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Updates Full Year Revenue Guidance to $48 million - $50 million
ANDOVER, Mass., Sept. 8, 2022 /PRNewswire/ -- Byrna Technologies Inc. (NASDAQ: BYRN) ("Byrna" or "the Company") today announced preliminary revenue expectations for its fiscal third quarter ended August 31, 2022 ("Q3 FY2022") of $12.4 million, up 43% from the $8.7 million in sales for Q3 FY2021. This brings Byrna's year-to-date sales for fiscal year 2022 ("FY2022") to $32 million. The backlog of unshipped orders at the end of the quarter was $1.65 million. These orders are expected to ship in September.
Byrna saw significant growth in Amazon.com sales this quarter, up $1.65 million (or 3,500%) compared to Q3 FY2021 and up $600k (or 50%) compared to last quarter (Q2 FY2022). Dealer Sales were also up $900K (or 75%) this quarter as compared to Q3 FY2021. This is primarily due to the Byrna range of products now being offered in such well known chain stores as Bass Pro Shops and Sportsman's Warehouse. In addition, Fox Labs, which was acquired on May 25, 2022, added $410K in sales of Fox Labs branded pepper sprays this quarter.
For Q3 FY2022, the sales breakdown was as follows:
- Byrna.com - $6.0 million
- Amazon.com - $1.7 million
- Dealer / Distributor - $2.1 million
- International - $2.1
- Law Enforcement - $135K
- Fox Labs - $410K
Management Commentary
Bryan Ganz, CEO of Byrna, stated that "despite the strong year-over-year performance, and despite hitting our internal goal for the quarter (if we add both booked sales for the quarter and our open order backlog at the end of the quarter), towards the end of Q3 we started to see clear signs of a softening economy with dealer sales slowing considerably. With higher prices for everything from rent to food to fuel, we expect to see continued softening in demand for all manner of discretionary goods including Byrna's range of self-defense products. Accordingly, we are revising our Q4 FY2022 revenue projections to $16.0 million to $18.0 million. While this is still a 43% increase over Q4 FY2022 (at the lower end of the range), it is less than we had originally projected and, as a result, we are updating our full year revenue guidance to an updated range of $48 million to $50 million for the current fiscal year ending November 30, 2022 ("FY 2022")."
"Even with a softening economy, we expect to see continued strong top line growth this quarter and into 2023 as Byrna continues to benefit from growing brand awareness. We can see evidence of increased consumer awareness in our web traffic numbers. For the first nine months of 2022, Byrna registered 5.7 million web sessions on Byrna.com and another 2.3 million on Amazon.com for a total of 8.0 million web sessions. This compares to 4.2 million web sessions during the same period last year. While we are extremely pleased with our growing brand awareness and the increasing number of visitors to both Byrna.com and the Byrna store on Amazon.com, we believe that we are just scratching the surface and there is tremendous room for continued growth."
"Late this past quarter we rolled out our new Byrna pepper spray, "Byrna Bad Guy Repellent" (BGR) on Byrna.com. "Byrna Bad Guy Repellent" will be available on Amazon.com later this month. With the arrival of the dealer packaging and display stands, we have started shipping BGR to our dealers. We expect this price point product to be a strong seller for Byrna during the upcoming holiday shopping season for both DTC and brick & mortar sales."
As customary, Byrna will be issuing full quarterly results along with our 10-Q the second week of October and we will schedule our earnings call shortly.
About Byrna Technologies Inc.
Byrna is a technology company, specializing in the development, manufacture, and sale of innovative non-lethal personal security solutions. For more information on the Company, please visit the corporate website here or the Company's investor relations site here. The Company is the manufacturer of the Byrna® SD personal security device, a state-of-the-art handheld CO2 powered launcher designed to provide a non-lethal alternative to a firearm for the consumer, private security, and law enforcement markets. To purchase Byrna products, visit the Company's e-commerce store.
Forward Looking Information
This news release contains "forward-looking statements" within the meaning of the securities laws. All statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as "plans," "expects," "intends," "will," "anticipates," and "believes" and statements that certain actions, events or results "may," "could," "would," "should," "might," "occur," or "be achieved," or "will be taken." Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking statements in this news release include but are not limited to the Company's anticipated results for the third quarter of fiscal 2022 and full fiscal year 2022, and their associated drivers, the anticipated shipping timeline for backlogged orders, expected softening in demand for Byrna products, expectations regarding top line growth in the fourth fiscal quarter and in fiscal year 2023, the expected timing for availability of "Byrna Bad Guy Repellent" on Amazon.com, expected price points for Byrna products during the holiday shopping season and the timing of the earnings release and earnings call with respect to the third fiscal quarter of 2022. Forward-looking statements are not, and cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates, and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied.
Any number of risk factors could affect our actual results and cause them to differ materially from those expressed or implied by the forward-looking statements in this news release, including, but not limited to, accounting adjustments or changes in estimates during preparation of the financial statements for fiscal year 2022, pandemic-related factors, changes in estimates of demand for our product during the remainder of fiscal year 2022, prolonged, new, or exacerbated disruption of our supply chain, strikes or other causes of interruption of postal delivery services, determinations by third party controlled distribution channels, including Amazon, not to carry or reduce inventory of our products, potential cancellations of existing or future orders including as a result of any fulfillment delays, delays in new product introductions, introduction of competing products, negative publicity, lower dealer sales, broader economic disruption that causes reduced demand for discretionary goods, product design defects or recalls, enforcement proceedings or other regulatory or legal developments, future restrictions on the Company's cash resources, or other factors. The order in which these factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive; accordingly, any forward-looking statements contained herein should not be relied upon as a prediction of actual results. Investors should carefully consider these and other relevant factors, including those risk factors in Part I, Item 1A, ("Risk Factors") in our most recent Form 10-K, should understand it is impossible to predict or identify all such factors or risks, should not consider the foregoing list, or the risks identified in our SEC filings, to be a complete discussion of all potential risks or uncertainties, and should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise any forward-looking information, except as required by applicable law.
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SOURCE Byrna Technologies Inc. | https://www.whsv.com/prnewswire/2022/09/08/byrna-technologies-announces-preliminary-third-quarter-revenues-124-million-up-43-2021/ | 2022-09-08T12:25:47Z |
The acquisition is on behalf of a Delaware statutory trust investment offering that seeks to raise $73.1 million in equity from accredited investors
ASHEVILLE, N.C., Sept. 8, 2022 /PRNewswire/ -- Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and a developer of mixed-use multifamily communities, today announced the acquisition of Asheville NC Apartment Portfolio, a two-property multifamily portfolio comprised of a total of 305 apartment homes in Asheville, North Carolina. The portfolio was acquired on behalf of CS1031 Asheville NC Apartment Portfolio, DST, a private placement offering that seeks to raise $73.1 million in equity from accredited investors and has a minimum investment requirement of $50,000.
"Once again, Capital Square remains ahead of the curve with this two-property multifamily acquisition in Asheville, North Carolina," said Louis Rogers, founder and chief executive officer of Capital Square. "Asheville has a strong economy in a bucolic environment. With apartment rents increasing 25%, Asheville has experienced the strongest growth in multifamily rental rates of any metro in North Carolina, according to WTVD. This makes the Asheville NC Apartment Portfolio an excellent option for investors seeking stable cash flow and appreciation."
Asheville NC Apartment Portfolio includes the 253-unit River Mill Lofts, located at 100 River Mill Drive, and the 52-unit Skyloft Apartments, located nearby at 500 S Skyloft Drive. The 10.887-acre portfolio offers one-, two- and three-bedroom units averaging 1,120 square feet. The spacious floorplans include high-end finishes such as granite countertops, stainless-steel appliances and subway tile backsplashes. Community amenities at River Mill Loft include access to the scenic Swannanoa River, a well-appointed clubhouse and a swimming pool. Skyloft Apartments residents may enjoy an outdoor fire pit and community grilling area and a fenced pet park. Both properties are within a ten-minute drive of downtown Asheville.
Known for its sweeping mountain views and beautiful scenery, Greater Asheville is home to more than a million acres of protected wilderness, offering hiking, biking, paddling and many other activities to its residents. Mission Health, an operating division of HCA Healthcare, and North Carolina's largest health system is located in Asheville. The system's flagship medical center, an 815-bed Mission Hospital, is less than two miles from each property. It ranks as the top employer in Asheville and western North Carolina, employing more than 10,000 people.1 Aerospace manufacturer, Pratt & Whitney, is currently investing $650 million to build a one-million-square-foot advanced manufacturing center, approximately three miles from the property. The facility is expected to open by the end of 2022 and is forecasted to add 800 local jobs, with an annual payroll of nearly $55 million.1,2
"With a 2.8% unemployment rate, historical sites, and stunning views, Asheville is a compelling location," said Whitson Huffman, chief strategy and investment officer. "The city has a thriving economy and is an excellent place for those seeking the prototypical live-work-play balance."
Biltmore Village, a historical enclave at the entrance to the Biltmore Estate, is within walking distance of River Mill Lofts. The village was modeled after an English village and features numerous shops, nearly a dozen restaurants and cafes and several craft breweries. Both properties are located near downtown Asheville, which is known for its prolific food scene, having just been named the top food destination in the U.S. for 2022 by Travel & Leisure.
Michael Saclarides, Devin Bryan and Jacqui Aaron of Cushman & Wakefield were the brokers in the transaction.
Since its founding in 2012, Capital Square has acquired 154 real estate assets for over 6,000 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.
Sources: 1. https://www.ashevillechamber.org/wp-content/uploads/2021/01/EDC-FS-Major-Employers-2021.pdf | 2. https://www.citizen-times.com/story/news/local/2020/10/31/pratt-whitneys-650-m-asheville-plant-expected-spawn-more-investment/6075798002/
About Capital Square
Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). In recent years the company has become an active developer of multifamily and mixed-use properties in the southeastern US, with nine current projects totaling approximately 2,000 apartment units with a total development cost in excess of $600 million. Since 2012, Capital Square has completed more than $6 billion in transaction volume. Capital Square's related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for six consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and their "Fantastic 50" reports in 2019 and 2020. To learn more, visit www.CapitalSq.com.
Disclaimer: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Diversification does not guarantee profits or protect against losses. Private placements are speculative.
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SOURCE Capital Square | https://www.whsv.com/prnewswire/2022/09/08/capital-square-acquires-two-property-multifamily-portfolio-asheville-north-carolina-dst-offering/ | 2022-09-08T12:25:54Z |
KAYSVILLE, Utah, Sept. 8, 2022 /PRNewswire/ -- hh2 Cloud Services ("hh2" or "the Company"), a leading provider of software for the construction industry, today announced the appointment of Norbert Orth to the Company's Board of Directors. Mr. Orth will work with hh2's executive leadership team to help further define market and product strategy, and scale operations to meet industry demand. hh2 is backed by Capstreet, a Houston-based lower middle market private equity firm.
"With 25 years of experience as a CEO, board member and advisor at a range of companies, including many years at construction software firms, Norbert brings important perspective to hh2 as we move into the next stage of growth," said Jamie Clymer, CEO of hh2. "I'm honored to welcome Norbert to our Board of Directors."
Based in Seattle, Mr. Orth was previously COO of Viewpoint, a Portland-based construction software firm specializing in integrated construction accounting and project management solutions. Mr. Orth was also CEO of Dexter + Chaney, a Seattle-based construction software firm, which Viewpoint acquired. Prior to Dexter + Chaney, he held a variety of executive leadership roles including CEO of venture-backed MessageGate, Vice President of Sales at WRQ, and Regional Director at Procter & Gamble. Mr. Orth is a board member and mentor for several software companies and is actively involved in numerous philanthropic causes.
"I've witnessed firsthand the tremendous growth potential in the construction technology industry, and I believe hh2 is uniquely positioned to be a disruptor in this space," said Mr. Orth. "I'm looking forward to partnering with Jamie and the team at Capstreet to apply best practices for setting strategy, creating value and delivering results."
Added Capstreet Partner Paul De Lisi, "Norbert has tremendous industry knowledge in the construction software industry and will be extremely helpful to the senior management team in setting the strategic direction for the company. We are excited to be working with Norbert to assist hh2 in achieving its growth potential."
After nearly two decades, hh2 Cloud Services® continues to advance cloud-based construction management solutions for the commercial construction space. hh2 offers solutions for time-entry, punch clock, AP routing & approval, credit card transaction coding, reimbursement coding, document routing & approval, applications for payment, human resources, daily logs, service management, dispatch, data aggregation, and pay stubs. hh2 also provides robust, scalable, construction integration-platform-as-a-service (iPaaS) with the Universal Construction Model® (UCM®). Please visit www.hh2.com for more information.
Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With over 45 platform investments and over 200 add-on acquisitions since inception, Capstreet's investment strategy is focused on utilizing its Capvalue Framework™ to accelerate growth and profitability and create long term sustainable businesses. The majority of Capstreet's investments have been with founder- or entrepreneur-owned businesses. For more information, visit the Capstreet website, www.capstreet.com.
Contact:
Lambert
Jennifer Hurson, 845-507-0571, jhurson@lambert.com
or
Joanne Lessner, 212-222-7436, jlessner@lambert.com
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SOURCE hh2 Cloud Services and Capstreet | https://www.whsv.com/prnewswire/2022/09/08/capstreet-backed-hh2-cloud-solutions-appoints-norbert-orth-board-directors/ | 2022-09-08T12:26:00Z |
VENICE, Calif., Sept. 8, 2022 /PRNewswire/ -- CareRev, a marketplace platform that empowers healthcare professionals to take control of their careers, has appointed Filiz Genca as its Chief Operating Officer (COO). In her role, Genca will be responsible for the operational functions of the business, in addition to her previous responsibilities leading product development and scaling operations and implementation teams to deliver an exceptional user experience for health system partners and CareRev's growing network of healthcare professionals.
"I'm continuously blown away by the passion and authenticity of the CareRev team," said Genca. "As we look for ways to help uplift and strengthen the healthcare community, our goal is to empower qualified nurses, certified nursing assistants, and technicians to stay in their field and deliver care in their communities, while finding the flexibility they're looking for. Being able to connect directly with hospitals to provide additional staffing support, while designing their own schedule, is key. The CareRev team is building an outstanding product in line with our mission to create a sustainable future for healthcare professionals - this inspires me daily to show up and deliver value with our technology."
Genca has over 15 years of experience working in product development, omni-channel marketplace strategy and operations, business consulting, and data analysis. Prior to CareRev, Genca spent over a decade as a leader at Amazon in HR tech, Amazon Go, Grocery, and multiple verticals within the Amazon retail marketplace, managing multi-million dollar P&Ls, operations, and marketing across both e-commerce and physical retail business units. Genca has also led product and analytics teams building digital tools and products for both internal and external customers.
At CareRev, Genca is working to create a best-in-class user interface for healthcare facilities to access, engage and activate qualified professionals on-demand, while creating an easy, convenient resource for professionals to upload and manage credentials, explore opportunities, and sign up for shifts. She is focused on principles of customer obsession and working backwards from customer needs as CareRev's platform and its applications continue to scale. Genca's appointment to COO follows several key executive hires among CareRev's growing leadership team in recent months.
"Filiz's expanded role is a reflection of her incredible work thus far. I admire her ability to focus on a long-term vision, while encouraging creativity and flexibility in her team's execution," said Will Patterson, CEO of CareRev. "I'm confident that Filiz's passion for building intuitive and easy-to-use products and her ability to execute based on the needs of our health system partners and our professionals will be key drivers of success of our product team and CareRev's platform."
CareRev is a marketplace platform that empowers clinical professionals to take control of their careers. CareRev provides a direct line between healthcare facilities and local clinical talent, cutting out the middleman and enabling professionals to work where and when they want. Together, we're building the local, resilient, flexible healthcare workforce of the future. CareRev serves over 32 major metropolitan areas nationwide at over 70 hospitals and health systems, and over 540 outpatient centers and skilled nursing facilities. More than 22,000 clinical professionals (and growing!) are included in CareRev's network. For more information, visit www.carerev.com or follow us on LinkedIn.
Contact
Anneka Meyer, 120/80 MKTG
anneka@120over80mktg.com
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SOURCE CareRev | https://www.whsv.com/prnewswire/2022/09/08/carerev-appoints-chief-operating-officer-filiz-genca-drive-daily-business-operations-product-development-user-experience-transformations/ | 2022-09-08T12:26:07Z |
Driven by investor research and innovative design, Wealth InFocus is transforming digital and print client communications and increasing investor engagement with a simpler, intuitive and actionable experience
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- To better engage investors, empower advisors and accelerate digital transformation in the wealth management industry, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) launched Wealth InFocus, a next-gen wealth communications experience designed on a foundation of investor research, with Cetera Financial Group (Cetera) as the first client. This new approach toward wealth communications provides a better digital experience according to 78% of Cetera's surveyed pilot clients, and 88% of respondents would like to receive a Wealth InFocus digital communication on an ongoing basis.
"Wealth InFocus is a cutting-edge communications experience that is already improving client engagement, enhancing investor connections with advisors and driving digital transformation, which makes Cetera even more unique in a crowded, legacy landscape," said Tom Gooley COO of Cetera. "We are excited to be the first firm to go live with this innovative communications experience and are empowering our clients and their financial well-being with the information that is most important to them while delivering solutions to our advisors that reinforce the value they bring to their clients. This underscores Cetera's deep commitment to providing our financial professionals with simple and impactful solutions, so they have more time to grow their practices, enjoy their families and serve their clients."
Wealth InFocus is designed to take an investor-centric approach by consolidating, aggregating and presenting the most important information across various account and regulatory communications, including statements, confirms, proxies and prospectuses. Replacing traditional static communications, Wealth InFocus creates a new holistic experience, making it easier for investors to consume and better understand account details while providing advisors with new opportunities to reinforce their value and communicate directly with their clients. Investors can quickly and securely contact an advisor, view key account information, gain insights, and review action items and events across channels, including email, text, microsites and print, according to their preferences.
"Broadridge continues to pioneer a suite of digital capabilities, such as Wealth InFocus, to make investor communications more intuitive, convenient and understandable while strengthening relationships among investors, advisors and wealth management firms across digital and physical channels," said Doug DeSchutter, President of Broadridge Customer Communications. "Given Broadridge's investment and expertise in wealth management, customer and regulatory communications, and digital transformation, we are uniquely positioned to provide Cetera and the wealth management industry with the data and technology to transform communication experiences for investors while significantly reducing costs and increasing efficiencies for firms."
Built upon the Cloud and an API-driven infrastructure, Wealth InFocus is proving to deepen omni-channel engagement and connections for investors, advisors and wealth management firms.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion in equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.
For more information about Broadridge, please visit www.broadridge.com.
About Cetera Financial Group®
Cetera Financial Group (Cetera) is a leading financial services firm whose purpose is to enable the delivery of best-in-class financial advice to as many Americans as possible. Cetera empowers its financial professional communities to help clients achieve their version of financial wellbeing through the Advice-Centric Experience®. Cetera proudly serves independent financial professionals, tax professionals, banks and credit unions in providing wide-ranging financial planning and wealth management services.
Cetera oversees approximately $353 billion in assets under administration and $122 billion in assets under management, as of December 31, 2021.
Visit www.cetera.com, and follow Cetera on LinkedIn, Twitter and Facebook.
"Cetera Financial Group" refers to the network of independent retail firms encompassing, among others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), Cetera Financial Specialists LLC, and First Allied Securities, Inc. All firms are members FINRA/SIPC. Located at: 655 W. Broadway, 11th Floor, San Diego, CA 92101.
Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media:
Gregg Rosenberg
Corporate Communications, Broadridge
(212) 918-6966
Gregg.Rosenberg@broadridge.com
Ryan Hoffman
Ryan.hoffman@Cetera.com
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SOURCE Broadridge Financial Solutions, Inc. | https://www.whsv.com/prnewswire/2022/09/08/cetera-financial-group-first-launch-broadridge-next-gen-client-communications-experience-leveraging-data-analytics-better-investor-engagement/ | 2022-09-08T12:26:14Z |
People analytics company honored for building outstanding experiences for remote workforce
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- ChartHop, the leader in people analytics transforming the way companies manage and support their people, today announced its recognition as one of Quartz's Best Companies for Remote Workers in 2022. This marks ChartHop's first year on the list of top-ranked companies for remote workers who are embracing the future of distributed work.
"As a remote-first company, ChartHop leads with the guiding principles of transparency, trust, and inclusion to ensure employees feel engaged and valued," said Ian White, founder and CEO of ChartHop. "This achievement underscores our commitment to investing in our employees and providing the support they need to grow personally and professionally in a remote environment. ChartHop will continue to champion remote employees and develop solutions to support a distributed workforce."
In a recent McKinsey & Company survey, 35% of respondents reported that they work fully remote, while 23% work in a hybrid environment. The adoption of remote and hybrid work environments continues to grow as organizations look to create new work norms. This recognition further emphasizes ChartHop's commitment to empowering all organizations and their people, from executives to individual contributors to every employee in between, with the People data and solutions they need to thrive in a remote work environment.
"Companies at the vanguard of remote work helped show everyone else how to do it. Now we are seeing their best practices replicated across industries, at companies of all sizes," said Quartz executive editor Heather Landy. "The companies on our ranking are putting their remote policies to use as a recruiting and retention play, as a tool for diversifying their talent pool, and as a performance strategy. Our second annual ranking honors businesses that have gone above and beyond in ensuring that their remote workers have the tools they need, from technology stipends to wellness perks, to do their jobs effectively."
Employers were invited to apply for recognition in the second global ranking of best companies for remote workers, conducted through a survey that assesses employee sentiment and company practices to determine recognition and ranking. The full ranking for 2022 can now be found on the Quartz website.
The recognition comes following a year of significant growth for ChartHop, including its new offering, Compensation Reviews, and acquisition of Gather, a people operations workflow builder. In addition, ChartHop welcomed key executives, Ivori Johnson, Director of Diversity, Equity, Inclusion and Belonging (DEIB), Matt Wolf, Chief Financial Officer, Justin Garrity, Vice President of Product, and Paul Szemerenyi, Chief Sales Officer.
For more information about ChartHop, please visit charthop.com.
About Quartz Media:
Quartz is a digitally native news organization with a mission to make business better. Our journalists around the world specialize in analysis of the global economy for an audience of purpose-driven professionals. We help our readers discover new industries, new markets, and new ways of doing business that are more sustainable, innovative, and inclusive. Quartz is the top business publication for global executives ages 25-45, and we have been a pioneer in premium, mobile-first, native advertising experiences since our founding in 2012.
About ChartHop:
ChartHop is transforming the way companies manage and support their people. By seamlessly consolidating and visualizing disparate sources of people data into one powerful people analytics platform, ChartHop creates more informed, empowered, and connected organizations. From executives to individual contributors to every employee in between, ChartHop is designed for everyone in the organization.
ChartHop plays well with dozens of platforms through robust integrations across the HR tech stack, and serves companies like 1Password, BetterCloud, Starburst, and InVision. Founded in 2019 by Ian White, ChartHop is backed by Andreessen Horowitz. Visit ChartHop.com to learn more and follow ChartHop on Twitter and LinkedIn.
Media Contact:
BLASTmedia for ChartHop
Gracie Noel
317.806.1900 ext. 175
charthop@blastmedia.com
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SOURCE ChartHop | https://www.whsv.com/prnewswire/2022/09/08/charthop-named-quartz-best-company-remote-workers/ | 2022-09-08T12:26:20Z |
BEIJING, Sept. 8, 2022 /PRNewswire/ -- A news report from chinadaily.com.cn:
Participants in the fourth China-Arab Trade and Investment Summit on Wednesday hailed cooperation between China and Arab nations, saying that it has displayed great vitality and resilience amid the uncertainty and instability in today's world.
At the event in Xiamen, Fujian province, they said that China-Arab cooperation will boost the high-quality development of the Belt and Road and make positive contributions to building a community with a shared future for mankind.
While delivering a video speech at the summit, Qu Yingpu, publisher and editor-in-chief of China Daily, said that from the ancient Silk Road to today's Belt and Road Initiative, China and Arab nations have never stopped learning from each other through their trade connections and people-to-people exchanges, writing a spectacular chapter in the history of human civilization.
As the national English-language newspaper, China Daily, Qu said, has been dedicated to promoting exchanges and communication between China and the rest of the world. Over the past years, it has carried out a series of cooperative efforts with Arab media and enterprises and striven to contribute to the development of ties between China and Arab nations, he added.
Qu expressed his wish that China and Arab countries would keep deepening their trade and investment cooperation, push forward the high-quality development of the Belt and Road and work together to build a China-Arab community with a shared future facing the new era.
Ali Obaid Al Dhaheri, the ambassador of the United Arab Emirates to China, said that the Arab-China connection had experienced a golden age during the 7th century, which encouraged trade to flourish and facilitated the exchange of scientific knowledge in medicines, mathematics and astronomy between the two great regions.
"Today, this complementary and mutually beneficial trade relationship has been reestablished, developing into what could be considered a second golden age in China-Arab relations, best exemplified by the comprehensive strategic partnership between the UAE and China," he said.
Despite the impact of the COVID-19 pandemic, China remained the largest trading partner of Arab states last year, with bilateral trade standing at around $330 billion, a year-on-year increase of about 37 percent, according to official statistics.
Fahad Al Gergawi, chief executive officer of the Dubai Investment Development Agency, said that efforts to deepen cooperation and coordinate innovation between Dubai and China will help realize their respective development plans and play a positive role in upholding economic globalization.
Huang Na'en, deputy director-general of the Fujian Department of Commerce, said that the province, as the birthplace of the Maritime Silk Road, has carried out close economic and trade cooperation with Arab countries in recent years, with bilateral trade increasing by 33 percent year-on-year in the first seven months of the year.
Ge Jia, executive president of China Arab TV, said the success of the summit showed that China-Arab cooperation cannot be obstructed by the virus and the Dubai-based TV channel will continue to provide a platform and services for China-Arab economic and trade cooperation.
The summit, launched in 2019 by China Arab TV, was themed "Build an Innovation-Driven Community with a Shared Future for Global Development" this year. It was jointly supervised by China Daily and the Fujian Department of Commerce, as a sideline event of the China International Fair for Investment and Trade, which officially opens on Thursday.
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SOURCE chinadaily.com.cn | https://www.whsv.com/prnewswire/2022/09/08/china-arab-cooperation-highlighted-trade-summit/ | 2022-09-08T12:26:27Z |
CINCINNATI, Sept. 8, 2022 /PRNewswire/ -- PureCycle Technologies, Inc. (Nasdaq: PCT) and the Cincinnati Bengals are teaming up to divert more than 150,000 pieces of plastic waste from being landfilled or flowing into our waterways during this season's home games. The Bengals are the third professional football team to implement PureCycle's PureZero ™ program, a first-of-its-kind plastic waste program geared toward stadiums and entertainment venues.
Dustin Olson, CEO, PureCycle, said, "We are thrilled to work alongside the Cincinnati Bengals to help stop plastic waste from entering the local environment throughout the year. PureZero™ is a game-changing program that can help sports teams, entertainment venues, retail, and even major office employers level up their sustainability goals. The partnership will also engage fans in a variety of ways to reduce their own plastic waste footprint. Our goal is to not only recycle your gameday plastic waste, but to engage communities on the importance of sustainability. We look forward to achieving this goal with the Bengals."
No. 5 plastic (polypropylene) is a common plastic found at stadiums across America and it mostly goes unrecycled, because polypropylene is difficult and costly to recycle. Through an innovative processing technology, developed by Cincinnati-based Procter & Gamble, PureCycle removes impurities from items such as souvenir stadium cups and food containers to create an ultra-pure recycled (UPR) plastic. That plastic can then be recycled over and over again.
Brian Sells, Vice President and Chief Marketing Officer, Cincinnati Bengals, said, "We are proud to work with PureCycle on the PureZero program to help reduce plastic waste pollution and keep our region beautiful. With their purification facility located in Ohio, we can help them tackle the plastic waste issues within our own backyard."
PureCycle's partnership with the Bengals includes a multi-step approach to reducing the amount of plastic waste generated at the team's 10 home games. PureCycle will also help stock concessions with No. 5 plastic products to create a truly circular recycling system and implement an innovative sustainability plan for the team.
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PureCycle Contact
Christian Bruey
cbruey@purecycle.com
352.745.6120
Cincinnati Bengals Contact
Emily Parker
emily.parker@bengals.nfl.net
513.455.8989
PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented solvent-driven purification recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transform
polypropylene plastic waste (designated as No. 5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from No. 5 plastic waste resulting in an ultra-pure recycled (UPR) plastic that can be recycled and reused over and over again, changing our relationship with plastic.
This press release contains forward-looking statements, including statements about the financial condition, results of operations, earnings outlook and prospects of PCT. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of PCT and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of this press release. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the section of PCT's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 entitled "Risk Factors," those discussed and identified in public filings made with the U.S. Securities and Exchange Commission (the "SEC") by PCT and the following:
- PCT's ability to meet, and to continue to meet, applicable regulatory requirements for the use of PCT's UPR resin in food grade applications (both in the United States and abroad);
- PCT's ability to comply on an ongoing basis with the numerous regulatory requirements applicable to the UPR resin and PCT's facilities (both in the United States and abroad);
- expectations and changes regarding PCT's strategies and future financial performance, including its future business plans, expansion plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and PCT's ability to invest in growth initiatives;
- PCT's ability to scale and build the Ironton facility in a timely and cost-effective manner;
- PCT's ability to complete the necessary funding with respect to, and complete the construction of the Augusta facility, its first U.S. cluster facility located in Augusta, Georgia, in a timely and cost-effective manner;
- PCT's ability to sort and process polypropylene plastic waste at its plastic waste prep ("Feed PreP") facilities;
- PCT's ability to maintain exclusivity under the Procter & Gamble Company license;
- the implementation, market acceptance and success of PCT's business model and growth strategy;
- the success or profitability of PCT's offtake arrangements;
- the ability to source feedstock with a high polypropylene content;
- PCT's future capital requirements and sources and uses of cash;
- PCT's ability to obtain funding for its operations and future growth;
- developments and projections relating to PCT's competitors and industry;
- the outcome of any legal or regulatory proceedings to which PCT is, or may become a party, including the recently filed securities class action case;
- the ability to recognize the anticipated benefits of the previously announced business combination consummated on March 17, 2021;
- unexpected costs related to the business combination;
- geopolitical risk and changes in applicable laws or regulations;
- the possibility that PCT may be adversely affected by other economic, business, and/or competitive factors;
- changes in the prices and availability of labor (including labor shortages), transportation and materials, including significant inflation, and PCT's ability to obtain them in a timely and cost-effective manner;
- the potential impact of climate change on PCT, including physical and transition risks, higher regulatory and compliance costs, reputational risks, and availability of capital on attractive terms;
- operational risk; and
- the risk that the COVID-19 pandemic, including any new and emerging variants and the efficacy and distribution of vaccines, and local, state, federal and international responses to addressing the pandemic may have an adverse effect on PCT's business operations, as well as PCT's financial condition and results of operations.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of PCT prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements or other matters attributable to PCT or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this press release. Except to the extent required by applicable law or regulation, PCT undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
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Highlights technology and digital capabilities to enhance CCOH's competitive position and capture expanding out-of-home opportunity in the U.S.
Introduces expanded financial disclosures for the Americas segment, enhanced guidance for 2022 and long-term financial outlook
SAN ANTONIO, Sept. 8, 2022 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (CCOH) (NYSE: CCO) will host its first Investor Day today during which Scott Wells, Chief Executive Officer, Brian Coleman, Chief Financial Officer, and other senior leaders will discuss the Company's long-term strategy for the Americas business, including deployment of its technology and digital platform, to capture the expanding opportunity in out-of-home (OOH) advertising. Details of CCOH's expanded financial disclosures for its Americas business, enhanced guidance for 2022 and long-term financial outlook will also be presented.
"The outdoor advertising sector has evolved rapidly over the past several years, and the work we have done to innovate and modernize our asset base and operating infrastructure has resulted in a core and defensible media platform that is more relevant than ever," said Scott Wells. "Guided by our three strategic priorities of accelerating our digital transformation, improving customer centricity, and driving executional excellence, we have strengthened our competitive position, attracted more advertisers to our platform and captured greater share of advertising budgets. We are continuing to make our solutions faster to launch, easier to buy and more valuable by harnessing the power of data. Simultaneously, we are focused on increasing our operational efficiencies to drive greater margin and operating cash flow, strengthening our balance sheet and driving long-term shareholder value."
During the event, the presenters will focus on CCOH's competitive advantages and growth opportunity in its Americas business, including:
- CCOH's highly advantaged position in an established, growing advertising medium;
- Its investments in technology and digital innovations that are expanding the U.S. marketplace opportunity, including enhancing advertising sales and campaigns, expanding measurement tools and enabling programmatic capabilities that drive efficiency and data driven insights; and
- The company's attractive cash flow profile, including benefits from digital conversion, and how it enables investment in technology and accretive expansion and deleveraging opportunities.
Expanded Financial Disclosures for Americas Business
In conjunction with the Investor Day, CCOH is introducing expanded disclosures for its Americas segment. Going forward, CCOH will provide revenue and inventory metrics for its top 15 markets in the Americas segment, split by digital billboards, print billboards, digital transit and print transit. CCOH will also provide the split between digital and printed displays in its Airports business in the Americas segment. A table summarizing the revenue and inventory information for the LTM period as of Q2 2022 is included in the presentation materials for the Investor Day (see below), and the company intends to provide the disclosure on an annual basis together with its annual financial results.
CCOH is also introducing a new non-GAAP performance measure, Adjusted Funds from Operations (AFFO), to allow for greater comparability of CCOH's financial results with those of its closest peers, which are real estate investment trusts and present this measure. AFFO for the year ended 2021 and the six months ended June 30, 2022 is presented in the tables to this press release along with a reconciliation to net loss. See "Supplemental Disclosure Regarding Non-GAAP Financial Information and Segment Adjusted EBITDA" section herein for an explanation of the use of this financial measure.
Enhanced Guidance for Fiscal Year 2022
The company reaffirms all prior third quarter 2022 guidance and expects the following for the full year 2022:
- Consolidated revenue between $2,600 million and $2,635 million, excluding movements in FX1
- Americas revenue between $1,355 million and $1,375 million
- Europe revenue between $1,170 million and $1,190 million, excluding movements in FX1
- Consolidated net loss between $150 million and $123 million, excluding movements in FX1
- Adjusted EBITDA1 between $560 million and $590 million, excluding movements in FX1
- Americas Segment Adjusted EBITDA1 between $555 million and $570 million
- Europe Segment Adjusted EBITDA1 between $130 million and $145 million, excluding movements in FX1
- Consolidated cash interest payments of approximately $341 million
- Consolidated capital expenditures between $185 million and $205 million
The Company is introducing the following new non-GAAP performance measure:
- AFFO1 between $160 million and $180 million, excluding movements in FX
1 See "Supplemental Disclosure Regarding Non-GAAP Financial Information and Segment Adjusted EBITDA" section herein for an explanation of this financial measure.
Long-Term Financial Outlook
Over the next three years, CCOH expects that its pursuit of multiple avenues to drive advertising spend to OOH and its continued investment in digital deployments will drive continued growth. As a result, the company will provide certain long-term baseline growth outlooks at today's Investor Day, which are included in the presentation materials (see below).
Expected results, estimates and outlooks may be impacted by factors outside of the company's control, and actual results may be materially different from the guidance and long-term financial outlooks. See "Cautionary Statement Concerning Forward-Looking Statements."
Webcast of Today's Investor Day Presentation
CCOH's presentation will be webcasted live starting at 9:00 a.m. Eastern Time (ET) and is expected to conclude at Noon ET. The webcast and presentation materials can be accessed through Clear Channel Outdoor Holding's investor relations website at https://investor.clearchannel.com/home/default.aspx under "Events and Presentations." Presentation materials will be available on the Investor Relations section of CCOH's website today at approximately 8:30 a.m. ET. A replay of the webcast will be available following the event at the same link listed above.
About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. (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.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Clear Channel Outdoor Holdings, Inc. and its subsidiaries (the "Company") to be materially different from any future results, performance, achievements, guidance, goals and/or targets expressed or implied by such forward-looking statements. The words "guidance," "believe," "expect," "anticipate," "estimate," "forecast," "goals," "targets" and similar words and expressions are intended to identify such forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances, such as statements about our guidance, outlook, long-term forecast, goals or targets, our business plans and strategies, our expectations about certain markets, strategic review processes and our liquidity, are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict.
Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this press release include, but are not limited to: risks associated with weak or uncertain global economic conditions and their impact on the level of expenditures on advertising; heightened levels of economic inflation and rising interest rates; fluctuations in operating costs; supply chain shortages; our ability to achieve expected financial results and growth targets; the war in Ukraine and the associated global effects thereof; the continued impact of the COVID-19 pandemic on our operations and on general economic conditions; our ability to service our debt obligations and to fund our operations and capital expenditures; the impact of our substantial indebtedness, including the effect of our leverage on our financial position and earnings; industry conditions, including competition; our ability to obtain and renew key contracts with municipalities, transit authorities and private landlords; technological changes and innovations; shifts in population and other demographics; changes in labor conditions and management; regulations and consumer concerns regarding privacy and data protection; a breach of our information security systems and measures; legislative or regulatory requirements; restrictions on out-of-home advertising of certain products; the impact of the continued strategic review of our European business and assets, including a possible sale of all or a part thereof; our ability to execute restructuring plans; the impact of future dispositions, acquisitions and other strategic transactions; third-party claims of intellectual property infringement, misappropriation or other violation against us or our suppliers; the risk that indemnities from iHeartMedia will not be sufficient to insure us against the full amount of certain liabilities; risks of doing business in foreign countries; fluctuations in exchange rates and currency values; the volatility of our stock price; the effect of analyst or credit ratings downgrades; our ability to continue to comply with the applicable listing standards of the New York Stock Exchange; the ability of our subsidiaries to dividend or distribute funds to us in order for us to repay our debts; the restrictions contained in the agreements governing our indebtedness limiting our flexibility in operating our business; the phasing out of LIBOR; our dependence on our management team and other key individuals; continued scrutiny and changing expectations from investors, lenders, customers, government regulators and other stakeholders; and certain other factors set forth in our other filings with the U.S. Securities and Exchange Commission (the "SEC"). You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Other key risks are described in the section entitled "Item 1A. Risk Factors" of the Company's reports filed with the SEC, including the Company's Annual Report on Form 10-K for the year ended December 31, 2021. The Company does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.
Supplemental Disclosure Regarding Non-GAAP Financial Information and Segment Adjusted EBITDA
Non-GAAP Financial Information
This press release includes information that does not conform to U.S. generally accepted accounting principles ("GAAP"), including Adjusted EBITDA, Adjusted Corporate expenses, Funds From Operations ("FFO"), and Adjusted Funds From Operations ("AFFO"). The Company presents Adjusted EBITDA, Adjusted Corporate expenses, FFO and AFFO because the Company believes these non-GAAP measures help investors better understand the Company's operating performance as compared to other out-of-home advertisers, and these metrics are widely used by such companies in practice.
The Company defines, and uses, these non-GAAP financial measures as follows:
- Adjusted EBITDA is defined as consolidated net income (loss), plus: income tax expense (benefit); all non-operating expenses (income), including other expense (income), net, loss on extinguishment of debt, and interest expense, net; other operating expense (income), net; impairment charges; depreciation and amortization; non-cash compensation expenses included within corporate expenses; and restructuring and other costs included within operating expenses. Restructuring and other costs include costs associated with cost savings initiatives such as severance, consulting and termination costs and other special costs.
The Company uses Adjusted EBITDA as one of the primary measures for the planning and forecasting of future periods, as well as for measuring performance for compensation of Company executives and other members of Company management. The Company believes Adjusted EBITDA is useful for investors because it allows investors to view performance in a manner similar to the method used by Company management and helps improve investors' ability to understand the Company's operating performance, making it easier to compare the Company's results with other companies that have different capital structures or tax rates. In addition, the Company believes Adjusted EBITDA is among the primary measures used externally by the Company's investors, analysts and peers in its industry for purposes of valuation and comparing the operating performance of the Company to other companies in its industry.
- As part of the calculation of Adjusted EBITDA, the Company also presents the non-GAAP financial measure of "Adjusted Corporate expenses," which the Company defines as corporate expenses excluding restructuring and other costs and non-cash compensation expense.
- The Company uses the National Association of Real Estate Investment Trusts ("Nareit") definition of FFO, which is consolidated net loss before depreciation and amortization of real estate, gains or losses from the disposal of real estate, impairment of real estate and adjustments to eliminate unconsolidated affiliates and noncontrolling interest. The Company defines AFFO as FFO before (i) maintenance capital expenditures; (ii) straight-line rent effects; (iii) depreciation and amortization of non-real estate; (iv) loss on extinguishment of debt; (v) amortization of deferred financing costs and discounts; (vi) share-based compensation; (vii) deferred taxes; (viii) restructuring and other costs; (ix) transaction costs; (x) foreign exchange transaction gain or loss; (xi) non-service related pension costs or benefits; and (xii) other items including adjustment for unconsolidated affiliates and noncontrolling interest and nonrecurring infrequent or unusual gains or losses.
The Company is not a Real Estate Investment Trust ("REIT"). However, the Company competes directly with REITs that present the non-GAAP measures of FFO and AFFO and, accordingly, believes that presenting such measures will be helpful to investors in evaluating the Company's operations with the same terms used by the Company's direct competitors. The Company calculates FFO in accordance with the definition adopted by Nareit. Nareit does not restrict presentation of non-GAAP measures traditionally presented by REITs by entities that are not REITs. In addition, the Company believes FFO and AFFO are already among the primary measures used externally by the Company's investors, analysts and competitors in its industry for purposes of valuation and comparing the operating performance of the Company to other companies in its industry. The Company does not use, and you should not use, FFO and AFFO as an indication of the Company's ability to fund its cash needs or pay dividends or make other distributions. Because the Company is not a REIT, the Company does not have an obligation to pay dividends or make distributions to stockholders and does not intend to pay dividends for the foreseeable future. Moreover, the presentation of these measures should not be construed as an indication that the Company is currently in a position to convert into a REIT.
A significant portion of the Company's advertising operations is conducted in foreign markets, principally Europe, and Company management reviews the results from its foreign operations on a constant dollar basis. The Company presents the GAAP measures of consolidated revenue and revenue and Segment Adjusted EBITDA for the Europe segment, as well as the non-GAAP financial measures of Adjusted EBITDA, Adjusted Corporate expenses, FFO and AFFO, excluding movements in foreign exchange rates because Company management believes that viewing certain financial results without the impact of fluctuations in foreign currency rates facilitates period-to-period comparisons of business performance and provides useful information to investors. These measures, which exclude the effects of foreign exchange rates, are calculated by converting the current period's amounts in local currency to U.S. dollars using average foreign exchange rates for the comparable prior period.
Since these non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered in isolation of, or as a substitute for, the most directly comparable GAAP financial measures as an indicator of operating performance or, in the case of Adjusted EBITDA, FFO and AFFO, the Company's ability to fund its cash needs. In addition, these measures may not be comparable to similar measures provided by other companies. See reconciliations of consolidated net loss to Adjusted EBITDA, corporate expenses to Adjusted Corporate expenses and consolidated net loss to FFO and AFFO in the tables set forth below. This data should be read in conjunction with the Company's most recent Annual Report on Form 10-K, Form 10-Qs and Form 8-Ks. These reports are available on the Investor Relations page of the Company's website at investor.clearchannel.com.
Segment Adjusted EBITDA
The Company has two reportable segments, which it believes best reflect how the Company is currently managed: Americas and Europe. The Company's remaining operating segment, Latin America, does not meet the quantitative threshold to qualify as a reportable segment and is disclosed as "Other".
