SOS Installs Second Batch of 5,000 Cryptocurrency Miners and Gives First Quarter Mining Projections

PR Newswire

QINGDAO, China, March 15, 2021 /PRNewswire/ — SOS Limited (NYSE: SOS) (the “Company” or “SOS”) announced today that it has successfully installed its second fleet of 5,000 cryptocurrency mining rigs. Together with its prior fleet of 5,000 mining rigs, the Company expects the combined fleet to have the capacity to calculate an average of 353 Peta-Hashes per second (PH/s) for mining Bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether (ETH). These hash rates are subject to numerous factors, including down time for maintenance, reconfiguration and other variable factors that may materially impact computing performance in the future.

The Company also announced that on February 24, 2021, it was awarded its first Bitcoin from successful mining activities. SOS Chairman Yandai Wang commented, “This is a significant milestone for our Company. To memorialize this event, SOS is creating a commemorative gold coin that will serve as a tangible representation of our first mined Bitcoin. We anticipate that this will be the first of many future mining successes, as we continue to execute our cryptocurrency mining strategy.”

The Company’s board of directors also commissioned an independent review of the Company’s cryptocurrency mining activities. As part of the review, payments from multiple mining pools were traced to SOS through the public Bitcoin and ETH blockchain ledgers. The review also validated SOS’s control over certain electronic wallets and that the rate of Bitcoin and ETH payouts received in those wallets was generally consistent with the expected productivity of the Company’s deployed fleet based on its hash rate capacity.

The Company expects to generate at least 41 Bitcoins and 909 ETH in the first quarter of 2021, based on various assumptions relating to down time for its fleet, worldwide hash power and other operating conditions. SOS Chief Financial Officer Steven Li elaborated, “These expected mining results reflect only a partial quarter of operations, since our current fleet of mining rigs was only recently installed during the first quarter. Our output should grow in future quarters as we receive and install our third batch of mining rigs and have a full quarter of operations for our current rigs.”

These mining results do not include any financial results for the Company and do not address the Company’s other, non-mining operations, such as the Company’s marketing data, technology and solutions for emergency rescue services. United States generally accepted accounting principles for cryptocurrency mining are complex, emerging and uncertain. Cryptocurrencies may not be recognized as cash or cash equivalents, and mining activities may not qualify for revenue recognition. Cryptocurrencies have no inherent value, are not legal tender recognized by any governmental entity, and might not be able to be converted into fiat currencies. Investors are advised not to place undue reliance on mining results alone, without considering other financial and non-financial metrics.

About SOS Limited

SOS is a high-technology company providing a wide range of services to its corporate and individual members, including marketing data, technology and solutions for emergency rescue services. Recently, SOS began rolling out its cryptocurrency mining business and plans to develop insurance and security management solutions for digital assets and cryptocurrencies. SOS transforms digital technology into data-driven operations through research and development of big data, cloud computing, Internet of Things, blockchain and artificial intelligence. The Company created an SOS cloud emergency rescue software-as-a-service (SaaS) platform with three major product categories: basic cloud (medical rescue card, car rescue card, financial rescue card, mutual assistance rescue card), cooperative cloud (information rescue center, intelligent big data, intelligent software and hardware), and information cloud (News Today, E-Commerce Today). The Company’s corporate clients include insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers and other service providers in the emergency rescue services industry. For more information, please visit: http://www.sosyun.com/.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, our expectations for future financial performance, business strategies or expectations for our business. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. SOS cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Words such as “may,” “can,” “should,” “will,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target,” “look” or similar expressions may identify forward-looking statements. Specifically, forward-looking statements may include statements relating to the Company’s:

  • expected hash rate for its mining rigs;
  • expected mining results for the first quarter of 2021;
  • intention to grow and install more mining rigs;
  • ability to execute its business plan;
  • changes in the market for SOS’ products and services; and
  • expansion plans and opportunities.

These forward-looking statements are based on information available as of the date of this press release and our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

These risks and uncertainties include, but not are limited to, the risk factors described by SOS in its filings with the Securities and Exchange Commission (“SEC”). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to:

  • SOS’s cryptocurrency mining, security and insurance businesses are still under development, with many uncertainties in research of relevant technologies;
  • failure to access a large quantity of power at reasonable costs could significantly increase SOS operating expenses and adversely affect our demand for SOS’s mining machines;
  • shortages in, or rises in the prices of mining machines may adversely affect the Company’s business;
  • any significant or prolonged failure in the data warehouse facilities and data mining facilities that SOS operates or services it provides, including events beyond its control, would lead to significant costs and disruptions and would reduce the attractiveness of its facilities, harm its business reputation and have a material adverse effect on its results of operation;
  • security breaches or alleged security breaches of our data warehouses could disrupt SOS operations and have a material adverse effect on its business, financial condition and results of operation; and
  • Chinese government’s policies and regulatory oversight of crypto currency mining operation;
  • other risks and uncertainties indicated in SOS’s SEC reports or documents filed or to be filed with the SEC by SOS.

Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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SOURCE SOS Limited

John Hancock Retirement debuts plan design analysis dashboard

Gives insight into plan performance and how to help improve retirement readiness among participants through plan design changes

PR Newswire

BOSTON, March 15, 2021 /PRNewswire/ — John Hancock Retirement announced today the availability of a new plan design analysis dashboard which enables an in-depth review of a plan’s retirement readiness across several key metrics and identifies opportunities to improve participant outcomes. The new dashboard analyzes a plan’s data to visualize and quantify how different sponsor match structures and contribution scenarios impact both projected participant replacement ratios and the sponsors’ costs associated with those scenarios.

“Plan design is complex, and it impacts both the sponsor and the participant directly,” said Lynda Abend, chief data officer, John Hancock Retirement. “Sponsors need to not only understand how a plan design change could help participants prepare for retirement, but also how those changes can impact their business. Translating data into tangible information helps facilitate the decision-making discussion.  These dashboards allow for on the spot analysis – the ability for sponsors and financial professionals to review multiple scenarios in a single discussion.”

The dashboard uses up-to-date participant information, including pension and Social Security benefit estimates, to demonstrate how potential changes to contributions could affect estimated participant retirement income replacement.

The results of the plan design analysis dashboard are available for plan sponsors and financial professionals to use collaboratively to make plan design decisions. The results file is available to screen share, to send by email, and to post to the plan sponsor website. The dashboard is currently available for John Hancock Retirement’s open architecture platform.

“Our intent with the dashboard is to give sponsors and advisors a faster and more informed way to make plan design decisions,” added Ms. Abend. “It keeps the focus on the participant by showing the income-replacement ratio impact of various changes, while pragmatically helping the sponsor understand the costs at the same time.”

The projected balances at retirement age and income replacement ratios within the dashboard are hypothetical and for illustrative purposes only. Results are not guaranteed and do not represent current or future performance of any specific account or investment. Due to market fluctuations and other factors, it is possible that investment objectives may not be met. All investments carry a degree of risk, and past performance does not guarantee future results.

About John Hancock Retirement
John Hancock Retirement is the U.S. retirement business of Manulife Investment Management. For nearly 50 years, we’ve helped people plan and invest for retirement; today, we’re one of the largest full-service providers in the United States.¹ We take a hands-on consultative approach based on the idea that no two plans – and no two plan participants – are exactly alike. We partner with plan sponsors, advisors, and third-party administrators to ensure that every plan is personal to the participant and delivers proven results.1

As of December 31, 2020, John Hancock serviced over 51,000 retirement plans with over 3 million participants and over $205 billion in AUMA.2

  1. “2020 Defined Contribution Recordkeeper Survey,” PLANSPONSOR, 2020.
  2. As of December 31, 2020, John Hancock Life Insurance Company (USA) supported 46,973 plans, 1,566,094 participants, and $ 102,310,069,468.17 in AUMA. John Hancock Life Insurance Company of New York supported 2,513 plans, 77,833 participants, and $ 6,052,455,987.28in AUMA. John Hancock Retirement Plan Services, LLC supported 2,128 plans, 1,393,244 participants, and $97,020,284,307.76 in AUMA. Participant Counts reflect all active participants with a balance. Approximate unaudited figures for John Hancock, provided on a U.S. statutory basis.

About Manulife Investment Management 
Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.  

As of December 31, 2020, Manulife Investment Management had CAD$966 billion (US$758 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com. 

John Hancock Investment Management Distributors LLC is the principal underwriter and wholesale distribution broker dealer for the John Hancock mutual funds. Member FINRA, SIPC.

John Hancock Retirement Plan Services LLC offers administrative or recordkeeping services to sponsors and administrators of retirement plans.  John Hancock Trust Company LLC provides trust and custodial services to such plans.  Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, New York.  Product features and availability may differ by state. Securities offered through John Hancock Distributors LLC. Member FINRA, SIPC.

NOT FDIC INSURED. MAY LOSE VALUE. NOT BANK GUARANTEED.

© 2021 John Hancock. All rights reserved.

TSX/NYSE/PSE: MFC  SEHK: 945  

MGR0311211558461

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SOURCE John Hancock Retirement

INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against MultiPlan Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

PR Newswire

LOS ANGELES, March 15, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against MultiPlan Corporation (“MultiPlan” or “the Company”) f/k/a Churchill Capital Corp. III (“Churchill III” or the “Company”) (NYSE: MPLN) for violations of the securities laws

Investors who purchased the Company’s securities between July 12, 2020 and November 10, 2020, inclusive (the ”Class Period”),and all holders of Churchill III Class A common stock entitled to vote on Churchill III’s merger with and acquisition of Polaris Parent Corp. and its consolidated subsidiaries (collectively, “MultiPlan”) consummated in October 2020 (the “Merger”) are encouraged to contact the firm before April 26, 2021. 

