Telos Announces Supply Chain Risk Management Offering

New Xacta offering will help organizations navigate critical cybersecurity supply chain risks.

ASHBURN, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) — Telos® Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, today announced the release of its supply chain risk management (SCRM) offering for Xacta.

The Xacta SCRM offering will help organizations understand the security risks and compliance gaps within their supply chain, allow them to prioritize and manage remediation efforts, verify due-care via a robust body of evidence and automated reporting, and continuously manage supply chain risk over time.

“Supply chain risk management is a critical function for any organization, which has been underlined by the recent SolarWinds breach,” said John B. Wood, CEO and chairman, Telos. “As a leader in the security risk management and compliance space, we are committed to helping organizations manage critical cybersecurity risks associated with the supply chain. A properly managed supply chain is not only essential to an organization’s security posture, but also crucial to the security of our nation.”

The Xacta SCRM offering will help organizations assess and manage risk against internationally recognized supply chain standards like the National Institute of Standards and Technology (NIST) SP 800-171 and SP 800-161, and frameworks like the NIST Cybersecurity Framework (CSF). These security requirements and controls are embedded within Xacta, allowing organizations to quickly stand up a SCRM program. The workflow-based Xacta software empowers various users and roles to collaborate on SCRM projects.

More information about the Xacta SCRM offering can be found at: www.telos.com/offerings/xacta-supply-chain-risk-management/

About Telos Corporation


Telos Corporation
empowers and protects the world’s most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos’ offerings include cybersecurity solutions for IT risk management and information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions to ensure that personnel can work and collaborate securely and productively. The company serves military, intelligence and civilian agencies of the federal government, allied nations and commercial organizations around the world. 

Media:

Mia Wilcox
Merritt Group on behalf of Telos Corporation
Email: [email protected]        
Phone: (610) 564-6773

Investors:

Brinlea Johnson
The Blueshirt Group on behalf of Telos Corporation
[email protected]

 



SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Splunk Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

PR Newswire

LOS ANGELES, Jan. 14, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Splunk Inc. (“Splunk” or “the Company”) (NASDAQ: SPLK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between August 26, 2020 and December 2, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before February 2, 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. Splunk failed to close deals with large customers in the third quarter of fiscal 2021. The Company was not hitting the targets it had previously announced to the market. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Splunk, 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

TD Bank Group to acquire Wells Fargo’s Canadian Direct Equipment Finance Business

PR Newswire

Acquisition strengthens and expands TD Business Banking capabilities across Canada

TORONTO, Jan. 14, 2021 /PRNewswire/ – The Toronto-Dominion Bank (“TD”) (TSX and NYSE: TD) and Wells Fargo & Company (“Wells Fargo”) (NYSE: WFC) today announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo’s Canadian Direct Equipment Finance business.

The acquisition of Wells Fargo’s Canadian Direct Equipment Finance business is expected to add scale and capabilities to TD’s existing Canadian Equipment Financing business and expand TD’s presence in core markets. Wells Fargo’s Canadian Direct Equipment Finance’s direct origination model is expected to allow TD to better serve a more diverse set of business customers in need of competitive equipment loans, leases, and customized financing services.

“In today’s challenging operating environment, businesses are looking to their bankers to help keep their fleets current, deliver new construction equipment to job sites, and support manufacturing businesses with timely customized financing and leasing solutions that help drive their competitiveness,” says Darren Cooke, Vice President, TD Equipment Finance, Canadian Business Banking, TD Bank Group. “We are excited to welcome Wells Fargo’s Canadian Direct Equipment Finance team of highly skilled and experienced industry professionals to TD and leverage their deep expertise in equipment leasing and finance for the benefit of our highly-valued customers nationwide.”

Headquartered in Mississauga, with regional offices across the country, including Montreal and Calgary, Wells Fargo’s Canadian Direct Equipment Finance business has a 25-year operating history, which includes the acquisition by Wells Fargo of GE Capital’s Canadian Equipment Finance business in 2016. With approximately C$1.5 billion in assets and over 120 employees, Wells Fargo’s Canadian Direct Equipment Finance business provides loans and leases covering a full range of commercial equipment for businesses across Canada. 

“We have enjoyed a relationship with TD for many years, as Canada is an important market for Wells Fargo,” said David Marks, Head of Wells Fargo Commercial Capital. “This group of talented Canada-based employees and their equipment finance customers will benefit from TD’s strong franchise and allow us to focus our efforts on our U.S. equipment finance capabilities while continuing to serve our asset-based lending and distribution finance customers in Canada. We anticipate a smooth transition and we’re confident that the group’s strong focus on customers, deep relationships and industry expertise will complement TD’s existing business.”

“This acquisition will be welcome news for both our existing and potential new customers. It expands our competitive position in Canada’s Equipment Finance industry, builds on our strong track record of legendary customer service, and puts us in a unique position to offer an increased range of in-demand products and services,” says David Pinsonneault, Executive Vice President, Commercial and Industrial, Canadian Business Banking, TD Bank Group.

