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Ocean Bio-Chem, Inc. Reports Record 2021 First Quarter Net Sales – Increase of 68% or $5.3 million

PR Newswire

FORT LAUDERDALE, Fla., April 19, 2021 /PRNewswire/ — Ocean Bio-Chem, Inc. (NASDAQ: OBCI), parent of Star brite, Inc., announced today record net sales for the first quarter of 2021. For the first quarter of 2021, net sales were approximately $13.1 million, compared to approximately $7.8 million for the first quarter of 2020, an increase of approximately 68% or $5.3 million.

Peter Dornau, President and CEO commented, “Our first quarter net sales continued to be exceptionally strong, building on the success of our outstanding 2020 results. The unprecedented growth of core products is attributable to the many customers we serve in several markets. The Company’s sales increased across the board to marine retailers and wholesale distributors, as well as online customers. In addition, the Company realized specific sales increases in specialty sporting goods stores, major national auto chains, and RV markets.”

Mr. Dornau continued, “One of the core strengths of our Company and reason for our current success is a smart inventory investment strategy. Through leveraging our long-standing relationships with our supply chain partners and streamlining our management systems, we have been able to keep production flowing, while many other companies are experiencing disruptions. In an era of raw material shortages often resulting in delayed or missed sales, our Company has been able to meet our customers’ needs and keep orders filled.”

Mr. Dornau concluded, “We are hopeful that the boating season breaks early. Good weather coupled with an increase in the number of recreational boaters should bode well for a continued strong pace of incoming sales orders.”

About Ocean Bio-Chem, Inc.

Ocean Bio-Chem, Inc. manufactures, markets and distributes a broad line of appearance and maintenance products for the marine, automotive, power sports, recreational vehicle and outdoor power equipment markets under the Star brite®, Star Tron®, Performacide®  and Odor Star® within the United States and Canada. In addition, the Company produces private label formulations of many of its products for various customers and provides custom blending and packaging services for these and other products.

The Company’s web sites are: www.oceanbiochem.com, www.starbrite.com, www.startron.com and www.performacide.com

Forward-looking Statements:

Certain statements contained in this Press Release, including without limitation, our estimated sales for the first quarter ending March 31th  2021, continued strong order pace, strong boating season and continued uninterrupted supply of raw materials constitute forward-looking statements. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “believe,” “may,” “will,” “expect,” “anticipate,” “intend,” or “could,” including the negative or other variations thereof or comparable terminology, are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from those expressed or implied by such forward-looking statements. Factors that may affect these results include, but are not limited to, the highly competitive nature of our industry; reliance on certain key customers; changes in consumer demand for marine, recreational vehicle and automotive products; advertising and promotional efforts; exposure to market risks relating to changes in interest rates, foreign exchange rates, prices for raw materials that are petroleum or chemical based and other factors addressed in Part I, Item 1A (“Risk Factors”) in our annual report on Form 10-K for the year ended December 31, 2020.

Contact:

Peter Dornau

CEO & President
[email protected]
954-587-6280

Jeff Barocas

Vice President & CFO
[email protected]
954-587-6280

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SOURCE Ocean Bio-Chem, Inc.

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Globally Recognized Inclusion And Diversity Executive Barbara Whye Joins BlackLine Board of Directors

PR Newswire

Named one of Fortune’s 2020 ‘Most Powerful Women in Business’, Whye brings extensive experience fostering inclusion and diversity in tech to guide the accounting automation software leader 

LOS ANGELES, April 19, 2021 /PRNewswire/ — BlackLine, Inc. (Nasdaq: BL) announced today that Barbara Whye has joined its board of directors effective April 15, 2021.  Whye is the fourth female director on BlackLine’s board.  A widely recognized inclusion and diversity leader and advocate for social change, Whye currently heads inclusion and diversity at Apple.  She will draw on her experience of more than 25 years in the technology industry to help BlackLine as it strives to continuously evaluate, improve and expand its Environmental, Social and Governance (ESG) efforts, including, in particular, its Diversity, Equity and Inclusion (DEI) programs.

