developed the Endoluminal Surgical (ELS) System, the world's first endoluminal robotic surgical system that makes it possible for therapeutic endoscopists and surgeons to perform upper and lower gastrointestinal surgery less-invasively through a trans-oral or trans-anal approach. EndoQuest's robotic platform combines the flexibility of endoscopy that is able to navigate the curvature of patients' anatomy with instrumentation that allows the physician to use a conventional two-handed surgical technique. The EndoQuest ELS System has further potential applications in a range of minimally invasive surgeries including appendectomy and cholecystectomy that can be performed with no external incisions. For additional information, visit the Company's website at www.endoquestrobotics.com.
The ELS System is under development, has not been cleared by the FDA and is not for commercial sale in the United States.
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SOURCE EndoQuest Robotics | https://www.whsv.com/prnewswire/2022/08/18/endoquest-robotics-endoluminal-surgical-els-system-wins-2022-surgical-robotic-challenge-best-application-award/ | 2022-08-18T12:36:08Z |
STOCKHOLM, Aug. 18, 2022 /PRNewswire/ -- Oncopeptides AB (publ) (Nasdaq Stockholm: ONCO), a biotech company focused on research and development of therapies for difficult-to-treat hematological diseases, today announces that the European Commission has granted Pepaxti® (melphalan flufenamide, also called melflufen) marketing authorization in combination with dexamethasone, for the treatment of adult patients with multiple myeloma who have received at least three prior lines of therapies, whose disease is refractory to at least one proteasome inhibitor, one immunomodulatory agent, and one anti-CD38 monoclonal antibody, and who have demonstrated disease progression on or after the last therapy. For patients with a prior autologous stem cell transplantation, the time to progression should be at least 3 years from transplantation. The marketing authorization is valid in all EU member states, as well as in the European Economic Area (EEA) countries Iceland, Lichtenstein, and Norway.
The marketing authorization is based on data from the phase 2 HORIZON study and is supported by data from the randomized controlled phase 3 OCEAN study as confirmatory study. Oncopeptides intends to submit a type II variation in Q4 2022 to enable access to earlier lines of treatment for patients with relapsed refractory multiple myeloma (RRMM).
"The approval of Pepaxti in Europe is foundational for Oncopeptides, and brings excellent news for patients and shareholders," says Jakob Lindberg, CEO Oncopeptides AB. "Despite the introduction of novel therapies, patients with triple class refractory disease have a high unmet medical need, since their treatment options ultimately become exhausted."
Oncopeptides will now advance market access activities to pave the way for a successful launch of Pepaxti in Germany in Q4, 2022. The Company is dedicated to making the drug available for patients across Europe and is actively considering various options to commercialize the product.
For further information, please contact:
Rolf Gulliksen, Global Head of Corporate Communications, Oncopeptides AB (publ)
E-post: rolf.gulliksen@oncopeptides.com
Mobil: + 46 70 262 96 28
The information in the press release is information that Oncopeptides is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person above, on August 18, 2022, at 13:00 (CET).
About HORIZON study
The HORIZON study is a pivotal phase 2 study, that evaluated melflufen in combination with dexamethasone, in heavily pre-treated patients with poor prognosis. This multi-center single arm study evaluated 157 patients with relapsed or refractory multiple myeloma, of whom 97 were triple-class refractory and had received at least four prior lines of treatment. The efficacy results for triple-class refractory patients who have received at least 3 prior lines of therapies and who had no ASCT or progressed more than 36 months after an ASCT in the HORIZON study is outlined below:
About Pepaxti
Pepaxti (melphalan flufenamide, also called melflufen) is a lipophilic peptide conjugated alkylating drug that rapidly and selectively is delivering cytotoxic agents into tumor cells. The drug is composed of a di-peptide and an alkylating moiety. The lipophilicity allows a faster cellular uptake whereas the peptide hydrolysis mediated by aminopeptidases, results in accumulation of alkylating moieties in cancer cells. This results in an improved efficacy without an increased toxicity compared to melphalan. Pepaxti inhibits proliferation and induces apoptosis of hematopoietic and solid tumor cells. It shows synergistic cytotoxicity in combination with dexamethasone in melphalan resistant and non-resistant multiple myeloma cell lines.
Pepaxti is indicated in combination with dexamethasone, for the treatment of adult patients with multiple myeloma who have received at least three prior lines of therapy, whose disease is refractory to at least one proteasome inhibitor, one immunomodulatory agent, and one anti-CD38 monoclonal antibody, and who have demonstrated disease progression on or after the last therapies. For patients with a prior autologous stem cell transplantation, the time to progression should be at least 3 years from transplantation.
About Multiple Myeloma
Multiple myeloma is a cancer that originates in plasma cells, a type of white blood cells which produce antibodies to help fight infection, and cause cancer cells to accumulate in the bone marrow. Multiple Myeloma is the second most common hematologic malignancy, and accounts for approximately 1-2% of all new cancer cases, with a global incidence rate of 1.7 per 100,000 and an age-standardized incidence rate of 2.1-3.4 per 100,000 in France, Germany, Italy, Spain, and the UK. An estimated 35,842 patients were diagnosed in the EU27 during 2020, with an estimated 23,275 deaths due to the disease (ECIS 2020).
Patients with multiple myeloma may have symptom-free periods, but the disease always relapses, and patients may become refractory to all available treatment options due to mutations and/or clonal evolution of the tumor cells. A growing subset of patients are triple-class refractory, and develop disease refractory to immunomodulatory drugs, proteasome inhibitors, and CD38- targeting monoclonal antibodies. These patients have a very short expected overall survival.
About Oncopeptides
Oncopeptides is a biotech company focused on research and development of therapies for difficult-to-treat hematological diseases. The company uses its proprietary PDC platform to develop peptide-drug conjugated compounds that rapidly and selectively deliver cytotoxic agents into cancer cells. The first drug coming from the PDC platform, Pepaxto® (INN melphalan flufenamide), also called melflufen was granted accelerated approval in the U.S., on February 26, 2021, in combination with dexamethasone, for treatment of adult patients with relapsed or refractory multiple myeloma. The Company voluntarily withdrew the drug on October 22, 2021, and then rescinded the withdrawal on January 21, 2022. Due to regulatory hurdles the product is currently not marketed in the U.S. On June 23, 2022, the CHMP adopted a positive opinion recommending full approval of Oncopeptides Pepaxti® (melphalan flufenamide), in the EU in patients with triple class refractory multiple myeloma. Oncopeptides is developing several new compounds based on its technology platforms. The company is listed in the Mid Cap segment on Nasdaq Stockholm with the ticker ONCO. More information is available on www.oncopeptides.com.
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SOURCE Oncopeptides AB | https://www.whsv.com/prnewswire/2022/08/18/european-commission-approves-oncopeptides-pepaxti-treatment-patients-with-relapsed-refractory-multiple-myeloma/ | 2022-08-18T12:36:14Z |
Curis working with clinical sites to resume enrollment
Preliminary clinical data update expected in 2023
LEXINGTON, Mass., Aug. 18, 2022 /PRNewswire/ -- Curis, Inc. (NASDAQ: CRIS), a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer, today announced that the U.S. Food and Drug Administration (FDA) has lifted the partial clinical hold on the TakeAim Lymphoma Phase 1/2 study of emavusertib after reviewing the comprehensive data package submitted by Curis.
"We are excited to announce that FDA has completed its review of the TakeAim Lymphoma study and has lifted the partial clinical hold. We are working with our clinical sites to quickly resume enrollment of new patients in this study in the third quarter," said James Dentzer, President and Chief Executive Officer of Curis.
Previously, Curis announced that the FDA had placed separate partial clinical holds on the TakeAim Leukemia and TakeAim Lymphoma studies on April 4 and April 11, 2022, respectively. The partial hold on the TakeAim Leukemia study was issued by the FDA Division of Hematologic Malignancies 1 (DHM1), which regulates clinical studies in leukemia. The partial hold on the TakeAim Lymphoma study, and the lifting of that hold, was issued by the FDA Division of Hematologic Malignancies 2 (DHM2), which regulates clinical studies in lymphoma. The partial clinical hold was lifted following agreement with the FDA on Curis's strategy for rhabdomyolysis identification and management, as well as on the enrollment of at least nine additional patients at the 200 mg dose level of emavusertib in combination with ibrutinib.
With the partial clinical hold lifted on the TakeAim Lymphoma study, the Company is updating its timeline for clinical data release to reflect the availability of updated preliminary data from this study in 2023. In addition, Curis is proactively discussing the clinical plans for emavusertib, including alignment on optimal dose and development path, with DHM2 for the TakeAim Lymphoma study.
About Emavusertib (CA-4948)
Emavusertib is an IRAK4 kinase inhibitor and IRAK4 plays an essential role in the toll-like receptor (TLR) and interleukin-1 receptor (IL-1R) signaling pathways, which are frequently dysregulated in patients with cancer. TLRs and the IL-1R family signal through the adaptor protein MYD88, which results in the assembly and activation of IRAK4, initiating a signaling cascade that induces cytokine and survival factor expression mediated by the NF-κB protein complex. Additionally, third parties have recently discovered that the long form of IRAK4 (IRAK4-L) is oncogenic and preferentially expressed in over half of patients with acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS). The overexpression of IRAK4-L is believed to be driven by a variety of factors, including specific spliceosome mutations such as SF3B1 and U2AF1. In addition to inhibiting IRAK4, emavusertib was also designed to inhibit FLT3, a known oncologic driver, which may provide additional benefit in patients with AML and MDS.
About TakeAim Leukemia
The TakeAim Leukemia study (NCT04278768) is a Phase 1/2 open-label dose escalation, dose expansion clinical trial investigating emavusertib as a monotherapy and in combination with azacitidine or venetoclax in patients with relapsed or refractory (R/R) AML or high risk MDS. After dose escalation in both monotherapy and combination therapy to determine the recommended Phase 2 dose (RP2D), we plan to expand five cohorts: monotherapy in AML patients with spliceosome and FLT3 mutations, monotherapy in patients with MDS and spliceosome mutations and combination therapy with azacitidine or venetoclax in patients without spliceosome or FLT3 mutations. The goals of the study are to determine several parameters including safety, maximum tolerated dose (MTD), RP2D and signals of activity.
About TakeAim Lymphoma
The TakeAim Lymphoma study (NCT03328078) is a Phase 1/2 open-label, dose escalation, dose expansion clinical trial investigating emavusertib as monotherapy and in combination with ibrutinib in patients with R/R hematologic malignancies, such as non-Hodgkin's lymphoma and other B cell malignancies. After dose escalation in both monotherapy and combination therapy to determine the RP2D, we plan to expand four cohorts for combination treatment: marginal zone lymphoma, activated b-cell diffuse large b-cell lymphoma, primary CNS lymphoma, and patients developing adaptive resistance to ibrutinib monotherapy. The goals of the study are to determine several parameters including safety, MTD, RP2D and signals of activity.
About Curis, Inc.
Curis is a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer. In 2015, Curis entered into a collaboration with Aurigene in the areas of immuno-oncology and precision oncology. As part of this collaboration, Curis has exclusive licenses to oral small molecule antagonists of immune checkpoints including the VISTA/PDL1 antagonist CA-170, and the TIM3/PDL1 antagonist CA-327, as well as the IRAK4 kinase inhibitor, emavusertib (CA-4948). Emavusertib is currently undergoing testing in the Phase 1/2 TakeAim Lymphoma trial, in patients with hematologic malignancies, such as non-Hodgkin's lymphoma and other B cell malignancies, both as a monotherapy and in combination with BTK inhibitor ibrutinib, and the Phase 1/2 TakeAim Leukemia trial in patients with AML and MDS, for which it has received Orphan Drug Designation from the U.S. Food and Drug Administration. The FDA has placed a partial clinical hold on the TakeAim Leukemia trial during which no new patients will be enrolled, and current study participants benefiting from treatment may continue to be treated with emavusertib at doses of 300mg BID or lower. In addition, Curis is engaged in a collaboration with ImmuNext for development of CI-8993, a monoclonal anti-VISTA antibody, which is currently undergoing testing in a Phase 1 trial in patients with solid tumors. Curis is also party to a collaboration with Genentech, a member of the Roche Group, under which Genentech and Roche are commercializing Erivedge® for the treatment of advanced basal cell carcinoma.