TD’s purchase of Wells Fargo Canadian Direct Equipment Finance business is expected to close in the first half of 2021, subject to receipt of regulatory and Competition Act approvals and clearance, and satisfaction of other customary closing conditions.

TD Securities served as financial advisor and Osler, Hoskin & Harcourt LLP served as legal counsel to TD in connection with this transaction. Wells Fargo Securities, LLC served as exclusive financial advisor and McCarthy Tetrault LLP served as legal counsel to Wells Fargo.

Caution Regarding Forward-Looking Information 

From time to time, The Toronto-Dominion Bank (the “Bank” or “TD”) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and in other communications. In addition, representatives of the Bank may make forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the “safe harbour” provisions of, and are intended to be forward-looking statements under, applicable Canadian and U.S. securities legislation, including the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements made in this document, statements made in the Bank’s Management’s Discussion and Analysis (“2020 MD&A”) in the Bank’s 2020 Annual Report under the headings “Economic Summary and Outlook” and “The Bank’s Response to COVID-19”, for the Canadian Retail, U.S. Retail, and Wholesale Banking segments under headings “Key Priorities for 2021”, and for the Corporate segment, “Focus for 2021”, and in other statements regarding the Bank’s objectives and priorities for 2021 and beyond and strategies to achieve them, the regulatory environment in which the Bank operates, the Bank’s anticipated financial performance, and the potential economic, financial and other impacts of the Coronavirus Disease 2019 (COVID-19). Forward-looking statements are typically identified by words such as “will”, “would”, “should”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “plan”, “goal”, “target”, “may”, and “could”.

By their very nature, these forward-looking statements require the Bank to make assumptions and are subject to inherent risks and uncertainties, general and specific. Especially in light of the uncertainty related to the physical, financial, economic, political, and regulatory environments, such risks and uncertainties – many of which are beyond the Bank’s control and the effects of which can be difficult to predict – may cause actual results to differ materially from the expectations expressed in the forward-looking statements. Risk factors that could cause, individually or in the aggregate, such differences include: strategic, credit, market (including equity, commodity, foreign exchange, interest rate, and credit spreads), operational (including technology, cyber security, and infrastructure), model, insurance, liquidity, capital adequacy, legal, regulatory compliance and conduct, reputational, environmental and social, and other risks. Examples of such risk factors include the economic, financial, and other impacts of the COVID-19 pandemic; general business and economic conditions in the regions in which the Bank operates; geopolitical risk; the ability of the Bank to execute on long-term strategies and shorter-term key strategic priorities, including the successful completion of acquisitions and dispositions, business retention plans, and strategic plans; technology and cyber security risk (including cyber-attacks or data security breaches) on the Bank’s information technology, internet, network access or other voice or data communications systems or services; model risk; fraud to which the Bank is exposed; the failure of third parties to comply with their obligations to the Bank or its affiliates, including relating to the care and control of information, and other risks arising from the Bank’s use of third-party service providers; the impact of new and changes to, or application of, current laws and regulations, including without limitation tax laws, capital guidelines and liquidity regulatory guidance and the bank recapitalization “bail-in” regime; regulatory oversight and compliance risk; increased competition from incumbents and new entrants (including Fintechs and big technology competitors); shifts in consumer attitudes and disruptive technology; environmental and social risk; exposure related to significant litigation and regulatory matters; ability of the Bank to attract, develop, and retain key talent; changes to the Bank’s credit ratings; changes in currency and interest rates (including the possibility of negative interest rates); increased funding costs and market volatility due to market illiquidity and competition for funding; Interbank Offered Rate (IBOR) transition risk; critical accounting estimates and changes to accounting standards, policies, and methods used by the Bank; existing and potential international debt crises; environmental and social risk; and the occurrence of natural and unnatural catastrophic events and claims resulting from such events.

The Bank’s acquisition of Wells Fargo’s Canadian Direct Equipment Finance business is subject to regulatory approvals and certain other conditions.  There is no assurance that the acquisition will be completed as described in this document or at all.  There can be no assurance that the Bank will realize the anticipated benefits or results, and actual results could differ materially from the expectations expressed in the forward-looking statements.  Examples of material assumptions made by the Bank in the forward-looking statements include assumptions regarding expected synergies, based on the Bank’s experience. 

The Bank cautions that the preceding list is not exhaustive of all possible risk factors and other factors could also adversely affect the Bank’s results. For more detailed information, please refer to the “Risk Factors and Management” section of the 2020 MD&A, as may be updated in subsequently filed quarterly reports to shareholders and news releases (as applicable) related to any events or transactions discussed under the headings “Significant Events” in the relevant MD&A, which applicable releases may be found on www.td.com. All such factors should be considered carefully, as well as other uncertainties and potential events, and the inherent uncertainty of forward-looking statements, when making decisions with respect to the Bank and the Bank cautions readers not to place undue reliance on the Bank’s forward-looking statements.

