Uber, Rivian, JetBlue, Cabify, and Boom Supersonic Sign The Climate Pledge

 Uber, Rivian, JetBlue, Cabify, and Boom Supersonic Sign The Climate Pledge

 18 companies have now joined The Climate Pledge, a commitment co-founded by Amazon and Global Optimism to meet the goals of the Paris Agreement 10 years early

New signatories are implementing real, science-based, high-impact changes to their businesses, including deploying renewable energy, investing in sustainable buildings, and mobilizing supply chains to reach net-zero carbon by 2040

SEATTLE–(BUSINESS WIRE)–
Today, during Web Summit 2020, Amazon (NASDAQ: AMZN) and Global Optimism announced that Boom Supersonic, Cabify, JetBlue, Rivian, and Uberhave joined The Climate Pledge, a commitment to be net-zero carbon by 2040—a decade ahead of the Paris Agreement’s goal of 2050.

Signatories to The Climate Pledge agree to:

  • Measure and report greenhouse gas emissions on a regular basis;
  • Implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon-emission elimination strategies;
  • Neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.

“By signing The Climate Pledge, companies around the world are making a bold commitment to help protect our planet from the devastating impacts of climate change,” said Jeff Bezos, Amazon founder and CEO. “The transportation sector plays a critical role in accelerating our carbon reduction goals, and we welcome Boom, Cabify, JetBlue, Rivian, and Uber as they join us on the journey to net-zero carbon by 2040. The 18 companies who have signed The Climate Pledge so far are demonstrating leadership in the vital transition to a low-carbon economy that will help preserve the environment for future generations.”

Boom is redefining commercial flight by bringing supersonic travel back to the skies. Boom’s historic airliner, Overture, is designed to industry-leading standards of speed, safety, and sustainability. In February 2020, the company announced that the test program for its XB-1 demonstrator will be carbon neutral, through the use of sustainable aviation fuels and high-quality, vetted carbon offsetting. Boom has also committed to making Overture a net-zero carbon aircraft in development, testing, and operation, and is a member of several organizations working to accelerate the adoption and supply of sustainable aviation fuels for the airline industry. In achieving its vision of making the world more accessible, Boom views speed and sustainability as compatible goals.

“In building the world’s fastest airliner, Boom is taking an all-encompassing approach to sustainability. Having made sustainability a company priority from day one, we have been able to build best practices of environmental protection into our programs since the beginning,” said Blake Scholl, Boom founder and CEO. “We are thrilled to join The Climate Pledge and to ensure that speed and sustainability are compatible with one another.”

Cabify is the first and only urban mobility app in Europe and Latin America to be carbon neutral by offsetting 100% of all the carbon emissions that it generates – from its corporate operations and for every ride booked through the app. Cabify is also closely measuring and reducing emissions for its corporate activity and aiming to electrify its transportation fleet in Spain and Latin America—by 2025 and 2030, respectively—to reduce its carbon emissions. The company is focused on increasing environmental protections and promoting renewable energies by working on large-scale efforts in Chile, Peru and Brazil using solutions like blockchain technology for carbon offsetting.

“Efficient urban mobility is key in the fight against climate change,” said Juan de Antonio, Cabify founder and CEO. “Cabify wants to be part of the solution, and that’s why for the third year in a row we have committed to offsetting the carbon emissions that our riders and operations generate while we continue to support the electrification of the fleets we work with. We’re pleased to join The Climate Pledge to continue to be transparent about our sustainability journey.”

JetBlue is the first airline to join The Climate Pledge, and this reaffirms the company’s commitment to taking measurable steps towards reducing its climate impact. In July 2020, JetBlue became the first and only U.S. airline to achieve carbon neutrality for all domestic flights. It now expects to ramp up to over 7 million metric tons of CO2 emissions offset each year—the annual equivalent of removing more than 1.5 million passenger vehicles from the road. JetBlue views carbon offsetting as a bridge as the airline continues to ramp up lower-carbon technologies, such as sustainable aviation fuels, and build more fuel-efficient aircraft and operations. JetBlue began flying regularly out of San Francisco International Airport in July 2020 using a type of a sustainable aviation fuel, which enables up to an 80 percent reduction in CO2 emissions before being blended with traditional jet fuel.

