Fraser Institute News Release: Canada’s health-care wait times hit 22.6 weeks in 2020—longest ever recorded

VANCOUVER, British Columbia, Dec. 10, 2020 (GLOBE NEWSWIRE) — Canadian patients waited longer than ever this year for medical treatment, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

The study, an annual survey of physicians from across Canada, reports a median wait time of 22.6 weeks—the longest ever recorded—and 143 per cent higher than the 9.3 weeks Canadians waited in 1993, when national estimates of the wait for medically necessary elective treatments were first calculated.

Before this year, the longest recorded median wait time was 21.2 weeks in 2017.

“Excessively long wait times remain a defining characteristic of Canada’s health-care system,” said Bacchus Barua, associate director of the Fraser Institute’s Centre for Health Policy Studies and co-author of Waiting Your Turn: Wait Times for Health Care in Canada, 2020. “While this year’s reported wait times have been undoubtedly influenced by the ongoing pandemic, historical data suggests they are also the result of decades of policy inertia.”

The study examines the total wait time faced by patients across 12 medical specialties from referral by a general practitioner (i.e. family doctor) to consultation with a specialist, to when the patient ultimately receives treatment.

Among the provinces, Ontario recorded the shortest wait time at 17.4 weeks—up from 16 weeks in 2019. Prince Edward Island recorded the longest wait time in Canada at 46.5 weeks.

Among the various specialties, national wait times were longest between a referral by a GP and ophthalmology surgery (34.1 weeks) and shortest for medical oncology (4.2 weeks).

Crucially, physicians report that their patients are waiting more than four weeks longer for treatment (after seeing a specialist) than what they consider to be clinically reasonable.

This year, the COVID-19 pandemic impacted the survey’s response rate, but more than one-in-ten physicians surveyed across the country still participated, with more than 1,200 responses. Further, almost three decades of pre-COVID data confirm that wait times in Canada are not just long but have gotten progressively worse.

“Long wait times aren’t simply minor inconveniences, they can result in increased suffering for patients, lost productivity at work, a decreased quality of life, and in the worst cases, disability or death,” Barua said.

“While combatting COVID-19 certainly requires our immediate attention, we should also work towards returning to a better-normal – with shorter wait times – once the pandemic is over.”

Median wait times by province (in weeks)

PROVINCE 201
9
20
20
PROVINCE 201
9
20
20
British Columbia 24.0 26.6 Quebec 16.3 18.8
Alberta 28.0 29.4 New Brunswick 39.7 41.3
Saskatchewan 26.0 21.7 Nova Scotia 33.3 43.8
Manitoba 32.4 23.7 P.E.I. 49.3 46.5
Ontario 16.0 17.4 Newfoundland and Labrador 23.4 29.2



MEDIA CONTACT
:
Bacchus Barua, Associate Director, Centre for Health Policy Studies
Fraser Institute

For interviews with
Bacchus
Barua
or for more information
,
please contact:

Drue MacPherson, Junior Media Relations Coordinator Fraser Institute
Tel: (604) 688-0221 Ext. 721
E-mail: [email protected]

Follow the Fraser Institute on Twitter and Facebook

The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute’s independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org

 



Qutoutiao Inc. to Report Third Quarter 2020 Results on Wednesday, December 16, 2020

-Earnings Call Scheduled for 8:00 P.M. ET on December 16, 2020-

SHANGHAI, China, Dec. 10, 2020 (GLOBE NEWSWIRE) — Qutoutiao Inc. (“Qutoutiao” or the “Company”) (NASDAQ: QTT), a leading operator of mobile content platforms in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2020 after the close of U.S. markets on Wednesday, December 16, 2020.

Qutoutiao’s management will host an earnings conference call at 8:00 PM U.S. Eastern Time on December 16, 2020 (9:00 AM Beijing/Hong Kong time on December 17).

Please register in advance of the conference call using the link provided below. Upon registering, you will be provided with participant dial-in numbers, Direct Event passcode and unique registrant ID by email.

Preregistration Information

Participants can register for the conference call by navigating to http://apac.directeventreg.com/registration/event/2241767 at least 15 minutes prior to the scheduled call start time.