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. MultiPlan was losing tens of millions of dollars in sales to NaviGuard, a competitor built by one of its largest customers. NaviGuard threatened 35% of the Company’s sales and 80% of its levered cash flows by 2022. The sales decline leading up to the Merger was not caused by “idiosyncratic” customer behaviors, but by deterioration in demand and increased competition. In fact, the Company was set to face continued troubles including deteriorating pricing dynamics following the Merger. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about MultiPlan, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com 
Office: 310-301-3335
[email protected]

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SOURCE The Schall Law Firm

Poshmark, Inc. Appoints First Chief People Officer

Senior executive brings deep human resources and leadership experience from industry-leading companies including Visa, Gap Inc., Clorox and Oracle

PR Newswire

REDWOOD CITY, Calif., March 15, 2021 /PRNewswire/ — Poshmark, Inc. (NASDAQ: POSH), a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more, today announced the appointment of William Ingham as its first Chief People Officer. In this role, Ingham will be responsible for leading all aspects of the global human resources function, including talent acquisition and retention, rewards and recognition, performance management, organizational development, compensation and benefits, employee training and culture. His first day with the company is today.

Ingham brings more than 25 years of experience to the role. Most recently, Ingham was Chief HR Officer at Visa Europe in London where he was responsible for setting the people and talent strategy for employees in 37 countries across Europe. Prior to Visa, Ingham led International HR for the Banana Republic brand at Gap Inc. where he was responsible for talent programs across Europe, Japan and franchised markets in the Middle East, Central and South America and Asia Pacific. Ingham also acts as an HR Venture Advisor for SemperVirens, an early stage venture capital fund.

“Our people are our most important asset, and with William at the helm, I am confident Poshmark will continue to be a place where our employees can be their true and authentic selves, while making an incredible business impact,” said Manish Chandra, founder and CEO of Poshmark, Inc. “We are at an important inflection point in our company’s history, and I look forward to partnering closely with William to fuel Poshmark’s high-performance culture, reinforce the values we stand for, and scale our teams to power our next phase of growth. I am thrilled to welcome William to the company as we work to make Poshmark’s mission a reality.”

“Few organizations lead with this much love for their people,” said William Ingham, Chief People Officer of Poshmark, Inc. “The highly engaged culture that Manish and the Poshmark team has created is truly special and I look forward to helping them take these strengths to new levels of performance and success. Poshmark has emerged as a recognized leader by making buying and selling simple, social and sustainable, and I could not be more excited to be part of the team redefining the future of shopping.”

As one of the authors of The Rise of HR, Ingham is a frequent speaker at business and talent conferences and is active in inclusion, equity and diversity efforts, especially those dedicated to gender equality. He has deep expertise in organizational design, engagement and performance, talent acquisition, and building leadership teams to drive strong business results.

Ingham attended Western University in London, Ontario, Canada and also received degrees in Communications and Psychology from Evangel University in Springfield, MO.

About Poshmark, Inc.
Poshmark is a leading social marketplace for new and secondhand style for women, men, kids, pets, home, and more. By combining the human connection of physical shopping with the scale, ease, and selection benefits of ecommerce, Poshmark makes buying and selling simple, social, and sustainable. Its community of more than 70 million registered users across the U.S., Canada, and Australia, is driving the future of commerce while promoting more sustainable consumption. For more information, please visit www.poshmark.com, and for company news and announcements, please visit investors.poshmark.com. You can also find Poshmark on Instagram, Facebook, Twitter, TikTok, Pinterest, and YouTube.

Media Contact

[email protected]

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SOURCE Poshmark

Nuvve to Participate in Panel Discussing “Gas Stations of the Future” at the 33rd Annual ROTH Conference on March 17, 2021

Webcasted Panel to be held at 11:00am ET on Wednesday, March 17

PR Newswire

SAN DIEGO, March 15, 2021 /PRNewswire/ — Nuvve Corporation (“Nuvve”), a global leader in vehicle-to-grid (V2G) technology driving the electrification of transportation, today announced that the Company’s Chairman and CEO, Gregory Poilasne, will be participating in a panel at the 33rd Annual ROTH Conference titled “Gas Stations of the Future.” The panel, to be conducted virtually, will be held on Wednesday, March 17, 2021 at 11:00am ET.

To access the panel, please visit: https://wsw.com/webcast/roth35/panel25/2112435.

Nuvve announced recently that it will go public through a business combination with Newborn Acquisition Corp. (Nasdaq: NBAC) (“Newborn”), pursuant to a definitive merger agreement between the parties. The new proposed ticker symbol is “NVVE” to be traded on the Nasdaq.

About Nuvve Corporation
Nuvve Corporation is a San Diego-based green energy technology company whose mission is to lower the cost of electric vehicle ownership while supporting the integration of renewable energy sources, including solar and wind. Our proprietary vehicle-to-grid (V2G) technology – Nuvve’s Grid Integrated Vehicle (GIVe™) platform – is refueling the next generation of electric vehicle fleets through cutting-edge, bidirectional charging solutions. Since our founding in 2010, Nuvve has been responsible for successful V2G projects on five continents and is deploying commercial services worldwide.