“Diversity, equity and inclusion are deeply rooted in our core values in service of our global workforce, our customers and the communities in which we work and live,” said BlackLine CEO and board member Marc Huffman.  “We look forward to Barbara’s guidance as we advance a culture of inclusion that empowers employees to think, create and serve in a workplace where everyone truly feels they belong.”

As vice president of inclusion and diversity at Apple, Whye is leading the company’s commitment to build a more equitable and inclusive world.  Previously, she was chief diversity and inclusion officer at Intel where she led a $300 million ‘Diversity in Technology’ initiative that resulted in the chipmaker reaching full representation of women and underrepresented minorities in its U.S. workforce two years ahead of schedule.  She was also responsible for Intel’s investments in programs that deliver positive global impact, including corporate social responsibility and sustainability initiatives and STEM (Science, Technology, Engineering and Mathematics) education portfolios with an emphasis on girls and underserved populations.  Whye began her career as an electrical engineer and has since held numerous positions, including leadership and project engineering roles with BellSouth and NCR. 

“I am honored by the opportunity to join the BlackLine board and excited to contribute to the continued growth of this extraordinary company that has emerged as the leader in modern accounting,” said Whye.  “I find BlackLine truly committed to driving excellence and its leadership’s unwavering focus on innovation, collaboration, inclusion and customer success is unmatched.” 

Whye has been the recipient of multiple industry awards, including Fortune’s 2020 list of the ‘Most Powerful Women in Business’, a 2019 Black Enterprise ‘Most Powerful Women in Corporate Diversity’ award and a 2019 ‘Most Influential Women in Corporate America’ award.  She holds a bachelor of science degree in electrical engineering from the University of South Carolina and an MBA from the University’s Darla Moore School of Business. 

“Barbara is a powerful force for positive social change,” said Therese Tucker, BlackLine’s founder and executive board chair.  “She shares my passion and commitment to advocate for diversity, equity and inclusion in technology and leadership.”


About BlackLine



Companies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable.  BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility.  BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control.

More than 3,400 customers trust BlackLine to help them close faster with complete and accurate results.  The company is the pioneer of the cloud financial close market and recognized as the leader by customers at leading end-user review sites including Gartner Peer Insights, G2 and TrustRadius.  Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney.  For more information, please visit blackline.com.

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SOURCE BlackLine

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Black Knight’s Newest API Automates Bulk Bidding for Investors, Hedge Advisors and Lenders

– Black Knight’s new pricing and committing API helps investors automate bulk bids and commitments in the correspondent lending process

– This advanced API sets a new automation standard for correspondent buyer-seller interactions; it helps both investors and lenders achieve greater pricing accuracy, speed and transaction efficiency while extending daily pipeline marks to lenders

– Investors can benefit from greater scalability in correspondent lending operations with the ability to view, price and purchase loans from more sellers, all with greater accuracy and speed, resulting in an overall more efficient loan acquisition process

– The API is now integrated with CompassPoint, Black Knight’s risk management and loan sale platform, and the Resitrader loan trading solution, and is also available to other hedge advisors and technology providers

– For the first time, lenders can now access daily price indications for rate lock commitments and closed loans in their pipelines from participating investors who previously did not publish daily mandatory price models

PR Newswire

JACKSONVILLE, Fla., April 19, 2021 /PRNewswire/ — Black Knight, Inc. (NYSE:BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, recently announced the launch of a new application programming interface (API) to help investors automate bulk transaction pricing and committing in the correspondent lending process. This represents another step forward in the company’s strategy to boost lender efficiencies and workflow automation by providing real-time access to advanced secondary marketing capabilities throughout the mortgage loan process.

The new pricing and committing API is now integrated with CompassPoint, Black Knight’s risk management and loan sale platform, which is used by hundreds of industry professionals to hedge, value and sell more than $1 trillion in mortgage originations annually. It is also available via Resitrader, Black Knight’s online loan trading platform, which connects investors to a large base of sellers through a secure, cloud-based environment. Additionally, other mortgage hedge advisors and technology providers can implement this scalable, loan-level API for the benefit of their own lender customers.

