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Iceland’s Financial Services Backbone Relies On Genetec To Safeguard Its Data Centre

London, UK, April 29, 2021 (GLOBE NEWSWIRE) — Genetec Inc. (“Genetec”), a leading technology provider of unified security, public safety, operations, and business intelligence solutions, today announced that Reiknistofa Bankanna (RB), an IT service provider for Icelandic financial institutions, has recently overhauled its security infrastructure with Genetec™ Security Center. With the help of its system integrator Hafnes Ehf, RB is now using Genetec to manage its cameras, access control and video analytics through one unified interface.

RB is a provider of mission-critical IT systems for Icelandic financial institutions, responsible for the country’s central clearance and settlement system, and a number of multi-tenant core banking solutions. As the backbone of Icelandic Financial Services, RB places a very high importance on security; not only to ensure its data stays safe but also to protect employees and visiting clients. While its server rooms and offices were protected via disparate video and access control systems, the technology was old, and maintenance was becoming both a financial and an operational burden.

RB operates its solutions across multiple data centers in a shared, multi-bank environment. This requires a modern, reliable system that brings video and access control into a single solution – making it easy for operators to understand what is happening, when, where, and what action to take next. As an open unified platform, Genetec Security Center was the optimal choice as it simplified daily security operations, allowed for further integration with other tools such as RB’s heating and cooling systems, and delivered business-wide value.

“From day one we wanted a unified system which could help our teams understand the situation quickly; alerting them if anything required their attention,” said Geir Sæmundsson, Datacenter Manager at Reiknistofa Bankanna. “The Genetec solution does just this and is allowing us to build in customized alerts so we gain business intelligence – providing us with better ROI.”

“Physical security teams are demanding simplicity and greater functionality,” said Anthonie van der Ploeg, Director of Sales for Benelux & Nordics at Genetec. “Unification can offer them both by bringing together all security system components seamlessly in a single software platform in a way that can vastly improve security management. We are delighted that Iceland’s Reiknistofa Bankanna has experienced the deep business insights Genetec™ Security Center is capable of delivering, and we look forward to supporting them as they evolve and grow their operations.”

“The time savings delivered by Genetec have been immense. It’s been a worthwhile investment, especially as it can evolve with us, and allows us to move at our chosen speed. Considering its ease of use, deep integration, and leading analytics, we look forward to continuing the partnership over the coming years,” concluded Sæmundsson.

For more information, please read the case study

About Genetec
Genetec Inc. is an innovative technology company with a broad solutions portfolio that encompasses security, intelligence, and operations. The company’s flagship product, Security Center, is an open-architecture platform that unifies IP-based video surveillance, access control, automatic license plate recognition (ALPR), communications, and analytics. Genetec also develops cloud-based solutions and services designed to improve security, and contribute new levels of operational intelligence for governments, enterprises, transport, and the communities in which we live. Founded in 1997, and headquartered in Montreal, Canada, Genetec serves its global customers via an extensive network of resellers, integrators, certified channel partners, and consultants in over 80 countries.

© Genetec Inc., 2021. Genetec, and the Genetec logo are trademarks of Genetec Inc. and may be registered or pending registration in several jurisdictions. Other trademarks used in this document may be trademarks of the manufacturers or vendors of the respective product.

Attachment 



Veronique Froment
Genetec, Inc.
603-548-1429
[email protected]

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R-Three Technologies Inc. is Pleased to Announce Appointment of Ronald James Brown Accepting Position as a Member of Our Advisory Board

Los Angeles, CA, April 29, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — R-Three Technologies Inc. (OTC under symbol RRRT), the makers of Food and Beverage Drinks and other boutique Food Products, and James L. Robinson, our President COO, are pleased to welcome and announce the appointment of Ronald J. Brown as the first of many to be added to our management advisory team.  

A former NFL player and Olympic gold medalist, Mr. Brown is an entrepreneur who specializes in business development and is an active member of many charitable organizations. His role at R-Three Technologies, Inc. will include developing new business opportunities and building strategic relationships.

Born in Inglewood, California, Mr. Brown had a stellar athletic career.  While attending Arizona State University, Mr. Brown was both a gifted track athlete and football player.  He turned down a multi-million-dollar contract with the Cleveland Browns to retain his amateur track status. He then competed in the 1984 Olympics where he won a gold medal in the 4 x 100-meter relay. Days later, he signed with the Los Angeles Rams and went on to have an outstanding professional football career.

Brown joined the Los Angeles Rams and played there until 1989 when he moved to the Los Angeles Raiders in 1990. Brown ended his football career after the 1991 season, when he played again for the Los Angeles Rams.

Brown appeared in the 1986 Rams promotional video, Let’s Ram It, where he went by the name “Speedball Brown.”

After retiring from the NFL, Mr. Brown became a major influencer in the business arena.  Mr. Brown is also involved in the NFL Retired Players Congress, where proceeds help NFL veterans and military veterans in need.

He is a true team player and his ability to motivate people is second to none. It’s no wonder he has been so successful in sport, business, and in giving back to the community. It’s an honor to have him on our Advisory Board.

“I am very pleased to join R-Three Technologies Inc.’s Advisory Board with their quality management team to fully develop their excellent nutritional product line and other products in the future.  I see great business opportunity that matches my business background and my lifestyle to give part of the success to the local communities and people who need help to be successful in life.”

