Therapeutic Solutions International with Subsidiary Campbell Neurosciences Develops Cord Blood Based Inhalable Product for Opioid Addiction

Company Announces Second Therapeutic Candidate for Leveraging Regenerative and Immunological Approaches for Overcoming > $78.5 Billion Dollar Addiction Epidemic

PR Newswire

ELK CITY, Idaho, April 13, 2021 /PRNewswire/ — Therapeutic Solutions International, Inc., (OTC Markets: TSOI), announced filing of a patent with new data covering a cord blood based intranasal product demonstrated to reduce adverse mental effects associated with opioid addiction. 

In the series of studies, inflammation was stimulated in the brains of animals using inducers and activators of TLR4, a protein associated with opioid addiction.  Administration of the Company’s cord blood based therapeutic resulted in suppression of TLR4 as well as inhibition of inflammation in the brain.

“In recent times numerous publications have reported the link between brain inflammation and opioid addiction1,2” said Dr. James Veltmeyer, Chief Medical Officer of Campbell Neurosciences. “By combining the regenerative effects of umbilical cord blood, with the anti-inflammatory properties of NanoStilbeneä, together with proprietary neuromodulating agents, we have created a treatment approach which appears to be safe and potently effective in our preclinical studies.”

“Campbell Neurosciences is focused not just on identifying suicidal ideations utilizing our clinically validated Campbell Score™ blood-based test, but also on providing possible solutions to prevent suicide,” said Kalina O’Connor, President and CEO of Campbell Neurosciences. “The announcement of preclinical success using our cord blood based approach sets the foundation for optimization and development of a clinically-useful approach to treat this dreaded disease.”

“Current approaches to drug addiction many times involve replacing one addiction with another one, while not addressing the root cause,” said Timothy Dixon, President and CEO of Therapeutic Solutions International, the Parent Company of Campbell Neurosciences and co-inventor of the patent. “We are glad to lend our immunological expertise to Campbell Neurosciences for the development of the world’s first immunotherapeutic approach to opioid addiction.” 

About Therapeutic Solutions International, Inc.
Therapeutic Solutions International is focused on immune modulation for the treatment of several specific diseases. The Company’s corporate website is www.therapeuticsolutionsint.com, and our public forum is https://board.therapeuticsolutionsint.com/ 

[email protected]

1 Eidson et al. Inflammatory mediators of opioid tolerance: Implications for dependency and addiction. Peptides. 2019 May;115:51-58.
2 Hofford et al. Neuroimmune mechanisms of psychostimulant and opioid use disorders. Eur J Neurosci. 2019 Aug;50(3):2562-2573.

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SOURCE Therapeutic Solutions International

Media Alert For 2021 Global Science Summit On COVID-19

APRIL 15, 2021 | 10 AM – 1:30 PM EDT | 2 PM – 5:30 PM GMT

Registration is now open at covidsciencesummit.com

World Travel & Tourism Council, Carnival Corporation & Hilton welcome the U.S. Travel Association as the newest sponsor of the Global Science Summit on COVID-19

Event will bring together world’s foremost science and public health experts for a free, virtual public forum on proven insights and best practices for moving beyond the pandemic

PR Newswire

MIAMI, April 13, 2021 /PRNewswire/ —

WHEN: 


Thursday, April 15, 2021


10 a.m. – 1:30 p.m. EDT | 2 p.m.5:30 p.m. GMT | Virtual video event

WHERE:

To register for the event, click here:  https://www.covidsciencesummit.com
You will receive an email with a webcast link prior to the start of the event.

Attendees are invited to submit questions for panelists prior to the event at https://www.covidsciencesummit.com. 

WHAT:

The 2021 Global Science Summit on COVID-19 is being hosted by Carnival Corporation and WTTC, as well as supporting sponsors Hilton Worldwide Holdings and the U.S. Travel Association. The virtual event will explore the most up-to-date science on COVID-19 to inform practical approaches and best practices for moving beyond the pandemic.

The event will focus on the most up-to-date science amassed from the past year of studying COVID-19, including how best to address the many ongoing questions about how the virus will affect society, travel and day-to-day activities moving forward. The Summit will feature world-renowned medical, epidemiological and public health experts to explore and share recent findings and daily practices to curb the spread of COVID-19 in a post-pandemic future.

Panels will include fact-based discussions sharing the latest insights on epidemiology, screening, testing and tracing, therapeutics, vaccines, practical prevention and mitigation practices and more, including:

  • The Science of COVID-19:  Epidemiology; Transmission; Testing.
  • Treatment & Prevention:  Masks, Surfaces and Physical Distancing; Isolation and Quarantine; Vaccines; Therapeutics.
  • Life in a World with COVID-19:  Practicality; Adapting; Risk Mitigation.

The event is designed for the general public, and it is free to attend all or parts of the discussion. Registration is now open at
https://www.covidsciencesummit.com
.

