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CEL-SCI Concludes Positive Meeting With U.S. FDA Concerning Multikine’s Approval for Head & Neck Cancer

• FDA acknowledges the great need for improved treatments for head and neck cancer, particularly the locally advanced oral cavity that CEL-SCI is targeting and is open to a close collaboration with CEL-SCI to help demonstrate that Multikine could be such a therapy
• Approval is being pursued in other markets including Europe, the United Kingdom, and Canada, where commercialization could possibly begin as early as 2024 if Health Canada clears the submission 

VIENNA, Va.–(BUSINESS WIRE)–CEL-SCI Corporation(NYSE American: CVM) today announced it has concluded a productive meeting with the U.S. Food and Drug Administration (FDA) regarding the path forward for bringing Multikine* (Leukocyte Interleukin, Injection) immunotherapy to market for the treatment of newly diagnosed locally advanced squamous cell carcinoma of the head and neck (SCCHN). During the recent meeting, the FDA acknowledged the longstanding need for improved treatments for head and neck cancer.

CEL-SCI believes the agency was collaborative and positive. Preliminary feedback from the FDA included that the selection criteria developed by CEL-SCI could be used to determine which patients should receive Multikine. Based on the feedback received at this recent meeting, CEL-SCI is preparing additional information about its development plan for the next meeting with the agency.

CEL-SCI is expecting scientific advice meetings with the European Medicines Agency (EMA) and the Medicines and Healthcare Products Regulatory Agency (MHRA) in the UK in the fall of 2023. These are priority markets for CEL-SCI, as Europe has more than twice the number of head and neck cancer cases diagnosed each year as compared to the U.S.

The Company believes that it is even further along the regulatory path in Canada, as Health Canada already advised CEL-SCI earlier this year that it would be appropriate to request advance consideration for approval of Multikine under the Notice of Compliance with Conditions (NOCC) policy. If Health Canada grants the NOCC, then it is possible that CEL-SCI could begin commercialization in Canada as early as 2024.

Geert Kersten, CEO of CEL-SCI stated, “The almost 4-year median survival benefit and complete tumor elimination in some patients in just 3 weeks are very strong indications that we have a drug that can help patients with this horrible cancer. It is also important to note that 15.2% of the patients treated with Multikine exhibited a tumor response in only 3 weeks and patients who have a tumor response have an 82.2% survival at 5-years, compared to 48.6% for the control group. Tumor response has often been used in conditional approvals as an important indicator of the effectiveness of a treatment. A confirmatory clinical trial will be required by the FDA based on the agreed upon selection criteria for patients that will be treated with Multikine as assessed by methods including PET-CT/MRI screening. We will collaborate closely with the FDA to design a clinical protocol that will allow us to generate, as expeditiously as possible, the confirmatory data they require for approval of Multikine. This includes confirming the pre-surgical tumor responses that arise within just weeks of Multikine treatment in the agreed upon population. Our meeting with Health Canada earlier this year was also positive, and we are preparing our application for the NOCC approval as they suggested, which we hope to file later this year/early next year. Our planned meetings with the MHRA in Britain and the EMA in Europe will help us understand if a conditional approval can be given in those countries with a promise to do confirmatory studies after approval or if it is possible to get a conditional approval with the enrollment of just a small number of patients. Our goal is to obtain approval of Multikine worldwide and then make it available to patients as fast as possible.”

Multikine is a neoadjuvant immunotherapy given to newly diagnosed head and neck cancer patients for three weeks immediately after diagnosis, before the standard of care (SOC) treatments of surgery and radiation, because that is when the immune system is still thought to be the strongest. The completed pivotal Phase 3 study demonstrated that patients who received Multikine followed by surgery and radiation reported a 5-year statistically significant overall survival (OS) absolute benefit of 14.1% in the intent to treat (ITT) subjects (n=380) who were categorized as lower risk for recurrence (LR) per National Comprehensive Cancer Network (NCCN) guidelines as compared to control LR subjects who received only SOC. With PET-CT/MRI, these subjects can be identified at screening to permit Multikine treatment before surgery.

