Market Newsdesk

VANCOUVER, BC, March 29, 2021 /PRNewswire/ – Loop Energy (TSX: LPEN), a developer and manufacturer of hydrogen fuel cell-based solutions, announces the shipment of its first unit of eFlow™ fuel cell modules to ECUBES—a rapidly growing developer of hydrogen electric systems for stationary power applications based in Slovenia. This is the first in a series of shipments under the previously announced agreement between Loop Energy and ECUBES, supplying more than 50 units of hydrogen fuel cell modules over the next two years.  This also marks Loop Energy’s first commercial shipment to the European Union as the company continues to expand availability of products and services throughout Europe, China and other key global markets.  

“Hydrogen is beginning to emerge as a solution of choice when it comes to decarbonization of the global diesel genset market and is widely expected to nearly double by 2027 from its reported 2019 base of $16.4 billion USD,” said Ben Nyland, President and Chief Executive Officer of Loop Energy. “This first shipment represents a major milestone for both Loop and ECUBES, as we work hand in hand to address the rapidly increasing demand for this up-and-coming segment of the industry.”

Under the terms of the agreement, Loop’s high fuel-efficient fuel cell modules are to be integrated with ECUBES’ proprietary Thermal Green Hydrogen Energy Storage solution HYDROGENIUM, which stores energy in solid matter with no pressurised vessels for hydrogen. Systems are designed to be supplied to a range of European customers including the European Defence Agency’s “RESHUB” project (Defence RESilience Hub Network in Europe), a project that aims to improve energy efficiency in the European defence sector. ECUBES has a long history developing sector coupling projects between the power, gas, transport, and defense sectors based on hydrogen technologies. Developments include hydrogen powered stationary systems, energy storage, as well as zero-emission transport projects around the world.

Loop Energy and ECUBES intend to pursue additional opportunities once the first projects are initiated.

About ECUBES Ltd

ECUBES Ltd is a technology company developing products and solutions based on hydrogen technologies. It is an internationally respected Slovenian company with deep understanding of challenges at the transmission system operator level, focusing on clean energy infrastructure based on sector coupling approach including projects on resilience and defense sector in Europe, visit www.ecubes.eu.

About Loop Energy Inc.

Loop is a leading designer of fuel cell systems targeted for the electrification of commercial vehicles, including, light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the Company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ was designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflect management’s current expectations regarding future events. Forward–looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward–looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy and the factors discussed under “Risk Factors” in the final long-form prospectus of the Company dated February 18, 2021. Loop disclaims any obligation to update these forward-looking statements. 

Source: Loop Energy Inc.

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SOURCE Loop Energy

BEIJING, March 29, 2021 /PRNewswire/ — Ambow Education Holding Ltd. (“Ambow” or “the Company”) (NYSE American: AMBO), China’s leading provider of educational and career enhancement services, today announced that it has participated in the drafting of the Artificial Intelligence (“AI”) Talent Demand Forecasting Report (“Report”). The Report was issued on March 23, 2021 during the first Industrial Talent Innovation Development Forum, hosted by the Talent Exchange Center of the Ministry of Industry and Information Technology (“Talent Center”). 

The Report is one of a series on talent demand forecasts in key industrial and information technology spaces, and has been jointly compiled by the Talent Center, the National Research Center for Industrial Information Security Development, Tsinghua University, Shanghai Jiao Tong University and Ambow. Talent demand forecasts are critical to systematically nurture, attract, select and evaluate industrial talents. Additionally, the Report made meaningful progress in the field of AI talent research, offering valuable insights that will propel the development of the AI industry as a whole.

Building upon its high-quality educational services and an over 20-year proven track record in the vocational education sector, Ambow holds extensive experience in the training of top high-tech application-oriented talents, curricular cooperation as well as research and development in the AI, Industrial Internet and blockchain spaces.  The Company is also one of the primary organizations to initiate the “White Paper on China’s Integrated Circuit Industry Talents” (“White Paper”). Ambow has participated in the research, compilation and release of the White Paper for four consecutive years, providing a decision-making basis for industrial talent cultivation and policies in key Chinese industries.

Dr. Jin Huang, President and Chief Executive Officer of Ambow, commented, “We are very pleased to have been a participant in the drafting of the Artificial Intelligence Talent Demand Forecasting Report, which demonstrates that our experience and expertise in career enhancement services is resonating with influential organizations. As a leading national provider of industrial talent training, we are leveraging our advanced smart technologies and innovative educational models to join more national talent development research projects for a wider range of industries as well as promoting the introduction of relevant policies. We believe this will further help us bring our best-in-class products and services to a growing user base as we work to address the different talent needs amongst a broad range of industries.”

