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WARWICK, NY, April 13, 2021 (GLOBE NEWSWIRE) -- Ozop Energy Solutions, Inc. (OZSC), (“Ozop” or the “Company) Ozop is happy to announce the launch of its new sales division with approximately 10,000 sq ft of warehouse and office space located on the west coast, at 2870 Whiptail Loop, Carlsbad, CA 92010. Heading up the new sales arm of Ozop Energy Systems are two very experienced sales executives with an extensive history in direct renewable sales, maintaining a client base that can generate between $5-$8 million in sales monthly. Yadewinder (Timothy) Toor and Christopher Serna have spent the past two weeks locating the new office and now are preparing it to get up and running for an additional 4-5 industry experienced salespeople to join the team in the coming months. “It’s a real coup to bring aboard industry sales leaders who started in the warehouses only to rise to the positions of sales directors, each having overseen teams of salespeople. They know all of the industry trends, vendors, and most importantly, come with established clientele,” stated Brian Conway, CEO of Ozop Energy Solutions. “It’s exciting to feed off their energy, youth, and vigor, and to instantly bring such growth to the company in one single swoop. A real homerun.” Timothy Toor added, “When we were approached by Brian about joining his team, we had several primary interests: The renewables market, compelling corporate vision, working with great people.” “This is a very exciting time for everyone” stated Christopher Serna, “Tim and I bring over 2 decades of combined sales experience and industry-leading knowledge. I am grateful for this opportunity to grow OZOP Energy Systems.” For more information on OZSC please follow on the link, www.OzopEnergy.com Please be aware that our social media accounts can be used from time to time for additional material events. https://twitter.com/OzopEnergy https://www.facebook.com/OzopEnergy/ The Waypoint Refinery (discord.com) About Ozop Energy Solutions.Ozop Energy Solutions (http://ozopenergy.com/) invents, designs, develops, manufactures, and distributes ultra-high-power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy. About Power Conversion Technologies, Inc.Power Conversion Technologies, Inc. (www.pcti.com) invents, designs, develops, manufactures, and distributes standard and custom power electronic solutions. Founded in 1991 and located in East Butler, Pennsylvania, the Company’s mission is to be the global leader for high power electronics with a standard of continued innovation. About Ozop Energy Systems, Inc.Ozop Energy Systems is a leading Manufacturer and distributor of Renewable Energy products in the Energy Storage, Solar, Microgrids, and EV charging Station space. We are always among the first to receive the newest technology, products, and application techniques. We offer a broad portfolio of Renewable Energy products at competitive prices with a commitment to customer satisfaction from selection, to ordering, shipping, and delivery. Safe Harbor Statement“This press release contains or may contain, among other things, certain forward-looking statements. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission. Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company’s control). The company undertakes no obligation to publicly update any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.” ### Investor Relations Contact The Waypoint Refinery, LLC845-397-2956www.thewaypointrefinery.com
Understanding New Regulatory Requirements and Managing Threats Remains Essential for IT ProfessionalsCHICAGO, April 13, 2021 (GLOBE NEWSWIRE) -- Data Connectors, representing the largest cybersecurity community in North America, continues its industry-leading live Virtual Summits in the Midwest next week. The 2021 Chicago Virtual Cybersecurity Summit provides senior executives in the area education regarding new solutions, as well as the latest updates and challenges in the industry. Headlining this two-day summit on Tuesday and Wednesday, April 20-21 are four prominent keynote presentations: Amy Nicewick, Section Chief for the Cybersecurity Division, Department of Homeland Security Cybersecurity Infrastructure Security AgencyEJ Hilbert, Former FBI Cyber Agent and CISO & Founder of KCECyberJustin Fanelli, Chief Architect of Defense Medical Intelligence Data and Technical Director at the Naval Information Warfare CenterJoe Nocera, Lead of the PwC Cyber & Privacy Innovation Institute In the coming months, all cybersecurity professionals will be dealing with the transition between pandemic- and post-pandemic life. PricewaterhouseCoopers’ (PwC) Joe Nocera will be addressing this topic in detail for the community. “As we approach a post-COVID world, I’m working with clients to address a myriad of cyberthreats that have either intensified or evolved over the past year. Particularly as virtual work has led to companies handling more data than ever before, it is critical for companies’ customers and employees to feel confident that they can trust them to keep their data safe and manage it responsibly. I look forward to discussing these challenges and sharing best practices for building cyber trust at the Chicago event,” Nocera said. In recent years, ransomware incidents have become increasingly prevalent among the Nation’s state, local, tribal, and territorial (SLTT) government entities and critical