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Romeo Power Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Romeo Power

NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO).

On December 29, 2020, Romeo Power announced the completion of its business combination with a special purpose acquisition company (SPAC) and that starting on December 30, 2020, Rower Power’s common stock would trade on the New York Stock Exchange.

Then, on March 30, 2021, Romeo Power announced that as a result of a significant supply shortage of battery cells, Romeo Power now expects its revenue for 2021 to be in the range of $18-40 million compared to a prior projection of $140 million that the Company reportedly made in a November Presentation ahead of the merger.

Following this news, Romeo Power’s common stock fell $2.04 per share, or 19.7%, to close at $8.33 per share on March 31, 2021.

If you purchased or otherwise acquired Romeo Power securities and would like to discuss our investigation, please contact us by emailing [email protected] or by calling (646) 315-9003.

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

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this investigation, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 329-8571
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: [email protected]



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ViacomCBS Networks International (VCNI) Agrees to Acquire Chilevisión

ViacomCBS Networks International (VCNI) Agrees to Acquire Chilevisión

Combined assets support ViacomCBS Global Streaming Strategy via robust library and original content, advanced production capabilities, and consumer reach

The Acquisition Will Complement VCNI’s Portfolio in the Southern Cone of Latin America

NEW YORK–(BUSINESS WIRE)–
ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced that ViacomCBS Networks International (VCNI) has agreed to acquire Chilevisión from WarnerMedia, a division of AT&T (NYSE:T).

Through the transaction, VCNI further expands its footprint in Latin America and bolsters its streaming business with a new premium content library and pipeline to fuel the increasing demand for Spanish language content across platforms including Paramount+ and Pluto TV. The acquisition will benefit consumers and partners by offering even more diverse entertainment options across premium, pay and free platforms.

The deal will strengthen and expand VCNI’s presence in the Southern Cone of Latin America by creating an aligned commercial, content and distribution strategy. The acquisition will include Chilevisión’s market leading free-to-air (FTA) television network, which will complement VCNI’s global content offering. Chilevisión attracted approximately 24* percent share of viewership in 2020. (*2020 SOV from IBOPE (FTA, total households, 6am-2am).

Chilevisión’s library is comprised of substantial content spanning multiple genres including sports, entertainment, and news, and it has vast production capabilities. These attributes, in combination with Chilevisión network’s reach, and a windowing strategy of its content pipeline through free, paid, and premium, will serve as a valuable marketing vehicle for VCNI’s streaming platforms in the region, and expand VCNI’s studio and linear presence in the region.

“Latin America is one of the world’s fastest-growing streaming markets, and Chilevisión will be a key driver of our accelerated streaming strategy in the region,” said Raffaele Annecchino, President and CEO, ViacomCBS Networks International. “Chilevisión is an extraordinary addition to our existing business in Latin America and will fortify ViacomCBS’s position as a premier Spanish language content producer.”

Chilevisión will fall under the leadership of Juan “JC” Acosta, President of ViacomCBS International Studios and Networks Americas. The acquisition joins the ViacomCBS Americas portfolio, which includes the premium SVOD service, Paramount+; top FAST service Pluto TV; Nickelodeon’s interactive learning service for preschoolers, Noggin; ViacomCBS International Studios production hub; FTA broadcaster Telefe; more than 10 branded pay TV networks, including MTV, Nickelodeon, Nick Jr. and Comedy Central, among others; multiple on-the-ground events and experiences; and an extensive consumer products catalogue. VCNI Americas has offices in Canada, Mexico, Brazil, Argentina and Colombia.

The purchase price of the acquisition will be financed by ViacomCBS’s existing cash balances. The transaction is subject to customary regulatory approvals and closing conditions. Financial terms of the transaction were not disclosed.

ViacomCBS Networks International (VCNI)

ViacomCBS Networks International (VCNI), a unit of ViacomCBS Inc. (NASDAQ: VIAC), is comprised of many of the world’s most iconic consumer brands. Its portfolio includes Channel 5, Telefe, Network 10, Nickelodeon, MTV, Comedy Central, BET, Paramount Network, as well as streaming services Paramount+ and PlutoTV, and ViacomCBS International Studios, among others. In addition to offering innovative streaming services and digital video products, ViacomCBS Networks International provides powerful capabilities in production, distribution and advertising solutions for partners on five continents and across more than 180 countries.