About Ambow Education Holding Ltd.

Ambow Education Holding Ltd. is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 15 out of the 34 provinces and autonomous regions within China.

Follow us on Twitter: @Ambow_Education

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the outlook and quotations from management in this announcement, as well as Ambow’s strategic and operational plans, contain forward-looking statements. Ambow may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company’s goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company’s expectations regarding keeping and strengthening its relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Ambow undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries please contact:

Ambow Education Holding Ltd.
Tel: +86 10-6206-8000

The Piacente Group | Investor Relations
Tel: +1 212-481-2050 or +86 10-6508-0677
Email: [email protected]

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SOURCE Ambow Education Holding Ltd.

SAN DIEGO, March 29, 2021 /PRNewswire/ — ROCCAT^®, Turtle Beach Corporation’s (Nasdaq: HEAR) Hamburg, Germany-based PC peripheral brand, today unveiled the new Vulcan Pro Optical-Tactile RGB Gaming Keyboard as the latest addition to its award-winning line of Vulcan keyboards. The new Vulcan Pro Optical-Tactile variant combines the ridiculously fast speed of ROCCAT’s groundbreaking Titan Optical Switch technology with the brand’s fan-favorite Tactile mechanical switch feeling. The combination provides gamers with unrivaled speed and precision as the Titan Optical Switch registers response rates up to 100 times faster than conventional mechanical switches, plus double the lifespan. ROCCAT’s Vulcan Pro Optical-Tactile RGB Gaming Keyboard is available at participating retailers in the U.S. for a MSRP of $199.99 and will be available in select regions across the EU later this year.

“Now serious PC gamers have two very fast optical switch options – Tactile or Linear – for the Vulcan Pro, which is our fastest keyboard yet,” said René Korte, ROCCAT Founder and General Manager of PC Products at Turtle Beach. “Some PC gamers love the smooth ease of our Speed switches, while others prefer a bit more feedback which is where the Tactile switches come into play. Whatever your preference, the Vulcan Pro keyboards feel great, look beautiful on your desktop with their AIMO RGB lighting, and offer a true advantage by being faster than the competition.”

Following last fall’s debut of ROCCAT’s Titan Optical Switch technology which launched in the Vulcan Pro Optical-Linear and Vulcan TKL Pro (recent recipient of a 5/5 Star Review + Platinum Award from T3), ROCCAT now introduces the Tactile variant of its acclaimed switch, in Optical form. ROCCAT’s Titan Optical-Tactile switch has a 1.8m actuation point, making it perfect for gaming and typing. Beyond being one of the fastest gaming keyboards available, the full-size Vulcan Pro Optical-Tactile RGB Gaming Keyboard also has a 100 million keystroke lifecycle that’s double the lifespan of keyboards with standard mechanical switches. It also includes a magnetically detachable palm rest and mixer-style audio controls. The ergonomic design combines ROCCAT’s renowned build quality with an ultra-low-profile, tailored to maximize comfort and eliminate wrist strain. The Vulcan Pro Optical RGB Gaming Keyboard comes with a premium braided cable and AIMO intelligent RGB lighting capabilities so it can be synchronized with other AIMO enabled devices.

For more information on the latest ROCCAT PC gaming products and accessories, visit ROCCAT.org and be sure to follow ROCCAT on Twitter, Instagram, Facebook, and YouTube.

About ROCCAT

Founded in 2007 in Hamburg, ROCCAT designs the best PC gaming products in the world. We combine detail-loving German innovation with a genuine passion for what we do. The result is a forward-looking product portfolio adaptable to the gaming trends of tomorrow. The industry-leading experiences we develop are born of a deep affinity with the gaming community that we ourselves are very much a part of. ROCCAT achieves this by having an outstandingly talented team comprised of gamers, visionaries and industry experts. Since June 2019 ROCCAT is a Turtle Beach Cooperation brand.

