Thinking about trading options or stock in Lululemon Athletica, Global Payments, Exxon Mobil, Caesars Entertainment, or Pfizer?

PR Newswire

NEW YORK, Sept. 9, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for LULU, GPN, XOM, CZR, and PFE.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

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SOURCE InvestorsObserver

Thinking about trading options or stock in CarMax, American Water Works, Draftkings, Moderna, or Tesla?

PR Newswire

NEW YORK, Sept. 9, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for KMX, AWK, DKNG, MRNA, and TSLA.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options traading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

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SOURCE InvestorsObserver

Thinking about buying stock in Blade Air Mobility, Support.com, Hyzon Motors, Genius Sports, or Frontline?

PR Newswire

NEW YORK, Sept. 9, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for BLDE, SPRT, HYZN, GENI, and FRO.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

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SOURCE InvestorsObserver

LyondellBasell gains ISCC PLUS certification to extend Circulen product line to North America

PR Newswire

HOUSTON, Sept. 9, 2021 /PRNewswire/ — LyondellBasell (NYSE: LYB) today announced the company has obtained the International Sustainability and Carbon Certification (ISCC) PLUS certification for certain grades of polyethylene and polypropylene produced at four of its U.S. manufacturing sites. ISCC PLUS certification is a globally-recognized system for providing traceability of recycled and renewable-based materials across the supply chain.

ISCC PLUS certification enables LyondellBasell to extend its Circulen suite of products to customers in North America and offer mass balance certificates for these products. The company will begin North American Circulen production with its CirculenRevive products, which are polymers produced from plastic waste through an advanced recycling process1, initially using feedstock provided by third parties. LyondellBasell expects to gradually ramp up production to meet growing demand over the coming years.

“The ISCC PLUS certification of four of our North American sites will help us bring more sustainable solutions to our customers,” said Ken Lane, LyondellBasell Executive Vice President of Global Olefins and Polyolefins. “By delivering these new CirculenRevive products, we are proving plastics have value beyond their initial use, in any application that virgin plastic is used. The ISCC PLUS certification helps us to accelerate our progress as an industry leader in the production and marketing of recycled and renewable-based polymers.”

LyondellBasell secured the certification for its crackers in Channelview, Texas and its polymer sites in Lake Charles, Louisiana; La Porte, Texas; and Clinton, Iowa. The company plans to broaden the ISCC PLUS certification to its other North American polymer plants. The ISCC PLUS certification is part of the company’s multi-pronged approach to help advance the circular economy. In addition, LyondellBasell continues to develop its own proprietary advanced (molecular) recycling technology to enable a more efficient chemical conversion process and use less energy than other technologies.

For more information on the Circulen suite of products, click here.


1
Using a mass-balance approach

About LyondellBasell

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world’s largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2021, LyondellBasell was named to FORTUNE Magazine’s list of the “World’s Most Admired Companies” for the fourth consecutive year. More information about LyondellBasell can be found at www.lyondellbasell.com.

Circulen is a trademark owned or used by the LyondellBasell family of companies.

 

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SOURCE LyondellBasell Industries

Illumina Commits to Net Zero Global Greenhouse Gas Emissions by 2050

PR Newswire

SAN DIEGO, Sept. 9, 2021 /PRNewswire/ — Illumina, Inc. (NASDAQ: ILMN) elevates climate action goals with commitments for net zero greenhouse gas emissions aligned with the Paris Agreement, commits to verified Science Based Targets, signs the Business Ambition for 1.5 degree and joins the United Nations campaign Race to Zero.

“Human health and the health of our environment are intertwined. At Illumina, we are dedicated to making a positive impact on humanity, through the applications of our breakthrough genomics technologies, and also through how we operate,” said Francis deSouza, Chief Executive Officer of Illumina. “With our commitment to responsible and sustainable practices, we aim to help shape a more sustainable and equitable future for all.”

Illumina has set science-based emission reduction targets across their entire value chain that are consistent with keeping global warming to 1.5°C above pre-industrial levels. They have also committed to a long-term target of net-zero emissions by 2050. Targets have been submitted for verification with the Science Based Targets initiative (SBTi) and include commitment to SBTi’s most ambitious guidelines.

