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Skanska sells office building in Prague, Czech Republic, for EUR 77M, about SEK 770M

PR Newswire

ÖSTERSUND, Sweden, Jan. 15, 2021 /PRNewswire/ — Skanska sells Parkview office building located in Prague, Czech Republic, to Deka Immobilien, one of Europe’s leading real estate investors and asset managers, for EUR 77M, about SEK 770M. The transaction will be recorded by Skanska Commercial Development Europe in the first quarter of 2021. The transfer of the property is also scheduled for the first quarter of 2021.

Parkview benefits from its strategic location in Pankrác, one of the most prestigious and modern districts in Prague. The property comprises of approx. 16,000 square meters of office space and is 94% leased to international tenants including Grant Thornton and Jacobs Douwe Egberts.

The sold property was completed in the second quarter of 2020. Responding to the highest environmental, technological and tenants’ health and well-being standards, Parkview received the LEED Platinum with 97 points which makes it one of the most sustainable buildings in the Czech Republic and the entire CEE region. The building also aims for WELL Gold Shell and Core certificates and WELL Health-Safety Rating which awards high-quality office spaces with top safety standards that reduce the risk of disease transmission and facilitate creating healthy and safe workplaces in the post-COVID reality.

Skanska is one of the leading development and construction companies in Europe. Outside the Nordics, the company has operations in building construction and civil engineering in Poland, Czech Republic & Slovakia and the UK. Skanska develops commercial properties in selected home markets in Poland, Czech Republic, Romania and Hungary, while residential development is active in Poland, Czech Republic and in the UK with the BoKlok concept. In 2019, Skanska had sales of SEK 33 billion and about 11,700 employees in its European operations outside the Nordics.

CONTACT:

For further information please contact:

Aleksandra Markiewicz, Communications Manager, Skanska commercial development business in CEE, tel +48 797 229 147  

Jacob Birkeland, Head of Media Relations & Public Affairs, Skanska AB, tel +46 (0)10-449 31 34  

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at
 

www.skanska.com
.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-sells-office-building-in-prague–czech-republic–for-eur-77m–about-sek-770m,c3268588

The following files are available for download:


https://mb.cision.com/Main/95/3268588/1359655.pdf

20200115 CZ office building Prague


https://news.cision.com/skanska/i/image-20210115-parkview-by-skanska-exterior-north-by-toma-s-hejzlar,c2867309

Image 20210115 Parkview by Skanska exterior north by Toma s Hejzlar

 

Cision View original content:http://www.prnewswire.com/news-releases/skanska-sells-office-building-in-prague-czech-republic-for-eur-77m-about-sek-770m-301209245.html

SOURCE Skanska

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MiX Telematics Announces Date of Third Quarter Fiscal 2021 Conference Call and Webcast

MiX Telematics Announces Date of Third Quarter Fiscal 2021 Conference Call and Webcast

BOCA RATON, Fla.–(BUSINESS WIRE)–
MiX Telematics (NYSE: MIXT and JSE: MIX), a leading global provider of connected fleet and mobile asset management solutions, today announced it will report its third quarter fiscal 2021 results for the period ended December 31, 2020 before the U.S. financial markets open on Thursday, January 28, 2021.

MiX Telematics management will also host a conference call and audio webcast at 8:00 a.m. (Eastern Daylight Time) and 3:00 p.m. (South African Time) on Thursday, January 28, 2021 to discuss the Company’s financial results and current business outlook.

  • The live webcast of the call will be available at the “Investor Information” page of the Company’s website, http://investor.mixtelematics.com.
  • To access the call, dial 1-877-451-6152 (within the United States) or 0 800 983 831 (within South Africa) or 1-201-389-0879 (outside of the United States). The conference ID is 13715107.
  • A replay of this conference call will be available for a limited time at 1-844-512-2921 (within the United States) or 1-412-317-6671 (within South Africa or outside of the United States). The replay conference ID is 13715107.
  • A replay of the webcast will also be available for a limited time at http://investor.mixtelematics.com.

About MiX Telematics Limited

MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to more than three quarters of a million subscribers in over 120 countries. The company’s products and services provide enterprise fleets, small fleets and consumers with solutions for efficiency, safety, compliance and security. MiX Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia, Mexico and the United Arab Emirates as well as a network of more than 130 fleet partners worldwide. MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and on the New York Stock Exchange (NYSE: MIXT). For more information, visit www.mixtelematics.com.

Investor Contact:

Brian Denyeau

ICR for MiX Telematics

[email protected]

+1-855-564-9835

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Mobile/Wireless Technology Trucking Rail Maritime Air Transport Software Networks Data Management

MEDIA:

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Digital Press Conference with Carlos Tavares, Chief Executive Officer, Stellantis


IMPORTANT NOTICE


By reading this communication, you agree to be bound by the following limitations and qualifications
:

This communication is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to subscribe for or buy, or an invitation to exchange, purchase or subscribe for, any securities, any part of the business or assets described herein, or any other interests or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. This communication should not be construed in any manner as a recommendation to any reader of this document.

This communication is not a prospectus, product disclosure statement or other offering document for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14th 2017.