About Turtle Beach Corporation

Turtle Beach Corporation (https://corp.turtlebeach.com) is one of the world’s leading gaming accessory providers. The Turtle Beach brand (www.turtlebeach.com) is known for pioneering first-to-market features and patented innovations in high-quality, comfort-driven headsets for all levels of gamer, making it a fan-favorite brand and the market leader in console gaming audio for the last decade. Turtle Beach’s ROCCAT brand (www.roccat.org) combines detail-loving German innovation with a genuine passion for designing the best PC gaming products. Under the ROCCAT brand, Turtle Beach creates award-winning keyboards, mice, headsets, mousepads, and other PC accessories. Turtle Beach’s Neat Microphones brand (www.neatmic.com) creates high-quality USB and analog microphones for gamers, streamers, and professionals that embrace cutting-edge technology and design. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements
This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “goal”, “project”, “intend” and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management’s current belief and expectations, as well as assumptions made by, and information currently available to, management.

While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, the Company’s liquidity, and other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company’s other periodic reports. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.

All trademarks are the property of their respective owners.

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SOURCE Turtle Beach Corporation

NEW YORK, March 29, 2021 /PRNewswire/ — Chubb Limited (NYSE: CB) today issued the following statement in response to the recent statement from The Hartford:

As demonstrated ‎by our industry-leading returns and underwriting performance, we have created an unsurpassed franchise in the insurance industry and its most dynamic markets. We continue to have great confidence in our ability to capitalize on favorable commercial insurance market conditions. Our organization is totally focused, and we remain firmly committed to delivering significant value for our shareholders.

Although we were disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination, our shareholders demand of us, and we demand of ourselves, that we remain a disciplined acquiror with an uncompromising focus on the fair value of any institution that we could acquire.

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: www.chubb.com.

Cautionary Statement Regarding Forward-Looking Statements:

Forward-looking statements made in this press release, such as statements relating to the benefits of a potential business combination transaction on constituents of Chubb and The Hartford, market conditions and our expectations and intentions and other statements that are not historical facts, reflect the company’s current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including those set forth above, which may cause actual results to differ materially from these statements. Additional information regarding factors that could cause differences from these forward-looking statements appears in the company’s filings with the Securities and Exchange Commission.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. 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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SOURCE Chubb Limited

JERICHO, N.Y., March 29, 2021 /PRNewswire/ — Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (“Company”), the financial holding company for Esquire Bank, National Association (“Esquire”), today announced that Esquire has signed an exclusive agreement with InComm Payments, a global leading payments technology company, to offer prepaid card services under the Serve® brand for Social Security Disability Insurance (“SSDI”) payments. InComm Payments became the exclusive distributor of American Express’s prepaid reloadable and gift card products in the U.S. and acquired the Serve® technology platform in 2018. The Serve® product offered as part of the agreement with Esquire will be a Serve® Card issued by American Express.

“Serve is a best-in-class technology solution for open-loop, reloadable prepaid cards,” stated Andrew C. Sagliocca, President & CEO of Esquire. “This partnership will allow us to transform Social Security Disability Insurance payments from check to prepaid cards for our law firms’ clients, as well as other supporting services.”

“Coupling Serve’s technology with Esquire’s legal distribution network and related businesses will revolutionize the options available to Esquire’s partners,” said Dave Etling, SVP of InComm Healthcare and InCentives at InComm Payments. “Esquire has mapped out opportunities to improve the types of payments available to its partners, and this partnership will help remedy inefficiencies that exist in the market today, benefiting those who need it the most.”

For more information about Esquire, visit esquirebank.com. For more information about Serve, visit serve.com.

About Esquire Financial Holdings, Inc.

Esquire Financial Holdings, Inc. is a financial holding company headquartered in Jericho, New York, with one branch office in Jericho, New York and an administrative office in Boca Raton, Florida. Its wholly-owned subsidiary, Esquire Bank, National Association, is a full-service commercial bank dedicated to serving the financial needs of the litigation industry and small businesses nationally, as well as commercial and retail customers in the New York metropolitan area. The bank offers tailored financial and payment processing solutions to the litigation community and their clients as well as dynamic and flexible merchant payment processing solutions to small business owners. For more information, visit www.esquirebank.com.

About InComm Payments

InComm Payments is a global leader in innovative payments technology. Leveraging dynamic technology and proven expertise, InComm Payments delivers enhanced end-to-end payment platforms and emerging financial technology solutions that help businesses grow across a wide range of industries including retail, healthcare, tolling & transit, incentives, mobile payments and financial services. By enabling omnichannel connections to an ever-expanding consumer base in an increasingly digital ecosystem, InComm Payments creates seamless and valuable commerce experiences across the globe. With more than 25 years of experience, over 500,000 points of distribution, 386 global patents and a presence in more than 30 countries, InComm Payments leads the payments industry from its headquarters in Atlanta, Ga. Learn more at www.InCommPayments.com.