Please dial-in at least 10 minutes before the scheduled start time of the earnings call and enter the Direct Event Passcode and Registrant ID as instructed to connect to the call.

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.qutoutiao.net.

A replay of the conference call will be accessible approximately two hours after the conclusion of the call until 7:59 a.m. U.S Eastern Time on December 24, 2020, by dialing the following telephone numbers:

United States: +1-646-254-3697
International: +61-2-8199-0299
Hong Kong, China: +852-3051-2780
Mainland China: 400-632-2162
Replay Access Code: 2241767

About Qutoutiao Inc.

Qutoutiao Inc. operates innovative and fast-growing mobile content platforms in China with a mission to bring fun and value to its users. The eponymous flagship mobile application, Qutoutiao, meaning “fun headlines” in Chinese, applies artificial intelligence-based algorithms to deliver customized feeds of articles and short videos to users based on their unique profiles, interests and behaviors. Qutoutiao has attracted a large group of loyal users, many of whom are from lower-tier cities in China. They enjoy Qutoutiao’s fun and entertainment-oriented content as well as its social-based user loyalty program. Midu, first launched in May 2018 as Midu Novels and with an alternative version Midu Lite launched one year later, pioneered provision of free online literature supported by advertising. It has grown tremendously and has led the free online literature industry since inception. The Company will continue to bring more exciting products to users through innovation, and strive towards creating a leading global online content ecosystem.

For more information, please visit: https://ir.qutoutiao.net.

For investor and media inquiries, please contact:

Qutoutiao Inc.
Investor Relations
Tel: +86-21-6858-3790
E-mail: [email protected] 



Signs of Healthy Aging Found in Ergothioneine Telomere Study

ErgoActive® ergothioneine helps preserve telomere length under oxidative stress.

RANCHO SANTA MARGARITA, Calif., Dec. 10, 2020 (GLOBE NEWSWIRE) — An in vitro study published in the Journal of Dietary Supplements, demonstrated Blue California’s ErgoActive® ergothioneine helped to preserve telomere length and reduced the rate of telomere shortening under oxidative stress.

The in vitro study is the first time ergothioneine has been studied for its effect on telomere length. Blue California provided its ErgoActive ergothioneine, which is produced by a proprietary fermentation process.

“Our results suggest that ergothioneine as part of a healthy diet could potentially mitigate the negative effects of oxidative stress and support healthy aging by helping to preserve telomere length and reduce the rate of shortening,” said Chief Science Officer, Dr. Priscilla Samuel.

Telomeres are complex protein structures located at the end of each DNA strand, protecting chromosomes from becoming damaged. When DNA strands are frayed or worn down, cells are challenged with performing specialized functions, thus making the protection offered by telomeres critical for the life of cells.

Shortened telomeres are associated with many chronic conditions such as cancer, cardiovascular disease, and diabetes. “Many areas of health are impacted by oxidative stress during aging, including longevity, bone health, cardiovascular health, cognition and skin vitality,” said Samuel. “As oxidative stress accelerates the shortening of telomeres, antioxidants such as ergothioneine may help to decelerate it.”

Ergothioneine is a naturally occurring amino acid with potent antioxidant properties that the body does not make but obtains from dietary sources such as specific species of mushrooms, beans and oat bran. However, for most people, the dietary consumption of foods rich in ergothioneine tends to be low.

Moreover, humans produce a highly specific ergothioneine transporter (ETT), leading many to reason its importance, and suggest its essentiality to human health. Renowned scientist Dr. Bruce Ames has proposed classifying ergothioneine as a “longevity vitamin.”

In the in vitro study, human neonatal dermal fibroblast cells were used to observe the effect of ergothioneine on telomerase activity and telomeres under standard and oxidative stress conditions over an 8-week period.

Under oxidative conditions, at week 8 across all four tested concentrations (0.04 to 1.0 mg/ml) of ergothioneine, median telomere length was significantly longer than control and a significantly reduced percent of short telomeres was also observed, demonstrating a protective effect of ergothioneine.