Nuvve Press Contact
Marc Trahand, EVP Marketing
[email protected] 
+1 858 250 9740

Nuvve Investor Contact
Lytham Partners
Robert Blum or Joe Dorame
[email protected]
+1 602 889 9700

About Newborn Acquisition Corp.

Newborn Acquisition Corp. is a blank check company, holding approximately $57.5 million in its trust account, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Important Information and Where to Find it

In connection with the proposed business combination between Nuvve and Newborn, Nuvve Holding Corp. (“Nuvve Holdings”), as the successor to Newborn, has filed a registration statement on Form S-4 (the “Form S-4”) with the SEC. The Form S-4 includes a definitive proxy statement/prospectus of Newborn and Nuvve Holdings, which Newborn will file with the SEC as a proxy statement on Schedule 14A, for the solicitation of proxies from Newborn’s shareholders and for the offering of Nuvve Holdings’ securities to the security holders of Newborn and Nuvve in the business combination. Additionally, Newborn and Nuvve Holdings have filed and will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. The definitive proxy statement/prospectus has been mailed to Newborn shareholders as of a record date to be established for voting on the proposed business combination. Investors and security holders of Newborn are urged to read the proxy statement/prospectus and the other relevant materials before making any voting decision with respect to the proposed business combination because they contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation

Newborn and its directors and officers may be deemed participants in the solicitation of proxies of Newborn’s shareholders in connection with the proposed business combination. Nuvve and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Newborn’s executive officers and directors in the solicitation by reading Newborn’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the business combination. Information concerning the interests of Newborn’s and Nuvve’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, is set forth in the proxy statement/prospectus relating to the business combination.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or approval.

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, regarding the proposed business combination between Newborn and Nuvve and Nuvve’s strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Newborn and Nuvve disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Newborn and Nuvve caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either Newborn or Nuvve. In addition, Newborn cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against Newborn or Nuvve following announcement of the transactions; (iii) the inability to complete the business combination due to the failure to obtain approval of the shareholders of Newborn, or other conditions to closing in the merger agreement; (iv) the risk that the proposed business combination disrupts Nuvve’s current plans and operations as a result of the announcement of the transactions; (v) Nuvve’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Nuvve to grow and manage growth profitably following the business combination; (vi) costs related to the business combination; (vii) risks related to the rollout of Nuvve’s business and the timing of expected business milestones; (viii) Nuvve’s dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (ix) Nuvve’s ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system, and Nuvve’s accounting staffing levels; (x) Nuvve’s current dependence on sales of charging stations for most of its revenues; (xi) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (xii) potential adverse effects on Nuvve’s revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (xiii) the effects of competition on Nuvve’s future business; (xiv) risks related to Nuvve’s dependence on its intellectual property and the risk that Nuvve’s technology could have undetected defects or errors; (xv) changes in applicable laws or regulations; (xvi) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xvii) risks related to disruption of management time from ongoing business operations due to the proposed business combination; (xvii) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; and (xix) the possibility that Nuvve may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the proxy statement/prospectus filed by Newborn and Nuvve Holdings with the SEC and in the other reports that Newborn has filed and will file from time to time with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019. Newborn’s and Nuvve Holdings’ SEC filings are available publicly on the SEC’s website at www.sec.gov.

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SOURCE Nuvve Corporation

Tupperware Brands Supports National Park Foundation in the Diversion of Nearly 10 Million Single-Use Plastic Bottles from Landfills Annually

Funding from Tupperware Brands Charitable Foundation Will Equip the National Park Service with New Water Refill Stations, as well as Composting and Recycling Infrastructure and Waste Reduction Education Across the Country

PR Newswire

ORLANDO, Fla., March 15, 2021 /PRNewswire/ — Today, Tupperware Brands Charitable Foundation, the nonprofit arm of Tupperware Brands (TUP) and the National Park Foundation (NPF) announce their collective contribution to support the National Park Service in diverting nearly 10 million single-use plastic bottles from landfills through the installation of water bottle refill stations in national parks, while enhancing infrastructure and education to support composting and recycling in parks.

In October 2020, Tupperware, with a pledge of $1 million, became a premier partner of the National Park Foundation’s Resilience & Sustainability program. Tupperware’s support will focus on critical waste reduction and diversion needs across some of the National Park System’s most visited sites. These projects are in alignment with Tupperware’s goal to reduce waste in parks and protect resources for the enjoyment of current and future generations. These priority projects include:

  • Water refill stations: Single-use plastic bottles are a significant source of waste in parks across the nation. To combat this, funding from Tupperware will support the installation of more than 65 water refill stations at Castillo de San Marcos National Monument (Florida), Fairbanks Alaska Public Lands Information Center (Alaska), Great Basin National Park (Nevada), Wolf Trap National Park for the Performing Arts (Virginia), Wrangell-St. Elias National Park & Preserve (Alaska), and the highly visited National Mall and Memorial Parks (Washington, DC). 
  • Recycling infrastructure and education: At Great Basin National Park and Yellowstone National Park (Idaho, Montana, Wyoming), Tupperware’s support will improve signage to help visitors recycle properly and fund the purchase of new recycling sorting stations. These efforts will teach the growing number of park visitors how to be environmental stewards and how their actions can keep our national parks green.
  • Composting infrastructure: Unused and discarded food is another major source of waste in national parks, and compostable materials account for as much as 40 percent of waste in parks. To decrease food waste, Tupperware will support projects at Klondike Gold Rush National Historical Park (Alaska) and Grand Canyon National Park (Arizona) that improve the parks’ composting initiatives, including the addition of solar panels needed to operate the full-time food waste-composting program. At Grand Canyon, which welcomes more than 5.97 million visitors each year, composting will divert over 1,000 tons of waste from the landfill per year and reduce associated transportation costs.

“We are excited to see how our pledge and support for the National Park Foundation is coming to life with these critical projects across the National Park System,” said Miguel Fernandez, Chief Executive Officer at Tupperware Brands. “Our partnership is based on the shared belief that together, we can nurture a better future if we find new and innovative solutions to reduce waste and increase environmental stewardship. Over the next year, we look forward to seeing how our collective impact will make a difference in keeping our parks fresh for generations to come.”

Funding for these priority projects will also support increased park capacity, as well as knowledge and awareness of recycling and/or composting best practices for both staff and visitors. Projects will also result in greater efficiency related to recycling and composting needs across the park system. 

“Tupperware Brands’ support is central to our commitment to keep our national parks green,” said Will Shafroth, president and CEO of the National Park Foundation. “Thanks to Tupperware’s generous funding, park staff and park visitors are empowered with more sustainable choices that ultimately reduce waste in national parks and benefit all of us.”

Learn more about Tupperware Brands commitment to the National Park Foundation at https://www.tupperware.com/national-park-foundation/. 

About Tupperware Brands Corporation
Tupperware Brands Corporation (NYSE: TUP) is a leading global consumer products company that designs innovative, functional and environmentally responsible products that people love and trust. Founded in 1946, Tupperware’s signature container created the modern food storage category that revolutionized the way the world stores, serves and prepares food. Today, this iconic brand has more than 8,500 functional design and utility patents for solution-oriented kitchen and home products. With a purpose to nurture a better future, Tupperware® products are an alternative to single-use items. The Company distributes its products into nearly 80 countries primarily through independent representatives around the world. For more information, visit Tupperwarebrands.com or follow Tupperware on Facebook, Instagram, LinkedIn and Twitter.

About The National Park Foundation
The National Park Foundation works to protect wildlife and park lands, preserve history and culture, educate and engage youth, and connect people everywhere to the wonder of parks. We do it in collaboration with the National Park Service, the park partner community, and with the generous support of donors, without whom our work would not be possible. Learn more at www.nationalparks.org.

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SOURCE Tupperware Brands Corporation

CNS Pharmaceuticals to Participate in Inaugural Emerging Growth Virtual Conference

PR Newswire

HOUSTON, March 15, 2021 /PRNewswire/ — CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) (“CNS” or the “Company”), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers of the brain and central nervous system, today announced that John Climaco, CEO of CNS Pharmaceuticals will present at the inaugural Emerging Growth Virtual Conference presented by M Vest LLC and Maxim Group LLC. The conference will take place virtually on March 17th  and 18th and will feature roundtable discussions with C-suite executives moderated by Maxim Research Analysts, fireside chats with live Q&A, and presentations from hundreds of issuers both domestically and internationally.

In addition to the presentation, Mr. Climaco will participate in a live glioblastoma panel discussion on Wednesday, March 17th from 9:30-10:30 am ET.

Interested parties are invited to attend the virtual conference and access exclusive content by becoming an M-Vest member and registering HERE. To learn more about the event, please visit the conference website: Emerging Growth Virtual Conference.

About CNS Pharmaceuticals, Inc.
CNS Pharmaceuticals is developing novel treatments for primary and metastatic cancers of the brain and central nervous system. Its lead drug candidate, Berubicin, is proposed for the treatment of glioblastoma multiforme (GBM), an aggressive and incurable form of brain cancer. CNS holds a worldwide exclusive license to the Berubicin chemical compound and has acquired all data and know-how from Reata Pharmaceuticals, Inc. related to a completed Phase 1 clinical trial with Berubicin in malignant brain tumors, which Reata conducted in 2006. In this trial the overall response rate of stable disease or better was 44%. This 44% disease control rate was based on 11 patients (out of 25 evaluable patients) with stable disease, plus responders. One patient experienced a durable complete response and remains cancer-free as of Feb. 20, 2020. These Phase 1 results represent a limited patient sample size and, while promising, are not a guarantee that similar results will be achieved in subsequent trials. During 2021, CNS expects to commence a Phase 2 clinical trial of Berubicin for the treatment of GBM in the U.S., while a sub-licensee partner undertakes a Phase 2 trial (with extensive PK) in adults and a first-ever Phase 1 trial in pediatric GBM patients in Poland. Its second drug candidate, WP1244, is a novel DNA binding agent that has shown in preclinical studies that it is 500 times more potent than the chemotherapeutic agent daunorubicin in inhibiting tumor cell proliferation.

