National CineMedia, Inc. to Participate in Upcoming Conference

National CineMedia, Inc. to Participate in Upcoming Conference

CENTENNIAL, Colo.–(BUSINESS WIRE)–
National CineMedia, Inc. (NASDAQ: NCMI) (“the Company” or “NCM”), the managing member and owner of 48.0% of National CineMedia, LLC (“NCM LLC”), the operator of the largest cinema advertising network reaching movie audiences in the U.S, is scheduled to participate in the following upcoming conference:

  • The Road Ahead, Preparation for 2021: MKM Partners Virtual Conference to be held virtually on December 15-16, 2020. The Company’s CEO, Tom Lesinski, and SVP Finance, Ted Watson, will be presenting at 2:30 PM EST on December 15, and will be hosting one-on-one meetings with investors throughout both days of the conference.

A link to live audio webcasts, where applicable, and copies of any related presentation materials will be made available at the Investor Relations section of the Company’s website at www.ncm.com.

About National CineMedia, Inc.

National CineMedia (NCM) is America’s Movie Network. As the largest cinema advertising network in the U.S., we unite brands with the power of movies and engage movie fans anytime and anywhere. NCM’s Noovie pre-show is presented exclusively in 57 leading national and regional theater circuits including AMC Entertainment Inc. (NYSE:AMC), Cinemark Holdings, Inc. (NYSE:CNK) and Regal Entertainment Group (a subsidiary of Cineworld Group PLC, LON: CINE). NCM’s cinema advertising network offers broad reach and unparalleled audience engagement with over 20,600 screens in over 1,600 theaters in 190 Designated Market Areas® (all of the top 50). NCM Digital goes beyond the big screen, extending in-theater campaigns into online and mobile marketing programs to reach entertainment audiences. National CineMedia, Inc. (NASDAQ:NCMI) owns a 48.0% interest in, and is the managing member of, National CineMedia, LLC. For more information, visit www.ncm.com and www.noovie.com.

INVESTOR CONTACT:

Ted Watson

800-844-0935

[email protected]

KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Mobile/Wireless Technology Entertainment Public Relations/Investor Relations Marketing Advertising Communications Audio/Video Film & Motion Pictures Social Media

MEDIA:

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IIROC Trade Resumption – TCL.B

Canada NewsWire

TORONTO, Dec. 10, 2020 /CNW/ – Trading resumes in:

Company: Transcontinental Inc.

TSX Symbol: TCL.B

All Issues: Yes

Resumption (ET): 11:15 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

The Canadian Vaping Association responds to Minister Christian Dubé’s proposed policy

BEAMSVILLE, Ontario, Dec. 10, 2020 (GLOBE NEWSWIRE) — Following the recommendations in the report from the National Director of Public Health released this morning, Minister of Health and Social Services, Christian Dubé, has stated his intention to implement further restrictions and prohibitions to the current provincial vaping regulations.

The Canadian Vaping Association (CVA) has been a consistent advocate for strong youth protection measures and has worked with many governments to create a framework that balances youth protection with adult access. While our organization agrees with some of the proposed measures, others will have the unintended consequence of pushing ex-smokers back to smoking.

While the CVA commends Minister Dubé on his initiatives to protect youth, effective policy does not prohibit these products altogether, but instead restricts their sale to age-restricted specialty stores. Which by the Government of Quebec’s own admission, meet a high standard of conformity in age verification and denying access to minors.

There is significant data to suggest that high nicotine concentrations, not flavours, are the primary driver for youth use. However, as demonstrated in Ontario and British Columbia the problem is not solely high nicotine concentrations but unrestricted access to these products. There is a segment of adult smokers who rely on high nicotine products to prevent relapsing to combustible tobacco. Restricting their sale to age-restricted specialty stores eliminates youth access points.

Moreover, the CVA agrees with banning new outlets from opening within 250 meters of a school. This is an appropriate measure to prevent straw buying by older students. Additionally, we agree with the recommendations for warnings, health risks, and unappealing packaging, however these policy recommendations have previously been addressed by the federal Tobacco and Vaping Products Control Act (TVPA). The TVPA has mandated that vapour products sold within Canada must contain specific health warnings and addiction statements and prohibits packaging that may be appealing to young persons. In effect, all regulated e-liquid currently available within the Canadian market is unappealing to youth.