“Blue California actively invests in clinical studies to advance the science and impact of our ErgoActive ergothioneine on overall health and wellness and look forward to investigating these effects in human clinical studies as well,” said Samuel. “We are committed to furthering research for substantiating functional benefits and claims associated with ingredients for use in dietary supplements, functional foods and beverages, personal care products, cosmetics and pet nutrition.”

Early in February 2020, Blue California filed a patent application reporting the discovery of ErgoActive ergothioneine’s impact on telomere shortening associated with oxidative stress.

ErgoActive® is a registered trademark of Blue California, Inc.


About Blue California


Blue California is an entrepreneurial, science-based solutions provider and manufacturer of clean, natural, and sustainable ingredients used in food, beverage, flavor, fragrance, dietary supplements, personal care and cosmetic products. For more than 25 years, Blue California has built a strong reputation for creating value in these diverse natural product and nature-inspired industries.

Contact: Ana Arakelian
Head of Public Relations and Communications
[email protected]
Office: 949-635-1991
Mobile: 949-750-6812 

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8eebc57e-f23a-4cbe-bfc9-ce205bf4b63f

https://www.globenewswire.com/NewsRoom/AttachmentNg/fb4007d9-8808-44d1-a4fc-db9d6b887d4b



Infosys Accelerates Enterprise Modernization Journey to the Cloud with the Infosys Modernization Suite

PR Newswire

Part of Infosys Cobalt, the suite powers Infosys Modernization Services to help enterprises reimagine legacy and succeed

BENGALURU, India , Dec. 10, 2020 /PRNewswire/ — Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of the Infosys Modernization Suite, part of Infosys Cobalt, to help organizations accelerate their end to end modernization needs. Infosys Modernization Suite helps enterprises modernize legacy while delivering superior customer experiences, faster time to market, infinite elasticity, and cost reduction, to help enterprises become resilient, responsive, and relevant. 

Infosys_Logo


Shaji Mathew, Executive Vice President, Infosys

, said,The Infosys Modernization Suite, with over 40 modernization services, offers the perfect solution to organizations which need to modernize their legacy systems. Backed by experienced consultants, a rich talent pool, an extensive ecosystem of over 50 partners, and global modernization implementations for over 600 customers, Infosys is able to successfully catalyse the modernization journey for its clients.”

A recent Infosys study highlighted legacy modernization as one of the top barriers for digital transformation. The Infosys Modernization Suite is a one-stop solution that helps enterprises reduce development efforts by up to 40 percent, time-to-market by 20-40 percent, and modernization costs by 15-30 percent, all through Infosys’ proprietary tools. The Suite comprises five integrated platforms that support multiple application modernization patterns through a cloud native development platform, a cloud migration platform, a mainframe modernization platform, a technology migration platform, and a database migration platform.

Key features of the Infosys Modernization Suite are:

  1. Comprehensiveness – One-stop solution covering a wide range of modernization patterns and technologies
  2. Agility – Reduces time-to-market by bootstrapping projects with integrated and automated end-to-end workflows
  3. Efficiency – Optimizes modernization costs by significantly boosting productivity across the lifecycle

As part of Kmart Australia’s plan to rebuild or replace the mainframe applications, it first virtualized the mainframe to run on the AWS cloud and used the freed up capacity to modernize its core merchandising system. According to Kevin Love, General Manager, Products Technology, “We believe we are one of the first retailers globally to migrate mainframe applications to the cloud 100 percent remotely. With the agility of a cloud platform, we are in a prime position to innovate and optimize customer experiences, rapidly and at scale. I am happy to say that Infosys has been a true partner in our modernization journey by bringing in automation tools from its modernization suite and a great team of mainframe, cloud modernization experts.”

It was imperative for E.ON UK to modernize their legacy systems in order to support the newly acquired customer base effectively while lowering costs, increasing speed of product releases, and adding rich customer experience. Justin Miller, Chief Technology Officer, E.ON UK, said, “Infosys de-risked our modernization journey by doing an early techno-commercial validation, bringing in the right partners through a single commercial interface and accelerating the time-to-market, using their Infosys modernization suite.”

