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In a Year Like No Other, Hilton Grows to Milestone 1 Million Rooms and Responds to Pandemic with Innovations for Guests, Positive Impact for Communities

In a Year Like No Other, Hilton Grows to Milestone 1 Million Rooms and Responds to Pandemic with Innovations for Guests, Positive Impact for Communities

The iconic hospitality company continues to successfully navigate through the crisis and lead the industry in recovery efforts

MCLEAN, Va.–(BUSINESS WIRE)–
In a year when the travel industry faced challenges like never before, Hilton (NYSE: HLT) weathered the storm by staying true to its founding purpose – to fill the earth with the light and warmth of hospitality. As the COVID-19 pandemic created unprecedented challenges for the travel and tourism industry, Hilton developed industry-leading guest innovations, reached significant growth milestones and continued to positively impact communities around the world.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201215005839/en/

In June 2020, Hilton began a worldwide roll-out of Hilton CleanStay, a new program to deliver an industry-leading standard of cleanliness and disinfection to Hilton properties. Credit: Hilton

In June 2020, Hilton began a worldwide roll-out of Hilton CleanStay, a new program to deliver an industry-leading standard of cleanliness and disinfection to Hilton properties. Credit: Hilton

Even as the company faced the biggest test in its 101-year history, Hilton’s resilient, capital-light business model enabled it to organically reach its 1 million room milestone in the fourth quarter.

Three of the hotels that helped the company cross this important threshold paint a picture of Hilton’s global growth story: Hilton Garden Inn Umhlanga Arch in South Africa, illustrating the company’s expansion into Africa; Tru by Hilton Savannah Airport, showcasing the power of the fastest-growing new brand in Hilton’s portfolio; and the Hilton Garden Inn Guizhou Maotai Town in China, helping deliver on the company’s ambitious growth goals in the APAC market.

Meanwhile, Hilton’s overall development pipeline remains strong, with 2,640 hotels and more than 408,000 rooms globally*.

“It’s been a year unlike any other, but even in the face of incredible challenges, our Team Members and owners have proven that travel is an unstoppable force for good,” said Chris Nassetta, president & CEO, Hilton. “Thanks to their grit and determination, Hilton has made a difference in the lives of so many and positively impacted communities at a time when our hospitality is needed more than ever – and together we look forward to creating even more meaningful memories in the year ahead.”

Throughout 2020, Hilton, in partnership with its hotel ownership community, has found innovative and meaningful ways to adapt to the changing needs of its guests, Team Members and communities:

Guest Experience

The pandemic rapidly changed guest behavior, priorities and concerns. Hilton responded with start-up style speed, grounded in more than a century of hospitality know-how to provide reassurance to travelers.

Among the innovations:

  • Launched Hilton CleanStayTM, an industry-defining standard of cleanliness and disinfection in collaboration with RB, maker of Lysol and Dettol and in consultation with Mayo Clinic
  • Redesigned meeting and event experiences and set new standards for event cleanliness and customer service with the launch of Hilton EventReady with CleanStayTM
  • Modified cancellation policies and took a number of steps to provide even more flexibility for Hilton Honors members including status and Points extensions
  • Created opportunities for Hilton Honors members to respond to the global pandemic by donating their Points to convert into cash and send directly to organizations including World Central Kitchen, Clean the World, Project Hope or Direct Relief
  • Provided alternative remote working options through the launch of WorkSpaces by Hilton in the U.S., Canada and the United Kingdom
  • Continued to provide contactless guest experience options through the free Hilton Honors app, enabling guests to personalize their experience with the ability to choose their rooms, check-in and out digitally and use their phones as digital keys. Guests have now used Hilton’s Digital Key to open more than 100 million doors worldwide
  • Inspired travelers to make new memories with the global launch of our insights-driven marketing campaign, “To New Memories”
  • Revealed, for the first time ever, DoubleTree by Hilton’s official chocolate chip cookie recipe so guests could create an at-home version of this iconic travel treat

Response to Communities

Hilton continued to find inventive ways to address some of the most critical, immediate needs of the communities where it operates.

  • Partnered with American Express to donate up to 1 million hotel room nights across the U.S. for frontline medical professionals leading the fight against COVID-19
  • Expanded partnership with American Express through a $1 million contribution from American Express to World Central Kitchen, to provide healthy, freshly prepared meals to the frontline healthcare professionals who stayed at Hilton properties in cities across the U.S. during the coronavirus pandemic
  • Revealed 2020 Hilton Effect Foundation Grants and reached more than $1 million in global COVID-19 community response efforts
  • Extended Hilton’s hospitality to help the travel industry come together to overcome the global pandemic including sharing countless stories of teams around the world supporting each other and helping their communities
  • Supported Hilton Team Members searching for virtual and remote volunteer opportunities, including during its annual Hilton Effect Week volunteer event and through innovative partnerships with groups including Clean the World, Meals on Wheels and more
  • Remained committed to the company’s Travel with Purpose 2030 Goals to cut the company’s environmental footprint in half and double its social impact investments worldwide. These efforts led to Hilton being named the global industry leader in sustainability for the second consecutive year on the Dow Jones Sustainability Indices

Continued Global Growth and Expansion

Hilton kept dreams of traveling alive by opening exciting new properties around the world. All the while, the company advocated on behalf of owners, many of whom are small businesses, who struggled with the travel decline.

Response to Team Members

2020 saw Hilton go from being named the #1 Best Company to Work for in the U.S. to, weeks later, having to furlough thousands of Team Members due to the impact of COVID-19 on travel and tourism. At every turn, the company leaned into its values to navigate these tough decisions.

  • Activated Hilton’s Team Member Assistance Fund to support Hilton Team Members who have been directly impacted by COVID-19 or have a family member impacted by the virus
  • Reversed its recruitment engine to connect Team Members impacted by furloughs and layoffs with access to more than a million job opportunities through the Hilton Workforce Resource Center
  • Launched a new Hilton Alumni Network portal with access to relevant career opportunities, resources, news and information
  • Committed to an expedited recruitment process for Team Members who reapply for future roles when conditions allow
  • Extended Team Member Hilton Honors status and access to Go Hilton, Hilton’s industry-leading Team Member travel program, for departing Team Members, and offered improved Honors status to current Team Members
  • Continued to earn recognition as a top workplace, even as the pandemic continued, including being named to the top spot on the 2020 list of Best Workplaces in Greater China
  • Recognized the heroic actions of frontline Team Members with the creation of a new Hospitality Heroes Award
  • Listened to Team Members and relaunched the network of eight Team Member Resource Groups committed to building communities across the organization, and introduced a Courageous Conversation series to foster meaningful dialogue to bring about lasting change in the midst of an evolving social justice landscape

To learn more about Hilton, please visit: newsroom.hilton.com.