Material economic assumptions underlying the forward-looking statements contained in this document are set out in the 2020 MD&A under the headings “Economic Summary and Outlook” and “The Bank’s Response to COVID-19”, for the Canadian Retail, U.S. Retail, and Wholesale Banking segments, “Key Priorities for 2021”, and for the Corporate segment, “Focus for 2021”, each as may be updated in subsequently filed quarterly reports to shareholders.

Any forward-looking statements contained in this document represent the views of management only as of the date hereof and are presented for the purpose of assisting the Bank’s shareholders and analysts in understanding the Bank’s financial position, objectives and priorities and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropriate for other purposes. The Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on its behalf, except as required under applicable securities legislation.

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the sixth largest bank in North America by branches and serves over 26 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in The Charles Schwab Corporation; and Wholesale Banking, including TD Securities. TD also ranks among the world’s leading online financial services firms, with more than 14 million active online and mobile customers. TD had C$1.7 trillion in assets on October 31, 2020. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.

About Wells Fargo

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

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SOURCE TD Bank Group

Kaival Brands (OTCQB: KAVL) U.S. Market Growth of 907.9% Year-Over-Year for Fourth Quarter 2020; Becomes No. 1 ENDS Offering in U.S. for Fourth Quarter of Calendar 2020

Expands Total Disposable E-Cig Market Share to 27.9% in Calendar Fourth Quarter

PR Newswire

GRANT, Fla., Jan. 14, 2021 /PRNewswire/ — Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) (“Kaival Brands,” the “Company,” or “we”), is the exclusive global distributor of products manufactured by Bidi Vapor, LLC (“Bidi Vapor”). Bidi Vapor’s primary offering, the Bidi® Stick, is the fastest-growing closed system vaping product in the U.S. The tamper-resistant Bidi® Stick is also the only vape product on the market with an ecologically friendly, mass-recycling program. Kaival Brands also recently launched the Bidi® Pouch by Bidi Vapor, a tobacco-free nicotine pouch.

Kaival Brands (OTCQB: KAVL) Sees U.S. Sales Growth of 907.9% YoY for Q4 2020; Becomes No. 1 ENDS Offering in U.S.

Based on Goldman Sachs’ Equity Research Report through December 26, 2020 on the Nielsen data for total nicotine volumes (the “Goldman Report”), the Bidi® Stick by Bidi Vapor was the largest disposable electronic nicotine delivery system (“ENDS”) offering in the U.S. based on retail sales for the last 12-week period after realizing a 907.9% increase in sales during the same period ended December 26, resulting in 27.9% market share in calendar fourth quarter. We believe this growth underscores the attractive customer experience the Bidi Stick provides.

Niraj Patel, the Company’s Chief Executive Officer, emphasized Bidi Vapor’s focus on compliance and sustainability. “We believe our continued growth and increased market share is directly attributable to our product being designed for current adult smokers and being manufactured and marketed with sustainability and socially responsible practices in mind. We are also hyper-vigilant in working to ensure that the Bidi® Stick does not get into the hands of youth under the age of 21, but only those adult smokers looking for alternatives to cigarettes. Our values are as high as the quality of our product offerings.”

Mr. Patel, the Company’s President, Chief Executive Officer and Chief Financial Officer, owns and controls Bidi Vapor; thus, Bidi Vapor and the Company are considered under common control and Bidi Vapor is considered a related party.

Kaival Brands Innovations Group, Inc., is a company focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets. Our vision is to develop internally, acquire, own, or exclusively distribute these innovative products and grow each into dominant market-share brands with superior quality and recognizable innovation.

Our vision is to develop internally, acquire, own, or exclusively distribute these innovative products and grow each into dominant market-share brands with superior quality and recognizable innovation.

Learn more about Kaival Brands Innovations Group, Inc., at www.kaivalbrands.com

Forward-Looking Statements

This press release includes statements that constitute “forward-looking statements” within the meaning of federal securities laws, which are statements other than historical facts that frequently use words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “position,” “should,” “strategy,” “target,” “will,” and similar words. All forward-looking statements speak only as of the date of this press release. Although we believe that the plans, intentions, and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions, or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such statements. Our business may be influenced by many factors that are difficult to predict, involve uncertainties that may materially affect results, and are often beyond our control. Factors that could cause or contribute to such differences include, but are not limited to, the duration and scope of the novel coronavirus (“COVID-19”) pandemic and impact on the demand for the products we distribute; the actions governments, businesses, and individuals take in response to the pandemic, including mandatory business closures and restrictions on onsite commercial interactions; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies and economic activity; the pace of recovery when the COVID-19 pandemic subsides; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the effects of steps that we could take to reduce operating costs; our inability to generate and sustain profitable sales growth; circumstances or developments that may make us unable to implement or realize anticipated benefits, or that may increase the costs, of our current and planned business initiatives; changes in government regulation or laws that affect our business; and those factors detailed by us in our public filings with the Securities and Exchange Commission. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. Except as required under the federal securities laws and the Securities and Exchange Commission’s rules and regulations, we do not have any intention or obligation to update any forward-looking statements publicly, whether as a result of new information, future events, or otherwise.