About CEL-SCI Corporation

CEL-SCI believes that boosting a patient’s immune system while it is still intact should provide the greatest possible impact on survival. Therefore, in the Phase 3 study, CEL-SCI studied patients who were newly diagnosed with locally advanced primary squamous cell carcinoma of the head and neck (oral cavity and soft-palate) with the investigational product Multikine first, BEFORE they received surgery and radiotherapy or surgery plus concurrent radiotherapy and chemotherapy (the current standard of care for these patients). We believe that this approach is unique. Most other cancer immunotherapies are administered only after conventional therapies have been tried and/or failed.

Multikine is designed to help the immune system “target” the tumor at a time when the immune system is still relatively intact and thereby thought to be better able to mount an attack on the tumor. The Phase 3 study enrolled 928 patients.

Multikine (Leukocyte Interleukin, Injection) received Orphan Drug designation from the FDA for neoadjuvant therapy in patients with squamous cell carcinoma (cancer) of the head and neck.

The Company has operations in Vienna, Virginia, and near/in Baltimore, Maryland.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words “intends,” “believes,” “anticipated,” “plans” and “expects,” and similar expressions, are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Such statements include, but are not limited to, statements about the terms, expected proceeds, use of proceeds and closing of the offering. Factors that could cause or contribute to such differences include an inability to duplicate the clinical results demonstrated in clinical studies, timely development of any potential products that can be shown to be safe and effective, receiving necessary regulatory approvals, difficulties in manufacturing any of the Company’s potential products, inability to raise the necessary capital and the risk factors set forth from time to time in CEL-SCI’s filings with the Securities and Exchange Commission, including but not limited to its report on Form 10-K for the year ended September 30, 2022. The Company undertakes no obligation to publicly release the result of any revision to these forward-looking statements which may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

* Multikine (Leukocyte Interleukin, Injection) is the trademark that CEL-SCI has registered for this investigational therapy. This proprietary name is subject to FDA review in connection with the Company’s future anticipated regulatory submission for approval. Multikine has not been licensed or approved for sale, barter or exchange by the FDA or any other regulatory agency. Similarly, its safety or efficacy has not been established for any use.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230714808839/en/

Gavin de Windt

CEL-SCI Corporation

(703) 506-9460

KEYWORDS: District of Columbia Virginia Europe United States North America

INDUSTRY KEYWORDS: Oncology Health FDA General Health Clinical Trials Pharmaceutical Biotechnology

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Toews Agility Shares™ Managed Risk ETF Recognized as Top Rated among Morningstar’s Options Trading ETFs Over 3-Year Period

The five-star rated ETF surpasses peer funds and seeks to deliver risk management to combat market volatility.

NEW YORK–(BUSINESS WIRE)–
Toews Agility Shares™ Managed Risk ETF (NYSE: MRSK), rated 5 stars by Morningstar out of 90 ETFs in the Options Trading Category* for the three year period ending June 30, 2023, seeks constant US equity exposure employing an options strategy to manage risk. This investment strategy seeks to provide a constant hedge for market downside without limiting market exposure to equity rallies. This strategy has historically been able to navigate the dichotomy of stocks’ upward momentum and the longer term heightened risk of markets, spurred by prolonged inflation and growing global debt.

“MRSK is uniquely poised to seek to deliver investors a risk-managed solution that does not limit their ability to participate in markets’ rallies,” market participation that may address contingencies for downside risk mitigation,” says Phillip Toews, CEO and Co-Portfolio Manager for Toews. “Many hedged products on the market offer buffers that place limits or caps on gains and only account for a specific percentage of market decline. We’ve introduced an alternative strategy that addresses market contingencies to offer a more comprehensive and dynamic investment solution.”

Toews will be celebrating this ETF’s achievement and the three-year anniversary of the Agility Shares ETFs by ringing the closing bell of the New York Stock Exchange on July 14th, 2023.