infrastructure organizations. Malicious actors continue to adjust and evolve their ransomware tactics over time. In January, CISA started the Reduce the Risk of Ransomware Awareness Campaign. CISA’s Amy Nicewick will be addressing this topic and the awareness campaign in a session for the community. “CISA is working collaboratively with our public and private sector partners to protect their networks from ransomware. Our awareness campaign highlights readily available and important best practices and resources that can be leveraged to better protect against, mitigate, and recover from a potential ransomware attack. Our goal is to help organizations at all levels reduce their risk of ransomware victimization,” Nicewick said. The Summit will also feature live virtual exhibits and informative presentations from cybersecurity solution providers, as well as live, topical expert panels fielded by leading subject-matter experts. At the Summit, industry experts will dive into topics around limiting the risk of ransomware, regulations surrounding the Department of Defense’s Cybersecurity Maturity Model Certification, DevSecOps and the cloud, the role of cybersecurity in the Internet of Things, and the key trends on which Chief Information Security Officers (CISOs) should most concern themselves in 2021. The Virtual Summit will also feature a live, interactive panel discussion, with some of the top CISOs from organizations throughout the Midwest: Fred Kwong, Ph.D. — CISO & AVP Security, Identity & Operations, Delta Dental PlansMatthew Zielinski — Director, Technology Infrastructure & CISO, Vivid SeatsRon Zochalski — CTO/CISO, Lake County GovernmentJim Serr — CIO, Joliet Junior CollegeStephanie Southard — CISO, BCU Attendees will ask questions and interact online with the CISOs, as well as each other and the organizations who will feature their solutions at the event. Featured solutions providers at this summit include Auth0, Cisco, Cymulate, Ordr and many more. The Summit will take place over two days, Tuesday and Wednesday, April 20-21 at 8:00 a.m. CT on both days. Registration is free for qualified professionals, who can also obtain Continuing Professional Education (CPE) credits for participation. More information can be found at dataconnectors.com/chicago About Data ConnectorsSince 1999, Data Connectors (dataconnectors.com) has facilitated collaboration between senior cybersecurity professionals, government/law enforcement agencies, industry luminaries, and solution providers. Today, the community comprises over 650,000 members and 250 active vendor partners across North America. Members enjoy informative education, networking and support via our award-winning Virtual Summits, live conferences, Web Briefings, and regular communications. Note to reporters: If you wish to attend these sessions at no charge, please contact Michael Hiskey, Chief Strategy Officer, at +1.636.778.9495, or email@example.com.
LiveU’s live streaming solutions and MediaCentral | Stream simplify IP contribution from remote locations into the MediaCentral platformBURLINGTON, Mass., April 13, 2021 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) today announced a strategic partnership with LiveU to enable the ingest of IP streams for television news and remote live TV production in Avid’s MediaCentral platform. This collaboration with LiveU, inventor and innovator of cellular bonding for transmitting high-quality live video, builds on Avid’s strategy to simplify on-premise and cloud-based production workflows and provide unparalleled openness for broadcasters and content providers. MediaCentral is an open media workflow platform with an ecosystem of strategic partners that seamlessly integrates LiveU as well as Haivision and other SRT-enabled cameras or devices, encoders and mobile apps. Broadcasters and content providers using MediaCentral | Stream, Avid’s powerful IP stream ingest solution for television news and remote live TV production, can now ingest live content from LiveU streaming directly into their workflows. This new capability provides a cost-effective and fast way to securely send streams over the internet, generated by LiveU field units using the secure LRT™ (LiveU Reliable Transport) protocol delivered directly into Avid production environments. With LiveU’s cloud-based solutions, media companies can accept incoming LRT feeds from any field unit, LiveU Matrix IP distribution platform, or existing portable field units from LiveU with the cloud integration module. This interoperability, combined with MediaCentral | Stream, provides broadcasters with a fast, seamless and cost-effective way of ingesting IP content into MediaCentral, so they can quickly bring live content and news stories to audiences across linear and digital platforms. “Our partnership with Avid streamlines the workflow for our joint customers with a pre-integrated solution,” said Avi Cohen, COO and Co-founder at LiveU. “The integration of our products with Avid MediaCentral sets a high industry standard for transmitting and ingesting live video by providing the consistent bandwidth and reliability that broadcasters demand to acquire, manage and distribute high-quality remote live broadcasts from anywhere.” “Avid’s strategic partnership with LiveU builds on a growing ecosystem of industry-leading technologies that enable broadcasters to transmit and ingest live feeds from remote locations into MediaCentral-based