 

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SOURCE Kaival Brands

Miami Boat and Yacht Shows Join Forces to Create One of the Largest Boat Shows in the World

New partnership between National Marine Manufacturers Association and Informa Markets unites three South Florida events under one banner

MIAMI, Jan. 14, 2021 (GLOBE NEWSWIRE) — Today, the National Marine Manufacturers Association (NMMA) – owner and operator of the Miami International Boat Show (MIBS) – and Informa Markets – co-owner and producer of the Miami Yacht Show (MYS) and Superyacht Miami – announce a landmark partnership creating the first joint production of South Florida’s preeminent winter boat shows. Set to debut Wednesday, February 16 through Sunday, February 20, 2022 over President’s Day weekend, the joint event—which will carry the Miami International Boat Show name— will deliver enhanced value to participating marine industry businesses, a seamless and unparalleled experience for attendees, and an economic boon to the Miami and South Florida areas.

Under the agreement, Informa Markets, the largest producer of trade and public events in the world, takes on management of the show, with direction and guidance from NMMA, the recreational boating industry’s trade association and the largest producer of boat shows in the U.S. Additionally, NMMA retains ownership of MIBS, while Informa Markets maintains co-ownership of MYS and Superyacht Miami with the International Yacht Brokers Association. The partnership is the result of long-standing conversations between the two organizations on how best to serve the industry and cultivate a best-in-class boat show experience.

Bringing the events together will offer numerous benefits for exhibitors, visitors, and the greater Miami community, specifically Miami Beach and Downtown Miami. The on-land portion of the event will take place at the newly reimagined Miami Beach Convention Center (MBCC), while the featured in-water activities will be offered at Sea Isle Marina, One Herald Plaza and Island Gardens Deep Harbour on Watson Island. The combined event will include several new elements to enrich the experience for attendees, including a live concert series, an expanded educational offering, a digital component, and the return of Miami Dealer Days February 14-15. Miami Dealer Days allow exhibitors to gather at the Miami Beach Convention Center prior to the show, providing a unique opportunity for marine manufacturers to connect and discover partnership and growth opportunities.

“For 80 years, the Miami International Boat Show has served as the recreational boating industry’s flagship event and a prized platform to showcase world-class products and innovations to nearly 100,000 people across the globe. With NMMA’s new partnership with Informa Markets, together, we will take the show to the next level and deliver an unforgettable experience for our members, attendees, exhibitors, and the local community for decades to come,” said Frank Hugelmeyer, president of NMMA. “Our industry and organization are incredibly grateful to the City of Miami for providing a home for our show these last five years at the Miami Marine Stadium and Park, and we look forward to bringing this exciting new event to both Downtown Miami and Miami Beach.”

Notably, this partnership translates into an unmatched opportunity for the region’s hospitality and service industry that is eager to bounce back from the devastating ramifications of COVID-19. The NMMA brings visitors from approximately 35 countries around the globe to South Florida annually, and Informa is considered the largest single annual customer to the market, hosting several large-scale exhibitions in the region each year. Historically, the Miami International Boat Show and Miami Yacht Show have attracted hundreds of thousands of attendees to South Florida and generated an estimated combined annual economic impact of $1.34 billion.

The joint Miami show will allow residents and visitors to streamline their trips to the signature event and participate in a unique experience with never-before-seen attractions and activities. A comprehensive traffic management plan will be developed in collaboration with the City of Miami and Miami Beach to ensure a smooth traffic flow for visitors and the surrounding areas. The MacArthur, Venetian, and Julia Tuttle causeways will offer unrivaled access for guests crossing over to the MBCC, where they will find ample parking on the grounds. Both event locations will have a variety of transportation options for guests, including water taxis, ride share hubs, and public transit modes.

To further extend their commitment to the Miami and Miami Beach communities, Informa Markets and the NMMA will open a new office at 1501 Biscayne Boulevard. In addition to the joint show in Miami, this office will service the other events Informa Markets produces in South Florida, and provide opportunity for further growth in the South Florida market.

“The marine industry is a truly special community, and one we are dedicated to nurturing and growing. This year, despite innumerable challenges, our community proved its resilience, and the passion we have seen from manufacturers and buyers alike has strengthened our resolve to create even more meaningful experiences for boating and yachting professionals and enthusiasts. We are appreciative that the NMMA shares common goals, and we are honored to work with them to enhance our collective events, including an unbelievable week-long experience for recreational and luxury boating enthusiasts in Miami,” said Andrew Doole, president, U.S. Boat Shows at Informa Markets. “We could not have done this without the support of the International Yacht Brokers Association, and we thank them for their commitment to the community. We are ready to bring a safe, memorable and fun-filled event to South Florida next year and are thrilled to be entering this partnership.”

As part of the agreement, NMMA and Informa Markets will enter a partnership spanning the organizations’ Central Florida events: the NMMA’s Tampa Boat Show and Informa Markets’ St. Petersburg Power and Sailboat Show, and the Suncoast Boat Show. Similar to Miami, NMMA will retain ownership of the Tampa Boat Show and provide strategic guidance, while Informa Markets assumes management of the event.

