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Suit: Brink’s driver was asleep during pricey jewelry heist
LOS ANGELES (AP) — One of the drivers of a Brink’s tractor-trailer was asleep inside the big rig, parked near a remote southern California rest stop earlier this summer, when thieves broke a lock and stole millions of dollars worth of jewelry and gemstones, according to a lawsuit filed by the security company.
While the second driver was getting food inside the rest stop early July 11 — spending nearly 30 minutes away from the vehicle — the thieves stole 22 bags of jewelry from the vehicle and fled.
The heist nabbed a haul that’s been described by some as worth less than $10 million and others as roughly $100 million and the value is now the subject of two lawsuits filed this month. If the latter figure is accurate, it would be one of the largest jewelry thefts in modern history.
But Brink’s, in a federal lawsuit filed Aug. 4 in New York, stated that the pickup manifests signed by the jewelers reported a total of $8.7 million worth of merchandise in the 22 stolen bags.
The security company’s lawsuit alleges that the jewelers under-declared the value of the items that were being transported and the company is only responsible for the declared value.
The theft occurred near the “Flying J” rest stop and gas station in the unincorporated community of Lebec, about 75 miles (120.7 kilometers) north of downtown Los Angeles, as the items were being sent overnight from a jewelry show in the San Francisco Bay Area down to the Los Angeles region for another event.
Brink’s is seeking to limit potential payouts to the jewelers, who say their cargo was worth $100 million and that the security company is trying to deny compensation to its customers for a theft “its drivers practically invited to happen.”
Fourteen jewelers and jewelry companies alleged breach of contract and negligence in a lawsuit filed Monday against Brink’s in Los Angeles County Superior Court.
“Everyone in our group has been emotionally and financially destroyed,” the plaintiffs said in a statement on Tuesday. “We are lost and do not know what comes next in our lives. Whatever plans we all have for the future for our businesses and our families has evaporated in an instant.”
A spokesperson for Brink’s declined to comment to The Associated Press on Tuesday, citing the pending litigation. The Los Angeles County sheriff’s sergeant who is investigating the case did not respond to a request for comment.
The Los Angeles Times first reported the lawsuits on Tuesday.
Brink’s lawsuit states that the driver left his partner in the big rig’s sleeping berth while he went to get food — a move the company says was “per Department of Transportation regulations.”
He was gone for 27 minutes and returned to find the lock broken, though the sleeping driver said he hadn’t seen or heard anything unusual, according to the lawsuit. It was not immediately clear whether the driver was supposed to be gone for so long, and if the sleeping berth is sound-proof.
In their lawsuit, the “mom and pop” jewelers are seeking $100 million in damages and $100 million in restitution from Brink’s. The jewelers allege that a Brink’s employee told them to under-value their merchandise on the pickup manifests “in order to save money, because the cost of shipping would be too expensive if they declared the full value of their goods.”
“We are astounded by Brink’s lack of support for their longtime customers who thought they were in safe hands with Brink’s,” Jerry Kroll, an attorney for the jewelers, said in a statement. “After relying on Brink’s for their guarded transportation services, our clients have lost virtually everything in this theft, including their source of income.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/24/suit-brinks-driver-was-asleep-during-pricey-jewelry-heist/ | 2022-08-24T11:33:13Z |
US giving Ukraine $3 billion in military aid for years ahead
WASHINGTON (AP) — The Biden administration is expected on Wednesday to announce an additional roughly $3 billion in aid to train and equip Ukrainian forces to fight for years to come, U.S. officials said.
The officials told The Associated Press that the package will fund contracts for as many as three types of drones and other weapons, ammunition and equipment that may not see the battlefront for a year or two.
The total of the aid package — it is being provided under the Ukraine Security Assistance Initiative — could change, but not likely by much. Officials said it will include money for the small, hand-launched Puma drones, the longer-endurance Scan Eagle surveillance drones, which are launched by catapult, and, for the first time, the British Vampire drone system, which can be launched off ships. Several officials spoke on the condition of anonymity to discuss the aid before its public release.
As Russia’s war on Ukraine drags on, U.S. security assistance is shifting to a longer-term campaign that also will likely keep more American military troops in Europe into the future, U.S. officials said. Wednesday is Ukraine’s independence day holiday and the six-month point in the war.
Unlike most previous packages, the new funding is largely aimed at helping Ukraine secure its medium- to long-term defense posture, according to officials familiar with the matter. Earlier shipments, most of them done under presidential drawdown authority, have focused on Ukraine’s more immediate needs for weapons and ammunition and involved materiel that the Pentagon already has in stock that can be shipped in short order.
Besides providing longer-term assistance that Ukraine can use for potential future defense needs, the new package is intended to reassure Ukrainian officials that the United States intends to keep up its support, regardless of the day-to-day back and forth of the conflict, the officials said.
NATO Secretary-General Jens Stoltenberg noted the more extended focus Tuesday as he reaffirmed the alliance’s support for the conflict-torn country.
“Winter is coming, and it will be hard, and what we see now is a grinding war of attrition. This is a battle of wills, and a battle of logistics. Therefore we must sustain our support for Ukraine for the long term, so that Ukraine prevails as a sovereign, independent nation,” Stoltenberg said, speaking at a virtual conference about Crimea, organized by Ukraine.
Six months after Russia invaded, the war has slowed to a grind, as both sides trade combat strikes and small advances in the east and south. Both sides have seen thousands of troops killed and injured, as Russia’s bombardment of cities has killed countless innocent civilians.
There are fears that Russia will intensify attacks on civilian infrastructure and government facilities in the coming days because of the holiday celebrating Ukraine’s 1991 declaration of independence from the Soviet Union and the day marking six months since the invasion.
On Monday, the U.S. Embassy in Ukraine and the State Department issued a new security alert for Ukraine that repeated a call for Americans in the country to leave due to the danger.
“Given Russia’s track record in Ukraine, we are concerned about the continued threat that Russian strikes pose to civilians and civilian infrastructure,” it said.
Other NATO allies are also marking the independence day with new aid announcements.
German Chancellor Olaf Scholz said his country is providing more than 500 million euros (nearly $500 million) in aid, including powerful anti-aircraft systems. The aid will include rocket launchers, ammunition, anti-drone equipment, a dozen armored recovery vehicles and and three additional IRIS-T long-range air defense systems, the German news agency dpa reported.
The funding must still be approved by parliament, and some of it won’t be delivered until next year.
And Canada’s Prime Minister Justin Trudeau announced $3.85 million for two Ukraine projects through the Peace and Stabilization Operations Program. It includes about $2.9 million in funding for ongoing development of Ukraine’s national police force and other emergency services, and about $950,000 to help advise Ukraine’s defense ministry.
To date, the U.S. has provided about $10.6 billion in military aid to Ukraine since the beginning of the Biden administration, including 19 packages of weapons taken directly from Defense Department stocks since August 2021.
U.S. defense leaders are also eyeing plans that will expand training for Ukrainian troops outside their country, and for militaries on Europe’s eastern and southern flanks that feel most threatened by Russia’s aggression.
___
Associated Press writer Lorne Cook in Brussels contributed to this report.
___
Follow AP’s coverage of Russia’s war in Ukraine at https://apnews.com/hub/russia-ukraine.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/24/us-giving-ukraine-3-billion-military-aid-years-ahead/ | 2022-08-24T11:33:19Z |
Uvalde school board to consider firing district police chief
UVALDE, Texas (AP) — Uvalde’s embattled school police chief on Wednesday faced becoming the first officer to lose his job over the hesitant response by hundreds of heavily armed law enforcement personnel during the May massacre at Robb Elementary School.
The Uvalde Consolidated Independent School District was set to make a decision on Pete Arredondo’s future, three months to the day after a gunman killed 19 children and two teachers in one of the deadliest classroom attacks in U.S. history.
The meeting comes less than two weeks before the new school year begins in Uvalde.
Arredondo, who has been on administrative leave since June, has come under the most scrutiny for his actions during the May 24 tragedy. State police and a damning investigative report in July have criticized the police chief of the roughly 4,000-student school district for failing to take charge of the scene, not breaching the classroom sooner and wasting time by looking for a key to a likely unlocked door.
Ninety days after the massacre, the absence of any firings have frustrated many Uvalde residents and amplified demands for accountability. Investigations and body camera footage have laid bare how police rushed to the scene with bulletproof shields and high-powered rifles within minutes — but waited more than an hour before finally confronting the gunman in a classroom of fourth-graders.
An attorney for Arredondo did not respond to an email Tuesday.
Uvalde school officials have been under mounting pressure from victims’ families and members of the community, many of whom have called for Arredondo’s termination. Superintendent Hal Harrell had first moved to fire Arredondo in July but postponed the decision at the request of the police chief’s attorney.
Only one other police official at the scene, Uvalde police Lt. Mariano Pargas, is known to have been placed on leave since the shooting. Pargas was the city’s acting police chief during the massacre.
The Texas Department of Public Safety, which had more than 90 state troopers at the scene, has also launched an internal investigation into the response by state police.
School officials have said the campus at Robb Elementary will no longer be used. Instead, campuses elsewhere in Uvalde will serve as temporary classrooms for elementary school students, not all of whom are willing to return to school in-person following the shooting.
School officials say a virtual academy will be offered for students. The district has not said how many students will attend virtually, but a new state law passed last year in Texas following the pandemic limits the number of eligible students receiving remote instruction to “10% of all enrolled students within a given school system.”
Schools can seek a waiver to exceed the limit, but Uvalde has not done so, according to Melissa Holmes, a spokeswoman for the Texas Education Agency.
New measures to improve school safety in Uvalde include “8-foot, non-scalable perimeter fencing” at elementary, middle and high school campuses, according to the school district. Officials say they have also installed additional security cameras, upgraded locks, enhanced training for district staff and improving communication.
However, according to the district’s own progress reports, as of Tuesday the fencing had not begun at six of the eight campuses planned and cameras had only been installed at the high school. Some progress had been made on locks at three of eight campuses, and communication improvement was marked as half complete for each campus.
Uvalde CISD did not immediately respond to a request for comment.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/24/uvalde-school-board-consider-firing-district-police-chief/ | 2022-08-24T11:33:26Z |
We’ll see plenty of sunshine today
Temperatures will climb into the upper 70s and low 80s
High pressure is in control today and will keep us warm and dry. Mainly sunny skies and highs in the upper 70s and low 80s are expected today.
Partly cloudy skies are expected tonight, and we could see some areas of patchy fog developing late. Temperatures will be in the upper 50s and low 60s overnight.
Most will stay dry tomorrow with a mix of sun and clouds; however, a few spotty showers and storms are possible Thursday afternoon and evening. Temperatures will rise into the upper 70s and low-mid 80s once again.
A few scattered showers and storms are possible on Friday and Saturday. We won’t see widespread rain and a washout is not expected but we could see some hit-or-miss pop-up showers and storms. Highs will top off in the upper 70s and low 80s.
As of now, we look to dry up on Sunday, but we will grow unsettled again next week. Make sure to stay tuned and catch the latest on WVVA.
Copyright 2022 WVVA. All rights reserved. | https://www.wvva.com/2022/08/24/well-see-plenty-sunshine-today/ | 2022-08-24T11:33:32Z |
A federal jury in Michigan convicted the men of conspiring to kidnap Gov. Gretchen Whitmer — in what the FBI called a domestic terrorism case. Prosecutors say they wanted to overthrow the government.
Copyright 2022 Michigan Radio
A federal jury in Michigan convicted the men of conspiring to kidnap Gov. Gretchen Whitmer — in what the FBI called a domestic terrorism case. Prosecutors say they wanted to overthrow the government.
Copyright 2022 Michigan Radio | https://www.wyomingpublicmedia.org/2022-08-24/2-men-are-found-guilty-of-conspiring-to-kidnap-michigan-gov-whitmer-in-2020 | 2022-08-24T11:51:02Z |
The Biden administration's renewable energy and climate policies face pushback from a misinformation campaign that some Republicans tap when the power grid is strained.
Copyright 2022 NPR
The Biden administration's renewable energy and climate policies face pushback from a misinformation campaign that some Republicans tap when the power grid is strained.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-08-24/a-gop-misinformation-campaign-targets-democrats-climate-spending-packages | 2022-08-24T11:51:03Z |
NASA released a sound from the black hole at the center of the Perseus galaxy cluster. What you'll hear is pressure waves emitted from the black hole causing ripples in the star cluster's hot gas.
Copyright 2022 NPR
NASA released a sound from the black hole at the center of the Perseus galaxy cluster. What you'll hear is pressure waves emitted from the black hole causing ripples in the star cluster's hot gas.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-08-24/nasa-says-there-is-a-misconception-that-there-is-no-sound-in-space | 2022-08-24T11:51:11Z |
NPR's A Martinez talks to former Justice Department official David Laufman about former President Donald Trump's request for a special master to review materials seized by the FBI from Mar-a-Lago.
Copyright 2022 NPR
NPR's A Martinez talks to former Justice Department official David Laufman about former President Donald Trump's request for a special master to review materials seized by the FBI from Mar-a-Lago.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-08-24/trump-asks-court-to-appoint-a-third-party-to-review-records-seized-in-fbi-search | 2022-08-24T11:51:13Z |
A federal jury in Michigan convicted the men of conspiring to kidnap Gov. Gretchen Whitmer — in what the FBI called a domestic terrorism case. Prosecutors say they wanted to overthrow the government.
Copyright 2022 Michigan Radio
A federal jury in Michigan convicted the men of conspiring to kidnap Gov. Gretchen Whitmer — in what the FBI called a domestic terrorism case. Prosecutors say they wanted to overthrow the government.
Copyright 2022 Michigan Radio | https://www.keranews.org/2022-08-24/2-men-are-found-guilty-of-conspiring-to-kidnap-michigan-gov-whitmer-in-2020 | 2022-08-24T12:08:25Z |
The Biden administration's renewable energy and climate policies face pushback from a misinformation campaign that some Republicans tap when the power grid is strained.
Copyright 2022 NPR
The Biden administration's renewable energy and climate policies face pushback from a misinformation campaign that some Republicans tap when the power grid is strained.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/a-gop-misinformation-campaign-targets-democrats-climate-spending-packages | 2022-08-24T12:08:32Z |
NASA released a sound from the black hole at the center of the Perseus galaxy cluster. What you'll hear is pressure waves emitted from the black hole causing ripples in the star cluster's hot gas.
Copyright 2022 NPR
NASA released a sound from the black hole at the center of the Perseus galaxy cluster. What you'll hear is pressure waves emitted from the black hole causing ripples in the star cluster's hot gas.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/nasa-says-there-is-a-misconception-that-there-is-no-sound-in-space | 2022-08-24T12:08:38Z |
NPR's A Martinez talks to former Justice Department official David Laufman about former President Donald Trump's request for a special master to review materials seized by the FBI from Mar-a-Lago.
Copyright 2022 NPR
NPR's A Martinez talks to former Justice Department official David Laufman about former President Donald Trump's request for a special master to review materials seized by the FBI from Mar-a-Lago.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/trump-asks-court-to-appoint-a-third-party-to-review-records-seized-in-fbi-search | 2022-08-24T12:08:44Z |
Kourtney Kardashian, Kevin Hart among celebrities accused of violating drought rules
CALABASAS, Calif. (KABC) - In California, authorities are cracking down on A-list celebrities in the Los Angeles area who have not been doing their part to conserve water.
It comes as the state continues to experience severe drought conditions.
Celebrities living in multimillion-dollar mansions in Calabasas, California, including Kourtney Kardashian, Kevin Hart and Sylvester Stallone, have all been accused of using too much water.
Officials said anyone who exceeds 150% of their water budget for at least two months pays a penalty, but the penalties reportedly do not work for those who have lots of cash to spare.
Now, officials are working to have flow restriction devices installed. They remove the functionality of irrigation systems leading to frustratingly slow-dripping showers, ultimately forcing people to conserve water.
They said there is no other way to get past users who have the means to pay those enormous water bills and the fines.
The water district says about 70% of all residential water is used outdoors. They are advising people to remove their lawns and install drought-tolerant landscaping.
Copyright 2022 KABC via CNN Newsource. All rights reserved. | https://www.whsv.com/2022/08/24/kourtney-kardashian-kevin-hart-among-celebrities-accused-violating-drought-rules/ | 2022-08-24T12:23:29Z |
Suit: Brink’s driver was asleep during pricey jewelry heist
LOS ANGELES (AP) — One of the drivers of a Brink’s tractor-trailer was asleep inside the big rig, parked near a remote southern California rest stop earlier this summer, when thieves broke a lock and stole millions of dollars worth of jewelry and gemstones, according to a lawsuit filed by the security company.
While the second driver was getting food inside the rest stop early July 11 — spending nearly 30 minutes away from the vehicle — the thieves stole 22 bags of jewelry from the vehicle and fled.
The heist nabbed a haul that’s been described by some as worth less than $10 million and others as roughly $100 million and the value is now the subject of two lawsuits filed this month. If the latter figure is accurate, it would be one of the largest jewelry thefts in modern history.
But Brink’s, in a federal lawsuit filed Aug. 4 in New York, stated that the pickup manifests signed by the jewelers reported a total of $8.7 million worth of merchandise in the 22 stolen bags.
The security company’s lawsuit alleges that the jewelers under-declared the value of the items that were being transported and the company is only responsible for the declared value.
The theft occurred near the “Flying J” rest stop and gas station in the unincorporated community of Lebec, about 75 miles (120.7 kilometers) north of downtown Los Angeles, as the items were being sent overnight from a jewelry show in the San Francisco Bay Area down to the Los Angeles region for another event.
Brink’s is seeking to limit potential payouts to the jewelers, who say their cargo was worth $100 million and that the security company is trying to deny compensation to its customers for a theft “its drivers practically invited to happen.”
Fourteen jewelers and jewelry companies alleged breach of contract and negligence in a lawsuit filed Monday against Brink’s in Los Angeles County Superior Court.
“Everyone in our group has been emotionally and financially destroyed,” the plaintiffs said in a statement on Tuesday. “We are lost and do not know what comes next in our lives. Whatever plans we all have for the future for our businesses and our families has evaporated in an instant.”
A spokesperson for Brink’s declined to comment to The Associated Press on Tuesday, citing the pending litigation. The Los Angeles County sheriff’s sergeant who is investigating the case did not respond to a request for comment.
The Los Angeles Times first reported the lawsuits on Tuesday.
Brink’s lawsuit states that the driver left his partner in the big rig’s sleeping berth while he went to get food — a move the company says was “per Department of Transportation regulations.”
He was gone for 27 minutes and returned to find the lock broken, though the sleeping driver said he hadn’t seen or heard anything unusual, according to the lawsuit. It was not immediately clear whether the driver was supposed to be gone for so long, and if the sleeping berth is sound-proof.
In their lawsuit, the “mom and pop” jewelers are seeking $100 million in damages and $100 million in restitution from Brink’s. The jewelers allege that a Brink’s employee told them to under-value their merchandise on the pickup manifests “in order to save money, because the cost of shipping would be too expensive if they declared the full value of their goods.”
“We are astounded by Brink’s lack of support for their longtime customers who thought they were in safe hands with Brink’s,” Jerry Kroll, an attorney for the jewelers, said in a statement. “After relying on Brink’s for their guarded transportation services, our clients have lost virtually everything in this theft, including their source of income.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/08/24/suit-brinks-driver-was-asleep-during-pricey-jewelry-heist/ | 2022-08-24T12:23:29Z |
LINYI, China, Aug. 24, 2022 /PRNewswire/ -- The 2nd RCEP (Shandong) Import Expo was held in Linyi from August 19 to 21. With the theme 'New Era, New Pattern, New Platform, New Opportunities', and showcasing well-known RCEP brands and premium goods, the event hosted RCEP countries, cities, Chambers of Commerce and other associations, delivering opportunities for economic, trade and people-to-people exchanges in Shandong.
According to the Information Office of the Linyi municipal people's government, this year's expo featured some major pavilions, including the RCEP International Pavilion, the RCEP Brand Pavilion and the RCEP Quality Products Pavilion. There were also five pavilions for RCEP countries, namely Cambodia, Republic of Korea, Thailand, Vietnam and Australia; two pavilions for non-RCEP countries, namely Hungary and the United Kingdom; and six pavilions for regional cities, including Gunpo, Incheon, Gunsan and Chungcheongbuk-do (Republic of Korea), and Yamagata and Osaka (Japan).
The event also attracted a host of international brands and Chambers of Commerce and other associations, including the Greenland Global Commodity Trading Hub Group, the Small and Medium Business Administration of the Republic of Korea, the Tianjin Chamber of Commerce for Import and Export, the Weihai Import Chamber of Commerce, the Republic of Korea-based CUCKOO, Thailand-based GIFFARINE, and the Philippines-based OCOCO.
A wide range of concurrent events were held during the expo, such as the RCEP Small and Medium Enterprises Forum, a Guest Country of Honor Presentation, the 2nd RCEP (Shandong) International Cooperation and Exchange Meeting, the 2nd RCEP Live Broadcast Purchasing Meeting for RCEP Featured Products, the Local Product Park Investment Attraction Promotion Event, and the Linyi Import Commodities City Purchasing Festival.
This year's expo covered an exhibition area of 35,300 square meters, including 25,300 square meters at the Linyi International Expo Center, which housed 1,232 international-standard booths, and 10,000 square meters at Linyi Import Commodities City. The event attracted 43,000 onsite visits, 21,000 of whom were professional buyer visits. There was an onsite transaction of RMB 230 million and a projected upcoming transaction of RMB 750 million.
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Caption: The expo
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Caption: Business discussion
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SOURCE Information Office of the Linyi Municipal People's Government | https://www.whsv.com/prnewswire/2022/08/24/2nd-rcep-shandong-import-expo-comes-successful-conclusion/ | 2022-08-24T12:23:30Z |
San Diego's awarded window treatment company welcomes Kathy Cragg Pace
SAN DIEGO, Aug. 24, 2022 /PRNewswire/ -- Kathy Cragg Pace joins the 3 Blind Mice Window Coverings team in August as the Director of Sales, a newly added role that will oversee all aspects of Sales and Sales Management and continue the company's growth and customer-first sales approach. With 30+ years of experience in the home furnishings industry and the past near-decade as the National Sales Director at Smith & Noble, Kathy's specialization in developing sales growth will benefit the individual salespeople and the entire 3 Blind Mice team.
While at Smith & Noble, Kathy was responsible for a national sales team of 100+ in-home designers in major metropolitan areas across the US and responsible for driving sales increases yearly 2014 to 2019, and 2021. Previously, Kathy's experience includes leading her own award-winning design franchise, real estate and custom building companies, a network of large and small independent window treatment business owners, and a nationwide retail team of in-home design sales professionals.
"I've helped, hired, trained and coached literally hundreds of people, enabling them to have profitable careers that reflects their passion. Because our paths have crossed in some way, these design sales professionals go to work every day doing something they love. And so do I."
3 Blind Mice Window Coverings, Inc. provides custom window treatments including blinds, shades, shutters, and draperies/curtains, as well as energy-efficient window film, solar screens, and motorized window coverings for homes & businesses throughout the state of California. Founded in 2003 by owner Scot Dietz, 3 Blind Mice has been Voted San Diego's BEST Window Coverings Company and a two-time BBB Torch Award winning company who strives to provide all customers with great prices and serve them with integrity.
For more, visit www.3BlindMiceUSA.com
3 Blind Mice Window Coverings
Michael Buonomo
800-828-2003
marketing@3BlindMiceUSA.com
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SOURCE 3 Blind Mice Window Coverings | https://www.whsv.com/prnewswire/2022/08/24/3-blind-mice-window-coverings-focusing-growth-23-adds-new-director-sales/ | 2022-08-24T12:23:37Z |
Brand enthusiasts can snag all apparel and accessories at 11% off for 7 days
IRVING, Texas, Aug. 24, 2022 /PRNewswire/ -- Oh thank heaven!® Today, 7-Eleven, Inc. announced the launch of 7Collection™, an online merchandise shop specially curated with 7-Eleven stans in mind. The shop features exclusive apparel and accessories inspired by 7-Eleven and its fan-favorite products–like Big Gulp® and Slurpee® drinks–that customers can't find anywhere else. And for the first 7 days, customers will receive 11% off all the 7Collection items using the code 7Collection11.
The 7Collection shop offers brand fans a little bit of everything at 7-eleven.com/7collection – including vintage tees, hats and an assortment of unique memorabilia. To get the (merch) party started, 7-Eleven is kicking off the shop with two iconic drops:
The Cars of 7-Eleven™ Collection
An ode to the brand's car-loving fans and the popular #CarsOf7ELEVEn hashtag, this collection brings the heat and boasts legendary threads, a trucker hat, car decal and the iconic coffee-scented air freshener first debuted in Model 711. Talk about straight fire. Oh, and where car?™ Here car.
The Slurpee® Collection
A celebration of the iconic, internationally recognized frozen beverage that has captivated 7-Eleven fans for over 55 years, the Slurpee Collection encompasses both retro and modern Slurpee drink apparel, accessories and collectibles. And don't forget, customers can match their swag to their Slurpee and enjoy $1 small Slurpee drinks all year long*!
"Over the past 95 years, 7-Eleven has become more than just a convenience store. It's a destination for snacking, a photoshoot backdrop, a music video stage, a haven for car lovers – and an essential staple in our customers' lives," said Marissa Jarratt, 7-Eleven Executive Vice President and Chief Marketing Officer. "We hope this swag serves as another reminder to our customers that we're always here to help make their day a little more awesome."
Don't want to miss out on any upcoming drops? Bookmark 7-eleven.com/7collection to stay up to date on the latest collections.
Customers looking to take their brand love even further are encouraged to join 7Rewards®, the loyalty program found in the 7-Eleven app where customers can earn points on most purchases. The 7-Eleven app can be downloaded from the App Store or Google Play, or by visiting 7Rewards.com.
*$1 Sm Slurpee® drink: Offer good at participating U.S. 7-Eleven® stores, excludes Hawaii.
About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name in the convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada. In addition to 7-Eleven® stores, 7-Eleven, Inc. operates and franchises Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7-Eleven has expanded into high-quality sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. 7-Eleven offers customers industry-leading private brand products under the 7-Select™ brand including healthy options, decadent treats and everyday favorites at an outstanding value. Customers can earn and redeem points on various items in stores nationwide through its 7Rewards® loyalty program with more than 50 million members, place an order in the 7NOW® delivery app in over 2,000 cities, or rely on 7-Eleven for bill payment service, self-service lockers and other convenient services. Find out more online at www.7-Eleven.com.
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SOURCE 7-Eleven, Inc. | https://www.whsv.com/prnewswire/2022/08/24/7-eleven-debuts-new-online-merchandise-store-7collection/ | 2022-08-24T12:23:44Z |
Cannabis retailers in California, Michigan, Ohio, Illinois, Maine, New Jersey, Florida and Massachusetts can now offer compliant, cashless payments through Dispense and Aeropay
CHICAGO and NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Aeropay, the cannabis industry's leading digital payments provider, and Dispense, a premier cannabis eCommerce and dispensary management software, have announced an integrated partnership enabling compliant and fully integrated payments via Aeropay. The partnership includes an integration of Aeropay's digital and compliant payment solutions with Dispense's eCommerce software for dispensaries. Retailers using Dispense can now offer cashless payments at checkout, which has the potential to increase sales by 25% per transaction.
Dispense, one of the fastest-growing software companies in the cannabis space, serves dispensaries in California, Michigan, Ohio, Illinois, Maine, New Jersey, Florida and Massachusetts – with plans to launch next in Oklahoma and Colorado. Dispense empowers dispensaries to sell online and scale business with customizable software built by dispensaries, for dispensaries. The easy-to-use software creates a customizable eCommerce menu for dispensaries that leverages SEO to increase web traffic automatically. Equipped with powerful and customer-centered technology, businesses can simplify operations, increase revenue, and build customer loyalty -- all while owning their data.
"We're thrilled to announce this partnership with Aeropay, which will add compliant and fully integrated payments to Dispense's platform," said Dispense CEO Kyla Sirni. "So far, dispensaries implementing the Dispense management platform have seen the average shopping cart size increase at least 25%."
Dispensaries are unable to process traditional card payments while cannabis remains illegal at the federal level, and most major banks have stayed away from working with the cannabis industry. Businesses and customers are forced to make predominantly cash transactions, but sales trends show that 51% of customers prefer to make contactless, secure payments for goods and services.
Aeropay allows customers to pay with ACH online and in-stores by providing simple integration with eCommerce platforms, state-compliant and secure payments and modern API infrastructure, giving operators complete control of customer experience and branding. Bank-to-bank payment processing via Aeropay is fee-free for customers simplifying the payment experience for merchants and customers.
"Dispense is an innovative cannabis eCommerce platform working with retailers across the country, and this newest integration offers businesses simple dispensary management software and SEO tools that will substantially improve ROI," said Daniel Muller, CEO and Founder of Aeropay. "It's exciting to announce this partnership which will facilitate better cashless payment options for consumers and businesses. Aeropay is a proven integration partner providing digital solutions for the industry's premier eCommerce platforms."
Aeropay is a financial technology company providing alternative payment processing solutions to state-legal cannabis businesses. With Aeropay, cannabis businesses can offer a compliant and cashless digital payment option to their customers. Aeropay has sought regulatory compliance in every state that it operates. For more information, visit www.aeropay.com or email hello@aeropay.com
Dispense is a B2B eCommerce software focused on providing cannabis dispensaries with technology and tools they need to sell products online, manage operations, build direct customer relationships, and scale their businesses with ease. Dispense was co-founded in 2020 by CEO Kyla Sirni and CTO Tim Officer who saw an opportunity to adapt their existing Tableist ticketing and reservations technology to help cannabis dispensaries safely schedule and manage customer order pickups. The initial proof of concept succeeded, and now Dispense is used by some of the largest and busiest dispensaries in the country. For more information, visit www.dispenseapp.com or email hello@dispenseapp.com.
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SOURCE Aeropay | https://www.whsv.com/prnewswire/2022/08/24/aeropay-announces-digital-payments-integration-with-dispense/ | 2022-08-24T12:23:49Z |
STAMFORD, Conn., Aug. 24, 2022 /PRNewswire/ -- Aircastle Limited ("Aircastle" or "the Company") announced today the appointment of Roy Chandran as Chief Financial Officer as of September 1, 2022. On July 28, 2022, the Company had announced the resignation of Aaron Dahlke, as Chief Financial Officer, and that Mr. Chandran would serve as the Interim Chief Financial Officer until a successor was identified.
Mike Inglese, Aircastle's CEO, commented, "We are pleased to have Roy succeed Aaron as our Chief Financial Officer, particularly given his extensive capital markets experience and relationships. Roy's willingness to immediately step into the interim assignment and quickly accept the permanent role underscores the depth of our management bench and succession planning processes."
Roy Chandran was appointed Aircastle's Chief Strategy Officer in March 2020. Prior to joining Aircastle in May 2008, Mr. Chandran was a Director at Citi in the Global Structured Solutions Group, having originally joined Salomon Brothers in 1997. Mr. Chandran holds a BS in Chemical Engineering from the Royal Melbourne Institute of Technology, Australia and obtained his MBA from the International Institute of Management Development, Switzerland.
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of May 31, 2022, Aircastle owned and managed on behalf of its joint ventures 250 aircraft leased to 74 customers located in 44 countries.
Contact:
Aircastle Advisor LLC
Jim Connelly, SVP ESG & Corporate Communications
Tel: +1-203-504-1871
jconnelly@aircastle.com
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SOURCE Aircastle Limited | https://www.whsv.com/prnewswire/2022/08/24/aircastle-appoints-roy-chandran-chief-financial-officer/ | 2022-08-24T12:23:55Z |
ALPHARETTA, Ga., Aug. 24, 2022 /PRNewswire/ - Alithya Group inc. (NASDAQ: ALYA) (TSX: ALYA) ("Alithya"), has successfully implemented Oracle Cloud Enterprise Resource Planning (ERP), Oracle Cloud Supply Chain Management (SCM), Oracle Cloud Human Capital Management (HCM), and Oracle Cloud Payroll for Inspira Health to support its core financials, materials management, human resource management, employee and manager self-service, and payroll business processes.
"The Oracle Cloud Applications allowed us to replace an older on-site system with one integrated cloud solution. The Oracle Cloud will help us be more responsive to the needs of our employees and patients. Its ability to automate tasks and foster collaboration will have a positive impact."
The multi-pillar Oracle Cloud implementation will help Inspira automate repetitive tasks and business processes, and will enable the organization to focus on more strategic initiatives and to deliver quality care to the communities it serves.
Alithya also conducted multi-pillar Oracle Cloud implementations for Adelante Healthcare, NorthBay Healthcare, and Nemours Children's Health System.
"Challenges and pressures to healthcare never stop and, more than ever, technology is the answer to help reduce risk and empower providers to focus on improving patient experiences. The implementation of a core Oracle Cloud ERP, SCM, HCM, and Payroll solution provides Inspira Health with reliable financial and human resources data to help improve decision-making and consistently and effectively address business needs."
Inspira Health is a charitable nonprofit health care organization and a regional leader in physician training, with approximately 200 medical residents and fellows in 13 nationally accredited programs at its hospitals in Vineland, Mullica Hill, and Elmer, New Jersey. Inspira's 1,300-member medical staff and 6,800 employees provide an unwavering commitment to delivering a superior patient experience at every point of the journey. Technology and innovation investments provide a robust provider directory and a range of services including online scheduling and virtual visits for both primary and specialty care providers.
Alithya is a trusted leader in strategy and digital transformation, employing a dedicated and highly skilled workforce of 3,900 professionals in Canada, the United States and internationally. Alithya's strategy is based on a plan of accelerated organic growth and complementary acquisitions to create a global leader. The company's integrated offer is based on four pillars of expertise: business strategies, enterprise cloud solutions, application services, and data and analytics.
A 25-year Oracle Partner, Alithya's expertise includes more than 300 certified consultants and Oracle ACEs, and more than 300 Oracle Cloud implementations. The company has a dedicated practice for healthcare and financial services and serves other industries and contributes in an advisory role to the Oracle Product Development team. To learn more about Alithya, visit www.alithya.com.
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SOURCE Alithya | https://www.whsv.com/prnewswire/2022/08/24/alithya-implements-oracle-cloud-suite-inspira-health/ | 2022-08-24T12:24:02Z |
Leading customer data platform company expands, appointing Billy Loizou as Area Vice President as demand surges for its data-driven personalisation solution amid impending cookie apocalypse
SEATTLE, Aug. 24, 2022 /PRNewswire/ -- Amperity, the leading customer data platform (CDP) for enterprise consumer brands, today announces its expansion in the Asia Pacific (APAC) market with the opening of a new office in Australia. Amperity also appoints Billy Loizou, Area Vice President, to lead the company's sales and marketing efforts and build a team of dedicated experts to help brands in the APAC market make better use of customer data to scale their business.
Amperity continues to experience tremendous demand from brands around the globe eager to leverage first-party data to connect more effectively with customers as the deprecation of third-party cookies draws near. According to a report by the global industry body IAB, there's been much talk but little action, which has led to a false perception of preparedness for the demise of third-party cookies in the industry.
The new Australian office will offer local engagement to the growing number of brands recognising that — while inaccurate or incomplete profiles alienate customers and waste resources — a holistic customer view reduces expenses, grows revenue, and improves the customer and employee experience.
"By establishing a larger footprint in Australia and across Asia, Amperity will be able to service brands anywhere they are located or doing business," said Barry Padgett, CEO of Amperity. "Amperity has seen a huge amount of growth in the region over the past few years as brands grapple with how to put their customer data to better use and leverage it for growth. Our customers and prospects in this region will be able to draw from the expertise of Billy and his team from day one, so they can put the power of customer data to work immediately. "
Amperity has experienced great traction and success in the APAC market, currently working with several leading brands in Australia, including Endeavour Group, the nation's largest hospitality and drinks retailer, and Servco Pacific Inc., the largest Toyota dealer group in Australia.
With more than 15 years of experience in marketing in both digital and creative agencies, Loizou will be laser focused on leading a team dedicated to the success of customers in the APAC region. A revered blogger and podcast host of "Created for Marketers", Loizou knows, firsthand, the value that a company can derive from accurate and accessible first-party data. Loizou, a board member at the CDP Institute ANZ and previously the Australian Loyalty Association, has worked with brands, such as ANZ Bank, Bakers Delight, Seek, Medibank, and Marina Bay Sands. He most recently led the go-to-market function as Vice President for Cheetah Digital Asia-Pacific.
"Brands have been sold the dream of the 360 degree view of their customer for years, what attracted me to Amperity is that they can actually deliver on that reality. Five years ago, Amperity set out to solve the massive challenge of unifying messy and complex data sources to help brands use the customer data to better serve their customers and facilitate growth," says Loizou.
"I've seen firsthand how instrumental Amperity is in helping brands make sense of the data chaos by creating pristine customer profiles. Australian brands are early adopters when it comes to technology but now face new challenges, such as privacy regulations and soon to be death of the 3rd party cookie. I look forward to working with Enterprise companies in this region to overcome these obstacles while increasing brand advocacy and loyalty."
The company's international expansion also includes a new office in the United Kingdom and a data centre in the Netherlands to complement its current presence in Eastern Europe. Learn more about Amperity's expansion in the APAC market here.
Amperity is the leading Customer Data Platform provider that helps companies use data to improve marketing performance, build long-term customer loyalty and drive growth. Amperity's flagship enterprise CDP is used by many of the world's most loved brands, such as Alaska Airlines, Crocs, Endeavour Drinks, Kendra Scott, Kroger, Lucky Brand, Planet Fitness, Seattle Sounders FC, Under Armour and Wyndham Hotels & Resorts. The company is headquartered in Seattle with offices in New York City. For more information, please visit www.amperity.com or follow @Amperity.
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SOURCE Amperity | https://www.whsv.com/prnewswire/2022/08/24/amperity-strengthens-apac-presence-with-new-australian-office/ | 2022-08-24T12:24:09Z |
BERWYN, Pa., Aug. 24, 2022 /PRNewswire/ -- Annovis Bio, Inc. (NYSE: ANVS) ("Annovis" or the "Company"), a late-stage clinical drug platform company addressing neurodegenerative diseases, announced today that the first patient in the Phase 3 clinical trial evaluating buntanetap in early Parkinson's Disease (PD) has been dosed.
The Phase 3 trial is a randomized, double-blind, placebo-controlled trial investigating the efficacy, safety, and tolerability of buntanetap. The trial will enroll a total of 450 early PD patients to be treated with 10mg buntanetap, 20mg buntanetap or a placebo, on top of their standard of care for six months.
Movement Disorder Society-Sponsored Revision of the Unified Parkinson's Disease Rating Scale (MDS-UPDRS) Part II and III will be used as primary endpoints, while total MDS-UPDRS and Participant Global Impression of Change will be secondary endpoints. In addition, Wechsler Adult Intelligence Scale, plasma biomarkers and Mini-Mental State Examination will be evaluated as exploratory endpoints.
The Company previously reported results from its Phase 2a study of buntanetap in PD patients, which were treated with 5mg, 10mg, 20mg, 40mg or 80mg daily with no clinically significant adverse events. Additionally, treatment with buntanetap resulted in statistically significant improvement in motor function and its pharmacokinetics were found to be in line with levels measured earlier in humans, meeting both the primary and secondary endpoints.
Maria L. Maccecchini, Ph.D., Founder, President, and CEO of Annovis Bio said: "Buntanetap has shown promising preliminary safety data in all clinical work to date. Just as encouraging is the significant improvement in speed of movement, motor function and cognitive function observed in early to moderate PD patients treated with buntanetap in the Phase 2a trial. Now, as we officially advance buntanetap into a Phase 3 trial, with a longer treatment duration and a dose range shown to be efficacious in early studies, we are one step closer to delivering a solution that can transform the lives of patients with Parkinson's Disease."
About Buntanetap
Buntanetap (previously known as ANVS401 or Posiphen) is an oral translational inhibitor of neurotoxic aggregating proteins (TINAPs), which mode of action leads to lower levels of neurotoxic proteins and consequently less toxicity in the brain. In a Phase 2a clinical trial in AD and PD patients, treatment with buntanetap resulted in statistically significant improvement in motor function in PD patients and cognition in AD patients. Additionally, buntanetap was shown to reduce biomarkers associated with AD or PD, it was well-tolerated and safe, and its pharmacokinetics were found to be in line with levels measured earlier in humans, meeting primary, secondary and exploratory endpoints.
About Annovis Bio, Inc.
Headquartered in Berwyn, Pennsylvania, Annovis Bio, Inc. is a late-stage clinical drug platform company developing transformative therapies that treat neurodegenerative disorders such as Alzheimer's disease (AD), Parkinson's disease (PD) and other chronic and acute neurodegenerative diseases. The Company believes that it is the only company developing a drug that inhibits more than one neurotoxic protein, improves the information highway of the nerve cell, known as axonal transport, reduces inflammation and protects nerve cells from dying in chronic and acute neurodegeneration. Annovis conducted two Phase 2 studies: one in AD patients and one in both AD and PD patients. In the AD/PD study, buntanetap showed improvements in cognition and memory in AD as well as body and brain function in PD patients.
For more information on Annovis Bio, please visit the Company's website www.annovisbio.com and follow us on LinkedIn and Twitter.
Forward-Looking Statements
Statements in this press release contain "forward-looking statements" that are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "expect," "believe," "will," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words, and include, without limitation, statements regarding the timing, effectiveness, and anticipated results of buntanetap clinical trials. Forward-looking statements are based on Annovis Bio, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Annovis Bio, Inc. undertakes no duty to update such information except as required under applicable law.
Media and Investor Contact:
Nic Johnson
Russo Partners, LLC
(303) 482-6405
nic.johnson@russopartnersllc.com
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SOURCE Annovis Bio | https://www.whsv.com/prnewswire/2022/08/24/annovis-bio-announces-first-patient-dosed-phase-3-trial-patients-with-early-parkinsons-disease/ | 2022-08-24T12:24:15Z |
SAN DIEGO, Aug. 24, 2022 /PRNewswire/ -- Aristea Therapeutics (Aristea), a clinical-stage immunology focused drug development company advancing novel therapies to treat serious inflammatory diseases, today announced the appointment of Mark Gergen and Daniel O'Connell, M.D., Ph.D., to the Board of Directors. Mr. Gergen will take an independent board seat, and Dr. O'Connell will take a seat on behalf of Novo Holdings. The company also announced that Michael S. Vincent, M.D., Ph.D., will join the Aristea Therapeutics Board as a Board Observer on behalf of Pfizer Inc.