The idea that flavoured vaping products contribute to youth vaping is a common misconception that has been discredited by the Centers of Decease Control and Prevention (CDC). According to the CDC report “Tobacco Product Use and Associated Factors Among Middle and Highschool Students”, 77.7 percent of young people indicated that they vape for reasons other than “because e-cigarettes are available in flavours, such as mint, candy, fruit or chocolate.” The most common reason for use among youth was, “I was curious about them.”

Furthermore, the study, “Associations of Flavored e-Cigarette Uptake With Subsequent Smoking Initiation and Cessation,” conducted by Yale researchers concluded that, “adults who began vaping non tobacco-flavored e-cigarettes were more likely to quit smoking than those who vaped tobacco flavors. More research is needed to establish the relationship between e-cigarette flavors and smoking and to guide related policy.” The researchers went on to state, “While proposed flavour bans are well-intentioned, they have disastrous outcomes. Legislation on vaping flavours must take the facts of smoking cessation and harm reduction into account, and we urge legislators against the widespread implementation of such bans.”

To understand the harm that a flavour ban causes to public health, we need only look to Nova Scotia. Immediately following the province’s decision to ban flavours, traditional cigarette sales experienced an unprecedented increase. Prompting the president of the Atlantic Convenience Store Association to release a statement urging Nova Scotia to reconsider the ban considering the dramatic spike in cigarette sales. Additionally, polling from Abacus Data found that nearly 30% of adult vapers were at risk of returning to combustible tobacco.

Given Minister Dubé’s intention to implement vape specific taxation, the CVA must again reiterate that taxing a harm reduction product is counter productive, as it discourages improvements to public health. Taxing vaping has the same effect on smoking rates as a flavour ban. In all cases where taxation was introduced, smoking rates increased as a result. As more global jurisdictions implement vape specific taxation, there is increasing data proving that taxation is harmful to public health.

For example, Minnesota conducted a study, “The impact of E-cig taxes on smoking rates: Evidence from Minnesota,” which found that taxing vaping products would lead to an 8.1% increase in tobacco use and a smoking cessation decrease of 1.4%. It also found that if vapour products had not been taxed an additional 32,400 adults would have quit smoking.

Furthermore, the study by the National Bureau of Economic Research also concluded that taxing vapour products increases smoking rates. “While cigarette taxes reduce cigarette use and e-cigarette taxes reduce e-cigarette use, they also have important interactions with each other. E-cigarettes and cigarettes are economic substitutes. So, if you raise taxes on one product, you will increase use of the other,” said Michael Pesko, a health economist and assistant professor at Georgia State University, in a statement.

Pesko and other researchers drew upon sales data from 35,000 retailers across the nation for a seven-year period and concluded that for every 10 percent increase in e-cigarette prices, sales of the vaping product dropped 26 percent. The higher tax on e-cigarettes resulted in an 11 percent increase in sales of traditional cigarettes, the researchers concluded. “We estimate that for every one e-cigarette pod no longer purchased as a result of an e-cigarette tax, 6.2 extra packs of cigarettes are purchased instead,” Pekso said. “The public health impact of e-cigarette taxes in this case is likely negative.”

The CVA respects the Government of Quebec’s mission to protect youth from nicotine experimentation and addiction. Yet, it is crucial that the Government of Quebec, understand that the CVA shares this goal. Independent vape businesses were created to solve the problem created by tobacco. Although often wrongfully viewed as an extension of tobacco, the sole purpose of the independent vape industry is to help adult smokers reduce their harm.

As it stands, the policy set out by Minister Dubé is a boon to Big Tobacco and harmful to adult smokers.

“The data from Nova Scotia demonstrates the province’s failure to regulate in the interest of public health. As a result, Nova Scotia has failed its citizens. We urge Quebec not to follow this disastrous path. The CVA, calls on government to ensure the industry is included in the regulatory process. Collectively we can ensure policy is effective and science driven,” said John Xydous, Regional Director of the CVA.

For more information please contact :

John Xydous
Regional Director
[email protected]
+1 514 701.7127



RMG Acquisition Corporation II Announces Pricing of $300,000,000 Upsized Initial Public Offering

RMG Acquisition Corporation II Announces Pricing of $300,000,000 Upsized Initial Public Offering

NEW YORK–(BUSINESS WIRE)–
RMG Acquisition Corporation II (the “Company”) announced today that it priced its initial public offering of 30,000,000 units, upsized from 25,000,000 units, at $10.00 per unit. The units will be listed on The Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “RMGBU” beginning December 10, 2020. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on Nasdaq under the symbols “RMGB” and “RMGBW,” respectively.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The Company intends to capitalize on the ability of its management team to identify, acquire and operate businesses across a broad range of sectors that may provide opportunities for attractive long-term risk-adjusted returns.