Segment Adjusted EBITDA is the profitability metric reported to the Company's chief operating decision maker for purposes of making decisions about allocation of resources to, and assessing performance of, each reportable segment. Segment Adjusted EBITDA is a GAAP financial measure that is calculated as Revenue less Direct operating expenses and SG&A expenses, excluding restructuring and other costs. Restructuring and other costs include costs associated with cost savings initiatives such as severance, consulting and termination costs and other special costs.
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SOURCE Clear Channel Outdoor Holdings, Inc. | https://www.whsv.com/prnewswire/2022/09/08/clear-channel-outdoor-holdings-inc-outline-growth-drivers-long-term-strategy-during-first-investor-day/ | 2022-09-08T12:26:40Z |
BLOOMINGTON, Minn., Sept. 8, 2022 /PRNewswire/ -- ConvergeOne, a services-led provider of cloud, collaboration and digital modernization solutions, today announced the availability of C1Conversations, its Integration Platform as a Service (IPaaS) powered by Google Cloud, on Google Cloud Marketplace. The announcement also includes a strategic sales partnership with Google Cloud to bring the benefits of ConvergeOne's next-generation customer and agent experience (C/AX) to enterprise clients seeking to accelerate their digital transformation while modernizing their existing contact center infrastructure.
ConvergeOne and Google Cloud will collaborate via the sales partnership to introduce C1Conversations to strategic contact center clients who are facing increasingly complex customer expectations. C1Conversations, designed and built on Google Cloud, allows customers to start orchestrating the integration of next-generation C/AX management capabilities in weeks, not months, thus leveraging years of accrued contact center knowledge. This gives clients the ability to preserve their existing infrastructure investment and upgrade it with best-in-breed solutions, whether on-premises, hybrid cloud or multi-cloud. C1Conversations can integrate leading C/AX applications and internal databases, customer relationship management (CRM), information technology service management (ITSM) and enterprise resource planning (ERP) systems, eliminating the added complexity and operational fragility found in off-the-shelf point solutions.
"C1Conversations lives on Google Cloud and leverages Google Cloud's Contact Center AI (CCAI) technology. Google technologies power C1Conversations' Intelligent Virtual Agent (IVA) and AI capabilities, making this a natural and powerful partnership," said Phil Yeich, Senior Director of Product Management, ConvergeOne. "The combined capabilities of both companies allow our clients to take advantage of multi-cloud capabilities in their contact center operations while improving both the customer and agent experiences in a smooth procurement environment provided by Google Cloud Marketplace. This is a value proposition we can't wait to present to our clients."
"ConvergeOne understands the dynamics of the contact center space. As a global leader in enterprise-grade technology solutions, Google Cloud delivers unmatched reliability in cloud computing services. The combination of C1Conversations and Google Cloud allows us to meet the evolving technology needs and high-level service standards faced by contact center operations," said Mark Langanki, Chief Technology Officer, ConvergeOne. "The robust ecosystem created by our two companies enables a future-proofed path to modernization without painful and expensive migrations. We bring customer and agent experience automation, agent empowerment, record containment rates and data insights to enterprise customers with legacy and on-premises contact center infrastructure today."
"As a part of their digital transformation strategies, many enterprises are seeking out contact center solutions that can integrate seamlessly with their existing cloud environment," said Dai Vu, Managing Director, Marketplace & ISV GTM Programs, Google Cloud. "By making its C1Conversations platform available on Google Cloud Marketplace, ConvergeOne is providing customers with the technologies and expertise needed to enhance contact center experiences with cloud technologies for both their customers and agents."
ConvergeOne is a proven, services-led cloud and applications solution provider that utilizes its intellectual property and unique methodologies to create value for customers and develop progressive solutions that connect people with purpose. Over 14,000 enterprise and mid-market customers trust ConvergeOne to achieve their business outcomes with cloud, collaboration, enterprise networking, data center and cyber security solutions. Our investments in cloud infrastructure and professional and managed services provide transformational opportunities for customers to achieve financial and operational benefits with leading technologies. Our 2021 NPS of 80 is a testament to our ability to provide customers with excellent customer satisfaction, responsiveness and expertise. ConvergeOne has partnerships with more than 300 global industry leaders to customize specific business outcomes. We deliver solutions with a total lifecycle approach, including strategy, design and implementation with professional, managed and support services. ConvergeOne holds more than 5,600 technical certifications across hundreds of engineers throughout North America, including three Customer Success Centers. More information is available at convergeone.com.
Part of ConvergeOne's Intellectual Property portfolio, C1Conversations is an Integration Platform as a Service (IPaaS) that orchestrates the integration of next-gen applications, cloud solutions, internal databases, and systems (CRM, ITSM, ERP) for on-prem, cloud, or next-gen Contact Center Infrastructure. C1Conversations' Microservices Architecture accelerates the Digital Transformation of existing Contact Center Infrastructure – in weeks, not months – leveraging current investments & accrued knowledge without the need to "Rip & Replace." C1Conversations orchestrates the interaction of all these sources and their data to create insights while eliminating the complexity of tactical off-the-shelf solution integrations. C1Conversations de-risks future technology decisions and delivers CX innovation while creating a clear competitive advantage and brand loyalty. Learn more at www.c1conversations.com.
ConvergeOne Media Contact:
Craig Chumley
EVP, Cloud, Managed Services & Marketing, ConvergeOne
678.262.2242
cchumley@convergeone.com
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SOURCE ConvergeOne | https://www.whsv.com/prnewswire/2022/09/08/convergeone-announces-availability-c1conversations-google-cloud-marketplace/ | 2022-09-08T12:26:49Z |
LOS ANGELES and GREENVILLE, S.C., Sept. 8, 2022 /PRNewswire/ -- Creative agency and Certified B Corporation, Brains on Fire Inc., has announced the creation of a Los Angeles-based sister company, Mass Culture, Inc., to focus on digital marketing and growth performance.
"Mass Culture was born out of a need to better service our clients with growth marketing that aligned with their brands. For many brands today, an ad is their first touchpoint experience with their consumers. We were tired of that first experience becoming so disconnected from brand values, top-tier creative, and the rest of the marketing plan.
At Mass Culture, we believe that brand is ultimately the best driver for conversion — not the other way around. We wanted to create a bullsh*t-free partner experience that is based on shared values along with high performance." – Benjamin Hart, Co-President and Creative Director at Brains on Fire and Partner of Mass Culture
"For me, growth marketing has always been about seeing the bigger picture, executing the details, and ultimately telling stories that are worth choosing for consumers. Brains on Fire was the perfect partner to help bring that philosophy on growth to market." – Collin Palkovitz, President Mass Culture
Mass Culture, Inc. will help clients build and align business goals around brand awareness across all channels through specialization within growth marketing, whole picture analytics, complete customer journey, brand-first creative and D2C optimization.
Collin Palkovitz will serve as the CEO of Mass Culture. Collin began his career in digital marketing 20 years ago at design & marketing startup, Elany Arts. For the past 12 years, Collin has worked as a consultant & growth partner specializing in digital marketing and analytics.
Brains on Fire, Inc. is a creative agency and certified B Corporation that specializes in helping brands and organizations grow through storytelling and meaningful human connection. Their clients include: BETR Remedies, Dr. Seuss Enterprises, Green Park Brands, Hello Bello, tonies® US and others. Learn more at brainsonfire.com.
Mass Culture Inc. is a growth marketing agency that believes in the power of brand to drive conversion – not the other way around. We specialize in growth marketing, whole picture analytics, complete customer journey, brand-first creative and D2C optimization. Learn more at massculture.com.
Brandy Amidon
brandy@brainsonfire.com
(864) 380.4979
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SOURCE Brains on Fire, Inc. | https://www.whsv.com/prnewswire/2022/09/08/creative-agency-brains-fire-inc-announces-creation-sister-digital-growth-company-mass-culture-inc/ | 2022-09-08T12:26:55Z |
Sixth survey finds that parents and educators play critical, complementary roles in supporting the mental health of adolescents
To address the national youth mental health crisis, both trusted resources are confident they can get adolescents help
WOONSOCKET, R.I., Sept. 8, 2022 /PRNewswire/ -- A recent CVS Health® (NYSE: CVS)/Morning Consult survey of American parents and educators of adolescents (age 13-17) found that both groups play a critical role in adolescents' lives as a go-to resource for conversations around mental health and support for getting care.
Key findings include:
- Educators report feeling concerned about adolescents' mental health (76%) significantly more than parents (43%).
- When asked if a child has ever approached them about a mental or emotional concern, more educators (78%) said yes, compared to parents (58%).
- However, almost half of parents (49%) say they initiate conversations about mental health with their child, compared to a quarter of educators (22%).
Fortunately, almost all parents (94%) and educators (94%) are confident they would be able to find appropriate support if they were concerned the adolescent was experiencing a mental or emotional health issue.
"Young people continue to face a mental health crisis, but they are not facing it alone. Most are turning to the adults in their lives for help—both at home and at school," said CVS Health President and Chief Executive Officer Karen S. Lynch. "To increase our attention on adolescents' mental health, we have launched new programs to reach them and their families directly, and resources to help parents and caregivers better understand mental distress and available support. Mental health can, and should, become a part of everyday conversation in the classroom, during lunch hour and at the dinner table."
When parents and educators are concerned that a child is experiencing a mental or emotional health issue, the CVS Health/Morning Consult survey also found that both would, overwhelmingly, speak directly to the child, reach out to one another or seek help from a mental health professional.
The survey revealed prevalent and emerging challenges that adolescents face today on their mental health:
- Educators cited family dynamics and relationships (94%), self-esteem (91%), bullying/social dynamics (85%) and social media usage (83%) as the top negative impacts on children's mental health.
- Parents most often cited academic pressure (52%), self-esteem (51%), pandemic-related stress (48%) and bullying/social dynamics (43%) as having negative impacts on their children's mental health.
- Most educators (72%) cited issues stemming from gender, race and sexuality as a factor negatively impacting adolescent mental health, compared to just 25% of parents.
- Educators (63%) and parents (54%) agree that more affordable mental health care is the most beneficial resource for adolescent mental health.
"The mental health of America's youth continues to suffer, and our survey reveals the opportunity to create an ecosystem around our children to ensure they get the mental health resources they need," said Cara McNulty, President, Behavioral Health and Mental Well-being, CVS Health. "Parents and educators create a critical, complementary team that supports adolescents through the impacts of academic and family pressures, self-esteem concerns, COVID-19 and more. By helping adolescents, we can prevent mental health issues and the risk of suicide from arising or becoming worse and set healthy well-being habits in this generation for years to come."
In recognition of Suicide Prevention Month in September, CVS Health continues to prioritize intervention, resources and support to manage suicidal thoughts and prevent suicide attempts. Learn more about CVS Health's efforts to reduce suicide and view our awareness guide for parents and caregivers to improve adolescent mental health.
This poll was conducted between August 12 - 23, 2022 among a sample of 500 parents and 340 teachers and educators of adolescents ages 13-17. The interviews were conducted online, and the data were weighted to approximate a target sample of adults based on gender, educational attainment, age, race and region. Results for the parents' audience have a margin of error of plus or minus 3 percentage points; results for the teachers' audience have a margin of error of plus or minus 5 percentage points.
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
Media Contact
Alex Kepnes
kepnesa@aetna.com
Doug Feingold
feingoldd@cvshealth.com
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SOURCE CVS Health | https://www.whsv.com/prnewswire/2022/09/08/cvs-healthmorning-consult-survey-reveals-that-teenagers-are-approaching-educators-with-mental-health-concerns-more-than-parents/ | 2022-09-08T12:27:02Z |
CYPHER's MATRIX for Business Platform Receives Top Score and Ranks 'Best for Ease of Use'
PLANO, Texas, Sept. 8, 2022 /PRNewswire/ -- CYPHER LEARNING, a leading provider of intelligent learning platforms for schools, universities and organizations around the world, today announced it has been named to the "Best Learning Management Systems of 2022" list by Forbes Advisor. CYPHER's MATRIX for Business platform was the top-ranked solution in the list, as well as rated "best for ease of use."
Forbes Advisor — part of the Forbes Media LLC brand — is dedicated to "smart financial decisions made simple." Its "Best of" awards help businesses and individuals find the right products at the right price. Forbes Advisor's independent and objective editorial team uses a strict methodology to determine the rankings, with content informed by in-depth research, independent data gathering, analysis and expert insights.
As companies today, in an ever-evolving business landscape, seek to equip their workforce with the right skills for the job, a learning management system (LMS) enables them to build, manage and deliver consistent online training. Forbes Advisor notes that LMSs are "used in corporate settings to deliver online courses and track employee progress… [and] can also be used in other ways, such as to provide compliance training or customer education."
To determine the best LMSs, Forbes Advisor considered factors including ease of use, features, customer support, pricing, scalability, reputation and real-world customer experiences — weighting each category based on importance to users. Among the LMSs evaluated, MATRIX received the top score: 4.5, on a five-point scale.
A complete solution for training, upskilling and onboarding companies' employees, clients and partners, MATRIX offers powerful, easy-to-use features that drive engagement and make learning stick. Recent cutting-edge skills development capabilities enable learners to set goals, get personalized recommendations, track progress and competencies, and more.
Forbes Advisor shared why it picked MATRIX: "MATRIX LMS has an intuitive UX [user experience], requiring little-to-no technical knowledge to create courses. Users can establish goals, and AI will help them choose a learning path that matches their goals. Its e-commerce tools make it easy to sell online courses, and the mobile app allows students to learn anywhere they're at. It also includes features such as web conferencing, automation, content authoring and gamification."
This recognition from Forbes Advisor comes on the heels of other honors for CYPHER this year. For example, MATRIX was also named to the 2022 SaaS Awards Shortlist ("Best SaaS Product for Learning Management or Training" category) and recognized by eLearning Industry as among the "Top Social and Collaborative Learning Platforms (2022)" and "Top LMS Training Software With Learning Analytics Tools (2022)." In addition, the company's NEO platform for educational institutions was honored as the "Best K-12 Remote Learning Partner" in the 2022 SIIA CODiE Awards.
"The ways that businesses communicate, collaborate and share knowledge have changed a lot over the past few years," said CYPHER LEARNING CEO Graham Glass. "Whether you're looking to train a remote, hybrid or in-person workforce — or deliver customer or partner training — we provide flexible and intuitive tools to get the job done well. This recognition from Forbes Advisor underscores CYPHER LEARNING's commitment to excellence in training, as well as the outstanding real-world results our customers around the world achieve."
For more information about how organizations use MATRIX to drive successful learning and business outcomes, please visit https://www.cypherlearning.com/customers/matrix/.
About CYPHER LEARNING
CYPHER LEARNING provides an intelligent learning platform that is empowering schools, businesses, and entrepreneurs worldwide to reimagine online education and deliver the best learning experiences. CYPHER LEARNING has solutions for all major e-learning sectors: NEO LMS for K-20, MATRIX LMS for Business, and INDIE LMS for Entrepreneurs. Relied on by millions of users at more than 20,000 organizations, CYPHER LEARNING supports 40+ languages and has offices worldwide with global headquarters in Plano, TX. For more information, please visit www.cypherlearning.com.
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SOURCE CYPHER LEARNING | https://www.whsv.com/prnewswire/2022/09/08/cypher-learning-honored-forbes-advisors-best-learning-management-systems-2022-awards/ | 2022-09-08T12:27:08Z |
HUNTSVILLE, Ala., Sept. 8, 2022 /PRNewswire/ -- Dynetics, a wholly-owned subsidiary of Leidos, announced the successful launch and checkout of the Lonestar tactical space support vehicle for the U.S. Army Space and Missile Defense Command (USASMDC). Lonestar, a technology demonstrator designed to provide space-based situational awareness directly into the hands of the tactical warfighter, lifted off from Mojave Air and Space Port as a payload aboard Virgin Orbit's LauncherOne two-stage orbital air-launch vehicle in summer 2022.
"The successful contact of our satellite in orbit is a substantial milestone for our team and the years of work supporting critical national security missions in space," said Leidos Dynetics Group President Steve Cook. "This will enable further development for our growing satellite capabilities and accelerate our customer's national security mission in space."
Dynetics completed the on-orbit satellite and payload checkouts with the USASMDC payload development laboratory on the Redstone Arsenal in Huntsville, Alabama. The laboratory provides ground systems for command and telemetry to the satellite. The payload is operational and ready to support the situational awareness mission for the warfighter.
Dynetics developed, tested, integrated and delivered the tactical space support vehicle (TSSV) through the Design, Development, Demonstration and Integration (D3I), Domain 1 task order for $9 million including a one-year on-orbit demonstration. The company's expertise in space systems and high-performance signal processing applications enabled a rapid development. Using hardware-in-the-loop testing and simulation, the Lonestar team verified the payload mission software through a series of tests that ensured functional operation of the payload flight hardware. Work on this program took place at both Redstone Arsenal and the Dynetics campus in Huntsville.
Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
Dynetics, a wholly owned subsidiary of Leidos, provides responsive, cost-effective engineering, scientific, IT solutions to national security, cybersecurity, space and critical infrastructure sectors. Our portfolio features highly specialized technical services and a range of software and hardware products, including components, subsystems and complex end-to-end systems. The company of more than 3,000 employees is based in Huntsville, Alabama, and has offices throughout the U.S. For more information, visit www.dynetics.com.
Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, civil, and health markets. The company's 43,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $13.7 billion for the fiscal year ended December 31, 2021. For more information, visit www.leidos.com.
Contact:
Alyssa Pettus
Dynetics Group Communications Director
571-992-5499
alyssa.t.pettus@leidos.com
Mackenzie Hicks
Dynetics Communications Specialist
256-964-4034
256-929-5229
shawna.hicks@dynetics.com
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SOURCE Dynetics | https://www.whsv.com/prnewswire/2022/09/08/dynetics-team-celebrates-successful-launch-lonestar-satellite-payload/ | 2022-09-08T12:27:14Z |
VAN NUYS, Calif., Sept. 8, 2022 /PRNewswire/ -- Eco Innovation Group, Inc. (OTC: ECOX) ("ECOX" or the "Company"), an innovative sustainable technology company advancing green energy solutions, is pleased to provide its Financial and Operational Highlights for the three months ended June 30, 2022.
"We continue to drive toward scalable growth as we bring our innovation pipeline toward commercial phase operations," noted Julia Otey-Raudes, CEO of Eco Innovation Group. "In the meantime, our construction division has been a productive source of top- and bottom-line growth as the opportunities in green infrastructure expand."
Financial Performance Highlights for the Three Months Ended June 30, 2022
- Revenues increased 167% on a sequential quarterly basis to $311,156
- Gross Profit also turned positive during the quarter
- Total Current Assets increased 227% year over year to $471k
Management notes that the Company's business model remained resilient during the quarter despite macro-related headwinds, including inflation, a slowdown in consumer spending, and continued global supply chain concerns.
During the quarter, Eco Innovation Group was able to achieve top- and bottom-line growth at improved margins, more than doubling the Company's revenues posted during the first quarter of 2022. The Company also closed the quarter with over $275k in accounts receivable.
The Company also made several key operational and strategic advances during Q2, including securing licensing to launch green infrastructure operations within its Spruce Construction unit and securing full patent protection for its Advanced GET system, a next-generation glycerin-based supercritical plant extraction technology system now in phase two of the prototype build process.
Otey-Raudes added, "Q2 was a turning point quarter in many ways. Now, we are excited about the opportunity to execute during the final months of the year. We have a number of important milestones in front of us as we work towards commercial launch of our developmental technologies, including our revolutionary patented Advanced GET system. Please stay tuned for future updates on ECOX's progress."
Eco Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us, while delivering value to our shareholders. At ECOX, we are dedicated to developing and commercializing successful products. But we will never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our Social Responsibility Contract seriously in all our endeavors. It is not only what we do. It is who we are. For more information, visit www.ecoig.com.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements 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 by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause 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 with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Eco Innovation Group, Inc.
Julia.Otey@ecoig.com
www.ecoig.com
Public Relations:
EDM Media, LLC
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SOURCE Eco Innovation Group | https://www.whsv.com/prnewswire/2022/09/08/eco-innovation-group-announces-financial-operational-highlights-three-months-ended-june-30-2022/ | 2022-09-08T12:27:20Z |
-Provides path to growing nickel refining capacity in North America-
TORONTO, Sept. 8, 2022 /PRNewswire/ - Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) ("Electra") today released highlights of a scoping study prepared by a global engineering firm supporting the creation of an integrated electric vehicle battery materials park in Ontario that would include nickel, cobalt and manganese refining, recycling of battery black mass material, and precursor cathode active material (pCAM) manufacturing.
The scoping study assessed the economics and carbon footprint of various nickel feed options to develop an integrated facility producing 10,000 tonnes per annum of battery grade nickel sulfate and nickel equivalent pCAM, components essential to production of electric vehicle batteries. All amounts are in U.S. currency unless otherwise noted.
"With U.S. electric vehicle manufacturers moving swiftly to reduce reliance on Chinese and Russian critical minerals in order to qualify for the $7,500 EV credit under the Inflation Reduction Act, Electra is capitalizing on the opportunity to provide secure domestic supply of EV battery materials," said Trent Mell, CEO of Electra Battery Materials. "The scoping study supports our view that an integrated refining-recycling-pCAM battery materials complex in Ontario would deliver compelling economics, emit low carbon emissions and address the onshoring of battery materials needed by the North American automotive industry."
Mr. Mell added, "Backed by compelling project economics, we are now proceeding with an engineering prefeasibility study to narrow our focus on feed sources and devise a multi-phased approach to growing nickel refining capacity in North America."
- The scoping study examined the construction of a battery grade nickel sulfate refinery in Ontario by 2025-26, with three feed base loads: nickel sulfides, Class 1 nickel metal and ferro nickel, supplemented with recycled battery black mass and nickel-rich mixed hydroxide precipitate (MHP).
- Capital costs to build an integrated facility producing 10,000 tonnes per annum of nickel sulfate and nickel equivalent pCAM materials are anticipated to be between $550 and $650 million.
- Operating costs to produce 10,000 tonnes per annum of nickel sulfate and nickel equivalent pCAM materials on an integrated basis are anticipated to be between $125 and $133 million per year or between $13,000 and $13,600 per tonne of nickel sulfate produced (excluding byproduct credits), configured for NMC 811 EV battery chemistries.
- The integrated production facility is expected to contribute $225 million of GDP impact during the construction phase, including $112 million of salaries and $35 million of taxes plus an additional $415 million during the first 10 years of operations, including $111 million of salaries and $78 million of taxes.
- The integrated facility will utilize a hydrometallurgical flowsheet and leverage Electra's emerging expertise and permitted refining complex.
- 10,000 tonnes of per annum production of battery grade nickel sulfate and nickel equivalent pCAM could support domestic manufacturing of up to 250,000 fully electric vehicles per year.
- China refineries account for approximately 75% of battery grade nickel sulfate today.
"The benefits of an integrated recycling, refining, and pCAM facility identified by the scoping study provide a significant opportunity for Electra to further leverage its Ontario refinery location and assets," said Electra's VP of Engineering, Dave Marshall. "By using a phased approach towards project development and exploring collaboration opportunities for manganese and pCAM production, we will now look towards reducing capital and operating costs as we launch our engineering prefeasibility study."
- Total Scope 1 and Scope 2 greenhouse emissions producing 10,000 tonnes per annum of nickel sulfate and pCAM materials configured for NMC 811 battery chemistries would range from 14,000 and 16,000 of tCO2e per year.
- The scoping study estimates that an NMC 811 battery using materials produced at Electra's integrated facility would be up to 60% less carbon intensive than benchmark values.
- The low carbon footprint is due to Electra's hydrometallurgical process, that is less energy intensive, and to Ontario's clean electricity grid, from which more than 90% of electricity is generated from zero or low carbon sources.
In addition to the construction of a battery grade nickel sulfate refinery, the scoping study also examined the construction of an integrated pCAM manufacturing facility, which would receive nickel, cobalt and manganese in solution, thereby eliminating the capital and operating costs associated with refined product crystallization and handling. Electra has had discussions with several pCAM manufacturers and envisions that precursor production would be done by an existing producer seeking to establish a presence in North America.
Commissioning of a nickel sulfate refinery would allow Electra to treat battery black mass through to pCAM and return recycled material back to partner battery cell manufacturers, thereby creating an integrated EV battery supply chain loop.
The scoping study was conducted in partnership with the Government of Canada, the Government of Ontario, Glencore plc and Talon Metals. The consortium is collaborating on engineering, permitting, socio-economic and cost studies associated with the construction of a nickel sulfate plant as well as a pCAM plant adjacent to Electra's cobalt refinery and recycling plant. The realization of this vision will result in the creation of an integrated, localized and environmentally sustainable battery materials park in Ontario for the electric vehicle market.
Electra is pursuing a multi-phased approach to build an integrated battery materials park in Ontario. The first phase consists of commissioning a battery grade cobalt sulfate refinery in the spring of 2023, followed soon after with the commissioning of a battery recycling plant once a demonstration currently slated for the fall of 2022 is successfully completed. The third and fourth phases will consist of developing an integrated nickel sulphate refinery and pCAM manufacturing facility. Manganese refining is also under consideration.
With completion of the scoping study, Electra is now commencing a prefeasibility study to assess a phased approach to nickel refining while lowering initial capital and operating cost estimates. The study, which will be developed in consultation with Electra's upstream and downstream supply chain partners, will be led by Dave Marshall, Vice President of Engineering. Mr. Marshall recently joined Electra following a 29-year career spent with Vale in a number of senior project roles. Mr. Marshall is also overseeing development of Electra's prefeasibility study focused on development of a cobalt refinery in Bécancour, Quebec.
Electra is targeting commercialization of an integrated nickel sulfate refinery and pCAM plant over the next three to four years following completion of requisite prefeasibility and feasibility studies and project construction.
The integrated nickel sulfate and pCAM facility is projected to have a 76,190 square metre footprint, all of which can be built on Electra's 600 acre land package in Temiskaming Shores, Ontario where the company is progressing with the commissioning of its cobalt sulfate refinery.
Commensurate with a scoping study, a number of general and untailored assumptions were used to assess the economics of a potential nickel sulfate refinery constructed and operated in conjunction with Electra's to be completed cobalt refinery in Ontario. As such, the outcomes and economic metrics have a margin of error of +50% / -30%.
Key assumptions affecting the economics presented are; CAD values were converted to USD at 1.31, forward escalation or contingencies for future construction and operating costs were not considered, by-product values were excluded and sensitivities to changes in key inputs were not performed.
Key construction cost assumptions include, most inputs will be Canadian sourced apart from process equipment where approximately 50% will be sourced in Canada. Construction driven GDP impacts include direct, indirect and induced spending, including labour with more than 2,500 job years generated through the construction phase.
Operating assumptions assume more than 65% of costs are derived from reagents and consumables and more than $16 million annually in labour costs. Operational driven GDP impacts also include direct, indirect and induced spending.
Electra cautions that the study does not constitute a scoping study within the definition employed by the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM"), as it relates to a standalone industrial project and does not concern a mineral project of Electra. As a result, disclosure standards prescribed by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") are not applicable to the scientific and technical disclosure in the study. Any references to scoping study, prefeasibility study or feasibility study by Electra, in relation to the refinery development, are not the same as terms defined by the CIM Definition Standards and used in NI 43-101.
Electra is also pleased to report that it has issued a total of 305,600 common shares on the TSX Venture Exchange at an average price of C$5.7789 per share and 13,877 common shares on the Nasdaq Capital Markets at an average price of $3.915 during Q2 2022 under its at-the-market equity program launched in January 2022, providing gross proceeds of C$1,766,033.52 and $54,328.48, respectively. Commissions of C$44,150.86 and $1,358.21 were paid to CIBC World Markets Inc. and CIBC World Markets Corp., respectively, in relation to these distributions.
Electra is a processor of low-carbon, ethically-sourced battery materials. Currently commissioning North America's only cobalt sulfate refinery, Electra is executing a multipronged strategy focused on onshoring the electric vehicle supply chain. Keys to its strategy are integrating black mass recycling and nickel sulfate production at Electra's refinery located north of Toronto, advancing Iron Creek, its cobalt-copper exploration-stage project in the Idaho Cobalt Belt, and expanding cobalt sulfate processing into Bécancour, Quebec. For more information visit www.ElectraBMC.com.
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.
This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR at www.sedar.com. Although Electra Battery Materials Corporation believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Electra Battery Materials Corporation disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE Electra Battery Materials Corporation | https://www.whsv.com/prnewswire/2022/09/08/electras-study-integrated-ev-battery-materials-facility-ontario-demonstrates-compelling-economics/ | 2022-09-08T12:27:26Z |
Ultra Capital led the funding round which will expand EnviroSpark's platform supporting property owners with turn-key EV charger solutions.
ATLANTA, Sept. 8, 2022 /PRNewswire/ -- Atlanta-based electric vehicle (EV) charging company EnviroSpark announced the completion of its Series A funding round led by Ultra Capital, an independent investment firm that invests in businesses focused on sustainable infrastructure and energy transition. The funding will fuel EnviroSpark's continued expansion in the EV infrastructure space as the company builds on its existing footprint of more than 5,000 chargers installed across the United States and Canada.
The announcement comes amid rising adoption rates of electric vehicles nationwide, with government and private forces driving industry growth through national and state policy and expansions in vehicle manufacturing capacity. Increases in EV adoption accelerates the need for fast, reliable and convenient charging infrastructure. EnviroSpark is a leading provider of turn-key EV charger solutions, partnering with property owners, utilities, and governments to bring EV infrastructure to where people live and work, making the shift to electric practical for more consumers.
"EnviroSpark is increasing charging accessibility and will continue its growth in the multi-family and commercial property space, further positioning itself as a strategic leader in the industry. With the addition of these funds, we are expanding our product offerings and increasing headcount nearly four times over, bringing the brightest minds to this booming industry," CEO and Founder Aaron Luque said. "We are ecstatic to have the financial support and expertise from Ultra Capital to move EnviroSpark forward."
This round of funding will accelerate EnviroSpark's roadmap of features and expand its geographic footprint, accelerating the availability of EV infrastructure for more customers in America and Canada. EnviroSpark's platform streamlines installation of EV chargers at scale, making it easier for governments, multi-family property owners and other businesses to join the EV revolution.
"EnviroSpark is a true leader in the EV charging sector, having designed, built and installed thousands of EV chargers since its founding 8 years ago. We are thrilled to support Aaron and his team to expand their footprint, product offerings, and capabilities in a sector that is critical to de-carbonizing transportation," said Kristian Hanelt, Managing Director of Ultra Capital. "EnviroSpark has what it takes to lead this growing industry in its pivotal moment."
Ultra Capital has joined EnviroSpark's Board of Directors along with Paul Bowers, former Chairman, President, and Chief Executive Officer of Georgia Power who also invested in the funding round.
Boreas Capital Partners served as financial advisor to EnviroSpark on the transaction.
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SOURCE EnviroSpark | https://www.whsv.com/prnewswire/2022/09/08/electric-vehicle-charging-company-envirospark-secures-series-funding/ | 2022-09-08T12:27:33Z |
In-Home Care and Assisted Living Brands Join Forces to Create a First-Class Experience for Clients
HACKENSACK, N. J., Sept. 8, 2022 /PRNewswire/ -- Executive Home Care, a leading in-home care provider with a wide range of service options and care programs, announced today it has acquired the Assisted Living Locators brand and franchise system. Assisted Living Locators is a Scottsdale-based franchise dedicated to helping seniors find the right living and care solutions. Backed by The Riverside Company, a private equity firm, Executive Home Care's acquisition of Assisted Living Locators expands the company's footprint in the senior care space to provide resources that create a first-class experience for clients.
"The addition of Assisted Living Locators fits seamlessly with our business philosophy and strategy of making in-home care and assisted living options readily available for anyone that may need it," said Executive Home Care CEO Tim Hadley. "Both Executive Home Care and Assisted Living Locators are passionate about helping our senior citizens continue to live their lives comfortably, freely and safely. Together, our teams are looking forward to working hand-in-hand to fulfil that."
Angela Olea, RN and Assisted Living Locators CEO, founded the company in 2006 in response to seeing aging patients have unnecessary hospital readmissions and a lack of community support. Assisted Living Locators was the nation's first senior placement franchise, and now has over 140 franchises in 36 states and the District of Columbia. Assisted Living Locators offers a nationwide network of local senior care advisors who work with families at no cost in an effort to find quality assisted and independent living, memory care, nursing homes and in-home care. The senior advisors meet with families in person to assess a client's care level and financial needs before recommending the best care and living solution. Assisted Living Locators is also the "first and only" senior placement franchisor to have system-wide dementia care certification.
"I can't wait to see the next chapter of Assisted Living Locators unfold," said Angela. "Our partnership and shared mission with Executive Home Care will set new standards of excellence for in-home care and senior placement that will benefit our seniors, families, and our franchisees. With the expertise of Executive Home Care and Riverside teams, I know that Assisted Living Locators will continue to move to new levels of customer service and quality care," she added.
"We're thrilled to begin collaborating with such a talented and forward-thinking group," said Hadley. "Both brands are philosophically aligned in our vision to provide peace of mind and increase the well-being of our clients and those closest to them."
As the nation's leading in-home care provider, Executive Home Care offers a wide range of service options and care programs with the goal of improving the quality of life and establishing peace of mind for both clients and their families. The brand recognizes individuals are much more comfortable living in their own homes, amidst their personal treasures and familiar surroundings, and it is their mission to enhance the well-being of those in need with a commitment to service excellence. For more information, please visit www.executivehomecare.com.
Assisted Living Locators offers a no cost, nationwide senior care placement and referral service for in-home companion care, independent retirement options, assisted living, memory care, and skilled nursing facilities. The company is one of the nation's largest senior placement and referral service with over 140 franchises in 36 states and the District of Columbia. Assisted Living Locators is ranked in Entrepreneur's 2021 Franchise 500® issue. The company also was named to the Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. To learn more, visit: www.assistedlivinglocators.com.
Contact: Grant Hennessy, Franchise Elevator PR, 630-453-8187, ghennessy@franchiseelevator.com
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SOURCE Executive Home Care | https://www.whsv.com/prnewswire/2022/09/08/executive-home-care-continues-growth-with-acquisition-assisted-living-locators/ | 2022-09-08T12:27:39Z |
The Collaboration Taps into Strengths of Each Organization to Answer this Critical Need
WASHINGTON, Sept. 8, 2022 /PRNewswire/ -- First Book, the largest online network of educators serving children in need, and Room to Read, the global education organization creating a world free from illiteracy and gender inequality, today announced an innovative partnership to publish and distribute a total of 30,000 books -- 12 unique titles in both Dari and Pashto, the two majority languages spoken by the Afghan population. The books will be made available to refugee and immigrant communities through First Book's Network of educators serving children in need. This partnership leverages the industry-leading skills of both organizations – bridging First Book's growing distribution Network of more than 525,000 educators with Room to Read's 22-year experience as a noncommercial global publisher of diverse children's books – to get culturally relevant books to those who need them most.
Members of First Book's Network will have access to the titles, which have been adapted from a collection of books created for Syrian refugees in Jordan. The books will be directed to Afghan refugee children resettling in the United States to help them process their experience of moving to a new country and adjust to a new home and culture. The partnership brings together First Book's reach among low-income communities across all 50 U.S. states with Room to Read's exceptional ability to publish home language books in low-cost formats to meet critical gaps for underserved communities, such as the immigrant and refugee population.
"Providing resources in languages spoken by refugee children is critical to eliminating some of the barriers to education that they face. In addition, it makes an enormous difference in creating a sense of normalcy as they adjust to their new lives here in the U.S.," said Kyle Zimmer First Book president and CEO. "The innovative nature of this partnership helps both First Book and Room to Read expand our reach and impact, allowing even more children to thrive with the resources they need to learn."
This partnership specifically aims to support refugees and other immigrants who speak Dari or Pashto. While primarily created to help children process their experiences, these new books will offer engaging reading for young immigrants and help children maintain connections to their family's culture. First Book and Room to Read recognize the importance for young children, especially English-language learners, to preserve their emotional and cultural connection to the past while building the reading skills to succeed in the future.
Books can serve as both windows and mirrors to understanding diverse identities. When children can see themselves in books, they develop a greater understanding and appreciation of their individuality, their community, and their culture. Children can also be encouraged to read more when they recognize characters from their own culture. For refugees, culturally diverse and inclusive books help them maintain, and share, a personal cultural connection despite the distance from their homes. Diverse representation in books can also be a window for other readers to understand the cultural practices and values of other communities.
"In the past year, thousands of Afghan children and families have faced displacement and immigrated to the United States to build a new life," said Shannon Hesel, Room to Read U.S. Program Associate Director. "At Room to Read, we know that books have the power to build resilience and help young readers better understand the world around them. We are committed to using our expertise in children's literacy development and book publishing to partner with First Book and provide these young learners with access to books that reflect their experiences."
To learn more about the partnership between First Book and Room to Read, go to firstbook.org or check out the new titles available on the First Book Marketplace here.
Founded in Washington, D.C., in 1992 as a 501(c)3 nonprofit social enterprise, First Book is a leader in the educational equity field. Over its 29-year history, First Book has distributed more than 225 million books and educational resources, with a retail value of more than $2 billion. First Book believes education offers children in need the best path out of poverty. First Book breaks down barriers to quality education by providing its Network of more than 525,000 registered teachers, librarians, after school program leaders, and others serving children in need with millions of free and affordable new, high-quality books, educational resources, and basic needs items through the award-winning First Book Marketplace nonprofit eCommerce site. The First Book Network comprises the largest and fastest-growing community of formal and informal educators serving children in need.
First Book also expands the breadth and depth of the education field through a family of social enterprises, including First Book Research & Insights, its proprietary research initiative, and the First Book Accelerator, which brings best-in-class research-based strategies to the classroom via relevant, usable educator resources. First Book Impact Funds target support to areas of need, such as rural communities or increasing diversity in children's books. For more information about First Book, please visit www.firstbook.org.
Founded in 2000 on the belief that World Change Starts with Educated Children®, Room to Read is creating a world free from illiteracy and gender inequality. We are achieving this goal by helping children in historically low-income communities develop literacy skills and a habit of reading, and by supporting girls as they build skills to succeed in secondary school and negotiate key life decisions. Room to Read collaborates with local communities, partner organizations and governments to test and implement innovative models that can be integrated into the education system to deliver positive outcomes for children at scale. To date, Room to Read has benefited more than 32 million children and has worked in 21 countries and in more than 49,000 communities, providing support through remote solutions that facilitate learning beyond the classroom. Room to Read aims to benefit 40 million children by 2025. Learn more at www.roomtoread.org.
Media Contact: Ian Kension, ikenison@firstbook.org
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SOURCE First Book | https://www.whsv.com/prnewswire/2022/09/08/first-book-room-read-come-together-distribute-30000-books-dari-pashto-refugee-immigrant-afghan-children/ | 2022-09-08T12:27:50Z |
-- First Half Revenues of RMB211.4 million, up 20.9% year-over-year
-- First Half Net Income of RMB42.7 million, compared to last year's net loss
-- First Half Adjusted Net Income of RMB42.7 million, up 282.1% year-over-year
BEIJING, Sept. 8, 2022 /PRNewswire/ -- First High-School Education Group Co., Ltd. ("First High-School Education Group" or the "Company") (NYSE: FHS), an education service provider primarily focusing on high schools in Western China, today announced its unaudited financial results for the six months ended June 30, 2022.
First Half 2022 Financial Highlights – Continuing Operations
- Total revenues were RMB211.4 million (US$31.6 million), an increase of 20.9% from RMB174.8 million in the first half of 2021.
- Gross profit was RMB90.0 million (US$13.4 million), an increase of 32.6% from RMB67.9 million in the first half of 2021.
- Income from operations was RMB53.8 million (US$8.0 million), an increase of 348.6% from RMB12.0 million in the first half of 2021.
- Net income was RMB42.7 million (US$6.4 million), compared with a net loss of RMB3.8 million in the first half of 2021.
- Adjusted net income[1] (Non-GAAP) was RMB42.7 million (US$6.4 million), an increase of 282.1% from RMB11.2 million in the first half of 2021.
Operational Highlights – Continuing Operations
- The total number of students enrolled at our school programs and public schools that we provide management services as of September 8, 2022 was 29,718, an increase of 34.7% from 22,062 as of September 8, 2021.
- The total number of school programs at our school programs and public schools that we provide management services as of September 8, 2022 was 24, an increase of 14.3% from 21 as of September 8, 2021.
CFO Comments
Mr. Tommy Zhou, Chief Financial Officer of First High-School Education Group, commented:
The second quarter of 2022 continues the positive trend we have already set forth. In the first half of 2022, the Company's revenue from continuing operations increased by 20.9% to RMB211.4 million (US$31.6 million), net income increased to RMB42.7 million (US$6.4 million), and adjusted net income increased by 282.1% to RMB42.7 million (US$6.4 million), all compared to the same period of 2021.
The increase in revenue was a result of greater student enrollment completed in September 2021, and the expanded offering of education and student related services, such as liberal education courses, sales of education materials, and meal catering services. We believe our revenue will continue to increase with recently completed student enrollment for the class of 2022 at an increased class size. For our continuing operations, we were able to admit 7,963 students for class of 2022, compared with 7,268 for class of 2021. Among the admitted students, the number of self-funded students increased by 1,008, reflecting our great education quality and strong brand recognition.
The increase in net income and profitability was a result of the Company's perennial drive for increasing operating efficiency. The many measures we have put in place such as building a stricter and more scientific budget system, increasing horizontal comparison among business units, and tying compensation to performance, are yielding positive results now, and will continue to do so in the future.
As of September 8, 2022, we had 14 high school programs, five Gaokao repeater programs and five school management service programs. Since our last earnings release on May 17, 2022, we were engaged for three additional school management service programs, including one in Henan province and two in Yunnan province. Additionally, we provided recruitment and management services for a vocational school in Yunnan province. We are pursuing to have a long-term management service program with them. We look forward to expanding further into the operation of vocational school programs.
First Half 2022 Financial Results – Continuing Operations
Total Revenues
Total revenues were RMB211.4 million (US$31.6 million), an increase of 20.9% from RMB174.8 million in the first half of 2021. The increase was primarily driven by greater student enrollment due to the opening of new school programs and the increased number of students enrolled in our existing schools.
Revenues from customers were RMB180.2 million (US$26.9 million), an increase of 7.7% from RMB167.4 million in the first half of 2021. The increase was primarily driven by greater student enrollment in our existing schools.
Revenues from government cooperative agreements were RMB31.2 million (US4.7 million), an increase of 318.9% from RMB 7.5 million in the first half of 2021. In the first half of 2021, taking into consideration the uncertainty of receiving government grants for students as a result of the COVID-19 pandemic, only funds that were actually received were recognized as revenues from government cooperative agreements. Government grants in the first half of 2022 were released more consistently by the government, resulting in an increase in revenues from government cooperative agreements.
Cost of revenues
Cost of revenues were RMB121.5 million (US$18.1 million), an increase of 13.5% from RMB107.0 million in the first half of 2021. The increase was primarily due to the increase in cost of teaching materials, repairs, utilities, and staffing costs in relation with increased student enrollment.
Gross profit
Gross profit was RMB90.0 million (US$13.4 million), an increase of 32.6% from RMB67.9 million in the first half of 2021. Gross margin was 42.5%, compared with 38.8% in the first half of 2021. The increased gross margin was primarily due to the improved cost control measures, resulting from (1) improved school operating efficiencies, tighter utility usage limits, and stricter budget control; and (2) revised compensation structure for teachers and supporting staffs, for a more efficient system tying pay to performance.