To learn more about Infosys Modernization Suite and Modernization Services, please visit:

  1. Infosys Modernization Suite 
  2. Modernization Services 

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2020. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

 

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SOURCE Infosys

Biofidelity appoints Robert Osborne as Chief Operating Officer

CAMBRIDGE, United Kingdom, Dec. 10, 2020 (GLOBE NEWSWIRE) — Biofidelity Ltd, the cancer diagnostics company, today announces the further expansion of its leadership team with the appointment of Dr. Robert Osborne as Chief Operating Officer. In addition to responsibility for the overall operation of the business at a time of rapid growth, Dr. Osborne will lead product development and validation, overseeing manufacturing and quality systems as Biofidelity prepares for the launch of its first product.

Dr. Osborne joins Biofidelity from the liquid biopsy company, Inivata, where he was Senior Vice President of Technology and Assay Development, with operational responsibility for a team of 21 scientists involved in assay development, clinical laboratory work, bioinformatics and intellectual property. He led the development of Inivata’s RaDaR product for the detection of recurrent and residual disease from concept to commercial launch in less than 12 months.

Dr. Osborne was previously Principal Staff Scientist at the Wellcome Trust Sanger Institute, Director of Technology Development at its spin out company, 14M Genomics, and Director of Research at Population Genetics Technologies. He has a PhD in Genetics from the University of Nottingham and was a Postdoctoral Fellow at the University of Rochester, NY, and a Postdoctoral Research Associate at the University of Oxford. He is the inventor or co-inventor of 16 patents and author of an extensive range of scientific publications.

Dr.
Barnaby
Balmforth
, Chief Executive Officer of
Biofidelity
, commented: “Robert joins Biofidelity at a crucial time as we prepare for the launch of our first unique genetic panel, which we believe will revolutionize patient access to fast and accurate cancer diagnosis. Robert is an innovative scientist and strategic thinker with proven technical and operational management experience in genomics, biotechnology, diagnostics and oncology. With the recent completion of our $12 million Series A round and the appointments of Dr. Heiner Dreismann as Chairman and Stephen Miller as Chief Commercial Officer, Robert’s appointment is a further significant strengthening of the first-class management team that will lead us to commercialization in the US and internationally.”

Dr.
Robert Osborne, Chief Operating Officer, said: “Biofidelity represents a major step forward in cancer diagnostics, with a breakthrough technology that overcomes many of the limitations of existing sequencing-based approaches. It combines precise, actionable information with simple workflows and affordability, enabling many more cancer patients to receive the right treatment at the right time. I’m delighted to be joining Biofidelity’s highly experienced international leadership team as we work to deliver a pipeline of products based on this revolutionary approach.”

Recent key development at Biofidelity include:

  • Completion of a Series A financing raising $12 million, enabling acceleration of plans to launch Biofidelity’s unique platform, which has the potential to change the dynamics of cancer diagnosis and treatment
  • Sustained progress towards launch of the first genetic panels targeting guideline-recommended markers in non-small cell lung cancer in the US
  • Collaboration with Agilent Technologies, a global leader in life sciences and diagnostics, confirming Biofidelity molecular assays’ ability to detect key lung cancer mutations, dramatically increasing effectiveness and speed of diagnosis
  • Opening of a new headquarters and laboratories on Cambridge Science Park, UK

About
Biofidelity

Biofidelity, a private company founded in 2019 in Cambridge, UK, is revolutionising access to best-in-class cancer diagnostics, breaking down the barriers to better screening, monitoring and treatment for all cancer patients. 

Its disruptive diagnostic technology platform will provide oncologists with clinically actionable data based on ultra-sensitive detection of markers recommended in cancer treatment guidelines, enabling them to prescribe the right cancer drug at the right time.  It is designed to combine fast and easy-to-interpret results with affordability and straightforward adoption on existing laboratory infrastructure, enabling many more laboratories to offer best-in-class cancer diagnostics.

Biofidelity is developing a pipeline of products, with an initial focus on non-small cell lung and colorectal cancer.  Future products will span a broad range of cancers, as well as providing an enabling solution to the detection of resistance to therapy and disease recurrence.

