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Frankenmuth Insurance Selects Guidewire Cloud to Modernize Technology and Optimize Resources

Frankenmuth Insurance Selects Guidewire Cloud to Modernize Technology and Optimize Resources

FRANKENMUTH, Mich. & SAN MATEO, Calif.–(BUSINESS WIRE)–
Frankenmuth Insurance (Frankenmuth), a super-regional property and casualty (P&C) insurer, and Guidewire (NYSE: GWRE) announced that Frankenmuth selected Guidewire InsuranceSuite on Guidewire Cloud to power its core systems and simplify its IT operations. A Guidewire customer since 2014, the company will migrate InsuranceSuite from an on-premises environment to Guidewire Cloud simultaneously for all of its lines of business and states where it operates. Guidewire PartnerConnect Consulting Global Strategic member PwC has been selected to lead the migration project.

“We decided to migrate our current InsuranceSuite instance to Guidewire Cloud now because we are impressed with Guidewire’s cloud maturity and roadmap, allowing us to leverage the industry-leading cloud core platform,” said Frankenmuth Vice President and Chief Information Officer Curtis Williams. “We look forward to realizing the benefits of flexibility and scalability that come with being on Guidewire Cloud Platform. By operating InsuranceSuite on Guidewire Cloud, we will be able to shift system maintenance to Guidewire, so we can stay current on the latest innovations and enable our IT staff to focus on tasks that deliver value to our business.”

Williams added, “We are also excited about using Guidewire Advanced Product Designer and Guidewire Jutro Digital Platform to develop and deliver new capabilities quickly to our agents and policyholders, as well as integrating the third-party, best-in-class insurtechs that comprise the Guidewire Marketplace and PartnerConnect ecosystem to enhance our service offerings. Our actuaries and data scientists will continue to utilize Guidewire Predict and other Guidewire Analytics products to embed powerful analytics within our processes.”

“We are excited to once again partner with Frankenmuth Insurance as they advance to the next phase of their transformation journey through the implementation of InsuranceSuite on Guidewire Cloud,” said PwC Global and U.S. Guidewire Alliance Leader Imran Ilyas. “In today’s fast-paced environment, embracing cloud technology is an essential, strategic move that will enable Frankenmuth to enhance its agility and scalability, while focusing on delivering innovative solutions and superior service to their customers. As a trusted partner, our team is dedicated to providing exceptional expertise and support to ensure Frankenmuth maximizes the benefits of this strategic transition.”

“We thank Frankenmuth for their partnership over the last several years and appreciate their trust in our cloud technology as they migrate to Guidewire Cloud,” remarked Guidewire Chief Commercial Officer David Laker. “We look forward to seeing them transform the way they utilize the cloud to do business with their agents and policyholders and continue their mission of being the insurer of choice in protecting the individuals, families, and businesses that they serve.”

About Frankenmuth

Frankenmuth Insurance’s core purpose is to provide peace of mind. Headquartered in historic Frankenmuth, Michigan, the company has been protecting individuals, families, and businesses for more than 155 years. We truly care about the people we serve and strive to be your insurer of choice by delivering unparalleled protection and service. As a super-regional carrier, we partner exclusively with more than 800 independent agencies in 15 states to customize business, home, auto, and life insurance policies and surety bonds. We are proud to be one of the industry’s most financially sound, stable, and secure carriers, with more than $2.3 billion in assets. We have earned an AM Best A (Excellent) financial strength rating or higher every year for more than 45 years. For more information, visit www.fmins.com.

About Guidewire Software

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers.

We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry’s largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on X (formerly known as Twitter) and LinkedIn.

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

Albert Lin

Public Relations Manager

Guidewire Software, Inc.

+1.415.205.4214

[email protected]

Abbe Adair

Director, Marketing

Frankenmuth Insurance

989-480-6260

[email protected]

KEYWORDS: United States North America California Michigan

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RC Investors Have Opportunity to Lead the Ready Capital Corporation Securities Lawsuit – Contact the DJS Law Group to Discuss Your Rights – RC

PR Newswire


LOS ANGELES
, March 17, 2025 /PRNewswire/ — The DJS Law Group reminds investors of a class action lawsuit against Ready Capital Corporation (“Ready Capital” or “the Company”) (NYSE: RC) for violations of the federal securities laws.

Shareholders Investors who purchased the Company’s securities between November 7, 2024 and March 2, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before May 5, 2025.           

CASE DETAILS:  The complaint alleges that the Company made false and misleading statements to the market concerning whether Ready Capital suffered from non-performing loans in its commercial real estate (“CRE”) portfolio. Ready Capital attempted to “stabilize” the CRE portfolio by fully reserving these loans. The Company failed to accurately reflect its current expected credit loss and valuation allowances in its financial results.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

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SOURCE DJS Law Group LLP

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Actinium Pharmaceuticals Announces Publication of Actimab-A + CLAG-M Trial Results in Patients with Relapsed or Refractory Acute Myeloid Leukemia in the Peer-Reviewed Journal Leukemia

PR Newswire

–       Median Overall Survival of 18.4 months with Actimab-A + CLAG-M in patients with relapsed or refractory AML who received 1 or 2 lines of prior therapy

–       Mutation agnostic potential of Actimab-A demonstrated by high rates of Complete Remissions and Measurable Residual Disease Negativity in patients with high-risk features including TP53 mutations and prior Venetoclax treatment