* Unless otherwise indicated, all hotel data reflects Hilton’s third quarter 2020 announcement (November 4). More information can be found on Hilton’s Investor Relations website.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,300 properties and more than one million rooms, in 118 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on the 2020 World’s Best Workplaces list, and was named the 2020 Global Industry Leader on the Dow Jones Sustainability Indices. In 2020, Hilton CleanStay was introduced, bringing an industry-defining standard of cleanliness and disinfection to hotels worldwide. Through the award-winning guest loyalty program Hilton Honors, the more than 110 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy, plus enjoy instant benefits, including contactless check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Media Contacts

Jen Nycz-Conner

Hilton

+ 703 883 3042

[email protected]

Lana Petruzzo

Hilton

+1 703 883 6065

[email protected]

KEYWORDS: South Africa Africa China United States North America Asia Pacific Virginia Georgia

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Other Travel Other Consumer Lodging Destinations Women Philanthropy Travel Seniors Men Family Vacation Other Philanthropy Consumer Other Construction & Property

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In June 2020, Hilton began a worldwide roll-out of Hilton CleanStay, a new program to deliver an industry-leading standard of cleanliness and disinfection to Hilton properties. Credit: Hilton
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MEDIA ALERT — New developments on the state and local tax deduction cap

MEDIA ALERT — New developments on the state and local tax deduction cap

Wolters Kluwer Tax & Accounting looks at the current state of law on the state and local tax deduction cap since its enactment in 2017

–(BUSINESS WIRE)–What: The Tax Cuts and Jobs Act, enacted in 2017, imposed a $10,000 cap on the state and local tax itemized deduction, which until then did not have a limit. The increase in the standard deduction, also enacted in the Tax Cuts and Jobs Act, may have eased the pain for some taxpayers, however, the negative impact was substantial, particularly for wealthier taxpayers in high tax states. Since the enactment of the cap, several states have tried some workarounds to help their citizens who were adversely impacted by the federal cap.

Why: Some of those state workarounds may be rejected by the Internal Revenue Service (IRS) while others may work; at least one workaround recently received a blessing from the IRS:

  • Some states have provided a credit against state income taxes for a contribution to a state-sponsored charity. The IRS permits this only if the credit is small enough as a percentage of the contribution or the taxpayer is under the $10,000 cap in any event
  • At least one state is permitting a new payroll tax payable at the entity level with employees receiving an offsetting income tax credit. The IRS has not addressed this approach yet, but concerns exist about its complexity and uncertainty
  • Some states have filed lawsuits claiming that the cap violates the Tenth Amendment to the Constitution. The outcome of the litigation is still uncertain
  • Some states permit a partnership or S Corporation to pay the state income tax instead of the individual. The IRS has issued a notice permitting this work around, but it appears to only benefit business owners and not employees
  • The incoming administration may give new life to efforts led by the Democratic representatives in Congress to repeal or modify the cap. Success may depend on whether or not the Democrats gain control of the Senate

Who: Tax expert Mark Luscombe, JD, LL.M, CPA, Principal Federal Tax Analyst at Wolters Kluwer Tax & Accounting, can help explain the various efforts to work around the state and local tax deduction cap.

PLEASE NOTE: The content of this alert has been prepared by Wolters Kluwer Tax & Accounting for general informational purposes only. The information is provided with the understanding that Wolters Kluwer Tax & Accounting is not engaged in rendering legal, accounting, or other professional services.

Contact: To arrange an interview with Mark Luscombe or other federal and state tax experts from Wolters Kluwer Tax & Accounting on this or any other tax-related topics, please contact Bart Lipinski.

BART LIPINSKI

847-267-2225

[email protected]

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Other Government Finance Banking Accounting Public Policy/Government Professional Services Fashion Retail Other Professional Services

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Netgear Named as CES 2021 Innovation Awards Honoree for the Smart Home, Gaming and Computer Peripheral Categories

Netgear Named as CES 2021 Innovation Awards Honoree for the Smart Home, Gaming and Computer Peripheral Categories

SAN JOSE, Calif.–(BUSINESS WIRE)–NETGEAR®, Inc. (NASDAQ: NTGR), the leading provider of award-winning connected products designed to simplify and improve people’s lives, is announcing that it has been named a CES® 2021 Innovation Awards Honoree for several products in the categories of Smart Home, Gaming and Computer Peripherals. The announcement was made ahead of the first-ever, all-digital CES 2021, the world’s most influential technology event, happening Jan. 11-14th, 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201215005438/en/

Orbi WiFi 6 DOCSIS3.1 Cable Mesh System (CBK752) is the industry's first WiFi 6 mesh system with a built-in DOCSIS 3.1 cable modem. (Graphic: Business Wire)

Orbi WiFi 6 DOCSIS3.1 Cable Mesh System (CBK752) is the industry’s first WiFi 6 mesh system with a built-in DOCSIS 3.1 cable modem. (Graphic: Business Wire)

The CES Innovation Awards program, owned and produced by the Consumer Technology Association (CTA)®, is an annual competition honoring outstanding design and engineering in consumer technology products across 28 product categories. An elite panel of industry expert judges, including members of the media, designers, engineers and more, reviewed submissions based on innovation, engineering and functionality, aesthetics and design.

NETGEAR is honored to have again been recognized for the 2021 CES Innovation Award Honoree in the following categories:

Computer Peripherals & Accessories:

Orbi WiFi 6 DOCSIS3.1 Cable Mesh System (CBK752) is the industry’s first WiFi 6 mesh system with a built-in DOCSIS 3.1 cable modem to provide multi-gig internet broadband capability combined with the best WiFi performance and coveragei. It has the capacity to effectively handle the increasing number of devices in your home while enjoying high-performance WiFi coverage, at the same time saving cost by eliminating monthly cable modem rental fees from your internet provider. Dedicated quad-stream WiFi 6 backhaul connecting the modem router to the satellites enables the WiFi mesh, capable of multi-gigabit internet speeds, to reach every corner of your home.