BofA Securities and Barclays are acting as joint book-running managers in the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or by emailing [email protected]; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: [email protected], tel: 888-603-5847.

A registration statement relating to the securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 9, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contact:

Philip Kassin

President

RMG Acquisition Corporation II

50 West Street, Suite 40C

New York, NY 10006

Telephone: (212) 785-2579

Email: [email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Scott+Scott Attorneys at Law LLP Announces Filing of Securities Class Actions Against Splunk, Inc. (SPLK)

Scott+Scott Attorneys at Law LLP Announces Filing of Securities Class Actions Against Splunk, Inc. (SPLK)

NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, announces that a pending class action lawsuit has been filed against Splunk, Inc. (“Splunk” or the “Company”) (NASDAQ: SPLK) and certain of its officers and directors alleging violations of federal securities laws. If you purchased Splunk securities between October 21, 2020 and December 2, 2020, inclusive (the “Class Period”), you are encouraged to contact Scott+Scott attorney Joe Pettigrew for additional information at (844) 818-6982 or [email protected].

Splunk provides software solutions that ingest data from different sources including systems, devices and interactions, and turn that data into “meaningful business insights” across the organization. Splunk states that its “Data-to-Everything platform enables users to investigate, monitor, analyze and act on data regardless of format or source.”

The lawsuit alleges that Splunk made materially false and/or misleading statements and/or failed to disclose that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; and (2) Splunk was not hitting the financial targets it had previously announced.

On December 2, 2020, after the market closed, Splunk announced its financial results for the third fiscal quarter of 2021, ended October 31, 2020. Among other disappointing news, Splunk reported total revenues of $559 million, down 11% year-over-year and which missed estimates by nearly $60 million. The Company also held an earnings call with analysts on December 2, 2020, in which the Company admitted that despite having reiterated its 2021 third quarter guidance just ten days before the close of the quarter, that these results fell “certainly short of both our expectations and our communication of those expectations.”

This news stunned the market, leading analyst JPMorgan to write that it was “blindsided by the magnitude of too many large deals slipping in the final days of October.”

On this news, the stock price of Splunk plummeted, closing at $158.03 per share on December 3, 2020, down over 23% from the December 2, 2020 closing price of $205.91 per share.

What You Can Do

If you purchased Splunk securities between October 21, 2020 and December 2, 2020, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Joe Pettigrew at (844) 818-6982 or [email protected]. The lead plaintiff deadline is February 2, 2021.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.

Attorney Advertising

Joe Pettigrew

Scott+Scott Attorneys at Law LLP

230 Park Avenue, 17th Floor, New York, NY 10169-1820

(844) 818-6982

[email protected]

KEYWORDS: California New York United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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IIROC Trading Halt – TCL.B

Canada NewsWire

TORONTO, Dec. 10, 2020 /CNW/ – The following issues have been halted by IIROC:

Company: Transcontinental Inc.

TSX Symbol: TCL.B

All Issues:Yes

Reason: Pending News

Halt Time (ET): ‎10‎:‎41‎ ‎AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

Moore Kuehn Encourages EIGI, COP, XLNX, and GV Investors to Contact Law Firm

NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) — 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:


  • 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.


  • ConocoPhillips


    (NYSE: COP)

A shareholder vote has been scheduled for January 15, 2021 regarding ConocoPhillips’ acquisition of Concho Resource.   Under the proposed transaction, shareholders of Concho will receive 1.46 shares of ConocoPhillips per share.   The investigation concerns whether the merger is fair to ConocoPhillips’ shareholders.


  • Xilinx, Inc.


    (NASDAQ:


    XLNX


    )

A registration statement was recently filed with the SEC regarding Advanced Micro Devices’ 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.


  • The Goldfield Corporation (NYSE:


    GV


    )

A tender offer expiring on December 29th was commenced by First Reserve to acquire Goldfield for $7.00 per share. The solicitation statements filed with the SEC in support of the acquisition may omit material information regarding the financial metrics and analyses used to evaluate the merger.  

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



BORAL LIMITED INVESTOR ALERT: BOALY, BOALF Investors Who Have Suffered Significant Losses Encouraged to Contact Kehoe Law Firm, P.C.