For more information, visit Curis's website at www.curis.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including, without limitation, any statements with respect to Curis's plans, strategies and objectives to resume and further patient enrollment in its TakeAim Lymphoma trial and its ability to resolve the partial clinical hold of the TakeAim Leukemia study, statements concerning product research, development, clinical trials and studies and commercialization plans, timelines, anticipated results or the therapeutic potential of drug candidates including any statements regarding the initiation, progression, expansion, use, safety, efficacy, dosage and potential benefits of emavusertib in clinical trials as a monotherapy and/or as a combination therapy, Curis's plans and timelines to provide preliminary, interim and/or additional data from its ongoing or planned clinical trials, any statements concerning Curis's expectations regarding its interactions with the FDA, statements with respect to mutations or potential biomarkers, and statements of assumptions underlying any of the foregoing. Forward-looking statements may contain the words "believes," "expects," "anticipates," "plans," "intends," "seeks," "estimates," "assumes," "predicts," "projects," "targets," "will," "may," "would," "could," "should," "continue," "potential," "focus," "strategy," "mission," or similar expressions. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other important factors that may cause actual results to be materially different from those indicated by such forward-looking statements. For example, the FDA may not remove the partial clinical hold on the Phase 1/2 TakeAim Leukemia trial or may take further regulatory action with regard to such trials. Curis may experience adverse results, delays and/or failures in its drug development programs and may not be able to successfully advance the development of its drug candidates in the time frames it projects, if at all. Curis's drug candidates may cause unexpected toxicities, fail to demonstrate sufficient safety and efficacy in clinical studies and/or may never achieve the requisite regulatory approvals needed for commercialization. Favorable results seen in preclinical studies and early clinical trials of Curis's drug candidates may not be replicated in later trials. There can be no guarantee that the collaboration agreements with Aurigene and ImmuNext will continue for their full terms, or the CRADA with NCI, that Curis or its collaborators will each maintain the financial and other resources necessary to continue financing its portion of the research, development and commercialization costs, or that the parties will successfully discover, develop or commercialize drug candidates under the collaboration. Regulatory authorities may determine to delay or restrict Genentech's and/or Roche's ability to continue to develop or commercialize Erivedge in basal cell carcinoma (BCC). Erivedge may not demonstrate sufficient or any activity to merit its further development in disease indications other than BCC. Competing drugs may be developed that are superior to Erivedge. In connection with its agreement with Oberland Capital, Curis faces risks relating to the transfer and encumbrance of certain royalty and royalty-related payments on commercial sales of Erivedge, including the risk that, in the event of a default by Curis or its wholly-owned subsidiary, Curis could lose all retained rights to future royalty and royalty-related payments, Curis could be required to repurchase such future royalty and royalty-related payments at a price that is a multiple of the payments it has received, and its ability to enter into future arrangements may be inhibited, all of which could have a material adverse effect on its business, financial condition and stock price. Curis will require substantial additional capital to fund its business. If it is not able to obtain sufficient funding, it will be forced to delay, reduce in scope or eliminate some of its research and development programs, including related clinical trials and operating expenses, potentially delaying the time to market for, or preventing the marketing of, any of its product candidates, which could adversely affect its business prospects and its ability to continue operations, and would have a negative impact on its financial condition and its ability to pursue its business strategies. Curis faces substantial competition. Curis and its collaborators face the risk of potential adverse decisions made by the FDA and other regulatory authorities, investigational review boards, and publication review bodies. Curis may not obtain or maintain necessary patent protection and could become involved in expensive and time-consuming patent litigation and interference proceedings. Unstable market and economic conditions, natural disasters, public health crises, political crises and other events outside of Curis's control could significantly disrupt its operations or the operations of third parties on which Curis depends and could adversely impact Curis's operating results and its ability to raise capital. For example, the COVID-19 pandemic may result in closures of third-party facilities, impact enrollment in clinical trials or impact sales of Erivedge by Genentech and/or Roche. The extent to which the COVID-19 pandemic may impact Curis's business or operating results is uncertain. Other important factors that may cause or contribute to actual results being materially different from those indicated by forward-looking statements include the factors set forth under the captions "Risk Factor Summary" and "Risk Factors" in our most recent Form 10-K and Form 10-Q, and the factors that are discussed in other filings that we periodically make with the Securities and Exchange Commission ("SEC"). In addition, any forward-looking statements represent the views of Curis only as of today and should not be relied upon as representing Curis's views as of any subsequent date. Curis disclaims any intention or obligation to update any of the forward-looking statements after the date of this press release whether as a result of new information, future events or otherwise, except as may be required by law.
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SOURCE Curis, Inc. | https://www.whsv.com/prnewswire/2022/08/18/fda-lifts-partial-clinical-hold-takeaim-lymphoma-study-emavusertib/ | 2022-08-18T12:36:21Z |
SHANGHAI, Aug. 18, 2022 /PRNewswire/ -- GenFleet Therapeutics, a clinical-stage biotechnology company focusing on cutting-edge therapies in oncology and immunology, announced US Food and Drug Administration (FDA) has approved the clinical trial application for GFH312 in a randomized, double-blinded, placebo-controlled phase II monotherapy study. The trial will be conducted in patients with peripheral artery disease and with intermittent claudication at 15 research centers, including University of Colorado Anschutz Medical Campus. GenFleet completed the phase I study of GFH312 in Australia with data to be published in relevant international medical conference later this year.
According to research, there are estimated over 200 million people worldwide living with peripheral artery disease (PAD) with prevalence ranging as high as 20% in populations aged 70 years or over. Most patients are either asymptomatic or have intermittent claudication (IC), but all with an increased risk for myocardial infarction, stroke and vascular-related mortality.
There is a significant unmet medical need for PAD, given that currently no anti-inflammatory treatments have been approved globally. RIPK1 exhibits dual immunomodulatory effects and is a key regulator of multiple immune pathways. Many scientific publications have indicated that RIPK1-mediated inflammatory response plays a crucial part in the occurrence and development of PAD with IC. Preclinical data demonstrated GFH312 is able to inhibit RIPK1 kinase activity in human cells, down-regulate RIPK1 phosphorylation in animal models and curb the inflammatory response of animals' nervous system.
"The data from completed phase I trial in Australia demonstrated excellent safety profile and desirable PK & PD properties of GFH312. GFH312 is GenFleet's first Phase 2-ready product in non-oncology indications. We wish to further confirm the safety and therapeutic effectiveness of GFH312 in the trial." said Dr. Yu Wang, Chief Medical Officer of GenFleet Therapeutics.
"GenFleet has launched a series of initiatives in global clinical development and strategic partnership this year. GFH312 is GenFleet's first program entering into clinical trial in Australia, and now we are thrilled to see this program moving into phase II study in the US. This is a significant milestone for the company's multi-regional clinical development. To date, no RIPK1 inhibitor has been approved for therapeutic use and we look forward to bringing more innovative therapies to benefit patients worldwide." said Dr. Jiong Lan, Co-founder and Chief Executive Officer of GenFleet Therapeutics.
The primary objective of this study is to evaluate the effect of GFH312 on symptomatic functional capacity among PAD patients with IC after 12 weeks of treatment. The study will also assess the safety, tolerability and pharmacokinetics of GFH312 and explore the beneficial impact of GFH312 on the quality of PAD patients' life. Moreover, GenFleet is planning to start a double-blinded, randomized, placebo-controlled phase I study in China to support further phase II study in China for other potential indications.
References:
1. Peripheral Arterial Disease in Women: an Overview of Risk Factor Profile, Clinical Features, and Outcomes, Curr Atheroscler Rep, 2018
2. A national study of the prevalence and risk factors associated with peripheral arterial disease from China: The China Hypertension Survey 2012-2015, Int J Cardio, 2019
3. Epidemiology, diagnosis and classification of peripheral artery disease (PAD), Nova Science Pub Inc, 2016
About peripheral arterial disease and intermittent claudication
Peripheral arterial disease (PAD) is a chronic disease in which plaque builds up in the arteries and leads to stenosis or even complete occlusion. Narrowed vessels would reduce blood flow to the arms or legs and cause intermittent claudication and other cardiovascular symptoms. According to research, PAD affects almost 27 million people in US and Europe; in China, PAD prevalence amounts to 6% among people above 35 years old and PAD-affected population is calculated to exceed 40 million. At present, antiplatelet drugs, vasodilators, or drugs for prevention and treatment of venous thrombosis and systemic circulation embolism are commonly prescribed to relieve PAD symptoms.
As a common symptom in vascular and neurological diseases, intermittent claudication (IC) is mainly caused by local ischemia and induces microvascular obstruction, leg weakness and intermittent walking difficulty. The symptoms can be alleviated in varying degrees and durations after stopping lower limb movement.
About RIPK1 and GFH312
As a subtype of receptor interacting protein kinase family, RIPK1 is a central regulator of multiple immune signaling pathways. Widely expressed in human cells, the serine/threonine kinase of RIPK1 is most abundant in fat, endothelial and perivascular cell clusters and also discovered in immune cell clusters (dendritic cells, macrophages and T cells). Small-molecule RIPK1 inhibitors are expected to show efficacy for treating autoinflammatory and autoimmune diseases (including psoriasis, rheumatoid arthritis, ulcerative colitis, etc.).
In vitro experiments demonstrate that GFH312 blocks the process of TNF-α-induced necroptosis. It's observed in a variety of animal models that GFH312 can reduce inflammation and resist necroptosis; besides, low dosage of GFH312 can decrease the death risk caused by acute systemic inflammation and significantly improve the action capability of experimental animals. The phase I clinical trial data confirm the safety and tolerance of GFH312.
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SOURCE GenFleet Therapeutics | https://www.whsv.com/prnewswire/2022/08/18/genfleet-receives-fda-approval-phase-ii-study-ripk1-inhibitor-gfh312/ | 2022-08-18T12:36:28Z |
St. Louis-based Wealth Management Advisors Recognized for Making a Significant Impression on Their Clients and Financial Industry
ST. LOUIS, Aug. 18, 2022 /PRNewswire/ -- Hightower Wealth Advisors | St. Louis, a wealth management firm providing investment, financial and retirement planning services, announces advisors Brian Copeland, CPWA®, CFP®, and Zach Ungerott, CPWA®, CFP®, have been named to the Forbes Top Next-Gen Wealth Advisors Best-In-State List 2022 . The list highlights up-and-coming advisors across the country who are touted to ignite new energy and ideas in the financial industry.
"Brian and Zach have tremendous drive and a natural instinct for client service, so it's unsurprising they were honored with this year's recognition," said Omar Quershi, managing partner and investment strategist of Hightower Wealth Advisors | St. Louis. "Their hard work and dedication during volatile times have been a driving force in our growth and we are excited to see their continued success in the future."
Copeland is partner and director of financial planning with the firm. In his role he oversees all aspects of the planning services the firm offers, including retirement planning, tax planning, risk management, and estate and budgeting analysis. He has an innate ability to analyze complex, sophisticated financial situations, identify any potential opportunities or gaps, and educate clients on solutions in a straightforward, simplistic manner.
Ungerott is a senior wealth advisor specializing in investment and retirement planning for business owners. He helps them understand and overcome many of the financial challenges they may face and works with them to implement advanced estate and tax planning strategies to meet their goals and protect their legacy.
To learn more about Hightower Wealth Advisors | St. Louis, visit HightowerStLouis.com.
Methodology
Each year, Forbes partners with SHOOK research to develop the esteemed list. Recipients are selected through research interviews, compliance records, experience in the financial industry, assets under management and other qualitative and quantitative data. Forbes Top Next-Gen Wealth Advisors must be under 40 years old and have worked in the financial industry for at least four years to be considered.
About Hightower Wealth Advisors | St. Louis
Hightower Wealth Advisors | St. Louis is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. As an ensemble team of qualified, experienced financial professionals with a wide range of knowledge and skills, Hightower Wealth Advisors is a multi-faceted, multi-generational team that builds comprehensive financial plans that are more than just investments. For more information about Hightower Wealth Advisors | St. Louis, please visit HightowerStLouis.com.
Securities offered through Hightower Securities, LLC member FINRA/SIPC Hightower Advisors, LLC is a SEC registered investment advisor.
MEDIA CONTACT
AdvisorPR®
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SOURCE Hightower Wealth Advisors | St. Louis | https://www.whsv.com/prnewswire/2022/08/18/hightower-wealth-advisors-st-louis-announces-financial-advisors-brian-copeland-zach-ungerott-named-forbes-top-next-gen-wealth-advisors-best-in-state-list-2022/ | 2022-08-18T12:36:35Z |
BALTIMORE, Aug. 18, 2022 /PRNewswire/ -- Janet, Janet & Suggs, LLC attorney Howard A. Janet was recently recognized by Best Lawyers® as the 2023 "Lawyer of the Year" for Medical Malpractice Law – Plaintiffs.
Only a single lawyer in each practice area and designated metropolitan area is honored as the "Lawyer of the Year," making this accolade particularly significant. These lawyers are selected based on voting averages received during the peer review assessments.
Receiving this designation reflects the high level of respect a lawyer has earned among other leading lawyers in the same communities and the same practice areas for their abilities, their professionalism, and their integrity.
Mr. Janet and the following JJS lawyers were also recognized by 2023 Best Lawyers in the following categories.
- Howard A. Janet—Medical Malpractice Law - Plaintiffs, Personal Injury Litigation - Plaintiffs, and Product Liability Litigation - Plaintiffs
- Kenneth M. Suggs—Mass Tort Litigation / Class Actions - Plaintiffs, Medical Malpractice Law - Plaintiffs, Personal Injury Litigation - Plaintiffs, and Product Liability Litigation - Plaintiffs
- Giles H. Manley—Personal Injury Litigation - Plaintiffs
- Gerald D. Jowers, Jr.—Personal Injury Litigation - Plaintiffs
- Richard M. Serbin—Personal Injury Litigation - Plaintiffs
Janet, Janet & Suggs, LLC would also like to congratulate the following lawyers recognized in the 2023 edition of Best Lawyers: Ones to Watch in America.
Lawyers recognized in Best Lawyers: Ones to Watch in America are divided by geographic region and practice areas. They are reviewed by their peers based on professional expertise and undergo an authentication process to make sure they are in current practice and in good standing.
- Andrew Janet—Medical Malpractice Law - Plaintiffs and Personal Injury Litigation - Plaintiffs
- Patrick Thronson—Personal Injury Litigation - Plaintiffs
- Matthew White—Mass Tort Litigation / Class Actions - Plaintiffs, Medical Malpractice Law - Plaintiffs, and Personal Injury Litigation - Plaintiffs
- Natalie D'Antonio—Personal Injury Litigation - Plaintiffs
- Brenda Harkavy—Medical Malpractice Law - Plaintiffs and Personal Injury Litigation - Plaintiffs
- Stephen Rigg—Appellate Practice
About Janet, Janet & Suggs, LLC
Janet, Janet & Suggs is a national law firm noted for its expertise and accomplishments in cases involving birth injury and other medical malpractice, sexual abuse, defective medical devices, dangerous medications, other personal injuries, and numerous other high stakes matters. Our pursuit of justice and fair compensation for our clients has led us to often record-breaking wins against the country's largest institutions, including religious organizations, corporations, universities, and the federal government.
Howard Janet and his firm have won over $3 billion dollars in verdicts and settlements for their clients. Mr. Janet knows it is not the amount of money he obtains for his clients that is the true measure of success. Instead, it is what the money can do—ensure peace of mind and dramatically improve the quality of life for his clients.
FOR MORE INFORMATION CONTACT:
Sandra Colclough—Janet, Janet & Suggs, LLC
(877) 692-3862
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SOURCE Janet, Janet & Suggs | https://www.whsv.com/prnewswire/2022/08/18/howard-janet-named-2023-best-lawyers-lawyer-year-medical-malpractice-baltimore/ | 2022-08-18T12:36:41Z |
The contract signed with the Serhiy Prytula Charity Foundation will initially provide the Government of Ukraine with the full capabilities for one of ICEYE's satellites already in orbit.
HELSINKI, Aug. 18, 2022 /PRNewswire/ -- ICEYE, the global leader in persistent monitoring with radar satellite imaging, has signed a contract with the Serhiy Prytula Charity Foundation which will provide the Government of Ukraine with ICEYE's Synthetic Aperture Radar (SAR) satellite imaging capabilities.