About WarnerMedia

WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content from a diverse array of talented storytellers and journalists to global audiences through its consumer brands including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC, New Line, Cartoon Network, Adult Swim, Turner Classic Movies and others. The organization also includes Xandr’s suite of advanced advertising solutions designed to help to improve advertising for brands, publishers, and consumers.

WarnerMedia is part of AT&T Inc. (NYSE:T).

VIAC-IR

ViacomCBS Networks International:

Kate Laverge

Senior Vice President, Communications

1-347-754-1677

[email protected]

Ashley Priest

Director, Communications

1-646-285-6081

[email protected]

Investors:

Anthony DiClemente

Executive Vice President, Investor Relations

(917) 796-4647

[email protected]

Jaime Morris

Vice President, Investor Relations

(646) 824-5450

[email protected]

Robert Amparo

Manager, Investor Relations

(347) 223-1682

[email protected]

Warner Media

Caroline Rittenberry

Vice President, Communications

1-404-510-1035

[email protected]

KEYWORDS: New York Chile United States South America North America

INDUSTRY KEYWORDS: Satellite Networks Internet TV and Radio Online General Entertainment Technology Entertainment

MEDIA:

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Banner Corporation Announces First Quarter 2021 Conference Call and Webcast

WALLA WALLA, Wash., April 05, 2021 (GLOBE NEWSWIRE) — Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its first quarter results after the market closes on Wednesday, April 21, 2021. Management will host a conference call on Thursday, April 22, 2021, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the results. The call will also be broadcast live via the internet.

Interested investors may listen to the call live at www.bannerbank.com. Investment professionals are invited to dial (866) 235-9915 to participate in the call. A replay will be available for one week at (877) 344-7529 using access code 10153346 or at www.bannerbank.com.

About the Company

Banner Corporation is a $15.03 billion bank holding company operating a commercial bank in four Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. Visit Banner Bank on the Web at www.bannerbank.com.

Forward-Looking Statements

This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in Banner Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Such forward-looking statements speak only as of the date of this release. Banner Corporation expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company’s expectations of results or any change in events.

CONTACT: MARK J. GRESCOVICH,
  PRESIDENT & CEO
  PETER J. CONNER, CFO
  (509) 527-3636



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BD To Announce Financial Results For Its Second Quarter Of Fiscal 2021

PR Newswire

FRANKLIN LAKES, N.J., April 5, 2021 /PRNewswire/ — BD (Becton, Dickinson and Company) (NYSE:BDX) announced today that it will report its financial results for the second quarter of fiscal year 2021 on Thursday, May 6, 2021. BD will issue a press release detailing the quarter’s results, along with related presentation materials posted to www.bd.com/investors, at approximately 6:00 a.m. Eastern Time (ET).

BD management will host a conference call and webcast at 8:00 a.m. ET on May 6. The conference call telephone dial-in number in the U.S. is 800-938-0653. For participants outside the U.S., the dial-in number is 973-935-2408. The confirmation code is: 6334356. The webcast can be accessed through BD’s website at www.bd.com/investors and will be available for replay through Thursday, May 13, 2021.

About BD

BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics, and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its 70,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians’ care delivery process, enable laboratory scientists to accurately detect disease and advance researchers’ capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care. For more information on BD, please visit bd.com or connect with us on LinkedIn at www.linkedin.com/company/bd1/ and Twitter @BDandCo.

Contacts:


Media           


Investors

Troy Kirkpatrick      

Kristen M. Stewart, CFA

VP, Public Relations       

SVP, Strategy & Investor Relations

858.617.2361           

 201.847.5378        


[email protected] 


[email protected]

 

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SOURCE BD (Becton, Dickinson and Company)

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EMCOR Group, Inc. Declares Regular Quarterly Dividend

EMCOR Group, Inc. Declares Regular Quarterly Dividend

NORWALK, Conn.–(BUSINESS WIRE)–
EMCOR Group, Inc. (NYSE: EME) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.13 per common share.  The dividend will be paid on April 30, 2021 to stockholders of record as of April 16, 2021.  

EMCOR Group, Inc. is a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure and building services.  This press release and other press releases may be viewed at the Company’s Website at www.emcorgroup.com.

