UPDATE: Ethan Allen Plans to Expand Manufacturing Production in Vermont, Announces New Job Openings and Increases Wages

DANBURY, Conn., Sept. 27, 2021 (GLOBE NEWSWIRE) — Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) today reaffirmed its commitment to maintain and grow its North American workshops where customization helps create relevant and quality products. To further this commitment, Ethan Allen is actively recruiting new employees for its manufacturing operations in both Beecher Falls and Orleans, Vermont despite escalating manufacturing costs.

Farooq Kathwari, Ethan Allen’s Chairman, President and CEO stated, “We are pleased to see our business continue to be strong as we work to deliver customer orders and help them make their home a haven. Our commitment to manufacturing most of our own products has proven both a strategic and a branding advantage. We are fortunate to have maintained and grown our manufacturing facilities in North America which enables us to be in a better position to serve our clients. We also continue to make major investments in technology.”

During a recent visit to Vermont, Kathwari was reminded of the Company’s vibrant local history, which spans nearly 90 years. Ethan Allen is proud to be one of the Northeast Kingdom’s largest employers. “We’re named after one of Vermont’s most revered historical figures, and we started our business in Beecher Falls in 1932,” says Kathwari. “Many of the associates in our Vermont plants are from families that have worked with us for generations.”

Kathwari continued, “However, during the last twenty years our production in Vermont has had major declines due to a number of factors including the shortage of labor and the escalation of manufacturing costs. Our growth and future expansion depends on attracting and retaining strong talent while also controlling major costs of manufacturing in Vermont including escalating state income taxes, property taxes, and costs of electricity.”

As part of its strategy to attract and retain strong talent, the Company recently increased its starting wage to $16.00 an hour as well as provided increases for those more experienced associates, a move that Kathwari hopes will attract and retain a new generation of craftspeople to Ethan Allen’s team of artisans. “Competitive wages, along with our strong focus on safety, excellent medical benefits, steadfast environmental commitment, and unrivaled reputation for quality has always made our workshops an exceptional place to build a career,” Kathwari noted.

In addition to two manufacturing workshops in Vermont, Ethan Allen also operates a Design Center on the western side of the state in Shelburne. Ethan Allen values the contributions of its Vermont associates and looks forward to continued growth in the region.

“I am pleased that we have made the decision to add more associates and increase base wages in Vermont, and I am confident that this will help us attract additional talented people including those just getting started,” Kathwari concluded.

ABOUT ETHAN ALLEN
Ethan Allen Interiors Inc. (NYSE: ETD) is a leading interior design company, manufacturer, and retailer in the home furnishings marketplace. The Company is a global luxury home fashion brand that is vertically integrated from product design through home delivery, which offers its customers stylish product offerings, artisanal quality, and personalized service. The Company provides complimentary interior design service to its clients and sells a full range of home furnishings through a retail network of approximately 300 design centers in the U.S. and abroad as well as online at ethanallen.com. Ethan Allen owns and operates nine manufacturing facilities located in the U.S., Mexico, and Honduras, including one sawmill, one rough mill, and a lumberyard. Approximately 75% of its products are manufactured or assembled in these North American facilities. For more information on Ethan Allen’s products and services, visit www.ethanallen.com.

Contact:
Geri Moran
VP, Marketing & PR
203.743.8374
[email protected]



Activision Blizzard Commits to Expanded Workplace Initiatives, Reaches Agreement with the EEOC

Activision Blizzard Commits to Expanded Workplace Initiatives, Reaches Agreement with the EEOC

The Company Will Also Develop Tools and Training Programs to Assist Efforts to Improve Workplace Experiences

SANTA MONICA, Calif.–(BUSINESS WIRE)–
Activision Blizzard (Nasdaq: ATVI) today confirmed that, as part of its effort to have the most welcoming, inclusive workplace, it has reached an agreement with the U.S. Equal Employment Opportunity Commission (EEOC) to settle claims and to further strengthen policies and programs to prevent harassment and discrimination in the company’s workplace. Under the agreement, the principal terms of which are summarized in Attachment A to this press release, Activision Blizzard has committed to create an $18 million fund to compensate and make amends to eligible claimants. Any amounts not used for claimants will be divided between charities that advance women in the video game industry or promote awareness around harassment and gender equality issues as well as company diversity, equity, and inclusion initiatives, as approved by the EEOC. The agreement is subject to court approval.

The company also announced an initiative to develop software tools and training programs to improve workplace policies and practices for employers across the technology industry.

Commenting on the agreement, Activision Blizzard CEO Bobby Kotick said: “There is no place anywhere at our company for discrimination, harassment, or unequal treatment of any kind, and I am grateful to the employees who bravely shared their experiences. I am sorry that anyone had to experience inappropriate conduct, and I remain unwavering in my commitment to make Activision Blizzard one of the world’s most inclusive, respected, and respectful workplaces.”