Simplifying the exchange of information between correspondent buyers and sellers engaged in bulk transaction bidding and committing, the API provides an automated mechanism through which data can be shared and loans can be priced. Lenders can also access daily price indications for rate-lock commitments and closed loans in their pipeline.

“Black Knight continues to expand its development of APIs to drive innovation where there are industry opportunities for automation and efficiency,” said Rob Kessel, managing director, Black Knight Secondary Marketing Technologies. “This API marks a new standard for correspondent buyer-seller interactions and processes by automating the exchange of data, which has historically been a very manual process. It also solves the daily price discovery problem so many correspondent sellers face.”

Backed by CompassPoint’s sophisticated pipeline valuation model, the Black Knight API helps investors achieve higher levels of pricing accuracy and margin detail. With the ability to view more bids from more sellers, priced with greater accuracy, investors benefit from a more efficient commitment process and greater scalability. This advanced integration also provides sellers with one of the most efficient commitment workflows available, increasing the ease of doing business with the investor.   

“Black Knight remains committed to providing comprehensive solutions that support an end-to-end correspondent lending process,” said Kessel. “Combined with our capabilities in valuation and analytics, pipeline risk management, and hedge advisory solutions and services, this API offers another layer to our secondary marketing ecosystem, which creates more efficiencies for the growing correspondent market.”

About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

For more information:                 

Michelle Kersch                            

Mitch Cohen

Black Knight, Inc.                           

Black Knight, Inc. 

904.854.5043                                  

704.890.8158


[email protected]           


[email protected]

 

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SOURCE Black Knight, Inc.

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Advent Technologies Releases Statement on President Biden’s Infrastructure Proposal

Advent Technologies Releases Statement on President Biden’s Infrastructure Proposal

BOSTON–(BUSINESS WIRE)–
Today, Dr. Vasilis Gregoriou, Chairman and CEO of Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), released the following statement commenting on the American Jobs Plan, which was announced on March 31, 2021 by U.S. President Joe Biden.

“Advent Technologies welcomes President Biden’s American Jobs Plan, specifically the country clearly articulating its deepened support for clean energy and stating a goal of 100 percent clean power by 2035.

We also believe that the proposed $174 billion investment towards the EV market is an incredible step in the right direction. The complete electrification of the mobility industry demands that fuel cells, hydrogen, renewable fuels, and batteries work as complementary solutions depending on the application. The American Jobs Plan focus on direct air capture also makes it more likely that synthetic E-fuels can be created in scale and be used in hard to decarbonize applications.

At Advent, we produce fuel cells that convert hydrogen and other renewable fuels to electricity. These technologies will be essential for realizing the goal of 100 percent clean power. Many hard to decarbonize industrial and mobility applications such as combined heat and power, grid and microgrid-level energy storage, aviation, shipping, heavy duty automotive and off-grid applications require zero-emissions fuels such as hydrogen and cannot rely completely on batteries – opening new opportunities for industrial use of hydrogen and fuel cells.

Consequently, it is key that the U.S. increase the private and public sector joint efforts in next-generation fuel cell technology. Advent has recently announced a series of initiatives that will help achieve this goal, including:

We look forward to an accelerated energy transition in the U.S. under President Biden’s leadership; and we remain committed to actively playing our role in decarbonizing the world.”

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is an American corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents (issued and pending) for its fuel cell technology, Advent holds the IP for next-gen high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible ‘Any Fuel. Anywhere’ option for the automotive, maritime, aviation and power generation sectors. www.advent.energy

Advent Technologies

Elisabeth Maragoula

[email protected]

Sloane & Company

Joe Germani / James Goldfarb

[email protected] / [email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Other Manufacturing Other Energy Automotive Manufacturing Public Policy/Government Manufacturing Alternative Energy Energy White House/Federal Government Public Policy

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NBA Star and Television Personality John Salley Joins One World Pharma’s Board of Advisors

LAS VEGAS, NV, April 19, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — One World Pharma Inc. (OTC: OWPC), (“OWP” or the “Company”), a U.S. based, fully licensed, pure-play hemp and cannabis ingredient producer in Colombia, is pleased to announce that NBA star, television personality and businessman John Salley has joined the Company’s growing Board of Advisors.