production environments, something that has been historically difficult and expensive,” said Raul Alba, Director of Product Marketing - Media and Cloud at Avid. “Our partnership with LiveU simplifies remote IP contribution by streamlining workflows and making remotely-generated content delivered securely via IP quickly available for television news, sports and remote live TV production scenarios, all enabling broadcasters to cover more stories and deliver faster to linear and digital platforms.” For more information on Avid’s broadcast and media production workflows and solutions, visit https://www.avid.com/mediacentral-stream and listen to Avid’s on-demand webinar, Enabling IP Contribution for Avid Production Environments. About LiveU LiveU is changing the rules of the game for live news and dynamic sports coverage, with flawless 5G 4K HEVC live streaming and remote production. Together with its cloud-based management and next-gen IP distribution platforms, LiveU offers the most cost-effective end-to-end contribution, production and distribution solution. Our broad portfolio of products sets the industry standard for live video production ranging from our newest, portable production-level field units and smartphone app to satellite/cellular hybrid and external antenna solutions. With over 3,000 customers in 130+ countries, LiveU’s technology is the solution of choice for global broadcasters, news agencies, sports and entertainment, streaming live video to TV, mobile, online and social media. LiveU is a winner of the 71st Annual Technology & Engineering Emmy® Awards in recognition of its innovation and achievement in Video over Cellular Internet Protocol (VoCIP) technology. For more information, visit www.liveu.tv, or follow us on Twitter, Facebook, YouTube, LinkedIn or Instagram. About AvidAvid delivers the most open and efficient media platform, connecting content creation with collaboration, asset protection, distribution, and consumption. Avid’s preeminent customer community uses Avid’s comprehensive tools and workflow solutions to create, distribute and monetize the most watched, loved and listened to media in the world—from prestigious and award-winning feature films to popular television shows, news programs and televised sporting events, and celebrated music recordings and live concerts. With the most flexible deployment and pricing options, Avid’s industry-leading solutions include Media Composer®, Pro Tools®, Avid NEXIS®, MediaCentral®, iNEWS®, AirSpeed®, Sibelius®, Avid VENUE™, FastServe®, and Maestro™. For more information about Avid solutions and services, visit www.avid.com, connect with Avid on Facebook, Instagram, Twitter, YouTube, LinkedIn, or subscribe to Avid Blogs. © 2021 Avid Technology, Inc. All rights reserved. Avid, the Avid logo, Avid NEXIS, FastServe, AirSpeed, iNEWS, Maestro, MediaCentral, Media Composer, Media Composer | First, Media Composer | Ultimate, Pro Tools, Avid VENUE, and Sibelius are trademarks or registered trademarks of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. LiveU is a registered trademark of LiveU Corporation. All other trademarks are the property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice. PR Contacts:AvidDave Smith978.firstname.lastname@example.org LiveUJoyce Essig (US)201-742-5229 Joyce@liveu.tv Joss Armitage (Int’l)+email@example.com
Segments (EURm)Q1/21Q1/20yoySupermarkets133.9118.313.2%Department stores18.421.1-13.1%Cars126.96.36.199%Footwear1.01.6-38.5%Real Estate1.21.3-7.7%Total sales190.8175.58.7% Supermarkets1.53.4-56.4%Department stores-1.7-1.075.1%Cars1.20.3344.1%Footwear-0.6-0.9-34.5%Real Estate2.52.7-5.7%IFRS 16-0.7-0.3125.8%Total profit before tax2.24.1-47.1% In the first quarter of 2021, the consolidated unaudited sales revenue of Tallinna Kaubamaja Grupp was 190.8 million euros. Compared to the first quarter of 2020, when comparable sales revenue was 175.5 million euros, the increase was 8.7%. The net loss for the reporting period was 2.2 million euros, which increased by 0.4 million euros compared to the first quarter of 2020. The pre-tax profit was 2.2 million euros, which was 1.9 million euros less than a year earlier. Similarly to the previous year, the first quarter of 2021 ended with the closing of the points of sale of the footwear trade segment, the industrial goods departments of the Kaubamaja department store segment, and I.L.U. stores. This year, the closure took place earlier – on 11 March. Last year, industrial goods departments were closed on 27 March, so this year gave a correspondingly stronger blow to the seasonal sales of fashion goods. This time, the Group’s e-shops were better prepared for the sharp increase in the volume of orders, although the growth in e-shop sales did not compensate for the decrease in sales revenue due to store closures. The Group’s car trade segment was the least affected by the closures – the security of supply of the car brands sold by the Group made it possible to achieve good sales and profit numbers. The profit in the supermarket segment was most affected by the one-time expenses for the integration of the store chain acquired last year into Selver’s supply chain and IT systems. The transfer was accompanied by a few days of store closures to change the equipment. The largest one-off costs were labour costs for the training of staff in the transferred stores. From March, the security services business acquired from P. DUSSMANN EESTI