Smart Home:

Orbi Pro WiFi 6 (SXK80) Tri-band Mesh System is “Office-in-a-Box” for the work from home and home-based businesses. The systems serve as router, Ethernet switches and high-performance WiFi 6 access points. The tri-band mesh system, comprised of a base router with satellites, is designed to provide the home office with next-level coverage, speed, and connection capacity for the ultimate business-grade WiFi experience. With full network isolation between 4 SSIDs (with VLANs), the Orbi Pro WiFi 6 Mesh System provides secure and separate sub-networks for the home office, household family WiFi, guest WiFi and IoT or administrative.

Gaming:

Nighthawk Pro Gaming XR1000 WiFi 6 Routerleverages state-of-the-art software to optimize internet connectivity by stabilizing ping, reducing lag spikes, and keeping you in the game with reliable wired and wireless connectivity for fast-paced gaming. WiFi 6 allows more devices to connect and stream simultaneously by effectively packing and scheduling data. Plus enjoy blazing-fast up to 5.4Gbps WiFi speeds, with a tri-core 1.5GHz Processor to make online and network gaming frustration-free.

“Innovation is at the core of what has made NETGEAR a pioneer and leader in this industry. We lead with innovation developing new products to help make people’s lives easier and more enjoyable through connectivity,” said Patrick Lo, CEO and co-founder of NETGEAR. “It is our great pleasure to once again be recognized by the Consumer Technology Association for innovation in design and technology as we now reach the 25th anniversary for NETGEAR in January 2021. It is great to see that the products we design continue to be more relevant for today and the future than they have ever been.”

The CES 2021 Innovation Awards Honorees, including product descriptions and photos, can be found at CES.tech/innovation. Additional honorees will be revealed during CES 2021 on Jan. 11, 2021.

About NETGEAR, Inc.

NETGEAR® (NASDAQ: NTGR) has pioneered advanced networking technologies for homes, businesses, and service providers around the world since 1996 and leads the industry with a broad range of award-winning products designed to simplify and improve people’s lives. By enabling people to collaborate and connect to a world of information and entertainment, NETGEAR is dedicated to delivering innovative and advanced connected solutions ranging from mobile and cloud-based services for enhanced control and security, to smart networking products, video over Ethernet for Pro AV applications, easy-to-use WiFi solutions and performance gaming routers to enhance online game play.

The company is headquartered out of San Jose, Calif. with offices located around the globe. More information is available from the NETGEAR Investor Page or by calling (408) 907-8000. Connect with NETGEAR: Twitter, Facebook, Instagram and the NETGEAR blog at NETGEAR.com.

Source: NETGEAR-G

iMaximum wireless signal rate derived from IEEE 802.11specifications. Actual data throughput and wireless coverage will vary and be lowered by network and environmental conditions, including network traffic volume, device limitations, and building construction. NETGEAR makes no representations or warranties about this product’s compatibility with future standards. Up to 10.8Gbps wireless speeds achieved when connecting to other 802.11ax 10.8Gbps devices.

U.S. Media Contact: Nathan Papadopoulos, (408) 890-3889, [email protected]

U.S. Sales Inquiries: (408) 907-8000, [email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Internet Hardware Consumer Electronics Mobile/Wireless Technology

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Nighthawk Pro Gaming XR1000 WiFi 6 Router leverages state-of-the-art software to optimize internet connectivity by stabilizing ping, reducing lag spikes, and keeping you in the game. (Graphic: Business Wire)
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Orbi WiFi 6 DOCSIS3.1 Cable Mesh System (CBK752) is the industry’s first WiFi 6 mesh system with a built-in DOCSIS 3.1 cable modem. (Graphic: Business Wire)
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Orbi Pro WiFi 6 (SXK80) Tri-band Mesh System is “Office-in-a-Box” for the work from home and home-based businesses. The systems serve as router, Ethernet switches and high-performance WiFi 6 access points. (Graphic: Business Wire)
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Nautilus, Inc.’s Bowflex® VeloCore™ Bike Earns Prestigious CES 2021 Innovation Award

Nautilus, Inc.’s Bowflex® VeloCore™ Bike Earns Prestigious CES 2021 Innovation Award 

  • The Bowflex® VeloCore™ bike was recognized for redefining indoor cycling with its innovative design that features both leaning mode and stationary mode.
  • In leaning mode, the bike leans from side-to-side and simulates the feel of riding on an open road; all while helping to ignite your core and arms. A proprietary, patent-pending lock-out feature keeps the bike in stationary mode, so users can opt for a traditional cycling workout.
  • The connected bike also integrates with the JRNY® digital fitness platform, which coaches members to achieve their fitness goals by offering curated workout and entertainment options that stream while being coached.
  • JRNY® members receive voice-coached individualized workouts, trainer-led video workouts, integration with third party cycling apps, and access to their entertainment subscriptions like Netflix, Hulu, Amazon Prime Video, and Disney+.

 

VANCOUVER, Wash.–(BUSINESS WIRE)–
Nautilus, Inc. (NYSE:NLS), an innovation leader in home fitness for over 30 years,today announced that it has received a CES® 2021 Innovation Award for the Bowflex® VeloCore™ bike. This groundbreaking product was recognized for its innovative design, and as the industry’s first dual-mode indoor cycling bike.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201215005379/en/

The Bowflex® VeloCore™ cycling bike was awarded the CES 2021 Innovation Award for redefining indoor cycling with an innovative and proprietary design that features leaning and stationary modes. (Photo: Business Wire)

The Bowflex® VeloCore™ cycling bike was awarded the CES 2021 Innovation Award for redefining indoor cycling with an innovative and proprietary design that features leaning and stationary modes. (Photo: Business Wire)

The Bowflex® VeloCore™ bike is the first indoor cycling bike to feature both a stationary setting and leaning mode. In leaning mode, users can push and pull the bike from side-to-side, replicating the movement of outdoor cycling. A proprietary, patent-pending lock-out feature keeps the bike in stationary mode, so users can opt for a traditional cycling workout.

The Bowflex® VeloCore™ indoor cycling bike received a CES Innovation Award out of thousands of products entered. The CES Innovation Awards program, owned and produced by the Consumer Technology Association (CTA)®, is an annual competition honoring outstanding design and engineering in consumer technology products across 28 product categories. An elite panel of industry expert judges, including members of the media, designers, engineers and more, reviewed submissions based on innovation, engineering and functionality, aesthetic and design.

“Since its launch three months ago, the Bowflex VeloCore bike has been extremely popular and continues to receive favorable customer and media reviews – it’s exciting to see that translate into recognition as a fitness industry innovator,” said Jim Barr, CEO of Nautilus, Inc. “This award is also validation that we are empowering healthier living by providing our customers with extraordinary, personalized fitness experiences.”