As part of the agreement, ICEYE will transfer full capabilities of one of its SAR satellites already in orbit for the Government of Ukraine's use over the region. The SAR satellite will be operated by ICEYE. In addition, ICEYE will provide access to its constellation of SAR satellites, allowing the Ukrainian Armed Forces to receive radar satellite imagery on critical locations with a high revisit frequency.
Since the beginning of the Russian invasion in Ukraine, the Serhiy Prytula Charity Foundation has focused its efforts on fundraising money for the needs of Ukraine's Armed Forces, including the recent acquisition of four Bayraktar drones.
"ICEYE owns the most developed radar satellite imaging technology in the world as of today," says Serhiy Prytula, founder of the Serhiy Prytula Charity Foundation. "This agreement is a significant step in responding to the Government of Ukraine's urgent request for critical earth observation data and it will greatly benefit our Armed Forces."
"With this agreement, ICEYE further builds on its efforts to provide objective data and technological support to Ukraine," says Rafal Modrzewski, CEO of ICEYE. "We firmly believe SAR technology and its capabilities will continue to add significant value to the Government of Ukraine, now enabled by the work of the Serhiy Prytula Charity Foundation."
Owning the world's largest SAR satellite constellation, ICEYE delivers proven and reliable Earth Observation solutions and is the only organization in the world to offer the rapid delivery of high-precision SAR satellites and data to its customers, allowing them to take full control of their mission.
At any given time, most of the Earth is covered in clouds or darkness. Unlike traditional Earth observation satellites, ICEYE's small radar imaging satellites can form high-resolution images of areas of the Earth in daylight, at night, and through cloud cover. In other words, they can collect images and data from any part of the Earth multiple times a day, with the necessary reliability for critical decision making. ICEYE has successfully launched 21 spacecraft to date and operates the world's largest fleet of commercial SAR satellites.
ICEYE delivers unmatched persistent monitoring capabilities for any location on earth. Owning the world's largest synthetic-aperture radar constellation, the company enables objective, data-driven decisions for its customers in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring and finance. ICEYE's data can be collected day or night, and even through cloud cover. For more information, please visit www.iceye.com.
Since 2014, Serhiy Prytula has been volunteering to supply the Ukrainian army. At the beginning of Russia's full-scale invasion, he expanded the efforts to the scale of the Charity Foundation to help the military. During the war, the Foundation raised more than 53 million USD (over 2 billion UAH) in donations. The Foundation is one of the biggest war effort charities in Ukraine. It purchases drones, optics, vehicles, communications equipment, and tactical medicine for the military on the front line as well as supplies humanitarian aid for the areas affected by Russian attacks. Since the start of the Foundation has helped supply hundreds of combat units.
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SOURCE ICEYE | https://www.whsv.com/prnewswire/2022/08/18/iceye-signs-contract-provide-government-ukraine-with-access-its-sar-satellite-constellation/ | 2022-08-18T12:36:47Z |
SAN FRANCISCO, Aug. 18, 2022 /PRNewswire/ -- NastLaw LLC and Roberts Law Firm Us, PC announce a proposed settlement has been reached in a class action lawsuit (KPH Healthcare Services, Inc. v. Gilead Sciences, Inc., No. 3:20-cv-06961-EMC (N.D. Cal.), coordinated with Staley v. Gilead Sciences, Inc., No. 3:19-cv-02573-EMC (N.D. Cal.)). The lawsuit alleges that BMS and Gilead engaged in a variety of allegedly anticompetitive conduct that caused direct purchasers to pay too much for HIV cART drugs. The settlement resolves the claims against BMS; it does not resolve claims against Gilead. BMS denies any wrongdoing. The Court has not decided who is right.
Generally, the proposed Settlement includes persons and entities that purchased Atripla, Complera, Evotaz, Reyataz, Sustiva, Stribild, Truvada, or any of their generic equivalents directly from a brand or generic manufacturer from October 6, 2016 until October 19, 2021.
BMS agreed to pay $10.8 million into a Settlement Fund, plus up to an additional $200,000 for one-half of the costs of providing notice of this settlement. BMS also agreed to waive enforcement of a provision in its licensing agreement with Gilead that will remove a barrier to generic competition with Evotaz.
If the Court approves the Settlement, Class Counsel will seek reimbursement for litigation expenses up to $2.5 million and payment of a class representative service award in the amount of $10,000. These amounts, if approved, will be paid from the Settlement Fund. Class Counsel is not seeking an award of attorneys' fees in connection with this Settlement.
To get paid, you must submit a Claim Form by October 28, 2022, either online at www.HIVcARTDirectPurchaserSettlement.com or by U.S. Mail. See the Claim Form for instructions. If the Court approves the Settlement, claims will be paid after the conclusion of any appeals.
If you remain in the Class, you can write to the Court about what, if anything, you do not like about the Settlement, or you can exclude yourself from the Class. The deadline for either option is October 6, 2022. Descriptions about the effects of these options, and instructions on how to exercise them, are available in the detailed notice available at www.HIVcARTDirectPurchaserSettlement.com.
The Court scheduled a hearing for November 17, 2022 at 1:30 p.m. PT to consider whether the Settlement and allocations are fair, reasonable, and adequate, as well as any objections. You do not need to attend, but you or your attorney can do so at your own expense. See the detailed notice available at www.HIVcARTDirectPurchaserSettlement.com for the hearing location, where to find out if the date or time changes, and what you must do if you or your attorney wish to speak at the hearing.
For more information, visit www.HIVcARTDirectPurchaserSettlement.com or call 1-501-821-5575.
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SOURCE NastLaw LLC and Roberts Law Firm Us, PC | https://www.whsv.com/prnewswire/2022/08/18/if-you-purchased-hiv-cart-drugs-directly-manufacturer-you-may-receive-payment-class-action-settlement/ | 2022-08-18T12:36:53Z |
INEO's Retail Media Network ad inventory to be marketed by Adapt Media for national advertising campaigns
SURREY, BC, Aug. 18, 2022 /PRNewswire/ - INEO Tech Corp. (TSX-V: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), the innovative developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, is pleased to announce a partnership with Adapt Media ("Adapt") to market INEO's Digital-Out-Of-Home (DOOH) advertising inventory to Adapt's advertising clients. Based in Toronto, Adapt has been successfully operating Out-Of-Home (OOH) advertising networks on a national level for 24 years and is a leader in technology enabled advertising campaigns, providing street level and in-store advertising in over 1,000 cities and towns across Canada.
"Partnering with Adapt Media is a major advancement for INEO's advertising pipeline due to Adapt's presence in the Toronto area and their strong national footprint," commented Kyle Hall, CEO of INEO. "With their help in marketing our ad inventory, INEO will gain access to increased national advertising campaigns and a broader range of potential customers. Additionally, Adapt's expertise and reach will enhance our retailer acquisition efforts by bringing another credible partner to the table to drive the advertising revenue for INEO and our retail customers operating within our advertising supported model."
"Adapt Media is an agile place-based Out-of-Home provider specializing in the delivery of unique advertising locations and experiences," said Amanda Newell, Adapt's Chief Revenue Officer. "Given Canadian advertisers' increased reliance on retail media to target shoppers at the exact moment of purchase, we are delighted to ally ourselves with INEO's robust Retail Media Network, patented technology and incomparable data. INEO's AI-fueled DOOH will allow our national advertisers to truly monetize eyeballs by both capturing shopper attention with eye-grabbing offers and netting consumer demographic data to allow for current and future tracking on their path to purchase. Our INEO partnership is the ideal next step in Adapt's continuing goal to offer national advertisers optimum DOOH placement, measurement, and accountability, and we can't wait to showcase INEO's magnificent offering to brands and advertising agencies across Canada."
Frank Halbach, Managing Director of Media for INEO commented, "We were looking for a national partner, based in Toronto, the media center of Canada, and are thrilled to have formed this relationship with Adapt. We are excited to be working with Adapt as INEO grows its Retail Media Network of in-store digital signage."
The INEO Retail Media Network reaches over 2.4 million motivated shoppers each month with highly visible digital display screens at the entrance of retail stores. INEO's intelligent demographic and analytics data enables unprecedented visibility and targeting for location-based advertising by brands and advertisers.
INEO Tech Corp.
Per: "Kyle Hall"
Kyle Hall, Chief Executive Officer and Director
About INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF)
INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., operates the INEO Media Network, a digital advertising and analytics solution for retailers. INEO's patented technology integrates and monetizes digital screens with theft detection sensor gates at the entrance of retail stores. The Company's cloud-based platform uses IoT (Internet of Things) and AI (Artificial Intelligence) technology to deliver customized digital advertising to each retail location based on the demographic mix, such as age and gender, of customer traffic at each location. The Company also deploys the INEO Welcoming Network technology through a SaaS-based solution to larger retail chains. INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol "INEO" and on the OTCQB-Venture Market under the symbol "INEOF".
For more information please visit:
Adapt Media, a trusted Canadian OOH provider, is focused on providing advertising space at premium airport lounges, DriveTest Ontario centres, and thousands of Circle K and independent convenience stores/gas stations across Canada. Adapt Media's sister company Chameleon Digital Media is a full-service digital agency with expertise in mobile location data. Now in its 24th year in business, Adapt Media has grown to include street-level and in-store advertising in over 1,000 cities and towns across the nation and is well-known for building bespoke ad networks.
This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing. This news release uses words such as "may", "would", "could", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", "outlook", and other similar expressions to identify forward-looking information. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Other factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed on SEDAR, including the Company's most recent annual and interim Management Discussion and Analysis and Financial Statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except to the extent required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE INEO Tech Corp. | https://www.whsv.com/prnewswire/2022/08/18/ineo-announces-strategic-advertising-partnership-with-adapt-media/ | 2022-08-18T12:36:59Z |
Bluetooth Audio Eyewear Innovator Introduces Four Bold New Frames
MIAMI, Aug. 18, 2022 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), a developer and retailer of cutting-edge smart eyewear and operator of the Lucyd® brand, is pleased to announce the launch of their Lucyd Lyte Fall '22 collection.
The product debut introduces four new designer smart frames and the new Lucyd charging dock accessory. Strategically embedded, streamlined hinges integrated with the latest fashion trends make these frames the most stylish releases to-date for the company. Additionally, these new designs bring improvements to the build quality and audio fidelity of all Lucyd frames. The new Lucyd dock accessory can wirelessly charge all Lucyd Lyte models and up to three other USB-charged devices simultaneously, offering an organized and compact way to charge your go-to devices. The dock makes charging Lucyd eyewear as easy as setting the glasses down on your nightstand, making the Lucyd experience more user-friendly than ever.
Harrison Gross, Lucyd CEO & Cofounder said, "Our mission at Lucyd has always strived to be the 'go-to upgrade' of your eyewear from sunglasses to Rx frames you wear all-day, everyday day. Simply put, the Lyte Fall '22 collection comprises our most advanced glasses yet. The new hinge design offers a sheerness that makes the frames almost indistinguishable from traditional designer eyewear. Our new Jupiter style weighs just 1oz; it's aesthetically refined and we believe is one of the lightest smart eyewear lines available today. Finally, the Lucyd charging dock is a new, patent-pending accessory that makes charging the glasses wireless and worry-free."
To celebrate the launch, Lucyd is offering 10% off all purchases on Lucyd.co for a limited time. With the introduction of the Lyte Fall '22 collection, there's never been a better time to #upgradeyoureyewear®. Customers can head to Lucyd.co and customize their frames with numerous lens options, including 16 tints available in a full range of prescriptions and a basic clear Rx lens starting at just $35.
Innovative Eyewear is a developer and retailer of smart eyewear, which are designed to allow the users to remain connected to their digital lives, while also offering prescription eyewear and sun protection. The Company believes that traditional frames, no matter how attractive, do not possess the functionality that many eyeglass wearers need and want. Smart eyewear is a multifunctional product that addresses the needs of the optical, hearables and digital assistant markets. The Company's mission is to Upgrade Your Eyewear®. For more information, please visit www.lucyd.co.
This press release contains certain forward-looking statements, including those relating to the anticipated timing of completion of the offering and other statements that are predictive in nature. Forward-looking statements are based on the Company's current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, "anticipate," "believe," "continue," "estimate," "expect," "future," "intend," "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds, expected date the Company's common stock and warrants will begin trading, the satisfaction of customary closing conditions and the expected date of the closing of the offering. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including its registration statement on Form S-1, as amended from time to time, under the caption "Risk Factors."
Investor Relations Contact:
Scott Powell
Skyline Corporate Communications Group, LLC
Office: +1 (646) 893-5835
Email: scott@skylineccg.com
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SOURCE Innovative Eyewear, Inc. | https://www.whsv.com/prnewswire/2022/08/18/innovative-eyewear-inc-announces-debut-their-lucyd-lyte-fall-22-collection/ | 2022-08-18T12:37:06Z |
ADC rebrand to Upshop recognizes total store retail operations technology capabilities
TAMPA, Fla., Aug. 18, 2022 /PRNewswire/ -- Applied Data Corporation (ADC), global pioneer of total store operations, announces an extensive rebranding effort to reflect the company's accelerated vision and growth. Upshop promises to deliver a simplified, smarter, more connected platform for retailers and associates by synchronizing Fresh, Packaged, and eCommerce operations.
ADC has been a visionary in Fresh operations for over thirty years in 28,000+ grocery and convenience locations. In 2019, the company re-architected from on-premise to cloud-based SaaS as a first step in driving associate usability and adoption. This past year has seen eCommerce fulfillment orchestration and expiration date management capability integrations to pioneer a singular platform for total store operations.
"AFS chose Upshop because it enables our store teams to focus on fresh," said Associated Food Stores Systems and Integration Director, Greg Welling. "Upshop provides our customers with a fresher experience while making our store teams more efficient at the same time. The combination is a win-win that drives customer loyalty and improves AFS store success."
Sync up your people, products, and processes with one singular platform for store operations. Upshop provides retailers the end-to-end visibility necessary to increase sales, cut waste, and improve labor efficiency; gaining a pivotal, competitive edge to win and maintain loyalty with shoppers.