To learn more about Toews Agility Shares™, please visit www.toewsetfs.com.

	1 Mo. (cumulative)	3 Mo. (cumulative)	YTD (Cumulative)	1 Yr (Annualized)	3 Yr (Annualized)	Since Inception 6/24/2020 (Annualized)
Toews Agility Managed Risk ETF – NAV	4.1%	7.0%	13.1%	13.2%	11.3%	11.9%
Toews Agility Managed Risk ETF – Market Performance	4.5%	6.7%	13.2%	13.7%	11.6%	11.9%
US Fund Options Trading Morningstar Category	3.7%	5.4%	11.3%	13.6%	6.9%	6.9%
S&P 500 TR USD	6.6%	8.7%	16.9%	19.6%	14.6%	14.6%
CBOE S&P 500 BuyWrite BXM PR USD	2.1%	4.3%	10.5%	9.0%	10.6%	11.1%
*Data as of 6/30/2023

The Market Price represents the Fund’s closing market price through June 30, 2023.

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. Please review the Fund’s prospectus for more detail on the expense waiver. Without these waivers, the Fund’s total annual operating expenses would be 1.81%. The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until August 31, 2023, to ensure that the net annual Fund operating expenses will not exceed 0.95%, subject to possible recoupment from the Fund in future years. Results shown reflect the waiver, without which the results could have been lower. A fund’s performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month-end, please call toll-free 877-558-6397.

Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.

About Toews Agility Shares™

Toews Agility Shares™ provides risk-managed strategies within actively managed exchange-traded funds for investors. It strives to offer efficiency, tradability and transparency. Toews Agility Shares™ is powered by Toews’ research, innovation and expertise in working with investors since 1994.

For more information, please visit www.toewsetfs.com.

About Toews Asset Management

Toews Asset Management is an SEC-registered investment advisor founded in 1994. Most investors hope to avoid losses and realize growth. Toews builds portfolios that primarily seek to reduce risk of loss in crisis environments, as well as attempt to participate in market gains. Our process is not based on subjective or predictive methodology. It has used a heavily researched and price-reactive algorithm since 1996 that provides a signal for investment exit and re-entry points.

For more information, visit www.toewscorp.com.

5806045_093023 MK ETF

Important Risk Information

The Fund’s use of futures contracts involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include leverage risk and correlation or tracking risk. Because futures require only a small initial investment in the form of a deposit or margin, they involve a high degree of leverage. The fund may have options risk. Options are subject to changes in the underlying securities or index of securities on which such instruments are based. The fund may invest in ETF’s. ETFs are subject to investment advisory fees and other expenses, which will be indirectly paid by the Fund. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in ETF’s and may be higher than other mutual funds that invest directly in securities. There is equity risk, as the price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably.

ETF’s involve risk including possible loss of principal. An investor should consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing. This and other information about the Fund is contained in the Fund’s prospectus, which can be obtained by calling 877-558-6397 or visiting https://toewscorp.com/mutual-funds/. Please read the prospectus carefully before investing. The Toews Funds are distributed by Northern Lights Distributors LLC, member FINRA/SIPC. Toews Asset Management is not affiliated with Northern Lights Distributors, LLC. 2110-NLD-07132023

The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

© 2023 Morningstar. All Rights Reserved. The information contained herein: 1) is proprietary to Morningstar and/or its content providers; 2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

*Options Trading Morningstar Category use a variety of options trades, including put writing, options spreads, options-based hedged equity, and collar strategies, among others. In addition, strategies in this group that engage in option writing may seek to generate a portion of their returns, either indirectly or directly, from the volatility risk premium associated with options trading strategies. Funds in the category will typically have beta values to relevant benchmarks of less than 0.6.