R. Kevin Matz

Executive Vice President

Shared Services

203-849-7938

FTI Consulting

Investors: Jamie Baird

212-850-5600

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Technology Other Construction & Property Manufacturing Other Technology Construction & Property Building Systems Other Manufacturing

MEDIA:

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Mitch Gould’s 30-Year Career Spans Health Products to Consumer Goods

Gould’s Experience Runs the Retail Gamut from Igloo to Rubbermaid, to Muscle Tech to Remington

BOCA RATON, FL, April 05, 2021 (GLOBE NEWSWIRE) — Igloo, Rubbermaid, Sunbeam, Miracle-Gro, Muscle Tech, and Optimum Nutrition. 

They all have one person in common: Mitch Gould, founder and president of Consumer Products International.

Gould’s 30-year retail career has spanned the entire gamut of retail brands and major outlets, such as Costco, Target, Walmart, and Amazon.

“I’ve been fortunate,” Gould said in a recent interview. “There are not many retail sectors that I haven’t represented or major retailers that I haven’t visited in person.”

Gould said it has been great visiting the headquarters of the retail giants in the U.S.

“Some of these headquarters are like small cities. That’s how big they are,” he said.

Gould also has represented famous athletes and celebrities, such as Steven Seagal, Hulk Hogan, Chuck Liddell, Ronnie Coleman, Steve Garvey, Joe Theismann, Wayne Gretzky, and Roberto Clemente Jr.

“I’ve worked with the biggest athletes and celebrities you can name,” Gould added.

“For some, I’ve turned a concept into a product on the market in less than a year,” Gould said. “That is unheard of.”

Gould has led teams that offered sales expertise, traditional and digital marketing prowess, distribution service for these brands, and celebrity products.

Consumer Products International offers these services to a wide range of consumer goods and health and wellness brands.

“Consumer Products International, or CPI, works with brand manufacturers from a wind range of products,” Gould said. “We have the expertise and the knowledge that cuts across industries.”

In addition to founding Consumer Products International, Gould is also known for his innovative methods in the retail world.

“Many years ago I realized that domestic and international companies that wanted to launch their products in the U.S. often struggled,” said Gould, adding that they often failed because they didn’t understand the American market and they couldn’t manage their expenses.

“After watching how these brands, often with the best new products on the market, struggled, I developed the ‘Evolution of Distribution’ platform,” Gould said.

Under the “Evolution of Distribution” platform, Gould offers brand manufacturers every service they need to launch a product or expand their sales network in the United States.

“Brands that want to launch new products or expand their presence in the United States can turn to our one-stop solution for retail growth,” Gould said. “We are a turnkey operation that does the heavy lifting for our clients.”  

For more information, visit consumerproductsintl.com.

MORE ON CPI AND ITS FOUNDER

CPI is a privately held company specializing in the distribution of consumer goods, such as lawn and garden, home improvement, housewares, sporting goods, consumer electronics, grocery, office supplies, pet supplies, as well as health and wellness products. 

Mitch Gould, the founder of CPI, is a third-generation retail distribution and manufacturing professional. Gould developed the “Evolution of Distribution” platform, which provides domestic and international product manufacturers with the sales, marketing, and product distribution expertise required to succeed in the world’s largest market — the United States. Gould, known as a global marketing guru, also has represented icons from the sports and entertainment worlds such as Steven Seagal, Hulk Hogan, Ronnie Coleman, Roberto Clemente Jr., Chuck Liddell, and Wayne Gretzky.

 

Attachment 



ANDREW TODD POLIN
Consumer Products International
5415012090
[email protected]

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Lisa Detanna Named to Forbes’ List of Top Women Wealth Advisors

Lisa Detanna Named to Forbes’ List of Top Women Wealth Advisors

BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Lisa A. Detanna, AIF ®, MBA, WMS ® Managing Director & Senior Vice President, Investments with Raymond James & Associates, member New York Stock Exchange/SIPC, was among the Raymond James-affiliated advisors named to the Forbes list of America’s Top Women Advisors. The list, which recognizes advisors from national, regional and independent firms, was released online March 24, 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210405005367/en/

Lisa Detanna Named to Forbes’ List of Top Women Wealth Advisors (Photo: Business Wire)