Upshop has been pioneering store operations technology for over 30 years; delivering SaaS-based solutions which offer a simplified, smarter, more connected solution to retail store associates. The business leveraged the technology of leading products FreshIQ®, ShopperKit, and Date Check Pro to synchronize one platform, providing retailers the visibility needed to increase sales, cut waste, and streamline labor efficiencies. Over 145+ retail chain accounts trust our software in over 28,000+ stores, 9 countries, and 3 continents.
CONTACT:
Mike Weber, CMO
mike.weber@upshop.com
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SOURCE Upshop | https://www.whsv.com/prnewswire/2022/08/18/introducing-upshop-total-store-operations-platform/ | 2022-08-18T12:37:13Z |
Trial is the first randomized, controlled clinical trial evaluating cannabidiol to treat children and adolescents living with a developmental and epileptic encephalopathy known as Epilepsy with Myoclonic-Atonic Seizures
DUBLIN, Aug. 18, 2022 /PRNewswire/ -- Jazz Pharmaceuticals plc (Nasdaq: JAZZ) today announced it has initiated a new Phase 3 trial to investigate the efficacy and safety of Epidiolex® (cannabidiol), known as Epidyolex® in Europe, in children and adolescents with Epilepsy with Myoclonic-Atonic Seizures (EMAS). The randomized, double-blind, placebo-controlled study will investigate EMAS-associated seizure frequency over the 14-week treatment period compared to baseline. The Company's cannabidiol is not currently approved in the United States or European Union for the treatment of EMAS.
EMAS – also known as Myoclonic Astatic Epilepsy (MAE) or Doose Syndrome – is a developmental and epileptic encephalopathy that begins in early childhood. EMAS accounts for between one and two percent of all childhood-onset epilepsies.1 Seizures in children with EMAS are often difficult to treat and may not respond well to medication.2
"Given there are numerous treatment-resistant epilepsy syndromes, epileptologists often look for efficacy by seizure type, most of which have no syndrome-specific approved treatment. An EMAS indication would provide support for the use of Epidiolex in a fourth indication of a distinct, generalized seizure type, myoclonic-atonic seizures," said Rob Iannone, M.D., M.S.C.E., executive vice president, global head of research and development of Jazz Pharmaceuticals. "Jazz is committed to continuing to generate clinical study data and real-world evidence to further support the utility of the Company's cannabidiol across a broad range of difficult-to-treat seizure types."
The Phase 3 pivotal trial GWEP20238 (NCT05288283) will be run in two parts and will enroll children and adolescent participants (ages 1-18) at 30 global sites. Part A will assess efficacy and safety of cannabidiol compared to placebo as an adjunctive treatment for children and adolescents with myoclonic-atonic seizures. Upon completion of Part A, participants will have an option to continue in a 54-week open-label extension (Part B).
The Phase 3 trial was initiated based on preliminary data from our clinical development program, including real-world evidence, that supports cannabidiol as an effective therapy for the treatment of myoclonic-atonic-associated seizures.
EPIDIOLEX®/EPIDYOLEX® (cannabidiol), is a prescription, plant-derived cannabis-based medicine administered as an oral solution which contains highly purified cannabidiol (CBD). Cannabidiol, the active ingredient in EPIDIOLEX, is a cannabinoid that naturally occurs in the Cannabis sativa L. plant. The precise mechanisms by which EPIDIOLEX exerts its anticonvulsant effect in humans are unknown.
For the EU: Please refer to the EPIDYOLEX Summary of Product Characteristics and Full Prescribing Information for details on the therapeutic indications and safety information about this product – which can be found here.
For the UK: Please refer to the EPIDYOLEX Summary of Product Characteristics and Full Prescribing Information for details on the therapeutic indications and safety information about this product – which can be found here.
For the US: Please refer to the EPIDIOLEX Full Prescribing Information for details on therapeutic indications and safety information about this product—which can be found here.
Jazz Pharmaceuticals plc (Nasdaq: JAZZ) is a global biopharmaceutical company whose purpose is to innovate to transform the lives of patients and their families. We are dedicated to developing life-changing medicines for people with serious diseases – often with limited or no therapeutic options. We have a diverse portfolio of marketed medicines and novel product candidates, from early- to late-stage development, in neuroscience and oncology. Within these therapeutic areas, we are identifying new options for patients by actively exploring small molecules and biologics, and through innovative delivery technologies and cannabinoid science. Jazz is headquartered in Dublin, Ireland and has employees around the globe, serving patients in nearly 75 countries. For more information, please visit www.jazzpharmaceuticals.com and follow @JazzPharma on Twitter.
This press release contains forward-looking statements, including, but not limited to, statements related to the potential for Epidiolex as a treatment for people with EMAS and the potential impact on that community and other statements that are not historical facts. These forward-looking statements are based on Jazz Pharmaceuticals' current plans, objectives, estimates, expectations and intentions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties associated with: pharmaceutical product development; the regulatory approval process, and other risks and uncertainties affecting the company and its development programs, including those described from time to time under the caption "Risk Factors" and elsewhere in Jazz Pharmaceuticals plc's Securities and Exchange Commission filings and reports (Commission File No. 001-33500), including Jazz Pharmaceuticals' Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 and future filings and reports by Jazz Pharmaceuticals. Other risks and uncertainties of which Jazz Pharmaceuticals is not currently aware may also affect Jazz Pharmaceuticals' forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated. The forward-looking statements herein are made only as of the date hereof or as of the dates indicated in the forward-looking statements, even if they are subsequently made available by Jazz Pharmaceuticals on its website or otherwise. Jazz Pharmaceuticals undertakes no obligation to update or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made.
Kristin Bhavnani
Head of Global Corporate Communications
Jazz Pharmaceuticals plc
CorporateAffairsMediaInfo@jazzpharma.com
Ireland +353 1 637 2141
U.S. +1 215 867 4948
Andrea N. Flynn, Ph.D.
Vice President, Head, Investor Relations
Jazz Pharmaceuticals plc
investorinfo@jazzpharma.com
Ireland, +353 1 634 3211
U.S. +1 650 496 2717
1 Hinokuma N, Nakashima M, Asai H, et al. Clinical and genetic characteristics of patients with Doose syndrome. Epilepsia Open. 2020; 5: 442-450
2 Kelley SA, Kossoff E. Doose syndrome (myoclonic-astatic epilepsy): 40 years of progress. Developmental Medicine & Child Neurology. 2010; 52:11, 988-993
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SOURCE Jazz Pharmaceuticals plc | https://www.whsv.com/prnewswire/2022/08/18/jazz-pharmaceuticals-announces-initiation-phase-3-trial-evaluating-epidiolexepidyolex-cannabidiol-patients-with-epilepsy-with-myoclonic-atonic-seizures/ | 2022-08-18T12:37:13Z |
SALT LAKE CITY, Aug. 18, 2022 /PRNewswire/ -- Rallying a global company to higher productivity levels than before the pandemic, one CEO says the secret is to overcome fear, live in harmony and believe in one's full potential.
"Coming out of the pandemic building momentum, our company leaders have uncovered key insights from exploring backward to boost productivity going forward," said Kevin Guest, chairman and CEO of USANA Health Sciences (NYSE: USNA). "In that retrospection, we've found a pattern of success borne from a growth mindset that expands our confidence in who we are and what we can become."
Marking USANA's 30th anniversary, Guest shared success insights with several thousand USANA associates from around the world Aug. 17 in Salt Lake City in his keynote address, kicking off the company's 2022 global convention, which continues until Aug. 20 in-person and streaming virtually to attendees in 24 international markets.
"Over the last two years during the pandemic, some people have talked about their fear of failure, but to fuel success, we must overcome fear, and unleash powerful confidence, creativity and lasting connections," said Guest, a deeply principled leader. "What's more, now is the time to live a harmonious life by first knowing who we are, next understanding our values, and finally by applying true health that balances our body, mind, and spirit. That's our path to greater heights."
Author of the bestseller All the Right Reasons: 12 Timeless Principles for Living a Life in Harmony, Guest, who is also a musician who leads a band, helps leaders and employees strengthen company culture through the power of harmonious living actively connecting with others.
"In music, harmony occurs when notes blend in a way that is pleasing to the ear. Whether someone plays in a band, sings in a choir, or performs in an orchestra, there is nothing quite as exhilarating as achieving perfect harmony with fellow musicians," he wrote in All the Right Reasons. "Harmony in music doesn't happen without hours of practice and each individual musician's commitment to getting the music right.
"A life in harmony means a consistent and honest arrangement of personal values and a solid commitment to living those values day in and day out, which is one secret to higher fulfillment and confidence in life and at work."
Studies show confident people collaborate more naturally to achieve goals, which Guest says is a key to success.
"Because no person is an island, I've seen that we accomplish more as we connect with others," he said. "In fact, connections are vital in creating future success, and those who do so consistently are miles ahead on the path to success."
In his book, Guest shares dozens of examples of how making connections with celebrities, such as KISS frontman Gene Simmons to former U.S. President Gerald Ford and comedian Bob Hope, steered his own path from musician to chairman and CEO of a billion-dollar, global company.
"To achieve all you can become, be firm in your destination but flexible in your path," Guest said. "As Pablo Picasso said, 'Whatever you can imagine is real' which means if you believe in something strong enough and have passion, motivation, and desire to make it happen, those dreams can come true. I've seen it over and over."
All the Right Reasons proceeds are directed to feed two million meals to hungry children. Available on Amazon, the book provides 40 meals for each single purchase.
For more information, visit www.kevinguest.com.
MEDIA CONTACT:
Tim Brown, Candid Communications
tim@candidcom.com
801-557-1466
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SOURCE USANA | https://www.whsv.com/prnewswire/2022/08/18/kevin-guest-leads-global-company-out-pandemic-productivity/ | 2022-08-18T12:37:18Z |
Transformative combination creates a new leader to accelerate the mainstream adoption of digital accessibility
ARLINGTON, Va. and TORONTO, Aug. 18, 2022 /PRNewswire/ -- Level Access—the trusted provider of enterprise digital accessibility solutions and eSSENTIAL Accessibility—the pioneer of Accessibility-as-a-Service—jointly announced today the completion of their merger. The two companies will combine to create a premier platform for end-to-end digital accessibility management, transforming the industry and accelerating the adoption of digital accessibility.
"We're thrilled to join forces with eSSENTIAL Accessibility and define the future of digital accessibility as it becomes a mainstream priority for more organizations," said Tim Springer, Founder and CEO of Level Access, named CEO of the combined company. "With this merger, we will accelerate our pace of innovation, delivering a powerful new solution that will help organizations achieve and maintain digital accessibility, and will scale with them over time."
"In our digitally driven world, online engagement is more important than ever, making equal access to digital experiences a fundamental human right," said Mark Steele, Co-Founder and CEO of eSSENTIAL Accessibility. Steele has been named President of the combined company. "For this reason, more organizations are committing to, and investing in digital accessibility. And whether they've never prioritized it, or have struggled with sustainable results, our combined company will provide the premier solution to support a long-term accessibility program."
People with disabilities make up the world's largest minority group, representing more than one billion people globally. Digital accessibility supports an organization's commitment to inclusion, as well as its compliance with anti-discrimination laws. Globally, an increasing number of laws and regulations have been enacted or applied to the enforcement of digital accessibility. In the United States the Americans with Disabilities Act (ADA) is often applied to websites, mobile apps, and other digital experiences. An ever-increasing number of lawsuits and ADA legal demand letters are being sent to organizations that do not comply.
For these reasons, enterprises are now incorporating digital accessibility as part of their Governance, Reporting and Compliance (GRC) initiatives and Environmental, Social and Governance (ESG) commitments. The newly combined company will be perfectly positioned to support this shift in prioritization.
"Changing market trends have driven digital accessibility to the mainstream. Our investment in the combined Level Access and eSSENTIAL Accessibility is based on this sector's strong growth prospects and the opportunity we believe this talented team has to meet customer demand through an enterprise-grade solution," said Ben Pederson, Director on the technology growth team at KKR, the lead investor in the merged organization.
eSSENTIAL Accessibility's and Level Access's largest outside investors KKR and JMI Equity, respectively, will continue to support the growth of the combined company. KKR's investment is through its technology growth fund.
To read more about the strategic merger, visit https://www.levelaccess.com/essential-accessibility-and-level-access-finalize-merger and https://www.essentialaccessibility.com/blog/essential-accessibility-and-level-access-finalize-merger.
Level Access has an unparalleled history in helping customers achieve and maintain compliance with the full scope of accessible technology regulations and standards including the ADA, WCAG, CVAA, AODA, EU directives on digital accessibility, and Section 508. Delivered through a comprehensive suite of software, consulting services, and training solutions, the company's solutions ensure customer's web, desktop, mobile, and electronic document systems are accessible to everyone. Level Access is endorsed by the American Banking Association, is a multi-year repeat winner on the Inc. 5000 list of fast-growing companies and is the only available FedRAMP authorized accessibility management platform. CEO Tim Springer was named a White House "Champion of Change" in 2014. Learn more at www.levelaccess.com.
eSSENTIAL Accessibility is the smarter way to digital accessibility and legal compliance. As the leading Accessibility-as-a-Service platform, it enables brands to empower people by helping them deliver inclusive web, mobile, and product experiences that comply with global regulations and ensure that people of all abilities have equal access. Learn more at www.essentialaccessibility.com.
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 170 businesses in its target markets, successfully completed over 110 exits, and raised more than $6 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com.
Coleman Pyeatt
anthonyBarnum Public Relations
coleman.pyeatt@anthonybarnum.com
214.797.9848 mobile
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SOURCE Level Access; eSSENTIAL Accessibility | https://www.whsv.com/prnewswire/2022/08/18/level-access-essential-accessibility-complete-merger/ | 2022-08-18T12:37:25Z |
VANCOUVER, BC, Aug. 18, 2022 /PRNewswire/ - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company") is pleased to report additional results from its recent definition and expansion drilling program at the Las Conchitas area on its wholly-owned San Albino-Murra property. The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production, and north of the historical El Golfo Mine located within the Company's El Jicaro Concession.
Las Conchitas contains numerous mineralized structures over a 1,700m by 800m area, which has been subdivided into three primary areas: Las Conchitas north ("LC-North"), Las Conchitas central ("LC-Central") and Las Conchitas south ("LC-South").
