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SOLARWINDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of SolarWinds Corporation – SWI

SOLARWINDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of SolarWinds Corporation – SWI

NEW ORLEANS–(BUSINESS WIRE)–
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into SolarWinds Corporation (NYSE: SWI).

In December 2020, news outlets reported that the Company was the target of a massive cyberattack that exploited the Company’s monitoring software to infiltrate government agencies and private-sector companies, which the Company confirmed the next day, disclosing that a “vulnerability was inserted within the Orion products and existed in updates released between March and June 2020.” Subsequent news reports revealed that the Company had been made aware of the vulnerabilities the prior year and that even after being aware that their software had been compromised, the malicious updates were still available for download, which ultimately ensnared nine government agencies and more than 100 other organizations.

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws, which remains ongoing.

KSF’s investigation is focusing on whether SolarWinds’ officers and/or directors breached their fiduciary duties to SolarWinds’ shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of SolarWinds shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-swi/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-877-515-1850

KEYWORDS: Louisiana United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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NIKOLA INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Nikola Corporation – NKLA, NKLAW

NIKOLA INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Nikola Corporation – NKLA, NKLAW

NEW ORLEANS–(BUSINESS WIRE)–
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Nikola Corporation (NasdaqGS: NKLA, NKLAW) f/k/a VectoIQ Acquisition Corp. (NasdaqCM: VTIQ, VTIQW, VTIQU).

On September 10, 2020, Hindenburg Research published a report alleging that evidence showed the Company was “an intricate fraud built on dozens of lies.” Subsequently, it was reported that the Company was the subject of probes by both the U.S. Securities and Exchange Commission and the Justice Department. Then, on September 21, 2020, the Company announced the sudden resignation of Founder and Executive Chairman, Trevor Milton.

Recently, the Company disclosed that its internal investigation had found that Milton had made several “inaccurate” claims about the Company’s business and products.

The Company has been sued in several securities class action lawsuits for failing to disclose material information, violating federal securities laws, which have been consolidated and remain ongoing.

KSF’s investigation is focusing on whether Nikola’s officers and/or directors breached their fiduciary duties to Nikola’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Nikola shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-nkla/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-877-515-1850

KEYWORDS: United States North America Louisiana

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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SHAREHOLDER ALERT: CLAIMSFILER REMINDS CYDY, RIDE, ROOT INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits

NEW ORLEANS, March 26, 2021 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:


Lordstown Motors Corp. (RIDE)


Class Period: 8/3/2020 – 3/17/2021
Lead Plaintiff Motion Deadline: May 17, 2021
SECURITIES FRAUD
To learn more, visit https://www.claimsfiler.com/cases/view-lordstown-motors-corp-securities-litigation


CytoDyn, Inc. (CYDY)


Class Period: 3/27/2020 – 3/9/2021
Lead Plaintiff Motion Deadline: May 17, 2021
SECURITIES FRAUD
To learn more, visit https://www.claimsfiler.com/cases/view-cytodyn-inc-securities-litigation


Root, Inc. (ROOT)


Class Period: 10/28/2020 – 3/8/2021, or shares issued pursuant and/or traceable to the October 2020 Initial Public Offering
Lead Plaintiff Motion Deadline: May 18, 2021
SECURITIES FRAUD, MISLEADING PROSPECTUS
To learn more, visit https://www.claimsfiler.com/cases/view-root-inc-securities-litigation

If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact us toll-free (844) 367-9658 or visit the case links above.