Cautionary Note Regarding Forward-Looking Statements

This press release includes “forward-looking statements” relating to future results of the Company. Forward-looking statements are subject to many risks and uncertainties, including, but not limited to: changes in business plans as circumstances warrant; changes in general economic, business and political conditions, including changes in the financial markets; and other risks detailed in the “Cautionary Note Regarding Forward-Looking Statements,” “Risk Factors” and other sections of the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission. The forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “might,” “should,” “could,” “predict,” “potential,” “believe,” “expect,” “attribute,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “goal,” “target,” “outlook,” “aim,” “would,” “annualized” and “outlook,” or similar terminology. Further, given its ongoing and dynamic nature, it is difficult to predict the full impact of the COVID-19 outbreak on our business. The extent of such impact will depend on future developments, which are highly uncertain, including when the coronavirus can be controlled and abated and when and how the economy may be reopened. As the result of the COVID-19 pandemic and the related adverse local and national economic consequences, we could be subject to any of the following risks, any of which could have a material, adverse effect on our business, financial condition, liquidity, and results of operations: the demand for our products and services may decline, making it difficult to grow assets and income; if the economy is unable to substantially reopen, and high levels of unemployment continue for an extended period of time, loan delinquencies, problem assets, and foreclosures may increase, resulting in increased charges and reduced income; collateral for loans, especially real estate, may decline in value, which could cause loan losses to increase; our allowance for loan losses may increase if borrowers experience financial difficulties, which will adversely affect our net income; the net worth and liquidity of loan guarantors may decline, impairing their ability to honor commitments to us; as the result of the decline in the Federal Reserve Board’s target federal funds rate to near 0%, the yield on our assets may continue to decline to a greater extent than the decline in our cost of interest-bearing liabilities, reducing our net interest margin and spread and reducing net income; and our cyber security risks are increased as the result of an increase in the number of employees working remotely. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as may be required by law.

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SOURCE Esquire Financial Holdings, Inc.

TORONTO and NEW YORK, March 29, 2021 /PRNewswire/ – AcuityAds Holdings Inc. (TSX: AT) (OTCQX: ACUIF) (“AcuityAds” or “Company”), the leading technology company that enables advertisers to connect intelligently with audiences across digital advertising campaigns from a single platform, is pleased to announce that it has signed two new contracts totaling $1.5 million, for its advertising automation platform, illumin. One contract is with a leading global pharmaceutical company that extends over several quarters, and the second is with a leading global electronics manufacturer that encompasses one quarter. Both contracts are with new clients to the Company.

illumin, which officially launched on October 1, 2020, is the only advertising automation platform that offers planning, buying and omnichannel intelligence in a single platform. With illumin, advertisers have the ability to build and map the entire consumer journey and execute in real-time to achieve conversion. This is resulting in illumin’s adoption across a wide range of industries.

Tal Hayek, Co-Founder and Chief Executive Officer of AcuityAds commented, “These new contracts demonstrate illumin’s ability to flex to the needs of a diverse range of industries with unique demands and program requirements. It also illustrates the continued momentum we are not only seeing in illumin’s breadth of clients and industries, but also in Connected TV. Illumin’s strong momentum continues to surpass our internal expectations and we expect further strong growth in the second quarter of 2021. As importantly, we continue to gain valuable consumer journey insights across numerous verticals helping to establish us as the clear consumer journey experts in the marketplace. These insights will enable us to help brands across diverse industries better realize their specific and unique goals.”

To learn more about illumin, contact [email protected] or visit illumin.com

About AcuityAds:

AcuityAds is a leading technology company that provides marketers a one-stop solution for omnichannel digital advertising with best-of-category return on advertising spend. Its journey automation technology, illumin™, offers planning, buying and real-time intelligence from one platform. With proprietary Artificial Intelligence, illumin™ brings unique programmatic capabilities to close the gap between advertising planning and execution. The company brings an integrated ecosystem of privacy-protected data, inventory, brand safety and fraud prevention partners, offering trusted solutions with proven, above-benchmark outcomes for the most demanding marketers.

AcuityAds is headquartered in Toronto with offices throughout Canada, the U.S., Europe and Latin America. For more information, visit AcuityAds.com.