Lisa Detanna Named to Forbes’ List of Top Women Wealth Advisors (Photo: Business Wire)

The Forbes ranking of America’s Top Women Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria and quantitative data, rating thousands of wealth advisors with a minimum of seven years of experience and weighing factors like revenue trends, AUM, compliance records, industry experience and best practices learned through telephone and in-person interviews. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Research Summary (as of February 2021): 32,810 nominations were received based on thresholds (9,785 women) and 1,000 won. This ranking is not indicative of advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience. Neither Forbes nor SHOOK receive a fee in exchange for rankings. Raymond James is not affiliated with Forbes or Shook Research, LLC. Please visit https://www.forbes.com/top-women-advisorsfor more information.

Lisa, who joined Raymond James in 2011, has more than 30 years of experience in the financial services industry. Lisa Detanna who manages more than $1.5 Billion in client assets, offers her clients Estate and Trust Review, Multi-Generational Wealth Planning, Financial and Retirement planning, Investment Management, Insurance Review and Protection of Assets, Concierge Services in a Multi Family setting.

To reach Lisa or the advisors at Raymond James, more information can be found at Global Wealth Solutions Group or by calling 310-285-3906

About Forbes ranking of Top Women Wealth Advisors

Source: SHOOK™ Research, LLC. Data as of 3/10/21. Forbes.com (March 2021)

The Forbes ranking of America’s Top 1,000 Women Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a minimum of 7 years of experience and weighing factors like revenue trends, AUM, compliance records, industry experience and best practices learned through telephone and in-person interviews. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Research Summary (as of February 2021): 32,810 nominations were received based on thresholds (9,785 women) and 1,000 won. This ranking is not indicative of advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience. Neither Forbes nor SHOOK receive a fee in exchange for rankings. Raymond James is not affiliated with Forbes or Shook Research, LLC. Please visit https://www.forbes.com/top-women-advisors for more information.

About Raymond James & Associates

As of 12/31/2020. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, which has built a national reputation for more than 58 years as a leader in financial planning for individuals, corporations and municipalities, is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a leading diversified financial services company with approximately 8,200 financial advisors throughout the United States, Canada and overseas. Total client assets are $1.02 trillion. Additional information is available at raymondjames.com.

Andy Waldbaum, 310-285-4549

Global Wealth Solutions

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Finance Consulting Women Consumer Professional Services

MEDIA:

Photo
Photo
Lisa Detanna Named to Forbes’ List of Top Women Wealth Advisors (Photo: Business Wire)
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Lockheed Martin Announces New F-35 and Program Management Leaders

PR Newswire

FORT WORTH, Texas, April 5, 2021 /PRNewswire/ — Lockheed Martin (NYSE: LMT) announced today Bridget Lauderdale, currently vice president and general manager for Lockheed Martin Aeronautics’ Integrated Fighter Group (IFG), including the F-16 and F-22, has been named vice president and general manager of the F-35 Lightning II Program. Lauderdale succeeds Greg Ulmer, who was promoted to Lockheed Martin Aeronautics executive vice president on Feb. 1. Doug Wilhelm, currently acting vice president and deputy general manager of the F-35 Program, will assume this position permanently.

Additionally, Bill Brotherton, who has been serving as the acting F-35 vice president and general manager, has been named to a new role as vice president, Aeronautics Enterprise Performance. He will oversee Program Management processes and resources to ensure strong program performance across the enterprise. This includes oversight of cost, schedule, and performance reporting for Aeronautics.

A proven leader for more than 25 years, Lauderdale has successfully led business development, program management, engineering, and customer engagement experiences, across Lockheed Martin. In her new role, she will be responsible for partnering with domestic and international customers to ensure the F-35 program delivers the most affordable 5th Generation aircraft in production, advances capability through a stable modernization program; and increases availability while reducing overall operational and sustainment costs.

“Bridget, Bill and Doug are seasoned leaders, uniquely qualified to lead these critical business programs. Their selection showcases the strength and depth of Lockheed Martin’s leadership succession planning,” said Greg Ulmer, executive vice president, Lockheed Martin Aeronautics. “They bring a deep understanding of the Aeronautics’ portfolio and strong customer relationships. Key leadership transitions like this allow us to accelerate our ability to meet the urgent needs of our customers around the globe and, together, we will work tirelessly on our many game-changing products and services that support our warfighters.”