The S&P 500 TR USD Index measures the performance of 500 widely held stocks in the US equity market. Standard and Poor chooses member companies for the index based on market size, liquidity and industry group representation. Included are the stocks of industrial, financial, utility, and transportation companies. Since mid-1989, this composition has been more flexible and the number of issues in each sector has varied. It is market capitalization weighted.

The CBOE S&P 500 BuyWrite BXM PR USD Index measures the performance of a portfolio that engages in a buy-write strategy using S&P 500 index call options. It is a passive total return index based on selling the near-term, near-the-money S&P 500 Index (SPX) call option against the S&P 500 stock index portfolio each month. The SPX call that is sold (or written) will have approximately one month remaining to expiration, with an exercise price just above the prevailing index level (i.e., slightly out of the money). The premium collected from the sale of the call is added to the portfolio’s total value. The SPX call is held until its expiration, at which time a new one-month, near-the-money call is written. The expired option, if exercised, is settled in cash.

Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole.

Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230714450618/en/

Media

Klaudia Wierzbowska

Gregory FCA for Toews Agility Shares™

Email: [email protected]

Phone: 570-856-1360

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Asset Management Professional Services Finance

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Synovus promotes Charlie Clark to president of community bank

COLUMBUS, Ga.–(BUSINESS WIRE)–
Synovus Bank has named Charlie Clark as president of the community bank, effective July 10. In this new position, Clark will advance the community bank’s geography-based delivery model. This includes management of local leadership across the bank’s five-state footprint as they continue to build and deepen relationships while delivering exceptional service to clients.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230713650113/en/

“I’m excited to see Charlie step into this expanded role,” said Synovus Executive Vice President, Chief Community Banking and Wealth Services Officer Wayne Akins. “His tenured commercial banking expertise and proven ability to lead and build strong, cohesive and successful teams make him the right choice for this new strategic role in our company. Charlie is a trusted partner with his clients and those who work alongside him across our company.”

A 17-year Synovus team member, Clark joined the company in 2006 as a management associate. He has served as senior director in wholesale banking since 2019. His career trajectory includes roles as portfolio manager, credit analyst and commercial loan officer before stepping into a leadership position in 2014 as senior vice president and director, middle market banking.

Clark earned his bachelor’s degree from the University of Mississippi and currently serves on the board of directors for its Banking and Finance School. He also graduated from the American Bankers Association Stonier Graduate School of Banking and the Leadership Program at The Wharton School at the University of Pennsylvania.

Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and consumer banking in addition to a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230713650113/en/

Audria Belton

Media Relations

[email protected]

KEYWORDS: United States North America Georgia

INDUSTRY KEYWORDS: Personal Finance Finance Banking Professional Services Asset Management

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Charlie Clark, President of Community Bank (Photo: Business Wire)

UNDERTAKER 1 deadMAN SHOW on Tour This August & November

Tickets for Louisville, St. Louis, Kansas City, Indianapolis, Cleveland & Pittsburgh Shows On Sale Friday, July 21

STAMFORD, Conn.–(BUSINESS WIRE)–
WWE^® (NYSE: WWE) today announced that the critically acclaimed UNDERTAKER 1 deadMAN SHOW will add stops in Louisville, St. Louis, Kansas City, Indianapolis, Cleveland and Pittsburgh in the coming months.

The one-man show featuring WWE Legend The Undertaker returns Thursday, August 24 at The Kentucky Center-Bomhard Theatre in Louisville, Kentucky. Tickets are available at www.kentuckyperformingarts.org.

Additional tour stops include:

• Friday, August 25 – St. Louis at The Pageant – Tickets available via www.ticketmaster.com
• Saturday, August 26 – Kansas City, Mo. at Uptown Theater – Tickets available via www.ticketmaster.com
• Thursday, November 9 – Indianapolis at Murat Egyptian Room at Old National Centre – Tickets available via www.ticketmaster.com
• Friday, November 10 – Cleveland at The Agora – Tickets available via www.agoracleveland.com/
• Saturday, November 11 – Pittsburgh at Byham Theater – Tickets available via www.trustarts.org

UNDERTAKER 1 deadMAN SHOW will feature “The Phenom” in an intimate setting, sharing never-before-heard stories from his Hall of Fame career and taking questions from the WWE Universe in attendance. The show has sold out venues in Nashville, Philadelphia, Boston, Los Angeles, Las Vegas, San Antonio and London since debuting last summer.