–       Actimab-A + CLAG-M combination yielded deep and clinically meaningful responses with expected and manageable safety profile supporting planned pivotal Phase 2/3 trial


NEW YORK
, March 17, 2025 /PRNewswire/ — Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM) (Actinium or the Company), a pioneer in the development of targeted radiotherapies, today announced that results from the clinical trial evaluating Actimab-A in combination with the chemotherapy CLAG-M in patients with relapsed/refractory acute myeloid leukemia (r/r AML) have been published in the peer-reviewed journal Leukemia. The publication highlights data including long-term survival outcomes from two-year follow-up and better outcomes in high-risk patients. Actimab-A is a novel targeted radiotherapeutic that uses the Actinium-225 (Ac-225) isotope payload directed against CD33, a marker expressed ubiquitously on AML blasts. The trial was conducted at the Medical College of Wisconsin (MCW) which has extensive experience treating relapsed refractory AML patients with CLAG-M.

Actimab-A + CLAG-M Trial Data Highlights from Publication:

  • 18.4 month median Overall Survival (OS) in patients who received 1 or 2 lines of prior therapy
  • 52% of patients in the Actimab-A +CLAG-M trial had TP53 mutations, 56% had prior allogeneic stem cell transplant and 56% of patients had prior Venetoclax therapy
  • Actimab-A + CLAG-M outcomes compare favorably to the results from historical data with CLAG-M alone in the pre-Venetoclax era from MCW’s study (median OS of 13.3 months). Typically, patients who have failed Venetoclax treatment demonstrate median survival between 2.4 – 4.6 months as reported in the literature and the patients with a TP53 mutation even have more dismal survival outcomes. Hence this data supports the use of Actimab-A plus CLAG-M for these patients.
  • Actimab-A + CLAG-M produced high rates of measurable residual disease negativity (MRD-) including 75% across all patients, 83.3% in patients with a TP53 mutation and 100% in patients with prior Venetoclax therapy
  • 71% of eligible patients received a bone marrow transplant (BMT) and median OS in these patients was 24.05 months

Dr. Sameem Abedin, Associate Professor of Medicine at the Medical College of Wisconsin and Principal Investigator of the Actimab-A + CLAG-M study said, “We are delighted that the Actimab-A + CLAG-M results have been published in the peer-reviewed journal Leukemia. Despite advancements in treatment, patients with r/r AML, particularly those with high-risk features including TP53 mutations and prior Venetoclax therapy like those in our study, continue to have dismal outcomes and limited treatment options. We are excited that the combination of Actimab-A and CLAG-M produced high response rates with deep remissions including high rates of MRD negativity, improving access to potentially curable BMT resulting in enhanced survival outcomes. Importantly, we observed that responses were retained in high-risk patients. We believe these results support the utility of targeted radiotherapy for the treatment of AML and its mutation agnostic mechanism of action. We look forward to the initiation of the Phase 2/3 trial of Actimab-A + CLAG-M and further advancing this potentially important therapeutic modality in this patient population with a high unmet need.”

Actinium has aligned with the FDA on a pivotal Phase 2/3 operationally seamless trial that will study Actimab-A + CLAG-M in r/r AML patients. The trial will optimize the dose of Actimab-A in combination with CLAG-M, that will be studied in the Phase 3 portion of the trial, which will be a randomized trial comparing overall survival and other outcomes of patients with r/r AML receiving Actimab-A + CLAG-M to CLAG-M alone. The trial is expected to be initiated in 2025.

Sandesh Seth, Actinium’s Chairman and CEO, said, “There is significant momentum for Actimab-A with the publication of these positive results in Leukemia and the recent initiation of the frontline AML triplet combination with Venetoclax and the hypomethylating agent ASTX-727 under our NCI CRADA. Actinium is committed to addressing the needs of the over 100,000 patients with AML and MDS in the U.S. and Europe with Actimab-A to realize its multi-billion-dollar market opportunity. Over the course of 2025, we expect to generate additional clinical data further supporting Actimab-A’s mutation agnostic, backbone therapy potential for radiation sensitive myeloid malignancies.”

About Actinium Pharmaceuticals, Inc.

Actinium is a pioneer in the development of targeted radiotherapies intended to meaningfully improve patient outcomes. Actinium is advancing its lead product candidate Actimab-A, a CD33 targeting therapeutic, as potential backbone therapy in acute myeloid leukemia (AML) and other myeloid malignancies leveraging the mutation agnostic alpha-emitter radioisotope payload Actinium-225 (Ac-225). Actimab-A has demonstrated potential activity in relapsed and refractory acute myeloid leukemia (r/r AML) patients in combination with the chemotherapy CLAG-M including high rates of Complete Remissions (CR) including measurable residual disease (MRD) negativity with improved survival outcomes and is being advanced to a pivotal Phase 2/3 trial. In addition, Actinium is engaged with the National Cancer Institute (NCI) under the Cooperative Research and Development Agreement (CRADA) for development of Actimab-A in AML and other myeloid malignancies. The first clinical trial under the CRADA will evaluate the triplet combination comprised of Actimab-A, Venetoclax (Abbvie/Roche) an oral Bcl-2 inhibitor and ASTX-727 (Taiho Oncology, an Otsuka holdings company) a novel oral hypomethylating agent (HMA) in frontline acute myeloid leukemia (AML) patients. Iomab-ACT, Actinium’s next generation conditioning candidate, is being developed with the goal of improving patient access and outcomes for potentially curative cell and gene therapies. Iomab-B is an induction and conditioning agent prior to bone marrow transplant in patients with r/r AML, which Actinium is seeking a potential strategic partner for in the U.S. In addition, the company’s R&D efforts are primarily focused on advancing several preclinical programs for solid tumor indications. Actinium holds 230 patents and patent applications including several patents related to the manufacture of the isotope Ac-225 in a cyclotron.