The Bowflex® VeloCore™ connected bike also integrates with the JRNY® digital fitness platform, which delivers engaging digital content on a 22’’ HD touch screen. The JRNY digital fitness platform coaches members to achieve their fitness goals by offering curated workout and entertainment options that stream while being coached. JRNY® members receive voice-coached individualized workouts, trainer-led video workouts, integration with third party cycling apps, and access to their entertainment subscriptions like Netflix, Hulu, Amazon Prime Video, and Disney+.** Additionally, users can digitally connect to popular third-party cycling apps — allowing them to ride with their favorite trainers via streaming on-demand classes from Peloton®, or interact, train and compete against others on Zwift®.***

For more information on the Bowflex® VeloCore™ bike, visit: https://www.bowflex.com/bikes/velocore.html

** Requires a subscription to the streaming service, not included. Also requires a JRNY® digital fitness membership to access the streaming service from the console.

*** Requires a tablet or phone and separate third party subscription, not included. There is no affiliation with Peloton or Zwift. Peloton’s digital app ($12.99/mo.) has fewer features than its all-access membership ($39/mo.). $12.99/mo. subscribers cannot access Peloton’s leaderboard or its power, speed, and distance metrics. Cadence is available on iOS devices.

About JRNY® Digital Fitness Platform

The JRNY® digital fitness platform coaches members to achieve their fitness goals by offering curated workout and entertainment options that stream while being coached, including voice-coached individualized workouts, trainer-led workouts, integration with other fitness apps, and access to the members’ own entertainment subscriptions like Netflix, Hulu, Amazon Prime Video and Disney+. The JRNY platform uses machine learning to create virtually an infinite number of personalized workouts that include motivation and praise and is based on an initial fitness assessment that learns and adapts as the member progresses — removing the guesswork from achieving a productive and satisfying workout. This immersive, digital experience is available on Bowflex.com, for download in the Google Play and App Stores, and is integrated with connected Bowflex® home fitness cardio equipment, including indoor cycling bikes, treadmills and Max Trainer® machines. Following the two-month trial period, a JRNY membership will cost $19.99 per month or $149 per year, plus applicable taxes.

About Nautilus, Inc.

Nautilus, Inc. (NYSE:NLS) is the global leader in innovative home fitness solutions. The company’s diverse brand portfolio includes Bowflex®, Nautilus®, Schwinn®, and a broad selection of exercise bikes, cardio equipment, strength training products, as well as the JRNY® digital fitness platform. Nautilus, Inc. empowers healthier living through individualized connected fitness experiences. The company sells its products through direct and retail channels. Nautilus, Inc. uses the investor relations page of its website (www.nautilusinc.com/investors) to make information available to its investors and the market.

Media:

Erin Beck

Nautilus, Inc.

360-859-5863

[email protected]

Carey Kerns

The Hoffman Agency

503-754-7975

[email protected]

Investor Relations:

John Mills

ICR, LLC

646-277-1254

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Technology Fitness & Nutrition Health Hardware

MEDIA:

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The Bowflex® VeloCore™ cycling bike was awarded the CES 2021 Innovation Award for redefining indoor cycling with an innovative and proprietary design that features leaning and stationary modes. (Photo: Business Wire)
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Unity Acquires RestAR to Enable AI-Based 3D Capture

Unity Acquires RestAR to Enable AI-Based 3D Capture

High-quality capture of physical 3D objects complements newly-launched Unity Forma to extend power of RT3D to more industries

SAN FRANCISCO–(BUSINESS WIRE)–
Unity (NYSE: U), the world’s leading platform for creating and operating real-time 3D (RT3D) content, today announced the acquisition of RestAR, a Tel Aviv-based computer vision and deep learning company that enables fashion brands, online retailers, and marketers to scan and render physical consumer products in high-quality 3D, using only a mobile device. Coming on the heels of the launch of Unity Forma, a new tool that allows marketers to create and publish interactive experiences from 3D data, RestAR will extend the power of interactive RT3D technology to marketers of all types by generating a digital twin of any product or object in 3D.

“With the acquisition of RestAR, Unity is giving massive power to brands, retailers, and consumers by democratizing digital marketing for almost any product,” said Dave Rhodes, Senior Vice President and GM, Unity Create Solutions, Unity. “What was once out of reach for those outside of large manufacturers and consumer products companies, is now available to businesses of any size looking for a tangible, effective way to market their products. We fundamentally believe anyone should be able to leverage Unity’s products and this acquisition is another step in that direction.”

Creating realistic 3D models is a time-consuming, manual, and expensive process that few companies can afford. With RestAR, scans take a 1-minute video to complete, do not require technical knowledge or special hardware, and are processed and highly-compressed in the cloud using cutting-edge AI-based technology. RestAR allows online businesses and marketers to create high-quality 3D models of products easily. Today, RestAR works with leading fashion brands and e-commerce platforms such as UGG, Off-White, Wix, Dafiti, Hoka One One, Palm Angels, Heron Preston, and many more.

“The COVID-19 crisis accelerated the expansion of retail and other industries towards new consumer behavior and digital transformation. Alongside Unity, which has already established itself as a leader in rendering 3D content across multiple industries, RestAR, combined with Unity Forma will be a visual content game-changer for businesses and marketers across industries,” said Bar Saraf, CEO, RestAR.

RestAR employees will join Unity from the company headquarters in Tel Aviv, Israel. Unity is the most comprehensive platform for RT3D development. From emerging creators to global brands, companies across all industries and geographies use Unity’s powerful, accessible tools to create compelling real-time 3D experiences. For more information, please visit www.unity.com.

About Unity

Unity (NYSE: U) is the world’s leading platform for creating and operating real-time 3D (RT3D) content. Creators, ranging from game developers to artists, architects, automotive designers, filmmakers, and others, use Unity to make their imaginations come to life. Unity’s platform provides a comprehensive set of software solutions to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company’s 1,800+ person research and development team keeps Unity at the forefront of development by working alongside partners to ensure optimized support for the latest releases and platforms. Apps developed by Unity creators have been downloaded more than five billion times per month in 2020. For more information, please visit www.unity.com.