Net operating expenses
Net operating expenses were RMB36.1 million (US$5.4 million), a decrease of 35.3% from RMB55.9 million in the first half of 2021.
- Selling and marketing expenses were RMB2.5 million (US$0.4 million), a decrease of 3.0% from RMB2.5 million in the first half of 2021. The decrease was primarily due to the decreased expenses in brand promotion and marketing activities for our relatively mature school operation.
- General and administrative expenses were RMB35.7 million (US$5.3 million), a decrease of 36.6% from RMB56.3 million in the first half of 2021. The decrease was primarily due to improved cost control, and non-recurring expenses in relation to the Company's initial public offering in March 2021.
- Government grants were RMB2.1 million (US$0.3 million), a decrease of 30.6% from RMB3.0 million in the first half of 2021. The decrease was primarily due to the government's tight fiscal budget resulting in delayed payments made by government.
Income from operations
Income from operations was RMB53.8 million (US$8.0 million), an increase of 348.6% from RMB12.0 million in the first half of 2021.
Net Income from continuing operations
Net income from continuing operations was RMB49.9 million (US$7.5 million), an increase of 1102.2% from RMB4.2 million in the first half of 2021.
Net Loss from discontinued operations
Net loss from discontinued operations was RMB7.2 million (US$1.1 million), a decrease of 8.9% from RMB7.9 million in the first half of 2021.
Net income
Net income was RMB42.7 million (US$6.4 million), compared with a net loss of RMB3.8 million in the first half of 2021.
Adjusted net income[2] (Non-GAAP)
Adjusted net income (Non-GAAP) was RMB42.7 million (US$6.4 million), an increase of 282.1% from RMB11.2 million in the first half of 2021.
Business Outlook
For the fiscal year 2022, the Company expects total revenues of continuing operations to be between RMB440.0 million to RMB460.0 million, representing an increase of 10% to 15% on a year-over-year basis. This outlook reflects the Company's current and preliminary views on the market and operational conditions, and the outlook ranges for the fiscal year 2022 reflect a number of assumptions that are subject to change based on uncertainties.
Impact of Implementation Rules for Private Education Laws
On May 14, 2021, the State Council of the People's Republic of China promulgated the Implementation Rules for Private Education Laws (中华人民共和国民办教育促进法实施条例) (the "Implementation Rules"), which became effective on September 1, 2021. The Implementation Rules prohibit social organizations and individuals from controlling private schools that provide compulsory education through, among other methods, mergers, acquisitions and contractual arrangements. Additionally, the Implementation Rules prohibit any private schools providing compulsory education from conducting transactions with its related parties. As a result, the Implementation Rules affected the Company's control over the affiliated entities providing compulsory education as well as the sponsor entities (collectively referred to as the "Affected Entities").
In compliance with the Implementation Rules and other applicable PRC regulations and based on the relevant accounting standard in accordance with U.S. GAAP, the Company has determined to cease to recognize revenues for all activities related to schools providing compulsory education and the sponsor entities after September 1, 2021 within China that are affected by the Implementation Rules, and classified such Affected Entities as discontinued operations. The discontinued operations of the Affected Entities had certain impact on the Company's financial conditions for the six months ended June 30, 2022. Net loss from discontinued operations was RMB7.2 million (US$1.1 million) for the six months ended June 30, 2022.
There still exist uncertainties with respect to the interpretation and enforcement of the Implementation Rules. The Company will closely monitor the developments related to the Implementation Rules, and continue to assess the possible impacts on the Company and make any applicable actions to keep in compliance with the Implementation Rules and other applicable PRC regulations.
Conference Call
First High-School Education Group's management will hold an earnings conference call on Thursday, September 8, 2022, at 8:00 AM U.S. Eastern Time (8:00 PM September 8, 2022, Beijing/Hong Kong Time). Please dial in 15 minutes before the conference is scheduled to begin using below numbers.
A telephone replay of the conference call may be accessed by phone at the following numbers until September 15, 2022.
A live and archived webcast of the conference call will be available on the Company's investors relations website at https://ir.diyi.top/
About First High-School Education Group
First High-School Education Group is an education service provider primarily focusing on high schools in Western China. The Company aspires to become a leader and innovator of private high school education in China, with the focuses on a comprehensive education management integrating education information consulting, education research project development, education talent management, education technology management, education service management, and general vocational integration development services. For more information, please visit https://ir.diyi.top/.
Non-GAAP Measure
The Company has provided in this press release financial information that has not been prepared in accordance with U.S. generally accepted accounting principles, or U.S. GAAP. The Company considers and uses one non-GAAP measure, adjusted net income, as a supplemental measure to review and assess its operating performance. Adjusted net income enables the Company's management to assess the Company's operating results without considering the impact of non-cash charges, including share-based compensation expenses, and without considering the impact of donation expenses and transaction costs in relation to previous financing activities. The Company also believes that the use of the non-GAAP measure facilitates investors' assessment of its operating performance.
The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. Adjusted net income is a non-GAAP measure. A reconciliation of the Company's most directly comparable GAAP measure to historical non-GAAP financial measure has been provided in the tables captioned "Reconciliation of GAAP to Non-GAAP Measure" included at the end of this press release, and investors are encouraged to review the reconciliation.
Exchange Rate
The Company's business is primarily conducted in China and all of the revenues are denominated in Renminbi ("RMB"). This announcement contains translations of certain RMB amounts into U.S. dollars ("USD" or "US$") at specified rates solely for the convenience of the readers. Unless otherwise noted, all translations from RMB to USD are made at the rate of RMB6.6981 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on June 30, 2022. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on June 30, 2022, or at any other rate.
Statement Regarding Preliminary Unaudited Financial Information
The unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company's year-end audit, which could result in significant differences from this preliminary unaudited financial information.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "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 statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For Investor and Media Inquiries Please Contact:
First High-School Education Group
Tommy Zhou
Chief Financial Officer
E-mail: tommyzhou@dygz.com
Customer Service
E-mail: FHS_info@dygz.com
Phone: 010-62555966 (9:30-12:00, 13:30-16:00 CST)
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SOURCE First High-School Education Group Co., Ltd. | https://www.whsv.com/prnewswire/2022/09/08/first-high-school-education-group-announces-first-half-2022-unaudited-financial-results/ | 2022-09-08T12:27:56Z |
Lawsuit brought by The Button Law Firm alleges inappropriate discipline incident is not the first time Compass Children's Academy violated state laws
FORT WORTH, Texas, Sept. 8, 2022 /PRNewswire/ -- The mom of a 3-year-old girl is suing Fort Worth daycare center Compass Children's Academy claiming that her daughter's elbow was dislocated when its worker inappropriately disciplined the child. Surveillance footage from the daycare shows the toddler was yanked by her arm with enough force to cause the child to spin around and fall to the floor. Her arm was then yanked a second time when she was forced to sit against a wall, according to the suit.
Jaynisha Jackson, a working mom in Fort Worth, was horrified when she picked up her young daughter from Compass Children's Academy daycare on Friday, June 11, 2021, and found her little one in excruciating pain, which turned out to be caused by a dislocated elbow. Jackson immediately called local law enforcement to the daycare, as the facility chose not to follow Texas daycare laws that require contacting her, emergency services, or the state of Texas to report the incident and injuries, according to the complaint.
"It is infuriating that my daughter was seriously hurt at daycare," says Jackson. "They are supposed to keep her safe while I am at work. There is simply no excuse for this to happen to my family or any other family."
The lawsuit states that Compass Children's Academy positioned itself as a daycare dedicated to a safe learning environment that "provided parents with peace of mind at a reasonable cost," yet a trail of records from the state of Texas paints a very different picture. In fact, the daycare was cited numerous times for failing to ensure that the operation and its caregivers met the minimum standards, laws, and regulations for child care. Public records from the state of Texas show the toddler was injured on the same day that the state lifted an imposed six-month "Plan of Action" for Compass Children's Academy. The plan required parent surveys, frequent staff observations and evaluations, video footage of caregivers and employees, and even hiring tenured program coordinators to serve as mentors for caregivers, according to the suit.
"It is completely irresponsible of Compass Children's Academy to ignore basic daycare safety regulations that were designed to protect innocent children like Ms. Jackson's daughter," says Jackson's attorney, Russell Button of The Button Law Firm. "No working parent or their child should have to experience what Ms. Jackson and her family have gone through. We hope this lawsuit protects other children from being harmed at the hands of negligent daycare facilities like this one."
The lawsuit is filed as Jaynisha Jackson, Individually and as next friend of D.M., a minor child vs. West Fort Worth Day Care, LLC d/b/a Compass Children's Academy., Cause No. 048-336224-22 in Tarrant County, Texas.
The Button Law Firm (https://www.buttonlawfirm.com) is a Texas-based personal injury law firm that advocates for individuals in meaningful litigation to make local communities safer. The firm focuses on daycare and child-related injuries, catastrophic injuries, and automotive accidents. With attorneys in Dallas, Houston, and Midland, The Button Law Firm helps families across the Lone Star State.
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SOURCE The Button Law Firm | https://www.whsv.com/prnewswire/2022/09/08/fort-worth-mom-sues-daycare-claims-worker-dislocated-daughters-elbow/ | 2022-09-08T12:28:03Z |
Iconic companies commit to join 10-year initiative seeking to engage American families where they live, work and learn.
ATLANTA, Sept. 8, 2022 /PRNewswire/ -- Financial Literacy for All (FL4A), a national initiative to support embedding financial literacy into American culture, today announced the next wave of prominent private sector companies who are committing their organizations to the movement.
General Motors, The Hershey Company and Tyson Foods join other top-tier organizations including founding members Walmart, Disney, NFL, NBA, Delta Air Lines, Walgreens, Bank of America, Khan Academy, PayPal and Ares Management, and key members BlackRock, Edward Jones, FICO, First Horizon Bank, iHeart Media, Mastercard, NASCAR, Nasdaq, Nextdoor, NIKE, Santander, Shopify, TIME for Kids, Truist, Uber, U.S. Bank and Wells Fargo as part of this first-of-its-kind coalition.
"We are honored to have these iconic companies, who represent the best of American ingenuity, lend their influential voice to this movement," said John Hope Bryant, Founder and CEO of Operation HOPE. "We look forward to collaborating with the innovative leadership at General Motors, The Hershey Company and Tyson Foods to grow our impact as we work to help everyone build a better future."
Launched May 20, 2021, this 10-year commitment Co-Chaired by Walmart CEO Doug McMillion and Bryant, will reach millions of youth and working adults enabling them to achieve greater financial success for themselves and their families. Underscoring the need for financial capability, the National Financial Educators Council estimates that financial illiteracy costs American families an estimated $352 billion in 2021.
To follow the progress of Financial Literacy for All, please visit FL4A.org.
About General Motors: General Motors is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.
About The Hershey Company: The Hershey Company is headquartered in Hershey, Pa., and is an industry-leading snacks company known for bringing goodness to the world through its iconic brands, remarkable people and enduring commitment to help children succeed. Hershey has approximately 19,000 employees around the world who work every day to deliver delicious, quality products. The company has more than 100 brand names in approximately 80 countries around the world that drive more than $8.9 billion in annual revenues, including such iconic brand names as Hershey's, Reese's, Kit Kat®, Jolly Rancher and Ice Breakers, and fast-growing salty snacks including SkinnyPop, Pirate's Booty and Dot's Pretzels.
For more than 125 years, Hershey has been committed to operating fairly, ethically and sustainably. Hershey founder, Milton Hershey, created the Milton Hershey School in 1909 and since then the company has focused on helping children succeed.
About Tyson Foods: Tyson Foods, Inc. is one of the world's largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under four generations of family leadership, the Company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it's available and raise the world's expectations for how much good food can do. Headquartered in Springdale, Arkansas, the Company had approximately 137,000 team members on October 2, 2021. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.
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SOURCE Operation HOPE, Inc. | https://www.whsv.com/prnewswire/2022/09/08/general-motors-hershey-company-tyson-foods-among-latest-top-tier-organizations-join-financial-literacy-all-fl4a-movement/ | 2022-09-08T12:28:09Z |
VANCOUVER, BC, Sept. 8, 2022 /PRNewswire/ - GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) ("GoldHaven" or the "Company") has doubled the size of its Smoke Mountain land position from 4,190 hectares to 8,645 hectares based on preliminary results from geological, geochemical and geophysical surveys conducted during the 2022 Smoke Mountain summer exploration program.
GoldHaven CEO, Justin Canivet reports "Preliminary results from work at Smoke Mountain confirm the gold and copper potential of the Project. The distribution of favourable host rocks coupled with newly defined geochemical anomalies drove the decision to add additional ground, more than doubling GOH's land position and significantly strengthening our presence in the highly endowed Central British Columbia Copper-Gold Belt."
GoldHaven's recently enlarged 8,645 hectare Smoke Mountain property is strategically situated within an extensive 85 kilometre polymetallic belt that is highly prospective for gold-silver-zinc epithermal systems, porphyry copper-gold deposits, as well as gold and silver-rich magmatic-hydrothermal occurrences. The property is road accessible from Houston via a series of gravel forest service roads off Highway 16.
Exploration activity in the area has been renewed in this historic mining region, propelled by the ongoing expansion of advanced exploration projects and mines including:
- Universal Copper's Poplar project (18km NE) hosting 236Mt @ 0.37% Cu1
- Surge Copper's Berg project (15km SW) with reserves of 238Mt @ 0.4% Cu; 0.05% Au2
- Imperial Metals' Huckleberry project (26 km SE) containing 161Mt @ 0.48% Cu3
GoldHaven has executed a 30 day fieldwork campaign including geological mapping, soil sampling, stream sediment sampling and prospecting/rock sampling as well as airborne LiDAR, MAG, Radiometrics and Z-Tipper Axis Electromagnetic (ZTEM) surveys. All field data is currently being processed and evaluated and final results are expected in Q4, 2022.
The historic Central BC porphyry-epithermal belt is re-emerging as an important copper-gold-silver jurisdiction as evidenced by increased staking activity and exploration drilling. The region is quickly becoming known for its long mineralized drill intercepts including Universal Copper's 216m interval grading 0.54% CuEq (click here for release) and has the potential to host some of the largest copper-polymetallic discoveries in British Columbia.
In recent news, Surge Copper expanded their Ootsa project by 96% to a total of 439Mt grading 0.32% CuEq (click here for release) increasing their total mineralized inventory in the southern part of this belt to over 1 billion tonnes (measured and indicated).
These results in the immediate vicinity of GoldHaven's Smoke Mountain project showcase the exceptional regional endowment and metallogenic character of the Late Cretaceous arc rocks hosted within this belt. GoldHaven's exploration upside lies in the 2.5km long untested and under-explored alteration and mineralization trend currently being examined by our field team at Smoke Mountain.
Daniel MacNeil, P.Geo, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has read and approved all technical and scientific information contained in this news release. Mr. MacNeil is Technical Advisor to GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior precious metals exploration Company focused on acquiring and exploring highly prospective land packages in both Canada and Chile. GoldHaven maintains a strategic presence in the gold and silver rich Maricunga Gold Belt of Northern Chile which is host to several mining and advanced exploration projects including Salares Norte (Gold Fields), Esperanza (Kingsgate Consolidated), La Coipa (Kinross), Cerro Maricunga (Fenix Gold), Lobo-Marte (Kinross), Volcan (Volcan), Refugio (Kinross/Bema), Caspiche (Goldcorp/Barrick), and Cerro Casale (Goldcorp/Barrick). The Company has identified a total of 12 high-priority targets at its Alicia and Roma project areas in the Maricunga within a prominent regional NW-SE structural trend along strike from Gold Fields' Salares Norte deposit (5.2 million ounces of Gold7). These targets have been designated "High Priority" due to the extent, pervasive alteration, favourable geology, highly anomalous rock geochemical results, and their relative proximity to existing deposits. GoldHaven is also making exploration progress at its Smoke Mountain property (Canada) which is strategically located in the Central British Columbia Porphyry-Epithermal Belt in close proximity to Surge Copper's Berg project, as well as its Pat's Pond project in Newfoundland's Central Newfoundland Gold Belt (Canada). Pat's Pond is strategically located less than 20km from Marathon Gold's 3.14 Moz8 Valentine Gold Project and on strike from the Boomerang/Domino VMS deposit. Pat's Pond is highly prospective for gold, copper, silver and zinc and has large scale discovery potential. GoldHaven engages proactively with local and Indigenous rightsholders and seeks to develop relationships and agreements that are mutually beneficial to all stakeholders.
Note: The deposits/mines near GoldHaven's properties provide geologic context, but this is not necessarily indicative that GoldHaven properties host similar grades or tonnages of mineralization.
Justin Canivet, CFA
Chief Executive Officer
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE- Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the intended use of the proceeds received from the Offering, the possible acquisition of the Projects, the Company's expectation that it will be successful in enacting its business plans, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that investor interest will be sufficient to close the Offering, and the receipt of any necessary regulatory or corporate approvals in connection with the Offering and the Assignment, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner, the availability of financing on suitable terms for the exploration and development of the Company's projects and the Company's ability to comply with environmental, health and safety laws.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the inability to close the Offering, the inability of the Company to enter into definitive agreements in respect of the Letters of Intent which are the subject of the Assignment, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.
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SOURCE GoldHaven Resources Corp. | https://www.whsv.com/prnewswire/2022/09/08/goldhaven-expands-smoke-mountain-land-position-strengthens-presence-promising-central-british-columbia-copper-gold-belt/ | 2022-09-08T12:28:16Z |
ISELIN, N.J., Sept. 8, 2022 /PRNewswire/ -- Hexaware has emerged as the winner in multiple categories at the 'Organisation Development Summit & Awards 2022' and the 'Future of Learning & Development Summit and Awards 2022'. It has won awards for its impactful programs and strategy.
The Organisation Development Summit & Awards are conferred to organizations that are 'human-centered' and showcase a solid level of adaptability and responsiveness. The summit aids businesses in leveraging their L&D capabilities to attain sustainable success and align their Organization Development and Design policies with overall business objectives. At the 2nd edition of these awards this year, Hexaware won awards for:
- Best Talent Development Strategy of the Year
- Best Organizational Development Program
- Best Capability Development Program of the Year
The Future of Learning & Development Summit & Awards provide a platform for industry and thought leaders to share their perspectives on the evolving learning and development domain. The summit focuses on the importance of technology to enable upskilling in organizations. At the 10th edition of these awards this year, Hexaware won:
- Digital Learning Transformation Award
- Innovation in Learning Award
Senthil Nayagam K, Chief Learning Officer at Hexaware, said, "These awards demonstrate the benchmarks that we have set for ourselves and peers across industries. It is a significant endorsement of our value propositions, and we will continue to enrich them for dependable capability building."
To know more about Hexaware's Learning & Development programs, visit Learning and Development - HexaVarsity | Hexaware.
To learn more about the awards, click here - Awards & Recognitions | Hexaware
About Hexaware
Hexaware is a global IT, BPS and consulting services company empowering businesses worldwide to realize digital transformation at scale and speed.
Learn more about Hexaware at http://www.hexaware.com. Take an immersive 360° virtual tour of our campuses worldwide at https://www.hexawareimmersive.com
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SOURCE Hexaware Technologies Ltd. | https://www.whsv.com/prnewswire/2022/09/08/hexaware-wins-5-awards-its-learning-amp-development-programs-talent-development-strategy/ | 2022-09-08T12:28:22Z |
CHICAGO, Sept. 8, 2022 /PRNewswire/ -- Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Tilghman Insurance of Myrtle Beach, LLC (Tilghman Insurance of Myrtle Beach). Terms of the transaction were not disclosed.
Headquartered in Myrtle Beach, South Carolina, Tilghman Insurance of Myrtle Beach has been providing commercial and personal insurance solutions to the heart of the Grand Strand for more than 10 years. Jeff Brice, Principal, and the Tilghman Insurance of Myrtle Beach team will join Hub Carolinas.
"We are thrilled that Tilghman Insurance of Myrtle Beach has joined Hub and our Carolinas region, especially because of their experienced and professional staff," said Tommy Suggs, President of Hub Carolinas. "Myrtle Beach is very important to Hub and becomes even more strategic and important now."
"Hub may be large and has tremendous resources, but they also are local and care about their employees, clients and communities. We made a good choice," said Brice.
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
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.
Media: Jessica Wiltse
Phone: 312-596-7573
jessica.wiltse@hubinternational.com
M&A: Clark Wormer
Phone: 312-279-4848
Clark.wormer@hubinternational.com
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SOURCE Hub International Limited | https://www.whsv.com/prnewswire/2022/09/08/hub-international-strengthens-commercial-personal-insurance-capabilites-with-acquisition-assets-tilghman-insurance-myrtle-beach-llc-south-carolina/ | 2022-09-08T12:28:29Z |
OpenRadioss now available worldwide
TROY, Mich., Sept. 8, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) announced that Altair Radioss – an industry-proven finite element analysis (FEA) dynamic simulation code – is now available as an open-source technology under the name OpenRadioss. With OpenRadioss Altair aims to accelerate the global pace of innovation and address the ever-increasing multidisciplinary challenges – particularly climate change and sustainability objectives – faced by all industries.
For more than 30 years, Radioss has been a successful commercial software product utilized around the globe to help major automotive OEMs develop 5-star rated crash performance vehicles, aerospace companies simulate "hard" landings and bird strikes, and consumer electronics manufacturers analyze impact events, like cell phone drops.
"Radioss is a first-rate technology for solving transient dynamic events with outstanding robustness and accuracy. It is a tool that's massively parallel and readily scalable, and gives numerically consistent and reliable results," said James R. Scapa, founder and chief executive officer, Altair. "Staying true to Altair's open architecture philosophy, OpenRadioss allows everyone to contribute, drive their own innovations, develop and share their own models, and experiment by getting inside the code. This makes OpenRadioss an agile tool that always stays on the cutting edge, regardless of industry."
With OpenRadioss, Altair envisions faster advances in technology that will speed up research focused on solving today's most complex challenges. Additionally, the newly established OpenRadioss Community will benefit from the industry-proven comprehensive code base, modern software architecture with the most advanced hybrid (SMP+MPI) parallel structure, and robust numerical methods based on explicit time integration schemes.
This highly engaged international community from the world's best universities, most innovative startups, and the industry's biggest technology providers and top researchers will extend OpenRadioss's capabilities, disseminating the code to new users, industries, and organizations. This revolutionary way to collaborate bridges the gap between state-of-the-art research and industry needs and leverages Altair's expertise to maintain this production-grade open software platform to develop advanced technologies, share best practices, and enrich model libraries around OpenRadioss.
"OpenRadioss is a game changer for academia, research institutions, and industry alike, and gives the users the power to modify mature codes for their own use – without having to start from scratch – and lets users collaborate to accelerate the pace of innovation," said Elham Sahraei, associate professor of mechanical engineering, Temple University.
Additionally, OpenRadioss can read and run models written with LS-DYNA* syntax, enabling the community to contribute and harmonize model building. As such, OpenRadioss is positioned to be the most accessible, powerful, open-source software for accurate simulation of complex multiphysics dynamic events. To learn more about OpenRadioss, its philosophy, its capabilities, and to join the OpenRadioss community, visit www.openradioss.org.
Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.
*LS-DYNA® is a registered trademark of Livermore Software Technology Corporation, which is an affiliate of Ansys, Inc. Hereunder, there is no actual or implied affiliation, endorsement, or sponsorship of any kind.
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SOURCE Altair | https://www.whsv.com/prnewswire/2022/09/08/industry-proven-altair-radioss-finite-element-analysis-solver-now-available-open-source-solution/ | 2022-09-08T12:28:35Z |
Selection Represents Innoviz's Fourth Major Design Win and Second Nomination for Series Production of Passenger Vehicles as a Direct Supplier
TEL AVIV, Israel, Sept. 8, 2022 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading provider of high-performance LiDAR sensors and perception software, today announced that one of the leading Asia-based automotive OEMs has selected the Company to serve as its direct LiDAR supplier for series production passenger vehicles. Innoviz will supply InnovizTwo LiDAR sensor to position vehicles to upgrade to full L3 Automation.
The partnership is expected to generate revenues during fiscal year 2024.
"With this selection, we are continuing our momentum and further demonstrating Innoviz's capabilities as a Tier 1 supplier to the world's leading car makers and expanding to additional geographies," said Innoviz CEO and Co-Founder Omer Keilaf. "We are proud of the significant progress we have made, particularly in recent months, and well positioned to further strengthen and solidify our position as a leading supplier for autonomous vehicles. We look forward to supporting this new program with a fully featured solution for all levels of autonomous driving, paving the path to full L3 automation."
The selection represents Innoviz's fourth major design win and second nomination for series production of passenger vehicles as a direct supplier, and follows Innoviz's recently announced partnership with Volkswagen, through which Innoviz will work directly with Cariad SE, Volkswagen's automotive software company, to integrate the Company's technology into upcoming Volkswagen vehicles.
About Innoviz Technologies
Innoviz is a global leader in LiDAR technology, working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit innoviz-tech.com
Media Contact
Media@innoviz-tech.com
Investor Contact
Maya Lustig
Innoviz Technologies
+972 54 677 8100
Investors@innoviz-tech.com
Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates, future collaborations with third parties, Innoviz's forward-looking order book and Innoviz's projected future results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties, including, in the case of this fourth design win, the risk that definitive agreements remain to be finalized between the parties. You should carefully consider such risk and the other risks and uncertainties described in Innoviz's annual report on Form 20-F filed with the SEC on March 30, 2022 and other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Innoviz gives no assurance that it will achieve its expectations.
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SOURCE Innoviz Technologies | https://www.whsv.com/prnewswire/2022/09/08/innoviz-selected-by-leading-asia-based-automotive-oem-serve-direct-lidar-supplier-series-production-passenger-vehicles/ | 2022-09-08T12:28:42Z |
Enclave Markets to launch a fully confidential OTC trading platform, allowing people to trade securely on a tamper proof and private marketplace with minimal market impact
SAN FRANCISCO, Sept. 8, 2022 /PRNewswire/ -- Enclave Markets, an institutional-grade digital asset trading platform combining the best parts of centralized and decentralized finance, today announced the launch of Enclave Cross, a novel service that allows participants to trade blocks of digital assets at the given market price without any information leakage or market impact. Enclave Cross enables approved participants to execute block trades in a fully private and secure manner. The platform uses an advanced technology based on secure hardware that implements an enclave where code executes a smart contract free from interference.
Enclave Cross has begun early-stage production testing with select institutional trading firms and prime brokers including Hidden Road Partners, LedgerPrime, Republic Crypto, Fir Tree Partners, Scrypt, FBG Capital, and Blizzard Fund, among others.
Currently, executing large orders on existing trading platforms can lead to material market impact due to these large trades being viewed as market momentum signals. When other market participants act on these signals, they can expose proprietary trading strategies and amplify price movements. Even if no market participant acts on the trade, such large orders move the market and result in poor execution and adverse price action. Enclave Cross solves these issues by creating an OTC marketplace where approved institutional crypto traders can make block trades off-chain in a fully private and secure environment.
David Wells, CEO of Enclave Markets, commented, "The existing structure of both centralized and decentralized institutional-grade crypto exchanges don't allow institutions to take full advantage of what crypto has to offer. One of the founding principles of crypto was the concept of leveling the playing field and creating trading markets that are optimized for fairness. On Enclave Cross, no one, not even a system administrator, knows the amount of open interest before trades are executed. At Enclave Markets, we give our users the ability to maximize these advantages - all within a fully compliant network."
Permissioned traders move their assets off-chain into the Secure Enclave technology which allows Enclave Cross to match traders directly with interested counterparties without exposing individual wallet addresses. This helps to address the time mismatch that can result from a large trade which can lead to slippage, information leakage, and technical signals in the market. Enclave Cross currently supports trading of Avalanche, Ethereum, Bitcoin, and USDC with more digital assets to come.
Wells concluded, "Since all assets and trades are being held and executed off-chain, others in the marketplace will see only when funds are withdrawn from the platform, reducing the impact of a time mismatch of buyers and sellers. We are excited to offer Enclave Cross as an institutional-grade, fully confidential trading platform and are looking forward to working with our users to build out a more fulsome suite of digital asset trading products."
For more information on Enclave Cross, visit: www.enclave.market
Enclave Markets is an institutional-grade digital asset trading platform that combines the best parts of centralized and decentralized finance. The platform is built entirely within a secure enclave that prevents exchange operators from reading order activity and secures assets using a mechanism that eliminates the possibility of a single point of failure. Its initial offering, Enclave Cross, gives users access to an institutional-grade, fully confidential trading platform that allows participants to trade blocks of digital assets at the given market price without significant market impact.
To learn more about Enclave Markets, visit: https://www.enclave.market/
Media Contact
Peter Padovano
M Group Strategic Communications (On behalf of Enclave Markets)
646.859.5953
enclavemarkets@mgroupsc.com
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SOURCE Enclave Markets | https://www.whsv.com/prnewswire/2022/09/08/institutional-crypto-exchange-launches-first-fully-confidential-trading-platform/ | 2022-09-08T12:28:48Z |
MCLEAN, Va., Sept. 8, 2022 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that it has reached an agreement with SpaceX to launch up to five of the company's remaining ground spare satellites from the Iridium® NEXT program, on its Falcon 9 rocket. Known as Iridium-9, the launch is planned to take place at Vandenberg Space Force Base in mid-2023. Earlier this year, Iridium celebrated the 25th anniversary of the first launch in Iridium's history, which also took place from Vandenberg on May 5, 1997. That first ever launch also carried five Iridium satellites to orbit on a Delta II rocket.
Iridium-9 will be Iridium's second rideshare with SpaceX. Previously, SpaceX conducted eight Iridium launches between January 2017 and January 2019. These launches delivered 75 satellites to LEO as part of the Iridium NEXT campaign, replacing the company's original satellite constellation. Since completion of the launch campaign in 2019, Iridium has 66 operational satellites, nine on-orbit spares and six additional spares on the ground. Up to five of those six ground spares are planned for launch as part of Iridium-9. All satellites in the upgraded Iridium constellation were built by Thales Alenia Space and carry the Aireon® hosted payload, which provides truly global, real-time surveillance of aircraft around the world.
"We have always said that when the right opportunity presented itself, we would launch many, if not all, of our remaining ground spares, and just such an opportunity came about," said Iridium CEO Matt Desch. "Our constellation is incredibly healthy; however, the spare satellites have no utility to us on the ground. We built extra satellites as an insurance policy, and with SpaceX's stellar track record, we look forward to another successful launch, which will position us even better to replicate the longevity of our first constellation."
Since the completion of the upgraded Iridium network in early 2019, Iridium's customer base grew by more than 730,000 subscribers in just three years and has more than 1.8 million today. With that subscriber growth came several new Iridium products and services, including the Iridium Certus® specialty broadband platform, Iridium's Global Maritime Distress and Safety System, Iridium Global Line of Sight® service for uncrewed and autonomous systems, and over 150 new Iridium narrowband and specialty broadband products brought to market by our partner ecosystem.
Iridium remains the only commercial satellite constellation with truly global coverage, offering weather-resilient L-band service from pole-to-pole. The constellation is divided into six polar orbiting planes that each include 11 operational crosslinked satellites. The satellites from Iridium-9 will be launched into a parking orbit, and after initial testing will be drifted to their assigned spare orbits.
About Iridium Communications Inc.
Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and launched its new specialty broadband service, Iridium Certus®. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services and partner solutions, visit www.iridium.com.
Forward-Looking Statements Disclosure
Statements in this presentation that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has based these statements on its current expectations and the information currently available to us. Forward-looking statements in this press release include statements regarding the timing, number and placement of launch of additional satellites, and the expected longevity of the Iridium constellation. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the launch and performance of the satellites, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission (the "SEC") on February 17, 2021, and the Company's Form 10-Q for the quarter ended June 30, 2022, filed with the SEC on July 26, 2022, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update forward-looking statements.
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SOURCE Iridium Communications Inc. | https://www.whsv.com/prnewswire/2022/09/08/iridium-announces-ninth-spacex-launch/ | 2022-09-08T12:28:54Z |
J.L. Coquet has given new meaning to the expression "collectible vinyls"
LIMOGES, France, Sept. 8, 2022 /PRNewswire/ -- To celebrate the 60th anniversary of the Rolling Stones, the brand has launched a unique set of plates inspired by the Hemisphere Vinyl collection, working the sleeves of two of the group's legendary albums – Sticky fingers and Some girls – into the wells of an assortment of two dinner plates and two dessert plates.
Dubbed 1962 to mark the year that the band was formed, these sets will be manufactured and sold online at www.jlcoquet.com.
A flash sale will take place on 8 October, a chance to get your hands on one of these unique sets.
A numbered set of black plates featuring the J.L. Coquet logo and the inimitable red tongue — a mark of authenticity. The brand has taken great care over every single detail to create a rare piece, which will please both connoisseurs and those who love the arts, Rock 'n' Roll and decoration.
Sign up now on our website, www.jlcoquet.com to try to get your hands on one of these sets.
Follow us on instagram: @jlcoquet
About J.L. Coquet:
Founded in 1824, 25 km away from Limoges, J.L. Coquet has always been renowned for its pure and delicate porcelain, as well as its excellent traditional know-how.
Its collections are still distinguished by clear white pieces, bright gold tones, contrasting colours and expert engravings almost 200 years later.
Having been awarded Entreprise du Patrimoine Vivant français [Company Exemplifying French Living Heritage] status, and protected by an IGP [Protected Geographical Indication], this exceptional company has become synonymous with the French Way of Life and "Made in France" expertise, whose elegant plates adorn the tables of award-winning restaurants.
Logo - https://mma.prnewswire.com/media/1891783/JL_Coquet_Logo.jpg
Photo - https://mma.prnewswire.com/media/1891784/JLC_Rolling_Stones.jpg
Media Contact: eshop@jlcoquet.com
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SOURCE J.L Coquet | https://www.whsv.com/prnewswire/2022/09/08/jl-coquet-celebrates-60-years-rolling-stones-with-set-limited-edition-limoges-porcelain-wall-plates/ | 2022-09-08T12:29:01Z |
SAN DIEGO, Sept. 8, 2022 /PRNewswire/ -- Kintara Therapeutics, Inc.(Nasdaq: KTRA) ("Kintara" or the "Company"), a biopharmaceutical company focused on the development of new solid tumor cancer therapies, today announced that three posters have been accepted for data presentation at the 2022 Society for Neuro-Oncology (SNO) Annual Meeting. The 2022 SNO Annual Meeting will be held from November 16 through November 20, 2022 in Tampa, Florida.
Data Presentations:
Phase 2 Study of VAL-083 and Radiotherapy in Newly-Diagnosed, MGMT-unmethylated GBM
Poster Presenter: Zhongping Chen, MD, Ph.D. – Sun Yat-sen University Cancer Center
(Presentation Time: Friday, November 18, 2022 - 7:30 to 9:30 pm ET)
Recurrent RELA Fusion-Positive Ependymoma Treated with VAL-083 under Expanded Access: A Case Report
Poster Presenter: Carlos Kamiya-Matsuoka, MD – MD Anderson Cancer Center
(Presentation Time: Friday, November 18, 2022 - 7:30 to 9:30 pm ET)
VAL-083 in Patients with Recurrent Glioblastoma Treated under Expanded Access Program
Poster Presenter: Carlos Kamiya-Matsuoka, MD – MD Anderson Cancer Center
(Presentation Time: Friday, November 18, 2022 - 7:30 to 9:30 pm ET)
Located in San Diego, California, Kintara is dedicated to the development of novel cancer therapies for patients with unmet medical needs. Kintara is developing two late-stage, Phase 3-ready therapeutics for clear unmet medical needs with reduced risk development programs. The two programs are VAL-083 for Glioblastoma Multiforme (GBM) and REM-001 for Cutaneous Metastatic Breast Cancer (CMBC).
VAL-083 is a "first-in-class," small-molecule chemotherapeutic with a novel mechanism of action that has demonstrated clinical activity against a range of cancers, including central nervous system, ovarian and other solid tumors (e.g., NSCLC, bladder cancer, head and neck) in U.S. clinical trials sponsored by the National Cancer Institute (NCI). Based on Kintara's internal research programs and these prior NCI-sponsored clinical studies, Kintara is currently advancing VAL-083 in the GBM AGILE study to support the development and commercialization of VAL-083 in GBM.
Kintara is also advancing its proprietary, late-stage photodynamic therapy platform that holds promise as a localized cutaneous, or visceral, tumor treatment as well as in other potential indications. REM-001 therapy has been previously studied in four Phase 2/3 clinical trials in patients with CMBC who had previously received chemotherapy and/or failed radiation therapy. With clinical efficacy to date of 80% complete responses of CMBC evaluable lesions, and with an existing robust safety database of approximately 1,100 patients across multiple indications, Kintara is advancing the REM-001 CMBC program to late-stage pivotal testing.
For more information, please visit www.kintara.com or follow us on Twitter at @Kintara_Thera, Facebook and LinkedIn.
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the status of the Company's clinical trials and the GBM AGILE study. Any forward-looking statements contained herein are based on current expectations but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the impact of the COVID-19 pandemic on the Company's operations and clinical trials; the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company's products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, clinical studies and future product commercialization; and, the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies. These and other factors are identified and described in more detail in the Company's filings with the SEC, including the Company's Annual Report on Form 10-K for the year ended June 30, 2021, the Company's Quarterly Reports on Form 10-Q, and the Company's Current Reports on Form 8-K.
CONTACT: ir@kintara.com
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SOURCE Kintara Therapeutics | https://www.whsv.com/prnewswire/2022/09/08/kintara-therapeutics-announces-three-abstracts-have-been-accepted-2022-society-neuro-oncology-annual-meeting/ | 2022-09-08T12:29:01Z |
New role will drive revenue and market share growth through customer and partner expansion
BOSTON, Sept. 8, 2022 /PRNewswire/ -- Lakeside Software, the leader in digital experience management, announced today that Tyler Winkler has joined the company as chief commercial officer. In this new role, Winkler will oversee a global team of executive leaders and drive the company's direct and channel sales strategies and operations.
Winkler brings to Lakeside three decades of executive leadership experience within the enterprise software space. As VP of Global Sales & Marketing at SecureWorks, he was instrumental in the company's growth and success, which led to a $650 million acquisition by Dell in 2011 and a subsequent IPO in 2016. He joins Lakeside from UserIQ, a predictive customer success platform, where he served as CEO and a member of the company's board of directors prior to its acquisition in August 2022. His deep-rooted software experience and success in growing high-performing sales teams add expertise and experience to Lakeside's executive team.
"Tyler's appointment is a momentous step forward for Lakeside as we continue to strengthen our leadership team and scale our global sales coverage," said David Keil, CEO of Lakeside Software. "Tyler has an incredible reputation in the software industry which will help us to hire the best in the industry and accelerate our growth. His leadership and experience will greatly enhance our ability to exceed our customers' expectations and emerge as the leader in the DEX market."
"I am pleased and proud to join Lakeside's executive leadership team," said Winkler of his appointment. "Lakeside is rapidly expanding to meet the demands of enterprise organizations worldwide, and I'm excited to help lead and develop our sales and go-to-market strategy. Our best-in-class product and deep data collection provide companies with the right tools and insights to drive their business forward. I look forward to increasing its product accessibility through direct and channel partners."
This is the latest in a series of significant developments for Lakeside in 2022. In June, Lakeside expanded the executive leadership team by appointing Elise Carmichael as chief technology officer, Guy Lever as senior vice president of customer success, and Ayelet Elstein as vice president of EMEA.
In August, Lakeside was named a Leader in The Forrester Wave™: End-User Experience Management, Q3 2022 report. Among the evaluated EUEM vendors, Lakeside was cited for enabling deep historical analysis of telemetry data for root cause analysis. Lakeside's telemetry monitoring was also scored highest — a benefit of the Intelligent Edge architecture found in its Digital Experience Cloud platform, which collects more than 10,000 metrics out of the box.
Lakeside Software is a leader in cloud-based digital experience management. Lakeside's Digital Experience Cloud, powered by SysTrack, gathers and analyzes data on everything that may impact end-user experience and business productivity and provides the unmatched visibility IT teams need to design and support rapidly changing digital workplaces. Customers use Lakeside's technology to perform end-user experience management, digital workplace planning, IT asset optimization, remote work management, and proactive service desk operations. For more information, visit www.lakesidesoftware.com.
Lakeside Software and SysTrack are registered trademarks and/or trademarks of Lakeside Software, LLC in the United States and other jurisdictions. All other trademarks and registered trademarks are property of their respective owners.
CONTACT: brittany@zenmedia.com
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SOURCE Lakeside Software | https://www.whsv.com/prnewswire/2022/09/08/lakeside-software-expands-leadership-team-with-appointment-tyler-winkler-chief-commercial-officer/ | 2022-09-08T12:29:08Z |
Highlights:
- CU22-03 – 4.0 metres of 5.5 g/t Au Eq
- CU22-04 – 4.0 metres of 7.7 g/t Au Eq
- CU22-05 – Intercepted Cuyes West structure and a new mineralized structure; assays pending
VANCOUVER, BC, Sept. 8, 2022 /PRNewswire/ - Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) (the "Company" or "Luminex") is pleased to announce that after assay results from four of five completed holes, it has drill-delineated at least 200 metres of strike length at the Company's high-grade gold and silver discovery, that it is referring to as Cuyes West. The additional step-out holes were drilled after the initial discovery announced in the March 14, 2022 news release. In addition to the drilling, the Company has discovered a new mineralized structure, the Ruiz structure, which is parallel to the Camp deposit and has also identified other similar targets for potential future testing at Condor North.
Marshall Koval, CEO & Director commented: "The existing underground Camp deposit provides early, high grade gold mineral resources in the Condor North PEA to blend with the three open pits. Additional similar underground areas such as Cuyes West, the Ruiz structure and other newly discovered targets should continue to enhance the Condor North project."
Cuyes West is located in a previously untested area immediately west of the Los Cuyes mineral resource. To date, four lateral step-out holes on hole CU21-01 have been completed to begin delineating the Cuyes West structure (see Figure 2). CU21-01 intercepted 17.6 metres (278.4 to 296.0 metres) and graded 2.91 g/t gold and 15.23 g/t silver (3.09 g/t AuEq), with an internal zone of 8.6 metres grading 5.1 g/t gold and 24.85 g/t silver (5.39 g/t AuEq.). Luminex has received assay results for three of the four holes (see Table 1).
Table 1. Drill intercepts for Cuyes West holes.
Drill hole CU22-03 stepped out approximately 70 metres to the south of CU21-01 and intercepted 4.0 metres grading 5.04 g/t gold and 38.3 g/t silver, for 5.50 g/t AuEq., from 262 metres contained within a 22.0-metre interval grading 1.88 g/t gold and 20.5 g/t silver (2.13 g/t AuEq.) (see Figures 2 and 3). On the basis of this successful step-out hole Luminex stepped out a further 80 metres to the south with hole CU22-04, that intercepted 4.0 metres grading 6.38 g/t gold and 108.1 g/t silver (7.68 g/t AuEq.), from 214 metres.
Drill hole CU22-05 was drilled to step out on CU22-04 and intercepted the projected mineralised structure over approximately 7 metres from 186 metres. This represents a step-out of approximately 120 metres to depth and 50 metres laterally. Assays from this intercept have not been received and grades are unknown.
Drill hole CU22-02 stepped out approximately 50 metres to the north of CU21-01 and intercepted 6 metres grading 1.31 g/t gold and 17 g/t silver (1.51 g/t AuEq.), from 321 metres with 134 metres grading 0.81 g/t gold and 4.4 g/t silver (0.86 g/t AuEq.) and 40 metres grading 0.37 g/t gold and 0.9 g/t silver (0.38 g/t AuEq.) from surface higher up in the hole. Artisanal workings and surface sampling indicate that the structure also continues to the north, but hole CU22-02 represents a thinning of the structure. Further work to establish the northward extension is required.
