Intrivo Diagnostics Inks National Distribution Agreements with Concordance Healthcare Solutions and NDC for Access Bio CareStart™ COVID-19 Tests

Major supply chain agreements will ensure broad access to rapid testing solutions for patients and healthcare providers across US

LOS ANGELES, Dec. 03, 2020 (GLOBE NEWSWIRE) — Intrivo Diagnostics, a Los Angeles-based diagnostic testing provider committed to addressing the urgent demand for high-quality testing solutions for COVID-19, today announced that it will begin national distribution and commercialization of diagnostic testing products developed by New Jersey-based testing manufacturer, Access Bio, Inc. through Concordance Healthcare Solutions and NDC, Inc.

As Access Bio’s exclusive US commercialization partner, Intrivo’s new channel agreements will expand the supply chain for the CareStartTM line of COVID-19 testing products across the country, ensuring greater access to testing supplies for healthcare providers and organizations. To date, Access Bio has received FDA Emergency Use Authorization (EUA) for its RT-PCR test, IgM/IgG antibody test and most recently, a rapid point-of-care (POC) antigen test.

“These are landmark agreements for Access Bio and Intrivo, as well as for healthcare providers and their patients in need of high-quality testing,” said Reeve Benaron, Founder, Chairman and CEO, Intrivo Diagnostics. “With the help of our new channel partners, we can dramatically broaden the reach and distribution of our CareStart portfolio, ensuring that healthcare workers and patients have easy access to rapid testing solutions like point-of-care antigen, to diagnose, trace and curb the pandemic’s spread in the name of public health.”

The CareStartTM COVID-19 antigen test is a lateral-flow immunochromatographic assay capable of producing results within 10 minutes of being administered with 88.4% sensitivity and 100% specificity. The test is a self-contained, single-use product designed to detect extracted nucleocapsid protein antigens specific to SARS-CoV-2 in nasopharyngeal specimens collected from individuals suspected of being infected with COVID-19 or exposed to COVID-19. The assay includes a swab, a vial of extraction solution and a cassette the size of a small flash drive. A positive test result is indicated by a visible line in the cassette and doesn’t require any special technical training to use. Each kit can administer up to 20 antigen tests.

Concordance Healthcare Solutions and NDC, Inc. are proven leaders in distributing medical and laboratory products throughout the continuum of care. From providing technologies and delivery solutions, to contract and sales support, their involvement will help Intrivo Diagnostics and Access Bio guarantee delivery of CareStartTM testing solutions safely and cost-effectively throughout the US.

“Testing remains an invaluable tool in America’s fight against COVID-19,” said Mr. Young H. Choi, Chairman and CEO, Access Bio. “By enhancing our supply chain to ensure greater access to our products, we’re confident that our company can play a vital role in helping restore a sense of normalcy to the US. Our tests will not only continue to be critical in diagnosing COVID-19 exposure, but also in corroborating vaccine efficacy as deployment gets underway in 2021.”

Established in 2002, Access Bio has a proven track record of releasing top-performing products, including its CareStartTM Malaria Rapid Diagnostic Test (RDT).

Access Bio distributes its products to more than 120 countries around the world, thanks to scalable infrastructure consisting of R&D and production facilities in the United States, South Korea and Ethiopia. Access Bio is traded on the Korean Stock Exchange (KRX) under the stock symbol, KR: 950130.

For more information about Access Bio and the CareStartTM COVID-19 line of products, please visit: https://accessbiodiagnostics.net/

For more information about Intrivo Diagnostics, please visit: https://intrivo.com/  


About Access Bio:


Access Bio, headquartered in New Jersey, was founded by Mr. Young H. Choi in 2002. The company has a proven track record of releasing top-performing products, including its CareStartTM Malaria Rapid Diagnostic Test (RDT) Access Bio distributes its products to more than 120 countries around the world, thanks to a scalable infrastructure consisting of R&D and production facilities in the U.S., South Korea, and Ethiopia. Access Bio is traded on the Korean Stock Exchange (KRX) under the stock symbol, KR: 950130.


About


Intrivo


Diagnostics:


Headquartered in Los Angeles, Intrivo Diagnostics is an organization driven by science and dedicated to providing sophisticated and accurate diagnostic testing to save lives and slow the spread of infectious diseases. Intrivo Diagnostics’ mission is to distribute exceptional products to address the urgent demand for high-quality diagnostic testing. In keeping with that mission, Intrivo Diagnostic is the exclusive commercialization partner for Access Bio, Inc.’s CareStartTM line of COVID-19 testing products, all of which are solely manufactured in the U.S.


About Concordance Healthcare Solutions
:
Concordance Healthcare Solutions, one of the largest, independent, healthcare distributors in the U.S, is built on over 175 years of combined industry experience through the merger of three of the nation’s premier healthcare distributors. Concordance spans the U.S. market with twenty distribution centers licensed in forty-seven states. Concordance delivers dynamic, dependable service to the entire care continuum including Acute Care, Community Health, Government, Home Care, Hospice, Laboratory, Long Term Care, Primary Care and Surgery Centers. In addition, Concordance has experts dedicated to healthcare education and redistribution while offering comprehensive support for every step of your equipment, remodeling and construction project needs. To learn more, please visit www.concordancehealthcare.com.


About NDC, Inc.
:
Founded in 1953, NDC serves the largest network of healthcare distributors in North America, with more than 1,200 distributors located throughout the United States, Canada, Puerto Rico and Guam. NDC also serves over 700 healthcare manufacturers and most major GPOs. Through our distribution partnerships, NDC services providers across the full continuum of healthcare. We aim to serve our customers by helping to access new markets and products, grow sales, and reduce operating and transaction costs. Learn more at www.ndc-inc.com.