About RestAR

RestAR aims to change the way people interact with online products by enabling retail businesses to use AI on any mobile device to convert simple videos of their products into 3D/AR visualizations and increase revenues. RestAR won 1st place at Global Startups Competition for Retail 2020 and Rethinking Commerce 2019 competitions, works with world-leading fashion brands and e-commerce platforms, and is funded by strategic investors such as Wix Capital, 500startups, the former President of Walmart Latin-America, the Co-Founders of Dafiti, and more. RestAR’s technology combines both computer vision and deep learning algorithms based on cutting-edge academic research to promise the highest quality and accuracy. For more information, please visit www.rest-ar.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the transaction’s ability to transform digital marketing, the acceleration and expansion of retail and other industries towards new consumer behaviors and digital transformation, Unity’s ability to be a visual content game-change for businesses and marketers across industries, the integration of RestAR and the impact of the transaction on Unity’s and RestAR’s products and services capabilities, customers and partners. The words “will,” “promise” “aims to” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions, such as Unity’s ability to successfully integrate RestAR’s business; costs related to the acquisition; whether potential benefits of the transaction extend to Unity and RestAR customers; whether the market for interactive experiences grows as anticipated; Unity’s and RestAR’s success developing new products or modifying existing products and the degree to which these gain market acceptance; and any unanticipated impact of accounting for the acquisition. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Further information on these and additional risks that could affect Unity’s results is included in our filings with the Securities and Exchange Commission (“SEC”), including our Form 10-Q filed with the SEC on November 13, 2020, and our future reports that we may file with the SEC from time to time, which could cause actual results to vary from expectations. Unity assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.

Marisa Graves

Unity Communications

[email protected]

+1 (215) 801-2485

Alivia Rasmussen

Unity Communications

[email protected]

+1 (650) 218-1185

KEYWORDS: California United States North America Israel Middle East

INDUSTRY KEYWORDS: Mobile/Wireless Technology Marketing Communications Software Audio/Video Internet Data Management Retail Online Retail

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Give the Gift of a “Curated Experience” at Grande Lakes Orlando This Holiday Season

Weekend-Long “Curated Experiences” Appeal To A Wide Variety of Interests Including Culinary, Spirits, Automobiles, Wellness, Watches, Golf, Fishing, And More

ORLANDO, Fla., Dec. 15, 2020 (GLOBE NEWSWIRE) — For those who are still searching for the perfect holiday gift, Grande Lakes Orlando has just introduced a “Curated Experience” Initiative for 2021. Designed for those who enjoy truly memorable events, these “Curated Experiences” are designed for couples and small groups who want to celebrate food and wine, immerse themselves in learning and personal growth, and honor arts and culture.

The sprawling 500-acre resort — home to The Ritz-Carlton Orlando and JW Marriott Orlando — is the perfect setting for this weekend-long immersion of exclusive programming. The “Curated Experiences” are designed to appeal to both local Orlando residents as well guests who want to stay the weekend.

This series of intimate, weekend-long experiences will include master classes, guided workshops, immersive demonstrations, and more, led by an array of award-winning chefs, winemakers, jewelers, artists, and wellness experts.

The series kicks off January 29-31 with a focus on wheels, watches, whiskey and wine. The experience will highlight rare spirits from Iron Smoke and thoughtfully-selected vintages from Quintessa. Additionally, internationally-acclaimed BBQ chefs Bruce Kalman (Soulbelly BBQ) and Burt Bakman (SLAB Barbeque), will cook alongside award-winning chef John Tesar, who recently debuted Knife & Spoon at Grande Lakes Orlando, treating guests to a memorable, food-inspired weekend.

The celebration will begin on Friday evening, where visiting chefs and purveyors will come together to create a multi-faceted whiskey and wine tasting. Guests can mix and mingle with the makers in a relaxed, casual environment. The main event will be hosted on Saturday night with a culinary showcase featuring signature dishes prepared by the guest chefs, with a private performance by singer, actor and television personality Joey Fatone. For a complete listing of activities for the first event, visit https://www.grandelakes.com/ResourceFiles/pdf/curatedexperiences.pdf.

Tickets start at $750/person with an exclusive rate available for overnight guests. Additional 2021 “Curated Experiences” will be announced in the coming weeks. For more information on Grande Lakes Orlando “Curated Experiences”, please visit www.GrandeLakes.com.

Grande Lakes Orlando is committed to providing guests with a clean environment that aligns with expert protocols aligned with CDC, Florida, and Orlando guidelines.

About Grande Lakes Orlando

The 500-acre Grande Lakes Orlando estate features a 582-room Ritz-Carlton and 1,000-room JW Marriott hotel situated at the headwaters of the Florida Everglades. Guests at both hotels can enjoy all the facilities and services at Grande Lakes Orlando, including an 18-hole Greg Norman-designed championship golf course and the 40,000-square-foot Ritz-Carlton Spa as well as three pools including the winding lazy river at JW Marriott and the new AquaCourse 360 interactive water feature. Experience a wealth of dining options throughout Grande Lakes Orlando, where the cuisine is as diverse as the resort.

Twelve outlets to choose from featuring a brand new steak and seafood restaurant, Knife & Spoon led by award-winning chef John Tesar, southern-inspired cuisine at Highball & Harvest and Mediterranean Italian at PRIMO led by multiple time James Beard award-winning chef Melissa Kelly, a leader in the city’s farm-to-fork movement. The resort sources ingredients from its on-site apiaries and 18,000-square-foot Whisper Creek Farm. On-property activities include Grande Lakes Sports Experiences offering kayaking, eco-tours on Shingle Creek, falconry, mountain biking and fishing school. Conference and meeting attendees have their pick of a selection of meeting space options located across 150,000 square feet that connects the two properties plus more than 100,000 square feet of outdoor space.

Grande Lakes is located 15 minutes from the Orlando International Airport, five minutes from the Orange County Convention Center and minutes from the major theme parks. Follow Grande Lakes Orlando on Twitter at @RC_Orlando and @JW_Orlando, Instagram @ritzcarltonorlando and jwmorlando and Facebook ritzcarltonorlando and jwmarriottorlando. For more information about Grande Lakes Orlando, visit www.grandelakes.com.

CONTACT:
Alissa Perez
Director of Public Relations
407-393-4110
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/06adc70f-5b53-467c-bf7d-d9fe039cc446



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Opus One Solutions is named a 2021 Global Cleantech 100 Company for the 4th Consecutive year

11 Canadian Companies make it to the global ranking

TORONTO, Dec. 15, 2020 (GLOBE NEWSWIRE) — Opus One Solutions, a Canadian cleantech firm was named a 2021 Global Cleantech 100 company by Cleantech Group for the fourth consecutive year. Delivering solutions that will take us from climate chaos to transformation, the 100 companies on the list represent companies best positioned to contribute to a more digitized, de-carbonized and resource-efficient future. This is the 12th edition of the widely respected annual guide.