“Air travel connects people and cultures, and supports a global economy. Our commitment to sustainability has become even more important as we prepare our business for a new climate reality,” said Robin Hayes, JetBlue CEO. “We are proud to join The Climate Pledge and join a community of like-minded organizations dedicated to reaching net zero-carbon by 2040. The climate crisis remains one of the biggest threats facing our industry. Our planet is physically changing, as are the expectations of our customers, crewmembers, and investors. Now is the time to rebuild operations in more sustainable ways, such as adopting sustainable aviation fuel and setting clear strategies to reduce net aviation CO2 emissions.”

Rivian is launching a range of adventure-oriented vehicles, as well as delivery vans specifically for Amazon last-mile delivery applications. The company’s launch products, the R1T and R1S, deliver a unique combination of performance, off-road capability and utility. These vehicles use the company’s flexible skateboard platform and will be produced at Rivian’s manufacturing plant in Normal, Ill., with customer deliveries to begin in June 2021.

“Rivian was formed to help build the kind of future our kids and our kids’ kids deserve. Rivian’s commitment to sustainable vehicle production in our consumer products and commercial vans is driven by this core objective,” said RJ Scaringe, Rivian founder and CEO. “Addressing climate change requires individuals and entire industries to come together to create solutions that shift consumer mindsets and inspire other companies to fundamentally change the way they operate. We’re excited to join The Climate Pledge community that will share knowledge, ideas, and best practices on this important mission.”

Uber has committed to become a fully zero-emission platform by 2040, with 100% of rides taking place in zero-emission vehicles, on public transit, or with micromobility options such as bikes and scooters. Uber had previously set a goal to provide 100% of rides in electric vehicles (EVs) by 2030 in U.S., Canadian, and European cities. Uber has also committed to reach net-zero emissions from its corporate operations by 2030. To reach these goals, Uber is expanding Uber Green to make it easier for riders to choose to travel in hybrids or EVs; dedicating $800 million in resources to help hundreds of thousands of drivers transition to EVs by 2025; investing in our multimodal network to provide sustainable alternatives to personal cars; and being transparent and accountable to the public along the way.

“As we announced in September, Uber is taking this moment as an opportunity to drive a green recovery from the pandemic,” said Dara Khosrowshahi, Uber CEO. “We invite every company in the world to join The Climate Pledge and take action to reduce their environmental impact. Together we can more aggressively tackle the urgent challenge of climate change.”

“The Paris Agreement set out a unifying roadmap for all countries and all people to address the climate crisis by taking action,” said Christiana Figueres, the UN’s former climate change chief and Global Optimism’s founding partner. “By joining The Climate Pledge, signatories are not just making a statement of commitment to the future, they also are setting a pathway to significant actions and investments that will create jobs, spur innovation, regenerate the natural environment, and help consumers to buy more sustainable products.”

Race To Zero is a global campaign supported by The Climate Pledge to rally leadership and support from businesses, cities, regions, and investors for a healthy, resilient, zero carbon recovery. Race to Zero is partnering with Web Summit at this year’s virtual conference being held Dec. 2-4 to highlight the importance of companies coming together.

In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. Eighteen organizations have now signed The Climate Pledge: Amazon, Best Buy, Boom, Cabify, Henkel, Infosys, JetBlue, McKinstry, Mercedes-Benz, Oak View Group, Real Betis, Reckitt Benckiser (RB), Rivian, Schneider Electric, Siemens, Signify, Uber, and Verizon. These companies are sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions. For more information visit www.theclimatepledge.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about.

About Global Optimism

Global Optimism exists to precipitate transformational, sector-wide change. Achieving a zero emissions future is not a far-off challenge. It’s one we must get on track for now. Every scientific assessment shows that to meet the goal of net -zero emissions by 2050, to keep global heating below 1.5 degrees Celsius, we must halve our emissions between 2020 and 2030. Tackling the climate crisis is only possible when everyone, everywhere plays their part. We work with like-minded collectives from all sectors who are willing to invest in the choices required to be on this challenging – and life-affirming – journey. For more information, visit https://globaloptimism.com/.

Amazon.com, Inc.

