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Global Print Label Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Print Label Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global print label market reached a value of US$ 42.3 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 56.36 Billion by 2027 exhibiting a CAGR of 4.50% during 2022-2027. Companies Mentioned 3M Company Ahlstrom-Munksjo Oyj (Ahlstrom-Munksjo Holding 3 Oy) Avery Dennison Corporation Fort Dearborn Company Fuji Seal International Inc Huhtamaki Oyj Mondi plc Multi-Color Corporation Ravenwood Packaging Sato Europe GmbH Taghleef Industries Taylor Corporation. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. The print label refers to a piece of metal, cloth, polymer, and paper material printed on manufactured products for exhibiting the logo, symbols, and published information about the commodity. It is utilized for creating brand identity, identifying goods, and eliminating counterfeiting for maintaining credibility. As compared to woven labels, print labels are directly printed, and offer various benefits, such as detailed visuals, precision, and quality. The print labels are commercially available in varying labeling formats, including wet-glue, pressure-sensitive, and multi-part tracking labels. The rapid expansion of the food and beverage (F&B) sector and the increasing utilization of print labels in the food industry are primary factors driving the market growth. In addition to this, the widespread adoption of print labels across various applications, the escalating health consciousness among the consumers, the growing demand for manufactured products, and increasing disposable incomes are contributing to the market growth. Numerous initiatives undertaken by the governments of various countries for policing the incorporation of informative labels as per the guidelines of fast-moving consumer goods (FMCG) for maintaining transparency are positively impacting the market growth. The introduction of technologically advanced dust controlling systems is propelling the market growth. Apart from this, the significant investments and fundings in the research and development (R&D) activities for innovating digital print labels are positively contributing to the market growth. Other factors, such as the introduction of aesthetically-appealing print labels, are creating a positive outlook for the market across the globe. Key Questions Answered in This Report: How has the global print label market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global print label market? What are the key regional markets? What is the breakup of the market based on the raw material? What is the breakup of the market based on the print process? What is the breakup of the market based on the label format? What is the breakup of the market based on the end use industry? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global print label market and who are the key players? What is the degree of competition in the industry? Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Print Label Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Raw Material 7 Market Breakup by Print Process 8 Market Breakup by Label Format 9 Market Breakup by End Use Industry 10 Market Breakup by Region 11 SWOT Analysis 12 Value Chain Analysis 13 Porters Five Forces Analysis 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players For more information about this report visit https://www.researchandmarkets.com/r/v7gd8x Contacts ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.comFor E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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Trinity Life Sciences Announces the Opening of State-of-the-art Office in India
Office Relocation in Gurgaon Creates Space for Growth and Innovation in the Asia-Pacific Region GURGAON, India--(BUSINESS WIRE)--Trinity Life Sciences, a leader in global life sciences commercialization solutions, announces the opening of its next-generation office space in Gurgaon, India. The opening of the new office is part of Trinity’s ongoing commitment to support development and innovation in the Asia-Pacific region. Located near the “cyber hub of India,” the impressive new office boasts sleek contemporary design and state-of-the-art technology to support continued growth and global collaboration. Meeting rooms are equipped with a “one touch” video conferencing technology, and large agile breakout spaces are installed for employees to enjoy meeting together both informally and for business. “It has been hugely rewarding to see the Gurgaon office grow from the small team at its inception in 2017 to the size it is now,” said Yogesh Soneji, Senior Partner, Trinity Life Sciences. “The offerings that are provided by this office have fast become critical to the development of the global business, thanks to the regional team’s innovative mindset and continued drive to exceed.” Despite the challenges of navigating a virtual working environment over the last two years, Trinity’s Gurgaon office has more than doubled and is one of Trinity’s fastest growing offices; a result of the supportive values-driven culture that has been fostered since the office was established. “The Insights and Analytics Center of Excellence that we’ve built and continue to grow in India is integral to our industry-leading offerings. With this major presence in India, we can find unique talent to support and innovate for our clients who stand to benefit even more as this team expands," said Aparna Deshpande, Senior Partner, Insights. Trinity’s Strategic Operations team is also based in the Gurgaon office and empowers the Company with knowledge management, quality & delivery support and proposal management. About Trinity Life Sciences Trinity Life Sciences is a trusted strategic commercialization partner, providing evidence-based solutions for the life sciences. With 25 years of experience, Trinity is committed to solving clients’ most challenging problems through exceptional levels of service, powerful tools, and data-driven insights. Trinity’s range of products and solutions includes industry-leading benchmarking solutions, powered by TGaS Advisors. To learn more about how Trinity is elevating life sciences and driving evidence to action, visit trinitylifesciences.com. Contacts Elizabeth Marshall Trinity Life Sciences 781-577-6376 emarshall@trinitylifesciences.com
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Ammonia Market Research Report 2022: Gas, Liquid, and Powder - Global Forecast to 2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Ammonia Market Research Report by Product Form (Gas, Liquid, and Powder), Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering. The Global Ammonia Market size was estimated at USD 51.73 billion in 2021, USD 55.89 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.22% to reach USD 83.12 billion by 2027. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period. Cumulative Impact of COVID-19: COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market. Cumulative Impact of 2022 Russia Ukraine Conflict: The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia. This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Ammonia market considering the current update on the conflict and its global response. Competitive Strategic Window: The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period. FPNV Positioning Matrix: The FPNV Positioning Matrix evaluates and categorizes the vendors in the Ammonia Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape. Market Share Analysis: The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits. Competitive Scenario: The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. Company Usability Profiles: BASF SE CASCALE SA CF Industries Holdings, Inc. Chambal Fertilisers and Chemicals Ltd China Petroleum & Chemical Corporation CSBP Limited EuroChem Group Group DF (OSTCHEM) Huaqiang Chemical Group Indian Farmers Fertiliser Cooperative Limited (IFFCO) Koch Fertilizer LLC Krishak Bharati Co-operative Ltd Monolith Materials National Fertilizers Ltd Nutrien Ltd OCI Nitrogen PJSC Togliattiazot (TOAZ) Plater Group PotashCorp Qatar Fertiliser Company Rashtriya Chemicals & Fertilisers Ltd. Saudi Basic Industries Corporation Shanxi Jinfeng Coal Chem Sierra Energy Yara International Key Topics Covered: 1. Preface 1.1. Objectives of the Study 1.2. Market Segmentation & Coverage 1.3. Years Considered for the Study 1.4. Currency & Pricing 1.5. Language 1.6. Limitations 1.7. Assumptions 1.8. Stakeholders 2. Research Methodology 2.1. Define: Research Objective 2.2. Determine: Research Design 2.3. Prepare: Research Instrument 2.4. Collect: Data Source 2.5. Analyze: Data Interpretation 2.6. Formulate: Data Verification 2.7. Publish: Research Report 2.8. Repeat: Report Update 3. Executive Summary 4. Market Overview 5. Market Insights 5.1. Market Dynamics 5.1.1. Drivers 5.1.1.1. Increasing agriculture practices demands ammonia in the fertilizer sector 5.1.1.2. Demand for ammonia as a feedstock in products such as cosmetics and medicines 5.1.1.3. Growing mining activities results in demand for explosives 5.1.2. Restraints 5.1.2.1. Effect of ammonia in its concentrated form is highly dangerous 5.1.3. Opportunities 5.1.3.1. Growing need for ammonia as a refrigerant in industrial and heavy commercial applications 5.1.3.2. Extensive application in end-use industries such as textiles, metallurgical processes, pulp & paper, and wastewater treatment 5.1.4. Challenges 5.1.4.1. Demand for organic fertilizers and eco-friendly chemicals 5.2. Cumulative Impact of COVID-19 5.3. Cumulative Impact of 2022 Russia Ukraine Conflict 6. Ammonia Market, by Product Form 6.1. Introduction 6.2. Gas 6.3. Liquid 6.4. Powder 7. Ammonia Market, by Application 7.1. Introduction 7.2. Fertilizers 7.3. Pharmaceuticals 7.4. Refrigerants 7.5. Textile 8. Americas Ammonia Market 8.1. Introduction 8.2. Argentina 8.3. Brazil 8.4. Canada 8.5. Mexico 8.6. United States 9. Asia-Pacific Ammonia Market 10. Europe, Middle East & Africa Ammonia Market 11. Competitive Landscape 11.1. FPNV Positioning Matrix 11.2. Market Ranking Analysis 11.3. Market Share Analysis, By Key Player 11.4. Competitive Scenario 12. Company Usability Profiles For more information about this report visit https://www.researchandmarkets.com/r/s0rlgj Contacts ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.comFor E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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AffyXell Expands its Strategic Partnership With GenScript ProBio