For more information, please visit: https://www.actiniumpharma.com/

Forward-Looking Statements

This press release may contain projections or other “forward-looking statements” within the meaning of the “safe-harbor” provisions of the private securities litigation reform act of 1995 regarding future events or the future financial performance of the Company which the Company undertakes no obligation to update. These statements are based on management’s current expectations and are subject to risks and uncertainties that may cause actual results to differ materially from the anticipated or estimated future results, including the risks and uncertainties associated with preliminary study results varying from final results, estimates of potential markets for drugs under development, clinical trials, actions by the FDA and other governmental agencies, regulatory clearances, responses to regulatory matters, the market demand for and acceptance of Actinium’s products and services, performance of clinical research organizations and other risks detailed from time to time in Actinium’s filings with the Securities and Exchange Commission (the “SEC”), including without limitation its most recent annual report on form 10-K, subsequent quarterly reports on Forms 10-Q and Forms 8-K, each as amended and supplemented from time to time.

Investors:

[email protected] 

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SOURCE Actinium Pharmaceuticals, Inc.

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Alpha Modus Secures Landmark Settlement With Open Door for a Game-Changing Partnership

CORNELIUS, N.C., March 17, 2025 (GLOBE NEWSWIRE) — Alpha Modus, a leading innovator in AI-driven retail technology, today announced a groundbreaking settlement in its patent infringement lawsuit against Wakefern and Shelf Nine. As part of this resolution, Alpha Modus and Shelf Nine have reached a settlement agreement, while Shelf Nine’s parent company, VSBLTY Groupe Technologies Corp. (“VSBLTY” or “VSBLTY Group Technologies”), and Alpha Modus negotiate a strategic partnership for the deployment of Alpha Modus’ cutting-edge technology which would include a perpetual license for Alpha Modus’ patented innovations.

The lawsuit—one of several filed by Alpha Modus against major retailers and digital signage networks, including Walgreens, Kroger, Wakefern, Shelf Nine, and Brookshire Grocery—centered on proprietary technology designed to enhance digital engagement and data-driven retail solutions. This agreement not only validates Alpha Modus’ intellectual property rights but also establishes a long-term opportunity to integrate Alpha Modus’ technology with VSBLTY’s proprietary and robust data analytics software once VSBLTY Groupe Technologies and Alpha Modus finalize their strategic partnership agreement.

“This settlement marks a transformative moment for Alpha Modus, as it not only affirms the strength and enforceability of our patents but also fosters a valuable partnership with Shelf Nine through an agreement with VSBLTY Groupe Technologies,” said William Alessi, CEO of Alpha Modus. “By securing a perpetual license for our technology through the proposed partnership agreement and aligning with a key industry player, we are taking a significant step toward widespread adoption and continued innovation in digital retail engagement. Additionally, this settlement provides Alpha Modus with a distinct competitive advantage in our sales pipeline. It’s been validated! We offer patent-protected, AI-driven retail technologies—capabilities our competitors simply cannot match.”

Through the proposed partnership agreement, Shelf Nine’s parent company VSBLTY Groupe Technologies will leverage Alpha Modus’ proprietary solutions to enhance its retail media network, providing advertisers and retailers with state-of-the-art tools to optimize in-store customer engagement. This settlement and future strategic alliance reinforce both companies’ market position while opening new avenues for growth and technology deployment.

“The irony of this partnership is not lost on us—what started as a lawsuit has evolved into one of the most valuable alliances for both organizations,” said Jay Hutton, CEO of VSBLTY Groupe Technologies. “While the circumstances of our initial engagement were far from ideal, the outcome is undeniably positive. We now have the opportunity to compete in an industry dominated by giants, backed by a portfolio of patented IP from Alpha Modus and VSBLTY. Our combined vision and execution capabilities are impressive, and we are excited about the opportunities ahead.”

Furthermore, Alpha Modus believes that numerous companies are currently infringing on its patent portfolio. This settlement strengthens the company’s ability to pursue further enforcement actions and ensures that its innovative technologies are recognized and respected throughout the industry. Alpha Modus remains steadfast in protecting its intellectual property and will take decisive action, if necessary, to uphold its rights.

Alpha Modus believes the investment community will closely monitor the implications of this agreement, as it not only fortifies Alpha Modus’ intellectual property portfolio but also demonstrates its ability to drive sustained value through both innovation and strategic partnerships—while underscoring its commitment to enforcing its IP rights when required.

About Alpha Modus

Alpha Modus Holdings, Inc. (Nasdaq: AMOD) is a pioneering technology company specializing in AI-driven retail and fintech solutions. The Company’s patented technologies optimize consumer engagement, enhance in-store experiences, and drive measurable returns for retailers and brands. For more information, visit www.alphamodus.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Alpha Modus’s actual results may differ from their expectations, estimates, and projections, and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. These forward-looking statements include, without limitation, Alpha Modus’s expectations with respect to future performance.