About Giddy Up Food and beverage Products

Giddy Up Energy Products is a wholesale manufacturer engaged in marketing and distribution of carbonated and non-carbonated energy drinks, shakes, energy bars, and related products and a nutritional supplement company focused on developing innovative, high quality supplements and energy products. The company manufactures under strict GMP guidelines at GMP Certified and/or FDA registered facilities. www.r3tinc.com

James L Robinson President COO


[email protected]

[email protected]

Lynn Allen Jeter & Associates

Public Relations, Special Events & Marketing
3699 Wilshire Blvd., Suite 850, Los Angeles, CA 90010
(323) 933-8007 ph.
email [email protected]

CONTACT:  Lynn Allen Jeter

323.933.8007


https://www.lynnallenjeterandassociates.com/



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Forward Looking Statements:

This press release includes a number of forward-looking statements that reflect Management’s current views with respect to future events and financial performance. You can identify these statements by words such as “may,” “will,” “expect,” “anticipate,” “believe,” “estimate” and “continue,” or similar words. Those statements include statements regarding the intent, belief or current expectations of us and members of our management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risk and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in this press release and our filings as posted on the OTC markets and with the Securities and Exchange Commission.   Important factors currently known to Management could cause actual results to differ materially from those in forward looking statements. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in the future operating results over time. We believe that our assumptions are based upon reasonable data derived from and known about our business and operations. No assurances are made that actual results of operations or the results of our future activities will not differ materially from our assumptions. Factors that could cause differences include, but are not limited to, expected market demand for our products, fluctuations in pricing for materials, and competition.



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Dalrada Launches Development of Likido®HOME Water Heater Designed to Improve Energy Efficiency by 300% and Significantly Reduce Carbon Emissions

Dalrada Launches Development of Likido®HOME Water Heater Designed to Improve Energy Efficiency by 300% and Significantly Reduce Carbon Emissions

SAN DIEGO–(BUSINESS WIRE)–Dalrada Financial Corp. (OTCQB: DFCO, “Dalrada”) announced today that the Company is launching the development of Likido®HOME, a revolutionary clean energy home water heater that is designed by its portfolio company Likido Limited (“Likido”). The Likido®HOME residential water heater improves energy efficiencies by 300% with its high temperature supercritical CO₂ micro heat pump. Additional benefits include dramatically reducing carbon emissions and saving consumers up to 80% on energy. With its patent-pending “drop-in” design, Likido®HOME has the potential to replace the world’s gas-fired and electric water heaters. The initial market focus is on the U.K., EU, and the USA.

In the U.K., gas boiler water heaters are to be banned by 2025 in newly built homes. By 2035, fossil fuel burning boiler water heaters will be phased out and replaced with heat pump technology and district heating.

Brian Bonar, CEO of Dalrada, states, “Likido®HOME is a perfect example of how industries and consumers can improve quality of life, aid the environment, and work together to support climate change policy.”

Environmental sustainability and carbon emissions reduction are key global initiatives that Dalrada is developing solutions for. Reducing reliance on the combustion of fossil or biomass fuels, Dalrada’s Likido® created an affordable heat pump replacement and energy transfer method for homes and businesses to align with industries in the global goal of achieving “Net Zero by 2050”.

Heating is the largest single source of carbon emissions in the U.K. Currently, only one million of the U.K.’s 27 million homes have low-carbon heat. In the United States, of the roughly 93 million homes, residential energy use accounts for 20% of greenhouse gas emissions. Likido®HOME is small and compact for installation in the same position as conventional wall-hung water heater boilers. Unlike other traditional heat pumps, Likido®ONE can be plumbed directly into the existing pipework without modification.

LIKIDO® TECHNOLOGY REDUCES GLOBAL WARMING POTENTIAL

Likido’s cost-saving design has proven to be a strategic element in the global challenge to decarbonize heating. Likido®ONE’s proprietary low-carbon, industrial, all-in-one heating and cooling pump design implements supercritical CO2 as a “natural non-toxic, non-flammable and CFC/HFC-free working fluid” and is used in a variety of applications throughout the world.

This future-proof technology enhances the energy efficiency of both fossil and renewable power sources using only 25% of the energy of traditional water heater boilers and electric water heaters. Likido®ONE’s all-in-one small footprint replaces hot water heaters, refrigerators, and cooling towers; this frees up valuable floor space.

For example, the standard approach to provide heating and cooling in hotels has been with hot water heaters/boilers coupled with environmentally damaging HFC-based conventional chillers and cooling towers or HFC-based heat pumps. The Likido®ONE system operates in a combined heating and cooling mode producing 160kW of high-grade heat while it extracts -120kW of cooling at traditional temperatures – for an electrical input of just 37kW, a coefficient of performance (COP) 1:8. Based on a 250-bed hotel in California, a single Likido®ONE module will save an average of $110,000/year in energy costs operating at the current exceptionally low oil prices.

For additional information, visit https://likido.net

About Likido Limited

Likido is an international technology company, developing advanced solutions for the harvesting and recycling of energy. Using its novel heat pump systems (patent pending), Likido is revolutionizing the renewable energy sector with the provision of innovative modular process technologies to maximize the capture and reuse of thermal energy for integrated heating and cooling applications. With uses across industrial, commercial, and residential sectors Likido seeks to provide cost savings and to minimize carbon emissions across supply chains. Likido’s novel technologies enable the effective recovery and recycling of process energy, mitigating climate change and enhancing quality of life through the provision of low-carbon heating and cooling systems. For more information, please visit www.likido.net.