AffyXell, Avacta’s joint venture with Daewoong Pharmaceutical, expands its manufacturing partnership with GenScript ProBio for cell therapies GenScript ProBio agrees to take an equity stake in AffyXell as a strategic investor at next funding round LONDON & WETHERBY, England--(BUSINESS WIRE)--Avacta Group plc (AIM: AVCT), a clinical stage oncology drug company developing innovative cancer therapies and powerful diagnostics based on its proprietary pre|CISION™ and Affimer® platforms, is pleased to announce that AffyXell, its joint venture with South Korean drug maker Daewoong Pharmaceutical, has expanded its strategic partnership with GenScript ProBio, a leading biopharmaceutical manufacturer. AffyXell is a joint venture established in January 2020 by Daewoong Pharmaceutical and Avacta, developing the next generation of cell and gene therapies based on mesenchymal stem cells which incorporate Affimer® immunotherapies. This new class of stem cell therapy is designed to produce Affimer® proteins, in situ in the body, that reduce inflammatory or autoimmune responses to the stem cell therapy to potentially enhance their therapeutic effects. GenScript ProBio, part of Genscript Biotech Corporation (HKG: 1548), is a leading global contract development and manufacturing organisation providing a best-in-class, one-stop platform for research and development of biological drugs, DNA plasmids and lentiviruses, and for clinical production of cell and gene therapy products. AffyXell and GenScript ProBio are extending their strategic manufacturing partnership, which they entered into in December 2021, that covers AffyXell’s first drug development programme to include additional future programmes. The partnership covers process development and production of viral vectors required for the production of AffyXell’s future cell therapy products. In addition, as part of this strategic alliance, GenScript has now committed to take an equity position in AffyXell at a future funding round, and the two companies will collaborate in the area of business development, including potential out licensing. Dr Alastair Smith, Chief Executive Officer of Avacta, commented: “This is an important strategic partnership for AffyXell with a world leading contract development and manufacturing partner. The fact that GenScript ProBio are prepared to take a strategic equity stake in AffyXell is a very strong validation of the potential for AffyXell’s next generation cell and gene therapies, and the future valuation of the business.” “We are delighted with the excellent progress being made by AffyXell with the Affimer® immunomodulators provided by Avacta under our joint venture agreement.” Jongsang Ryu, Chief Executive Officer of AffyXell, commented: “We were able to attract strategic investment from the CDMO partner as the excellence and potential of our next-generation cell therapy platform have been recognized.” “This agreement will be an opportunity to accelerate the development of therapies targeting intractable diseases, providing meaningful options for the suffering patients.” Dr Brian Min, Chief Executive Officer of GenScript ProBio commented: “We are pleased to partner with AffyXell and are honored to support this next-generation cell therapy project with GenScript ProBio’s stable and high-yield viral vector platform. We expect many patients to benefit from this innovative genetically modified mesenchymal stem cells therapy soon.” Contacts Media Contact:Zyme Communications Lily Jeffery Tel: +44 (0)7891 477 378 E-mail: lily.jeffery@zymecommunications.com
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Habitat for Humanity, the University of Windsor, and nidus3D Partner on North America’s First Multi-Unit 3D Printed Homes
First-of-its-kind 3D residence to develop by Summer 2022 in Ontario, Canada WINDSOR, Ontario--(BUSINESS WIRE)--#3D--Habitat for Humanity Windsor-Essex, is partnering with the University of Windsor and nidus3D – Canada’s leaders in 3D construction printing, on the nation's first permitted 3D printed residential homes. This historic project – on the site of Leamington’s The Bridge Youth Resource Centre – is a key step in increasing access to affordable housing in Canada. “This will be a historic build, the first 3D printed homes for residential use in this country, and potentially a game-changing solution to the current housing crisis. Habitat Windsor-Essex is working with the University of Windsor to learn more about how this new technology can potentially shorten construction times, and, over time, reduce input costs. Habitat W-E will benefit from the learning here, and those learnings could have a far-reaching impact for Habitat, and for the construction industry more broadly,” said Fiona Coughlin, Executive Director & CEO Habitat for Humanity Windsor. This build is partially funded through Canada Mortgage and Housing Corporation’s Innovation Fund. And thanks to the latest partnership with nidus3D, Habitat for Humanity is leaning on the company’s cutting-edge 3D construction technology to make home ownership more affordable in Canada. “In Windsor-Essex alone, there are currently 6,500 individuals that are homeless or at risk of homelessness, and the current solutions are simply not adequate in addressing this issue,” said, Ian Arthur, President & Founder nidus3D. “nidus3D is driven by the mission for increasing access to housing, and we’re deeply honoured for building the first multi-unit 3D printed homes in North America. This historic build serves as proof-of-concept for future builds, and paves the path for quicker and more cost-effective homes for Canadian families.” During COVID, there was devastating impact of co-living on rooming houses and other communal living spaces. There was loss of life that could have been prevented. Krista Rempel, Executive Director for The Bridge Youth Resource Centre states, “We’re grateful for the opportunity to be part of this historic build. The Bridge is investing in housing through this collaborative opportunity to not only do their part in addressing this housing crisis but the initiative will also support on-going operating dollars to sustain the organization long-term.” This first-of-its-kind project will result in four units, in a self-contained home each unit measuring 560 square feet. “We are very proud to be an active partner and research collaborator in this landmark research project of 3D printed home construction,” said Dr. Sreekanta Das, Professor of Civil Engineering at the University of Windsor. This construction project will help forming the design codes and standards on 3D printed constructions. “We are excited about this innovative solution to addressing the national housing crisis,” said Hilda MacDonald, Mayor of the Municipality of Leamington. “We are very grateful the Municipality of Leamington was selected as the location of this first-of-its-kind fully accessible 3-D multi-unit residential build.” The 3D printed homes will be available by Summer 2022 for individuals and couples in need of attainable housing. For more information, visit: 3D Printed Homes Partnership. About Habitat for Humanity Windsor-Essex Habitat for Humanity Windsor-Essex is a non-profit organization working for a world where everyone has a safe and decent place to live. You can support Habitat for Humanity Windsor-Essex by donating or shopping at the Restore located at 51 Edinborough St. in Windsor. Visit www.habitatwindsor.org for more information. About nidus3D nidus3D is a strategic partner and distributor of COBOD BOD2 printers based out of Kingston, Ontario. With experience in construction, lean manufacturing, and public affairs, the team at nidus3D is actively deploying 3DCP (3D Construction Printing) technology to lower building costs and increase access to housing that is resilient, efficient and sustainable, all while complying with Canadian building standards. Visit nidus3d.com for more information. About The Bridge Youth Resource Centre The Bridge is a non-profit organization focused on the vision to help every youth reach their potential. Individuals can learn more about The Bridge, including giving opportunities, by visiting www.thebridgeyouth.ca. About University of Windsor The University of Windsor is a leading research and teaching university located in Windsor, Ontario, Canada. The Department of Civil and Environmental Engineering is an academic department within the Faculty of Engineering that has been researching the development of environmentally-friendly, sustainable printing materials, as well as the applications of 3D printing in construction to resolve the ongoing domestic housing crisis. Contacts Habitat for Humanity Windsor-EssexFiona CoughlinExecutive Director, CEO Mobile: 519-969-3762 x225 Email: fcoughlin@habitatwindsor.org nidus3D Inc.Ian ArthurPresident, CEO Mobile: 613-449-2745 Email: ian@nidus3d.com University of WindsorSreekanta Das, PhD, PEngProfessor of Civil Engineering Ph: 519-253-3000 x2507 Email: sdas@uwindsor.ca Media Inquiries:Jay SachdevFounder, CEO Breathe Purpose Media Mobile: 647-203-3595 Email: jay@breathepurposemedia.com