Alpha Modus cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Alpha Modus does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

Contacts:

Alpha Modus Holdings, Inc.
Investor Relations
[email protected]
+1 (704) 252-5050
Follow us on LinkedIn | Follow us on X

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a2ca4040-5ebd-44d8-8e5c-a844d983bd63



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Dentsply Sirona Appoints David Ferguson as Global Business Unit Leader

CHARLOTTE, N.C., March 17, 2025 (GLOBE NEWSWIRE) — DENTSPLY SIRONA Inc. (“Dentsply Sirona” or the “Company”) (XRAY) today announced that David Ferguson has been appointed Senior Vice President, Global Business Unit Leader, effective March 14, 2025. In this role he will lead the global business unit teams managing the dental product portfolio, serve as a member of the Executive Management Team and report directly to Chief Executive Officer, Simon Campion.

David Ferguson joins Dentsply Sirona with 25 years of experience in MedTech and healthcare with a proven track record of delivering results, competing in a global marketplace and leading global product strategy. Mr. Ferguson has served in leadership roles at well-known companies and brands, including GE Healthcare, Baxter and Philips.

Simon Campion, President and Chief Executive Officer of Dentsply Sirona, said, “We are delighted to welcome David as our new Global Business Unit Leader. With his experience in developing and executing strategic growth plans, as well as building and aligning high-performing teams, he brings invaluable expertise to our organization. His deep business acumen will be key to driving improved business performance and capitalizing on strategic opportunities that exist with our broad and differentiated portfolio. We are confident that David’s leadership will further strengthen our position in the market.”

David Ferguson said, “I’m excited to join Dentsply Sirona and contribute to shaping the next chapter alongside an incredible global team. With its broad-based portfolio, Dentsply Sirona is well positioned to capitalize on the evolving competitive landscape. I look forward to collaborating with the team to enhance execution, drive financial, operational, and strategic goals, and profitable growth.”

About David Ferguson

David Ferguson is a seasoned executive with extensive leadership experience in the medical device and healthcare industries. He has a strong track record of driving revenue growth, strategic transformation, and operational excellence across multiple global businesses. Most recently, he was President of Gore Medical, a unit of W.L. Gore. Previously, as EVP at Philips and President & CEO of Philips Respironics, he managed a global team of 6,000 people. At Baxter Healthcare, he led the global infusion therapy, IV solutions and patient monitoring business. He also held leadership roles at GE Healthcare.

Mr. Ferguson is a Graduate of the Advanced Management Program of University of Chicago Booth School of Business and holds a PhD in Chemistry from Texas A&M University and Bachelor of Science in Biochemistry from David Lipscomb University. He has served on multiple boards, including AZBio, Philips PAC, and Baxter International Foundation, and is a co-inventor of two U.S. patents and author of ten peer-reviewed publications.

About Dentsply Sirona

Dentsply Sirona is the world’s largest diversified manufacturer of professional dental products and technologies, with over a century of innovation and service to the dental industry and patients worldwide. Dentsply Sirona develops, manufactures, and markets a comprehensive solutions offering including dental and oral health products as well as other consumable medical devices under a strong portfolio of world-class brands. Dentsply Sirona’s innovative products provide, high-quality, effective and connected solutions to advance patient care and deliver better and safer dental care. Dentsply Sirona’s headquarters is located in Charlotte, North Carolina. The Company’s shares are listed in the United States on Nasdaq under the symbol XRAY. Visit www.dentsplysirona.com for more information about Dentsply Sirona and its products.

Contact Information

Investors:
Andrea Daley
Vice President, Investor Relations
+1-704-591-8631
[email protected]

Press:
Marion Par-Weixlberger
Vice President, Public Relations & Corporate Communications
+43 676 848414588
[email protected]



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Silynxcom Successfully Completes Field Testing of Enhancing Drone Sound Awareness Technology

Strategic Collaboration with a Military Customer in Asia Demonstrates Disruptive Drone Detection Technology, Expanding Global Market Penetration for Silynxcom’s High-Growth Defense Innovation

Netanya, Israel, March 17, 2025 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices, today announced the successful completion of field trials for its innovative product, aimed at boosting situational awareness and safety for armored personnel carrier (“APC”) crews and other heavy military vehicles, with a military force in Asia and conducted in collaboration with a leading global defense contractor.

The trials demonstrated the Company’s innovative solution that addresses a critical challenge on modern battlefields: detecting the distinct and potentially life-threatening drone humming while simultaneously maintaining hearing protection in high-noise environments. Unlike conventional Active Noise Reduction (ANR) technology that can inadvertently block crucial acoustic threats, Silynxcom’s advanced new APC headset selectively amplifies critical environmental sounds while still providing essential hearing protection.

Military personnel operating APCs face the triple challenge of protecting their hearing from high-decibel engines and weapons noise, maintaining clear communication through intercom and radio systems, and detecting subtle but potentially lethal threats like approaching drones. We believe that Silynxcom’s technology effectively meets all these requirements during the trials.