As the #11 selection in the 1986 NBA Draft, Mr. Salley played 15 years in the NBA and was the first player to win four championships with three different teams.  During the 1980s, Salley was a member of the iconic Detroit Pistons “Bad Boys” squad alongside NBA All-Time great and One World Pharma CEO Isiah Thomas. Salley would later win championships with the Chicago Bulls and Los Angeles Lakers. He has continued his success in film and television and is considered a highly influential voice in sports and popular culture.  Mr. Salley is also an entrepreneur in the cannabis industry, launching his own brand Deuces22 and taking an ownership stake in the cannabis testing company Greenspace Labs. He also is an advisory member of Budtrader.

Mr. Salley joins a growing Board of Advisors that is chaired by Minyon Moore, who is widely considered one of the nation’s top strategic thinkers with extensive experience in political and corporate affairs as well as public policy. Ms. Moore was named one of the 100 Most Powerful Women in Washington by Washington Magazine, and has been inducted into the American Association of Political Consultants (AAPC) Hall of Fame.

“John was not just my teammate on one of the most successful championship teams in NBA history, he is a creative executive with an incredible history of winning in sports, entertainment, and more,” said Isiah Thomas, CEO, of One World Pharma. “I fully expect John to contribute immediately, to provide both advice and introductions, and to be an integral part of our effort to be an international supplier of the finest cannabis ingredients in the marketplace.”

“It is my distinct pleasure to once again join my teammate and dear friend Isiah in the pursuit of excellence in an industry where I am deeply passionate,” stated John Salley. “I’ve watched with interest since Isiah first came on board with One World Pharma and noted with admiration how he has steered the Company to the broader opportunities within the cannabis industry and done so with a model grounded in socially conscious business practices.”

About One World Pharma

Formed in 2017, One World Pharma Inc. (“OWP”) is a fully licensed global supplier of high-quality hemp-derived ingredients for use in the manufacturing of Consumer Packaged Goods (CPGs) and Over-the-Counter (OTC) products. OWP offers a reliable and sustainable supply chain for chemical formulators, food & beverage producers as well as beauty product manufacturers worldwide. The company maintains corporate offices in Las Vegas, NV and Bogota Colombia and a facility in Popayan, Colombia. 

One World Pharma Investor Relations & Financial Media
Kurt Divich, CEO
Integrity Media Inc.
[email protected]
Toll Free: (888) 216-3595
www.IntegrityMedia.com

Information about Forward-Looking Statements

This press release contains “forward-looking statements” that include information relating to future events. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the failure to close the remaining funding installments with ISIAH International, the Company’s need for additional funding, the demand for the Company’s products, governmental regulation of the cannabis industry, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, risks related to operating in Colombia, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other risks that may be detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting One World Pharma, please refer to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on May 29, 2020, which is available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.



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Crédit Agricole CIB Appoints Matthew Owen as Director, Financial Institutions Coverage Canada

Crédit Agricole CIB Appoints Matthew Owen as Director, Financial Institutions Coverage Canada

MONTRÉAL & TORONTO & NEW YORK–(BUSINESS WIRE)–
Matthew Owen has joined Crédit Agricole CIB as Director, Financial Institutions Coverage for Canada, effective April 12, 2021.

Matthew is a seasoned banker with more than 10 years’ experience covering Financial Institutions in Australia, Singapore, Hong Kong & Canada. Matthew commenced his finance career in 2008 in Sydney, Australia at the Commonwealth Bank of Australia in their Institutional Bank covering financial institutions, with a focus on debt capital markets origination and liquidity management. During this time in the role, he worked in Hong Kong and later in Singapore, working closely with local financial institutions in the region. In 2015, he joined National Australia Bank as a Director in their institutional transactional solutions department with responsibilities for their corporate institutional clients. Matthew joins Crédit Agricole Corporate and Investment Bank from his most recent role at HSBC Bank Canada where he was responsible for the coverage of the Canadian Banks.