Illumina has signed the “Business Ambition for 1.5°C,”  a global coalition set up by the UN Global Compact, the Science Based Targets initiative, and We Mean Business Ambition for 1.5°C. Illumina also joins the United Nations “Race to Zero” campaign in the run-up to the 26th UN Climate Change Conference of the Parties (COP26) and underlines Illumina’s commitment to leadership in corporate social responsibility. These elevated climate action goals represent an upgrade from previous targets Illumina had modeled using 2°C climate scenarios and an associated 30 percent emission reduction effort. In line with the latest research, Illumina has now adjusted their carbon emission reduction targets to the most aggressive climate action goals.

On the path to net zero, Illumina has established milestone targets including a 46 percent reduction of emissions from our direct operations by 2030 and a 46 percent reduction of emissions from our indirect operations with a focus on the value chain elements associated with purchased materials, transportation, investments, business travel, and employee commuting.

Included in Illumina’s Climate Action plan is a $20 million philanthropic commitment by 2030 to support initiatives dedicated to sustainability innovation, environmental education, urban tree planting, biodiversity research, sustainable agriculture projects. 

“We have integrated our sustainability goals into our giving strategy acknowledging that often the most vulnerable populations in the world are being impacted the most by climate change despite having contributed the least to the climate crisis,” said Sharon Vidal, Global Lead of Corporate Social Responsibility. “There is tremendous opportunity for innovation, collaboration, and community engagement to collectively make an impact and protect our communities and the planet.”

“Climate change represents a threat to human health, the environment, and the global economy,” said Sam Samad, Chief Financial Officer at Illumina. “Setting ambitious emission reduction targets are an important part of our overall business strategy to minimize risk associated with climate change, identify opportunities, build resilience on potential climate impact, and be transparent with all our stakeholders on our progress.”

The company’s net zero progress will be reported yearly in the annual Corporate Social Responsibility Report  and CDP submission.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as the global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture and other emerging segments. To learn more, visit www.illumina.com and connect with us on TwitterFacebookLinkedInInstagram, and YouTube.

Investors:

Brian Blanchett

+1.858.291.6421
[email protected]

Media:
Dr. Karen Birmingham
+1.646.355.2111
+44(0) 7500 105665
[email protected]

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SOURCE Illumina, Inc.

HMH Supports Educators Heading Back-to-School Nationwide with Major Platform Enhancements that Support Learning Recovery

HMH Growth Measure and redesigned Ed platform user experience foster positive student outcomes

PR Newswire

BOSTON, Sept. 9, 2021 /PRNewswire/ — Learning technology company Houghton Mifflin Harcourt today announced major enhancements to its connected teaching and learning platform, Ed® and to the HMH Growth Measure, its embedded, evidence-based assessment system. This next step in the evolution of HMH’s platform and built-in assessment functionality will create even more seamless integration across district and school edtech ecosystems, underscoring HMH’s commitment to supporting educators in COVID learning recovery and improving outcomes for all learners.

Combining the best of technology, content, and instruction, the newly-improved Ed provides a personalized user experience with HMH’s robust suite of programs. The new interface streamlines access to HMH solutions for both teachers and students with features and improvements like easier content discovery, enhanced lesson planning and rostering tools, and updates to the Teacher’s Corner professional learning content hub. HMH Go, the free mobile app, will continue to make it possible for students to complete exercises offline and sync-up the next time they’re connected.

Also part of this back-to-school refresh are programs newly available on Ed this fall, including HMH intervention program English 3D, which supports mastery of academic language for multilingual learners, an important focus for learning recovery. HMH’s adaptive practice program Waggle will include a new K-2 student experience for ELA and Math, providing the youngest learners with new opportunities to polish their foundational skills. Enhancements to Amira Learning, the award-winning AI-based reading tutor, will offer Spanish language support and expanded grade levels.

“We know the pandemic has widened the range of student achievement levels in one classroom, making it even more challenging for teachers to differentiate instruction and support their learners at various points on the learning continuum,” said Greg Collins, SVP of Platform at HMH. “By streamlining the user experience on Ed and introducing enhanced precision in assessment through the HMH Growth Measure, educators will be equipped with powerful data to make instructional decisions and an elegant user experience.”