“These successful trials with a new military customer in Asia represent an important strategic expansion for our drone detection technology beyond our initial deployment,” said Nir Klein, Chief Executive Officer of Silynxcom. “Our advanced auditory technology allows for both comprehensive hearing protection and the selective amplification of critical battlefield sounds, giving military personnel the situational awareness they need to identify and respond to emerging threats.”

The system’s compatibility with popular intercom and radio systems enables plug-and-play integration, allowing for seamless upgrading of existing equipment. This feature proved particularly valuable during these trials, where the technology was tested across different vehicle platforms and communication infrastructures.

About Silynxcom Ltd.

Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company’s in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company’s In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company’s products based on actual feedback from soldiers and police officers “in the field.” The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.

Capital Markets & IR Contact

ARX | Capital Market Advisors

North American Equities Desk
[email protected]



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ChoiceOne Financial Services, Inc. Completes Successful Consolidation of ChoiceOne Bank and The State Bank

PR Newswire


SPARTA, Mich.
, March 17, 2025 /PRNewswire/ — ChoiceOne Financial Services, Inc., (NASDAQ: COFS) (“ChoiceOne”), the parent company of ChoiceOne Bank, announced the successful consolidation of The State Bank with and into ChoiceOne Bank on March 14, 2025. The State Bank is now renamed ChoiceOne Bank.

ChoiceOne Financial Services, Inc. Completes Successful Consolidation of The State Bank

“We are pleased to close our consolidation of ChoiceOne Bank and The State Bank,” said ChoiceOne CEO Kelly Potes. “Our teams at both banks have worked diligently over the last eight months to combine our banking operations and make this transition as seamless as possible and with limited disruption for our customers. Because of our similar markets, the consolidation presents many efficiencies and new growth opportunities in our expanded network in Michigan.”

On March 1, 2025, ChoiceOne announced the completion of the merger of Fentura with and into ChoiceOne. The combined organization is now a financial holding company with assets over $4 billion and 56 offices in West, Central and Southeast Michigan.

“Joining forces with ChoiceOne Bank presents a tremendous opportunity for our customers, communities, employees and shareholders,” said former Fentura CEO and President Ronald Justice. “We believe this combination is a natural geographical and cultural fit and allows us to leverage our strengths with advanced technology and innovative services. It also gives us broader opportunities to support our communities with increased donations and volunteer hours complementing ChoiceOne’s vision to be the Best Bank in Michigan.”

Justice will retire in April after serving as Fentura’s CEO and President since 2012. These former senior officers of The State Bank will continue employment with ChoiceOne Bank: Thomas Hufton II, SVP, Wealth Management; Craig Johnson, SVP, Senior Lender Southeast Michigan and the Great Lakes Bay Region; Jeanne Richter, SVP, Chief Risk Officer; Kristy Schaffer, SVP, Chief Human Resources Officer; John Scott, SVP, Information Technology and Stacey Webb, SVP, Marketing, Innovation and Treasury Sales.

“Celebrating our name change today, we were honored to have officials from the City of Fenton and the Fenton Area Chamber of Commerce at our Commitment to Community Ribbon Cutting,” concluded Justice. “Also in attendance were representatives from Genesee County Habitat for Humanity, Underground Railroad and Fenton Education Foundation. We wanted this celebration along with our special donations to these nonprofit organizations to reinforce the ongoing commitment we have to our communities.”

About ChoiceOne
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan, with assets over $4 billion, and the parent corporation of ChoiceOne Bank. Member FDIC. ChoiceOne Bank operates 56 offices in West, Central and Southeast Michigan. ChoiceOne Bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc. ChoiceOne Financial Services, Inc. common stock is quoted on the Nasdaq Capital Market under the symbol “COFS.” For more information, please visit Investor Relations at ChoiceOne’s website choiceone.bank.


Forward-Looking Statements

This press release contains forward-looking statements.  Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “is likely,” “plans,” “predicts,” “projects,” “may,” “could,” “look forward,” “continue”, “future” and variations of such words and similar expressions are intended to identify such forward-looking statements.  These statements reflect current beliefs as to the expected outcomes of future events and are not guarantees of future performance.  These statements involve certain risks, uncertainties and assumptions (“risk factors”) that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence.  Therefore, actual results and outcomes may materially differ from what may be expressed, implied or forecasted in such forward-looking statements.  Furthermore, ChoiceOne does not undertake any obligation to update, amend, or clarify forward-looking statements, whether as a result of new information, future events, or otherwise. Risk factors include, but are not limited to, the risk factors described in Item 1A in ChoiceOne’s Annual Report on Form 10-K for the year ended December 31, 2024, and in any of ChoiceOne’s subsequent SEC filings, which are available on the SEC’s website, www.sec.gov.

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SOURCE ChoiceOne Financial Services, Inc.

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DEADLINE APPROACHING: Berger Montague Advises Crocs (NASDAQ: CROX) Investors to Inquire About a Securities Fraud Class Action by March 24, 2025

PHILADELPHIA, March 17, 2025 (GLOBE NEWSWIRE) — Berger Montague PC advises investors that a securities class action lawsuit has been filed against Crocs, Inc. (“Crocs” or the “Company”) (NASDAQ: CROX) on behalf of purchasers of Crocs securities between November 3, 2022 through October 28, 2024, inclusive (the “Class Period”).


Investor Deadline: Investors who purchased or acquired

CROCS

securities during the Class Period may, no later than


MARCH 24, 2025


, seek to be appointed as a lead plaintiff representative of the class. To learn your rights,




CLICK HERE




.