Media Hotline

[email protected]

www.amazon.com/pr

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INDUSTRY KEYWORDS: Mobile/Wireless Technology Entertainment Environment Public Policy/Government Alternative Energy Retail Energy Automotive Architecture Other Travel Public Transport Transportation Building Systems Travel Alternative Vehicles/Fuels Air Transport Supply Chain Management Online Retail Online Construction & Property Logistics/Supply Chain Management Other Policy Issues

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Akers’ Proposed Merger Partner MyMD Pharmaceuticals Announces Issuance of Key Patent

Akers’ Proposed Merger Partner MyMD Pharmaceuticals Announces Issuance of Key Patent

  • Patent protects methods of regulating TNF-α to treat cancers, autoimmune disorders, and other disorders associated with chronic inflammation

BALTIMORE–(BUSINESS WIRE)–
Akers Biosciences, Inc. (Nasdaq: AKER), today announced that its proposed merger partner MyMD Pharmaceuticals, Inc. (“MyMD”) was issued US Pat. No. 10,835,523 B2, titled “Method of Regulating Tumor Necrosis Factor-Alpha (TNF-α) for Treating Cancers, Autoimmune Disorders, and Other Disorders Associated with Chronic Inflammation” by the United States Patent & Trademark Office (USPTO). The patent is a continuation of U.S. patent application No. 15/558,094, which was granted as U.S. Patent No. 10,588,899 with claims for treating diabetes.

“We are thrilled to continue building on the foundation that MyMD currently has around regulating TNF-α as a method of treating disorders associated with chronic inflammation,” said Chris Chapman, M.D., Chief Medical Officer of MyMD. “The issuance of this patent supports the continued expansion of indications that our lead compound, MYMD-1, has shown success in treating during preclinical studies.”

MYMD-1 is being developed to treat autoimmune and age-related diseases, including extending the human lifespan. MYMD-1 has been shown to be effective in regulating the immune system from causing age-related diseases in preclinical studies evaluating impact on autoimmune thyroiditis and experimental autoimmune encephalomyelitis. MyMD believes that it is the first oral small molecule selective regulator of TNF-α capable of crossing the blood-brain barrier.

The mechanism of action for MYMD-1 involves regulating the production of TNF-α, offering the potential to reshape clinical guidelines and treatment approaches for a number of autoimmune diseases including diabetes, rheumatoid arthritis and multiple sclerosis, as well as aging, addiction and depression. MyMD has continued to leverage its foundational work in the area of programmed cell death and was previously issued US Pat. No. 10,517,856 B2, titled “Methods of altering programmed cell death and extending cell life,” which showed the method of beneficially altering programmed cell death (or modulating programmed cell life) and how it may postpone the onset of various diseases, extend lifespan, and/or reverse the normal aging process in an individual. These patents, coupled with studies to date have laid the groundwork for the Phase 2 trials for depression in COVID and sarcopenia, expected to be initiated in the first quarter of 2021.

The issuance is the ninth granted patent for MYMD-1, with an additional 20 applications currently pending worldwide.

As previously announced, Akers Biosciences and MyMD Pharmaceuticals announced a definitive merger agreement, whereby the two companies will join as one to focus on developing and commercializing MyMD’s novel immunotherapy pipeline assets. Upon closing the transaction, the combined company is expected to be renamed MyMD Pharmaceuticals Inc and remain listed on the NASDAQ under the new ticker symbol “MYMD.” The closing of merger, however, remains subject to the approval of Akers’ shareholders, as well as other customary closing conditions.

About MyMD Pharmaceuticals, Inc:

MyMD is a clinical stage pharmaceutical company committed to extending healthy lifespan by focusing on developing two therapeutic platforms. MYMD-1 is a drug platform based on a clinical stage small molecule that regulates the immunometabolic system to control TNF-α and other pro-inflammatory cytokines. MYMD-1 is being developed to treat autoimmune diseases, including those currently treated with non-selective TNF-α blocking drugs, and aging and longevity. SUPERA-1R is a drug platform based on a novel (patent pending) synthetic derivative of cannabidiol (CBD) that targets numerous key receptors including CB2 and opioid receptors and inhibits monoamine oxidase. SUPERA-1R is being developed to address the rapidly growing CBD market, that includes FDA approved drugs and CBD products not currently regulated as a drug. For more information, visit www.mymd.com.

About Akers Biosciences Inc.