James M. Mackay, Ph.D., President and CEO of Aristea, commented, "I am delighted to welcome Daniel and Mark to our Board, and Mike as a Board Observer. Each brings extensive leadership experience in life science across a wide range of therapeutic areas, and their perspectives will be invaluable to our team as we look to drive forward late stage development of our lead molecule RIST4721 and expand our clinical pipeline."
Mr. Gergen is an experienced biopharma leader with a proven track record of creating and executing strategies that have the power to build and transform businesses and create value. His therapeutic experience includes oncology, rare diseases, endocrine/metabolic, and CNS. He is currently the CEO of Poseida Therapeutics, a genetic engineering company developing novel cell and gene therapies with the capacity to cure. His experience includes multiple public offerings, and he has been involved in raising several billion dollars in capital in both private and public financings. His experience also includes driving multiple significant strategic transactions including a $3.6 billion strategic gene therapy collaboration between Poseida and Takeda and a $6 billion strategic allogenic CAR-T collaboration with Roche. Prior to Poseida, he held senior leadership positions at Halozyme Therapeutics, an oncology and drug-delivery company; Mirati Therapeutics, a targeted oncology company; Amylin Pharmaceuticals, a biopharmaceutical company focused on chronic diseases; and Cardionet, a medical technology diagnostic company. Mr. Gergen holds a J.D. from the University of Minnesota Law School and a B.A. from Minot State University.
"The opportunity we have at Aristea to help patients suffering from challenging inflammatory diseases with few treatment options is immense," said Mr. Gergen. "I am excited to join the Board of Directors and help the management team as we pursue those efforts and grow the company."
Dr. O'Connell, a Partner at Novo Ventures, has a proven track record in venture capital investments and corporate development. He was previously Executive Director of Equity and Venture Capital at Bristol Myers Squibb, where he was responsible for managing and operationalizing the $4.5B equity portfolio, comprising both direct equity investments and LP positions in venture funds. While at BMS, he was also a transaction lead in the 2020 acquisition of MyoKardia for $13.1 billion. Dr. O'Connell started in venture investing at OrbiMed Advisors and Arix Bioscience, where he led and supported investments in oncology, orphan diseases, and novel science developing technologies to address unmet medical needs. Dr. O'Connell received his M.D. and Ph.D. at the Tufts University School of Medicine and holds a B.S. from MIT.
"Aristea has positioned itself as a real leader in the inflammatory space, " said Dr. O'Connell. "I couldn't be more excited to join this dynamic team as we shepherd RIST4721 through the clinical development process and explore additional molecules and indications."
Dr. Vincent is Senior Vice President and Chief Scientific Officer of the Inflammation and Immunology Research Unit at Pfizer, leading the scientific pipeline for Rheumatology, Gastroenterology, and Dermatology specialties through the end of Phase 2. Since joining Pfizer in 2011, he has held several scientific leadership roles, most recently as Clinical Head for Pharmatherapeutics in Cambridge, MA. Over this period, he has had responsibility for clinical and translational science in the Inflammation and Immunology, Rare Disease and the Cardiovascular and Metabolic Disease Research Units, and the Centers for Therapeutic Innovation. Before joining Pfizer, Dr. Vincent held positions of increasing responsibility within Medical Sciences at Amgen, ultimately leading early clinical development for the Immunology and Neuroscience therapeutic areas. Dr. Vincent earned his BA, Ph.D., and MD degrees from Indiana University, and completed his residency and began his post-doctoral and rheumatology training at the University of Vermont, completing his fellowship at Brigham and Women's Hospital.
Aristea Therapeutics (Air-iss-tay-uh) is a clinical-stage immunology focused drug development company developing novel therapies to treat serious inflammatory diseases. The Aristea team is leveraging its broad industry expertise and proven success in drug development to form synergistic partnerships and build a pipeline of novel drugs. Aristea's lead program, RIST4721, is currently in Phase 2b clinical development. Aristea is headquartered in San Diego, CA.
In July 2021, Aristea announced a strategic collaboration with Arena Pharmaceuticals, to advance the clinical development of RIST4721. The agreement included an option to acquire Aristea upon the completion of the Phase 2b trial of RIST4721 in palmoplantar pustulosis (PPP) and provided a framework during the option period for the companies to jointly explore the development of treatments for additional neutrophil-mediated diseases, including hidradenitis suppurativa (HS). In March 2022, Arena Pharmaceuticals was acquired by Pfizer Inc. As such, the partnership and the option to acquire Aristea now sit with Pfizer.
To learn more, please visit www.aristeatx.com and follow us on Twitter (@Aristeatx) and LinkedIn (Aristea Therapeutics).
For media inquiries contact:
David Schull or Ignacio Guerrero-Ros, Ph.D.
Russo Partners
858-717-2310
646-942-5604
david.schull@russopartnersllc.com
ignacio.guerrero-ros@russopartnersllc.com
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SOURCE Aristea Therapeutics | https://www.whsv.com/prnewswire/2022/08/24/aristea-therapeutics-strengthens-its-board-directors-with-appointment-three-accomplished-biopharma-leaders-poseida-therapeutics-novo-holdings-pfizer/ | 2022-08-24T12:24:21Z |
SaaS platform for label proofing, artwork management, and creative collaboration to demonstrate latest innovations
SOUTH SAN FRANCISCO, Calif., Aug. 24, 2022 /PRNewswire/ -- Artwork Flow, Bizongo's proprietary platform, will be exhibiting at Labelexpo Americas 2022 where visitors can get a firsthand look at the software's latest innovation — an industry-leading flexible workflow functionality. With this feature, users can now build packaging workflows that will meet the specific requirements of their business.
With Project Managers' gamut of tasks involving managing teams, assigning responsibilities, setting up deadlines, and still managing to go to market without launch delays, a structured approach to label management is a must-have. Artwork Flow can help streamline project management for users.
Labelexpo participants can see this workflow functionality in action at the team's booth (#5222). Additionally, visitors can:
- Check out an AI-enabled smart proofing tool to help with FDA compliance
- See how to comply with 21 CFR Part 11
- Get a platform walkthrough to understand how Artwork Flow helps with label management, compliance, collaboration, and going to market faster
"As marketers deal with the ever-increasing complexities of managing and launching labels, Artwork Flow provides a platform to collaborate with flexible workflows along with a comprehensive expanse of proofing tools and digital asset media modules. We are excited to showcase these capabilities at Labelexpo and are confident that it would be a tremendous value addition for stakeholders involved in getting products on shelves faster," says Tabrez Shaikh, Head of Global Sales at Artwork Flow.
To learn more about how Artwork Flow can help users stay compliant, manage and proof labels, and go to market faster, visit artworkflowhq.com.
About Artwork Flow
Artwork Flow is a SaaS platform by Bizongo for label proofing and artwork management. It's a cloud-based collaboration platform to review and approve creative packaging projects to accelerate product launches. Artwork Flow helps brands across industries such as Food and Beverages, Pharmaceuticals, Cosmetics, Personal Care, Chemicals, Consumer Goods, and more.
About Bizongo
Bizongo is one of India's largest technology-driven platforms for made-to-order B2B products. It is a unified platform that solves vendor financing and supply chain for B2B categories like packaging, textiles, raw materials, and more. Bizongo serves 600+ enterprise customers across a wide range of industries and provides digital solutions to leading brands like Amazon, Johnson & Johnson, Tata Cliq, and Mondelez.
Media Contact:
Gourav K
gourav.kalbalia@bizongo.com
+1-415-964-3675
Photo: https://mma.prnewswire.com/media/1884484/Artwork_Flow_Labelexpo_Americas_2022.jpg
Logo: https://mma.prnewswire.com/media/1821575/Artwork_Flow_Logo.jpg
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SOURCE Artwork Flow | https://www.whsv.com/prnewswire/2022/08/24/artwork-flow-showcase-flexible-workflow-management-system-labelexpo-americas-2022/ | 2022-08-24T12:24:28Z |
Net profit margin was as high as 10%;
Smart analytics and operation services achieved 46% revenue growth
BEIJING, Aug. 24, 2022 /PRNewswire/ -- Bairong Inc. ("Bairong" or the "Company"; HKEX:6608), a leading artificial intelligence ("AI") and cloud-based software-as-a-service("SaaS") technology firm in China serving the financial services industry, today announced its unaudited consolidated results for the six months ended June 30, 2022.
Highlights
Mr. Shaofeng Zhang, founder, Chairman and Chief Executive Officer of Bairong, commented, "As a leader in the facilitation of the Chinese financial service industry's smart digital transformation, we are committed to develop advanced information security technologies and explore innovative solutions to assist the success of our clients. As of now, we have served more than 6,000 financial service providers in China. We are proud to announce that we ranked as the highest-scored financial SaaS enterprise among the 'Top 100 Enterprises Driving Digital Transformation in 2022' by the Internet Weekly of Chinese Academy of Sciences. Going forward, we will stick to our 'client-centric' belief, expand our client base and maintain our high key client retention. We will also follow our 'land and expand' business model, explore more growth curves and enhance our business penetration amongst individual clients to further raise average revenue per client."
Mr. Hongqiang Zhao, Executive Director and Chief Financial Officer of Bairong, added, "During the COVID-19 outbreak, digital industries such as the Internet, cloud computing, big data and AI have demonstrated strong resilience and potential. We not only supported the industry recovery, but also managed to achieve a double-digit revenue growth. For the six months ended June 30, 2022, our revenue increased 19% year-on-year to RMB945.18 million, in particular, our smart analytics and operation business maintained rapid growth, with its revenue increasing by 46% year-on-year to RMB443.52 million. Our gross profit margin maintained at a high level of 72% and our net profit margin reached 10%. Owing to our deep understanding of client needs and growing client trust, the retention rate of our key clients further increased to 94%."
Financial Results Review
Revenue
Our total revenue increased by 19% from RMB791.47 million for the six months ended June 30, 2021 to RMB945.18 million for the six months ended June 30, 2022, primarily attributable due to industry growth and our enhanced capabilities of providing products and services.
Our revenue from smart analytics and operation services increased by 46% from RMB302.79 million for the six months ended June 30, 2021 to RMB443.52 million for the six months ended June 30, 2022, primarily attributable to improvement of our comprehensive product ecosystem and growing demand from our financial service provider("FSP") clients.
Our revenue from precision marketing services decreased by 10% from RMB245.69 million for the six months ended June 30, 2021 to RMB220.33 million for the six months ended June 30, 2022, primarily attributable to the growth rate increased strongly due to the market rebound in the first half year of 2021 and return to the normal level for the first half year of 2022.
Our revenue from insurance distribution services increased by 16% from RMB242.99 million for the six months ended June 30, 2021 to RMB281.33 million for the six months ended June 30, 2022, primarily attributable to our broker team's improved productivity.
Cost of sales
The cost of sales increased by 25% from RMB214.20 million for the six months ended June 30, 2021 to RMB267.60 million for the six months ended June 30, 2022, primarily attributable to an increase of RMB46.26 million in data service costs driven by significant increase in revenues.
Gross profit and gross margin
As a result of the foregoing, the Group's gross profit increased by 17% from RMB577.27 million for the six months ended June 30, 2021 to RMB677.58 million for the six months ended June 30, 2022. The Group's gross margin was 72% for the six months ended June 30, 2022 and 73% for the six months ended June 30, 2021.
Research and development expenses
The Group's research and development expenses increased by 40% from RMB114.07 million for the six months ended June 30, 2021 to RMB159.95 million for the six months ended June 30, 2022, primarily attributable to increases in the staff costs of our research and development personnel to support product offerings and technology development.
General and administrative expenses
The Group's general and administrative expenses increased by 7% from RMB124.16 million for the six months ended June 30, 2021 to RMB132.53 million for the six months ended June 30, 2022, primarily attributable to an increase of daily office expense.
Sales and marketing expenses
Our sales and marketing expenses increased by 63% from RMB237.75 million for the six months ended June 30, 2021 to RMB388.44 million for the six months ended June 30, 2022, primarily due to an increase of RMB51.01 million of advertising and information technology services expenses, an increase of RMB28.75 million in staff costs and RMB62.29 million increase in outsourced sales service fees to grow our customer base and to establish a professional sales force. The increase in advertising and information technology services expenses were mainly due to our continuous promotional efforts to obtain high-quality traffic and improve conversion efficiency. The increase of staff costs was due to expansion of the selling and marketing teams to support our business development.
Other income/(loss)
Our net other income was RMB95.36 million for the six months ended June 30, 2022, compared with net other loss of RMB32.24 million for the six months ended June 30, 2021. This is due to an increase of RMB85.88 million in favourable foreign exchange variance due to the appreciation of USD against RMB, an increase of RMB24.51 million in the interest income from time deposits and an increase of RMB14.09 million in fair value change and gains from our investments.
Changes in fair value of redeemable convertible preferred shares
Upon the completion of the Listing, our redeemable convertible preferred shares were converted into our ordinary shares. Therefore, no change in fair value of the redeemable convertible preferred shares was recorded for the six months ended June 30, 2022.
Profit/(loss) for the period
As a result of the foregoing, the Group's profit for the six months ended June 30, 2022 was RMB93.37 million, compared with a loss of RMB 3,638.88 million for the six months ended June 30, 2021.
Cash, cash equivalents and time deposits
The Group had cash and cash equivalents and time deposits of RMB2,862.52 million and RMB2,781.36 million as of June 30, 2022 and December 31, 2021. To manage the liquidity risk, we monitor and maintain a level of cash and cash equivalents as deemed adequate by our senior management to finance our operations.
Conference Call
Our management will hold a conference call at 10:00 a.m. Beijing/Hong Kong Time on Thursday, August 25, 2022 (10:00 p.m. U.S. Eastern Time on August 24, 2022) to discuss the financial results and answer questions from investors and analysts.
For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time.
Participant Online Registration:
https://webcast.roadshowchina.cn/cmeet/UUNXSVIxTW1nV3VuZDE4Ti9jS0UvUT09
To join the conference call, please use the dial-in details as below.
Dial-in details for the earnings conference call are as follow:
China: 023-63623333/4008-063-263
Hong Kong, China: +852-30183602 /+852-30186949/800931018/800961505
International: +86-23-62737100
Dial-in Password: 567203244
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.brgroup.com.
About Bairong Inc.
Bairong Inc. is a leader in the facilitation of the Chinese financial service industry's smart digital transformation. We developed a proprietary AI and cloud-based SaaS platform, which leverages AI, cloud computing, blockchain and machine learning technologies to provide financial service providers with highly adaptable, secured and reliable products and solutions. Built upon our long-term industry understanding and user insights, we provide a comprehensive product and solution matrix covering the entire business process spanning smart user acquisition, smart analysis, smart decision-making, smart operations, and smart wealth management, etc. Recently, we ranked as the highest-scored financial SaaS enterprise among the "Top 100 Enterprises Driving Digital Transformation in 2022" by the Internet Weekly of Chinese Academy of Sciences, joining other industry leaders in facilitating the digital transformation of the economy.
For more information, please visit: http://ir.brgroup.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements. These forward- looking statements can be identified by terminologies such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and the negative of these words and other similar expressions or statements. Bairong may also make written or oral forward-looking statements in its periodic reports to the HKEx, in its annual and interim reports to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties.
Statements that are not historical facts, including statements about Bairong's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: Bairong's strategies, future business development, and financial condition and results of operations; Bairong's limited operating history; risks associated with the financial service industry, Bairong's ability to develop and deliver services of high quality and appeal to clients; Bairong's ability to generate positive cash flow and profits; Bairong's ability to compete successfully; Bairong's ability to build its brand and withstand negative publicity; and changes in client demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Bairong's filings with the HKEX. All information provided in this press release is as of the date of this press release, and Bairong does not undertake any obligation to update any forward-looking statements, except as required under applicable laws.
For investor inquiries, please contact:
Bairong Inc.
Ms. Sandy Qin, CFA, CMA
Email: ir@brgroup.com
For media inquiries, please contact:
Bairong Inc. Ms. Shuo Nie
Email: brmarketing@brgroup.com
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SOURCE Bairong Inc. | https://www.whsv.com/prnewswire/2022/08/24/bairong-inc-announces-unaudited-2022-interim-financial-results/ | 2022-08-24T12:24:34Z |
The Partnership marks Beacon Pointe's first Acquisition with a Bank Referral Relationship
NEWPORT BEACH, Calif., Aug. 24, 2022 /PRNewswire/ -- Beacon Pointe Advisors ("Beacon Pointe") has just closed another merger, this time heading back to Texas securing Benchmark Private Wealth Management ("Benchmark Private Wealth"), which has brick and mortar offices located in Dallas and Waco and serves the greater DFW, Plano, Austin, Waco and Houston marketplaces.
Benchmark Private Wealth Management is unique to previous Beacon Pointe acquisitions in that it is the first time procuring a wealth advisory group initially connected to a bank. Beacon Pointe will maintain a professional third-party referral relationship with Benchmark Bank to provide wealth management, investment advisory, and financial planning services to clients of the bank. With over $600M in assets under management, Benchmark Private Wealth marks Beacon Pointe's fourth acquisition in Texas and the third in the state within the last year, following the acquisition of Rosenthal Retirement Planning in Fort Worth in October 2021 and Wealthstreet Investment Advisors in Dallas in April 2021.
"We start every client and business relationship with trust, integrity, respect, and family," shares Wayne McCullough, former President and Managing Partner of Benchmark Private Wealth, now Partner, Managing Director of Beacon Pointe, "and Beacon Pointe reflects these same core values. Since the day I stepped into the financial services industry I believed in a client-first, employee-second and shareholder-third mentality. This belief system has always served us well and kept our clients' needs at the forefront of our team. By joining Beacon Pointe, we now can take that client service standard to the next level thanks to Beacon Pointe's back-office support in the areas of planning, compliance and operations that will only enhance our service efficiencies."
The newest Beacon Pointe team is led by Wayne McCullough, Keith Ferguson, Allen Ferguson, and Rawles Bell who have all become partners at Beacon Pointe Advisors. They are joined by four professional team members, Jamie Montgomery, Skylar Ricard, Olivia Costanza and Webb Mulligan.
A veteran of the financial services industry, Wayne C. McCullough, CFP®, has over twenty years of experience serving high-net-worth individuals and families. A sixth-generation Texan, Wayne received his bachelor's degree from the University of Texas and holds the Certified Financial Planner™ (CFP®) designation.
Keith Ferguson has over four decades of experience in the wealth management industry. He began his own practice, Ferguson Wealth Management Group, in Waco, TX serving as Managing Principal before merging his practice with Benchmark Private Wealth Management. Keith graduated from Baylor University with a degree in Business Administration and is a member of St. Mark Lutheran Church, the Rotary Club of Waco, and the Waco Business League.
With over a decade of experience in the financial services industry, Allen Ferguson began his career at Wells Fargo before joining Ferguson Wealth Management Group as a financial advisor. He then transitioned to an Associate Partner role at Benchmark Private Wealth Management. Allen received his bachelor's degree from the University of Texas and his MBA from Baylor University with a concentration in Finance. Additionally, he is a Certified Financial Planner™ (CFP®) professional.
Rawles Bell, CIMA®, began his career as a financial advisor at RBC Wealth Management before moving to a client advisory role and Associate Partner at Benchmark Private Wealth Management. Rawles graduated from Texas A&M University with a degree in Finance and Economics and is a Certified Investment Management Analyst® (CIMA®) professional.
"Beacon Pointe has seen considerable activity in Texas over the past year and each new team that has joined has shown time and again that they have an intentional dedication to their clients," comments Shannon Eusey, CEO of Beacon Pointe Advisors. "We're excited to welcome this new team to the Beacon Pointe family, as their mindset and culture deeply align with the values that we hold dear."
"Beacon Pointe now totals five offices in north Texas which really helps us build density in the Dallas-Fort Worth metro area. I have known the Benchmark team for five years and we are pleased they are now members of Beacon Pointe Advisors – they will bring a great energy to our growth efforts in DFW and the entire state of Texas. They are top notch professionals," states Matt Cooper, President of Beacon Pointe Advisors.
The transaction formally closed on June 30, 2022. Financial terms of the transactions were not disclosed.
Shannon Eusey, Matt Cooper, and Wayne McCullough are available for interviews upon request.
Beacon Pointe Advisors is a multi-billion-dollar registered investment adviser headquartered in Newport Beach, California, with office locations and clients located nationally. Clients have long relied on Beacon Pointe's professional advisors to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, evaluate fund performance, and develop strategic financial plans through our proprietary allWEALTH® approach. Our advisors' extensive expertise and strong commitment to our clients can be seen through numerous awards, including being recognized by Bloomberg, Forbes, Financial Advisor Magazine, CNBC, Barron's and more. For more information on Beacon Pointe's wealth advisory services, please visit: www.beaconpointe.com.
Media Contact:
Sara Drake
(949) 478-7425
sdrake@beaconpointe.com
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SOURCE Beacon Pointe Advisors | https://www.whsv.com/prnewswire/2022/08/24/beacon-pointe-600m-benchmark-private-wealth-management-join-forces-mampa-partnership/ | 2022-08-24T12:24:41Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ - The United States is the second largest and fastest growing market in the no and low-alcohol category globally, but limited discoverability of where premium non-alcoholic and alcohol-free products are available has been holding people back from committing to change. According to data from the Better Without app, 53% of consumers would visit a venue more often if better alcohol-free options were available.
Better Rhodes, pioneers in the no and low-alcohol category, is breaking down a key barrier to discovering alcohol-free drinks and the places that sell them with the introduction of Places within the Better Without app. Already a popular feature in the United Kingdom, Places further enhances the app's usefulness as a destination for sober curious drinkers, allowing them to search for and locate products in nearby stores, venues and other alcohol-free retailers.
The feature is a major victory for adult beverage consumers looking to make a lifestyle change or anyone searching for local restaurants that are more inclusive of mindful drinking trends. Starting in New York, Los Angeles and Chicago, Better Rhodes has plans to continue the feature rollout throughout the US, with Canada to follow soon after. As part of the launch, users will also be able to submit their own updates on locations or products, a new innovation aimed at empowering consumers and enhancing the community.
"Since we started this journey, Better Rhodes has been all about making alcohol-free approachable, educational, and accessible," said Daniel Stiller, CEO, Better Rhodes. "Our recent acquisition of the Better Without app moved us even further in that direction, and we're incredibly excited to bring this added layer of functionality and convenience to our growing community."
ABOUT BETTER RHODES: Founded by Chris Becker, Daniel Stiller and Dhimant Patel, Better Rhodes believes that all businesses and consumers should enjoy choice and selection when purchasing non-alcoholic beers, wines and spirits. Inspired by the Old English meaning of 'clearing in the woods', Better Rhodes has created a rapidly growing, inclusive community built around empowering choice and striving for self-improvement. Better Rhodes believes that everyone who reaches 'the clearing' should be celebrated, regardless of how they got there or how long they stay. North America's leading destination for news, information, community and product availability, Better Rhodes is now the industry's leading seller of alcohol-free adult beverages.
For further information or to set up an interview with Better Rhodes CEO Daniel Stiller, please contact: SARAH ELLAM, YBIMC, 647-296-1879, sarah@ybimc.com
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SOURCE Better Rhodes | https://www.whsv.com/prnewswire/2022/08/24/better-rhodes-makes-alcohol-free-more-discoverable-adding-places-feature-its-better-without-app-us/ | 2022-08-24T12:24:47Z |
Fast-growing financial technology company named to the annual list of America's fastest-growing, privately-owned companies.
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Last week, Inc. revealed that Beyond made its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses.
"Beyond is on a mission to transform the payments technology industry—and this accomplishment is a testament to where we are headed, and the hard work our team has put in. Beyond continues to bring our clients the innovative products they need, with the transparent, honest business practices they expect and deserve," remarked Mike Peters, President and CEO, on what has helped the company achieve such rapid growth.
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. In the past year, Beyond has launched new, proprietary products, grown its salesforce, and welcomed new leadership.
"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.
In an industry with a legacy of deception and questionable practices, Beyond was founded with integrity and transparency at the core of its business model. Thanks to the Beyond Promises, business owners can have confidence that they will never be subjected to indiscriminate rate increases or locked into long-term contracts. The ten legally binding Beyond Promises were written to support clients and earn their business every day. This commitment to doing the right thing has led Beyond to achieve significant growth in its first five years in business.
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021.
One of the country's fastest-growing financial technology companies, Beyond offers SMB payment and business solutions. Guided by the Beyond Promises, the company provides transparent statements, fixed pricing, and local Business Advocates in communities across the country. Learn more about the unprecedented commitments Beyond makes to its clients.
Media Contact
debbie.mackintosh@getbeyond.com
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SOURCE Get Beyond | https://www.whsv.com/prnewswire/2022/08/24/beyond-named-2022-inc-5000-annual-list/ | 2022-08-24T12:24:54Z |
MINNEAPOLIS, Aug. 24, 2022 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today announced that it has been included in the Forbes list of Best-in-State Employers 2022. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list can currently be viewed on the Forbes website.
America's Best-in-State Employers 2022 were identified in an independent survey based on a vast number of participants of approximately 70,000 Americans working for companies with more than 500 employees in the USA. According to the North American Industry Classification System (NAICS), there are over 42,000 companies with an employee base of over 500 employees. The survey was conducted across 25 industry sectors, with 1,380 unique companies selected as top employers. This recognition puts Bio-Techne in the top 4% of companies nationwide that were eligible for consideration.
The evaluation was based on direct and indirect recommendations from employees who were asked to rate their willingness to recommend their own employers to friends and family. Employees were also asked to evaluate other employers in their respective industry and state that stood out either positively or negatively.
"We are elated to be included in Forbes' list of Best-in-State Employers 2022," said Chuck Kummeth, President and Chief Executive Officer of Bio-Techne. "This recognition serves as evidence that we are building a corporate culture and workplace environment that is valued by our employees, which has grown to include over 3,000 Bio-Techne team members."
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
612-656-441
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SOURCE Bio-Techne Corporation | https://www.whsv.com/prnewswire/2022/08/24/bio-techne-included-forbes-best-in-state-employers-2022-list/ | 2022-08-24T12:25:01Z |
Ms. Lawhon has nearly 20 years of oncology drug development, partner engagement and corporate strategy leadership experience
SAN DIEGO, Aug. 24, 2022 /PRNewswire/ -- Biotheryx, Inc., a clinical stage company discovering and developing a portfolio of innovative small molecule targeted protein degraders (TPDs) in areas of high unmet medical need, today announced the appointment of Tracy Lawhon, J.D., as Chief Development Officer (CDO).
"We are thrilled to welcome Tracy to Biotheryx as our Chief Development Officer," said Philippe Drouet, President and Chief Executive Officer (CEO) of Biotheryx. "She brings a tremendous depth of expertise, having led drug development and other strategic initiatives at clinical and commercial stage biopharmaceutical companies, and she shares our commitment to advancing new medicines for people with cancer and other diseases. I am confident that Tracy's entrepreneurial approach and knowledge will enhance our development strategy and capabilities as we progress our pipeline of TPDs."
"I am honored to join the protein degradation pioneers at Biotheryx and help build it into a leading next-generation TPD company to better support patients with cancers and other serious diseases," said Ms. Lawhon. "The Company's pipeline and proprietary PRODEGY platform show great potential, and I am excited to collaborate with the talented Biotheryx team to bring innovative new therapies to patients."
Ms. Lawhon previously served as Vice President of Strategic Development and Clinical Operations at Valo Health Inc., where she co-led clinical development and led pharmaceutical sciences using real world data and modeling to advance two cardiovascular/metabolism assets into Phase 2 development and led pharmaceutical sciences through acquisition and IND-enabling development of a biologic for oncology. Prior, Ms. Lawhon was a founding executive at Adastra Pharmaceuticals, Inc. (formerly Tragara), where she held roles including Chief Operating Officer, Interim CEO and CDO. During her tenure, she drove the strategic and operational development of drug candidates and designed and executed regulatory strategies and submissions for multiple IND applications. Ms. Lawhon also held leadership roles at Cabrellis Pharmaceuticals, Novartis and Schering-Plough Research Institute. She earned her J.D. from Indiana University School of Law and B.S. in Microbiology from Indiana University.
Biotheryx is a clinical stage biopharmaceutical company discovering and developing a portfolio of innovative small molecule targeted protein degraders (TPDs) in areas of high unmet medical need, with an initial focus on cancer. Members of our founding and scientific teams previously developed the first Food and Drug Administration (FDA) approved modulators of Cereblon, the most widely validated E3 ligase involved in protein degradation, and have applied their expertise in Cereblon binding to build our proprietary PRODEGY platform. Our lead product candidate, BTX-1188, is a rationally designed dual-targeting molecular glue degrader of GSPT1 and IKZF1/3, which we are currently developing in a Phase 1/2 clinical trial in acute myeloid leukemia and solid tumor patients. Our broad and growing pipeline includes degraders of SOS1 for KRAS mutant cancers and CDK2/4/6 for solid tumors, with a goal of submitting three additional investigational new drug (IND) applications to the FDA over the next three years. For more information, please visit www.biotheryx.com and engage with us on LinkedIn.
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SOURCE Biotheryx, Inc. | https://www.whsv.com/prnewswire/2022/08/24/biotheryx-announces-appointment-tracy-lawhon-chief-development-officer/ | 2022-08-24T12:25:07Z |
HONG KONG, Aug. 24, 2022 /PRNewswire/ -- BIT Mining (NYSE: BTCM) issued a letter to investors today:
Dear Colleagues, Investors and Friends of BIT Mining,
Our company has historically tried to remain humble in our approach to our communications with the public and allowed our actions to speak for themselves. However, with the recent declines in both the stock and cryptocurrency markets, we wanted to respond to the situation by addressing you directly. We have noticed the recent fluctuations in the share price, and this letter is to serve as a reminder of the incredible resilience of this company, as well as to give you some updates on the bright future to come. Internally, we remain strong, united and optimistic. We have a proven track record of overcoming obstacles and we attribute much of our past, present and future success to our ability to remain adaptable while quietly and diligently working toward our goals, regardless of any outside circumstances.
After two rounds of financing in 2022, we continue to invest in R&D, innovation and upgrading our core businesses. Our 82.5 MW power capacity at the Ohio Data Center not only can accommodate our own mining operations but also provide hosting services for third parties. We've settled our operations in the United States which offers a rich diversity of opportunity, a better regulatory framework, a stable power supply, and access to the most efficient capital markets on the planet. Our subsidiary, the ASIC designer and machine manufacturer, Bee Computing has completed prototypes of a new generation of highly efficient BTC and LTC/DOGE mining machines utilizing the latest technology. In the coming months, we will have engineering samples and commence testing of the new BTC miners. Our new ETC miners are among the lowest in terms of power consumption (0.7w/M) on the market. With our partners at Global Foundries, we've also successfully taped out a 12 nm chip and have completed production of more than 1,000 Litecoin mining wafers.
Our company has twice built incredibly successful businesses which have been halted by governmental regulations, so we are no stranger to reinventing ourselves. As recently as May 2021, we were operating a total of 435 MW of 100% sustainable, hydropower energy and had built the largest data center in the world to date - a 300 MW hydropower facility in Sichuan province. Our company had already set our sights globally at this time, but a policy change accelerated our plans and we carried them out swiftly, with determination and perseverance. Furthermore, we took this transitional opportunity to focus on diversifying our business, acquiring the mining pool, BTC.com, and ASIC designer and machine manufacturer, Bee Computing. When you invest in our company you get exposure to cryptocurrencies without having to hold the underlying assets, mining and data center operations, mining pool services, and ASIC R&D and machine manufacturing. We firmly believe this continual progress and our investment in future growth will yield the greatest returns in the medium to long term for our investors.
Having overcome many obstacles, what was once a gradually growing confidence in our company's ability to redefine itself has turned into excitement about the next challenge to come, as every crisis we've faced has been turned into another opportunity to evolve. We want to remind our investors that the fluctuations in our share price will not affect our regular business operations, nor will it cause us to lose sight of our long-term growth strategy. We want to also take a moment to mention that we are proud to be a part of the greater cryptocurrency sector, where there is such an amazing and inspiring amount of innovation and imagination, and we remain devoted to continually and actively exploring new opportunities within the space.
On behalf of everyone at BIT Mining, I want to thank you for your continued support of our company throughout the years, remind you that your help has been absolutely essential to our success, and assure you that BTCM will endure beyond this current downturn in the cryptocurrency markets. Regardless of any outside forces, we have continually proven our ability to remain adaptable and focused on our goals, reaffirmed our commitment to our growth strategy and advancing the vertical integration of the supply chain, and every calculated risk we have taken has been done with an eye to the ultimate goal of creating long term value for our investors. When the ice melts from this so-called crypto winter, our company will be incredibly well positioned because of the groundwork we're currently setting in place, our diversification within the space beyond the core business of cryptocurrency mining, and our ability to not only persevere, but redefine and strengthen our character with each challenge we overcome. We believe that the brightest days for our company lie ahead. Until then, please stay tuned and we'll stay focused.
Sincerely,
Bo Yu
Chairman, BIT Mining Limited
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, data center operation and miner manufacturing. The Company owns the world's top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The Company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, enabling the Company's self-efficiency through vertical integration with its supply chain.
Safe Harbor Statements
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
For more information:
BIT Mining Limited
ir@btcm.group
ir.btcm.group
www.btcm.group
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com
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SOURCE BIT Mining Limited | https://www.whsv.com/prnewswire/2022/08/24/bit-mining-letter-our-investors/ | 2022-08-24T12:25:09Z |
REDWOOD CITY, Calif, Aug. 24, 2022 /PRNewswire/ -- Blox.ai, Mad Street Den's AI platform, rolls out a single unified product line for bringing together both Data Enrichment and Customer Experience tools for enterprises across the globe.
For the first time in history, enterprises can build elaborate customer experiences with clean data, overcoming the last decade's junk-in, junk-out problems. Product and Technical teams can now build their own models, use preset models to organize data and create taxonomies in a matter of minutes as opposed to months. With the introduction of this new product line, enriching and creating clean catalog and content data becomes simple and instant, allowing the design of personalized customer experiences for their consumers using this data. This is AI like never before!
Poor data that cannot be capitalized on is a challenge businesses across industries face. 'Ugly' data causes companies to miss out on key indicators and information that can help them refine their product & make informed business decisions. This affects their ROI, the experiences they deliver to their customers, and their revenue.
Blox helps enterprises distill huge volumes of data and make it usable. And then it connects all that data to different types of workflows - whether its managing customer journeys or workflows across teams. Today, enterprises are forced to buy point solutions from different software vendors, each addressing a single point in the journey, as opposed to end to end systems that talk to data at different points in the workflows. What they get is a hodge-podge of data, every vendor interpreting data differently and using it differently for the same customer, preventing any meaningful personalization. Data management and Customer Experience are inherently linked, and having different sources of truth significantly stunts the results and wastes resources.
Blox aims to solve this problem by bringing all of this together on one platform. Companies can now build models, use preset models, clean their catalogs of data and manage Customer Experiences in one interface with a single backend - A single AI-Stack for all your Data and CX needs.
"Organizations are constantly pursuing tangible ROI on their AI-led investments, and it's critical to understand why off-the-shelf point implementations fail. In all our conversations with business leaders, we have noticed that the data they're building their models on is broken. That's what Blox.ai aims to fix first. We are building a continuum for the data lifecycle so that your AI models can look across, interoperate and work with all the different pieces of data in that continuum, creating a single source of truth that accurately represents your business and is capable of delivering value." says Ashwini Asokan, CEO & Founder of Blox.ai.
The platform is industry agnostic and is already powering companies across Retail, Finance, Healthcare, Insurance, Logistics and more. "Every business out there wants to use AI, but there's a learning curve and it can take upto 24 months to start seeing any impact of the AI on the business. With Blox.ai, we give you AI in a box and reduce that entire journey to 90 days", says Anand Chandrasekaran, CTO of Blox.ai. "We're giving teams all the tools they need to customize and deploy AI models that are mission-critical for them in a manner that works with their tech stack. You don't need to be a data scientist to deploy AI anymore. Our ability to deploy Blox as independent modules and simultaneously as a platform uniquely place it in a position to truly collaborate with businesses from end-to-end and support them through every step of the project lifecycle. And what we're seeing because of this, is reduced costs and increased flexibility in the form of revenue levers, like never before" he added.
Mad Street Den is an Enterprise AI company with a mission to make businesses and teams AI-native by driving top-down and bottom-up change in AI adoption. Blox.ai is Mad Street Den's proprietary AI stack for enterprise businesses to provide them with Computer Vision & NLP-led solutions that solve problems ranging from data unification & structuring to prediction & personalization as well as workflow and process automation. With a combination of ready-to-use APIs, no-code, and low-code tools, Blox enables marketing, product, sales, and technology teams to bring an order of magnitude improvement to lead generation, churn reduction, revenue growth, cost efficiency, and more. Blox.ai is currently deployed across several industries, including Retail (under the brand name Vue.ai), healthcare, finance, media and entertainment, education, and more.
Mad Street Den is backed by leading investors such as Sequoia Capital and Falcon Edge Capital and works with some of the largest conglomerates across every geography.
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SOURCE Mad Street Den | https://www.whsv.com/prnewswire/2022/08/24/blox-launches-worlds-first-ai-powered-data-enrichment-digital-customer-experience-platform-one-unified-product/ | 2022-08-24T12:25:16Z |
- Partnership offers new integration enabling business customers with complex needs to self-serve and sync their BMO and Xero accounts in a matter of minutes
- Customers see daily balances and transactions automatically – no need to sign into online banking or manually export or upload files
TORONTO and CHICAGO, Aug. 24, 2022 /PRNewswire/ - BMO Financial Group and global cloud-based accounting platform, Xero, are making it easier for business customers to run and grow their business with the introduction of automatic transaction synchronization. Coming later this year, BMO customers using Online Banking for Business will be able to seamlessly send daily bank feeds to their Xero account. For BMO, this is one in a series of partnerships that enable customers to tailor their banking services to their day-to-day operations and workflow.
"Our clients have told us: the less time we need to spend on manual tasks, the better," said Hugh McKee, Head, BMO Partners. "Our partnership enables automatic transaction syncing between BMO and Xero, which gives owners more time to focus on what matters to them – making progress and growing their business."
This integration will enable BMO's business customers utilizing Online Banking for Business to connect directly and help gain back time previously spent on data entry and reconciliation, and introduces the following features:
- Automatically receive the latest BMO transactions and account balances from Xero accounts daily
- A one-year transaction and balance history right from the start
- Control to modify or deactivate this integration at any time from a BMO account
"Empowering businesses with solutions that improve their day-to-day operations is a key priority for BMO," said Sean Ellery, Head, Digital and Innovation, Commercial Banking, BMO Financial Group. "Our partnership with Xero gives our clients with complex business needs yet another tool to help make their businesses more efficient and profitable."
"Xero is incredibly excited to work with BMO and enable small businesses to use technology designed to help them gain back time during their day," said Chris O'Neill, Chief Growth Officer, Xero. "We share the same vision of better serving small businesses across the US and Canada, and this partnership is a major first step in our relationship to do just that."
BMO is paving the way as a digitally enabled, future-ready bank harnessing the potential of emerging technologies for real-time information and processing. As the industry moves towards Open Banking, BMO is supporting customers by creating a robust API infrastructure, underpinned by security, to enable safe and secure financial decisions.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $1.04 trillion as of April 30, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets
About Xero
Xero is a global small business platform with 3.3 million subscribers which includes a core accounting solution, payroll, workforce management, expenses and projects. Xero also provides access to financial services, and an ecosystem of more than 1,000 connected apps and more than 300 connections to banks and other financial institutions. Through Xero's open platform, small businesses can connect to a range of solutions that help them run their business and manage their finances. For three consecutive years (2020-2022) Xero was included in the Bloomberg Gender-Equality Index. In 2021, Xero was included in the Dow Jones Sustainability Index (DJSI), powered by the S&P Global Corporate Sustainability Assessment. Xero has been named as a FIFA Women's Football partner under FIFA's new commercial structure.
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SOURCE BMO Financial Group | https://www.whsv.com/prnewswire/2022/08/24/bmo-xero-helping-businesses-put-bookkeeping-autopilot/ | 2022-08-24T12:25:22Z |
BRINKER INTERNATIONAL REPORTS FOURTH QUARTER OF FISCAL 2022 RESULTS
Published: Aug. 24, 2022 at 6:45 AM EDT|Updated: 2 hours ago
DALLAS, Aug. 24, 2022 /PRNewswire/ -- Brinker International, Inc. (NYSE: EAT) today announced results for the fourth quarter of fiscal 2022 ended June 29, 2022 and provided a financial outlook for fiscal 2023.
"During my first sixty days I've spent considerable time in restaurants with our operators, exchanging ideas on how to make our operations more efficient, improve the guest experience, and grow the core business," said Kevin Hochman, Chief Executive Officer and President of Brinker International. "We're making quick interventions to better offset the tough inflationary headwinds and build sales momentum in the near term, as we work to meaningfully improve our four-wall economics and better position our business for long term sustainable and profitable growth."
Fiscal 2022 Highlights - Fourth Quarter
Brinker International reported Company sales of $987.4 million in the fourth quarter of fiscal 2022 as compared to $990.9 million in the fourth quarter of fiscal 2021. In fiscal 2021, the fourth quarter and fiscal year included an additional operating week resulting in an increase of approximately $70 million to Total revenues and $0.34 to Net income per diluted share.
Operating income in the fourth quarter of fiscal 2022 was $44.7 million as compared to $100.6 million in the fourth quarter of fiscal 2021. Operating income, as a percentage of Total revenues, in the fourth quarter of fiscal 2022 was 4.4% as compared to 10.0% in the fourth quarter of fiscal 2021. This decrease was primarily due to higher commodity costs, restaurant expenses, the impact of the additional operating week in fiscal 2021 and increased restaurant labor costs.
Restaurant operating margin, as a percentage of Company sales, in the fourth quarter of fiscal 2022 was 10.3% as compared to 16.9% in the fourth quarter of fiscal 2021.
Net income per diluted share, on a GAAP basis, in the fourth quarter of fiscal 2022 was $0.90 as compared to $1.58 in the fourth quarter of fiscal 2021 including the impact of the additional operating week.
Net income per diluted share, excluding special items, in the fourth quarter of fiscal 2022 was $1.15 as compared to $1.68 in the fourth quarter of fiscal 2021 including the impact of the additional operating week.
Adjusted EBITDA in the fourth quarter of fiscal 2022 was $100.2 million as compared to $144.3 million in the fourth quarter of fiscal 2021.
For comparable restaurant sales details and non-GAAP reconciliations, please refer to the Non-GAAP Information and Reconciliations section of this release.