OÜ at the end of 2020 was integrated into the composition of the security company Viking Security AS, which is reported in the Group’s Kaubamaja department store segment. Labour costs in the Group increased by a total of 14.3% in the first quarter. The number of employees increased by 15.7%, i.e. by almost 700 people. The increase in assets due to previous investments and the revaluation of material assets was accompanied by an increase in depreciation of 1.9 million euros. The increase in depreciation due to the standard of lease agreements accounted for almost half of this, mainly due to the stores added to the Selver segment last year. The total estimated negative impact of IFRS 16 on profit was 0.4 million euros. In the first quarter of 2021, one of the most important major developments of the Group in recent years was completed – the new production building of the central kitchen of Kulinaaria OÜ, the renovation of the previous factory building, and the interconnection were completed. The most labour-intensive innovation was the transfer of stores operating under the Comarket brand to the Selver ABC brand and the integration of Comarket, Delice stores, and the Solaris Food Store with the Selver supply chain and IT systems. The upgrade of the e-shop software platform was started in the reporting quarter. This year, Selver plans to renovate or expand five stores and continue to develop and expand the service area of the e-shop service to be nationwide. Selver supermarkets The consolidated sales revenue of the supermarket business segment in the first quarter of 2021 was 133.9 million euros, increasing by 13.2% compared to the previous year. The average monthly sales revenue per square metre of sales area in the first quarter of 2021 was 0.38 thousand euros, decreasing by 3.1% compared to the previous year. In terms of comparable stores, the sales revenue of goods per square metre of sales area was 0.39 thousand euros, remaining at the level of the previous year. In the first quarter of 2021, 9.5 million purchases were made from Selver stores, which is 2.8% more than in the comparable period a year earlier. The consolidated pre-tax profit of the supermarket segment in the first quarter of 2021 was 1.5 million euros, which is 1.9 million euros less than in the previous year. The consolidated loss of the supermarket segment was 0.1 million euros, which is 1.3 million euros weaker than last year. The difference between the loss and profit before income tax is partly due to the income tax paid on dividends – in 2021; the income tax on dividends was 0.6 million euros lower than a year earlier. From 1 June 2020, the results of the supermarket segment include the results of ABC Supermarkets. Selver’s comparison base for the first quarter is affected by the acquisition of the ABC Supermarkets store chain last year, which increased the number of Selver stores by 19. In February 2021, the sales activities of one store were terminated and at the end of the quarter, the sales activities will continue in the eighteen added stores. In addition, the comparability of the results is affected by the new Selver store opened in July 2020 and the renovation of one Selver store in the first quarter of the previous year, as well as the fact that last year was a leap year. Compared to the previous year, the sales volume of Selver’s e-channel has tripled. The service area of e-Selver has been significantly expanded. By the end of the first quarter, e-Selver was represented in 13 counties, meaning that the e-Selver service is available to more than one million Estonians. E-Selver is the food and consumer goods chain with the largest service area in Estonia. In the first quarter of this year, the transfer of the stores of the ABC Supermarkets chain operating under the Comarket brand to the Selver ABC brand was completed and IT software upgrades were made in the Delice store and Solaris Food Store. In Delice stores and Solaris, the Delice Express service is now offered to customers – previously, these stores had self-service checkouts, but now customers can in addition conveniently make purchases with a scanner. This process involved a few days of store closures to change the equipment as well as one-off costs and investments. The development of profit has been affected by the faster growth of labour costs, which is temporarily caused by the integration of ABC Supermarket store processes into the Selver solution, higher labour needs in the e-commerce segment, where the provision of the service is more resource-intensive compared to the physical store, and higher expenses to cover the increased sick leaves of employees. Like the Estonian economy as a whole, the Supermarket segment is affected by changes in customers’ purchasing behaviour and consumption habits related to the coronavirus that began last year, as well as continued increases in the cost of personal protective equipment for customers and employees. Department stores The sales revenue of the Kaubamaja department stores segment in the first 3 months of 2021 was 18.4 million euros, which was 13.1% less than in the same period of the previous year. The sales revenue of Kaubamaja department stores per square metre of sales area was 0.22 thousand euros per month in the first 3 months, which is 15.6% lower than in the same period last year. The pre-tax loss of Kaubamaja department stores in the first quarter of 2021 was 1.7 million