The Ruiz structure connects to the Cuyes West structure from the north at a high angle (see Figure 1 and Figure 4). Luminex geologists extended hole CU22-05 to intersect this structure and, at the predicted depth, the hole cut approximately 18 metres of disseminated and centimetric vein sulphides from 266 metres, including 50 centimetres of semi massive sulphides at 280 metres. Assays from this intercept have not been received and grades are unknown. Luminex is testing this structure with a second drill hole, drilled to the north-northeast having designed the hole to intersect the structure at a vertical depth of approximately 70 metres. This drill hole is shown on Figure 1 and Figure 4.
Both the Cuyes West and Ruiz structures consist of pyrite, sphalerite, marcasite disseminated along rhyolite dike contacts that is associated with illite, sericite, silica and carbonate (locally rhodocrosite) alteration. This style of mineralization is identical to the Camp deposit located approximately 700 metres to the south-southwest (see Figure 4) and is classified as intermediate sulphidation type. The Camp deposit hosts an inferred resource of 6.0 Mt with 663,000 Au Eq oz, with a gold and silver grade of 3.28 g/t and 27.8 g/t respectively. Luminex geologists have identified additional structures at Condor North that have similar characteristics and may constitute future drill targets.
At Condor North, Luminex plans to:
- Continue to delineate a resource at Cuyes West;
- Continue to drill test the Ruiz structure;
- Continue step-out and infill drilling at the Camp deposit; and
- Explore similar intermediate sulphidation targets and bring them to drill stage.
All Luminex sample assay results have been independently monitored through a quality control / quality assurance ("QA/QC") protocol which includes the insertion of blind standards, blanks as well as pulp and reject duplicate samples. Logging and sampling are completed at Luminex's core handling facility located at the Condor property. Drill core is diamond sawn on site and half drill-core samples are securely transported to ALS Laboratories' ("ALS") sample preparation facility in Quito, Ecuador. Sample pulps are sent to ALS's lab in Lima, Peru for analysis where gold content is determined by fire assay of a 50-gram charge with ICP finish. Silver and other elements are also determined by ICP methods. Over-limit samples assaying greater than 10 g/t gold and 100 g/t silver are re-analyzed by ALS using fire assay with a gravimetric finish. Luminex is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. ALS Laboratories is independent of Luminex.
Leo Hathaway, P. Geo, Senior Vice President Exploration of Luminex and the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, verified and approved the scientific and technical information concerning the Condor Project in this news release and has verified the data underlying that scientific and technical information.
Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) is a Vancouver, Canada based precious and base metals exploration and development company focused on gold and copper projects in Ecuador. Luminex's inferred and indicated mineral resources are located at the Condor Gold-Copper project in Zamora-Chinchipe Province, southeast Ecuador. Luminex also holds a large and highly prospective land package in Ecuador, including the Pegasus and Orquideas projects, which are being co-developed with Anglo American and JOGMEC respectively.
Further details are available on the Company's website at https://luminexresources.com/.
To receive news releases please sign up at https://www.luminexresources.com/contact/contact-us/.
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LUMINEX RESOURCES CORP.
Signed: "Marshall Koval"
Marshall Koval, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include, but are not limited to, statements regarding future drilling and work programs at Condor. Often, but not always, forward-looking statements or information can be identified by the use of phrases or statements that certain actions, events or results "will" occur or be achieved.
With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the prices of gold and copper, and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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SOURCE Luminex Resources Corp. | https://www.whsv.com/prnewswire/2022/09/08/luminex-confirms-cuyes-west-mineralization-with-step-out-drilling-discovers-new-structure-4-metres-77-gt-au-eq-intercepted/ | 2022-09-08T12:29:14Z |
ENLIGHTEN II is the second of two Phase 3 trials enrolling surgically-naïve CRS patients in the Global ENLIGHTEN clinical program.
WATERTOWN, Mass., Sept. 8, 2022 /PRNewswire/ -- Lyra Therapeutics, Inc. (Nasdaq: LYRA) (the Company or Lyra), a clinical-stage therapeutics company leveraging its proprietary XTreo™ platform to enable precise, sustained, and local delivery of medications to the ear, nose and throat (ENT) passages and other diseased tissues, today announced the enrollment of the first patient in the Phase 3 ENLIGHTEN II clinical trial of LYR-210 in adult patients with chronic rhinosinusitis (CRS). LYR-210 is designed as an alternative to sinus surgery for the millions of CRS patients that remain symptomatic despite treatment.
ENLIGHTEN II is the second Phase 3 trial in the pivotal clinical program for LYR-210, along with the ENLIGHTEN I trial that was initiated earlier this year. The two ENLIGHTEN trials will enroll surgically-naïve CRS patients in the U.S. and Europe to support a New Drug Application to the U.S. Food and Drug Administration for LYR-210.
"We are excited about the ENLIGHTEN pivotal program, with both Phase 3 trials now actively enrolling patients," said Maria Palasis, Ph.D., President and Chief Executive Officer of Lyra Therapeutics. "LYR-210 is the first CRS product candidate designed to provide six months of continuous therapy with a single treatment, and we are focused on the opportunity to bring a new standard of care to the millions of CRS patients suffering with the disease."
The ENLIGHTEN program consists of two Phase 3 studies expected to include a total of 360 adult, surgically-naïve CRS patients. ENLIGHTEN II is a multicenter, randomized, controlled trial to evaluate the efficacy and safety of LYR-210 (7500µg MF) compared to control. The trial will enroll approximately 180 CRS patients who have failed medical management and have not had prior sinus surgery, randomized 2:1 to either LYR-210 (7500µg MF) or control. The primary endpoint of the trial is the change from baseline in a composite score of three cardinal symptoms (3CS) of CRS (i.e., nasal blockage, nasal discharge, and facial pain) at week 24.
"I am very happy that the first patient has now been enrolled at our site in this important trial," said Dr. Adil Fatakia, M.D., Tandem Clinical Research in Marrero, LA. "My Investigator colleagues at other sites in the U.S. and around the world look forward to enrolling this trial to allow the required data to be collected, which will support submission of this program for approval."
LYR-210 is an investigational product candidate that utilizes Lyra's proprietary XTreoTM platform to enable six months of local, intra-nasal, anti-inflammatory therapy from a single treatment for CRS. LYR-210 is designed as a non-invasive alternative to sinus surgery for the millions of CRS patients who have failed medical management. LYR-210 is a bioresorbable polymeric matrix designed to be administered in a brief in-office procedure and is intended to deliver up to six months of continuous mometasone furoate (MF) drug therapy to the sinonasal passages. In the LANTERN Phase 2 study, LYR-210 (7500 µg) demonstrated rapid, clinically meaningful and durable symptom improvement in a composite score of CRS cardinal symptoms over six months. These results were supported in the Phase 2 LANTERN 6-month post treatment evaluation which showed a durable response in about 50% of treated CRS patients six months post LYR-210 removal. A pharmacokinetic (PK) study showed that MF blood levels were constant over the 56-day treatment period, confirming that LYR-210 delivers a steady daily dose of MF with accompanying rapid symptom relief during this time period. There are approximately 14 million patients with CRS in the US, approximately four million of whom fail current standard of care medical management.
CRS is a highly prevalent inflammatory disease of the paranasal sinuses which leads to debilitating symptoms and significant morbidities and is the fifth most common condition in people under 65. Cardinal symptoms include nasal obstruction and congestion, facial pain and pressure, nasal discharge, and olfactory loss. The prevalence of CRS in the U.S. is estimated to be 14 million, with 8 million treated annually using medical management including topical steroid sprays and oral steroids. Roughly half of those treated fail and seek alternative medical intervention. While ENT physicians perform approximately 400,000 surgeries annually for CRS, 65% of patients have recurrent symptoms and 100% require ongoing medical management. Additionally, many patients are surgery unwilling as the current procedures are invasive, not curative, and often require long recovery times.
Lyra Therapeutics, Inc. is a clinical-stage therapeutics company leveraging its proprietary XTreo™ platform to enable precise, sustained, local delivery of medications to diseased tissues not accessible with conventional therapeutic approaches. Lyra's XTreo™ platform is comprised of a biocompatible mesh scaffold, an engineered elastomeric matrix and a versatile polymer-drug complex. The Company's current pipeline of therapeutics target tissues deep in the ear, nose and throat passages and are designed to deliver continuous drug therapy for up to six months following a single non-invasive, in-office administration. Lyra has two product candidates in late-stage development for CRS, a highly prevalent inflammatory disease of the paranasal sinuses which leads to debilitating symptoms and significant morbidities: LYR-210, for surgically naïve patients, is being evaluated in the ENLIGHTEN Phase 3 clinical program, and LYR-220, for patients who have recurrent symptoms despite surgery, is being evaluated in the BEACON Phase 2 clinical trial. These two product candidates are designed to treat the estimated four million CRS patients in the U.S. that fail medical management each year. For more information, please visit lyratherapeutics.com and follow us on LinkedIn and Twitter.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the enrollment and success of the Phase 3 ENLIGHTEN program; the timing for topline results from the Phase 3 ENLIGHTEN program; and the anticipated success of leveraging the XTreo™ platform. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: the fact that the Company has incurred significant losses since inception and expects to incur additional losses for the foreseeable future; the Company's need for additional funding, which may not be available; the Company's limited operating history; the fact that the Company has no approved products; the fact that the Company's product candidates are in various stages of development; or the fact that the Company may not be successful in its efforts to identify and successfully commercialize its product candidates; the fact that clinical trials required for the Company's product candidates are expensive and time-consuming, and their outcome is uncertain; the fact that the FDA may not conclude that certain of the Company's product candidates satisfy the requirements for the Section 505(b)(2) regulatory approval pathway; the Company's inability to obtain required regulatory approvals; effects of recently enacted and future legislation; the possibility of system failures or security breaches; effects of significant competition; the fact that the successful commercialization of the Company's product candidates will depend in part on the extent to which governmental authorities and health insurers establish coverage, adequate reimbursement levels and pricing policies; failure to achieve market acceptance; product liability lawsuits; the fact that the Company relies on third parties for the manufacture of materials for its research programs, pre-clinical studies and clinical trials; the Company's reliance on third parties to conduct its preclinical studies and clinical trials; the Company's inability to succeed in establishing and maintaining collaborative relationships; the Company's reliance on certain suppliers critical to its production; failure to obtain and maintain or adequately protect the Company's intellectual property rights; failure to retain key personnel or to recruit qualified personnel; difficulties in managing the Company's growth; effects of natural disasters, terrorism and wars (including the developing conflict between Ukraine and Russia); the fact that the global pandemic caused by COVID-19 could adversely impact the Company's business and operations, including the Company's clinical trials; the fact that the price of the Company's common stock may be volatile and fluctuate substantially; significant costs and required management time as a result of operating as a public Company and any securities class action litigation. These and other important factors discussed under the caption "Risk Factors" in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) on August 9, 2022 and its other filings with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While the Company may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events cause its views to change.
Contact:
Kathryn Morris
The Yates Network LLC
914-204-6412
kathryn@theyatesnetwork.com
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SOURCE Lyra Therapeutics, Inc. | https://www.whsv.com/prnewswire/2022/09/08/lyra-therapeutics-announces-first-patient-enrolled-pivotal-enlighten-ii-clinical-trial-lyr-210-chronic-rhinosinusitis-patients/ | 2022-09-08T12:29:21Z |
TSX-V: MKO; OTCQX: MAKOF
VANCOUVER, BC, Sept. 8, 2022 /PRNewswire/ - Mako Mining Corp. (TSX-V: MKO) (OTCQX: MAKOF) ("Mako" or the "Company") is pleased to report additional results from its recent definition and expansion drilling program at the Las Conchitas area on its wholly-owned San Albino-Murra property. The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production, and north of the historical El Golfo Mine located within the contiguous El Jicaro Concession.
Currently, the Company has five of its seven diamond drill rigs in the Las Conchitas area, which is subdivided into three primary areas: Las Conchitas North ("LC-N"), Las Conchitas Central ("LC-C") and Las Conchitas South ("LC-S"). Each of these areas host multiple, subparallel, northeast-southwest striking, gently dipping, gold bearing veins interpreted to be orogenic in nature. To date, a total of 63,136 meters (m) have been completed in 610 diamond drill holes within the entire Las Conchitas area.
Highlights of the recent drilling at Las Conchitas:
- Cruz Grande ("CG")
- 25.81 g/t Au and 45.4 g/t Ag over 1.1m (1.0m ETW)
- 20.17 g/t of Au and 16.5 g/t Ag over 1.2m (1.0m ETW)
- 12.88 g/t of Au and 18.0 g/t Ag over 3.1m (2.7m ETW)
- 10.98 g/t Au and 27.0 g/t Ag over 2.0m (1.7m ETW)
- 10.40 g/t Au and 16.1 g/t Ag over 0.9m (ETW)
Akiba Leisman, CEO of Mako states that "at Las Conchitas – Central, hitting 15.3 g/t Au over 6.7 meters ETW, less than 70 meters from surface is a great result for the Company. More importantly, this is showing continuity, with similar grades and widths over significant strike and dip extensions from this hole. LC-C is still a relatively untested area of Las Conchitas, but it is shaping up to be yet another high grade and open-pittable target across our 188 square kilometer land package. Additional results at Las Conchitas are showing continuity along strike and down dip, and will be important as Mako continues the process of updating our resource in Q1 2023 to include all of these areas within Las Conchitas which were not included in any previous resource estimate."
Recent drilling at LC-C has confirmed the continuity of areas previously interpreted as separate zones (Cruz Grande and Mina Bonanza), and has significantly increased the potential for open pittable mineralization (see press release dated August 18, 2022). Drill hole LC22-818 intersected a 7.2m wide mineralized interval (6.7m ETW), at 15.36 g/t Au and 16.0 g/t Ag, 69.2m below surface (see table below and Figure 3 - Cross Section B-B'). The interval contains two mineralized quartz veins grading 35.85 g/t Au and 30.8 g/t Ag over 2.0m (1.9m ETW) and 25.80 g/t Au and 35.6 g/t Ag over 1.4m (1.3m ETW) respectively, separated by mineralized country rock (see table below). This drill hole confirmed an 82m down dip extension of the near surface mineralization encountered in hole CG18-24, which intersected an interval of 23.63 g/t Au and 25.1 g/t Ag over 5.7m (4.3m ETW), 20.4m below surface and 56m from drill hole CG18-25, which intersected 11.31 g/t Au and 12.2 g/t Ag, over 4.2m (3.7m ETW), 36.6m below surface (see press release dated December 8, 2018). Additional holes are planned to test the potential strike and dip extension of this zone.
Las Conchitas – North
2022 drilling at LC-N has outlined multiple stacked mineralized zones, including the recently identified Mina Francisco mineralization, which comprises two separate veins. To date, a total of 15,600 meters (m) in the 2022 drilling campaign have been completed in 106 drill holes at the LC-N area. The objective of the drilling presented in this press release was to test mineralization amenable to both open pit and underground mining methods.
Two drill rigs are testing the extension of the Mina Francisco structure. At the north slope of San Pablo hill (see drill plan), drill hole LC22-721 intersected 25.81 g/t Au and 45.4 g/t Ag over 1.1m (1.0m ETW), 179m from surface. Drill hole LC22-723 intersected 20.17 g/t Au and 16.5 g/t Ag over 1.2m (1.0m ETW), 174m below surface (see table below and Cross Section A-A'). Drill hole LC22-549, collared at the south slope and 191m along strike from drill hole LC22-723 (described above), intersected the Mina Francisco structure at 147.5m below surface (results pending). This hole also intersected 12.88 g/t Au and 18.0 g/t Ag over 3.1m (2.7m ETW), 55m below surface, currently interpreted as a new zone, San Pablo 2 ("SP2").
The objective of the current drilling at LC-S is to extend previously identified mineralized structures both along strike and dip. Several drill holes were designed to test the extension of the Mango zone intersected by drill hole LC19-101 grading 19.55 g/t Au and 40.6 g/t Ag over 1.2m (see press release dated August 19, 2019). Drill hole LC22-475 intersected 10.98 g/t Au and 27.0 g/t Ag over 2.0m (1.7m ETW), including 20.80 g/t Au and 49.9 g/t Ag over 1.0m, approximately 39m southwest by strike from the intercept of drill hole LC19-101 and situated 33m from surface. This drill hole confirmed down dip extension for a total of 195.4m and indicates that mineralization is open to the SW. Drill hole LC22-465 tested the northeast extension of the Mango zone and intersected 10.40 g/t Au and 16.1 g/t Ag over 0.90m (ETW), 76m below surface, successfully extending the zone along strike for additional 68m.
Drill core was continuously sampled from inception to termination of the entire drill hole. Sample intervals were typically one meter with a minimum sample width of 50 cm. Drill core diameter was HQ (6.35 centimeters). Geologic and geotechnical data was captured into a digital database, core was photographed, then one-half split of the core was collected for analysis and one-half was retained in the core library.
Samples were kept in a secured logging and storage facility until such time that they were delivered to the Managua facilities of Bureau Veritas and pulps were sent to the Bureau Veritas laboratory in Vancouver for analysis. Gold was analyzed by standard fire assay fusion, 30-gram aliquot, AAS finish. Samples returning over 10.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric method. The Company follows industry standards in its QA&QC procedures. Control samples consisting of duplicates, standards, and blanks were inserted into the sample stream at a ratio of 1 control sample per every 10 samples. Analytical results of control samples confirmed reliability of the assay data. No top cut has been applied to the reported assay results.
John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this press release. Mr. Kowalchuk is a senior geologist and a consultant to the Company.
On behalf of the Board,
Akiba Leisman
Chief Executive Officer
Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally. Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.
Statements contained herein that are not historical fact are considered "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is based on management's current expectations, beliefs and assumptions, and includes, without limitation: the objectives of the drilling campaign; the plan to continue drilling the Las Conchitas area with five of the seven diamond drill rigs on site with the objective of further expansion of the mineralized structures in all three areas in preparation for a maiden resource by Q1 2023; the expectation of additional discoveries; and that the Company meets its object of operating San Albino profitably while continuing to fund exploration of prospective targets. Such forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking information, including, without limitation, the risk that additional satisfactory exploration results will not be obtained; the risk that the Company will not release additional exploration results on the timeline expected; the risk that additional discoveries will not continue; that exploration results will not translate into the discovery of an economically viable deposit; risks and uncertainties relating to political risks involving the Company's exploration and development of mineral properties interests; the inherent uncertainty of cost estimates and the potential for unexpected costs and expense; commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties disclosed in the Company's public filings at www.sedar.com. Forward-looking information contained herein is based on management's best judgment as of the date hereof, based on information currently available and is included for the purposes of providing investors with the Company's plans and expectations at the Las Conchitas area, and may not be appropriate for other purposes.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Mako Mining Corp. | https://www.whsv.com/prnewswire/2022/09/08/mako-mining-intersects-1536-gt-au-160-gt-ag-over-67m-estimated-true-width-las-conchitas-central-with-additional-intercepts-las-conchitas-north-south/ | 2022-09-08T12:29:32Z |
Only inflation and housing costs outpaced health care costs as a leading challenge
BOSTON, Sept. 8, 2022 /PRNewswire/ -- The cost of health care, not the COVID-19 pandemic, is now the top health care concern facing residents of the Commonwealth. Massachusetts residents reported that only inflation and the cost of housing were greater challenges than the cost of health care, according to a new survey commissioned by Blue Cross Blue Shield of Massachusetts ("Blue Cross"). The survey, conducted by Beacon Research, also found that the cost of care resulted in skipped or delayed health care for nearly half of Massachusetts residents.
"After two years of intense focus on COVID, cost is again the primary health care issue facing Massachusetts residents," said Chris Anderson, founder and president of Beacon Research. "Consumers strongly believe that this is an urgent issue that health plans, the government and hospitals should be working to address."
Key findings from the survey included:
- Massachusetts residents are three times more concerned about cost of care over quality, access or the COVID-19 pandemic.
- Health care costs are challenging family finances for nearly two-thirds of MA residents, trailing only the daily pressure of gasoline and food price increases.
- 80% of Massachusetts residents think it is highly/extremely important to take action on health care costs.
- When asked who they think should be doing more to control health care costs, residents cited health plans (87%), government (85%) and hospitals (81%).
- Massachusetts residents are putting off needed health care (42%) and prescriptions (26%) because of cost.
- Younger and affluent residents are the most likely to think care is unaffordable.
"As we emerge from the COVID pandemic, we conducted this poll to better understand what Massachusetts residents believe are the key priorities in health care," said Jay McQuaide, senior vice president and chief communications officer at Blue Cross. "There is a clear call to action in these survey results for those of us in health care to do more and to act with greater urgency to address the unsustainable rise in health care costs."
Blue Cross is working with others in health care to responsibly moderate the growth in health care spending. Among the steps the company is taking:
- Collaborating with physicians and hospitals to achieve contracts that reflect the community's serious concerns related to health care costs
- Advancing next-generation value-based payments
- Better supporting members managing chronic conditions
- Managing pharmacy spending – the company's most-used benefit – to ensure members are getting high quality, clinically appropriate prescription drugs
A total of 1,004 Massachusetts adults were interviewed for this survey between the dates of June 14-23, 2022. The survey was conducted using a mixed methodology approach with approximately half of the interviews conducted by live interviewer telephone calls and half online. Slight weights were used to bring the demographics of the sample in line with actual demographics of Massachusetts.
Complete poll results can be found here.
About Blue Cross Blue Shield of Massachusetts
Blue Cross Blue Shield of Massachusetts (http://www.bluecrossma.org) is a community-focused, tax-paying, not-for-profit health plan headquartered in Boston. We are committed to the relentless pursuit of quality, affordable and equitable health care with an unparalleled consumer experience. Consistent with our promise to always put our members first, we are rated among the nation's best health plans for member satisfaction and quality. Connect with us on Facebook, Twitter, YouTube, and LinkedIn.
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SOURCE Blue Cross Blue Shield of Massachusetts | https://www.whsv.com/prnewswire/2022/09/08/massachusetts-residents-cite-health-care-costs-not-covid-primary-health-care-concern/ | 2022-09-08T12:29:39Z |
BALTIMORE, Sept. 8, 2022 /PRNewswire/ -- Medifast, Inc. (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, announced today that Dan Chard, Chairman and Chief Executive Officer, and Jim Maloney, Chief Financial Officer, will meet with investors and participate in a fireside chat at the Jefferies Virtual Fitness & Wellness Summit, to be held September 12, 2022.
A webcast of the fireside chat will be available Monday, September 12, 2022 at 9:00am ET over the Internet hosted on the Investor Relations section of Medifast's website at www.MedifastInc.com, and will be archived for approximately 30 days.
About Medifast®: Medifast (NYSE: MED) is the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, which offers scientifically developed products, clinically proven plans and the support of independent OPTAVIA Coaches and a Community to help Customers achieve Lifelong Transformation, One Healthy Habit at a Time®. As the publicly traded market leader by revenue in the U.S. $7 billion weight management industry, the company has impacted more than 2 million lives through its Community of OPTAVIA Coaches, who teach Customers how to develop holistic healthy habits through the proprietary Habits of Health® Transformational System. Medifast was recognized in 2022 as one of America's Best Mid-Sized Companies by Forbes, in 2020 and 2021 as one of FORTUNE's 100 Fastest-Growing Companies and was named to Forbes' 100 Most Trustworthy Companies in America list in 2017. For more information, visit MedifastInc.com or OPTAVIA.com and follow @Medifast on Twitter.
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SOURCE Medifast, Inc. | https://www.whsv.com/prnewswire/2022/09/08/medifast-inc-present-jefferies-virtual-fitness-amp-wellness-summit/ | 2022-09-08T12:29:45Z |
GRAND RAPIDS, Mich., Sept. 8, 2022 /PRNewswire/ -- Meijer pharmacists say our new lifestyles – hybrid work routines, classrooms, and after-school activities – combined with lower immunity thresholds means keeping up to date with vaccinations is important as families begin to plan for the holiday season.
Pharmacists at the Midwestern retailer suggest scheduling the updated COVID-19 booster, which targets the most commonly circulating BA.4 and BA.5 Omicron strains and is now available at Meijer pharmacies. Other vaccines, including flu shots, can be scheduled at the same time and are an important way for families to protect themselves and those around them throughout the fall and winter months.
"The pace of our household routines began to increase with the return to school and will extend through the holidays into the new year," said Jackie Morse, Meijer Vice President of Pharmacy. "Combining your flu and other vaccinations when receiving your updated COVID-19 booster not only saves time but can have real benefit as we look forward to spending time with friends or attending concerts, sporting events, and family gatherings."
All Meijer pharmacies across the Midwest are now offering the updated booster vaccine, as well as vaccines for shingles, pneumonia, whooping cough, meningitis, tetanus and others.
To schedule a vaccine appointment, text "COVID" or "flu" to 75049, visit Clinic.Meijer.com, or call your local Meijer pharmacy.
According to CDC guidance, all Meijer vaccinators wear masks and follow specific protocols to disinfect all surfaces and areas where shots are administered between each patient. Customers are required to wear masks during the vaccination's administration. Most Meijer pharmacies have private consultation rooms where patients can receive their immunizations.
Depending on age, health status and state regulations, Meijer offers a variety of vaccine options. For more information on the different kinds of vaccines and the importance of the flu shot, please refer to Centers for Disease Control and Prevention.
Vaccinations at Meijer may also count as prescription credits in the mPerks Pharmacy Rewards Program, which allows customers to earn savings on future purchases in the store.
About Meijer: Meijer is a Grand Rapids, Mich.-based retailer that operates 262 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin. A privately-owned and family-operated company since 1934, Meijer pioneered the "one-stop shopping" concept and has evolved through the years to include expanded fresh produce and meat departments, as well as pharmacies, comprehensive apparel departments, pet departments, garden centers, toys and electronics. For additional information on Meijer, please visit www.meijer.com. Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.
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SOURCE Meijer | https://www.whsv.com/prnewswire/2022/09/08/meijer-pharmacists-prepare-administer-updated-covid-19-boosters/ | 2022-09-08T12:29:51Z |
- Data from University Hospital Basel (UHB) study supports the clinical development of MindMed's proprietary MM-120 product candidate for Generalized Anxiety Disorder ("GAD") –
- Patient dosing in Phase 2b trial ongoing for MM-120 in GAD–
- MindMed currently owns and retains all clinical data and manufacturing rights for MM-120 and intends to continue broadening its intellectual property portfolio -
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), (NEO: MMED), (the "Company" or "MindMed"), a clinical stage biopharmaceutical company developing novel products to treat brain health disorders, today announced that the manuscript "Lysergic Acid Diethylamide-Assisted Therapy In Patients With Anxiety With And Without A Life-Threatening Illness A Randomized, Double-Blind, Placebo-Controlled Phase II Study," has been published in the peer-reviewed scientific journal Biological Psychiatry. The paper expands on previously reported positive data that was featured in an oral presentation at the PSYCH Symposium in London on May 11, 2022.
Rob Barrow, CEO and Director of MindMed, stated: "This paper further reinforces the positive preliminary evidence for LSD in patients who suffer from anxiety disorders. Acute administration of LSD produced long-lasting and notable reductions of anxiety and comorbid depression symptoms for up to 16 weeks. These results are encouraging and supportive of our proprietary MM-120 product candidate in its potential to one day offer a therapeutic benefit for patients suffering from GAD after just a single-dose administration."
"Patient dosing in our Phase 2b trial for MM-120 is ongoing and we are continuing to leverage this momentum in our mission to bring our novel therapeutic option to market. We believe MM-120 has a highly attractive commercial opportunity given its potential benefits for GAD patients. We also continue to advance our efforts to further strengthen the protection of our intellectual property and proprietary technology that is important to our business. Our exclusive rights to the data from this study through our strong and productive collaboration with the Liechti Lab at UHB only enhance our leading position in the development of MM-120. We continue to protect and build on this position by filing multiple layers of intellectual property applications and continue to retain clinical data, manufacturing rights to and know-how for our proprietary MM-120 product, which we believe offers significant advantages as a pharmaceutical product over the free-base form of LSD."
Daniel R. Karlin, MD, MA, Chief Medical Officer of MindMed, added, "GAD is a debilitating mental health disorder that is often insufficiently managed with available medications and can significantly impair one's ability to function. We are encouraged by the lasting effects observed in this robust clinical study, which further highlights the therapeutic potential of MM-120 to address the unmet need for novel treatment options."
- MindMed's lead drug candidate, MM-120, is a proprietary, pharmaceutically optimized form of LSD D-Tartrate that is separate from the free-base form of LSD (CAS-50-37-3).
- The Company also has a broad, multi-year exclusive research partnership with UHB in addition to exclusive worldwide rights to data, compounds and patent rights associated with UHB's research on LSD and other compounds, including data from preclinical studies and ongoing LSD trials.
- The Phase 2b trial in patients diagnosed with GAD is a multi-center, parallel, randomized, double-blind, placebo-controlled, dose-optimization study. The trial is expected to enroll 200 participants who will receive a single administration of up to 200 µg of MM-120 or placebo.
- The primary objective is to determine the reduction in anxiety symptoms four weeks after a single administration of MM-120, compared across the five treatment arms. Key secondary objectives, measured up to 12 weeks after the single administration, include assessments of safety and tolerability as well as quality of life. More information about the trial is available on MindMed's website (mindmed.co) or on clinicaltrials.gov (NCT05407064).
- As detailed in the Company's 2022 annual report on Form 10-K, MindMed's patent strategy includes pursuing protection for compositions of matter, methods of treatment, and diagnostic devices and analytics related to psychedelics. MindMed's patent portfolio includes 26 pending U.S. applications, and 12 pending Patent Cooperation Treaty (PCT) applications. If granted, patents based on these applications have a projected expiry date beginning in 2040.
- The Company intends to continue its multifaceted strategy of seeking and maintaining patents intended to cover its product candidates and compositions, their methods of use and processes for their manufacture, and any other aspects of inventions or applications such as digital medicine approaches that are commercially important to the development of our business. We retain all rights to the intellectual property we have acquired and developed internally and remain highly confident in our intellectual property strategy.
MindMed is a clinical stage biopharmaceutical company developing novel products to treat brain health disorders. Our mission is to be the global leader in the development and delivery of treatments that unlock new opportunities to improve patient outcomes. We are developing a pipeline of innovative drug candidates, with and without acute perceptual effects, targeting the serotonin, dopamine, and acetylcholine systems.
MindMed trades on NASDAQ under the symbol MNMD and on the Canadian NEO Exchange under the symbol MMED.
Certain statements in this news release related to the Company constitute "forward-looking information" within the meaning of applicable securities laws and are prospective in nature. Forward-looking information is not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "will", "may", "should", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe", "potential" or "continue", or the negative thereof or similar variations. Forward-looking information in this news release includes, but is not limited to, potential therapeutic benefits, statements regarding anticipated upcoming studies, the advantages of MM-120 over the free-base form of LSD, the Company's ability to commercialize MM-120, the commercial opportunity of MM-120, and the Company's ability to protect its intellectual property and proprietary technology. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including history of negative cash flows; limited operating history; incurrence of future losses; availability of additional capital; lack of product revenue; compliance with laws and regulations; difficulty associated with research and development; risks associated with clinical trials or studies; heightened regulatory scrutiny; early stage product development; clinical trial risks; regulatory approval processes; novelty of the psychedelic inspired medicines industry; as well as those risk factors discussed or referred to herein and the risks described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and its Quarterly Reports on Form 10-Q for the periods ended March 31, 2022 and June 30, 2022 under headings such as "Special Note Regarding Forward-Looking Statements," and "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and other filings and furnishings made by the Company with the securities regulatory authorities in all provinces and territories of Canada which are available under the Company's profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.
For Media: media@mindmed.co
For Investors: ir@mindmed.co
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SOURCE Mind Medicine (MindMed) Inc. | https://www.whsv.com/prnewswire/2022/09/08/mindmed-announces-positive-results-collaborators-placebo-controlled-investigator-initiated-trial-published-peer-reviewed-journal/ | 2022-09-08T12:29:57Z |
Castro, formerly of YETI, joins Miro to lead the evolution of the company's People practices and culture and support scaling the Global team across its 12 hubs
SAN FRANCISCO and AMSTERDAM, Sept. 8, 2022 /PRNewswire/ -- Miro, the online platform accelerating innovation through visual collaboration, today announced the appointment of Hollie Castro as its Chief People Officer. Castro brings more than 20 years of experience in designing people and operating practices for global businesses, specializing in building world-class teams and evolving company culture at high-growth startups and enterprises alike, including YETI, Cisco, GE, and BMC Software. In her role, Castro will lead Miro's People team, defining the strategies that will shape the company's global culture and further establishing Miro as an employer of choice. Castro will join Miro's Austin hub and will report directly to co-founder and CEO, Andrey Khusid.
"At Miro, our users and our people are at the heart of all we do," said Andrey Khusid, Miro co-founder and CEO. "Hollie's global business acumen and human resource expertise helps us continue developing a highly inclusive, deeply collaborative, high-functioning company culture, enabling us to realize our mission to empower teams to build the next BIG thing with Miro. We are excited to have her join to help shape this next stage of our journey."
Prior to joining Miro, Castro served as the Chief Human Resources Officer and SVP, Environmental, Social, and Governance (ESG) at YETI. As an officer and member of YETI's executive team, Castro supported the company through its IPO in 2018, doubled headcount across 10 countries, and built its first Environment, Social, and Governance strategy. She also partnered closely with YETI CEO Matthew J. Reintjes to evolve and scale company culture and values, which were based on teamwork, innovation, humility, and customer centricity. While at YETI, Castro helped build a diverse leadership team and People function and developed sustainable practices across the organization, thereby helping to drive increased shareholder and employee value. This appointment marks Castro's fifth Chief People Officer role in which she has led significant culture, growth, and change agendas.
"Our ways of working are fundamentally shifting – hybrid teams are now commonplace, employee expectations are evolving, and the infrastructure we built around work is no longer relevant. This all presents tremendous opportunities for companies to reimagine their employee experiences and workplace cultures. Miro is well-positioned to be a leader in defining what the future of work really looks like, both through our product offering as well as through our own approach and practices," said Castro. "I'm excited to join Miro at this pivotal moment and I look forward to helping the company perfect the science behind successful distributed teams."
Castro joins Miro after the visual collaboration company secured the #4 spot on this year's Forbes Cloud 100, a definitive ranking of the top 100 private cloud companies in the world, and announced Miro for Google Meet, which significantly advances its portfolio of products with Google Workspace.
Castro is currently on the advisory board at Texas A&M University's Mays Business School - Center for Human Resources. She holds an International MBA from Thunderbird University and is a Certified Professional Director with the National Association of Corporate Directors.
Miro is an online, visual collaboration platform designed to unlock creativity and accelerate innovation among teams of all kinds. The platform's infinite canvas enables teams to lead engaging workshops and meetings, design products, brainstorm ideas, and more. Miro, co-headquartered in San Francisco and Amsterdam, serves more than 35M users worldwide, including 99% of the Fortune 100. Miro was founded in 2011 and currently has more than 1,500 employees in 12 hubs around the world. To learn more, please visit: https://miro.com.
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SOURCE Miro | https://www.whsv.com/prnewswire/2022/09/08/miro-bolsters-executive-team-with-appointment-hollie-castro-chief-people-officer/ | 2022-09-08T12:30:04Z |
ST. LOUIS, Sept. 8, 2022 /PRNewswire/ -- Mississippi Lime Company (MLC), an HBM Holdings company headquartered in St. Louis, has acquired Singleton Birch, the leading independent supplier of lime products in the United Kingdom. The acquisition, which closed today, is part of MLC's strategy to drive growth, innovation and sustainability through geographic expansion and new products and technologies that proactively address customers' changing needs. Financial terms of the transaction will not be released.
"For more than 115 years, Mississippi Lime has been focused on meeting the evolving needs and priorities of our customers. That focus has served our customers, our employees and our business very well. Our approach is to grow by finding businesses that represent a good cultural fit for us and can complement what we already provide to customers. Singleton Birch is a great fit, and we are delighted to welcome them to the Mississippi Lime family today," said Paul Hogan, President and CEO of Mississippi Lime Company.
Singleton Birch is based in North Lincolnshire, UK, where it employs more than 150 staff. It will continue to operate under its existing brand and the Singleton Birch management team, led by Chief Executive Officer Richard Stansfield, who will remain in place.
"Singleton Birch has done tremendous work, and we are grateful that Richard and the leadership team will remain in their roles leading the business," said Hogan. "This acquisition is about growth, innovation and sustainability, and we do not anticipate reducing the number of jobs at Singleton Birch as a result of this transaction."
"Being part of the Mississippi Lime family will enable us to invest more and power the growth of Singleton Birch," said Stansfield. "We're delighted to have a partner for the next stage in our development that shares our culture and values."
Singleton Birch has a number of business lines, including a chemicals division, which provides specialty calcium products to the rubber and plastics markets. It also provides services and solutions to the renewable energy, water treatment and waste management industries.
Singleton Birch is an industry leader in sustainability. The business works with local farms to run anaerobic digesters that provide electricity used by the business from renewable zero-carbon sources. Like Mississippi Lime, Singleton Birch has partnered with Origen to develop greener and more sustainable lime kiln technologies.
"The commitment that Singleton Birch has already made to sustainability is significant and will help inform and drive MLC's ESG efforts," said Hogan.
Mississippi Lime Company, headquartered in St. Louis, Missouri, is a leading global supplier of high-calcium lime products and technical solutions. With over a century in business, the company has built a reputation on the purity of its products, commitment to research and development, and tradition of customer satisfaction.
Mississippi Lime operates the largest lime facility in the Americas and mines some of the purest limestone reserves in the world. The company supplies high-calcium quicklime, hydrated lime, calcium carbonate products, trucking services, and technical solutions from a diversified, reliable network of facilities in Ste. Genevieve, Missouri; Calera, Alabama; Verona, Kentucky; Vicksburg, Mississippi; Weirton, West Virginia; Chester, South Carolina; Mobile, Alabama; Prairie du Rocher, Illinois; as well as several distribution sites throughout the country. For more information, visit MLC.com.
HBM Holdings is an investment and management company comprised of a diversified portfolio of middle-market businesses. HBM invests in and builds high-performing companies in minerals, specialty chemicals, flow control devices, and precision machined components. The firm's portfolio of companies includes Mississippi Lime Company, HarperLove, Control Devices, and Schafer Industries. For more information, visit https://hbmholdings.com.
Singleton Birch was founded over 200 years ago. Over these two centuries and more it has established itself as the UK's leading independent lime supplier, with an exceptional reputation for quality and service.
The business has diversified into a number of different sectors; each operation is part of the Singleton Birch family and encompasses the same standards of excellence in all they do.
- Birch Lime focuses on lime and chalk products used in environmental control, the production of steel, various chemical processes, waste and water treatment, production of lightweight building materials and other sectors of the construction industry.
- Birch Chemicals supplies high quality products to the global plastics and rubber industry.
- Birch Solutions operates in the renewable energy and utilities sector.
- Birch Energy operates anaerobic digestion plants, generating 99% of the electricity that the business uses from farm wastes and products.
- Birch Waste is the waste management division incorporating both non-hazardous landfill and waste treatment processes.
For more information visit SingletonBirch.co.uk.
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SOURCE Mississippi Lime Company | https://www.whsv.com/prnewswire/2022/09/08/mississippi-lime-company-drives-global-expansion-with-acquisition-singleton-birch/ | 2022-09-08T12:30:11Z |
RESEARCH TRIANGLE PARK, N.C., Sept. 8, 2022 /PRNewswire/ -- Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA") and PurThread Technologies, Inc. ("PurThread") have announced an expanded partnership to bring PurThread's patented permanent antimicrobial yarns combined with recycled polymers to production and distribution of textiles and soft goods in Asia.
As the current global pandemic evolves to be more endemic, consumers and businesses alike seek forward-looking solutions to reduce exposure to pathogens that can cause odor and other problems, while simultaneously keeping sustainability at the forefront of their efforts. Developed with manufacturers and product designers in mind, PurThread's innovative fibers and yarns embed a patented combination of natural silver and copper salts to enhance its partners' products with unsurpassed antimicrobial capability, durability, and freshness without any special handling requirements. Adding this technology to a recycled polymer stream creates a unique combination that reflects Mitsui USA's strong commitment to the development and market introduction of state-of-the-art technologies in functional textiles.
"We are thrilled to expand the offering of PurThread's antimicrobial yarn by now making it in Asia with recycled polymers," said Lisa T. Grimes, President & CEO of PurThread. "Customers have wanted not only the antimicrobial strength of PurThread but they also want sustainability, so we're pleased to announce PurThread's availability in recycled polymers. While PurThread has been, and continues to be, produced in the US, we want to meet our partners' needs with sourcing available in Asia."
Ikuya Hagiri, General Manager of Mitsui USA's Fashion & Textile Department added, "We are extremely pleased to be expanding our collaboration of offering PurThread's advanced antimicrobial technology in a recycled yarn alongside Mitsui's extensive network in the functional textile industry. We believe that by meeting our customers' needs for a permanent antimicrobial textile solution, combined with a well-known leader in technical yarn production, we will continue to meet the needs of our global customers."
PurThread Technologies, Inc. protects fabrics by embedding EPA-registered silver and copper salts into fiber and yarns, making them permanently antimicrobial and allowing them to remain fresher longer. PurThread nonconductive yarns protect fabrics from the effects of microbial contamination and reduce odor-causing bacteria, viruses and fungi – for the life of the product. A wide range of consumer, industrial and healthcare textiles benefit from incorporating PurThread, including masks, linens, scrubs, uniforms, activewear and other apparel. For more information, visit www.purthread.com.
Mitsui & Co.(U.S.A.), Inc.("Mitsui USA") is a wholly owned subsidiary of Mitsui & Co. Ltd., based in Tokyo, Japan, which is one of the most diversified and comprehensive trading, investment, and service enterprises in the world. Mitsui & Co., Ltd. pursues "360° business innovation" that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects. For more information visit http://www.mitsui.com/us.
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SOURCE PurThread Technologies | https://www.whsv.com/prnewswire/2022/09/08/mitsui-usa-purthread-partner-offer-expansion-purthreads-technology-asia/ | 2022-09-08T12:30:17Z |
DALLAS, Sept. 8, 2022 /PRNewswire/ -- Nanoscope Therapeutics Inc., a clinical-stage biotechnology company developing gene therapies for retinal degenerative diseases, today announced that Dr. Samarendra Mohanty, Co-Founder and President, will give a presentation on the clinical development of Nanoscope's Multi-Characteristic Opsin (MCO) gene therapy platform and participate in a panel titled "Gene Therapy for Ophthalmic Disorders – A Year in Review" at the 3rd Annual Gene Therapy for Ophthalmic Disorders Meeting, taking place September 13-16, 2022 in Boston, MA.
Details for the presentation are as follows:
Exploring Ambient Light Activatable Optogenetics for Vision Restoration in Retinal Degenerative Diseases
Date and Time: Thursday, September 15, 2022; 9:00-9:30 a.m. ET
Location: DoubleTree by Hilton Boston North Shore
In addition to highlighting the benefits of MCO gene therapy, Dr. Mohanty will detail Nanoscope's Phase 2b RESTORE trial from its lead clinical program. RESTORE trial results, along with six-month data from the Phase 2 STARLIGHT trial for Stargardt disease, are expected in H1 2023. He will also participate in the panel on Wednesday, September 14, 2022; 8:25-9:05 am ET.