Vélizy-Villacoublay and London, January 15, 2021

Media Advisory: Digital Press Conference with

Carlos Tavares, Chief Executive Officer, Stellantis

“Stellantis, A World Leader in Sustainable Mobility”

Carlos Tavares, Chief Executive Officer, Stellantis, will host a digital press conference celebrating the formation of Stellantis to be followed by a media Q&A, Tuesday, January, 19th

            ·9:40 a.m. EST/3:40 p.m. CET – Digital Press Conference and Media Q&A Session

Webcast Link

            https://channel.royalcast.com/landingpage/stellantis-en/20210119_2/
            Languages available: English, French, Italian, Spanish, Portuguese       

            Conference Call (English only) for Q&A session

  • Brazil: +55 11 4700 3774
  • China: 4001 200558
  • France: +33 (0) 1 7037 7166
  • Germany: +49 (0) 30 3001 90612
  • Italy: +39 06 83360400
  • UK: +44 (0) 33 0551 0200
  • U.S.: +1 212 999 6659
  • For any other countries, please dial one of these phone numbers  

                   
            Please note that the Q&A session will be conducted in English.
             

For TV and Radio: broadcast quality connection will be also available (on demand).

Following the press conference, a replay website will be available.

Background:

  • Saturday, January 16, 2021, the FCA and Groupe PSA merger will be formally completed.
     
  • Monday, January 18, 2021, Stellantis common shares will begin trading on the Euronext in Paris and on the Mercato Telematico Azionario in Milan.
     
  • Tuesday, January 19, 2021, Stellantis common shares will begin trading on the New York Stock Exchange. The NYSE is closed on January 18 in observance of the Martin Luther King Jr. holiday.

# # # #

For further information:

FCA

 

Groupe PSA
Shawn Morgan: +1 248 760 2621
[email protected]

 

Claudio D’Amico: +39 334 7107828
[email protected]

 Karine Douet: +33 6 61 64 03 83 [email protected]

 

Valérie Gillot: +33 6 83 92 92 96
[email protected]

 


About FCA

Fiat Chrysler Automobiles (FCA) is a global automaker that designs, engineers, manufactures and sells vehicles in a portfolio of exciting brands, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep®, Lancia, Ram and Maserati. It also sells parts and services under the Mopar name and operates in the components and production systems sectors under the Comau and Teksid brands. FCA employs nearly 200,000 people around the globe. For more information regarding FCA, please visit www.fcagroup.com


About Groupe PSA



Groupe PSA


designs unique automotive experiences and delivers mobility solutions to meet all customer expectations. The Group has five car brands, Peugeot, Citroën, DS, Opel and Vauxhall and provides a wide array of mobility and smart services under the Free2Move brand. Its ‘Push to Pass’ strategic plan represents a first step towards the achievement of the Group’s vision to be “a global carmaker with cutting-edge efficiency and a leading mobility provider sustaining lifetime customer relationships”. An early innovator in the field of autonomous and connected cars, Groupe PSA is also involved in financing activities through Banque PSA Finance and in automotive equipment via Faurecia.

Media library: medialibrary.groupe-psa.com  /       @GroupePSA_EN

FORWARD-LOOKING STATEMENTS

This communication contains forward-looking statements. In particular, these forward-looking statements include statements regarding future financial performance and the expectations of FCA and PSA (the “Parties”) as to the achievement of certain targeted metrics at any future date or for any future period are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Parties’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. 

Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the impact of the COVID-19 pandemic, the ability of PSA and FCA and/or the combined group resulting from the proposed transaction (together with the Parties, the “Companies”) to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; changes in local economic and political conditions, changes in trade policy and the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the Companies’ ability to expand certain of their brands globally; the Companies’ ability to offer innovative, attractive products; the Companies’ ability to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the intense level of competition in the automotive industry, which may increase due to consolidation; exposure to shortfalls in the funding of the Parties’ defined benefit pension plans; the ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the establishment and operations of financial services companies; the ability to access funding to execute the Companies’ business plans and improve their businesses, financial condition and results of operations; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in the Companies’ vehicles; the Companies’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with our relationships with employees, dealers and suppliers; increases in costs, disruptions of supply or shortages of raw materials; developments in labor and industrial relations and developments in applicable labor laws; exchange rate fluctuations, interest rate changes, credit risk and other market risks; political and civil unrest; earthquakes or other disasters; uncertainties as to whether the proposed business combination discussed in this document will be consummated or as to the timing thereof; the risk that the announcement of the proposed business combination may make it more difficult for the Parties to establish or maintain relationships with their employees, suppliers and other business partners or governmental entities; the risk that the businesses of the Parties will be adversely impacted during the pendency of the proposed business combination; risks related to the regulatory approvals necessary for the combination; the risk that the operations of PSA and FCA will not be integrated successfully and other risks and uncertainties.

Any forward-looking statements contained in this communication speak only as of the date of this document and the Parties disclaim any obligation to update or revise publicly forward-looking statements. Further information concerning the Parties and their businesses, including factors that could materially affect the Parties’ financial results, are included in FCA’s reports and filings with the U.S. Securities and Exchange Commission, (including the registration statement on Form F-4 that was declared effective by the SEC on November 20, 2020) the AFM and CONSOB and PSA’s filings with the AMF.

Attachment



Posted on

Is the Beach So Last Year?

Realtor.com® report: “Snowbirds” typically searching for sun are favoring nearby ski towns more than ever as they look to escape closer to home

– Union Dale, Penn., Choteau, Mont., and North Creek, N.Y., post the highest increases in searches from Snowbirds

– Snowbird views to top 10 ski towns were up 127% year-over-year on average during the fourth quarter

– Seven of the 10 top ski towns seeing the largest percentage increase in views are located in Northeast and Midwest

PR Newswire

SANTA CLARA, Calif., Jan. 15, 2021 /PRNewswire/ — Searches of homes in ski towns were up nearly 36% year-over-year in the fourth quarter of 2020, according to a new report from realtor.com®. Much of the increased demand is coming from residents of cold weather, Northern states, often referred to as Snowbirds, as they search for homes with outdoor recreation options closer to home during pandemic.