euros, which was 0.7 million euros weaker than a year ago. The sales result of Kaubamaja department stores in the first quarter was affected by the sharp increase in coronavirus indicators in January, which is why the number of visitors in both Tallinn and Tartu Kaubamaja department stores decreased. Despite the modest sales of fashion goods, the sales of household goods showed success at the beginning of the year, and the Kodu Aeg (Time for Home) campaign at the beginning of February achieved the best results in recent years. Although the Ilu Aeg (Time for Beauty) campaign at the beginning of March also had a good start and gave hope for record results as well, the strict restrictions imposed by the Government of the Republic of Estonia on 11 March, which meant the closure of all industrial goods stores, had a profound negative effect on the campaign and all of March. As in the previous year, Kaubamaja department stores closed all departments of industrial goods in Tallinn and Tartu on 11 March (in 2020, they were closed on 27 March) and only food departments remained open. The Kaubamaja e-shop has grown strongly throughout the crisis period and has increased its results sixfold in terms of both turnover and number of visitors. The turnover of the Kaubamaja e-shop increased by 158% in the first quarter of 2021. In the first quarter of 2021, the sales revenue of OÜ TKM Beauty Eesti, which operates the I.L.U. cosmetics stores, was 1.0 million euros, which was 9.7% less than in the same period in 2020. In the first quarter, the loss was 0.06 million euros, which increased by 12.6% compared to the comparable period of 2020. The result of the first quarter was negatively affected by consumers’ caution when going to shopping centres due to the COVID-19 virus situation and the closure of stores in March. In the reporting quarter, the main focus in marketing and development activities was on supporting the e-shop, the results of which were strong as expected. Car trade The sales revenue of the car trade segment in the first quarter of 2021 was 36.2 million euros. Sales revenue increased by 9.5% compared to the previous year. In the first three months of the year, a total of 2,077 new vehicles were sold. In the first quarter of 2021, the Baltic car market decreased by 17%. In March, however, there was a light recovery in the market. The pre-tax profit of the segment for the first quarter of 2021 was 1.2 million euros, exceeding the profit for the comparable period of the previous year by 0.9 million euros. The strong result for the first quarter of 2021 can be attributed to the fact that there were no major delivery difficulties among the brands sold by the car trade segment of the Group. Profits were helped by the situation where new car inventories were not too high compared to market demand and there was no reason for additional discount campaigns. Footwear trade The sales revenue of the footwear trade segment was 1.0 million euros in the first quarter of 2021, decreasing by 38.5% compared to the previous year. The loss for the first quarter was 0.6 million euros, which is 0.3 million euros better result than in the same period last year. Sales revenue in the first quarter was affected by a significant decrease in the number of store visitors due to declining consumer demand and government's recommendations to restrict movement in the conditions of the spread of COVID-19. In March, at the beginning of the spring season, all stores were closed. Only the newly opened e-shops remained operational, the results of which were as expected. Real estate The sales revenue earned in the real estate segment outside the Group in the first quarter of 2021 was 1.2 million euros. Sales revenue decreased by 7.7% compared to the previous year. The pre-tax profit of the real estate segment in the first quarter of 2021 was 2.5 million euros. Compared to the reference period, profit decreased by 5.7%. The decline in the segment’s sales revenue and profit was again brought about by the restrictions imposed by the Government of the Republic to prevent the spread of the coronavirus, which meant the closure of shopping centres as of 11 March. Pharmacies, grocery stores, optician shops, pet stores, and sales points of telecommunications enterprises remained open in the centres. Service companies may continue to operate, ensuring a 25% occupancy requirement. Catering establishments are only open for selling food for takeaway. The restrictions have most affected the Tartu Kaubamaja department store, where the number of visitors to has decreased by almost 30% in the first quarter. The decrease in the number of visitors to Viimsi Shopping Centre was less than 20%. In addition to the decrease in sales revenue, the decrease in the segment’s profit in the first quarter was caused by the increase in depreciation due to the revaluation of assets at the end of last year. CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION In thousands of euros 31.03.202131.12.2020ASSETS Current assets Cash and cash equivalents26,07232,757Trade and other receivables15,77415,894Inventories84,99277,334Total current assets126,838125,985Non-current assets Long-term receivables and prepayments323335Investments in associates1,7601,712Investment property60,40860,347Property, plant and equipment388,462388,757Intangible assets20,27620,148Total non-current assets471,229471,299TOTAL ASSETS598,067597,284 LIABILITIES AND EQUITY