 

WHO:

The virtual Summit is hosted by World Travel & Tourism Council (WTTC), which represents the global travel and tourism private sector, and Carnival Corporation, the world’s largest cruise company. Hilton Worldwide Holdings and the U.S. Travel Association are supporting sponsors of the event. Moderators include:


  • Arnold Donald
    , president & CEO, Carnival Corporation 

  • Gloria Guevara
    , president & CEO, WTTC

Donald and Guevara will encourage straightforward, easy-to-understand and fact-based discussions sharing the latest insights on epidemiology, screening, testing and tracing, therapeutics, vaccines, practical prevention and mitigation practices and more. Panelists include (in alphabetical order):

  • Dr. Michael Diamond, M.D., Ph.D., the Herbert S. Gasser Professor of Medicine at Washington University. Dr. Diamond is recognized internationally for his work involving Zika, West Nile, chikungunya, and related emerging viruses.
  • Dr. Steven Gordon, M.D., chairman, department of infectious disease, Cleveland Clinic, Respiratory Institute and professor of medicine, The Lerner College of Medicine, Case Western University. Dr. Gordon has been focused on hospital infection prevention, including device-associated and opportunistic infections in immunocompromised patients.
  • Dr. Michael Lin, M.D., Ph.D. is Associate Professor of Neurobiology, Bioengineering, and Chemical and Systems Biology at Stanford University. A NIH Pioneer Award recipient, Dr. Lin develops protein-based tools for molecular imaging and control of gene and viral therapy.
  • Dr. William Morice, II, M.D., Ph.D., chair, department of laboratory medicine and pathology at Mayo Clinic, president, Mayo Clinic Laboratories, and professor of laboratory medicine and pathology. Dr. Morice is an expert in diagnostic testing serving in leadership roles for numerous boards and partnerships to enhance understanding of clinical diagnostics and test utilization.
  • Dr. Jewel Mullen, M.D., M.P.H., associate dean for health equity, University of Texas at Austin, Dell Medical School. Dr. Mullen is an internist, epidemiologist and public health physician leader and the former principal deputy assistant secretary for health in the U.S. Department of Health and Human Services (HHS).
  • Dr. Emil Christian Reisinger, director of the Department of Tropical Medicine and Infectious Diseases at the Department of Internal Medicine at the University of Rostock, Dean of the University and Member of the Board of the University Hospital Rostock.
  • Dr. Clare Rock, M.D., M.S., Associate Professor of Medicine, Associate Hospital Epidemiologist, Johns Hopkins University School of Medicine.  Dr. Rock has significant expertise in institutional COVID-19 support, including as Hospital Epidemiology and Infection Control COVID-19 Johns Hopkins Health System Incident Commander. Specific expertise and experience include COVID-19 testing strategies for the workplace, businesses, & community, return to work policies, return to business strategies, outbreak and cluster management, contact tracing, addressing COVID-19 vaccine hesitancy in the workplace and the community.
  • Dr. Stefano Vella, Adjunct Professor of Global Health at the Catholic University of Rome and a member of the Program Committee of Horizon Europe – Health Cluster, the Research Program of the European Commission. Dr. Vella specializes in infectious diseases and internal medicine and is a researcher in pathogenesis and therapy of viral infections. Specific research has been conducted by Dr. Vella on major pandemics, specifically on HIV/AIDS and Tuberculosis.

NEXT STEP:

Register for the event at:  https://www.covidsciencesummit.com.

 

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SOURCE Carnival Corporation & plc

Chesapeake Energy and Project Canary Announce Multi-Basin Responsibly Sourced Gas Partnership

With Project Canary’s independent, trusted technology, Chesapeake Energy will produce responsibly sourced gas from Marcellus and Haynesville shale plays

PR Newswire

DENVER and OKLAHOMA CITY, April 13, 2021 /PRNewswire/ — Project Canary and Chesapeake Energy Corporation (NASDAQ: CHK) launched a pilot partnership to produce certified responsibly sourced natural gas (RSG) at select well pads in the Marcellus and Haynesville shales, the companies announced today.

Chesapeake Energy will produce RSG using Project Canary’s continuous on-site emissions monitoring technology and TrustWell™ certification process, which provides third party verification that the operator has utilized the highest standards and practices in all phases of their operations.

“Leading a responsible energy future is foundational to Chesapeake’s success,” said Chesapeake’s Chief Executive Officer Doug Lawler. “Through this two-basin partnership, we will be able to further demonstrate our commitment to generating shareholder value and ESG excellence. We are excited to work with Project Canary as we continue to expand our sustainability efforts and deliver top operating performance.”

The initial agreement between Chesapeake and Project Canary includes select well pads in northeast Pennsylvania and northwest Louisiana, though the partnership may be expanded based on initial findings and market conditions. Using real-time, continuous emissions monitoring at well pads, the pilot project aims to validate the high environmental standards by which natural gas is produced and that a market exists for differentiated RSG products.

A Denver-based B-Corp, Project Canary provides emissions monitoring data and related technologies, and has developed a unique wellhead to burner-tip pilot that can be used across the energy value chain – from the production, transmission and marketing of RSG.

“With our innovative technology and independent certification process, Project Canary aims to meet the market demand for sustainably developed resources and real-time emissions monitoring,” said Project Canary co-founder & CEO Chris Romer. “Chesapeake is an industry pioneer and top producer, and we’re proud to help them reach the highest environmental standards.”

This project marks more than two-dozen agreements Project Canary has entered with exploration and production companies, reflecting the strong and growing demand for the company’s innovative environmental performance solution based on trusted, independent data.

Project Canary Contact:

Brian Miller

Vice President, Growth and Policy
[email protected]

Chesapeake Energy Contact:

Gordon Pennoyer

Director – Communications & Investor Relations
[email protected]

About the Pilot Participants  

Project Canary, an International Environmental Standards company based in Denver, Colorado, is a mission-driven B-Corporation accountable to a double bottom line of profit and the social good. Project Canary believes it is possible to create a financially successful, self-sustaining business that “does well and does good.” Project Canary’s goal is to mitigate climate change by helping the oil and gas industry operate on a cleaner, more efficient, more sustainable basis. Project Canary partners with the Colorado School of Mines Payne Institute to develop a collaborative environment for oil and gas companies and external parties to share best practices and insights garnered through continuous monitoring. To learn more, visit projectcanary.com.