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Ascletis (1672.HK) Included in MSCI China Small Cap Index
HANGZHOU and SHAOXING, China, May 16, 2022 /PRNewswire/ -- Ascletis Pharma Inc. (HKEX: 1672, "Ascletis") announces today that it will be included in the MSCI China Small Cap Index, effective after the market close on May 31, 2022. Morgan Stanley Capital International (MSCI) is a leading provider of index services and analytics. The MSCI China Small Cap Index is designed to measure the performance of the small cap segment of the Chinese market. The index is comprised of companies with a healthy state of business and strong growth potential, and is widely adopted by the global investment community as a critical decision support reference. "The inclusion by the MSCI China Small Cap Index reflects the capital markets' recognition of and confidence in our business and growth prospect. This inclusion will further expand our investor base and enhance the liquidity of the company's stock." said Dr. Jinzi J. Wu, PhD, Founder, Chairman and CEO of Ascletis. "Moving forward, we will continue leveraging our robust R&D capabilities and accelerating the global clinical development with the focus on the six assets: ASC10 and ASC11 as oral drugs for COVID-19 treatment, ASC22 for chronic hepatitis B functional cure, ASC40 for the treatment of recurrent glioblastoma, ASC42 for the treatment of primary biliary cholangitis and ASC40 for acne. These six assets have presented potentials to achieve New Drug Application submissions and/or approvals in the next two years." About Ascletis Ascletis is an innovative R&D driven biotech listed on the Hong Kong Stock Exchange (1672.HK), covering the entire value chain from discovery and development to manufacturing and commercialization. Led by a management team with deep expertise and a proven track record, Ascletis focuses on three therapeutic areas with unmet medical needs from a global perspective: viral diseases, non-alcoholic steatohepatitis (NASH) and oncology. Through excellent execution, Ascletis rapidly advances its drug pipeline with an aim of leading in global competition. To date, Ascletis has three marketed products, i.e. ritonavir tablets, GANOVO® and ASCLEVIR®, and 20 drug candidates in its R&D pipeline. The most advanced drug candidates include ASC22 (HBV functional cure), ASC10 and ASC11(oral small molecules for COVID-19 treatment), ASC40 (recurrent glioblastoma), ASC42 (PBC, primary biliary cholangitis), and ASC40 (acne). For more information, please visit www.ascletis.com.
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Verint Partners Recognised for Excellence at EMEA Summit
WEYBRIDGE, England & MELVILLE, N.Y.--(BUSINESS WIRE)--#AI--Verint® (Nasdaq: VRNT), The Customer Engagement Company™, celebrated its partners across the EMEA region and announced the organisations honoured for their achievements in supporting Verint solutions and helping customers succeed. The awards were presented during the company’s Partner Summit event held in Mallorca, 11-13 May. The judging panel selected each winner based on their expertise, proven track record and focus on customer value during the past year. The following organisations were recognised for success in customer engagement across consulting, marketing, cloud transition and project wins: Partner of the Year - Avaya Support Partner of the Year - Sabio Group Compliance Partner of the Year - Luware Cloud Partner of the Year - Five9 Partner Deal of the Year - Sabio Group Compliance Partner Deal of the Year – TDS Rising Star Award - evcoms Marketing Partner of the Year – Axcess Nordic The Partner Summit was attended by organisations from across Europe, the Middle East and Africa that represent a wide range of industries, customer engagement environments, and technologies. The two-day event featured a combination of sessions featuring strategies and updates on cloud offerings and solutions including Workforce Engagement, Experience Management and Digital-First Engagement. Verint hosted a gala dinner and awards ceremony to celebrate the achievements of its EMEA partners. “The value that our partners add at every stage of the customer journey plays a pivotal role in our business success, and we are delighted to congratulate this year’s winners on their great achievements,” says Verint’s Mike Pryke-Smith, vice president, partner and alliances EMEA. “During our Annual Partner Awards, we applaud our partners for their great work across a wide range of industries, customer environments, and technologies. In reflecting on the successes of the past year, the judging panel selected each winner based on their expertise, proven track record and focus on customer success.” The Verint Partner Program has more than 350 partners in more than 100 countries across the globe. Verint partners have access to market leading technology, training, best practices and other resources to successfully implement customer engagement solutions in the cloud, on premises, or in a hybrid environment. Partners are selected based on their expertise, innovation and dedication to helping organizations deliver exceptional customer experiences. Visit Partnering with Verint for more information. About Verint Verint® (Nasdaq: VRNT) helps the world’s most iconic brands – including over 85 of the Fortune 100 companies – build enduring customer relationships by connecting work, data and experiences across the enterprise. The Verint Customer Engagement portfolio draws on the latest advancements in AI and analytics, an open cloud architecture, and The Science of Customer Engagement™ to help customers close The Engagement Capacity Gap™. Verint. The Customer Engagement Company™. Learn more at Verint.com. This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2022, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ. VERINT, VERINT DA VINCI, THE CUSTOMER ENGAGEMENT COMPANY, BOUNDLESS CUSTOMER ENGAGEMENT, THE ENGAGEMENT CAPACITY GAP and THE SCIENCE OF CUSTOMER ENGAGEMENT are trademarks of Verint Systems Inc. or its subsidiaries. Verint and other parties may also have trademark rights in other terms used herein. Contacts Media Relations Amy Curry amy.curry@verint.com Investor RelationsMatthew Frankel matthew.frankel@verint.com
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Stratus Properties Inc. Reports First-Quarter 2022 Results
AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS), a diversified real estate company with holdings, interests and operations focused in the Austin, Texas area and other select, fast-growing markets in Texas, today reported first-quarter 2022 results. Highlights and Recent Developments: Stratus continues to make progress on the pending sale of Block 21, a mixed-use development in downtown Austin, Texas, that contains the W Austin Hotel and office, retail and entertainment space, to Ryman Hospitality Properties, Inc. (Ryman) for $260.0 million. The transaction is expected to close prior to June 1, 2022, but remains subject to the timely satisfaction or waiver of various closing conditions. Net income attributable to common stockholders totaled $2.3 million, $0.27 per diluted share, in first-quarter 2022, compared to $8.9 million, $1.08 per diluted share, in first-quarter 2021. First-quarter 2022 results include a pre-tax gain of $4.8 million related to the reversal of accruals for costs to lease and construct buildings under a master lease arrangement that Stratus entered into in connection with its sale of The Oaks at Lakeway in 2017. First-quarter 2021 results include a pre-tax gain of $22.9 million ($16.2 million net of noncontrolling interests) on the sale of The Saint Mary, partially offset by a $2.5 million net loss from discontinued operations as Stratus’ hotel and entertainment operations were impacted by the COVID-19 pandemic. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) totaled $2.4 million in first-quarter 2022, compared to $23.5 million in first-quarter 2021. For a reconciliation of income from continuing operations to EBITDA, see the supplemental schedule, “Reconciliation of Non-GAAP Measure EBITDA,” on page V. Stratus continues construction on The Saint June, a 182-unit luxury garden-style multi-family project within the Amarra development in Barton Creek; Magnolia Place, an H-E-B grocery shadow-anchored, mixed-use project in Magnolia, Texas; and on five Amarra Villas homes. Stratus continues to advance development plans for The Annie B, a proposed luxury high-rise rental project with ground-level retail in downtown Austin, and The Saint George, a proposed 316-unit luxury wrap-style multi-family project in north-central Austin, after purchasing the land for both projects during 2021. Stratus also continues to advance development plans for its 306-unit Lantana Place multi-family project now referred to as The Saint Julia and for Holden Hills, Stratus’ final large single-family residential development within Austin’s Barton Creek community. Stratus’ three stabilized mixed-use projects anchored or shadow-anchored by H-E-B grocery stores, Kingwood Place, West Killeen Market and Jones Crossing, continue to perform well and generate revenue. Stratus is exploring a potential sale or refinancing of these three retail properties. Stratus’ Board of Directors (Board) and management team remain engaged in a strategic planning process, which includes consideration of the uses of proceeds from recent and pending sales and of Stratus’ long-term business strategy. Stratus expects to provide additional information after the Block 21 transaction is concluded and the Board and management have had the opportunity to assess market conditions and the capital requirements for Stratus’ development pipeline. William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, stated, “I am pleased with our team’s outstanding dedication and focus on executing our strategy across all areas of our business. This quarter, we continued to successfully make progress on maximizing shareholder value through our ongoing projects and development pipeline by furthering projects at all levels of the development cycle. In recent months, we have made progress on our pending sale of Block 21. Construction continues on The Saint June and Magnolia Place. We also are advancing our development plans for our multi-family projects The Annie B, The Saint George and The Saint Julia, as well as Holden Hills, our final large single-family residential development in Barton Creek, which will be one of the largest projects we have ever undertaken. Stratus continues to be well-positioned to capitalize on exceptional value-creating opportunities in all stages of our development cycle, from acquiring land, obtaining permits and managing construction, to generating cash through sales, refinancing or leasing. I look forward to seeing all that we accomplish in 2022.” Summary Financial Results Three Months Ended March 31, 2022 2021 (In Thousands, Except Per Share Amounts) (Unaudited) Revenues Real Estate Operations $ 23 $ 6,560 Leasing Operations 3,080 4,818 Corporate, eliminations and other (4 ) (4 ) Total consolidated revenue $ 3,099 $ 11,374 Operating (loss) income Real Estate Operations $ (1,368 ) $ 2,136 Leasing Operations 6,056 a 24,153 b Corporate, eliminations and other (3,167 ) (4,306 ) Total consolidated operating income $ 1,521 $ 21,983 Net income from continuing operations $ 1,812 $ 18,174 Net income (loss) from discontinued operations $ 375 $ (2,508 ) Net loss (income) attributable to noncontrolling interests in subsidiariesc $ 85 $ (6,722 ) Net income attributable to common stockholders $ 2,272 $ 8,944 Basic net income (loss) per share: Continuing operations $ 0.23 $ 1.39 Discontinued operations 0.05 (0.30 ) $ 0.28 $ 1.09 Diluted net income (loss) per share: Continuing operations $ 0.23 $ 1.38 Discontinued operations 0.04 (0.30 ) $ 0.27 $ 1.08 EBITDA $ 2,398 $ 23,507 Capital expenditures and purchases and development of real estate properties $ 19,588 $ 3,498 Weighted-average shares of common stock outstanding: Basic 8,251 8,223 Diluted 8,355 8,273 Includes a $4.8 million pre-tax gain recognized on the reversal of accruals for costs to lease and construct buildings under a master lease arrangement that Stratus entered into in connection with its sale of The Oaks at Lakeway in 2017. Includes a $22.9 million pre-tax gain on the sale of The Saint Mary. Represents noncontrolling interest partners' share in the results of the consolidated projects in which they participate. In the first quarter of 2021, $6.7 million relates to the gain from the sale of The Saint Mary allocated to noncontrolling interest owners. Continuing Operations The decrease in revenue and the operating loss from the Real Estate Operations segment in first-quarter 2022, compared to first-quarter 2021, reflects no sales in first-quarter 2022, as available inventory of developed properties in Stratus’ Real Estate Operations segment is limited. The decrease in revenue from the Leasing Operations segment in first-quarter 2022, compared to first-quarter 2021, primarily reflects the sale of The Santal in December 2021, partly offset by increased revenue at Lantana Place. The Santal had rental revenue of $2.2 million in first-quarter 2021. Operating income in first-quarter 2022 includes a $4.8 million gain recognized on the reversal of accruals for costs to lease and construct buildings under a master lease arrangement that Stratus entered into in connection with its sale of The Oaks at Lakeway in 2017. In the first quarter of 2022, Stratus reassessed its plans with respect to construction of the remaining buildings on three remaining unleased pad sites subject to the master lease arrangement, and determined that it is less costly to continue to pay monthly rent under the master lease agreement until the lease expires in February 2027 than to execute leases and build the buildings. Refer to Stratus’ Annual Report on Form 10-K for the year ended December 31, 2021, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, each filed with the U.S. Securities and Exchange Commission (SEC) for additional information. Operating income in first-quarter 2021 included a $22.9 million pre-tax gain on the sale of The Saint Mary. Discontinued Operations Stratus continues to make progress on the pending sale of Block 21 to Ryman for $260.0 million. The transaction is expected to close prior to June 1, 2022, but remains subject to the timely satisfaction or waiver of various closing conditions, including the consent of the loan servicers to the purchaser’s assumption of the existing mortgage loan, the consent of the hotel operator, an affiliate of Marriott, to the purchaser’s assumption of the hotel operating agreement, the absence of a material adverse effect, and other customary closing conditions. The purchase price includes the purchaser’s assumption of approximately $137 million of existing mortgage debt and is subject to an expected downward adjustment of $5.0 million. After closing costs and assumption of the outstanding Block 21 loan, the sale of Block 21 is expected to generate net pre-tax proceeds of approximately $115 million and after-tax proceeds of approximately $90 million before prorations, but including $6.9 million to be escrowed for 12 months after closing. Stratus expects to record a pre-tax gain of approximately $120 million upon the closing of the sale (approximately $95 million after-tax). Hotel revenues increased to $5.9 million in first-quarter 2022, compared to $2.1 million in first-quarter 2021, which is primarily a result of higher room reservations and food and beverage sales as the impacts of the COVID-19 pandemic had a significant impact on first-quarter 2021 results. First-quarter 2022 Hotel revenue was approximately 70 percent of pre-pandemic Hotel revenue in first-quarter 2019. Revenue per available room (RevPAR), which is calculated by dividing total room revenue by the average total rooms available, was $165 in first-quarter 2022, compared to $51 in first-quarter 2021. Entertainment revenues increased to $5.3 million in first-quarter 2022, compared to $0.6 million in first-quarter 2021, primarily reflecting an increase in the number of events hosted at ACL Live and 3TEN ACL Live as the impacts of the COVID-19 pandemic had a significant impact on first-quarter 2021 results. First-quarter 2022 Entertainment revenue was approximately 10 percent greater than pre-pandemic Entertainment revenue in first-quarter 2019. ACL Live and 3TEN ACL Live are operating at full capacity. Debt and Liquidity At March 31, 2022, consolidated debt totaled $121.4 million and consolidated cash totaled $12.3 million, compared with consolidated debt of $106.6 million and consolidated cash of $24.2 million at December 31, 2021. Consolidated debt at both dates excludes the Block 21 loan of approximately $137 million. As of March 31, 2022, Stratus had $49.7 million available under its $60.0 million Comerica Bank credit facility, with a total of $347 thousand of letters of credit committed against the credit facility. In April 2022, Stratus borrowed $20.0 million on the credit facility, of which the majority of the funds were used to make a U.S. Federal tax payment for Stratus’ 2021 tax liability. Purchases and development of real estate properties (included in operating cash flows) and capital expenditures (included in investing cash flows) totaled $19.6 million for the first three months of 2022, primarily related to the development of The Saint June, Magnolia Place and the Barton Creek properties, including Amarra Villas, compared with $3.5 million for the first three months of 2021, primarily related to the development of Barton Creek properties, including Amarra Villas. Stratus’ Board and management team are engaged in a strategic planning process, which