Current liabilities Borrowings51,65749,402Trade and other payables122,936102,841Total current liabilities 174,593152,243Non-current liabilities Borrowings222,394217,349Deferred tax liabilities4,4084,408Provisions for other liabilities and charges277277Total non-current liabilities 227,079222,034TOTAL LIABILITIES401,672374,277Equity Share capital16,29216,292Statutory reserve capital2,6032,603Revaluation reserve102,037102,630Currency translation differences-149-149Retained earnings75,612101,631TOTAL EQUITY196,395223,007TOTAL LIABILITIES AND EQUITY598,067597,284 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME In thousands of euros 3 months 20213 months 2020 Revenue190,766175,496 Other operating income205243 Cost of merchandise-145,316-134,030 Services expenses-11,526-10,534 Staff costs-20,837-18,233 Depreciation, amortisation and impairment losses-9,857-7,991 Other expenses-250-231 Operating profit3,1854,720 Finance income1 Finance costs-1,076-697 Share of net profit of associates accounted for using the equity method4855 Profit before tax2,1584,078 Income tax expense-4,333-5,821 NET LOSS FOR THE FINANCIAL YEAR-2,175-1,743 Other comprehensive income: Items that will not be subsequently reclassified to profit or loss Other comprehensive income for the financial year00 TOTAL COMPREHENSIVE LOSS FOR THE FINANCIAL YEAR-2,175-1,743Basic and diluted earnings per share (euros)-0.05-0.04 Raul Puusepp Chairman of the Board Phone +372 731 5000 Attachment Börs_Kaubamaja_1Q2021_eng
The agreement expands Allworth’s footprint in the San Francisco Bay AreaSACRAMENTO, Calif., April 13, 2021 (GLOBE NEWSWIRE) -- Allworth Financial, the 4th fastest growing RIA in America1, has acquired Shone Wealth Management of Walnut Creek, California. Founded in 2005 by CEO Mark Shone, the firm specializes in comprehensive fiduciary retirement planning and client-focused investment management advice. The team has grown to manage over $340 million in assets under management and serves approximately 300 client households. “We are excited to be partnering with a firm that shares our vision of providing comprehensive financial guidance across the country,” said Allworth Co-CEO and Co-founder, Scott Hanson. “It is a terrific fit both culturally and geographically, and we welcome Mark Shone and the Shone Wealth Management team.” 28-year old Allworth Financial, with nearly $11 billion in AUM, and some 13,000 clients nationwide, recently partnered with New York-based private equity firm, Lightyear Capital, and Ontario Teachers’ Pension Plan. “I’ve known Allworth CEOs Scott Hanson and Pat McClain for a long time. They laid out a clear and forward-thinking vision for my future, the future of my team, and for our clients,” said Mark Shone, CEO of Shone Wealth Management. “Our clients and staff will all benefit from this partnership, and that made it an easy decision for us.” About Allworth Financial With its direct and educational approach to advising, Allworth Financial is a full-service independent investment financial advisory firm that specializes in retirement planning, investment advising, tax planning & preparation, estate planning, and 401(k) management. With $11 billion in AUM, Allworth delivers long and short-term investment planning solutions and guidance to help clients achieve their goals and plan strategically for retirement 1 According to Financial Advisor Magazine (https://www.fa-mag.com/news/fa-s-top-10-fastest-growing-rias-57532.html?section=3&page=8) CONTACT: Sean Harvey Allworth Financial 5102921910 firstname.lastname@example.org
Debary, FL, April 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- World Oil Group, Inc. (OTC Pinksheets WOGI) announced today that it has canceled 2.12 billion or 71.8% of its common shares ahead of its first acquisition, leaving the issued and outstanding at 833,262,060 common shares. The company has also reduced its authorized shares down to 1 billion, from 5 billion. CEO Claudio Aballay stated this reduction was done to accommodate the new company’s management which also plans additional cancellations of common stock. Our transfer agent will reflect these changes in the coming days and the Florida secretary of state is in receipt of our changes. Claudio also stated that “World Oil Group, Inc. has no toxic debt and will not be doing a reverse split.” Safe Harbor Statement This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Forward-Looking Statements This press release may contain forward-looking statements, including information about management's view of World Oil Group Inc.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of World Oil Group Inc., its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on World Oil Group Inc.’s future results. The forward-looking statements included in this press release are made only as of the date hereof. World Oil Group Inc. cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, World Oil Group Inc. undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by World Oil Group Inc. Claudio Aballay 407-777-9228 Info@worldoilgroup.com
Qosina, a global supplier of OEM single-use components to the medical and pharmaceutical industries, is pleased to announce a new extension to their product portfolio, developed specifically for the needs of the single-use bioprocess industry. Qosina now offers a comprehensive selection of components for the design, development and manufacture of single-use systems (SUS).