Headquartered in Oklahoma City, Chesapeake Energy Corporation’s (NASDAQ: CHK) operations are focused on discovering and responsibly developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.

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SOURCE Project Canary

Color Star Technology Co., Ltd. (NASDAQ: CSCW) Signs Strategic Cooperation Agreement with Supre NFT for In-Depth Collaboration in the Development of Future NFT

PR Newswire

NEW YORK, April 13, 2021 /PRNewswire/ — Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as Color Star” or the Company”) announced today that it has signed a strategic cooperation agreement with Supre NFT, a diversified NFT super platform, in which both parties agreed to have in-depth collaboration in the development of future Non-Fungible Tokens (“NFT”).

Supre NFT maintains SuperTop, a diversified and integrated NFT super platform, covering NFT creation and trading, auctions, physical mapping NFT, collateral, NFT social applications, among others. The platform is built on the SupreNFT protocol and STU certification, and developed by deploying and integrating ERC-721 and ERC-1155 NFT and other protocols, such as SupreNFT, SupreART, SupreMe, and SupreFi. SupreTop aspires to be the “eBay” of the NFT world. SupreTop is a super trading and creation platform with the technology to aggregate hundreds of NFT trading platforms. It is expected to also support the creation and transaction of any NFT that has been connected to the platform with just one click, as well as support NFT casting, purchase, and sales of ERC-721 and ERC-1155 NFT, Bigdipper, BEP2, FLOW, WAX, and BSV.

In the future, Color Star expects to publish, in NFT form, the contents of its own film rights, online concert tickets, online concert videos, celebrity peripheral products, celebrity videos, music rights, and TV rights. Color Star is committed to technological development within the entertainment industry. It has invested tremendous resources and effort into research and development, and has made steady progress in the construction of augmented reality (AR) and artificial intelligence (AI). This time, the Company has increased its efforts in the development of NFT, as it believes this will generate more revenue and growth potential for original copyrights and their creators. In the future, the Company also plans to develop more NFT with entertainment content.

The CEO of Color Star, Mr. Luke Lu, commented: “We are very pleased to reach a consensus on cooperation with Supre NFT. In the future, the two parties expect to have deeper cooperation in the NFT field. NFT is a sought-after new potential in the market, but there is currently limited content and IP products that are associated with NFT. Color Star does not focus on short-term objectives at the expense of long-term growth, so we look forward to developing NFT products that should allow global audiences to view more high-quality entertainment content, and in the meantime generate well-deserved returns to the original authors. Our NFT products are based on the protection of intellectual property rights and should enhance more creative potential. The stronger the quality of our creative endeavors, the more well received we expect the NFT products incorporating our intellectual property will be.”

The cooperation between Color Star and Supre NFT is expected to be a multifaceted collaboration. Both parties plan to share resources and leverage their own advantages in the areas of brand promotion, market expansion, and community building. Supre NFT’s well-rounded technology and trading platforms provide a trusted ecosystem for unique NFT to be created and exchanged, and Color Star’s robust and growing library of unique and proprietary content lends itself to truly collectible NFT. The Company hopes to use NFT technology to give users more access to copyrights and video content via digital encryption, and expects that this technology will give fans digital ownership of personally meaningful NFT. In the future, the Company expects to launch more NFT products in the scenes of AI and AR, video, celebrity products, and other sections of the Color Star APP.


Forward-Looking Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.  Forward-looking statements are not a guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; consumer and government acceptance of cryptocurrencies in general and nonfungible tokens in particular; the adoption of the SupreTop platform by other NFT content creators and platforms; changes in technology; economic conditions; the growth of the educational and training services market in China and other countries where CSCW conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at 

www.sec.gov

. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

For more information, please contact:

William Tu

Skyline Corporate Communications Group, LLC
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: [email protected] 

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SOURCE Color Star Technology Co., Ltd.

Bank7 Corp. Announces First Quarter 2021 Earnings Conference Call

PR Newswire

OKLAHOMA CITY, April 13, 2021 /PRNewswire/ — Bank7 Corp. (NASDAQ: BSVN), the parent company of Oklahoma City-based Bank7, announces that its financial results for the first quarter of 2021 will be released before the market opens on Thursday, April 29, 2021 and at 3:30 p.m. central standard time that same day, the company will hold a conference call to discuss the financial results with investors. To participate in the call, dial 1-888-348-6421, or access it live over the internet at https://www.webcaster4.com/Webcast/Page/2179/40829.

For those not able to participate in the live call, an archive of the webcast will be available at https://www.webcaster4.com/Webcast/Page/2179/40829 shortly after the call for 1 year.

About Bank7 Corp.

Bank7 Corp. is a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate nine locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets and we will also pursue strategic acquisitions.

For more information about Bank7 and its products, visit www.bank7.com.

Contact:
Tom Travis
Bank7
1039 N.W. 63rd St.
Oklahoma City, OK. 73116
Ph: 405-810-8600 / [email protected]

 

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SOURCE Bank7 Corp.