includes consideration of the uses of proceeds from recent and pending sales and of Stratus’ long-term business strategy. Potential uses of proceeds may include a combination of further deleveraging, returning cash to shareholders and reinvesting in Stratus’ project pipeline. Stratus expects to provide additional information after the Block 21 transaction is concluded and the Board and management have had the opportunity to assess market conditions and the capital requirements for Stratus’ development pipeline. Stratus projects that it will be able to meet its debt service and other cash obligations for at least the next 12 months. In May 2022, Stratus entered into an amendment with Comerica Bank to extend the maturity date of the Comerica Bank credit facility from September 27, 2022, to December 26, 2022. Stratus is in discussions with the lender to remove Holden Hills from the collateral pool for the facility, finance the Holden Hills project under a separate loan agreement and enter into a revised revolving credit facility with a lower borrowing limit secured by the remaining collateral under the facility. Stratus expects to be able to extend or refinance all of its loans prior to their maturity dates. No assurances can be given that the results anticipated by Stratus’ projections will occur. ---------------------------------------------- Conference Call Information Stratus will conduct an investor conference call to discuss its unaudited first-quarter 2022 financial and operating results today, May 16, 2022, at 11:00 a.m. Eastern Time. The public is invited to listen to the conference call by dialing (877) 418-4843 for domestic access and +1 (412) 902-6766 for international access. A replay of the conference call will be available until May 30, 2022, by dialing (877) 344-7529 for domestic access and by dialing +1 (412) 317-0088 for international access. Please use replay ID: 5742743. The replay will also be available on Stratus’ website at stratusproperties.com until May 30, 2022. __________________________ CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND REGULATION G DISCLOSURE. This press release contains forward-looking statements in which Stratus discusses factors it believes may affect its future performance. Forward-looking statements are all statements other than statements of historical fact, such as plans, projections or expectations related to whether and when the sale of Block 21 will be completed, Stratus’ estimated gain and net cash proceeds from the sale of Block 21 and potential uses of such proceeds, potential results of the Board and management’s strategic planning process, the impacts of the COVID-19 pandemic, Stratus’ ability to meet its future debt service and other cash obligations, future cash flows and liquidity, Stratus’ expectations about the Austin and Texas real estate markets, the planning, financing, development, construction, completion and stabilization of Stratus’ development projects, plans to sell, recapitalize, or refinance properties, future operational and financial performance, MUD reimbursements for infrastructure costs, regulatory matters, leasing activities, tax rates, the impact of inflation and interest rate changes, future capital expenditures and financing plans, possible joint ventures, partnerships, or other strategic relationships, other plans and objectives of management for future operations and development projects, and future dividend payments and share repurchases. The words “anticipate,” “may,” “can,” “plan,” “believe,” “potential,” “estimate,” “expect,” “project,” "target," “intend,” “likely,” “will,” “should,” “to be” and any similar expressions and/or statements are intended to identify those assertions as forward-looking statements. Under Stratus’ Comerica Bank credit facility, Stratus is not permitted to repurchase its common stock in excess of $1.0 million or pay dividends on its common stock without Comerica Bank’s prior written consent. The declaration of dividends or decision to repurchase Stratus’ common stock is at the discretion of Stratus’ Board, subject to restrictions under Stratus’ Comerica Bank credit facility, and will depend on Stratus’ financial results, cash requirements, projected compliance with covenants in its debt agreements, outlook and other factors deemed relevant by the Board. Stratus cautions readers that forward-looking statements are not guarantees of future performance, and its actual results may differ materially from those anticipated, expected, projected or assumed in the forward-looking statements. Important factors that can cause Stratus’ actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, the occurrence of any event, change or other circumstance that could delay the closing of the sale of Block 21, or result in the termination of the agreements to sell Block 21, the results of Stratus’ Board and management’s strategic planning process, the ongoing COVID-19 pandemic and any future major public health crisis, increases in inflation and interest rates, supply chain disruptions, declines in the market value of Stratus’ assets, increases in operating costs, including real estate taxes and the cost of building materials and labor, Stratus’ ability to pay or refinance its debt or comply with or obtain waivers of financial and other covenants in debt agreements and to meet other cash obligations, Stratus’ ability to collect anticipated rental payments and close projected asset sales, the availability and terms of financing for development projects and other corporate purposes, Stratus’ ability to enter into and maintain joint ventures, partnerships, or other strategic relationships, including risks associated with such joint ventures, Stratus’ ability to implement its business strategy successfully, including its ability to develop, construct and sell or lease properties on terms its Board considers acceptable, market conditions or corporate developments that could preclude, impair or delay any opportunities with respect to plans to sell, recapitalize or refinance properties, Stratus’ ability to obtain various entitlements and permits, a decrease in the demand for real estate in select markets in Texas where Stratus operates, changes in economic, market and business conditions, including as a result of the war in Ukraine, reductions in discretionary spending by consumers and businesses, competition from other real estate developers, the termination of sales contracts or letters of intent because of, among other factors, the failure of one or more closing conditions or market changes, the failure to attract customers or tenants for its developments or such customers’ or tenants’ failure to satisfy their purchase commitments or leasing obligations, changes in consumer preferences, industry risks, changes in laws, regulations or the regulatory environment affecting the development of real estate, opposition from special interest groups or local governments with respect to development projects, weather- and climate-related risks, loss of key personnel, environmental and litigation risks, cybersecurity incidents and other factors described in more detail under the heading “Risk Factors” in Stratus’ Annual Report on Form 10-K for the year ended December 31, 2021, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, each filed with the SEC. This press release also includes EBITDA, which is not recognized under U.S. generally accepted accounting principles (GAAP). Stratus believes this measure can be helpful to investors in evaluating its business. EBITDA is a financial measure frequently used by securities analysts, lenders and others to evaluate Stratus’ recurring operating performance. EBITDA is intended to be a performance measure that should not be regarded as more meaningful than a GAAP measure. Other companies may calculate EBITDA differently. As required by SEC Regulation G, a reconciliation of Stratus’ net income from continuing operations to EBITDA is included in the supplemental schedule of this press release. Investors are cautioned that many of the assumptions upon which Stratus’ forward-looking statements are based are likely to change after the date the forward-looking statements are made. Further, Stratus may make changes to its business plans that could affect its results. Stratus cautions investors that it undertakes no obligation to update any forward-looking statements, which speak only as of the date made, notwithstanding any changes in its assumptions, business plans, actual experience, or other changes. A copy of this release is available on Stratus’ website, stratusproperties.com. STRATUS PROPERTIES INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (In Thousands, Except Per Share Amounts) Three Months Ended March 31, 2022 2021 Revenues: Real estate operations $ 19 $ 6,556 Leasing operations 3,080 4,818 Total revenues 3,099 11,374 Cost of sales: Real estate operations 1,366 4,360 Leasing operations 984 2,052 Depreciation 873 1,586 Total cost of sales 3,223 7,998 General and administrative expenses 3,167 a 4,324 Gain on sale of assets (4,812 ) b (22,931 ) c Total 1,578 (10,609 ) Operating income 1,521 21,983 Interest expense, net (15 ) (1,056 ) Loss on extinguishment of debt — (63 ) Other income, net
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Chatham Asset Management Submits Indicative Bid to Acquire Vericast Corp.