“Our mission at Opus One is to build innovative and state-of-the-art energy planning solutions that evolves and meets the needs of the ever-changing electricity ecosystem,” said Joshua Wong, Opus One Founder and CEO. “We couldn’t be more thrilled to be recognized as a leading Global Cleantech company for the fourth consecutive year.” 

“It’s excellent to see 11 Canadian companies make it to the annual Global Cleantech 100 company ranking,” said the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade. “The next phase of growth and rebuilding the economy will need companies like Opus One to continue innovating and exporting to international markets.”

Utility companies around the world use Opus One’s advanced analytics software platform, GridOS®, to help them optimize their energy ecosystem and create smarter more cost-effective sustainable electricity distribution systems.

“We are honoured to be recognized by Global Cleantech 100 as a company that will help address the biggest climate problems with our clean technology solutions,” said Hari Subramaniam, Chief of Strategic Growth, Opus One Solutions. “At Opus One, we’re building a world-class energy solution that enables grid modernization to empower utilities and navigate energy transition.”

This year, Opus One deployed its first transactive management software at Southern California Edison (SCE), the primary electricity supply company for Southern California. Opus One will help facilitate the adoption of renewable energy by enabling customer assets to provide energy services to the utility, leading to realizing its vision of net zero carbon emissions. Opus One also announced two projects with Scottish and Southern Electricity Networks (SSEN) to develop solutions for flexibility market models. This innovative project is a live demonstration for a smarter energy network and will help the UK move a step closer to its stated goal of net-zero carbon emissions by 2050.

The list combines Cleantech Group’s research data with qualitative judgements from nominations and insight from a global, 91-member Expert Panel of leading investors and executives from corporations and industrials active in technology and innovation scouting. Download the 2020 Global Cleantech 100 Report to learn more about the companies solving today’s energy problems.

For detailed information on Opus One Solutions outlook as an innovator, visit Cleantech Group’s market intelligence platform i3 and search for Opus One Solutions. 

About Cleantech Group 
At Cleantech Group, we provide research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. We bring clients access to the trends, companies and people shaping the future and the customized advice and support businesses need to engage external innovation.

Industries are undergoing definitive transitions toward a more digitized, de-carbonized and resource-efficient industrial future. At every stage from initial strategy to final deals, our services bring corporate change makers, investors, governments and stakeholders from across the ecosystem, the support they need to thrive in this fast-arriving and uncertain future.

The company was established in 2002 and is headquartered in San Francisco with people based in London, Paris and Boston.

Media Contact:

Kristin Macdonald, Cleantech Group
[email protected] 

About Opus One Solutions 
Opus One Solutions is a software engineering and solutions company with the vision of a digitalized, decentralized and decarbonized planet. Its intelligent energy networking platform, GridOS®, optimizes complex power flows so that it can deliver real-time energy management and integrated planning to distribution utilities and other managers of distributed energy assets. GridOS is modular, scalable, and integrates 
seamlessly with existing data systems to unlock greater potential for distributed energy resources, including renewable generation, energy storage, and responsive demand. GridOS also facilitates the management of microgrids — from homes to businesses to communities — for unparalleled grid resiliency and value to the electricity customer. 

Media Contact: 
Simona Hiutin 
Opus One Solutions 
Email: [email protected]



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Moore Kuehn Encourages XLNX, ZAGG, EIGI, and TCF Investors to Contact Law Firm

PR Newswire

NEW YORK, Dec. 15, 2020 /PRNewswire/ — Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders.  Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies:


  • Xilinx, Inc.


    (NASDAQ: XLNX)

A registration statement was recently filed with the SEC regarding AMD’s acquisition of Xilinx, which may omit material information regarding the financial metrics and analyses used to evaluate the merger.  Under the proposed transaction, shareholders of Xilinx will receive 1.7234 shares of AMD per share.


  • ZAGG Inc. (NASDAQ: ZAGG)

ZAGG has agreed to be acquired by a group led by Evercel, Inc.  Under the proposed transaction, ZAGG shareholders will receive $4.50 per share and an additional $0.25 per share if certain conditions are met.


  • Endurance International Group Holdings, Inc. (NASDAQ: EIGI)

A proxy was recently filed with the SEC regarding Clearlake Capital Group’s acquisition of Endurance International Group.  Upon completion of the merger, Endurance shareholders will receive $9.50 in cash per share.  The investigation concerns whether Endurance’s board of directors oversaw an unfair process and ultimately agreed to an inadequate price.


  • TCF Financial Corporation (NASDAQ: TCF)

TCF Financial has agreed to be acquired by Huntington Bancshares.  Under the proposed transaction, TCF shareholders will receive 3.0028 shares of Huntington.

Moore Kuehn is investigating whether the Boards of the above companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process. 

Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq. by email at [email protected] or telephone at (212) 709-8245.  The consultation and case are free with no obligation to you.  Moore Kuehn pays all case costs and does not charge its investor clients.Shareholders should contact the firm immediately as there may be limited time to enforce your rights.  

Moore Kuehn is a 5-star Google rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims.  For additional information about Moore Kuehn, please visit http://www.moorekuehn.com/practice/new-york-securities-litigation/.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Moore Kuehn, PLLC 
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
[email protected] 
(212) 709-8245

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SOURCE Moore Kuehn, PLLC

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Future Farm And High Purity Natural Products Provide Update On Operations And Strategic Investments For Robust Growth

PR Newswire

VANCOUVER, BC, Dec. 15, 2020 /PRNewswire/ — Future Farm Technologies Inc. (the “Future Farm” or the “Company”) (CSE: FFT) (OTC PINK: FFRMF) is pleased to provide an update on the outstanding operations of, and outlook for, its key operating unit, High Purity Natural Products.

FUTURE FARM AND HIGH PURITY NATURAL PRODUCTS PROVIDE UPDATE ON OPERATIONS AND STRATEGIC INVESTMENTS FOR ROBUST GROWTH

High Purity Natural Products is a leading supplier of wholesale and bulk hemp-derived CBD products in the United States.

“By the second quarter of 2021, funding and strategic business development efforts by Future Farm will enable High Purity to offer significantly greater manufacturing capacity for its customers,” says Bill Gildea, Future Farm’s CEO.

Key results of this effort will include:

  • High volume production capability for tinctures, hand sanitizer, creams, balms, lotions, oral pouch products, tea bags, and split caps.
  • Automated counting machines for gummies and gelcaps, providing even faster fulfillment.
  • Expanded expertise in custom formulation work.
  • Robust logistics, including third-party logistics, or “3PL,” warehousing, fulfillment and shipping.