Media Contact:

Veronica Amenta
[email protected]

 



BigPanda Demonstrates Significant Growth and Momentum as Market Increases Demand for AIOps to Support Digital Business

Company Announces New ServiceNow Integration, BigPanda University, and Other Key Pillars for Self-Service Experience to Deliver Customer Value Quickly

SAN FRANCISCO, Dec. 03, 2020 (GLOBE NEWSWIRE) — BigPanda, Inc., provider of the first Event Correlation and Automation platform powered by AIOps, today announced significant momentum in the face of the challenges brought by COVID-19, including a number of key customer wins and powerful new integration capabilities to support ServiceNow customers and a multitude of other systems. In addition, the company has launched a new online self-service resource called BigPanda University, and is offering to meet attendees at the upcoming Gartner IT Infrastructure, Operations and Cloud Strategies Conference 2020.

2020 Growth and Customer Success

During fiscal year 2020, the company added 31 Fortune 500 companies as customers, including seven in the Fortune 100, doubling its enterprise customer base. New customers include household names across all industries and sizes, including Expedia, Sony Interactive, Wiley, Fanatics, LogMeIn and TIVIT. To capitalize on their momentum, the company has continued to build out the Go To Market team to support accelerated growth in 2021.

This year, BigPanda also saw a 96% renewal rate across their customer base, with a 99.4% cumulative customer satisfaction score. This demonstrates that, in addition to new growth, the business is retaining happy customers who see strategic and continued value in BigPanda’s solution.

“Every business faced a multitude of unforeseen challenges in 2020, so we’re both proud and grateful to our new and existing customers who continue to place trust in us as they navigate today’s circumstances,” said Assaf Resnick, CEO and co-founder, BigPanda. “As we look ahead to 2021, we have put ourselves in an advantageous competitive position, and our commitment to continually evolving our industry-leading platform will keep us there for the foreseeable future.”

New AIOps Integration with ServiceNow

Based on customer demand, BigPanda has developed a new integration with ServiceNow, providing additional value to joint customers from their ServiceNow instances. With today’s large enterprises embracing a best-of-breed tools strategy involving the adoption of world-class solutions like ServiceNow and BigPanda, this new integration enables:

  • Easily customizable ticketing automation. In minutes, users can quickly customize and fine-tune the behavior of their ticketing integration (e.g. define new logic to populate the priority of a ticket or link a ticket to specific CIs based on alert tags) without needing to rely on expensive professional services or a long in-house development project.
  • Enhanced,
    highly intuitive administration UI. The new streamlined admin UI enables users to easily and quickly configure and customize all three aspects of the integration: Automated Ticketing, Change Management and CMDB/Topology.
  • Fully extendable capabilities. For customers looking to create highly advanced logic, BigPanda makes it easy to customize and tweak the integration’s ServiceNow scripts and business rules. BigPanda provides an out-of-the-box library of examples, code snippets and documentation for fast results.

Additionally, BigPanda has announced the launch of Integrations Diagnostics, a new capability that helps customers rapidly build, fine-tune and troubleshoot custom integrations on their own, and bring in new sources of data and address evolving business needs. Integrations Diagnostics makes it easy for teams to bring in data from commercial, homegrown, legacy or other niche tools with the full support that BigPanda is known for.

Introducing BigPanda University

The company has also announced the launch of BigPanda University, an online resource where prospects and customers can consume content including a library of “Getting Started” videos, guides and best practices documentation to help users get the most value from the BigPanda platform. BigPanda University reaffirms the company’s commitment to ease-of-use and a world-class, self-service user experience by providing the necessary tools to empower and enable success throughout the AIOps journey.

BigPanda University also offers advanced learning opportunities, allowing users to take a deeper dive and walk through the steps of a highly effective workflow for incident management.

“One aspect of a comprehensive self-service experience is the creation of an extensive set of customer education content, for all the stages of the product onboarding process and all levels of usage,” said Elik Eizenberg, Chief Technology Officer and co-founder, BigPanda. “The content housed under the BigPanda University umbrella are valuable companions to our comprehensive documentation library and FAQ knowledge base, further reinforcing the rapid time to value we deliver for our users.”

BigPanda at the Gartner IT Infrastructure, Operations & Cloud Strategies Conference

BigPanda will take part in the Gartner IT Infrastructure, Operations & Cloud Strategies Conference, an online event taking place Dec. 7-10. The company will meet with Gartner customers and analysts during the virtual conference, showcasing its AIOps-powered Event Correlation and Automation solution and to attendees who want to understand how they can successfully adopt AIOps.

A complete conference agenda can be found here.

Why BigPanda

BigPanda helps businesses prevent and resolve IT outages with their platform for Event Correlation and Automation, powered by AIOps. Without BigPanda, IT Ops and DevOps teams struggle with manual and reactive incident response capabilities that are badly suited for the scale, complexity and velocity of modern IT environments. This results in painful outages, unhappy customers, growing IT headcount and the inability to focus on innovation.

Fortune 500 enterprises such as Intel, Cisco, United, Nike, Marriott and Expedia rely on BigPanda to prevent outages, reduce costs, and give their teams time back for digital transformation. BigPanda helps organizations take a giant step towards Autonomous IT Operations by turning IT noise into insights and manual tasks into automated actions. BigPanda is backed by top-tier investors including Sequoia Capital, Mayfield, Battery Ventures, Greenfield Partners and Insight Partners. Visit www.bigpanda.io for more information.