Kotick added: “We will continue to be vigilant in our commitment to the elimination of harassment and discrimination in the workplace. We thank the EEOC for its constructive engagement as we work to fulfill our commitments to eradicate inappropriate conduct in the workplace.”

In addition to the agreed funds, the company is taking additional steps, including:

  • Upgrading policies, practices, and training to further prevent and eliminate harassment and discrimination in its workplaces, including implementing an expanded performance review system with a new equal opportunity focus;
  • Providing ongoing oversight and review of the Company’s training programs, investigation policies, disciplinary framework and compliance by appointing a third-party equal opportunity consultant whose findings will be regularly reported to our Board of Directors as well as the Commission.

About Activision Blizzard

Our mission, to connect and engage the world through epic entertainment has never been more important. Through communities rooted in our video game franchises we enable hundreds of millions of people to experience joy, thrill and achievement. We enable social connections through the lens of fun, and we foster purpose and a sense of accomplishment through healthy competition. Like sport, but with broader accessibility, our players can find purpose and meaning through competitive gaming. Video games, unlike any other social or entertainment media, have the ability to break down the barriers that can inhibit tolerance and understanding. Celebrating differences is at the core of our culture and ensures we can create games for players of diverse backgrounds in the 190 countries our games are played.

As a member of the Fortune 500 and as a component company of the S&P 500, we have an extraordinary track record of delivering superior shareholder returns for over 30 years.

Our enduring franchises are some of the world’s most popular, including Call of Duty®, Crash Bandicoot™, World of Warcraft®, Overwatch®, Hearthstone®, Diablo®, StarCraft®, Candy Crush™, Bubble Witch™, Pet Rescue™ and Farm Heroes™. Our sustained success has enabled the company to support corporate social responsibility initiatives that are directly tied to our franchises. As an example, our Call of Duty Endowment has helped find employment for over 85,000 veterans.

Learn more information about Activision Blizzard and how we connect and engage the world through epic entertainment on the company’s website, www.activisionblizzard.com.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. We may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from the Company’s current expectations. Such factors include, but are not limited to: court approval of the agreement with the EEOC and successful implementation of the requirements of the agreement with the EEOC as described in this press release, in Attachment A to this press release, and in the agreement with the EEOC. Any forward-looking statements that the Company makes in this press release speak only as of the date of this press release. The Company assumes no obligation to update forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release.

Attachment A

Summary of Agreement

Below is a summary of the principal terms of the agreement with the EEOC, which is subject to approval by the United States District Court for the Central District of California.

  • Creation of an $18 million fund, with any amounts not used for claimants divided between contributions to non-profit organizations whose mission involves advancing women in the video game and tech sectors or who promote awareness around sexual harassment and gender equality and further investments in diversity and inclusion efforts at the Company that go beyond what we agreed to with the EEOC, all as approved by the EEOC.
  • The Company will upgrade policies, practices, and training to prevent and eliminate harassment and discrimination in the workplace, including implementing an expanded performance review system with a new equal opportunity focus;
  • The Company will engage a neutral, third-party equal employment opportunity consultant – a non-employee who must be approved by the EEOC – who will provide ongoing oversight of the Company’s compliance with the agreement. This independent consultant’s findings will be reported directly to the EEOC and Activision Blizzard’s Board of Directors; and
  • The Company will hire an internal EEO Coordinator with relevant experience in gender discrimination, harassment, and related retaliation to assist the Company and the neutral, third-party EEO consultant with implementation of the agreement’s requirements.

Except as otherwise noted in the agreement, its terms will remain in effect for three years from its effective date. The full text of the agreement, which sets out the commitments in detail, is available in the Investor Relations section of the Company’s website at investor.activision.com/consent-decree-with-EEOC.

Investors and Analysts:

[email protected]

or

Press:

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Entertainment Other Entertainment Technology Other Technology Human Resources Electronic Games

MEDIA:

Ford to Lead America’s Shift to Electric Vehicles with New Mega Campus in Tennessee and Twin Battery Plants in Kentucky; $11.4B Investment to Create 11,000 Jobs and Power New Lineup of Advanced EVs

Ford to Lead America’s Shift to Electric Vehicles with New Mega Campus in Tennessee and Twin Battery Plants in Kentucky; $11.4B Investment to Create 11,000 Jobs and Power New Lineup of Advanced EVs