“Historically, residents of the Midwest and Northeast have shown a preference for warmer cities, and contributed to much of the out-of-state demand in homes in sunny states, such as Florida,” said realtor.com® Chief Economist Danielle Hale. “This year, we found that Snowbirds’ interest in ski towns increased more than interest from other areas across the country. It’s not surprising. Americans are increasingly searching for getaways that are within driving distance. Skiing is done outdoors and generally at a distance from others, making it a relatively safe sport during the pandemic. Many of these areas offer year-round outdoor activities, making them summer destinations as well.”

The analysis examined the home searches of residents from 10 “Snowbird” markets to nearly 200 resort-linked ski towns. It found residents of eight of these markets — Boston; Chicago; Columbus, Ohio; Indianapolis; New York; Philadelphia; Providence, R.I. and Minneapolis — were showing record interest in ski towns. The exceptions were Baltimore and Detroit, where searches for ski towns were still up year-over-year, but lower than the rest of the U.S. market overall.

Views to ski towns from residents of Snowbird metros were up 44.5% in the fourth quarter year-over-year, higher than the 35.7% increase recorded nationwide.

Overall, the top 10 ski towns that showed the greatest increase in home shopper interest from Snowbirds averaged a 127% increase in searches in the fourth quarter of 2020 compared to last year. Seven of the 10 top ski towns seeing the largest percentage increase in searches were located in Northeast and Midwest.

Ranked in order of percentage increase, the top 10 ski towns in the fourth quarter of 2020 were:

1. Union Dale, Pa.
Increase in searches (y/y): 225%
Median list price: $185,000

Home to Elk Mountain Ski Resort, which offers 180 skiable acres and 27 trails, Union Dale is an alternative to the more touristy Poconos. It is less than a three-hour drive from both Philadelphia and New York City and just over 30 minutes from Scranton, Pa., the setting for the popular television sitcom, The Office. Scranton is one of the largest cities in Pennsylvania, giving Union Dale residents nearby access to water activities on Lake Scranton, minor league baseball and a vibrant art and restaurant scene.

2. Choteau, Mont.
Increase in searches (y/y): 143%
Median list price: $174,500

On the path between the Glacier and Yellowstone National Parks at the foot of the Rocky Mountain Front, Choteau provides a small town feel and a wide range of recreational activities from exploring ancient paleontology sites to golfing, hiking, boating, fishing and hunting. Ear Mountain, Freezout Lake and the Teton River are just a few of the area’s scenic attractions. Teton Pass Ski Resort, about 20 miles north of Choteau, offers skiing and snowboarding. Great backcountry skiing and snowboarding are also nearby.

3. North Creek, N.Y.
Increase in searches (y/y): 132%
Median list price: $272,000

Home to the Gore Mt. Ski Center, North Creek is a mecca for outdoor activities, including downhill and backcountry skiing and snowshoeing in the winter and whitewater rafting, hiking, biking, fishing and camping in warmer months. North Creek is located near Lake George and is a four-drive from New York City. Owned by the State of New York and operated by Olympic Regional Development Authority, the Gore Mountain ski area has been expanded in recent years, which has resulted in an influx of private investment in new businesses as well as several new housing developments.

4. Eden, Utah 
Increase in searches (y/y): 122%
Median list price: $1,190,000

Situated along the Ogden River at an elevation of 4,941 feet, downtown Eden is just 30 minutes from Salt Lake City and three world-class ski resorts — Snowbasin, Powder Mountain and Nordic Valley. Its small town charm includes historic 25th Street, which is lined with shops and restaurants. At the end of 25th Street is Union Station, which houses a vintage car museum, art gallery and a collection of historical trains. In addition to skiing and snowboarding in the winter, Eden offers year-round outdoor activities, including golfing, hiking and biking trails.

5. Windham, N.Y.
Increase in searches (y/y): 118%
Median list price: $692,000

Windham is located in the Catskill Mountains, just 2.5 hours north of New York City, making it a perfect weekend getaway. It’s known for Windham Mountain Resort, with ski trails, terrain parks and a mountain bike park. Area trails include the multi-use Windham Path, passing streams and a covered bridge, and the Escarpment Trail to the summit of Windham High Peak. The Five State Lookout offers far-reaching views of the Hudson River Valley and surrounding mountain ranges.

6. Boone, Iowa
Increase in searches (y/y): 113%
Median list price: $165,000

Named for the youngest son of Daniel Boone, this Central Iowa town is located about 40 miles north of Des Moines. The town grew rapidly following the arrival of the railroad in 1866, which easily connected it to Chicago to the east, Omaha to the west, St. Louis to the south and Minneapolis to the north. Today, Boone’s close proximity to the Des Moines River and abundant parks makes it a good destination for outdoor activities year-round. In addition to hiking at Ledges State Park and skiing, snowboarding and tubing at Seven Oaks, the Boone & Scenic Valley Railroad’s dinner train is a great way to enjoy a meal while viewing the changing of the leaves.