Disclaimer in regards to Forward-looking Statements

Certain statements included herein constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, AcuityAds does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. The Company’s clients that have been mentioned in this press release have the right to exercise an out-clause at any time during the advertising campaign.

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SOURCE AcuityAds Holdings Inc.

SILVER SPRING, Md., March 29, 2021 /PRNewswire/ — Radio One and Reach Media, the audio divisions of Urban One, the largest Black-owned and operated media company in the country, are pleased to announce the promotion of Samuel Tatum to the newly created role of Vice President, Integrated Marketing & Partnerships.  Tatum has been with Radio One since 2004, holding various positions of increasing responsibility, and most recently as Director of Sales for its Washington, DC radio station cluster.   

With this new role, Radio One and Reach Media are further unifying their sales and integrated marketing efforts across both divisions to help brands and agency partners effectively connect with the coveted and influential Black consumer through authentic and powerful multiplatform touchpoints.

Tatum will lead a team of marketers and project managers in developing and implementing new innovative marketing solutions for national advertisers and agencies utilizing all of the Radio One and Reach Media assets.  As the primary liaison between the national sales teams and other departments within Radio One, Reach Media, and other Urban One divisions, Tatum will streamline communications, ensure the continuity of national and corporate partnerships, and make sure the sales teams continue to provide their advertising partners with the absolute best-in-class cross-platform solutions. 

“Sam’s deep understanding of the sales process along with his innate understanding of integrated marketing strategies will boost our integrated marketing efforts and help our sales team reach new heights,” said Josh Rahmani, SVP of National & Network Sales for Radio One and Reach Media. “His proven leadership in one of our largest radio clusters and his long tenure with the company uniquely position him to maneuver adeptly and help our sales teams deliver effective cross-platform solutions and extraordinary value to our advertisers.”   

Tatum stated, “I am humbled by the confidence Reach Media and Radio One has placed in me and am excited to continue to grow the legacy of our founder, Cathy Hughes, in this new role. Radio One and Reach Media have a rich portfolio of assets, and I am passionate about the opportunity to create, develop, and execute unique, on-brand, and culturally appropriate solutions that provide reach and engagement with the Black consumer for our advertisers and partners. Let’s blaze new trails!”

Urban One, Inc. (urban1.com), together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. The Company owns TV One, LLC (tvone.tv), a television network serving more than 59 million households, offering a broad range of original programming, classic series and movies designed to entertain, inform and inspire a diverse audience of adult Black viewers. As of January 2021, Urban One currently owns and/or operates 68 broadcast stations (including all HD stations, translator stations and the low power television stations we operate) branded under the tradename “Radio One” in 13 urban markets in the United States. Through its controlling interest in Reach Media, Inc. (blackamericaweb.com), the Company also operates syndicated programming, including the Rickey Smiley Morning Show, the Russ Parr Morning Show, and the DL Hughley Show. In addition to its radio and television broadcast assets, Urban One owns iOne Digital (ionedigital.com), our wholly owned digital platform serving the African American community through social content, news, information, and entertainment websites, including its Cassius, Bossip, HipHopWired, and MadameNoire digital platforms and brands. We also have invested in a minority ownership interest in MGM National Harbor, a gaming resort located in Prince George’s County, Maryland. Through our national multi-media operations, we provide advertisers with a unique and powerful delivery mechanism to African American and urban audiences. 

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SOURCE Urban One, Inc.

SAN JOSE, Calif., March 29, 2021 /PRNewswire/ — Broadcom Inc. (Nasdaq: AVGO) (“Broadcom” or the “Company”) announced today the results, as of the Early Participation Date of 5:00 p.m., New York City time, on March 26, 2021, of its offers to eligible holders (together, the “Exchange Offers”) of the Company’s or its subsidiaries’ Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the “Existing Notes”) to exchange Pool 1 Existing Notes for consideration consisting of up to $2,000,000,000 aggregate principal amount of the Company’s new notes due 2033 (the “New 2033 Notes”) (the “Aggregate Maximum Pool 1 Exchange Cap”) and a cash payment, and to exchange Pool 2 Existing Notes for consideration of up to $3,000,000,000 aggregate principal amount of the Company’s new notes due 2034 (the “New 2034 Notes” and, together with the New 2033 Notes, the “New Notes”) (the “Aggregate Maximum Pool 2 Exchange Cap” and, together with the Aggregate Maximum Pool 1 Exchange Cap, the “Aggregate Maximum Exchange Cap”) and a cash payment, the complete terms and conditions of which are set forth in an offering memorandum, dated March 15, 2021 (the “Offering Memorandum”). As a result of reaching the Aggregate Maximum Exchange Cap by the Early Participation Date, no Existing Notes tendered for exchange after the Early Participation Date will be accepted for exchange, regardless of priority level.  Existing Notes not accepted for exchange will be returned promptly to the tendering holders in accordance with the Offering Memorandum. The date and time when the interest rate on the New Notes, the Total Consideration and Exchange Consideration for the Existing Notes will be determined is expected to occur at 11:00 a.m., New York City time, on March 29, 2021.