About Dalrada (DFCO)

Dalrada Financial Corp. (OTCQB: DFCO, “Dalrada”) solves real-world problems by producing innovation-focused and technologically centered solutions on a global level. Delivering next-generation manufacturing, engineering, and healthcare products and services designed to propel growth, Dalrada is a team of industry experts and an organization built upon a strong foundation of financial capital. The Company and its subsidiaries are positioned for stable long-term growth through intelligent market research, sound business acumen, and established operational infrastructure. For more information, visit www.dalrada.com or call 1-858-283-1253.

Disclaimer

Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.

Denise Mahaffey

858.283.1253

[email protected]

KEYWORDS: Europe United States United Kingdom North America California

INDUSTRY KEYWORDS: Utilities Alternative Energy Energy Technology Residential Building & Real Estate Commercial Building & Real Estate Other Manufacturing Construction & Property Environment Engineering Building Systems Other Technology Manufacturing

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Despite a Difficult Year, Consumers Are Financially Optimistic, See Improvements in Spending, Saving

Despite a Difficult Year, Consumers Are Financially Optimistic, See Improvements in Spending, Saving

  • Consumer optimism is high, particularly among Black and Latinx consumers, as many take active steps to improve their financial health
  • 1-in-3 consumers saw improvements in their spending, saving in the last twelve months
  • Emergency expenses, home repair and taxes among top financial concerns this year

NEW YORK–(BUSINESS WIRE)–
Nearly half of U.S. consumers think that their finances will be better off in the next year, as nearly a third saw improvements in their spending habits and savings, according to a new survey from Chase. Optimism is slightly higher among Black (54%) and Latinx (49%) respondents as many have taken action to improve their credit, spending, or earn a second income.

The new Chase Financial Health Consumer Study—conducted in partnership with Morning Consult—surveyed more than 5,000 U.S. consumers on the state of their finances, attitudes towards saving and budgeting, and actions they’ve taken to improve their financial health. The survey polled consumers across all demographics and took a closer look at the financial goals and impacts among Black and Latinx consumers – populations hardest hit by the economic impact of the pandemic.

“These findings underscore the challenges from loss of jobs and income and the impact the pandemic has had on consumer finances, but also puts into focus how Americans are thinking about money in the future,” said Lawrence Bailey, Head of Community & Business Development at Chase. “Small steps matter. From saving a little more each month to monitoring your credit score – these steps help consumers prepare for the unexpected, while also setting them up for success in the long run.”

Unsurprisingly, the pandemic has had a significant impact on consumers’ finances, as many experienced a loss of income or a financial fluctuation over the last year.

  • 37% of the general population said that their financial situation has gotten worse over the last year, with 16% reporting a job loss, furlough or loss of income over the last 12 months.
  • 20% said that they had less disposable income, which is consistent among Black (23%) and Latinx (25%)respondents.

Still, consumers feel more optimistic about their financial future and are taking actionable steps to improve their financial health.

  • 65% of the general population believe they are currently in good financial health.
  • Black (54%) and Latinx (49%) respondents are more optimistic about their finances this year, slightly higher than the general population at 48%.
  • 51% of the general population are focusing on improving their savings, 39% on eliminating debt.
  • 24% of Black and Latinx respondents said that they’ve taken action to improve their credit, compared to 19% of the general population.
  • Black (21%) and Latinx (19%) respondents started a new business or side hustle in the last year, compared to 11% of the general population.

More than half of consumers used or plan to use their stimulus checks to pay essential bills

  • 53% of the general population used funds to pay bills, like utilities, credit card or their phone
  • 36% put money toward savings
  • 30% paid down debt
  • 22% paid rent or mortgage
  • 10% put money toward a ‘nice to have’, like entertainment
  • 7% donated to a cause

Paying bills on time, budgeting are top financial goals this year

Survey respondents all agreed that their top financial goals in the past year included paying bills, like utilities, as well as their mortgage in full and consistently each month. Additionally:

  • 32% of the general population indicate developing or maintaining a budget that works for them as a primary goal.
  • Black (20%) and Latinx (22%) respondents listed getting their finances in order to purchase a home as a financial goal, compared with 14% of the general population.
  • Black (16%) and Latinx (14%)respondents plan to start a business this year, compared to 9% of the general population.

The majority of consumers think it’s important to save, but fewer are confident in their ability to do so

  • While 83% of the general population agree it’s important to budget for long-term finances and emergency savings each month, fewer (76%) are confident in their ability to do so, and 62% felt confident in their ability to set aside money for retirement.
  • Income is the biggest driver in the availability of emergency funds. Black (34%) and Latinx (36%) respondents indicate they don’t have enough money to support them if they become unable to work.
  • While many Baby Boomers are at or near retirement age, fewer than half (48%) have enough financial resources to support them if suddenly unable to work for more than four months.

Consumers equally value in-person advice, digital tools when looking to improve financial health

  • 34% of the general population prefer a digital tool that helps them budget or automatically save, consistent with a third who prefer expert advice or interaction with a banker.

Chase offers a variety of tools and resources to help consumers grow their savings, manage a budget and build their credit. To learn more, customers can visit Chase’s new financial goals website at: https://www.chase.com/personal/financial-goals.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $3.7 trillion and operations worldwide. Chase serves more than 60 million American households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: More than 4,700 branches in 38 states and the District of Columbia, 16,000 ATMs, mobile, online and by phone. For more information, go to chase.com.