Based in Toronto, Matthew will report locally to Laurent de Monts, Managing Director & Head of Financial Institutions Group for Crédit Agricole CIB Canada.

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2020). Nearly 8,400 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank’s clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.

For more information, please visit www.ca-cib.com

Crédit Agricole CIB

Jenna Lee – Head of Communications for the Americas

CACIB Americas

@ [email protected]

Tel: + 1 212 2617328

KEYWORDS: United States North America Canada New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Castor Maritime Inc. Announces Vessel Acquisition

LIMASSOL, Cyprus, April 19, 2021 (GLOBE NEWSWIRE) — Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015 Chinese-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $23.5 million.

The vessel will be delivered to the Company with a time charter contract attached with a reputable charterer, at a daily gross charter rate equal to 114% of the Baltic Panamax Index, and with an estimated remaining term of about 17 to 21 months.

The acquisition is expected to be consummated by taking delivery of the vessel within the second quarter of this year and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chief Executive Officer of Castor, commented:

“We are pleased to announce our eleventh vessel acquisition in 2021 with the addition of another Kamsarmax dry bulk vessel, our sixth, to Castor’s fleet. Upon completion of all our announced acquisitions, our fleet will consist of seventeen vessels.

With significant capital on hand, we continue to look for further opportunities to grow our fleet with the addition of high-quality tonnage.”


About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

On a fully delivered basis, Castor will own a fleet of 17 vessels, with an aggregate capacity of 1.5 million dwt, consisting of 1 Capesize, 6 Kamsarmax, and 7 Panamax dry bulk vessels, as well as 1 Aframax and 2 Aframax/LR2 tankers. Where we refer to information on a “fully delivered basis”, we are referring to such information after giving effect to the successful consummation of our recent vessel acquisitions.

For more information please visit the Company’s website at www.castormaritime.com Information on our website does not constitute a part of this press release.


Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are including this cautionary statement in connection with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may, “should”, “expect”, “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include general dry bulk and tanker shipping market conditions, including fluctuations in charter hire rates and vessel values, the strength of world economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk and tanker shipping industry, including the market for our vessels, changes in our operating expenses, including bunker prices, dry docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, the length and severity of the COVID-19 outbreak, the impact of public health threats and outbreaks of other highly communicable diseases, the impact of the expected discontinuance of LIBOR after 2021 on interest rates of our debt that reference LIBOR, the availability of financing and refinancing and grow our business, vessel breakdowns and instances of off-hire, potential exposure or loss from investment in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management, and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.


CONTACT DETAILS


For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: [email protected] 

Media Contact:
Kevin Karlis
Capital Link
Email: [email protected] 



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Bill.com Announces Integrations with Microsoft Dynamics 365

Bill.com Announces Integrations with Microsoft Dynamics 365

The new integrations enable joint customers to pay and get paid quickly and easily

SAN JOSE, Calif.–(BUSINESS WIRE)–
Bill.com (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses (SMBs) today announced an expansion of the company’s partner ecosystem with Microsoft Dynamics 365, including Microsoft Dynamics 365 Business Central and Microsoft Dynamics GP. Mutual customers will now be able to take control of their financial processes, save time and scale with confidence through the power of the integrations’ accounts payables (AP) and accounts receivables (AR) intelligent automation workflows and payments.

Key Customer Benefits of the Bill.com Sync with Dynamics 365 Include:

  • Time Savings: Save half the time spent on payables processes through automated and streamlined AP workflows, reduced manual data entry, and flexible, single click payment options from wherever you are.
  • Easier Payables and Receivables Management: By integrating with existing Dynamics 365 accounting software, customers can manage cash flow in real-time, set up their payables and receivables within days, and quickly and easily pay and get paid.
  • Enhanced cash flow visibility and stronger financial process control: Customers can stay in control at every step by managing approval policies with custom workflows, ensuring payment accuracy and timeliness, and reduction of errors and risks

“The Bill.com and Dynamics 365 sync streamlines our entire AP process – from coding invoices, collecting approvals, to making digital payments – enabling us to have real-time visibility and understanding of our company’s cash position both with the accounting team and at the asset management level,” said Collin Casper, CFO of JMA Ventures LLC. “This integration eliminates duplication of work efforts and saves us tremendous time across the entire company.”