Media contact:

Sammy Totah
BOCA Communications for BigPanda
[email protected]



Star2Star Awarded 2020 Unified Communications TMC Labs Innovation Award

SARASOTA, Fla., Dec. 03, 2020 (GLOBE NEWSWIRE) — Star2Star, a global leader in cloud-native communications, collaboration, and integration solutions for the enterprise, announced today that TMC, a global, integrated media company, and its TMC Labs product review division, named their cloud-native platform as a 2020 Unified Communications TMC Labs Innovation Award winner. This is the third year Star2Star has been recognized with this award.

Star2Star’s unique approach to business communications and collaboration started with their innovative on-premise cloud solution and proprietary network backbone. Their portfolio has grown to include a comprehensive suite including cloud and on-premise solutions, Team Hub for collaboration, browser-based Video Meetings, Service Insight for customer engagement, and advanced Contact Center software. Star2Star also differentiates themselves in the market as a leader in customization and integration options with their Integration Studio, which offers a wide selection of microapp integrations to any third-party software, and a Desktop-as-a-Service solution powered by Citrix Virtual Workspaces.

“We are thrilled to be recognized as a recipient of the TMC Labs Innovation Award,” said Michelle Accardi President and Chief Revenue Officer at Star2Star. “Innovation is a core motivation for us, and we have striven to continuously deliver better and smarter technology for our customers. Our on-premise cloud platform, the first of its kind on the market, started it all, and we are proud of how far we have come! We look forward to consistently providing the solutions our customers need to overcome any business challenge.”

The TMC Labs Innovation Award is selected by the distinguished engineers at TMC Labs and honors products that have demonstrated innovation, unique features, and noteworthy developments toward improving communications technology.

“Star2Star has displayed its commitment to quality and innovation in the development of the unified communications industry,” said Rich Tehrani, CEO, TMC. “I look forward to more innovation from Star2Star and their continued effort toward improving the future of the UC industry.”

The 2020 TMC Labs Innovation Award winners will be featured on INTERNET TELEPHONY online.

About Star2Star

In an increasingly complex world, businesses need to simplify the way they communicate, collaborate, and seamlessly integrate third-party applications into their operations and processes. Star2Star meets that need with its patented cloud-native collaboration platform designed for the modern enterprise that extends the company’s record of success in maintaining a 99.4% customer retention rate.

Star2Star has delivered consistently innovative solutions to enterprise communication and collaboration challenges since 2006. Throughout its history, it has demonstrated a commitment to the continuous upgrading of cutting-edge technology to anticipate and address rapidly evolving enterprise needs. The company entered the market as the only UCaaS provider with an on-premises cloud platform that combined cloud flexibility with an ultra-reliable proprietary network. Today, its suite of enterprise communication and collaboration solutions offers unparalleled value, reliability, quality, scalability, and capacity to unify people and processes within an intuitive, cloud-native environment.

Star2Star has been named to such prestigious lists as the Deloitte Technology Fast 500, Inc. 500|5000, Omdia Top 10 UCaaS Service Provider, and Forbes Most Promising Companies. Recognition of its pioneering innovation in the enterprise cloud market extends to major industry analyst indicators such as inclusion in the Frost Radar North American Hosted IP Telephony and UCaaS Industry reports and the Gartner Magic Quadrant for UCaaS, Worldwide.

Casey O’Loughlin
[email protected] 



Parexel Named Best Contract Research Organization by Scrip

Company recognized for innovative and effective use of real-world data and flexible trial designs

BOSTON and DURHAM, N.C., Dec. 03, 2020 (GLOBE NEWSWIRE) — Parexel, a leading provider of solutions to accelerate the development and delivery of innovative therapies to improve world health, from clinical through commercialization, today announced it was named the “Best Contract Research Organization” in the Full-Service Provider category at the Digital 16th Annual Scrip Awards. The award was presented at the virtual awards ceremony Dec. 2.

“This award belongs to our exceptionally talented staff — the people working tirelessly to deliver critical insights for our customers and improve patient outcomes,” said Jamie Macdonald, Chief Executive Officer. “We are honored to be recognized as the industry’s Best CRO by Scrip and even more pleased to see our industry — in the face of a global pandemic — take this opportunity to accelerate the adoption of a real-world, data-driven approach to clinical trial design to bring new therapies to patients sooner.”

The annual Scrip awards, organized by Informa Pharma Intelligence, the premier source of information for the global pharmaceutical and biomedical industry, are designed to celebrate the contributions of the pharmaceutical, biotech and other allied industries to improving human health worldwide. Parexel was selected by a distinguished panel of life science industry executives based on the company’s capabilities and strengths specifically related to delivering results to exceed sponsor expectations; providing innovative patient recruitment strategies; improving quality of data, timelines and transparency; and streamlining data collection and reporting.

About Parexel

Parexel supports the development of innovative new medicines to improve the health of patients. We provide services to help life science and biopharmaceutical clients everywhere transform scientific discoveries into new treatments. From clinical trials to regulatory and consulting services to commercial and market access, our therapeutic, technical and functional ability is underpinned by a deep conviction in what we do. For more information, visit our website and follow us on LinkedInTwitter and Instagram.

CONTACT:

Parexel

Lori Dorer
+1 978 495 4135
[email protected]

W2O

Lindsay LeCain
+1 508 259 9521
[email protected]



Globus Maritime Sets Date for the Release of Third Quarter and Nine Months 2020 Results

GLYFADA, Greece, Dec. 03, 2020 (GLOBE NEWSWIRE) — Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that it will release financial results for the three and nine months period ended September 30, 2020, after the market closes in New York on Friday December 4, 2020.