Research Appendix

  • Latinx respondents were twice as likely than the average American to identify childcare expenses as a financial stressor
  • 5-out-of-10 of Black respondents said that paying bills in full and consistently each month (such as utilities, cable or phone bills, credit card bills) was their #1 financial goal
  • Two-thirds of the general population think it is important to learn their credit score; 54% think it’s important to automate credit card payments, bills, or other payments
  • Top three financial stressors for the general population and Latinx respondents included:
    • Unexpected expenses following an emergency
    • Home maintenance
    • Taxes
  • Top three financial stressors for Black respondents included:
    • Unexpected expenses following an emergency
    • Repairing a current car
    • Buying a new car
  • Across all audiences, the top three positive financial habits to occur in the past year included:

    • Improved spending habits
    • Improved savings
    • Taken action to improve credit
  • 40% of students say their finances got better and 29% said their finances got worse
  • 30% of students experienced financial stress due to tuition
  • 3-in-10 Adults feel worried about their finances
  • Income is the biggest driver in availability of emergency funds
  • While many Baby Boomers are at or near retirement age, only 48% have enough financial resources to support them if suddenly unable to work for 4+ months

This study is based on a Chase survey conducted by Morning Consult sampling more than 5,000 consumers in the United States between February 12-26, 2021. The interviews were conducted online in the respondent’s choice of English or Spanish and the data were weighted to approximate a target sample of consumers based on age, race, gender, and educational attainment. The survey includes an oversample of Black and Latinx consumers.

Media contact:

Iba Reller

202-585-3784

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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D2L TEAMS UP WITH ZOOM TO ENHANCE LEARNING

Learning Technology Leader to Offer Zoom Alongside Brightspace Platform

Kitchener, Waterloo, April 29, 2021 (GLOBE NEWSWIRE) — Global learning technology leader D2L announced today that it has teamed up with Zoom Video Communications, Inc., a leading video-first unified communications platform, to offer a comprehensive education experience. D2L will now sell Zoom alongside the award-winning Brightspace learning platform, seamlessly supporting online and blended learning with live face-to-face video in North America.

Brightspace is trusted by millions of users, through schools, academic institutions, professional associations and corporations around the world. By teaming up with Zoom, the Brightspace platform now offers an even more personalized education experience with live HD video and audio. Educators can keep students engaged with innovative Zoom features over live video, such as whiteboarding, polling students, breakout rooms, and sharing important files like homework. With integration based on the LTI 1.3 open standard, leaders can plan for snow days, emergency remote instruction, or fully online programs. Also, learners can now move seamlessly between asynchronous learning activities in Brightspace and synchronous activities over Zoom, with up to hundreds of participants per session.
   
“In what’s been an incredibly challenging year for educators and students, D2L is providing an essential service for online and blended learning,” says Laura Padilla, Head of Global Business Development and Channel for Zoom. “Through D2L’s reseller partnership, users will now have access to both platforms right out of the gate, which is a win for everyone.”

“We’re proud to offer Zoom with Brightspace because it can streamline the buying and onboarding experience for our clients,” says John Baker, President and CEO of D2L. “We all know how essential the Zoom platform has been for working and learning during COVID-19. It will be beyond as well. That’s why we’re incredibly excited to offer Zoom, fully integrated, right out of the box, to help our customers get on with what matters to all of us – delivering the best possible educational experience for our learners.”

ABOUT D2L’S BRIGHTSPACE

D2L’s Brightspace is a cloud-based learning platform built for organizations that value continuous investment in people to drive their business success.

D2L’s Brightspace platform is powering smarter upskilling and reskilling of workforces around the world. It is the one place that supports all aspects of learning with better engagement and productivity through personalized learning. It gives your teams the tools they’re going to love and makes it easy to support exceptional experiences face-to-face or fully online.

Brightspace is designed in close collaboration with clients around the world – building a rich set of features to improve engagement, retention and learning outcomes. And it makes it easier to give feedback. It’s worry-free with 99.99% reliability. It’s accessible and looks beautiful on any mobile device, making it easier for you to reach every learner.

Like many of our clients, D2L uses its award-winning Brightspace learning platform to support onboarding, compliance training, leadership development, and upskilling of its own employees. This has led to back-to-back #1 in North America awards for new hire and onboarding experiences. To learn more, visit D2L for Corporate Learning.

ABOUT D2L

D2L is transforming the way the world learns – helping learners of all ages achieve more than they dreamed possible. Working closely with clients all over the world, D2L is supporting millions of people learning online and in person. Our more than 1,000 global employees are dedicated to making the best learning products to leave the world better than where they found it. Learn more about D2L for K-12, higher education and businesses at www.D2L.com.

D2L MEDIA CONTACT

Christine D’Angela
Director, External Strategic Communications, D2L Corporation
[email protected]
Twitter: @D2L
© 2021 D2L Corporation.
The D2L family of companies includes D2L Corporation, D2L Ltd, D2L Australia Pty Ltd, D2L Europe Ltd, D2L Asia Pte Ltd, and D2L Brasil Soluções de Tecnologia para Educação Ltda.
All D2L marks are trademarks of D2L Corporation. Please visit D2L.com/trademarks for a list of D2L marks.



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CCOM Group, Inc. Reports 2020 Results

CCOM Group, Inc. Reports 2020 Results

HAWTHORNE, N.J.–(BUSINESS WIRE)–
CCOM Group, Inc. (“CCOM”) (OTC Pink: “CCOM,” “CCOMP”), announced its financial results for the year ended December 31, 2020.