  • Ford to bring electric zero-emission vehicles at scale to American customers with the largest, most advanced, most efficient auto production complex in its 118-year history
  • Called Blue Oval City, the complex will be constructed on a nearly 6-square-mile site in west Tennessee and build next-generation electric F-Series pickups and advanced batteries
  • Moreover, a new BlueOvalSK Battery Park is to be built in central Kentucky consisting of twin battery plants that will power a new lineup of Ford and Lincoln EVs
  • Ford and SK Innovation plan to invest $11.4 billion and create nearly 11,000 new jobs – close to 6,000 in Stanton, Tennessee, and 5,000 in Glendale, Kentucky; production of the new electric vehicles and advanced lithium-ion batteries will begin in 2025
  • Three new BlueOvalSK battery plants – two in Kentucky and one in Tennessee – will enable 129 gigawatt hours a year of U.S. production capacity for Ford
  • These investments build on Ford’s recent announcements that it will work with Redwood Materials on closed-loop domestic battery recycling and make a new investment to increase production of the F-150 Lightning pickup in Dearborn, Michigan, starting next year
  • Ford is investing $90 million in Texas – $525 million total in the U.S. to train skilled technicians to service connected, electric zero-emission vehicles

 

DEARBORN, Mich.–(BUSINESS WIRE)–
Ford Motor Company is announcing plans to bring electric vehicles at scale to American customers with two new massive, environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles.

Ford plans to make the largest ever U.S. investment in electric vehicles at one time by any automotive manufacturer and, together with its partner, SK Innovation, plans to invest $11.4 billion and create nearly 11,000 new jobs at the Tennessee and Kentucky mega-sites, strengthening local communities and building on Ford’s position as America’s leading employer of hourly autoworkers.

An all-new $5.6 billion mega campus in Stanton, Tenn., called Blue Oval City, will create approximately 6,000 new jobs and reimagine how vehicles and batteries are manufactured.

Blue Oval City will become a vertically integrated ecosystem for Ford to assemble an expanded lineup of electric F-Series vehicles and will include a BlueOvalSK battery plant, key suppliers and recycling. Ford’s new Tennessee assembly plant is designed to be carbon neutral with zero waste to landfill once fully operational.

In central Kentucky, Ford plans to build a dedicated battery manufacturing complex with SK Innovation – the $5.8 billion BlueOvalSK Battery Park – creating 5,000 jobs. Twin battery plants on the site are intended to supply Ford’s North American assembly plants with locally assembled batteries for powering next-generation electric Ford and Lincoln vehicles. Investments in the new Tennessee and Kentucky battery plants are planned to be made via BlueOvalSK, a new joint venture to be formed by Ford and SK Innovation, subject to definitive agreements, regulatory approvals and other conditions.

“This is a transformative moment where Ford will lead America’s transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing,” said Ford Executive Chair Bill Ford. “With this investment and a spirit of innovation, we can achieve goals once thought mutually exclusive – protect our planet, build great electric vehicles Americans will love and contribute to our nation’s prosperity.”

This news comes amid strong demand for the all-new Ford F-150 Lightning truck, E-Transit and Mustang Mach-E electric vehicles, and is on top of Ford’s recent announcement to expand production capacity and add jobs at the Ford Rouge Electric Vehicle Center in Dearborn, Mich.

“This is our moment – our biggest investment ever – to help build a better future for America,” said Jim Farley, Ford president and CEO. “We are moving now to deliver breakthrough electric vehicles for the many rather than the few. It’s about creating good jobs that support American families, an ultra-efficient, carbon-neutral manufacturing system, and a growing business that delivers value for communities, dealers and shareholders.”

Ford’s $7 billion investment is the largest ever manufacturing investment at one time by any automotive manufacturer in the U.S. Part of Ford’s more-than-$30 billion investment in electric vehicles through 2025, this investment supports the company’s longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality, backed by science-based targets in line with the Paris Climate Agreement. Overall, Ford expects 40% to 50% of its global vehicle volume to be fully electric by 2030.

“We are proud to be partnering with Ford as they open a new chapter in automobile history,” said Dongseob Jee, president of battery business, SK Innovation. “We are excited to be taking this decisive leap together, as partners, and to bring about our common vision for a cleaner planet. Our joint venture, BlueOvalSK, will embody this spirit of collaboration. We look forward to growing our trust-based partnership by delivering on our market-leading value proposition, experience and cutting-edge expertise.”

All-new Ford Blue Oval City

Reimagining how electric vehicles – and the batteries that power them – are designed, manufactured and recycled, Ford is creating an all-new electric vehicle manufacturing ecosystem.

Blue Oval City will be among the largest auto manufacturing campuses in U.S. history. Like the iconic Rouge complex in Michigan did a century earlier, Blue Oval City will usher in a new era for American manufacturing.

The 3,600-acre campus covering nearly 6 square miles will encompass vehicle assembly, battery production and a supplier park in a vertically integrated system that delivers cost efficiency while minimizing the carbon footprint of the manufacturing process. The assembly plant will use always-on cloud-connected technologies to drive vast improvements in quality and productivity. The mega campus is designed to add more sustainability solutions, including the potential to use local renewable energy sources such as geothermal, solar and wind power.