New HMH Growth Measure features will enable increased precision for educators assessing where students are at the beginning of the new school year and throughout following months, including a new grade level equivalency indicator. Educators will be able to use this data to hone instruction, create groups, tailor assignments, and drive automated placement in HMH’s adaptive supplemental and intervention solutions. Leveraging data from the HMH Growth Measure, the Growth Report will now provide benchmark data at both the whole-class and individual-student levels, including an at-a-glance view that helps quickly identify the most at-risk students.

“The HMH Student Growth Measure is more than just another assessment,” said Maureen Ruether, Secondary Curriculum Coordinator for Springboro Schools. “With 25 years in education, it is refreshing to come across an ever-evolving tool that demystifies data collection for teachers. The feedback we are now able to provide parents and, more importantly, students is critical in meeting our achievement goals.”

To learn more, visit hmhco.com/connected.

About Houghton Mifflin Harcourt

Houghton Mifflin Harcourt (NASDAQ: HMHC) is a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve student outcomes. As a leading provider of K–12 core curriculum, supplemental and intervention solutions and professional learning services, HMH partners with educators and school districts to uncover solutions that unlock students’ potential and extend teachers’ capabilities. HMH serves more than 50 million students and 3 million educators in 150 countries. For more information, visit www.hmhco.com.

Follow HMH on TwitterFacebook, Instagram and YouTube.

Contact

Katie Marshall

Communications Manager
Houghton Mifflin Harcourt
617-351-5057
[email protected]

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SOURCE Houghton Mifflin Harcourt

Forrester Introduces New Forrester Decisions Service For Technology Executives

Service helps leaders become future fit and use technology to drive business value, growth, and differentiation

PR Newswire

CAMBRIDGE, Mass., Sept. 9, 2021 /PRNewswire/ — Forrester (Nasdaq: FORR) introduces Forrester Decisions for Technology Executives to help technology executives adapt quickly to changing business needs. This service offers bold vision research, curated tools and frameworks, and hands-on guidance to enable firms to establish future fit strategies — the ability to quickly reconfigure business structures and capabilities to meet future customer and employee needs with adaptivity, creativity, and resilience. According to Forrester, future fit firms grow 2.7x faster than their peers.

Forrester Decisions for Technology Executives — part of the Forrester Decisions research product portfolio — is designed to empower leaders and their teams to move quickly, de-risk decisions, and save time and money when tackling their most pressing priorities, including:

  • Demonstrating the business value of technology.
  • Delivering a high-performing organization.
  • Embedding privacy and cybersecurity in the company.
  • Optimizing tech stack and services.
  • Enabling an insights-driven business.
  • Evaluating and experimenting with emerging tech.
  • Inspiring and innovating with technology.

“Two factors are straining technology leaders: a pivot to enable remote workforces and increased pressure to shift to digital business models,” said Sharyn Leaver, SVP of research at Forrester. “Most businesses have proven unprepared to handle these shifts, with upwards of 20% of Fortune 500 companies projected to either dissolve assets or go out of business this year. Meanwhile, only 36% of firms plan to operate IT as usual. Forrester Decisions provides the tools and guidance needed to help technology leaders and their teams adapt quickly and position themselves for long-term growth.”

Additionally, Forrester Decisions offers a personalized digital experience to help users intuitively navigate and share content. Forrester Decisions for Technology Executives includes three core components to help technology leaders make progress on today’s priorities and plan for the future:


1. Bold vision research showcasing the latest insights, trends, predictions, and market forecasts to stay ahead of shifting customer and market dynamics. Examples include:

  • Customer insights. Access to data snapshots that explore consumer and business buyer attitudes, behaviors, and technology adoption.
  • Forrester’s signature research. Forrester’s take on the important trends impacting business today. This includes research such as Use A Future Fit Technology Strategy To Drive Business Value, which explores how technology executives should pursue a future fit technology strategy to improve the technology foundations and innovations their firms need to win, serve, and retain customers.


2. Curated tools and frameworks to tackle priorities with strategic models and plug-and-play templates, including:

  • Strategic models. Each Forrester Decisions service contains a core set of strategic models designed to help leaders take action immediately on their most pressing priorities. For example, Forrester’s adaptive IT operating model factors in six components — customers, services, capabilities, structure, governance, and leadership — to help technology leaders fuel customer obsession and business growth.
  • Peer benchmarks. Forrester Decisions provides clients with access to IT performance and operational benchmarks from more than 5,600 unique assessments across several regions and industries.
  • Assessments. Technology executives can measure their state of future fitness to see if they have the right people, skills, and technology to achieve their objectives.