A successor for Lauderdale’s IFG role will be named later. OJ Sanchez, vice president F-22 program, will serve as the acting IFG vice president and general manager in the interim. These changes will be effective April 12. 

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Please follow @LMNews on Twitter for the latest announcements and news across the corporation.

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SOURCE Lockheed Martin Aeronautics

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Union Bank Taps Industry Veterans as Heads of Community Banking and Wealth Management

Lisa Roberts and Sterling Sankey named to new leadership positions

PR Newswire

LOS ANGELES, April 5, 2021 /PRNewswire/ — Union Bank today announced that Lisa Roberts has been named Head of Community Banking and Sterling Sankey will be Head of Wealth Management. Both leaders will report to Greg Seibly, President of Union Bank and Head of Regional Banking.

“Lisa and Sterling have the experience, industry expertise, client focus and extraordinary talent to lead Union Bank into our next chapter,” Seibly said. “Under their leadership, we will continue to grow as a premier West Coast regional bank.”

As Head of Community Banking, Roberts will lead the bank’s mass market and mass affluent segment strategy as well as its network of Union Bank branches and their role in serving the broad range of needs of clients in each community it serves. She will drive the Union Bank community banking approach, including continuing the evolution of the bank’s back-to-basics branch strategy, delivering new digital banking services and enhancing the Bank Freely product suite. She will continue to be based in Northern California.

Roberts has spent the last five years as Managing Director and Head of Private Wealth Management at The Private Bank at Union Bank. Prior to that, she was a Managing Director at Freestone Capital Management and Managing Director, Regional Executive for Northern California at Citigroup. She brings more than 30 years of financial services experience to this position, with prior leadership positions at Bank of America, Wells Fargo and Bank One. Roberts holds a Bachelor of Science in Business Finance from Indiana University and an MBA from Capital University.

“I’m excited to take on this new role within the bank and work with such a dedicated team. Our people and their commitment to their clients are our biggest strengths,” Roberts said. “There is an incredible opportunity for Union Bank to grow client and community relationships through our branches – and through our exceptional teams who can deliver on a wide variety of needs for our clients.”

Sankey will join Union Bank April 26 as Head of Wealth Management. In this role, Sankey will lead The Private Bank at Union Bank, which includes the company’s private wealth management, wealth planning, and trust and estate services, as well as the bank’s brokerage subsidiary, Union Bank Investment Services (UBIS), and HighMark Capital Management Inc. (Highmark), its investment management subsidiary. He will be based in Seattle, Wash.

Sankey brings more than 30 years of experience to Union Bank. Previously, he spent over a decade at Wells Fargo leading its private bank in the western region after growing the bank’s footprint across the Northwest Washington and Great Lakes regions. Prior to Wells Fargo, Sankey was a Senior Vice President at Bank of America, where he spent more than 20 years building out the bank’s business banking offerings and overseeing the Northwest Washington region as Market President. Sankey received his Bachelor of Arts in Business Administration from Western Washington University.

“It’s an honor to be joining Union Bank as the new Head of Wealth Management,” Sankey said. “Lisa and her team have built an incredible platform and I’m looking forward to bringing my experience in the Western Region to the bank and building on its rich, 150-year history.”

About MUFG Union Bank, N.A.
As of December 31, 2020, MUFG Union Bank, N.A. operated 348 branches, consisting primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York, and Georgia. We provide a wide spectrum of corporate, commercial, and retail banking and wealth management solutions to meet the needs of our clients. We also offer an extensive portfolio of value-added solutions for clients, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services. With assets of $132 billion, as of December 31, 2020, MUFG Union Bank has strong capital reserves, credit ratings, and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MUFG), one of the world’s largest financial institutions with total assets of approximately ¥351.7 trillion (JPY) or $3.4 trillion (USD)¹, as of December 31, 2020. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company, and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, California.