- 85.10 g/t Au and 153.0 g/t Ag over 1.30m (0.8 m ETW)
- 16.40 g/t Au and 13.1 g/t Ag over 1.00m (0.9 ETW)
- 12.80 g/t Au and 8.2 g/t Ag over 1.10m (ETW) – additional zone
Akiba Leisman, CEO of Mako states, "Las Conchitas Central has thus far received the least amount of drilling since inception, but in this area, we are still finding similar high grade, shallow dipping, auriferous veins as we have throughout our 188 km2 land package. The importance of LC22-813 is that not only did it intersect 85.1 g/t Au over minable widths, but it was able to connect two zones previously interpreted as separate. Now we have nearly 300m of strike delineated at Mina Bonanza – Cruz Grande, and open along strike and down dip. Additionally, LC22-818 has confirmed an unusually thick part of this zone 68 meters from surface. Results from this hole will be received over the course of the next few weeks."
The Las Conchitas area covers approximately 3.75 km2 which hosts multiple subparallel, shallow, northeast-southwest striking and gently dipping mineralized veins, with stylolitic and/or brecciated textures which often contain visible gold. The Company is planning to continue drilling the area with five of the seven diamond drill rigs on site with the objective of further expansion of the mineralized structures in all three areas in preparation for a maiden resource by Q1 2023.
To date, the drilling program at Las Conchitas has focused on two high priority targets, Las Conchitas North and South; however, no systematic exploration had been conducted in the Central part of Las Conchitas area until recently. During the 2018 drilling campaign at the LC-Central area, 19 drill holes, totaling 824.5m were completed and confirmed two high grade gold bearing structures, Mina Bonanza and Cruz Grande, which were interpreted to be separate structures, located on opposite sides of a ridge. Until recently there had been no drill testing of the gap between the zones.
In May 2022, Mako initiated a drilling program to systematically test this gap. The Company has completed 18 drill holes totaling 2,227.5m confirming that these two zones have continuity within the previously interpreted gap. Drill hole LC22-813 intersected 85.10 g/t Au and 153.0 g/t Ag over 1.30m (0.8m ETW), at a vertical depth of 51.0m, connecting two zones that were previously separate and confirming continuity along strike over 295.0m (see attached longitudinal section). An additional hole, LC22-804 targeting the same gap, intersected 19.40 g/t Au and 64.2 g/t Ag over 0.90m (0.8m ETW) (see press release dated July 28, 2022 and table below).
Drill hole LC22-803 intersected 16.40 g/t Au and 13.1 g/t Ag over 1.00m (0.9m ETW), starting at vertical depth of 71.9m, confirming a 55.0m down dip extension of the high-grade mineralization previously intersected in hole CG18-25 which graded 11.31 g/t Au and 12.2 g/t Ag over 4.15m (see press release dated December 05, 2018). The same drill hole intersected three additional mineralized intervals (see table below), currently interpreted as quartz vein splays, including 13.00 g/t Au and 6.9 g/t Ag over 0.60m (0.5m ETW) indicating further untested potential within the area.
In addition, the Company has received results from drill hole LC22-804, which intersected 12.80 g/t Au and 8.2 g/t Ag over 1.10m (ETW) at a vertical depth of 6.3m from surface. This mineralized structure, which lies above the Cruz Grande zone (see attached drill plan and longitudinal section), was originally discovered in 2017, during sampling of surface exposures at the Cruz Grande area where a vertical sample in trench SAM17-TR17 returned 13.20 g/t Au and 8.5 g/t Ag over 1.20m. This drill hole confirmed a 21.0m down dip extension of a high grade, near surface mineralization warranting additional drilling to better define the continuity of the zone.
Drill hole LC22-818 (results pending), intersected a 7.5m wide mineralized interval, starting at a vertical depth of 68.0m. The interval contains two mineralized quartz veins with similar minerology as in a hole CG18-24, including the presence of visible gold, collared 82m up-dip (see attached drill plan), which intersected an interval of 23.63 g/t Au and 25.1 g/t Ag over 5.65m (see press release dated December 8, 2018). Results for LC22-818 are expected in early September.
Drill core was continuously sampled from inception to termination of the entire drill hole. Sample intervals were typically one meter with a minimum sample width of 50 cm. Drill core diameter was HQ (6.35 centimeters). Geologic and geotechnical data was captured into a digital database, core was photographed, then one-half split of the core was collected for analysis and one-half was retained in the core library.
Samples were kept in a secured logging and storage facility until such time that they were delivered to the Managua facilities of Bureau Veritas and pulps were sent to the Bureau Veritas laboratory in Vancouver for analysis. Gold was analyzed by standard fire assay fusion, 30-gram aliquot, AAS finish. Samples returning over 10.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric method. The Company follows industry standards in its QA&QC procedures. Control samples consisting of duplicates, standards, and blanks were inserted into the sample stream at a ratio of 1 control sample per every 10 samples. Analytical results of control samples confirmed reliability of the assay data. No top cut has been applied to the reported assay results.
John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this press release. Mr. Kowalchuk is a senior geologist and a consultant to the Company.
On behalf of the Board,
Akiba Leisman
Chief Executive Officer
Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally. Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.
Statements contained herein that are not historical fact are considered "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is based on management's current expectations, beliefs and assumptions, and includes, without limitation: the objectives of the drilling campaign; the results from hole LC22-818 will be received over the course of the next few weeks; the plan to continue drilling the Las Conchitas area with five of the seven diamond drill rigs on site with the objective of further expansion of the mineralized structures in all three areas in preparation for a maiden resource by Q1 2023; results for LC22-818 are expected in early September; the expectation of additional discoveries; and that the Company meets its object of operating San Albino profitably while continuing to fund exploration of prospective targets. Such forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking information, including, without limitation, the risks that additional satisfactory exploration results will not be obtained the risk that the Company will not release additional exploration results on the timeline expected; the risk that additional discoveries will not continue; that exploration results will not translate into the discovery of an economically viable deposit; risks and uncertainties relating to political risks involving the Company's exploration and development of mineral properties interests; the inherent uncertainty of cost estimates and the potential for unexpected costs and expense; commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties disclosed in the Company's public filings at www.sedar.com. Forward-looking information contained herein is based on management's best judgment as of the date hereof, based on information currently available and is included for the purposes of providing investors with the Company's plans and expectations at the Las Conchitas area, and may not be appropriate for other purposes.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
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SOURCE Mako Mining Corp. | https://www.whsv.com/prnewswire/2022/08/18/mako-mining-intersects-8510-gt-au-1530-gt-ag-over-08-m-estimated-true-width-las-conchitas-central-connecting-mina-bonanza-cruz-grande-expanding-known-strike-length-over-295m-this-zone/ | 2022-08-18T12:37:32Z |
BOCA RATON, Fla., Aug. 18, 2022 /PRNewswire/ -- AE Industrial Partners, LP ("AEI"), a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets, announced today that Marc Duvall, a seasoned executive with decades of operating experience throughout the aerospace supply chain, has joined the firm as an Operating Partner, effective immediately.
"We are excited for Marc to join our talented team of operating partners and leverage his deep experience across our target markets," said David Rowe, Managing Partner of AEI. "Marc's strong knowledge of the aerospace supply chain combined with his proven operating track record will allow him to contribute significantly to a variety of value creation initiatives throughout our growing portfolio."
Mr. Duvall brings more than 40 years of experience with leading aerospace OEMs, having most recently served as President of the Aerostructures division of Collins Aerospace / Raytheon Technologies (formerly Goodrich Aerostructures), which designs, manufactures and services aircraft engine nacelles, thrust reverser systems and aircraft structural components. Prior to this role, he served as President of the Engine Control and Electric Power Systems Division of Goodrich Corporation, and previously held a variety of leadership roles at Honeywell and Allied Signal. Mr. Duvall holds an MBA and BSE from Arizona State University.
"AEI is a proven investor with a differentiated approach to building strategic platforms within the aerospace, defense and space markets, all sectors that I have been dedicated to for decades," said Mr. Duvall. "I look forward to working closely with AEI's investment team and portfolio companies to help define winning strategies, optimize business performance and drive value throughout the portfolio."
About AE Industrial Partners
AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative. Learn more at www.aeroequity.com.
Media Contacts:
Lambert
Jennifer Hurson
jhurson@lambert.com
845.507.0571
Or
Beth Wiegard
bwiegard@lambert.com
954.494.8261
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SOURCE AE Industrial Partners | https://www.whsv.com/prnewswire/2022/08/18/marc-duvall-longtime-aerospace-industry-executive-joins-ae-industrial-partners-an-operating-partner/ | 2022-08-18T12:37:38Z |
MediaTek's latest Pentonic chipset combines industry-leading image enhancements with gaming optimizations for incredible streaming experiences
HSINCHU, Aug. 18, 2022 /PRNewswire/ -- MediaTek today announced the Pentonic 700, a smart TV system-on-chip (SoC) with a powerful AI processing engine for premium 120Hz 4K TVs. With AI-powered picture quality enhancements, support for Dolby Vision IQ with Precision Detail, integrated 4K120 MEMC and TCON, and gaming optimizations, the Pentonic 700 lets global TV brands elevate the all-around viewing experience for consumers.
"MediaTek's Pentonic series brings more intelligence to smart TVs with a host of AI-powered picture quality enhancements," said Alex Chen, General Manager of the TV Business Unit at MediaTek. "Smart TV brands can count on Pentonic 700 to deliver incredible experiences whether consumers are watching videos or sports, gaming, or using their TV as a control center for their other smart devices."
The Pentonic 700's integrated AI processing unit (APU) supports MediaTek's AI-Super Resolution, AI-Picture Quality (AI-PQ) Scene Recognition and AI-PQ Object Recognition technologies for advanced edge smoothing and detail reconstruction. Dolby Vision IQ with Precision Detail further improves picture quality by improving the contrast in bright and dark spots for crisp, sharp imagery.
Smart TVs powered by the Pentonic 700 can display content from different sources on the TV screen with Picture-by-Picture (PBP) and Picture-in-Picture (PIP) support with PQ enhancement. At home, this technology allows users to stream different sporting events at the same time or video chat with friends and family while watching content together. In the office, these capabilities provide more video conferencing options and allow TVs to display different content streams at the same time.
While Pentonic 700 is designed for 120Hz smart TVs, the chipset also supports variable refresh rate (VRR) up to 144Hz to give brands the ability to customize TVs for gaming applications so players can enjoy games without screen tearing and stuttering. Other optimizations for gameplay include HDMI 2.1 Auto Low Latency Mode (ALLM) to minimize display lag and Dolby Atmos' technology for immersive sound.
The key specs of the MediaTek Pentonic 700 include:
- Resolution support up to 4K at 120Hz and capable of VRR up to 4K at 144Hz for gaming applications.
- Dolby Vision IQ with Precision Detail for improved detail with added texture and depth.
- HDR10+ Adaptive technology to offer optimal viewing experiences based on a room's lighting conditions.
- MediaTek's AI-PQ Scene Recognition 2.0 to automatically optimize picture quality settings.
- MediaTek's AI-PQ Object Recognition 2.5 to enhance the depth of view by applying different sharpness, contrast and color between the foreground and background.
- Built-in hardware video decoding engine supporting HEVC, AV1 and AVS3 standards, along with the latest VVC (H.266) standard, for broadcasters and streaming providers' latest requirements.
- MediaTek's AI-Super Resolution 2.0 for edge smoothing and detail reconstruction.
- Support for the latest voice assistant features and smart home device management.
The highly integrated design is extremely power-efficient and reduces bill of materials (BOM) costs, while speeding up time to market. Brands can also add on MediaTek's Filogic Wi-Fi 6, Wi-Fi 6E or Wi-Fi 7 wireless connectivity solutions to bring 4K smart TVs ultra-fast, reliable connectivity with low latency for the best streaming and cloud gaming experiences.
The Pentonic 700 is slated to power mainstream 4K smart TVs as part of MediaTek's broader Pentonic chipset family. With the introduction of this newest chipset, the Pentonic series offers brands a full range of options for premium, high-end and mass market TVs to meet different market needs. Smart TVs powered by Pentonic 700 are expected to be released in Q4 2022.
For more information about MediaTek's Pentonic smart TV platforms, please visit: https://www.mediatek.com/products/smart-home/digital-tv
About MediaTek Inc.
MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables nearly 2 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, Voice Assistant Devices (VAD) and wearables. MediaTek empowers and inspires people to expand their horizons and achieve their goals through smart technology, more easily and efficiently than ever before. We work with the brands you love to make great technology accessible to everyone, and it drives everything we do. Visit www.mediatek.com for more information.
MediaTek Press Office:
PR@mediatek.com
Kevin Keating, MediaTek
+1- 206-321-7295
10188 Telesis Ct #500, San Diego, CA 92121, USA
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SOURCE MediaTek Inc. | https://www.whsv.com/prnewswire/2022/08/18/mediatek-launches-pentonic-700-chipset-premium-120hz-4k-smart-tvs/ | 2022-08-18T12:37:45Z |
ATLANTA, Aug. 18, 2022 /PRNewswire/ -- Odylia Therapeutics, a nonprofit biotechnology company focused on the development of treatments for people living with rare diseases, today announced the appointments of Sharon M. Walker, Ph.D., J.D., and Brian Fenton to its Board of Directors.
"As we continue to expand our focus and build new levels of momentum at Odylia, we are pleased to welcome two new members to our Board of Directors who bring outstanding experience in areas that will play a central role in our success moving forward," said Ashley Winslow, Ph.D., President and Chief Scientific Officer at Odylia. "Sharon and Brian have proven experience in diverse areas including drug discovery and clinical research, rare diseases, corporate development, and intellectual property rights. Each of these areas represent important resources for Odylia and reflect our commitment to advancing new approaches in rare disease drug development that will bring treatments to more patients in the years ahead."
Dr. Walker joins the Board from Sanofi, where she serves as Senior Counsel, Vaccines Patents. She has more than 15 years of experience in intellectual property and other legal matters in the healthcare sector. She earned an A.B. in Chemistry from Bowdoin College, a Ph.D. in Pharmaceutical Chemistry from the University of California, San Francisco, and a J.D. from Suffolk University Law School.