Chatham Would Subordinate Certain Debt Interests and Reduce Company’s Net Leverage by up to 2x Expects to Refinance Vericast Capital Structure and Lower Company’s Cash Interest Payments by $100 Million to $150 Million Annually CHATHAM, N.J.--(BUSINESS WIRE)--Chatham Asset Management, LLC (“Chatham”), a private investment firm which manages funds that own approximately one half of the outstanding indebtedness of Vericast Corp. (“Vericast” or the “Company”), today submitted an indication of interest to acquire Vericast from MacAndrews & Forbes Incorporated. Chatham anticipates paying a purchase price roughly equivalent to $2.85 billion, the value of the Company's outstanding indebtedness, with any additional payments for equity to be determined following the completion of due diligence. The full text of the letter follows: May 16, 2022 Vericast Corp. 15955 LaCantera Parkway San Antonio, TX 78256 Attention: John O’Malley, Chief Executive Officer Re: Indication of Interest to Acquire Vericast Dear Mr. O’Malley, As you are aware, Chatham Asset Management, LLC (together with its affiliates, “we” or “Chatham”) is a New Jersey-based credit investment firm with extensive investments in the print media and marketing communications industries, including significant investments in R.R. Donnelley & Sons, McClatchy, Postmedia, and Accelerate360. Chatham has been a longstanding investor in and supporter of Vericast Corp. (the “Company” or “Vericast”). We served as the lead backstop investor in the Company’s multi-billion dollar refinancing transactions in 2020 and 2021. Currently, we own a majority of the approximately $1.2 billion in outstanding principal amount of 11.000% first lien senior secured notes due 2026, and virtually all of the approximately $439 million in outstanding principal amount of 13.000% second lien senior secured notes due 2027. We are also currently invested in the Company’s term loan facility due 2026. In the aggregate, we own almost one half of approximately $2.85 billion in the Company’s outstanding indebtedness. Accordingly, we are pleased to submit an indication of interest to acquire the Company from MacAndrews & Forbes Incorporated. Based on our existing knowledge of the Company, we anticipate paying a purchase price roughly equivalent to the value of the Company’s outstanding indebtedness, with any additional payments for equity to be determined following the completion of due diligence. We are prepared to support any financing requirements for this transaction by subordinating some of our debt interests into subordinated notes or equity, thereby reducing the Company’s net leverage by up to 2.0x. With this significant deleveraging and potential additional synergies to be realized with other Chatham portfolio companies, we would anticipate to refinance the capital structure at more favorable rates and lower the company's cash interest payments by approximately $100 million to $150 million per year on a pro forma basis, thereby substantially enhancing the Company’s financial flexibility. Together with our advisors, we are ready to conduct the due diligence required, negotiate and prepare definitive documentation, and finalize and enter into binding agreements, including financing commitments, in a prompt and expeditious manner. We are prepared to devote considerable resources to completing this transaction. We are confident that with your cooperation we will be able to execute a definitive transaction agreement without delay. Of course, this letter constitutes an indication of interest only and does not create and shall not be deemed to constitute or create any legally binding or enforceable obligations on the part of either of us, until a definitive transaction agreement is executed. We look forward to your prompt reply. Sincerely, /s/ Anthony Melchiorre Anthony Melchiorre Managing Member Contacts Jonathan Gasthalter/Sam Fisher Gasthalter & Co. (212) 257-4170
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Flexiti Launches its Omni-Channel point-of-sale Financing solution at Michael Hill’s 85 Canadian Stores and at michaellhill.ca, and agrees to acquire
Michael Hill FlexitiCard holders will have access to Flexiti’s online financing and deferred payment options TORONTO--(BUSINESS WIRE)--Flexiti Financial Inc. (“Flexiti”), a leading provider of point-of-sale consumer financing solutions for retailers, announced today that is has launched its omni-channel customer financing solution at all of Michael Hill International Limited’s (ASX/NZX: MHJ) (“Michael Hill” or “MHJ”) Canadian stores. In addition, Flexiti and Michael Hill have entered into an agreement for Flexiti to acquire the existing Michael Hill Credit Card portfolio. The transaction is expected to close on or about May 31, 2022. Michael Hill launched Flexiti’s omni-channel sales financing platform in its 85 Canadian locations in late 2021 and website in early 2022. In-store or online at michaelhill.ca, customers can apply for the Michael Hill FlexitiCard® and instantly make purchases with 0% interest1 financing plans. As a retail member of the Flexiti Network™, existing FlexitiCard holders can also shop with their cards to finance purchases at Michael Hill. In a global first for Michael Hill, Flexiti allows their Canadian customers to apply for long-term credit options online. Michael Hill’s Canadian customers can also access Flexiti’s deferred payment plans in store. As an extension of this partnership, Flexiti has agreed to acquire Michael Hill’s in-house Canadian credit receivables and existing store accounts for an estimated purchase price of C$11 million, with an effective date of May 31, 2022. Acquired accounts will be converted to Michael Hill FlexitiCard accounts and will be able to access Flexiti’s wide breadth of financing options at Michael Hill and throughout the Flexiti Network. “We are excited to welcome Michael Hill into the Flexiti Network and to have the opportunity to take on their credit program, which they have successfully managed in-house for many years,” said Peter Kalen, Founder and CEO of Flexiti. “We are honoured that they have trusted us to seamlessly migrate their customers to the Michael Hill FlexitCard, offering those customers more ways to take advantage of financing solutions for their day-to-day lives.” “This strategic partnership with Flexiti presents a significant opportunity to expand and enhance our Canadian offering, with access to a broader customer base,” said Daniel Bracken, Managing Director and CEO of Michael Hill International Limited. “We look forward to enhancing this important relationship with Flexiti, which provides a further growth and productivity lever for our already highly performing Canadian business.” 1 O.A.C. Terms and conditions apply. About Flexiti Flexiti provides flexible financing to help customers make important purchases. Available at a network of over 7,500 top-tier retailers and e-commerce sites, including The Brick, Wayfair.ca, Sleep Country, Staples and Birks, Flexiti’s award-winning ‘buy now, pay later’ (BNPL) platform provides customers and merchants alike with seamless point-of-sale service. Flexiti users can be instantly approved in-store and online to receive 0% interest financing on purchases within their credit limit without needing to reapply. Helping Canadians secure over $1B in flexible financing in the last two years, Flexiti is Canada’s fastest growing BNPL provider. In 2021, Flexiti ranked 10th on Deloitte’s Canada’s ‘Technology Fast 50™,’ 54th on Deloitte’s North American ‘Technology Fast 500™,’ and ranked 13th on The Globe and Mail’s ‘Canada’s Top Growing Companies.’ Flexiti is a wholly-owned subsidiary of CURO Group Holdings Corp. (NYSE: CURO). For more information on Flexiti's service offering and growing Flexiti Network™, visit www.flexiti.com. ABOUT MICHAEL HILL INTERNATIONAL LIMITED Michael Hill International was founded by Sir Michael Hill in 1979 when he opened his first jewellery store in Whangarei, New Zealand. The Group currently has 283 stores globally across Australia, New Zealand and Canada. The Group’s global headquarters, including its wholesale and manufacturing divisions, are located in Brisbane, Australia. The Company is listed on the ASX (ASX:MHJ) and the NZX (NZX:MHJ). (CURO-NWS) Source: CURO Group Holdings Corp.; Flexiti Contacts Yonatan Belete media@flexiti.com
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Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of May, 2022