MARKHAM, Ontario, April 13, 2021 (GLOBE NEWSWIRE) -- Sangoma Technologies Corporation (“Sangoma”) (TSXV: STC), a trusted leader in delivering cloud-native Communications-as-a-Service (“CaaS”) solutions for businesses of all sizes, today announced that TMC, a global, integrated media company, has named their cloud-native platform as a 2021 CUSTOMER Product of the Year Award and INTERNET TELEPHONY SD-WAN Product of the Year Award winner. Sangoma’s one-of-a-kind, CaaS platform offers a complete portfolio of communications, collaboration, and integration solutions for the modern enterprise. Their innovative technologies provide pure to on-premises deployment options, browser-based video meetings, remote workspaces, text messaging, connected worker applications, and more cutting-edge solutions to today’s business challenges. In addition to the built-in SD-WAN which is a part of their on-premises cloud platform, they also offer extended SD-WAN capabilities that optimize network speed, quality, and reliability with plug and play installation. “We are thrilled to be recognized by TMC with these awards,” said Michelle Accardi, President and Chief Revenue Officer of Star2Star, a Sangoma company. “Sangoma is committed to continuously improving the customer experience with more innovative technology solutions that streamline communications and enhance collaboration across all business channels.” The 2021 CUSTOMER Product of the Year Award recognizes vendors that are advancing the call center, CRM, and teleservices industries one solution at a time. The award highlights products which enable their clients to meet and exceed the expectations of their customers. The INTERNET TELEPHONY SD-WAN Product of the Year Award is bestowed upon companies that demonstrate the innovation, vision, and execution to deliver software-based networking tools to support different and unique communities of interest. “On behalf of TMC, it is my pleasure to honor Sangoma with a 2021 Product of the Year Award and SD-WAN Product of the Year Award,” said Rich Tehrani, CEO, TMC. “Its cloud-native platform solution has proven deserving of this elite status and I look forward to continued innovation from Sangoma in 2021 and beyond.” About Sangoma In an increasingly complex world, businesses need to simplify the way they communicate, collaborate, and seamlessly integrate third-party applications into their operations and processes. Sangoma Technologies meets that need by being a trusted leader in delivering cloud-native, value-based Communications as a Service (CaaS) solutions for businesses of all sizes. Sangoma’s cloud-native solutions include a full suite of as-a-service offerings including: voice, video, persistent chat, meetings, connected worker integrations, trunking, fax, virtual desktops, contact center, access control and much more. In addition, Sangoma offers a full line of communications products, including premise-based UC systems, a full line of desk phones and headsets, and a complete connectivity suite (gateways/SBCs/telephony cards). Sangoma is also the primary developer and sponsor of Asterisk and FreePBX, the world’s two most widely used open-source communication software projects. Sangoma has been named to such prestigious lists as the Deloitte Enterprise Technology Fast 15, Omdia Top 10 UCaaS Service Provider, and Forbes Most Promising Companies. Recognition of its pioneering innovation in the enterprise cloud market extends to major industry analyst indicators such as being awarded the Frost and Sullivan Best Practices Unified Communications and Collaboration Competitive Strategy Leadership Award and the Gartner Magic Quadrant for UCaaS, Worldwide. Sangoma Technologies Corporation is publicly traded on the TSXV (TSXV: STC). Additional information on Sangoma can be found at: www.sangoma.com. email@example.com
Kinetic by Windstream, a long-trusted community partner for high-speed internet, announced two new projects to bring gigabit speeds through broadband expansion in Greene County, Pennsylvania.