PHILADELPHIA, Dec. 10, 2020 (GLOBE NEWSWIRE) — Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of shareholders of Boral Limited (“Boral” or the “Company”) (OTC: BOALY, BOALF) to determine whether the Company engaged in securities fraud or other unlawful business practices.

On December 5, 2019, Boral stated “. . . that it has identified certain financial irregularities in its North American Windows business, involving misreporting including in relation to inventory levels and raw material and labour costs at [its] Windows plants,” as well as that “. . . it is estimated the irregularities relating to the period between September 2018 and October 2019 will result in a one-off impact on earnings before interest, tax, depreciation and amortisation (EBITDA) in the order of US$20 million to US$30 million.”

On February 10, 2020, Boral stated that an “. . . investigation determined that finance personnel within the Windows business manipulated accounts and financial statements primarily to artificially inflate the overall profitability and health of the Windows business. The investigation found no evidence that the manipulations were to hide systematic theft of raw materials or finished goods inventory. The misconduct occurred over an approximately 20-month period to the end of October 2019.”

On this news,
Boral’s American Depositary Receipt price fell 7.83% to close at $12.72 per share on February 10, 2020, thereby injuring investors.


BORAL


INVESTORS WHO HAVE SUFFERED SIGNIFICANT FINANCIAL LOSSES

ARE ENCOURAGED TO
COMPLETE KEHOE LAW FIRM’S

SECURITIES CLASS ACTION QUESTIONNAIRE

OR CONTACT
KEVIN CAULEY, DIRECTOR, BUSINESS DEVELOPMENT, (215) 792-6676, EXT. 802,

[email protected]

,

[email protected]

,
TO

DISCUSS THE SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct.  Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.   

This press release may constitute attorney advertising.



CAST removes major barrier to cloud container adoption

NEW YORK and PARIS, Dec. 10, 2020 (GLOBE NEWSWIRE) — CAST, the category leader in Software Intelligence, today announced a major technological advancement to speed up the time to benefit of application containerization.

Adopting containers when migrating software applications to the cloud has become widely accepted as they offer advantages over traditional lift-and-shift approaches including better scalability, flexibility, and management. However, containerization can be challenging as it often requires application source code to be modified (or refactored) beforehand. Understanding exactly where and how an application needs to change can be akin to finding needles in haystacks, where each haystack is comprised of millions of lines of code.

Faster
Container
ization

CAST Highlight, a software intelligence solution for rapid analysis of application portfolios, has introduced a new capability to identify where and how applications need to be modified for containerization. CAST Highlight can analyze the source code of an entire application portfolio in days and identify the best candidates for modernization and cloud migration, enabling organizations to prioritize their roadmaps based on facts.

The new container insights capability of CAST Highlight automatically discovers specific source code patterns that prevent adoption of containers (called Blockers) and makes precise recommendations on how to remove these Blockers in the source code. This enables organizations to adopt container technologies such as Docker, Kubernetes, and OpenShift in days versus weeks or months. Furthermore, CAST Highlight provides effort estimates to remove Blockers and recommendations for use of cloud native services so that containerization can happen faster and with less rework due to the accuracy of recommendations.

Adoption
in Public and Private Sector
s

Digital leaders from organizations such as BCG, IBM, Microsoft, Wells Fargo, AT&T, and Volkswagen are already leveraging CAST Highlight to accelerate the modernization and cloud migration of custom-built applications, the brains of the business.

Adoption is accelerating in the public sector too, such as within the United States Department of Defense, where several military branches are deploying CAST Highlight to speed up their application modernization programs.

The US DoD deployments of CAST Highlight are designed to enable software intensive programs to adopt the native cloud services that improve mission support and enable warfighters. CAST Highlight is being rolled out to move DoD branches beyond simple ‘lift and shift’ by empowering their program offices with objective evaluation of software cloud readiness of their custom software assets. Enterprise branches adopting CAST Highlight include: Air Force DevOne/CloudOne, Navy Commercial Cloud Services, and Army Enterprise Cloud Management Office.

All new capabilities of CAST Highlight are available today.

For more information, please contact Stephanie Watkins at [email protected].