Two other additional technical leaders of Nanoscope, Dr. Subrata Batabyal and Dr. Sanghoon Kim, will be featured in a pre-conference workshop highlighting non-viral spatially targeted, laser gene delivery to retina (details below). Nanoscope's MCO-020 gene therapy program is based on targeted laser-delivery of optogenes to areas of geographic atrophy in advanced AMD patients, and currently undergoing IND-enabling studies.
Workshop A: Discussing the Use of Non-Viral Gene Delivery as a Therapeutic Modality to the Eye
Date and Time: Tuesday, September 13, 2022; 8:30-11:00 am ET
Location: DoubleTree by Hilton Boston North Shore
Nanoscope Therapeutics is developing gene-agnostic, sight restoring optogenetic therapies for the millions of patients blinded by retinal degenerative diseases, for which no cure exists. The company's lead asset, MCO-010, is presently in Phase 2b multicenter, randomized, double-masked, sham-controlled clinical trials in the U.S. for retinitis pigmentosa (NCT04945772) with top line data expected H1 2023. The company has also initiated a Phase 2 trial of MCO-010 therapy in Stargardt patients (NCT05417126). MCO-010 has received FDA orphan drug designations for RP and Stargardt. Preclinical assets include non-viral laser delivered MCO-020 gene therapy for geographic atrophy.
Investor Contact:
Argot Partners
212-600-1902
Nanoscope@argotpartners.com
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SOURCE Nanoscope Therapeutics | https://www.whsv.com/prnewswire/2022/09/08/nanoscope-therapeutics-present-3rd-annual-gene-therapy-ophthalmic-disorders-meeting/ | 2022-09-08T12:30:24Z |
Leeds United FC Improves Customer Experience & Celebrates Fifteen Years' No-Fail Networking Thanks to Allied Telesis and NETprotocol
SWINDON, England, Sept. 8, 2022 /PRNewswire/ -- Leeds United Football Club (LUFC) is improving the customer experience for fans and visitors when using the turnstiles at its Elland Road Stadium in Leeds as part of an upgrade to its existing Allied Telesis high capacity resilient network core. The smooth working of the turnstiles, along with all other aspects of the club's business, depend on reliable connectivity thanks to a high-capacity Allied Telesis network that has been in steady operation with no downtime for a decade and a half. Designed, installed, maintained, and supported by NETprotocol, a platinum-level Allied Telesis partner, the network covers the club's Elland Road Stadium in Leeds and its training grounds 20 kilometres away in Thorp Arch, Wetherby.
"Our mission critical network operates every facet of our business – from back-office to security operations located around the ground," says Mark Broadley, Head of IT and Facilities for LUFC. "We put our trust in NETprotocol's expertise and Allied Telesis all those years ago when they assured us that the network would be highly reliable. The network has run continuously since then and that is valuable to us."
Leeds United FC's Elland Road Stadium has capacity for 38,000 seated fans and is England's 14th largest football ground. From a network perspective, LUFC is challenging as it needed around the clock no fail network operations for all its internal businesses within the stadium grounds including back-office administration, call centre, hospitality and executive suites, ticketing, merchandise shop, press box, television studio and a CCTV security system that operates several hundred surveillance cameras throughout the whole stadium complex.
"There are so many moving parts to the network in this dynamic stadium environment. We must meet so many different objectives under one roof, and we have to know that everything works just the way we need it to, without fail. Having confidence in all that makes my job so much easier," says Mark Broadley.
With nearly 200 cameras around the stadium, the CCTV is a key part of the infrastructure, designed to protect the 40,000+ fans and workers in the stadium on game days. As a failure of the CCTV system would trigger cancelation of a match, NETprotocol installed a dedicated network layer using an Allied Telesis switch that supports Power over Ethernet (PoE) to each camera around the campus, further ensuring continuous operation of the security system.
Leeds United's network continues to be critical as more modern systems are onboarded and more services become digitalised. The team's promotion to the Premier League prompted many upgrades in services and networking to support match day requirements for press, traveling teams, security and more.
"We recently increased the network bandwidth by putting more fibre into the network to support additional communications lines, such as for streaming games and interviews out over LUFC-TV," says Broadley. "We replaced the network cores with even higher capacity connections, upgraded to the latest AlliedWare Plus operating system, and put a new management layer in place. With a single pane of glass management system over the entire network, we can view everything in much more detail."
The LUFC network is based on two high-capacity, diversely routed fibre connections constituting the resilient network core. One 20 gig connection is in the main data centre in the East Stand and one 20 gig connection in the ticket office in the West Stand. The diversely routed fibres going east to west and west to east around the stadium create a 40-gig ring that is completely faultless. Connected to these two cores are several edge cabinets that run the rest of the structure. A Vista Manager EX network management platform and the Autonomous Management Framework (AMF) from Allied Telesis, which is run from a single pane of glass to allow centralised display of network details, status, event information and automates common tasks like firmware updates, backups, and zero-touch provisioning.
Chris Dyke, Sales Director UK & Ireland, Allied Telesis, says: "When we install, secure, and modernise a network, its longevity is of paramount importance to us. The network at Leeds United FC is a great example of this and we look forward to our partnership lasting many more years to ensure the network continues to deliver ROI in terms of productivity, security and, most important of all, keeping the matches going every season."
About Allied Telesis
For over 30 years, Allied Telesis has delivered efficient, secure, cost-effective connectivity for enterprise organizations and complex infrastructure projects. Our award-winning technologies keep pace with network evolution, ensuring our customers enjoy efficient services and applications well into the future. Visit us at www.alliedtelesis.com
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SOURCE Allied Telesis | https://www.whsv.com/prnewswire/2022/09/08/network-upgrade-improves-fan-experience-leeds-united-fc/ | 2022-09-08T12:30:31Z |
SHANGHAI, Sept. 8, 2022 /PRNewswire/ -- The Brain Sciences Theme Forum of 2022 World Artificial Intelligence Conference (WAIC) was held at Shanghai World Exhibition and Convention Center on September 2. NeuroXess, a China-based high-tech life science company focusing on flexible electrode BCI (brain-computer interface) technologies, made its debut at the event with a new lineup of products, including NeuroInterface, the first integrated cranial parietal semi-implantable medical-grade BCI, CereCube, a high-frequency EEG signal processor, and MindExplorer, a software and algorithm cloud platform.
NeuroXess founder and CEO Peng Lei said that the new offerings are, for the most part, targeted to two markets. For one, they will serve as a basic research tools platform for the scientific research market to support brain-related projects while, for the other, they can be used to advance clinical trials in stages while remaining in compliance with processes required with therapies for ALS, high paraplegia, blindness and other indications.
The compact-sized NeuroInterface is an integrated cranial parietal semi-implantable BCI designed based on medical-grade implant standards. The BCI can support up to 256 channels, double that of similar applications which are limited to 128 channels. The 30KHz sampling rate can effectively acquire spike signals, while the 16-bit sampling ensures the quality of the EEG data, providing a high-quality data guarantee for the processing software. Moreover, the interface is compatible with various types of EEG signals sampled simultaneously, including spikes, LFP, and ECoG.
The NeuroInterface offerings include three major flexible electrode BCIs that can meet different clinical needs when working with the cortex and the brain's deeper layers. They are Silktrode, a high throughput flexible deep electrode, Surftrode, a flexible cortical electrode, and Plextrode, a combined deep/cortical electrode.
CereCube is NeuroXess' first high-frequency EEG signal processor. With a strong high-channel and high-frequency acquisition capability, the processor can support up to 2,048 channels, eight times that of traditional clinical products which are limited to 256 channels. Its medical-grade design provides an effective guarantee for the safety and effectiveness of use. Furthermore, to meet the design requirements for Class II medical devices (NMPA/FDA), the processor is compatible with the most common levels of electrical stimulation when applying SEEG and ECoG, as well as both analog and digital signals, and a variety of peripherals.
MindExplorer is NeuroXess' software and algorithm cloud platform, which builds a digital brain bank through the information stored in the cloud to enable continuous product iteration. The massive digital brain bank can not only be used for analysis, but also deliver highly robust solutions that can help medical and scientific institutions meet the needs of different scenarios.
Mr. Peng said that the company will extend the reach of its different scenario-based products by working on multiple scientific research lines, including implants, chips, electrodes, implant robots and algorithm databases, with the goal of delivering several new technological innovations every year.
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SOURCE NeuroXess | https://www.whsv.com/prnewswire/2022/09/08/neuroxess-attends-waic-with-its-first-medical-grade-bci-product-pipeline/ | 2022-09-08T12:30:37Z |
Fear over economic volatility tops the list of concerns for retirement savings, according to a new joint poll from Kiplinger and Athene
WASHINGTON, Sept. 8, 2022 /PRNewswire/ -- Recent volatility in the markets has altered Americans' perceptions around what it means to have a secure retirement, as three-fourths of respondents say they would like more guaranteed income in retirement than they already have or expect to have, according to a new national poll of retirees and near-retirees by Kiplinger's Personal Finance magazine and leading retirement solutions company Athene. Interestingly, more pre-retirees express this desire than current retirees do (82% vs 69%).
The survey, fielded by Qualtrics, found fears about a potential recession and uncertainty over the financial strength of Social Security are respondents' top two financial concerns right now, with almost three-fourths (74%) saying they are worried about the impact of each on their retirement. The rising cost of health care (72%) and inflation (71%) closely follow as other top threats cited in the survey.
A majority of respondents (57%) say that having more guaranteed income in retirement would specifically ease their concerns about running out of money. More than a third (34%) say having more would ease concerns over market volatility.
"Retirees with enough guaranteed income to pay their fixed expenses can stay fully invested in the stock market during a downturn," says Kiplinger magazine editor Mark Solheim. "And that can give their investments an opportunity to rebound once the market picks up again."
So how much guaranteed income is not enough, according to the poll respondents?
- Of those already collecting Social Security, more than three-fourths (76%) say it provides 20% or more of their income in retirement; 43% say it provides 50% or more.
- Of those who have a pension, almost two-thirds (63%) say it provides or could provide 20% or more of their income in retirement; 28% say 50% or more.
- Of those who have an annuity, more than a third (34%) say it provides or could provide 20% or more of their income in retirement; but only 7% say 50% or more.
The poll also shows how annuities can help people feel more secure, with the financial freedom to enjoy life more in retirement.
Respondents without any kind of annuity report a higher level of concern across several measures than respondents with an annuity do:
- While 62% of respondents without an annuity are confident they will have enough retirement income to live comfortably, 74% of respondents with an annuity feel that way.
- Respondents without an annuity express higher levels of concern about the impact of inflation on their retirement savings than those with an annuity do (72% vs 66%). They are also even more likely to have already cut back on spending because of inflation (74% vs 63%).
- And they are somewhat more worried about the following long-term threats to their retirement:
What's more, among respondents who are already retired, those with annuity income report being more satisfied with their lives than those without an annuity. Here's how the two groups responded when asked if they agree with the following statements:
- I spend my time doing things I enjoy (88% vs 78%)
- I'm as busy as I want to be (87% vs 75%)
- I have enough money to buy the things I need (86% vs 75%)
- I am enjoying life (85% vs 78%)
- I have enough money to splurge on things I want (59% vs 50%).
"It's no surprise that a majority of survey respondents are worried given the volatility we've seen in equity and bond markets this year and are looking for ways to protect their retirement savings," says Grant Kvalheim, President of Athene and Chief Executive Officer and President of Athene USA. "Americans want to feel secure so they can enjoy their retirement—and an annuity can help them do that."
The poll was conducted by Qualtrics from June 21-24, 2022, with 818 respondents ages 50 or older. Results have a +/- 3.4% margin of error and a 95% confidence level. Additional survey results have been published on Kiplinger.com.
Survey fielded June 21-24, 2022, by Qualtrics resulting in 818 respondents ages 50 or older, roughly split between fully or partially retired and not retired; also, roughly split between men and women. Respondents with less than $100,000 in household net worth (excluding a primary residence) were not included in the survey. Responses may exceed 100% due to rounding or allowance of multiple responses. Margin of error 3.4% with a 95% confidence level.
For more than 100 years, the Kiplinger organization has led the way in personal finance and business forecasting. Founded in 1920 by W.M. Kiplinger, the company developed one of the nation's first successful newsletters in modern times. The Kiplinger Letter, launched in 1923, remains the longest continuously published newsletter in the United States. In 1947, Kiplinger created the nation's first personal finance magazine. Today, Kiplinger is part of Future PLC, an international media group and leading digital publisher. Become a fan of Kiplinger on Facebook or Kiplinger.com and follow Kiplinger on Twitter and LinkedIn.
Athene, through its subsidiaries, is a leading retirement services company with total assets of $232.3 billion as of June 30, 2022, and operations in the United States, Bermuda, and Canada. Athene specializes in helping its customers achieve financial security and is a solutions provider to institutions. Founded in 2009, Athene is Driven to Do More for our policyholders, business partners, shareholders, and the communities in which we work and live. For more information, please visit www.athene.com.
Contacts
Alissa Neil
For Kiplinger's Personal Finance
Alissa@alissaneilpr.com
(917) 328-4889
Kelly Woerdehoff
AVP Corporate Communications for Athene
(515) 342-5144
KWoerdehoff@athene.com
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SOURCE Kiplinger's Personal Finance | https://www.whsv.com/prnewswire/2022/09/08/new-survey-finds-americans-want-even-more-guaranteed-income-retirement/ | 2022-09-08T12:30:44Z |
A new survey commissioned by A.Team and MassChallenge explores insights from 580+ tech founders and executives on the Great Resignation, return-to-office plans and recession fears.
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- A.Team, the first members-only network of the world's top product builders, and MassChallenge, the global network for innovators, today released their inaugural 2022 Tech Work Report. The tech industry is facing a pivotal moment with the backdrop of the pandemic and difficult economic conditions, pushing leaders to change direction and adapt the way they do business.
The 2022 Tech Work Report arrives on the heels of the Sept. 6th deadline many tech companies set mandating employees to return to the office. It offers a detailed look at the change in tech leaders' sentiments toward remote vs. in-office work models and insight into how they're navigating hiring challenges and reassessing business priorities amid the market downturn.
- 44% say that a significant number of their top performers have exited due to the Great Resignation, and 62% report it takes four months or more to hire product and engineering talent.
- 62% believe shifting to a more flexible work model during the pandemic has increased employee productivity, while 53% say that an economic downturn would make it easier to require employees to return to the office.
- 37% intend to have employees work from the office more over the next 12 months – that number jumps to 55% for more mature Series B, C, D, E and public companies.
- 45% say their hiring plans have increased over the last six months. For founders & executives at the Series B to IPO stage, that number jumps to 59%.
- 70% say the traditional recruiting process takes too long and is too expensive. Product and engineering roles are the hardest to fill (39%).
- 73% of tech companies now have integrated teams of freelancers and full-time employees, and 71% say that bringing on freelancers gives their business greater agility during times of economic uncertainty
- 60% expect to fundraise in the next 12 months, and 78% plan to in the next 18 months.
- When asked to rank their top priorities, revenue growth was the most popular choice at 43%, followed by fundraising (22%). Reducing burn rate and achieving profitability was a distance third (14%).
"What's most fascinating about these findings is how prevalent blended teams of freelancers and full-time employees have become since pre-pandemic times," said Raphael Ouzan, A.Team co-founder and CEO. "This emerging talent model is more than just a cost-cutting measure to weather hard economic conditions. We're seeing some of the world's most highly-skilled builders ditching the 'one job, one role' mentality to go independent. Tech leaders who embrace this growing workforce are bringing on people they could never hire full-time. They'll have a strong advantage over competitors—attracting the brightest minds to build world-changing products at record speed."
"At MassChallenge, we have a unique vantage point to see shifts in the innovation economy broadly, and the startup sector more specifically. We were eager to partner with A.Team to quantitatively explore how founders are navigating fundamental shifts in both workforce and the macro-environment," said Cait Brumme, CEO of MassChallenge. "I believe founders and funders will find this research insightful as they make decisions on key questions related to the future of work and fundraising. Without a doubt, this research showcases how founders remain agile and optimistic in the face of extraordinary change."
To view the full findings within the 2022 Tech Work report, please visit a.team/mission/2022-tech-work-report
A.Team and MassChallenge partnered to survey 2,568 tech employees based in the United States. This report focused on a subset of 581 tech founders and executives (C-Suite or department leaders). All respondents identified themselves as owners/founders, partners, members of the c-suite, or VPs/heads of departments, actively serving in a leadership role at their organization. Respondents were all surveyed in July 2022 through the MassChallenge network of founders, experts, and partners. Respondents ranged from Seed to IPO companies, with a small subset of (10%) self-funded or grant funded.
A.Team is the first members-only network of the world's top engineers, product managers, designers, and marketing talent, designed to help growing companies accelerate product development through the power of great teams. A.Teamers come together as cloud-based, modular teams to work on problems they care about for forward-thinking companies—with the freedom, flexibility, and autonomy they crave. For more information please visit a.team.
MassChallenge is the global network for innovators. Headquartered in the United States with eight locations worldwide, it is the non-profit's mission to help bold entrepreneurs disrupt the status quo and create sustainable change. Since launching in 2009, MassChallenge has run programs in 18 countries, supported more than 3,500 startups from around the world and awarded over $17M in equity-free cash and prizes. Learn more about MassChallenge at masschallenge.org.
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SOURCE A.Team | https://www.whsv.com/prnewswire/2022/09/08/new-tech-work-reports-reveals-shift-toward-office-freelance-workforce-amidst-market-downturn/ | 2022-09-08T12:30:50Z |
Cereal fans can now enjoy Kellogg's Frosted Flakes®, Froot Loops®, Apple Jacks® and Raisin Bran Crunch® with REAL MILK — without the carton
BATTLE CREEK, Mich., Sept. 8, 2022 /PRNewswire/ -- Cereal and milk go together like peanut butter and jelly. But if you're like the 68% of adults who enjoy cereal and prefer breakfast foods that are easy to eat on the go1, that can be hard when shuffling kids in the carpool line, catching the train or sitting in rush hour. In a revolutionary cereal innovation from Kellogg's, cereal lovers can now add cold water to new Kellogg's® Instabowls to get real milk instantly. The new line-up offers a delicious and convenient way to enjoy Kellogg's Frosted Flakes®, Froot Loops®, Apple Jacks® and Raisin Bran Crunch® with the same great taste anywhere, anytime — no milk required!
"In recent years, there has been a huge trend toward portability for food, especially as busy schedules and life's everyday curve balls prevent traditional sit-down meals," said Chris Stolsky, Marketing Director at Kellogg Company. "We created Kellogg's Instabowls as an easy solution for the 'anytime cereal break' so you can now bring your favorite Kellogg's cereals with you wherever life takes you and not have to worry about milk, dishes, or clean-up."
Each portable bowl is pre-portioned, single serve and mess free — perfect for on the go. Just add cold water to the fill line and the instantized milk turns into real milk with a quick stir. According to an initial fan reaction, they love this offering because they found it "[easier] to grab a bottle of water or find water than make sure that I have milk. Easy to store. Easy to travel with – and kids love it."2
Kellogg's Instabowls come in four iconic cereal varieties — Kellogg's Frosted Flakes, Froot Loops, Apple Jacks and Raisin Bran Crunch. Kellogg's Instabowls are available in the cereal aisle at Walmart for a suggested retail price of $1.98 per bowl and will eventually roll out at additional retailers nationwide. To find Kellogg's Instabowls at a store near you, visit Kelloggs.com. For more information, follow Kellogg on TikTok, Instagram and Twitter.
About Kellogg Company
At Kellogg Company (NYSE: K), our vision is a good and just world where people are not just fed but fulfilled. We are creating better days and a place at the table for everyone through our trusted food brands. Our beloved brands include Pringles®, Cheez-It®, Special K®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Eggo®, Mini-Wheats®, Kashi®, RXBAR®, MorningStar Farms® and more. Net sales in 2021 were nearly $14.2 billion, comprised principally of snacks as well as convenience foods like cereal, frozen foods, and noodles. As part of our Kellogg's® Better Days ESG strategy, we're addressing the interconnected issues of wellbeing, climate and food security, creating Better Days for 3 billion people by the end of 2030. Visit www.KelloggCompany.com.
1 Kellogg proprietary study (Kellogg RTEC Consumer Segmentation, Cereal Demand Chain, The Cambridge Group, TCG Analysis, Feb 2020)
2 Kellogg proprietary study (MVRG 2021 Portable Breakfast Cup Concept Study | January 2021)
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SOURCE Kellogg Company | https://www.whsv.com/prnewswire/2022/09/08/no-milk-no-problem-just-add-water-new-kelloggs-instabowls-real-milk-this-first-ever-cereal-innovation-kelloggs/ | 2022-09-08T12:30:56Z |
Samsung, Fujitsu, and NEC are the top vendors
REDWOOD CITY, Calif., Sept. 8, 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, preliminary findings suggest Open RAN revenues, including O-RAN and OpenRAN radio and baseband, accelerated at a torrid pace in the first half of 2022, resulting in yet again another short-term upward forecast revision. Helping to explain this output acceleration is positive brownfield developments in the North America region. The data in the report also support the premise that the Open RAN movement and vendor dynamics are evolving.
"The Open RAN narrative continues to morph," said Stefan Pongratz. "While there is no question that this shift towards more openness is moving in the right direction, it is more salient than ever to understand how this movement is impacting the dynamics between the established and new suppliers. The results in the quarter taken together with the underwhelming deal momentum with the emerging RAN suppliers is starting to shift the scale in favor of Open RAN being more a new requirement for the established players than a disruptive architecture for the smaller suppliers," continued Pongratz.
Additional Open RAN highlights from the 2Q 2022 RAN report:
- Top 3 Open RAN revenue suppliers for the 1H22 period include Samsung, Fujitsu, and NEC.
- Open RAN revenues in the North America region increased nearly four-fold Y/Y.
- North America and the Asia Pacific are driving more than 95 percent of the 2Q22 Open RAN market.
- The baseline forecast is for Open RAN revenues to more than double in 2022.
Open RAN is now projected to account for more than 5 percent of the overall RAN market in 2022.
Dell'Oro Group's RAN Quarterly Report offers a complete overview of the RAN industry, with tables covering manufacturers' and market revenue for multiple RAN segments including 5G NR Sub-6 GHz, 5G NR mmWave, LTE, macro base stations and radios, small cells, Massive MIMO, Open RAN, and vRAN. The report also tracks the RAN market by region and includes a four-quarter outlook. To purchase this report, please contact us by email 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/2022/09/08/open-ran-crushes-expectations-1h22-according-delloro-group/ | 2022-09-08T12:31:02Z |
Study Designed to Evaluate the Safety, Tolerability, and Efficacy with PL8177 Oral Colon Delivery in Adult Subjects with Active Ulcerative Colitis
Oral PL8177 May Provide a Safe and Tolerable Treatment Option for Ulcerative Colitis Patients
CRANBURY, N.J., Sept. 8, 2022 /PRNewswire/ -- Palatin Technologies, Inc. (NYSE American: PTN), a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin receptor system, today announced the initiation of a Phase 2 clinical study of PL8177, a potent melanocortin-1 receptor agonist, in ulcerative colitis (UC). The study will evaluate the safety, tolerability, efficacy, pharmacokinetics, and biomarkers of orally administered PL8177 in adult patients with active UC. Clinical sites participating in the study have been activated, with screening and recruitment of potential patients underway.
"We are excited to advance oral PL8177, a potent, selective melanocortin-1 receptor agonist, into a Phase 2 clinical trial in patients with UC, an inflammatory bowel disease that affects an estimated one million people in the United States," stated Carl Spana, Ph.D., President and CEO of Palatin. "The melanocortin system plays an important role in the resolution of inflammation. The oral formulation of PL8177 is targeting melanocortin-1 receptors on the luminal surface of colon epithelial cells. In a prior phase 1 clinical study, the oral formulation successfully demonstrated sustained delivery of PL8177 to the lumen of the colon with no systemic exposure. Our goal is to establish PL8177 as a safe and tolerable treatment for patients eliminating or delaying immunosuppressive treatments that have safety and tolerability concerns."
The Phase 2 study is a multi-center, randomized, double-blind, placebo-controlled, adaptive design, parallel group of PL8177, with once daily (QD) oral dosing in adult UC subjects. The study is designed to enroll up to 28 adult subjects with active UC from approximately 22 sites. All subjects who meet the eligibility criteria will be randomized to receive either placebo or oral PL8177.
"The initiation of Palatin's second clinical program evaluating a melanocortin based therapeutic in an inflammatory indication is an exciting milestone. We continue to compile compelling data that strengthens our belief in the potential for melanocortin therapeutics as safe and effective treatments for inflammatory and autoimmune diseases," concluded Spana.
The study uses an adaptive design with an interim assessment by an independent data monitoring committee after the initial 16 subjects have completed the 8-week evaluation visit. The efficacy evaluations and endpoints are in line with the latest FDA Draft Guidance for Industry: Ulcerative Colitis: Developing Drugs for Treatment (April 2022), including the primary efficacy endpoint the Mayo Endoscopic Subscore, which evaluates the level of disease in the colon mucosa.
The PL8177-205 interim assessment is expected to occur in the first quarter of calendar year 2023, with final topline data anticipated in the second quarter of calendar year 2023. Additional trial information, including inclusion and exclusion criteria, can be found at https://clinicaltrials.gov/ via the identifier NCT05466890.
PL8177 is a synthetic cyclic heptapeptide with demonstrated efficacy in multiple animal inflammatory bowel disease models. PL8177 is a potent, selective agonist at the human melanocortin receptor-1 (MC1r), with sub-nanomolar affinity binding and EC50 functional values. Palatin data demonstrates that the oral formulation of PL8177 was protected from degradation in the stomach and small intestine and delivered to the large intestine and colon over an extended period. In addition, orally administered PL8177 had a significant effect on resolving inflammation in a rat bowel inflammation model.
PL8177 in oral formulations has demonstrated repeated, robust efficacy in ulcerative colitis disease models. MC1r is found on epithelial cells and resident macrophages of the colon which are accessible from the lumen of the colon. Orally administered PL8177 is not systemically absorbed. PL8177 has the potential for excellent efficacy without safety concerns.
Ulcerative colitis is a chronic disease of the large intestine (colon), with inflammation and ulcerations that can cause significant abdominal pain, persistent diarrhea, loss of appetite and other symptoms. An estimated 1 million individuals in the United States are affected by ulcerative colitis, with over 350,000 diagnosed with moderate-to-severe disease. Existing treatments are not effective in a substantial portion of patients with moderate-to-severe ulcerative colitis, with certain severe cases resulting in surgical removal of the colon.
The melanocortin receptor ("MCr") system has effects on inflammation, immune system responses, metabolism, food intake, and sexual function. There are five melanocortin receptors, MC1r through MC5r. Modulation of these receptors, through use of receptor-specific agonists, which activate receptor function, or receptor-specific antagonists, which block receptor function, can have medically significant pharmacological effects.
Many tissues and immune cells located in the eye (and other places, for example the gut and kidney) express melanocortin receptors, empowering our opportunity to directly activate natural pathways to resolve disease inflammation.
Palatin is a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin receptor systems, with targeted, receptor-specific product candidates for the treatment of diseases with significant unmet medical need and commercial potential. Palatin's strategy is to develop products and then form marketing collaborations with industry leaders to maximize their commercial potential. For additional information regarding Palatin, please visit Palatin's website at www.Palatin.com and follow Palatin on Twitter at @PalatinTech.
Statements in this press release that are not historical facts, including statements about future expectations of Palatin, such as statements about clinical trial plans and potential results for PL8177, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995. Palatin intends that such forward-looking statements be subject to the safe harbors created thereby. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause Palatin's actual results to be materially different from its historical results or from any results expressed or implied by such forward-looking statements. Palatin's actual results may differ materially from those discussed in the forward-looking statements for reasons including, but not limited to, results of clinical trials, regulatory actions by the FDA and other regulatory and the need for regulatory approvals, Palatin's ability to fund development of its technology and establish and successfully complete clinical trials, the length of time and cost required to complete clinical trials and submit applications for regulatory approvals, products developed by competing pharmaceutical, biopharmaceutical and biotechnology companies, commercial acceptance of Palatin's products, and other factors discussed in Palatin's periodic filings with the Securities and Exchange Commission. Palatin is not responsible for updating for events that occur after the date of this press release.
Palatin Technologies® and Vyleesi® are registered trademarks of Palatin Technologies, Inc.
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SOURCE Palatin Technologies, Inc. | https://www.whsv.com/prnewswire/2022/09/08/palatin-announces-initiation-patient-recruitment-phase-2-clinical-study-evaluating-oral-pl8177-treatment-ulcerative-colitis/ | 2022-09-08T12:31:08Z |
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA) today announced that Bob Bakish, President and Chief Executive Officer of Paramount Global, will participate in a question and answer session during the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA on Wednesday, September 14, 2022, at 1:45 p.m. ET.
A live audio webcast will be available on Paramount's Investor Relations homepage at ir.paramount.com. A replay of the audio webcast will be available in the Events, Webcasts & Annual Meetings section shortly after the conclusion of the presentation.
About Paramount
Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution and advertising solutions.
For more information about Paramount, please visit www.paramount.com and follow @Paramount on social platforms.
PARA-IR
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SOURCE Paramount Global | https://www.whsv.com/prnewswire/2022/09/08/paramount-globals-chief-executive-officer-bob-bakish-participate-2022-goldman-sachs-communacopia-technology-conference/ | 2022-09-08T12:31:15Z |
Former Denham Capital Executives Join Petra as Managing Partners
NEW YORK and BOSTON, Sept. 8, 2022 /PRNewswire/ -- Petra Funds Group ("Petra"), a leading independent provider of fund administration solutions, announced today that John Collins and Paul Winters joined the firm as Managing Partners. Mr. Collins and Mr. Winters previously were Partners of Denham Capital Management LP ("Denham"), a Boston-based private equity firm with over $12 billion of invested and committed capital.
This announcement follows the recent news that Petra established a Boston office in August and took on Denham as a client, as well as Trace Capital Management LP, a newly-established energy resources investment firm. Mr. Collins and Mr. Winters formed Petra's Boston office by bringing over a core team of middle, back-office, and regulatory professionals from Denham, many of whom have worked at Denham for over a decade.
"Attracting executives with John and Paul's experience to join Petra as managing partners will immensely benefit our existing and new clients as we continue to implement best practices across our service offering," commented Stephen Coats, Managing Partner. "Our ability to act as a trusted advisor to our clients depends on the deep experience of our team, and we believe adding professionals who have spent their careers working inside of fund managers rather than looking in from the outside provides our clients with a valuable edge."
Mr. Collins brings over 30 years of private equity experience to Petra, including as a Partner and Chief Financial Officer at Denham for the last 15 years. At Denham, Mr. Collins was responsible for the firm's business operations, accounting, and administrative functions and was a Valuation Committee member. Mr. Collins commented on joining Petra: "Petra has a unique business model and the expertise the private investment funds industry is increasingly in need of. I look forward to working with Peter and Stephen to continue building a full-service fund administration platform that provides top-tier services to its clients."
Petra was founded in 2021 and today administers $55 billion in assets and over 200 investment vehicles from 5 offices across the globe. Each office is led by senior executives with in-house experience working for private equity, venture capital, or private debt funds. This unique model gives Petra's clients a competitive advantage as the firm's services align with what investment firms need most.
Mr. Winters was most recently Partner, General Counsel, and Chief Compliance Officer at Denham. In his role at Denham since 2007, Mr. Winters was responsible for all legal and compliance matters affecting the firm, its funds, and its portfolio companies, and along with Mr. Collins, led the organization and growth of the firm's highly regarded back-office team. Mr. Winters shares, "Having known Stephen for over a decade, I am excited to join him and Peter and work with their well-respected team that focuses relentlessly on delivering bespoke client-focused solutions to private equity firms."
"I am thrilled to welcome John, Paul, and other Denham employees to Petra," commented Peter Haskopoulos, Managing Partner. "The team joining Petra is well-versed in all aspects of global fund accounting, operations, legal, and compliance. We are excited to leverage their expertise gained through their long tenure at Denham to service other private equity firms in the Boston area and other markets."
Petra Funds Group is a leading fund administration provider to global private equity, venture capital, and private debt funds. The firm is the first to deliver comprehensive fund administration and related middle and back-office services, offering global private fund managers an enhanced, data-driven solution. Our services include fund administration, investor servicing, regulatory compliance, management company services, and ESG advisory services. Petra offers fund managers a best-in-class solution of people, back-office services, and technology, enabling general partners to focus on their internal operations, investments, and investor relationships. Petra has offices in New York, London, Amsterdam, Los Angeles, and Boston and administers funds and structures in excess of $55 billion in assets.
Learn more about Petra Funds Group by visiting www.petrafundsgroup.com.
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SOURCE Petra Funds Group | https://www.whsv.com/prnewswire/2022/09/08/petra-funds-group-announces-two-new-senior-leadership-hires/ | 2022-09-08T12:31:22Z |
PITTSBURGH, Sept. 8, 2022 /PRNewswire/ -- Augmented Pittsburgh, a digital storytelling platform developed by Joe Zeff Design to help people more fully experience Pittsburgh through augmented reality, launches today.
Augmented reality blends virtual objects with the real world when viewed through a mobile phone. The technology was popularized by Pokémon Go, an augmented reality app that was downloaded more than 500 million times after its launch in 2016. Since then, augmented reality has evolved so that users no longer need to download an app, and can access experiences using QR codes, text messages and hyperlinks.
Pittsburghers awoke this morning to their first Augmented Pittsburgh experience, promoted on the front page of the Pittsburgh Post-Gazette. After readers scan a QR code, sportswriter Gerry Dulac appears on screen as if in the same room, small enough to stand on their breakfast table. His report on the Pittsburgh Steelers, delivered exclusively through augmented reality, is part of a new weekly series titled The Acrisure Fan Advantage that will run throughout the football season.
To experience it yourself, visit post-gazette.com/acrisurefanadvantage
More activations are planned this fall. Augmented Pittsburgh will deploy QR codes throughout the city in partnership with POGOH, the citywide bikeshare program. Augmented reality experiences at 38 stations will help residents, visitors and college students better understand how to access the bicycles. A button at the bottom of the screen will help users download an app to purchase a membership or ride plan.
Later this year, a partnership with Comcast and the August Wilson African American Cultural Center will put Augmented Pittsburgh experiences inside Xfinity stores. QR codes on posters will unlock augmented reality experiences featuring Toni Murphy, Senior Vice President of Comcast's Keystone Region, and Janis Burley Wilson, President/CEO of the AWAACC, to familiarize Xfinity customers with the AWAACC and the many ways Comcast supports communities throughout the region.
Augmented Pittsburgh was conceived by Joe Zeff, president of Joe Zeff Design. The former Graphics Director of TIME magazine, Joe has been a pioneer in interactive storytelling, designing and developing some of the world's first iPad apps and emerging as a leader in augmented reality.
"Augmented reality is an incredible way to tell stories," said Zeff. "We can use QR codes or text messages to place a real person directly in front of you to tell you something you might not already know. We can showcase our amazing city by providing more ways for Pittsburghers to share their amazing stories."
Since relocating from the New York City area last fall, Joe Zeff Design has partnered with several Pittsburgh companies and organizations to deploy augmented reality experiences. Last week, 70,622 fans at the nationally televised Pitt-West Virginia football game — the largest crowd ever to attend a Pittsburgh sporting event — were presented the opportunity to experience augmented reality by sending a text message to a phone number displayed on the scoreboard.
To see what fans experienced, text the word JOE to +1 (412) 752-1752.
"Augmented reality is magical," Zeff said. "We can bring posters and murals to life. We can put artists, singers and dancers on every street corner. We can take you inside buildings without ever leaving the sidewalk. We can deliver experiences anywhere and everywhere, to show people in Pittsburgh and around the world what makes this city special."
For a demo, scan the QR code at augmentedpittsburgh.com, text the word PITTSBURGH to +1 (412) 752-1752, or go directly to qrco.de/augpgh on your mobile phone.
For more information regarding Augmented Pittsburgh, or to discuss ways to leverage augmented reality to help your company or organization sell, market or communicate more effectively, contact Joe Zeff at joe@joezeffdesign.com.
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SOURCE Joe Zeff Design, Inc. | https://www.whsv.com/prnewswire/2022/09/08/pittsburgh-augmented-reality-is-changing-way-stories-are-told/ | 2022-09-08T12:31:28Z |
- About half (49%) of small and mid-sized business owners are highly optimistic about the near-term prospects for their own businesses.
- Almost two-thirds (63%) are expecting to raise prices in the next six months.
- Almost seven in 10 (69%) envision a recession in the next 12 months.
- Nearly half (47%) of those who rely on supply chain say it remains a problem.
PITTSBURGH, Sept. 8, 2022 /PRNewswire/ -- Small and mid-size business owners and executives have an optimistic outlook about the near-term future of their businesses as they ride out inflationary pressures, supply chain disruptions and political and geopolitical uncertainties related to the national and local economies, according to the latest PNC semi-annual Economic Outlook survey.
The survey, now in its 20th year and concluded Aug. 8, showed that business leader expectations about their own companies remain strong with nearly half (49%) feeling highly optimistic – similar to the spring survey – while the share of those feeling pessimistic has risen to 7% from a historic low of 2% in spring.
Concerns about inflation and the impact of price hikes on their businesses remain top of mind among owners and executives. Continued price increases are in the works among nearly two-thirds (63%) of businesses – a survey high. Of the businesses expecting to raise their prices, more than a third (36%) expect to raise consumer prices by 5% or more over the next year, up from one in four last spring and nearly returning to the historical high of 38% a year ago.
The primary rationale for price hikes has shifted from an effort to keep up with rising non-labor costs (38% vs. 63% last spring) to favorable market conditions (44% vs. 22% last spring). Fewer than a fifth (18%) point to rising labor costs. Price pressures on their businesses, and elevated supplier costs and capital spending also are factors.
In addition to increasing prices for their own goods and services, seven in 10 (69%) have indicated they are making other adjustments to address higher inflation, including increasing efficiency, cutting costs or managing cash flow.
Further, business owners are expressing concerns that a recession is on the horizon. Almost seven in 10 (69%) fear a recession is likely in the next 12 months.
"This survey demonstrates that business owners see conditions as generally still solid despite concerns over high inflation. The business leaders surveyed are indicating that they are now increasing prices because they can, rather than because they have to. This reflects continued strong demand across the economy, despite higher interest rates," said PNC Chief Economist Gus Faucher.
"There has been much discussion and debate about the probability of a recession in the near-term and business owners clearly are considering this possibility," Faucher said. "While PNC views the likelihood of recession as low in the near term, we believe there is an elevated 45% probability of recession over the next two years."
Supply chain disruptions also continue to be a concern for business owners and have affected nearly half (47%) of those relying on a supply chain. To address these issues, many businesses are using a range of strategies including broadening the base of suppliers (33%) and stockpiling inventory (27%). Less common ways businesses are coping with supply chain disruptions or delays include price hikes (20%), shifting sale or delivery commitments (17%) and creating exclusive supplier relationships (14%). Three in 10 relying on inventory in their supply chain are coming up short. Despite all of this, owners remain hopeful: four in 10 expect supply chain timeliness to get better in the next six months.
Other key survey findings include:
- Optimism Tempered: The outlook for the national and local economies has improved slightly over spring, but remains lower than last fall. More than a fifth (22%) are highly optimistic about the national economy while 23% are pessimistic; more than one-half (54%) are moderately optimistic.
- Adjusting to Staff Shortages: Fewer business owners face staff shortages, but they are still a challenge for four in 10 (41% vs. 61% last spring) and hiring continues to be difficult for many. Businesses have found ways to adapt, such as shifting workloads. Half (49%) have increased overtime or workloads for existing employees and a third (33%) have relied on owners or managers to cover staff hours. One third report sourcing labor through alternative sources such as temporary or gig workers and more than two in 10 (22%) have increased or added new technology or automation to cope.
- Raises on the Rise: Four in 10 expect to increase employee compensation, up from 30% in spring. Expectations for compensation increases are highest in the manufacturing sector (53%) compared to 39% for service, 36% for wholesale/retail and 35% for the construction sector.
Full national and regional survey results are available at pnc.mediaroom.com.
The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
Methodology
The PNC Economic Outlook survey was conducted by telephone from 7/5/2022 to 8/8/2022, among small and mid-sized businesses with self-reported revenue of $100,000 to $250 million. 500 interviews were conducted nationally. Sampling error for the nationwide results is +/- 4.4% at the 95% confidence level. The survey was conducted by Artemis Strategy Group (www.ArtemisSG.com), a communications strategy research firm specializing in brand positioning and policy issues. The firm, headquartered in Washington D.C., provides communications research and consulting to a range of public and private sector clients.
DISCLAIMER: This report was prepared for general information purposes only and is not intended as specific advice or recommendations. Any reliance upon this information is solely and exclusively at your own risk. NOTE: The sum of percentages may not add to the total due to rounding.
CONTACT:
Alan Aldinger
(412) 370-3887
alan.aldinger@pnc.com
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SOURCE The PNC Financial Services Group, Inc. | https://www.whsv.com/prnewswire/2022/09/08/pnc-survey-shows-small-business-owners-optimistic-despite-inflation-recession-worries/ | 2022-09-08T12:31:35Z |
BIRMINGHAM, Ala., Sept. 8, 2022 /PRNewswire/ -- Donald Porter, 83, Chairman and Co-founder of Porter Capital Corporation, passed away on August 31, 2022. A private family service will be held. Donald, with his brother, Marc Porter, founded Porter Capital Corporation, a secured lender, in 1991, with Donald managing the New York operations and Marc overseeing the office in Alabama. Donald returned to Alabama in 2012 and was active in the office until 2020. He continued to be involved in the corporate direction, as Chairman of the Board, until his death.
Prior to founding Porter Capital Corporation, Donald owned and managed a construction bonding company. He also had a diverse career in finance, including property development in New York City, 11 years as an underwriting member and a Name at Lloyd's of London, insurance bond underwriting, investment management, and asset-based lending. Donald was also an accomplished and prolific author, publishing 13 books of fiction and non-fiction.
Donald held degrees from The University of the South in Sewanee, Tennessee, and King's College in Cambridge, England. He was a generous donor to his alma mater, Sewanee, and his writing collection including all books and papers will be donated to this institution. Donald's main literary genre was historical fiction and his well-known novel, "Jubilee Jim and the Wizard of Wall Street," provides a glimpse into the bygone days of railroad titans.
Around the office, Donald was known for his intellect and risk management skills. He was dedicated to the financial success of Porter Capital Corporation. Scott Romanowski, Chief Financial Officer, said "Donald dug deep into deals and asked the hard questions. He had extensive knowledge of the industries we serve, and his experience was always a tremendous value add to our credit meetings."
John Cox Miller, SVP, National Sales Manager, "I was fortunate to have worked with Donald. I joined Porter Capital shortly after college and his questions always challenged me to be more prepared when working with our prospects and clients. He was a friend and inspiring mentor and will be missed by us all."
Bill Hairston, Chief Counsel, recalls "Donald was always inquisitive on the mechanics of business. For example, he was active in pairs trading and studied the causes of a price spread between two similar securities. He was an intellect, an active learner, who had a deep knowledge of finance but particularly factoring, it was his life."
Marc Porter, brother, and President of Porter Capital, "I will remember fondly all the years we worked together, side by side. We built a great company that continues to grow. I personally and the Porter Capital family are deeply saddened by Donald's passing and we extend heartfelt condolences to his wife, Diane, and their two daughters, Katherine and Victoria."