Tickets for the upcoming UNDERTAKER 1 deadMAN SHOW tour are available beginning Friday, July 21 at 10 a.m. local time. Exclusive pre-sale opportunities will be available beginning Thursday, July 20 at 10 a.m. local time. A limited number of VIP tickets, which includes premier seating and a meet-and-greet with The Undertaker, will also be available for each show.

About WWE

WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, premium live events, digital media and publishing platforms. WWE’s TV-PG programming can be seen in more than 1 billion homes worldwide in 25 languages through world-class distribution partners including NBCUniversal, FOX, BT Sport, Sony India and Rogers. The award-winning WWE Network includes all premium live events, scheduled programming and a massive video-on-demand library and is currently available in more than 180 countries. In the United States, NBCUniversal’s streaming service, Peacock, is the exclusive home to WWE Network.

Additional information on WWE can be found at wwe.com and corporate.wwe.com.

Forward-Looking Statements: This press release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding our outlook regarding future financial results, the impact of recent changes to management and our board of directors (the “Board”): the timing and outcome of the Company’s media and other rights negotiations including major domestic programming licenses before their expirations through 2024: the Company’s pending business combination with UFC, our plans to remediate identified material weaknesses in our disclosure control and procedures and our internal control over financial reporting, and regulatory, investigative or enforcement inquiries, subpoenas or demands arising from, related to, or in connection with these matters. The words “may,” “will,” ·could,” ·anticipate,” “plan,” “continue,” “project,” “intend,” ·”estimate,” “believe,” ·expect,” ·outlook,” “target.” “goal,” ·”guidance” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These statements relate to future possible events, as well as our plans, objectives, expectations and intentions and are not historical facts and accordingly involve known and unknown risks and uncertainties and other factors that may cause the actual results or the performance by us to be materially different from expected future results or performance expressed or implied by any forward-looking statements.

These forward-looking statements are subject to uncertainties relating to, without limitation, the consummation of the pending business combination with UFC in the expected timeline or at all; diversion of management’s time and attention due to the pending business combination with UFC: the availability of sufficient cash at the close of our transaction with UFC to distribute to shareholders of the new public company in line with current expectations; possible disruptions in our content delivery and online operations and our those of our business partners; privacy norms and regulations; our need to continue to develop creative and entertaining programs and events; our need to retain and continue to recruit key performers; the possibility of a decline in the popularity of our brand of sports entertainment: possible adverse changes in the regulatory atmosphere and related private sector initiatives: the highly competitive. rapidly changing and increasingly fragmented nature of the markets in which we operate and/or our inability to compete effectively, especially against competitors with greater financial resources or marketplace presence; uncertainties associated with international markets including possible disruptions and reputational risks; our difficulty or inability to promote and conduct our live events and/or other businesses if we do not comply with applicable regulations; our dependence on our intellectual property rights, our need to protect those rights, and the risks of our infringement of others’ intellectual property rights; potential substantial liability in the event of accidents or injuries occurring during our physically demanding events; large public events as well as travel to and from such events; our expansion into new or complementary businesses, strategic investments and/or acquisitions; our accounts receivable; the construction and move to our new leased corporate and media production headquarters; litigation and other actions, investigations or proceedings; a change in the tax laws of key jurisdictions; inflationary pressures and interest rate changes; our indebtedness including our convertible notes; our potential failure to meet market expectations for our financial performance; our share repurchase program; the impact of actions by Mr. McMahon (our controlling shareholder, whose interests could conflict with those of our Class A common stockholders); the substantial number of shares are eligible for sale by the McMahons and the sale, or the perception of possible sales, of those shares could cause our stock price to decline; and the volatility in trading prices of our Class A common stock. In addition. our dividend and share repurchases are dependent on a number of factors, including. among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital, our financial results and condition. contractual and legal restrictions, general economic and competitive conditions and such other factors as our Board may consider relevant.