7. Otis, Mass.
Increase in searches (y/y): 113%
Median list price: $402,000

Otis is located in the Berkshires in western Massachusetts. Known for outdoor activities like hiking and water sports, as well as cultural experiences, the Berkshires is a two-hour drive from Boston and only three hours from New York City. This picturesque town is nestled along several lakes and ponds along the slopes of the Berkshire Range. Otis is home to Otis Range, a family-friendly ski resort, several campgrounds and forest preserves, and is a great starting point for hiking with the Taconic, Appalachian and Berkshire ranges all in the vicinity.

8. Lakeside, Mont. 
Increase in searches (y/y): 105%
Median list price: $972,500

The cozy town of Lakeside lines the northwest shores of Flathead Lake at the base of Blacktail Mountain. It is just south of Kalispell and about two hours north of Missoula and is known for entertaining tourists who come to visit the Flathead area and Glacier National Park. Lakeside offers four seasons and something for everyone, including skiing the slopes of Blacktail Mountain and sailing and boating on Flathead Lake as well as biking, camping and horseback riding and a lively cultural and restaurant scene.

9. Paoli, Ind.
Increase in searches (y/y): 103%
Median list price: $135,000

Home to Paoli Peaks Mountain Resort, the town of Paoli is about 100 miles south of Indianapolis. Paoli was first settled in the early 1800s and holds the distinction of playing a role in the Underground Railroad. Today, Paoli is a close knit community that offers residents a suburban rural mix. In addition to skiing, snowboarding and tubing, Paoli is close to French Lick, which is known for its historic mineral springs.

10. Boyne Falls, Mich.
Increase in searches (y/y): 100%
Median list price: $321,700

Named for the falls on the nearby Boyne River, this small northern Michigan community is nestled along Lake Charlevoix, which has been named by USA Today as one of the Best Lakes in America. Surrounded by a rolling countryside, Boyne Falls is home to several ski resorts and recreation areas that offer four seasons of outdoor recreation from downhill and cross country skiing, snow biking, snowshoeing and ice skating at Boyne Mountain to golf, ziplining and biking. Nearby Deer Lake offers canoeing, swimming and boating.

Methodology: Realtor.com® analyzed search activity to 180 towns with populations of at least 1,000 people and at least one ski resort. Towns are defined by ZIP code and will not match municipal boundaries. The analysis also was narrowed to explore searches from residents of 10 Snowbird metros, which are defined as Northeast and Midwest markets with the highest search traffic to warmer-climate vacation or second home markets.

About realtor.com®

Realtor.com® makes buying, selling, renting and living in homes easier and more rewarding for everyone. Realtor.com® pioneered the world of digital real estate more than 20 years ago, and today through its website and mobile apps is a trusted source for the information, tools and professional expertise that help people move confidently through every step of their home journey. Using proprietary data science and machine learning technology, realtor.com® pairs buyers and sellers with local agents in their market, helping take the guesswork out of buying and selling a home. For professionals, realtor.com® is a trusted provider of consumer connections and branding solutions that help them succeed in today’s on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com®.

Media Contact

Janice McDill, [email protected]

Cision View original content:http://www.prnewswire.com/news-releases/is-the-beach-so-last-year-301209131.html

SOURCE realtor.com

Posted on

Torex Gold Provides Update on Timing of Morelos Technical Report

(All amounts expressed in U.S. Dollars unless otherwise stated)

TORONTO, Jan. 15, 2021 (GLOBE NEWSWIRE) — Today, Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces that the release of the Morelos Technical Report (the “Technical Report”), including the Media Luna feasibility study, has been rescheduled from mid-2021 to Q1 2022. Rescheduling the release of the Technical Report will allow for the inclusion of additional results from the 2021 infill drill program at Media Luna, an updated mine plan for El Limón Guajes (“ELG”) including a potential layback in the El Limón pit if deemed economic, as well as more complete data on Muckahi following completion of rate-related field testing later this year.

Jody Kuzenko, President and CEO of Torex, stated:

“All of our work related to Media Luna is very much on track – the progress of the feasibility study itself, the infill drilling program, the early works program, and the permitting.  Our decision to reschedule the release of the updated Technical Report will result in a more robust economic study that is based on the most timely and complete information – one that we are confident will demonstrate a smooth transition between the ELG open pits and the ramp-up of Media Luna. Completion of the Technical Report is not a critical path element for the project timeline, and, as such, expectation for first production from Media Luna remains Q1 2024.

“The timing associated with release of the Technical Report will allow for the results of the expanded 2021 infill drilling program at Media Luna to be included, with $14 million being invested in the program this year. In addition, with field testing of Muckahi underway within the upper portions of the ELD deposit, we expect to have a more complete understanding of the rates and costs that can be achieved through Muckahi around mid-year. This will allow for a more informed decision regarding the design of Media Luna – as a conventional mine using a traditional ore pass system or as a Muckahi mine.

“The additional time will also allow for a thorough assessment of a potential layback within the El Limón pit. We are currently finalizing a scoping level study on the project, and if the economics are positive, the layback will be incorporated into the updated mine plan for ELG. The updated mine plan will also include the most current information associated with our ongoing exploration to extend the life of the ELG underground.”

ELG and Media Luna are considered as the same property under National Instrument 43-101 (“NI 43-101”). As such, the upcoming Morelos Technical Report will include an updated mine plan for the ELG open pits, ELG underground, and a feasibility level study for Media Luna.

About Torex Gold Resources Inc.