CONTACT:
Michelle Milhoan
Vice President of Marketing
mmilhoan@portercap.net
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SOURCE Porter Capital | https://www.whsv.com/prnewswire/2022/09/08/porter-capital-corporation-co-founder-former-chairman-donald-porter-passes-away/ | 2022-09-08T12:31:42Z |
PBS To Encompass All Building System Brands Under One Name
PUYALLUP, Wash., Sept. 8, 2022 /PRNewswire/ -- The expanded Premier Building Systems (PBS) family of products now includes more building material systems within the PBS Organization. Under common ownership since 2018, Premier SIPS, R-Shield Insulation, R-Shield Geofoam, and Premier ICF (formerly Diamond Snap-Form) product brands now fold into Premier Building Systems. The Big Sky R-Control SIPs brand, also owned by the same family, is now being marketed under the Premier SIPS brand. There has been no sale, merger, or change in company ownership. These changes only affect the trade name and building system brands, while efficiently consolidating organizational resources to best serve customer needs.
"Under the umbrella of PBS (Premier Building Systems), each brand fits perfectly into our niche – manufacturing superior products that are faster, stronger, and far greener for architects, contractors, and developers to use in building design and construction. We remain committed to offering the industry's top echelon of sustainable building systems," said Brad Huempfner, President.
This family of brands fosters Premier Building Systems' ability to combine research and development, technical, production, and distribution resources across all brands, offering exceptionally high-performance construction and building system solutions from the foundation up.
"With all these superior building system product lines, we have remained committed to continued growth through investments in production, innovation, and sustainability. As the demand for environmentally responsible building products has grown, our wide offering of building systems has also grown to serve customers across North America," said Huempfner.
Additionally, Premier SIPS has launched a new look and new website chalked full of product and industry resources at www.premiersips.com. R-Shield Insulation & Geofoam and Premier ICF will unveil new websites in the coming months.
About Premier Building Systems: Family-owned and operated since the 1970s, Premier Building Systems (PBS) proudly manufactures high-performing, sustainable building systems from the foundation up. Committed to developing and utilizing efficient equipment and processes, PBS continually strives to provide exceptional value, service, and systems to their customers. For more information, please visit www.premierbuildingsystems.com.
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SOURCE Premier Building Systems | https://www.whsv.com/prnewswire/2022/09/08/premier-building-systems-announces-expansionproduct-branding-updates/ | 2022-09-08T12:31:48Z |
Launches its First Product, an iOS App for Capturing and Preserving Family Stories
LOS ANGELES, Sept. 8, 2022 /PRNewswire/ -- Remento, a company dedicated to capturing and preserving family stories, today announced a $3 million seed round and the launch of its first product, the Remento iOS app. The raise is led by Upfront Ventures, along with a group of angel investors, including Brooke Hammerling, Chuck Davis, Dan Nova, Emmy Rossum, Sam Esmail, and Sarah Harden.
Remento allows people to capture family stories in a new way, designed to make it easier than ever to get started. The company's new mobile app provides conversation prompts to inspire the sharing of stories from every member of the family – from questions about a grandparent's childhood home, to prompts that add context to images of precious keepsakes or wedding photos. Once selected and customized, these prompts facilitate family conversations that can be recorded directly within the app. Individual stories from these sessions are then showcased in the app's interactive playback experience, where they can be preserved, shared, and celebrated with loved ones without any editing required.
The company's co-founder and CEO Charlie Greene conceived of Remento after filming a series of interviews with his mother shortly after her cancer diagnosis. "The conversations our family recorded after we learned my mother had cancer changed our relationship forever. As she reflected on photos and answered questions about her early years for her grandchildren to one day watch, I learned more about her life than I ever could have imagined," said Greene. "That's why we've created Remento: to help others learn the stories of their loved ones through recorded conversations that capture far more than cluttered photo libraries and static family trees ever could."
The Remento app, which is free to use, is built on a foundation of neuroscience, psychology, and storytelling expertise. The app is the first foray into technology that seeks to reimagine the way we discover, document, and share memories in the digital age.
"Social and digital media have become much more about passively consuming photos and videos than about really connecting with our loved ones. We think there's a huge untapped opportunity in bringing people and their stories together and giving all our media more meaning," said Mark Suster, Managing Partner at Upfront Ventures. "Charlie and the Remento team are building a storytelling platform with vision and human empathy that we believe can have enormous consumer appeal."
Remento will use this round's funding to expand hiring and extend current research and development efforts, including building features that will move toward their vision of changing the way we document our everyday lives and create lasting family mementos.
To download the Remento App, visit: www.remento.co.
Remento helps people discover, document, and more deeply appreciate their family story in a new way. The company's first product, the Remento iOS app, makes it easy to host a conversation with a family member that uncovers precious memories of their past. Remento guides these conversations by recommending tailored conversation prompts, each of which has been carefully crafted by Remento's network of memory experts, brain scientists, and professional storytellers. Whether it's reflections on monumental moments or the joys of everyday life, Remento helps break down barriers across generations, breed connection through curiosity, and remind us that understanding our own story starts by listening to the stories of others.
CONTACT: emily@notablypr.com
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SOURCE Remento | https://www.whsv.com/prnewswire/2022/09/08/remento-raises-3m-seed-round-led-by-upfront-ventures/ | 2022-09-08T12:32:00Z |
'Rumble Exclusives' will challenge the status quo by delivering independent content premised on creative independence while empowering audiences to have a two-way dialogue with creators
TORONTO, Sept. 8, 2022 /PRNewswire/ -- Rumble, the video sharing platform, announced plans to launch 'Rumble Exclusives,' an innovative livestreaming lineup featuring independent creators and a two-way dialogue with their audiences.
In the coming months, the company plans to sign top-tier creative talent to fill a daily lineup of livestreams leveraging the Rumble platform and Rumble's community-based subscription platform, Locals. The first daily livestream, hosted by Pulitzer Prize-winning journalist Glenn Greenwald, will start later this month. The programs will consist of a livestreamed show on Rumble.com followed by a live two-way dialogue on Locals, between the creator and their subscribing audience on Locals.com. The two-way dialogue represents a major step forward for how media is consumed by empowering audiences to ask questions and for creators to defend their views, as opposed to the traditional one-way media approach.
"The writing is on the wall for the credibility of corporate media," said CEO Chris Pavlovski. "Everyone in the world should have access to unfiltered content, raw opinion, and more importantly, should be able to engage in a two-way dialogue with truly independent creators," he continued. "For too long, we have been at the mercy of corporate narratives. At Rumble and Locals, we firmly believe that independent creators will unshackle audiences from these narratives and allow everyone to reach their own unbiased and educated conclusions."
Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble's mission is to restore the Internet to its roots by making it free and open once again. In December 2021, the company announced the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI). See the announcement here: https://corp.rumble.com
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SOURCE Rumble and CFVI | https://www.whsv.com/prnewswire/2022/09/08/rumble-takes-traditional-media-outlets-with-new-rumble-exclusives-livestreaming-lineup/ | 2022-09-08T12:32:06Z |
LONDON and NEW YORK, Sept. 8, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), the world's leading index provider, in collaboration with Sustainable1, S&P Global's (NYSE: SPGI) single source for environmental, social and governance (ESG) intelligence, today announced the launch of a new family of climate-focused market benchmarks called the S&P Net Zero 2050 Carbon Budget Indices.
These indices' design is based on the most recent 2021 Intergovernmental Panel on Climate Change (IPCC) report, which assesses the state of climate change and progress towards keeping global temperature increases below 1.5ºC compared to pre-industrial levels with 83% probability.
Utilizing the IPCC's report as the basis of index construction, the S&P Net Zero 2050 Carbon Budget Indices' methodology enables the indices within this suite to allocate and adjust a carbon budget across their constituents based on the year of the indices' launch. Therefore, for these series of 2022 vintage indices, this means an initial 25% cut in volumes of emissions as well as approximately 10% yearly emissions reduction based on their published index methodology.
This new index series, which utilizes climate data from S&P Global Sustainable1, complements S&P DJI's existing innovative suite of climate and ESG indices, and provides an alternative tool and index-based approach to measure climate and environmental-related risks and returns in investment portfolios.
More than half of global assets under management are now committed to net zero by 2050 through the Net Zero Asset Managers initiative which is part of the Glasgow Financial Alliance for Net Zero (GFANZ). These indices are designed to help address investors and more broadly, global corporations and the financial market's needs to meet decarbonization targets and decrease carbon emissions to net zero by 2050.
"Drawing on more than two decades of experience developing innovative sustainability-focused benchmarks, S&P Dow Jones Indices continues to develop trusted rules-based market gauges that increase transparency and promote long-term sustainability in global markets," said Reid Steadman, Global Head of ESG & Innovation at S&P Dow Jones Indices. "This new series of indices reflects the need to provide indexing solutions that support investors and companies in meeting their net zero goals as we continue to contribute to and build upon the progress the financial services industry has achieved to date," he added.
"The 2021 IPCC report signaled a 'code red' for humanity and the investment community is responding to this alarm call, with over half the world's assets under management now committed to net zero by 2050," said Richard Mattison, President of S&P Global Sustainable1. "It is essential that investors have access to simple, transparent and scalable tools to support their decision making, and we are proud to be launching this new series of indices to support investors in navigating the transition to a sustainable future."
The equity securities in the S&P Net Zero 2050 Carbon Budget Indices are selected from an underlying universe of broad-market parent indices including the S&P 500, S&P Global BMI, S&P Europe BMI, S&P Developed BMI and S&P Emerging BMI.
The S&P Net Zero 2050 Carbon Budget Indices are rebalanced annually. At each annual rebalance, the most up-to-date carbon emissions of the companies will be used to achieve the decarbonizations required while minimizing sector deviations. At launch the indices remain broadly invested with low tracking error relative to their parent indices.
By basing the rate of decarbonization on the carbon budget remaining for the planet, these indices reflect the time urgency of the net zero challenge. For future index launches, the -10% annual decarbonization required will increase with time as the carbon budget gradually shrinks.
For 2022, this maiden S&P Net Zero 2050 Carbon Budget Indices launch includes:
- S&P Global Net Zero 2050 Carbon Budget (2022 Vintage) Index
- S&P 500 Net Zero 2050 Carbon Budget (2022 Vintage) Index
- S&P Europe Net Zero 2050 Carbon Budget (2022 Vintage) Index
- S&P Emerging Net Zero 2050 Carbon Budget (2022 Vintage) Index
- S&P Developed Net Zero 2050 Carbon Budget (2022 Vintage) Index
The S&P Net Zero 2050 Carbon Budget Indices' methodology is published and available at S&P Dow Jones Indices' website: https://www.spglobal.com/spdji/en/.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/spdji/en/.
ABOUT S&P GLOBAL SUSTAINABLE1
S&P Global Sustainable1 is the central source for sustainability intelligence from S&P Global. Sustainable1 matches customers with the ESG products, insights, and solutions from across S&P Global's divisions to help meet their unique needs. Our comprehensive coverage across global markets combined with in-depth ESG intelligence provides financial institutions, corporations, and governments an unmatched level of clarity and confidence to successfully navigate the transition to a sustainable future. Our data and well-informed point of view on critical topics like energy transition, climate resilience, positive impact and sustainable finance allow us to go deep on the details that define the big picture so customers can make decisions with conviction. To learn more, please visit: www.spglobal.com/esg
FOR MORE INFORMATION:
S&P DOW JONES INDICES
spdji.comms@spglobal.com
April Kabahar
Global Head of Communications
(+1) 212-438-7530
april.kabahar@spglobal.com
Lauren Davis
Americas Communications
(+1) 484 269 7118
lauren.davis@spglobal.com
Asti Michou
EMEA Communications
(+44) 7970 887 863
asti.michou@spglobal.com
Nadja Jiang
APAC Communications
(+852) 2841 1017
nadja.jiang@spglobal.com
S&P GLOBAL SUSTAINABLE1
Sarah Whybrow
(+44) 7929 711 556
Global Communications
sarah.whybrow@spglobal.com
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SOURCE S&P Dow Jones Indices | https://www.whsv.com/prnewswire/2022/09/08/sampp-dow-jones-indices-sampp-global-sustainable1-launch-sampp-net-zero-2050-carbon-budget-index-series/ | 2022-09-08T12:32:12Z |
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- S&P Global today announced that four senior executives have been recognized on the 2022 Heroes Women Role Model Lists presented by INvolve, which honor colleagues who advocate for women in the workplace. The Heroes Women Role Model Lists, supported by Yahoo! Finance, showcase leaders who are championing women in business and driving change for gender diversity in the workplace.
"I am thrilled to see our colleagues recognized as global leaders through their efforts to drive inclusion initiatives and inspire future generations of women in business. It's only through the hard work and commitment of our people that we achieve a culture that fosters belonging and diversity, and I'm proud to see us build on these efforts year on year," said Sally Moore, Executive Vice President, Global Head of Strategy, M&A, and Partnerships, S&P Global.
S&P Global colleagues on the Heroes list include:
Heroes Women Future Leaders Role Model List:
MiRan Park, Managing Director / VP - Global Head of Content Partnerships, S&P Global
Ashlee Williams, Vice President, Data Operations, Client Services & Customer Care, S&P Global Market Intelligence
Heroes Women Executives Role Model List:
Maria Bertram, Global Head of Technology, Media & Telecommunications, S&P Global Market Intelligence
Heroes Advocate Executives Role Model List:
Andrew Eisen, Senior Vice President and Head of Software Solutions, S&P Global Market Intelligence
In 2021, twelve S&P Global leaders were featured on INvolve Role Model Lists including Empower, Heroes and Outstanding.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.
We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today.
CONTACT: Joanna Vickers, joanna.vickers@spglobal.com
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SOURCE S&P Global | https://www.whsv.com/prnewswire/2022/09/08/sampp-global-executives-recognized-driving-change-gender-diversity-workplace-heroes-women-role-model-lists/ | 2022-09-08T12:32:20Z |
Agents Can Record, Retrieve and Retain Calls While on Desktop or Mobile Device
OMAHA, Neb., Sept. 8, 2022 /PRNewswire/ -- Senior Market Sales® (SMS) has unveiled a full-featured business phone solution to help insurance agents comply with a new Medicare regulation requiring the recording of phone calls that are part of the chain of a beneficiary's enrollment into a Medicare Advantage or Part D Plan.
The solution from SMS, one of the industry's premier insurance marketing organizations (IMOs), goes beyond just satisfying the call-recording compliance requirement – it also provides additional capabilities that many independent agents don't have today, including video conferencing, text messaging and voicemail transcription. Most notably, the mobile application gives agents flexibility to sell compliantly from virtually anywhere. SMS will provide the phone solution at no cost to SMS-contracted agents this Medicare Annual Election Period (AEP).
"This is the most full-featured solution we've seen in the industry," said Bob Harding, SMS Chief Technology Officer and First Vice President. "Agents will be able to record calls whether working from a desktop or a mobile device, and they can set it up to ring on their desktop, landline and mobile phone all at once. With the SMS solution, agents should never miss a call or be tethered to a desk."
Dwane McFerrin, SMS' Senior Vice President, Med Solutions, said that SMS immediately jumped on finding a solution when the Centers for Medicare and Medicaid Services (CMS) published the regulations on May 9, 2022, so that agents could comply by the Oct. 1 deadline and for their busiest season, AEP, which is Oct. 15 through Dec. 7. SMS partnered with Phone.com, a unified communications service provider known for being HIPAA compliant and having easy-to-use APIs – features that allowed for quick integration with SMS' Lead Advantage Pro® lead-to-enrolment tool.
"It was important to us to provide a solution that would allow agents to continue doing business the way they prefer. The solution could not be cumbersome and slow them down," McFerrin said. "Through our partnership with Phone.com, we're able to deliver a solution that not only empowers the agent to continue their daily process, but also possibly allows them to work even more efficiently because of the additional functionalities it offers."
The phone solution will be integrated with SMS' proprietary Lead Advantage Pro tool in mid-September. Lead Advantage Pro's other integrations – such as with Medicare.gov's Blue Button – and other features help agents work more easily, efficiently and accurately, by eliminating manual tasks, allowing for online quoting and applications and corralling the entire sales process into one platform.
"Lead Advantage Pro's integration with Phone.com gives agents even more power, more flexibility and more efficiencies, wherever they're working," McFerrin said. "Agents using Lead Advantage Pro can call and record within the tool with a single click."
Calls on SMS' call-recording solution can be retained for 10 years, fulfilling CMS requirements.
SMS also is providing call recording through its Medicare Insurance Direct® solution, along with an exciting new feature that will allow agents to execute telephonic enrollments with voice signature. Voice signature will be a game changer for agents who sell over the phone, McFerrin said, because it will eliminate the need to email or log into websites. Call recording and voice signature will both be available in Medicare Insurance Direct this AEP.
"We've been able to provide solutions that will help agents do more than just comply with a regulation," McFerrin said. "These solutions will help agents work more efficiently and present a more professional presence to clients and prospects. We look forward to helping agents make this AEP their best yet."
Agents can learn more about the call-recording solution at www.SeniorMarketSales.com/CallRecording.
Senior Market Sales® (SMS) represents top Medicare Supplement, Medicare Advantage, annuity, life, long-term care, and travel insurance carriers in all 50 states. More than 70,000 independent insurance agents rely on SMS for proprietary technology, competitive insurance products, and expert training and service to help them leverage their time, make more money, and put their business in a position of distinction. Founded in 1982, SMS is headquartered in Omaha, Nebraska. In 2020, SMS joined the Alliant Insurance Services family of companies. Visit www.SeniorMarketSales.com or call 1.800.786.5566 for more information.
Agents should note that none of the information provided by SMS in regard to these technology solutions should be taken as legal advice, or as a guarantee that use of any particular technology will fulfill their regulatory or contractual requirements. Agents are responsible for understanding all call-recording obligations that are applicable to them, and for ensuring that they are using SMS technology solutions in a manner that will allow them to meet those obligations. The solution provided by SMS is not the only option available for management of call recording obligations.
Contact: Dan Trumblee
Assistant Vice President, Divisional Director, Communications & Creative Services
Senior Market Sales®
402.343.3689
Dtrumblee@SeniorMarketSales.com
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SOURCE Senior Market Sales | https://www.whsv.com/prnewswire/2022/09/08/senior-market-sales-announces-call-recording-solution-help-insurance-agents-comply-with-new-medicare-regulation/ | 2022-09-08T12:32:26Z |
Leading Online Provider of Signs, Labels, and Tags Added to Business Services Portfolio
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Sentinel Capital Partners, a private equity firm that invests in promising lower midmarket companies, today announced the acquisition of SmartSign, a leading online provider of customizable signs, labels, and tags for regulatory, compliance, and safety applications. Terms of the deal were not disclosed.
Headquartered in Brooklyn, New York, SmartSign operates a network of nearly 30 websites, each dedicated to offering highly specialized and customizable products to customers to fit thousands of specific-use cases. SmartSign services businesses of all sizes, including sales to 75% of the Fortune 1000 and across hundreds of verticals, including education, healthcare, and industrials.
Sentinel partnered with SmartSign's management team and incumbent investor Norwest in the transaction.
"SmartSign is strategically positioned to capitalize on favorable secular trends underpinning the online signs, labels, and tags industry," said Louis Brotherton, a principal at Sentinel. "With a talented and committed management team and a highly dedicated team of employees, we believe SmartSign is well-positioned to continue its rapid growth, both organically and through acquisitions. We are extremely excited about the opportunity to partner with the SmartSign team."
"We are very pleased to partner with Sentinel as SmartSign continues to expand within the large and growing signs, labels, and tags market," said Max Smith, SmartSign's CEO. "We look forward to leveraging the many actionable opportunities ahead to drive organic and acquisitive growth and better serve our customers."
Stew Campbell, a Partner at Norwest, said "We are excited to work with Sentinel and continue our successful partnership with SmartSign. We think Sentinel is a great steward for SmartSign's next phase of growth."
SmartSign represents Sentinel's latest investment in the business services sector. The firm's current business services investments include Apex Companies, an environmental services company specializing in water resources and industrial hygiene; Mobile Communications America, a regional provider of communications solutions and services; New Era Technology, a global provider of managed IT services focused on collaboration and data networks; Revenew, a provider of cost recovery and cost containment services that deliver monetary recoveries and cost reduction benefits; TranSystems, a national provider of infrastructure engineering and design services; TriMech, a provider of 3D engineering design solutions and services; TTG Imaging Solutions, a national provider of nuclear medicine and molecular imaging solutions; and UBEO, a provider of best-in-class document management services.
About Sentinel Capital Partners
Sentinel specializes in buying and building lower midmarket businesses in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet restructurings, operational turnarounds, and minority junior capital solutions. For more information about Sentinel, visit www.sentinelpartners.com.
About SmartSign
Founded in 1999 and headquartered in Brooklyn, New York, SmartSign is one of America's fastest growing e-commerce companies, and parent of brands like MySafetySign, MyParkingSign, and nearly 30 other sites. The company manufactures and distributes a wide range of signs, tags, mats, and labels and has offices in Brooklyn and Jaipur, India. The company also has manufacturing facilities across the United States. Customers can tailor their signs to meet their individual needs, and through content-rich and authoritative retail sites, the company provides specific solutions to specific problems, such as preventing accidents in the workplace. For more information, please visit www.smartsign.com.
About Norwest
Norwest is a leading venture and growth equity investment firm managing more than $12.5 billion in capital. Since its inception, Norwest has invested in more than 650 companies and currently partners with more than 200 companies in its venture and growth equity portfolio. The firm invests in early to late-stage businesses across a wide range of sectors with a focus on consumer, enterprise, and healthcare. The Norwest team offers a deep network of connections, operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Palo Alto and San Francisco, with subsidiaries in India and Israel. For more information, please visit www.nvp.com. Follow Norwest on Twitter @NorwestVP.
Contact: Roland Tomforde
Broadgate Consultants
212-232-2222
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SOURCE Sentinel Capital Partners | https://www.whsv.com/prnewswire/2022/09/08/sentinel-capital-partners-acquires-smartsign/ | 2022-09-08T12:32:33Z |
VANCOUVER, BC, Sept. 8, 2022 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce the publishing of its annual Sustainability Report for Fiscal 2022, detailing the Company's commitment and contributions to environmental, social, and governance ("ESG") factors, practices, and management, while delivering long-term value to shareholders.
"At Silvercorp, we believe that sustainability is one of our fundamental responsibilities," said Dr. Rui Feng, Chairman and CEO of Silvercorp. "Silvercorp's core objectives are to operate safely, sustainably, and responsibly with the environment and collaboratively with local communities. While our approach to sustainability will continue to evolve over time, our commitment to integrating ESG factors in our strategic planning, operations, and management remains the same."
Highlights of Silvercorp's 2022 Sustainability Report:
- ESG Management: Awarded ISO certifications in environmental management, occupational health and safety management, energy management, and quality management systems (the "ISO Certifications")
- Health and Safety: Achieved zero work-related fatalities; reduced LTIR for the third year in a row through continuous improvement of our internal safety management mechanisms
- Community Investment: Continued to give back to local communities by making significant donations to public welfare projects and helping to promote development in education, tourism, and public infrastructure
- Sustainability Commitment: Invested $2.1 million in environmental protection and carried out 1,118 hours of environmental protection training
- Our People: Progressed career development of our employees; invested $1.1 million to upgrade accommodation facilities, and strengthened protection of human rights
The ISO Certifications validate Silvercorp's operations and management achieving the requirements of the ISO series of international standards. They reflect Silvercorp's vision, mission and values: being a technologically-advanced and well-managed mining company, operating sustainably by prioritizing safety, the environment and the communities where it operates.
The Company's report has been prepared in accordance with the Core Accordance option of the GRI Standards of the Global Sustainability Standard Board (GSSB), the China Corporate Social Responsibility Reporting Guidelines 4.0 by the Chinese Academy of Social Sciences (CASS-CSR4.0), the SDG Compass by the United Nations Global Compact (UNGC), the Global Industry Standard on Tailings Management by the International Council on Mining and Metals (ICMM), and the Sustainability Accounting Standards Board (SASB) standard on Metals and Mining.
The full 2022 Sustainability Report is available for download at www.silvercorpmetals.com , along with the applicable ESG data tables and GRI indices at www.silvercorpmetals.com/sustainability/.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorp.ca.
For further information
Silvercorp Metals Inc.
Lon Shaver
Vice President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorp.ca
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws (collectively, "forward-looking statements"). Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; the sufficiency of the Company's capital to finance the Company's operations; estimates of the Company's revenues and capital expenditures; estimated production from the Company's mines in the Ying Mining District and the GC Mine; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company's operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company's properties.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks relating to: global economic and social impact of COVID-19; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licenses; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting; and bringing actions and enforcing judgments under U.S. securities laws.
This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements.
The Company's forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
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SOURCE Silvercorp Metals Inc | https://www.whsv.com/prnewswire/2022/09/08/silvercorp-releases-fiscal-2022-sustainbility-report/ | 2022-09-08T12:32:40Z |
PRINCETON, N.J., Sept. 8, 2022 /PRNewswire/ -- Soligenix, Inc. (Nasdaq: SNGX) (Soligenix or the Company), a late-stage biopharmaceutical company focused on developing and commercializing products to treat rare diseases where there is an unmet medical need, announced today that the Company will deliver a corporate presentation at the upcoming H.C. Wainwright 24th Annual Global Investment Conference. The conference will be held September 12 through 14, 2022 with presentations, one-on-one meetings, and networking. The on-demand presentation will be available Monday, September 12 at 7AM ET. The presentation will be available for registered attendees via the conference platform. The presentation will be archived there for 30 days. For more information about the H.C. Wainwright Global Investment Conference, please refer to the conference website at https://hcwevents.com/annualconference/.
Key members of Soligenix management will hold one-on-one meetings throughout the conference. Registered conference attendees may schedule a meeting with Soligenix via the conference scheduling platform.
If you are unable to attend the conferences and would like to schedule a meeting with management, please contact ir@soligenix.com.
Soligenix is a late-stage biopharmaceutical company focused on developing and commercializing products to treat rare diseases where there is an unmet medical need. Our Specialized BioTherapeutics business segment is developing and moving toward potential commercialization of HyBryte™ (SGX301 or synthetic hypericin) as a novel photodynamic therapy utilizing safe visible light for the treatment of cutaneous T-cell lymphoma (CTCL). With a successful Phase 3 study completed, regulatory approval is being sought and commercialization activities for this product candidate are being advanced initially in the U.S. Development programs in this business segment also include expansion of synthetic hypericin (SGX302) into psoriasis, our first-in-class innate defense regulator (IDR) technology, dusquetide (SGX942) for the treatment of inflammatory diseases, including oral mucositis in head and neck cancer, and proprietary formulations of oral beclomethasone 17,21-dipropionate (BDP) for the prevention/treatment of gastrointestinal (GI) disorders characterized by severe inflammation including pediatric Crohn's disease (SGX203).
Our Public Health Solutions business segment includes active development programs for RiVax®, our ricin toxin vaccine candidate, and SGX943, our therapeutic candidate for antibiotic resistant and emerging infectious disease, and our vaccine programs targeting filoviruses (such as Marburg and Ebola) and CiVax™, our vaccine candidate for the prevention of COVID-19 (caused by SARS-CoV-2). The development of our vaccine programs incorporates the use of our proprietary heat stabilization platform technology, known as ThermoVax®. To date, this business segment has been supported with government grant and contract funding from the National Institute of Allergy and Infectious Diseases (NIAID), the Defense Threat Reduction Agency (DTRA) and the Biomedical Advanced Research and Development Authority (BARDA).
For further information regarding Soligenix, Inc., please visit the Company's website at https://www.soligenix.com and follow us on LinkedIn and Twitter at @Soligenix_Inc.
This press release may contain forward-looking statements that reflect Soligenix, Inc.'s current expectations about its future results, performance, prospects and opportunities, including but not limited to, potential market sizes, patient populations and clinical trial enrollment. Statements that are not historical facts, such as "anticipates," "estimates," "believes," "hopes," "intends," "plans," "expects," "goal," "may," "suggest," "will," "potential," or similar expressions, are forward-looking statements. These statements are subject to a number of risks, uncertainties and other factors that could cause actual events or results in future periods to differ materially from what is expressed in, or implied by, these statements, such as experienced with the COVID-19 outbreak. Soligenix cannot assure you that it will be able to successfully develop, achieve regulatory approval for or commercialize products based on its technologies, particularly in light of the significant uncertainty inherent in developing therapeutics and vaccines against bioterror threats, conducting preclinical and clinical trials of therapeutics and vaccines, obtaining regulatory approvals and manufacturing therapeutics and vaccines, that product development and commercialization efforts will not be reduced or discontinued due to difficulties or delays in clinical trials or due to lack of progress or positive results from research and development efforts, that it will be able to successfully obtain any further funding to support product development and commercialization efforts, including grants and awards, maintain its existing grants which are subject to performance requirements, enter into any biodefense procurement contracts with the U.S. Government or other countries, that it will be able to compete with larger and better financed competitors in the biotechnology industry, that changes in health care practice, third party reimbursement limitations and Federal and/or state health care reform initiatives will not negatively affect its business, or that the U.S. Congress may not pass any legislation that would provide additional funding for the Project BioShield program. In addition, there can be no assurance as to the timing or success of any of its clinical/preclinical trials. Despite the statistically significant result achieved in the HyBryte™ (SGX301) Phase 3 clinical trial for the treatment of cutaneous T-cell lymphoma, there can be no assurance that a marketing authorization from the FDA or EMA will be successful. Notwithstanding the result in the HyBryte™ (SGX301) Phase 3 clinical trial for the treatment of cutaneous T-cell lymphoma and the Phase 1/2 proof-of-concept clinical trial of SGX302 for the treatment of psoriasis, there can be no assurance as to the timing or success of the clinical trials of SGX302 for the treatment of psoriasis. Further, there can be no assurance that RiVax® will qualify for a biodefense Priority Review Voucher (PRV) or that the prior sales of PRVs will be indicative of any potential sales price for a PRV for RiVax®. Also, no assurance can be provided that the Company will receive or continue to receive non-dilutive government funding from grants and contracts that have been or may be awarded or for which the Company will apply in the future. These and other risk factors are described from time to time in filings with the Securities and Exchange Commission, including, but not limited to, Soligenix's reports on Forms 10-Q and 10-K. Unless required by law, Soligenix assumes no obligation to update or revise any forward-looking statements as a result of new information or future events.
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SOURCE Soligenix, Inc. | https://www.whsv.com/prnewswire/2022/09/08/soligenix-present-hc-wainwright-24th-annual-global-investment-conference/ | 2022-09-08T12:32:46Z |
AUBURN HILLS, Mich., Sept. 8, 2022 /PRNewswire/ -- SPAR Group, Inc. (NASDAQ: SGRP), a leading global provider of services to retail and consumer goods companies, today announced that its Board of Directors has initiated a process to evaluate potential strategic alternatives to maximize shareholder value. As part of the process, the Board will consider a full range of strategic alternatives, including a sale, merger, divestiture, recapitalization, going private, other strategic transactions, or continuing to operate as a public, independent company.
The Company has retained Lincoln International LLC as its financial advisors to assist with the strategic review process.
"With a strong balance sheet, 90%+ revenue growth over the last 5 years, increased profit margins, diversified services and long-term relationships with some of the most important consumer goods and retail companies in the world, we believe we are in the best financial and operational position in the company's history, yet our stock continues to trade well below a comparable industry value," said Mike Matacunas, President and CEO. "The management team is aligned with the Board that the best way to maximize shareholder value is to explore options that will unlock our potential and provide a platform for continued growth and success. Regardless of the process or outcome, the entire SPAR organization will remain committed to the execution of our work, growing our business, serving our clients and supporting our employees and joint venture partners."
The Board has not set a timetable for the conclusion of this review, nor has it made any decisions related to any further actions or potential strategic alternatives at this time. There can be no assurance that the review will result in any transaction or other strategic change or outcome. The Company does not intend to comment further until it determines that further disclosure is appropriate or necessary.
About SPAR Group, Inc.
SPAR Group is a leading global services company, providing a broad range of services to retailers, manufacturers and consumer goods companies around the world. Our combination of scale, unique technology and expertise, combined with our unwavering commitment to excellence, separate us from the competition. For more information, please visit the SPAR Group's website at http://www.sparinc.com.
Cautionary Note Regarding Forward-Looking Statements
This Press Release contains, and the above referenced recorded comments, will contain "forward-looking statements" within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or respecting, SPAR Group, Inc. ("SGRP") and its subsidiaries (together with SGRP, "SPAR", "SPAR Group" or the "Company"), filed in a Current Report on Form 10-Q by SGRP with the Securities and Exchange Commission (the "SEC") on November 15, 2021. There also are forward-looking statements contained in SGRP's Annual Report on Form 10-K for its fiscal year ended December 31, 2021, as filed with the SEC on April 15, 2022, and SGRP's First Amendment to Annual Report on Form 10-K/A for the year ended December 31, 2020, as filed with the SEC on May 2, 2022 (as so amended, the "Annual Report"), in SGRP's amended definitive Proxy Statement respecting its Annual Meeting of Stockholders held on August 12, 2021, which SGRP filed with the SEC on July 20, 2021 (the "Proxy Statement"), and the SGRP's Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports and statements as and when filed with the SEC (including the Quarterly Report, the Annual Report and the Proxy Statement, the Information Statement, the Second Special Meeting Proxy/Information Statement, each a "SEC Report"). "Forward-looking statements" are defined in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and other applicable federal and state securities laws, rules and regulations, as amended (together with the Securities Act and Exchange Act, the "Securities Laws").
The forward-looking statements made by the Company in this Press Release may include (without limitation) any expectations, guidance or other information respecting the pursuit or achievement of the Company's corporate strategic objectives. The Company's forward-looking statements also include, in particular and without limitation, those made in "Business", "Risk Factors", "Legal Proceedings", and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Annual Report. You can identify forward-looking statements in such information by the Company's use of terms such as "may", "will", "expect", "intend", "believe", "estimate", "anticipate", "continue", "plan", "project" or similar words or variations or negatives of those words.
You should carefully consider (and not place undue reliance on) the Company's forward-looking statements, risk factors and the other risks, cautions and information made, contained or noted in or incorporated by reference into this Press Release, the Annual Report, the Proxy Statement and the other applicable SEC Reports that could cause the Company's actual performance or condition (including its assets, business, clients, capital, cash flow, credit, expenses, financial condition, income, liabilities, liquidity, locations, marketing, operations, performance, prospects, sales, strategies, taxation or other achievement, results, risks, trends or condition) to differ materially from the performance or condition planned, intended, anticipated, estimated or otherwise expected by the Company (collectively, "expectations") and described in the information in the Company's forward-looking and other statements, whether expressed or implied. Although the Company believes them to be reasonable, those expectations involve known and unknown risks, uncertainties, and other unpredictable factors (many of which are beyond the Company's control) that could cause those expectations to fail to occur or be realized or such actual performance or condition to be materially and adversely different from the Company's expectations. In addition, new risks and uncertainties arise from time to time, and it is impossible for the Company to predict these matters or how they may arise or affect the Company. Accordingly, the Company cannot assure you that its expectations will be achieved in whole or in part, that the Company has identified all potential risks, or that the Company can successfully avoid or mitigate such risks in whole or in part, any of which could be significant and materially adverse to the Company and the value of your investment in SGRP's Common Stock.
You should also carefully review the risk factors described in the Annual Report (See Item 1A – Risk Factors) and any other risks, cautions or information made, contained or noted in or incorporated by reference into the Annual Report, the Proxy Statement or other applicable SEC Report. All forward-looking and other statements or information attributable to the Company or persons acting on its behalf are expressly subject to and qualified by all such risk factors and other risks, cautions and information.
The Company does not intend or promise, and the Company expressly disclaims any obligation, to publicly update or revise any forward-looking statements, risk factors or other risks, cautions or information (in whole or in part), whether as a result of new information, risks or uncertainties, future events or recognition or otherwise, except as and to the extent required by applicable law.
Investor Relations Contact:
Three Part Advisors, LLC
Sandy Martin
Tel: 214-442-0019
Phillip Kupper
Tel: 817-778-8339
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SOURCE SPAR Group, Inc. | https://www.whsv.com/prnewswire/2022/09/08/spar-group-inc-announces-review-strategic-alternatives/ | 2022-09-08T12:32:53Z |
This webinar series will focus on key topics related to the workforce and staffing industry
BOSTON, Sept. 8, 2022 /PRNewswire/ -- Today TalentBurst, Inc., a leading talent workforce solutions provider, announced their next educational webinar will be focusing on Diversity and Inclusion, (D&I) in the workplace. D&I is a passion mission for TalentBurst as they are minority owned and are a majority female employee-based employer. Through initiatives created by TalentBurst's Vice President of Diversity, the company has been recognized for the success of these initiatives with numerous diversity awards. Management's continued educational mission to highlight Diversity and Inclusion will be discussed in this upcoming Webinar.
The organization is honored to feature as one of their guest speakers, Dr. Sherri Ann Charleston, Chief Diversity and Inclusion Officer at Harvard University. Dr. Charleston is a historian with a focus on race, women, gender, citizenship and the law in the U.S. and is also an attorney with a specialization in constitutional and employment law. She brings expertise in affirmative action, Title IX and Americans with Disability Act enforcement and compliance. Dr. Charleston was also named one of the "Top 35 Women in higher Education" in 2019 in the Diverse Issues in Higher Education Magazine. Additional speakers on the show are Joy Pastor, Vice President of Diversity and Operations at TalentBurst, who has overseen the implementation and initiatives of D&I at TalentBurst since 2020 and Meridian Lamont, Director of Marketing and Social Communications at TalentBurst, who has helped to head marketing initiatives for brand and D&I awareness. The show will be hosted by Ronn Schuman, Vice President of Strategic Development at TalentBurst.
The webinar will be focusing on key topics in D&I. Discussing how one can best contribute to ensuring everyone can be given equal opportunities in the workplace. The webinar seeks to provide insight on the current challenges D&I officers and their marketing counterparts face and ways to best find a solution within teams across the United States.
The webinar, will be held on September 14th at 1:00pm EST.
To register for our webinar on September 14th at 1:00pm EST: CLICK HERE
For complimentary resources, webinar updates, and other information, visit www.talentburst.com
Since 2002, TalentBurst has established itself as one of the most respected names in the staff augmentation, payroll, and employer of record (EOR) space. TalentBurst provides total workforce talent solutions to Fortune 500 companies in the United States and Canada, including, but not limited to, staff augmentation, high hazard payrolling, and employer of record services. TalentBurst is headquartered in Natick, Massachusetts and has satellites offices in San Francisco, Portland, Toronto, Florida, New York, Bangalore, and New Delhi, India. TalentBurst has expertise in information Technology Consulting; Accounting & Finance; and Compliance Consulting in the areas of Sarbanes Oxley (SOX) and Anti-Money Laundering (AML) under the USA Patriot Act. TalentBurst has a global workforce of 2,400 people with estimated revenues of $145 million for the year (2021). TalentBurst is certified by the National Minority Supplier Development Council, Inc. (NMSDC). TalentBurst was ranked by Inc. magazine for over nine years as one of the United States' fastest growing companies. TalentBurst is also recognized as a Top 50 Diversity Owned Business in Massachusetts and Top 50 Privately held Business in Massachusetts.
Sherri Ann Charleston serves as the first Chief Diversity and Inclusion Officer (CDIO) at Harvard University. She is one of the nation's leading experts in diversity and higher education and assumed her role in August 2020.
Dr. Charleston is a historian trained in U.S. history with a focus on race, women, gender, citizenship, and the law, and an attorney with a specialization in constitutional and employment law. Most recently, she served as the Assistant Vice Provost for Diversity, Equity, and Inclusion and Chief Affirmative Action Officer at the University of Wisconsin (UW)-Madison. She was responsible for evaluating progress toward the goals of a campus-wide strategic diversity plan. During her leadership, she also oversaw the Office of Employee Disability Resources and undergraduate scholarship programs focused on recruiting and retaining students from historically underrepresented communities.
As an academician and administrator, she has expertise in affirmative action, Title IX, and Americans with Disability Act enforcement and compliance. Her focus is on translating diversity and inclusion research into practice for students, staff, researchers, postdoctoral fellows, and faculty of color. She also held faculty affiliations with the Departments of Gender and Women's Studies, teaching courses on women, inequality, and policy analysis at UW-Madison. In 2019, Diverse Issues in Higher Education magazine named her one of the "Top 35 Women in Higher Education."
Dr. Charleston received a B.A. from Columbia University in history and African American studies, a M.A. and Ph.D. in history from the University of Michigan, and J.D. from the University of Wisconsin Law School.
Joy Pastor, Vice President of Diversity and Operations joined TalentBurst in 2019, Ms. Pastor received her MBA in Business Management, and her background consists of experience from the fashion & technology industries from an Operations perspective which accelerated her growth in the Staffing industry.
Joy's passion of Diversity and Inclusion became the foundation for creating the Diversity initiatives at TalentBurst. Her belief is that it is everyone's responsibility to recognize our own biases and microaggressions. Ms. Pastor helps others to learn and understand how to overcome them to be an ally or advocate for others who cannot. Especially for those who are entrusted with a position of influence.
"I intend to do my best to be an ally and also assist those looking for knowledge and how to support."
Meridian Lamont started off her career in retail, where the importance of marketing, networking and entrepreneurship were quickly mastered and perfected. Her talent in social media and content creation drew her to positions where she was able to interact with customers and clients, while pairing the creativity of content creation for social platforms. Ms. Lamont is leading TalentBurst marketing ideology by forming a connection with others through graphics, images, and words to help people come together as well as educate on important issues is a passion of hers.
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SOURCE TalentBurst | https://www.whsv.com/prnewswire/2022/09/08/talentburst-announces-new-webinar-episode-diversity-inclusion-workplace/ | 2022-09-08T12:33:00Z |
OTTAWA, ON, Sept. 8, 2022 /PRNewswire/ - Tetra Bio-Pharma Inc. ("Tetra" or the "Company") (TSX: TBP) (OTCQB: TBPMF) (FRA: JAM1), a leader in cannabinoid-based drug discovery and development, announced today that the Company has revised the terms of its previously announced financing arrangement (the "Financing") with Global Corporate Finance Opportunities 16 (the "Investor"), an investment vehicle advised by Alpha Blue Ocean ("ABO"), and has closed the first tranche of the Financing on such revised terms, the whole pursuant to the terms of an amended and restated subscription agreement dated September 2, 2022 (the "Amended and Restated Subscription Agreement").
Pursuant to the terms of the Amended and Restated Subscription Agreement, the Investor has now agreed to purchase up to $10,000,000 aggregate principal amount of convertible debentures ("Debentures") instead of up to $6,000,000 principal amount of Debentures as initially agreed upon. In addition, the Company has agreed to a revised fee structure, whereby the Company has paid to the Investor a commitment fee equal to 8% of the total commitment of the Investor, paid as to 3% through the issuance of $300,000 principal amount of Debentures (the "Commitment Debentures") and as to 5% through the issuance of 7,776,050 common shares having an aggregate value of $500,000 (the "Commitment Shares"). The terms of the Financing announced on August 11, 2022 otherwise remain unchanged in all material respects.
As part of the closing of the first tranche of the Financing, the Company issued to the Investor (i) $400,000 principal amount of Debentures, (ii) the Commitment Debentures, (iii) the Commitment Shares, and (iv) warrants to acquire 1,196,172 common shares at a price of $0.0836 per share (the "Warrants"). The Debentures issued as part of the first tranche do not bear interest and will mature on September 7, 2023. The Warrants issued as part of the first tranche have an expiry date of September 7, 2025.
The Company intends to use the net proceeds of the Financing to finance the manufacturing costs of its QIXLEEF drug candidate, to repay indebtedness and for working capital.
The listing of the Commitment Shares and the Common Shares underlying the Debentures and the Warrants has been conditionally approved by the Toronto Stock Exchange. Listing remains subject to the receipt of final approval of the Toronto Stock Exchange.