About National Marine Manufacturers Association (NMMA)

NMMA is the leading trade organization for the North American recreational boating industry. NMMA member companies produce more than 80 percent of the boats, engines, trailers, marine accessories and gear used by millions of boaters in North America. The association serves its members and their sales and service networks by improving the business environment for recreational boating including providing domestic and international sales and marketing opportunities, reducing unnecessary government regulation, decreasing the cost of doing business, and helping grow boating participation. As the largest producer of boat and sport shows in the U.S., NMMA connects the recreational boating industry with the boating consumer year-round. Learn more at www.nmma.org.

About Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Boating, Pharmaceuticals, Food, Fashion, and Infrastructure. As the world’s leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

CONTACT:
Kelly Penton

[email protected]

An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c6843719-51d5-482c-8e4c-98a9e9e0df18



Ayr Strategies Announces Closing of Offering of Equity Shares

TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) — Ayr Strategies Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated cannabis multi-state operator, announced today the closing of its previously announced overnight marketed offering (the “Offering”) of an aggregate of 4,600,000 subordinate voting shares, restricted voting shares or limited voting shares (the “Offered Securities”) at a price of C$34.25 per share for total gross proceeds of approximately C$157,550,000, which included the exercise in full of the over-allotment option granted to the underwriters, before deducting the underwriters’ fees and estimated offering expenses.

Canaccord Genuity Corp. acted as the lead underwriter for the Offering, on behalf of a syndicate of underwriters including Beacon Securities Limited, Echelon Wealth Partners, Roth Canada, ULC and PI Financial Corp.

The Offered Securities were offered in each of the Provinces of Canada, other than Québec, pursuant to a prospectus supplement to the Company’s base shelf prospectus dated December 17, 2020 (the “Prospectus”) and in the United States on a private placement basis to “qualified institutional buyers” pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”).

The Company intends to use the net proceeds of the Offering for working capital and general corporate purposes.

Copies of the Prospectus may be obtained on SEDAR at www.sedar.com and from Canaccord Genuity Corp., 161 Bay Street, Suite 3000, Toronto, ON M5J 2S1. The Prospectus contains important detailed information about the Company and the Offering. Prospective investors should read the Prospectus and the other documents the Company has filed on SEDAR at www.sedar.com before making an investment decision.

No securities regulatory authority has either approved or disapproved of the contents of this news release. None of the subordinate voting shares, restricted voting shares or limited voting shares have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the Offered Securities may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Ayr Strategies Inc.

Ayr is an expanding vertically integrated, U.S. multi-state cannabis operator, focusing on high-growth markets. The Company cultivates and manufactures branded cannabis products for distribution through its network of retail outlets and through third-party stores. Ayr strives to enrich consumers’ experience every day helping them to live their best lives, elevated.

Ayr’s leadership team brings proven expertise in growing successful businesses through disciplined operational and financial management, and is committed to driving positive impact for customers, employees and the communities they touch. For more information, please visit www.ayrstrategies.com.

Company Contact:

Megan Kulick, Head of Investor Relations
T: (646) 977-7914
E-mail: [email protected]

Investor Relations Contact:

Sean Mansouri, CFA or Cody Slach
Gateway Investor Relations
T: (949) 574-3860
E-mail: [email protected]



Conn’s HomePlus Enters Tampa with Two New Stores in 2021

Specialty retailer grows brand in Florida, offering Tampa residents an affordable alternative for home products

PR Newswire

HOUSTON, Jan. 14, 2021 /PRNewswire/ — Conn’s, Inc. (NASDAQ: CONN), specialty retailer of furniture, mattresses, home appliances and consumer electronics, announces expansion into the Tampa market, opening two new area Conn’s HomePlus showrooms this year.

Located in Tampa’s Horizon Park shopping center at 3908 W. Hillsborough Avenue and in Bradenton’sCortez Plaza shopping center at 4495 14th Street W., both stores will open doors to shoppers on Friday, Feb. 5, with a grand opening event celebration scheduled for this spring. The two stores mark Florida’s second and third Conn’s HomePlus showrooms, bringing total operating units to 149 locations across 15 states. The Florida expansion continues with the opening of the Lakeland distribution center this January.

“As we expand the Conn’s HomePlus footprint, we are excited to increase our presence in the Sunshine State,” said Norm Miller, Conn’s HomePlus Chairman and CEO. “The expansion planned throughout the state will open more opportunities to positively impact the customers and communities we serve, while solidifying our commitment in Florida.”

Offering area-residents an alternative for affordable home goods shopping, the new Conn’s HomePlus™ showrooms boast more than 87,000 square feet combined and showcase a variety of furniture, mattresses, top-of-the-line appliances, consumer electronics and home office products. Shoppers can also take advantage of the Conn’s Low Payment Finder, offering flexible payment plans tailored to individual needs. Whether customers have good credit, no credit or are working toward a specific credit goal, they can Make it Happen with Conn’s HomePlus.

For more information on Conn’s HomePlus, please visit http://www.conns.com.


About Conn’s, Inc.