The Company also announced that it has elected to have an early settlement for Existing Notes tendered at or prior to the Early Participation Date and accepted by the Company. Such early settlement is expected to occur on March 31, 2021, subject to all the conditions to the Exchange Offers having been satisfied or waived by the Company. Capitalized terms not defined herein shall have the meanings ascribed to them in the Offering Memorandum.

Capitalized terms not defined herein shall have the meanings ascribed to them in the Offering Memorandum.

 

The Exchange Offers are being conducted upon the terms and subject to the conditions set forth in the Offering Memorandum.  The amount of outstanding Existing Notes validly tendered and not validly withdrawn as of the Early Participation Date, as reflected in the tables above, is expected to result in the satisfaction of the minimum issuance condition that the Company issue at least $500,000,000 aggregate principal amount of each series of New Notes in the applicable Exchange Offers.

The Exchange Offers will expire at 12:00 midnight, New York City time, at the end of April 9, 2021, unless extended or earlier terminated by the Company. In accordance with the terms of the Exchange Offers, the Withdrawal Deadline relating to the Exchange Offers occurred at 5:00 p.m., New York City time, on March 26, 2021. As a result, all tenders of Existing Notes that have been validly tendered and not validly withdrawn prior to, and any tenders of Existing Notes validly tendered after, the Withdrawal Deadline are irrevocable, except in certain limited circumstances where additional withdrawal rights are required by law.

If and when issued, the New Notes will not have been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The New Notes may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Company will enter into a registration rights agreement with respect to the New Notes. The New Notes will be unsecured obligations of the Company and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Company.

The Exchange Offers are only being made, and copies of the documents relating to the Exchange Offers will only be made available, to a holder of Existing Notes who has certified in an eligibility certification certain matters to the Company, including its status as a “qualified institutional buyer” as defined in Rule 144A under the Securities Act or who is a person other than a “U.S. person” as defined in Rule 902 under the Securities Act. Holders of Existing Notes who desire access to the electronic eligibility form should contact D.F. King & Co., Inc., the information agent (the “Information Agent”) for the Exchange Offers, at (866) 416-0577 (U.S. Toll-free) or (212) 269-5550 (Collect). Holders that wish to receive the Offering Memorandum can certify eligibility on the eligibility website at: http://www.dfking.com/broadcom. In connection with the Exchange Offers, BofA Securities and HSBC are acting as dealer managers (collectively, the “Dealer Managers”). Questions or requests for assistance in relation to the Exchange Offers may be directed to the Dealer Managers at the addresses and telephone numbers set forth below.

The Dealer Managers

BofA Securities
620 S. Tryon Street, 20th Floor
Charlotte, North Carolina 28255
Attention: Liability Management
Collect: (980) 387-3907

HSBC
452 Fifth Avenue
New York, New York 10018
Attention: Global Liability
Management Group
Toll-Free: (888) HSBC-4LM
Collect: (212) 525-5552

The Information and Tender Agent

D.F. King & Co., Inc.
48 Wall Street, 22nd Floor
New York, New York 10005
Attention: Andrew Beck
Banks and Brokers call: (212) 269-5550
Toll-free: (866) 416-0577

This news release does not constitute an offer or an invitation by the Company to participate in the Exchange Offers in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction. None of Broadcom, the Information Agent or the Dealer Managers makes any recommendation as to whether any eligible holders should participate in the applicable Exchange Offer, and no one has been authorized by any of them to make such a recommendation. Eligible holders must make their own decisions as to whether to exchange their Existing Notes, and if so, the principal amount of such Existing Notes to be exchanged.

About Broadcom Inc.