Northeast Indiana Bancorp, Inc. Announces Record Quarterly Earnings

PR Newswire

HUNTINGTON, Ind., April 13, 2021 /PRNewswire/ — Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced net income of $1.89 million ($1.58 per diluted common share) for the first quarter ended March 31, 2021.  This earnings level was an increase of $860,000 or 83.2% when compared to earnings from the quarter ended March 31, 2020 of $1.03 million ($0.86 per diluted common share).  The current three months earnings equate to an annualized return on average assets (ROA) of 1.88% and a return on average equity (ROE) of 14.87% compared to an ROA of 1.16% and an ROE of 9.86% for the prior year quarter ended March 31, 2020.       

Total assets increased $15.0 million or 3.8% to $406.3 million at March 31, 2021 compared to total assets of $391.3 million at December 31, 2020.  Total loans increased $5.1 million or 1.9% to $269.3 million at March 31, 2021 compared to total loans of $264.2 million at December 31, 2020.  Total deposits increased $17.7 million or 6.0% to $314.7 million at March 31, 2021 compared to $297.0 million at December 31, 2020.    

Shareholders’ equity increased $300,000 to $46.0 million at March 31, 2021 compared to $45.7 million at December 31, 2020.  The book value of NIDB stock increased $0.49 to $38.22 per common share as of March 31, 2021 compared to $37.73 at December 31, 2030.  The number of outstanding common shares was 1,202,985.  The last reported trade of the stock on April 12, 2021 was $42.00 per common share.

First Federal Savings Bank continued to be a source of strength to small business clients and non-profits in Northeast Indiana during the quarter ended March 31, 2021.  The Bank participated in the SBA’s 2021 Paycheck Protection Program (“PPP”) and helped over 300 clients secure roughly $25 million in PPP funding.  We also continue to work with clients, who received PPP loans in 2020, on forgiveness applications.

Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson Street, Huntington, Indiana.  The company offers a full array of banking and financial brokerage services to its customers through its main office in Huntington and five full-service Indiana offices in Huntington (2), Warsaw and Fort Wayne (2).  The Company is traded on the OTC Markets Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the symbol “NIDB”.  Our web site address is www.firstfedindiana.bank.

This press release may contain forward-looking statements, which are based on management’s current expectations regarding economic, legislative and regulatory issues.  Factors which may cause future results to vary materially include, but are not limited to, general economic conditions, changes in interest rates, loan demand, and competition.  Additional factors include changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, regulatory and technological factors affecting each company’s operations, pricing, products and services.


NORTHEAST INDIANA BANCORP


CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


(Unaudited)


CONSOLIDATED STATEMENT OF FINANCIAL CONDITION



ASSETS

 



March 31,



2021



December  31,
2020


Interest-earning cash and cash equivalents

$

14,118,528

$

12,397,471

Noninterest earning cash and cash equivalents

3,639,359

2,311,822

   Total cash and cash equivalents

17,757,887

14,709,293

Interest-earning time deposits

2,946,000

3,681,000

Securities available for sale

82,483,945

78,418,462

Securities held to maturity

11,298,326

9,442,271

Loans held for sale

1,457,450

137,000

Loans receivable, net of allowance for loan loss March 31, 2021 $3,974,475 and December 31, 2020 $3,851,897

 

269,293,761

 

264,220,486

Accrued interest receivable

1,514,335

1,516,929

Premises and equipment

5,591,737

5,282,884

Investments in limited liability partnerships

1,753,334

1,828,334

Cash surrender value of life insurance

10,136,074

10,071,443

Other assets

2,035,848

1,969,048



    Total Assets

$

406,268,697

$

391,277,150



LIABILITIES AND STOCKHOLDERS’ EQUITY

Non-interest bearing deposits

60,323,371

46,257,438

Interest bearing deposits

254,331,424

250,700,577

Borrowed Funds

41,093,101

45,805,419

Accrued interest payable and other liabilities

4,540,509

2,852,005



    Total Liabilities

360,288,405

345,615,439

Retained earnings – substantially restricted

45,980,292

45,661,711



    Total Liabilities and Shareholders’ Equity

$

406,268,697

$

391,277,150


CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended

March 31,


2021


2020

Total interest income

$

3,984,611

$

3,772,563

Total interest expense

515,909

944,368


   Net interest income

$

3,468,702

$

2,828,195

Provision for loan losses

120,000

220,000

  Net interest income after provision for loan losses

$

3,348,702

$

2,608,195

    Service charges on deposit accounts

150,822

186,039


   
Interchange fees

157,127

146,906


   
Net gain on sale of loans

629,489

277,171


   
Net loss on sale of repossessed assets

(18,186)


   
Brokerage fees

77,337

56,760


   
Increase in cash surrender value of life insurance

64,631

57,350


   
Other income

148,302

144,388

Total noninterest income

$

1,227,708

$

850,428

    Salaries and employee benefits

1,130,162

1,296,191


    Occupancy

271,275

245,504


    Data processing

324,992

270,101


    Deposit insurance premiums

24,500

20,000


    Professional fees

94,284

64,436


    Advertising and marketing fees

56,597

55,603


    Correspondent bank charges

25,604

32,735


    Other expense

310,424

269,671

Total noninterest expenses

$

2,237,838

$

2,254,241

  Income before income tax expenses

$

2,338,572

$

1,204,382

Income tax expense

445,664

171,083

Net Income

$

1,892,908

$

1,033,299


NORTHEAST INDIANA BANCORP


CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


(Unaudited)