Conn’s HomePlus is a specialty retailer currently operating 145+ retail locations in Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia.

The Company’s primary product categories include:

  • Furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom, as well as traditional and specialty mattresses;
  • Home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges;
  • Consumer electronics, including LED, OLED, QLED, Ultra HD, and internet-ready televisions, gaming consoles, home theater and portable audio equipment;
  • Home office, including computers, printers and accessories; and
  • At-home fitness equipment, including treadmills, ellipticals and studio cycles.

Additionally, Conn’s HomePlus offers a variety of products on a seasonal basis. Unlike many of its competitors, Conn’s HomePlus provides flexible in-house credit options for its customers in addition to third-party financing programs and third-party lease-to-own payment plans.

The Zimmerman Agency
[email protected], 850-668-2222

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SOURCE Conn’s HomePlus

America Keeps On Cooking

Second Wave of Quantitative Research Reveals Long Term Impact of the Pandemic on Americans’ Food Habits

PR Newswire

NEW YORK, Jan. 14, 2021 /PRNewswire/ — Last year brought unprecedented changes to Americans’ daily lives, with large gatherings restricted, travel plans on hold and more time spent at home than ever before. The question at hand; how will these changes impact consumer food habits in both the short and long term?

Today, HUNTER, a leading food and beverage public relations and marketing communications consultancy, issues findings from Wave Two of its Food Study Special Report which was fielded in December 2020. It follows Wave One, released in April 2020, which explored how these new circumstances were beginning to impact Americans’ food preferences and behaviors.

This second wave study assesses how attitudes and behaviors regarding purchasing, preparing and consuming food have evolved nine months into the pandemic (December 2020) as compared to at the onset of the COVID-19 crisis (April 2020), giving us a lens into which of these habits are likely to continue into the new year and beyond. For the HUNTER Food Study Special Report Wave Two: America Keeps on Cooking, two proprietary custom surveys were fielded, each to 1032 American adults1  with basic information captured in part one and deeper underlying motivations explored in part two. 

Now nine months further into pandemic conditions, many of the findings in Wave Two are consistent with the April learnings, while some patterns have intensified and others have begun to moderate back toward pre-COVID levels. Few findings from Wave One shifted in an entirely different direction. These results offer a glimpse into the consumer behaviors that are likely to persist in the future, as well as those that were short-term changes in direct response to the pandemic environment.

“The study results gave us some interesting data to consider as we enter into a new year and endeavor to predict how it will unfold,” said Heddy DeMaria, chief insights officer at HUNTER. “As restrictions from the pandemic remain in place, it’s inspiring to see how resilient Americans have become. They continue to channel their energies into the kitchen, adopting habits that bring joy, spark creativity and strengthen family bonds. As we eagerly look forward to a post-COVID era, the data suggests these new habits will stick around and become part of our new normal.”

Top findings include:

Bubbling Over: Americans Continue Cooking More, Leading to Increased Confidence and Creativity in the Kitchen
Nine months in to the COVID-19 pandemic, results from the Hunter Food Study Special Report Wave Two: America Keeps on Cooking, show that Americans are continuing to cook more (51%) and bake more (41%) than they did at the same time last year. Plus, the vast majority (71%) of those who are cooking more intend to continue doing so after the pandemic ends, a 20-point increase since April 2020. When asked, respondents continue to cite saving money (67%), eating healthier (56%) and feeling good (56%) as leading motivators for their at-home cooking habit. Those cooking more at home also report increased confidence in their abilities (50%) while another quarter of consumers say they are learning more and building greater confidence. As home cooks get more comfortable in the kitchen, they’re also getting more creative. An increasing number of respondents report branching out to try new ingredients (47%), brands and products (52%) and many continue to rediscover old favorites (24% ingredients, 16% brands and products).

Steady Simmer: The Joy of Preparing and Sharing Meals Persists
Despite anecdotal evidence of pandemic cooking fatigue and baking burnout, Wave Two of the HUNTER Food Study Special Report demonstrates that these activities remain a source of joy for consumers. More than three quarters of survey respondents that are cooking more say that they find enjoyment in cooking (81%), an eight-point increase over the Wave One / April 2020 findings. From artisan breads to Christmas cookies, baking is also a source of pleasure, with 51% of those surveyed claiming they enjoy the activity now more than ever before. As many cooks can attest and the data shows, home cooking also helps brings families together. 45% of consumers report eating together more as a family and the number climbs to 55% among households with kids.

Flashes in the Pan: Food Waste Prevention and Propensities for both Healthy and Indulgent Foods Still High but Swing Slightly Back Towards Pre-Pandemic Levels
While the pandemic has impacted many consumer habits, it appears not all will continue with sustained intensity in a post COVID-19 world. Data shows that while many Americans are wasting less food (42%) than pre COVID-19, this number is significantly down (-16 points) since April, which may be attributed to American’s response to the decreased threat of food shortages. A similar shift took place with regard to consumers’ consumption patterns. Although, one third of Americans claim to be eating more healthy foods and about the same claim to be eating more indulgent foods as compared to the same time last year (December 2019), more than half of respondents (56%) report that their healthy/indulgent food consumption is similar to pre-COVID levels, a 14-point increase since April which suggests we are moderating over time back to pre-COVID consumption patterns.