Comparable Restaurant Sales(1)
Average Weekly Sales
The following table consists of average weekly Company sales per restaurant for all Company-owned restaurants. The amounts are presented in thousands:
Financial Metrics
Full Year Fiscal 2023 Guidance
We anticipate the following for fiscal 2023. The uncertainties created by current macroeconomic conditions could cause actual results to differ materially from those projected.
Total revenues are expected to be in the range of $3.9 - $4.0 billion;
Net income per diluted share, excluding special items, is expected to be in the range of $2.45 - $2.85;
Capital expenditures are expected to be in the range of $155 - $165 million;
Weighted average shares are expected to be in the range of 44 - 45 million.
We are unable to reliably forecast special items without unreasonable effort. As such, we do not present a reconciliation of forecasted non-GAAP measures to the corresponding GAAP measures.
Fourth Quarter of Fiscal 2022 Operating Performance
Segment Performance
The table below presents selected financial information (in millions, except as noted) related to our segments' operational performance for the thirteen week period ended June 29, 2022 and the fourteen week period ended June 30, 2021:
Chili's
Chili's Company sales decreased primarily due to the impact of the additional operating week in the prior year and lower To-Go sales, partially offset by dining room sales growth, the acquisition of 68 restaurants in fiscal 2022 previously owned by franchisees and higher delivery sales.
Chili's Franchise and other revenues increased primarily due to incremental gift card breakage resulting from a change in estimate.
Chili's Company restaurant expenses, as a percentage of Company sales, increased primarily due to higher commodity costs, sales deleverage, advertising, utilities expenses, rent expenses and increased restaurant labor costs including wage rates. These increases were partially offset by lower manager bonuses.
Maggiano's
Maggiano's Company sales increased primarily due to higher dining room and banquet sales, partially offset by the impact of the additional operating week in the prior year.
Maggiano's Company restaurant expenses, as a percentage of Company sales, increased primarily due to higher commodity costs, restaurant labor costs, manager bonuses and supervision expenses.
Income Taxes
On a GAAP basis, the effective income tax rate was a benefit of 18.2% in the fourth quarter of fiscal 2022 which is lower than the statutory rate of 21.0% due to leverage of the FICA tip tax credit. Excluding the impact of special items, the effective income tax rate was a benefit of 5.8% in the fourth quarter of fiscal 2022.
Webcast Information
Investors and interested parties are invited to listen to today's conference call, as management will provide further details of the quarter and business updates. The call will be broadcast live on Brinker's website today, August 24, 2022 at 9 a.m. CDT:
For those who are unable to listen to the live broadcast, a replay of the call will be available shortly thereafter and will remain on Brinker's website until at least the end of the day September 7, 2022.
Additional financial information, including statements of income which detail operations excluding special items, franchise and other revenues, and comparable restaurant sales trends by brand, is also available on Brinker's website under the Financial Information section of the Investor tab.
Forward Calendar
SEC Form 10-K for the fiscal 2022 filing on or before August 29, 2022
Earnings release call for the first quarter of fiscal 2023 on November 2, 2022
Non-GAAP Measures
Brinker management uses certain non-GAAP measures in analyzing operating performance and believes that the presentation of these measures in this release provides investors with information that is beneficial to gaining an understanding of the Company's financial results. Non-GAAP disclosures should not be viewed as a substitute for financial results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP measures are included in the tables below.
About Brinker
Brinker International, Inc. is one of the world's leading casual dining restaurant companies and home of Chili's® Grill & Bar, Maggiano's Little Italy® and two virtual brands: It's Just Wings® and Maggiano's Italian Classics™. Founded by Norman Brinker in Dallas, Texas, we've ventured far from home, but stayed true to our roots. Brinker owns, operates or franchises more than 1,600 restaurants in 29 countries and two U.S. territories. Our passion is making people feel special, and we hope you feel that passion each time you visit one of our restaurants or invite us into your home through takeout or delivery. Learn more about Brinker and its brands at brinker.com.
Forward-Looking Statements
The statements and tables contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are made only based on our current plans and expectations as of the date such statements are made, and we undertake no obligation to update forward-looking statements to reflect events or circumstances arising after the date such statements are made. Forward-looking statements are neither predictions nor guarantees of future events or performance and are subject to risks and uncertainties which could cause actual results to differ materially from our historical results or from those projected in forward-looking statements. Such risks and uncertainties include, among other things, the impact of general economic conditions, including inflation, on economic activity and on our operations; the impact of the COVID-19 pandemic, the crisis in Ukraine and related disruptions on our business including consumer demand, costs, product mix, our strategic initiatives, our and our partners' supply chains, operations, technology and assets, and our financial performance; the impact of competition; changes in consumer preferences; consumer perception of food safety; reduced consumer discretionary spending; unfavorable publicity; governmental regulations; the Company's ability to meet its business strategy plan; loss of key management personnel; failure to hire and retain high-quality restaurant management and team members; the impact of social media or other unfavorable publicity; reliance on technology and third party delivery providers; failure to protect the security of data of our guests and team members; product availability and supply chain disruptions; regional business and economic conditions; volatility in consumer, commodity, transportation, labor, currency and capital markets; litigation; franchisee success; technology failures; failure to protect our intellectual property; outsourcing; impairment of goodwill or assets; failure to maintain effective internal control over financial reporting; downgrades in credit ratings; changes in estimates regarding our assets; actions of activist shareholders; adverse weather conditions; terrorist acts; health epidemics or pandemics (such as COVID-19); and tax reform; as well as the risks and uncertainties described in "Risk Factors" in our Annual Report on Form 10-K and future filings with the Securities and Exchange Commission.
Restaurant operating margin is not a measurement determined in accordance with GAAP and should not be considered in isolation, or as an alternative to operating income as an indicator of financial performance. Restaurant operating margin is widely regarded in the restaurant industry as a useful metric by which to evaluate restaurant-level operating efficiency and performance of ongoing restaurant-level operations. This non-GAAP measure is not indicative of overall Company performance and profitability because this measure does not directly accrue benefit to the shareholders due to the nature of costs excluded.
We define Restaurant operating margin as Company sales less Food and beverage costs, Restaurant labor and Restaurant expenses. We believe this metric provides a more useful comparison between periods and enables investors to focus on the performance of restaurant-level operations by excluding revenues not related to food and beverage sales at Company-owned restaurants, corporate General and administrative expenses, Depreciation and amortization, and Other (gains) and charges. Restaurant operating margin as presented may not be comparable to other similarly titled measures of other companies in our industry.
Reconciliation of Adjusted EBITDA (in millions)
Brinker believes presenting Adjusted EBITDA provides a useful measure of our operating performance, excluding the impacts of financing costs, capital expenditures and special items. Adjusted EBITDA is not a measurement determined in accordance with GAAP and should not be considered in isolation. We define Adjusted EBITDA as Operating income before Depreciation and amortization and Other (gains) and charges.
Reconciliation of Free Cash Flow (in millions)
Brinker believes presenting free cash flow provides a useful measure to evaluate the cash flow available for reinvestment after considering the capital requirements and expenditures of our business operations.
SOURCE Brinker International Payroll Company, L.P.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.whsv.com/prnewswire/2022/08/24/brinker-international-reports-fourth-quarter-fiscal-2022-results/ | 2022-08-24T12:25:29Z |
Company Continues to Grow and Ignite Innovation Within the Insurance Industry Domestically and Globally
DES MOINES, Iowa, Aug. 24, 2022 /PRNewswire/ -- BrokerTech Ventures (BTV), the industry's first broker-led group and accelerator program celebrates its 3rd anniversary while continuing to make headlines in the insurance industry.
BTV was launched in 2019 at InsureTech Connect (ITC), the largest insurance technology (insurtech) conference and convening platform in the world. Since that time, the company has grown to include 15 of the most notable super-regional brokerage firms in the nation, 14 of the world's most highly respected insurance carriers and wholesalers, and 48 insurtech startups from around the world, inclusive of those in the U.S., Israeli, and Latin American accelerator programs. BTV also represents multi-billions of dollars in premiums and overall distribution.
Due to its influence in the insurance industry brokerage space, BTV fueled BrokerTech Connect — an insurtech series for the broker-centric community — during ITC in 2021 and was asked to do so again this coming September in Las Vegas, Nevada.
Most recently, BTV has been featured in all Alliance of Area Business Publishers (AABP) publications for its work to ignite and fuel the "tech-enabled broker."
"When we launched BrokerTech Ventures, we knew there was a need in the insurance industry, specifically dedicated to the broker side of the equation," said Dan Keough, Holmes Murphy Chairman & CEO and BTV Co-CEO. "Brokers are the primary distribution channel for insurance with a direct lens into the client experience. However, until BTV was formed, there wasn't an effort to bring together brokers, innovators, investors, and the industry to find, vet, and bring to market products and solutions specific to clients' needs. That's what BTV is doing today in an effort to help our clients identify risks sooner and drive down costs faster."
What may be most impressive is the perceived valuation increase from the BTV Accelerator program, as BTV believes the greatest metrics of its success lives within the data. Here are the numbers we've seen to date:
- 2020 & 2021 Cohort Activity:
As BTV has grown, the brand has also evolved. In fact, BTV has just launched a refreshed look to modernize and reflect the depth and breadth of the company.
"Through BTV, we believe we are bringing together the greatest minds around insurtech trends, technologies, and applications through our collective owners, partners, and startups," said Keough. "We can't wait to see what the next year for BTV brings to the industry and to our clients."
Based in the insurance nucleus of Des Moines, Iowa, BrokerTech Ventures (BTV) is the first broker-led convening platform and accelerator program focused on delivering innovation to the insurance broker industry. Founded in 2019, BTV provides a venue for the best minds in insurance and technology to collaborate and bring to market leading-edge ideas and solutions. BTV invests in the research and testing for each of the chosen startups, provides access to veteran industry mentors, and helps scale the technology to market through broker distribution channels. Learn more at www.brokertechventures.com, or follow us on Twitter (@BrokerTechVen), LinkedIn, or Facebook.
Contact: Adam Scheurenbrand
515-205-4080
ascheurenbrand@ls2group.com
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SOURCE BrokerTech Ventures | https://www.whsv.com/prnewswire/2022/08/24/brokertech-ventures-celebrates-3-years-continues-make-impact-globally/ | 2022-08-24T12:25:36Z |
Plus: Upcoming webinar will address what successful business owners need to know and event for combat-wounded veterans in the works
DAYTON, Ohio, Aug. 24, 2022 /PRNewswire/ -- Buckingham Advisors, an Ohio-based independent financial advisory firm that provides investment management, financial planning, tax, and business services, has been named in Financial Advisor Magazine's 2022 RIA Survey and Ranking. The annual ranking listed the top 534 Registered Investment Advisory firms in the U.S. by assets under management (AUM). Buckingham Advisors ranked 32nd out of 88 firms in their asset class of $500 million to <$1 billion, with year-end 2021 assets totaling over $785 million.
"We are honored to be featured in Financial Advisor magazine's RIA Rankings," said Jay A. Buckingham, CEO of Buckingham Advisors. "Despite the pandemic and market volatility, our dedication to maintaining strong client focus and aligning the solutions our clients need to help them achieve the best possible outcomes resulted in organic asset growth of 18.75% last year."
To see Financial Advisor Magazine's full RIA rankings please click here.
With a long history serving clients in and outside of Ohio, Buckingham Advisors has scheduled a special webinar for business owners.
When: Tuesday, August 30, 3022, 12:00 – 12:45 pm EST
Topic: We Mean Business! What successful business owners need to know.
Speakers: Jessica A. Distel, CPA, MBA, Managing Director of Business Services and Development, and Nicole R. Strbich, CFP®, CPWA®, EA, Managing Director of Financial Planning
"The number of new businesses continues to increase," Buckingham said. "While many have the natural skill sets that enhance their ability to be successful entrepreneurs, there are important skills, such as financial know-how, that do not necessarily come easy. This session can help fill in those blanks. We invite anyone with an entrepreneurial mindset to join us as we discuss what needs to be in place for a business to succeed."
Discussion to include:
1. Building a team of trusted advisors to help ensure success
2. Initial considerations for starting a business (planning, taxation, employees, accounting, etc.)
3. Planning for the future and meeting long-term goals
There is no cost for the webinar. Journalists and business owners are welcome and encouraged to attend. Click to register: https://register.gotowebinar.com/register/5047094147667751437
Once again this year, Buckingham Advisors will support the work of Operation Cherrybend, an annual event that provides combat-wounded veterans with fellowship and activities including adventure, music and community. The 2022 Retreat Week is being held September 14 – 18, with the operation's signature Heroes Concert on September 16, featuring Neal McCoy.
The mission of Operation Cherrybend is to thank veterans for their courage, selflessness and sacrifice to our country. They also hope to educate the general public about the trials and challenges of wounded veterans, and veterans in general. Twenty-two American veterans commit suicide daily, which they hope to bring awareness to and help change.
"Buckingham Advisors has been a proud sponsor of Operation Cherrybend for years," stated Linda Parenti, Managing Principal for Buckingham Advisors. "We are honored to support this wonderful organization that provides resources and events to thank combat-wounded veterans for their courage and sacrifice to our country."
The annual Operation Cherrybend event is held at Cherrybend Pheasant Farm in Wilmington, Ohio. This historic hunting preserve has served as the perfect location for bringing together veterans and civilians to form a network of like-minded people that honor those wounded and fallen.
To learn more about this charity, register to participate, make a donation or nominate a veteran, please visit www.operationcherrybend.org
Ohio-based Buckingham Advisors is a unique team of professionals that work together to create professional and personal financial success for their clients. Buckingham's professionals are fiduciaries, putting their clients' needs ahead of their own. The company's core purpose is to improve the lives of clients by providing clarity, simplicity, and the professional expertise of Buckingham's financial planners, investment professionals, tax strategists and accounting team. Buckingham specializes in aligning the solutions clients need to help them achieve the best possible financial and life outcomes. The firm offers personal and business financial solutions, providing one team for all their clients' financial needs. A second-opinion service is available for prospective clients (no cost or obligation). For more information visit MyBuckingham.com.
CONTACT:
Grace Vogelzang or Corrine Smith
Impact Communications, Inc.
913-649-5009
ImpactMediaManager@ImpactCommunications.org
CorrineSmith@ImpactCommunications.org
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SOURCE Buckingham Advisors | https://www.whsv.com/prnewswire/2022/08/24/buckingham-advisors-listed-financial-advisor-magazines-2022-ria-rankings-ranked-32nd-asset-class-88-firms/ | 2022-08-24T12:25:43Z |
- Designation based on business operations, waste, water, and energy practices
- CAE Healthcare will hold the title of Certified Green Business Partner until 2025
SARASOTA, Fla., Aug. 24, 2022 /PRNewswire/ - CAE Healthcare today announced it was named a Certified Green Business Partner by Sarasota County, Florida, where CAE Healthcare's U.S. headquarters are based. The green designation is awarded to businesses that operate in an environmentally responsible manner as determined by a rigorous assessment.
"We are honored to be named a Certified Green Business Partner by our local government, reinforcing our commitment to sustainability," said Jeff Evans, Interim President, CAE Healthcare. "Reducing our environmental impact is important to our customers and integral to future generations. This is just one step on that journey, as we will continue to identify and implement sustainable practices throughout the workplace."
To be certified as a green business partner, businesses must verify conservation practices in four areas: business operations, solid waste management, water conservation and energy consumption. In addition to CAE completing an extensive application, the University of Florida Institute of Food and Agricultural Sciences conducted an assessment. The school recognized CAE Healthcare's recycling initiatives, company policies and the use of energy-conserving equipment. CAE Healthcare will hold the designation until 2025.
CAE began its corporate social responsibility journey six years ago, with a focus on ethics and integrity; community and environment; people and safety; and innovation and customer experience. CAE achieved carbon neutrality in 2020, becoming the first Canadian aerospace company to reach that goal. CAE strives to be a sustainability leader, working with industry partners to reduce emissions and adopt waste-reducing measures.
About CAE Healthcare
CAE Healthcare offers integrated education and training solutions to healthcare students and clinical professionals across the professional life cycle, allowing them to develop practical experience in simulated environments before treating patients. CAE Healthcare's full spectrum of simulation solutions includes surgical and imaging simulation, curriculum, the CAE LearningSpace audiovisual and centre management platform and highly realistic adult, pediatric and baby patient simulators. Today, hospitals, medical schools, nursing schools, defence forces and societies in more than 80 countries use our training solutions to make healthcare safer. cae.com/healthcare
About CAE
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying simulation training and critical operations support solutions. Above all else, we empower pilots, airlines, defence and security forces, and healthcare practitioners to perform at their best every day and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with more than 13,000 employees in more than 200 sites and training locations in over 40 countries. CAE represents 75 years of industry firsts—the highest-fidelity flight and mission simulators, surgical manikins, and personalized training programs powered by artificial intelligence. We're investing our time and resources into building the next generation of cutting-edge, digitally immersive training and critical operations solutions while keeping positive environmental, social and governance (ESG) impact at the core of our mission. Today and tomorrow, we'll make sure our customers are ready for the moments that matter.
Read our FY22 Annual Activity and Corporate Social Responsibility Report
CAE Contacts
General Media:
Samantha Golinski, Vice President, Public Affairs & Global Communications
+1-514-341-2000, ext. 7939, samantha.golinski@cae.com
Trade media:
Heidi Fedak, Manager, Creative Services and Communications – CAE Healthcare,
+1 941 914 7781, heidi.fedak@cae.com
Investor Relations:
Andrew Arnovitz, Senior Vice President, Investor Relations and Enterprise Risk Management
+1-514-734-5760, andrew.arnovitz@cae.com
Follow us on
Twitter @CAE_Inc
Facebook www.facebook.com/cae.inc
LinkedIn www.linkedin.com/company/cae
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SOURCE CAE INC. | https://www.whsv.com/prnewswire/2022/08/24/cae-healthcare-named-certified-green-business-partner-by-sarasota-county/ | 2022-08-24T12:25:49Z |
Latest oat barista offering joins brand's dairy-free seasonal lineup for the coziest café experience at home
LOS ANGELES, Aug. 24, 2022 /PRNewswire/ --Leading plant-based beverage brand, Califia Farms, today is celebrating the return of pumpkin spice season with a delicious addition to its fall product lineup: Pumpkin Spice Oat Barista. This ultra-creamy, dairy-free item makes it easier than ever to create café-quality pumpkin spice lattes at home. It is available now through December at Target, Albertsons, Whole Foods, Amazon, HEB, as well as additional retailers nationwide.
Inspired by the success of Califia's best-selling Oat Barista Blend, which is popular with professional baristas, Pumpkin Spice Oat Barista froths and steams beautifully and is made with simple, plant-based ingredients, including real pumpkin puree plus cinnamon, nutmeg, and ginger. It joins the brand's original fan favorites, Pumpkin Spice Latte Coffee with Almondmilk and Pumpkin Spice Almondmilk Creamer, which offer at-home baristas the perfect way to enjoy their coffee creations with fall's signature flavor.
"We're thrilled to introduce our new Pumpkin Spice Oat Barista which gives oat milk fans an easy way to froth up their favorite seasonal oat lattes at home. Pumpkin Spice Oat Barista will launch as a limited-edition item this fall, alongside our ready-to-drink Pumpkin Spice Almondmilk Latte and Pumpkin Spice Almondmilk Creamer," said Suzanne Ginestro, chief marketing officer at Califia Farms. "With the launch of Pumpkin Spice Oat Barista, Califia brings yet another reason to celebrate the season with a full variety of yummy plant-based options to make all types of seasonal coffee-house drinks at home."
Califia's fall seasonal items come packaged in a new, celebratory design that evokes the warm, festive magic of the season. As with all Califia products, these items are dairy-free, vegan, Kosher, and Non-GMO Certified.
- NEW Pumpkin Spice Oat Barista - Create perfect café-quality pumpkin spice lattes from the comfort of your kitchen. Steam and froth right out of the refrigerator and add to espresso. It's a one-stop-shop for that festive fall flavor you love plus all the creaminess you crave without the dairy. Each sip delicately balances the natural sweetness of Califia's oat milk with the spicy warmth of cinnamon, nutmeg, and ginger. $4.59 MSRP; 32oz cartons available at Target, Albertsons, Whole Foods, Amazon and HEB.
- Pumpkin Spice Latte - Real pumpkin puree and fall spices like cinnamon and ginger meet creamy almond milk and smooth, 100% Arabica coffee, in this plant-based twist on a seasonal favorite. Made with simple, plant-based ingredients, the pumpkin spice flavor takes center stage here, while the cold brew provides the backdrop coffee flavor. The thick, creamy indulgent texture and perfectly sweet flavor make this fall-themed drink taste like a treat, yet it only has 14 grams of sugar per 12 ounce serving. Drink it on ice or warm it up. Blend into smoothies or use in baking and desserts. $5.69 MSRP; 48oz bottles available at Target, Publix, Aldi, Kroger and Whole Foods.
- Pumpkin Spice Almondmilk Creamer - Our plant-based pumpkin spice creamer brings back the fall flavors you love with ingredients that love you back. Made with creamy almond milk, real pumpkin puree, and warm spices like cinnamon, ginger, and nutmeg, our Pumpkin Spice Almondmilk Creamer tastes like a slice of velvety pumpkin pie. It blends smoothly into hot or iced coffee and adds a cozy autumn flavor to pancakes, oats, and baking recipes. Best of all, it's made with ingredients you can feel good about — there's no dairy, nothing artificial, and only 3g of sugar and 20 calories per serving. $5.09 MSRP; 25.4oz bottles available at Target, Publix, Walmart, Kroger and Whole Foods.
Califia Farms is on a mission to create a future where plants replace dairy, without compromise. Headquartered in Los Angeles, Califia produces innovative, healthy, and great-tasting plant-based alternatives to dairy. The brand's wide range of plant milks, creamers, barista products, and brewed-to-blend coffees are made using the highest-quality ingredients from whole food plant sources. Founded in 2010, today Califia is one of the leading plant-based beverage brands in the U.S. and has on-the-ground operations in the U.K., Australia, and Canada with a brand presence in several other countries.
For more information, visit www.califiafarms.com and follow Califia Farms on Facebook, Instagram, Twitter, Pinterest, and TikTok. #Calilujah
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SOURCE Califia Farms | https://www.whsv.com/prnewswire/2022/08/24/califia-farms-levels-up-your-at-home-fall-latte-with-pumpkin-spice-oat-barista/ | 2022-08-24T12:25:56Z |
SAN ANTONIO, Aug. 24, 2022 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) announced today that Scott Wells, CEO of Clear Channel Outdoor Holdings, Inc., is scheduled to participate in the fireside chat session at the Goldman Sachs Communacopia Conference on Wednesday, September 14, 2022 at 3 p.m., Pacific Time. A live audio webcast will be available on Clear Channel Outdoor Holdings' investor website at www.investor.clearchannel.com and will be available for replay on the website for 30 days.
About Clear Channel Outdoor Holdings
Clear Channel Outdoor Holdings, Inc. ("CCOH") (NYSE: CCO) is at the forefront of driving innovation in the out-of-home advertising industry. Our dynamic advertising platform is broadening the pool of advertisers using our medium through the expansion of digital billboards and displays and the integration of data analytics and programmatic capabilities that deliver measurable campaigns that are simpler to buy. By leveraging the scale, reach and flexibility of our diverse portfolio of assets, we connect advertisers with millions of consumers every month across more than 500,000 print and digital displays in 25 countries.
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SOURCE Clear Channel Outdoor Holdings, Inc. | https://www.whsv.com/prnewswire/2022/08/24/clear-channel-outdoor-holdings-inc-participate-goldman-sachs-communacopia-conference/ | 2022-08-24T12:26:03Z |
Chainlink, Dogecoin, Ethereum, Litecoin, Lumens and Polygon Now Available for Purchase at Coinme-Enabled Coinstar Kiosks With Cash; Token of the Week Sweepstakes Gives Chance to Win Up to $5.5K in Crypto Weekly
SEATTLE, Aug. 24, 2022 /PRNewswire/ -- Coinme®, a leading cryptocurrency cash exchange in the U.S., today announced the availability of cash onramps to six additional cryptos that are live on Coinme-enabled Coinstar® kiosks in the U.S. Chainlink, Dogecoin, Ethereum, Litecoin, Lumens and Polygon are now available to purchase instantly using cash at Coinme-enabled Coinstar kiosks nationwide. The introduction of multicoin listings on over 10,000 Coinme-enabled Coinstar kiosks designates Coinme as a leading national cash gateway to digital currencies.
"Different coins serve different purposes, and we're excited to continue serving our customers with a menu of coins representing approximately 70% of the total crypto market cap," said Neil Bergquist, CEO and co-founder of Coinme. "Our partnership with Coinstar has allowed us to scale to 10,000 additional physical locations, providing instant cash onramps to crypto, which can be purchased and securely stored in the Coinme wallet or sent to nearly any wallet globally."
Buy Crypto with Cash at Coinme-Enabled Coinstar Kiosks
Coinme-enabled Coinstar kiosks are the easiest way to purchase crypto with cash, conveniently located at grocery stores nationwide. The process offers many advantages over traditional bitcoin ATMs, including:
- Instant: Crypto is immediately available to customers after purchasing to send, sell or transfer.
- Affordable: Purchase crypto using cash with lower fees than other bitcoin ATM providers.
- Simple: Transactions are seamless and simple. All purchases are instantly and directly deposited into Coinme's secure wallet, eliminating the need to set up a third-party wallet and input separate wallet information.
- Trusted: Name brands trust Coinme and Coinstar to offer crypto purchases to customers through Coinstar kiosks. Coinme places a strong focus on regulation and compliance to ensure a safe and secure experience for customers.
"Customers have asked us to make other coins available besides bitcoin on Coinme-enabled Coinstar kiosks. We want to make it easy for anyone, regardless of their familiarity with crypto, to get started with digital currencies with cash in their local grocery stores," said Jim Gaherity, CEO of Coinstar.
Coinme is celebrating its multicoin listings with the Token of the Week Sweepstakes, offering the weekly opportunity to win up to $5,500 in the featured crypto of the week! For more information and to see complete rules, please visit https://coinme.com/sweepstakes. Earn an extra entry to the sweepstakes by taking a short quiz to test your knowledge after watching educational videos on the specific cryptos highlighted weekly. Check out coinme.com/learn to brush up on your knowledge of the newly listed cryptos.
To locate a Coinme-enabled Coinstar kiosk near you, please visit http://www.coinme.com.
About Coinme, Inc.
Coinme® operates a leading licensed cryptocurrency cash exchange in the U.S., founded in 2014 with a mission to be the world's most trusted gateway to digital currencies and a better financial future. Coinme enables thousands of Coinstar and MoneyGram locations in 49 states to offer the cash purchase of seven cryptocurrencies, including bitcoin, Chainlink, Dogecoin, Ethereum, Litecoin, Polygon and Stellar Lumens. The company develops an enterprise-grade API helping to "crypto-enable" legacy financial systems and a vertically integrated suite of consumer products providing a simple, trusted, instant and affordable way to buy, sell, store and manage digital currencies. For more information, visit www.coinme.com.
About Coinstar, LLC
Coinstar® is the global leader in self-service coin counting with 24,000 kiosks in North America, Europe, and Japan. More than 800 billion coins have been processed since Coinstar's inception in the early 1990s. In the United States, consumers can convert their change to cash, a NO FEE eGIFT Card, or donate to charity at supermarket, mass merchant, drug store, and financial institution kiosk locations. Expanded cash services at Coinstar kiosks include purchasing cryptocurrencies and adding money into digital accounts. For brand advertisers, Coinstar now offers adPlanet™, which enables lead generation on the interactive kiosk screen and a flexible digital advertising platform that sits atop Coinstar kiosks at select grocery locations. For more information on Coinstar or kiosk locations, visit www.coinstar.com.
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SOURCE Coinme | https://www.whsv.com/prnewswire/2022/08/24/coinme-goes-beyond-bitcoin-offers-six-additional-cryptos-buy-instantly-with-cash/ | 2022-08-24T12:26:11Z |
Total Payouts on Treasury Management Platform for DAOs surpasses $100 million
- Total Assets Under Management $1.6bn
- Launched V2 of the Coinshift platform and integrated 5 new blockchains
- Oversaw $115 million in total payouts, an increase of ~255% from 2H 2021
- 2753 new safes registered on Coinshift
- Closed a $15 million Series A funding round
SHERIDAN, Wyo., Aug. 24, 2022 /PRNewswire/ -- Coinshift, a leading treasury management and infrastructure platform that enables DAOs and crypto businesses to manage cash reserves, today disclosed its mid-year platform results and provided an operational update for 1H 2022.
During the first half of 2022, Coinshift saw success across its platform, especially after the conclusion of its $15 million Series A funding round led by Tiger Global. To meet the growing need for comprehensive treasury management solutions within the expanding decentralized finance (DeFi) ecosystem, Coinshift successfully launched V2 of its platform, bringing additional secure, transparent and scalable treasury management capabilities to users. V2's new multi-chain architecture allows unified and seamless access for protocols that need to manage treasuries that are diversified over a multitude of chains.
Tarun Gupta, Founder and CEO of Coinshift, commented on the news, "We are excited to see the growth on our platform and the continued support from our investors and community. Protocols that implement Coinshift's transparent treasury management solutions gain the tools necessary to help assure users that their funds are safe and secure. We are constantly working with our clients to provide the solutions needed and are looking forward to working with them as we continue to build out Coinshift V2 and increase the overall capabilities of the platform."
DAOs are one of the most important constructs in crypto, and they will change every aspect of the economy, politics, and probably even your social life in the years ahead.1 While DAOs have unprecedented potential, certain aspects of DAO tooling including treasury management remain particularly underdeveloped for these constructs to reach their full potential. Coinshift is filling this gap by providing the industry with the most sophisticated and intuitive multichain treasury infrastructure for Web3 allowing users to manage multiple safes for multiple chains under one organization to streamline operations and enable significant time savings in treasury operations.
Increasing upon its extensive suite of management services, Coinshift expanded the number of chains that integrated its cross-chain infrastructure during 1H 2022. By offering a single easy-to-use interface, Coinshift's V2 platform significantly reduces the time that developers need to devote to managing their treasuries. The addition of these new chains enables developers with assets across multiple networks to seamlessly monitor and manage their safes, while also increasing the overall transparency of the protocol.
- Conducted a $15 million Series A funding round led by Tiger Global and joined by Alameda Ventures and Sequoia Capital India
- Expanded treasury management services onto a total of 7 chains by integrating Arbitrum, Avalanche and Gnosis Chain
- The number of safes under management increased by 780% to a total of 3106
- AUM hit an all-time high of $1.2B during June
- Assisted in the distribution of $115 million in total payouts, a 255% increase over the previous period
- Rolled out V2 of the Coinshift treasury management platform with industry-leading launch partners
Coinshift is a leading treasury management and infrastructure platform that enables DAOs and crypto businesses to manage cash reserves, general financing, and overall risk. Coinshift provides a single and easy-to-use solution that facilitates and manages treasury operations in an efficient manner. Coinshift is built on the Gnosis Safe, which allows clients to utilize its core pay-out features to manage payments, engage in collaborative multi-signature transactions, and save up to 90 percent on gas fees. We extend Gnosis Safe functionality with additional reporting features, on Ethereum and Polygon, allowing users to save time and reduce operational and gas costs.
To learn more about Coinshift, visit: https://coinshift.xyz/
Media Contact
Toby Freeman
M Group Strategic Communications (on behalf of Coinshift)
646.859.5952
coinshiftpr@mgroupsc.com
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SOURCE Coinshift | https://www.whsv.com/prnewswire/2022/08/24/coinshift-reports-mid-year-platform-results-provides-operational-update/ | 2022-08-24T12:26:17Z |
HOLON, Israel, Aug. 24, 2022 /PRNewswire/ -- Compugen Ltd. (Nasdaq: CGEN), a clinical-stage cancer immunotherapy company and a pioneer in computational target discovery, announced today that the Japan Patent Office has granted Compugen a new composition of matter and use patent covering its potentially first-in-class anti-PVRIG, COM701 and backup anti-PVRIG antibodies.
Japanese patent No. 2017-562952, titled "Anti-PVRIG antibodies and Methods of Use" augments previously issued patents by expanding and protecting COM701 beyond Europe and the U.S. to include coverage in Japan.
"As part of our strategy to secure broad patent protection for our innovative pipeline, we are delighted to be granted protection to expand the coverage of COM701 to include Japan in addition to patents previously granted in the U.S. and Europe," said Anat Cohen-Dayag, Ph.D., President, and Chief Executive Officer of Compugen.
Japanese patent No. 2017-562952 is expected to expire no earlier than 2036.
About COM701
COM701 is a humanized antibody that binds with high affinity to PVRIG, a novel immune checkpoint discovered computationally by Compugen, blocking the interaction with its ligand, PVRL2. In pre-clinical studies, blockade of PVRIG by COM701 has demonstrated potent, reproducible enhancement of T cell activation, consistent with the desired mechanism of action of activating T cells in the tumor microenvironment to generate anti-tumor immune responses. Compugen has identified PVRIG and TIGIT as key parallel and complementary inhibitory pathways in the DNAM-1 axis, which also intersect with the well-established PD-1 pathway. Research from Compugen suggests that these three pathways have different dominance in different tumor types and patients, implying that to induce effective antitumor responses, certain patient populations may require the blockade of different combinations of these three pathways. To test this hypothesis, Compugen has established a science-driven, biomarker informed clinical program, which evaluates different combinations of these axis members across tumor types. Compugen is the only company with clinical assets targeting both PVRIG and TIGIT in its portfolio allowing it to explore the potential of blocking these parallel and complementary members of the DNAM axis comprehensively to drive robust immune responses.
About Compugen
Compugen is a clinical-stage therapeutic discovery and development company utilizing its broadly applicable predictive computational discovery capabilities to identify new drug targets and biological pathways for developing cancer immunotherapies. Compugen has developed two proprietary product candidates: COM701, a potential first-in-class anti-PVRIG antibody and COM902, a potential best-in-class monoclonal antibody targeting TIGIT for the treatment of solid tumors. Partnered programs include bapotulimab, an antibody targeting ILDR2, in Phase 1 development, licensed to Bayer under a research and discovery collaboration and license agreement, and a TIGIT/PD-1 bispecific derived from COM902 (AZD2936) in Phase 1/2 development by AstraZeneca through a license agreement for the development of bispecific and multi-specific antibodies. In addition, the Company's therapeutic pipeline of early-stage immuno-oncology programs consists of programs aiming to address various mechanisms of immune resistance, including myeloid targets. The most advanced program, a high affinity antibody, COM503 with first-in-class potential is about to enter pre-IND enabling studies. COM503 targets a soluble immune checkpoint upregulated in the tumor microenvironment in response to IFN-γ. Compugen is headquartered in Israel, with offices in South San Francisco, CA. Compugen's shares are listed on Nasdaq and the Tel Aviv Stock Exchange under the ticker symbol CGEN.
Forward-Looking Statement
This press release contains "forward-looking statements" within the meaning of the Securities Act of 1933 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 Compugen. Forward-looking statements can be identified using terminology such as "'will," "may," "expects," "anticipates," "believes," "potential," "plan," "goal," "estimate," "likely," "should," "confident," and "intends," and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements include, but are not limited to, statements regarding the expected expiration date of the patent in Japan. These forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance, or achievements of Compugen to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Among these risks: the effect of the global COVID-19 pandemic may continue to negatively impact the global economy and may also adversely affect Compugen's business; changes to the patent law that could diminish the value of patents in general, thereby impairing our ability to protect our product candidates; Compugen's approach to the discovery of therapeutic products is based on its proprietary computational target discovery infrastructure, which is unproven clinically; and Compugen does not know whether it will be able to discover and develop additional potential product candidates or products of commercial value. These risks and other risks are more fully discussed in the "Risk Factors" section of Compugen's most recent Annual Report on Form 20-F as filed with the Securities and Exchange Commission (SEC) as well as other documents that may be subsequently filed by Compugen from time to time with the SEC. In addition, any forward-looking statements represent Compugen's views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Compugen does not assume any obligation to update any forward-looking statements unless required by law.
Investor Relations contact:
Yvonne Naughton, Ph.D.
Head of Investor Relations and Corporate Communications Compugen Ltd.
Email: ir@cgen.com
Tel: +1 (628) 241-0071
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SOURCE Compugen Ltd. | https://www.whsv.com/prnewswire/2022/08/24/compugen-expands-anti-pvrig-com701-patent-portfolio-with-new-composition-matter-use-patent-japan/ | 2022-08-24T12:26:23Z |
MISSISSAUGA, ON, Aug. 24, 2022 /PRNewswire/ - Covalon Technologies Ltd. (the "Company" or "Covalon") (TSXV: COV) (OTCQX: CVALF), an advanced medical technologies company, will release its Q3 Fiscal 2022 financial results on Monday, August 29th, 2022, before markets open. A conference call and webcast to discuss the financial results will be held on Monday, August 29th, 2022, at 9:00am EST.
To view, listen to, and participate in the live webcast, please follow the link below:
To listen and participate via the conference call, please dial:
North American Toll-Free: 1-888-664-6392
Local (Toronto): 416-764-8659
Confirmation Number: 97297097
Participants will be able to ask questions of Company management during the Q&A portion of the conference call either by asking them on the call or by submitting them using the chat function on the webcast.
A recording of the call will be available by calling 1-888-390-0541 or 416-764-8677 and entering the encore replay entry code 297097# until September 12th, 2022. A recording of the call will also be available on www.covalon.com under News & Events on the Investors tab.
Copies of Covalon's financial statements and MD&A can be obtained on SEDAR at www.sedar.com and under Sedar Filings on the Investors tab of Covalon's website.
Covalon Technologies Ltd. is a researcher, developer, manufacturer, and marketer of patent-protected medical products that improve patient outcomes and save lives in the areas of advanced wound care, infection management and surgical procedures. Covalon leverages its patented medical technology platforms and expertise in two ways: (i) by developing products that are sold under Covalon's name; and (ii) by developing and commercializing medical products for other medical companies under development and license contracts. The Company is listed on the TSX Venture Exchange, having the symbol COV and trades on the OTQX Market under the symbol CVALF. To learn more about Covalon, visit our website at www.covalon.com.
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 news release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan, "estimate", "expect", "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. These forward-looking statements involve risk and uncertainties, including the difficulty in predicting product approvals, acceptance of and demands for new products, the impact of the products and pricing strategies of competitors, delays in developing and launching new products, the regulatory environment, fluctuations in operating results, the impact and timing of COVID-19 on operating activities and market conditions, and other risks, any of which could cause results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. Many risks are inherent in the industry; others are more specific to the Company. Investors should consult the Company's ongoing quarterly filings for additional information on risks and uncertainties relating to these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise.
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SOURCE Covalon Technologies Ltd. | https://www.whsv.com/prnewswire/2022/08/24/covalon-announces-conference-call-discuss-third-quarter-fiscal-2022-financial-results/ | 2022-08-24T12:26:30Z |
Day One Beverages strengthens its advisory board with the appointment of beverage expert Thomas Salaba
VENICE BEACH, Calif., Aug. 24, 2022 /PRNewswire/ -- Day One Beverages, a natural CBD Sparkling Water and wellness brand, has appointed Thomas Salaba to its Board of Directors. Salaba, a 30-year veteran in the beverage business sector, brings extensive expertise in manufacturing, distribution, and retail strategy to Day One Beverages.
"We couldn't be more excited and honored to have Tom joining our team. Tom's prolific career at Anheuser-Busch and nearly 40 years of experience building beverage brands will support Day One's hyper-aggressive distribution and marketing goals. Tom's reputation in the industry speaks for itself and we both look forward to bringing this Golden Case opportunity to best-in-class distributors across the country," shares Chris Clifford, Founder & CEO of Day One Beverages.
To scale and elevate Day One Beverages, the brand has officially welcomed Salaba as a prominent advisory member who comes with experience within every discipline of the beverage industry, including a 25-year career at Anheuser-Busch, Inc. With decades of beverage experience, a rolodex of cultivated beverage industry relationships, and previous renowned mentors, including August A. Busch III and IV, Salaba brings forward a sharp and intense skillset to heighten Day One's brand vision, mission, and company-wide goals.
"I was drawn to Day One because I believe in the intrinsic benefits of CBD. The Day One CBD Sparkling Water is a refreshing way to deliver those benefits. Day One is a pioneer in CBD-infused beverages, and its growth will constitute the new 'golden case' in the beverage distribution network. I can't wait to engage potential distributors once again with a new category leader option," states Tom Salaba, the new member of Day One Beverage's Board of Advisory.
Day One is on a mission to democratize CBD, ensuring it's affordable, accessible, and delivered simply. Each 12oz can includes 20mg of CBD, zero calories, 0% sugar and 100% natural fruit juice, to deliver a balanced and refreshing sparkling citrus drink for any occasion. Day One Lemon, Lime, and Grapefruit round out the brand's first flavors, with additional offerings planned in 2023. Day One is available with an SRP of $2.99 per 12oz can. Day One also offers 12-packs at $35.99 through their direct-to-consumer website DrinkDayOne.com. For additional information and to purchase, please visit DrinkDayOne.com and be sure to follow Day One on Instagram @DrinkDayOne.
Press Contact:
Push The Envelope PR
Christie Corso
732.534.5132
Christie@pushtheenvelopepr.com
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SOURCE Day One Beverages | https://www.whsv.com/prnewswire/2022/08/24/day-one-beverages-announces-thomas-salaba-board-directors/ | 2022-08-24T12:26:38Z |
ROUND ROCK, Texas, Aug. 24, 2022 /PRNewswire/ -- Dell Technologies (NYSE: DELL) announces that Yvonne McGill, corporate controller and chief financial officer, Infrastructure Solutions Group, will present in a fireside chat at the following conference:
Deutsche Bank 2022 Technology Conference – Las Vegas, NV
Wednesday, Aug. 31, 2022
1:30 p.m. PT / 4:30 p.m. ET
A live webcast and a replay of all conference webcasts will be available on Dell Technologies' Investor Relations page at investors.delltechnologies.com.
About Dell Technologies
Dell Technologies (NYSE:DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
Copyright © 2022 Dell Inc. or its subsidiaries. All Rights Reserved. Dell Technologies, Dell, EMC and Dell EMC are trademarks of Dell Inc. or its subsidiaries. Other trademarks may be trademarks of their respective owners.
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SOURCE Dell Technologies | https://www.whsv.com/prnewswire/2022/08/24/dell-technologies-present-investor-conference-august/ | 2022-08-24T12:26:44Z |
Insurance program manager expands Coastal Builder's Risk coverage to five additional states
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Distinguished Programs ("Distinguished"), a national insurance program manager, today officially announces the expansion of Coastal Builder's Risk coverage to five additional states – Alabama, Hawaii, Mississippi, Rhode Island and commercial properties only in Texas. The Distinguished Coastal Builder's Risk Program covers all risks for brand new construction, remodeler's risk and betterments only projects in select states*.