Akers Biosciences is pursuing rapid development and manufacturing of a COVID-19 vaccine candidate in collaboration with Premas Biotech PVT Ltd.

No Offer or Solicitation

This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No public offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Important Additional Information Will be Filed with the SEC

In connection with the proposed transaction between Akers and MyMD, Akers intends to file relevant materials with the SEC, including a registration statement that will contain a proxy statement and prospectus. AKERS URGES INVESTORS AND STOCKHOLDERS TO READ THESE MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AKERS, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and shareholders will be able to obtain free copies of the proxy statement, prospectus and other documents filed by Akers with the SEC (when they become available) through the website maintained by the SEC at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the proxy statement, prospectus and other documents filed by Akers with the SEC by contacting Investor Relations by mail at Akers Biosciences, Inc., Attn: Investor Relations, 201 Grove Road, West Deptford, NJ 08086. Investors and stockholders are urged to read the proxy statement, prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed transaction.

Participants in the Solicitation

Akers and MyMD, and each of their respective directors and executive officers and certain of their other members of management and employees, may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about Akers’ directors and executive officers is included in Akers’ Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 25, 2020, as amended on October 21, 2020, and the proxy statement for Akers’ 2020 annual meeting of stockholders, filed with the SEC on July 29, 2020. Additional information regarding these persons and their interests in the transaction will be included in the proxy statement relating to the transaction when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this communication regarding matters that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as the PSLRA. These include statements regarding management’s intentions, plans, beliefs, expectations or forecasts for the future, and, therefore, you are cautioned not to place undue reliance on them. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Akers and MyMD undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by law. We use words such as “anticipates,” “believes,” “plans,” “expects,” “projects,” “future,” “intends,” “may,” “will,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “guidance,” and similar expressions to identify these forward-looking statements that are intended to be covered by the safe-harbor provisions of the PSLRA. Such forward-looking statements are based on our expectations and involve risks and uncertainties; consequently, actual results may differ materially from those expressed or implied in the statements due to a number of factors, including, but not limited to, risks relating to the completion of the merger, including the need for stockholder approval and the satisfaction of closing conditions; the cash balances of the combined company following the closing of the merger; the ability of Akers to remain listed on the Nasdaq Capital Market in connection with the merger; and expected merger-related cash outlays, including the timing and amount of those outlays. Risks and uncertainties related to MyMD that may cause actual results to differ materially from those expressed or implied in any forward-looking statement include, but are not limited to: the timing of, and MyMD’s ability to, obtain and maintain regulatory approvals for clinical trials of MyMD’s pharmaceutical candidates, the timing and results of MyMD’s planned clinical trials for its pharmaceutical candidates, the amount of funds MyMD requires for its pharmaceutical candidates; increased levels of competition; changes in political, economic or regulatory conditions generally and in the markets in which MyMD operates; MyMD’s ability to retain and attract senior management and other key employees; MyMD’s ability to quickly and effectively respond to new technological developments; MyMD’s ability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others and prevent others from infringing on MyMD’s proprietary rights; and the impact of the ongoing COVID-19 pandemic on MyMD’s results of operations, business plan and the global economy.

New factors emerge from time to time and it is not possible for us to predict all such factors, nor can we assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. These risks, as well as other risks associated with the combination, will be more fully discussed in the proxy statement/prospectus that will be included in the registration statement that will be filed with the SEC in connection with the proposed transaction. Additional risks and uncertainties are identified and discussed in the “Risk Factors” section of Akers’ Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. Forward-looking statements included in this release are based on information available to Akers and MyMD as of the date of this release. Neither Akers nor MyMD undertakes any obligation to update such forward- looking statements to reflect events or circumstances after the date of this release.

Investor Contact:

Brett Mass

646-536-7331

[email protected]

www.haydenir.com

Media Contact:

Will Johnson

201-465-8019

[email protected]

www.antennagroup.com

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INDUSTRY KEYWORDS: Biotechnology Other Health Health Pharmaceutical Oncology

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NAACP and Experian Launch Home Preservation Grant to Support African American Homeowners at Risk of Losing Their Homes

NAACP and Experian Launch Home Preservation Grant to Support African American Homeowners at Risk of Losing Their Homes

Application process is now open for the pilot program

COSTA MESA, Calif.–(BUSINESS WIRE)–
The NAACP Empowerment Programs and Experian today announced the launch of a pilot program to assist African American homeowners at risk of losing their homes. The Home Preservation Grant will provide mortgage relief for grant recipients suffering from COVID-19 related hardship.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201202005365/en/

The partnership with the NAACP is part of Experian’s United for Financial Health initiative, which aims to empower and protect vulnerable consumers to improve their financial health through education and action. Through this pilot program, Experian will provide financial support up to $10,000 per selected recipients. The application process starts today through December 8.