3. Hands-on guidance to apply Forrester research to specific needs:

Resources:

  • To learn more about Forrester Decisions for Technology Executives, visit here.
  • To access insights for technology executives, visit here.
  • Learn more about why leading firms have been using a future fit technology strategy.
  • Register to attend Forrester’s Technology & Innovation North America 2021 conference.
  • Register to attend Forrester’s Data Strategy & Insights 2021 conference.

About Forrester

Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, marketing, customer experience, product, and sales functions use customer obsession to accelerate growth. Through Forrester’s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work — to navigate change and put their customers at the center of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 675,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave™ evaluations; over 52 million real-time feedback votes; and the shared wisdom of our clients. To learn more, visit Forrester.com.

Media Contact:
Ira Kantor
Public Relations
Forrester Research, Inc.
[email protected]

 

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SOURCE Forrester

A Size-Inclusive Fashion Pioneer, QVC, and Leading Style Influencer, Tanesha Awasthi, Launch Girl With Curves

Awasthi Brings Timeless and Chic Size-Inclusive Designs Exclusively to Multiplatform Livestreaming Innovator

PR Newswire


WEST CHESTER, Pa.
, Sept. 9, 2021 /PRNewswire/QVC®, a pioneer of size inclusivity and champion of inclusive fashion, is collaborating with leading influencer, style icon, and size inclusivity advocate Tanesha Awasthi to launch a QVC-exclusive apparel brand. Girl With Curves will air live on QVC on September 11, 2021, and all items will be available on QVC.com and all QVC apps on September 10, 2021.

“My mission is to inspire confidence and celebrate curves in every size,” said Awasthi.


Tanesha Awasthi is the future of inclusive fashion. Her collection is inspired by her own life experiences with the struggle to find clothes for a curvy figure. I know that many of our customers will have a great appreciation for that,” said Rachel Ungaro, Vice President/General Merchandise Manager of Apparel for QVC. Shes authentic, relatable, and passionate about fashion, fit, and inclusivity. Our broadcast, streaming, web, social and mobile platforms will provide Tanesha with the opportunity to reach millions of people who will surely embrace her authenticity. We cant wait to introduce her to our QVC community.”

Livestream shopping leader, QVC, has been committed to size-inclusive apparel for over 30 years. At QVC, customers can shop fashion by style, color, fabric, design, or season rather than size. Across platforms, apparel is available in all sizes from XXS to 3X or 5X.  QVC ensures that every customer is offered the same price, no matter the size. Inclusivity and accessibility are at the core of the Girl With Curves mission, aligned with QVCs commitment to inclusivity in all its forms.

Girl With Curves collection is designed for modern, fashion-forward women who appreciate a classic style with a contemporary twist. Awasthi brings Girl With Curves collection to QVC with the intention of inclusivity and accessibility, featuring elevated wardrobe staples and statement pieces for every aspect of a woman’s lifestyle. Designs from this collection are sophisticated but effortless and versatile enough for every woman’s figure.


My mission is to inspire confidence and celebrate curves in every size,” said Awasthi.

Girl With Curves is polished but practical, elevated yet effortless — it’s a modern take on classic fashion made to fit and flatter curves of all shapes and sizes.”

Awasthi created the Girl With Curves brand in 2011 as a style blog intended to inspire women of all shapes and sizes. Today, Awasthi leads a community of over a million followers through her blog and social media channels, offering style inspiration, body confidence tips, and more. Since 2013, Awasthi has worked to ensure that her designs are made to fit and flatter curves of all shapes and sizes while
compliment
ing the figure of whoever wears them.

Girl With Curves collection will be available on QVC.com on September 10. Tanesha will appear live on QVC on September 11 to share more about her collection. To learn more about Girl With Curves, visit QVC.com or any of the corresponding QVC apps.