"When we launched the Coastal Builder's Risk program last year, the broker response was incredible," said Katie Vespia, Managing Vice President of Builder's Risk Program at Distinguished. "Available coverage in the market is shrinking, and brokers need options for these harder-to-insure properties. We are thrilled to introduce our comprehensive Coastal Builder's Risk program to brokers in these new states."
This program offers flexible initial policy terms (up to 24 months) with extensions available. Beachfront and barrier island properties are acceptable. Additional coverages include named storm deductible, wind coverage, theft and vandalism coverage, debris removal and more.
Brokers can submit business for the Distinguished Builder's Risk (Coastal and Non-Coastal) Program through the 24/7 Online Portal. Brokers must be registered first to submit.
To learn more, please visit the Distinguished website here.
* Coverage also available in DE, GA, MD, NC, NJ, SC and VA
About Distinguished Programs
Distinguished Programs is a leading national insurance program manager providing specialized insurance programs to brokers and agents with specific expertise in Real Estate, Community Associations, Hotels, and Restaurants. Property and liability products are distributed through a national network of agents and brokers. Serving the same core markets and partnering with the most stable and reputable carriers, Distinguished Programs' high-limit umbrella programs remain the clear choice in its areas of specialty for superior coverage, competitive pricing, and attentive service. Through thoughtful innovation, stemming back to 1987, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees.
View a full list of our programs and submit business with Distinguished.
‣ Register Your Agency
‣ Learn More
‣ Contact Us
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SOURCE Distinguished Program Holdings LLC | https://www.whsv.com/prnewswire/2022/08/24/distinguished-programs-expands-coastal-builders-risk-coverage-additional-states/ | 2022-08-24T12:26:51Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- DriverHyre is a one-stop solution for brands and businesses to hire delivery drivers. Launched in stealth a couple of months ago, the DriverHyre app has seen a huge uptake with 30,000+ downloads across platforms in a matter of two weeks. The platform is now coming out of stealth and hitting the market full steam.
Over the past couple of years, customer expectations have zoomed when it comes to online deliveries and this has given a huge boost to the entire home delivery space. The global last mile delivery market size was valued at $40.5 bn in 2021 and is anticipated to generate $123.7 bn by 2030. There hasn't been a corresponding increase in the number of delivery drivers and this has led to a huge driver shortage.
DriverHyre's team has been operating in parallel industries for close to a decade and from their observations, have pinned down some optimization issues to be tackled. It's not just about driver shortage- there's a huge inefficiency in the delivery driver hiring ecosystem where the correct matchmaking isn't happening. DriverHyre has an extensive network of delivery drivers in key markets like the USA in North America and Malaysia in APAC. The platform aims to match supply and demand efficiently and help businesses hire delivery drivers seamlessly.
The company has piloted with the likes of FedEx and Ryder in the last couple of months and these are some of the key features of the platform:
- Dedicated platform for delivery driver sourcing
- Network of 30k+ skilled drivers waiting to be hired
- Perfect matchmaking between drivers and businesses
- Custom screening questions for specific hiring needs
- License, Vehicle and Insurance Filters
DriverHyre is a simple, quick and to the point solution for recruiters to create job posts, view applicants and hire the best delivery drivers around. And for delivery drivers, this is the perfect solution to look for the job of their choice. With over 30,000 drivers and 50+ recruiters, the platform is set to accelerate and solve this pressing problem to make home deliveries easy.
Media Contact:
marketing@driverhyre.com
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SOURCE DriverHyre | https://www.whsv.com/prnewswire/2022/08/24/driverhyre-hits-30k-downloads-two-weeks-help-brands-hire-delivery-drivers/ | 2022-08-24T12:26:57Z |
DURHAM, N.C., Aug. 24, 2022 /PRNewswire/ -- Real-world evidence leader Target RWE announced its latest acquisition of the curation team (legacy Real World Data team) from Ciox Health which will expand the company's real world data (RWD) solutions and capabilities. Effective today, this division will become part of Target RWE.
Over the past two years, Target RWE has been strategically investing in its real-world evidence (RWE) solutions, most notably with the purchase of analytics company NoviSci, Inc. in 2021. This will be the second acquisition completed by the company. The acquisition complements Target RWE's data abstraction and curation capabilities, especially on the retrieval and linking of real world datasets, which will help position the company as a market leader in the RWE field.
"Today's agreement not only propels Target RWE's data abstraction and curation capabilities, but it also signifies our dedication to generate the best real world data and evidence possible," said Derek Evans, CEO of Target RWE. "We are excited to work with the great team coming over from Ciox, who will add further efficiencies in clinical data abstraction and curation to our organization. We look forward to bringing our expertise to exciting projects and new customers as a result of this new partnership."
The acquisition will add roughly 35 full-time and part-time employees to Target RWE, increasing the company's overall headcount to approximately 150 nationwide. The company recently announced the launch of its new brand and Syndicated Science™ solution that will be unveiled at the International Conference on Pharmacoepidemiology (ICPE) 2022 in Copenhagen.
As the industry's best-in-class, complete real world evidence (RWE) solution, Target RWE is a distinctly collaborative enterprise that unifies real world data (RWD) sets and advanced RWE analytics in an integrated community, shifting the paradigm in healthcare for how decisions are made to improve lives.
Target RWE sources unique, connected data sets across multiple therapeutic areas representing granular data from diverse patients in academic and community settings. Our rigorous, interactive, and advanced RWE analytics extract deep insights from RWD to answer important questions in healthcare. Target RWE brings together the brightest minds in healthcare through an unmatched community of key opinion leaders, patients, and healthcare stakeholders in a collaborative and dynamic model. www.targetrwe.com
CONTACT:
Kayla Slake
Marketing Manager
kslake@targetrwe.com
984.234.0268 ext 205
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SOURCE Target RWE | https://www.whsv.com/prnewswire/2022/08/24/durham-based-target-rwe-grows-data-abstraction-curation-capabilities-with-latest-acquisition/ | 2022-08-24T12:27:03Z |
LOS GATOS, Calif., Aug. 24, 2022 /PRNewswire/ -- E-Space, a global space company focused on bridging Earth and space with the most sustainable low earth orbit (LEO) network, today announced it expanded its leadership team with the addition of Gunjan Murarka as chief financial officer (CFO) and Dalibor Djuran as chief satellite systems engineer. The addition of these two valuable positions will enable E-Space to accelerate its novel LEO network, which will be both the safest satellite constellation ever, and make space affordable and accessible for everyone to solve problems on Earth.
"Team E-Space is in a heavy growth mode, and we are fortunate to have so many qualified candidates who want to join our important mission. We are headed toward a period of tremendous global strategic execution which requires significant leadership and domain expertise to drive our core initiatives," said Greg Wyler, chairman, founder and CEO of E-Space. "I am confident Gunjan and Dalibor possess the right mix of experience, fundamental core strengths and depth of skill to uniquely add immediate business and engineering value, respectively. At E-Space, we believe we have a powerful opportunity to change how satellite constellations are responsibly designed, built and leveraged by enterprises and nations, alike. I welcome Gunjan and Dalibor to our team, which is challenging the status quo of today's new space systems."
About Gunjan Murarka and Dalibor Djuran:
- Gunjan Murarka joins E-Space as CFO and is responsible for managing the Company's financial organization, activities and general reporting as well as overseeing the People and Information Technology organizations. He comes to E-Space with deep financial and business planning experience, joining from LeoStella, an aerospace company focused on delivering small-satellites cost effectively and at scale, where he also served as CFO. Prior to that Gunjan held senior-level financial management positions at Microsoft, Amazon and Siemens Communications.
- Dalibor Djuran joins E-Space as chief satellite systems engineer, bringing a strong technical background in space systems integration. In this role, he is responsible for systems engineering of E-Space's global LEO satellite constellation from design and development to integration and test of spacecraft hardware and software. Having been the Director of Satellite Manufacturing at Planet Labs, and managing two manufacturing centers for Flextronics, Dalibor brings high volume manufacturing design experience to E-Space. Beyond manufacturing, Dalibor played a crucial role as Vice President of Flight Software and Robotics for the drone delivery company, Volansi, where he led the Company's software development, avionics and robotics teams.
About E-Space
E-Space is a global space company focused on bridging Earth and space with the most sustainable low earth orbit (LEO) network that is expected to reach over one hundred thousand multi-application communication satellites to help businesses and governments securely and affordably access the power of space to solve problems on Earth. Founded by industry pioneer Greg Wyler, E-Space is focused on democratizing space and transforming industries by bringing down the cost of space-based communications, raising the level of satellite system resiliency and setting a new standard in sustainable space infrastructure that will effectively minimize and reduce space debris and destruction while preserving access to space for future generations. Learn more about the Company at e-space.com, or follow E-Space on LinkedIn, Twitter and Instagram.
Copyright © 2022 E-Space. All rights reserved. E-Space and the E-Space logo are registered trademarks of ESpace, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
E-Space Media Contact:
Chris Phillips, vice president, PR & Communications: chris.phillips@e-space.com; +1 (917) 974-1667
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SOURCE E-Space | https://www.whsv.com/prnewswire/2022/08/24/e-space-expands-leadership-team-adds-chief-financial-officer-chief-satellite-systems-engineer/ | 2022-08-24T12:27:10Z |
New Reverification Options Harness Automation to
Support a Seamless Customer Experience
ATLANTA, Aug. 24, 2022 /PRNewswire/ -- Today, Equifax® (NYSE: EFX) announced new options for mortgage lenders leveraging its manual verifications of employment and income from Workforce Solutions, including new automated ordering of reverifications of employment (RVOE) and additional Priority Next Day™ and Priority Two Day™ options. By offering an RVOE with a verification of employment (VOE) or verification of income (VOI) solution, Equifax is helping lenders to satisfy government-sponsored enterprise (GSE) or internal reverification requirements while reducing friction in the lending process.
"As mortgage lenders are reevaluating their processes with a focus on efficiency and customer experience, we believe they will see our enhancements as a winning combination: new automated ordering options for reverification and options for faster delivery," said Scott Maxfield, Vice President for Verifications at Equifax Workforce Solutions. "These enhancements bolster our ability to provide the complete verification coverage that mortgage lenders need at each stage of the process, from loan origination through post-close."
Manual verifications from Equifax complement the instant service provided by The Work Number® database, the industry-leading centralized commercial repository of income and employment information in the U.S. When information is not instantly available digitally through The Work Number, the manual verification options also have built-in automation to help keep decision processes moving forward.
There are two ways to purchase the new enhanced manual reverification options: either up front or by adding the "set it and forget it" automated feature to a standard or Priority solution before completing the order. Either way, lenders can receive a single convenient price and a reverification, either on their selected date or on the default date of 30 days post-order. In addition, lenders can choose between standard turnaround and expedited Priority Next Day or Priority Two Day turnaround for their initial verifications, offering more flexibility to keep the lending process moving forward.
The new enhanced reverification solutions are available now, and the new Priority reverification solutions will be available September 14. Standalone manual verifications are still available for individual purchase, including solutions for self-employed individuals as well as expedited Priority solutions. For more information on this and other verification services available from Equifax, click here.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 13,000 employees worldwide, Equifax operates or has investments in 25 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.
FOR MORE INFORMATION
Daniel Jenkins for Equifax Workforce Solutions
mediainquiries@equifax.com
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SOURCE Equifax Inc. | https://www.whsv.com/prnewswire/2022/08/24/equifax-announces-enhancements-its-manual-verification-offerings-mortgage-lenders/ | 2022-08-24T12:27:16Z |
Education provider jumpstarts the future of CPE with an exclusive, customer-forward platform
enhancement
BOZEMAN, Mont., Aug. 23, 2022 /PRNewswire/ -- The time of scheduling headaches and sacrificing more work time is over. Western CPE has launched its new Webcast platform super feature — FlexCast™.
FlexCast is now available and was created to be the "Most Convenient Way to CPE." With the new platform feature, customers can now eliminate the obstacles of rigid Webcast availability dates, fixed start and end times, and strict learning hours.
"We created FlexCast because our customers told us that when life happens, and their work needs to be done, their clients don't have much patience for their required Continuing Professional Education," said Executive VP of Revenue Nick Fuller.
With FlexCast, Webcast courses with two or more credits are now conveniently divided into discrete 50-minute segments with built-in compliance, tracking, and expert moderation elements. The viewer can now pause and resume any Western CPE Webcast, giving them the unique ability to take a multi-hour course over multiple days to account for life's realities. Additionally, it automatically tracks the engagement percentage and the credits earned for each course allowing for potential partial credit for each 50-minute segment completed.
FlexCast even features an updated Webcast user interface.
Carter Dillman, one of Western CPE's Web Developers, says he enjoyed updating the overall look of Webcasts to be even more user-friendly.
"I'm glad we were able to implement features beyond what is expected of Learning Websites with the new FlexCast platform," said Dillman. "I think customers will enjoy the increased freedom that allows them to work towards their CPE without having to dedicate multiple hours into their already busy schedules."
The Western CPE team has worked relentlessly on the release, which has created a bubbling excitement among all working at its Bozeman, Montana headquarters. The company's Revenue and Customer Success department have managed the initial and final developments to make this product — the first of its kind in the CPE industry.
Revenue Specialist Neal Coberly explains how working on "one of Western's most exciting product releases" illustrated Western CPE employees' passion for making its customers' lives easier.
"With FlexCast, I think our customers will appreciate and enjoy the untethering from traditional webcast CPE more than anything else. Purchasing FlexCast will allow our customers to reclaim their time, freedom, and sanity when it comes to CPE," Coberly stated.
Western CPE is on a mission to offer premium CPE in the most convenient way possible to help Tax, Accounting, and Financial Professionals get the CPE they need to stand out and stay on top without falling behind their education requirements.
The company's design and development experts will continue adding new features to the upgraded platform. Soon, FlexCast will allow customers to share, bookmark, comment, and take notes on what they learn in each course. By letting customers share their notes, comments, and ideas, Western CPE hopes to increase engagement and understanding.
Customers can experience FlexCast today. It's now available on the Western CPE website, and purchasers can celebrate the release with Western CPE by taking advantage of its current introductory sale price.
"We're thrilled about the launch of FlexCast, and we are happy to see its capabilities coming to our customers, partners, and State Society partnerships soon. We built FlexCast to be a cure for inconvenient CPE to help people get their time and sanity back. Join us today and experience FlexCast," stated Fuller.
WESTERN CPE IS A LEADER AND INNOVATOR IN THE CONTINUING PROFESSIONAL EDUCATION (CPE) INDUSTRY, FOCUSED ON TAX, ACCOUNTING, AND FINANCE.
If you want more information about this topic, please email Senior Brand Development Lead Enya Spicer at enya.spicer@westerncpe.com.
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SOURCE Western CPE | https://www.whsv.com/prnewswire/2022/08/24/flexcast-takes-its-throne-western-cpes-new-webcast-super-feature/ | 2022-08-24T12:27:28Z |
Report Highlights Continued Investment and Progress Towards Achieving Environmental, Social, and Governance (ESG) Priorities
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today released its FY21 Impact Report, which details the Company's key ESG initiatives, and highlights its progress in advancing those ESG priorities.
"Our commitment to purpose, driving meaningful changes in the communities we serve, and advancing diversity, equity, and inclusion are integral parts of who we are," said Richard Johnson, Chairman and CEO, Foot Locker, Inc. "This past year, we have continued to focus on key ESG priorities, and we are proud of the progress we have made. While we continue to make investments and push our ESG initiatives forward, we know there will always be room for us to do more. We will learn from our past performance and continue to advance our ESG priorities."
The report highlights the four ways in which the Company delivers on its purpose responsibly: (1) Leveraging the Power of Our People and Communities; (2) Strengthening the Sustainability of Our Supply Chain; (3) Managing and Reducing Our Environmental Impacts; and (4) Operating Ethically and Transparently.
Key accomplishments in priority areas include:
- Climate change pledge. Foot Locker, Inc. announced an ambition to achieve Net Zero GHG emissions by 2050 or sooner, in alignment with climate scientists' recommendations to avoid the worst impacts of climate change.
- Empowering people and communities. Through our Leading Education & Economic Development (LEED) Initiative, the Company committed $200 million over five years towards enhancing the lives of our team members and the Black community. As of FY21 year-end, this includes investments in education and economic development initiatives that total nearly $54 million.
- Investing in people and advancing our Diversity, Inclusion, and Belonging strategy (DIBs). Spanning career development, recognition, and wellness, Foot Locker, Inc. continues to place its people at the center of its strategy, creating opportunities for wellbeing, growth, and advancement across the company.
Additionally, Foot Locker, Inc. obtained third-party independent limited assurance of certain ESG metrics in the report.
Foot Locker, Inc.'s FY21 Impact Report is available for download here.
Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands, including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, and Sidestep. With approximately 2,800 retail stores in 28 countries across North America, Europe, Asia, Australia, and New Zealand, as well as websites and mobile apps, Foot Locker, Inc.'s purpose is to inspire and empower youth culture around the world by fueling a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York. For additional information, please visit footlocker-inc.
This press release contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events, or developments that Foot Locker, Inc. anticipates will or may occur in the future, including, but not limited to, such things as future capital expenditures, expansion, strategic plans, financial objectives, dividend payments, stock repurchases, growth of Foot Locker, Inc.'s business and operations, including future cash flows, revenues, and earnings, and other such matters, are forward-looking statements. These forward-looking statements are based on many assumptions and factors which are detailed in Foot Locker, Inc.'s filings with the U.S. Securities and Exchange Commission.
These forward-looking statements are based largely on our expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control. For additional discussion on risks and uncertainties that may affect forward-looking statements, see "Risk Factors" disclosed in Foot Locker, Inc.'s Annual Report on Form 10-K for the year ended January 29, 2022, filed on March 24, 2022. Any changes in such assumptions or factors could produce significantly different results. Foot Locker, Inc. undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise.
Investor Contact:
Robert Higginbotham
Vice President, Investor Relations
robert.higginbotham@footlocker.com
(212) 720-4600
Media Contact:
Cara Tocci
Vice President, Corporate Communications
cara.tocci@footlocker.com
(914) 582-0304
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SOURCE Foot Locker, Inc. | https://www.whsv.com/prnewswire/2022/08/24/foot-locker-inc-releases-fiscal-year-2021-impact-report/ | 2022-08-24T12:27:34Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- FreeWill, a social-good enterprise at the nexus of philanthropy and estate planning, today announced that its Crypto for Charity platform will eliminate transaction fees for real-time donations of cryptocurrency to support nonprofit causes, lowering fees on donations made through Crypto for Charity's website, www.cryptoforcharity.io from 3.95% to zero, effective immediately.
Patrick Schmitt, co-CEO of FreeWill, said: "We're incredibly excited to announce that we've become the first to zero among our competitive set as it pertains to transaction fees when donating crypto. One of our foremost commitments is listening to our customers and acting on feedback, and what we've heard from crypto owners is that donating crypto should be free. Having raised more than $6 billion in philanthropic gifts with free tools in estate planning and real-time giving, we're proud to offer a non-fee platform for cryptocurrency. Now, donating crypto via our platform is more cost-effective than making a donation with a credit card. Democratizing access to estate planning and philanthropy are core to the FreeWill brand and we're proud to continue to be leaders here mere months after jumping into the crypto space."
Crypto for Charity is an online platform developed by FreeWill, which empowers both donors and nonprofits to do the most good for the people and causes they love. In the same way FreeWill allows anyone to donate stocks in real-time or to leave a bequest to their favorite charity while creating a will, Crypto for Charity empowers donors to easily donate appreciated crypto, as well as NFT drop proceeds, in a tax-advantaged manner through easy-to-use tools.
This includes the ability to integrate donations directly from smart contracts for NFT drops, as well as Cause Funds that enable donors to give to multiple organizations at once that are united around similar causes – all within a single transaction, and all zero-fee.
Crypto for Charity, through which crypto owners can donate to more than 55,000 American nonprofits, launched in December 2021 to help make it easier for nonprofits to accept crypto donations, given that more than 90% of nonprofits lacked a crypto solution at a time of increasing interest. Since the launch, high demand has led FreeWill to invest significantly in hosting hundreds of crypto donation sites for its nonprofit partners.
In addition to the Crypto for Charity platform, FreeWill also offers nonprofits a Bequest Tool for legacy giving, a Qualified Charitable Distributions (QCD) Tool to fundraise in real-time from IRAs, and a Stock Gifts Tool for appreciated stock holdings.
About FreeWill
FreeWill is a social-good enterprise offering online tools that empower Americans to address commonly faced estate planning needs and make charitable donations in tax-advantaged ways, all for free. FreeWill also features a charitable giving platform that makes it easier for nonprofit fundraising teams to unlock transformational non-cash gifts. Through its partnerships with 1,000+ nonprofits who understand that major gifts often are part of estate plans, the company is also able to provide a comprehensive suite of estate planning and related tools to consumers free of cost. To date, FreeWill has generated more than 6 billion in planned and real-time gifts for more than 10,000 nonprofits while helping more than 600,000 consumers create wills and plan their estates.
Contact
For FreeWill:
Roger Sauerhaft
Roger@Pennybridgepr.com
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SOURCE Free Will | https://www.whsv.com/prnewswire/2022/08/24/freewills-crypto-charity-platform-announces-zero-fees-donations-all-cryptocurrency/ | 2022-08-24T12:27:41Z |
TORONTO, Aug. 24, 2022 /PRNewswire/ - Gamelancer Gaming Corp. (CSE: GMNG) (OTCQB: WDRGF) (FRA: 64Q) ("Gamelancer" or the "Company") a mobile-focused entertainment company providing brands access to the global gaming audience through its owned and operated channels, is pleased to announce it has partnered with lifestyle energy drink producer CELSIUS® to curate a campaign promoting CELSIUS® products across the Gamelancer TikTok & Instagram network.
Featuring Gamelancer influencers, content for the 6-figure campaign will be produced by Gamelancer and broadcast across its @Gaming, @Gamer, @Egirl, and @Gamelancer channels. Content will also be distributed across Playmaker's Instagram network. Playmaker is a strategic partner of Gamelancer, and this campaign will be the 4th co-broadcast campaign Gamelancer has launched with Playmaker this year.
Having recently entered into a distribution prtnership with PepsiCo, CELSIUS® is focused on driving significant engagement amongst the gaming community. Utilizing Gamelancer, the largest multi-channel gaming network on TikTok, matched with Playmakers massive Instagram network, the combined offering will market CELSIUS® products to a massive audience of over 50 million followers on owned & operated channels.
"We couldn't be more excited for this partnership with CELSIUS. They are a category leader and have built an iconic brand with an authentic voice and engaged community. Naturally this is the perfect product millions of gamers and athletes across social deserve to know about and we're excited to spearhead that initiative at scale." – Razvan Romanescu, Co-founder 7 Chief Strategy Officer, Gamelancer Gaming Corp.
Celsius Holdings, Inc. (Nasdaq: CELH), is a global consumer packaged goods company with a proprietary, clinically proven formula for its master brand CELSIUS®. A lifestyle energy drink born in fitness and a pioneer in the rapidly growing energy category. CELSIUS® offers proprietary, functional, essential energy formulas clinically-proven to offer significant health benefits to its users. CELSIUS® is backed by six university studies that were published in peer-reviewed journals validating the unique benefits CELSIUS® provides. For more information, please visit: http://www.celsiusholdingsinc.com
Acquired by Wondr Gaming, Gamelancer Gaming Corp. is a growing mobile-focused social media network in gaming - generating over 1.2 billion monthly video views across its 27 owned and operated channels. With over 30,000,000 followers on TikTok, Instagram, and Snapchat, predominantly located in the US, Canada, the UK, and Australia, Gamelancer sells direct and programmatic media across its network to the world's largest brands. With advanced user data analytics, we provide our audience curated content relevant to the GenZ & Millennial gaming community, which allows brands unparalleled access to the largest media inventory in gaming across TikTok, Instagram, and Snapchat. Gamelancer also monetizes across its variety of Snapchat Discover channels with monthly recurring revenue in partnership with Snapchat.
Gamelancer.com
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward–looking statements and forward–looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward–looking statements or information. More particularly and without limitation, this news release contains forward–looking statements and information relating to the future business of the Company, the potential of the Company's products and services, further business from the Company's clients, industry outlook and potential and other matters. The forward–looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward–looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward–looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward–looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward–looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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SOURCE Gamelancer Gaming Corp. | https://www.whsv.com/prnewswire/2022/08/24/gamelancer-partners-with-leading-lifestyle-energy-drink-producer-celsius/ | 2022-08-24T12:27:47Z |
Ciena, Infinera, Cisco, and Fujitsu Combine for 85 Percent Share of North America
REDWOOD CITY, Calif., Aug. 24, 2022 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, networks, and data center industries, demand for Optical Transport equipment remained strong in North America during 2Q 2022. In the quarter, the North American market for Optical Transport grew 10 percent year-over-year.
"At this pace, we could be headed for another year of double-digit growth in North America," said Jimmy Yu, Vice President at Dell'Oro Group. "While we expected another year of North American optical market expansion in 2022, we thought the growth rate could slow a bit after such a strong 2021. However, considering the first-half results and higher than usual backlog held by equipment manufacturers, we think a double-digit rate of growth could occur in 2022. Our biggest concern, however, remains to be the component shortage and supply chain issues that have limited revenue growth for the past couple years," added Yu.
- The worldwide Optical Transport market excluding China grew 2 percent in 2Q 2022 and is projected to grow a little over 4 percent in 2022.
- The region with the lowest year-over-year growth rate in the quarter was Asia Pacific due to lower demand in China.
- The system manufacturers with the highest share of North America Optical Transport revenue in the quarter were Ciena, Infinera, Cisco, and Fujitsu. These four vendors held a combined market share of approximately 85 percent.
The Dell'Oro Group Optical Transport Quarterly Report offers complete, in-depth coverage of the market with tables covering manufacturers' revenue, average selling prices, and unit shipments (by speed including 100 Gbps, 200 Gbps, 400 Gbps, and 800 Gbps). The report tracks DWDM long haul, WDM metro, multiservice multiplexers (SONET/SDH), optical switch, optical packet platforms, data center interconnect (metro and long haul), and disaggregated WDM. To purchase this report, please contact us at dgsales@delloro.com.
Dell'Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, enterprise networks, data center infrastructure, and network security markets. Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions. For more information, contact Dell'Oro Group at +1.650.622.9400 or visit https://www.delloro.com.
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SOURCE Dell'Oro Group | https://www.whsv.com/prnewswire/2022/08/24/high-demand-drove-north-american-optical-transport-equipment-market-up-10-percent-2q-2022-according-delloro-group/ | 2022-08-24T12:27:54Z |
FAIRFIELD, Conn., Aug. 23, 2022 /PRNewswire/ -- HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, is pleased to announce the addition of four investment bankers, expanding its education finance team, which provides comprehensive capital planning, structure and execution for charter schools, public and private education systems and institutions.
Kaiti Wang joins Sims as Vice President in Education Finance providing charter school financing expertise and experience in credit analysis. Kaiti earned her bachelor's degree at the University of California, Berkeley, later working with S&P Global Ratings where she developed her public finance rating analysis experience. She served as Loan Officer with the Local Initiatives Support Corporation and as Program Officer on the Spark Opportunity Grant Program to gain more direct involvement with helping charter schools meet their financial and facility goals.
Kyle Ficker joins Sims as Senior Associate, supporting the investment banking teams dedicated to Senior Living and Education Finance. Kyle attended the University of North Carolina, Chapel Hill, where he earned his degree in Economics. Having previously worked with Truist Securities, Kyle brings public finance expertise through skilled analysis of the many requirements to execute tax-exempt and taxable debt financings and fulfill capital planning engagements.
Shannon Falon joins Sims as Vice President further developing the Education Finance practice. She earned a degree in Public Policy from the University of Southern California and a Masters of Business Administration from the University of Florida Business School. Recruited by Teach for America to educate high school students in mathematics, she later entered commercial banking before moving to the Equitable Facilities Fund where she helped the non-profit lender make facilities loans to dozens of charter schools. To date, Shannon has closed over $200 million in charter school loans, which help serve over 6,000 students a year.
Seth Wagner joins Sims as Senior Vice President on the investment banking team leading financings for the Senior Living and Education Finance practices. Seth graduated from Hampden Sydney College in Virginia with a degree in Economics and Business. Thereafter, Seth pursued a career in finance where he spent more than seven years with BB&T Capital Markets (now Truist Securities) in various progressive analyst, banking and leadership roles. To date, Seth has served in a leadership role on over 30 financing projects totaling more than $2 billion in financings.
"We welcome Kaiti, Kyle, Shannon, and Seth to the HJ Sims family, and look forward to growing our presence in education finance as we continue to expand our investment banking services with the collective industry knowledge and financing expertise that our new members bring. We also wish to support them as they strive to accomplish their goals," said Rich Harmon, Executive Managing Director and Head of the Education Finance Team at Sims.
Financed Right®: Aaron Rulnick: 301.424.9135 | arulnick@hjsims.com, Jeffrey Sands: 203-418-9002 | jsands@hjsims.com, Richard Harmon: 614.506.1976 | rharmon@hjsims.com
ABOUT HJ SIMS: Founded in 1935, HJ Sims is a privately held investment bank and wealth management firm. Headquartered in Fairfield, CT, Sims has nationwide investment banking, private wealth management and trading locations. Member FINRA, SIPC. Testimonials may not be representative of another client's experience. Past performance is no guarantee of future results. Facebook, LinkedIn, Twitter, Instagram.
CONTACT: Rebecca Brady, Director of Marketing & Brand | 203-418-9077 | rbrady@hjsims.com
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SOURCE HJ Sims | https://www.whsv.com/prnewswire/2022/08/24/hj-sims-expands-investment-banking-education-finance-team-with-introduction-new-members/ | 2022-08-24T12:28:02Z |
The pest continues to spread throughout the East Coast and Midwest
READING, Pa., Aug. 24, 2022 /PRNewswire/ -- An invasive pest continues to cause alarm throughout the East Coast and Midwest. The Spotted Lanternfly is spreading rapidly enough throughout these regions to force municipalities to create quarantine and "kill on sight" orders.
Often described as "the worst pest," the spotted lanternfly was first discovered in the United States in Pennsylvania in 2014 and has been creating destruction in residential and agricultural areas ever since. On first sight, the spotted lanternfly is visually appealing, with red and black hind wings, black-spotted front wings and a yellow abdomen with black bands. The destruction caused by this captivating pest, however, is not pleasant.
With a taste for more than 70 plant species, the spotted lanternfly's appetite and damage caused to plants threatens the agriculture industry, backyards, gardens, orchards, woodlands and community landscapes. This time of year, adult spotted lanternflies are mating and laying eggs, so it is more important than ever to be vigilant about the signs.
Spotted lanternfly populations are currently found in 11 states and threatens to continue its trek across the country. States with confirmed cases include Connecticut, Delaware, Indiana, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, Virginia and West Virginia.
Board Certified Entomologist Chad Gore of Ehrlich Pest Control offers insights into the invasive pest and how to protect plants and property from potential damage from the spotted lanternfly.
- Be proactive in the yard: Apply sticky tree bands to trees to catch nymphs and adults, and consider removing their preferred tree of choice, Tree of Heaven. This requires the tree to be cut down and an herbicide applied to the stump.
- Look for "putty" or smears of mud: The eggs look like a smear of mud and can be found on trees, often on the underside of branches and anything outside, even cars. One egg mass can have up to 50 eggs. Take a credit card or a scraper, scrape off the eggs, put it in a bag with rubbing alcohol and throw it away.
- Quickly remove "honeydew": "Honeydew" is the excrement from these insects, and this sweet liquid drops to the ground below. The "honeydew" will build up at the base of the trees and cause a black, sooty mold to grow, which can attract other insects, such as ants, bees, wasps and flies.
- Prevent or capture in gardens: Spotted lanternflies will feed on the fruits from trees or vegetable gardens. Remove the insect to reduce the amount of damage. Carefully time use of insecticides, especially before blooming of flowers or fruiting, to reduce their impact later in the season.
- Inspect cars, trucks or RVs: Inspect vehicles to ensure spotted lanternflies are not hitching a ride on or under the vehicle or have laid eggs. Remove the insects and/or egg masses before traveling to prevent spreading to other areas of the country.
- Report spotted lanternflies if new to the area: If spotted lanternflies are new to the area, notify the appropriate agency, such as the state department of agriculture. A pest professional can also help determine the correct reporting body.
- Get professional help: Spotted lanternfly treatments can help prevent damage to trees, plants and property. The treatment will not harm vegetation but will prevent these destructive pests from feeding on and damaging any plants, trees, and shrubs around the home. Contact a pest professional for more on spotted lanternfly treatments.
For more information on tick control and prevention, please visit www.jcehrlich.com.
For nearly a century, customers have trusted Ehrlich Pest Control to protect their families, homes and businesses from pests and the health threats and damages they can cause.
Since its founding in Reading, PA in 1928, Ehrlich has expanded to serve across the United States, with more than 50 offices serving nearly 20 states and the District of Columbia. With its team of highly trained, local experts, Ehrlich provides proactive pest control solutions through monitoring, prevention, and maintenance. Those solutions include general pest control, rodent, termite, bed bug, mosquito, wildlife management, and TAP (thermal, acoustical, pest control) insulation services, and more. Ehrlich is part of Rentokil, the world's largest pest control company. Rentokil and its companies, including Florida Pest Control, Western Exterminator and Presto-X Pest Control, provide commercial and residential pest control to customers in the United States and Canada.
For more information, visit Ehrlich at jcehrlich.com and connect on LinkedIn or Facebook.
MEDIA CONTACTS:
Brandon Allums
brandon.allums@rentokil.com
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SOURCE Ehrlich Pest Control | https://www.whsv.com/prnewswire/2022/08/24/how-be-prepared-spotted-lanternfly-invading-parts-us/ | 2022-08-24T12:28:08Z |
New Online Service Offering Helps Employers Strengthen the Financial Health of Their Workforce
CHICAGO, Aug. 24, 2022 /PRNewswire/ -- HUB Retirement and Private Wealth (HUB RPW), a division of Hub International Limited (HUB), announced today the launch of HUB FinPath, a financial wellness service that works with employers of all sizes to provide employees access to trusted financial coaches, unbiased guidance, and a comprehensive suite of interactive learning and planning tools to help them better manage their financial lives.
80% of employers report that financial stress is lowering their employees' performance level and costing them nearly half a trillion dollars annually.
"Employers are increasingly focused on the financial wellness of their employees and are looking to invest in the financial health and resilience of their people," said Joe DeNoyior, President of HUB RPW. "With HUB FinPath, we are helping employers round out their benefits that they can leverage to attract, retain and engage their best workers, as well as boost their employee's overall wellness."
HUB FinPath is an interactive online learning center with Certified Personal Financial Counselors that empowers plan advisors and HR to work together and provide resources to help employees address key needs such as emergency savings, budgeting & spending, security & protection, credit score improvement, retirement planning and debt management.
How HUB FinPath works:
- Access to one-on-one confidential meetings with a certified HUB FinPath Financial Coach who can explain things in a way that a video or learning module cannot. Coaches do not work on commission and are completely unbiased – they are simply there to help. Coaches are available in person or via phone, email, video chat or employee preference.
- Live and on-demand interactive courses on topics that matter to employees the most such as using credit as a financial tool or tips for maximizing paychecks. The courses are designed by HUB FinPath Financial Coaches.
- More than two dozen financial health online tools to help employees achieve their goals, manage and reduce debt, get control of spending, plan for emergencies – and more!
Learn more about HUB FinPath here.
HUB RPW continues to strengthen its services with the addition of talent and resources to develop more comprehensive strategies for clients. Hub RPW works to help plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk and helps employees pursue their financial goals. The several registered investment advisory affiliates in Hub RPW provide investment advisory services to clients whose total assets are approximately $142 billion.
Hub Retirement and Private Wealth ("RPW") offers institutional and retirement services to for-profit and not-for-profit organizations and customized private wealth management services to individuals and families. Employees of Hub International offer securities through partner Broker Dealers not affiliated with Hub. Employees of Hub provide advisory services through both affiliated and unaffiliated Registered Investment Advisors (RIA). Global Retirement Partners, LLC, Millennium Advisory Services, Inc, TCG Advisors, Hub Investment Advisors, LLC, HUB International Investment Advisory Services, Inc., and Sheridan Road Advisors, LLC are wholly owned subsidiaries of Hub International. Learn more about Hub Retirement and Private Wealth.
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 14,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, please visit www.hubinternational.com.
CONTACT:
Marni Gordon
Phone: 312-279-4601
marni.gordon@hubinternational.com
Jessica Wiltse
Phone: 312-596-7573
jessica.wiltse@hubinternational.com
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SOURCE Hub International Limited | https://www.whsv.com/prnewswire/2022/08/24/hub-launches-hub-finpath/ | 2022-08-24T12:28:15Z |
The platform assists users in HIPAA-compliant digital handoffs directly through EHR integration
BOSTON, Aug. 24, 2022 /PRNewswire/ -- I-PASS, the go-to method for reducing medical error and patient harm for hundreds of hospitals and healthcare providers nationwide, announced today that its eVIEW platform is now available across all major EHR vendors.
Developed by clinicians for clinicians, I-PASS provides a common, shared, and unified structure for verbal and written communication. The suite of solutions includes three core features, each supported through digital platforms—Learning, Measurement, and EHR Integration—making it easier for institutions to implement and reduce communication failures during patient handoffs. The I-PASS Bundle has prevented millions of major and minor harm events and is implemented in hundreds of institutions.
EHR users who implement the I-PASS eVIEW system will have access to a library of fully integrated and customizable transition templates covering 85 percent of major healthcare specialties, including emergency medicine, internal medicine, surgery, and more. The availability of eVIEW across major EHR vendors means written handoff templates can be quickly scaled to other care areas while accommodating the unique needs of different departments without the need for any additional IT resources.
"Every year, thousands of lives are impacted by adverse events caused by communication failures. By leveraging eVIEW's simple and efficient interface, clinicians can easily adopt and sustain the I-PASS method across their institutions, increasing reliability and patient safety," said Christopher Landrigan, MD, MPH, Co-Founder of the I-PASS Patient Safety Institute and Chief of General Pediatrics at Boston Children's Hospital.
EHRs play a critical role in providing important patient information. With the I-PASS eVIEW solution, providers can quickly enable routine, highly reliable handoffs of patient data efficiently and effectively. Functionality in every eVIEW template includes editable action and service lists, auto-populated data, easy integration into PDSA cycles, and standardized formats to enhance readability and printing optimization.
"Being available across major EHR vendors makes our solution even easier for healthcare organizations to adopt and to implement seamless care transitions that can help reduce communication errors and improve patient outcomes," said William Floyd, CEO of the I-PASS Patient Safety Institute. "The routine transition of knowledge shouldn't be difficult, nor should implementing a solution that works."
Implementation of the I-PASS handoff program has been associated with significantly reduced miscommunications, medical errors, and injuries due to medical errors for more than a decade. A 2021 Journal of Patient Safety study found that structured handoff programs like I-PASS can improve patient safety and reduce the substantial financial burden of medical malpractice claims.
I-PASS eVIEW is HIPAA-compliant and ensures PHI protection and security through a read-only interface.
For more information about implementing eVIEW or about additional EHR integrations, please email info@ipassinstitute.com.
The I-PASS Patient Safety Institute is a clinical leader in patient safety, enabling a standard of care for patient handoffs and closed-loop communication. Founded by clinicians in 2016, the I-PASS Institute leverages expert mentorship paired with technology and digital tools to scale the I-PASS methodology. The I-PASS Institute's solution, the I-PASS Bundle, consists of three core technical components—I-PASS Training, I-PASS Assessment and Improvement, and I-PASS eVIEW. When all three platforms are used in unison and with the guidance of an expert coach, institutions are able to reduce patient harm caused by miscommunication. Currently implemented in more than 100 institutions, the organization's clients span high-reliability organizations, from pediatrics and residency programs to nursing and transition of care with families. Learn more at www.ipassinstitute.com.
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SOURCE I-PASS Patient Safety Institute | https://www.whsv.com/prnewswire/2022/08/24/i-pass-brings-highly-reliable-digital-handoffs-clinicians-via-eview-platform-across-major-ehr-vendors/ | 2022-08-24T12:28:21Z |
THOUSAND OAKS, Calif., Aug. 24, 2022 /PRNewswire/ -- Infusion for Health, a leading care management platform with a network of ambulatory infusion centers that cares for patients with complex and chronic conditions, today announced the appointment of Craig Mercer as Chief Financial Officer to scale its financial and operational performance while optimizing its resources. The company also announced four additional senior hires including Seema Siddiqui as President of Specialty Pharmacy; Bryan Breen as Head of Business Development; Rick Morales as Senior Vice President of Provider Engagement; and Megan Kelperis as Vice President of People Operations. The appointments follow a landmark year in which Infusion for Health raised funding to build a national platform led by Oak HC/FT.
Incoming Chief Financial Officer Craig Mercer brings significant financial and operational experience to Infusion for Health. He joins from Kadiant where he served as Chief Financial Officer. Before that, he spent more than thirteen years at McKesson Corporation in various roles, most recently as Senior Vice President of Investor Relations.
"I am excited to join Infusion for Health and support the company's inspiring mission to bring patients exceptional infusion therapy experiences and the best possible outcomes," said Mercer. "I look forward to working closely with the team to drive excellent operational and financial performance and efficiently utilize its resources to lower costs for patients, all of which the company is well positioned to deliver on."
Additional senior appointments include:
Seema joins Infusion for Health as President of Specialty Pharmacy to oversee the growth of its pharmacy programs and services to help patients better manage their conditions while delivering a best-in-class experience. Seema brings over 20 years of experience in the pharmacy industry in a variety of roles, most recently leading the successful start and growth of a cutting-edge healthcare technology company. Previously, Seema held multiple positions at Target Corporation within its pharmacy and healthcare division.
Bryan joins as Head of Business Development where he will lead the development of high-impact partnerships, focusing primarily on payers and physician groups. Bryan brings more than 25 years of experience in healthcare. Most recently, he was Senior Vice President at Optum where he deployed innovative value-based partnership models to reduce costs, engage physicians, and improve outcomes and the patient experience. Before that, he held various roles Anthem and Cisco Systems.