Torex is an intermediate gold producer based in Canada, engaged in the mining, developing and exploring of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City. The Company’s principal assets are the El Limón Guajes mining complex (“ELG” or the “ELG Mine Complex”), comprising the El Limón, Guajes and El Limón Sur open pits, the El Limón Guajes underground mine including zones referred to as Sub-Sill and ELD, and the processing plant and related infrastructure, which commenced commercial production as of April 1, 2016, and the Media Luna deposit, which is an early stage development project, and for which the Company issued an updated preliminary economic assessment in September 2018 (the “Morelos Technical Report”). The property remains 75% unexplored.

For further information, please contact:

TOREX GOLD RESOURCES INC.  
Jody Kuzenko Dan Rollins
President and CEO Vice President, Corporate Development & Investor Relations
Direct: (647) 725-9982 Direct: (647) 260-1503
[email protected]
 [email protected]

CAUTIONARY NOTES

MUCKAHI MINING SYSTEM

The Morelos Technical Report includes information on Muckahi. It is important to note that Muckahi is experimental in nature and has not yet been tested in an operating mine. Since the date of the Morelos Technical Report, the majority of the components of the Muckahi system have been tested by Torex and their functionality demonstrated. Although, the components have not yet been tested together as a system to demonstrate the rates per day in which tunnels can be excavated and material removed from long hole open stopes.  This final stage of testing is underway and will be completed in the coming months.  Drill and blast fundamentals, standards and best practices for underground hard rock mining are applied in the Muckahi system as described in of the Morelos Technical Report, where applicable. The proposed application of a monorail system for underground transportation for mine development and production mining is unique to underground hard rock mining. There are existing underground hard rock mines that use a monorail system for transportation of materials and equipment, however not in the capacity of Muckahi which is described in detail the Morelos Technical Report. The mine design, equipment performance and cost estimations involving Muckahi in the Morelos Technical Report are conceptual in nature, and do not demonstrate technical or economic viability.

FORWARD LOOKING INFORMATION

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable United States and Canadian securities legislation. Forward-looking information also includes, but is not limited to: the expected release of the Technical Report, including the Media Luna feasibility study, in Q1 2022; expectation that the rescheduling the release of the Technical Report will allow for the inclusion of additional results from the 2021 infill drill program at Media Luna, an updated mine plan ELG including a potential layback in the El Limón pit if deemed economic and updated information associated with the ongoing exploration to extend the life of the ELG underground, as well as more complete data on Muckahi following completion of field testing later this year; expectation for first production from Media Luna remains Q1 2024; expectation that the work related to Media Luna, as described in the news release, is on track; expectation that the additional information will result in a more robust economic study and demonstrate a smooth transition between the ELG open pits and the ramp-up of Media Luna; and the expectation that the additional time will also allow for a thorough assessment of a potential layback within the El Limón pit.  Generally, forward-looking information can be identified by the use of forward-looking terminology and phrases such as “plans”, “expects”, “timeline”, “schedule” or variations of such words and phrases or state that certain actions, events or results “can” or “will” occur. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, without limitation, the inability of the Company to release the Technical Report in Q1 2022 due to shortage of skilled employees or consultants,  significant social upheavals, government or regulatory actions or inactions, and those risk factors identified in the Company’s annual information form (“AIF”) and management’s discussion and analysis (“MD&A”) or other unknown but potentially significant impacts. Notwithstanding the Company’s efforts, there can be no guarantee that the Company’s measures to protect employees, contractors and surrounding communities from COVID-19 during this period will be effective. Forward-looking information is based on the assumptions discussed in the AIF, MD&A and such other reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such information is made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.



Posted on

Paradigm® Introduces New In-Home Sales Technology

Simplified Selling for Renovation Pros

Middleton, WI, Jan. 15, 2021 (GLOBE NEWSWIRE) — Paradigm introduces Paradigm Vendo™, a digital selling solution specifically designed to help residential renovation sales professionals manage in-home and virtual selling – from appointment creation to signed contract.   

Paradigm Vendo is an easy-to-use web-based application that leverages consumer-friendly versions of the product catalogs in-home sales professionals are already using. It showcases products, marketing materials, and purchasing options to consumers in a clear and concise presentation on any device.  And it syncs with existing CRM technology to seamlessly manage the customer experience from a single application.     

Whether face-to-face or in a virtual setting, Paradigm Vendo manages appointments, configures and compares products, generates quotes and contracts, captures e-signatures, and even processes orders directly through Paradigm’s manufacturer partners.   

“Finally, there’s a tool sales pros can use for end-to-end selling,” explains Matt Davis, Paradigm Product Director. “Paradigm Vendo offers sales professionals all the tools that help close more, and bigger, deals.” 

To request a personal demonstration or more information about Paradigm Vendo, go to myparadigm.com/in-home-selling-software/

About Paradigm: Paradigm provides technology solutions designed to simplify the process of configuring, quoting, and manufacturing complex configurable building products. Its technology platform is the largest of its kind in the world, serving customers in both new construction and renovation markets by increasing sales and operational efficiencies. Paradigm’s customers include renovation contractors, homebuilders, lumberyards, distributors, retailers, and manufacturers.