“We are thrilled to bring our Microsoft Dynamics 365 relationship to market to power payments processes for small and midsize businesses, helping them build efficient payment workflows, simplify their AP and AR management, and scale with stronger financial process control,” said Josh Goines, senior vice president of strategic partnerships and business development. “Cash flow is the lifeline for small and midsize companies, and at such a crucial time in our economy, it is important that we can deliver the digital tools and innovation to help them succeed.”

“This integration with Bill.com is a two-way automated sync, delivering native payment capabilities for Microsoft customers in a complete AP solution,” said Mike Morton, general manager of Dynamics Business Central at Microsoft. “As part of continually delivering solutions for our clients, we look for partners such as Bill.com that will bring new and differentiated offerings to the table.”

The Bill.com and Dynamics 365 automatic sync is now live. For more information on the Bill.com Sync with Microsoft Dynamics, please click here.

About Bill.com

Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments. The Bill.com AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflow. The company partners with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers. Bill.com has offices in San Jose, California and Houston, Texas. For more information, visit www.bill.com.

Oriana Branon

[email protected]

619-997-0299

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Professional Services Data Management Technology Finance Software Internet

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ModivCare Inc. Announces Addition of Three New Independent Directors

ModivCare Inc. Announces Addition of Three New Independent Directors

DENVER–(BUSINESS WIRE)–
ModivCare Inc. (“ModivCare” or the “Company”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions focused on improving patient outcomes, today announced that the number of directors comprising its Board of Directors has been increased to ten, and that Garth Graham, Stacy Saal, and Rahul Samant have been appointed to the Company’s Board of Directors.

Chris Shackelton, Chairman of the Board of ModivCare, shared, “The addition of our three new directors marks another important milestone for ModivCare. This notable group of leaders brings differentiated and complementary talent and experience to our Board. We are proud to be building a transformative value-proposition within the health care industry for our patients and partners, and we are confident that each of our new directors shares our commitment to this mission. Garth Graham is a leading authority on social determinants of health and has extensive experience in community and public health, including with companies such as Google, CVS Health Corporation and Aetna, Inc. Stacy Saal has excelled at elevating the customer experience and driving results throughout her career, including more than a decade in key leadership roles within prominent divisions of Amazon, such as Amazon Fresh and Prime Now. Rahul Samant has a stellar three-decade track record implementing technological and operational enhancements at companies such as Delta Air Lines, Inc., American Insurance Group, Inc., and Bank of America Corporation.”

Dan Greenleaf, President and Chief Executive Officer of ModivCare, added, “The breadth of experience that these visionary leaders bring to ModivCare will enable us to continue to innovate our technology platform, elevate the patient experience, and dismantle the barriers to care. We welcome Garth, Stacy, and Rahul to the Board and look forward to their guidance as we continue to drive transformational growth at ModivCare through an expanded suite of services that address the social determinants of health.”

Garth Graham, MD, brings to ModivCare’s Board approximately two decades of extensive healthcare experience, with an emphasis on community and public health. He currently serves as Director and Global Head of Healthcare and Public Health, Google/YouTube at Alphabet, Inc. Previously, he was Chief Community Health Officer at CVS Health Corporation; President of Aetna Foundation and Vice President, Community Health at Aetna, Inc.; Assistant Dean, Health Policy and Chief, Health Services Research at University of Florida’s Department of Medicine; and Attending Physician at The Massachusetts General Hospital. Dr. Graham started his career serving in two U.S. administrations as U.S. Deputy Assistant Secretary for Health where he led the development of the federal government’s first national health disparities plan. An elected member of the National Academy of Medicine, he serves on several boards, including: The National Heart, Lung, and Blood Institute Advisory Council; the Institute of Medicine Board on Population Health; and the Board of the National Quality Forum. He graduated with a BS in Biology from Florida International University, an MPH from Yale School of Public Health, and an MD from Yale University’s School of Medicine.