If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com



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SHAREHOLDER ALERT: CLAIMSFILER REMINDS EBIX, EH, FUBO, MPLN INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits

NEW ORLEANS, March 26, 2021 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:


EHang Holdings Limited (EH)


Class Period: 12/12/2019 – 2/16/2021 (and on February 16, 2021, only for those who purchased shares at or above the price of $112.00).
Lead Plaintiff Motion Deadline: April 19, 2021
SECURITIES FRAUD
To learn more, visit https://www.claimsfiler.com/cases/view-ehang-holdings-limited-american-depositary-shares-securities-litigation


fuboTV Inc. (FUBO)


Class Period: 3/23/2020 – 1/4/2021
Lead Plaintiff Motion Deadline: April 19, 2021
SECURITIES FRAUD
To learn more, visit https://www.claimsfiler.com/cases/view-fubotv-inc-securities-litigation


Ebix, Inc. (EBIX)


Class Period: 11/9/2020 – 2/19/2021
Lead Plaintiff Motion Deadline: April 23, 2021
SECURITIES FRAUD
To learn more, visit https://www.claimsfiler.com/cases/view-ebix-inc-securities-litigation-1


MultiPlan Corporation f/k/a Churchill Capital Corp. III (MPLN)


Class Period: 7/12/2020 – 11/10/2020 and/or were holders of Churchill Capital Corp. III (“Churchill”) Class A common stock entitled to vote on Churchill’s merger with and acquisition of Polaris Parent Corp. and its consolidated subsidiaries completed in October 2020.
Lead Plaintiff Motion Deadline: April 26, 2021
SECURITIES FRAUD, MISLEADING PROSPECTUS
To learn more, visit https://www.claimsfiler.com/cases/view-multiplan-corporation-securities-litigation

If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact us toll-free (844) 367-9658 or visit the case links above.

If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com



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SHAREHOLDER ALERT: CLAIMSFILER REMINDS LDOS, REGI, VLDR, WKHS INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits

NEW ORLEANS, March 26, 2021 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:


Renewable Energy Group, Inc. (REGI)


Class Period: 5/3/2018 – 2/25/2021
Lead Plaintiff Motion Deadline: May 3, 2021
SECURITIES FRAUD
To learn more, visit https://www.claimsfiler.com/cases/view-renewable-energy-group-inc-securities-litigation


Velodyne Lidar, Inc. (VLDR)


Class Period: 7/2/2020 – 3/17/2021
Lead Plaintiff Motion Deadline: May 3, 2021
SECURITIES FRAUD
To learn more, visit https://www.claimsfiler.com/cases/view-velodyne-lidar-inc-securities-litigation


Leidos Holdings, Inc. (LDOS)


Class Period: 5/4/2020 – 2/23/2021
Lead Plaintiff Motion Deadline: May 3, 2021
SECURITIES FRAUD
To learn more, visit https://www.claimsfiler.com/cases/view-leidos-holdings-inc-securities-litigation


Workhorse Group, Inc. (WKHS)


Class Period: 7/7/2020 – 2/23/2021
Lead Plaintiff Motion Deadline: May 7, 2021
SECURITIES FRAUD
https://www.claimsfiler.com/cases/view-workhorse-group-inc-securities-litigation

If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact us toll-free (844) 367-9658 or visit the case links above.

If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com



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SHAREHOLDER ALERT: CLAIMSFILER REMINDS CLOV, IRTC INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits

NEW ORLEANS, March 26, 2021 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:


iRhythm Technologies (IRTC)


Class Period: 8/4/2020 – 1/28/2021
Lead Plaintiff Motion Deadline: April 2, 2021
SECURITIES FRAUD
To learn more, visit https://www.claimsfiler.com/cases/view-irhythm-technologies-inc-securities-litigation


Clover Health Investments, Corp. f/k/a Social Capital Hedosophia Holdings Corp. III (CLOV, CLOVW, IPOC)


Class Period: 10/6/2020 – 2/4/2021 and/or in connection with the December 2020 merger of Clover and Social Capital III.
Lead Plaintiff Motion Deadline: April 6, 2021
SECURITIES FRAUD, MISLEADING PROSPECTUS
To learn more, visit https://www.claimsfiler.com/cases/view-clover-health-investments-corp-securities-litigation

If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact us toll-free (844) 367-9658 or visit the case links above.