Strong Plan for 2021

Gildea continues, “The expansion of High Purity Natural Products in 2021 will include a move to a new 10,000 square foot facility in Southbridge, Massachusetts that will be equipped with high throughput machinery. These improvements will increase the production capacity of High Purity at least five-fold. We expect this increase to lead to rapid revenue growth and a strong balance sheet.”

Mike Matton, President and Founder of High Purity Natural Products, observed, “With the hemp-derived CBD market and our customer base growing, the support of Future Farm puts us in a great position to exceed our 2021 goals.”

For further information, contact Investor Relations at [email protected].

On behalf of the Board,

Future Farm Technologies Inc.

William Gildea, CEO & Chairman

About Future Farm Technologies Inc. and High Purity Natural Products, LLC

Future Farm Technologies is a Canadian public company that, following its merger with High Purity Natural Products, is now a leading supplier of top-quality health and wellness products, including those made from hemp, to meet the burgeoning demand in the U.S. and global markets.

Future Farm’s seasoned management team, now joined by the High Purity Natural Products management team, brings a deep understanding of manufacturing, formulation, marketing, sales, and operations with the financial and regulatory expertise needed to become a significant participant in the rapidly growing market for health and wellness products made from hemp and other plants.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements. There is no guarantee that the Company will be successful in its efforts to further develop its existing hemp operations, or that the Company will be able to raise sufficient capital to execute on its intended business plan and objectives. There can be no assurances that such statements will prove accurate, and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/future-farm-and-high-purity-natural-products-provide-update-on-operations-and-strategic-investments-for-robust-growth-301193275.html

SOURCE Future Farm Technologies

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ADDING MULTIMEDIA Wells Fargo: Investor Optimism Gains Steam in Fourth Quarter

ADDING MULTIMEDIA Wells Fargo: Investor Optimism Gains Steam in Fourth Quarter

Nearly two-thirds of investors express confidence in the stock market, though still down from the first quarter of 2020

SAN FRANCISCO–(BUSINESS WIRE)–
Investor optimism improved moderately this quarter, with the Wells Fargo/Gallup Investor and Retirement Optimism Index rising 24 points to +42, about double the 14-point gain seen in the third quarter. Still, investor optimism continues to fall well short of its first quarter level, when the index was at a 20-year high of +138.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201215005447/en/

(Graphic: Wells Fargo)

(Graphic: Wells Fargo)

The Investor and Retirement Optimism Index is up this quarter specifically because investors are feeling better about the future of the economy and jobs. Close to half (48%), up from 40% last quarter, are now “very” or “somewhat” optimistic about the 12-month outlook for the economy. Optimism about the potential for unemployment to decrease is up seven-points to 40%, while optimism levels for the stock market (47%) and inflation (19%) are essentially unchanged.

The latest survey was conducted by web Nov. 9 – 15, using the Gallup Panel, with 1,709 U.S. adults who have $10,000 or more invested in stocks or bonds, either individually or as part of a retirement or mutual fund. This quarter’s poll includes an oversample of 603 higher-income investors, defined as having $240,000 or more in household income.

“Investors were absorbing a number of significant developments in the economy, politics, and the pandemic at the time of this survey,” said Michael Liersch, head of Advice and Planning for Wells Fargo’s Wealth & Investment Management division. “These ranged from a new surge in COVID-19 infections and the October jobs report, to the Nov. 3 elections and the very first announcements about the high effectiveness of certain COVID-19 vaccines.”

Liersch also says that while these events may have pulled investors’ mindsets in different directions, the net effect is positive, most likely because there is more perceived certainty about the future. “Human beings, in general, are ‘uncertainty reduction machines,’ so when uncertainty is reduced, people often feel better about, or more in control over, what’s to come.”

Nearly two-thirds express confidence in stock market, but some are hedging with cash

In the fourth quarter poll, conducted before the Dow Jones Industrial Average cracked the 30,000 barrier in late November, nearly two-thirds of investors surveyed (65%) say they feel “very” or “somewhat” confident that the stock market is a good way to build wealth for retirement. This percentage is similar to the 69% expressing this sentiment in Q2-2020 as well as in Q2-2019. Similarly, 67% this quarter report feeling either neutral or optimistic about investing, rather than fearful of a market downturn. Although lower than the 78% who reported feeling this way in 2018, today’s 67% remains a solid majority.

Still, Liersch says “the uncertainty and market volatility created by the pandemic may be causing some investors to continue to proceed with more caution than usual.”

While most (69%) say they have made no change to their cash versus investment allocations, 25% report they have kept a greater proportion of their money in cash since the start of the pandemic, significantly outnumbering the 6% who say they have invested a greater proportion in the markets. Even with this, a third of investors surveyed (32%) say they feel they have too little cash on hand, compared with just 7% who say they have too much.

“Investors’ desire for cash makes sense, given that holding cash is one strategy they can employ to exert control over their financial security at a time when so much is out of people’s control,” said Liersch. “Liquidity affords people a sense of short-term control, while long-term they may recognize that they should either be investing or staying the course in the markets. This dynamic can create a bit of inner-conflict when making financial decisions for one’s ‘present’ vs. ‘future’ self. People wonder: Which one should I prioritize during times of uncertainty?”

Indeed, recognition of what is in vs. out of investors’ control is infused in much of their financial lives. Asked how much control they feel they have over various aspects of their financial security, a solid majority (62%) report feeling they have a lot of control over being able to reduce or stay out of debt. This sentiment drops sharply to 30% in terms of saving for a comfortable retirement, 24% for generating the income they need to support their standard of living, 11% for preventing major investment losses, and to just 3% for producing major investment gains. While majorities feel they have at least some control over their debt, income and savings, this is not the case for investment losses and gains.

How much control do you feel you have over the following aspects of your financial security?

A lot of control

Moderate amount

Only a little

None/No control

%

%

%

%

Reducing or staying out of debt

62

32

5

1

Having enough saved for a comfortable retirement

30

52

15

2

Having the income you need to support your standard of living

24

58

15

3

Preventing major investment losses

11

38

41

10

Producing major investment gains

3

33

50

14

Higher-income investors surveyed are more likely than investors overall to feel they have a lot of control over their income (43% vs. 24%), saving for retirement (54% vs. 30%) and staying out of debt (72% vs. 62%). However, they are similar to all investors in feeling they have control over avoiding big market losses (10% vs. 11%) or achieving big market gains (3% each).