Stacy Saal brings to ModivCare’s Board nearly twenty-five years of broad leadership experience in strategy, team building, marketing, operations, and product management all unified by a strong focus on the customer experience. She currently serves as Chief Operating Officer of Babylon Inc. Previously, she held various executive leadership roles in marketing, operations, and general management at Amazon.com, Inc. Previously, she was Vice President, Operations at GlobalWine, Chief Executive Officer of Tom’s Cookies, and Director, Demand Planning, Dockers Brand at Levi Strauss & Co. At the start of her career, Ms. Saal held merchandising, operational and supply chain optimization roles at Williams-Sonoma, Inc. She graduated with a BA in Economics from Sonoma State University.

Rahul Samant brings to ModivCare’s Board more than thirty years of technological and operational leadership experience. He currently serves as Executive Vice President and Chief Information Officer at Delta Air Lines, Inc. Previously, he was Chief Digital Officer and Global Head of Application Development and Management at American International Group, Inc. and held various technology leadership roles at Bank of America Corporation, including: Chief Information Officer and Head of Technology and Operations for Global Wealth and Investment Management; Managing Director, Global Delivery; and Fixed Income Securities Technology Executive. Mr. Samant commenced his career at Unisys. He graduated with BS in Electronics Engineering from University of Mumbai and an MBA in General Management from Wake Forest University.

About ModivCare Inc.

ModivCare Inc. (Nasdaq: MODV) is a technology-enabled healthcare services company, which provides a suite of integrated supportive care solutions for public and private payors and their patients. ModivCare’s value-based solutions address the social determinants of health (SDoH), enable greater access to care, reduce costs, and improve outcomes. ModivCare is a leading provider of non-emergency medical transportation (NEMT), personal and home care, and nutritional meal delivery. ModivCare also holds a minority equity interest in CCHN Group Holdings, Inc. and its subsidiaries (“Matrix Medical Network”), which partners with leading health plans and providers nationally, delivering a broad array of assessment and care management services to individuals that improve health outcomes and health plan financial performance. To learn more about ModivCare, please visit: www.modivcare.com.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are predictive in nature and are identified by the use of the terms “may,” “could,” “will,” “look forward to” and “aim,” and similar words indicating possible future expectations, events or actions. Such forward-looking statements are based on current expectations, assumptions, estimates and projections about the Company’s business and the Company’s industry, and are not guarantees of the Company’s future performance. These statements are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s ability to control or predict, which may cause actual events to be materially different from those expressed or implied herein. The Company has provided additional information about the risks facing the Company’s business in its most recent annual report on Form 10-K, and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”). You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made and are expressly qualified in their entirety by the cautionary statements set forth herein and in the filings with the Commission identified above, which you should read in their entirety before making an investment decision with respect to the Company’s securities. The Company undertakes no obligation to update or revise any forward-looking statements contained in this release, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor Contact:

The Equity Group

Kalle Ahl, CFA

T: (212) 836-9614

[email protected]

KEYWORDS: United States North America Colorado

INDUSTRY KEYWORDS: General Health Health Transport Logistics/Supply Chain Management

MEDIA:

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Medical Marijuana, Inc. Reports $46.9M in Revenue and Increased Margins in 2020 Year-End Financial and Operational Results Filing

SAN DIEGO, CA, April 19, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Medical Marijuana, Inc.  (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today financial results for the quarter and year ending Dec. 31, 2020, and provided an overview of recent operational highlights.

“While the entire world felt the impact of 2020, I could not be more proud of how our team remained flexible and executed on our mission of bringing the highest-quality, cannabinoid-based products to global markets,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We were able to finish 2020 on a strong note and go into 2021 with significant positive momentum. It has been encouraging to witness an increased demand for wellness products and sweeping victories on every pro-cannabis legislation proposal in the US. In the first quarter of 2021 alone, new states such as New York, New Jersey, Virginia and New Mexico have entered the cannabis industry and several federal cannabis bills are likely to pass in Congress soon. As an industry pioneer and leader, we remain not only optimistic about our results, but about how we are positioned to capitalize on the future of our industry.”