Crocs, headquartered in Bloomfield, CO, is a marketer of casual footwear. In February 2022, Crocs acquired HEYDUDE, another brand of casual, lightweight footwear.

According to the lawsuit, Crocs misled investors by concealing the fact that the strong revenue growth exhibited by HEYDUDE following its acquisition in February 2022 was largely driven by a conscious decision on the part of Crocs management to aggressively stock its third-party wholesaler pipeline with HEYDUDE products, regardless of the level of retail demand being experienced by those wholesalers. 

Moreover, after the Company’s retail partners began to destock this excess inventory, Crocs further misled investors by concealing that waning product demand for HEYDUDE shoes would further impact the Company’s financial results.

Investors learned the truth about HEYDUDE’s prospects through a series of partial disclosures, and then finally, on October 29, 2024, in reporting its financial results for the third quarter of 2024, Crocs disclosed that HEYDUDE revenues fell below the Company’s expectations and that “it will take longer than we had initially planned for the business to turn the corner.”  Significantly, Crocs’ CEO attributed HEYDUDE’s struggles to “excess inventories in the market,” admitting that “in retrospect, we absolutely shipped too much product[].” The CEO further acknowledged that a lack of product demand exacerbated the issue. 

On this news, the price of Crocs shares declined by $26.47 per share, or 19%, from a close of $138.05 per share on October 28, 2024 to a close of $111.58 per share on October 29, 2024.


To learn your rights or for more information,




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or please contact Berger Montague: Andrew Abramowitz at




[email protected]




or (215) 875-3015, or Peter Hamner at




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.

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.

Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contact:

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected]  

Peter Hamner
Berger Montague PC
[email protected]



Posted on

Perfect Moment and World’s #1 Scotch Whisky, Johnnie Walker, Host Exclusive Après-Ski Experiences in Hokkaido, Japan, and Deer Valley, Utah

Perfect Moment and World’s #1 Scotch Whisky, Johnnie Walker, Host Exclusive Après-Ski Experiences in Hokkaido, Japan, and Deer Valley, Utah

  • Luxury lifestyle brand, Perfect Moment, and global leader in beverage alcohol, Diageo, debut Johnnie Walker Blue Label Ice Chalet Scotch Whisky at global après-ski events.
  • Perfect Moment’s Ice Chalet skiwear line takes center stage, elevating the luxury skiwear and lifestyle brand which fuses technical excellence with fashion-led designs.
  • Events marquee award-winning global film and fashion icon, Priyanka Chopra Jonas, engaging millions of her ardent fans worldwide.

LONDON–(BUSINESS WIRE)–Perfect Moment Ltd. (NYSE American: PMNT), the high-performance, luxury skiwear and lifestyle brand that fuses technical excellence with fashion-led designs, continued its co-marketing campaign with the world’s #1 scotch whisky maker, Johnnie Walker, with the hosting of major experiential events in Hokkaido, Japan and Deer Valley, Utah.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250317070349/en/

The Deer Valley events included the takeover of the St. Regis Deer Valley mountain resort, including window displays and lobby areas, along with several après-ski events, ice sculpture installations and other immersive après-ski experiences.

In Hokkaido, Johnnie Walker and Perfect Moment hosted an immersive pop-up experience at Japan’s renowned winter resort, Niseko, including exclusive VIP gatherings and experiential events.

The events featured award-winning global film and fashion icon, Priyanka Chopra Jonas, who has engaged millions of her ardent fans in the global campaign.

“These intercontinental Ice Chalet-themed celebrations have greatly elevated the Johnnie Walker and Perfect Moment brands among many influential participants,” noted Perfect Moment president and chief creative officer, Jane Gottschalk.

“These quintessential après-ski moments brought together great fashion with good friends, accompanied by exceptional drink,” added Gottschalk. “Our collaboration with Johnnie Walker and Priyanka created exciting, memorable après-ski experiences for those who seek the very best life has to offer.”

The collaborative marketing campaign for Johnnie Walker Blue Label Ice Chalet officially launched last October, beginning with an integrated media campaign shared across the social media channels of Perfect Moment, Johnnie Walker, and Priyanka Chopra Jonas.

Earlier Events and Media Features

Priyanka Chopra Jonas captivated major publications in exclusive October interviews published in WWD, Grazia USA, Forbes, InStyle, Esquire, and W Magazine, where she shared insights into her collaboration with Johnnie Walker and Perfect Moment.

The campaign took center stage at a press launch event in October at Le Chalet at Saks Fifth Avenue in New York. The event featured VIPs from across the fashion, film, and spirits worlds who came together to celebrate the launch of Johnnie Walker Blue Label Ice Chalet.

From October 28 to November 3 at Selfridges in London, Perfect Moment and Johnnie Walker took over key spaces that included a virtual immersive experience. A VIP event followed on October 29, alongside a Perfect Moment styling session on October 30. These activations led to a prominent window display installation at Selfridges which launched on November 7. See YouTube video highlighting the event here.

Thecampaign extended into November with out-of-home advertising that included a landmark takeover at the famed Marble Arch in London that amplified Perfect Moment’s presence across the UK.

The November campaign has also featured the cover shot of award-winning actor, Zhang Wanyi, for L’Officiel Hommes, the luxury fashion and lifestyle magazine for men.