Three Months Ended

March 31,


2021


2020

Basic Earnings per common share

1.58

0.86

Dilutive Earnings per share

1.57

0.86

Net interest margin

3.72%

3.40%

Return on average assets

1.88%

1.16%

Return on average equity

14.87%

9.86%

Efficiency ratio

47.65%

61.28%

Average shares outstanding- primary

1,200,351

1,201,805

Average shares outstanding- diluted

1,200,618

1,201,805

 

Allowance for loan losses:

   Balance at beginning of period

$

3,851,897

$

3,191,605

   Charge-offs:

      One-to-four family

17,952

      Commercial real estate

      Land/land development

      Commercial

      Consumer

50,261

33,443

         Gross charge-offs

50,261

51,395

   Recoveries:

      One-to-four family

1,479

903

      Commercial real estate

      Land/land development

      Commercial

390

54,000

      Consumer

50,969

28,473

         Gross recoveries

52,839

83,376

   Net charge-offs/(recoveries)

(2,578)

(31,981)

   Additions charged to operations

120,000

220,000

   Balance at end of period

$

3,974,475

$

3,443,586

Net loan charge-offs / (recoveries)to average loans (1)

(0.00%)

(0.05%)

Nonperforming assets (000’s)

At March 31,

At December 31,

   Loans:


2021


2020

      Non-accrual

 

$

4,538

$

5,034

      Past 90 days or more and still accruing

      Troubled debt restructured

364

374

         Total nonperforming loans

4,902

5,408

   Real estate owned

5

5

   Other repossessed assets

         Total nonperforming assets

 

$

4,907

$

5,413

 Nonperforming assets to total assets

1.21%

1.38%

Nonperforming loans to total loans

1.79%

2.02%

Allowance for loan losses to nonperforming loans

81.07%

71.23%

Allowance for loan losses to net loans receivable

1.48%

1.46%

At March 31,


2021

 


2020

Stockholders’ equity as a % of total assets

11.32%

11.81%

Book value per share

$       38.22

$          35.43

Common shares outstanding- EOP

1,202,985

1,210,379

(1) Ratios for the three-month periods are annualized.

 

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SOURCE Northeast Indiana Bancorp, Inc.

Wyndham Hotels & Resorts Continues Strong Growth in Asia Pacific with Accelerated Expansion Planned in 2021

With 180 hotel openings expected in 2021 alongside its robust Asia Pacific development pipeline, Wyndham Hotels & Resorts is helping to drive the hospitality industry forward into recovery

PR Newswire

SINGAPORE and PARSIPPANY, N.J., April 13, 2021 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company and leading provider of hotel management services with over 8,900 hotels across nearly 95 countries, continued on a strong growth trajectory in Asia Pacific in 2020, overcoming global uncertainty to achieve a series of important hotel openings, major milestones and a strong pipeline of new properties scheduled to launch in 2021 and beyond.

In a year of significant challenges for the travel and hospitality industries, Wyndham successfully opened over 125 new hotels and signed a further 140 properties in Asia Pacific last year, putting it in a leading position in the industry with over 1,500 hotels in 20 regional markets and territories.

This year, the growth is expected to continue with an estimated 40 percent increase in openings or approximately 180 hotels anticipated to open in Asia Pacific. Through its robust Asia Pacific pipeline of directly franchised and managed hotels, alongside strong relationships with master franchisees, Wyndham is on track to reach 2,000 hotels in Asia Pacific within the next three years. 

“Strong partnerships with our owners will be key to our continued growth and our mutual success. We are building on the momentum achieved in 2020, as industries gear towards recovery in 2021, and our robust openings and hotel deal executions will pave the way for continued growth for the company. With so many great hotel openings and signings, it is a testament to the enduring confidence that our partners have in Wyndham’s world-class brands. As we expand our scale, our reach, our distribution and our base of loyal Wyndham Rewards members, we will help create even greater benefits for everyone in our value chain,” said Joon Aun Ooi, President, Asia Pacific, Wyndham Hotels & Resorts.

Alongside the company’s extensive support measures for its existing hotel owners and partners, these milestone openings will put Wyndham in the best possible position to benefit from pent-up demand once travel restrictions eventually ease which is expected to occur in the coming months.

Accelerated Growth in 2021 Builds on Major Milestones in 2020

Wyndham introduced five of its brands to new markets across Asia Pacific in 2020, as Howard Johnson by Wyndham launched in Cambodia, and Japan welcomed its first Wyndham Grand and Wyndham Garden hotels. In addition, Asia Pacific’s inaugural Dolce by Wyndham and La Quinta by Wyndham hotels were launched in Vietnam and New Zealand respectively.


Greater China
, where Wyndham is one of the leading international hotel operators in the country, continued to show a strong appetite for Wyndham’s brands and concepts in 2020. In total, the Company executed over 100 agreements across the country last year, including the signing of an agreement to introduce the Dolce by Wyndham brand to Foshan in the Guangdong province, as well as the successful introduction of Ramada Encore by Wyndham to Hualien, Taiwan.

Over 100 hotels are expected to open in Greater China this year, and its expansion drive starts with the successful conversion of the 346-room Wyndham Xinyang Downtown, a prominent hotel located in the heart of the central business district that represents the first Wyndham hotel in Xinyang, Henan, as well as the Microtel by Wyndham Tianjin, the first of seven Microtel hotels expected to open this year.