“West Tennessee is primed to deliver the workforce and quality of life needed to create the next great American success story with Ford Motor Company and SK Innovation,” said Tennessee Gov. Bill Lee. “This is a watershed moment for Tennesseans as we lead the future of the automotive industry and advanced manufacturing.”

Creating approximately 6,000 jobs, Blue Oval City will be a hive of technical innovation to build next-generation electric F-Series trucks. This growth opportunity will allow Ford to reach new customers with an expanded electric truck lineup.

“Blue Oval City’s assembly plant will harness Ford’s global manufacturing expertise and cutting-edge technologies to deliver cost efficiencies and the quality that our customers expect,” said Kumar Galhotra, Ford president, Americas & International Markets Group. “This will enable Ford to lead in the race to bring dependable, affordable and advanced electric vehicles to even more Americans.”

Bigger assembly plant, smaller environmental impact

Despite its size, the assembly plant at Blue Oval City is designed to have as minimal an impact as possible on the surrounding environment – and even to generate positive impacts. The assembly plant’s goal is to have a regenerative impact on the local environment through biomimicry in design of the facility. From the start of production in 2025, Ford’s goal is for the assembly plant to be carbon neutral.

Through an on-site wastewater treatment plant, the assembly plant aspires to make zero freshwater withdrawals for assembly processes by incorporating water reuse and recycling systems. Zero-waste-to-landfill processes will capture materials and production scrap at an on-site materials collection center to sort and route materials for recycling or processing either at the plant or at off-site facilities once the plant is operational.

Ford is collaborating with Redwood Materials, a leading battery materials company, to make electric vehicles more sustainable and affordable for Americans by localizing the supply chain network, creating recycling options for scrap and end-of-life vehicles, and ramping up lithium-ion recycling. Ford believes battery recycling is essential for the success of an electrified future and has the potential to offer significant economic benefits as well as help solve for end-of-life battery recycling.

BlueOvalSK Battery Park

Joining the Ford electric manufacturing revolution is a planned $5.8 billion, 1,500-acre BlueOvalSK battery manufacturing campus in Glendale, Ky., which is targeted to open in 2025.

Twin co-located plants will be capable of producing up to 43 gigawatt hours each for a total of 86 gigawatt hours annually. Together, these American-made batteries will power next-generation electric Ford and Lincoln vehicles.

Bringing 5,000 new jobs to Kentucky, BlueOvalSK Battery Park will be centrally located to support Ford’s North American assembly plants’ footprint.

“We thank Ford Motor Company and SK Innovation for their investment in Team Kentucky,” said Kentucky Gov. Andy Beshear. “This is the single largest investment in the history of our state and this project solidifies our leadership role in the future of the automotive manufacturing industry. It will transform our economy, creating a better Kentucky, with more opportunities, for our families for generations. Our economy is on fire – or maybe it’s electric. Our time is now. Our future is now.”

Technician investments in Texas and the U.S.

Ford is investing $90 million in Texas alone as part of a $525 million total investment across the U.S. during the next five years to transform America’s auto technician industry. The investment will go toward job training and career readiness initiatives for the current and next generation of technicians. These programs aim to develop highly skilled technicians and will support Ford’s growing portfolio of connected electric vehicles.

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 182,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.

About SK Innovation & Battery Business

Established as South Korea’s first oil refining company in 1962, SK Innovation engages in diverse areas of business, including exploration and production (E&P), batteries, and information and electronics materials. It owns SK Energy, South Korea’s No. 1 refining company; SK Global Chemical, the leader in the domestic petrochemical industry; SK Lubricants, a global lubricants company; SK Incheon Petrochem, a refining and chemical company; SK Trading International, a trader of crude oils and petrochemicals; and SK IE Technology, a global information and electronic material solution company. SK Innovation will split off its battery business on October 1 as a wholly owned subsidiary to accelerate business growth and promote corporate value. As part of their management system, SK Innovation pursues the maximization of happiness for all stakeholders. It is for this reason that SK Innovation recognizes the importance of and pays attention to social enterprise, a way to create social values through business.

For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.

Martin Gunsberg

313.316.5319

[email protected]

KEYWORDS: South Korea United States North America Asia Pacific Tennessee Kentucky Michigan Texas

INDUSTRY KEYWORDS: Off-Road Trucks & SUVs Automotive Manufacturing Other Transport Trucking Fleet Management Manufacturing Environment Transport Automotive Human Resources Professional Services Other Energy Alternative Vehicles/Fuels Alternative Energy Energy Other Automotive General Automotive Engineering Performance & Special Interest

MEDIA:

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Helmerich & Payne, Inc. Announces Upsize and Pricing of $550 Million Offering of 2.900% Senior Notes due 2031

Helmerich & Payne, Inc. Announces Upsize and Pricing of $550 Million Offering of 2.900% Senior Notes due 2031

TULSA, Okla.–(BUSINESS WIRE)–
Helmerich & Payne, Inc. (NYSE:HP) (“H&P” or the “Company”) announced today that it has priced its previously announced private offering (the “Offering”) of $550 million aggregate principal amount of 2.900% senior notes due 2031 (the “Notes”) to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The offering size was increased from the previously announced offering size of $500 million in aggregate principal amount.