Rick joins as Senior Vice President of Provider Engagement where he will head sales and marketing. Prior to Infusion for Health, Rick spent 18 years at McKesson Corporation, including within The US Oncology Network where he held strategy, operations, and business development roles, leading launches into new markets and additional solutions to the service portfolio to meet customer needs.
Megan joins as Vice President of People Operations where she will develop and execute the people and culture strategy at Infusion for Health, focusing on talent management, development, and acquisition as well as strategic business partnerships. She brings over 10 years of HR experience at high-growth and startup organizations. Most recently, Megan was Vice President of Global Human Resources with The Beauty Health Company. Before that, she held roles in the medical device and technology spaces at Glaukos Corporation and Alphaeon.
"These key hires are a testament to Infusion for Health's growth and commitment to delivering exceptional care and outcomes to patients at lower costs," said Dan McCarty, Chief Executive Officer. "Craig, Seema, Bryan, Rick and Megan all bring robust industry experience and impressive track records that will drive Infusion for Health towards fulfilling our mission. I'm thrilled to welcome them to the team."
Infusion for Health offers an exceptional infusion therapy experience to adults and pediatric patients with chronic conditions such as multiple sclerosis, Alzheimer's disease, Crohn's disease, arthritis, autoimmune deficiencies, and more. It's patient-centric model lowers the barriers to care while delivering an unparalleled experience in state-of-the-art facilities so that patients can live better lives. For more information, visit https://infusionforhealth.com/.
Media Contact:
Amalia Lytle
alytle@prosek.com
646-818-9271
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SOURCE Infusion for Health | https://www.whsv.com/prnewswire/2022/08/24/infusion-health-appoints-craig-mercer-chief-financial-officer-bolsters-team-with-key-senior-hires/ | 2022-08-24T12:28:28Z |
Inspire Investing, the world's largest provider of biblically responsible ETFs, has just launched the Inspire Fidelis Multi-Factor ETF trading under the ticker FDLS.
BOISE, Idaho, Aug. 24, 2022 /PRNewswire/ -- Inspire Investing, a leading biblically responsible investing firm, has just launched the Inspire Fidelis Multi-Factor ETF, trading under the ticker FDLS. This is Inspire's 9th fund launch, building on the success of their previous biblical ETFs and continuing their aggressive effort to advance the biblically responsible investing (BRI) movement.
With an expense ratio of 0.85%, FDLS is a faith-based ETF comprised of 100 high-quality, biblically aligned companies seeking growth and momentum purchased at a reasonable price. FDLS utilizes the Inspire Impact Score methodology to seek out some of the most inspiring, biblically aligned companies in the world, applying a faith-based perspective in seeking out businesses that are a blessing to their customers, communities, workforce, and the world.
FDLS seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Fidelis Multi-Cap Multi-Factor Index. For more information on the Inspire Fidelis Multi-Factor ETF, visit https://www.inspireetf.com/fdls.
Here is what Inspire CEO, Robert Netzly, had to say about the launch, "By the grace of God, even in this tumultuous market, we have continued to see an increase in demand for faith-based investments. Today, we are excited to expand our product menu again and bring the Fidelis strategy from Wallick Investments to the masses through an ETF. This launch provides a new option for investors and advisors looking to incorporate factor investing into their biblically aligned portfolios."
The Fidelis Multi-Cap Multi-Factor Index methodology utilizes a factor-based scoring methodology that ranks companies based on quality, value, and momentum characteristics. The securities in the index range from large (minimum 40% allocation) to small-or mid-cap companies with at least $250 million market cap (maximum 60% allocation). Sector and industry rules are in place to ensure continued diversification.
The index scoring methodology includes 16 criteria for Quality (including biblical values, profitability, financial health, and growth), 7 criteria for Momentum (including relative price strength and EPS revisions), and 8 criteria for Value (including price-to-value ratios, dividends, and volatility). The total criterion for Quality, Value, and Momentum factors are essentially evenly weighted (34%, 33%, and 33%, respectively).
The index is managed by Wallick Investments, LLC, a firm founded in 2005 that focuses on strategic moral investing. Wallick Investments is a nationally ranked registered investment advisory firm specializing in separately managed accounts (SMA's). Wallick designs and manages separate account portfolios using thoroughly researched proprietary processes that are repeatable, systematic, unemotional, and have stood the test of time.
Inspire is a leading provider of biblically responsible investments managing over $2 billion in assets under management (as of 8/16/2022), and creator of the globally recognized Inspire Impact Score™ which is used by investors around the world to measure the biblical alignment of their investments according to Biblically Responsible Investing (BRI) principles.
Inspire ranked in the "Top 50 fastest growing RIA firms" by FA Magazine for the past three years in a row and was recognized in The Financial Times "Americas' Fastest Growing Companies" 2021 and 2022 report, as well as the Inc. 5000 list of fastest-growing private companies in America three years running. Inspire also donates 50% or more of its net corporate profits to support impactful ministry projects around the globe through its Give50 Program. To learn more, visit www.inspireinvesting.com.
Important Risk Information:
There is no guarantee that the Funds will achieve their objective, generate positive returns, or avoid losses. Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, visit www.inspireetf.com. Read it carefully.
The Inspire ETFs are distributed by Foreside Financial Services LLC., Member FINRA. Inspire and Foreside Financial Services LLC are not affiliated. Investment advisory services offered through Inspire Investing, LLC, a Registered Investment Advisor with the SEC.
The Fund is not actively managed and the Adviser will not sell shares of an equity security due to current or projected underperformance of a security, industry or sector, unless that security is removed from the Index or the selling of shares of that security is otherwise required upon a rebalancing of the Index as addressed in the Index methodology.
The Fund invests its assets in securities with an Inspire Impact Score® of zero or higher which are screened for security's alignment with biblical values and the positive impact the issuing company has on its customers, communities, workforce and the world. As a result of its strategy, the Fund's exclusion of securities of certain issuers for nonfinancial reasons may cause the Fund to forgo some market opportunities available to funds that do not use these criteria. The value of investments in larger companies may not rise as much as smaller companies, or larger companies may be unable to respond quickly to competitive challenges, such as changes in technology and consumer tastes.
The value of investments in larger companies may not rise as much as smaller companies, or larger companies may be unable to respond quickly to competitive challenges, such as changes in technology and consumer tastes. The Fund is a new ETF with a limited history of operations for investors to evaluate.
Inspire Investing, LLC and Wallick Investments, LLC are not affiliated.
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SOURCE Inspire Investing | https://www.whsv.com/prnewswire/2022/08/24/inspire-launches-new-multi-factor-biblical-etf/ | 2022-08-24T12:28:35Z |
The Mount Airy, N.C. heating and cooling company rolls out a new logo, truck wraps and website while maintaining its award-winning customer service
MOUNT AIRY, N.C., Aug. 24, 2022 /PRNewswire/ -- J's HVAC Unlimited, an expert heating and cooling services company serving the residents of Mount Airy, N.C. since 2005, announced today that it is rebranding its image with a fresh, modern look and a new name but will continue to build upon the excellent customer care that has earned it the best HVAC company in the Mount Airy News for the past 10 out of 11 years.
The company is also changing its name to Jay's Heating, Air & Plumbing to reflect its new focus.
"We'll be sporting a new brand, new truck wraps and a new website for our new era of continued outstanding customer service," said Jamie Vaughan, owner of Jay's Heating, Air & Plumbing. "We've been known for our fire and ice logo for years but felt it was time to modernize our brand with an updated look that is sure to turn heads. Our new name also reflects some of the expanded services we plan to introduce over the coming year."
Vaughan's love of the trades comes from a long family history of working in the HVAC industry. His grandfather started a heating and cooling company in the 1920s where Vaughan's father also learned the trade before starting his own company. Then Vaughan followed suit, working for his father for more than 10 years before starting J's HVAC in 2005.
"I learned the trade from a young age and have always sought to provide the best customer service I can for my customers," he said. "That includes keeping up with new technology and trends that help the customer get better service. We want our image to reflect our commitment to industry innovation."
Vaughan said some of the new trucks are already out on the road and the Mount Airy community can expect to see the new logo soon. A crisp website explaining the company's services will soon follow.
The company's employees have more than 50 years of combined experience in the industry and its team members carry a number of certifications from the top manufacturers in the HVAC world. Jay's provides a number of services including residential and commercial HVAC care, planned maintenance agreements, aeroseal duct sealing, generators, duct cleaning, mold removal and more.
For more information about Jay's Heating, Air & Plumbing, call them at (336) 690-5253 or visit their website at www.jayisontheway.com.
Jay's Heating, Air & Plumbing has provided expert heating and cooling services for residents in Mount Airy and surrounding areas since 2005. The company's A+ rating with the Better Business Bureau reflects their commitment to providing exceptional service throughout the installation, repair or maintenance process. Jay's strives to help its customers work within a budget without sacrificing quality. Jay's offers flat rate pricing and financing options for qualified customers. Jay's in Mount Airy is a Trane Comfort Specialist, a Lennox dealer and provides repair and maintenance services for all models of heating and cooling equipment. The company is also a Mitsubishi Diamond Contractor. For more information, visit their website at www.jayisontheway.com.
MEDIA CONTACT:
Heather Ripley
Ripley PR
865-977-1973
hripley@ripleypr.com
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SOURCE Jay’s Heating, Air & Plumbing | https://www.whsv.com/prnewswire/2022/08/24/js-hvac-unlimited-enters-new-era-with-an-updated-look-new-name/ | 2022-08-24T12:28:41Z |
As Financial Advisors Face Challenges in New Era of Communication, The Kelley Group Offers 'Hybrid' Training for Both In-Person and Virtual Communications
LOS ANGELES, Aug. 24, 2022 /PRNewswire/ -- The Kelley Group, a leading provider of training and coaching to the financial services industry, will be hosting "Return: Back to the Future," a live training event on Thursday and Friday, October 20-21, at the Hilton Santa Monica Hotel & Suites in Santa Monica, California, where financial advisors will learn an evolutionary system of communication that will enable them to be consistently "in the zone." Delivered to corporations with impressive results, this is the first time individual advisors are being invited to participate in this highly interactive training. During an intensive two-day training, the challenges advisors face when connecting with clients and prospects will be addressed using a variety of communication mediums. To learn more about "Return: Back to the Future," visit www.Thekelleygroup.net/2022-08-31-f2f/ to register to attend a complimentary webinar on August 31 at 12:15 p.m. PDT (3:15 p.m. EDT).
"Now that many financial advisors are back in the office, they're faced with the new future of communication… an in-person and virtual communication hybrid," said Brooke Kelley, co-founder of The Kelley Group. "While some advisors may have been trained in basic communication skills for face-to-face interactions, those skills may have deteriorated over time due to the time away from each other we've experienced during the pandemic. And unfortunately, most have never been trained to successfully navigate the new world of hybrid communication."
"An increasing number of companies are beginning to understand the need for advanced communication training," said The Kelley Group co-founder Sarano Kelley. "They realize advisors need skills that will help them immediately move relationships with prospects and clients to the next level. When advisors learn how to recognize their clients' or prospects' verbal and non-verbal cues, they're in a better position to truly understand their concerns, fears, frustrations, and to dig deeper into their dreams for the future."
During the training, advisors will learn skills that apply to every communication medium, including emails, texts, podcasts, social media, or videoconferencing as well as face-to-face and phone meetings, webinars or seminars.
Participants will gain access to:
- Revolutionary communication skills applicable to multi-channels across multiple mediums.
- Scripts proven effective by Wall Street's elite advisors and with two decades of research and application.
- Participation in communication simulations where coaches and peers will provide constructive feedback.
- Real-life assignments for practicing the concepts taught.
- Video recording and playback to document each advisor's progress.
Consisting of games, challenges and a unique system of accountability, the training will provide advisors with advanced skills to help them outpace their competition and to masters in the fine art of communication.
To learn more about the upcoming event, visit www.Thekelleygroup.net/2022-08-31-f2f/ to join Sarano and Brooke at 12:15 p.m. PDT (3:15 p.m. EDT) on August 31st, for an introduction to "Return: Back to the Future," a complimentary webinar.
About The Kelley Group
The Kelley Group is the financial services industry's leading provider of speaking, top-ranked coaching, and world-class training to elite advisers and senior managers throughout the premier North American financial institutions and independent channels. The Kelley Group is known for its breakthrough processes for producing tangible business-growth results. They regularly speak upon many of them via webinars, training, and platform presentations, where Sarano Kelley is consistently rated as a top speaker. Founded in 1996, the Kelleys have trained more than 250,000 financial professionals from all aspects of the industry, with Brooke Kelley serving as a long-time coach to many of the top Barron's and Forbes listed advisors, including some of the nation's most influential and accomplished female advisors. They have authored three books together, including Reversing the Deal Flow: The Secret to Prospects Calling You to Become Clients; The Game: Winning Your Life in 90 Days; and industry "how-to" book on recruiting, A Guide to the Recruiting Conundrum. For more information, visit http://www.thekelleygroup.net.
CONTACT
AdvisorPR®
(702) 685-7450
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SOURCE The Kelley Group | https://www.whsv.com/prnewswire/2022/08/24/kelley-group-host-return-back-future-live-event-october-20-21-provide-advisors-with-advanced-communication-training/ | 2022-08-24T12:28:48Z |
Districts across the state can now use data from the i-Ready Assessment for Reading as part of a multi-tiered system of supports for early learners
NORTH BILLERICA, Mass., Aug. 24, 2022 /PRNewswire/ -- The Kentucky Department of Education (KDE) recently named Curriculum Associates' i-Ready Assessment for Reading as an approved universal screener for early literacy. Now, districts across the state can use data from the online program as part of a multi-tiered system of supports for students in Grades K–3 as outlined by the state's Read to Succeed Act. Today, i-Ready serves more than 11 million students and approximately one-third of all students in Grades K–8 in the United States, including more than 80,000 students across Kentucky.
"Early screening is the first step to helping young learners on their path to reading success," said Rob Waldron, CEO of Curriculum Associates. "The data from our i-Ready Assessment will help Kentucky educators understand where students are in their reading and develop a reading improvement plan, if needed, to help students meet reading goals."
As part of the Read to Succeed Act, all superintendents in the state must select at least one universal reading screener to administer to all students in Grades K–3 by January 1, 2023. Superintendents can choose from the approved list of screeners, all of which underwent a rigorous review by the KDE. KDE's approval process, which is guided by the National Center on Intensive Intervention at American Institutes for Research's Screening Tools Chart Rating System and the Institute for Education Sciences, examined measures for classification accuracy, reliability, validity, and representative sample.
i-Ready makes the promise of differentiated instruction a practical reality for 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 Diagnostic provides educators with actionable criterion-referenced and normative data to deliver impactful, equitable learning experiences. Teachers administer the Diagnostic at the beginning of the school year to chart a course for their instruction and to personalize i-Ready instructional paths. A midyear and end-of-year Diagnostic 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 the KDE approval of i-Ready, visit https://education.ky.gov/curriculum/conpro/engla/Pages/early_literacy_screening_assessments.aspx. 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.
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SOURCE Curriculum Associates, LLC | https://www.whsv.com/prnewswire/2022/08/24/kentucky-department-education-approves-curriculum-associates-i-ready-assessment-grades-k-3-universal-screener-early-literacy/ | 2022-08-24T12:28:55Z |
WHITE PLAINS, N.Y., Aug. 24, 2022 /PRNewswire/ -- The USTA and La Roche-Posay are excited to announce that La Roche-Posay has signed on to become the official sunscreen partner of the US Open. According to the American Academy of Dermatology, skin cancer is the most common cancer in the United States with one in five Americans developing skin cancer in their lifetime. Regular daily use of an SPF 15 or higher sunscreen reduces the risk of developing melanoma by 50 percent1.
Beginning with this year's US Open, La Roche-Posay will have a sun safety education booth in the South Plaza of the USTA Billie Jean King National Tennis Center, with two additional product sampling kiosks on the grounds. La Roche-Posay will be featured and sold in US Open Collection stores, and will also provide product for players.
"La Roche-Posay is proud to be the Official Sunscreen of the US Open. In 2010, La Roche-Posay introduced the SOS – Save Our Skin campaign to inform the public about the dangers of UV rays and the importance of practicing sun safe behaviors in order to prevent skin cancer. La Roche-Posay has strategically partnered with the US Open to advance our mission and promote sun safe behaviors on and off the court with complimentary sunscreen and skin education available to all attendees at the US Open." - Guillaume Monsel, Vice President of Marketing, La Roche-Posay USA.
"La Roche-Posay is an industry leader, committed to producing the best and most advanced sunscreen products," said Deanne Pownall, Managing Director, Corporate Partnerships, USTA. "It is fitting that they are the first ever official Sunscreen Partner of the US Open. Our fans and players will benefit from having La Roche-Posay products available to protect them while they are on-site or on-court."
The 2022 US Open begins with Fan Week on August 23. The main draw runs August 29-September 11.
La Roche-Posay is offering a sweepstakes to win four (4) free courtside tickets to attend the 2022 US Open on Thursday, September 8, for the Women's Semifinals. Click here to enter.
Recommended by 90,000 dermatologists worldwide, La Roche-Posay's mission is to offer life-changing dermatological skincare. Created by a French pharmacist in 1975, the brand is now available in over 60 countries. It offers a unique range of daily skincare developed for every skin type to address various skin concerns and complement prescription treatments. At the center of the brand is the exclusive selenium-rich La Roche-Posay Thermal Spring Water, a core ingredient in its skincare formulas known for its soothing and antioxidant properties that is sourced from its Thermal Center in France, the first Dermatology Center in Europe. The products are developed using a strict safety and formulation charter with a minimal number of ingredients and are formulated at optimal concentrations. Additionally, La Roche-Posay products undergo stringent clinical testing for efficacy and safety with over 750+ studies and 25 years of extensive research, even on sensitive skin. The key La Roche-Posay product ranges are: Lipikar (dry skin), Anthelios (photoprotection), Effaclar (acne) and Toleriane (sensitive skin). For additional information about La Roche-Posay, visit www.laroche-posay.us and follow La Roche-Posay USA on Facebook, Instagram and Twitter @LaRochePosayUSA, and Tik Tok @LaRochePosayUS
The USTA is the national governing body for the sport of tennis in the U.S. and the leader in promoting and developing the growth of tennis at every level -- from local communities to the highest level of the professional game. A not-for-profit organization, it invests 100% of its proceeds in growing the game. It owns and operates the US Open, one of the highest-attended annual sporting events in the world, and launched the US Open Series, linking seven summer WTA and ATP World Tour tournaments to the US Open. In addition, it owns approximately 120 Pro Circuit events throughout the U.S. and selects the teams for the Davis Cup, Billie Jean King Cup, Olympic and Paralympic Games. The USTA's philanthropic entity, the USTA Foundation, provides grants and scholarships in addition to supporting tennis and education programs nationwide to benefit under-resourced youth through the National Junior Tennis & Learning (NJTL) network. For more information about the USTA, go to USTA.com or follow the official accounts on Facebook, Instagram, Twitter and TikTok.
1 Green AC, Williams GM, Logan V, Strutton GM. Reduced melanoma after regular sunscreen use: randomized trial follow-up. J Clin Oncol 2011; 29(3):257-263.
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SOURCE La Roche-Posay | https://www.whsv.com/prnewswire/2022/08/24/la-roche-posay-becomes-first-ever-official-sunscreen-us-open/ | 2022-08-24T12:29:02Z |
Longtime Make-A-Wish executive to take the reins from retiring President and CEO Richard Davis
PHOENIX, Aug. 24, 2022 /PRNewswire/ -- Make-A-Wish America today announced that the board of directors has appointed Leslie Motter as the organization's new president and CEO, as current President and CEO Richard Davis steps down to begin his retirement.
Richard joined Make-A-Wish in January 2019. During his term as president and CEO, he positioned the organization through business transformation strategies and brand building efforts with the goal of driving revenue and granting more wishes. He also led the organization through the many challenges posed by the pandemic.
"We are incredibly grateful to Richard for his vision, his leadership, and his uncompromising dedication to the mission of Make-A-Wish," said George Barrios, chairman of the Make-A-Wish America Board of Directors. "Moreover, the work that Richard and Leslie have accomplished together over the past several years effectively guided the enterprise through the ever-changing landscape during the pandemic, ensuring our financial health and ability to grant safe wishes for our families.
"We are delighted to promote Leslie into this new role. She is an impact-driven leader who is fiscally-minded, goal-oriented and believes that people are our most valuable asset. Leslie and Richard will work closely together in the coming months as she transitions into this role."
Leslie has been a senior member of the Make-A-Wish America leadership team since joining as chief human resources officer in 2013. In 2015 she was promoted to the position of chief operating officer. Prior to joining Make-A-Wish, Leslie held executive roles with American Express, Vanguard, and Prudential. Leslie is deeply committed to the mission of Make-A-Wish and has demonstrated this by consistently delivering for children and families during her tenure with the organization.
"I am extremely grateful and excited to take on the president and CEO position," Leslie said. "Richard has been an extraordinary leader and Make-A-Wish is positioned to further enhance our capabilities and to continue expanding on our mission of granting wishes for children."
Richard Davis added, "Among the greatest pleasures and honors of my professional life has been serving as the president and CEO of Make-A-Wish America. I remain steadfastly committed to this organization, and I could not be more pleased that the board has selected Leslie to lead Make-A-Wish into the future."
Richard and Leslie will work closely during the transition until he retires later this year. Make-A-Wish extends its deepest appreciation to Richard and its congratulations to Leslie.
Make-A-Wish creates life-changing wishes for children with critical illnesses. Headquartered in Phoenix, Arizona, Make-A-Wish is the world's leading children's wish-granting organization, operating in every community in the United States and in nearly 50 countries worldwide. Together with generous donors, supporters, staff and more than 24,000 volunteers across the U.S., Make-A-Wish delivers hope and joy to children and their families when they need it most. Make-A-Wish aims to bring the power of wishing to every child with a critical illness because wish experiences can help improve emotional and physical health. Since 1980, Make-A-Wish has granted more than 520,000 wishes worldwide; more than 350,000 wishes in the U.S. and its territories alone. For more information about Make-A-Wish America, visit wish.org.
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SOURCE Make-A-Wish Foundation of America | https://www.whsv.com/prnewswire/2022/08/24/make-a-wish-america-announces-appointment-leslie-motter-president-ceo/ | 2022-08-24T12:29:08Z |
Grid Transition At Risk
WASHINGTON, Aug. 24, 2022 /PRNewswire/ - A paper released today by Travis Fisher, president and CEO of the Electricity Consumers Resource Council (ELCON), and Vincent Duane, a former senior vice president with PJM Interconnection and now a principal at Copper Monarch, LLC, attributed skyrocketing wholesale electricity costs in part to the design of wholesale electricity markets in place across two-thirds of the United States.
This design, which prices all electricity the same whether generated by fossil, nuclear or renewable generators, denies consumers the economic advantage of zero-marginal cost wind and solar generation.
Moreover, this market design deployed in independent system operators and regional transmission organizations may no longer meet the "just and reasonable" requirement of the Federal Power Act, the paper noted. The authors call on the Federal Energy Regulatory Commission (FERC) to investigate.
ISO/RTOs run complex auctions resulting in a single clearing price paid to all electricity suppliers – a price established by the highest offer taken to meet demand in the market. The marginal supplier, and its offer, sets a price paid to the entire supply stack. What this means in real terms, is that consumers in many peak hours this summer are buying solar and wind electricity that costs little to produce at the price of the most expensive fossil plant operating on the margin.
"Containing electricity costs remains a top priority of ELCON, and greater scrutiny of how these wholesale markets impact the cost of electricity is a critical component of that effort," Fisher said. He noted that, more than a year ago, ELCON sent a letter to Congress urging an independent study to assess the impact on consumers of wholesale markets, especially given new developments such as wholesale market expansion, clean energy goals and electrification. To date, federal oversight and regulatory organizations such as the U.S. Government Accountability Office and FERC have sidestepped ELCON's request.
"In ISO/RTOs, paying all suppliers a single clearing price is grounded in an ideology that treats electricity as a fungible commodity notwithstanding operational and performance attributes that vary widely across generator types. This design choice results in consumers in ISO/RTO regions paying more for wind and solar electricity than they should." Duane said.
Fisher added, "when out-of-market payments to favored resources total $370 billion in a single Congressional action, as in the Inflation Reduction Act, scrutiny of market results becomes even more important. The focus now should be on the best way to mitigate the consumer impact from the kind of high-price havoc seen recently in European and Australian wholesale markets."
Electricity consumers face tremendous cost pressure as economies transition to meet decarbonization goals. As policymakers grapple with electricity affordability in the face of this systemic shock, they should examine the obscure but important rules that establish wholesale electricity prices. In this regard, the essay points to Great Britain, where both lawmakers and environmentalists have questioned whether and how to "uncouple" the price of low-cost renewable electricity from the high natural gas prices that fuel the combined or simple cycle plants of the marginal supplier.
Similarly, in the United States,"FERC and its overseers in Congress should be asking why we persist in paying a single clearing price to all electricity producers in ISO/RTOs," the paper emphasized. "Asking competitive markets to recalibrate given changed circumstances and to develop a pricing regime that is fairer to consumers and producers in ISO/RTO regions – not to mention more reflective of operational realities – is asking to improve these markets, not repudiate them." This inquiry lies at the very core of FERC's statutory duties.
Contact:
Karen Onaran
KOnaran@elcon.org
202.210.7153
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SOURCE ELCON | https://www.whsv.com/prnewswire/2022/08/24/market-design-choice-is-contributing-high-electricity-costs-isorto-regions-paper-urges-ferc-action/ | 2022-08-24T12:29:14Z |
SINGAPORE, Aug. 24, 2022 /PRNewswire/ -- Bonanza Goldfields Corp. (OTC:BONZ) is pleased to announce that Marvion™️ was invited to be the metaverse partner in one of the largest and major exhibitions in Asia for computer communications and electronic products, the Hong Kong Computer & Communications Festival ("HKCCF"), that took place August 19, 2022 to August 22, 2022.
About HKCCF
The Hong Kong Computer and Communications Festival is an annual event organized by The Chamber of Hong Kong Computer Industry to showcase the latest technologies in the tech sector in Hong Kong. As one of Asia's leading Technology Innovation Hubs, the primary objective of this year's festival was to feature the metaverse and unravel its mystery.
To achieve this goal, HKCCF introduced live demonstrations of on-site virtual platforms, a virtual Ocean Park, an AI (Artificial Intelligence) x AR (Augmented Reality) service platform to experience 3D online entertainment, and more importantly, the debut of the Marvion Metaverse!
Patrons were able to explore the possibilities in the metaverse showcased at HKCCF, shop for a wide array of the latest tech products and experience firsthand the latest tech trends. This year, more than 200 exhibitors participated in this festival, occupying about 600 booths, and an estimated 500,000 visitors attended, with many such visitors being able to witness the debut of the Marvion Metaverse. The conference expects that this year's sales will be the same as last year, maintained at HK$330 million.
In line with the development of the Digital Transformation Zone, the festival organized a summit exploring Web 3.0 development. The summit themes were "Digital Transformation" and "Emerging Technologies" respectively. The conference invited industry elites to share their unique insights, jointly explored the challenges faced by local enterprises in the transformation and used various types of cases to explore the trend of the future.
Showcasing the Marvion™️ Web 5.0 to the Public
Of the various tech groups showcased at HKCCF this year, XBE is one of the leading Web 5.0 application technology groups globally. Its main operations include helping companies, both new as well as long-established traditional industries, to become one of the first movers into the Web 5.0 space. On the other end of the spectrum, HKCCF also showcased Marvion™️, a success case in the media and entertainment industry notable for the successful deployment of Digital Ownership Token ("DOT") technology.
In HKCCF this year, Marvion™️ joined forces with XBE to debut for the first time the "Marvion Metaverse" to the public. Visitors were able to indulge themselves in the metaverse to play games and interact with other live players.
In order for participants to take their experience with the Marvion Metaverse beyond the exhibition, participants were able to obtain a "WAPE" DOT (Digital Ownership Token), which had a global perpetual commercial copyright license to the Working Ape (WAPE) PFP (profile picture) embedded into the metadata of the DOT. In addition, visitors were also able to interact with Marvion™️'s virtual KOL (Key Opinion Leader) character.
Through their experience with the Marvion™️ Metaverse and the distribution of "WAPE" DOTs, Marvion™️ and XBE successfully attracted a growing Gen Z community and facilitated their reconnection with Hong Kong after a trying past few years.
Our Vice Chairman of Marvion™️, One of the Line-Up of Speakers
Julian So, Vice Chairman of Marvion™️ and a speaker for the Web 3.0 Summit in HKCC noted that "incubating new and mature companies into Web 5 powerhouses is the right path in this digital era as Gen Z'ers are poised to be the single largest group of consumers worldwide and who will have a great impact on the world."
Commenting on Web 5 as a Service (5aas), Kevin Tan, CEO of Marvion™️ stated that "Marvion™️ aims to gradually build a community around 5aas by initially releasing a small collection of WAPE DOTs. Owners of a WAPE receive a global perpetual private and commercial license to the PFP, documented and embedded within the metadata of the DOT. The holders of these DOTs can commercialize these rights. Each WAPE DOT can be expanded into merchandise, animation, short films, and the applications are both wide and diverse. We remain committed to adopting and implementing Web 5.0 technologies in a responsible manner to disrupt consumers' experiences in the metaverse, enhance efficiency and productivity, and ultimately improve people's lives. The possibilities are limitless."
"Millennials are members of the first youngest generation more interested in gathering experiences than acquiring more material possessions. Gen Z'ers are even more interested in authentic experiences beyond the product or the brand. We see the DOT as a powerful tool to be used in the development of these strategies. The Marvion™️ Working Ape project seeks to provide a solution to the current NFT market to work with the community that embraces technology and experience. The WAPE DOT offers real-world value to its holders", says Ms. Marsella Cheng, PR director of Marvion™️.
For more information on Marvion™️, please visit www.marvion.media.
About BONZ
The group is building an ecosystem and a metaverse for the media and entertainment industry that implements and adopts blockchain and NFT technologies, through mergers and acquisitions.
About Marvion™️
Marvion™️ is a metaverse technology company in the media and entertainment industry, focusing on movies, drama, animation, comics, music, and games that provide content and entertainment to adults and children alike. Although most media and entertainment content are digital in nature today, they exist in the real world as intangible assets, such as intellectual property, licenses and contractual rights, with intrinsic value.
Marvion™️ applies blockchain and NFT technologies as tools to disrupt and improve the existing media and entertainment industry and its current practices. The technology underpinning NFTs (non-fungible tokens) has multiple functional use cases, some of which have the power to transform our societies, and some of which may be subject to regulations. Marvion™️ uses NFT technology solely to create a legally-binding digital ownership token (DOT) to both tangible and intangible media and entertainment assets, which our analysis suggests would functionally fall outside any regulatory perimeter.
More Information about Marvion™️:
Website: marvion.media
Facebook: facebook.com/marvionmetaverse
Instagram: instagram.com/marvion.media
Twitter: twitter.com/marvion_media
LinkedIn: linkedin.com/company/marvion
Telegram: t.me/marvion_media
About Hybrid DOT (h-DOT)
A h-DOT is an integrated, best in class, digital ownership token (DOT) that contains a smart contract that can execute transactions and also contains the specific legal terms of the intellectual property ownership, license and/or rights. Each Hybrid DOT (h-DOT) contains the following:
- A copy of the SPA for the purchase of the master license.
- Evidence or warranty of ownership of the relevant intellectual property.
- Ownership of the sub-license detailing the rights of the h-DOT holder.
- Image/video/music or other file depending on what the asset is.
For media queries, please contact:
Ms Marsella Cheng
Director, PR
media@Coinllectibles.Art
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SOURCE Bonanza Goldfields Corp. | https://www.whsv.com/prnewswire/2022/08/24/marvion-metaverse-working-apes-digital-ownership-tokens-took-hong-kong-by-storm-hong-kong-computer-amp-communications-festival-hkccf-2022/ | 2022-08-24T12:29:20Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Mesmerize (www.mesmerize.com), a prominent media company specializing in patient education at the point of care, is pleased to announce a new partnership with PharmaSmart®. PharmaSmart is a leading health kiosk company that provides clinical-grade patient screening, mobile app integration, and deep customization to support retail brands, drive enterprise digital health strategies, and deliver the tools and data pharmacists need to practice at the top of their license.
The partnership will allow Mesmerize clients to connect with consumers on their healthcare journey while they are in a health-focused retail environment. PharmaSmart's public-use biometric kiosks offer a full suite of consumer engagement and digital media capabilities, presenting advertisers with a unique opportunity to capitalize on a captive and targeted audience while also impacting passing foot-traffic. Advertising opportunities expose shoppers to branded messaging while they are filling prescriptions, browsing for health products, walking by the pharmacy area, or using the PharmaSmart kiosk.
"Mesmerize is excited to partner with PharmaSmart to expand its reach in retail pharmacies and on biometric kiosks, offering advertisers another means of reaching health-conscious consumers along their healthcare journey and at the point of purchase," said Craig Mait, Mesmerize President & Chief Revenue Officer. Mait added, "PharmaSmart has positioned itself at the cutting edge of pharmacy clinical services, and we are excited to partner with them to transform the consumer healthcare experience."
"Mesmerize stands out as a leader in point-of-sale health education," said Josh Sarkis, PharmaSmart Chief Strategy Officer. "Working with Mesmerize, we will connect PharmaSmart users with valuable health and wellness information and offer brands high impact point of care campaigns. This will deliver value to brands and consumers, and additional ROI for our retail clients."
The partnership currently includes digital advertising capabilities in the US Northeast, with plans to expand into additional leading pharmacy chains across the U.S. in 2023.
Mesmerize specializes in patient education at the point of care. Mesmerize provides targeted educational materials including digital and static wallboards, literature distribution, and branded medical essentials to patients and caregivers in waiting rooms, exam rooms, and other high traffic areas of doctors' offices, community-based organizations, AIDS service organizations, and independent and chain pharmacies. For more information, please visit www.mesmerize.com.
PharmaSmart® is North America's most trusted, most advanced, and fastest growing health kiosk company. PharmaSmart®, headquartered in Rochester, NY, currently serves more than 7,000 locations, including retail pharmacies, major worksites, military bases, University Schools of Pharmacy, hospitals and medical clinics. PharmaSmart's Health IT database currently houses data on more than 100 million biometric screening sessions. For more information visit the company's website at www.pharmasmart.com.
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SOURCE Mesmerize | https://www.whsv.com/prnewswire/2022/08/24/mesmerize-expands-reach-retail-pharmacies-with-pharmasmart-partnership/ | 2022-08-24T12:29:27Z |
The Nation's First Minority-Owned, Publicly Traded Credit Bureau & Lending Corp
,
/PRNewswire/ --
-- At this time in which the credit monitoring and reporting industry is increasingly failing consumers, accounting for one-third of complaints with the Consumer Finance Protection Bureau, the National Association for Equal Opportunity in Higher Education (NAFEO), and ECRID Credit and ECRID Lending Corp., have joined forces to make certain that those in the HBCU Community and many others who have disproportionately been ill-served by credit and lending entities, reap the tremendous benefit of ECRID. As the nation's first minority-owned, publicly traded (ECDD) credit bureau (
), ECRID valuates the creditworthiness of its members through its own ECRID Credit Report and ECRID Lending Report. Its valuations look at whole credit life experiences of its members, in determining creditworthiness. This substantially expands
those who can access credit needed
for such things as home ownership, and business creation.
NAFEO is the only membership and advocacy association for all 106 Historically Black Colleges and Universities (HBCUs) and 80 Predominantly Black Institutions (PBIs). These institutions are located in 22 states, the District of Columbia, and the Virgin Islands. They represent more than 700,000 students, 72,000 faculty, and 1,000,000 alumni, worldwide. NAFEO members are public, private, and land-grant, two-year, four-year, graduate and professional institutions. HBCUs have a $1.5B short-term economic impact. HBCUs are responsible for graduating disproportionate percentages of those who account for $1.3T in black buying power, and keeping dollars in the black communities longer.
Attorney Lezli Baskerville, President & CEO of NAFEO stated, "NAFEO is excited to have entered a partnership with ECRID, a publicly traded (ECDD) minority-owned, second chance credit bureau. ECRID entered the credit bureau space heretofore dominated by Equifax, Experion, and Trans Union. We welcome a minority-owned company into the credit bureau space. As with so many of today's college graduates, recent graduates of HBCUs struggle to secure mortgages upon completing college in part because of today's cost of college and post-graduate education, and also because roughly two-thirds of HBCUs students are from families with households of $25,000 or less. HBCUs, nonetheless are proven to be the most effective pipeline for moving back and other diverse students into the middle class by their 30s. ECRID will offer these distinguished scholars and others, another option for proving creditworthiness that will enable them to invest in a house and begin generating wealth."
Mr. Cleveland Gary, Founder & CEO of ECRID, and a former NFL player expressed his vision for the NAFEO HBCU-PBI ECRID alliance, thus: "For many years, we've worked hard to create a custom-made wealth building platform that would transform the lives of under resourced persons. The HBCU partnership with ECRID will create an economic shift that promotes wealth building. ECRID will be a major provider of loans and attendant services to the 700,000 plus students enrolled in HBCUs and PBIs and the nearly 1,000,000 HBCU and PBI alumni. ECRID will be the first-choice provider of services to the HBCU alumni and their family members who have graduated from the 106 Historically Black Colleges and Universities (HBCUs) and 80 Predominantly Black Institutions (PBIs) that are members of the National Association for Equal Opportunity in Higher Education. And what a privilege it is for me, a former NFL player, who studied economics and finance in college and on Wall Street, to put these facets of my life's experiences to work assisting in leveling the credit and lending fields, and assisting others in wealth-building."
ECRID will support HBCU students, faculty, alumni, and other diverse persons in responsibly borrowing, building and sustaining flourishing businesses, purchasing homes and laying a solid foundation for wealth building.
About ECRID
ECRID came to market to transform the financial lives of every American who needs a second chance of becoming credit worthy. The company has created an innovative fintech platform providing opportunity for individuals and families to regain their financial footing and build wealth in spite of a past bankruptcy, judgement, collections or lien. Second chances have been created to get each ECRID Member financially healthy through this new Innovative fintech platform.
About NAFEO
The National Association for Equal Opportunity in Higher Education (NAFEO) is the nation's only national membership association of all of the nation's Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs). Founded in 1969, by the presidents and chancellors of HBCUs and other equal educational opportunity institutions, NAFEO is a one-of-a-kind membership association representing the presidents and chancellors of the public, private, independent, and land-grant, two-year, four-year, graduate and professional, HBCUs and PBIs.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements." Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified using words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" & other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered w/ these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Contact
NAFEO
NAFEONATION.org
Joy C. West
(202) 552-3300
(202) 445-5686
Maria Schuberth
(561) 722-8620
Ecrid, Inc.
ECRID.com
(800) 380-9096
support@ecrid.com
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SOURCE Ecrid, Inc. | https://www.whsv.com/prnewswire/2022/08/24/nafeo-membership-amp-advocacy-association-all-hbcus-pbis-joins-former-nfl-player-cleveland-garys-network-based-platform-drive-hbcus-pbis-reap-benefits-ecrid-inc/ | 2022-08-24T12:29:34Z |
-Results will be released Monday August 29,2022-
-Conference Call with Management to be held at 11AM ET-
AMITYVILLE, N.Y., Aug. 24, 2022 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading designers and manufacturers of high-tech electronic security devices, wireless recurring communication services for intrusion, fire alarm, access control and locking systems as well as a leading provider of school safety solutions will release financial results for its Fiscal Fourth Quarter and Fiscal Year 2022 which ended June 30, 2022 on Monday August 29, 2022 before the market opens, followed by a conference call at 11 a.m. ET.
Interested parties may participate in the call by dialing 1-877-407-4018 or for international callers, 1-201-689-8471. The conference call will also be available on replay starting at 2 p.m. ET on August 29, 2022. For the replay, please dial 1-844-512-2921 domestically, or 1-412-317-6671 for international callers, and use the replay access code 13732519
In addition, the call will be webcast and will be available on the Company's website at www.napcosecurity.com.
About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc., is one of the world's leading manufacturers and service providers of high-tech electronic security devices as well as a leading provider of school safety solutions. The Company consists of four Divisions: NAPCO, plus three wholly-owned subsidiaries: Alarm Lock, Continental Instruments, and Marks USA. Headquartered in Amityville, New York, its products are installed by tens of thousands of security professionals worldwide in commercial, industrial, institutional, residential and government applications. NAPCO products have earned a reputation for innovation, technical excellence and reliability, positioning the Company for growth in the multi-billion dollar and rapidly expanding electronic security market. For additional information on NAPCO, please visit the Company's web site at http://www.napcosecurity.com.
Safe Harbor Statement
This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, but are not limited to, statements relating to the impact of COVID-19 pandemic; the growth of recurring service revenue and annual run rate; the introduction of new access control and locking products; the opportunities for fire alarm products; and our ability to execute our business strategies. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those risk factors set forth in the Company's filings with the Securities and Exchange Commission, such as our annual report on Form 10-K and quarterly reports on Form 10-Q. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and the Company undertakes no duty to update such information, except as required under applicable law.
Contacts:
Patrick McKillop
Director of Investor Relations
NAPCO Security Technologies, Inc.
800-645-9445 x 374
Mobile: 516-404-3597
pmckillop@napcosecurity.com
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SOURCE NAPCO Security Technologies, Inc. | https://www.whsv.com/prnewswire/2022/08/24/napco-security-technologies-announce-fiscal-fourth-quarter-fiscal-2022-results/ | 2022-08-24T12:29:40Z |
CRB implements a Fellowship program that elevates the career trajectory of its SMEs and allows technically focused individuals to disrupt their industries
KANSAS CITY, Mo., Aug. 24, 2022 /PRNewswire/ -- CRB – a leading global provider of sustainable engineering, architecture, consulting and construction solutions to the life sciences and food and beverage industries – announces today the creation of its new Fellowship program. This initiative focuses on the career advancement of subject matter experts (SMEs) within the organization to drive industry-wide innovation and positions CRB to better serve clients' technical needs.
CRB's program provides a bold new career path for its existing corps of industry-leading SMEs while bolstering the company's reputation as a vibrant hub that attracts and retains top technical talent.
The new Fellowship program recognizes employees with outstanding expertise as Senior Fellows and Fellows, and their roles are guided by these critical pillars: Global Expertise, Thought Leadership & Industry Impact, Mentoring and Innovation. Those distinguished professionals chosen for the program are tasked with sharing their deep industry expertise through knowledge-sharing to aid project delivery, involvement in industry organizations, guidance on regulatory standards and contributions to trade publications.