About Globus Maritime Limited

Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of six dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’ subsidiaries own and operate six vessels with a total carrying capacity of 381,738 Dwt and a weighted average age of 10.9 years as of September 30, 2020.

For further information please contact:
Globus Maritime Limited +30 210 960 8300
Athanasios Feidakis [email protected]
   
Capital Link – New York +1 212 661 7566
Nicolas Bornozis [email protected]



QuantumScape Corporation to Host and Livestream Solid-State Battery Showcase Event on December 8, 2020

QuantumScape Corporation to Host and Livestream Solid-State Battery Showcase Event on December 8, 2020

SAN JOSE, Calif.–(BUSINESS WIRE)–
QuantumScape Corporation (“QuantumScape”), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles (EVs), announced today that it will be providing a first look at its solid-state electric vehicle battery technology at its “Solid-State Battery Showcase” on December 8, 2020, at 11am ET. The event can be accessed via the following link: quantumscape.com/livestream.

Jagdeep Singh, Founder and Chief Executive Officer of QuantumScape, will unveil new performance data on QuantumScape’s unique solid-state battery technology, demonstrating how the company has addressed some of the fundamental issues that are holding back widespread adoption of solid-state batteries. The innovation in QuantumScape’s technology is designed to enable the EV industry to move beyond the performance and physical limits of the current lithium-ion design, which should facilitate more widespread electrification of the transportation sector and enable a lower-carbon future.

The event will also feature an all-star panel of battery scientists and automotive experts who will discuss their views on solid-state batteries and QuantumScape’s technology, and what this technological advancement could mean for the EV industry. The panel will include Prof. Stan Whittingham, co-inventor of the lithium-ion battery and winner of the 2019 Nobel prize in chemistry; Prof. Paul Albertus, former head of the US DOE ARPA-E IONCS solid-state battery program and professor of chemical engineering at the University of Maryland; Prof. Venkat Vishwanathan, battery expert, former lithium-air researcher, and professor of mechanical engineering at Carnegie-Mellon University; Prof. Juergen Leohold, former head of group research at Volkswagen; JB Straubel, co-founder and former CTO of Tesla, and co-founder and CEO of Redwood Materials. The panel will be moderated by Dr. Dave Danielson, first employee at ARPA-E, former head of the US DOE’s EERE program, Precourt scholar at Stanford University, and managing director at Breakthrough Energy Ventures.

About QuantumScape Corporation

QuantumScape is a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles. The company’s mission is to revolutionize energy storage to enable a sustainable future.

For additional information, please visit www.quantumscape.com

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline and performance of QuantumScape’s products and technology are forward-looking statements. When used in this press release, the words “is designed to,” “could,” “should,” “enables,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements, including statements about other solid-state battery systems and their limitations, and our belief that our battery solution opens the industry up to the next generation of EVs, are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside QS’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) QS faces significant barriers in its attempts to scale from a single layer pouch cell and complete development of its solid-state battery cell and related manufacturing processes, and development may not be successful, (ii) QS may encounter substantial delays in the development, manufacture, regulatory approval, and launch of QS solid-state battery cells, which could prevent QS from commercializing products on a timely basis, if at all, (iii) QS may be unable to adequately control the costs of manufacturing its solid-state separator and battery cells, and (iv) QS may not be successful in competing in the battery market. QS cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect QS is set forth under the “Risk Factors” section in the proxy statement/prospectus/information statement filed by Kensington Capital Acquisition Corp. with the SEC on November 12, 2020 and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.

For Investors

[email protected]

For Media

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Other Transport Technology Automotive General Automotive Transport Other Technology Automotive Manufacturing Alternative Energy Manufacturing Energy

MEDIA:

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Allied Corp. Strengthens National Brand Support with the Signing of Elite Athlete David Lipson

KELOWNA, British Columbia, Dec. 03, 2020 (GLOBE NEWSWIRE) — Allied Corp. (“Allied” or the “Company”) (OTCQB: ALID), an international medical cannabis company focused on creating and providing targeted cannabinoid health solutions to address today’s medical issues is pleased to announce an endorsement contract with elite athlete, David Lipson (“Lipson”), Founder of Thunder Bro Athletic Company.

Lipson is a world-renowned athlete that founded an elite athlete training company called “Thundrbro”. As a professional baseball player and now a strength and conditioning leader, Lipson travels the world training trainers on how nutrition, training and athletic mind set impact sport performance and life. Lipson’s National reputation in the Unites States has several thousands of followers that adhere to his training programs and is well respected athlete within the trainer community. Lipson has trained entertainment celebrities, professional Major League Baseball and National Football League athletes and Crossfit Games champions.

Thundrbro is a training and lifestyle brand with a goal to bring quality products, information, and resources to help people live optimally. Building a camaraderie and respect for every member of the Thundrbro community is rooted in brotherhood, hard work, and optimal living. The Thundrbro mission is to make the world a better place through physical training, mental toughness with a winning mindset. The whole goal is to become better together and elevate those around you. This is very much aligned with Allied’s products.

The strong vision that Thundrbro brings to the world aligns with Allied’s vision to help those suffering heal within community. Peer support and access to resources is a large part of what Allied offers. Included in this is Allied’s products that are offered under its four brands: Equilibrium Bio, Tactical Relief, MaXXa and Buds Pure Naturals. Under each brand there are several products currently offered for sale.

“I believe that what the Allied team is building perfectly aligns with the Thundrbro approach to life. Hard work, elevated mindset and a healthy approach to life is what the Thundrbro tribe strives for. I believe in the products and stand behind Allied’s vision in creating pharmaceutical and natural health products for targeted health and wellness.” says David Lipson, Allied Brand Ambassador.