Results for the year ended December 31, 2020 compared to results for the same period in 2019:

  • Sales decreased 10.3% to $101,936,300 from $113,701,032
  • Gross profit decreased 9.7% to $26,213,512 from $29,016,775
  • Selling, general and administrative expenses decreased 6.7% to $24,600,667 from $26,375,014
  • Operating income decreased 38.9% to $1,612,845 from $2,641,761
  • Net income decreased 19.4% to $1,053,885 from $1,308,234; the 2020 amount includes a $250,425 non-cash income tax expense and the 2019 amount includes a $596,000 non-cash income tax expense
  • Net income per share on a fully diluted basis decreased to $0.11 per share from $0.13 per share

About CCOM Group, Inc.

CCOM Group, Inc. (“CCOM”) distributes heating, ventilating and air conditioning equipment (HVAC), parts and accessories, whole-house generators, climate control systems, and plumbing and electrical fixtures and supplies, primarily in New Jersey, New York, Massachusetts and portions of eastern Pennsylvania, Connecticut and Vermont through its subsidiaries: Universal Supply Group, Inc., www.usginc.com, The RAL Supply Group, Inc., www.ralsupply.com, and S&A Supply, Inc., www.sasupplyinc.com. CCOM is headquartered in New Jersey, and, with its affiliates, operates out of 15 locations in its geographic trading area. For more information on CCOM’s operations, products and/or services, please visit www.ccom-group.com.

For further information, please contact Peter D. Gasiewicz, Chief Executive Officer, or William Salek, Chief Financial Officer, at (973) 427-8224.

(Financial Highlights Follow)

CCOM GROUP, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
 
December 31, December 31,

 

2020

 

2019

 
 

Assets

Current assets:
Cash

$

388,267

$

193,448

Accounts receivable, net of allowance for doubtful accounts of $766,459 and $557,532, respectively

 

10,305,665

 

11,260,382

Inventory

 

20,936,936

 

17,858,956

Prepaid expenses and other current assets

 

749,053

 

973,961

Total current assets

 

32,379,921

 

30,286,747

Property and equipment

 

1,095,506

 

1,009,524

Goodwill

 

1,416,929

 

1,416,929

Other assets – noncurrent

 

188,824

 

356,788

Deferred tax asset – noncurrent

 

2,548,575

 

2,799,000

$

37,629,755

$

35,868,988

Liabilities and Stockholders’ Equity

Current liabilities:
Borrowings under credit facility – revolving credit

$

9,151,368

$

12,395,838

Notes payable – current portion

 

627,009

 

107,776

Trade payables

 

5,892,126

 

4,128,135

Accrued liabilities

 

2,450,810

 

2,657,118

Income taxes payable

 

2,850

 

24,625

Total current liabilities

 

18,124,163

 

19,313,492

Notes payable, excluding current portion

 

2,247,742

 

351,531

Deferred tax liability – noncurrent

 

354,000

 

354,000

Total liabilities

 

20,725,905

 

20,019,023

 
Commitments and contingencies
Stockholders’ equity:
Redeemable convertible preferred stock, $.05 par value, 2,500,000 shares authorized, 284,612
shares issued and outstanding, liquidation preference of $1,423,060

 

14,231

 

14,231

Common stock, $.05 par value, 20,000,000 shares authorized,
9,154,928 shares issued and outstanding

 

457,746

 

457,746

Additional paid-in capital

 

12,596,853

 

12,596,853

Retained Earnings

 

3,835,020

 

2,781,135

Total stockholders’ equity

 

16,903,850

 

15,849,965

$

37,629,755

$

35,868,988

 
CCOM GROUP, INC. AND SUBSIDIARES
Consolidated Statements of Income
 
 
For the Years Ended
December 31,

2020

2019
Sales $

101,936,300

$

113,701,032

Cost of sales

75,722,788

84,684,257

Gross profit

26,213,512

29,016,775

 
Selling, general and administrative expenses, net

24,600,667

26,375,014

Operating income

1,612,845

 

2,641,761

 
Other income

219,067

226,497

Interest expense, net; includes related party interest of
$0 and $34,503, respectively

(370,455)

(748,440)

Income before income tax expense

1,461,457

2,119,818

 
Income tax expense

407,572

811,584

Net income $

1,053,885

$

1,308,234

 
Income per common share:
Basic

$ 0.11

$ 0.14

Diluted

$ 0.11

$ 0.13

 
Weighted average shares
outstanding:
Basic

9,154,928

9,154,928

Diluted

9,439,540

9,439,540

CCOM GROUP,INC. AND SUBSIDIARIES
Consolidated Statements of Stockholders’ Equity
For The Year Ended December 31, 2020 and 2019
           
           
Number of shares        
Redeemable
Convertible
Preferred
Stock		   Common
Stock		 Redeemable
Convertible
Preferred
Stock		   Common
Stock		   Additional
Paid-In
Capital		   Retained
Earnings /
Accumulated
Deficit		   Total
Stockholders’
Equity
           
           
Balance at December 31, 2018

284,612

 

9,154,928

$

14,231

 

$

457,746

 

$

12,596,853

 

$

1,472,901

 

$

14,541,731

           
           
Net Income        

 

1,308,234

 

 

1,308,234

Balance at December 31, 2019

284,612

 

9,154,928

$

14,231

 

$

457,746

 

$

12,596,853

 

$

2,781,135

 

$

15,849,965

           
           
Net Income        

 

1,053,885

 

 

1,053,885

Balance at December 31, 2020

284,612

 

9,154,928

$

14,231

 

$

457,746

 

$

12,596,853

 

$

3,835,020

 

$

16,903,850

           
CCOM GROUP, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
 
For The Years Ended
December 31,

2020

 