If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com



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Qiming’s Portfolio Company Zhihu Lists on New York Stock Exchange

PR Newswire

SHANGHAI, March 26, 2021 /PRNewswire/ — Qiming Venture Partners’ portfolio company Zhihu (NYSE: ZH) on March 26th EST listed on the New York Stock Exchange. The issue price is US$9.5/ADS. The stock closed at US$8.5/ADS on the first trading day, with a market cap of about US$4.75billion.

Zhihu is an online Q&A community that has attracted a wide array of content creators. With its product launched in January 2011, Zhihu empowers people to share knowledge, experiences and insights, and to find their answers.

Qiming started investing in Zhihu in its Series A funding round in 2011 and followed-on in its Series B, Series C, Series D and Series D1 round. Qiming owns 9.72% of the company after its IPO.  

The listing of Zhihu is the fourth IPO in the Qiming portfolio in 2021.

Zhihu is the largest Q&A-inspired online community and one of the top five comprehensive online content communities in China, both in terms of average mobile MAUs and revenue in 2020, according to China Insights Consultancy, or CIC. Zhihu is widely regarded as a highly trustworthy platform offering the highest-quality content.

“At Zhihu, where one asks a question, another will answer. We documented the spiritual trajectory of a generation with questions and answers. In the past ten years, we intertwined with the era with passion and insistence on dreams. At Zhihu, we hope that people can gain knowledge and comforts and form collective wisdom to contribute to a better world,” said Zhou Yuan, Zhihu’s founder, Chairman and CEO at the company’s tenth anniversary event in early 2021.

Users and content creators are the core of Zhihu, and the company’s motto is “Answer all questions”. Thus the prospectus opens with six stories from Zhihu communities to explain “What is Zhihu”. As of December 31, 2020, Zhihu had accumulated 315.3 million questions and answers contributed by 43.1 million content creators. The average MAUs increased by 33.0% from 56.9 million in the fourth quarter of 2019 to 75.7 million in the fourth quarter of 2020. Zhihu users generated 25.7 million average daily searches in the fourth quarter of 2020, representing a 38.2% increase from the fourth quarter of 2019. Zhihu had 3.3 million average monthly active content creators in the fourth quarter of 2020.

Zhihu monetizes through online advertising, paid membership, content-commerce solutions, and other services such as online education and e-commerce related services. Zhihu’s revenue increased from RMB670.5 million in 2019 to RMB1.4 billion (US$207.2 million) in 2020, up 101.7%. The net loss was RMB1.0 billion in 2019 and RMB517.6 million (US$79.3 million) in 2020. The gross profit increased by 142.7% from RMB312.3 million in 2019 to RMB757.8 million for the same period in 2020.

The monetization of China’s online content community is at an early stage with significant growth potential. The market size in terms of revenue increased from RMB38.6 billion in 2015 to RMB275.8 billion in 2019 and is expected to increase to RMB1.3 trillion in 2025, representing a CAGR of 30.3% from 2019, according to CIC.

“We started investing in Zhihu in 2011. We understand that building content and communities takes patience and effort.  As a result, we have been supportive of the team’s strategic decisions and were willing and ready to walk the long journey with the company,” said Duane Kuang, Founding Managing Partner of Qiming Venture Partners.

“Zhihu now has clear advantages over competitors and has shown an acceleration in user growth and commercialization. We look forward to seeing the company serving more users and bringing forth a greater variety of contents,” Kuang said.

About Qiming Venture Partners

Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Shenzhen, Hong Kong, Seattle, Boston and the San Francisco Bay Area.

Currently Qiming Venture Partners manages nine US Dollar funds and six RMB funds with $5.9 billion in assets under management. Since our establishment, we have invested in outstanding companies in the TMT and healthcare industries at the early and growth stages.

Since our debut, we have backed over 380 fast-growing and innovative companies. Over 130 companies are already listed on NYSE, NASDAQ, HKEx, Gretai Securities Market, Shanghai Stock Exchange and Shenzhen Stock Exchange, or achieved exit through M&A and other means. There are also over 40 portfolio companies that have achieved unicorn status.

Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi (SEHK:1810), Meituan (SEHK:3690), Bilibili (NASDAQ:BILI), Roborock (SHSE:688169), Gan & Lee Pharmaceuticals (SHSE: 603087), Tigermed (SZSE:300347, SEHK:3347), Zai Lab (NASDAQ:ZLAB, SEHK:9688), Venus MedTech (SEHK:2500), CanSino Biologics (SEHK:6185, SHSE:688185), Schrödinger (NASDAQ:SDGR), APT Medical (SHSE:688617), Sanyou Medical (SHSE:688085), AmoyDx (SZSE:300685), Berry Genomics (SZSE:000710), SinocellTech (SHSE: 688520), WeDoctor Group, and UBTech among many others.

Cision View original content:http://www.prnewswire.com/news-releases/qimings-portfolio-company-zhihu-lists-on-new-york-stock-exchange-301257059.html

SOURCE Qiming Venture Partners

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SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Tailwind Acquisition Corp. – TWND

PR Newswire

NEW YORK, March 26, 2021 /PRNewswire/ —

Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Tailwind Acquisition Corp. (“TWND” or the “Company”) (TWND) relating to its proposed merger with QOMPLX. Under the terms of the agreement, TWND shareholders will own only 23.1% of the combined company.

The investigation focuses on whether Tailwind Acquisition Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company, and 3) whether all material information has been disclosed.

Click here for more information: https://www.monteverdelaw.com/case/tailwind-acquisition-corp
.
It is free and there is no cost or obligation to you.

About Monteverde & Associates PC

We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer. Our firm’s recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.

If you own common stock in Tailwind Acquisition Corp. and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2021 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-monteverde–associates-pc-announces-an-investigation-of-tailwind-acquisition-corp–twnd-301257058.html

SOURCE Monteverde & Associates PC

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Armanino Foods of Distinction, Inc. Increases Its Regular Quarterly Dividend by Approximately 29% to $0.0225 Per Share

Armanino Foods of Distinction, Inc. Increases Its Regular Quarterly Dividend by Approximately 29% to $0.0225 Per Share

HAYWARD, Calif.–(BUSINESS WIRE)–
Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) today announced that its board of directors has declared a regular quarterly cash dividend of $0.0225 per share representing an increase of approximately 29% from its most recent three quarterly dividends. The dividend will be payable to shareholders of record on April 6, 2021 and will be disbursed on or about April 28, 2021. This is the Company’s 83rd consecutive quarterly dividend. In addition, the Company has had ten special dividends.

Douglas R. Nichols, Chairman of the board stated, “The strength and resilience of our Company continues to be proven as we emerge from the ongoing macroeconomic situation. As a result, we are pleased to announce that we are increasing our dividend by 29% versus the previous three quarters. Despite the obstacles presented by the COVID-19 pandemic, the Company has been able to successfully weather this storm. By implementing tactics which have kept the Company profitable, the Company has paid down its debt ahead of schedule and grown its cash position. However, rather than returning to our pre-pandemic dividend rate of $0.0275 per share, we will continue to pay down our line of credit with the $160,000 in savings from the dividend reduction just as we have done in the past three quarters.”

Tim Anderson, President and CEO commented, “We are pleased to start 2021 with anticipated quarter over quarter sales and profit growth. We are on track with our plans to position the Company for recovery from the impact of COVID-19, while also continuing to strategically invest in diversified channels to capitalize on growth trends as demonstrated by our growth in sales and profits in the past three consecutive quarters. This growth was largely attributable to our ability to control our costs and expenses throughout our organization. Specifically, this included focused efforts to control our promotional and G&A spending. Furthermore, investments in technology to improve manufacturing efficiencies continue to reduce our relative production costs. We also continued to benefit from various cost cutting measures put in place since the beginning of the COVID-19 pandemic.”

Anderson continued, “The effects of the second surge of COVID-19 cases are easing with fewer weekly infections, lifting of state and local government restrictions and warmer weather. These conditions are resulting in an improvement in overall sales, but particularly to our Foodservice customers. We have also found that our customers are building their inventories in anticipation of future sales. We will continue to make investments to reposition the Company for recovery from the current economic environment for sustained future growth with an eye towards new products, new markets, and potential acquisitions. Given our financial resources, the strength of our brand, and proven track record of management excellence, we remain confident in our ability to achieve our long‐term vision for the Company despite the current economic environment.”