Broadcom Inc., a Delaware corporation headquartered in San Jose, CA, is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom’s category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Our solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements that address our expected future business and financial performance and other statements identified by words such as “will”, “expect”, “believe”, “anticipate”, “estimate”, “should”, “intend”, “plan”, “potential”, “predict” “project”, “aim”, and similar words, phrases or expressions. These forward-looking statements are based on current expectations and beliefs of the management of Broadcom, as well as assumptions made by, and information currently available to, such management, current market trends and market conditions and involve risks and uncertainties, many of which are outside the Company’s and management’s control, and which may cause actual results to differ materially from those contained in forward-looking statements. Accordingly, you should not place undue reliance on such statements.

Particular uncertainties that could materially affect future results include risks associated with: the COVID-19 pandemic, which has had, and will likely continue to have, a negative impact on the global economy and disrupt normal business activity, and which may have an adverse effect on our results of operations; any loss of our significant customers and fluctuations in the timing and volume of significant customer demand; our dependence on contract manufacturing and outsourced supply chain; our dependency on a limited number of suppliers; global economic conditions and concerns; global political and economic conditions; government regulations, trade restrictions and trade tensions; our significant indebtedness and the need to generate sufficient cash flows to service and repay such debt; dependence on and risks associated with distributors and resellers of our products; dependence on senior management and our ability to attract and retain qualified personnel; any acquisitions we may make, such as delays, challenges and expenses associated with receiving governmental and regulatory approvals and satisfying other closing conditions, and with integrating acquired businesses with our existing businesses and our ability to achieve the benefits, growth prospects and synergies expected by such acquisitions; involvement in legal or administrative proceedings; quarterly and annual fluctuations in operating results; our ability to accurately estimate customers’ demand and adjust our manufacturing and supply chain accordingly; cyclicality in the semiconductor industry or in our target markets; our competitive performance and ability to continue achieving design wins with our customers, as well as the timing of any design wins; prolonged disruptions of our or our contract manufacturers’ manufacturing facilities, warehouses or other significant operations; our ability to improve our manufacturing efficiency and quality; our dependence on outsourced service providers for certain key business services and their ability to execute to our requirements; our ability to maintain or improve gross margin; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; compatibility of our software products with operating environments, platforms or third-party products; our ability to enter into satisfactory software license agreements; availability of third party software used in our products; use of open source code sources in our products; any expenses or reputational damage associated with resolving customer product warranty and indemnification claims; market acceptance of the end products into which our products are designed; our ability to sell to new types of customers and to keep pace with technological advances; our compliance with privacy and data security laws; our ability to protect against a breach of security systems; fluctuations in foreign exchange rates; our provision for income taxes and overall cash tax costs, legislation that may impact our overall cash tax costs and our ability to maintain tax concessions in certain jurisdictions; and other events and trends on a national, regional and global scale, including those of a political, economic, business, competitive and regulatory nature. Many of the foregoing risks and uncertainties are, and will be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result.

Our filings with the Securities and Exchange Commission (“SEC”), which you may obtain for free at the SEC’s website at http://www.sec.gov, discuss some of the important risk factors that may affect our business, results of operations and financial condition. Actual results may vary from the estimates provided. We undertake no intent or obligation to publicly update or revise any of the estimates and other forward-looking statements made in this announcement, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Broadcom Inc.
Ji Yoo
Investor Relations
408-433-8000
[email protected]

 

 

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SOURCE Broadcom Inc.

NEW YORK, March 29, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for HGEN, SEAC, HMHC, DLPN, and GSS.

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

• HGEN: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=HGEN&prnumber=032920211 
• SEAC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=SEAC&prnumber=032920211 
• HMHC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=HMHC&prnumber=032920211 
• DLPN: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=DLPN&prnumber=032920211 
• GSS: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=GSS&prnumber=032920211 

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

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

 

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SOURCE InvestorsObserver

VANCOUVER, BC, March 29, 2021 /PRNewswire/ – PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) (“PlantX” or the “Company“) is pleased to announce its new green packaging and sustainability initiatives to help reduce the Company’s carbon footprint.

“With the evolving anthropogenic threats to the climate, today’s world has seen increasing environmental awareness and interest in planetary protection,” said PlantX founder, Sean Dollinger. “People are harnessing a passion for managing our planet’s resources and this momentum is visibly manifesting in various industries. Sustainable packaging, also known as green packaging, is becoming an essential purchasing consideration for the modern consumer. By choosing to use green packaging, PlantX hopes to mitigate the polluting effects of packaging waste that ends up in landfills from its products. The increasing demand for green packaging and sustainability initiatives is becoming a crucial incentive for many high-impact businesses and manufacturers to integrate eco-friendly and ethical considerations into their operational models”.