Table for One: Snacks and Spirits Consumption on the Rise in Single Member Households
Wave One / April 2020 learnings suggested households with kids were initially the most challenged with change – showing the greatest increase in snacking, drinking alcoholic beverages and gaining the most weight.  Latest learnings, however, suggest this has reversed, as these households are starting to moderate back to pre-COVID levels, while single member households are starting to show the biggest uptick in all of these factors.  It appears, single member households are most likely to be navigating increasingly stressful circumstances, as 35% claim money is tighter than ever before (vs. 30% average), 16% are likely to have someone in their household lose a job (vs. 13% average) and 14% have moved to a new home (vs. 10% average). At the same time, this group reports snacking more (43%), consuming more alcohol (20%) and gaining more weight (38%).

Can I Get A Box for That? Takeout and Delivery See Major Surge After April Decline
With the restaurant industry facing perhaps its most challenging year ever, it may be heartening to learn that takeout and delivery orders are up significantly when compared to the onset of the pandemic.  Forty percent of Americans are now claiming to order more takeout and delivery versus the same time last year and only 20% are doing so less, resulting in a net increase of 20% (versus a net decline of 8% in Wave One / April 2020).

For the full Hunter Food Study Special Report Wave Two: America Keeps on Cooking and additional information about the annual Hunter Food News Study, visit www.hunterpr.com/news.


ABOUT HUNTER

Founded in 1989, HUNTER is an award-winning consumer marketing communications firm with primary offices in New York and London and a footprint across North America. Beginning with research-driven consumer insights, HUNTER executes strategic, integrated programs that build brand equity, increase engagement, and drive measurable business results for consumer products and services. The 150-person firm employs a powerful blend of marketing solutions including strategic planning, social and digital media, talent and influencer engagement, media relations, experiential, multicultural, and content creation and distribution for all platforms and channels to earn consumer attention on behalf of some of the world’s best known and most beloved brands. The agency is a member of MDC Partners Inc. (NASDAQ: MDCA; TSX: MDZ.A).


ABOUT THE STUDY

The Hunter Food Study Special Report: America Keeps On Cooking provides a comparative perspective on consumers’ meal preparation and consumption behaviors and attitudes now versus prior to the coronavirus pandemic. HUNTER fielded two proprietary custom surveys using the demographically and geographically representative national panel and insight platform, SUZY.  The survey was fielded in two parts, with basic information captured in part 1 and deeper underlying motivations explored in part 2.  The online survey was fielded on December 7, 2020 to Americans ages 18-73 years old.  The 1,032 respondents to each survey were mutually exclusive and evenly split between males and females.

Links:     

Visit HUNTER for Study Results: www.hunterpr.com/news
Follow HUNTER on Facebook: @HunterPR
Follow HUNTER on Twitter: @hunterpr
Follow HUNTER on Instagram: @hunterprny

1

Respondents to each survey were mutually exclusive, with both surveys meeting the following criteria: N=1032 (part 1) & N=1032 (part 2); 50% male / 50% female; Lives in the United States; Age 18-73

 

CONTACT:

Jennifer Mestayer

HUNTER:


[email protected]

 

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SOURCE Hunter PR

NTT DATA and FAST to Help Life Insurers Scale Innovation, Improve Customer Experience

NTT DATA and FAST to Help Life Insurers Scale Innovation, Improve Customer Experience

PLANO, Texas–(BUSINESS WIRE)–NTT DATA Services, a digital business and IT services leader, is collaborating with FAST, a Verisk company and leading software provider for the insurance and annuity industry, to deliver their shared vision of digital Third-Party Administration (TPA) and Business Processing as a Service (BPaaS). NTT DATA will leverage FAST’s microservices-based technology platform to help life insurers rapidly increase efficiency, develop new innovations, and streamline the customer experience.

The addition of FAST’s highly configurable, no-code software can enable NTT DATA to significantly enhance its middle-office and back-office services. Together, the companies will create an expanded digital ecosystem to support the needs of today’s life insurance and annuity marketplace with a focus on rapid new product launch and new market entry.

“As an innovator in BPaaS, NTT DATA strategically invests in modern and flexible solutions to help clients remain agile in their business,” said Wayne Busch, President, Financial Services and Insurance, NTT DATA Services. “The addition of FAST to the NTT DATA ecosystem allows our clients to access new solution channels, quickly expand their distribution models, and offer a more modern customer experience.”