Year-End 2020 Financial Highlights

  • Generated $46.9 million in net revenue in 2020;
  • Gross Margins increased from 76% in 2019, to 80% in 2020
  • GAAP Sales & Marketing expense decreased as a percentage of sales from 55% in 2019 to 48% in 2020;
  • Cash position at the end of 2020 was $5.7 million;

Year-End 2020 Operational Highlights

  • Completed clinical study using its Real Scientific Hemp Oil-X™ cannabidiol (CBD) oil and published results in the EC Neurology (ECNE), an internationally peer-reviewed journal that publishes articles related to worldwide research in neuroscience;
  • Subsidiary Kannaway® participated in the 2020 Validcare clinical study on CBD liver toxicity;
  • Reached a two-year milestone for long-term stability testing on its flagship THC-free CBD oil product Real Scientific Hemp Oil-X™ (RSHO-X™) in a stability study conducted in strict compliance with FDA/ICH guidelines (Q1A-R2);
  • Expanded its production and warehouse facility, further vertically integrating the Company’s supply chain, enabling broader product R&D and internal manufacturing;
  • Dr. Titus was honored as a Bronze 2020 CEO World Award winner for Top CEO of the Year – The Visionary, a Gold Stevie® Award winner for Executive of the Year – Food & Beverage and a 2020 Golden Bridge Business and Innovation Awards Gold Award – Lifetime Achievement Award winner;
  • Pharmaceutical investment company Neuropathix, formerly known as Kannalife, Inc., completed its phase 1 study funded by a grant (1R41DA044898-01) from the National Institutes of Health’s (NIH) National Institute on Drug Abuse (NIDA);
  • Subsidiary Kannaway®  launched in the U.S. cannabinol (CBN) market with the release of two new CBN isolate products in the US and entered the European cannabigerol (CBG) market with the release of its Kannaway® Premium CBG;
  • Subsidiary Kannaway® was named the Most Popular Cannabidiol MLM Company in HealthMJ’s 2020 list and one of the Top 100 MLM Companies of 2020 by Business for Home;
  • Subsidiary Kannaway® expanded into Russia, Kazakhstan and Kyrgyzstan;
  • Blake Schroeder honored with a 2020 CEO World Awards Silver Award for Top CEO of the Year – The Maverick, Silver Stevie® Award for Maverick of the Year, Business Intelligence Group’s 2020 BIG Awards for Business Top CEO of the Year Award, and Top CEO of the Year Award from the International Association of Top Professionals;
  • Subsidiary Kannaway® launched the first-ever CBD fitness program, Evolve;
  • Subsidiary Kannaway® honored with Gold Stevie® Award for Achievement in Web Design, Bronze Stevie® Award for Company of the Year – Health Products & Services – Small and Bronze Stevie® Award for Achievement in International Expansion;
  • Subsidiary HempMeds® Mexico opened a new office in Mexico City;
  • Subsidiary HempMeds® appointed international cannabis leader Raul Elizalde as CEO.

About Medical Marijuana, Inc.

We are a company of firsts®. Medical Marijuana, Inc. (MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway® and HempMeds®; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners including AXIM® Biotechnologies, Inc. and Kannalife, Inc. Medical Marijuana, Inc. was named a top CBD producer by CNBC. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company’s flagship product Real Scientific Hemp Oil has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy. 

Medical Marijuana, Inc.’s headquarters is in San Diego, California, and additional information is available at OTCMarkets.com or by visiting www.medicalmarijuanainc.com. To see Medical Marijuana, Inc.’s corporate video, click here.

Shareholders and consumers are also encouraged to buy CBD oil and other products at Medical Marijuana, Inc.’s shop.

FORWARD-LOOKING DISCLAIMER

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein.

FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE

These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease.

LEGAL DISCLOSURE

Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act.

CONTACT:

Public Relations Contact:
Andrew Hard
Chief Executive Officer
CMW Media
P. 858-264-6600
[email protected]
www.cmwmedia.com

Investor Relations Contact:
P. (858) 283-4016
[email protected]