For more information, please visit www.CNSPharma.com.

About M Vest LLC

M Vest LLC is an online investment bank and digital community built for issuers, investors, and thought leaders to share information and access investment opportunities through capital raisings of Regulation D and Regulation A Offerings.  Founded in 2017 and headquartered in New York City, M-Vest provides insights on current equity market trends, hosts presentations from public companies, and provides access to capital for emerging growth companies. M-Vest hosts live conferences and webinars featuring CEOs discussing the latest developments in their industries. M Vest LLC is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC), is a member of FINRA and SIPC, and is a sister company of Maxim Group, LLC. 

About Maxim Group LLC
Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB). Member of FINRA SIPC, and NASDAQ. To learn more about Maxim Group, visit maximgrp.com.

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SOURCE CNS Pharmaceuticals, Inc.

MGM Growth Properties Increases Quarterly Dividend to an Annualized Rate of $1.98 Per Share

PR Newswire

LAS VEGAS, March 15, 2021 /PRNewswire/ — MGM Growth Properties LLC (“MGP”) (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.495 per Class A common share for the first quarter.  On an annualized basis, the dividend of $1.98 represents an increase of $0.03 per share.  This is the 12th dividend increase since MGP’s initial public offering in April 2016.  The dividend will be payable on April 15, 2021 to shareholders of record as of the close of business on March 31, 2021.  

About MGM Growth Properties LLC 

MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGP, together with its joint venture, currently owns a portfolio of properties, consisting of 12 premier destination resorts in Las Vegas and elsewhere across the United States, MGM Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. As of December 31, 2020, MGP’s portfolio of destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park collectively comprised approximately 32,400 hotel rooms, 1.5 million casino square footage, and 3.6 million convention square footage. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries. For more information about MGP, visit the Company’s website at http://www.mgmgrowthproperties.com.

Forward-Looking Statements

This press release includes “forward-looking” statements and “safe harbor statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including those described in MGP’s public filings with the Securities and Exchange Commission. MGP has based forward-looking statements on management’s current expectations and assumptions and not on historical facts. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks related to MGP’s ability to receive, or delays in obtaining, any regulatory approvals required to own its properties, or other delays or impediments to completing MGP’s planned acquisitions or projects, including any acquisitions of properties from MGM; the ultimate timing and outcome of any planned acquisitions or projects; MGP’s ability to maintain its status as a REIT; the availability of and the ability to identify suitable and attractive acquisition and development opportunities and the ability to acquire and lease those properties on favorable terms; MGP’s ability to access capital through debt and equity markets in amounts and at rates and costs acceptable to MGP; changes in the U.S. tax law and other state, federal or local laws, whether or not specific to REITs or to the gaming or lodging industries; and other factors described in MGP’s periodic reports filed with the Securities and Exchange Commission. In providing forward-looking statements, MGP is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGP updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

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SOURCE MGM Growth Properties LLC

SEI’s Collective Investment Trust Business Experiences Significant Growth

Target-Date Fund CITs Gaining Momentum, SEI’s CIT Business Benefits from U.S. Retirement Market Trends

PR Newswire

OAKS, Pa., March 15, 2021 /PRNewswire/ — SEI (NASDAQ:SEIC), a leading global provider of investment processing, investment management, and investment operations solutions, announced today that its collective investment trust (CIT) business has surpassed $100 billion in assets under administration   (AUA) as of Dec. 31, 2020, representing a 20.5% increase in the firm’s AUA from a year ago. Through SEI Trust Company, SEI launched 39 funds across 11 global investment managers, adding over $17.3 billion in CIT assets in 2020.

The growth of SEI’s CIT business is driven by its established turnkey operational platform and experienced, professional staff, enabling investment managers, retirement plans, consultants and advisors an efficient way to gain access to SEI’s extensive CIT line-up. SEI’s growth is further driven by other industry factors, including continued fee pressure and the demand for customized investment solutions for the retirement plan market. Investment managers often work with SEI to establish CIT options pursuing the same strategies as their standard fund offerings. Often these retirement market-focused CITs can be offered at a lower price point than competing products. By doing so, these managers are seeing positive results and meaningful upticks in their retirement businesses. 

According to Callan’s “2020 Defined Contribution Trends Survey,” approximately 78% of plan sponsors said last year that CITs are on their investment menus, an 11% increase from 2019. Callan further claims that the number of retirement plans that offer CITs to participants is growing, and in the next few years, that number could surpass that of mutual fund offerings. Nearly 60% of plan sponsors surveyed by Callan said they are likely to move to lower-cost investment vehicles in 2021.  