“Now more than ever, it’s critical that African Americans have access to wealth building opportunities and financial security. Since the beginning of this pandemic, the NAACP has launched multiple programs to ease the financial burdens families have experienced. We are pleased to be working with Experian on this pilot program to alleviate the hardships experienced by homeowners,” said Dawn Chase, NAACP director of Equity and Inclusion.

“Experian has been committed to providing tools and initiatives to support consumers as they manage personal finances through the pandemic,” said Craig Boundy, Chief Executive Officer of Experian North America. “Promoting financial inclusion is a fundamental part of our mission, and we are honored to work with the NAACP to help homeowners manage through this crisis.”

The launch of the Home Preservation Grant will first target homeowners in the Metro Atlanta, Ga. area. Grant recipients will be announced December 14.

“We know homeownership is a way not only to build generational wealth, but also build the generational vibrancy of communities. Black Americans have historically faced barriers to achieving this American dream, and COVID-19 has brought on additional challenges. Especially during the holiday season, we hope the Home Preservation Grant helps communities not only survive, but thrive,” said Experian North America Chief Diversity, inclusion and Belonging Officer, Wil Lewis.

Investing in communities is a key pillar of Experian North America’s Corporate Responsibility program. Initiatives like United for Financial Health are one example of how the company is committed to investing time, resources and partnerships to create a better tomorrow by helping millions gain access to essential everyday services, facilitating inclusion and diversity, and managing Experian North America’s environmental footprint responsibly.

About NAACP

Founded in 1909 in response to the ongoing violence against Black people around the country, the NAACP is the largest and most pre-eminent civil rights organization in the nation. We have over 2,200 units and branches across the nation, along with well over 2M activists. Our mission is to secure the political, educational, social, and economic equality of rights in order to eliminate race-based discrimination and ensure the health and well-being of all persons.

The NAACP is a c4 organization (contributions are not tax-deductible), our partner c3 organization is known as NAACP Empowerment Programs (contributions are fully tax-deductible as allowed by the IRS).

In media attributions, please refer to us as the NAACP.

NOTE: The Legal Defense Fund – also referred to as the NAACP-LDF was founded in 1940 as a part of the NAACP, but separated in 1957 to become a completely separate entity. It is recognized as the nation’s first civil and human rights law organization, and shares our commitment to equal rights.

About Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.

We have 17,800 people operating across 45 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

Victoria Lim, Experian North America, [email protected]

Marc Banks, NAACP, [email protected]

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ViacomCBS Releases First Environmental, Social and Governance (ESG) Report

ViacomCBS Releases First Environmental, Social and Governance (ESG) Report

NEW YORK–(BUSINESS WIRE)–
ViacomCBS (NASDAQ: VIAC, VIACA) today released its first Environmental, Social and Governance (ESG) Report, Action: ESG at ViacomCBS, highlighting how the company is addressing the ESG impacts that are most important to its business and stakeholders.

The report, released nearly one year after the merger of Viacom and CBS in December 2019, focuses on data through 2019 and the company’s global ESG priorities to date in three core areas: On-screen Content and Social Impact, Workforce and Culture and Sustainable Production and Operations. The report also provides select data and details on ViacomCBS’ efforts thus far in 2020, including the company’s strong response to the ongoing COVID-19 pandemic and events of racial injustice in the United States.

“ViacomCBS is focused on how we use the power of our platforms as content creators to meaningfully impact the issues that matter to our employees, audiences, partners, communities and investors,” said Bob Bakish, President and CEO of ViacomCBS. “As we all continue to cope with the ongoing impact of COVID-19, as well as a racial reckoning in the US, we recognize and embrace our unique role as a global content powerhouse that shapes culture, social attitudes and societal outcomes. We’re committed to the opportunity and responsibility that comes with this reach and are proud to share how our company is taking action in our ESG report.”