The Company intends to use the net proceeds from the Offering, plus cash on hand, to redeem and retire all of the Company’s outstanding 4.65% Senior Notes due 2025 (the “2025 Notes”). As of the date of this press release, $487.1 million aggregate principal amount of the 2025 Notes are outstanding. The Offering is not conditioned on the redemption of the 2025 Notes.

The Offering is expected to close on September 29, 2021, subject to customary closing conditions.

The Notes have not been registered under the Securities Act or any state or foreign securities laws and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and any applicable state or foreign securities laws.

This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Offering is being made solely pursuant to a private offering circular and only to such persons and in such jurisdictions as are permitted under applicable law.

About Helmerich & Payne, Inc.

Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies.

Forward-Looking Statements

This release includes “forward-looking statements” within the meaning of the Securities Act and the Securities Exchange Act of 1934, as amended, and such statements are based on current expectations and assumptions that are subject to risks and uncertainties. All statements other than statements of historical facts included in this release, including, without limitation, statements regarding the closing of the Offering, the intended use of proceeds or other aspects of the Offering and the Notes, and the redemption of the 2025 Notes, are forward-looking statements. For information regarding risks and uncertainties associated with the Company’s business, please refer to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s filings with the Securities and Exchange Commission, including but not limited to its annual report on Form 10‑K, quarterly reports on Form 10‑Q and current reports on Form 8-K. As a result of these factors, the Company’s actual results may differ materially from those indicated or implied by such forward-looking statements. We undertake no duty to update or revise our forward-looking statements based on changes in internal estimates, expectations or otherwise, except as required by law.

IR Contact:

Dave Wilson, Vice President of Investor Relations

918-588-5190

[email protected]

KEYWORDS: Oklahoma United States North America

INDUSTRY KEYWORDS: Energy Other Manufacturing Manufacturing Oil/Gas

MEDIA:

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Live Oak Crestview Climate Acquisition Corp. Announces Closing of $200,000,000 Initial Public Offering

PR Newswire

MEMPHIS, Tenn., Sept. 27, 2021 /PRNewswire/ — Live Oak Crestview Climate Acquisition Corp. (the “Company”), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, announced today that it closed its initial public offering of 20,000,000 units at $10.00 per unit. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the climate and sustainability spaces which facilitate the Circular Economy, progress via the energy transition away from fossil fuels, enhance food chain continuity, recycling and alternative sourcing, as well as mitigate greenhouse gases and reduce plastic waste in the environment. The Company is led by Chief Executive Officer, Richard J. Hendrix, Chief Financial Officer, President and Secretary, Gary K. Wunderlich, Jr., Chief Operating Officer, Adam J. Fishman, Board member, Adam Klein, and Chairman of the Board, John P. Amboian.

The units are listed on the New York Stock Exchange (the “NYSE”) and commenced trading under the ticker symbol “LOCC.U” on September 23, 2021. Each unit consists of one share of the Company’s Class A common stock and one-third of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “LOCC” and “LOCC WS,” respectively.

Jefferies LLC and BofA Securities acted as the book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. 

The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at 877-821-7388 or by email at [email protected] or BofA Securities, Attention: Prospectus Department,  NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001 or by email at: [email protected].

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on September 22, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact

Live Oak Crestview Climate Acquisition Corp.
Gary K. Wunderlich, Jr.
Chief Financial Officer, President and Secretary
(901) 685-2865
[email protected]

Cision View original content:https://www.prnewswire.com/news-releases/live-oak-crestview-climate-acquisition-corp-announces-closing-of-200-000-000-initial-public-offering-301386106.html

SOURCE Live Oak Crestview Climate Acquisition Corp.