Attachments 



Ryan Mayrand
Paradigm
1-608-470-3914
[email protected]

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Federal Communications Commission Approves Frontier’s Chapter 11 Restructuring

Federal Communications Commission Approves Frontier’s Chapter 11 Restructuring

Company Has Also Received Regulatory Approval or Favorable Determinations in Thirteen States;

Expects to Emerge from Chapter 11 in Early 2021

NORWALK, Conn.–(BUSINESS WIRE)–
Frontier Communications Corporation (OTC: FTRCQ) (“Frontier Communications”) announced today that it has secured approval from the Federal Communications Commission (FCC) for its Chapter 11 restructuring. Frontier now has regulatory approvals, or favorable determinations, for its required change-in-control applications related to its court-supervised restructuring from the FCC and 13 states: Arizona, Georgia, Illinois, Minnesota, Mississippi, Nebraska, Nevada, New York, Ohio, South Carolina, Texas, Utah and Virginia.

Frontier expects to promptly consummate the transactions contemplated under its previously confirmed Plan of Reorganization and emerge from Chapter 11 in early 2021. Upon emergence, Frontier will have reduced its total outstanding indebtedness by more than $10 billion and will move forward with enhanced financial flexibility to support continued investment in an improved customer experience and long-term growth.

“We continue to make important progress in our constructive engagement with regulators across our service territories, and this approval from the FCC marks a major milestone,” said Bernie Han, President and Chief Executive Officer. “We continue to await approval in just four states and are working to expedite those approvals to enable the Company to emerge from Chapter 11. Our team remains focused on our transformative strategy to strengthen our financial foundation, improve our operations and enhance our customer experience throughout the U.S.”

Jonathan Spalter, President and CEO of USTelecom said, “We are pleased by the FCC’s affirmative decision for Frontier. More than ever, Frontier serves a vital function in providing essential telecommunications services. This decision is a major step toward successfully completing the Company’s restructuring, enabling it to move forward in delivering services to its customers and creating benefits for communities across the U.S.”

The U.S. Bankruptcy Court for the Southern District of New York confirmed the Company’s Plan of Reorganization in August 2020.

Additional Information

Additional information regarding Frontier’s financial restructuring is available at www.frontierrestructuring.com. Court filings and information about the claims process are available at https://cases.primeclerk.com/ftr, by calling the Company’s claims agent, Prime Clerk, toll-free at (877)-433-8020 or sending an email to [email protected].

Advisors

Kirkland & Ellis LLP is serving as legal advisor, Evercore is serving as financial advisor and FTI Consulting, Inc. is serving as restructuring advisor to the Company.

About Frontier Communications

Frontier Communications Corporation (OTC: FTRCQ) offers a variety of services to residential and business customers over its fiber-optic and copper networks in 25 states, including video, high-speed internet, advanced voice, and Frontier Secure® digital protection solutions. Frontier Business™ offers communications solutions to small, medium, and enterprise businesses.

Forward-Looking Statements

This press release contains “forward-looking statements” related to future events. Forward-looking statements address Frontier Communications’ expected future business, financial performance, and financial condition, and contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “may,” “will,” “would,” or “target.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Frontier Communications, particular uncertainties that could cause actual results to be materially different than those expressed in such forward-looking statements include: our ability to continue as a going concern; our ability to successfully consummate the restructuring of our existing debt, existing equity interests, and certain other obligations (the “Restructuring”), and emerge from the Chapter 11 Cases in Bankruptcy Court, including by satisfying both the conditions in the Plan and the conditions and milestones in the restructuring support agreement; our ability to improve our liquidity and long-term capital structure and to address our debt service obligations through the Restructuring and the potential adverse effects of the Chapter 11 Cases on our liquidity and results of operations; our ability to maintain relationships with suppliers, customers, employees and other third parties as a result of the Restructuring and the Chapter 11 Cases; the effects of the Restructuring and the Chapter 11 Cases on us and the interests of various constituents; risks and uncertainties associated with the Restructuring, including our ability to satisfy the conditions precedent for effectiveness of and successfully consummate the Restructuring in accordance with the Plan under the Chapter 11 Cases; our ability to comply with the restrictions imposed by covenants in our debtor-in-possession financing and expected to be imposed by our exit financing; the length of time that we will operate under Chapter 11 protection and the continued availability of operating capital during the pendency of the Chapter 11 Cases; risks associated with third party motions in the Chapter 11 Cases, which may interfere with the Company’s ability to consummate the Restructuring; increased administrative and legal costs related to the Chapter 11 process; declines in revenue from our voice services, switched and nonswitched access and video and data services that we cannot stabilize or offset with increases in revenue from other products and services; our ability to successfully implement strategic initiatives, including opportunities to enhance revenue and realize productivity improvements; our ability to effectively manage our operations, operating expenses, capital expenditures, debt service requirement and cash paid for income taxes and liquidity; competition from cable, wireless and wireline carriers, satellite, and over the top companies, and the risk that we will not respond on a timely or profitable basis; our ability to successfully adjust to changes in the communications industry, including the effects of technological changes and competition on our capital expenditures, products and service offerings; risks related to disruption in our networks, infrastructure and information technology that result in customer loss and/or incurrence of additional expenses; the impact of potential information technology or data security breaches or other cyber-attacks or other disruptions; our ability to retain or attract new customers and to maintain relationships with customers, employees or suppliers; our ability to secure, continue to use or renew intellectual property and other licenses used in our business; changes to our board of directors and management team upon our emergence from bankruptcy or in anticipation of emergence, and our ability to hire or retain key personnel; our ability to dispose of certain assets or asset groups on terms that are attractive to us, or at all; the effects of changes in the availability of federal and state universal service funding or other subsidies to us and our competitors and our ability to obtain future federal and state universal service funding and other subsidies; our ability to meet our Connect America Fund (“CAF”) Phase II obligations and the risk of penalties or obligations to return certain CAF Phase II funds; our ability to defend against litigation and potentially unfavorable results from current pending and future litigation; our ability to comply with applicable federal and state consumer protection requirements; the effects of state regulatory requirements that could limit our ability to transfer cash among our subsidiaries or dividend funds up to the parent company; the effects of governmental legislation and regulation on our business, including costs, disruptions, possible limitations on operating flexibility and changes to the competitive landscape resulting from such legislation or regulation; the impact of regulatory, investigative and legal proceedings and legal compliance risks; government infrastructure projects (such as highway construction) that impact our capital expenditures; continued reductions in switched access revenues as a result of regulation, competition or technology substitutions; our ability to effectively manage service quality in the states in which we operate and meet mandated service quality metrics; the effects of changes in income tax rates, tax laws, regulations or rulings, or federal or state tax assessments, including the risk that such changes may benefit our competitors more than us, as well as potential future decreases in the value of our deferred tax assets; the effects of changes in accounting policies or practices, including potential future impairment charges with respect to our intangible assets or additional losses on assets held for sale; the effects of increased medical expenses and pension and postemployment expenses; our ability to successfully renegotiate union contracts; changes in pension plan assumptions, interest rates, discount rates, regulatory rules and/or the value of our pension plan assets, which could require us to make increased contributions to the pension plan in 2020 and beyond; adverse changes in economic, political and market conditions in the areas that we serve, the U.S. and globally, including but not limited to, changes resulting from epidemics, pandemics and outbreaks of contagious diseases, including the COVID-19 pandemic, or other adverse public health developments; and potential adverse impacts of the COVID-19 pandemic on our business and operations, including potential disruptions to the work of our employees arising from health and safety measures such as social distancing and working remotely, our ability to effectively manage increased demand on our network, our ability to maintain relationships with our current or prospective customers and vendors as well as their abilities to perform under current or proposed arrangements with us, and stress on our supply chain. Forward-looking statements are also subject to the risk factors and cautionary language described from time to time in the reports the Company files with the U.S. Securities and Exchange Commission, including those in the Company’s most recent Annual Report on Form 10-K and any updates thereto in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These risks and uncertainties may cause actual future results to be materially different than those expressed in such forward-looking statements. Frontier Communications has no obligation to update or revise these forward-looking statements and does not undertake to do so.