Not for distribution to U.S. News Wire Services or dissemination in the United States. TORONTO--(BUSINESS WIRE)--#valueforgenerations--Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of May, 2022 of $0.061667 per trust unit, representing $0.74 per trust unit on an annualized basis, payable on June 15, 2022 to Unitholders of record at the close of business on May 31, 2022. About Choice Properties Real Estate Investment Trust Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties. We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence. For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com. Contacts Mario Barrafato Chief Financial Officer Choice Properties REIT (416) 628-7872 Mario.Barrafato@choicereit.ca
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Polly Announces Technology Integration Partnership with All Mortgage Insurance Providers
Highly requested integrations demonstrate Polly’s rapid adoption, commitment to industry collab SAN FRANCISCO--(BUSINESS WIRE)--Polly, a leading provider of innovative SaaS technology for the mortgage capital markets space, today announced its integration with the six primary mortgage insurance (MI) providers: Arch MI, Enact, Essent, MGIC, National MI, and Radian. These staple integrations come highly requested, not only by the mortgage originators that have contributed to the rapid adoption of Polly’s end-to-end capital markets ecosystem to date, but also by the principal companies leading the private mortgage insurance industry. By embedding each MI company’s quoting capabilities into its state-of-the-art Product and Pricing Engine (PPE), Polly streamlines the process of calculating, quoting, and comparing MI offerings across all providers to save valuable time and effort for the loan officer and mortgage lender, and ultimately, provide the optimal options to the borrower. Users receive a comprehensive list of rates, premiums, summaries on DNI impact, and more from each MI provider with the single click of a button. Polly’s cloud-native PPE will also provide an explanation when a quote is not provided, as well as actionable suggestions for changing parameters. When a quote is selected, the user will instantaneously receive documentation from the applicable MI provider. These integrations are part of Polly’s core service offering and demand no additional cost from the MI companies that populate in the search results. "At MGIC, we are dedicated to enabling efficiencies for our customers and are thankful for the opportunity from Polly to meet our customers where they need us most," said Leslie Malicki, Director-Partner Solutions at MGIC. Polly is proud to have established a strong partnership with each MI provider, and all share a mutual dedication to providing joint customers with a superior experience. This commitment to industry collaboration, paired with its team of experienced mortgage professionals and first-hand knowledge of the market’s evolution, will serve to further accelerate Polly’s goal to drive true transformation across the mortgage industry. "We are committed to our customers’ success and equipping them with the right tools and workflow automation to navigate an ever-changing market," explained Adam Carmel, Founder and Chief Executive Officer of Polly. "We often receive feedback that legacy processes remain cumbersome and time consuming, so we are thrilled to partner with all six essential MI providers to streamline the mortgage insurance process for lenders and borrowers." Developmental plans for phase two of Polly’s MI integrations are already in motion, which will further expand on this foundation and enable mortgage originators to interact with MI quotes in a way that has never been done before. To remain informed of ongoing integrations and the other innovations included in Polly’s PPE, please visit https://polly.io/pricing/. About Polly Polly is transforming the mortgage industry with its modern, data-driven capital markets ecosystem. Lenders trust Polly’s Product and Pricing Engine (PPE), Loan Trading Exchange, Analytics Platform, and Partner Platform to optimize performance from rate lock to loan sale and delivery, increase gain-on-sale execution, automate workflows, and provide actionable data and analytics. Polly was founded in 2019 by a seasoned team of technology and mortgage experts, and is based in San Francisco, California. Please visit www.polly.io to learn more. Contacts Media requests and inquiries: Samantha MacKendrick Polly smackendrick@polly.io415-212-8469
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Model N CEO to Participate at the JP Morgan 50th Annual Global Technology, Media & Communications Conference
SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (MODN), a leader in revenue optimization and compliance, today announced that Jason Blessing, Chief Executive Officer, will present at the JP Morgan 50th Annual Global Technology, Media & Communications Conference. The presentation is scheduled for Wednesday, May 25, 2022 at 5:40a.m. PT (8:40a.m. ET). A webcast of the live and replay presentation will be accessible from the investor relations page of the Model N website at https://investor.modeln.com/. About Model N Model N is the leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators. Our intelligent platform powers your digital transformation with integrated technology, data, analytics, and expert services that deliver deep insight and control. Our integrated cloud solution is proven to automate pricing, incentive, and contract decisions to scale business profitably and grow revenue. Model N is trusted across more than 120 countries by the world’s leading pharmaceutical, medical technology, semiconductor, and high-tech companies, including Johnson & Johnson, AstraZeneca, Stryker, Seagate Technology, Broadcom, and Microchip Technology. For more information, visit www.modeln.com. Contacts Investor Relations Contact: Carolyn Bass investorrelations@modeln.com Media Contact: Denyse Dabrowski Bospar Public Relations denyse@bospar.com
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LiveVox Study Reveals Contact Centers Have Increased Adoption of AI, But Struggle to Capture ROI
The research study finds that despite increased interest in AI technology, only 44% of organizations experience benefits from implementing AI tools in their contact center SAN FRANCISCO--(BUSINESS WIRE)--$LVOX--LiveVox Holdings, Inc. (“LiveVox” or the “Company”) (NASDAQ: LVOX), a leading cloud-based provider of customer service and digital engagement tools, today released the results of a commissioned study conducted by Forrester Consulting to identify the key use cases and challenges when deploying AI technology in the contact center. The study, entitled “Contact Centers and AI: Sounds Like You Need Help Unlocking Full Benefits” surveyed 315 IT and operations leaders responsible for AI contact center technology in U.S. companies and found that while AI technology adoption within the contact center has increased and resulted in improved customer experience (CX), measurable ROI has been delayed by a number of significant challenges. The top ranked obstacles preventing contact centers from achieving ROI from AI technology investments include: the high cost of implementation (43% -top three rank), not having access to necessary customer data (40%), and a lack of skilled in-house staff (38%). Additional findings include: AI Adoption is Well Underway. On average, executives report that they are using three AI tools in their contact centers today, with a quarter of respondents reporting use of more than four. Even so, only about half are using chatbots, AI virtual agents, real-time speech and text analytics, and agent assist. Overall, by wide margins, contact centers with 100 to 250 agents lead the way in adoption of AI and are using a range of tools including robotic process automation, chatbots, and virtual agents. Delays During Initial Deployment and Routine Updates are Widespread. Over 50% of contact center decision-makers say they are unable to make the changes needed to machine learning (ML) models and AI tools because they depend on vendors and lack the staff and expertise to do so themselves. Additionally, high implementation costs, limited data access, and the need for integration with legacy CRMs slow down initial deployment for 40% of firms. High Expectations, Low Measurable ROI. Although many contact center leaders believe AI tools will raise both customer and agent satisfaction, fewer than half of respondents experienced benefits from implementing AI tools. However, 80% still agree that a pre-integrated AI solution could provide greater flexibility to deploy, test, and change applications quickly. “The adoption of AI within contact centers remains both the largest potential benefit and biggest challenge to delivering an exceptional agent and customer experience,” said Louis Summe, CEO and co-founder, LiveVox. “In order to remove