Armanino Foods of Distinction, Inc. is an international food company that manufactures, and markets frozen Italian specialty food items such as pestos, sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Light Basil Pesto, Chimichurri, Harissa, Bolognese, Alfredo sauce, Creamy Garlic, and Romesco. Armanino’s organic line includes classic Basil Pesto. Armanino Foods also offers cheese shakers, frozen pastas, and meatballs.

The best source of information on the company is the OTC Markets website (http://www.otcmarkets.com/stock/AMNF/company-info).

Edgar Estonina

COO/CFO

(510) 441-9300

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Supermarket Retail Restaurant/Bar Food/Beverage

MEDIA:

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UPDATE: LMH Sets Ambitious Target to Reach 110,000+ Training Hours Enterprise-wide in 2021

New Initiatives Provides Team Members 150+ Hours of Annual Training Hours

San Diego, CA, March 26, 2021 (GLOBE NEWSWIRE) — This is an update on the announcement. The correction: LMH Sets Ambitious Target to Reach 110,000+ Training Hours 

LMH’s CEO/COO Philip Rizzo recently announced the launch of a new innovative program to bolster its workforce’s training and development. LMH, a leading provider of military housing, has set an ambitious goal to achieve 150+ hours of annual training for each team member and over 110,000 hours as an organization.

 

The new program called EmpHour provides uninterrupted scheduled time dedicated to training and professional development, enhancing every team member’s skills and knowledge across the organization. The extensive training program will most importantly ensure a consistent, efficient, quality experience for all 36,000 families living with LMH.

 

Part of the company’s mission is to provide team members with unparalleled opportunities for professional growth and development, and LMH designed its latest training initiative with that goal in mind. EmpHour provides team members time to embrace educational opportunities that facilitate learning and growth as professionals.

 

Through the implementation of this program, there has also been a heavy emphasis on training development, which focuses on topics ranging from best workplace practices to workplace culture and modules that offer insight into serving military families best.

 

EmpHour is a training initiative unique to any of the training programs currently implemented in the multifamily or military housing landscape. The Association for Talent Development reported in 2020 that larger companies have been “increasing their investment in staff training over the last few years” and that the average number of training hours provided annually has increased to 34.7 hours per employee.

 

This year marks the 20th anniversary of LMH providing exemplary service to military families. CEO/COO Philip Rizzo recently asked all team members to rededicate their daily efforts to meet that mission. “Research reflects that average mid-sized companies provide just 34.7 hours of training annually. The EmpHour initiative helps our teams increase that number fivefold. In turn, this will help us fulfill our mission to our military families, partners, and our teams,” said Rizzo.

 

With the first quarter not yet over, LMH team members have already completed 50,000+ hours of training. EmpHour serves as that commitment to team members and allows each person to set time for professional development. Training is instrumental in creating a dynamic and well-rounded team. As technology continues to advance and workplace methodology improves, team members need to align skills, knowledge, values, and abilities. EmpHour will help enhance learning with ongoing training that exposes team members to relevant courses, improving performance over time.

 

About Lincoln Military Housing

Lincoln Military Housing (LMH) was formed in 2001 through a Department of Defense (DOD) contract with parent company Lincoln Property Company. The goal has always been to increase military housing quality for our nation’s servicemen and women. Since its inception more than a decade ago, Lincoln Military Housing now provides more than 36,000 family homes for military members across the US. Lincoln is much more than a property management company. LMH acts as a support system for military families and offers community-building activities and 24-hour maintenance assistance programs, free to all residents. Services are available for all branches of service — Marine Corps, Army, Navy, Air Force, United States Coast Guard, and National Guard.  For more information about Lincoln Military Housing, please visit www.lincolnmilitary.com for more details.



Brooke Scarbrough
Lincoln Military Housing
757.618.6825
[email protected]