With the growing trend in product customization, CIT target-date funds are poised to become the target-date vehicle of choice among plan sponsors and investment managers alike. Callan’s report cited that target-date strategies offered via CITs have played a big part in the vehicle’s growth. About 40% of all target-date assets, or $800 billion, resided in CITs as of March 2020, according to Morningstar’s “2020 Target-Date Strategy Landscape” report. This was up from less than 20% in 2014.  

“Many of our clients are adding target-date fund CITs to their investment portfolios to meet the customization requirements of plan sponsors and consultants,” said John Alshefski, Senior Vice President and Managing Director of SEI’s Investment Manager Services division. “CITs also offer investment managers and plan sponsor investors access to a wide variety of asset classes and multiple fee classes based on their size and relationship.” 

Nuveen, the global investment manager of TIAA, has benefited from SEI’s turnkey platform by expanding its target-date fund solution with the addition of the Nuveen TIAA Lifecycle Index CIT series. Nuveen’s CIT series will further complement the firm’s existing TDF suite, which includes an offering of active, passive and blended strategies. Nuveen’s CIT series will now offer a passive target-date strategy in both a mutual fund (TIAA-CREF Lifecycle Index Funds) and a CIT solution. SEI Trust Company is the trustee for Nuveen’s CIT series, providing them with fiduciary and investment management oversight.

“Nuveen is aggressively seeking ways to meet the needs of plan sponsors and participants, and we are doing so by enhancing our target-date fund suite with new strategies and products,” said Jeff Eng, Managing Director and Head of Retirement Products at Nuveen.  “With the launch of Nuveen’s Lifecycle Target Date Blend and Index CIT series, and the benefits of utilizing SEI’s platform, our firm continues to grow and evolve in the retirement market,” said Eng. 

With over 30 years of expertise servicing CITs, SEI’s turnkey operational platform and its team of dedicated professionals support asset managers’ and plan sponsors’ unique demands. As of Dec. 31, 2020, through SEI Trust Company, SEI services over 450 collective investment funds and 120 collective investment trusts, and works closely with over 135 global asset managers.

About SEI’s Investment Manager Services Division 
SEI’s Investment Manager Services supplies investment organizations of all types with advanced operating infrastructure they must have to evolve and compete in a landscape of escalating business challenges. SEI’s award-winning global operating platform provides investment managers and asset owners with customized and integrated capabilities across a wide range of investment vehicles, strategies and jurisdictions. Our services enable users to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. SEI partners with more than 550 traditional and alternative asset managers, as well as sovereign wealth funds and family offices, representing nearly $30 trillion in assets, including 49 of the top 100 asset managers worldwide*. For more information, visit seic.com/ims.

*Based on Pensions & Investments’ “Largest Money Managers” 2019 ranking.

About SEI Trust Company
SEI Trust Company (the “Trustee”) serves as the Trustee of the Fund and maintains ultimate fiduciary authority over the management of, and the investments made, in the Fund. The Fund is part of a Collective Investment Trust (“the Trust”) operated by the Trustee.  The Trustee is a trust company organized under the laws of the Commonwealth of Pennsylvania and a wholly owned subsidiary of SEI Investments Company (SEI).

About SEI
After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions designed to help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of Dec. 31, 2020, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers approximately $1 trillion in hedge, private equity, mutual fund and pooled or separately managed assets, including approximately $369 billion in assets under management and $787 billion in client assets under administration. For more information, visit seic.com.

About Nuveen 
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of 31 Dec 2020 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

The Trust is for the collective investment of assets or participating tax qualified pension and profit sharing plans and related trusts, and government plans as more fully described in the Declaration of Trust. As bank collective trusts, the Trust is exempt from registration as an investment company.  The Trust is managed by SEI Trust Company, the trustee, based on the investment advice of Nuveen Fund Advisors, LLC and its affiliated advisers who serve as sub-advisers to certain CITs.  For more information, please see the offering documents for the Trust, available from SEI Trust Company.



Company Contact:

  


Media Contact:

Leslie Wojcik  

Eric Hazard

SEI  

Vested

+1 610-676-4191 

+1 214-734-8203


[email protected] 


[email protected]

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SOURCE SEI Investments Company

Auger Drill Program Underway at the Southern Gold Line Project, Sweden

PR Newswire

VANCOUVER, BC, March 15, 2021 /PRNewswire/ – Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) (the “Company” or “Capella”) is pleased to advise that an auger till sampling program is now underway on the Rötjärnen claim block, which lies at the southern end of the Company’s Southern Gold Line Project, Sweden. The primary aim of this till sampling program is to provide geochemical vectors towards potential sources for the gold-mineralized boulders identified on surface at Rötjärnen.

Planning is also well advanced for the initiation of early-Spring field activities on the Southern Gold Line, including the undertaking of a high-resolution drone magnetic survey over key target areas and the continuation of low-cost regional reconnaissance Bulk Leach Extractable Gold (“BLEG”) sampling over the remainder of this highly prospective, 500 square kilometre property package. 