Mr. Fenton has more than 30 years of experience in the biotechnology industry. He previously served as Chief Business Officer at Translate Bio and spent several years working in the rare disease Business Development group at Shire Pharmaceuticals. He has successfully identified, led, and executed multiple strategic transactions during his career in corporate development. He earned his B.A. in Biochemistry from University of Massachusetts, Amherst, a Master's degree in chemical engineering from University of Virginia, and an M.B.A. at Worcester Polytechnic Institute.
"To achieve our goal of advancing a novel and much needed nonprofit model in rare disease drug development, Odylia depends on access to a diverse team of outstanding leaders and innovators, both in science and industry, who can share insights and best practices," said Scott Dorfman, Chief Executive Officer at Odylia and Chairman of the Board. "Sharon and Brian bring exactly the experience that both complements and expands the expertise of our Board and we look forward to working with them and to their many essential contributions to our work."
About Odylia Therapeutics
Odylia is a nonprofit biotech focused on bringing life-altering and lifesaving treatments to those with rare diseases. Our vision is to change how drugs are developed for rare diseases by focusing on the science and patient needs, rather than the commercial potential. We partner with the patient community, researchers, clinicians, and financial donors to bring promising therapeutics to clinical trials. Our programs include preclinical programs in RPGRIP1-associated retinal dystrophies and Usher Syndrome. For additional information, visit odylia.org, and follow us on Twitter and LinkedIn.
Media Contact:
Holly Stevens
Berry & Company Public Relations
212-253-8881
hstevens@berrypr.com
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SOURCE Odylia Therapeutics | https://www.whsv.com/prnewswire/2022/08/18/odylia-therapeutics-announces-appointment-two-new-members-board-directors/ | 2022-08-18T12:37:51Z |
CARMEL, Ind., Aug. 18, 2022 /PRNewswire/ -- Orchard Software and CDR Laboratories have partnered to rapidly implement monkeypox testing. According to the Centers for Disease Control and Prevention, the number of Monkeypox (Orthopoxvirus) cases are on the rise. To mitigate the virus' spread, laboratories must quickly identify the virus and communicate results so that timely treatment and contact tracing can take place.
Miami-based CDR Laboratories is a CLIA and CAP life science laboratory that specializes in molecular diagnostics with a focus on speed of results reporting to enable faster patient care. CDR Labs also provides chemistry, toxicology, and hematology testing. Its collaboration with Orchard enables rapid reporting and response to monkeypox virus test results.
"CDR Labs is proud to respond to the public health emergency to provide a safe, accurate test for identification of Monkeypox," said Sarah M.J. Helber, PhD, HCLD (ABB), Chief Laboratory Officer for CDR Labs. "Our goal is to provide efficient collection and rapid turnaround times for all our patients to curb the spread of this disease. As the first laboratory to collaborate with Orchard on implementing monkeypox testing, I was pleased with how rapidly Orchard was able to configure our LIS to process and report monkeypox results."
"We are excited to partner with CDR Laboratories to facilitate rapid reporting of Monkeypox virus results to help address this public health emergency," said Billie Whitehurst, CEO of Orchard Software. "Our innovative solution provides laboratories with ordering and reporting tools that allow them to play an active part in addressing infectious disease threats."
Orchard Software Corporation is a leader in the laboratory information system industry and offers a variety of solutions. Orchard serves more than 2,000 laboratories across the country, helping them improve efficiency, reduce errors, and enhance integration. Orchard's cloud-based solutions are installed in physician groups and clinics, hospitals, independent reference labs, student health centers, veterinary labs, public health organizations, universities, and retail facilities. For more information regarding Orchard Software Corporation, visit www.orchardsoft.com.
Media Contact:
Steve Hurwitz, Vice President of Marketing
(800) 856-1948 | shurwitz@orchardsoft.com
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SOURCE Orchard Software Corporation | https://www.whsv.com/prnewswire/2022/08/18/orchard-software-announces-monkeypox-testing-cdr-labs/ | 2022-08-18T12:37:57Z |
MENLO PARK, Calif., Aug. 18, 2022 /PRNewswire/ -- Parker Health, an innovative biotechnology company, announced today its partnership with FDB Vela™, a new, cloud-native electronic prescribing (ePrescribing) network that enables the seamless flow of critical medication prescription information, benefits verification, and clinical decision support between prescribers, payers, pharmacies, and other constituents.
Parker Health is an early electronic health record (EHR) participant in the FDB Vela network. The Parker Suite™ Healthcare Management System™ is the first and only Fast Healthcare Interoperability Resources (FHIR)-compliant, full-stack, cloud-based solution that unifies patient-centric data, practitioner engagement, care delivery and outcomes data. The transformative system increases interoperability among patients, providers, payers, researchers, and health systems.
"We're excited to work with the incredible team at FDB Vela to help achieve more patient-centric care and better health outcomes for patients by optimizing the workflows of prescribers using the Parker Suite and by expanding their access to actionable data," said Vincent Lopez, Parker Health founder and CEO. "We're committed to the evolution of healthcare and increasing its accessibility and affordability. We're also committed to improving the experience of prescribers so they can spend less time looking at a screen and more time face-to-face with the patient. FDB Vela is just the right partner to advance that journey."
Chief among the advantages FDB Vela brings to Parker Health is the opportunity to introduce new, innovative ePrescribing tools and capabilities faster to the market due to rapid onboarding and streamlined integration into the FDB Vela network. New user-focused tools for the Parker Suite can gain access to FDB Vela and its services within weeks via a series of advanced APIs built on highly scalable and secure Microsoft® Azure technology.
FDB Vela's full API experience allows Parker Health to control how the Parker Suite Health Management System displays prescription information inside the web and mobile application for prescribers. It also enables Parker Health to automate aspects of prescribing, such as drug lookup and recommendations based on patient condition. This eases the burden on prescribers and staff.
"Forward-thinking EHR developers understand the value of connecting with a neutral and secure ePrescribing network that takes advantage of the latest technology to help optimize their solutions' features and functionality while speeding time to market," said Lathe Bigler, general manager of FDB Vela. "We look forward to supporting Parker Health's existing solutions as well as facilitating the implementation of new ePrescribing tools in Parker Suite to enhance prescriber efficiency while helping patients achieve the best possible outcomes."
The FDB Vela network will provide Parker Suite users with real-time medication eligibility and benefits information, including out-of-pocket spending estimates and will facilitate faster fulfillment of specialty drugs as more specialty pharmacies join the network.
Parker Health's Parker Suite also integrates information from FDB MedKnowledge®, the most widely used drug database in the United States. Connecting with FDB Vela will make it possible for Parker Suite users to share this information, including a broad set of clinically meaningful and actionable patient and medication insights, at the time of prescribing to help improve consumer medication safety and therapeutic efficacy. According to Parker Health, directly integrating with the FDB drug database and with FDB Vela gives patients greater knowledge of their medications plus greater control over their prescriptions and prescription costs.
"Integrating into FDB Vela will benefit prescribers and patients," said Christopher Parker, chief technology officer of Parker Health. "Using trusted information from FDB along with our artificial intelligence-powered clinical decision support capabilities, our system can recommend prescriptions to providers during the encounter based on entered conditions and curated clinical evidence, reducing decision time and increasing consulting time with the patient."
Parker added: "Together, patient and prescriber can also review local pharmacy prices and alternative therapies within the Healthcare Management System or on an Apple or Android mobile device. FDB Vela truly opens a world of opportunities and innovation within ePrescribing for every network participant."
About Parker Health
A Mexican American-founded, and minority-led innovative biotechnology company advancing global healthcare into the next century.
Powered by Parker™, America's first FHIR-compliant full-stack cloud-based Healthcare Management System™ which unifies patient-centric data, practitioner engagement, care delivery and outcomes, and the evolution of healthcare. Our proprietary integrated Electronic Health System (EHR/EMR), Remote Physiological Monitoring (RPM), Remote Fitness Monitoring™ (RFM), Vinny A.I.™, and Diagnostic (Dx) tools provide an interoperable and robust experience for patients, practitioners, payors, researchers, and health systems. We are on a mission to simplify the complexities of healthcare and deliver on the unfulfilled promises of digital health with a compliant, interoperable, accessible, and affordable solution.
To learn more about Parker Health, please visit ourparker.com.
About FDB
FDB (First Databank) creates and delivers the world's most powerful drug knowledge that ignites, inspires, and illuminates critical medication decisions. We collaborate with our partners to help improve patient safety, operational efficiency, and health outcomes. Our drug databases drive healthcare information systems that serve the majority of hospitals, physician practices, pharmacies, payers, and all other areas of healthcare and are used by millions of clinicians, business associates, and patients every day. FDB Vela is a cloud-native electronic prescribing network that enables the seamless flow of critical medication prescription information, benefits verification, and clinical decision support between prescribers, payers, and pharmacies.
To learn more about FDB Vela, please visit fdbvela.com. For a complete look at FDB's other solutions and services, please visit fdbhealth.com, or follow us on Twitter, LinkedIn, and YouTube.
About Hearst Health
The mission of Hearst Health is to help guide the most important care moments by delivering vital information into the hands of everyone who touches a person's health journey. Care guidance from Hearst Health reaches the majority of people in the U.S. The Hearst Health network includes FDB (First Databank), Zynx Health, MCG, Homecare Homebase and MHK. Hearst also holds a minority interest in the precision medicine and oncology analytics company M2Gen. Follow Hearst Health on Twitter @HearstHealth or LinkedIn @Hearst-Health.
Media contact:
Tara Stultz
Amendola Communications
440.225.9595
tstultz@acmarketingpr.com
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SOURCE Parker Health | https://www.whsv.com/prnewswire/2022/08/18/parker-health-partners-with-fdb-vela-eprescribing-network-expand-capabilities-improve-experience-parker-suite-healthcare-management-system-users/ | 2022-08-18T12:38:03Z |
ROBBINSVILLE, N.J., Aug. 18, 2022 /PRNewswire/ -- NorthStar VETS veterinary emergency and specialty veterinary hospital in New Jersey is issuing a warning to people in the area with pets. Over the past several months-to-years, there has been a marked increase in the number of Parvovirus cases treated at critical care hospitals across the country.
Deborah Mara, VMD, a veterinarian on the Emergency and Critical Care team at NorthStar VETS, along with Sarah Burns, R.T. (MR) (ARRT), Certified Veterinary Technician, made the following statement, "We want pet parents to be aware that untreated Parvovirus has a fatality rate of more than ninety percent, and to consider vaccinating their at-risk pets to prevent spread of this highly contagious disease. Vaccination can be performed by their regular veterinarian." Learn more about Parvovirus
Steven Berkowitz, DVM, DACVECC, a Critical Care specialist at NorthStar VETS, added, "It's possible that we're seeing a more virulent and/or debilitating strain in the United States, but this particular virus is easy to prevent with vaccinations, which are extremely effective in preventing the progression and dissemination of the virus." Dr. Berkowitz also included that, "Parvovirus can remain on surfaces for up to six weeks, so cleaning surfaces with which pets come into contact is equally important, and positive cases should be isolated from all unvaccinated or at-risk dogs."
- Canine Parvovirus type 2 (CPV-2) is a highly contagious gastrointestinal virus that commonly affects younger dogs, but can affect dogs of any age.
- The virus is spread through direct dog-to-dog contact or indirect contact through the environment and/or people.
- There is no cure for this fatal disease, but an effective vaccine for CPV-2 has been developed and is widely available.
- Due to the severity of the disease, many dogs are hospitalized for three-to-seven days in the Intensive Care Isolation Unit.
- Contact your regular veterinarian to see if they recommend the Parvovirus vaccine for your pet.
- Vomiting
- Bloody diarrhea
- Loss of appetite
- Abdominal pain
- Lethargy
Located in Robbinsville, NJ, NorthStar VETS is the region's leader in providing advanced veterinary services by board-certified, residency trained, or highly experienced veterinarians 24/7. As an American Animal Hospital-Accredited (AAHA) Referral Practice, NorthStar VETS continues to set the standard in medical excellence for dogs, cats, birds, exotics, and other family pets. www.northstarvets.com
CONTACT:
Phillip Barnes
pbarnes@northstarvets.com
6092231513
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SOURCE NorthStar VETS | https://www.whsv.com/prnewswire/2022/08/18/parvovirus-spike-threatens-area-pets-nj-veterinary-hospital-issues-warning/ | 2022-08-18T12:38:09Z |
PORTLAND, Ore., Aug. 18, 2022 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW) (the "Company"), a leading provider of innovative video and display processing solutions, today announced that it entered into an Equity Transfer Agreement with a group of private equity investors based in China ("Purchasers") for a portion of the Company's equity interest in its majority owned subsidiary, Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. ("PWSH"). Collectively, the Purchasers have agreed to pay amounts in RMB equivalent to approximately $12.9 million USD in exchange for a minority equity interest of 2.73% in PWSH. The purchase price values PWSH at RMB 3.2 billion or approximately $471.5 million USD. Following the closing of the transaction, which is expected in September of 2022, Pixelworks will continue to hold an 80.87% equity interest in its PWSH subsidiary.
President and CEO of Pixelworks, Todd DeBonis, commented, "As demonstrated by this transaction representing nearly 2x the valuation of the previous investment round in August 2021, there is significant interest in both our visual processing technology and the growing market opportunity for our PWSH subsidiary. We believe this strategic investment by established private equity investors in China will serve to further support PWSH's momentum with an expanding number of mobile OEM customers and ecosystem partners in Asia."
Further details about the transaction are available in the Form 8-K filed by the Company today with Securities and Exchange Commission.
About Pixelworks
Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has a 20-year history of delivering image processing innovation to leading providers of consumer electronics, professional displays, and video streaming services. For more information, please visit the company's web site at www.pixelworks.com.
Note: Pixelworks and the Pixelworks logo are trademarks of Pixelworks, Inc.
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SOURCE Pixelworks, Inc. | https://www.whsv.com/prnewswire/2022/08/18/pixelworks-announces-strategic-investment-shanghai-subsidiary/ | 2022-08-18T12:38:16Z |
The biannual event returns to Las Vegas with expanded schedule, new partnerships and the debut of MJU Venture Summit
LAS VEGAS, Aug. 18, 2022 /PRNewswire/ -- MJ Unpacked, the first national event created exclusively for cannabis CPG brands, retail executives and accredited investors actively investing in cannabis, announced the speaker lineup and event programming for Sept. 28-30 at the MGM Grand in Las Vegas.