Media:

Javier Mendoza

562-305-2345

Vice President, Corporate Communications and External Affairs

[email protected]

Meaghan Repko / Jed Repko

Joele Frank Wilkinson Brimmer Katcher

212-355-4449

Investors:

Jacob Noyes

203-614-5074

Sr. Analyst, Treasury and Investor Relations

[email protected]

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Technology Utilities Mobile/Wireless Energy Networks Internet

MEDIA:

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Posted on

2021 Corporate Calendar

Maranello (Italy), 15 January 2021 – Ferrari N.V. (the “Company”) (NYSE/MTA: RACE) announced today the following corporate calendar for year 20211:

Earnings Releases

2 February 2021 – Group results for 4th quarter and full-year 2020
4 May 2021 – Group results for 1st quarter 2021
2 August 2021 – Group results for 2nd quarter 2021
2 November 2021 – Group results for 3rd quarter 2021


A conference call for financial analysts is also planned on the date of each earnings release. Listen only live webcasts of the presentations as well as related materials will be accessible on the Company’s corporate website (http://corporate.ferrari.com).

The Annual General Meeting for the approval of the Company’s 2020 financial statements is scheduled for April 15, 2021.

The 2021 corporate calendar is available on the Company’s corporate website (http://corporate.ferrari.com).

[1] The Calendar is consistent with the Company’s practice of providing quarterly financial information.

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Posted on

Young Investigators awarded $200k to study innovative new ways to engage the body’s immune system to fight lung cancer

Lung Cancer Foundation of America, International Lung Cancer Foundation (ILCF) fund two new Young Investigator grants

Los Angeles, CA, Jan. 15, 2021 (GLOBE NEWSWIRE) — Two new $200,000 grant-funded studies supported by the Lung Cancer Foundation of America, the International Lung Cancer Foundation, and generously funded in part by Bristol-Myers Squibb, are investigating ways to harness the body’s powerful immune system to better treat lung cancer.

The grant recipients are:

  • Vincent K. Lam, M.D., Assistant Professor of Oncology at Johns Hopkins

Dr. Lam is a clinical/translational investigator with a special interest in lung cancer. His research focuses on ALK+ lung cancer, which predominantly affects younger patients and those without significant smoking exposure. Dr. Lam’s goal with this grant is to guide the development of new therapies that can directly enhance the immune system’s anti-tumor response (e.g. vaccines).

  • Adrian Sacher, M.D., Thoracic Oncologist at the Princess Margaret Cancer Centre at the University of Toronto

Dr. Sacher is a thoracic oncologist (lung cancer specialist) with a special interest in understanding resistance to immunotherapy. His grant-funded research will explore the relationship between the presence of a unique type of protein in a lung cancer patient’s tumor that may be a driving force in causing immunotherapy resistance, as well as rapid progression in patients with metastatic lung cancer.  

Lam and Sacher join an impressive group of Young Investigators funded through the LCFA/ILCF research grants that have helped direct more than $5 million toward lung cancer research in order to attract the best and the brightest to the field of lung cancer. The goal is to fund the best research to make the largest possible positive impact for lung cancer patients. 