Forward-looking statements made by the Company speak only as of the date made and are subject to change without any obligation on the part of the Company to update or revise them. Undue reliance should not be placed on these statements. For more information about risks and uncertainties associated with the Company’s business. please refer to any documents filed, or to be filed, by the Company with the SEC, including, but not limited to, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of our annual reports on Form 10‑K and 10‑K/A and quarterly reports on Form 10‑Q/A and Form 10‑Q.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230714510252/en/

Media:

Chuck Kingsbury

[email protected]

Investors:

Seth Zaslow

203 352 1026

[email protected]

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Wrestling TV and Radio Entertainment Sports

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JetBlue Announces Record and Payment Dates for July 2023 Additional Prepayment to Spirit Stockholders

NEW YORK–(BUSINESS WIRE)–
As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set July 25, 2023, as the record date for the July 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “July 2023 Additional Prepayment”), with payment of the July 2023 Additional Prepayment to occur on July 31, 2023. Pursuant to the Merger Agreement, Spirit stockholders as of the July 25, 2023, record date will be entitled to receive the July 2023 Additional Prepayment.

About JetBlue

JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. JetBlue, known for its low fares and great service, carries customers to more than 100 destinations throughout the United States, Latin America, Caribbean, Canada, the United Kingdom and France. For more information and the best fares, visit jetblue.com.

Forward Looking Statements

This press release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which represent our management’s beliefs and assumptions concerning future events. These statements are intended to qualify for the “safe harbor” from liability established by the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “expects,” “plans,” “intends,” “anticipates,” “indicates,” “remains,” “believes,” “estimates,” “forecast,” “guidance,” “outlook,” “may,” “will,” “should,” “seeks,” “goals,” “targets” and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed, or assured. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, the COVID-19 pandemic and government-imposed measures to control its spread; risk associated with execution of our strategic operating plans in the near-term and long-term; our extremely competitive industry; risks related to the long-term nature of our fleet order book; volatility in fuel prices and availability of fuel; increased maintenance costs associated with fleet age; costs associated with salaries, wages and benefits; risks associated with doing business internationally; our reliance on high daily aircraft utilization; our dependence on the New York metropolitan market; risks associated with extended interruptions or disruptions in service at our focus cities; risks associated with airport expenses; risks associated with seasonality and weather; our reliance on a limited number of suppliers; risks related to new or increased tariffs imposed on commercial aircraft and related parts imported from outside the United States; the outcome of lawsuits filed against us related to our Northeast Alliance (the “NEA”) with American Airlines Group Inc. (“American”), including the decision by the U.S. District Court for the District of Massachusetts in the lawsuit brought by the U.S. Department of Justice and certain Attorneys General; our subsequent termination of the NEA and related agreements with American and the related impact of any requirements imposed on us to wind down the NEA and such related agreements; the occurrence of any event, change or other circumstances that could give rise to the right of JetBlue or Spirit Airlines, Inc. (“Spirit”) or both of them to terminate the Merger Agreement; failure to obtain certain governmental approvals necessary to consummate the merger with Spirit (the “Merger”); the outcome of the lawsuit filed by the Department of Justice and certain state Attorneys General against us and Spirit related to the Merger; risks associated with failure to consummate the Merger in a timely manner or at all; risks associated with the pendency of the Merger and related business disruptions; indebtedness following consummation of the Merger and associated impacts on business flexibility, borrowing costs and credit ratings; the possibility that JetBlue may be unable to achieve expected synergies and operating efficiencies within the expected timeframes or at all; challenges associated with successful integration of Spirit’s operations; expenses related to the Merger and integration of Spirit; the potential for loss of management personnel and other key crewmembers as a result of the Merger; risks associated with effective management of the combined company following the Merger; risks associated with JetBlue being bound by all obligations and liabilities of Spirit following consummation of the Merger; risks associated with the integration of JetBlue and Spirit workforce, including with respect to negotiation of labor agreements and labor costs; the impact of the Merger on JetBlue’s earnings per share; risks associated with cybersecurity incidents; heightened regulatory requirements concerning data security compliance; risks associated with reliance on, and potential failure of, automated systems; our inability to attract and retain qualified crewmembers; our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; reputational and business risk from an accident or incident involving our aircraft; risks associated with our reputation and brand; our significant fixed obligations; our substantial indebtedness; financial risks associated with credit card processors; restrictions as a result of our participation in governmental support programs; risks associated with seeking short-term additional financing liquidity; failure to realize the value of intangible or long-lived assets; risks associated with disease outbreaks or environmental disasters affecting travel behavior; compliance with future environmental regulations; the impacts of federal budget constraints or federally imposed furloughs; climate change; changes in government regulations in our industry; acts of war or terrorism; global economic conditions or an economic downturn leading to a continuing or accelerated decrease in demand for air travel; and risks associated with the implementation of 5G wireless technology near airports that we operate in. It is routine for our internal projections and expectations to change as the year or each quarter in the year progresses, and therefore it should be clearly understood that the internal projections, beliefs, and assumptions upon which we base our expectations may change prior to the end of each quarter or year. Any outlook or forecasts in this press release have been prepared without taking into account or consideration the Merger with Spirit.

Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. You should understand that many important factors, in addition to those discussed in this press release, could cause our results to differ materially from those expressed in the forward-looking statements. Further information concerning these and other factors is contained in JetBlue’s filings with the Securities and Exchange Commission, or SEC, including but not limited to, JetBlue’s 2022 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. In light of these risks and uncertainties, the forward-looking events discussed in this press release might not occur. Our forward-looking statements speak only as of the date of this press release. Other than as required by law, we undertake no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230714980609/en/

JetBlue Corporate Communications

Tel: +1.718.709.3089

[email protected]

JetBlue Investor Relations

Tel: +1.718.709.2202

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Transportation Air Transport Travel

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Posted on July 14, 2023 9:03 am

You’re Breaking Up: More Than Half of Americans Say It’s Easier to Find a New Romantic Partner Than a New Mobile Provider

You’re Breaking Up: More Than Half of Americans Say It’s Easier to Find a New Romantic Partner Than a New Mobile Provider

July 14^th is National Break Free from the Big Three Day, Xfinity Mobile urges people to reconsider their relationship with their mobile provider

PHILADELPHIA–(BUSINESS WIRE)–
Today marks the third annual “Break Free from the Big Three Day” – a day dedicated to breaking free from bad habits, bad relationships and stale mobile plans. A survey by Comcast found that 51 percent of Americans say it’s easier to find a new romantic partner than a new mobile provider. Xfinity Mobile wants to make switching easier for the one in five Americans looking for a new mobile provider by offering a convenient, cost-effective alternative to Verizon, T-Mobile, and AT&T.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230714200940/en/

National Break Free From The Big Three Day (Graphic: Business Wire)

Nearly half of all Americans (48 percent) have had a negative experience with their current mobile provider due to bad coverage, while nearly seven in ten Americans (69%) would move on to a new service provider if they experienced price increases. On National Break Free from the Big Three Day, it’s time for a fresh start with a new mobile provider that will save consumers from complicated billing charges, spotty coverage, and customer service headaches.

“Finding a new mobile provider shouldn’t be as stressful as dating,” said Kohposh Kuda, Senior Vice President Xfinity Mobile and Voice, Comcast Cable. “Xfinity Mobile offers straight-forward plans that can save you hundreds of dollars on your mobile bill every year. And with the ability to mix-and-match plans, it’s easy to tailor your mobile experience to what you actually need, instead of being stuck in a long-term relationship with your provider.”