Other key openings anticipated this year include: Wyndham Beijing Airport, which is just a four minute drive from Beijing Terminal 3, and China’s first La Quinta hotel in Weifang, Shandong province. The Wingate by Wyndham brand will be boosted by the launch of Wingate Beihai Yintan, located in Guangxi province. Meanwhile in Taiwan, TRYP by Wyndham will launch in Linkou, New Taipei City.


Thailand
 is another strategic market for Wyndham, and the Company opened two hotels in 2020 including the launch of Wyndham Grand Nai Harn Beach Resort Phuket, and the successful rebranding of Ramada by Wyndham Bangkok Chaophya Park.

The Company plans to open seven new properties in 2021 in popular destinations across Bangkok, Pattaya and Phuket. Key openings this year are expected to include Wyndham Bangkok Queen Convention Centre, Ramada Plaza by Wyndham Bangkok Sukhumvit 48, Ramada Plaza by Wyndham Sukhumvit 87, and Wyndham Garden Bangkok Sukhumvit 42, all of which are located in Bangkok’s central business district, along with Wyndham Atlas Wongamat Pattaya, Wyndham LaVita Resort Phuket and Wyndham Garden Platinum Kamala Phuket. Within the next 3 years, Wyndham intends to open as many as 20 hotels located in popular destinations such as Pattaya and Phuket.

In Vietnam, Wyndham accelerated its market presence with the introduction of three new hotels in 2020, including several landmark properties. The spectacular Dolce by Wyndham Golden Lake Hanoi became the brand’s first Asia Pacific outpost in 2020. The expansion of its upscale offerings include Wyndham Sky Lake Resort & Villas in Hanoi and the Wyndham Grand Flamingo Dai Lai Resort, an award-winning property nestled just north of Dai Lai Lake.

Four additional hotels are expected to unveiled in Vietnam this year, including the recently opened Wyndham Grand Flamingo Cat Ba, followed by the landmark Wyndham Soleil Danang, which will become Danang’s tallest building, as well as Wyndham hotels in Quang Binh and Phu Quoc, In total, Wyndham’s portfolio in Vietnam is forecast to almost triple by 2024, from seven to over 20 properties nationwide.

Wyndham maintained its strong position in South Korea in 2020, with the opening of three new hotels situated in Gumi, Yeosu and Chuncheon. These include Ramada Plaza by Wyndham Dolsan Yeosu, located in the popular coastal city, and Ramada by Wyndham Gumi, which became the first global hotel chain offering in Gumi, a major industrial complex. Looking ahead, a series of new Wyndham and Wyndham Grand hotels are due to start operating in South Korea in the coming years that will offer the flagship brands’ upscale and distinctive experiences. 

As part of its multi-brand strategy in Australasia, the Company recently opened its LQ by Wyndham Remarkables Park Queenstown which marked the debut of La Quinta in Asia Pacific. InNew Zealand, three new hotels are anticipated to open this year under the Ramada by Wyndham and Wyndham Garden brand in Wellington, Auckland and Christchurch. Other new launches ahead include two new TRYP by Wyndham hotels, which will mark the brand’s debut in New Zealand.

Over 15 hotels are in the development pipeline for Australia, including the arrival of exciting new brand concepts like the Wyndham and Wyndham Garden in South Australia, TRYP by Wyndham in Western Australia, Queensland, Victoria and South Australia, as well as the highly anticipated arrival of Wyndham Grand brand in Adelaide.  

Throughout the global pandemic, Wyndham remained focused on supporting its hotels, owners, partners and loyal guests through a wide range of commercial initiatives as well as its Count on Us® health and safety initiative, that will help its hotels welcome back guests with confidence as the world starts to reopen for business.

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with over 8,900 hotels across nearly 95 countries on six continents.  Through its network of approximately 796,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry.  The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®, Wyndham Hotels & Resorts is also a leading provider of hotel management services.  The Company’s award-winning Wyndham Rewards loyalty program offers 86 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com

This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws, including the expected addition of hotels within the Asia Pacific Region and similar statements concerning possible future results or performance.  You are cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future results or performance, speak only as of the date of this press release and are subject to numerous risks and uncertainties, including the risks described in Wyndham Hotels’ most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission, any of which could cause actual results or performance to be materially different from the future results or performance expressed or implied by such forward-looking statements.  Except as required by law, Wyndham Hotels undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.

Contacts: 
Abigail Foo
Wyndham Hotels & Resorts
South East Asia and Pacific Rim
M: +65 9067 8040
[email protected]

Scott Carman

Wyndham Hotels & Resorts
+1 (973) 753-6590
[email protected] 

 

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SOURCE Wyndham Hotels & Resorts

CECO Mefiag Introduces New Eco-friendly, Self-Cleaning Filtration System that Significantly Improves Customer Productivity

PR Newswire

DALLAS, April 13, 2021 /PRNewswire/ — CECO Environmental Corp. (“CECO,” “CECO Environmental”) (NASDAQ: CECE), a global leader in providing environmental and equipment solutions to a variety of end markets, is pleased to announce the release of a new patent-pending Self-Cleaning Filtration System that significantly reduces the number of filter changes and associated downtime thereby lowering total costs and reducing environmental waste. The system is designed for plating applications used in lighting and plumbing fixtures, appliances, automotive, aerospace, electronics, coinage, fasteners, and mechanical hand tools.