Higher-income investors are much more likely than investors on average to say that having a large amount invested in the markets makes them feel more confident about their financial security (67% vs. 37%). Conversely, most investors surveyed say that having a large amount of money in cash makes them feel more confident.

“This finding highlights fundamental similarities and differences between the two groups of investors,” said Liersch. “While investors of all levels of affluence tend to agree that cash is a tool that provides confidence, they tend to differ in their views of investing as a productive tool for their financial future. The question we should ask ourselves is ‘Why?’ These different investor perceptions can drive decision-making and ultimately financial health and outcomes.”

Higher-income investors surveyed are also more risk tolerant than investors as a whole, with 64% saying they are willing to take a lot or a fair amount of financial risk, versus 49% of all investors. Additionally, 20% report currently taking “a good deal of risk,” versus just 5% of all investors.

Investors divided over how election will impact the economy

The 2020 elections also could affect how people look at their plan. Close to half of investors surveyed (46%) say that the results of the 2020 elections make them feel more optimistic about the U.S. economy over the next 12 months, but nearly as many (42%) say it makes them less optimistic. The remaining 12% say the elections have had no impact on their economic outlook.

This nearly split decision on the impact of the elections contrasts with a slightly more positive balance of opinion after the 2016 elections, when 46% of investors felt more optimistic and 38% less optimistic. Today’s reactions are more positive, however, than after the 2012 elections when views tilted negative: 40% felt more optimistic and 48% less optimistic at that time.

Do this year’s presidential and congressional election results make you more optimistic about the U.S. economy over the next 12 months, less optimistic, or have the elections had no impact at all on how you feel about the economy?

More optimistic

Less optimistic

No impact

 

%

%

%

2020 Nov

46

42

12

2016 Nov

46

38

15

2012 Nov

40

48

12

Naturally these attitudes are highly related to the partisan orientation of investors. Eight in 10 Democrats (81%) feel more optimistic about the economy in the wake of President-elect Joe Biden’s victory, and 59% think it will have a positive impact on their net worth. By contrast, nine in 10 Republicans (90%) feel less optimistic about the economy, and 77% foresee it negatively affecting their net worth. These figures represent a reversal of the partisan reaction recorded four years ago following President Donald Trump’s victory, when Republicans were mostly optimistic about the election’s effects, while Democrats felt the opposite.

Liersch, who has a doctorate in behavioral science, says this is the result of what is called confirmation bias — a tendency to seek out information confirming one’s point of view; in this case, whether that is supported by the winning or losing candidate. He says investors who can move beyond that bias tend to be more open-minded and flexible with their investments.

“If we are willing to update our beliefs and assumptions, we can update our plans, too. This is where working with other trusted people can help keep you on your toes, especially if they serve to challenge your beliefs no matter what they are.”

Investments and Insurance Products: NOT FDIC Insured • NO Bank Guarantee • MAY lose Value

About the Wells Fargo/Gallup Investor and Retirement Optimism Index

Results for this Wells Fargo/Gallup Investor and Retirement Optimism Index are based on a Gallup Panel™ web study completed by 1,709 U.S. investors, aged 18 and older, from Nov. 9 – 15, 2020. This quarter’s poll includes an oversample of higher-income investors, defined as having $240,000 or more in household income, resulting in a total of 603 higher-income investors included in this survey.

The Gallup Panel is a probability-based, longitudinal panel of U.S. adults who Gallup selects using random-digit-dial phone interviews that cover landline and cellphones. Gallup also uses address-based sampling methods to recruit Panel members. The Gallup Panel is not an opt-in panel. The sample for this study was weighted to be demographically representative of the U.S. investor population, using demographic targets determined from investor samples within prior Gallup national adult surveys. For results based on this sample, one can say that the maximum margin of sampling error is ±5 percentage points at the 95% confidence level. Margins of error are higher for subsamples.

In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error and bias into the findings of public opinion polls.

For this study, the American investor is defined as an adult in a household with stocks, bonds, or mutual funds of $10,000 or more, either in an investment account or in a self-directed IRA or 401(k) retirement account. About two in five U.S. households have at least $10,000 in such investments. The sample consists of 62% nonretirees and 38% retirees. Of total respondents, 25% reported annual incomes of less than $90,000; 65% reported $90,000 or more. The median age of the nonretired investor is 51 and the retiree is 69. The Wells Fargo/Gallup Investor and Retirement Index is an enhanced version of Gallup’s Index of Investor Optimism, which provides the historical trend data.

The Investor and Retirement Optimism Index has an adjusted baseline score of 100 from when it was established in October 1996. It peaked at +152 in January 2000, at the height of the dot-com boom, and hit a low of -81 in February 2009.

About Wells Fargo Wealth & Investment Management

Wells Fargo Wealth & Investment Management (WIM) is a division within Wells Fargo & Company. WIM provides financial products and services through various bank and brokerage affiliates of Wells Fargo & Company and is one of the largest wealth managers in the U.S., with nearly $1.9 trillion in client assets. WIM serves clients through the following businesses: Wells Fargo Private Bank serves high-net-worth individuals and families; Abbot Downing serves ultra-high-net-worth individuals and families; Wells Fargo Advisors provides investment advice and guidance to clients through nearly 13,000 full-service financial advisors and referrals from more than 5,300 licensed bankers; and Wells Fargo Asset Management brings together a strategic balance of investment capabilities to serve the investment needs of institutions, financial advisors, and individuals worldwide. Through Wells Fargo Private Bank and Abbot Downing, WIM is also a leading provider of trust, investment, and fiduciary services, including personal trust services and a number of specialized wealth services designed to meet the diverse needs of high-net-worth clients.

Abbot Downing, a Wells Fargo business, and Wells Fargo Private Bank offer products and services through Wells Fargo Bank, N.A. and its various affiliates and subsidiaries. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company.

Brokerage services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

Wells Fargo Bank, N.A., offers various advisory and fiduciary products and services including discretionary portfolio management. Wells Fargo affiliates, including financial advisors of Wells Fargo Advisors, a separate non-bank affiliate, may be paid an ongoing or one-time referral fee in relation to clients referred to the bank. The bank is responsible for the day-to-day management of the account and for providing investment advice, investment management services, and wealth management services to clients. The role of the financial advisor with respect to bank products and services is limited to referral and relationship management services.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

News Release Category: WF-ERS

Media

Vince Scanlon, 336.430.9786

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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(Graphic: Wells Fargo)
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(Graphic: Wells Fargo)