 

About the International Lung Cancer Foundation (ILCF)

The International Lung Cancer Foundation aims to accelerate the pace of thoracic malignancy research, to inspire researchers to focus their careers on lung cancer, and to reduce the worldwide lung cancer mortality rate. Established in 2014, the ILCF has provided over $6 million towards global lung cancer research. Through the power of collaboration, support from Pharma, and generous individual donors, the ILCF inspires hope through research. To learn more, visit https://www.iaslc.org/international-lung-cancer-foundation.

About Lung Cancer Foundation of America (LCFA)

LCFA’s mission is to fund new research to diagnose and treat lung cancer. To attract the best and the brightest to the field of lung cancer, LCFA funds grants for young investigators pursuing a long-term project over the course of multiple years. To date, more than $5 million in grant funding has been awarded to lung cancer researchers. Lung Cancer Foundation of America is leading the fight against lung cancer through funding innovative and transformative lung cancer research.

Attachments 



Diane Mulligan | PR Contact
Lung Cancer Foundation of America
720.273.0927
[email protected]

Posted on

Signature Bank to Host 2020 Fourth Quarter and Year-end Results Conference Call

Signature Bank to Host 2020 Fourth Quarter and Year-end Results Conference Call

NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that management will host a conference call to review results of its 2020 fourth quarter and year ended December 31, 2020 on Thursday, January 21, 2021 at 10:00 AM ET. Signature Bank’s financial results will be released prior to market open on Thursday, January 21, 2021.

President and Chief Executive Officer Joseph J. DePaolo and Senior Executive Vice President – Corporate and Business Development Eric R. Howell will host the conference call. All participants should dial 866-359-8135 at least ten minutes prior to the start of the call and reference conference ID #4079502. International callers should dial 901-300-3484. To hear a live web simulcast or to listen to the archived web cast following completion of the call, please visit the Bank’s web site at www.signatureny.com, click on “Investor Information,” “Quarterly Results/Conference Calls” to access the link to the call. To listen to a telephone replay of the conference call, please dial 800-585-8367 or 404-537-3406 and enter conference ID #4079502. The replay will be available from approximately 1:00 PM ET on Thursday, January 21, 2021 through 11:59 PM ET on Sunday, January 24, 2021.

About Signature Bank

Signature Bank (Nasdaq: SBNY), member FDIC, is a New York-based, full-service commercial bank with 36 private client offices throughout the metropolitan New York area, including those in Connecticut as well as California and North Carolina. Through its single-point-of-contact approach, the Bank’s private client banking teams primarily serve the needs of privately owned businesses, their owners and senior managers.

The Bank has two wholly owned subsidiaries: Signature Financial, LLC, provides equipment finance and leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC, offers investment, brokerage, asset management and insurance products and services.

Since commencing operations in May 2001, Signature Bank, with $63.8 billion in assets, is one of the top 40 largest banks in the U.S., based on deposits (S&P Global Market Intelligence). Deposits as of September 30, 2020 reached $54.3 billion.

Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payments platform. Signet™ allows commercial clients to make real-time payments in U.S. dollars, 24/7/365 and was also the first solution to be approved for use by the NYS Department of Financial Services.

For more information, please visit https://www.signatureny.com.

This press release and oral statements made from time to time by our representatives contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. You should not place undue reliance on those statements because they are subject to numerous risks and uncertainties relating to our operations and business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information concerning our future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, new private client teams and other hires, new office openings, our business strategy and the impact of the COVID-19 pandemic on each of the foregoing and on our business overall. These statements often include words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “potential,” “opportunity,” “could,” “project,” “seek,” “target”, “goal”, “should,” “will,” “would,” “plan,” “estimate” or other similar expressions. As you consider forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those in the forward-looking statements and can change as a result of many possible events or factors, not all of which are known to us or in our control. These factors include but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, loan demand, real estate values and competition, any of which can materially affect origination levels and gain on sale results in our business, as well as other aspects of our financial performance, including earnings on interest-bearing assets; (iii) the level of defaults, losses and prepayments on loans made by us, whether held in portfolio or sold in the whole loan secondary markets, which can materially affect charge-off levels and required credit loss reserve levels; (iv) changes in monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; (v) changes in the banking and other financial services regulatory environment, (vi) our ability to maintain the continuity, integrity, security and safety of our operations and (vii) competition for qualified personnel and desirable office locations. All of these factors are subject to additional uncertainty in the context of the COVID-19 pandemic, which is having an unprecedented impact on all aspects of our operations, the financial services industry and the economy as a whole. Although we believe that these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if a change occurs or our beliefs, assumptions and expectations were incorrect, our business, financial condition, liquidity or results of operations may vary materially from those expressed in our forward-looking statements. Additional risks are described in our quarterly and annual reports filed with the FDIC. You should keep in mind that any forward-looking statements made by Signature Bank speak only as of the date on which they were made. New risks and uncertainties come up from time to time, and we cannot predict these events or how they may affect the Bank. Signature Bank has no duty to, and does not intend to, update or revise the forward-looking statements after the date on which they are made. In light of these risks and uncertainties, you should keep in mind that any forward-looking statement made in this release or elsewhere might not reflect actual results.

Investor Contact:

Eric R. Howell, Senior Executive Vice President –

Corporate and Business Development

646-822-1402, [email protected]

Media Contact:

Susan Turkell Lewis, 646-822-1825, [email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Finance Banking Professional Services Other Professional Services Small Business

MEDIA:

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