“With the launch of Equilibrium, this further extends our brand portfolio beyond the typical CBD products currently in the marketplace. With months of product development, formulating the proper taste and hydration profiles, we truly believe we have developed a product that will be widely recognized by elite athletes, and rapidly become one of our best selling products. All of our products are formulated with an end user in mind and we are one of a handful of companies to develop a CBD drink that delivers on taste and performance.” said Calum Hughes, Founder and CEO of Allied Corp.

Some of
Allied’s
Products:
https://tacticalrelief.com/cbdproducts/

About the Tactical Relief™ Brand by Allied:

Tactical Relief™ is a patriotic brand under which health and wellness product are brought to market to serve veterans and first responders. The flagship product “Liberty” is a hemp derived CBD tincture for sale in the US. Additional products include Tactical Hydration, a CBD infused electrolyte replacement drink.

About the Equilibrium Bio™ Brand by Allied:

Equilibrium Bio is a lifestyle brand that is focused on everything Athletic. From Crossfit workouts to Ironman races to general athletic consumers, Equilibrium Bio products are there with the athlete along the entire competitive journey. Hydration is a primary focus for this brand and its products.

About the
MaXXa
Brand by Allied:

MaXXa is an elegant line of health products that was brought to market to serve the health minded population cohort that care about their skin. The flagship products consist of CBD infused anti-aging eye serum, topical skin tightening lotions, lip care products and skin care creams.

For more general information on
Allied Corp
.
 visit www.allied.health

About Allied Corp.

Allied Corp. is an international medical cannabis production company with a mission to address today’s medical issues by researching, creating and producing targeted cannabinoid health solutions. Allied Corp. uses an evidence-informed scientific approach to make this mission possible, through cutting-edge pharmaceutical research and development, innovative plant-based production and unique development of therapeutic products.

Investor Relations:

[email protected]

1-877-255-4337

Forward-Looking Statements:

This press release contains “forward-looking information” within the meaning of applicable securities laws in Canada or “forward-looking statements” made pursuant to the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking information”). Forward-looking information may relate to the Company’s future outlook and anticipated events, plans or results, and may include information regarding the Company’s objectives, goals, strategies, future revenue or performance and capital expenditures, and other information that is not historical information. Forward-looking information can often be identified by the use of terminology such as “believe,” “anticipate,” “plan,” “expect,” “pending,” “in process,” “intend,” “estimate,” “project,” “may,” “will,” “should,” “would,” “could,” “can,” the negatives thereof, variations thereon and similar expressions. The forward-looking information contained in this press release is based on the Company’s opinions, estimates and assumptions in light of management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management currently believes are appropriate and reasonable in the circumstances. Forward looking statements in this press release include the following: that Allied is leveraging the conditions in its Colombia grow operation and future Kelowna location to support its Research and Development efforts; that Allied is making important strides forward to position itself as a leader in the medical cannabis space, that Allied intends to make a series of proposed trademark and other intellectual property protection filings, as part of the Company’s Intellectual Property and Pharma Development (IP&PD) Strategy, statements respecting the joint development, manufacturing, and introduction of TACTICAL RELIEF™ branded products, and the use of proceeds from the offering of convertible notes.

There can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Risk factors that could cause actual results to differ materially from forward-looking information in this release include: the Company’s exposure to legal and regulatory risk; the effect of the legalization of adult-use cannabis in Canada and Colombia on the medical cannabis industry is unknown and may significantly and negatively affect the Company’s medical cannabis business; that the medical benefits, viability, safety, efficacy, dosing and social acceptance of cannabis are not as currently expected; that adverse changes or developments affecting the Company’s main or planned facilities may have an adverse effect on the Company; that the medical cannabis industry and market may not continue to exist or develop as anticipated or the Company may not be able to succeed in this market; risks related to completion of the greenhouse construction in Colombia, risks related to market competition; risks related to the proposed adult-use cannabis industry and market in Canada and Colombia including the Company’s ability to enter into or compete in such markets; that the Company has a limited operating history and a history of net losses and that it may not achieve or maintain profitability in the future; risks related to the Company’s current or proposed international operations; risks related to future third party strategic alliances or the expansion of currently existing relationships with third parties; that the Company may not be able to successfully identify and execute future acquisitions or dispositions or successfully manage the impacts of such transactions on its operations; risks inherent to the operation of an agricultural business; that the Company may be unable to attract, develop and retain key personnel; risks resulting from significant interruptions to the Company’s access to certain key inputs such as raw materials, electricity, water and other utilities; that the Company may be unable to transport its cannabis products to patients in a safe and efficient manner; risks related to recalls of the Company’s cannabis products or product liability or regulatory claims or actions involving the Company’s cannabis products; risks related to the Company’s reliance on pharmaceutical distributors; that the Company, or the cannabis industry more generally, may receive unfavourable publicity or become subject to negative consumer or investor perception; that certain events or developments in the cannabis industry more generally may impact the Company’s reputation or its relationships with customers or suppliers; that the Company may not be able to obtain adequate insurance coverage in respect of the risks that it faces, that the premiums for such insurance may not continue to be commercially justifiable or that there may be coverage limitations and other exclusions which may result in such insurance not being sufficient; that the Company may become subject to liability arising from fraudulent or illegal activity by its employees, contractors, consultants and others; that the Company may experience breaches of security at its facilities or losses as a result of the theft of its products; risks related to the Company’s information technology systems; that the Company may be unable to sustain its revenue growth and development; that the Company may be unable to expand its operations quickly enough to meet demand or manage its operations beyond their current scale; that the Company may be unable to secure adequate or reliable sources of necessary funding; risks related to, or associated with, the Company’s exposure to reporting requirements; risks related to conflicts of interest; risks related to fluctuations in foreign currency exchange rates; risks related to the Company’s potential exposure to greater-than-anticipated tax liabilities; risks related to the protection and enforcement of the Company’s intellectual property rights, or the intellectual property that it licenses from others; that the Company may become subject to allegations that it or its licensors are in violation of the intellectual property rights of third parties; that the Company may not realize the full benefit of the clinical trials or studies that it participates in; that the Company may not realize the full benefit of its licenses if the licensed material has less market appeal than expected and the licenses may not be profitable; as well as any other risks that may be further described in and the risk factors discussed in the Company’s continuous disclosure including its Management’s Discussion and Analysis sections in its Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K filed under the Company’s profile at www.sec.gov.