Each closing of a tranche of the Financing is subject to a number of conditions precedent. There is no guarantee that the Company will be able to meet all of the conditions precedent for a particular tranche. Therefore, the actual proceeds that the Company will receive under the terms of the Amended and Restated Subscription Agreement cannot be readily determined at this time.
The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and accordingly, may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release will not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Toronto Stock Exchange has not approved the contents of this press release. Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
Tetra Bio-Pharma (TSX: TBP) (OTCQB: TBPMF) (FRA:JAM1) is a leader in cannabinoid-derived drug discovery and development with a FDA and a Health Canada cleared clinical program aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. Tetra's evidence-based scientific approach has enabled them to develop a pipeline of cannabinoid-based drug products for a range of medical conditions, including pain, inflammation, and oncology. With patients at the core of what they do, Tetra is focused on providing rigorous scientific validation and safety data required for inclusion into the existing biopharma industry by regulators, physicians, and insurance companies.
For more information visit: www.tetrabiopharma.com.
Some statements in this release may contain forward-looking information, including statements regarding the use of proceeds of the Financing and the listing of the Common Shares on the Toronto Stock Exchange. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Forward-looking statements in this news release include, among other things, statements about: the terms of the Financing and the Debentures and the Warrants issuable in connection therewith, including applicable maturity dates; and the use of proceeds from the Financing. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company to obtain sufficient financing to execute the Company's business plan, competition, regulation and anticipated and unanticipated costs and delays, the success of the Company's research and development strategies, including the success of this product or any other product, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions, the risk that the anticipated benefits from the receipt of funds from the Investor will not be realized as contemplated, or at all, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
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SOURCE Tetra Bio-Pharma Inc. | https://www.whsv.com/prnewswire/2022/09/08/tetra-bio-pharma-inc-announces-revised-terms-first-closing-financing-with-alpha-blue-ocean/ | 2022-09-08T12:33:06Z |
These platform improvements will help businesses across all verticals better connect with their customers through text messaging.
CHATTANOOGA, Tenn., Sept. 8, 2022 /PRNewswire/ -- Text Request, the business text messaging platform built to ignite customer engagement, has released a suite of new features and integrations throughout the summer to help business users better connect with their customers and other contacts through text messaging.
New features include:
- A desktop app
- Contact Merge Fields for individual messages and saved message Templates
- New reports for user logins and for payments
- Send and receive PDF attachments
- MMS (picture) messaging and PDFs for HIPAA Compliant Texting accounts
- Ability for account admins to redact messages, hiding personal info shared via text
- Improvements to the Zipwhip Migration Tool, which now automatically transfers text lines, users, contacts, message history, contact notes, opt outs, and templates from Zipwhip to Text Request without users having to download any data
Earlier this year, Text Request was named a recommended replacement for Zipwhip by Twilio, the company who acquired Zipwhip, and has already helped 1,000+ businesses transfer data to continue texting seamlessly. Current Zipwhip users looking to make the switch can start the process here. Zipwhip services end on November 30, 2022.
New integrations include:
- Help Scout: Import contacts from Help Scout to Text Request, and sync text conversations in Help Scout.
- Quickbooks: Sync contacts from Quickbooks to Text Request, automatically send notifications and receipts for invoices and payments, and handle inbound questions via text.
- Angi Leads: Trigger texts to new leads that come in through Angi, and continue the conversation via Text Request.
"It's a big year for product improvements," says Text Request co-founder and CTO Rob Reagan, "and we have several more notable updates coming this quarter and next. But it's an even bigger year for revenue growth. We've already doubled our recurring revenue this year."
Text Request has seen a large uptick in text messaging from both businesses and consumers since the COVID-19 pandemic began. Consumers increasingly expect contactless engagement and digital communications, and businesses have been adopting new technologies faster than ever.
"To connect with customers in 2022, you have to be texting," said Reagan. "We're here to make those connections possible and effortless for business teams."
Those seeking to learn more or to sign up for Text Request can visit www.textrequest.com, or text or call (423) 218-0111.
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SOURCE Text Request | https://www.whsv.com/prnewswire/2022/09/08/text-request-adds-new-features-doubles-revenue/ | 2022-09-08T12:33:12Z |
Nation's leading wellness restaurant brand welcomes new investors to support accelerated growth.
PHOENIX, Sept. 8, 2022 /PRNewswire/ -- True Food Kitchen, the award-winning restaurant brand that has pioneered wellness-driven dining, announced a significant round of capital investment led by two new investors, HumanCo and Manna Tree, supported by existing investor Centerbridge Partners. The more than $100 million round of funding is the largest investment for the 42-unit restaurant brand that was founded in 2008 by Dr. Andrew Weil, creator of the anti-inflammatory food pyramid and world-renowned leader and pioneer in the field of integrative medicine. The HumanCo team has several key investors, including Nick Jonas and Priyanka Chopra, who have personally chosen to support the growth of the nation's leading restaurant brand backed by science.
"This investment enables us to truly broaden our mission to help well-being through more accessible, real food," said Christine Barone, CEO of True Food Kitchen. "This capital will unlock a tremendous amount of potential for our future, allowing us to expand our footprint, launch smaller formats, and ultimately allow more people across the country to experience great tasting food that is truly good for you."
Current healthy dining options do not provide what most customers are looking for and True Food Kitchen is on a mission to fill this gap. The brand believes guests should have the option to choose crave-worthy favorites, health-forward items and everything in between – without sacrificing taste or nutrition. True Food Kitchen also believes guests should be able to dine with the same exceptional, uncompromising standards of nutrition, taste and experience no matter when, where or how they decide to enjoy it.
"True Food Kitchen is in a category of its own, with a mission perfectly aligned with HumanCo to help people live a healthier life through epic food experiences," explained Jason H. Karp, Founder and CEO of HumanCo. "It's an amazing, uniquely mission-driven brand that's authentic, accessible and unwavering at a time when a lot of health and wellness is not. While many companies are engineering man-made and synthetic products, True Food Kitchen looks to nature and farms for all of its food – and we believe this is how we can all build a better, more sustainable food system. Most of all, we love that it's not just healthy food, but also delicious, craveable food with fresh and intriguing options using only the best real food ingredients."
"Manna Tree is committed to improving human health through nutrition and found True Food Kitchen as a partner dedicated to that same mission," added Manna Tree Co-Founder and President Brent Drever. "We're looking forward to working closely with their management team and leveraging our expertise to help True Food Kitchen bring its revolutionary 'better food for better living' concept to a much wider audience."
HumanCo and Manna Tree bring deep experience with brands that promote healthier living, and together they will help guide True Food Kitchen through its next phase of profitable growth. Both investor groups have had unforgettable personal experiences with True Food Kitchen, leading to their interest in getting involved with the brand. They recognized that eating at True Food Kitchen is a unique experience where the food is fresh and backed by science, the seasonal ingredients are consciously sourced, the full bar offers handcrafted cocktails with organic spirits and freshly pressed juices, and the staff is educated to inform guests thoughtfully on any dietary preferences. HumanCo and Manna Tree join other True Food investors including Centerbridge Partners, Oprah Winfrey, Lion Capital, Dr. Andrew Weil and Howard Schultz.
"Bringing people together over a delicious meal that makes you feel good has always been a passion of mine. It's what made me want to be part of True Food Kitchen originally," said Oprah Winfrey. "I am excited to continue to support the brand in expanding their mission to bring seasonal, delicious and nutritious food to more people."
Bank of America Securities advised True Food Kitchen on the transaction.
About True Food Kitchen
Founded in Phoenix in 2008, True Food Kitchen is a restaurant and lifestyle brand inspired by the philosophy that food should make you feel better, not worse, and that great tasting food and thoughtfully crafted beverages can serve as the foundation for a life well lived. The brand is driven by a passionate collective of accomplished chefs, visionary restaurateurs and a renowned doctor of integrative medicine, who believe delicious dining and conscious nutrition can go hand in hand without sacrificing flavor, creativity or indulgence. True Food Kitchen's seasonal menu is guided by the principles of Dr. Andrew Weil's anti-inflammatory food pyramid. True Food Kitchen emphasizes wholesome, simple ingredients with thoughtful preparations to highlight the natural health benefits and flavors of each ingredient. From nutrient-dense staples and carefully sourced proteins to little-known superfoods, True Food Kitchen is committed to sourcing the most responsible, creative and freshest in-season ingredients. True Food Kitchen has 42 locations in 17 states, including Arizona, California, Colorado, Florida, Georgia, Illinois, Louisiana, Maryland, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas and Virginia.
About HumanCo
HumanCo is a mission-driven company that invests in and builds brands focused on healthier living and sustainability. The company advances the health of consumers using a long-term strategy around impactful, cleaner consumer products that lead to healthier outcomes and improved trust. Current brands include Cosmic Bliss (www.cosmicbliss.com), Snow Days (www.snowdays.com), and Against the Grain (www.againstthegraingourmet.com). HumanCo's team of entrepreneurs, scientists, and investment professionals share a relentless passion for human health, wellness, and sustainability. For more information, please visit our website at www.humanco.com.
About Manna Tree
Manna Tree (www.mannatreepartners.com) is a Vail, Colorado-based investment firm committed to improving human health. The firm invests in and actively partners with growth-stage companies. Manna Tree believes the future of health, well-being and longevity is attainable through innovation in food. Manna Tree has made 11 investments to date: Health-Ade, The New Primal, Urban Remedy, Evolve Biosystems, Gotham Greens, Verde Farms, Nutriati, Vital Farms, Cheetah, Good Culture and MycoTechnology.
About Centerbridge Partners
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines—private equity, private credit and real estate—in an effort to develop the most attractive opportunities for our investors. The firm was founded in 2005 and, as of June 30, 2022, has approximately $34 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies. For more information, please visit centerbridge.com.
About Lion Capital
Lion Capital is a consumer-focused investor passionate about driving growth through strong brands. The firm's principals have led the investment of over $9.9 billion in more than 51 businesses and more than 186 consumer brands across North America and Europe. Lion's focus on market-leading consumer-facing companies has led to investments in such well-known brands as Kettle Foods, Jimmy Choo, Gordon Ramsay and AllSaints. www.lioncapital.com.
Media Contact:
Lesley Sillaman, Executive Vice President
Red Havas
Lesley.Sillaman@redhavas.com
202-491-4055
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SOURCE True Food Kitchen | https://www.whsv.com/prnewswire/2022/09/08/true-food-kitchen-raises-100-million-mission-aligned-investors-help-people-eat-better-feel-better-amp-live-better/ | 2022-09-08T12:33:19Z |
77% of recent renters made compromises in order to afford their home amid record-high rents
SEATTLE, Sept. 8, 2022 /PRNewswire/ -- Finding and landing a rental is stressing people out. The typical monthly rent in the U.S. has soared to a record high of $2,031, and a new Zillow survey shows how tired and burnt out Americans are as they search for new homes and apartments. Two in five recent renters said they lost sleep during their search, with many fretting about cost, communication and competition.[i]
Not being able to find an affordable rental is the most common stressor, with 38% of renters noting it as one of the most stressful parts of their search, which coincides with rents jumping 24% in just the past two years. According to census data, the typical renter household brings in $3,800 each month, meaning they'd have to spend more than half (53%) of their income to rent the typical apartment or house.
In addition to stress caused by runaway prices, 26% of renters said keeping track of emails or messages from landlords they contacted was a concern. And 22% reported the same of having to compete against other renters.
Renters are making tradeoffs to land a new home in a high-stakes search environment. According to Zillow's survey, 77% said they made compromises to afford their most recent rental, with the most common being settling for a place that didn't have all of the features they wanted, such as new appliances, AC or a balcony. Just under a third of recent renters (30%) said they ended up renting a smaller home than they had planned.
"Rising rents are only adding to the pressure renters feel during what is already an emotional and challenging process," said Zillow home trends expert Amanda Pendleton. "Renters are often staring down a deadline to leave their current rental, and with competition so intense, they need to make decisions quickly. This survey shows even if renters are making compromises to land an apartment, many are still suffering emotional and physical strain."
Peak rental season is here, and many renters are just starting their search. Zillow's survey found 76% of renters said they would have done at least one thing differently in their most recent rental search. While the rental market is expensive and competitive, there are steps renters can take to help relieve stress and get a full night's sleep:
- Understand what they can afford and establish a budget.
- Stay organized.
- Know their rights.
- Search smarter.
Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG) is reimagining real estate to make it easier to unlock life's next chapter. As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and ease.
Zillow Group's affiliates and subsidiaries include Zillow®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Trulia®, Out East®, ShowingTime®, Bridge Interactive®, dotloop®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).
i This survey was conducted online within the United States by The Harris Poll on behalf of Zillow from August 9-11, 2022 among 2,064 U.S. adults ages 18 and older, among whom 406 have moved into a rental unit in the past 2 years. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within + 2.8 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact press@zillow.com
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SOURCE Zillow | https://www.whsv.com/prnewswire/2022/09/08/up-all-night-40-renters-report-losing-sleep-when-trying-find-new-place/ | 2022-09-08T12:33:26Z |
Illinois, Delaware and South Carolina had the Highest Foreclosure Rates;
Completed Foreclosures Increase 28 Percent from Last Month
IRVINE, Calif., Sept. 8, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today released its August 2022 U.S. Foreclosure Market Report, which shows there were a total of 34,501 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 14 percent from a month ago and up 118 percent from a year ago.
Lenders started the foreclosure process on 23,952 U.S. properties in August 2022, up 12 percent from last month and up 187 percent from a year ago.
"Two years after the onset of the COVID-19 pandemic, and after massive government intervention and mortgage industry efforts to prevent defaults, foreclosure starts have almost returned to 2019 levels," said Rick Sharga, executive vice president of market intelligence at ATTOM. "August foreclosure starts were at 86 percent of the number of foreclosure starts in August 2019, but it's important to remember that even then, foreclosure activity was relatively low compared to historical averages."
States that had at least 100 foreclosure starts in August 2022 and saw the greatest monthly increases in foreclosure starts included: Oklahoma (up 80 percent); Tennessee (up 74 percent); Virginia (up 64 percent); Arkansas (up 53 percent); and Washington (up 50 percent).
In taking a more granular look, those counties that had the greatest number of foreclosure starts in August 2022 included: Cook County, IL (798 foreclosure starts); Los Angeles County, CA (740 foreclosure starts); Harris County, TX (465 foreclosure starts); Suffolk County, NY (297 foreclosure starts); and Riverside County, CA (280 foreclosure starts).
Nationwide one in every 4,072 housing units had a foreclosure filing in August 2022. States with the highest foreclosure rates were Illinois (one in every 1,926 housing units with a foreclosure filing); Delaware (one in every 2,387 housing units); South Carolina (one in every 2,417 housing units); New Jersey (one in every 2,441 housing units); and Florida (one in every 2,950 housing units).
Among the 223 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in August 2022 were Peoria, IL (one in every 869 housing units with a foreclosure filing); Jacksonville, NC (one in every 968 housing units); Bakersfield, CA (one in every 1,454 housing units); South Bend, IN (one in every 1,478 housing units); and Rockford, IL (one in every 1,496 housing units).
Those metropolitan areas with a population greater than 1 million, with the worst foreclosure rates in August 2022 were: Cleveland, OH (one in every 1,820 housing units); Chicago, IL (one in every 1,877 housing units); Jacksonville, FL (one in every 2,074 housing units); Riverside, CA (one in every 2,091 housing units); and Orlando, FL (one in every 2,445 housing units).
Lenders repossessed 3,938 U.S. properties through completed foreclosures (REOs) in August 2022, up 28 percent from last month and up 59 percent from last year.
"Repossessions are likely to continue running below pre-pandemic levels for several reasons, most importantly that over 90 percent of borrowers in foreclosure have positive equity in their homes, and would benefit from selling these properties at a profit rather than risk losing everything to a foreclosure auction or lender repossession," Sharga noted.
Those states that had the greatest number of REOs in April 2022, included: Illinois (493 REOs); New York (337 REOs); Michigan (326 REOs); Pennsylvania (260 REOs); and California (189 REOs).
Among those major metropolitan statistical areas (MSAs) with a population greater than 1 million that saw the greatest monthly increase in REOs in August 2022, were: Kansas City, MO (up 967 percent); New York, NY (up 90 percent); Philadelphia, PA (up 28 percent); and Detroit, MI (up 23 percent).
The ATTOM U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the ATTOM Data Warehouse during the month and quarter. Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter. Data is collected from more than 3,000 counties nationwide, and those counties account for more than 99 percent of the U.S. population. ATTOM's report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). For the annual, midyear and quarterly reports, if more than one type of foreclosure document is received for a property during the timeframe, only the most recent filing is counted in the report. The annual, midyear, quarterly and monthly reports all check if the same type of document was filed against a property previously. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state where the property is located, the report does not count the property in the current year, quarter or month.
ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud.
Media Contact:
Christine Stricker
949.748.8428
christine.stricker@attomdata.com
Data and Report Licensing:
949.502.8313
datareports@attomdata.com
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SOURCE ATTOM Data Solutions | https://www.whsv.com/prnewswire/2022/09/08/us-foreclosure-starts-reach-pre-pandemic-levels-nationwide/ | 2022-09-08T12:33:32Z |
As new national data reveals 65% of leaders consider wellbeing integral to their workforce strategy, Kumanu blends focus on personal, organizational, and social determinants of health through a unified and customizable platform
ANN ARBOR, Mich., Sept. 8, 2022 /PRNewswire/ -- Kumanu, the purpose-centered wellbeing company, today announced capabilities to help center workforce strategy on unaddressed factors driving engagement, retention, and better mental health.
The Business Group on Health's 2023 Large Employer Survey reveals that most leaders now consider wellbeing integral to workforce strategy. Trending needs include Social Determinants of Health, mental health stigma, and rampant burnout.
"The scientific literature overwhelmingly points to personal purpose as a catalyst in creating positive change in these areas. That's exactly what we're seeing," said Dr. Vic Strecher, renowned researcher, Kumanu's founder and chief executive officer, and author of Life On Purpose: How Living for What Matters Most Changes Everything.
By centering experience on individual roles, values, and purpose, Kumanu's platform delivers a uniquely personalized experience. This caught the attention of Randy Oostra, CEO of ProMedica, a leading healthcare delivery system.
"When we learned about Kumanu's purpose-centered approach to wellbeing, we were intrigued. When we saw the potential to integrate a Social Determinants of Health focus, we became inspired by the opportunity to impact peoples' lives in profound ways, through their employers," said Oostra.
Kumanu's innovations for this Fall include:
- AI-supported digital coaching that helps individuals restore energy and build emotional wellbeing into each day through small-step behaviors aligned to purposeful intentions,
- An individually tailored employee resource hub that blends vetted local programs for Social Determinants with employer-sponsored benefits, expert behavioral strategies and inspiring tips curated from the user community,
- Workforce analytics, powered by Kumanu's Purposeful Culture Index™, a predictive model that links workforce strategy to employee experience, engagement, retention, and positive mental health indicators,
- Purposeful Leader workshops designed to build a culture of wellbeing by cultivating individual and shared purpose, and encouraging leadership strategies that reduce workforce burnout.
These elements are now being deployed at ProMedica, and at a growing roster of organizations partnering with Kumanu to reboot their wellbeing strategies.
Kumanu transforms how organizations approach the emotional and social wellbeing of their workforce by addressing root causes missed in traditional programs. For more information, visit www.kumanu.com.
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SOURCE Kumanu | https://www.whsv.com/prnewswire/2022/09/08/wellbeing-takes-center-stage-workforce-strategy-kumanu-launches-capabilities-combat-burnout-cultivate-purpose/ | 2022-09-08T12:33:39Z |
More than 500 WellCare Medicaid members eligible for assistance
LOUISVILLE, Ky., Sept. 8, 2022 /PRNewswire/ -- Over the past few years, many medically underserved Kentuckians have delayed seeking care to help manage chronic conditions or to make preventive medical appointments. First, COVID-19 restrictions kept people from making appointments. Now, a steep rise in gas prices has made getting to appointments even more difficult.
To alleviate the financial strain of high gas prices and to encourage people to make and keep important appointments, WellCare of Kentucky and Kentucky Homeplace (KHP) have partnered to distribute gas cards offered at no cost to current WellCare Medicaid members. KHP, a program of the University of Kentucky's Center of Excellence in Rural Health (UK CERH), is coordinating the distribution in its 32-county service area in eastern Kentucky.
"We understand that many individuals have fallen behind on preventive care during the pandemic and as a result of the high cost of gas," said Dr. Frances Feltner, director of the UK CERH and principal investigator of KHP. "This program is going to help a lot of people get back on track."
The project is supported by a $15,000 donation from WellCare.
"Lack of transportation is often a barrier to care for our members, especially those who live in more rural areas," said Corey Ewing, plan president and CEO of WellCare. "We don't want the inability to fill their tanks to keep them from making and keeping what in some cases can be live-saving appointments."
KHP community health workers will identify clients in their 32-county service area of eastern Kentucky who have fallen behind on preventive care, and who are WellCare Medicaid members, to connect them with this opportunity.
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WellCare of Kentucky provides government-sponsored managed care services to families, children, seniors, and individuals with complex needs primarily through Medicaid, Medicare Advantage, and Medicare Prescription Drug Plans across the state. WellCare is a wholly subsidiary of Centene Corporation, a leading healthcare enterprise committed to helping people live healthier lives. For more information, please visit wellcare.com/kentucky.
Residents of rural Kentucky have unusually high levels of certain diseases. These include cancer, heart disease, hypertension, asthma, and diabetes. Lifestyle choices, environmental factors, inadequate health insurance and general lack of understanding of the healthcare system are often cited as contributing to this condition. Kentucky Homeplace was created in 1994 by the University of Kentucky Center of Excellence in Rural Health to help address these issues. Based in Hazard, Ky., Kentucky Homeplace's 32-county community health worker initiative has linked tens of thousands of rural Kentuckians with medical, social and environmental services they otherwise might have gone without. For more information, visit kyruralhealth.org.
The University of Kentucky Center of Excellence in Rural Health was established by state legislation in 1990 to address health disparities in rural Kentucky and the unique challenges faced by our communities. The mission was and still is today to improve the health and wellbeing of rural Kentuckians. For more than three decades, the Center has partnered with communities, providers, students and individuals to provide health professions education, health policy research, health care service and community engagement toward reaching this mission. For more information, visit kyruralhealth.org.
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SOURCE WellCare of Kentucky | https://www.whsv.com/prnewswire/2022/09/08/wellcare-kentucky-kentucky-homeplace-partner-distribute-gas-cards-medicaid-members/ | 2022-09-08T12:33:45Z |
- Five in Five: Five billion+ transactions and nearly $1.5 trillion have moved across the network since 2017.
- Safe Payments: More than 99.9% of payments are sent without any report of fraud or scams.
- Widespread Adoption by U.S. Financial Institutions: Nearly 1700 banks and credit unions, including minority deposit institutions (MDIs), now offer Zelle® in their apps.
- More than P2P: Disbursements increased 87% quarter-over-quarter; while growth in Zelle® for Small Business resulted in nearly eight million employees, contractors, and customers receiving payments from small businesses.
SCOTTSDALE, Ariz., Sept. 8, 2022 /PRNewswire/ -- In the past five years, consumers and businesses, small and large, have sent more than five billion Zelle® payments, totaling nearly $1.5 trillion, according to Early Warning Services, LLC, the network operator of Zelle®.
Zelle® users have leveraged the convenience and security of Zelle® to gift money, pay rent, reimburse friends and family for shared costs, receive reimbursements, or access money in critical moments, usually within minutes using Zelle®.
"Zelle® has transformed the way more than a hundred million people move money and conduct digital transactions," said Al Ko, Chief Executive Officer at Early Warning. "We are part of consumers' everyday lives and committed to being their trusted source for digital payments that are easy to use and don't require the sharing of any bank account information. Thanks to our financial institution participants, reseller partners, and employees, we continue to innovate and expand adoption while enhancing protection measures."
The network has achieved more than 99.9% of payments sent without any report of fraud or scams. Zelle® and its participating financial institutions are continuously evolving and adapting consumer protection measures to address the dynamic nature of deceptive activities. For instance, real-time safety notifications (within the user experience and payment flow) alert users to only use Zelle® when sending money to people they know and trust.
In addition to the extensive education that financial institution participants deliver to their customers, Zelle® partners with non-profits, consumer safety organizations, influencers, and enterprises. By collaborating with The Cybercrime Support Network, Detroit Pistons, EVERFI, Nev Shulman, The Knoble, and Vox Media, the company continuously educates consumers on how to stay safe when using digital payments such as Zelle®. The recently launched Zelle® Learning Hub is another resource that helps consumers make smart financial decisions that begin with education.
The Zelle Network® is open to any size financial institution that wants to give its customers access to real-time payments. Today, nearly 1700 banks and credit unions, including 100+ MDIs, offer Zelle® in their app. Throughout the past year, the company worked with its resellers on rebate programs for qualifying MDIs that sign up to offer Zelle®, giving their customers equitable access to financial services with additional tools to help meet their financial goals.
Fortune 500 companies, including major online retailers, educational institutions, and national non-profits, are disbursing funds—tuition, rebates, settlements, insurance payments— as a fast and safe alternative to sending checks. In Q2 2022, the Zelle Network® achieved an 87% quarter-over-quarter increase in disbursement transactions. In addition, nearly eight million employees, contractors, and customers received payments from small businesses.
"Increased Zelle® usage by small businesses year over year is impressive," said Erika Bauman, director of commercial banking and payments at Aite-Novarica. "Our research shows that business adoption has more than doubled across the market. The rapid growth of Zelle® is due to greater efficiency, access to funds, and increased recipient satisfaction."
Overall payments in Q2 2022 equated to $155 billion sent through the Zelle Network® on 554 million transactions. Year-over-year payment values increased by 29%, while payment volume increased by 27%.
Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle® makes it fast, safe, and easy for money to move. The Zelle Network® connects financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people and businesses they know and trust with a bank account in the U.S. Funds are available directly in bank accounts generally within minutes when the recipient is already enrolled with Zelle®. To learn more about Zelle® and its participating financial institutions, visit www.zellepay.com.
Early Warning Services, LLC is a fintech company owned by seven of the country's largest banks. For almost three decades, our identity, authentication, and payment solutions have been empowering financial institutions to make confident decisions, enable payments and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences. The combination of Early Warning's risk and payment solutions enables the financial services industry to move money fast, safe, and easy, so that people can live their best financial lives. To learn more about Early Warning, visit www.earlywarning.com
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SOURCE Early Warning Services, LLC | https://www.whsv.com/prnewswire/2022/09/08/zelle-reaches-five-year-milestone-with-more-than-five-billion-safe-secure-transactions/ | 2022-09-08T12:33:51Z |
Updated September 7, 2022 at 7:31 PM ET
ANN ARBOR, Mich. — Enforcement of Michigan's 1931 abortion ban was blocked Wednesday by a judge who replaced her temporary order with a permanent injunction.
Michigan Court of Claims Judge Elizabeth Gleicher ruled the Michigan Constitution's due process clause is expansive enough to cover reproductive rights.
"The Michigan Constitution protects the right of all pregnant people to make autonomous health decisions," she wrote, and later: "Exercising the right to bodily integrity means exercising the right to determine when in her life a woman will be best prepared physically, emotionally and financially to be a mother."
Gleicher's initial temporary order pre-dated the U.S. Supreme Court's Dobbs v. Jackson Women's Health Organization ruling in June.
Dr. Sarah Wallett, the chief medical officer for Planned Parenthood of Michigan, says this means abortion rights are protected while there's still a lot of litigation pending.
"But this does help reassure providers and patients who are really worried that that might not always be the case in Michigan," she told the Michigan Public Radio Network.
Michigan's dormant abortion law would threaten abortion providers with felony charges.
Gleicher's opinion was somewhat technical. It did not directly bar prosecutors from filing charges against abortion providers. Instead, she instructed Michigan Attorney General Dana Nessel to inform prosecutors that abortion rights remain protected. Nessel has already said she won't file charges under the 1931 law.
The distinction is meaningless, according to attorney David Kallman, who represents county prosecutors who say they are allowed to file criminal charges under the 1931 law.
"Unbelievable," he said. "Talk about a shift and a change in our constitutional form of government. I didn't realize the state of Michigan now, according to Judge Gleicher, controls and runs all 83 county prosecutors' offices in this state."
This is one of several abortion-related legal cases in play in Michigan. It could join at least three decisions that have been appealed to the Michigan Supreme Court. There's also a separate case that seeks to put an abortion rights amendment on the November ballot.
The court is expected to rule this week on a challenge to the petition campaign, which gathered nearly 750,000 signatures — a record — in an effort to put a proposed reproductive rights amendment on the November ballot.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2022-09-07/a-1931-law-criminalizing-abortion-in-michigan-is-unconstitutional-a-judge-rules | 2022-09-08T12:48:05Z |
Catalina State Park officials in Arizona believe powerful monsoon rains brought it down last month. Its trunk has splintered and its large arms are now sprawled on the ground.
Copyright 2022 NPR
Catalina State Park officials in Arizona believe powerful monsoon rains brought it down last month. Its trunk has splintered and its large arms are now sprawled on the ground.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-09-08/a-200-year-old-saguaro-cactus-has-fallen-do-to-a-powerful-monsoon | 2022-09-08T12:48:05Z |
Catalina State Park officials in Arizona believe powerful monsoon rains brought it down last month. Its trunk has splintered and its large arms are now sprawled on the ground.
Copyright 2022 NPR
Catalina State Park officials in Arizona believe powerful monsoon rains brought it down last month. Its trunk has splintered and its large arms are now sprawled on the ground.
Copyright 2022 NPR | https://www.keranews.org/2022-09-08/a-200-year-old-saguaro-cactus-has-fallen-do-to-a-powerful-monsoon | 2022-09-08T12:48:11Z |
NPR's A Martinez talks to former CIA officer David Priess about reports that some of America's most closely guarded secrets were among documents seized from Donald Trump's Florida estate.
Copyright 2022 NPR
NPR's A Martinez talks to former CIA officer David Priess about reports that some of America's most closely guarded secrets were among documents seized from Donald Trump's Florida estate.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-09-08/fbi-finds-information-about-a-foreign-countrys-nuclear-program-in-mar-a-lago-search | 2022-09-08T12:48:11Z |
NPR's A Martinez talks to former CIA officer David Priess about reports that some of America's most closely guarded secrets were among documents seized from Donald Trump's Florida estate.
Copyright 2022 NPR
NPR's A Martinez talks to former CIA officer David Priess about reports that some of America's most closely guarded secrets were among documents seized from Donald Trump's Florida estate.
Copyright 2022 NPR | https://www.keranews.org/2022-09-08/fbi-finds-information-about-a-foreign-countrys-nuclear-program-in-mar-a-lago-search | 2022-09-08T12:48:17Z |
Nicknamed the "Corn Kid," Tariq, who lives in New York, has been declared South Dakota's Official Corn-bassador after his passion for the vegetable went viral on TikTok and YouTube.
Copyright 2022 NPR
Nicknamed the "Corn Kid," Tariq, who lives in New York, has been declared South Dakota's Official Corn-bassador after his passion for the vegetable went viral on TikTok and YouTube.
Copyright 2022 NPR | https://www.keranews.org/2022-09-08/meet-the-7-year-old-boy-who-is-south-dakotas-corn-bassador | 2022-09-08T12:48:23Z |
Updated September 8, 2022 at 8:02 AM ET
KYIV, Ukraine — Secretary of State Antony Blinken made an unannounced trip to Kyiv on Thursday, where he is expected to announce billions of dollars more financial aid to help Ukraine in Russia's invasion.
This is Blinken's second trip to the Ukrainian capital since this year's conflict began in February. He is the highest-ranking official in the Biden administration to visit the country in over six months of conflict.
After arriving in Kyiv early Thursday, Blinken met with U.S. Embassy staff and visited Ohmatdyt children's hospital, where he met with doctors, children who had come from eastern Ukraine and "Patron" the famous bomb-sniffing dog.
Blinken also met with Ukrainian Foreign Minister Dmytro Kuleba in the afternoon.
Later in the day, the secretary of state is expected to announce that the Biden administration plans to ask Congress to make another $2 billion available for long-term investments in security in Ukraine and neighboring countries, many of which are NATO allies that face the risk of future Russian aggression, State Department officials tell NPR.
He is also expected to give more details about $675 million in military aid announced earlier Thursday by Defense Secretary Lloyd Austin, who is in Germany at a meeting with defense counterparts from around the world.
The aid, which is part of President Biden's presidential drawdown authority, is set to include more High Mobility Artillery Rocket System (HIMARS), as well as more munitions and armed vehicles, according to the State Department.
This latest tranche will bring the total security assistance to Ukraine since Russia launched its full-scale ground invasion on Feb. 24 to $13.5 billion.
Blinken's trip, six months into the conflict, is meant to show that the U.S. is "fully committed to Ukraine," according to State Department officials.
His trip to Ukraine comes at a crucial time.
Concerns continue to mount over the safety and security of the Zaporizhzhia nuclear power plant, which has been occupied by Russian forces since March but operated by Ukrainian staff.
A report released this week by the International Atomic Energy Agency revealed that shelling has compromised the physical integrity of the plant and that working conditions for the staff are tenuous, among other findings that experts say could lead to human error and, potentially, a nuclear disaster.
Both the Biden administration and the United Nations have called on the Russians to demilitarize the complex.
Meanwhile, the Ukrainians are engaged in a counteroffensive in the east and southern part of the country — one that Kyiv says is going successfully, albeit slowly.
Meanwhile, Blinken's aides say he is also gearing up for the United Nations General Assembly, which takes place later this month. Russia's war in Ukraine and the ripple effects in global food and energy markets are set to be major themes this year.
Since the start of Russia's invasion in February, the U.S. has promised billions of dollars in military and budgetary aid to Ukraine, including a $40 billion aid package passed by Congress in May. Millions of aid has already been dispersed. At the six-month mark of the conflict, polling showed that a majority of Americans believe the U.S. should continue to support Ukraine in the war.
Michele Kelemen contributed reporting from Washington, D.C.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wyomingpublicmedia.org/2022-09-08/secretary-of-state-blinken-makes-an-unannounced-visit-to-ukraine | 2022-09-08T12:48:24Z |
The U.N. general assembly prepares to address the war in Ukraine. The second suspect in the Canadian mass stabbings dies in police custody. A judge strikes down Michigan's strict anti-abortion law.
Copyright 2022 NPR
The U.N. general assembly prepares to address the war in Ukraine. The second suspect in the Canadian mass stabbings dies in police custody. A judge strikes down Michigan's strict anti-abortion law.
Copyright 2022 NPR | https://www.keranews.org/2022-09-08/news-brief-russian-filtration-camps-canadian-stabbing-case-michigan-abortion-law | 2022-09-08T12:48:29Z |
Ukrainian forces retake Russian-held territory near Kharkiv
KYIV, Ukraine (AP) — Ukrainian forces in the northeastern Kharkiv region have retaken portions of Russian-held territory there as a Ukrainian counteroffensive in the south has drained some of Moscow’s resources in the area, according to a report released Wednesday.
Ukrainian forces in the Kharkiv region are “likely exploiting Russian force reallocation” to areas near the occupied city of Kherson in the south “to conduct an opportunistic yet highly effective counteroffensive” in the province, Washington-based think tank Institute for the Study of War said.
Ukrainian forces likely used “tactical surprise” to advance at least 12 miles (20 kilometers) into Russian-held territory in the Kharkiv region on Wednesday, recapturing approximately 155 square miles (400 square kilometers) of ground, the report said.
Vitaly Ganchev, the Moscow-backed mayor of the town of Kupiansk in a Russian-occupied area of the Kharkiv region, said Thursday that authorities had begun evacuating women and children from the town and nearby areas because of relentless Ukrainian shelling.
In his nightly video address on Wednesday, Ukrainian President Volodymyr Zelenskyy also reported success in the Kharkiv region but didn’t provide details on its scope.
“This week we have good news from the Kharkiv region. You have probably already seen reports about the activity of Ukrainian defenders, and I think every citizen feels proud of our warriors,” Zelenskyy said.
The gains came as Ukraine continued to mount a counteroffensive in the southern Kherson region, where the Ukrainian military is trying to retake territory from the Russians and has claimed the recapture of an unspecified number of towns.
Ukraine’s ongoing operations near Kherson have forced Russian forces to shift their focus to the south, the Institute for the Study of War report said, enabling Ukrainian forces to launch localized but highly effective counterattacks near Kharkiv, Ukraine’s second-largest city.
Zelenskyy’s presidential adviser, Oleksiy Arestovych, also spoke of Ukrainian gains near Kharkiv late Wednesday, saying they would help disrupt supplies to Russian forces in the area and potentially lead to their encirclement.
Meanwhile, tensions continued to simmer around Europe’s largest nuclear power plant where Ukraine and Russia have accused each other of threatening a nuclear disaster by shelling near the facility.
The towns of Nikopol and Marhanets, which face the Zaporizhzhia nuclear power plant across the Dnieper river, had come under Russian shelling overnight that left apartment buildings, a school, some industrial facilities and power lines damaged, said Valentyn Reznichenko, the governor of the Dnipropetrovsk province.
“The nuclear threat isn’t abating because of Russia’s mad actions and we need to consider all possible scenarios, including the worst one,” Reznichenko said in televised remarks.
The head of the U.N.’s International Atomic Energy Agency (IAEA), Rafael Grossi, has warned that “something very, very catastrophic could take place” at the Zaporizhzhia plant and urged Russia and Ukraine to establish a “nuclear safety and security protection zone” around it.
The fear is that the fighting could trigger a disaster on the scale of the Chernobyl disaster in Ukraine in 1986.
Ukrainian Deputy Prime Minister Iryna Vereshchuk urged residents of Russian-occupied areas near the power plant to evacuate, adding that Ukrainian authorities have urged the Russians to set up humanitarian corridors to evacuate local residents but received no response.
“The Russians are continuing to blackmail the Ukrainians and the entire world,” Vereshchuk said. “The Russian state engages in nuclear terrorism, setting the first such precedent in the history of mankind.”
Ukraine’s Enerhoatom company that oversees the country’s nuclear plants said that the Zaporizhzhia plant’s workers were continuing repair works on Thursday to restore at least one of seven power lines to the plant, which has continued to operate with only one of six reactors operating to power the cooling system’s pumps.
Enerhoatom’s chief Petro Kotin said that the IAEA’s proposals to improve safety at the plant can only be implemented if Russian troops leave and are replaced by a peacekeeping contingent.
IN OTHER DEVELOPMENTS:
— Turkish President Recep Tayyip Erdogan expressed agreement on Thursday with Russian President Vladimir Putin’s complaint that most of the grain from Ukraine’s reopened ports have gone to richer parts of the world. Putin said this week that practically all of the grain exported from Ukraine under a deal brokered by Ankara and the United Nations that lifted Russia’s blockade on Ukrainian ports had gone to European Union nations instead of poorer countries. Speaking in Zagreb, Croatia, on the last day of his three-day Balkan tour, Erdogan said that Turkey wished for the grain “to be delivered to really poor countries,” and urged the shipment of food and fertilizers from Russia to begin soon.
— Norway said Thursday it will donate approximately 160 Hellfire missiles to Ukraine as well as launching pads and guidance units. During a meeting in Germany, Norwegian Defense Minister Bjørn Arild Gram said his country would also supply Ukraine with night vision equipment, adding that Kyiv had requested the weapons.
— The chief of the Ukrainian military, Gen. Valerii Zaluzhnyy, acknowledged in an article published Wednesday that explosions and fires at air bases in the Russian-annexed Crimean Peninsula last month were caused by a “successful series of rocket strikes on Crimean air bases.” It marked the first official acknowledgement of responsibility for the attacks by Ukrainian authorities. Zaluzhnyy gave no details of the attacks.
— Ukraine’s presidential office said that at least 10 people were killed and another 15 were wounded by Russian shelling over the last 24 hours.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/09/08/ukrainian-forces-retake-russian-held-territory-near-kharkiv/ | 2022-09-08T12:49:27Z |
United makes ‘conditional’ order for electric air taxis
DALLAS (AP) — United Airlines thinks that in a few years, plenty of big-city customers will pay $100 or more for a one-way ride to the airport in a four-seat, electric-powered air taxi.
The Chicago-based airline said Thursday that it invested $15 million in a startup manufacturer, and signed a “conditional” agreement to buy 200 of the tiny aircraft with options for 200 more.
United said it expects to receive the first taxis — which will take off and land vertically, like helicopters — from Eve Air Mobility as soon as 2026.
It’s hard to judge United’s commitment to the deal, since it wouldn’t provide terms for the order. A spokesman said the conditions are standard when buying an aircraft that hasn’t been certified by regulators, and they cover “a number of United’s business objectives.”
The stake in Eve amounts to less than 5% of United’s second-quarter profit.
But the deal fits United’s pattern of announcing interest in startups that are trying to build and win regulatory approval for air taxis, like Archer, and supersonic planes, like Boom.
Mike Leskinen, president of United’s venture-funding arm, said the eVTOLs — electric vertical takeoff and landing aircraft — will be ideally suited for traffic-clogged cities where United flies, including New York, Chicago and San Francisco. He said air taxis will be faster than driving to the airport and produce fewer emissions, and trips will cost $100 to $150 each way.
“It will take time for consumers to adopt this. People are going to have some hesitancy at first,” Leskinen said. “It will feel a lot similar to a helicopter ride, it might be scary for some, but this is going to change the way we work and live.”
The Eve aircraft is envisioned to have a range of 40 to 60 miles (65 to 100 kilometers). Future designs might be slightly bigger than the currently planned four-seater, but they would not replace any planes that United flies from one airport to another, so they won’t reduce carbon emissions produced by the airline’s regular fleet.
Eve Holding Inc. is a publicly traded company formed this year by a combination of a special purpose acquisition company called Zanite and a unit of Brazilian aircraft manufacturer Embraer. It is based in Melbourne, Florida.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/09/08/united-makes-conditional-order-electric-air-taxis/ | 2022-09-08T12:49:33Z |
Hurricane Kay set to brush Mexico’s Baja peninsula
Published: Sep. 8, 2022 at 9:02 AM EDT|Updated: 52 minutes ago
MEXICO CITY (AP) — Hurricane Kay is steaming toward a possible brush with land on a sparsely populated stretch of Mexico’s Baja California Peninsula. And forecasters say it might bring rains to southernmost California by the weekend.
Authorities opened shelters and closed some roads ahead of Kay, which had maximum sustained winds of 85 mph Thursday.
Forecasters said it could bring hurricane-force winds to parts of the peninsula.
Forecasters say there is a chance the outer bands of the big storm could bring heavy rain — and possibly flash floods — to parts of scorched Southern California and southwestern Arizona on Friday night and Saturday.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/09/08/hurricane-kay-set-brush-mexicos-baja-peninsula/ | 2022-09-08T13:54:44Z |
Jeep unveils its 1st electric SUVs for North America, Europe
DETROIT (AP) — Jeep will start selling two fully electric SUVs in North America and another one in Europe over the next two years.
The new EVs, Jeep’s first, are part of the Stellantis brand’s plans to convert half of its U.S. sales and all of its European sales to battery-electric vehicles by 2030. They’re the first for the brand, and executives are promising that they’ll be fully capable of off-road travel.
The new vehicles include the Jeep Recon, a four-wheel-drive midsize SUV about the size of the Jeep Wrangler and rival Ford’s gas-powered Bronco Sport. It will be produced at an undisclosed North American factory starting in 2024. No range, performance figures or prices were released.
Jeep also will start making an all-electric Wagoneer S midsize luxury SUV in 2024 that also can go off road. The electric extension of the Wagoneer sub-brand is expected to go 400 miles (650 kilometers) on a single charge, have 600 horsepower, and be able to travel from zero to 60 miles per hour (100 kilometers per hour) in about 3.5 seconds.