Amazon Welcomes Missouri Gov. Mike Parson to Republic, Mo. Fulfillment Center

Amazon Welcomes Missouri Gov. Mike Parson to Republic, Mo. Fulfillment Center

Facility has created over 1,400 good jobs in six weeks; will invest in at least 400 more before 2022

REPUBLIC, Mo.–(BUSINESS WIRE)–
Amazon’s new 1.3 million-square-foot fulfillment center in Republic, Missouri hosted Missouri Governor Mike Parson and state and local elected officials on Sept. 27 for a tour of STL3. Since it opened on Aug. 1, 2021, the facility has already created 1,400 good jobs. During the event, Amazon announced it will invest in at least 400 more jobs before the end of the year, creating more than 1,800 career opportunities by the holidays.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210927005836/en/

Missouri Gov. Mike Parson (center) tours Amazon's new fulfillment center - STL3 - in Republic, Mo. with STL3 General Manager Andrew Lee (right) and Republic Mayor Matt Russell (left). The facility has already created 1,400 good jobs that pay well with comprehensive benefits and offers upskilling programs to support associates' careers. It will create 400 more jobs by the holidays. Amazon has invested more than $2 billion into Missouri through infrastructure and compensation to its employees during the past decade, in addition to $1.5 billion being added into Missouri's state GDP with due to Amazon's investments. (Photo: Business Wire)

Missouri Gov. Mike Parson (center) tours Amazon’s new fulfillment center – STL3 – in Republic, Mo. with STL3 General Manager Andrew Lee (right) and Republic Mayor Matt Russell (left). The facility has already created 1,400 good jobs that pay well with comprehensive benefits and offers upskilling programs to support associates’ careers. It will create 400 more jobs by the holidays. Amazon has invested more than $2 billion into Missouri through infrastructure and compensation to its employees during the past decade, in addition to $1.5 billion being added into Missouri’s state GDP with due to Amazon’s investments. (Photo: Business Wire)

“This is yet another significant investment by Amazon in the state of Missouri and further demonstrates our state’s emergence as a leading logistics hub,” Governor Mike Parson said. “This expansion is an excellent opportunity for Missourians in the Southwest part of the state to join a company that offers good-paying jobs and great benefits. Amazon’s investments are transforming Republic and the Springfield area, and we look forward to helping Amazon continue to find success in our state.”

With the addition of the fulfillment center, which spans the equivalent of 22 football fields, Amazon has now created more than 9,000 full and part-time jobs in Missouri since 2010. STL3 processes about 42,000 products every day, which can increase to 70,000 products daily during the holidays.

During the event, attendees were able to see how employees in this type of fulfillment center, with the storage capacity equivalent of 262,000 refrigerators, pick, pack, and ship bulky or larger-sized customer items such as skateboards, area rugs, and bed frames.

Media Assets: View and Use B-Roll Footage and Photos from the Event: https://bit.ly/AmazonSTL3GovTour

“We have seen a surge of growth in Republic and the arrival of Amazon in our area is further testament to our bright future,” said Republic, Missouri Mayor Matt Russell. “It’s exciting to have a company of this magnitude not only investing in our people, but also in our broader community.”

The fulfillment center offers a starting wage of $15.50 an hour with Amazon averaging more than $18 an hour across its fulfillment centers, with comprehensive benefits from day-one, including healthcare, 401(k) with 50 percent match, and up to 20 weeks paid parental leave.

Amazon also plans to expand the education and skills training benefits it offers to its U.S. employees with a total investment of $1.2 billion by 2025. Through its popular Career Choice program, the company will fund full college tuition, as well as high school diplomas, GEDs, and English as a Second Language (ESL) proficiency certifications for its front-line employees—including those who have been at the company for just three months. Amazon is also adding three new education programs to provide employees with the opportunity to learn skills within data center maintenance and technology, IT, user experience and research design.

“Our associates are the heart of Amazon in Missouri and beyond,” said Amazon’s Republic General Manager, Andrew Lee. “We are thrilled to open our first fulfillment center in the Republic-Springfield area and empower our people with upskilling opportunities for a long career at Amazon.”

Prior to beginning operations at the new Republic fulfillment center, the company had invested more than $2 billion in Missouri including infrastructure and compensation to employees during the past decade (2010-2020). Additionally, $1.5 billion has been added into state GDP thanks to Amazon investments.

Other direct and statewide impacts include more than 24,500 small and medium-sized businesses and independent authors in Missouri growing their businesses with Amazon. In addition, there are more than 24,500 charitable organizations in Missouri customers can choose to support by shopping on AmazonSmile.

Candidates interested in working at Amazon’s Republic, Missouri fulfillment center may visit https://amazon.force.com/ to learn more and apply online.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit https://www.aboutamazon.com/and follow @AmazonNews.

Amazon.com, Inc.