About Johnnie Walker

Johnnie Walker is the world’s #1 Scotch Whisky brand (IWSR 2023) and the world’s number one International Spirits Brand (IWSR 2023 Relative Market Share), which is enjoyed by people in over 180 countries around the world. Since the time of its founder, John Walker, those who blend its whiskies have pursued flavor and quality above all else.

Today’s range of award-winning whiskies includes Johnnie Walker Red Label, Blonde, Black Label, Double Black, Green Label, Gold Label Reserve, Aged 18 Years, and Blue Label. Together they account for over 22 million cases sold annually (IWSR, 2023). Johnnie Walker is also the number one best-selling Scotch and number one trending Scotch (Drinks International, 2024). For more information about Johnnie Walker, visit johnniewalker.com.

About Diageo

Diageo is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, J&B, Buchanan’s, Smirnoff and Cîroc vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO) and our products are sold in more than 180 countries around the world. For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com. Visit Diageo’s global responsible drinking resource, www.DRINKiQ.com, for information, initiatives, and ways to share best practice.

About Perfect Moment

The Perfect Moment brand was born in 1984 in the mountains of Chamonix, France. The Perfect Moment brand was relaunched by Max and Jane Gottschalk in 2012 and was acquired by the company in 2017 and 2018. Perfect Moment is a high-performance luxury skiwear and lifestyle brand. It blends technical excellence with fashion-forward designs, creating pieces that effortlessly transition from the slopes to the city, the beach, and beyond.

Initially the vision of extreme sports filmmaker and professional skier Thierry Donard, the brand was built on a sense of adventure that has sustained for over 20 years. Donard, fueled by his personal experiences, was driven by a desire to create pieces that offered quality, style and performance, pushing the wearer in the pursuit of every athlete’s dream: to experience ‘The Perfect Moment.’

In 2012, British-Swiss entrepreneurial couple Jane and Max Gottschalk took ownership of the brand. Under Jane’s creative direction Perfect Moment was injected with a new style focus, one that reignited the spirit of the heritage brand, along with a commitment to improving fit, performance and the use of best-in-class functional materials. As such, the designs evolved into distinct statement pieces synonymous with the brand as we know it today.

Today, the brand is available globally, online and at major retailers, including MyTheresa, Net-a-Porter, Harrods, Selfridges, Saks, Bergdorf Goodman and Neiman Marcus.

Perfect Moment’s skiwear offerings address the high-growth global luxury ski apparel market which reached $1.7 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2032, according to Business Research Insights. They also address the luxury outerwear which was estimated to total $17.9 billion in 2024 and forecasted to increase at a 6.7% CAGR from 2024 to 2032, according to Business Research Insights.

Learn more at www.perfectmoment.com.

Important Cautions Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on our current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ from those contained in the forward-looking statements, include those risks and uncertainties described more fully in the section titled “Risk Factors” in the final prospectus for our initial public offering and in our Form 10-K for the fiscal year ended March 31, 2024, filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release are made as of this date and are based on information currently available to us. We undertake no duty to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Company Contact

Julie Robinson, Brand Director

Perfect Moment

Tel +44 7595178702

Email contact

Investor Contact

Ronald Both or Grant Stude

CMA Investor Relations

Tel (949) 432-7566

Email contact

KEYWORDS: United States United Kingdom Japan North America Asia Pacific Europe Utah

INDUSTRY KEYWORDS: Skiing/Snowboarding Entertainment Sports Wine & Spirits Luxury Lifestyle Consumer Fashion Celebrity Retail Marketing Communications

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PepsiCo to Acquire poppi

PR Newswire

  • Company continues to evolve its portfolio through innovation and strategic acquisitions
  • Company expands better-for-you offerings to meet consumer preferences and continue to serve new generations of consumers


PURCHASE, N.Y. and AUSTIN, Texas, March 17, 2025 /PRNewswire/ — PepsiCo, Inc. (NASDAQ: PEP) (“PepsiCo”) today announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes an additional potential earnout consideration subject to the achievement of certain performance milestones within a specified period after closing of the transaction.

“We’ve been evolving our food and beverage portfolio over many years, including by innovating with our brands in new spaces and through disciplined, strategic acquisitions that enable us to offer more positive choices to our consumers,” said Ramon Laguarta, Chairman and CEO, PepsiCo. “More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and wellness. poppi is a great complement to our portfolio transformation efforts to meet these needs.”

poppi is a fast-growing functional soda brand that combines prebiotics, fruit juice, and apple cider vinegar to create a deliciously refreshing low calorie soda with no more than five grams of sugar per serving. poppi’s consumer-first approach, cultural cache, and nutritional profile have nurtured a loyal fan base and driven rapid growth. poppi was created by Allison and Stephen Ellsworth, discovered on Shark Tank by Rohan Oza and funded by CAVU Consumer Partners from their initial seed round to today.

“As we look to reorient our portfolio offerings to address white space consumer needs, the poppi brand’s unique intersection with wellness and culture is a perfect addition to our portfolio,” said Ram Krishnan, CEO, PepsiCo Beverages U.S. “Allison and the poppi team have built a magnetic brand that’s ahead of the trends, with a loyal consumer base and a demonstrated capacity for growth. We are big fans of the poppi brand movement and believe this incredible brand paired with our commercial capabilities will drive continued growth and innovation for years to come.” 