the barriers around AI adoption and implementation, contact centers need to partner with technology companies that understand the application of practical AI and how the technology can be seamlessly integrated within agents’ workflows. AI is not a silver bullet; the technology must be easy to implement and manage, informed by data, supported by informed people, and consistently applied throughout the customer journey to deliver tangible, measurable ROI.” To learn how your contact center can take advantage of AI technology and see the benefits, register for LiveVox’s upcoming webinar featuring Forrester on Thursday, May 19th at 11am PT / 2pm ET. Register here. To download the full study, click here. About LiveVox LiveVox (Nasdaq: LVOX) is a next generation contact center platform that powers more than 14 billion omnichannel interactions a year. By seamlessly unifying blended omnichannel communications, CRM, AI, and WEM capabilities, the Company’s technology delivers exceptional agent and customer experiences, while helping to mitigate compliance risk. With 20 years of cloud experience and expertise, LiveVox’s CCaaS 2.0 platform is at the forefront of cloud contact center innovation. The Company has more than 650 global employees and is headquartered in San Francisco, with offices in Atlanta; Columbus; Denver; St. Louis; Medellin, Colombia; and Bangalore, India. To stay up to date with everything LiveVox, follow us at @LiveVox or visit livevox.com. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including those containing the words “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast,” “opportunity” and other similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon management estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company as of the date of this press release, and may include, without limitation, changes in general economic conditions, including as a result of COVID-19, all of which are accordingly subject to change. Any such estimates, assumptions, expectations, forecasts, views or opinions set forth in this press release constitute the Company’s judgments and should be regarded as indicative, preliminary and for illustrative purposes only. The forward-looking statements contained in this press release are subject to a number of factors, risks and uncertainties, some of which are not currently known to the Company, which may cause the Company’s actual results, performance or financial condition to be materially different from the expectations of future results, performance of financial condition. Important factors, among others, that may affect actual results are described in the Company’s filings with the Securities and Exchange Commission (“SEC”), including our Form 10-K filed with the SEC on March 11, 2022. Although forward-looking statements have been made in good faith and are based on assumptions that the Company believes to be reasonable, there is no assurance that the expected results will be achieved. The Company’s actual results may differ materially from the results discussed in forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. These forward-looking statements are made only as of the date hereof, and the Company does not undertake any obligations to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Contacts PR for LiveVoxKatie Creaser LiveVoxPR@ICRInc.com IR for LiveVoxRyan Gardella LiveVoxIR@ICRInc.com
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Join Intuit QuickBooks and the U.S. Small Business Administration for a Small Business Success Month Town Hall
U.S. Small Business Administrator Isabella Casillas Guzman and Intuit QuickBooks EVP and General Manager Alex Chriss to Discuss Small Businesses Challenges from Cash Flow to Inflation MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--As part of Small Business Success Month, Intuit (NASDAQ: INTU), the global technology platform that makes QuickBooks, TurboTax, Mint, Credit Karma, and Mailchimp, will host a candid conversation with Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), on Thursday, May 19 to discuss the biggest challenges facing small businesses today, including how to access capital, manage inflation and improve cash flow. Emmy award-winning journalist Lisa Ling will moderate the conversation. Small business owners are invited to attend and can register for free here. WHEN: Thursday, May 19, 2022 at 10 a.m. PT / 1 p.m. ET WHAT: The live Small Business Success Month Town Hall virtual event will focus on some of the top challenges small businesses are currently facing – access to capital, inflation and cash flow – and answer questions submitted by small business owners. The panelists will share insights and information about programs and resources that are available to business owners, including the important role the SBA plays in helping small businesses succeed. In fact, 80% of small business owners said they have used at least one SBA program, and the top request for government help is to make it easier to get loans, according to a new Intuit QuickBooks Success Month 2022 survey released today. WHO: The Town Hall conversation will feature: Isabella Casillas Guzman, Administrator, U.S. Small Business Administration Alex Chriss, Executive Vice President and General Manager, Intuit Small Business and Self Employed Group, home of QuickBooks and Mailchimp Moderator: Lisa Ling, Emmy award-winning journalist WHY: Small businesses continue to say getting access to capital is one of their top three challenges and “making it easier to get loans” is where they want the most help from government programs. Moreover, rising costs are now the number-one threat small businesses face with 89% of small businesses concerned about inflation, according to a recent QuickBooks survey. Cash flow problems also continue to hurt small businesses, forcing entrepreneurs to use cash reserves and even credit cards to plug the gap. FOR MORE INFORMATION Intuit’s Small Business Success Month Town Hall is dedicated to celebrating small business success and supporting their future growth by unpacking the biggest challenges and identifying the ways to overcome them. For more information about the Small Business Success Month Town Hall and to register for the event, please visit here. About Intuit Intuit is the global technology platform that helps consumers and small businesses overcome their most important financial challenges. Serving more than 100 million customers worldwide with TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit, our products and services, and find us on social. Contacts Intuit QuickBooks: Kim Amsbaugh kim_amsbaugh@intuit.com Jennifer Garcia jeng@accesstheagency.com
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Uber CEO to Participate in Keynote Hosted by Bank of America
SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) today announced that Dara Khosrowshahi, CEO, will participate in a keynote at the Bank of America 2022 Global Technology Conference on Thursday, June 9, 2022. Mr. Khosrowshahi is scheduled to appear at 8:00am PT (11:00am ET). A recorded audio webcast of the event will be available on the investor relations section of the Uber website at http://investor.uber.com. About Uber Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 30 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities. Contacts Investor Contact: investor@uber.com Media Contact: press@uber.com
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Confluent to Present at Upcoming Investor Conference
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming platform to set data in motion, today announced that its management will present at the following upcoming investor conference: J.P. Morgan Global Technology, Media and Communications Conference Date: Monday, May 23, 2022 Time: 7:00 a.m. PT / 10:00 a.m. ET A live webcast and a replay of the presentation will be available on Confluent’s investor relations website at investors.confluent.io. About Confluent Confluent is the data streaming platform that is pioneering a fundamentally new category of data infrastructure that sets data in motion. Confluent’s cloud-native offering is the foundational platform for data in motion – designed to be the intelligent connective tissue enabling real-time data, from multiple sources, to constantly stream across the organization. With Confluent, organizations can meet the new business imperative of delivering rich, digital front-end customer experiences and transitioning to sophisticated, real-time, software-driven backend operations. Contacts Investor ContactShane Xie investors@confluent.io Media ContactTaylor Jones pr@confluent.io
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