Over the course of three days, guests will have the opportunity to connect and collaborate with industry peers and investors from across the nation to gain insight into new markets, meet new distributors, and strike new licensing deals. In addition to speaker sessions, breakouts and networking, this year's Las Vegas event will also feature new integrations, including the Clio Cannabis Awards and the first-ever MJU Venture Summit, featuring top thought leaders in the cannabis industry.
Highlights of the event include:
- MJU Venture Summit, Sept. 28 – The inaugural MJU Venture Summit is a highly curated half-day event exclusively for venture fund managers, family office executives, and UHNW individuals actively investing in the cannabis industry. The Venture Summit will kick off at noon on Wednesday with a hosted lunch and networking, followed by high-level relevant discussions for the investor set in the cannabis space. Speakers from Verano, Terrapin Care Station, Cowen & Co, the Canadian Stock Exchange, American Trade Association for Cannabis and Hemp (ATACH), the US Cannabis Council, Poseidon Investment Management, Merida Capital Holdings, and BDSA will headline sessions focused on investor-relevant topics, including utilizing public market capital, the latest updates for federal reform, global markets reports, and an exits panel. Investors are required to register for MJ Unpacked and meet the event's registration requirements to access the MJU Venture Summit. The program will close with a champagne networking session before feeding into the Brand Experience Hall opening reception.
- Brand Experience Hall, Sept. 29-30 – The Brand Experience Hall will open Wednesday evening with a cocktail reception and remain open for business through Friday. Expect to preview some of the most innovative and successful brands including Wana Brands, Body and Mind, Kosmik Brands, Toast, City Trees, Weekenders Cannabis, Slang Worldwide and more from every adult-use market in the United States. MJ Unpacked's Brand Experience Hall provides exhibitors unparalleled opportunities to showcase their products and connect with retailers and potential license partners to expand their footprint nationwide.
- Money Stage, Sept. 29-30 – On Thursday and Friday, the Money Stage will present opportunities to pitch a panel of venture capitalists and an audience of accredited investors for a chance to receive funding and the MJ Unpacked Pitch Reward of $5,000.
- Speaker Sessions, Sept. 29-30 – Over 40 of the most high-profile names across cannabis brands, MSOs and tastemakers, as well as several industry executives and policymakers, will convene on Thursday and Friday to provide timely and comprehensive insights on the current and future state of cannabis regulations, best practices for building and expanding brands, solutions to market challenges, and more. Featured speakers include:
- Clio Cannabis Awards, Sept. 29 – In partnership with Clio, the premier international awards competition for the creative business, MJ Unpacked presents the Clio Cannabis Awards at the MGM Grand. The awards will celebrate the boundary-pushing creators at the forefront of cannabis marketing and communications and will honor the most creative cannabis work of the year. The event begins at 6:00 pm and requires a separate ticket.
- MJ Unpacked Social Impact Scholarship in partnership with Our Academy and Minorities for Medical Marijuana – MJ Unpacked is proud to partner with Our Academy & Minorities for Medical Marijuana to create the MJ Unpacked Social Impact Scholarship. Companies interested in sponsoring will provide a critical opportunity for BIPOC-owned and social equity brands to bring their products to market and engage the investment community exclusively at MJ Unpacked. Sponsors will receive four passes to MJ Unpacked and promotion on signage, website, and email, plus an online profile in the MJU app for appointment scheduling, direct messaging with attendees, and lead generation. To get involved, please visit https://mjunpacked.com/equity-scholarship/.
In addition to the above efforts, MJ Unpacked will donate 5% of the Las Vegas event's registration revenue to Americans For Safe Access, Last Prisoner Project, Minorities for Medical Marijuana and Weed For Warriors Project.
"Our team can't wait to bring MJ Unpacked back to Las Vegas for this one-of-a-kind gathering of cannabis retailers, THC CPG brands and investors," said George Jage, co-founder and CEO of MJ Unpacked. "The synergy we're able to create between industry peers is unparalleled, and we're looking forward to creating unique opportunities and a successful show for all."
The Las Vegas event comes on the heels of the hugely successful MJ Unpacked New York City event in May, in which there were over 2,500 attendees across every sector of the cannabis industry, including distinguished speakers, CEOs, brand builders and policymakers.
MJ Unpacked is made possible with support from strategic sponsors CannabisBPO, Clio Cannabis Awards, and The Flower Agency, as well as industry sponsors, including the title sponsor, BDSA, and more:
For more information on attending brands, speaker lineup, registration, equity sponsorship, sponsors, and more, please visit MJ Unpacked's website and Instagram at @mjunpacked.
All it takes is a spark. MJ Unpacked is the first cannabis event of its kind that places passionate cannabis retailers, THC CPG brands and investors together to drive the future of the industry, determine the next stage of market growth and deliver a true return on investment. The event, founded by George Jage, former president of MJBizDaily/MJBizCon and CEO of Dope Media, and Kim Jage, former EVP and CMO of World Tea Media, creates unique opportunities for executives to learn from fellow professionals, explore expansion opportunities and prepare to be competitive in a national market. Launched in 2021 and held biannually in Las Vegas and New York City, MJ Unpacked features over 100 nationally-recognized cannabis brands alongside impressive speaker panels and an invite-only Venture Summit. For more information, visit mjunpacked.com and jagemedia.com and follow on Instagram and Twitter.
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SOURCE MJ Unpacked | https://www.whsv.com/prnewswire/2022/08/18/premier-cannabis-event-mj-unpacked-releases-speaker-lineup-new-features-las-vegas-show/ | 2022-08-18T12:38:22Z |
CLAYMONT, Del., Aug. 18, 2022 /PRNewswire/ -- PushPress, Inc., a trailblazing fitness studio management software company, announced it has successfully raised $11 million in Series A funding led by Altos Ventures, with participation from Mucker Capital.
Founded in 2013, PushPress is on a mission to make gym management the easiest part of running a fitness business through innovative integrations and key products like Core, Grow, and Train. Built on an ethos of "help first," PushPress places an exceptional focus on prioritizing client needs, listening to feedback, and using it as the impetus for new and innovative products.
The team is comprised of software professionals who recognized a significant gap in the software market and opened fitness businesses to better understand the landscape.
The Series A funding will allow PushPress to enhance its ability to solve clients' pain points, in what the company's founder, Dan Uyemura now refers to as, "Help first, bigger and faster." This pivotal milestone for the company means PushPress can improve client education and ultimately help clients run better fitness businesses.
"These funds will allow us to invest a tremendous amount of money into helping our clients," said Uyemura. "It gives us the opportunity to continue building better products, faster and more consistently."
Specifically, PushPress will focus on improving automated lead engagement with PushPress Grow, increasing community management with PushPress Core, expanding workout tracking and delivery with PushPress Train, and developing integrations with other leading applications to help fitness business owners access the best solutions in the industry.
PushPress is also excited to continue further development of its artificial intelligence product, Pressly™️, which it announced in March at the company's PowerUp Event. Pressly™️ will help fitness businesses access and leverage powerful data, as well as automate many of the executable tasks to drive businesses toward greater success.
Uyemura believes the foundation is strong and the future is full of potential.
"This funding is a testament to the incredible team and world-class products at PushPress," added Uyemura. "Despite this challenging economic environment, where others are cutting back on investments, we are able to double down for the benefit of our clients and make the future of fitness business ownership even better. I'm grateful to Altos for understanding and supporting our vision."
"With an authentic founding story and deep empathy for their customers, Dan and the PushPress team have built the best-in-class gym management software solution that empowers gym owners to better run their businesses," said Tae Yoon, Partner at Altos Ventures. "We are excited to support PushPress in uplifting gym owners and the entire fitness industry."
Mucker Capital Co-Founder and Partner, William Hsu added, "When we first evaluated PushPress, the passion they had for their customers really stood out. Upon interviewing hundreds of their clients, we found that PushPress had one of the highest customer satisfaction rates and advocacy of any company we've seen in the SMB software space."
For more information on the innovative ways PushPress is advancing its products and services, contact marketing@pushpress.com.
Founded in 2013, PushPress is a next-generation boutique fitness management platform helping fitness business owners systemize, automate, and grow their businesses. PushPress has held true to its mission of being a champion for the fitness business owner, even before it became trendy. With a collective 50+ years of gym ownership on the team, PushPress understands the clients and space that they serve.
Founded in 1996, Altos Ventures is a technology investment firm based in Silicon Valley. Through patient and pragmatic investing, Altos partners with early to growth stage technology companies operating in consumer and enterprise sectors, with the goal of building durable and compounding businesses over decades. As a registered investment advisor (RIA) with the SEC, Altos has a uniquely flexible, long-term, and concentrated approach to venture capital, supporting the full lifecycle of companies from inception to global growth and profitability. Altos has supported close to 200 companies around the world over its quarter-century history. For more info, please refer to www.altos.vc.
Founded in Santa Monica, CA in 2011, Mucker Capital provides Pre-Seed, Seed, and Series A capital and support for startups in Southern California and in other, similarly underfunded ecosystems outside Silicon Valley.
Contact: marketing@pushpress.com
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SOURCE PushPress, Inc | https://www.whsv.com/prnewswire/2022/08/18/pushpress-secures-11-million-series-funding-led-by-altos-ventures/ | 2022-08-18T12:38:29Z |
JLL's Future of Work Survey shows that while hybrid work is here to stay, the office remains critical to business operations
CHICAGO, Aug. 18, 2022 /PRNewswire/ -- As businesses continue to evolve their workplaces to best meet the needs of their employees, JLL's (NYSE: JLL) global Future of Work Survey finds that 72% of decision makers believe the office is critical to doing business. The research shows that over the next several years companies anticipate hybrid work to become the dominant model and will be looking across their real estate portfolios to re-think their office spaces, invest in new technology and prioritize sustainability.
"The next three years will prove to be an inflection point for real estate as businesses plot their future path and rethink the purpose of their portfolio," said Dr. Marie Puybaraud, Global Head of Research, JLL Work Dynamics. "The changes accelerated by the pandemic represent an opportunity to pause, think about a long-term real estate strategy and how it aligns with future business priorities."
Rethinking the office layout to accommodate hybrid working in the long-term
The mass adoption of hybrid work will have a lasting impact, with 77% of CRE leaders agreeing that offering remote or hybrid working will be critical to attracting and retaining talent in the future. As the trend toward dynamic working will continue, successfully operationalizing hybrid working will be the most important strategic priority for commercial real estate (CRE) executives over the next three years. This includes exploring flexible space options, with 43% of companies planning to accelerate investment in flexible space between now and 2025, and 51% saying they will lease flexible space through a third-party provider.
"As the office finds a new purpose post-pandemic as a destination for collaboration in employees' hybrid workstyles, occupiers will need to continue increasing their investments in creative spaces," said Cynthia Kantor, Chief Client Value & Growth Officer, JLL Work Dynamics. "Enhancing socialization, especially among a large, often geographically dispersed, workforce will be critical to future talent strategies, as the office accelerates its role as the innovation hub of the work ecosystem."
Forty-five percent of organizations consider collaboration to be one of the primary purposes of office space and 73% have planned or are planning to make all office spaces open and collaborative, with no dedicated desk spaces. Many companies are also investing in spaces that support new workforce priorities around health and wellbeing.
Environmental and social aspirations will shape future portfolio transformation
As organizations face ever increasing pressure to deliver clear outcomes in the race to net zero and create social value through real estate, 77% say investing in quality space is a priority. With green strategies having a direct impact on real estate decisions, 74% say they are likely to pay a premium for green credentials; further, more than half of occupiers (56%) plan to do so by 2025.
However, stakeholder aspirations are not solely environmental, with nearly 8 out of 10 companies saying their employees expect their workplaces to have a positive impact on society. This means increasing investment in social considerations will be equally as important as funding environmental objectives. With diversity, inclusion and wellbeing now falling high on the corporate agenda, companies are underpinning these objectives with further investment and resources. Seventy-nine percent of respondents agree that their organizations are acting today to make the workplace more inclusive and diverse for all employees.
Investing in technology investments to boost workplace performance and productivity
Technology and data will be critical foundations in the future of successful real estate operations, but the gap that needs to be filled is immense. Only 13% of CRE executives say they are collecting data on an ongoing or real-time basis using advanced analytics. With the transformative power of technology to shape the dynamic workplace, companies are focused on ramping up investments in intelligent solutions to unlock new opportunities for boosting workforce performance and productivity.
The research finds a clear roadmap for CRE technology shaped around 15 anchor technologies, including workplace apps, remote working technology and virtual reality.1 As organizations plan future investments, CRE leaders are focused on key strategic areas like sustainability and employee wellbeing. By 2025, most companies (78%) plan to have incorporated over ten of the anchor technologies in their operations, and 40% plan to incorporate all 15.
Real estate needs are becoming more sophisticated and complex
To respond to the complex range of future of work challenges, CRE leaders will focus more on harnessing specialist skills to achieve their strategic objectives. Seventy-five percent of leading CRE functions anticipate greater reliance on external partners, with the two top areas for outsourcing growth expected to be health and wellbeing services (44%) and sustainability strategy (44%). Further, as technology becomes a crucial platform to boost performance levels on all fronts, 43% say they will need more outsourcing support for CRE technology solutions over the next three years.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Connect with us
https://www.linkedin.com/company/jll
https://www.facebook.com/jll
https://twitter.com/jll
Contact: Gayle Kantro
Phone: + 1 312 228 2795
Email: Gayle.Kantro@jll.com
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SOURCE JLL | https://www.whsv.com/prnewswire/2022/08/18/real-estate-critical-juncture-embrace-dynamic-workplaces/ | 2022-08-18T12:38:36Z |
BOSTON, Aug. 18, 2022 /PRNewswire/ -- While 2022 continues to add to the challenges electric vehicle (EV) makers face, markets are still growing. Indeed, electric car sales for the first half of 2022 reached ~3.5 million, according to IDTechEx research.