As part of the Company’s vision to create positive change and promote both planetary and human health, PlantX has already started improving its logistic network by using 100% eco-friendly packaging and marketing resources for its meal delivery services. With PlantX’s green packaging, customers will be able to recycle or reuse all of the PlantX entrée containers. These containers are also microwave, dishwasher, refrigerator and freezer friendly. Additionally, the fiber trays used for PlantX delivered wraps are certified compostable and made from annually renewable sugarcane bagasse and can be reused at temperatures of between 14°F to 400 °F (-10°C to 204°C). The sustainability information about PlantX packaging materials will be printed on 100% recycled paper flyers.

The Company is pleased to announce a new partnership with Quebec-based Colder Fresher Longer in connection with PlantX’s sustainability initiatives. PlantX will use Colder Fresher Longer eco-friendly packaging to keep products at desired temperatures throughout the shipping process. The use of Colder Fresh Longer box liners and inserts will allow PlantX to ship both temperature sensitive and non-temperature sensitive items in the same packaging while reducing the amount of boxes needed in shipping PlantX products.

These new packaging standards are just the start of PlantX’s plans to adopt broader sustainability practices. The Company will also be expanding its environmental efforts by charging an eco-fee of $4.95 for certain online purchases to support recycling and disposal programs aimed at keeping certain end-of-line products out of landfills.

As part of its net-zero practices, PlantX will also start participating in carbon offsetting initiatives, such as forest protection or renewable energy projects that offer “carbon credits”. One carbon credit can be the equivalent of one tonne of carbon that has not been emitted into the atmosphere. The Company intends to work with sustainability consultants to measure the emissions reduced through offsetting activities in order to achieve recommended targets. Carbon offsetting can be an economically efficient way to enhance PlantX’s sustainability efforts.

“We are on a mission to become global leaders in promoting health and well-being for both people and the environment,” said PlantX CEO Julia Frank. “We’re including sustainability practices in a variety of ways, from using eco-friendly plantable business cards made with seed paper to making our packaging more sustainable. We’re committed to joining in the collective efforts to reduce plastic waste and help our plant-based community improve planetary health meaningfully and effortlessly.”

About PlantX Life Inc.

As the digital face of the plant-based community, PlantX’s platform is the one-stop-shop for everything plant-based. With its fast-growing category verticals, the Company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the Company currently has plans underway to expand its product lines to include cosmetics, clothing and its own water brand — but the business is not limited to an e-commerce platform. The Company uses its digital platform to build a community of like-minded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The Company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life.

About Colder Fresher Longer

With a strong commitment to creating a cleaner, greener and more sustainable planet, Colder Fresher Longer is a company focused on repurposing, recycling and finding innovative ways to give new life to everyday products such as water bottles, plastic bottles, plastics, textile scrap and other materials. The company’s goal is to create high performance products that are created out of repurposed materials to add value to its customers’ businesses by using more sustainable practices. Colder Fresher Longer’s unique manufacturing techniques enables it to recycle and convert items such as shredded textiles and fibers into finished products that are used for sustainable packaging. Colder Fresher Longer offers high-qualify packaging and cold chain packaging products that are focused on reducing their customers’ costs and total waste.

The Company website is http://investor.PlantX.com/.

To visit the Company’s YouTube channel, click here.

You can tune in to PlantX’s live vodcast tonight at 7PM EST to watch a discussion between the PlantX Founder and the founder of Colder Fresher Longer. To view the show, click here.

Forward Looking-Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may,” “will,” “expect,” “likely,” “should,” “would,” “plan,” “anticipate,” “intend,” “potential,” “proposed,” “estimate,” “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained herein includes, without limitation, statements relating to the Company’s green packaging initiative, the Company’s plans to adopt additional sustainability practices including the use of Colder Longer Fresher packaging, the charging of eco-fees for the purchase of certain online products to support recycling and disposal programs, participation in carbon offsetting initiatives, and the business and strategic plans of the Company.

By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and that give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate; that assumptions may not be correct; and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: the Company’s ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; a limited operating history; the ability of the Company to access capital to meet future financing needs; the Company’s reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.

Additional risk factors can also be found in the Company’s continuous disclosure documents, which have been filed on SEDAR and can be accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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SOURCE PlantX Life Inc.