Although management has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking information in this presentation, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information in this presentation. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers and viewers should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this release represents the Company’s expectations as of the date of this release or the date indicated, regardless of the time of delivery of the presentation. The Company disclaims any intention, obligation or undertaking to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.



Truist Foundation supports American Red Cross humanitarian mission through Annual Disaster Giving Program

Funding enables the Red Cross to prepare for and respond to disasters

PR Newswire

WASHINGTON, Dec. 3, 2020 /PRNewswire/ — Today, the American Red Cross is recognizing Truist Foundation, headquartered in Charlotte, North Carolina, for supporting Red Cross Disaster Relief through the Annual Disaster Giving Program (ADGP) with an annual grant of $1 million. Thanks to forward-thinking contributions in advance of disasters, the Red Cross is prepared to help meet the needs of people affected by disasters big and small, anytime and anywhere across the U.S.

ADGP members — along with their employees and customers — pledge financial and in-kind donations in advance of disasters, powering the Red Cross with strong infrastructure, trained volunteers, innovative technology and critical resources necessary to provide relief and support to those in crisis. These annual contributions allow the Red Cross to respond whenever and wherever disasters occur, help families during the recovery process and prepare people for future emergencies.

“We’re honored to count Truist Foundation as a valued member of our Annual Disaster Giving Program,” said Gail McGovern, president and CEO at the American Red Cross. “ADGP members are truly unique because their generous contributions to the Red Cross in advance of disasters allow us to prepare communities nationwide for emergencies and to respond immediately with food, shelter and care after a disaster strikes to help people in need whenever and wherever.”

“Truist Foundation is committed to partnering with organizations that share our purpose to inspire and build better lives and communities,” said Lynette Bell, president of the Truist Foundation. “American Red Cross provides immediate support to individuals and communities when disasters strike, offering comfort and hope to help them recover. We’re proud to help ensure the American Red Cross can continue this tremendous and meaningful work.”

From back-to-back hurricanes to record-breaking wildfires, Red Cross volunteers have worked tirelessly this year to provide food, emergency lodging and comfort to hundreds of thousands of people in need across the country. With the generosity of ADGP members like Truist Foundation, the Red Cross had critical resources on hand — before these disasters struck — to immediately mobilize supplies, equipment and trained disaster workers where they were needed most. Advance contributions by ADGP members have also enabled the Red Cross to adapt its services to help keep everyone safe during the coronavirus pandemic.

While large disasters like hurricanes, wildfires, floods and tornadoes typically draw national attention, each year, the Red Cross responds to more than 60,000 disasters across the country — the majority of which are home fires. Generous contributions from ADGP members enable the Red Cross to provide services to people in need of assistance at no cost and regardless of income.

And thanks to ADGP members, Red Cross volunteers are also in their local communities every day, conducting disaster preparedness presentations and giving people the reassurance and confidence to face crises of all kinds. 

Individuals can help people affected by disasters big and small by making a gift to American Red Cross Disaster Relief. Donations to Disaster Relief enable the Red Cross to prepare for, respond to and help people recover from disasters. Visit redcross.org, call 1-800-REDCROSS or text the word REDCROSS to 90999 to make a $10 donation.


About the American Red Cross

The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies about 40% of the nation’s blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit redcross.org or cruzrojaamericana.org, or visit us on Twitter at @RedCross.


About Truist Foundation

 

The Truist Foundation is committed to Truist Financial Corporation’s (NYSE: TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. The Truist Foundation’s grants and activities focus on leadership development, economic mobility, thriving communities and educational equity. Learn more at Truist.com/Truist-Foundation.

National Headquarters

431 18th Street NW
Washington, DC 20006
redcross.org 

Media Contacts:

Public Affairs Desk
Telephone: (202) 303-5551
[email protected]

Audria Belton

[email protected]

 

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SOURCE American Red Cross

Court Must Add NCLA-Obtained Documents Enumerating USDA’s Violations of FACA to Record

RCALF-USA, et al. v. U.S. Department of Agriculture, et al.

Washington, D.C., Dec. 03, 2020 (GLOBE NEWSWIRE) — The New Civil Liberties Alliance, a nonpartisan nonprofit civil rights group, filed a motion for completion of the record or for consideration of extra-record evidence attaching nine incriminating documents in the U.S. District Court for the District of Wyoming in R-CALF, et al. v. USDA, et al. The lawsuit challenges USDA’s violation of  both the Federal Advisory Committee Act (FACA) and the Administrative Procedure Act (APA) by establishing and utilizing two separate advisory committees to provide recommendations for implementing the mandatory use of “radio frequency identification” (RFID) eartags, but failing to follow the proper procedures for doing so.