About QVC®


 

QVC is a world leader in video commerce across broadcast, streaming, mobile, and social platforms, offering engaging, interactive shopping experiences for millions of people worldwide and large audiences for thousands of vendors. 
QVC delivers the joy of discovery through the power of relationships. Every day, QVC engages millions of shoppers in a journey of discovery through an ever-changing collection of familiar brands and fresh new products, from home and fashion to beauty, electronics, and jewelry. Along the way, QVC connects shoppers to interesting personalities, engaging stories, and award-winning customer service. Based in West Chester, Pa., and founded in 1986, QVC has retail operations in the U.S., the U.K., Germany, Japan, and Italy. Worldwide, 
QVC reaches 218 million homes via its 12 broadcast networks and reaches millions more via 
multiple streaming services, websites, mobile apps, and social pages. To learn more, visit corporate.qvc.com, follow @QVC on FacebookInstagram, or Twitter, or follow QVC on PinterestYouTube, or LinkedIn. 
 


Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP) includes QVC, HSN®, Zulily® and the Cornerstone brands (collectively, “Qurate Retail GroupSM“), as well as other minority interests and green energy investments. Qurate Retail Group believes in a Third Way to Shop® – beyond transactional ecommerce or traditional brick-and-mortar stores. In addition to being a world leader in video commerce, Qurate Retail Group is among the top ecommerce retailers in North America (according to Digital Commerce 360) and is a leader in mobile commerce and social commerce. For more information, visit www.qurateretailgroup.com, follow @QurateRetailGrp on FacebookInstagram or Twitter, or follow Qurate Retail Group on YouTube or LinkedIn. QVC and Q are registered service marks of ER Marks, Inc. 

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SOURCE QVC

SS&C ALPS Advisors Launches the ALPS Global Travel Beneficiaries ETF (JRNY)

JRNY may provide a holistic and more diversified exposure to the secular tailwinds in global travel

PR Newswire

WINDSOR, Conn. and DENVER, Sept. 9, 2021 /PRNewswire/ — SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) today announced that SS&C ALPS Advisors, an asset manager and wholly-owned subsidiary of SS&C, launched the ALPS Global Travel Beneficiaries ETF (JRNY).  

The Fund’s strategy provides diversified exposure to the global travel industry, which historically has outpaced global GDP growth for nine consecutive years between 2011 and 20191.

“SS&C ALPS Advisors continues to build a compelling suite of thematic strategies for ETF investors,” said Laton Spahr*, President of SS&C ALPS Advisors. “We believe global travel spending may improve as the global middle class expands and the desire to spend on experiences grows. Our new ETF may provide differentiated exposure to a potentially durable theme.”

The fund tracks the S-Network Global Travel Index, which identifies exchange-traded stocks of companies that are materially engaged in the global travel industry. The Fund’s portfolio invests in booking and rental agencies, airlines and airport services, hotels, casinos and cruise lines, along with travel-related companies identified through machine learning algorithms, such as luxury retail, entertainment, leisure, food and beverage, and payment processing vendors.

JRNY’s index utilizes a combination of quality and growth factors that may identify attractive investment opportunities in travel and tourism. A free cash flow ranking helps prioritize more persistent and sustainable investment characteristics, aiming to provide the highest quality and most comprehensive exposure to the global travel industry. 

“The artificial intelligence-driven screening process identifies additional companies that may benefit from the global travel ecosystem,” said Andy Hicks, Portfolio Manager, SS&C ALPS Advisors. “We believe the additional travel beneficiaries focus will diversify the fund’s global travel exposure.”

*Laton Spahr is a Registered Representative of ALPS Distributors, Inc. 


1

 Source: World Travel & Tourism Council, Economic Impact & Trends, 2021. June 2021.


Important Disclosures


An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus which contain this and other information call 866.759.5679 or visit www.alpsfunds.com. Read the prospectus carefully before investing.

ALPS Global Travel Beneficiaries ETF shares are not individually redeemable. Investors buy and sell shares of the ALPS Hillman Active Value ETF on a secondary market. Only market makers or “authorized participants” may trade directly with the fund, typically in blocks of 50,000 shares.

Travel Industry Risk. The Fund is subject to investment and operational risks associated with the travel industry. Companies engaged in the travel industry may be adversely affected by a downturn in economic conditions resulting in decreased demand for travel. These companies may be significantly impacted by the performance of the overall economy, changing consumer tastes and demands, consumer discretionary income levels, intense competition, technological developments, and government regulation. Additionally, uncertainty regarding international travel and other events such as political or social violence, terrorist attacks, and biological outbreaks may significantly impact the travel and vacation industry.