“We are excited to offer this purpose-built solution that meets our customer needs for lowering annual maintenance costs, increasing uptime, and reducing environmental waste with this more sustainable and environmentally friendly technology,” says Chris Tsourides, President of CECO’s Industrial Air and Fluid Solutions segment. “The self-cleaning filter system is automated to clean itself by monitoring the rise in differential pressure across the inlets and outlets due to contaminant loading. As contaminants accumulate on the filter media product flow through decreases,” continues Tsourides. “CECO Mefiag has almost 70 years of experience developing turnkey fluid delivery systems (pumps, filtration, valves, pressure vessels, piping, control panels, skid mounted) and this patent-pending design continues the rich history of innovation from CECO.”  

The Self-Cleaning Filter System replaces conventional filter systems. Traditionally, end users of plating processes opt for disposable filter media due to the low initial cost, but don’t consider the total life-cycle cost of the filter. Depending on the process, scale and frequency, maintenance costs could range from $10,000 to $100,000 annually not including lost downtime. With CECO Mefiag’s new Self-Cleaning Filtration System, customers can expect to benefit from an estimated 75% in cost savings or greater compared to replacement filters. 

“The new CECO Mefiag Self-Cleaning Filtration System enables higher productivity for our customers,” said Lars Theunissen, General Manager of CECO Mefiag. “With our Self-Cleaning solution, our customers will reduce downtime as well as the regulatory paperwork and processes associated with disposing of alternative filter systems.  Additionally, we improve employee safety by reducing exposure to VOCs (volatile organic compounds) and potential chemical spills that may occur during routine filter change-outs.”    

More information can be found by visiting https://www.cecoenviro.com/ceco-mefiag-new-self-cleaning-filters

About CECO Environmental: CECO Environmental is a global leader in air quality and fluid handling serving the energy, industrial and other niche markets. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect our shared environment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide custom-engineered solutions for applications including oil and gas, power generation, water and wastewater, battery production, polysilicon fabrication, chemical and petrochemical processing along with a range of others. Learn more by visiting www.cecoenviro.com.

CONTACT: Hila Shpigelman, [email protected]

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SOURCE CECO Environmental Corp.

Fullstack Academy Launches Data Analytics Bootcamp Program

New 10-to-26-week curriculum teaches SQL, Python and data visualization skills needed for in-demand data analytics jobs

PR Newswire

NEW YORK, April 13, 2021 /PRNewswire/ — Fullstack Academy, a national tech education provider, announced today that it has expanded its bootcamp portfolio by launching a data analytics curriculum aimed at training professionals with the skills needed to qualify for and fill the 600,000-plus data job postings in the U.S.

In addition to more than half-million available jobs in data analytics, the industry projects a 21.5% job growth rate over the next decade. Demand for data analytics professionals has driven the average median salary for entry level data analysts to nearly $75,000 across the country, according to Burning Glass, an analytics software company.

The new bootcamp curriculum provides interested tech career-seekers with an opportunity to close the skills-gap and enter the workforce in as little as 10 weeks.

“As corporate and industrial investment in digital transformation, machine learning and statistical modeling for leaner operations and smarter decision-making continues to grow, technology industry-leading businesses are searching for highly skilled data analysts now more than ever,” said Mogan Subramaniam, President of Fullstack Academy. “To help meet these needs, we’ve developed a dynamic curriculum and have hired exceptional instructors to ensure this program matches the experience and success of our coding and cybersecurity bootcamps.”

Taught by data analytics professionals, Fullstack’s Data Analytics Bootcamp will ensure students learn SQL, Python and data visualization skills and earn the most in-demand certifications that companies seek when hiring talent for these positions.

Registration is now open for the full-time, 10-week or part-time, 26-week bootcamps at Fullstack’s New York City campus. In the coming months, Fullstack will also launch this curriculum with several of its university partners across the U.S.

“In nearly every industry – from retail and banking to manufacturing and construction – companies are transitioning to data-driven practices that improve efficiency, profitability and safety, said Lesia Harhaj, Director of Career Success at Fullstack Academy. “Similar to our coding and cyber bootcamps that have helped students transition into tech careers, this program will support students every step of the way as they seek to enter into the data analytics field. From learning the basics to building a portfolio and supporting the job search through networking opportunities with employers, students are provided coaching and other resources to help them create a job-search tool kit and enter a growing, in-demand industry.”

Fullstack offers scholarships ranging from $1,000 to full-tuition for the bootcamp, and also provides financing options through its loan partners. It also hosts prep courses that allow students to decide if data analytics is an ideal career path before investing in the full bootcamp. Individuals may learn more at https://www.fullstackacademy.com/data-analytics-bootcamp.


About Fullstack Academy


Fullstack Academy is a coding bootcamp based in New York City. Founded in 2012, it offers web development and cybersecurity bootcamps at its Chicago and New York City campuses and online. Fullstack Academy also offers the Grace Hopper Program, an immersive software engineering course for women+ students, in addition to partnerships with leading universities nationwide, including Virginia Tech, Caltech CTME, and Louisiana State University. Graduates have been hired by Google, Facebook, Amazon, Fortune 100 firms, and startups. Fullstack Academy is a part of the Zovio (Nasdaq: ZVO) network.


About Zovio

Zovio (Nasdaq: ZVO) is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. The Zovio network, including Fullstack Academy and TutorMe, leverages its core strengths to solve priority market needs through education technology services. Using proprietary advanced data analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners. Zovio’s purpose is to help everyone be in a class of their own. For more information, visit www.zovio.com.

Contact: Tyler Holder
[email protected]
(321) 289-1192

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SOURCE Fullstack Academy

Aon Launches Innovative Industry Collaboration to Protect Global COVID-19 Vaccine Shipments

Aon will donate all 2021 revenues from new solution to a charity dedicated to eradicating the global human and economic toll of the pandemic.