The ESG report expands on ViacomCBS’ first materiality assessment, published earlier this year, and is guided by external ESG frameworks, including the Global Reporting Initiative, Sustainability Accounting Standards Board and Task Force on Climate-related Financial Disclosures. It also outlines the company’s alignment with relevant United Nations Sustainable Development Goals, including Gender Equality, Decent Work and Economic Growth and Climate Action.

Among the priority areas addressed in this report, actions by ViacomCBS include:

Responding to COVID-19:

  • Committed $100 million to those impacted by the COVID-19 pandemic, including support for non-staff employees on ViacomCBS productions and other entertainment industry workers through third-party organizations and relief funds.
  • Worked to keep employees and the public safe and at home during the pandemic by leveraging ViacomCBS brands and on-air talent to amplify official health guidance through the #AloneTogether campaign, which consisted of 174,000 television spots, social media posts and other content across company platforms.

On-screen Content and Social Impact:

  • Responded to nationwide protests over victims of racial violence and police killings by donating an additional $5 million to social justice and criminal justice reform organizations, participating in the industry-wide “Blackout Tuesday” day of reflection on June 2 and honoring the death of George Floyd by going dark for eight minutes and 46 seconds on ten networks. The monetary donations build on the company’s standing contributions each year to a range of community organizations.
  • Set several new goals to increase diversity behind the camera, including at least 40% representation of Black, Indigenous and People of Color (BIPOC) in the writers’ rooms of CBS and Showtime Network shows during the 2021-22 programming season.

Workforce and Culture:

  • Expanded company-wide efforts to strengthen ViacomCBS’ diversity and inclusion, including through its commitment to publicly disclose the diversity data of its workforce.
  • Continued to hold its annual Global Inclusion Week, an expansive multi-day experience featuring speakers, immersive sessions and interactive workshops designed to raise awareness and foster conversation about diversity and inclusion, and inspire a sense of engagement and belonging across the company.

Sustainable Production and Operations:

  • Committed to reducing its greenhouse gas (GHG) emissions in line with the requirements of the Paris Agreement, continuing a declining trend that saw GHG emissions at legacy Viacom drop by 20% from 2014-2018.
  • Increased the number of productions following the Green Production Guide to minimize the environmental impact of filming and derived 10% of the company’s global energy use from renewable sources.

“Whether we’re amplifying diverse voices, championing inclusion and equity in the workplace or crafting a new, more sustainable path for our productions, ViacomCBS is committed to using our reach in the best way possible,” said Crystal Barnes, SVP of Corporate Social Responsibility and ESG. “While we know we have more work to do, this ESG report reflects our dedication to greater transparency and disclosure as we continue to develop our ESG strategy and strengthen our impact in these areas going forward. This is just one of the many steps ahead on our ESG journey.”

To learn more about ViacomCBS’ ESG efforts and to view the full report, please visit https://www.viacomcbs.com/sustainability.

ABOUT VIACOMCBS

ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the US television audience and boasts one of the industry’s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions for partners on five continents.

For more information about ViacomCBS, please visit www.viacomcbs.com and follow @ViacomCBS on social platforms.

VIAC-IR

Press:

Pranita Sookai

Director, Corporate Communications

[email protected]

Alexa Cassanos

Vice President, Corporate Communications

[email protected]

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Avolon Announces Early Tender Results of Debt Tender Offers

Avolon Announces Early Tender Results of Debt Tender Offers

DUBLIN–(BUSINESS WIRE)–
Avolon Holdings Limited (“Avolon” or the “Company”), the international aircraft leasing company announced today the early results of the previously announced offers to purchase for cash commenced by Avolon Holdings Funding Limited, a Cayman Islands exempted company and a direct wholly-owned subsidiary of Avolon (“Avolon Holdings Funding”) and Park Aerospace Holdings Limited, a Cayman Islands exempted company and a direct wholly-owned subsidiary of Avolon (“Park” and together with Avolon Holdings Funding, the “Offerors,” each an “Offeror” and, together with the Company and its consolidated subsidiaries, “we,” “our” or “us”), for the notes issued by such Offeror, as applicable, listed in the following table (the “Notes”) (i) in accordance with, and in the order of, the corresponding Acceptance Priority Levels and (ii) up to an aggregate purchase price (including principal and premium, but excluding Accrued Interest (as defined below)) of $750,000,000 (the “Maximum Tender Cap”) and subject to possible pro rata allocation, upon the terms and subject to the conditions set forth in the Offer to Purchase (as defined below), and our election, with respect to the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline (as defined below), to make payment for such Notes on December 3, 2020 (the “Early Settlement Date”). The offers to purchase with respect to each series of Notes are being referred to herein as the “Offers” and each, an “Offer.” Each Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated November 16, 2020 (as amended or supplemented from time to time, the “Offer to Purchase”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