“When I created poppi in our kitchen, it was fueled by a desire to create a better-for-you soda,” said Allison Ellsworth, Co-Founder of poppi. “We never imagined how many people we could reach through hard work, determination and a clear mission to create a functional soda that stands the test of time. We believe poppi is the soda that will be embraced for generations to come, and we’re beyond grateful to the amazing poppi team, our partners who believed in us from the very beginning and most importantly our incredible community. We can’t wait to begin this next chapter with PepsiCo to bring our soda to more people – and I know they will honor what makes poppi so special while supporting our next phase of growth and innovation. I hope our story inspires others to explore their passions, take the risk, and believe that anything is possible.”

“poppi is a true testament to the American Dream! From the kitchen to Shark Tank to becoming an iconic brand, this couldn’t have been done without the amazing founders Allison and Stephen Ellsworth, the incredible team in place led by CEO Chris Hall, the unmatched support of CAVU’s Uncommon team led by Stevie Clements, and the extraordinary poppi community,” said Rohan Oza, Guest Shark on ABC’s Shark Tank and Co-Founder at CAVU Consumer Partners. “We’re beyond thrilled to be partnering with PepsiCo so that even more consumers across America, and the world, can enjoy poppi – a truly modern soda for the next generation.”

The transaction is subject to customary closing conditions, including regulatory approval. Additional terms of the acquisition were not disclosed.

Centerview Partners LLC is acting as lead financial advisor to PepsiCo, and J.P. Morgan Securities LLC is also acting as a financial advisor to PepsiCo. Cravath, Swaine & Moore LLP is acting as legal advisor to PepsiCo, and Davis Polk & Wardwell LLP is acting as tax counsel to PepsiCo. Goldman Sachs & Co. LLC is acting as financial advisor to poppi, and Cooley LLP is acting as legal advisor to poppi.

About PepsiCo:
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated nearly $92 billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.PepsiCo.com.

About poppi:
poppi is a prebiotic soda brand modernizing soda for the next generation. Founded by husband-and-wife duo Stephen & Allison Ellsworth, Austin, TX-based poppi combines prebiotics and fruit juice to create a deliciously refreshing, mouthwatering low calorie soda with no more than 5 grams of sugar per serving. What originally started as a home-brewed concoction quickly became a farmers’ market favorite turned Shark Tank investment and is now available at major retailers nationwide. poppi’s brand-first approach, cultural cache, and rapid growth have nurtured an incredibly loyal community, including celebrity fans. poppi is available in 14 delicious flavors – Strawberry Lemon, Raspberry Rose, Orange, Ginger Lime, Watermelon, Cherry Limeade, Grape, Wild Berry, Classic Cola, Root Beer, Doc Pop, Lemon Lime, Orange Cream and Cherry Cola. For more information, visit drinkpoppi.com, or follow @drinkpoppi on Instagram and TikTok.

PepsiCo Cautionary Statement 

Statements in this communication that are “forward-looking statements” are based on currently available information, operating plans and projections about future events and trends. Terminology such as “believe,” “expect,” “future,” “intend,” “may,” “plan,” “position,” “potential,” “should,” “will” or similar statements or variations of such words and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements. Such risks and uncertainties include, but are not limited to:  future demand for PepsiCo’s products; damage to PepsiCo’s reputation or brand image; product recalls or other issues or concerns with respect to product quality and safety; PepsiCo’s ability to compete effectively; PepsiCo’s ability to attract, develop and maintain a highly skilled workforce or effectively manage changes in our workforce; water scarcity; changes in the retail landscape or in sales to any key customer; disruption of PepsiCo’s manufacturing operations or supply chain, including increased commodity, packaging, transportation, labor and other input costs; political, social or geopolitical conditions in the markets where PepsiCo’s products are made, manufactured, distributed or sold; PepsiCo’s ability to grow its business in developing and emerging markets; changes in economic conditions in the countries in which PepsiCo operates; future cyber incidents and other disruptions to our information systems; failure to successfully complete or manage strategic transactions; PepsiCo’s reliance on third-party service providers and enterprise-wide systems; climate change or measures to address climate change and other sustainability matters; strikes or work stoppages; failure to realize benefits from PepsiCo’s productivity initiatives or organizational restructurings; deterioration in estimates and underlying assumptions regarding future performance of our business or investments that can result in impairment charges; fluctuations or other changes in exchange rates; any downgrade or potential downgrade of PepsiCo’s credit ratings; imposition or proposed imposition of new or increased taxes aimed at PepsiCo’s products; imposition of limitations on the marketing or sale of PepsiCo’s products; changes in laws and regulations related to the use or disposal of plastics or other packaging materials; failure to comply with personal data protection and privacy laws; increase in income tax rates, changes in income tax laws or disagreements with tax authorities; failure to adequately protect PepsiCo’s intellectual property rights or infringement on intellectual property rights of others; failure to comply with applicable laws and regulations; and potential liabilities and costs from litigation, claims, legal or regulatory proceedings, inquiries or investigations.

For additional information on these and other factors that could cause PepsiCo’s actual results to materially differ from those set forth herein, please see PepsiCo’s filings with the SEC, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Media Contacts:

[email protected]

[email protected] 

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SOURCE PepsiCo, Inc.