In 2017, USDA’s Animal and Plant Health Inspection Service (APHIS) established the “Cattle Traceability Working Group.” NCLA client Kenny Fox was a member of the CTWG and a vocal critic of its proposals to require RFID eartags. Upon discovering that the CTWG was not producing the pro-RFID recommendations they desired, certain CTWG members sought to exclude anyone who opposed mandatory RFID from further participation, eventually starting a second advisory committee called the “Producer Traceability Council” or PTC. High-level USDA employees were actively involved with both the CTWG and PTC, but failed to follow the requirements of FACA by, among other things, ignoring public notice requirements and blocking participation of those opposed to RFID requirements. Mr. Fox and other cattle producers who oppose mandating RFID eartag use have been entirely excluded from PTC membership, with only pro-RFID individuals and companies (such as electronic eartag manufacturers) being allowed to participate.

The present motion is asking the court to add nine documents to the Administrative Record in this case. All of them are crucial to the issue at hand—showing that USDA “established” and “utilized” the CTWG and PTC as advisory committees in the development of the 2019 Factsheet and policy to move forward with mandating cattle and bison producers to use RFID eartags. The proffered documents enumerate the involvement of the senior USDA officials in creating and orchestrating the CTWG’s recommendations for USDA to adopt a mandatory RFID regime—such as organizing the Strategy Forum in 2017 where CTWG was established and later called “Our [USDA’s] National Forum,” as well as drafting the white paper in the aftermath.

The USDA’s briefs filed to date suggest that it will defend itself against R-CALF’s FACA claims by asserting that the Act is inapplicable to USDA’s interactions with the two advisory committees. It is important for the court to add the proffered documents to the Administrative Record in order to consider them when evaluating the ultimate question of whether USDA violated FACA when establishing and working with these two groups—while also failing to comply with the procedural requirements of the Act.

NCLA released the following statement:

“Our battle against USDA’s unlawful push to force livestock producers to use RFID eartags continues.  Our latest efforts are designed to ensure that the Court has a full record on which to evaluate our FACA claim against USDA. While USDA has sought to avoid its obligations under FACA and the APA, we will keep moving forward to demand accountability and transparency in order to protect the constitutional and property rights of livestock producers throughout the country.”

— Harriet Hageman, Senior Litigation Counsel, NCLA

For more information visit the case page
here
.

ABOUT NCLA

NCLA is a nonpartisan, nonprofit civil rights group founded by prominent legal scholar Philip Hamburger to protect constitutional freedoms from violations by the Administrative State. NCLA’s public-interest litigation and other pro bono advocacy strive to tame the unlawful power of state and federal agencies and to foster a new civil liberties movement that will help restore Americans’ fundamental rights.

 

###

 

 



Judy Pino, Communications Director
New Civil Liberties Alliance
202-869-5218
[email protected]

Intuit Completes Acquisition of Credit Karma

Intuit Completes Acquisition of Credit Karma

Companies Will Provide a Personal Financial Assistant to Power Prosperity

Acquisition Paves the Way to Help Over 100 Million Consumers Save, Pay Down Debt and Get Faster Access to Money

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–
Intuit (Nasdaq: INTU), proud maker of TurboTax, QuickBooks and Mint, today announced that it has completed its acquisition of Credit Karma, Inc., the consumer technology platform with more than 110 million members in the U.S., Canada and U.K. The combined company creates a new consumer finance platform that will make it simple for consumers to make better decisions with their money and take control of their financial lives.

This combination of trusted brands will support customers during a time in which the challenges of a global pandemic have made their personal finance needs even more critical. Currently, 62% of consumers are living paycheck-to-paycheck, 75% of Americans have concerns about their ability to pay bills and loans, and 33% of Americans have lost income during the pandemic while household debt in the U.S. has reached $14.3 trillion. These challenges add even greater urgency to Intuit’s and Credit Karma’s shared goal of delivering a personal financial assistant to help consumers improve their lives by finding financial products to increase savings, pay down debt and access their money faster.

“We’re thrilled to begin our journey together to create a mobile, personal financial assistant for consumers to help solve their most pressing financial problems,” said Sasan Goodarzi, CEO of Intuit. “Together, we will help consumers achieve financial success with confidence by helping them find the right financial products, put more money in their pockets, and provide financial expertise and advice. I personally want to welcome Ken and the Credit Karma team to the Intuit family. We at Intuit have been fans of theirs for some time and are ready to start our journey together.”

“We founded Credit Karma with the goal of helping consumers make financial progress by giving them the resources and information they need to take control of their financial health,” said Kenneth Lin, founder and CEO of Credit Karma. “In Intuit we found a partner who not only shares this mission and our values but has the technology and track record to help accelerate our progress so we can do even more for current and new members. That means the possibility of delivering on our current product roadmap in months, instead of what could have taken years. We are excited to hit the ground running and turn our vision into reality.”

As a result of the combined company’s capabilities and accelerated innovation, consumers, including the 57M Intuit customers and 110M Credit Karma members, will quickly see break-through benefits. Consumers will find the right financial products including unparalleled offers on credit cards, loans and insurance. The platform will also help enable them to maximize their tax refund and connect them to high-yield savings accounts and checking accounts, providing them faster access to their money. Consumers will also get access to financial expertise and advice, actionable insights, tools and live experts to help them better understand their complete financial picture, make better financial decisions and build wealth.

Transaction Details

Intuit has closed its acquisition of Credit Karma for a total consideration of approximately $3.4 billion in cash and 13.3 million shares of Intuit stock and equity awards with a value of $4.7 billion. The total consideration includes approximately $300 million of acquired cash. Intuit will also grant approximately $300 million of restricted stock units to Credit Karma employees shortly after the closing of the transaction. Further transaction details can be found in the company’s Form 8-K filed with the SEC today.