The Wagoneer S also will be built in North America at a yet-to-be disclosed factory. No prices were released on this SUV either.
Heading for Europe next year will be the Jeep Avenger compact SUV, the brand’s first fully electric vehicle. Jeep says the small Avenger, with 250 miles (400 kilometers) of range per charge, won’t be coming to the U.S. It’s better suited for Europe, where there’s a strong market for smaller vehicles, executives said.
The Avenger will be officially unveiled Oct. 17 at the Paris Motor Show. It will arrive in showrooms early next year.
Jeep also plans to introduce four all-electric SUVs in North America and Europe by the end of 2025, the executives said.
The Recon, though, will not replace the Jeep Wrangler small SUV, said Christian Meunier, the brand CEO. “The Wrangler is the icon,” he said, without saying there would be an electric Wrangler.
Jeep, he said, is on a path to become the leading zero-emission SUV brand across the globe. The company has a goal of selling the SUVs in China, executives said.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/09/08/jeep-unveils-its-1st-electric-suvs-north-america-europe/ | 2022-09-08T13:54:51Z |
Heron Preston, Burberry, PUMA, University of Kentucky, and Eastern Michigan University partner with Gen.G to support education for the next generation of gaming leaders
LOS ANGELES, Sept. 8, 2022 /PRNewswire/ -- Global esports organization Gen.G announced the recipients for its 2022 Gen.G Foundation scholarship. Ten exceptional college students from around the country were chosen to receive the scholarship which focuses on supporting women, people of color, and low income students enrolled in a U.S. university or college who are interested in gaming, esports, entrepreneurship, journalism or content creation. Each will receive $10,000 to subsidize their tuition for this academic year, and will have access to exclusive career and mentorship programming as members of the new scholarship class.
"Working with Gen.G to support their goals in providing the pathway into the esports space has been truly inspiring," says global fashion designer Heron Preston. "Every year, I look to recognize a student who brings a high level of innovation and entrepreneurship into the digital space. Gen.G's work to amplify voices within their industry through supporting the next generation is a mission I am proud to support."
The recipients include:
- Chirayu Gupta - Indiana University Bloomington
- Iyad Khattab - Eastern Michigan University
- Riley Clasby - University of Kentucky
- Yunhyuk Lee (Seoul, Korea) - University of Kentucky
- Claire Toomey - Drexel University
- Elvia Mendez - University of California, Los Angeles
- Kaya Colwill - Dakota State University
- Naomi Lestage - University of Southern California
- Yasmine Ware - University of Southern Mississippi
- Je'Naiya Tims - Eastern Michigan University
Now in the third iteration of its scholarship program, the Gen.G Foundation welcomes a variety of partners in discovering the next generation of gaming leaders. This year's partners include: Gen.G's Executive Brand Advisor Heron Preston, luxury brand Burberry, global sports brand PUMA, the University of Kentucky, and Eastern Michigan University.
In selecting scholarship recipients, Heron Preston's focus for the foundation was on finding creative innovators in the digital space. Back for another year in support of the Gen.G Foundation, PUMA focused on the development of student esports athletes. In their first year of partnership with Gen.G, Burberry will select a scholarship recipient that demonstrates a commitment to empowering underrepresented communities within the gaming industry and beyond.
"We are so excited to introduce our third class of Gen.G Foundation scholarship recipients. Every year we are amazed by the young talent who are the future leaders of the esports and gaming industry; we've already seen past classes do so much in their own communities," said Gina Chung Lee, Chief Marketing Officer at Gen.G.
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SOURCE Gen.G | https://www.whsv.com/prnewswire/2022/09/08/10-college-students-across-country-selected-third-class-geng-foundation-scholarship-recipients/ | 2022-09-08T13:54:58Z |
Aetna CVS Health Individual and Family Plans combine the quality health insurance coverage of Aetna®, with affordable care options at CVS Pharmacy® locations to help members achieve their best health.
WOONSOCKET, R.I., Sept. 8, 2022 /PRNewswire/ -- Aetna, a CVS Health® company (NYSE: CVS), is entering the individual insurance exchange marketplace in Delaware with its Aetna CVS Health co-branded insurance product, providing affordable access to health care for more Delaware residents.
"With millions of Americans being uninsured or underinsured, our plans provide quality care, at an affordable price and the ability to conveniently access this care using virtual technology and in-person care in their communities," said Bill Ott, MD, Senior Medical Director, Delaware, Aetna. "By bridging the gap between people and the support and services they need, we can offer a human-centered approach where, when and how they need us."
With the launch of these plans, members will have access to Aetna's comprehensive network of primary care doctors, mental health providers, specialists and hospitals. Plus, convenient and affordable care that removes barriers to accessing care.
Aetna CVS Health ACA exchange products bring together the coverage of Aetna and the convenience of CVS Health. It's health insurance done differently and features:
- Quality care with Aetna's network of primary care doctors, specialists and hospitals
- Affordable care with plans that include in-network $0 virtual care*
- Care on your schedule with 24/7 access to virtual care, plus $0 walk-in visits at 1,100 MinuteClinic® locations nationwide**
"We understand that everyone has their own unique circumstances and making health care simple, easy and affordable is how we are meeting them where they are on their journey," said Michael Cole, Keystone Market President, Aetna. "We're ensuring more Delawareans – and Americans – can get access to Aetna's quality care. We are uniquely positioned to work with the member to achieve better outcomes."
The Aetna CVS Health ACA plans are comprehensive health care plans that provide care and coverage for:
- Pediatric services, including oral and vision care
- Ambulatory patient services (outpatient services)
- Emergency services
- Hospitalization
- Maternity and newborn care
- Mental health and substance use disorder services, including behavioral health treatment
- Prescription drugs
- Rehabilitative and habilitative services (those that help patients acquire, maintain, or improve skills necessary for daily functioning) and devices
- Laboratory services
- Preventive and wellness services and chronic disease management
*Members may be required to pay a cost-share based on what medical services were received and the type of provider a member visits. Please consult benefit documents for more details. Includes select services. Members enrolled in qualified high-deductible health plans must meet their deductible before receiving covered non-preventative services at no cost-share. However, such services are covered at negotiated contract rates.
** Includes select MinuteClinic services. Not all MinuteClinic services are covered. Please consult benefit documents to confirm which services are included. Members enrolled in qualified high-deductible health plans must meet their deductible before receiving covered non-preventative MinuteClinic services at no cost-share. However, such services are covered at negotiated contract rates. This benefit is not available in all states. Access to MinuteClinic and other participating walk-in clinics may vary by geography. MinuteClinic services are not available within the state of Delaware. For a complete list of participating walk-in clinics, log in to Aetna.com and use our provider search tool.
Filings in Delaware are complete. Final approval to entry is pending state and federal reviews/certifications.
About Aetna
Aetna, a CVS Health business, serves an estimated 34 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world.
About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
Media contact
Jeff Swallow
401-601-4116
swallowj@cvshealth.com
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SOURCE CVS Health | https://www.whsv.com/prnewswire/2022/09/08/aetna-cvs-health-enter-affordable-care-act-aca-individual-insurance-exchange-marketplace-delaware-january-1-2023/ | 2022-09-08T13:55:04Z |
Aetna CVS Health Individual and Family Plans combine the quality health insurance coverage of Aetna®, with affordable care options at CVS Pharmacy® and MinuteClinic® locations to help members achieve their best health.
WOONSOCKET, R.I., Sept. 8, 2022 /PRNewswire/ -- Aetna, a CVS Health® company (NYSE: CVS), is entering the individual insurance exchange marketplace in New Jersey (in select counties) with its Aetna CVS Health co-branded insurance product, providing affordable access to health care for more New Jerseyans.
"With millions of Americans being uninsured or underinsured, our plans provide quality care, at an affordable price and the ability to conveniently access this care using virtual technology and in-person care in their communities," said Deborah Johnson-Rothe, MD, Senior Medical Director, New Jersey, Aetna. "By bridging the gap between people and the support and services they need, we can offer a human-centered approach where, when and how they need us."
With the launch of these plans, members will have access to Aetna's comprehensive network of primary care doctors, mental health providers, specialists and hospitals. Plus, convenient and affordable care options through telehealth, participating walk-in clinics, such as MinuteClinic®, and HealthHUB™ locations – removing more barriers to accessing care.
Aetna CVS Health ACA exchange products bring together the coverage of Aetna and the convenience of CVS Health. It's health insurance done differently and features:
- Quality care with Aetna's robust network of primary care doctors, specialists and hospitals
- Affordable care with plans that include in-network $0 virtual and walk-in clinic care*
- Care on your schedule with 24/7 access to virtual care, plus walk-in visits at 1,100 MinuteClinic® locations nationwide
"We understand that everyone has their own unique circumstances and making health care simple, easy and affordable is how we are meeting them where they are on their journey," said Jason Tompkins, New York/New Jersey Market President, Aetna. "We're ensuring more New Jerseyans– and Americans – can get access to Aetna's quality care. We are uniquely positioned to work with consumers to achieve better outcomes across our local provider networks along with MinuteClinic, CVS HealthHUB and CVS Pharmacy locations, and our virtual care options."
The Aetna CVS Health ACA plans are comprehensive health care plans that provide care and coverage for:
- Pediatric services, including oral and vision care
- Ambulatory patient services (outpatient services)
- Emergency services
- Hospitalization
- Maternity and newborn care
- Mental health and substance use disorder services, including behavioral health treatment
- Prescription drugs
- Rehabilitative and habilitative services (those that help patients acquire, maintain, or improve skills necessary for daily functioning) and devices
- Laboratory services
- Preventive and wellness services and chronic disease management
This new offering will be available in select New Jersey counties, including: Atlantic, Bergen, Burlington, Camden, Essex, Cumberland, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Salem, Somerset, Sussex, Union and Warren.
*Members may be required to pay a cost-share based on what medical services were received and the type of provider a member visits. Please consult benefit documents for more details. Includes select services. Not all services are covered. Please consult benefit documents to confirm which services are included. Members enrolled in qualified high-deductible health plans must meet their deductible before receiving covered non-preventative services at no cost-share. However, such services are covered at negotiated contract rates. This benefit is not available in all states. Access to MinuteClinic and other in-network walk-in clinics may vary by geography. For a complete list of participating walk-in clinics, log in to Aetna.com and use our provider search tool.
Filings in New Jersey are complete. Final approval to entry is pending state and federal reviews/certifications.
About Aetna
Aetna, a CVS Health business, serves an estimated 34 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world.
About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
Media contact
Jeff Swallow
401-601-4116
swallowj@cvshealth.com
View original content to download multimedia:
SOURCE CVS Health | https://www.whsv.com/prnewswire/2022/09/08/aetna-cvs-health-enter-affordable-care-act-aca-individual-insurance-exchange-marketplace-new-jersey-january-1-2023/ | 2022-09-08T13:55:11Z |
Aetna CVS Health Individual and Family Plans combine the quality health insurance coverage of Aetna®, with affordable care options at CVS Pharmacy® and MinuteClinic® locations to help members achieve their best health.
WOONSOCKET, R.I., Sept. 8, 2022 /PRNewswire/ -- Aetna, a CVS Health® company (NYSE: CVS), will offer Aetna CVS Health hybrid-branded insurance through the individual insurance exchange marketplace in Florida (in select counties), by expanding the geography for available benefits for affordable access to health care for more Floridians.
"With millions of Americans being uninsured or underinsured, our plans provide quality care, at an affordable price and the ability to conveniently access this care using virtual technology and in-person care in their communities," said Angela Burrafato, MD, Sr. Medical Director, Florida, Aetna. "By bridging the gap between people and the support and services they need, we can offer a human-centered approach where, when and how they need us."
With the launch of these plans, members will have access to Aetna's comprehensive network of primary care doctors, mental health providers, specialists and hospitals. Plus, convenient and affordable care options through telehealth, participating walk-in clinics, such as MinuteClinic®, and HealthHUB™ locations – removing more barriers to accessing care.
Aetna CVS Health ACA exchange products bring together the coverage of Aetna and the convenience of CVS Health. It's health insurance done differently and features:
- Quality care with Aetna's comprehensive network of primary care doctors, specialists and hospitals
- Affordable care with plans that include in-network $0 virtual and walk-in clinic care*
- Care on your schedule with 24/7 access to virtual care, plus walk-in visits at 1,100 MinuteClinic®, locations nationwide
"We understand that everyone has their own unique circumstances and making health care simple, easy and affordable is how we are meeting them where they are on their journey," said Rich Weiss, Florida Market President, Aetna. "We're ensuring more Floridians – and Americans – can get access to Aetna's quality care. We are uniquely positioned to work with consumers to achieve better outcomes across our local provider networks along with MinuteClinic, CVS HealthHUB and CVS Pharmacy locations, and our virtual care options."
The Aetna CVS Health ACA plans are comprehensive health care plans that provide care and coverage for:
- Pediatric services, including oral and vision care
- Ambulatory patient services (outpatient services)
- Emergency services
- Hospitalization
- Maternity and newborn care
- Mental health and substance use disorder services, including behavioral health treatment
- Prescription drugs
- Rehabilitative and habilitative services (those that help patients acquire, maintain, or improve skills necessary for daily functioning) and devices
- Laboratory services
- Preventive and wellness services and chronic disease management
This offering will be available in select Florida counties, including: Broward, Charlotte, Clay, Collier, Duval, Hendry, Indian River, Lake, Lee, Manatee, Martin, Miami-Dade, Orange, Osceola, Palm Beach and Saint Johns, Sarasota, Seminole and St. Lucie.
Charlotte, Clay, Collier, Duval, Indian River, Lake, Lee, Martin, Orange, Osceola, Saint Johns, Seminole, and St. Lucie are new areas for the 2023 enrollment period.
*Members may be required to pay a cost-share based on what medical services were received and the type of provider a member visits. Please consult benefit documents for more details. Includes select services. Not all services are covered. Please consult benefit documents to confirm which services are included. Members enrolled in qualified high-deductible health plans must meet their deductible before receiving covered non-preventative services at no cost-share. However, such services are covered at negotiated contract rates. This benefit is not available in all states. Access to walk-in clinics may vary by geography. For a complete list of participating walk-in clinics, log in to Aetna.com and use our provider search tool.
Filings in Florida are complete. Final approval to entry is pending state and federal reviews/certifications.
About Aetna
Aetna, a CVS Health business, serves an estimated 34 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world.
About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
Media contact
Jeff Swallow
401-601-4116
swallowj@cvshealth.com
View original content to download multimedia:
SOURCE CVS Health | https://www.whsv.com/prnewswire/2022/09/08/aetna-cvs-health-expands-reach-individual-family-plan-offerings-delivering-better-care-access-value-floridians/ | 2022-09-08T13:55:18Z |
Aetna CVS Health Individual and Family Plans combine the quality health insurance coverage of Aetna®, with affordable care options at CVS Pharmacy® and MinuteClinic® locations to help members achieve their best health.
WOONSOCKET, R.I., Sept. 8, 2022 /PRNewswire/ -- Aetna, a CVS Health® company (NYSE: CVS), will offer Aetna CVS Health hybrid-branded insurance through the individual insurance exchange marketplace in Missouri (in select counties), by expanding the geography for available benefits for affordable access to health care for more Missourians.
"With over half a million Missourians being uninsured or underinsured, our plans provide quality care, at an affordable price and the ability to conveniently access this care using virtual technology and in-person care in their communities," Peggy Petralia, MD, Sr. Medical Director, Missouri, Aetna. "By bridging the gap between people and the support and services they need, we can offer a human-centered approach where, when and how they need us."
With the launch of these plans, members will have access to Aetna's comprehensive network of primary care doctors, mental health providers, specialists and hospitals. Plus, convenient and affordable care options through telehealth, participating walk-in clinics, such as MinuteClinic®, and HealthHUB™ locations – removing more barriers to accessing care.
Aetna CVS Health ACA exchange products bring together the coverage of Aetna and the convenience of CVS Health. It's health insurance done differently and features:
- Quality care with Aetna's robust network of primary care doctors, specialists and hospitals
- Affordable care with plans that include in-network $0 virtual and walk-in clinic care*
- Care on your schedule with 24/7 access to virtual care, plus walk-in visits at 1,100 | MinuteClinic® locations nationwide
"We understand that everyone has their own unique circumstances and making health care simple, easy and affordable is how we are meeting them where they are on their journey," said Jim Boyman, West Mid-America Market President, Aetna. "We're ensuring more Missourians – and Americans – can get access to Aetna's quality care. We are uniquely positioned to work with consumers to achieve better outcomes across our local provider networks along with MinuteClinic, CVS HealthHUB and CVS Pharmacy locations, and our virtual care options."
The Aetna CVS Health ACA plans are comprehensive health care plans that provide care and coverage for:
- Pediatric services, including oral and vision care
- Ambulatory patient services (outpatient services)
- Emergency services
- Hospitalization
- Maternity and newborn care
- Mental health and substance use disorder services, including behavioral health treatment
- Prescription drugs
- Rehabilitative and habilitative services (those that help patients acquire, maintain, or improve skills necessary for daily functioning) and devices
- Laboratory services
- Preventive and wellness services and chronic disease management
This new offering will be available in select Missouri counties, including: Barry, Cass, Christian, Clay, Dade, Dallas, Douglas, Greene, Franklin, Hickory, Jackson, Jasper, Jefferson, Johnson, Laclede, Lafayette, Lawrence, Lincoln, McDonald, Newton, Ozark, Platte, Polk, St. Charles, St. Louis, St. Louis City, Ste. Genevieve, Stone, Taney, Warren, Washington, Webster and Wright.
Cass, Johnson and Lafayette counties are new areas for the 2023 enrollment period.
*Members may be required to pay a cost-share based on what medical services were received and the type of provider a member visits. Please consult benefit documents for more details. Includes select services. Not all services are covered. Please consult benefit documents to confirm which services are included. Members enrolled in qualified high-deductible health plans must meet their deductible before receiving covered non-preventative services at no cost-share. However, such services are covered at negotiated contract rates. This benefit is not available in all states. Access to MinuteClinic and other in-network walk-in clinics may vary by geography. For a complete list of participating walk-in clinics, log in to Aetna.com and use our provider search tool.
Filings in Missouri are complete. Final approval to entry is pending state and federal reviews/certifications.
About Aetna
Aetna, a CVS Health business, serves an estimated 34 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world.
About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
Media contact
Jeff Swallow
401-601-4116
swallowj@cvshealth.com
View original content to download multimedia:
SOURCE CVS Health | https://www.whsv.com/prnewswire/2022/09/08/aetna-cvs-health-expands-reach-individual-family-plan-offerings-delivering-better-care-access-value-missourians/ | 2022-09-08T13:55:25Z |
Aetna CVS Health Individual and Family Plans combine the quality health insurance coverage of Aetna®, with convenient, affordable care options to help members achieve their best health.
WOONSOCKET, R.I., Sept. 8, 2022 /PRNewswire/ -- Aetna, a CVS Health® company (NYSE: CVS), will offer Aetna CVS Health hybrid-branded insurance through the individual insurance exchange marketplace in Texas (in select counties), by expanding the geography for available benefits for affordable access to health care for more Texans.
"With millions of Americans being uninsured or underinsured, our plans provide quality care, at an affordable price and the ability to conveniently access this care using virtual technology and in-person care in their communities," said Jeffrey Ottmers, MD, Regional Medical Director, Texas, Aetna. "By bridging the gap between people and the support and services they need, we can offer a human-centered approach where, when and how they need us."
With the launch of these plans, members will have access to Aetna's comprehensive network of primary care doctors, mental health providers, specialists and hospitals. Plus, convenient and affordable care options through telehealth and participating walk-in clinics – removing more barriers to accessing care.
Aetna CVS Health ACA exchange products bring together the coverage of Aetna and convenient local care options. It's health insurance done differently and features:
- Quality care with Aetna's robust network of primary care doctors, specialists and hospitals
- Affordable care with plans that include in-network $0 virtual* and walk-in clinic care**
- Care on your schedule with 24/7 access to virtual care, plus nationwide access to participating walk-in clinics, including 1,100 MinuteClinic® locations
"We understand that everyone has their own unique circumstances and making health care simple, easy and affordable is how we are meeting them where they are on their journey," said LaMonte Thomas, South Central Market President, Aetna. "We're ensuring more Texans – and Americans – can get access to Aetna's quality care. We are uniquely positioned to work with consumers to achieve better outcomes across our local provider and pharmacy networks along with walk-in clinics and our virtual care options."
The Aetna CVS Health ACA plans are comprehensive health care plans that provide care and coverage for:
- Pediatric services, including oral and vision care
- Ambulatory patient services (outpatient services)
- Emergency services
- Hospitalization
- Maternity and newborn care
- Mental health and substance use disorder services, including behavioral health treatment
- Prescription drugs
- Rehabilitative and habilitative services (those that help patients acquire, maintain, or improve skills necessary for daily functioning) and devices
- Laboratory services
- Preventive and wellness services and chronic disease management
This new offering will be available in select Texas counties, including Aransas, Bee, Bexar, Brazoria, Collin, Comal, Dallas, Denton, Duval, El Paso, Ellis, Fort Bend, Galveston, Guadalupe, Harris, Hays, Hunt, Jim Wells, Johnson, Kaufman, Kendall, Kleberg, Montgomery, Nueces, Parker, Rockwall, San Patricio, Tarrant, Travis, Williamson and Wise.
Aransas, Bee, Collin, Dallas, Denton, Duval, Ellis, Jim Wells, Johnson, Kaufman, Kleberg, Nueces, Parker, Rockwall, San Patricio, Tarrant and Wise counties are new areas for 2023 open enrollment.
*Members may be required to pay a cost-share based on what medical services were received and the type of provider a member visits. Please consult benefit documents for more details. Includes select services. Members enrolled in qualified high-deductible health plans must meet their deductible before receiving covered non-preventative services at no cost-share. However, such services are covered at negotiated contract rates.
**Includes select walk-in clinic services. Not all walk-in clinic services are covered. Please consult benefit documents to confirm which services are included. Members enrolled in qualified high-deductible health plans must meet their deductible before receiving covered non-preventative walk-in clinic services at no cost-share. However, such services are covered at negotiated contract rates. This benefit is not available in all states. Access to MinuteClinic and other in-network walk-in clinics may vary by geography. For a complete list of participating walk-in clinics, log in to Aetna.com and use our provider search tool.
Filings in Texas are complete. Final approval to entry is pending state and federal reviews/certifications.
About Aetna
Aetna, a CVS Health business, serves an estimated 34 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world.
About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
Media contact
Jeff Swallow
401-601-4116
swallowj@cvshealth.com
View original content to download multimedia:
SOURCE CVS Health | https://www.whsv.com/prnewswire/2022/09/08/aetna-cvs-health-expands-reach-individual-family-plan-offerings-delivering-better-care-access-value-texans/ | 2022-09-08T13:55:32Z |
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Dr. Shirley Hu is a board-certified Facial Plastic and Reconstructive Surgeon and active member of the American Academy of Facial Plastic & Reconstructive Surgery. Dr. Hu offers an array of surgical and nonsurgical services, including rhinoplasty, face/neck lift, blepharoplasty, brow lift, lip lift, V-line chin and jaw contouring, fat grafting, otoplasty, injectables and tissue repair after Mohs surgery. Using state-of-the-art 3D design and printing, Dr. Hu specializes in customized facial implants, one of only a few surgeons in the U.S trained in this specialty.
AIREM (Korean for "beauty"), founded by dual-board certified Facial Plastic Surgeon, Dr. Eunice Park, is the first Korean beauty-inspired medical aesthetic spa in the U.S based on the concept of gwallee, a centuries-old Korean principle of maintaining self-care.
Dr. Hu's love for the fine arts developed at a young age and credits this as the inspiration to pursue a career in facial plastic surgery. She was awarded a full academic scholarship to Dartmouth College in Hanover, NH, where she graduated cum laude with a Bachelor of Arts in Studio Art/Sculpture and Chemistry while completing her premedical courses.
Dr. Hu received her Doctor of Medicine degree from New York Medical College in Valhalla, NY, graduating second in her class. She completed a five-year Otolaryngology-Head & Neck Surgery residency at the top-ranked Icahn School of Medicine at Mount Sinai in New York.
Dr. Hu completed a prestigious fellowship in Facial Plastic & Reconstructive Surgery with the world-renowned Dr. Stephen W. Perkins and his co-director Dr. Mark M. Hamilton in Indianapolis, IN. She has authored 30 journal articles and book chapters, presenting her work nationally and internationally.
"AIREM is at the forefront of aesthetic innovation bringing global beauty practices to the US. Attracting talented surgeons like Dr. Hu, allow us to continually innovate and expand our clinical offerings. With Dr. Hu's new level of expertise, our clinical team will offer an even more comprehensive approach to facial aesthetic rejuvenation." - Dr. Park
To reach Dr. Hu as a media resource on topics such as facial aesthetics, contact juliet@airem.com.
AIREM, Long Island, NY, offers clinical skincare, aesthetic treatments, beauty retreats and plastic surgery in a luxury state-of-the-art facility designed to balance the Eastern and Western principles of beauty. All surgeries are performed on-site in AIREM's private surgical suite.
IG: @drshirleyhu @airembeautyrituals |
www.airem.com
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SOURCE AIREM Modern Beauty Rituals | https://www.whsv.com/prnewswire/2022/09/08/airem-modern-beauty-rituals-welcomes-dr-shirley-hu-ny-facial-plastic-surgeon/ | 2022-09-08T13:55:38Z |
Princeton, N.J., Sept. 8, 2022 /PRNewswire/ -- New analysis from Climate Central quantifies the risk of sea level rise to the tax bases of hundreds of coastal counties across 24 states and Washington, D.C. as more land falls beneath the tideline. By 2100 more than 1 million properties with a combined assessed value exceeding $108 billion are projected to be at least partly submerged at high tide.
Findings by county are detailed in more than 250 reports and a national summary including data on the acreage, buildings, number of properties, and assessed value projected to be at risk this century, by decade.
Sea level rise is shifting the high and low tide lines that coastal states use to define boundaries between public and private property. As these boundaries shift, private property will be lost to permanent coastal flooding. As property owners lose land and buildings, local property tax revenues may be lost, too—threatening a primary source of funding for schools and services provided by local governments.
"The financial impact of sea level rise extends far beyond coastal property owners. Even inland communities may see funding for public services erode as flooded properties come off county tax rolls," Benjamin Strauss, Ph.D., Climate Central president and chief scientist said.
By 2050, as many as 4.4 million acres are projected to fall below the high tide line nationwide. Four states—Louisiana, Florida, North Carolina, and Texas—account for 87% of the total area lost. And 30 counties are projected to lose more than 10% of their land to rising seas.
"By filling critical gaps in knowledge, these data can help to assess which communities are most vulnerable to the economic impacts of sea level rise," Alice Hill, Senior Fellow for Energy and the Environment at the Council on Foreign Relations said. "Understanding where and when financial impacts will be most acute can inform action and support at the state and national level, assisting local efforts to maintain critical services and adapt to our changing climate."
More than 48,000 properties are projected to be entirely below their states' tidal boundary levels by 2050, with roughly 64,000 buildings at least partially below the high tide line. That projection rises sharply to nearly 300,000 buildings by 2100 as water levels reach land once considered safer to build on.
In addition to its peer-reviewed sea level rise modeling and mapping tools, Climate Central used data from Regrid.com--a land parcel and location context data company that has collected and standardized parcel boundaries and property assessment information across all 50 states and territories--which helped us locate and assess the value of at-risk properties. Because some counties' assessment data could not be fully included in this analysis, it underestimates the total value of at-risk property nationwide.
Resources
- Aggregated data for 320+ counties included in this analysis (by request)
- County-level reports for 250+ counties
- National-level report on aggregated trends, with summary
Climate Central is a non-advocacy, non-profit science and news organization providing authoritative information to help the public and policymakers make sound decisions about climate and energy.
View original content:
SOURCE Climate Central | https://www.whsv.com/prnewswire/2022/09/08/analysis-rising-seas-threaten-tax-bases-private-property-falls-below-tidelines/ | 2022-09-08T13:55:44Z |
TEL AVIV, Israel and NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Apiiro, the leader in Cloud-Native Application Security, today announced it is a platinum sponsor of Cloud Native SecurityCon, an event designed to foster collaboration, discussion and knowledge sharing of cloud native security projects to address security challenges and opportunities.
The in-person event takes place October 24-25, 2022 in Detroit, MI and will showcase breakthrough technology and advances in modern cybersecurity approaches including secure software development and supply chain security.
Cloud Native SecurityCon is co-located at KubeCon + CloudNativeCon, the Cloud Native Computing Foundation's flagship conference. Apiiro executives including VP of Security Research Moshe Zioni will be in attendance to discuss how Apiiro is accelerating secure software delivery by addressing critical risks in cloud-native applications. KubeCon attendees can also meet with Apiiro executives to learn more about the code risk platform by visiting booth SU63.
Click here to register for the event.
Supporting Resources
- Apiiro's "Secrets Insights Across the Software Supply Chain" report
- Apiiro blog
- Apiiro on LinkedIn
- Apiiro on Twitter
About Apiiro
Apiiro helps security and development teams proactively remediate risk before releasing to the cloud. Backed by Greylock and Kleiner Perkins. apiiro.com
Media Contact:
Amy McDowell
Offleash PR for Apiiro
apiiro@offleashpr.com
View original content:
SOURCE Apiiro | https://www.whsv.com/prnewswire/2022/09/08/apiiro-sponsor-cloud-native-securitycon-kubecon-cloudnativecon-north-america/ | 2022-09-08T13:55:51Z |
Firm's alternative investment funds selected on time-tested performance, innovation and unique access for the broader investing public
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- AXS Investments, a leading asset manager providing access to alternative investments for growth, income and diversification, today announced that three of its funds have been named finalist in four categories in the industry's 2022 HFM US Performance Awards:
- Best '40 Act Fund - AXS Chesapeake Strategy Fund (EQCHX)
- Best Quantitative Strategy Under $1B - AXS Chesapeake Strategy Fund (EQCHX)
- Best Merger Arbitrage Fund - AXS Merger Fund (GAKIX)
- Best ESG Fund - AXS Change Finance ESG ETF (CHGX)
The HFM US performance awards are the most prestigious hedge fund awards ceremony in North America, recognizing excellence among hedge funds, CTAs and funds of hedge funds within the US. Award criteria includes a track record of outstanding returns and excellent performance and growth over the past 12 months. The judging panel is comprised of leading CIOs, senior directors, and managing directors from allocators and investors.
"We are honored and grateful to be named to the shortlist in four highly competitive categories in this year's HFM US Performance Awards, particularly in a year when alternatives have garnered increasing attention from investors due to their ability to provide a unique return stream to complement their portfolios," said Greg Bassuk, CEO of AXS Investments. "We wish all the nominees the best of luck, and we're excited to continue furthering our mission at AXS, offering innovative funds that can benefit portfolios by being complementary tools to traditional exposures like stocks and bonds."
AXS Investments is a leading alternative investment manager providing a diversified family of alternative investments for growth, income and diversification. The firm empowers investors to diversify their portfolios with investments previously available only to the largest institutional and high net worth investors. The investor-friendly AXS funds are time-tested, liquid, transparent and managed by high pedigreed portfolio managers with long and strong track records. For more information, visit www.axsinvestments.com.
There are risks involved with investing including the possible loss of principal. Past performance does not guarantee future results. Diversification does not ensure profits or prevent losses. Investors should carefully consider the investment objectives, risks, charges and expenses of the fund before investing. To obtain a prospectus containing this and other important information, please click here to view or download a prospectus online. Read the fund's prospectus carefully before you invest.
There is no guarantee the sectors or asset classes the advisor identifies will benefit from inflation. Fund may invest a larger portion of its assets in one or more sectors than many other funds, and thus will be more susceptible to negative events affecting those sectors.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns. NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the midpoint between the bid and ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times.
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SOURCE AXS Investments | https://www.whsv.com/prnewswire/2022/09/08/axs-investments-named-best-40-act-fund-finalist-4-category-fund-finalist-2022-annual-hfm-performance-awards/ | 2022-09-08T13:55:57Z |
Backdrop launches a trio of new paint colors timed to the 60th anniversary of the Barbie Dreamhouse™
LOS ANGELES, Sept. 8, 2022 /PRNewswire/ -- On September 8, 2022, paint and wallcoverings brand Backdrop is launching three new colors – Barbie Dreamhouse Pink, Barbie Dreamhouse Purple and Barbie Dreamhouse Blue – to celebrate the 60th anniversary of one of the world's most iconic homes. Inspired by the brands' shared sense of optimism, creativity and play, this marks Barbie's first collaboration with an American paint brand and allows Barbie fans, new and old, to bring a piece of the Dreamhouse into their own interiors.
Barbie bought her first Dreamhouse in 1962, before women were allowed to open their own bank accounts. Undergoing remodels and refreshes over the years to reflect the architectural and interior design trends of the times, the Dreamhouse has become one of the most recognizable homes in the world and has remained a consistently top-selling toy. Like the Dreamhouse, Barbie is reflective of culture and has evolved over the past six decades. She has had over 200 different careers – including an interior designer.
"We could not be more excited to collaborate with Barbie, one of the most iconic and beloved brands in the world. It has been a joy to work on this collection of colors and create a palette that allows Barbie fans, new and old, to bring a piece of the Dreamhouse into their own home," says Natalie Ebel, Co-Founder of Backdrop. "Backdrop has always seen color as the most impactful way to transform your space and approached painting as a joyful form of self-expression. As a mother of two young daughters and a woman of Filipino descent, this partnership also has a lot of personal meaning. Barbie's continuous evolution and spirit of inclusivity provides incredibly powerful role models for young boys and girls."
"The Barbie Dreamhouse has given dreams a home for 60 years and had an impact on multiple generations, encouraging endless hours of play," said Aimee London, Vice President, Global Franchise Marketing at Mattel. "Inviting fans to immerse themselves in Barbie's world and bring her iconic style to life in their own environment with the Backdrop x Barbie paint collection is a perfect way to celebrate this milestone anniversary."
Backdrop is known for teaming up with an eclectic and unexpected mix of partners for the brand's sell-out collaborations. To date, they have launched collections with Dunkin' and New York design shop Coming Soon as well as an apparel line and exclusive color with Madewell.
Like Barbie, Backdrop is committed to leaving the world a better place for the next generation. Backdrop paint is Green Wise certified, low-VOC, and the first-ever Climate Neutral Certified paint brand. Providing a sense of home has always been important an important core value and Backdrop has supported the International Rescue Committee, giving a portion from proceeds from all sales to the refugee relief organization, since its inception.
Each of the new Barbie Dreamhouse colors will retail for $45 for a half gallon and $69 for a gallon and will be available exclusively at www.backdrophome.com.
Backdrop Affiliate ID: Pepperjam/Skimlinks 131940
Created by husband and wife duo Natalie & Caleb Ebel, Backdrop is The New Way to Paint. The company has transformed the whole process of painting from start to finish – from curating the perfect color palette to sourcing the highest quality supplies. Backdrop offers premium, Green Wise certified, and low-VOC paints that come in beautifully redesigned, award-winning paint cans, 12x12'' removable adhesive samples, the highest quality supplies, and a perfectly curated palette of 50+ colors – all quickly delivered to your door. Since its launch in November 2018, each Backdrop sale has contributed to the International Rescue Committee, which helps displaced families in some of the most challenging places in the world, and in 2020 Backdrop became the first Climate Neutral certified paint company. Learn more at www.backdrophome.com and @backdrop.
Mattel is a leading global children's entertainment company that specializes in design and production of quality toys and consumer products.
Mattel creates innovative products and experiences that inspire, entertain and develop children through play. The company engages consumers through its portfolio of iconic franchises, including Barbie®, Hot Wheels®, American Girl®, Fisher-Price®, Thomas & Friends® and Mega®, as well as other popular brands that we own or license in partnership with global entertainment companies.
Mattel's offerings include film and television content, gaming, music and live events. The company operates in 40 locations and its products are available in more than 150 countries in collaboration with the world's leading retail and technology companies.
Since its founding in 1945, Mattel is proud to be a trusted partner in exploring the wonder of childhood and empowering kids to reach their full potential.
Media Contacts
For press inquiries, high-res images or sample requests, please contact:
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SOURCE Backdrop | https://www.whsv.com/prnewswire/2022/09/08/backdrop-x-barbie/ | 2022-09-08T13:56:04Z |
SYDNEY, Sept. 8, 2022 /PRNewswire/ -- BAI Communications (BAI) announced today that Igor Leprince, Group Chief Executive Officer, will participate in the TMT M&A Forum USA 2022, the leading event for senior executives, investors, banks and advisors assessing new investment and merger and acquisition (M&A) opportunities in telecoms and digital infrastructure. The conference will take place at The Metropolitan Club in Manhattan, New York, on 28 September and will host 25 panels and sessions.
Mr. Leprince will join the Digital Infrastructure & Services Leaders Panel: Strategies for capturing the next phase of growth, moderated by Bank Street Group, and together with Netrality Data Centers' CEO, CyrusOne's CFO and EQT Partners.
Over the past 18 months, under Igor Leprince's leadership BAI Communications has undergone a transformational period of global growth through several key acquisitions, including Mobilitie and Signal Point in the United States, and Vilicom in Ireland and the UK. In February of this year, BAI expanded into Italy, the first European operation outside the UK and Ireland. And most recently the company announced an agreement to acquire ZenFi Networks, an innovator in digital infrastructure solutions, small cells, roaming, fibre connectivity and network edge colocation in the New York area. These developments follow other important business milestones that strengthen BAI's position as a leading enabler of smart communities and connected transport in the US and Europe, and across a range of verticals.
Joining Mr. Leprince is Jyoti Mahurkar-Thombre, Chief Technology Officer for Transit Wireless, a BAI company, who will participate in the forum's breakout session: Densification and Small Cell – The new battlegrounds. At Transit Wireless, she is responsible for the overall technology strategy, including engineering, network operations, R&D, and product development. Both executives bring unique expertise and vision to the discussion of growth and technology innovation around digital infrastructure.
TMT M&A Forum USA 2022 brings together 300 senior executives active in TMT Investment and M&A including corporate, private equity and telecom industry investors, investment bankers, M&A advisors and C-level executives across the TMT sector. The event is sponsored by Bank Street Group, Tillman Infrastructure, DigitalBridge, Princeton Growth Ventures, EY-Parthenon, Santander, Greenberg Taurig LLP, Huntington, Grain Management, Morrison & Co, Fifth Third Bank and Datasite.
For enquiries around the forum or to register contact: https://www.tmtfinance.com/usa/contact.
About BAI Communications
BAI Communications is a world leader in shared communications infrastructure, pioneering solutions that empower our customers to advance their services, accelerate their networks and amplify their reach in the most efficient and cost-effective ways possible. Having long been at the forefront of network advancement, BAI is harnessing fibre, spearheading the transition from 4G/LTE, accelerating 5G and preparing for 6G – and beyond. We collaborate closely with our customers in telecommunications, government, transit, enterprise, broadcasting and venues to realise their communications vision, focusing not just on the immediate future, but on the possibilities that exist over long-term partnerships. Our global operations span Australia, Canada, Hong Kong, the United Kingdom, Ireland, Italy and the United States. Our BAI Group companies include Mobilitie, Signal Point and Transit Wireless in the United States, and Vilicom in the United Kingdom and Ireland. Together, we're creating smarter communities for all.
Learn more at our LinkedIn, Twitter and YouTube channels.
W baicommunications.com
For more information contact:
Vivian Kobeh
Group Head of External Communications & PR
BAI Communications
P +1 917 781 2726
M +1 305 302 2858
E vivian.kobeh@baicommunications.com
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SOURCE BAI Communications | https://www.whsv.com/prnewswire/2022/09/08/bais-group-ceo-speak-tmt-mampa-forum-usa-2022/ | 2022-09-08T13:56:11Z |
OKLAHOMA CITY, Sept. 8, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN), the parent company of Oklahoma City-based Bank7, today announced the declaration of a quarterly cash dividend of $0.12 per share on its outstanding common stock. The dividend will be paid on October 7, 2022, to shareholders of record as of the close of business on September 22, 2022.
We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve full-service branches in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area, and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent, and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursuing strategic acquisitions.
This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved.
These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements.
Contact:
Thomas Travis
President & CEO
(405) 810-8600
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SOURCE Bank7 Corp. | https://www.whsv.com/prnewswire/2022/09/08/bank7-corp-declares-quarterly-cash-dividend-common-stock/ | 2022-09-08T13:56:18Z |
Leading Battery Retailer Reaps the Benefits of Franchisee Reinvestment
HARTLAND, Wis., Sept. 8, 2022 /PRNewswire/ -- Batteries Plus, the nation's largest and fastest-growing battery, light bulb, key fob and phone repair franchise, has enjoyed a tremendous degree of system-wide growth over the course of the past couple of years. Record-breaking, even, by most metrics. And a significant portion of that expansion has been due to higher-than-average levels of organic franchise investment; growth originating from the success of existing franchisees.
In short, organic franchise growth is the process by which franchisees reinvest in the brands they're already a part of as a means of amassing more units, expanding their market reach, deepening their portfolio, and increasing their potential for financial gain. It's become a sought-after avenue for business development in an oversaturated global market that's left more brands than ever vying for the attention of a finite field of prospective franchise partners.
The value of organic growth has only been magnified as most major industries have been made to endure rough economic waters. Causing the progression of many franchisors to thin. As luck would have it, Batteries Plus has been largely staved from such trepidation due to the capabilities and resources it's afforded its 700+ franchise locations through the country. So much so that in just the past few months the company has signed the Powel family of Florida, David Harshfield of California, Greg Stai of Florida, and Brad Ayer of North Carolina up for additional Batteries Plus venues in their respective markets.
"Prioritizing and perfecting the franchisee experience is the most integral step not only in enticing franchisees to increase their level of involvement with a brand but in getting them to set foot through the door in the first place," said Joe Malmuth, VP of Franchise Development and Relations.
Franchise brands are able to glean insight from one another on what it is that keeps franchisees coming back for. As it pertains to Batteries Plus, it's the corporate aid in navigating supply chain dilemmas, helping to keep shelves stocked, open lines of communication, aid in staffing solution, scalability and stability, and above average ROI that sets the company apart from the crowd. For an even greater idea of metrics that franchisors should seek to emanate, readers are encouraged to visit https://www.batteriesplusfranchise.com.
Batteries Plus was ranked on Franchise Times Top 400 list, coming in at #130. And for the 29th year in a row, the brand ranked on Entrepreneur Magazine's Franchise 500 list, climbing 69 spots over last year's rank.
To learn more about Batteries Plus, including information on the franchise opportunity or tour a store virtually, visit batteriesplusfranchise.com.
ABOUT BATTERIES PLUS:
Batteries Plus, founded in 1988 and headquartered in Hartland, WI, is a leading omnichannel retailer of batteries, specialty light bulbs and phone repair services for the direct-to-consumer and commercial channels. The retailer also offers key programming, replacement and cutting services. Through a nationwide network of stores, the company offers a differentiated value proposition of unrivaled product selection, in-stock availability and customer service. Batteries Plus is owned by Freeman Spogli, a private equity firm based in Los Angeles and New York City. To learn more about one of Forbes®' Best Franchises to Buy in America, visit https://www.batteriesplusfranchise.com.
MEDIA CONTACT: Conner Gossel, Fishman Public Relations, cgossel@fishmanpr.com or 937-545-9812
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SOURCE Batteries Plus | https://www.whsv.com/prnewswire/2022/09/08/batteries-plus-sets-mark-franchise-expansion-through-organic-growth/ | 2022-09-08T13:56:24Z |
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