SEOUL, South Korea, April 13, 2021 (GLOBE NEWSWIRE) -- NKMax, a biotechnology company harnessing the power of the body's immune system through the development of Natural Killer (NK) cell therapies, announced the expansion of its clinical trial and supply agreement with Merck KGaA, Darmstadt, Germany to conduct a Phase I/IIa open-label, single-center trial evaluating the safety and anti-tumor activity of SNK01 (autologous natural killer cells) in combination with either gemcitabine/carboplatin or gemcitabine/carboplatin plus cetuximab (ERBITUX®)* in patients with locally advanced or metastatic non-small cell lung cancer (NSCLC) that has progressed after prior tyrosine kinase inhibitor (TKI) therapy. Preliminary in vitro data from an NKMax study suggested that EGFR-TKI resistant NSCLC cells highly express EGFR and are more efficiently killed by SNK01 in the presence of cetuximab through antibody-dependent cellular cytotoxicity (ADCC). Dr. Jae-Cheol Lee, M.D., Ph.D. from the Department of Oncology and Lung Cancer Center at Asan Medical Center, Seoul, Korea will be acting as principal investigator. This study was approved by Korea’s regulatory agency, MFDS, earlier this year as well as by the Asan Hospital IRB. The first patient will soon be enrolled. “We are pleased to continue studying SNK01 in combination with well-known cancer therapies,” said Sangwoo Park, Chief Executive Officer of NKMax. “Our strategy is to first take our autologous, non-genetically modified NK cell therapy into the clinic for cancer, followed by our allogeneic program later in 2021.” Under the terms of this agreement, NKMax will be the study sponsor, and Merck KGaA, Darmstadt, Germany will supply cetuximab for a Phase I/IIa clinical trial in NSCLC patients for weekly dosing with 250 mg/m2 cetuximab administered by intravenous injection. The trial will include patients whose disease has progressed after prior TKI therapy for EGFR, ALK or ROS1 alterations at least once will be enrolled to receive SNK01, chemotherapy, and cetuximab. The primary objective of the trial is to assess the safety and drug tolerance of SNK01 administered in combination with cytotoxic chemotherapy or cytotoxic chemotherapy plus cetuximab. The secondary objective of the trial will be to obtain efficacy assessments on the combination treatments. Both parties will have access to the clinical trial data. NKMax has developed its own proprietary NK cell expansion and activation technology platform which allows it to produce unprecedented commercial amounts of autologous and allogenic NK cells from numerous donors which have near total expression of activating receptors like CD16, NKG2D, NKp30, and NKp46. In addition, its unique technology raises the cytotoxicity of the expanded NK cells with little loss during cryopreservation. * ERBITUX® is not approved for any use in metastatic non-small cell lung cancer anywhere in the world. About NKMax NKMax Co. Ltd and its subsidiary U.S. company NKGen Biotech are clinical stage biotechnology companies dedicated to restoring and enhancing overall immune integrity. Our proprietary natural killer cell expansion and activation technology achieves infinite-fold natural killer cell expansion with greatly enhanced cytotoxicity across our autologous and allogenic products which are all derived from peripheral blood. Our first in class autologous product, SNK01, is currently in a Phase I clinical trial in advanced refractory solid tumors and in a Phase I/IIa combination trial with pembrolizumab in Stage IV non-small cell lung cancer. We have also added another cohort of SNK01 in combination with pembrolizumab or avelumab in refractive PD-L1 positive or PD-L1 negative solid tumors and are planning to initiate a Phase 1 combination trial of SNK01 and AFM24 in EGFR positive solid tumors. Our companies and their commercially licensed cGMP facilities are located in Seongnam South Korea and Santa Ana, California, USA. Contact:Denise Chua, MBA, CLS, MT (ASCP)Vice President, Marketing firstname.lastname@example.org
Seeds, a financial technology firm that empowers financial advisors to offer their clients a more intentional and personalized investing experience, has partnered with AllianceBernstein (AB) to further its efforts toward offering multi-asset-class, values-aligned portfolios to financial advisors. Through the partnership, advisors on the Seeds platform will gain access to a wider range of investment options to meet their clients’ environmental, social, and governance (ESG)-based investing objectives.
Crow Holdings’ multifamily development company, Trammell Crow Residential (TCR) announced today that its Alexan Diagonal Crossing development in Boulder, Colorado has reached stabilization in less than a year. The Diagonal Crossing master development contains market-rate apartments under the Alexan brand, a 105-unit affordable apartment community, three site parcels donated to local nonprofits and LEED-Gold certification.
Textron Aviation announces a special edition 75th anniversary option for its Beechcraft Bonanza G36 single-engine piston aircraft.
Downing Strategic Micro-Cap Investment Trust Plc LEI Code: 213800QMYPUW4POFFX69 Net Asset Values The Company announces the following, all of which is unaudited: Total Assets - including current period revenue* at 12 April 2021£45.61mNet Assets - including current period revenue* at 12 April 2021£45.61mNumber of shares in issue (excluding treasury):51,978,201 The Net Asset Value (NAV) per share at 12 April 2021 was: Per Ordinary share (bid price) - including current period revenue*87.75pPer Ordinary share (bid price) - excluding current period revenue*86.57p Ordinary share price 78.00pPremium/(Discount) to NAV (including current period revenue)(11.11%) * Current period revenue covers the period 01/03/2020 to 12/04/2021 and includes undistributed revenue in respect of that period.