Highlights

  • An auger till sampling program is now underway on the southernmost Rötjärnen claim at the Southern Gold Line Project, Sweden (Figures 1-3). The Hilti auger drill program has been designed to identify vectors (so-called “glacial dispersion plumes”) to potential source regions of the gold-mineralized boulders previously identified on surface at Rötjärnen.  Auger drilling is a highly effective, industry-standard exploration tool used in the shallow till-covered terrains of northern Scandinavia.
  • Reconnaissance diamond drilling completed between 2006 and 2011 on an area located approximately 4km NW of the main gold-mineralized boulder field at Rötjärnen was focused on individual magnetic anomalies within a regional flexure zone. Whilst anomalous gold values are reported from some holes (SGU Geological Survey of Sweden project reports), no systematic work has been completed since along strike from these intercepts.
  • Planning is also well advanced for the initiation of early-Spring field activities on the Southern Gold Line, including the undertaking of a high-resolution drone magnetic survey over key target areas and the continuation of regional reconnaissance BLEG sampling over the remainder of the claim block. 

Link to figures: https://capellaminerals.com/site/assets/files/6010/2021_03_15_sgl_update.pdf

Eric Roth, Capella’s President and CEO, commented today: “I am very pleased to be reporting the commencement of auger drilling on our Rötjärnen claim at the Southern Gold Line. Previous exploration activities have already resulted in the successful discovery of gold-bearing boulders on surface at Rötjärnen, with the auger drilling now assisting us with the task of vectoring in to potential source areas. Auger drilling is a highly effective exploration tool used in those parts of northern Scandinavia where thin glacial till cover commonly masks prospective gold targets. 

With the imminent arrival of Spring we are also well advanced with planning for further fieldwork, including the undertaking of a high resolution drone magnetic survey and the restarting of our low-cost regional BLEG sampling program. I look forward to keeping the market updates as our drill target prioritization activities advance at the Southern Gold Line”.

About the Southern Gold Line Project

The Southern Gold Line project is located 100 km WSW of the regional administrative centre of Skelleftea in north-central Sweden, and was acquired from EMX Royalty Corp (TSXV: EMX) (NYSE American: EMX) – together with two high-grade copper projects in Norway, Løkken and Kjøli – in a deal announced on August 11, 2020. The project consists of 500 square kilometres (50,000ha) of mineral claims located in the immediate vicinity of Dragon Mining Ltd’s Fäboliden development project and Svartliden gold mine1. Further to the north of Svartliden lies Agnico Eagle/Barsele Minerals’s Barsele gold deposit (0.3Moz Au Indicated Resource and 2Moz Au Inferred Resource; Source – Barsele Minerals Inc. NI 43-101 Mineral Resource Estimate dated February 21, 2019).

The Southern Gold Line exploration concessions cover areas with similar geologic and structural settings to known gold deposits within the broader Gold Line belt, specifically orogenic gold deposits located at or near granitoid-greenstone contacts. Host rocks to the gold mineralization are Paleo-Proterozoic in age. Reconnaissance sampling and mapping programs are underway over the entire claim block, with the initial BLEG samples having been collected across portions of the licenses showing multiple areas with enrichment of gold in stream sediments. Auger drilling in the highly prospective southern Rötjärnen claim – where gold-mineralized boulder trains have been identified on surface – is now underway. 


1 References made to nearby mines and analogous deposits provide context for the Southern Gold Line project but are not necessarily indicative that the project hosts similar tonnages or grades of gold mineralization.

Qualified Persons and Disclosure Statement

The technical information in this news release relating to the Southern Gold Line project has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, the Company’s President & CEO, a Director, and a Qualified Person under NI 43-101.  Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has 30 years of experience in international minerals exploration and mining project evaluation.

On Behalf of the Board of Capella Minerals Ltd.


“Eric Roth”



___________________________


Eric Roth, Ph.D., FAusIMM

President & CEO

About Capella Minerals Ltd

Capella is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and copper deposits. The Company’s precious metals focus is on the discovery of high-grade gold deposits on its recently acquired Southern Gold Line Project in Sweden, in addition to its active Canadian Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba). The Company also retains a residual interest (subject to an option to purchase agreement with Austral Gold Ltd) in the Sierra Blanca gold-silver epithermal project in Santa Cruz, Argentina.

The Company’s copper focus is on the discovery of high-grade massive sulfide (VMS-type) deposits within district-scale land positions around the past-producing Løkken and Kjøli copper mines in central Norway. Field activities are ongoing on all projects, with the primary focus being to advance priority targets through the permitting process and onwards to drilling and discovery.



Cautionary Notes and Forward-looking Statements


This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of Capella, including the timing, completion of and results from the exploration and drill programs described in this release.  Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by Capella in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading “Risks and Uncertainties” in Capella’s most recently filed MD&A. Capella does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

 

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SOURCE Capella Minerals Limited