About CAST

CAST is the pioneer and category leader in Software Intelligence, providing insight into the structural condition of software assets. CAST technology is renowned as the most accurate “MRI for Software”, which delivers actionable insights into software composition, architectures, database structures, critical flaws, quality grades, cloud readiness levels and work effort metrics. It is used globally by thousands of forward-looking digital leaders to make objective decisions, accelerate modernization, and raise the security and resiliency of mission critical software. Visit castsoftware.com.



NONPROFIT ORGANIZATION SENDING CRITICAL MEDICAL SUPPLIES TO NEWBORNS IN SOUTH ASIA

“During the COVID-19 pandemic, our services are needed more than ever”

BOSTON, MASSACHUSETTS, Dec. 10, 2020 (GLOBE NEWSWIRE) — BOSTON, MASSACHUSETTSThe Giving Cradle is more than just a cradle designed for safely sleeping babies. It’s a simple, effective answer to one of the world’s most difficult problems.

 

“There are so many millions of infants who die before their first birthday, and so many hundreds of thousands of women who die in pregnancy each year around the world, and during the COVID-19 pandemic, our services are needed more than ever” says Giving Cradle Founder and CEO, Dr. Karima Ladhani. “80% of those deaths are completely preventable.”

 

The Giving Cradle was designed as part of the Barakat Bundle, a package of crucial medical items (like a digital thermometer, and an umbilical cord clamp) and health education information (about handwashing and breastfeeding) for women giving birth in South Asia. It comes with an agreement, that you must give birth in a health center.

 

The Barakat Bundle initially started using commercially-available cradles, bought off Amazon. After conducting focus groups with more than 100 mothers in India, they realized that there was nothing that was a good fit.

 

“Either because of weather, or because of culture, or because of traditional practices,” says Ladhani. “So that experience that led us to say, okay, the cradle that matches what they’re looking for isn’t on the market–but we can create something.”

 

“So, we decided to create a cradle that met both needs and wants. Because, ultimately, this is serving as an incentive. For mothers to receive the bundle as a whole, they have to give birth in a health center—and it wasn’t going to be a digital thermometer or some clothes for the baby that convinced them. It was this cradle—that’s what people wanted.”

 

Bamboo was the perfect material.

 

“We decided on bamboo, because it’s indigenous to India, aesthetically it fits in homes from high-income to low-income, and there’s a lot of eco-friendly properties,” says Ladhani.

 

“We decided it needed to rock. Families in India, keeping their babies while they sleep, used a little makeshift hammock made out of a sari, a very traditional cloth. Mothers could be in one room cooking over a cookstove. They’d tie a string to one corner of the hammock, and a string to a toe, and they’d rock their baby to sleep. So rocking was an absolutely essential feature.”

 

The mesh sides keep the baby cool, ventilated and always visible. The Giving Cradle is also lightweight, and strong. Mothers can easily tote it indoors and outdoors as needed. It has a fitted bug net, to prevent mosquito-borne illnesses like malaria. It comes with a waterproof mattress and fitted sheet.

 

The Giving Cradle proved overwhelmingly popular—and not just in India.

 

“As we were developing this cradle for South Asia, we started hearing from our friends in North America, ‘This is an amazing cradle. We would actually love this here.’” says Ladhani. “We realized there was an opportunity for families here to have a Giving Cradle, while also supporting the mission of Barakat Bundle. We were already undergoing the process for testing to meet Canadian and U.S. safety standards, even though those aren’t required for India.”

 

The Giving Cradle has been safety-certified by the Juvenile Products Manufacturing Association and meets the American Academy Pediatrics’ recommendations for a safe infant sleep environment.

 

A Giving Cradle can be purchased at givingcradle.com for $150. 100% of the proceeds go to support Barakat Bundle, to support mothers and newborns in South Asia.

 

“The idea is that by selling the Giving Cradle here, families have an opportunity to provide a safe sleep space for their newborn, but also to provide a safe sleep space (plus all of the other items in the Barakat Bundle) for a newborn in need in South Asia,” says Ladhani. “We think that’s a beautiful way to start a legacy of giving for a newborn here.”

 

About Giving Cradle

Giving Cradle creates safety-certified newborn products for newborns around the world. It is part of the non-profit organization Barakat Bundle. www.givingcradle.com

 

About Barakat Bundle:

Barakat Bundle is an award-winning 501(c)(3) non-profit that creates life-saving care and

education bundles for mothers and newborns in need in South Asia. www.barakatbundle.org.

 

Attachments



Saul Markowitz
Markowitz Communications
412-977-8517
[email protected]