2019

Cash flows from operating activities:  
Net income $

1,053,885

  $

1,308,234

Adjustments to reconcile net income to net cash  
provided by operating activities:  
Deferred income tax expense

250,425

 

596,000

Provision for doubtful accounts

288,924

 

295,476

Depreciation and amortization

414,212

 

319,042

Net gain on sale of property and equipment

(12,851)

 

(13,279)

Changes in operating assets and liabilities  
Accounts receivable

665,793

 

(170,901)

Inventory

(3,077,980)

 

881,454

Prepaid expenses and other current assets

224,908

 

72,200

Other assets – noncurrent

167,964

 

114,390

Trade payables

1,763,991

 

(1,526,876)

Accrued liabilities

(206,308)

 

177,562

Income taxes payable

(21,775)

 

23,910

Net cash provided by operating activities

1,511,188

 

2,077,212

   
Cash flows from investing activities:  
Additions to property and equipment

(254,711)

 

(468,609)

Proceeds from disposal of property and equipment

21,600

 

37,000

Net cash used in investing activities

(233,111)

 

(431,609)

   
Cash flows from financing activities:  
Repayments of notes payable: includes related party  
repayments of $0 and $600,335 respectively

(124,044)

 

(678,924)

Proceeds from PPP loans

2,285,256

 
Repayments of short term financing, related party

–

 

(500,000)

Issuance of short term financing, related party

–

 

500,000

Repayments under credit facility – revolving credit, net

(3,244,470)

 

(1,080,703)

Net cash used in financing activities

(1,083,258)

 

(1,759,627)

Increase/(decrease) in cash

194,819

 

(114,024)

Cash – beginning of period

193,448

 

307,472

Cash – end of period $

388,267

 

193,448

   

 

Peter D. Gasiewicz, Chief Executive Officer

William Salek, Chief Financial Officer

(973) 427-8224.

KEYWORDS: New Jersey United States North America

INDUSTRY KEYWORDS: Construction & Property Other Retail Engineering Utilities Manufacturing Building Systems Energy Retail Online Retail

MEDIA:

Posted on

Dr. Jacque Sokolov Joins PAVmed Subsidiary Lucid Diagnostics’ Board of Directors

NEW YORK, April 29, 2021 (GLOBE NEWSWIRE) — PAVmed Inc. (Nasdaq: PAVM, PAVMZ) (“PAVmed”), a highly differentiated, multi-product, commercial-stage medical technology company, today announced that its major subsidiary Lucid Diagnostics Inc. (“Lucid” or the “Company”) has appointed nationally recognized healthcare executive Jacque J. Sokolov to its Board of Directors (the “Board”). Dr. Sokolov will help establish and serve as the inaugural Chair of the Board’s new Compliance & Quality Committee. He will also serve on Lucid’s Audit and Compensation Committees.

“I am delighted to welcome Jacque Sokolov to Lucid’s Board of Directors,” said Lishan Aklog M.D., Lucid’s Executive Chairman and PAVmed’s Chairman and Chief Executive Officer. “Jacque brings remarkable breadth of experience and expertise across all aspects of the healthcare industry including as public and private company director, investor and strategic consultant in healthcare delivery, regulatory compliance & quality and biotechnology.”

“Dr. Sokolov has also long been a strong advocate of Board oversight of compliance and quality for public healthcare companies. He established and chaired such committees for several major healthcare companies, and we are pleased that he will do the same for Lucid,” continued Aklog. “This committee will be of critical importance as we expand our commercial activities across multiple channels to include our own EsoCheck testing sites, direct-to-consumer marketing and telemedicine, all of which will require meticulous attention to regulatory compliance.”

Dr. Sokolov will serve as Chair of the Board’s Compliance & Quality Committee along with the Lucid Chairman, Vice-Chairman, Audit Chair, Chief Compliance Officer, Director of Quality and outside healthcare compliance counsel, as well as two outside consultants who previously served in highly relevant FDA positions – Alberto Gutierrez, PhD of NDA Partners and former FDA Director of the Office of In Vitro Diagnostics and Radiological Health and Office of In Vitro Diagnostic Device and Evaluation and Safety, and Jeffrey N. Gibbs Esq. of Hyman, Phelps & McNamara and a former FDA Associate General Counsel for Enforcement.

“I am thrilled to join this world-class team at a very exciting time for Lucid, as it launches a major commercial expansion and seeks to raise growth capital as a new standalone public company,” said Dr. Sokolov. “I look forward to leveraging my relevant experience with major public companies to assure that Lucid maintains the highest standards of regulatory compliance and quality as it executes on its long-term growth strategy.”

For over two decades, Dr. Sokolov has served as chairman and chief executive officer of SSB Solutions Inc., a diversified healthcare management, development and investment company, which he founded. His company has worked with over 100 healthcare companies in virtually every healthcare sector to develop value-based solutions in rapidly evolving markets. His clients have included multiple Blue Cross/Blue Shield plans, Anthem, CIGNA, Humana, multiple leading academic medical centers, over a dozen health care systems and physician organizations and multiple governmental entities, including the White House under four presidents, Senate and House committees and multiple federal agencies including Health and Human Services (HHS), the Center for Medicare and Medicaid Services (CMS), the Veterans Administration (VA) and the General Accounting Office (GAO).