Media Hotline

[email protected]

www.amazon.com/pr

KEYWORDS: United States North America Washington Missouri

INDUSTRY KEYWORDS: Supply Chain Management Online Retail Public Policy/Government Retail State/Local Logistics/Supply Chain Management Transport

MEDIA:

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Photo
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Missouri Gov. Mike Parson (center) tours Amazon’s new fulfillment center – STL3 – in Republic, Mo. with STL3 General Manager Andrew Lee (right) and Republic Mayor Matt Russell (left). The facility has already created 1,400 good jobs that pay well with comprehensive benefits and offers upskilling programs to support associates’ careers. It will create 400 more jobs by the holidays. Amazon has invested more than $2 billion into Missouri through infrastructure and compensation to its employees during the past decade, in addition to $1.5 billion being added into Missouri’s state GDP with due to Amazon’s investments. (Photo: Business Wire)

WillScot Mobile Mini Holdings to Participate in the Deutsche Bank Leveraged Finance Conference

PHOENIX, Sept. 27, 2021 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini Holdings” or the “Company”) (Nasdaq: WSC), a North American leader in turnkey modular space and portable storage solutions, today announced that Tim Boswell, President & Chief Financial Officer, will be presenting and hosting private meetings during the 2021 Deutsche Bank Leveraged Finance Conference on Monday, October 4, 2021. The presentation will take place at 1:15 p.m. EDT.

About WillScot Mobile Mini Holdings

WillScot Mobile Mini Holdings trades on the Nasdaq stock exchange under the ticker symbol “WSC.” Headquartered in Phoenix, Arizona, the Company is a leading business services provider specializing in innovative flexible workspace and portable storage solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of approximately 275 branch locations and additional drop lots throughout the United States, Canada, Mexico, and the United Kingdom.

Additional Information and Where to Find It

Additional information can be found on the company’s website at www.willscotmobilemini.com 

Contact Information

Investor Inquiries:

Nick Girardi
[email protected]

Media Inquiries:

Scott Junk
[email protected]



AVCtechnologies’ Kandy to Display its Latest Innovations for Enterprise Communications and Collaboration in the Enterprise Connect Virtual Expo Hall

ATLANTA, Sept. 27, 2021 (GLOBE NEWSWIRE) — American Virtual Cloud Technologies, Inc.’s (AVCtechnologies) (Nasdaq: AVCT), Kandy Communications business unit (Kandy), a global leader in secure and intelligent cloud communications, will demonstrate its latest innovations for its award-winning cloud based UCaaS, CCaaS, and CPaaS solutions that enable secure digital transformation of enterprise communications. Kandy will be highlighting Kandy Drops, a one-click-one-call solution for its web-based Live Support omni channel contact center, Direct Routing as a Service (DRaaS) for Microsoft Teams, and SIP Trunking as a Service (STaaS). With Kandy Drops, end users simply scan a QR code with their smartphone or click a link in an email to be connected directly with an agent.

Jeff Singman, SVP Sales & Marketing for Kandy said, “We are excited to be participating at Enterprise Connect for the first time this year as Kandy Communications since our acquisition by AVCtechnologies from Ribbon Communications, Inc. in December 2020. Together with our valued channel partners, our solutions are helping enterprises of all sizes with the digital transformation of their communications systems, boosting productivity, customer engagement, and lowering the total cost of ownership.”

Enterprise Connect Virtual takes place September 27-29, 2021. Click to register for the free virtual event and enter code KANDY when prompted.

Talk to Kandy in the Kandy Virtual VIP Suite at Enterprise Connect. Click to schedule a time with an expert and discuss your real time communications needs, and learn how Kandy enables secure digital transformation of enterprise communications that enhances customer engagement, and boosts employee productivity.

Stay connected with Kandy Communications on Twitter, LinkedIn, YouTube, and Facebook.

About Kandy

Kandy is a cloud-based, real-time communications platform offering proprietary UCaaS, CPaaS, and CCaaS capabilities. Kandy enables service providers, enterprises, software vendors, systems integrators, partners and developers to enrich their applications and services with real-time contextual communications, providing a more engaging user experience. With Kandy, companies of all sizes and types can quickly embed real-time communications capabilities into their existing applications and business processes. For more information visit www.kandy.io

About American Virtual Cloud Technologies, Inc.

American Virtual Cloud Technologies (Nasdaq: AVCT) is a premier global IT solutions provider offering a comprehensive bundle of services including unified cloud communications, managed services, cybersecurity, and enhanced connectivity. Our mission is to provide global technology solutions with a superior customer experience. For more information, visit www.avctechnologies.com

About Enterprise Connect

For more than 30 years, Enterprise Connect has been the leading conference and exhibition for enterprise communications and collaboration in North America. Enterprise Connect brings corporate IT decision makers together with the industry’s vendors, analysts and consultants to focus on the issues central to enterprise communications. Enterprise Connect owns and produces No Jitter, (nojitter.com), providing daily blogging and analysis of enterprise communications, and it also serves the community with a weekly email newsletter, research surveys and a Webinar Series. For more information, visit enterpriseconnect.com/orlando. Enterprise Connect is brought to you by Informa Tech.