PR Newswire

CHICAGO, April 13, 2021 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments.

The solution provides transparent cargo insurance coverage for COVID-19 vaccines by combining sensor data and analytics. The offering enhances All Risk Marine Cargo insurance with timely payment for doses that fall outside of the agreed-upon temperature range while being transported or stored, enabling more effective risk management and claims support. Real-time reporting of any temperature deviation will also provide for the mitigation of losses and help maximize the number of doses that are administered to the public.

“Rather than accept the so-called new normal, at Aon we continue to strive toward a New Better,” said Greg Case, CEO, Aon. “We will continue to push the envelope to create innovative solutions that propel our economy and society forward. Providing supply-chain protection for the delivery of COVID-19 vaccines around the world is an important step in that process.”

Aon will donate 100 percent of all revenues earned from this new solution in 2021 to a charity dedicated to eradicating the global human and economic toll of the pandemic.

The offering is made possible through a collaboration with insurtech firm Parsyl, which will serve as the dedicated data platform for the solution on behalf of the insurers, and specialist underwriter Ascot Group acting as the lead underwriter, binding insurers Chubb European Group SE and AIG, with reinsurance support from Munich Re. Other insurers include AEGIS London, Antares Managing Agency Ltd (a QIC Global company), AXA XL, AXIS Insurance, Beazley, Fidelis, MS Amlin and Talbot.

“Aon has been working on client solutions utilizing sensor technology in the supply chain for several years,” said Lee Meyrick, Chief Executive Officer, Global Marine, Commercial Risk Solutions at Aon. “Recognizing the concerns faced with the global distribution of COVID-19 vaccines, we explored the development of a new solution to provide financial protection to the companies involved in the distribution process. Working with leaders in the industry, we were quickly able to build out a group of like-minded insurers that are willing to underwrite the risks using verifiable and effective sensor technologies.”

“We’re pleased to be part of another collaboration of market leaders coming together to address the biggest global health crisis of our time,” said Andrew Brooks, CEO of Ascot Group. “This collaboration will make available more capacity and bring to market additional products that will enable effective vaccine distribution at a global scale.”

“It’s critical that we deliver potent COVID-19 vaccines to everyone, everywhere. To do that, we must collect data to understand what happens to these sensitive shipments as they make their journey from factory to syringe. This insurance solution will help complement existing industry efforts focused on developing countries by providing protection for vaccine supply chains in additional markets. We’re proud to be enabling another insurance solution and contributing to effective vaccine distribution around the world,” said Ben Hubbard, CEO, Parsyl.

The solution will allow for the integration of a wide range of sensing devices, and power better risk management and claims support. The solution is available to qualified parties in the vaccine supply chain including pharmaceutical firms, government bodies, transportation and logistics companies, distributors, health systems, pharmacy chains and inoculation centers.

While this new innovative solution will not mandate the utilization of specific Internet of Things (IoT) platforms or sensor devices1, insured companies will have the option to access those services and products on a complimentary basis during 2021 from companies that are committed to enhancing the global distribution of COVID-19 vaccines. ChronosCloud, Intel, Mastercard and Sensitech, a part of Carrier Global Corporation, have agreed to donate access to certain platforms, blockchain technology or devices as part of the risk management solution2.

“ChronosCloud is proud to collaborate with Aon in the fight against COVID-19. Our cloud-based platform connects all partners of the supply chain with real-time Internet of Things sensors for active condition monitoring,” said John Hoyt, Managing Director of ChronosCloud. “ChronosCloud actively responds to any temperature fluctuations, so shippers can ensure continuous quality. This powerful platform plays an important role as a part of Aon’s vaccine delivery initiative.”

“Intel has been working closely with Aon, Mastercard and ChronosCloud to provide secure computing platforms to address the challenges in the safe and accurate global distribution of COVID-19 vaccines,” said Christine Boles, VP/General Manager of Intel’s Industrial Solutions Division. “Technology used to its full potential can save lives and change lives. We look forward to supporting Aon in its efforts to address the challenges that COVID-19 vaccine distribution present.”

“Our collaboration with Aon and ChronosCloud comes at an important time when modern supply chains are becoming increasingly complex, and end-to-end visibility is essential,” said Carlos Menendez, President, Enterprise Partnerships at Mastercard. “Mastercard Provenance Solution enables the technical foundation to track the journey in real time leveraging the immutability of blockchain, ultimately providing better risk management and minimizing disputes through a trusted, shared record of shipments.”

“We are pleased to be a part of this global collaboration with Aon and the other industry leaders. As the COVID-19 vaccine distribution efforts continue to expand to reach all populations, Sensitech’s real-time temperature and location data will help to reduce problem escalations and enable nimble decision making with facts,” said Mike Hurton, Vice President & General Manager, Sensitech.

Learn more about how businesses have shifted in response to the pandemic, in Helping Organizations Chart a Course to The New Better.



1
 Parsyl to validate data integration availability by sensor make and model.


2 Complimentary services offered with the insurance coverage will be provided through the end of 2021 and subject to limitations and a program aggregate.

About Aon

Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

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Aon UK Limited is authorised and regulated by the Financial Conduct Authority for the provision of regulated products and services in the UK. Registered in England and Wales. Registered number: 00210725. Registered Office: The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN. [FP.GBC.381.JJ]. 

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SOURCE Aon plc