Dr. Sokolov has served on the Board of Directors of more than a dozen public and private companies. He established and chaired the Science, Technology & Quality Committee and served on the Audit, Nomination and Compensation Committees of Hospira, which during his tenure became the world’s leading provider of injectable drugs and infusion technologies and a global leader in biosimilars, before being acquired by Pfizer Inc. for $17 billion. He currently serves on the boards of Calviri Inc., a biotechnology company developing immunosignature technology for diagnostic and therapeutic applications, GlobalMed a digital health company which provides integrated software and hardware telemedicine solutions, University PharmCo LLC, which partners with schools of pharmacy to develop pharmaceutical products, AKOS LLC a telemedicine provider, Veterans Accountable Care Group LLC, a healthcare delivery organization helping the VA redesign its care models, and the National Association of Corporate Directors, Pacific Southwest Chapter. For over two decades he served on the Board of Directors of the White House Health Project, including a decade as Chairman of the Executive Committee of the Board.

Earlier in his career he served as Chief Medical Officer of Southern California Edison Company/Edison International with corporate responsibility for all of its health plans and clinics covering 60,000 individuals. Dr. Sokolov received his undergraduate and medical degrees from the University of Southern California. He completed his internal medicine residency training at Mayo Clinic and cardiology fellowship at University of Texas Southwestern School of Medicine.

About PAVmed
and Lucid

PAVmed Inc. is a highly differentiated, multi-product, commercial-stage medical technology company with a diversified product pipeline addressing unmet clinical needs encompassing a broad spectrum of clinical areas with attractive regulatory pathways and market opportunities. Its major subsidiary, Lucid Diagnostics Inc., markets the first and only commercial tools for widespread early detection of esophageal precancer and cancer – the EsoGuard® Esophageal DNA Test and EsoCheck® Esophageal Cell Collection Device. Its GI Health division also includes the complementary EsoCure™ Esophageal Ablation Device with Caldus™ Technology. Its Minimally Invasive Interventions markets its CarpX® Minimally Invasive Device for Carpal Tunnel Syndrome. Other divisions include Infusion Therapy (PortIO™ Implantable Intraosseus Vascular Access Device and NextFlo™ Intravenous Infusion Set), and Emerging Innovations (non-invasive laser-based glucose monitoring, pediatric ear tubes, and mechanical circulatory support). For more information, please visit www.pavmed.com, follow us on Twitter, connect with us on LinkedIn, and watch our videos on YouTube. For more information on our majority owned subsidiary, Lucid Diagnostics Inc., please visit www.luciddx.com, follow Lucid on Twitter, and connect with Lucid on LinkedIn. For detailed information on EsoGuard, please visit www.EsoGuard.com and follow us on Twitter, Facebook and Instagram.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of PAVmed’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Risks and uncertainties that may cause such differences include, among other things, volatility in the price of PAVmed’s common stock, Series W Warrants and Series Z Warrants; general economic and market conditions; the uncertainties inherent in research and development, including the cost and time required advance PAVmed’s products to regulatory submission; whether regulatory authorities will be satisfied with the design of and results from PAVmed’s preclinical studies; whether and when PAVmed’s products are cleared by regulatory authorities; market acceptance of PAVmed’s products once cleared and commercialized; our ability to raise additional funding and other competitive developments. PAVmed has not yet received clearance from the FDA or other regulatory body to market many of its products. The Company has been monitoring the COVID-19 pandemic and its impact on our business. The Company expects the significance of the COVID-19 pandemic, including the extent of its effect on the Company’s financial and operational results, to be dictated by, among other things, the success of efforts to contain it and the impact of actions taken in response. New risks and uncertainties may arise from time to time and are difficult to predict. All of these factors are difficult or impossible to predict accurately and many of them are beyond PAVmed’s control. For a further list and description of these and other important risks and uncertainties that may affect PAVmed’s future operations, see Part I, Item IA, “Risk Factors,” in PAVmed’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, as the same may be updated in Part II, Item 1A, “Risk Factors” in any Quarterly Report on Form 10-Q filed by PAVmed after its most recent Annual Report. PAVmed disclaims any intention or obligation to publicly update or revise any forward-looking statement to reflect any change in its expectations or in events, conditions, or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.

Contacts:

Investors

Mike Havrilla
Director of Investor Relations
(814) 241-4138
[email protected]

Media

Shaun O’Neil
Chief Commercial Officer
(518) 812-3087
[email protected]

Jim Heins / Katie Gallagher
LaVoieHealthScience
(646) 491-7042 / (617) 792-3937
[email protected]

Attachment



Posted on

Xactly Announces Agenda for 2021 Unleashed Virtual Summit

Speakers include Shark Tank’s Daymond John, best-selling author Donald Miller, and Xactly CEO Chris Cabrera; Innovative sessions explore accelerating digital transformation, embracing data, agile GTM planning, and evolving sales culture

SAN JOSE, Calif., April 29, 2021 (GLOBE NEWSWIRE) — Xactly, the leader in revenue intelligence solutions, is set to hold its annual industry conference, Xactly Unleashed, on May 11-12. Xactly Unleashed is the only event today catering to revenue and sales leaders across the world, providing them with the insights and tools they need to compete in an evolving economic landscape, plan for an uncertain future, and embrace intelligent revenue performance.

Unleashed brings together innovative thought leaders and key experts to discuss how organizations can stop relying on gut instinct, reject intuition bias, and adopt data-driven processes to accelerate integrated go-to-market planning and shift seller behavior at scale.

The event will feature a presentation from Daymond John, co-star of ABC’s “Shark Tank” and fashion industry mogul, as well as a session from Donald Miller, the best-selling author behind Business Made Simple, Marketing Made Simple and Building a Storybrand, on the ten key areas that are crucial to any professional looking to uplevel their career. Additionally, Chris Cabrera, Xactly’s founder and CEO, will deliver a powerful keynote outlining the growing revenue revolution movement.