For more information, please go to www.biofidelity.com

For enquiries, please contact:

Biofidelity

Dr Barnaby Balmforth, CEO
Stephen Miller, CCO
T: +44 1223 358652
E: [email protected]
Mo PR Advisory

Mo Noonan/ Jonathan Birt
Tel: +44 (0) 7876 444977 / 07860 361746

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com



WeissLaw LLP Reminds WORK, FBM and STND Shareholders About Its Ongoing Investigations

PR Newswire

NEW YORK, Dec. 10, 2020 /PRNewswire/ —


If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:


Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

Slack Technologies, Inc. (NYSE: WORK)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Slack Technologies, Inc. (NYSE: WORK) in connection with the proposed acquisition of the company by salesforce.com, inc. (“Salesforce”).  Under the terms of the merger agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each share of Slack common stock that they own, representing implied per-share merger consideration of $44.47 based upon Salesforce’s December 8, 2020 closing price of $227.86.  If you own WORK shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:  https://weisslawllp.com/work/ 

Foundation Building Materials, Inc. (NYSE: FBM)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Foundation Building Materials, Inc. (NYSE: FBM) in connection with the proposed acquisition of the company by American Securities LLC.  Under the terms of the merger agreement, FBM shareholders will receive $19.25 in cash for each share of FBM common stock that they own.  WeissLaw’s investigation concerns (i) whether FBM’s majority owner LSF9 Cypress Parent 2 LLC, an affiliate of  Lone Star Funds, owning 52.3% of FBM’s common stock agreed to the transaction to secure unique benefits for itself not shared by FBM’s public shareholders, (ii) whether FBM’s committee of the board that approved the transaction (“Special Committee”) was truly independent (as required by law) and acted in the best interest of FBM’s public shareholders in agreeing to the transaction, (iii) whether the Special Committee was fully informed as to the value of FBM, and (iv) whether all information regarding the sales process undertaken by the board and financial analyses supporting the transaction will be fully and fairly disclosed to FBM’s public shareholders.  If you own FBM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:https://weisslawllp.com/fbm/

Standard AVB Financial Corp. (NASDAQ: STND)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Standard AVB Financial Corp. (NASDAQ: STND) in connection with the proposed acquisition of the company by Dollar Mutual Bancorp.  Under the terms of the agreement, STND shareholders will receive $33.00 in cash for each share of STND common stock.  If you own STND shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/news/stnd/

 

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SOURCE WeissLaw LLP

VSTA Alert: Johnson Fistel Launches Investigation into Vasta Platform; Investors Suffering Losses Encouraged to Contact Firm

PR Newswire

SAN DIEGO, Dec. 10, 2020 /PRNewswire/ — Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Vasta Platform Limited (“Vasta” or the “Company”) (NASDAQ: VSTA) for violations of federal securities laws.

On or about July 31, 2020, Vasta sold about 18.6 million shares of stock in its initial public stock offering (the “IPO”), at $19.00 a share raising nearly $353 million in new capital. However, since the IPO, Vasta stock has dropped significantly, on December 9, 2020, the stock closed at $14.96.

On August 20, 2020, Vasta announced the Company’s financial results for the second quarter and the first half of 2020. Vasta reported a second-quarter net loss of 54.9 million Reais and revenue of 120.23 million Reais, representing a revenue decline of 12.9% from the year-ago quarter.

Specifically, Johnson Fistel’s investigation seeks to determine whether the Company’s filings with the U.S. Securities and Exchange Commission in connection with its July 2020 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company’s business, and operations.

If you have information that could assist in this investigation, or if you are a Vasta shareholder and are interested in learning more about the investigation, please contact Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.

Additionally, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:

Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:

Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

[Click here to join this action]

 

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SOURCE Johnson Fistel, LLP

SHAREHOLDER ALERT: WeissLaw LLP Investigates MTS Systems Corporation

PR Newswire

NEW YORK, Dec. 10, 2020 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MTS Systems Corporation (“MTS” or the “Company”) (NASDAQ: MTSC) in connection with the proposed acquisition of the Company by Amphenol Corporation (NYSE: APH), a leading global provider of high-technology interconnect, antenna and sensor solutions.  Under the terms of the acquisition agreement, the Company’s shareholders will receive $58.50 per share in cash for each share of MTS common stock that they hold.    


If you own MTS shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:


http://www.weisslawllp.com/mtsc/


Or please contact:



Joshua Rubin, Esq.


WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw is investigating whether (i) MTS’s board of directors acted in the best interests of  Company shareholders in agreeing to the proposed transaction, (ii) the $58.50 per-share merger consideration adequately compensates MTS’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

 

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SOURCE WeissLaw LLP

GLOBAL WARMING SOLUTIONS INC. CEO HAS ENTERED A TWO-YEAR LOCKUP AGREEMENT TO SALE NO SHARES.

Jacksonville, Florida, Dec. 10, 2020 (GLOBE NEWSWIRE) — Global Warming Solutions Inc. (OTC MARKET: GWSO) – a developer of technologies aimed at mitigating the effects of global warming – is pleased to announce that Vladimir Vasilenko, Chief Executive Officer has entered into a voluntary Two-Year lockup agreement to sell no shares.

“Building value for shareholders in a public company requires not only success in establishing a strong business and revenue model, but also maintaining the financial integrity that comes from prudently managing the stock capital structure of the company.

We made a firm commitment to our employees, partners and shareholders that we would focus on executing our business plan with the guiding principle of enhancing shareholder value through profitable revenue growth and diligent oversight of our capital structure,” said Vladimir Vasilenko, CEO of Global Warming Solution Inc. “We will continue to evaluate our stock capital structure to increase shareholder value. It is our team’s primary objective to add value to current and future shareholders through actions reflecting appropriate fiduciary responsibility,” concluded Vasilenko.

In a separate matter, GWSO received a proposal from several shareholders to create a new series of Preferred A Stock to convert their common shares with a 24-month lock-up agreement. GWSO is delighted to announce that multiple shareholders believe in the GWSO management team and its implemented business strategies, and are prepared to invest in GWSO on a long term basis. GWSO’s board of directors is analyzing the proposal, and if the board of directors concurs with the shareholder group, the capital structure of the company will be substantially improved. The Company will update our shareholders on the board of directors’ decision and the outcome of the transaction.

To learn more about Global Warming Solutions, Inc. Visit: http://www.gwsogroup.com

Forward-Looking Statements

This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at https://www.gwsogroup.com.

Contact:

Vladimir Vasilenko
CEO
Global Warming Solutions, Inc.
[email protected]



SHAREHOLDER ALERT: WeissLaw LLP Reminds BMCH, RESI, SFBK, and ACAM Shareholders About Its Ongoing Investigations

PR Newswire

NEW YORK, Dec. 10, 2020 /PRNewswire/ —


If you own shares in any of the companies listed above and

would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:


Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

BMC Stock Holdings, Inc. (NYSE: BMCH)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BMC Stock Holdings, Inc. (NYSE: BMCH) in connection with the proposed acquisition of the company by Builders FirstSource, Inc. (NASDAQ: BLDR).  Under the terms of the merger agreement, BMCH stockholders will receive only 1.3125 BLDR shares for each share of BMCH common stock they own, representing implied per-share merger consideration of $ based upon BLDR’s December 8, 2020 closing price of $.  If you own BMCH shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/bmc-stock-holdings-inc/ 

Front Yard Residential Corporation (NYSE: RESI)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Front Yard Residential Corporation (NYSE: RESI) in connection with the proposed acquisition of the company by a partnership led by Pretium Partners, LLC and Ares Management Corporation.  Under the terms of the merger agreement, RESI shareholders will receive $16.25 per share in cash.  If you own RESI shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/resi/   

SFB Bancorp, Inc. (OTC: SFBK)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of SFB Bancorp, Inc. (OTC: SFBK) in connection with the proposed acquisition of SFBK by Community First Bancorporation.  Under the terms of the merger agreement, SFBK shareholders will receive $33.00 in cash for each SFBK share that they own.  If you own SFBK shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/sfbk/   

Acamar Partners Acquisition Corp. (NASDAQ: ACAM)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Acamar Partners Acquisition Corp. (NASDAQ: ACAM) in connection with the company’s proposed merger with privately-held CarLotz, Inc. (“CarLotz”).  Under the terms of the agreement, ACAM will acquire CarLotz through a reverse merger that will result in CarLotz becoming a public company.  If you own ACAM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslawllp.com/acam/

 

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SOURCE WeissLaw LLP