1 Exchange rate of 1 USD=¥103.5 (JPY) as of December 30, 2020

Press contact:

Diana Rodriguez

(213) 434-3193
[email protected]

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SOURCE Union Bank

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The San Jose Earthquakes Introduce PayPal Park

PayPal and the San Jose Earthquakes enter multi-year sponsorship agreement that celebrates fans, the San Jose community, and local small businesses

PR Newswire

SAN JOSE, Calif., Apr. 5, 2021 /PRNewswire/ — PayPal Holdings Inc. (NASDAQ: PYPL) and the San Jose Earthquakes today announced a multi-year sponsorship agreement that includes naming rights for the Major League Soccer (MLS) team’s stadium located in San Jose, California, which will be called PayPal Park. The 10-year partnership is built to celebrate Quakes fans, the San Jose community, and local small businesses, and will reimagine the future of live event experiences for sports fans by leveraging PayPal’s innovative payments technology.

“PayPal is deeply committed to San Jose, and we are excited to partner with the San Jose Earthquakes to introduce PayPal Park to our passionate Quakes community and local small businesses,” said Dan Schulman, president and CEO, PayPal. “This is a unique opportunity to partner with a valued sporting brand and strong community of fans, as we draw on our digital payments technology and work together to redefine the future of live event experiences.”

“We couldn’t be more thrilled to find a stadium naming rights partner that aligns with our vision of uplifting the local community,” said Earthquakes Chief Operating Officer Jared Shawlee. “PayPal is a highly respected global brand with its headquarters less than two miles from our Front Office. We’re excited to partner on a number of initiatives that aim to support local small businesses and underserved youth, while also making the stadium a more touchless experience for our guests.”

PayPal and the Earthquakes’ commitment to the San Jose community will be an integral part of the matchday experience.  PayPal Park will feature a 250-seat reserved section of the stadium that will host members of the community and provide them with access to complimentary tickets and transportation to and from home matches. Local youth and nonprofit organizations will be invited to Earthquake’s training sessions and have opportunities to play games on the stadium field. Additionally, Quakes fans will be given special offers and discounts, giveaways, and surprise and delights from PayPal and Venmo.

“We are thrilled to have San Jose’s stadium and great social gathering space bearing the name of a hometown employer, community partner, and global industry leader in PayPal,” said San José Mayor Sam Liccardo. “PayPal’s partnership with the Quakes prominently positions two authentic, wildly popular San Jose brands at our city’s gateway, greeting millions of visitors travelling annually through our airport into Silicon Valley.”

The community-first partnership will offer San Jose and Bay Area small businesses opportunities to reach new audiences and partake in events and programs that fuel their growth. For each home game, PayPal and the Quakes will spotlight a small business, driving exposure through signage, curated social media promotion and other marketing activities. PayPal Park will also explore expanding the utility of the stadium to facilitate other events that bring together the local community and small businesses.

PayPal Park will be outfitted with PayPal’s digital payments technology, including the ability to pay touch-free with QR codes at point-of-sale (POS) systems around the stadium and feature benefits like fast lanes that provide fans paying with PayPal or Venmo a quicker checkout experience. These advancements will help transform PayPal Park into a leading-edge, post COVID-19 venue that offers new and seamless ways to maximize how fans experience live events. In addition, the Quakes will further embed the brand’s payment solutions throughout its digital properties and feature PayPal at multiple touchpoints throughout the fan journey.

About PayPal
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 375 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.

About PayPal Park
PayPal Park, home to Major League Soccer’s San Jose Earthquakes, is an 18,000-seat soccer-specific stadium located on Coleman Ave. adjacent to the San Jose International Airport. The European-inspired building is the first cloud-enabled venue in MLS and is among the most technologically advanced stadiums in the world. The stadium features a canopy roof and the steepest-raked seating in MLS to provide the best possible fan experience. Additionally, the north end zone houses the largest outdoor bar in North America, a two-acre fan zone and a double-sided video scoreboard. The suites and club seats are located at field level, giving fans a premium experience unlike any other in professional sports. The stadium has hosted numerous non-MLS regular season events since its inaugural season in 2015, including the International Champions Cup, numerous U.S. Women’s National Team friendlies, the World Rugby Pacific Nations Cup, the 2016 Major League Soccer All-Star Game against Arsenal FC and a 2018 FIFA World Cup qualifier for the U.S. Men’s National Team. For more information about PayPal Park, visit sjearthquakes.com.

PayPal Press Contact
Gideon Anstey
[email protected]

Earthquakes Press Contact
Jake Pisani
[email protected]

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SOURCE PayPal, Inc.