Key features of NTT DATA’s Life and Annuity digitalecosystem:

  • Digital Third-Party Administration (TPA) services with a robust platform for integration
  • Accelerated time to market for innovative top selling and new products
  • Common user experience for new and in-force products
  • Flexible, granular division of operations – carrier can decide which functions are retained and which are deployed by the TPA
  • Single-tenancy configuration can enable client-focused and responsive platform support
  • Insurers have direct access to the platform to support their unique needs around reporting, product design, and analytics
  • Upgrades every 18-24 months allow insurer to take advantage of cutting-edge platform capabilities

“Today’s insurers look to their IT services partner as a strategic extension of their business for key initiatives such as product incubation and customer digital engagement,” said Tom Famularo, Managing Director and Founder of FAST. “FAST and NTT DATA share a vision to provide modern, configurable technology to support innovative and strategic products for today’s insurers. We are excited to continue our collaboration with NTT DATA to address the changing needs of the market through purposeful innovation at speed and scale.”

To learn more about NTT DATA’s insurance services, visit www.nttdataservices.com/insurance

To learn more about Verisk’s life insurance solutions, visit www.verisk.com/life

About FAST

FAST, which stands for “Flexible Architecture, Simplified Technology,” is a Verisk (Nasdaq:VRSK) business and a leading provider of end-to-end software for the life insurance and annuity markets. FAST, located in Iselin, N.J., provides a SaaS suite of out-of-the-box components that life insurers can use to quickly enhance or replace their legacy systems. To learn more about FAST, visit www.fasttechnology.com.

About Verisk

Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting and many other fields. Around the world, Verisk helps customers protect people, property, and financial assets. Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor’s S&P 500® Index and part of the Nasdaq 100 Index. For more information, please visit www.verisk.com.

About NTT DATA Services

NTT DATA Services is a digital business and IT services leader, and a leading TPA (third-party administrator) in the Life & Annuities processing market. Headquartered in Plano, Texas, we are the largest division of trusted global innovator NTT DATA Corporation, a top 10 provider and part of the $109B NTT Group. With our consultative approach, we leverage deep industry expertise and leading-edge technologies powered by AI, automation and cloud to create practical and scalable solutions that contribute to society and help clients worldwide. Our global team delivers one of the industry’s most robust and integrated portfolios. This includes consulting, applications, data intelligence and analytics, hybrid infrastructure, workplace, cybersecurity and business process services to help organizations accelerate and sustain value throughout their digital journeys. Visit www.nttdataservices.com to learn more or @NTTDATAServices.

Amy Baj

[email protected]

954-909-7900

Brett Garrison

[email protected]

917-639-4903

KEYWORDS: Texas New Jersey United States North America

INDUSTRY KEYWORDS: Professional Services Data Management Technology Other Technology Insurance Software

MEDIA:

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Herbalife Nutrition’s Innovation and Manufacturing Facilities Earn Prominent Health and Safety Certification

PR Newswire

LOS ANGELES, Jan. 14, 2021 /PRNewswire/ — Herbalife Nutrition (NYSE: HLF), a premier global nutrition company, announced today that its innovation and manufacturing facilities in Winston-Salem, North Carolina and Lake Forest, California have earned the ISO 45001 Occupational Health and Safety Standard from NSF-ISR, a recognition of the company’s achievements in protecting employee health and safety.

Herbalife Nutrition’s Innovation and Manufacturing Facilities Earn Prominent Health and Safety Certification

This is the third certification from NSF International, an independent global laboratory, for both facilities which operate in accordance to U.S. Good Manufacturing Practices and regulatory standards for dietary supplements, acidified foods and food products. The GMP registration demonstrates the company follows industry best practices for product content and labeling accuracy. The company’s quality control laboratory also maintains the highly regarded ISO/IEC 17025 accreditation through the American Association for Laboratory Accreditation.

“The ISO certification process is demanding so each team member must be dedicated to the pursuit of quality and safety,” said Mark Schissel, executive vice president of Worldwide Operations. “By achieving ISO 45001 certification, we demonstrate our continued commitment to excellence and best practices to support a healthy and safer work environment.”

Herbalife Nutrition operates five Herbalife Innovation and Manufacturing facilities around the globe and more than twelve working labs where research, quality assurance, or product testing occur.

The company’s first innovation and manufacturing facility, Lake Forest, is home to a proton nuclear magnetic resonance spectrometer and gene sequencer, state-of-the-art instruments used to analyze the identity and composition of ingredients and usually only found in research facilities.

The Winston Salem facility, opened in 2014, is an 800,000-square-foot manufacturing facility in North Carolina that is roughly the size of 14 football fields, with more than 750 team members who produce approximately 400,000 units per day.

In addition to certifications for its facilities and laboratory procedures, the company also holds certifications for many of its products, including the NSF/ANSI 173 standard, the only American National Standard for dietary supplements, and for the NSF’s Certified for Sport® program, which verifies that products do not contain unsafe levels of contaminants, prohibited substances or masking agents.

For more information, please visit IAmHerbalifeNutrition.com. Herbalife Nutrition also encourages investors to visit its investor relations website at ir.herbalife.com as financial and other information is updated, and new information is posted.

About Herbalife Nutrition Ltd.
The Company is a global company that has been changing people’s lives with great nutrition products and a proven business opportunity for its independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company’s global campaign to eradicate hunger, the Company is also committed to bringing nutrition and education to communities around the world.

 

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SOURCE Herbalife Nutrition (NYSE: HLF)