AVCT Contact: [email protected]



Brunswick Corporation and Mercury Marine Win Soundings Trade Only Most Innovative Marine Company Award

TAMPA, Sept. 27, 2021 (GLOBE NEWSWIRE) — For the second time in three years, Brunswick Corporation and Mercury Marine have jointly won the Soundings Trade Only “Most Innovative Marine Company” award, tying for top honors during the first night of the International BoatBuilders’ Exhibition and Conference (IBEX) in Tampa. The panel of judges praised Brunswick and Mercury for a record-setting year in 2021 filled with multiple industry-changing product launches such as the Mercury 600hp V12 and the Sea Ray Sundancer 370 among others. Additionally, Brunswick and Mercury were praised for their commitment to the health and safety of their employees and their extraordinary efforts to continue to meet customer demand during the global pandemic.

“We are honored to win The Most Innovative Marine Company award for Brunswick and Mercury, and we thank the judges for selecting us for the second time in three years,” said Dave Foulkes, Brunswick Corporation Chief Executive Officer. “2021 has been another transformative year for our Company as we continue to redefine the recreational boating experience and attract new, more diverse consumers with the most advanced technology, the most comprehensive product portfolio, and innovative new ways to participate in boating.  This award is a testament to the commitment of our more than 15,000 global employees who, despite many challenges, continue to display the highest level of dedication to executing our mission of delivering innovation and inspiration on the water.”

“2021 has been a monumental year in Mercury’s 80+ year history capped by the launch of the industry-leading V12, 600hp Verado,” said Chris Drees, Mercury Marine president. “With our talented team and deep expertise across design, engineering and product development, I’m confident that we’ll continue to lead the industry in delivering the most innovative propulsion technology.”

“Our Innovation Awards were founded with the goal of looking beyond a company’s products and focusing on its depth and breadth of its business practices,” said Soundings Trade Only editor-in-chief Jeff Moser. “Over the last year, Brunswick Corp. has demonstrated a keen ability to empower its workforce—with the goal of taking a shared, forward-looking approach to the marine industry. The company has made smart acquisitions, released headline-grabbing new products, received multiple awards for workplace diversity and initiatives, expanded its innovation centers and Freedom Boat Club without losing sight of its core mission—getting more people on the water.”

About Brunswick

Headquartered in Mettawa, Ill., Brunswick Corporation’s leading consumer brands include Mercury Marine outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global parts and accessories including propellers and SmartCraft electronics; Advanced Systems Group, which includes industry-leading brands like MotorGuide, Attwood, Mastervolt, Blue Sea Systems, CZone, and ASG Connect system integrators; Land ’N’ Sea, BLA, Payne’s Marine, Kellogg Marine, and Lankhorst Taselaar marine parts distribution; Mercury and Quicksilver parts and oils; Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Heyday, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats; Boating Services Network, Freedom Boat Club and Boat Class.  For more information, visit brunswick.com.



Lee Gordon
Vice President – Brunswick Global Communications & Public Relations
Brunswick Office: 847-735-4003
Mercury Office: 920-924-1808
Cell: 904-860-8848
[email protected]

Berenson Acquisition Corp. I Announces Pricing of $250 Million Initial Public Offering

PR Newswire

NEW YORK, Sept. 27, 2021 /PRNewswire/ — Berenson Acquisition Corp. I (the “Company”) today announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange and trade under the ticker symbol “BACA.U” beginning tomorrow. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on the New York Stock Exchange under the symbols “BACA” and “BACA WS”, respectively.

The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic location, although it intends to focus on businesses operating in the software and technology-enabled services industry with a total enterprise value in excess of $1 billion. Navigation Capital Partners, Inc. is a member of the Company’s sponsor group.

BofA Securities and Wells Fargo Securities, LLC are acting as joint bookrunners. The Company has granted the underwriters a 45-day option to purchase up to 3,750,000 additional units at the initial public offering price to cover over-allotments, if any.

The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina  28255-0001, Attention:  Prospectus Department, or e-mail [email protected] and Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, New York  10001, at (800) 326-5897 or emailing a request to [email protected].

A registration statement relating to the securities became effective on September 27, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is expected to close on September 30, 2021, subject to customary closing conditions.

Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

About Berenson Acquisition Corp. I
Berenson Acquisition Corp. I is a special purpose acquisition company (SPAC) focused on the software and technology-enabled services industry, The Company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses in the software or technology-enabled services sectors with a total enterprise value of in excess of $1 billion. For more information, visit http://www.berensonacquisitioncorp.com/.

Contact:
Berenson Acquisition Corp. I
Josh Woodbridge
[email protected] 
http://www.berensonacquisitioncorp.com/

Media Contact:
Prosek Partners
Forrest Gitlin
[email protected] 

Cision View original content:https://www.prnewswire.com/news-releases/berenson-acquisition-corp-i-announces-pricing-of-250-million-initial-public-offering-301386079.html

SOURCE Berenson Acquisition Corp. I