Qatalyst Partners served as Intuit’s financial advisor and Latham & Watkins, LLP as Intuit’s legal advisor. Goldman Sachs & Co. LLC served as Credit Karma’s financial advisor, with Skadden, Arps, Slate, Meagher & Flom LLP and Wilson Sonsini Goodrich & Rosati providing legal counsel to Credit Karma.

Guidance Update Conference Call Details

Intuit executives will host a conference call to discuss updated guidance to include Credit Karma for the second quarter and full year of fiscal 2021 at 1:30 p.m. Pacific time on December 7. To participate in the call, dial 866-417-5279 in the United States or 409-937-8904 from international locations. No reservation or access code is needed. The conference call can also be heard live at http://investors.intuit.com/Events/default.aspx. Prepared remarks for the call will be available on Intuit’s website after the call ends.

Replay Information

A replay of this conference call will be available for one week by calling 855-859-2056, or 404-537-3406 from international locations. The access code for this call is 1335808. The audio webcast will remain available on Intuit’s website for one week after the conference call.

About Intuit

Intuit’s mission is to power prosperity around the world. We are a mission-driven, global financial platform company with products including TurboTax, QuickBooks, and Mint, designed to empower consumers, self-employed and small businesses to improve their financial lives. Our platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions. Our innovative ecosystem of financial management solutions serves more than 50 million customers worldwide. Please visit us for the latest news and in-depth information about Intuit and its brands and find us on social.

About Credit Karma

Founded in 2007 by Kenneth Lin, Credit Karma is a consumer technology company with more than 110 million members in the U.S, U.K. and Canada, including over half of all U.S. millennials. While best known for pioneering free credit scores, the company’s members turn to Credit Karma for everything related to their financial goals, including identity monitoring, applying for credit cards, shopping for loans (car, home and personal), insurance, high-yield savings accounts and now checking accounts through our bank partner, MVB Bank, Inc., Member FDIC — all for free. Learn more about how Credit Karma members are making financial progress on Instagram, Facebook and Twitter.

Cautions About Forward-looking Statements

This communication contains forward-looking statements within the meaning of applicable securities laws, including expectations regarding our current and future products and their impact on the combined business; expectations regarding the timing and availability of our and Credit Karma’s offerings; expectations regarding the impact of our strategic decisions on Intuit’s business; and expectations regarding the impact of the Credit Karma acquisition. Forward-looking statements and information usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of our operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “will,” “estimate,” “outlook” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. These risks and uncertainties may be amplified by the COVID-19 pandemic, which has caused significant global economic instability and uncertainty. Given these risks and uncertainties, persons reading this communication are cautioned not to place any undue reliance on such forward-looking statements. The factors that could cause actual results to differ materially include, without limitation, the following: our ability to compete successfully; our participation in the Free File Alliance; potential governmental encroachment in our tax businesses; our ability to adapt to technological change; our ability to predict consumer behavior; our reliance on third-party intellectual property; our ability to protect our intellectual property rights; any harm to our reputation; risks associated with acquisition and divestiture activity; the issuance of equity or incurrence of debt to fund an acquisition; our cybersecurity incidents (including those affecting the third parties we rely on); customer concerns about privacy and cybersecurity incidents; fraudulent activities by third parties using our offerings; our failure to process transactions effectively; interruption or failure of our information technology; our ability to maintain critical third-party business relationships; our ability to attract and retain talent; any deficiency in the quality or accuracy of our products (including the advice given by experts on our platform); any delays in product launches; difficulties in processing or filing customer tax submissions; risks associated with international operations; changes to public policy, laws or regulations affecting our businesses; litigation in which we are involved; the seasonal nature of our tax business; changes in tax rates and tax reform legislation; global economic changes; exposure to credit, counterparty or other risks in providing capital to businesses; amortization of acquired intangible assets and impairment charges; our ability to repay or otherwise comply with the terms of our outstanding debt; our ability to repurchase shares or distribute dividends; volatility of our stock price; our ability to successfully market our offerings risks associated with tax liabilities or changes in U.S. federal tax laws or interpretations to which the transaction with Credit Karma or parties thereto are subject; failure to successfully integrate any new business; failure to realize anticipated benefits of any combined operations; unanticipated costs of integrating Credit Karma; the risk that the conditions imposed in connection with the regulatory approval for the combined business, including the divestiture of the Credit Karma Tax business, could adversely affect us and/or the expected benefits of the combined business; potential impact of consummation of the proposed acquisition on relationships with third parties, including employees, customers, partners and competitors; inability to retain key personnel; changes in legislation or government regulations affecting the acquisition or the parties; economic, and or political conditions that could adversely affect the acquisition or the parties; the impact of the COVID-19 pandemic; and risks associated with assumptions the parties make in connection with the parties’ critical accounting estimates and legal proceedings.

More details about these and other risks that may impact our business are included in our Form 10-K for fiscal 2020 and in our other SEC filings. You can locate these reports through our website at http://investors.intuit.com. Forward-looking statements represent the judgment of the management of Intuit as of the date of this presentation. We do not undertake any duty to update any forward-looking statement or other information in this presentation.

Investors

Kim Watkins

Intuit Inc.

650-944-3324

[email protected]

Media

Karen Nolan

Intuit Inc.

650-944-6619

[email protected]

Media

Emily Donohue

Credit Karma

805-260-6401

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Professional Services Small Business Technology Software Finance Banking Accounting

MEDIA:

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