There are risks involved with investing in ETFs, including the loss of money. Additional information regarding the risks of this investment is available in the prospectus.
An investment in the Fund is subject to investment risk, including the possible loss of the entire principal amount that you invest.
Please note that the Fund is new and has limited operating history.
Diversification does not eliminate the risk of experiencing investment losses.
ALPS Advisors Inc. and ALPS Distributors, Inc. are affiliated.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund.

About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world’s largest companies

to small and mid-market firms, rely on SS&C for expertise, scale, and technology. Additional information about SS&C (NASDAQ: SSNC) is available at www.ssctech.com.

About SS&C ALPS Advisors
SS&C ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products for advisors and institutions. Headquartered in Denver, CO with $18.5 billion under management as of June 30, 2021, ALPS Advisors is an open architecture boutique investment manager offering portfolio building blocks, active insight, and an unwavering drive to guide clients to investment outcomes across sustainable income, thematic and alternative growth strategies. For more information, visit www.alpsfunds.com.

 

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SOURCE SS&C / ALPS Advisors

Harbor Custom Development, Inc. Enters Senior Housing Market – Closes on 112 Unit 55+ Condominium Site in Burien, Washington for $2,600,000

Gig Harbor, Washington , Sept. 09, 2021 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (NASDAQ: HCDI, HCDIP, HCDIW) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed  the acquisition of approximately 2.34 acres of land for the construction of 112 senior condominium units in Burien, Washington for $2,600,000. In the heart of Western Washington’s Puget Sound Region, Burien, located in King County, is less than a 15 minute commute to downtown Seattle and 30 minutes to Tacoma. The Mira Condominiums will cater to the 55+ age demographic and will be ideally suited for retiring employees from King County which contains the corporate headquarters of Amazon, Microsoft, Costco, Starbucks, Nordstrom’s, Weyerhaeuser, PACCAR, Expedia, and Alaska Airlines, among others. Boeing no longer maintains its corporate headquarters in the Seattle region but does have approximately 58,000 employees in Washington State, the majority of whom are located in the Puget Sound region. Harbor anticipates the Studio, 1 and 2 Bedroom senior condominium units will be priced between $395,000 and $495,000 and fill a significant need in the local marketplace. Home prices climbed 25% year over year and the median selling price of a home in King County according to S&P CoreLogic Case-Shiller Home Price Index released August 31, 2021, was $871,000.

Sterling Griffin, President and CEO of Harbor, stated, “Burien represents an ideal location for Harbor Custom Homes® to enter the 55+ Senior Housing Market and address the significant need for affordable senior housing in King County. As home prices continue to escalate due to record low inventory levels, seniors on fixed incomes are pressured to sell their homes as taxes and the costs of maintaining their property escalate at unprecedented levels.” “We are directly addressing a fundamental need in the marketplace and believe offering 55+ senior condominiums priced below $400,000 in Burien serves an important community need while providing an excellent growth opportunity for the Company,” stated Jeff Habersetzer, Chief Operating Officer at Harbor.

About Harbor Custom Development, Inc.

Harbor Custom Development, Inc. is a real estate development company involved in all aspects of the land development cycle including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Western Washington’s Puget Sound region; Sacramento, California; and Austin, Texas. Harbor has active or recently sold-out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, Belfair, Allyn, Port Orchard, and Blaine in the state of Washington. In addition, Harbor has acquired land and will begin constructing homes in three new markets. In the Sacramento metro market, Harbor will be constructing homes in completed subdivisions in both Rocklin and Auburn, California. In the Austin metro market, Harbor has acquired developed lot inventory in Dripping Springs, Driftwood, and Horseshoe Bay, Texas. The Company recently acquired property in Punta Gorda, Florida, and plans to begin construction of oceanfront condominiums there in 2022. Harbor Custom Development’s business strategy is to acquire and develop land strategically, based on an understanding of population growth patterns, entitlement restrictions, infrastructure development, and geo-economic forces.  Harbor focuses on real estate within target markets with convenient access to metropolitan areas that are generally characterized by diverse economic and employment bases and increasing populations.  For more information on Harbor Custom Development, Inc., please visit www.harborcustomdev.com.

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws.  Words such as “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements.  These forward-looking statements are based upon current estimates and assumptions.  While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release.  These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the Securities and Exchange Commission.  Thus, actual results could be materially different.  The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.



Investor Relations
Hanover International
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866-744-0974