"Rewarding client and employee experiences are at the heart of everything we do at CRB, and this program puts an exclamation point on that promise," said Tim Barba, CRB's Chief Operating Officer for Global Technical Operations. "By introducing Senior Fellows and Fellows into our titling structure, our brightest subject matter experts have a clear career path that taps their technical expertise and enables them to drive solutions that help bring our clients' projects to life."
Senior Fellows and Fellows will be instrumental in assessing industry trends and informing CRB's strategy for continuous preeminence, while identifying and managing risks during project execution and delivery on a global scale. Additionally, they will help clients navigate the unique challenges of highly technical and novel projects. As they pursue technical expertise, Senior Fellows and Fellows will lead the development and implementation of cutting-edge technologies and innovations and will champion growth programs within the company.
Importantly, these individuals will mentor fellow CRBers, fostering continuous learning and lighting the career path for others, Barba said.
Learn more about the Fellowship program and meet CRB's Senior Fellows and Fellows by visiting CRB's website.
CRB is a leading provider of sustainable engineering, architecture, construction, and consulting solutions to the food and beverage and life sciences industries. Led by its innovative ONEsolution™ service, CRB provides successful integrated project delivery for clients demanding high-quality solutions, on time and within budget. The company's nearly 1,800 employees provide world-class solutions that drive success and positive change for their clients, people, and communities. CRB is a privately held company with a rich history of serving clients throughout the world, consistently striving for the highest standard of technical knowledge, creativity, and execution.
CONTACT:
Clarity Quest Marketing:
877-887-7611
Bonnie Quintanilla, bonnie@clarityqst.com
CRB:
816-200-5234
Chris Clark, chris.clark@crbgroup.com
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SOURCE CRB | https://www.whsv.com/prnewswire/2022/08/24/new-fellowship-program-allows-technical-leaders-advance-industries-they-serve/ | 2022-08-24T12:29:47Z |
OKLAHOMA CITY, Aug. 24, 2022 /PRNewswire/ -- Courtney Elliott's heart stopped beating on a procedure room table three weeks after delivering her baby. Her condition was caused by a massive blood clot, a complication from a COVID-19 infection at 36 weeks pregnant.
It took more than 100 Mercy co-workers from 21 hospital departments working together over nine weeks to save Elliott's life not once, not twice, but three times.
An at-home COVID-19 test confirmed the exhaustion and shortness of breath she was experiencing weren't simply the result of late-stage pregnancy.
Elliott initially monitored minor symptoms at home until her breathing became so labored, her OB/GYN determined the safest option was to deliver as soon as possible. At 37 weeks, her baby was full term.
"If we could just deliver the baby, her uterus would decompress and allow her lungs to work more effectively," said Dr. Jennifer Strebel, Mercy obstetrician/gynecologist.
A heathy 7-pound, 7-ounce baby girl arrived January 12 during an emergency cesarean section at Mercy Hospital Oklahoma City. It was an otherwise joyous occasion, and Elliott's condition improved immediately.
"Her shortness of breath was gone, she could breathe and walk on her own," Dr. Strebel said.
Five days later Courtney was well enough to go home.
Within 48 hours, and during a highly infectious omicron wave of COVID-19 that saw hospitals stretched to their limits, Elliott was in an ambulance headed back to Mercy.
Her oxygen levels, which should be 92% or more, were at 45%.
Elliott was admitted to the intensive care stepdown unit. The care team tried everything possible to keep her off a ventilator. After a week, she continued to decline and was moved to the intensive care unit.
Eventually, she started to improve, and her caregivers considered a move back to the stepdown unit. Her nurse advocated to keep her in the ICU one more night, a decision that likely saved Elliott's life. That same day, her oxygen levels deteriorated rapidly, and she was intubated and hooked up to a ventilator that would breathe for her.
"Her blood pressure dropped so low, and the nurses immediately jumped in, but everything we tried to do to intervene medically wasn't working," said Dr. Maroun Tawk, a Mercy critical care physician and medical director of the intensive care unit.
Continue reading Courtney's story at mercy.net/CourtneysStory.
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SOURCE Mercy | https://www.whsv.com/prnewswire/2022/08/24/new-mom-survives-harrowing-health-scare/ | 2022-08-24T12:29:53Z |
LARCHMONT, N.Y. and CLEVELAND, Aug. 24, 2022 /PRNewswire/ -- New State Capital Partners ("New State") announced today that it has acquired AFIMAC Global Inc. ("AFIMAC" or the "Company"), a leading provider of specialty business continuity solutions, including staffing, security, and logistics, as a carve-out from its parent company Dalton First Financial Inc. Joe Schollaert will continue to serve as AFIMAC's President and Chief Executive Officer. Terms of the transaction were not disclosed.
Headquartered outside Cleveland, OH, with operations around the globe, AFIMAC has provided these solutions for over 35 years. Clients include a diverse range of Fortune 500 companies across end markets such as food and beverage, consumer, business services, and specialty manufacturing.
"Our growth has been a result of our ability to rapidly recruit, onboard, and deploy skilled labor to our blue-chip customers," said Mr. Schollaert. "In addition, the types of business disruptions we can handle for our clients—disaster and emergency response, labor shortages—are becoming more frequent today, and, as a result, the demand for our services continues to be robust. We have always been proud of our exemplary customer service, which has led to repeat business and long-tenured relationships. New State's investment in AFIMAC as a standalone business gives us the opportunity to build on our successes while developing new services and expanding into new markets."
"We are excited to add AFIMAC to our portfolio and to partner with Joe and his outstanding team," said Daniel Han, Senior Principal at New State. "As a sector, business continuity services are well-positioned for growth, and AFIMAC stands out among its peers for its long-standing reputation for quality and responsiveness."
Shaun Vasavada, Vice President of New State added, "We were impressed by AFIMAC's ability to consistently provide targeted solutions in challenging environments, and we intend to build on this strength. We look forward to growing the Company through a combination of continued share gain in existing markets and expansion into adjacent service lines both organically and through acquisitions."
The acquisition of AFIMAC marks New State's fifth deal in nine months and the fourth platform investment in New State Capital Partners Fund III, LP, which was raised and activated last year.
Morgan, Lewis & Bockius acted as legal advisors and Piper Sandler and Moelis provided financial advisory services to New State. The Gelfand Group and Carleton McKenna & Co acted as financial advisors for the Company.
For more than 35 years, AFIMAC has offered staffing, emergency response, security, risk management, and other business continuity services to image conscious companies across North America. AFIMAC prides itself on partnering with its clients to protect people and property both during times of crisis and regular business operations. With the industry's leading senior management team having unparalleled expertise in its market, these professionals offer an assortment of human capital solutions, pre-crisis contingency planning, and premium security and emergency response services to businesses representing nearly every industry. For more information visit www.afimacglobal.com.
New State Capital Partners is an entrepreneurial-minded private equity firm that strives to be nimble, decisive, and cooperative. New State prides itself on a long-term outlook, approaching each potential investment as an opportunity to create lasting and valuable relationships with company founders and especially independent sponsors. The firm has the ability to invest up to $100 million in equity per transaction and seeks to invest in market-leading companies with $8 million to $40 million of EBITDA in the areas of business services, industrials, and consumer. New State and its affiliates have invested in more than 30 companies to date. For more information visit www.newstatecp.com.
Media contact:
Lambert
Joanne Lessner, jlessner@lambert.com, 212-222-7436
or
Beth Wiegard, bwiegard@lambert.com, 954-494-8261
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SOURCE New State Capital Partners | https://www.whsv.com/prnewswire/2022/08/24/new-state-capital-acquires-afimac-global-inc-provider-specialty-business-continuity-solutions/ | 2022-08-24T12:30:00Z |
Nick Knight debuts his first NFT drop, " ikon-1," featuring UglyWorldWide,
in SHOWstudio's first step into Web3, harnessing the language of Knight's
editorials to bring style and beauty to the metaverse.
LONDON, Aug. 24, 2022 /PRNewswire/ - Nick Knight, one of the world's most celebrated fashion photographers, and founder and director of SHOWstudio, is finally bringing his long-standing digital fashion editorial process to the blockchain this fall with an innovative NFT drop. Knight is pushing the boundaries of image-making with genre-defining, photorealistic avatars in collaboration with model and Instagram star Jazzelle Zanaughtti, better known by their social media moniker @Uglyworldwide.
These collectable artworks feature digital fashion, make-up, hair, and nails by a cohort of over 40 innovators, degens, and mavericks at the forefront of fashion's digital future, personally curated by Knight and Zanaughitti. The collection features over 200 unique traits that have been produced to create 8,000 one-of-a-kind artworks styled by Zanaughtti, further allowing them authorship over their image and personal style while preparing each avatar for its editorial debut in the metaverse.
Nick Knight is one of the earliest adopters of 3D scanning, bringing subjects and fashion into the virtual realm as early as 1998, just before he launched SHOWstudio. With 3D collaborations with icons like Kanye, Bjork, and Lady Gaga, and fashion brands including Burberry and Margiela, Knight is, unsurprisingly, leading the way in bringing fashion imagery to the blockchain.
Over 40 exceptional creatives have contributed to this radical new form of fashion image-making. From digital native fashion designers such as Tribute Brand and Scarlett Yang to rising star Nusi Quero. In addition to make-up looks created by Zanaughitti, the project features collaborations with legendary hairstylist Eugene Souleiman, world-renowned nail artist Marian Newman, and long-time SHOWstudio collaborator digital artist Tom Wandrag.
Once minted, each ikon-1 will also have its own personal homepage with expanded views of your NFTs. This page will act as your gateway to SHOWstudio's future Web3 fashion programming, providing early access to upcoming projects and drops. Holding an ikon-1 is the only way to secure access to fashion's digital future.
"My aim is to make SHOWstudio into a virtual space where you can come interact in a meaningful and entertaining way. And this project is the first step towards that."
- Nick Knight
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SOURCE SHOWstudio | https://www.whsv.com/prnewswire/2022/08/24/nick-knights-showstudio-nft-collection-ikon-1-sets-standard-fashion-metaverse/ | 2022-08-24T12:30:06Z |
Dental/medical data integration holds promise for improved oral-systemic health.
Move ushers in a new era of dentist-physician relationship and underscores the importance of understanding the Mouth-Body Connection®
IRVINE, Calif., Aug. 24, 2022 /PRNewswire/ -- Pacific Dental Services® (PDS), one of the country's leading dental support organizations, announces it has fully deployed Epic, the most widely used comprehensive electronic health records system in the United States, into 100% of its supported dental practices. Currently supporting almost 900 dental practices and growing, PDS is the world's first organization of its kind to enable dental and medical data integration, which holds the promise for improved patient health.
As the single largest commitment of time, energy, and resources for any single project in the history of PDS, even as the COVID-19 pandemic gained traction in early 2020, the decision was made to proceed with deployment to its supported practices, with the first launch occurring in April of that year.
Implementing Epic into all practices supported by PDS illustrates its unwavering commitment to changing the way the dental and medical professions are connected. "Oral healthcare is a critical component of overall health, and this investment has enabled our supported clinicians and their patients to more fully participate in the promise of a seamless, comprehensive healthcare system focused on whole-body health," said Stephen E. Thorne IV, Founder and CEO of Pacific Dental Services.
In just over two years, PDS successfully converted over 9.7 million patient records from its existing practice management software to Epic, spent 16,000 hours training almost 14,000 team members and clinicians, integrated the new software with existing human resources, revenue cycle management, and financial systems, and completed deployment to over 885 individual supported practices across 25 states.
Epic holds more than 250 million patients' current electronic health records. The system is used by leading hospitals, healthcare systems and medical schools, which rely on the company's unique software to manage the patient's health journey. A number of dental schools have also begun transitioning their systems to Epic for this reason.
"Whether the patients of PDS' supported practices go to the dentist's office, a clinic, or a hospital, their providers can now review their dental history along with the rest of their medical history from one record in Epic," said Judy Faulkner, Founder and CEO of Epic. "Our collaboration with PDS supports the connection between dental and medical care, creating a more comprehensive approach to health."
Integrating a powerful health record system into a nationwide dental support organization holds the promise for improved oral-systemic care, as PDS' supported clinicians can now digitally share important health information about their patients with other healthcare professionals, closing care gaps, reducing duplication and promoting better overall health.
Other benefits of Pacific Dental Services' Epic deployment include:
- Seamless viewing and understanding of patient data, including patient visits, lab results, prescriptions, and more
- Creating more thorough treatment plans by understanding the effect oral health has on systemic conditions such as diabetes, cardiovascular disease, pregnancy, and more
- Early identification of diseases, such as diabetes, based on changes in gum and oral health, leading to stronger collaboration with medical providers and improved patient outcomes
- Helping supported dentists and their teams build trust with their patients and more fully participate in an integrated healthcare system
- Enabling patients to view their acute health, primary health, and dental health history all in one place. By accessing their own health information through Epic's MyChart patient portal, patients can also communicate with providers, schedule appointments, request prescription refills, and more.
This milestone also illustrates to patients that visiting the dentist is an important component of overall healthcare, particularly as collaboration and coordinated care between medical and dental providers becomes the norm.
As part of its effort to revolutionize healthcare and advocate for better collaboration between medical and dental professionals, one of the main challenges PDS faced was compartmentalized health data, where records are only accessible to providers on the same platform. To combat this, PDS collaborated with Epic as its vanguard partner in the dental space over four years ago to enhance and optimize Epic's dental module, Wisdom, to better support a nationwide organization.
The benefits of this momentous effort were immediately seen. Right away, PDS' supported dental professionals found integrated health records provided a better understanding of their patients' overall health, resulting in more effective treatment plans. It also helped empower their patients to take more ownership of their health, as they were able to better connect their oral health with their overall health.
This unique partnership furthers PDS's goal to educate others on the link between their oral health and overall health – what PDS and its supported practices call The Mouth-Body Connection®. Research shows that harmful bacteria and inflammation in the mouth can indicate and even cause systemic conditions throughout the body. Periodontal disease has been connected to systemic health conditions such as cardiovascular disease, diabetes, dementia, Alzheimer's disease, pre-term/low-weight births, cancer and more. Conversely, the link is often bi-directional. Many systemic diseases, conditions and even medications can affect a patient's oral health.
"We have long promoted the Mouth-Body Connection® as an essential understanding of systemic patient care. By enhancing the collaboration between dental and medical professionals, the integration of Epic into all of our practices puts our central philosophy into motion," said Thorne. "We pride ourselves in investing in the best tools, systems and advanced, proven technology available, and partnering with a world-class operation like Epic underscores our commitment to whole-body health."
About Pacific Dental Services
Founded in 1994, Pacific Dental Services® (PDS) is one of the country's leading dental support organizations, providing supported autonomy that enables dentists to concentrate on clinical excellence and the highest levels of cost-effective comprehensive patient care. PDS originated the Private Practice+® model to enable dentists to focus on their passion: serving patients. PDS also pioneered the concept of Modern Dentistry so that dentists are equipped to combine advances in the latest technology with the best operational practices and procedures, highly skilled support staff and a commitment to ongoing training and education. PDS continues to grow, with more than 885 supported dental offices across the United States. PDS has been on the Inc. 5000 list of the fastest growing private companies in America 14 times. PDS-supported dentists aim to be the provider of choice in all the markets they serve and to develop Patients for Life™. For more information, visit us at pacificdentalservices.com or follow us on Facebook: @pacificdentalservices, Instagram: @pacific.dental, LinkedIn: @pacific-dental-services, Twitter: @pacificdental, and YouTube: @pacificdentaltv.
Epic, Wisdom, and MyChart are registered trademarks of Epic Systems Corporation.
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SOURCE Pacific Dental Services | https://www.whsv.com/prnewswire/2022/08/24/pacific-dental-services-becomes-worlds-first-dental-support-organization-integrate-epics-comprehensive-health-records-system-into-all-supported-dental-practices/ | 2022-08-24T12:30:13Z |
AUSTIN, Texas, Aug. 24, 2022 /PRNewswire/ -- Peak Rock Capital ("Peak Rock"), a leading middle-market private equity firm, is pleased to announce a number of promotions and new hires this summer, as the firm continues to expand the depth and experience of its Private Equity, Credit and Real Estate teams.
Meredith Jonker, Carrie Pisarczyk, and Reed Westerman have been promoted to Vice President, and will continue to play critical roles with their portfolio company relationships. Joe Garigliano and David Wolfish have been promoted to Principal within the Private Equity group. In their roles, Mr. Garigliano and Mr. Wolfish have successfully partnered with portfolio companies on value creation initiatives across the investment portfolio. Constantine Tujios has been promoted to Managing Director within the Real Estate group. Mr. Tujios has been involved in all aspects of the real estate investment process including sourcing, diligence and execution. Mr. Tujios has over 15 years of real estate experience investing in a broad variety of property and transaction types.
Kim Rose, John Scata, and Patricio (PJ) Torres have all joined the team as Directors. Kim's prior experience includes senior roles at JP Morgan Chase and Kendra Scott. John comes to Peak Rock with experience at MUFG Bank, as well as a 23-year career at the FBI. PJ's prior experience includes roles at Sixth Street Partners and PwC.
"I am incredibly proud of the organization we continue to build at Peak Rock. Our high-performance team has been a critical component of the success we have had to date." said Anthony DiSimone, Chief Executive Officer of Peak Rock. "We have a deep bench of exceptional and diverse talent, which will help us achieve our continued success," added Steve Martinez, President of Peak Rock.
ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock's equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock's credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock's real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.
Media Contact:
Daniel Yunger
Kekst CNC
(212) 521-4800
daniel.yunger@kekstcnc.com
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SOURCE Peak Rock Capital | https://www.whsv.com/prnewswire/2022/08/24/peak-rock-capital-continues-team-expansion-promotes-new-managing-director-principals-vice-presidents/ | 2022-08-24T12:30:20Z |
Legendary skier, Red Bull Mountain athlete and US Ski & Snowboard Hall of Fame Member joins the executive team of Montana-based ski company
BOZEMAN, Mont., Aug. 24, 2022 /PRNewswire/ -- Peak Ski Company announced today that Chris Davenport has joined the company's executive leadership team as senior director of skiing and product innovation. Earlier this year, Peak Ski Company cofounders, Bode Miller and Andy Wirth launched the company and its 2022/23 lineup of high-performance Peak by Bode Miller alpine skis.
"Intense innovation and performance are at the very core of Peak's ethos. While Chris is a venerated and legendary mountain athlete, he has always been held in high regard for his drive and focus on innovation and performance," said Andy Wirth, cofounder and chief executive officer of Peak Ski Company. "For these and many other reasons, he'll be a welcomed member of Peak's high-performance leadership team."
Davenport will report directly to Wirth, participating in the development and execution of the company's strategic plans with an emphasis on advancing the Peak SC by Bode Miller line of skis and a new line of high-performance backcountry skis. Chris will work closely with Darrin Haugen, Peak's recently hired vice president of innovation, design & production, Marc Peruzzi, the company's vice president of product & content and Bode Miller the company's cofounder and chief innovation officer.
"From the high-performance line of skis to the brand and the team, what Andy and Bode have developed at Peak Ski Company is really inspiring -- I'm thrilled to be a member of Peak's leadership team," said Chris Davenport. "Central to coming on board was my gaining a comprehensive understanding of their long-term strategy and importantly, the ethos of the company. With that knowledge, I'm looking forward to helping to advance the company on all fronts. I spent the past few weeks on the 22/23 line of Peak skis and can say that all that's been written and said of these skis is true -- these skis are truly innovative, and they rip."
"I've known Chris for quite some time and I, like everyone in the skiing world, have always held him in high regard as a skier, an athlete and truly, a thought leader in the industry," said Bode Miller, cofounder and chief innovation officer. "He maintains the same intensity and focus on innovation that Andy and I have and is at the very core of our ethos and company. I look forward to working with him on product development and design and of course, to spending more time on the mountain with him."
Davenport, a celebrated two-time World Champion big mountain skier and member of the USA Ski and Snowboard Hall of Fame, has achieved multiple first descents on peaks around the world and is a ski guide with more than 20 years of experience. He has skied and led trips on all seven continents and many of the world's highest peaks, including Denali and Mt. Everest. The first person to ski all 54 of Colorado's 14,000-foot peaks in less than a year, Davenport has also been featured in over 30 ski films by Warren Miller and Matchstick Productions and has served as a commentator for ESPN, ABC Sports and Outside Television, including as an Olympic and World Cup ski racing announcer. He has also worked for ski brands including Salomon and Kastle Skis, playing a critical role in product development, sales and marketing. In addition to his remarkable success as a mountain athlete, Chris Davenport has served as an integral member of the SCARPA product development team for many years. Recently SCARPA announced that Bode Miller joined Chris as part of their new high-performance SCARPA 4-Quattro boot.
The company will host the Peak Ski Company Bravery BBQ on September 15 in conjunction with the opening of its new showroom, which is adjacent to the company's headquarters in Bozeman, Montana. This community festival is a benefit for Big Sky Bravery, a respected nonprofit organization that provides ongoing programming in support of active-duty special warfare operators serving within the Joint Special Operations Command. The event is open to the public and will provide a great opportunity for attendees to meet Bode Miller and Chris Davenport.
Learn more about Peak Ski Company at peakskis.com and watch the video about why Davenport is joining the company's leadership team on the Peak Skis YouTube Channel.
Proudly born of the mountains of Southwestern Montana and from the vision of its co-founders, Andy Wirth and Bode Miller, the Peak Ski Company is rooted in innovation. On April 6th, Andy Wirth and Bode Miller announced the new venture, Peak Ski Company, LLC, a direct-to-consumer, high-performance ski and brand platform that is leading with a line of six all mountain and side-country skis for the 2022/23 ski season. The lineup of Peak's high-performance all mountain skis for 2022/2023 includes four models, with each model delineated by the measurement (in millimeters) underfoot: The Peak 88; Peak 98; Peak 104, and Peak 110. Developed and tested in the Montana backcountry, the company has also developed a line of high-performance "sidecountry" skis, Peak SC by Bode Miller, including Peak 98SCs 98's and Peak 104SCs. While Peak is the first, at-scale, direct-to-consumer ski company in the United States, the entire company and its affiliate partners are focused on developing advanced materials, manufacturing processes and equipment and integrating technologies into skis with an intense cadence and a focus on performance. Peak's 2022/23 line of skis have already been declared among the best skis available in the market, based on the ingenuity and experience of the product design and development team led by legendary alpine ski racer, Bode Miller. Learn more at www.peakskis.com.
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SOURCE Peak Ski Company | https://www.whsv.com/prnewswire/2022/08/24/peak-ski-company-welcomes-chris-davenport-leadership-team/ | 2022-08-24T12:30:26Z |
- Comparable sales grew 3.8 percent year over year and 23.5 percent on a two-year basis, resulting in fifteenth consecutive quarter of comparable sales growth
- Net revenue of $1.48 billion increased 3.2 percent year over year
- Delivered net income of $13.5 million and Adjusted EBITDA1 of $142.0 million
- Earnings per share of $0.05, a decline of $0.23 from prior year; Adjusted Earnings Per Share1 of $0.19, a decline of $0.06 from prior year
- Updates full year guidance, with net revenue of $5.975 billion to $6.05 billion; Adjusted EBITDA1 of $580.0 million to $595.0 million and Adjusted Earnings Per Share1 between $0.77 and $0.81
SAN DIEGO, Aug. 24, 2022 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, today announced its second quarter 2022 financial results.
In the second quarter of 2022, Petco delivered net revenue of $1.48 billion, up 3.2 percent versus prior year. Net income was $13.5 million or $0.05 per share compared to $75.1 million or $0.28 per share in the prior year. Adjusted Net Income1 was $49.7 million or $0.19 per share, compared to $67.5 million or $0.25 per share in the prior year.
"Q2 marks our 15th consecutive growth quarter, demonstrating that Petco's business and customers continue to grow, driven by the strength of our unique end-to-end health and wellness pet ecosystem," said Petco CEO Ron Coughlin. "Despite economic volatility, the pet category remains resilient and our 29,000 Petco Partners remain focused on improving the lives of countless pets and pet parents, working together and tangibly executing against our strategic priorities - including further expansion of our vet network and capabilities, continued mix shift towards premium products, the addition of over a hundred experiential fresh and frozen pantries in Pet Care Centers, and double-digit growth in recurring and loyalty customers."
Fiscal Q2 2022 Operating Results:
Comparisons are second quarter of 2022 ended July 30, 2022 versus second quarter of 2021 ended July 31, 2021 unless otherwise noted
Second quarter results reflect continued business and customer growth, and operational execution, while delivering on the promise of purpose driven performance.
- Net revenue increased 3.2 percent to $1.48 billion driven by comparable sales growth of 3.8 percent
- Net income decreased $61.7 million to $13.5 million or $0.05 per share, which was primarily impacted by a $55.4 million non-cash change in the fair value of one of the company's investments and $10.9 million of integration-related costs incurred related to the buyout of the company's veterinary joint venture, Thrive
- Adjusted Net Income1 decreased $17.8 million to $49.7 million or $0.19 per share
- Adjusted EBITDA1 decreased $13.1 million to $142.0 million
Fiscal 2022 Guidance:
Petco has updated its full year 2022 financial guidance.
For the full year, Petco now expects net revenue of $5.975 billion to $6.05 billion, with Adjusted EBITDA1 of $580.0 million to $595.0 million. It expects between $250 million and $275 million of capital expenditures, and Adjusted Earnings Per Share1 between $0.77 and $0.81. Full details can be found in the schedules below.
Earnings Conference Call Webcast Information:
Management will host an earnings conference call on August 24, 2022 at 8:30 AM Eastern Time to discuss the company's financial results. The conference call will be accessible through live webcast. Interested investors and other individuals can access the webcast, earnings release, earnings presentation, and infographic via the company's investor relations page at ir.petco.com. A replay of the webcast will be archived on the company's investor relations page through September 7, 2022 at approximately 5:00 PM Eastern Time.
About Petco, The Health + Wellness Co.:
Founded in 1965, Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and our own Petco partners. We've consistently set new standards in pet care while delivering comprehensive pet wellness products, services and solutions, and creating communities that deepen the pet-pet parent bond. We operate more than 1,500 pet care centers across the U.S., Mexico and Puerto Rico, which offer merchandise, companion animals, grooming, training and a growing network of on-site veterinary hospitals and mobile veterinary clinics. Our complete pet health and wellness ecosystem is accessible through our pet care centers and digitally at petco.com and on the Petco app. In tandem with Petco Love (formerly the Petco Foundation), an independent nonprofit organization, we work with and support thousands of local animal welfare groups across the country and, through in-store adoption events, we've helped find homes for more than 6.6 million animals.
Forward-Looking Statements:
This earnings release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, concerning expectations, beliefs plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are not statements of historical fact, including statements regarding our fiscal year 2022 guidance. Such forward-looking statements can generally be identified by the use of forward-looking terms such as "believes," "expects," "may," "intends," "will," "shall," "should," "anticipates," "opportunity," "illustrative", or the negative thereof or other variations thereon or comparable terminology. Although Petco believes that the expectations and assumptions reflected in these statements are reasonable, there can be no assurance that these expectations will prove to be correct or that any forward-looking results will occur or be realized. Nothing contained in this earnings release is, or should be relied upon as, a promise or representation or warranty as to any future matter, including any matter in respect of the operations or business or financial condition of Petco. All forward-looking statements are based on expectations and assumptions about future events that may or may not be correct or necessarily take place and that are by their nature subject to significant uncertainties and contingencies, many of which are outside the control of Petco. Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from the potential results or events discussed in the forward-looking statements, including, without limitation, those identified in this earnings release as well as the following: (i) increased competition (including from multi-channel retailers and e-Commerce providers); (ii) reduced consumer demand for our products and/or services; (iii) our reliance on key vendors; (iv) our ability to attract and retain qualified employees; (v) risks arising from statutory, regulatory and/or legal developments; (vi) macroeconomic pressures in the markets in which we operate including inflation; (vii) failure to effectively manage our costs; (viii) our reliance on our information technology systems; (ix) our ability to prevent or effectively respond to a privacy or security breach; (x) our ability to effectively manage or integrate strategic ventures, alliances or acquisitions and realize the anticipated benefits of such transactions; (xi) economic or regulatory developments that might affect our ability to provide attractive promotional financing; (xii) business interruptions and other supply chain issues; (xiii) catastrophic events, political tensions, conflicts and wars (such as the ongoing conflict in Ukraine), health crises, and pandemics, including the potential effects that the ongoing COVID-19 pandemic and/or corresponding macroeconomic uncertainty could have on our financial position, results of operations and cash flows; (xiv) our ability to maintain positive brand perception and recognition; (xv) product safety and quality concerns; (xvi) changes to labor or employment laws or regulations; (xvii) our ability to effectively manage our real estate portfolio; (xviii) constraints in the capital markets or our vendor credit terms; (xix) changes in our credit ratings; and (xx) the other risks, uncertainties and other factors identified under "Risk Factors" and elsewhere in Petco's Securities and Exchange Commission filings. The occurrence of any such factors could significantly alter the results set forth in these statements.
Petco cautions that the foregoing list of risks, uncertainties and other factors is not complete, and forward-looking statements speak only as of the date they are made. Petco undertakes no duty to update publicly any such forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.
NON-GAAP FINANCIAL MEASURES
The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this earnings release to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The company has provided this non-GAAP financial information, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in this earnings release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in this earnings release. The non-GAAP financial measures in this earnings release may differ from similarly titled measures used by other companies.
Adjusted EBITDA and Trailing Twelve Month Adjusted EBITDA
Adjusted EBITDA, including Trailing Twelve Month Adjusted EBITDA, is considered a non-GAAP financial measure under the Securities and Exchange Commission's (SEC) rules because it excludes certain amounts included in net income calculated in accordance with GAAP. Management believes that Adjusted EBITDA is a meaningful measure to share with investors because it facilitates comparison of the current period performance with that of the comparable prior period. In addition, Adjusted EBITDA affords investors a view of what management considers to be Petco's core operating performance as well as the ability to make a more informed assessment of such operating performance as compared with that of the prior period.
Please see the company's Annual Report on Form 10-K for the fiscal year ended January 29, 2022 filed with the SEC on March 24, 2022 for additional information on Adjusted EBITDA. The tables below reflect the calculation of Adjusted EBITDA for the thirteen weeks and trailing twelve months ended July 30, 2022 compared to the thirteen weeks and trailing twelve months ended July 31, 2021, respectively, as well as the twelve-month period ended January 29, 2022.
Adjusted Net Income and Adjusted EPS
Adjusted Net Income and Adjusted diluted earnings per share attributable to Petco common stockholders (Adjusted EPS) are considered non-GAAP financial measures under the SEC's rules because they exclude certain amounts included in the net income attributable to Petco common stockholders and diluted earnings per share attributable to Petco common stockholders calculated in accordance with GAAP. Management believes that Adjusted Net Income and Adjusted EPS are meaningful measures to share with investors because they facilitate comparison of the current period performance with that of the comparable prior period. In addition, Adjusted Net Income and Adjusted EPS afford investors a view of what management considers to be Petco's core earnings performance as well as the ability to make a more informed assessment of such earnings performance with that of the prior period.
The tables below reflect the calculation of Adjusted Net Income and Adjusted EPS for the thirteen weeks ended July 30, 2022 compared to the thirteen weeks ended July 31, 2021.
Fiscal 2022 Guidance
Assumptions in the previously stated guidance include that economic conditions, currency rates and the tax and regulatory landscape remain generally consistent. Adjusted EPS guidance assumes approximately $90 million of interest expense, a 26 percent tax rate and a 267 million weighted average diluted share count. Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures and have not been reconciled to the most comparable GAAP outlook because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management's control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide outlook for the comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA and Adjusted EPS are made in a manner consistent with the relevant definitions and assumptions noted herein.
Adjusted EBITDA, Adjusted Net Income and Adjusted EPS Footnotes
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SOURCE Petco - Investor Relations | https://www.whsv.com/prnewswire/2022/08/24/petco-health-wellness-company-inc-reports-second-quarter-earnings/ | 2022-08-24T12:30:32Z |
The Leading Wellness Company Expands into the World's Top Online Retailer
AUSTIN, Texas, Aug. 24, 2022 /PRNewswire/ -- RESET Bioscience, a science-backed wellness company focused on providing premium ingredients powered by plant-based delivery technologies, continues digital expansion with the world's largest online retailer, Amazon.
The Amazon launch spotlights RESET's premium, on-the-go 2oz Wellness Shots for single-serve, fast-absorbing supplements complete with the convenience of Amazon Prime delivery. RESET Wellness Shots cater to those looking for a simple way to boost Immunity, Energy, Brain Health, Hydration, or Beauty free of chemicals, artificial sweeteners, colors, gluten, soy, and dairy. RESET's flagship, plant-based technology supplements everyday building block ingredients like phosphatidylcholine, MCT, and Vitamin E with each shot offering an array of essential vitamins and trending ingredients.
By innovating efficacious doses into a few sips; Immunity makes an excellent airplane companion, Energy offers a caffeine-free alternative to morning coffee, Brain Health boosts cognitive function plus long-term support, Hydration replaces sugary drinks and powders, and Beauty allows you to glow from within via marine collagen peptides and hyaluronic acid. For a taste of the whole offering, opt for a 15-count Variety Pack in a convenient built-in display, or an affordable 5-count sample pack. Individual shots are sold in 15-count displays for daily dosing of clean, targeted wellness.
"RESET is committed to bringing simpler, better, functional wellness to people in the most accessible ways," says Ashley Ferguson, President of RESET. "With travel and social activities back in full swing, making our 2 oz wellness shots readily available on Amazon ahead of the 2022 holiday season was a crucial step in developing that accessibility. Whether you're a biohacker or just trying to live a healthier lifestyle, supplement decisions can be hard. To make it easier, we are excited to bring our revolutionary products to a whole new sector of consumers–from digital fingertips to front doors."
This Labor Day you can shop RESET's Wellness Shots on Amazon for 25% off September 2-6. Shoppers will also find Labor Day savings at Showfields Miami, Showfields.com, and RESETBioscience.com. For added accessibility, and as part of an omnichannel commitment, wholesale buyers can find savings at Pod Foods, Snack Magic, and Faire.
About RESET:
RESET Bioscience products, featuring Powered by Santé® Delivery Technology, empower you to RESET your wellness ritual with efficacious solutions to support you from morning until night. Designed for maximum bioavailability of premium ingredients and uniquely water-based, like your body, RESET products are expertly formulated by Ph.D. scientists to be active where you need it so you can actually absorb it. Their line of wellness products are inspired by nature and backed by science, formulated and tested to pharmaceutical standards with proven shelf stability for 12+ months. RESET is currently available to purchase at select retailers and nationwide at RESETBioscience.com and Amazon.
For press inquiries or more information regarding RESET, please contact
Chelsea Salter
chelsea.salter@resetbioscience.com
RESETbioscience.com | @RESETbioscience
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SOURCE Reset Bioscience | https://www.whsv.com/prnewswire/2022/08/24/reset-bioscience-debuts-wellness-shot-lineup-amazon-with-labor-day-savings/ | 2022-08-24T12:30:39Z |
BENTONVILLE, Ark., Aug. 24, 2022 /PRNewswire/ -- Today, Heartland Forward released its latest report, Scrolling for Jobs: A Look at Online Activity in Regional Labor Markets. Authored by Senior Economist Julie Trivitt, the report analyzes occupational and geographic patterns in job search activities alongside state-level data to determine which features of state labor markets are most closely associated with the measures of online job search activity.
"The patterns and characteristics identified in the data can help business leaders and policymakers more accurately assess their labor markets and make decisions likely to foster economic growth," Trivitt said. "By analyzing the supply and demand of workers and jobs during the peak of the pandemic recession, we are able to provide insight into what policies may contribute to vibrant online labor markets."
Findings:
- Occupation matters more than location when predicting online job activity in a particular region: For example, accountants in any region post resumes in similar numbers, whether in Mississippi or Montana. Likewise, teachers in Texas and North Dakota behave similarly. The differences in rates at which job ads and resumes are posted online across occupations provides some clues about how well regional labor markets are working and which occupations may benefit from additional tools to facilitate job searches.
- Online postings of resumes and job ads vary by location. After adjusting for the region's occupations and their online job search patterns, metro areas generally have more online job search activity than non-metro areas, but the difference is greater for resume postings than job ads. The differences in the rates at which job ads and resumes are posted provides insights into where labor markets may be out of balance – in other words, where they have more people looking for new opportunities than job openings.
- Internet access influences how much online job search activity takes place in a given area. States with more internet infrastructure have higher rates of online job ads, but interestingly, more resume posts show up in states where more people face challenges accessing high speed internet at home.
- Public health issues and policies during the pandemic also shaped online job search activities. For example, states where cities, employers, schools and other local institutions were free to determine the mask or vaccine policies for themselves had higher rates of job ads posted.
CONTACT: Blake Woolsey, (479) 957-6301, bwoolsey@heartlandforward.org
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SOURCE Heartland Forward | https://www.whsv.com/prnewswire/2022/08/24/review-online-job-seeking-searching-trends-reveals-opportunities-challenges-workers-employers/ | 2022-08-24T12:30:46Z |
STOCKHOLM, Aug. 24, 2022 /PRNewswire/ -- Following the acquisition of STANLEY Security, that was completed and consolidated into Securitas as of July 22, 2022, the Group has defined new financial targets of 8-10 percent technology & solutions annual average real sales growth, 8 percent Group operating margin by year-end 2025 and a net debt to EBITDA ratio below 3.0x. Securitas will present the strategy and roadmap for the new targets, as well as a trading update for STANLEY Security, at an investor update today at 2.00 p.m. CEST.
Bringing together Securitas and STANLEY Security is an industry-defining event. We will have an outstanding position to serve complex security needs for our clients and by joining forces we are creating a strong global tech platform that will future proof the business for next-generation security solutions. We are now embarking on a truly exciting journey as one company, together geared for high value growth in the coming years.
The new financial targets are aligned with the strategy to be a security solutions partner with world-leading technology and expertise, strongly positioned to deliver superior growth and increased margins:
- 8-10 percent technology & solutions annual average real sales growth
- 8 percent Group operating margin by year-end 2025, with a >10 percent long-term operating margin ambition
- A net debt to EBITDA ratio below 3.0x
The new margin target replaces the previous target of an average increase in earnings per share of 10 percent and the margin targets in the respective business segments related to the business transformation programs in the Group.
The existing operating cash flow target of 70-80 percent of operating income before amortization remains the same, and the new capital structure target of a net debt to EBITDA ratio of below 3.0x replaces the previous net debt to EBITDA ratio of on average 2.5x, and is estimated to be achieved in 2024.
The dividend policy is unchanged, remaining in a range of 50-60 percent of annual net income over time.
The strategic transformation ambition – to double the security solutions and electronic security sales by 2023, compared to 2018, is discontinued as the ambition was fulfilled by the acquisition of STANLEY Security.
The integration of STANLEY Security is proceeding well and according to plan. In 2021, STANLEY Security had an installation backlog growth of 33 percent. Adjusted sales were approximately MUSD 1 650 with organic sales growth of 7 percent during the year, and the adjusted EBITDA margin was 11 percent.
For the first six months of 2022, STANLEY Security had a record installation backlog, with growth of 18 percent compared to the same period last year. Adjusted sales were approximately MUSD 805 with organic sales growth of 3 percent. The adjusted EBITDA margin4 was 9 percent, temporarily impacted by the corona pandemic, supply chain issues, inflationary cost increases and obsolete pricing processes. The profitability improved in the second quarter 2022 compared to the first quarter 2022 with continued positive trend. Pricing, efficiency and cost actions have been implemented, and together with solid commercial momentum and accelerated value creation execution, profitability will improve going forward.
Welcome to our investor update, today August 24 at 2.00 p.m. to approximately 4.00 p.m. (CEST). Please see details below:
1.00 p.m. Presentation slides available
2.00 p.m. Presentation followed by a Q&A session
To follow the live web cast of the investor update and the telephone conference via the web, please follow the link www.securitas.com/webcasts
Questions for the management can be placed by phone or through the webcast question form. To ask questions by phone, access to the teleconference register by clicking on the link To the teleconference
After the registration to the teleconference, you will be provided phone numbers and a conference ID to access the conference. If you wish to ask a question, please dial *5 on your telephone keypad to enter the queue.
If you register in beforehand, please note the telephone number and conference ID. Otherwise you need to register again.
A recorded version of the web cast will be available on the same web page after the telephone conference. We value your privacy and want to be transparent with you on the way that we collect and use your personal data when you participate in the telephone conference. Please follow this link to read our privacy policy for telephone conferences/web casts in relation to publication of interim reports and investor presentations: www.securitas.com/privacy-policy-audiocasts.
Further information:
Micaela Sjökvist, Vice President, Investor Relations; +46 76 116 7443, micaela.sjokvist@securitas.com
Media: Helena Andreas, SVP, Communications & People; +46 (0)10 470 30 20; press@securitas.com
This is information that Securitas AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 1.00 p.m. (CEST) on August 24, 2022.
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SOURCE Securitas | https://www.whsv.com/prnewswire/2022/08/24/securitas-announces-new-financial-targets-stanley-security-update/ | 2022-08-24T12:30:52Z |
SLS-004 Utilizes CRISPR-dCas9 to Target the SNCA Gene Responsible for the Expression of Alpha-Synuclein
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Seelos Therapeutics, Inc. (Nasdaq: SEEL), a clinical-stage biopharmaceutical company focused on the development of therapies for central nervous system disorders and rare diseases, today announced it was selected to receive a grant from The Michael J. Fox Foundation for Parkinson's Research to advance preclinical research and development of its gene therapy delivered SLS-004 program.
"The selection of SLS-004 to receive grant funding from The Michael J. Fox Foundation is a strong validation of our program and should significantly raise the profile of our program," said Raj Mehra, Ph.D., Chairman and CEO of Seelos. "We look forward to sharing additional data from our ongoing preclinical studies later this year."
Parkinson's disease (PD) is the second most common neurodegenerative disorder in the world and currently, there is no effective treatment to prevent PD or to halt its progression. The SNCA gene has been implicated as a highly significant genetic risk factor for PD. In addition, accumulating evidence has suggested that elevated levels of alpha-synuclein (α-synuclein) are causative in the pathogenesis of PD. Patients with impaired regulation of the SNCA gene show as high as 200% expression of α-synuclein protein. A reduction of 25%-50% in SNCA mRNA and protein expression should be sufficient to restore normal physiological levels of SNCA.
In July 2021, Seelos announced positive in vivo data demonstrating down-regulation of SNCA mRNA and protein expression from a study of SLS-004 in an in-vivo rodent model utilizing CRISPR-dCas9 gene therapy technology. A single dose of SLS-004 produced a therapeutically desirable 27% reduction in SNCA mRNA and a 40% reduction in SNCA protein expression.