To learn more, the new IDTechEx report, "Electric Cars 2023-2043", provides a deep dive into future automotive markets with granular forecasts. Regional coverage includes the US, China, Norway, the UK, France, Germany, the Netherlands, Denmark, and RoW. Technology coverage includes battery-electric (BEV), hybrid (PHEV & HEV), and fuel cell (FCEV) cars; autonomous vehicles (L2, L3, L4); Li-ion batteries (NMC, NCA, LFP, silicon, solid-state); electric motors (PM, WRSM, ACIM, Axial-flux, In-wheel); power electronics (SiC, Si IGBT) and more.
In recent years, IDTechEx has underestimated the growth of electric car markets in the face of uncertainty from global events and changes (often U-turns) to government policy. In the following article, IDTechEx outlines recent developments in key markets and discusses the corresponding impact on forecasts.
US
Since the Biden administration has come to power, the US has seen much greater support for electrification. In 2021, a 50% by 2030 electric vehicle target (new sales) was introduced; volumetrically, the target is the largest in the world (for an individual country) and would represent 7-8 million annual sales using today's figures. In addition, new emissions standards are to be introduced from 2023: average carbon emissions from cars and light trucks will decline from ~224g CO2 per km to ~161g CO2 per km in 2026. The new standards bring the US more in line with Europe and, for the first time, will be national, not determined by individual states.
Moreover, in August 2022, plans to modernize the EV federal tax credit, first introduced in 2009, have narrowly been passed. The update is included in the broader 'inflation reduction act' and was enabled by a U-turn from one senator. It will make a tax rebate of up to US$7500 per EV available to market leaders such as Tesla and GM for the first time in years. IDTechEx forecasts for the US market have greatly increased since 2019 (today's forecast is ~80% greater by 2035), reflecting some of these policy changes. The key difficulty is now not targets and commitments but ensuring battery supply.
EU + UK + EFTA
In Europe, emissions standards of 95g CO2 per km (WLTP), fully enforced since 2021 with a transitional year in 2020, are underpinning current EV sales. Indeed, since 2019, annual sales have more than quadrupled to 2.2 million in 2021, and IDTechEx predicts 3 million sales for 2022.
In June 2022, the EU further increased targets to reduce carbon emissions for vans and cars to 55% by 2035 (up from 50% previously) and confirmed a combustion engine ban for new cars by 2035, although technically, burning e-fuels might be allowed. This builds on previous bans from individual countries, for example, France and the Netherlands (100% by 2040 and 100% by 2030, respectively) and in Europe but not the EU, the UK (100% by 2035 including hybrids), Norway (100% by 2025) and Iceland (100% by 2030). The EU target represents around 9-10 million passenger cars annually using today's figures, which is approximately in line with the IDTechEx forecast by 2035.
China
Current policy in China dictates that 20% of the market must be 'new energy vehicles' by 2025 (~4 million vehicles). China is currently ahead of this, selling over 3.3 million in 2021.
As China's EV purchase subsidy has gradually stepped down, its dual-credit system – where fuel efficiency credits (CAFC) and EV credits (NEV) are accumulated to avoid penalties and can be traded – has come to the forefront.
Over time, credits are more difficult to obtain whilst more are required. The trade prices of credits are also determined by the market and have risen since 2018, often with volatility. Generally, credit price increases are positive for EV markets, but there are issues: too high a trade price, and automakers are incentivized to make A00 class vehicles (micro cars) in a strategy to profit off credits, not vehicles. Overall, though, the policy is a strong driver and has significantly boosted the market. China remains the largest regional electric car market in IDTechEx forecasts over the next 20 years.
To find out more about this new report from IDTechEx, including downloadable sample pages, please visit www.IDTechEx.com/Cars. For the full portfolio of electric vehicle research from IDTechEx, please visit www.IDTechEx.com/Research/EV.
About IDTechEx
IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.
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press@IDTechEx.com
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SOURCE IDTechEx | https://www.whsv.com/prnewswire/2022/08/18/record-electric-car-sales-governments-double-down-support-reports-idtechex/ | 2022-08-18T12:38:42Z |
SALT LAKE CITY, Aug. 18, 2022 /PRNewswire/ -- Recursion (NASDAQ: RXRX), the clinical-stage biotechnology company industrializing drug discovery by decoding biology, today announced that it recently received a Prime Rating for ESG performance from the industry-renowned Institutional Shareholder Services (ISS), which is the first time Recursion has been ranked by ISS. The ISS ESG Corporate Rating provides an assessment of a company's environmental, social, and governance activity. A Prime Rating is awarded to companies with ESG performance above a sector-specific threshold and is defined by ISS as "absolute best in class".
"We are proud to receive a Prime Rating by ISS for ESG," said Chris Gibson, Ph.D., Co-Founder & CEO of Recursion. "As a company looking to revolutionize the drug discovery industry, it is critical that we focus on building a sustainable culture that not only fosters interdisciplinary work across healthcare and technology, but also achieves the highest standards in mitigating our environmental impact and creating an inclusive, diverse, and equitable workplace in order to drive long-term success in the years to come."
Additionally, on September 29, 2022, Recursion plans to participate in the Goldman Sachs Global Sustainability Forum to share more about its ESG strategy and connect with the ESG investor community.
Recursion's Prime Rating from ISS follows the release of Recursion's first ESG report earlier this year, which outlines the Company's approach, practices and goals in several important areas. As part of the report, Recursion announced long-term commitments focused on net-zero greenhouse gas emissions, workforce diversity, and philanthropy.
The full 2022 Recursion ESG Report can be found here.
More information on ISS ESG Corporate Ratings can be found here.
About Recursion
Recursion is the clinical-stage biotechnology company industrializing drug discovery by decoding biology. Enabling its mission is the Recursion OS, a platform built across diverse technologies that continuously expands one of the world's largest proprietary biological and chemical datasets. Recursion leverages sophisticated machine-learning algorithms to distill from its dataset a collection of trillions of searchable relationships across biology and chemistry unconstrained by human bias. By commanding massive experimental scale — up to millions of wet lab experiments weekly — and massive computational scale — owning and operating one of the most powerful supercomputers in the world, Recursion is uniting technology, biology and chemistry to advance the future of medicine.
Recursion is headquartered in Salt Lake City, where it is a founding member of BioHive, the Utah life sciences industry collective. Recursion also has offices in Toronto, Montreal and the San Francisco Bay Area. Learn more at www.Recursion.com, or connect on Twitter and LinkedIn.
Media Contact
Media@Recursion.com
Investor Contact
Investor@Recursion.com
Forward-Looking Statements
This document contains information that includes or is based upon "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, including, without limitation, those regarding early and late stage discovery, preclinical, and clinical programs; licenses and collaborations; prospective products and their potential future indications and market opportunities; Recursion OS and other technologies; business and financial plans and performance; and all other statements that are not historical facts. Forward-looking statements may or may not include identifying words such as "plan," "will," "expect," "anticipate," "intend," "believe," "potential," "continue," and similar terms. These statements are subject to known or unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements, including but not limited to: challenges inherent in pharmaceutical research and development, including the timing and results of preclinical and clinical programs, where the risk of failure is high and failure can occur at any stage prior to or after regulatory approval due to insufficient efficacy, safety considerations, or other factors; our ability to leverage and enhance our drug discovery platform; our ability to obtain financing for development activities and other corporate purposes; the success of our collaboration activities; our ability to obtain regulatory approval of, and ultimately commercialize, drug candidates; the impact of the COVID-19 pandemic and force majeure events; our ability to obtain, maintain, and enforce intellectual property protections; cyberattacks or other disruptions to our technology systems; our ability to attract, motivate, and retain key employees and manage our growth; inflation and other macroeconomic issues; and other risks and uncertainties such as those described under the heading "Risk Factors" in our filings with the U.S. Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q and our Annual Report on Form 10-K. All forward-looking statements are based on management's current estimates, projections, and assumptions, and Recursion undertakes no obligation to correct or update any such statements, whether as a result of new information, future developments, or otherwise, except to the extent required by applicable law.
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SOURCE Recursion | https://www.whsv.com/prnewswire/2022/08/18/recursion-receives-iss-esg-prime-rating-plans-participate-goldman-sachs-global-sustainability-forum/ | 2022-08-18T12:38:48Z |
Reorg Restructuring Risk Index (RRRI™) Scores All U.S. Publicly Traded Companies by Probability of Entering a Future Restructuring Process
NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Reorg, the leading global provider of credit data, analytics and intelligence, announced today that for the first time, the proprietary Reorg Restructuring Risk Index (or RRRI), will become available to Reorg subscribers exclusively through Credit Cloud by Reorg. Subscribers will be able to search and screen U.S. publicly traded companies by their probability of entering a future restructuring process.
Determining Restructuring Risk
The RRRI leverages Machine Learning (ML) and Natural Language Processing (NLP) to classify and extract data from publicly available documents and press releases such as annual reports, earnings updates, M&A activity and staff changes. The data science model sorts these numerous documents, identifies patterns and provides a scoring mechanism to predict the likelihood of U.S. publicly traded companies filing for bankruptcy. The model is trained off of Reorg's unique historical database of in- and out-of-court restructuring events and all public disclosures leading up to those restructuring events.
The RRRI provides a score that reflects the probability of any U.S. public company filing for bankruptcy, with scores ranging from 0 to 100; 0 meaning least likely and 100 meaning a chapter 11 filing is imminent.
Highlights of the RRRI include:
- Data points on more than 2,000 public companies, including a library of past and ongoing updates to RRRI values.
- Continuous updates of RRRI via analysis of hundreds of company financial statements and documents including SEC filings (8-K, 10-K, 10-Q, etc.), press releases and transcripts over a rolling look-back period.
- Qualitative industry expertise from Reorg internal experts in the restructuring field paired with cutting-edge data science technology.
Launched in April, Credit Cloud by Reorg is a self-service data and analytics platform providing differentiated data and workflow tools to professionals in the restructuring and leveraged finance markets. Reorg's Restructuring Risk Index is a proprietary Reorg score that can only be accessed in Credit Cloud. With the RRRI, Credit Cloud now provides a powerful signal, based on volumes of unstructured data and specialized expertise, as to what the market can expect from its public companies.
The addition of the RRRI into the Credit Cloud offering continues to build upon Reorg's existing solutions in the leveraged finance, high-yield and distressed debt markets, which together offer a comprehensive platform providing one-stop access for market participants.
Reorg's product range includes data, analysis and intelligence on high-yield and distressed credits across North America and Latin America, Asia, Europe, the Middle East and Africa. Reorg also offers specialist Covenants analyses, First Day intelligence and data, and M&A analysis.
About Reorg
Founded in 2013, Reorg has fundamentally changed the way financial and legal professionals access complex and opaque business information. Our unique editorial approach combines reporting with financial and legal analysis to provide a holistic view of topical situations and delivers that view in real time through our proprietary platform, which is powered by machine learning and natural language processing. Today, with offices on three continents, Reorg serves more than 25,000 professionals across the world's leading hedge funds, asset managers, investment banks, law firms, professional services, advisors and corporations so they can make better business, investment and advisory decisions. To learn more, visit Reorg.com.
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SOURCE Reorg | https://www.whsv.com/prnewswire/2022/08/18/reorgs-credit-cloud-now-features-proprietary-restructuring-risk-index/ | 2022-08-18T12:38:54Z |
The family of staffing brands is focused on growth and diversifying their service offerings
CINCINNATI, Aug. 18, 2022 /PRNewswire/ -- Riley Decker Companies, a family of staffing brands and one of the largest staffing firms in the U.S., has announced the promotion of two team members responsible for leading operations for their skilled trades and healthcare brands.
This announcement supports the company's vision to continue to grow their market share of the staffing industry across multiple segments including light industrial, skilled trades, and their newest addition of healthcare staffing.
"These new assignments recognize the right behaviors and mindset of the type of leaders who can continue to propel us forward in our mission to change lives and sustain growth. We are grateful for the business opportunities in front of us and are excited to recognize these employees who will play a critical part in our long-term success," said Kyle Decker, CEO & Founder, Riley Decker Companies.
Tiffany Feeley, former Director of Strategy for Riley Decker Companies, has been promoted to Vice President of Operations of MOR Talent Solutions. She has over 8 years of staffing experience and has been a key driver in the growth of the company over the last four years from developing the marketing arm of the business to rolling out multiple technologies to advance the capabilities of operations across multiple brands.
Tessie Ward, former Director of Marketing for Riley Decker Companies, has been promoted to Vice President of Operations for Galaxy Healthcare. Over the last year at Riley Decker she has further developed the marketing strategy and team overseeing the creation of new brands to the company's portfolio. She has been a catalyst for growth at three of the fastest-growing companies in the Greater Cincinnati area and has experience in both healthcare staffing and start-ups.
Riley Decker Companies has been recognized by the Cincinnati Business Courier as one of the 2022 Best Places to Work and the 5th Largest Staffing Firms in Greater Cincinnati, as well as one of the Largest Staffing Firms in the country by Staffing Industry Analysts. The company earned over $150 million in revenue in 2021 and is forecasting over $200 million in 2022.
Riley Decker Companies is a family of staffing brands servicing the light industrial, skilled trades, and healthcare staffing segments. The company, made up of The Job Center Staffing, MOR Talent Solutions, and Galaxy Healthcare, has been recognized regionally and nationally for their sustained growth and employee engagement. Their mission is to change lives through the power of employment and employed over 23,000 associates in 2021. Learn more at rileydecker.com.
MOR Talent Solutions is a full-service, professional recruitment firm specializing in the manufacturing operations, engineering, supply chain, and skilled labor arenas. With over 35 years of combined experience in the Cincinnati and Tri-state area, MOR prides itself on both delivering the highest level of service to its client partners while also offering career changing opportunities to the professionals they work with. Learn more at mortalent.com.
Galaxy Healthcare is a healthcare staffing firm focused on local and travel nurse and allied staffing, as well as uniquely offering environmental services to their partners through their sister brands. The company aims to provide out-of-this-world staffing services, delighting clinicians and partners with a personalized and purpose-driven approach to the industry. Galaxy connects the right crew (qualified healthcare professionals) with the right missions (healthcare assignments across the U.S.). Learn more at galaxyhealthcare.com.
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SOURCE The Riley Decker Companies | https://www.whsv.com/prnewswire/2022/08/18/riley-decker-companies-promotes-two-team-members-vice-president-operations/ | 2022-08-18T12:39:00Z |
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