“Transformation is the defining word of 2021. After a year marked by immense change and uncertainty, companies are looking to the latest technology to create a solid foundation for the future by unlocking more agile processes, enhancing performance, and optimizing the revenue pipeline. It’s more than just industry jargon — effective transformation is the key to survival in today’s digital-first world,” said Cabrera. “2021 has already been a year of evolution for Xactly — we’ve expanded our offerings beyond Sales Performance Management to deliver a first-of-its-kind platform for Revenue Intelligence that helps guide decision makers through their digital transformation journeys. I’m excited to share this growth with you at Unleashed alongside our impressive group of speakers.”

During the event, Xactly will also introduce its latest capabilities, which advance the quality and scope of data-driven decision making throughout the revenue lifecycle, as well as the company’s evolving vision to help companies embrace one Intelligent Revenue Platform, which allows them to manage revenue data in a single system. Sessions from Xactly’s leadership team will give attendees an unprecedented look into its growing product suite, provide an early look into its technology roadmap, and unlock new ways to use tools for compensation, quota and territory management, and forecasting.

On top of these informative presentations, attendees will be treated to engaging, virtual experiences. This year’s line-up includes sessions from Sudhir Murthy, Global Director for Sales Incentive Transformation at Schneider Electric, who will discuss how he’s reimagining sales culture, as well as Lina Taylor, a two-time Beach Volleyball Olympian, and Evan O’Hanlon, Winter and Summer Paralympian. Their sessions will highlight how each approach setting goals, overcoming challenges, and measuring performance.

Xactly’s first virtual summit in 2020 attracted over 3,000 attendees and continuing the online format allows more industry professionals to experience Unleashed than ever before.

To learn more about Xactly Unleashed, and register for the conference, visit Xactly’s website.

About Xactly

Xactly empowers growing enterprises to effectively manage their revenue generation. Xactly’s Intelligent Revenue platform carries organizations through the full Revenue lifecycle by focusing on planning, territory and quota, incentives, and pipeline management and forecasting from initial strategy development through execution and prioritization of all aspects of revenue optimization. Harnessing the power of AI, Xactly’s scalable, cloud-based platform combines great software with the industry’s most comprehensive 16-year data set to give customers the trusted insights they need to improve sales performance and grow revenue.

To learn more about Xactly and the latest issues and trends in SPM software, follow us on Twitter, Facebook, and subscribe to our blog.

©2021 Xactly Corporation. All rights reserved. Xactly, the Xactly logo, and “Inspire Performance” are registered trademarks or trademarks of Xactly Corporation in the United States and/or other countries. All other trademarks are the property of their respective owners.

PR CONTACT

LaunchSquad
[email protected]
Kaitlin Rymer
(412) 952-5897



Posted on

Athletic Giant Now Running with Celebros Search by Bridgeline

WOBURN, Mass., April 29, 2021 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), provider of cloud-based marketing technology software, announced it has been chosen to power intelligent search for the Indonesian online presence of a global athletic brand.

With 13 stores throughout Indonesia, this sneaker giant is a nationally recognized activewear manufacturer and retailer. They are passionate about active lifestyles, even more than just through apparel. Their mission is to be the best fitness brand in the world. This company has a long history of pushing boundaries, and their brand helped usher in a fitness movement that forever changed the way we look at athleticwear.

The athletic brand was impressed with the performance of other Celebros customers and decided to jump on board. Bridgeline is excited to implement Celebros, an eCommerce approach designed to help users navigate and purchase from the company’s Indonesian website with ease and efficiency. Bridgeline has promised to make continuous improvements and innovative developments while maintaining a high level of support and care.

“It’s extremely exciting to have a globally recognized brand such as this one choose Bridgeline for its digital solutions,” said Ari Kahn, President and CEO of Bridgeline Digital. “Hopefully we can catapult their online store to the next level and adopt their other global domains into the Celebros family.” 

About Bridgeline Digital 

Bridgeline helps companies grow online revenues by increasing their traffic, conversion rates, and average order values with its Unbound cloud-based marketing platform and suite of apps. To learn more, please visit www.bridgeline.com or call (800) 603-9936.
 
Contact: 
Jeremy LaDuque 
EVP of Marketing 
Bridgeline Digital 
[email protected] 



Posted on

Kadant to Hold Earnings Conference Call on Wednesday, May 5, 2021

WESTFORD, Mass., April 29, 2021 (GLOBE NEWSWIRE) — Kadant Inc. (NYSE: KAI) announced it will release its 2021 first quarter results after the market closes on Tuesday, May 4, 2021 and will hold a webcast the next day, Wednesday, May 5, 2021 at 11:00 a.m. eastern time. During the call the Company will discuss its first quarter financial performance and future expectations.

To listen to the call live, go to the “Investors” section of the Company’s website at www.kadant.com. To participate in the live question and answer session, dial 888-326-8410 within the U.S., or +1-704-385-4884 outside the U.S., and reference participant passcode 4189188. The earnings release and webcast presentation will be posted in the “Investors” section of the Company’s website. A replay of the webcast will be available on the Company’s website through June 4, 2021.

About Kadant

Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with approximately 2,600 employees in 20 countries worldwide. For more information, visit www.kadant.com.

Contacts

Investor Contact Information:
Michael McKenney, 978-776-2000
[email protected]

or
Media Contact Information:
Wes Martz, 269-278-1715
[email protected]