Additionally in June 2022, Seelos released data demonstrating a statistically significant (p<0.01) 19% downregulation of mRNA and a ~40% reduction of α-synuclein in an in vitro study of SLS-004 in dementia with Lewy bodies (DLB).
About The Michael J. Fox Foundation
As the world's largest nonprofit funder of Parkinson's research, The Michael J. Fox Foundation is dedicated to accelerating a cure for Parkinson's disease and improved therapies for those living with the condition today. The Foundation pursues its goals through an aggressively funded, highly targeted research program coupled with active global engagement of scientists, Parkinson's patients, business leaders, clinical trial participants, donors and volunteers. In addition to funding $1.5 billion in research to date, the Foundation has fundamentally altered the trajectory of progress toward a cure. Operating at the hub of worldwide Parkinson's research, the Foundation forges groundbreaking collaborations with industry leaders, academic scientists and government research funders; creates a robust open-access data set and biosample library to speed scientific breakthroughs and treatment with its landmark clinical study, The Parkinson's Progression Markers Initiative (PPMI); increases the flow of participants into Parkinson's disease clinical trials with its online tool, Fox Trial Finder; promotes Parkinson's awareness through high-profile advocacy, events and outreach; and coordinates the grassroots involvement of thousands of Team Fox members around the world. For more information, visit us at www.michaeljfox.org, Facebook, Twitter, LinkedIn.
About SLS-004
SLS-004 is a novel epigenome-editing approach to modulate expression of SNCA gene mediated by modification of DNA-methylation. SLS-004 utilizes an all-in-one lentiviral vector harboring dCas9-DNA methyltransferase 3A (DNMT3A) to enrich DNA-methylation within CpGs island at the SNCA intron 1 region. The system resulted in a precise and fine-tuned downregulation (30%) of SNCA overexpression in hiPSC-derived dopaminergic neurons from a PD patient with the triplication of the SNCA locus (SNCA-Tri). Most importantly, the reduction of SNCA expression mediated by the developed system was sufficient to ameliorate disease related cellular phenotypes. The in vitro studies achieved several key milestones, including the establishment that DNA hypermethylation at SNCA intron 1 allows an effective and sufficient tight downregulation of SNCA expression levels and suggests the potential of this target sequence combined with the CRISPR-dCas9 technology as a novel epigenetic-based therapeutic approach for PD.
Forward Looking Statements
Statements made in this press release, which are not historical in nature, constitute forward-looking statements for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These statements include, among others, those regarding the potential for the grant funding to significantly raise the profile of the SLS-004 program, the Company's expectations to share additional data from its ongoing preclinical studies of SLS-004 later this year, the safety and efficacy of SLS-004 and its ability to downregulate or reduce SNCA mRNA and SNCA protein expression. These statements are based on Seelos' current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Risks associated with Seelos' business include, but are not limited to, the risk of not successfully executing its preclinical and clinical studies and not gaining marketing approvals for its product candidates, the risk that prior clinical results may not be replicated in future studies and trials (including the risk that the results from the preclinical study of SLS-004 are not replicated or are materially different from the results of future studies and trials), the risks that clinical study results may not meet any or all endpoints of a clinical study and that any data generated from such studies may not support a regulatory submission or approval, the risks associated with the implementation of Seelos' business strategy, the risks related to raising capital to fund its development plans and ongoing operations, risks related to Seelos' current stock price, risks related to the global impact of COVID-19, as well as other factors expressed in Seelos' periodic filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Contact Information:
Anthony Marciano
Chief Communications Officer
Seelos Therapeutics, Inc. (Nasdaq: SEEL)
300 Park Avenue
New York, NY 10022
(646) 293-2136
anthony.marciano@seelostx.com
https://seelostherapeutics.com/
https://twitter.com/seelostx
https://www.linkedin.com/company/seelos
Mike Moyer
Managing Director
LifeSci Advisors, LLC
250 West 55th St., Suite 3401
New York, NY 10019
(617) 308-4306
mmoyer@lifesciadvisors.com
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SOURCE Seelos Therapeutics, Inc. | https://www.whsv.com/prnewswire/2022/08/24/seelos-therapeutics-receives-research-development-grant-michael-j-fox-foundation-parkinsons-research-sls-004/ | 2022-08-24T12:30:59Z |
Providing access to RNs, LPNs, CNAs, Physical Therapists, and Home Health Providers, ShiftMed's platform now has the largest base of providers delivered through on-demand technology
MCLEAN, Va., Aug. 24, 2022 /PRNewswire/ -- ShiftMed, the first on-demand workforce platform delivering scalable, cost-efficient, and sustainable labor to in-home, acute, and post-acute care providers, is proud to announce that its network of credentialed healthcare professionals has surpassed 100,000. Available in more than 110 markets across the United States, ShiftMed is uniquely positioned to provide scalable labor solutions, reduce labor costs and help simplify the industry's workforce model.
ShiftMed's diverse nationwide network of healthcare professionals is not only the largest and highest-skilled in the industry, but it's also the first to connect healthcare facilities with workers across all certifications, from registered nurses to those with home health credentials. Having the largest supply of workers helps ShiftMed drive quality and deliver the highest fill rates, show rates and return rates in the industry.
"Delivering care on-demand is a huge task that only a scalable technology platform can tackle. The key to the growth of our supply has been decreasing the time to onboard and credential workers combined with popular features like Guaranteed Shifts®," said Todd Walrath, CEO of ShiftMed. "With over 100,000 caregivers and counting, ShiftMed has grown to be the #1 nursing jobs app in the market. Caregivers are searching for more flexibility and control over their schedules. Now ShiftMed allows them to work in acute hospitals, post-acute facilities and in the home."
The pandemic exacerbated the nurse shortage which is expected to increase by 50% from 2.2m to 3.3m additional required nurses by 2026 according to the Bureau of Labor Statistics (BLS). ShiftMed's technology keeps nurses working by helping them maintain credentials and offers them the most diverse shift selection.
Providers get to choose from skilled professionals to meet any staffing need, whether it be on a per diem, short-term, or permanent basis, without the burden of any contractual minimums. ShiftMed is currently meeting the needs of over 1,500 healthcare providers across 110 markets and is growing its footprint daily. By the end of 2022, ShiftMed will be offered in more than 200 cities.
About ShiftMed
ShiftMed is a next-generation workforce management platform that connects hospitals, assisted living providers, skilled nursing facilities and in-home providers to the highest quantity and quality of licensed nurses (CNAs, LPNs RNs, PTs and Community Health Workers). As the #1 nursing jobs mobile app in the App Store, ShiftMed serves more than 1,500 enterprise health care partners across the country by offering software tools and direct access to labor for shift scheduling. The ShiftMed on-demand platform dramatically streamlines the delivery of care services and enables health care providers access to compliant, credentialed workers to fulfill their staffing needs faster than any other solution. For more information, visit http://www.ShiftMed.com.
Contact:
Kyle Kappmeier
shiftmed@jconnelly.com
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SOURCE ShiftMed | https://www.whsv.com/prnewswire/2022/08/24/shiftmeds-nationwide-network-healthcare-professionals-grows-more-than-100000/ | 2022-08-24T12:31:05Z |
Dog owners nationwide will have the ability to post their furry friends on digital billboards in support of the Humane Society of the United States
LAS VEGAS, Aug. 24, 2022 /PRNewswire/ -- Shoutable, the world's largest self-service platform for everyday consumers to post content to digital billboards, is working with The Humane Society of the United States and Wag!, on Friday, August 26th for National Dog Day. Their goal is to celebrate the human-animal bond and join the fight to end all animal suffering for National Dog Day. National Dog Day brings awareness to the number of dogs that need to be rescued every year and honors family dogs and dogs that work selflessly to save lives, keep humans safe and bring comfort.
For the first time ever, Shoutable invites dog owners around the U.S. to pay tribute to their beloved canine by providing space on a digital billboard for just forty-five dollars. Bookings can be made at www.shoutable.me. The easy-to-use e-commerce platform has dozens of Dog Day templates in English and Spanish that can be personalized with a photo of the dog as well as custom text. Consumers can choose a specific billboard location and timeslot to view their furry friend on a 48-foot-wide billboard. Shoutable also provides mockup images of the actual digital billboard with their personal dog content that can be easily posted to social media.
"Shoutable is proud to work with Wag! to bring a great deal of attention to the adoption services provided by local animal shelters and the rescue and advocacy work of the Humane Society of the United States. The power of billboards brings immense creativity, joy, and pride to so many people. Seeing your furry friends on a digital billboard is heartwarming and we invite dog owners across the U.S. to share and spread that feeling across their social media channels," says founder and CEO of Shoutable, Jonathan Gudai.
"The Humane Society of the United States welcomes Shoutable's support of the fight against animal cruelty. We appreciate the opportunity to drive more awareness of our critical work," said Jamie Natelson, Senior Vice President, Marketing. "Shoutable's contribution of billboard messaging space will help us promote key campaigns to inform animal lovers about how they can help and get more people involved in bringing an end to animal cruelty."
The Humane Society of the United States is the nation's most effective animal protection organization. Since 1954, the organization has been fighting for the protection of all animals through legislation, litigation, investigations, education, science, advocacy, and field work, aiming to prevent cruelty before it occurs. The HSUS also rescues and cares for thousands of animals each year.
Wag! strives to be the #1 app for pet parents, offering access to 5-star dog walking, pet sitting, expert pet advice and training from local pet caregivers nationwide. Wag!'s community of over 400,000 pet caregivers are pet people, and it shows. Making pet parents happy is what Wag! does best. With safety and happiness at the forefront, pet caregivers with Wag! have a trusted record of experience with over 12.1 million pet care services completed by pet caregivers on the Wag! platform and over $325 million total bookings across all 50 states, resulting in more than 96% of services earning 5 stars. For more information, visit wag.co.
"Wag! is thrilled for this paw-tnership with Shoutable to help them support the goals of the HSUS," said Garrett Smallwood, CEO of Wag!. "What a unique opportunity for thousands of commuters across the United States to see and celebrate the joys of animal companionship."
Shoutable is changing the market by offering the everyday consumer the ability to purchase digital billboards, called Shouts. Just as easy as an Instagram post, Shouts start at the affordable rate of $45. From Time Square to the Vegas Strip, to bus stops and taxi tops, Shoutable gives both large and small creators the space to be seen and heard, blurring the line between advertising and social media.
Shoutable is the first & only direct-to-consumer platform for placing content on digital billboards. They make posting content on thousands of digital screens across the U.S. as easy as posting to social media.
In just minutes, anyone can choose a holiday or memorable moment category, select a template, and customize it with their photo and text. Then after the content plays, they can post photos of their personal billboard to social media platforms like Instagram, TikTok, Snapchat, Meta, and YouTube. Shoutable has democratized digital billboards to make them accessible and affordable.
Shoutable also works with brands to deliver custom branded templates for consumers to customize, delivering unique and memorable out of home campaigns.
Shoutable's mission is to create social good by donating a portion of its proceeds from every single order to charities such as National Breast Cancer Foundation and the HSUS.
Check out our favorite Shoutable testimonials here: Shoutable Success Stories
We fight the big fights to end suffering for all animals. Together with millions of supporters, the Humane Society of the United States takes on puppy mills, factory farms, the fur trade, trophy hunting, animal cosmetics testing and other cruel industries. Through our rescue, response, and sanctuary work, as well as other direct services, we help thousands of animals in need every year. We fight all forms of animal cruelty to achieve the vision behind our name: a humane society.
MEDIA CONTACT
Contact: Jessica Meisels
Fingerprint Communications
Jessica@fingerprintcom.net
Office: 310-276-7500
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SOURCE Shoutable.me | https://www.whsv.com/prnewswire/2022/08/24/shoutableme-amp-wag-launch-campaign-celebrate-human-canine-bond-national-dog-day/ | 2022-08-24T12:31:11Z |
GOTHENBURG, Sweden, Aug. 24, 2022 /PRNewswire/ -- SKF announces the appointment of Annika Ölme as CTO and Senior Vice President, Technology Development.
Annika joins SKF from SAAB Radar Solutions, where she is CTO and Head of Engineering. Annika has also been Managing Director of Arcam, a subsidiary of General Electric. Between 2002-2017, Annika held various positions within SKF.
Annika has a Master of Science in Electrical Engineering from Chalmers University of Technology and a Master of Business Administration from Waikato University.
Rickard Gustafson, President and CEO, says: "I'm happy to welcome Annika back to SKF and look forward to working with her as we continue to strengthen our technology development efforts for traditional and future applications around the rotating shaft."
Annika will join SKF on 15 October.
Aktiebolaget SKF
(publ)
CONTACT:
For further information, please contact:
PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com
INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com
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SOURCE SKF | https://www.whsv.com/prnewswire/2022/08/24/skf-announces-changes-group-management/ | 2022-08-24T12:31:17Z |
The company continued to develop the technology, R&D and marketing infrastructure necessary to accelerate toward commercialization of cultured meat
REHOVOT, Israel, Aug. 24, 2022 /PRNewswire/ -- Steakholder Foods (Nasdaq: STKH), formerly MeaTech 3D Ltd. (Nasdaq: MITC), an international deep-tech food company at the forefront of the cultured meat industry, today released its financial results for Q2 2022 and provided a business update.
Steakholder Foods is developing high quality beef, chicken, pork, and seafood products made from animal cells rather than farm-raised animals — as whole cuts, ground and raw materials — that are safer and with significantly less impact than conventional meat.
Q2 2022 Financial Results Summary
- Research and development expenses totaled $2.3 million in the three months ending June 30, 2022 compared to $1.8 million in the same period in 2021. The 28% increase reflects the company's growing investment in research and development as it achieves its milestones and expands its cultured meat technology capabilities.
- General and administrative expenses totaled $1.6 million in the three months ending June 30, 2022 compared to $1.4 million in the same period in 2021. The 12% increase was primarily due to increased salary expenses and increased payments for legal and professional services.
- Marketing expenses totaled $0.9 million in the three months ending June 30, 2022 compared to $0.3 million in the same period in 2021. The increase is mainly due to the company's increased salary expenses and growing investment in its US and global marketing activities.
- Operating loss totaled $4.8 million in the three months ending June 30, 2022 compared to $3.5 million in the same period in 2021. The 37% increase in the operating loss reflects the company's growing investment in research and development as well as marketing activities.
- Total comprehensive loss was $6.6 million in the three months ending June 30, 2022 or 3 cents per ordinary share ($0.33 per ADS) compared to $3.2 million or 11 cents per ordinary share ($1.10 per ADS) in the same period in 2021.
- Cash flow used in operating activities totaled $7.4 million in the six months ending June 30, 2022, compared to $5.0 million in the same period in 2021, reflecting a 48% increase, due mainly to the increased expenditures of the company's growing activities, including the addition of Peace of Meat as a subsidiary as of March 2021.
- Cash flow used in investment activities totaled $2.5 million in the six months ending June 30, 2022 compared to $6.3 million in the same period in 2021, reflecting a 61% decrease due mainly to the non-recurring acquisition of Peace of Meat in 2021.
- Cash flow from financing activities was $0.3 million in the six months ending June 30, 2022 compared to $29.1 million in the same period in 2021, during which the company's Nasdaq IPO took place.
- Cash and cash equivalents were $8.4 million on June 30, 2022 compared to $19.2 million at year-end 2021. The 56% decrease was mainly due to the company's ongoing operations. On July 5, 2022, the company raised gross proceeds of $6.5 million in equity. Pro forma to the capital raised and net after associated fees, the cash position as of June 30th is approximately $14.2 million.
- Current assets decreased to $10.8 million on June 30, 2022, a 51% decrease from $22.1 million at year-end 2021 due to its ongoing operations.
- Non-current assets increased by 20% to $22.4 million on June 30, 2022 from $18.5 million at year-end 2021, due mainly to a $3.3 million long-term lease asset of its new premises, offset by the recognition of a lease liability in the same amount in accordance with IFRS requirements.
- Total capital decreased 30% to $26.4 million on June 30, 2022, down from $37.6 million at year-end 2021. The decrease was mainly due to ongoing operations.
Arik Kaufman, Steakholder Foods's Chief Executive Officer & Founder: "We continue to proceed at a rapid pace with our plans and are very pleased with the progress the company has made in this quarter and in general. The $6.5m in capital we raised early in Q3 gives us continued resources to continue moving forward in our mission, and our recent rebranding better reflects the company's vision, direction, and uniqueness in the industry. We're aiming high, and we truly believe that everyone should be able to continue safely and securely enjoying real, delicious meat sustainably."
Business highlights
- In April 2022, the company announced development of a unique multi-nozzle 3D bioprinting system for highly precise industrial scale production of cultured meat products. The innovative 3D bioprinting technology will be offered to third parties by a wholly owned private Steakholder Foods subsidiary as an additional revenue stream and to accelerate commercialization.
- In May 2022, Steakholder Foods joined the United Nations Global Compact, committing to ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption and to act in support of UN goals and issues embodied in the UN's Sustainable Development Goals (SDGs).
- In May 2022, Peace of Meat signed a strategic agreement with ENOUGH, a leader in the field of mycoprotein, a fungi-based fermented food ingredient, to accelerate commercialization. This innovative initiative is expected to create game-changing hybrid alternative meat products that better resemble the flavor, aroma, texture, and even nutritional value of conventional meat.
- In May 2022, the company announced the development of a unique, multi-nozzle 3D bioprinting system for industrial scale production of complex cultured meat products without impacting cell viability. The company plans to offer the technology to third parties via a wholly owned private Steakholder Foods subsidiary as an additional revenue stream and to accelerate commercialization.
- In June 2022, the company was granted its first patent out of several currently pending. The patent, issued by IP Australia, is based on the company's development of systems and methods to apply external forces to muscle tissue that result in the development of high-quality complex structured meat. This achievement strengthens the company's IP and accelerates its commercialization efforts as the leading developer of high-quality whole-cut cultivated meat products and provider of technology and services to third parties players.
- In July 2022, the company completed a $6.5 million registered direct offering with a leading institutional investor, pointing to strong support from international capital markets as part of the company's strategy.
- In July 2022, a collaboration was revealed with Umami Meats, a Singaporean cultured seafood company. This collaboration opens a door for both companies into the Asian market, and Singapore specifically, which is currently the only country that has authorized the production and distribution of cultured meat. Steakholder Foods also sees this collaboration as an opportunity to make a valuable contribution to the preservation of marine ecosystems and wildlife.
- In July 2022, Peace of Meat, the company's wholly owned Belgian subsidiary, announced the establishment of a stable and unique avian cell line with a clear upscaling path. Peace of Meat's cultured avian capabilities opens the door to commercialization in the hybrid foods market.
- In August 2022, the company rebranded itself as Steakholder Foods Ltd. and changed its ticker on the Nasdaq to STKH. The new name and brand reflects the company's commitment to cultivating a new community of meat lovers who wish to support and participate in the company's mission to make high-quality real meat sustainably.
- In August 2022, the company announced its initiation of cultured pork development using a porcine cell line with significantly greater lifespan and scalability. The new induced pluripotent porcine stem cell line (iPS) enables the company to continue diversifying its species portfolio and accelerate its market readiness for cultured pork production.
About Steakholder Foods
Steakholder Foods Ltd., formerly MeaTech 3D Ltd., is an international deep-tech food company at the forefront of the cultured meat revolution. The company initiated activities in 2019 and is listed on the Nasdaq Capital Market under the ticker STKH (formerly MITC). Steakholder Foods maintains facilities in Rehovot, Israel and Antwerp, Belgium and is in the process of expanding activities to the US.
The company is developing a slaughter-free solution for producing a variety of beef, chicken, pork, and seafood products — both as raw materials and whole cuts — as an alternative to industrialized farming and fishing. With its membership in the UN Global Compact, Steakholder Foods is committed to act in support of issues embodied in the United Nations Sustainable Development Goals (SDGs) which include strengthening food security, decreasing carbon footprint, and conserving water and land resources.
For more information, please visit: https://steakholderfoods.com
Forward-Looking Statements
This press release contains forward-looking statements concerning Steakholder Foods' business, operations and financial performance and condition as well as plans, objectives, and expectations for Steakholder Foods' business operations and financial performance and condition. Any statements that are not historical facts may be deemed to be forward-looking statements. Forward-looking statements reflect Steakholder Foods' current views with respect to future events and are based on assumptions and subject to known and unknown risks and uncertainties, which change over time, and other factors that may cause Steakholder Foods' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan" or words or phases of similar meaning and include, without limitation, Steakholder Foods' expectations regarding the success of its cultured meat manufacturing technologies it is developing, which will require significant additional work before Steakholder Foods can potentially launch commercial sales; Steakholder Foods' research and development activities associated with technologies for cultured meat manufacturing, including three-dimensional meat production, which involves a lengthy and complex process; Steakholder Foods' ability to obtain and enforce its intellectual property rights and to operate its business without infringing, misappropriating, or otherwise violating the intellectual property rights and proprietary technology of third parties; and other risks and uncertainties, including those identified in Steakholder Foods' Annual Report on Form 20-F for the fiscal year ended December 31, 2021, filed with the Securities and Exchange Commission on March 24, 2022. New risks and uncertainties may emerge from time to time, and it is not possible for Steakholder Foods to predict their occurrence or how they will affect Steakholder Foods. If one or more of the factors affecting Steakholder Foods' forward-looking information and statements proves incorrect, then Steakholder Foods' actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, Steakholder Foods cautions you not to place undue reliance on its forward-looking information and statements. Steakholder Foods disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.
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SOURCE Steakholder™ Foods Ltd. | https://www.whsv.com/prnewswire/2022/08/24/steakholder-foods-reports-financial-results-q2-2022-provides-business-update/ | 2022-08-24T12:31:24Z |
CHICAGO, Aug. 24, 2022 /PRNewswire/ -- Stout announced the acquisition of Davis & Hosfield Consulting LLC (Davis & Hosfield), a litigation-focused financial and economic consulting firm providing damages analyses and expert testimony. The transaction became effective on August 16, 2022.
Stout is pleased to welcome Davis & Hosfield's team of 17 professionals, led by Principals and co-founders Julie Davis and Mark Hosfield. Melissa Bennis and Lynsey Honegger will also be joining Stout as Managing Directors. The Chicago-based team has provided expert testimony and consulting in hundreds of matters involving intellectual property and commercial disputes, such as patent and trademark infringement, trade secret misappropriation, breach of contract, post-acquisition disputes, business valuations, antitrust, and many other areas.
"Davis & Hosfield is known for providing unmatched service to their clients in litigation," said Jeff Risius, Chief Client Service Officer for Stout. "We welcome everyone on their stellar team and know that they will provide immense value as we continue to grow our Disputes, Compliance, & Investigations team."
"Davis & Hosfield's decades of experience will make an impactful addition to our firm," said Mike Petron, President of the Disputes, Compliance, & Investigations group at Stout. "From early case assessment through post-trial work, Davis & Hosfield has already built a reputation for efficient, client-centered work through the entire litigation lifecycle."
"Our team is excited to join Stout's robust Disputes, Compliance, & Investigations group and deep bench of expert testifiers," said Julie Davis, Principal at Davis & Hosfield. "The synergies between our companies, both from a technical and cultural standpoint, will allow us to deliver premium service to our clients."
Winston & Strawn LLP served as legal counsel to Stout. Freeborn & Peters LLP served as legal counsel to Davis & Hosfield.
Stout is a global investment bank and advisory firm specializing in corporate finance, valuation, financial disputes, and investigations. We serve a range of clients, from public corporations to privately held companies in numerous industries. Our clients and their advisors rely on our premier expertise, deep industry knowledge, and unparalleled responsiveness on complex matters. Learn about our Relentless Excellence® at stout.com.
Stout is a trade name for Stout Risius Ross, LLC, Stout Advisors SA, Stout Bluepeak Asia Ltd., Stout GmbH, MB e Associati S.r.l., Stout Park Ltd, and Stout Capital, LLC, a FINRA-registered broker dealer and SIPC member firm. The terms "Stout" or the "firm" refer to one or more of these legally separate and independent advisory practices.
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SOURCE Stout | https://www.whsv.com/prnewswire/2022/08/24/stout-acquires-davis-amp-hosfield-consulting-llc/ | 2022-08-24T12:31:30Z |
Award Winning Air-Dried Meat Snacks Brand to Raise Awareness of Organization Providing Educational Scholarships to Impacted Families
PLANO, Texas, Aug. 24, 2022 /PRNewswire/ -- Stryve Foods, Inc. (NASDAQ: SNAX), the premium air-dried meat snacks brand conquering the intersection of healthy and convenient, is proud to announce its partnership with Folds of Honor, a nonprofit organization that provides academic scholarships to the children and spouses of America's fallen and disabled service members. Folds of Honor pays tribute to the sacrifice of America's heroes by allowing their legacy to live on through their families through educational scholarships, partnering with brands such as Stryve Foods in order to achieve the goals that allow for academic pursuits.
Since 2007, over 35,000 scholarships have been awarded for K-12 and higher education, with 91% of donated funds going directly to scholarships. Folds of Honor has previously partnered with major brands such as Rite Aid, Budweiser, Quick Trip, Major League Baseball, Delta Airlines, and has had the support of George W. Bush, Larry the Cable Guy, and Dierks Bentley. Stryve Foods is supporting Folds of Honor by displaying the patriotic badge across Stryve Foods packaging. Stryve Foods products, which can be found at retailers and major grocery stores nationwide, will proudly display the badge in a commitment to increase awareness in support of a worthy cause so that the families of fallen and disabled service members will have access to academic funding.
"Folds of Honor is proud to team up with Stryve Foods," said Lt. Col Dan Rooney. "We believe this partnership will bring great awareness to the mission of Folds of Honor and aid in increasing the scholarship funding available to the families of American heroes. Together we will honor the legacy of the fallen and injured by paving a brighter future."
"Our mission at Stryve Foods has always been about expanding the meat snack category with better for you options while setting a new, higher standard of taste," said Chris Boever, Chief Executive Officer of Stryve Foods. "The standard to which we hold our products lends into how we align with other brands and organizations, especially those in support of worthy causes. Our partnership with Folds of Honor truly is an honor, as this will allow Stryve Foods to give back and showcase the important work such an organization is putting forth in the community."
For more information on Folds of Honor and to support the organization furthering the legacy of fallen and disabled American service members through educational scholarships, please visit www.foldsofhonor.org. For more information on Stryve Foods, please visit www.stryve.com.
Stryve Foods is an emerging healthy snacking company on a mission "to help Americans snack better and live happier, better lives." Offering delicious, convenient, and nutritious meat snacks, Stryve Foods' current brand portfolio consists of air-dried meat products which are marketed under Stryve Snacks, Kalahari Snacks, and Vacadillos. Stryve Foods uses an all-natural, centuries old process of air-drying meat, which originated in South Africa, to ensure that each bite of Biltong is full of flavor, while simultaneously tender. Unlike beef jerky, Stryve Foods' all-natural air-dried Biltong products are made of beef and spices, contain zero grams of sugar, and are free of monosodium glutamate (MSG), gluten, nitrates, nitrites, and preservatives. Stryve Snacks, Kalahari Snacks and Vacadillos are available online and nationwide in select convenience stores and retail locations. For more information on Stryve Foods, please visit www.stryve.com.
MEDIA CONTACT
Charisse Calalang | Carissa Izquierdo
ccalalang@startrco.com
cizquierdo@startrco.com
www.startrco.com
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Earnings to be announced by the Company before the market opens on August 29, 2022
TORONTO, Aug. 24, 2022 /PRNewswire/ - Think Research Corporation (TSXV: THNK) (OTC: THKKF) ("Think" or the "Company"), a company focused on transforming healthcare through digital health software solutions, today announced that it will release its financial results for the three months ended June 30, 2022 before the market opens on August 29, 2022.
Think's financial statements and Management Discussion and Analysis will be available under the Company's profile on SEDAR and on the Company's website as of 7:30 a.m. Eastern Time.
Management will hold a conference call on August 29, 2022 at 9 a.m. Eastern Time hosted by CEO Sachin Aggarwal and interim CFO John Hayes with a Q & A session to follow.
Toronto: 416-764-8659
North American Toll-free: 1-888-664-6392
Conference ID: 61386443
Webcast: https://app.webinar.net/y5Ag9m7L36M
A transcript of the call will be posted on the Company's website at www.thinkresearch.com within 48 hours of the call.
Think Research Corporation is an industry leader in delivering knowledge-based digital health software solutions. The Company's focused mission is to organize the world's health knowledge so everyone gets the best care. Its evidence-based healthcare technology solutions support the clinical decision-making process, standardize care, to facilitate better health care outcomes. The Company gathers, develops, and delivers knowledge-based solutions globally to enterprise clients including hospitals, health regions, health care professionals, and / or governments. Think licenses its solutions to over 13,000 facilities for over 300,000 primary care, acute care, and long-term care doctors, nurses and pharmacists that rely on the content and data provided by Think to support their practices. Millions of patients and residents annually receive better care due to the essential data that Think produces, manages and delivers. Visit www.thinkresearch.com
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.
For more information: https://www.thinkresearch.com/ca/investors/
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SOURCE Think Research Corporation | https://www.whsv.com/prnewswire/2022/08/24/think-research-announces-date-second-quarter-2022-earnings-release-conference-call-details/ | 2022-08-24T12:31:43Z |
2022-23 School Year Kicks Off, Teens Nationwide Hit Highways
JACKSONVILLE, Fla., Aug. 24, 2022 /PRNewswire/ -- With more than eight million teens on the road as the 2022-23 school year kicks off nationwide, setting your children up for success behind the wheel is a priority.
Motor vehicle research specialists with the Center for Disease Control and Prevention in Atlanta say the number one cause of teen deaths in the United States is motor vehicle fatalities. Atlanta Metro region insurance agent Curtis Caldwell shares tips with his neighbors to help keep their children driving safely. "Our kids need to be set up for success," Caldwell said. "The numbers show about seven teenagers die on America's roadways every single day. We need to do all we can to prepare our youngest group of drivers to be as safe as possible."
Caldwell owns Brightway, The Caldwell Agency in Cumming, Georgia. A provider of auto insurance coverage for drivers of all ages in his North Georgia town, Caldwell sees the latest data that all families should be aware of before turning over the keys to their teen motorists. He notes, "It's the mobile device that has some of the most shocking numbers. The chances of your teen motorist being in a crash increases 400 percent when they are distracted by their phone."
According to Caldwell, here are some things your teen driver can do to make safety their top priority this school year. "It all begins with wearing your seatbelt," Caldwell added. "Nearly half of all teens who die in an auto accident aren't wearing their seatbelts at the time of the crash."
- Wear Your Seatbelt
- Remove Distractions - Mobile Devices, Having Teenage Passengers, etc…
- Be Alert, Not Drowsy - No driving late at night or while impaired
- Leave Early – Avoid the need to drive faster to arrive on time
- Pay Attention to Speed Limits and School Zones
- Use Turn Signals – Give other motorists time to respond to what you are doing next
- Adjust the Driver's Seat and Mirrors, as needed
- Limit Off-Hour Driving – Latest CDC data shows that 40 percent of fatal teen motor vehicle crashes take place between 9 p.m. and 6 a.m.
In addition to accident awareness, it's very important that teen drivers have an emergency kit packed in their vehicle. Among the items that should be a top priority are a cell phone charger, first-aid kit, flashlight with batteries, basic set of tools, jumper cables and a blanket.
"It's all about making sure your teen is prepared for the situations they may face behind the wheel," Caldwell said. "Driver inexperience is one of the main causes of teen crashes and related injuries."
Established in 2008, Brightway grew to become one of the largest privately-owned property/casualty insurance distribution companies in the U.S. with over 300 franchises in 30 states and over $900 million in annual premiums. Recently, Brightway's success led to a private equity investment that has infused the company with financial and human capital, and data and analytics access, to accelerate growth and deliver new and exciting market opportunities.
Brightway Insurance offers customized Home, Flood, Auto, Boat, Condo, Renters, Personal Articles, RV, Motorcycle, Umbrella, and Life insurance policies from many insurance companies. Hours of operation for our more than 300 agencies nationwide are Monday through Friday from 8:30 a.m. to 5 p.m. and Saturday/Sunday by appointment. Find an agent near you by visiting Brightway.com/find-an-agent.
Brightway produces winning outcomes for franchisees and their customers by offering access to customized coverage solutions from a range of insurers paired with full back office and marketing support. This winning model allows agents and producers to focus on addressing the needs of their customers to become trusted advisors and grow their businesses.
Contact: Don Foley, Brightway Public Relations
Phone: 904.490.8649
Email: don.foley@Brightway.com
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Cooperative research project will study the scaling and integration of fuel cell systems for stationary power generation
PLANO, Texas, Aug. 24, 2022 /PRNewswire/ -- Toyota Motor North America (Toyota) is collaborating with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) to build, install and evaluate a 1-megawatt (MW) proton exchange membrane (PEM) fuel cell power generation system at NREL's Flatirons Campus in Arvada, Colorado.
This 3-year, $6.5 million collaboration is funded in part by DOE's Hydrogen and Fuel Cell Technologies Office in the Office of Energy Efficiency and Renewable Energy and supports DOE's H2@Scale vision for clean hydrogen across multiple applications and economic sectors.
The 1-MW fuel cell system integrates multiple Toyota fuel cell modules into a larger system to provide responsive stationary power. Through a previous collaboration, NREL has demonstrated the use of an automotive fuel cell system to provide carbon-free power for a data center. This new system is at a significantly larger scale, generating about 15 times more power and capable of direct current and alternating current output.
Toyota leveraged its over 25 years of fuel cell development experience as it designed the 1-MW system, expanding on expertise from the light duty fuel cell electric vehicle market. Toyota is providing the fuel cell modules and is working with systems integrator, Telios, for the design, balance-of-plant and build of the system for delivery to NREL. Toyota has developed an integrated control system to manage operation of the fuel cell modules to maximize efficiency and system life. The system demonstrates a simplified design as a drop-in replacement to a conventional generator.
"Achieving carbon neutrality requires all of us to explore new applications of zero-emission technology, including how that technology will integrate with other systems, which the project with NREL will identify," said Christopher Yang, group vice president, Business Development, Fuel Cell Solutions, Toyota. "The application of our modules in deployments of this magnitude shows the scalability of Toyota's fuel cell technology, whether it is a single fuel cell module for one passenger vehicle or multiple systems combined to power heavy-duty equipment."
NREL researchers will push the operational boundaries of the fuel cell system design to identify performance limitations and degradation over time, generating valuable real-world data to aid with development of future applications. Research and development will also include assessing how the system performs when integrated with energy storage and renewable energy generation systems, such as solar photovoltaic and wind.
"We will study the scaling of PEM fuel cell systems for stationary power generation to understand what the performance, durability and system integration challenges are," said Daniel Leighton, an NREL research engineer and principal investigator on the project. "This fuel cell generator system also creates a new megawatt-scale fuel cell research capability at NREL."
The fuel cell generator is part of the Advanced Research on Integrated Energy Systems (ARIES) megawatt-scale hydrogen system being designed and commissioned at NREL's Flatirons Campus. The flexible system — which includes a 1.25-MW PEM electrolyzer, 600-kg hydrogen storage system and 1-MW fuel cell generator — provides a platform to demonstrate direct renewable hydrogen production, energy storage, power production and grid integration at the megawatt scale.
The fuel cell generator system will be installed this summer, and the full system will be commissioned later in 2022.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.
Toyota directly employs more than 39,000 people in the U.S. who have contributed to the design, engineering, and assembly of nearly 32 million cars and trucks at our nine manufacturing plants. By 2025, Toyota's 10th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. With the more electrified vehicles on the road than any other automaker, a quarter of the company's 2021 U.S. sales were electrified.
To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to virtually visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.ToyotaNewsroom.com.
MEDIA CONTACT
Toyota Motor North America
Josh Burns
Joshua.Burns@toyota.com
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VANCOUVER, BC, Aug. 24, 2022 /PRNewswire/ - Travelers Financial Group is one of the leaders in a wide spectrum of consumer and commercial financing related businesses in Canada and United States, today announced that Ashwin Pamidi has been named as Chief Financial Officer and Head of Corporate Strategy.
Ashwin has more than 15 of experience and his most recent responsibility was the Vice President and Head of Global Business Development for Finning where he led the M&A activity and was part of the senior leadership team. In the past, Ashwin has held senior positions with National Bank Financial and CIBC World Markets. He earned his Bachelor of Science at McMaster University, a PhD at the University of Toronto in Medical Biophysics and an MBA from the University of Toronto, Rotman School of Management.
"We are very pleased to welcome Ash at Travelers as the newest member of the executive team," said Jim Case, Chief Executive Officer, Travelers Financial Group. "He will support the business unit leaders in all areas of finance, capital, reporting and strategy. Ash will help us in terms of our overall vision and high-level strategy, M&A strategy and activities, and help to execute the long-term succession planning for the group."
"I am honored to be joining the Travelers Financial Group as a new CFO and Head of Corporate Strategy," said Ashwin Pamidi. "With such a talented team I am confident in our growth plans and looking forward to help the group in exploring new opportunities and markets."
Since 1986 Travelers Financial Group has deployed over $12B and has expanded from a captive finance and leasing division of a major independent office technology supplier to a multi faceted group of companies that provides an array of capital solutions, business process outsource solutions, lead generation and technology solutions. Travelers Financial Group specializes in the areas of commercial finance, equipment and auto finance/leasing and consumer finance and partner with small, medium, and large enterprise to solve problems and/or create revenue growth opportunities.
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SOURCE Travelers Financial Group | https://www.whsv.com/prnewswire/2022/08/24/travelers-financial-group-announces-ashwin-pamidi-cfo-head-corporate-strategy/ | 2022-08-24T12:32:02Z |
Late-breaker abstract accepted for oral presentation on the interim analysis of cough in patients with idiopathic pulmonary fibrosis (IPF) at the upcoming European Respiratory Society International Congress 2022, Barcelona, Spain, September 4-6
Late-breaker abstract accepted for oral presentation on topline data for the treatment of prurigo nodularis (PN) at upcoming 31st European Academy of Dermatology and Venereology Congress, Milan, Italy, September 7-10
NEW HAVEN, Conn., Aug. 24, 2022 /PRNewswire/ -- Trevi Therapeutics, Inc. (Nasdaq: TRVI), a clinical-stage biopharmaceutical company developing an investigational therapy Haduvio™ (oral nalbuphine ER) for the treatment of prurigo nodularis (PN) and chronic cough in adults with idiopathic pulmonary fibrosis (IPF), today announced two late-breaking abstracts were accepted for presentation at upcoming fall medical conferences. The previously disclosed positive interim data from CANAL, a phase 2 trial for chronic cough in IPF, will be presented as an oral late-breaker abstract presentation at the European Respiratory Society (ERS) International Congress 2022 in Barcelona, Spain. The previously disclosed positive topline data from PRISM, a phase 2b/3 trial in PN, will be presented as an oral late-breaker abstract presentation at the 31st European Academy of Dermatology and Venereology (EADV) Congress in Milan, Italy.
Conference Details
The CANAL (Cough And NALbuphine) trial is a Phase 2 double-blind, randomized, placebo-controlled, 2-treatment, 2-period crossover efficacy and safety study of nalbuphine ER for chronic cough in IPF. Statistically significant efficacy results from the interim analysis (N=26) were announced:
- The primary efficacy endpoint demonstrated a 77.3% reduction in daytime cough frequency from baseline with the use of nalbuphine ER compared to a 25.7% reduction with placebo, demonstrating a 52% placebo-adjusted reduction in the geometric mean percent change in the daytime cough frequency (p<0.0001).
- Expect to report efficacy and safety data on the full set of subjects in the third quarter of 2022.
The PRISM (Pruritus Relief through Itch-Scratch Modulation) trial is a Phase 2b/3 randomized, double-blind, placebo-controlled study to evaluate the efficacy and safety of nalbuphine ER in prurigo nodularis. As previously announced in the PRISM trial, results comparing subjects randomized to nalbuphine ER (n=168) or placebo (n=176) achieved the primary and all key secondary endpoints:
- 25% of nalbuphine ER subjects evaluated at week 14 met the primary endpoint of a 4-point reduction in the Worst Itch Numerical Rating Scale from baseline compared to 14% of placebo subjects (p=0.0157).
- Nalbuphine ER subjects experienced significantly greater improvements in ItchyQoL vs. placebo (p=0.0002) at week 14, which was statistically significant across each of the three domains (symptoms, functional limitations, and emotions). ItchyQoL is used to measure how pruritus impacts a subject's quality of life.
- 55% of nalbuphine ER subjects had at least a 1-category improvement in the 5-point scale in their Prurigo Activity Score (PAS) (pruriginous lesions with excoriations), vs. 38% on placebo (p=0.006) as evaluated at week 14.
- Nalbuphine ER subjects experienced significantly greater improvements in the PROMIS sleep disturbance short form 8a vs. placebo (p=0.0002) at week 14. The first assessment of PROMIS was made at week 6 of the trial and results at week 6 also demonstrated a statistically significant improvement.
The safety results of both trials were generally consistent with the known safety profile of nalbuphine ER from previous trials.
IPF is a serious, end of life disease where cough is one of the most significant symptoms. There are estimated to be 130,000 IPF patients in the US and more than 1 million patients ex-US, where up to 85% of these patients experience chronic cough. There are no approved therapies for the treatment of chronic cough in IPF, and the cough is often refractory to antitussive therapy. Patients with chronic cough in IPF can cough up to 1,500 times per day, leading to increased feelings of anxiety as it induces breathlessness. Coughing spells or episodes lead to significant fatigue, air hunger, peripheral oxygen desaturation, and some patients also experience cough-related urinary incontinence. The social impact of chronic cough in IPF further compounds limited exercise ability, reduced walking distance, and the need to use supplemental oxygen. The chronic cough in IPF may be an early clinical marker of disease activity, it can identify patients at high risk of progression, predict time to death or lung transplant, and may also contribute to enhanced activation of profibrotic mechanisms and disease worsening in IPF.
Prurigo nodularis is a chronic disease characterized by severe pruritus and the presence of nodules, lesions, and excoriations. Chronic pruritus is a key contributing cause of prurigo nodularis and manifests in an itch-scratch cycle, which is difficult to disrupt. There are no approved therapies for prurigo nodularis where a large unmet need exists due to its impact on patients' quality of life, function, and emotional well-being.
Trevi Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on the development and commercialization of the investigational therapy Haduvio for the treatment of prurigo nodularis and chronic cough in adults with idiopathic pulmonary fibrosis. These conditions share a common pathophysiology that is mediated through opioid receptors in the central and peripheral nervous systems.