Breaking Up Is Hard to Do

Breaking up with your mobile provider can be tough. Even when people decide they’ve had enough many drag their feet when it comes to canceling. On average, Americans who decide to sever ties with their mobile provider end up staying for an additional six months because they kept forgetting to cancel. A third of parents (33 percent) stay for over a year compared to 19 percent of non-parents.

More than 3 in 4 people (76 percent) would be willing to have their new mobile provider “break up” with their old one for them. Xfinity Mobile is here to help. Customers looking to switch to Xfinity Mobile can walk into any Xfinity Store and ask for help to switch their service, from swapping out a SIM card, porting a phone number, and even breaking up with a customer’s previous carrier.

Parents Have it Hardest

Parents are particularly prone to be over their mobile provider. A third of parents (33 percent) say they are done and ready for a change, more than double that of non-parents (14 percent). The biggest gripe for parents is pricing. In fact, parents report they are four times more likely than non-parents to be always looking for the next new plan. And when families do decide to move on, kids are usually impacted by breakups with mobile service providers. More than half of parents (53 percent) have their kids on their service plans, with kids getting their first phone at the average age of 11.

Xfinity Mobile offers parents the tools they need to make sure everyone in the family is happy. Parental controls, flexible plans, and the ability to share data across users makes Xfinity a great option to add to your family.

The Last Straw

Americans cited a number of reasons for wanting out of their relationship with their current mobile provider. The largest driver was price increase(s) (69 percent), followed by spotty coverage/dropped calls (50 percent), unexplained charges (49 percent) and slow data speeds (48 percent). Fortunately, Xfinity Mobile offers straightforward pricing, with by the gig plans starting at only $15 a month, and unlimited plans starting at $30 a month per line for two or more lines.

Now’s The Time to Switch

There are several device deals happening right now for customers looking to break up with their current provider and switch to Xfinity Mobile. New and existing customers can get up to $800 toward select iPhones, including the iPhone 12, 13, and 14 with an eligible trade-in. New customers porting their line can also get $100 off a Pixel 7a, or a Samsung A54 G5 “On Us” (a $449.99 value). Want to bring your own device? Xfinity Mobile is also offering a $100 Visa gift card for customers who BYOD.

Xfinity customers can also celebrate Break Free from the Big Three Day on X1. All they have to do is say, “Break Free Day” into their Xfinity voice remote to pull up dozens of movies, TV shows and songs about break up, heartache, and tainted love.

With millions of lines added since its launch in 2017, Xfinity Mobile is one of the fastest growing mobile providers in the country. Rated the fastest mobile service with 5G cellular and millions of WiFi hotspots throughout Comcast’s extensive WiFi footprint*, Xfinity Mobile delivers a great wireless experience for less money. Approximately 90 percent of Xfinity Mobile customers’ data is over WiFi, allowing customers to use less data and connect to the Xfinity 10G Network.

Xfinity offers unparalleled convenience by offering customers unlimited or by the gig options, and customers can always change their plans even in the middle of their billing cycle. And with mobile plans starting for as little as $15 a month, customers can save hundreds every year.

About the Survey

The survey, conducted by Wakefield Research, polled 1,000 nationally representative US adult smartphone users, ages 18+, between May 31st and June 6th, 2023, using an email invitation and an online survey. Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.

*Based on consumer testing of mobile WiFi and cellular data performance from Ookla® Speedtest Intelligence® data in Q2 ’23 for Comcast service areas, verified by Ookla for Comcast’s analysis.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230714200940/en/

Press:

Joel Shadle

Comcast Corporate Communications

703-906-2645

Camillia Travia

Comcast Corporate Communications

267-582-6411

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: TV and Radio Consumer Electronics Carriers and Services Technology Women General Entertainment Entertainment Men Telecommunications Mobile/Wireless Consumer

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National Break Free From The Big Three Day (Graphic: Business Wire)

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National Break Free From The Big Three Day (Graphic: Business Wire)