Founded in 2011, Trevi Therapeutics is headquartered in New Haven, CT.
Haduvio, an investigational therapy, is an oral extended-release (ER) formulation of nalbuphine. Nalbuphine is a mixed ĸ-opioid receptor agonist and µ-opioid receptor antagonist that has been approved and marketed as an injectable for pain indications for more than 20 years in the United States and Europe. The ĸ- and µ-opioid receptors are known to be critical mediators of itch, cough and certain movement disorders. Nalbuphine's mechanism of action may also mitigate the risk of abuse associated with µ-opioid agonists because it antagonizes, or blocks, µ-opioid receptors. Parenteral nalbuphine is not currently scheduled as a controlled substance by the DEA in the United States or by regulatory authorities in most of Europe. Trevi intends to propose Haduvio as the trade name for nalbuphine ER. Nalbuphine ER has been granted Fast Track designation by the FDA for the treatment of itch in patients with prurigo nodularis. Its safety and efficacy have not been evaluated by any regulatory authority.
Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties and actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding the expected timing of reporting top-line data from the full set of subjects' data from Trevi's Phase 2 CANAL trial of Haduvio in chronic cough in adults with IPF; Trevi's business plans and objectives, including future plans or expectations for Haduvio; expectations regarding Trevi's uses and sufficiency of capital; and other statements containing the words "believes," "anticipates," "plans," "expects," and similar expressions. Risks that contribute to the uncertain nature of the forward-looking statements include: uncertainties regarding the success, cost and timing of Trevi's product candidate development activities and ongoing and planned clinical trials, including with respect to the timing of reporting top-line data from the Phase 2 CANAL trial; uncertainties regarding Trevi's ability to execute on its strategy; the risk that positive interim or top-line results from a clinical trial may not necessarily be predictive of the results of the completed trial or other future or ongoing clinical trials; potential regulatory developments in the United States and foreign countries; uncertainties regarding fast track designation and the effect such status could have on the regulatory review or approval process; uncertainties inherent in estimating Trevi's cash runway, future expenses and other financial results, including Trevi's ability to continue as a going concern, comply with its obligations under its loan facility and fund future operations; uncertainties regarding the scope, timing and severity of the COVID-19 pandemic, the impact of the COVID-19 pandemic on Trevi's clinical operations and actions taken in response to the pandemic; as well as other risks and uncertainties set forth in the quarterly report on Form 10-Q for the quarter ended June 30, 2022 filed with the Securities and Exchange Commission and in subsequent filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. Trevi undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Investor Contact
Katie McManus
Trevi Therapeutics, Inc.
203-304-2499
k.mcmanus@trevitherapeutics.com
Media Contact
Rosalia Scampoli
914-815-1465
rscampoli@marketcompr.com
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NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Inc. magazine revealed last week that Weild & Co. placed on the Inc. 5000 list of the nation's fastest-growing private companies for the second year in a row.
Weild & Co. is the first major decentralized investment banking firm benefiting from the shift to remote work. With investment bankers now in 26 States and four countries, this marks the second consecutive year that Weild & Co. has been named to the Inc. list that is comprised of the top 0.07% fastest growing private companies in the United States. By harnessing the power of the cloud, Weild & Co. brings together independent and proven investment banking and sales professionals to collaborate and deliver results for corporate finance clients and investment managers.
Today, Weild & Co. is once again proud to be among past Inc. 5000 list honorees including Intuit, Timberland, Patagonia, Zappos, Under Armour, Chobani, Microsoft, Oracle, and Qualcomm.
"Making the Inc. 5000 for the second consecutive year puts further validates our vision of creating the first major decentralized investment bank to improve client access to capital and drive growth, innovation, and social impact. Qualified professionals are coming to Weild & Co. as we redefine what it means to be best-of-breed in corporate finance."
The companies on the 2022 Inc. 5000 have not only been successful but have also demonstrated resilience amid unprecedented supply chain challenges, labor shortages, and the 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."
Founded in late 2016, this is the second consecutive year that Weild & Co. has joined the Inc. 5000 list of America's fastest growing private companies. The company's growing network of professionals and affiliate firms has successfully advised numerous clients across a range of industries and transaction types including M&A, private placements of equity, private placement of debt and access to public markets.
Weild & Co. is widely recognized for the reputation of its founder, David Weild. Mr. Weild is the former Vice Chairman of The NASDAQ Stock Market and is regarded by many as the "Father of the JOBS Act." The Act tripled the number of IPOs in important industries, created an entire ecosystem of FINRA-registered crowdfunding portals and made it easier for people in poor communities to legally solicit equity capital. The firm has strong leadership and a management team offering over 100 years of relevant experience.
FOR MEDIA INQUIRIES CONTACT:
Santiago Peralta
Weild & Co.
480-326-8795
santiago.peralta@weildco.com
Weild & Co., based in New York and Colorado, is an established decentralized investment bank that enables investment bankers to deliver better results for corporate clients and their investors. Its unique platform strategy empowers registered professionals to offer a broader spectrum of corporate finance and capital raising services from anywhere. Weild & Co. embraces diversity and believes different experiences and perspectives enrich us and our industry. For more information, visit our website weildco.com. Weild & Co., Inc.'s wholly-owned subsidiary Weild Capital, LLC (DBA Weild & Co.) is a Member of FINRA | SIPC.
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
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SOURCE WEILD & CO. | https://www.whsv.com/prnewswire/2022/08/24/weild-amp-co-makes-inc-5000-americas-fastest-growing-companies-list-second-year-row/ | 2022-08-24T12:32:11Z |
- Wishpond attained 55% year-over-year revenue growth in Q2-2022 with revenue of $5.0 million, driven by Wishpond's expanded sales team, new product introductions and successfully integrated acquisitions.
- The Company achieved positive cash flow from operating activities in Q2-2022.
- Outlook continues to look strong with increasing demand for Wishpond's products from SMB customers.
VANCOUVER, BC, Aug. 24, 2022 /PRNewswire/ - Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the "Company" or "Wishpond"), a provider of marketing-focused online business solutions, announces it has filed its interim consolidated financial statements (the "Interim Financial Statements") and management's discussion and analysis (the "MD&A") for Q2-2022, representing the three and six months ended June 30, 2022. Copies of the Interim Financial Statements and MD&A are available on the Company's profile on SEDAR at www.sedar.com.
Ali Tajskandar, Wishpond's Chairman and CEO commented, "We are very pleased with our second quarter results which proved to be the strongest quarter in the Company's history with 55% year-over-year growth compared to the same period last year. I am particularly proud of having achieved a significant milestone of $20 million annualized revenue run-rate(1). Thus far, we have not noticed any slowing down in the demand for our products. In addition, Wishpond also achieved positive cash flow from operations in the second quarter. Our outlook continues to look promising for the second half of the year with increasing sales, improving margins, and positive cash flows. Our sales pipeline remains robust and our revenue growth shows tremendous resilience despite the current uncertain economic environment."
- Wishpond achieved record quarterly revenue of $5,007,343 during Q2-2022, a 55% increase compared to revenue of $3,226,877 generated in the same period of 2021 (Q2-2021). The increase in revenue is attributable to the Company's expanded sales team, new product introductions and acquisitions. Wishpond exceeded $20 million annualized revenue run-rate(1) for the first time in Q2-2022.
- Wishpond achieved gross profit(1) of $3,360,715 in Q2-2022 compared to $2,238,143 in Q2-2021, representing a 50% increase from Q2-2021, driven by an increase in overall revenue. Wishpond achieved a gross margin(1) of 67% in Q2-2022 (69% in Q2-2021). The gross margin(1) achieved in Q2-2022 is within the historical range of 65% to 70%.
- Wishpond recorded an operating loss of $658,712 in Q2-2022 ($1,093,556 in Q2-2021). The operating loss reflects continued investment in sales and lead generation, as well as in product development.
- In Q2-2022, Wishpond had negative Adjusted EBITDA(1) of $192,196 (negative $320,027 in Q2-2021). The improvement is primarily driven by higher revenue and recent cost saving initiatives and operational efficiencies achieved in the latter half of Q2-2022 which will result in more than $1.0 million in annual cost savings.
- In Q2-2022, Wishpond returned to net positive cash provided by operating activities of $81,354 (negative $801,512 in Q2-2021).
- As at June 30, 2022, Wishpond had $2,484,878 in cash and no debt (March 31, 2022: cash of $4,487,151 and no debt). The reduction in cash was primarily driven by an upfront cash payment of $1,726,646 for the acquisition of Viral Loops Limited ("Viral Loops") on April 1, 2022, related transaction fees and continued investment in the business. The Company has a credit facility with a major Canadian bank for $6,000,000. As at June 30, 2022, the credit facility remained undrawn and was fully available to the Company.
On April 1, 2022, the Company completed the acquisition of certain assets and specific liabilities of Viral Loops Ltd. Viral Loops is a Software-as-a-Service ("SaaS") company which helps its customers design, create and manage campaigns that result in higher referral visits and revenue for their eCommerce merchants. In consideration for the Viral Loops acquisition, Wishpond provided a cash payment of US$1,380,000 and a one-year performance earn-out that may be paid in cash or by the issuance of the Company's Shares, at the sole discretion of the Company. The one-year earn-out will be based on the projected revenue of the business and is payable on a quarterly basis.
On April 20, 2022, the Company announced that the number of Winback's customer installations had increased by over 50%, including more than 180 Wishpond clients who are trialing the platform under promotional pricing plans. Wishpond also developed and launched new innovative features to the Winback platform over the last quarter.
On June 15, 2022, the Company announced that the renewal of its Notice of an Intention to make a Normal Course Issuer Bid ("NCIB") was approved by the TSX Venture Exchange. Under the renewed NCIB, the Company may, during the 12-month period commencing June 20, 2022 and ending June 19, 2023, purchase up to 2,613,316 Shares in total, being 5% of the total number of 52,266,332 Shares outstanding as at June 3, 2022. During the quarter ended June 30, 2022, the Company did not purchase any common shares under the NCIB (Q1-2022: 130,100 shares for aggregate consideration of $157,265).
- On July 12, 2022, the Company announced the launch of an all-new Website Builder product that includes lead tracking and segmentation tools, personalization abilities, advanced forms and pop-ups, integration with Wishpond's email marketing tool, referral marketing, calendar functionality, pop-ups, and more. Every element of this ground-breaking Website Builder has been designed to help businesses generate leads and sales. The Website Builder is expected to increase customer retention, reduce churn, and increase customer satisfaction.
- On July 20, 2022, the Company announced its annualized revenue run-rate(1) exceeded $20 million for the first time in the Company's history. Also on the same date, the Company announced its cost saving initiatives and operational efficiencies resulted in the Company expecting to realize more than $1.0 million in cost savings over the course of the next twelve months.
Wishpond expects to achieve record revenue and cash flows in the second half of the year driven by increased capacity in the Company's sales team, positive contributions from its acquisitions and new product related revenues. The Company's revenue and earnings growth are expected to continue in the second half of 2022 with the integration of its recent acquisitions, and an increase in cross-selling opportunities between products and solutions offered across all of its product lines.
In line with the Company's focus on profitable growth, Wishpond is scrutinizing all discretionary expenditures across the organization, with the intent of optimizing operations and achieving cost-saving synergies. The Company has a clean balance sheet and is able to continue to fund the growth of its sales team and new product launches from cash flows from operations, without having to raise any additional equity or debt capital.
David Pais, Wishpond's Chief Financial Officer commented, "Wishpond is in a very strong financial position with a strong balance sheet, improving cash flows and solid performance across its businesses. We are very pleased with the integrations of our most recent acquisitions, Winback and Viral Loops. Furthermore, we are very pleased with our laser focus on realizing cost efficiencies while maintaining our impressive revenue growth. We look forward to delivering our results and performance in the coming quarters."
Wishpond will be hosting a webinar conference call to discuss its Q2-2022 results today at 10:00 AM (PST) / 1:00 PM (EST).
To register for the webinar, please visit the following URL: https://bit.ly/WISH_Q2Results
Please connect 5 minutes prior to the conference call to ensure time for any software download that may be required.
The tables below set out selected financial information relating to Wishpond and should be read in conjunction with Wishpond's Interim Financial Statements and MD&A.
The Company's new Equity Incentive Plan dated May 12, 2022 (the "New Plan") was approved at the Annual General and Special Meeting of Shareholders (the "AGM") held on June 14, 2022 and replaces the former Stock Option Plan of the Company (the "Old Plan") last approved by shareholders on June 30, 2021. The New Plan provides for the flexibility to grant equity-based incentive awards in the form of stock options, as well as restricted share units, deferred share units, performance share units and stock appreciation rights. The New Plan is a rolling 10% plan, allowing for a maximum of 10% of the issued and outstanding common shares of the Company to be reserved for issuance. At June 30, 2022, the Company's issued and outstanding totaled 52,266,332 common shares (10% = 5,226,633) and 3,559,814 stock options were outstanding. The New Plan is subject to shareholder approval annually.
"Ali Tajskandar"
Chairman and Chief Executive Officer
Based out of Vancouver, British Columbia, Wishpond is a provider of marketing-focused online business solutions. Wishpond's vision is to become the leading provider of digital marketing solutions that empower entrepreneurs to achieve success online. The Company offers an "all-in-one" marketing suite that provides companies with marketing, promotion, lead generation, and sales conversion capabilities on one integrated platform. Wishpond replaces disparate marketing solutions with an easy-to-use product, for a fraction of the cost. Wishpond serves over 4,000 customers who are primarily small and medium-sized businesses (SMBs) in a wide variety of industries. The Company has developed cutting-edge marketing technology solutions and continues to add new features and applications with great velocity. The Company employs a Software-as-a-Service (SaaS) business model where substantially all the Company's revenue is subscription-based recurring revenue which provides excellent revenue predictability and cash flow visibility. Wishpond is listed on the TSX Venture Exchange under the ticker "WISH", and on the OTCQX Best Market under the ticker "WPNDF". For further information, visit: www.wishpond.com.
Information presented in this press release may be only a summary of all available information and does not purport to be a full representation of all figures, notes and discussions provided for in the Interim Financial Statements and MD&A. Readers are cautioned to read the entirety of the Interim Financial Statements and MD&A, and to not rely only on the information presented in this press release. In the event of conflict between the information in this press release on the one hand, and the Interim Financial Statements and MD&A on the other hand, the information in the Interim Financial Statements and MD&A shall govern.
In this press release, Wishpond has used the following terms ("Non-GAAP Financial Measures") that are not defined by International Financial Reporting Standards ("IFRS"), but are used by management to evaluate the performance of Wishpond and its business: earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), monthly recurring revenue, annualized revenue run-rate, gross profit and gross margin. These measures may also be used by investors, financial institutions and credit rating agencies to assess Wishpond's performance and ability to service debt. Non-GAAP Financial Measures do not have standardized meanings prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies. Securities regulations require that Non-GAAP Financial Measures are clearly defined, qualified and reconciled to their most comparable GAAP financial measures. Except as otherwise indicated, these Non-GAAP Financial Measures are calculated and disclosed on a consistent basis from period to period. Specific items may only be relevant in certain periods. See the disclosure under the heading "Additional GAAP and Non-GAAP Measures" in Wishpond's MD&A for a discussion of Non-GAAP Financial Measures and certain reconciliations to GAAP financial measures. The intent of Non-GAAP Financial Measures is to provide additional useful information to investors and analysts, and the measures do not have any standardized meaning under IFRS. The measures should not, therefore, be considered in isolation or used as a substitute for measures of performance prepared in accordance with IFRS. Other issuers may calculate Non-GAAP Financial Measures differently. Non-GAAP Financial Measures are identified and defined as follows:
- Gross profit and Gross margin: The Company defines "gross profit" as revenue less cost of sales and "gross margin" as gross profit as a percentage of revenue. Gross profit and gross margin should not be construed as an alternative for revenue or net loss determined in accordance with IFRS. The Company believes that gross profit and gross margin are meaningful metrics in assessing the Company's financial performance and operational efficiency.
- Adjusted EBITDA: Adjusted EBITDA should not be construed as an alternative to net earnings, cash flow from operating activities or other measures of financial results determined in accordance with GAAP as an indicator of Wishpond's performance. The Company defines "Adjusted EBITDA" as Loss before income taxes less interest, depreciation and amortization, remeasurement of contingent consideration liability, filing fees, credit facility setup fees, earn-out remuneration, foreign currency losses (gains), acquisition related expenses, net other expenditures (income), reverse takeover listing expense, and stock-based compensation. The Company believes that Adjusted EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives.
- Monthly recurring revenue: The Company uses monthly recurring revenue, or MRR, as a directional indicator of subscription revenue going forward assuming customers maintain their subscription plan the following month. MRR is the total of all monthly subscription plan fees paid by customers in effect on the last day of that period. If customers pay for more than one month upfront, the amount is divided by the number of months in the subscription period. Discounts are deducted prior to the calculation and one-time payments and metered based charges are excluded.
- Annualized revenue run-rate: Annualized revenue run-rate, or ARR, annualizes the Company's revenue run rate. ARR is calculated by multiplying the Company's MRR by twelve.
Statements that are not reported financial results or other historical information are forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). This press release includes forward-looking statements regarding the Company, its subsidiaries and the industries in which they operate, including statements about, among other things, all information contained under the heading "Outlook" herein, expectations, beliefs, plans, future operations, origination of additional targets in which the Company may hold an interest and acquisition opportunities for the Company, business and acquisition strategies, opportunities, objectives, prospects, assumptions, including those related to trends and prospects, and future events and performance. Sentences and phrases containing or modified by words such as "expect", "anticipate", "plan", "continue", "estimate", "intend", "expect", "may", "will", "project", "predict", "potential", "targets", "projects", "is designed to", "strategy", "should", "believe", "contemplate" and similar expressions, and the negative of such expressions, are not historical facts and are intended to identify forward-looking statements. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements in this press release are reasonable and are based on, among other things, the expectations and analysis of current market trends and opportunities of management of the Company, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including, but not limited to, economic uncertainty and instability as a result of the ongoing inflation and supply chain issues, raising interest rate climate and recessionary risks, COVID-19 pandemic, Russia-Ukraine war, instability in global commodity and securities markets, shifts in consumer and institutional spending and marketing strategies, the changing global market and competition for the products and services supplied by the Company, and the additional risk factors discussed in the continuous disclosure materials of the Company which are available under the Company's profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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 Wishpond Technologies Ltd. | https://www.whsv.com/prnewswire/2022/08/24/wishpond-achieves-record-revenue-q2-2022-exceeding-20-million-annualized-revenue-run-rate/ | 2022-08-24T12:32:17Z |
Over 80 women & male allies in STEM to be celebrated on October 6th.
INDIANAPOLIS, Aug. 24, 2022 /PRNewswire/ -- Women & Hi Tech is pleased to announce over 80 nominees and applicants for its Leading Light Awards & Scholarship Gala. This signature, biennial event focuses on celebrating Indiana women in STEM - women who are risk-takers, leaders, educators, mentors, and those who are changing our local STEM landscape. At the Indiana Roof Ballroom on October 6th, the organization will announce the award and scholarship recipients at a gala celebration. As one of Women & Hi Tech's Annual Corporate Sponsors, and scholarship sponsor, Bell Techlogix is proud to help share this exciting announcement.
The theme of this year's event will be "In This Together." Indiana's STEM community continues to grow and thrive as we all come together and innovate through diverse perspectives. Women & Hi Tech envisions STEM industries transformed by collaboration, and promotes, supports, and cheers on the women and male allies making it possible. The Leading Light Awards & Scholarship Gala is a signature, biennial event to celebrate the outstanding women and male allies who are working to advance STEM fields while cultivating a diverse pipeline of talented, future STEM leaders. When we work together to level the playing field, the outcomes are more valuable to all.
The program emcee is Jennie Lopez, head of Global Recruiting and Talent Acquisition for Eli Lilly and Company. Jennie embodies "Bring Yourself to Work" in everything she does. She empowers diversity, and engages employees and organizations, to achieve new highs. Women & Hi Tech would also like to recognize and thank Eli Lilly and Company for their Signature Sponsorship of the 2022 Leading Light Awards & Scholarship Gala.
For more information about the Leading Light Awards visit https://womenandhitech.org/2022-Leading-Light-Awards/.
Equity and Inclusion Champion Award
- Angel Henry, Sr. Director of Transformation Value Management Office & DEI Vice-Chair, Genesys
- Candy Gee, Diversity and Inclusion Partner, Roche
- Holli Harrington, Senior Director of Supplier Diversity and Diversity Officer, Indianapolis Airport Authority
- Kristen Cooper, CEO and Founder, The Startup Ladies
- Sonal Sheth Zawahri, Founder, Tru You
- Stacey McCreery, Founder and CEO, ROI Search Group
OperationALL Male Allies Award
- Glenn Keller, IT Director, Countrymark
- Luke Zhang, Data Scientist, Resultant
- Michael Hineline, CEO, Make Ripples LLC
- Michael Loggins, Global Vice President, Information Technology, SMC
- Ron Frankenfield, CEO, Bell Techlogix
- Scott Bess, Executive Director, Purdue Polytechnic High Schools
Mentor Me! Award Nominees
- o Jaylan Fisher, Coach, Speaker, HR Generalist, GoalFit LLC/120Water
- o Teresa Conroy-Roth, Senior Technology & Business Executive, AXIA Consulting
- o Wendy Stein, SVP, Site Head Indianapolis, General Manager Roche Diagnostics Operations, Roche
Leadership Award Nominees
- Akilah Darden, President, The Darden Group LLC
- Christine Skaggs, Advisor in Analytical Pharmaceutical Design, Eli Lilly & Co.
- Danielle Shockey, Chief Executive Officer, Girl Scouts of Central Indiana
- Katherine Kiang, Sr. Scientist, Eli Lilly & Co.
- Linda Calvin, Tech Executive, Transcend Consulting
- Mariah Oliver, Founder & CEO, Boss Babe Network
- Melissa Lavella, Technical Support Supervisor, Roche
- Robyn Miller, Associate Director--Digital Health Application and Operations, Eli Lilly & Co.
Risk Taker Award Nominees
- Brei Cecil-Satchwell, Director of Foundation Operations, TechPoint Foundation for Youth
- Faith Rainey, Manager, Customer Support Center, Roche Diagnostics
Rising Star Award Nominees
- Jakki Kielty, Area Manager, Endress + Hauser
- Jamie Inskeep, Director of Programs, TechPoint Foundation for Youth
- Katie Obbagy, Senior Specialist - Technical Functional Excellence, Cummins Turbo Technologies
- Maria Hult, Subchapter Lead- Complaint Investigation Resolution, Roche Diagnostics
- Mariah Oliver, Digital Marketing Professional and Founder of Boss Babe Network, TeeSnap, BBN, Behind the Screen
- Marie Hendrickson, Senior Software Engineer II, Sallie Mae Bank
- Michelle Sharon, Manager, Roche Support Network Customer Support Center - Systems & Compliance, Roche Diagnostics
- Pallavi Satsangi, Global Customer Quality Engineer and North America Warehouse Quality Operations Management, Cummins Inc
- Sonal Sheth Zawahri, Founder, Tru You
- Stephanie Sponsel, Chief Operations Officer, netlogx
You Inspire Us! Award Nominees
- Akilah Darden, President, The Darden Group LLC
- Jessica Baker, Consultant Scientist, Eli Lilly & Co
- Katherine Kiang, Sr Scientist, Eli Lilly & Co
- Katie Obbagy, Senior Specialist - Technical Functional Excellence, Cummins Turbo Technologies
- Sonal Sheth Zawahri, Founder, Tru You
- Terri Trabue, Contract Analyst-Gross to Net, Roche Diabetes Care
Outstanding Educator in STEM Award Nominees
- Genevieve McLeish Petty, Computer Science Teacher, Cold Spring School
- Megha Juneja, School Support and Coach Manager, Purdue Polytechnic High Schools
- Sarah Mundy, Science Teacher, Purdue Polytechnic High Schools
- Sharita Ware, Engineering and Technology Educator, East Tipp Middle School
- Susan Elliott, STEM Teacher, Lowell Elementary
Outstanding Achievement in STEM Award Nominees
- E. ZeNai Brooks, Controller, Corporate Responsibility and Foundation, Cummins; Chief Strategy Officer, Mind Your Business Accounting and Consulting; First Lady, New Liberty Missionary Baptist Church
- Kristen Cooper, CEO and Founder, The Startup Ladies
- Rabia Khan, President, Managed System Solutions
- Sonal Sheth Zawahri, Founder, Tru You
Change the Landscape Award Nominees
- Akilah Darden, President, The Darden Group LLC
- Christine Krull, Program Director, Roche
- Dawn Rosemond, Firm Diversity Partner, Barnes & Thornburg LLP; Published Author (Boss Presence), Speaker and Founder, Reign Today
- Deborah Pollack Milgate, Partner, Barnes & Thornburg
- Sarah Burns, Senior Director, Global Scientific Communications, Eli Lilly & Co.
- Stacey McCreery, Founder and CEO, ROI Search Group
Undergraduate Scholarship Applicants
- Alivia Fields, Cellular, Molecular, and Developmental Biology, Purdue University
- Courtney Mummert, Interior Design Science, Ball State University
- Jaden Soller, Cybersecurity, Anderson University
- Jazlyn Collyear, Cybersecurity, Indiana Tech
- Jordan Clark, Engineering, Taylor University
- Odessa Lyon, Biology, Indiana University
- Rebecca Boyd, Chemistry, Purdue University
- Zoe Barnsfather, Integrative and Organismal Biology, Indiana University
- Allie McClure, Mechanical Engineering, University of Indianapolis
- Amerti Guta, Cellular and Molecular Biology and Biochemistry, DePauw University
- Audrey Harrison, Neurobiology and Physiology, Purdue University
- Corissa McClammer, Biotechnology, Ivy Tech Community College
- Danielle Cook, Information Systems, Indiana Institute of Technology
- Ella Virt, Cybersecurity, Purdue University
- Evie Iles, New Media and Informatics, IUPUI
- Gracie Hicks, Biomedical Engineering and Chemistry, Marian University
- Hannah Ruppert, Engineering, Indiana Wesleyan University
- Jadelynn Logan, Biology & Computer Science, Ball State University & Ivy Tech Community College
- Jessica Djessa, Engineering, Hanover College
- Kimeesha Graham, Electrical Engineering and Chemistry, Marian University & IUPUI
- Lauren Davis, Chemistry & Spanish, Saint Mary's College
- Lily Woeste, Biomedical Engineering and Biology, Marian University
- McKenna Stahl, Kinesiology, Purdue University
- Rashi Tyagi, Computer Science, IUPUI
- Samantha Schick, Biology with a focus in Pre-Veterinary Medicine, Franklin College
- Sara Lake, Nursing, Manchester University
- Summer Sexton, Informatics, Media Arts, and Science, IUPUI
- Stephanie Lawrence, Computer Science and Mechanical Engineering, Marian University & Purdue University
Graduate Scholarship Applicants
- Anusuya Das, Law. IU McKinney School of Law
- Jalynn Gorman, Occupational Therapy, Huntington University
- Kelly Orze, Physician Assistant Studies, Franklin College
- Kimberly Wheaten, Epidemiology - Concentration in Diabetes and Cancer, IUPUI
- Lovette Coston, Information Systems, Indiana Wesleyan University
- Mariah Judy, Physical Therapy, University of Indianapolis
- Michiko Jackson, Information and Communication Sciences, Ball State University
Professional Development Grant Applicants
- LaJoi Robinson, Startup Ladies Membership
- Dinah Allen, UX/UI Design Certificate
Women & Hi Tech is a 501(c)3 nonprofit organization founded in Indianapolis in 1999. Women & Hi Tech is a pillar of the Indiana STEM community and provides valuable resources to STEM professionals and students. With a membership of almost 2000 professionals and students operated by an all-volunteer working Board of Directors and Emeritus Members, Women & Hi Tech is the only non-profit organization founded and focused in Indiana that is dedicated to changing the landscape of women represented in STEM to be equally inclusive to all.
Bell Techlogix provides transformational Next Generation Digital Workplace and Infrastructure Management solutions to large and mid-market enterprises, as well as the public sector. With services that build, integrate and support the next wave of operational transformation Bell Techlogix provides a true client partnership and an enhanced digital experience. Bell Techlogix provides a flexible approach that is globally capable but locally oriented that will systematically allow you to achieve growth, cost-savings and acceleration of your business.
For more information on Bell Techlogix, please visit us on the web at https://belltechlogix.com/industry-solutions/education/, follow us on Twitter, like us on LinkedIn or Facebook.
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More than 200 chargers planned at 10 properties in 2022
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Xeal, a leading provider of electric vehicle (EV) charging stations and smarter technology for the multifamily industry, today announced a partnership with Stoneweg U.S., LLC (Stoneweg US), a real estate investment firm specializing in multifamily acquisitions and developments, to install more than 100 charging stations at 10 of Stoneweg US' properties. The deal will add 40 chargers at two properties in Florida, more than 40 at four properties in Kentucky and over 19 at one property in North Carolina.
Stoneweg US believes Xeal's vanguard all-in-one solution aligns with Stoneweg US' Environmental, Social and Governance (ESG) strategy and commitment to enhancing the resident experience at the properties it owns. The partnership with Xeal will enable Stoneweg US to meet its goals while future-proofing its properties to meet current and upcoming charging demands, ensuring that residents and visitors have access to the most intelligent charging technology available.
"It was important for us to implement a system that would provide consistent reliability and 100% uptime to guarantee the high-quality EV charging experience management wants for its residents," said Thomas Stanchak, Director of Sustainability for Stoneweg US. "We were extremely impressed with Xeal's flawless, innovative, and resilient infrastructure and approach. Stoneweg US is confident that this partnership will allow us to continue to drive our sustainability initiatives and goals forward, while delivering the exceptional value we've pledged to our stakeholders."
Xeal's charging platform relies on its patent-pending Apollo protocol, which uses encrypted tokens and distributed ledger technology for connectivity, eliminating the need for an active internet connection to a central server. The self-reliant Apollo protocol also eliminates the need for costly IT/network infrastructure and upgrades entirely, reducing capex and maximizing ROI.
The simple, user-friendly platform ensures residents can operate the charging stations through token-based connectivity via distributed smartphones, rather than rely on notoriously unreliable WiFi or cellular connection to a single point of failure. Xeal's holistic power optimization technology also empowers owner/operators the ability to install up to 3x as many charging stations without electrical upgrades.
"Stoneweg US understands the role it plays in supporting the environment and the explosive growth of electric vehicles and that Xeal's EV charging technology and self-reliant communication architecture is the most dependable and environmentally-conscious investment for their residents and visitors now and into the future," said Regan Hartley, Vice President of Sales at Xeal. "Our partnership will enable Stoneweg US to offer sufficient charging for today's EV drivers and demonstrate exceptional leadership for the multifamily industry."
Xeal is a hyper-growth, venture-backed technology startup headquartered in New York City. Xeal offers multifamily and commercial real estate owners and operators the ability to seamlessly install smart EV charging in their communities with little to no infrastructure upgrades. Clients manage these smart EV charging stations remotely through Xeal's dashboard, providing real-time data on charging sessions, energy management, utilization, and revenue share. Xeal's driver app employs a token-based technology for EV drivers to gain reliable access to charging stations without relying on cellular or garage IT infrastructure. Through Apollo, a groundbreaking decentralized communication protocol, building owners can remotely control and monitor smart charging stations through a bi-directional management channel between user smartphones and EV chargers to establish a more secure, reliable, and cost-effective way to stay connected. Xeal delivers an entirely self-sufficient smart charging experience for drivers, enabling 100% uptime, 50x faster processing speed, and a frictionless user experience. Experience Xeal's recent deployments here or visit www.xealenergy.com for more information.
Stoneweg US is a multifamily real estate investment firm located in the heart of downtown St. Petersburg, FL, with a portfolio valuation of approximately $2 Billion comprised of ~15,000 units. Dedicated to redefining multifamily housing, Stoneweg US acquires and develops communities through sustainable housing solutions and proven value-add strategies to drive healthy returns and enhance the resident experience. For more information on Stoneweg US, please visit: www.stoneweg.us
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SOURCE Xeal | https://www.whsv.com/prnewswire/2022/08/24/xeal-partners-with-stoneweg-us-ev-charging-rollout/ | 2022-08-24T12:32:31Z |
VANCOUVER, BC, Aug. 24, 2022 /PRNewswire/ - Xebra Brands Ltd. ("Xebra") (CSE: XBRA) (OTCQB: XBRAF) (FSE: 9YC), a cannabis company, is pleased to announce that its Vicious Citrus brand of cannabis-infused lemonades is now officially retailing in Canada and available for purchase in the province of Ontario, with more provinces to follow in the coming days and weeks.
Ontario's +1,300 cannabis retailers can now make purchase orders of Vicious Citrus through the Ontario Cannabis Store (OCS) online at www.ocs.ca, and consumers can start purchasing Vicious Citrus at their favorite licensed retailer now.
"Based on positive initial feedback from retailers, initial orders from the OCS, and demand from other provinces, Vicious Citrus will expand rapidly across Canada Anticipating strong sell-through we are already producing inventory to restock the shelves across the country", said Jay Garnett, CEO of Xebra.
Vicious Citrus is a non-carbonated THC infused lemonade beverage, with a tangy citrus flavour and a 5:1 THC / CBN ratio. With the maximum amount of psychoactive cannabinoids allowed in any Canadian listed beverage, Vicious Citrus combines 10mg of THC with 2mg of CBN (Cannabinol) and is one of only a few beverages in Canada containing CBN, a unique cannabinoid that is booming in interest across North America. More about Vicious Citrus at: www.viciouscitrus.com.
Xebra is a cannabis cultivation and product company, with global brands and intellectual property. Our focus includes beverages, wellness and leisure. Xebra is an absolute first mover in the Mexican cannabis sector. In Canada, Xebra retails its unique Vicious Citrus OG THC/CBN Lemonade and plans to launch additional beverage products in the near future.
Jay Garnett
CEO
Certain information contained in this press release constitutes forward-looking statements under applicable securities laws. Any statements that are not statements of historical fact may be deemed to be forward-looking statements, these include, without limitation, statements regarding Xebra Brands Ltd.'s expectations in respect of its ability to successfully execute its business plan or business model; its ability to provide economic, environmental, social, or any benefits of any type, in the communities it operates in or may operate it in the future; its ability to be a first mover in a country, or to obtain or retain government licenses, permits or authorizations in general, or specifically in Mexico, Colombia, Canada, or elsewhere; its ability to successfully apply for and obtain trademarks and other intellectual property in any jurisdiction; its ability to be cost competitive; its ability to commercialize, cultivate, grow, or process hemp or cannabis in Mexico, Colombia, Canada, or elsewhere and related plans and timing; its ability to manufacture cannabis beverages, wellness products, or other products; its ability to commercialize or sell cannabis beverages, wellness products, or other products, in Mexico, Colombia, Canada, or elsewhere; its ability to launch, commercialize or to sell Vicious Citrus Lemonade or any additional cannabis infused beverage brands or products, at any time, in any jurisdiction, and its related plans and claims, including market interest and availability; its ability to commercialize or to sell Elements wellness products in any jurisdiction at any time; its ability to create wellness products that have a therapeutic effect or benefit; plans for future growth and the direction of the business; financial projections including expected revenues, gross profits, and EBITDA (which is a non-GAAP financial measure); plans to increase product volumes, the capacity of existing facilities, supplies from third party growers and contractors; expected growth of the cannabis industry generally; management's expectations, beliefs and assumptions in general, including manufacturing costs, production activity and market potential in Mexico or any jurisdiction; events or developments that XEBRA expects to take place in the future; general economic conditions; and other risk factors described in the prospectus of the Company dated September 30, 2021. All statements, other than statements of historical facts, are forward-looking information and statements. The words "aim", "believe", "expect", "anticipate", "contemplate", "target", "intends", "continue", "plans", "budget", "estimate", "may", "will", and similar expressions identify forward-looking information and statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by XEBRA as of the dates of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to, the inability of XEBRA to generate sufficient revenues or to raise sufficient funds to carry out its business plan; changes in government legislation, taxation, controls, regulations and political or economic developments in various countries; risks associated with agriculture and cultivation activities generally, including inclement weather, access to supply of seeds, poor crop yields, and spoilage; compliance with import and export laws of various countries; significant fluctuations in cannabis prices and transportation costs; the risk of obtaining necessary licenses and permits; inability to identify, negotiate and complete a potential acquisition for any reason; the ability to retain key employees; dependence on third parties for services and supplies; non-performance by contractual counter-parties; general economic conditions; and the continued growth in global demand for cannabis products and the continued increase in jurisdictions legalizing cannabis; and the timely receipt of regulatory approval for license applications. In addition, there is no assurance Xebra will: be a low-cost producer or exporter; obtain a dominant market position in any jurisdiction; have products that will be unique; launch other Vicious Citrus SKUs; or monetize any asset sales from its Colombian and Dutch subsidiaries. The foregoing list is not exhaustive and XEBRA undertakes no obligation to update or revise any of the foregoing except as required by law. Many of these uncertainties and contingencies could affect XEBRA's actual performance and cause its actual performance to differ materially from what has been expressed or implied in any forward-looking statements made by, or on behalf of, XEBRA. Readers are cautioned that forward-looking statements are not guarantees of future performance and readers should not place undue reliance on such forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those set out in such statements.
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SOURCE Xebra Brands Ltd. | https://www.whsv.com/prnewswire/2022/08/24/xebras-vicious-citrus-cannabis-infused-lemonade-now-selling/ | 2022-08-24T12:32:37Z |
SHANGHAI, Aug. 24, 2022 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced a proposed offering (the "Notes Offering") of US$870 million in aggregate principal amount of convertible senior notes due 2027 (the "Notes"), subject to market conditions and other factors. The Company intends to grant the initial purchaser in the Notes Offering an option, exercisable for settlement within a 13-day period, beginning on and including the date of the Notes Offering, to purchase up to an additional US$130 million in aggregate principal amount of the Notes.
The Company plans to use a portion of the net proceeds from the Notes Offering to pay the cost of the capped call transactions as described below. The Company plans to use the remainder of the net proceeds from the Notes Offering for (i) enhancement of the scale and capability of our logistics operations; (ii) investment in the logistics ecosystem; and (iii) working capital and other general corporate purposes.
When issued, the Notes will be general senior unsecured obligations of ZTO. The Notes will mature on September 1, 2027, unless earlier redeemed, repurchased or converted in accordance with their terms prior to such date.
Holders may convert the Notes at any time prior to the close of business on the fifth scheduled trading day immediately preceding the maturity date. Upon conversion, the Company will pay or deliver, as the case may be, cash, the Company's American depositary shares, each currently representing one Class A ordinary share (the "ADSs"), or a combination of cash and ADSs, at its election. Holders may elect to receive Class A ordinary shares in lieu of any ADSs deliverable upon conversion, which will be fungible with the Company's Class A ordinary shares listed on the Hong Kong Stock Exchange after the resale restriction termination date (as set forth in the terms of the Notes). The interest rate, initial conversion rate and other terms of the Notes will be determined at the time of pricing of the Notes.
The Company may redeem for cash all but not part of the Notes at any time if less than 10% of the aggregate principal amount of Notes originally issued remains outstanding at such time (the "Cleanup Redemption"). The Company may also redeem for cash all but not part of the Notes in the event of certain tax law changes (the "Tax Redemption").
Holders of the Notes have the option, subject to certain conditions, to require the Company to repurchase any Notes held in the event of a fundamental change.
In connection with the pricing of the Notes, the Company expects to enter into capped call transactions with the initial purchaser and/or its affiliates and/or other financial institutions (the "Option Counterparties"). The capped call transactions are generally expected to reduce potential dilution to the ADSs and the Class A ordinary shares of the Company represented thereby upon conversion of the Notes, and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Notes, with such reduction of potential dilution and/or offset of cash payments, as the case may be, subject to a cap, and subject to the Company's ability to elect, subject to certain conditions, to settle the capped call transactions in cash (in which case the Company would not receive any ADSs from the Option Counterparties upon settlement of the capped call transactions). If the initial purchaser exercises its option to purchase additional Notes, the Company expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions. The Company has been advised that, in connection with establishing their initial hedge positions with respect to the capped call transactions, the Option Counterparties or their respective affiliates expect to purchase the ADSs and/or enter into various derivative transactions with respect to the ADSs concurrently with, or shortly after, the pricing of the Notes. The effect, if any, of this activity, including the direction or magnitude, on the market price of the ADSs or the price of the Notes will depend on a variety of factors, including market conditions, and cannot be ascertained at this time.
In addition, the Option Counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivative transactions with respect to the ADSs, the Notes or other securities of the Company and/or purchasing or selling the ADSs, the Notes or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so following any conversion of the Notes or repurchase of the Notes by the Company on any fundamental change repurchase date, the repurchase date or otherwise, in each case, if the Company elects to unwind the relevant portion of the capped call transactions early). Any of this activity could cause or avoid an increase or a decrease in the market price of the ADSs, other securities of the Company or the price of the Notes, which could affect whether the holders convert their Notes and the value of the consideration that holders will receive upon conversion of their Notes.
The Notes, the ADSs deliverable upon conversion of the Notes, if any, and the Class A ordinary shares represented thereby or deliverable upon conversion of Notes in lieu thereof, have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws. They may not be offered or sold within the United States or to U.S. persons, except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
This press release contains information about the pending Notes Offering, and there can be no assurance that the Notes Offering will be completed.
About ZTO
ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK:2057) ("ZTO" or the "Company") is a leading and fast-growing express delivery company in China. ZTO provides express delivery services as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China.
ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.
For more information, please visit http://zto.investorroom.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. ZTO may also make forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology, such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "confidence," "estimates," "likely to" and similar statements. Forward-looking statements involve inherent risks and uncertainties. Among other things, the terms of the Notes, and whether the Company will complete the Notes Offering, are forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the development of the e-commerce industry in China, its significant reliance on the Alibaba ecosystem, risks associated with its network partners and their employees and personnel, intense competition which could adversely affect the Company's results of operations and market share, any service disruption of the Company's sorting hubs or the outlets operated by its network partners or its technology system. Further information regarding these and other risks is included in ZTO's annual report on Form 20-Fs and other filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is current as of the date hereof, and ZTO assumes no obligation to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
ZTO Express (Cayman) Inc.
Investor Relations
E-mail: ir@zto.com
Phone: +86 21 5980 4508
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SOURCE ZTO Express (Cayman) Inc. | https://www.whsv.com/prnewswire/2022/08/24/zto-announces-proposed-offering-us870-million-convertible-senior-notes/ | 2022-08-24T12:32:44Z |
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