The withdrawal deadline of 5:00 P.M., New York City time, on December 1, 2020 has passed and accordingly, Notes validly tendered pursuant to the Offers may no longer be withdrawn, except in the limited circumstances described in the Offer to Purchase. As of 5:00 P.M., New York City time, on December 1, 2020 (the “Early Tender Deadline”), approximately $849,725,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn. The table below identifies the principal amount of each Series of Notes validly tendered and not validly withdrawn as of the Early Tender Deadline.

Issuer

Title of

Security

Security

Identifiers

Principal

Amount

Outstanding

Acceptance

Priority

Level

Series Cap

Principal

Amount

Tendered as

of the Early

Tender

Deadline

Park

5.250% Notes due 2022*

CUSIP:

70014LAA8/

G6935L

AA1

ISIN: US70014LAA89/

USG6935LAA10

$1,775,854,000

1

$500 million aggregate purchase price

$512,966,000

 

Avolon

Holdings

Funding

3.625% Notes due 2022*

CUSIP:

05401AAE1/

G0686BAD1

ISIN:

US05401AAE10/

USG0686BAD13

$646,381,000

2

$200 million aggregate purchase price

$224,021,000

 

Avolon

Holdings

Funding

5.500% Notes due 2023*

CUSIP:

05401AAA9/

G0686BAA7

ISIN:

US05401AAA97/

USG0686BAA73

$462,590,000

3

$50 million aggregate purchase price

$112,738,000

 

 

 

 

 

 

 

 

 

* Admitted to trading on the Irish Stock Exchange plc, trading as Euronext Dublin (“Euronext Dublin”).

All documentation relating to the Offers, including the Offer to Purchase, together with any updates, are available from the Information Agent and the Tender Agent, as set forth below. The Offer to Purchase can also be accessed at the following website: https://www.gbsc-usa.com/avolon/. The Offer to Purchase sets forth a complete description of the terms and conditions of the Offers. Holders of the Notes (“Holders”) are urged to read the Offer to Purchase carefully before making any decision with respect to the Offers.

The Offers will expire at 11:59 P.M., New York City time, on December 15, 2020 (as the same may be extended with respect to any Offer, the “Expiration Date”).

The applicable Total Consideration for each $1,000 in principal amount of the Notes validly tendered and not validly withdrawn before the Early Tender Deadline and accepted for purchase pursuant to the Offers will be determined by reference to a fixed spread specified for each Series of Notes over the yield based on the bid price of the applicable Reference Security, as fully described in the Offer to Purchase. The consideration will be calculated by the Dealer Managers (as defined below) at 10:00 A.M., New York City time, today, December 2, 2020. In addition to the applicable Total Consideration, accrued and unpaid interest from, the last interest payment date up to, but not including, the applicable Settlement Date will be paid in cash on all validly tendered Notes accepted for purchase in the Offers (the “Accrued Interest”). The Total Consideration, plus Accrued Interest, for Notes that are validly tendered and not validly withdrawn at or prior to the Early Tender Deadline and accepted for purchase will be paid by us in same-day funds on the Early Settlement Date.

Our obligation to accept for purchase, and to pay for, Notes that are validly tendered and not validly withdrawn pursuant to each Offer, up to the Maximum Tender Cap and any applicable Series Cap, is conditioned on the satisfaction or waiver by us of a number of conditions set forth in the Offer to Purchase, in each case unless waived by us as provided in the Offer to Purchase.

The amounts of each Series of Notes that are accepted for purchase in the Offer will be determined in accordance with the priorities identified in the column “Acceptance Priority Level” in the table above. Subject to the Maximum Tender Cap and any applicable Series Cap, all Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline having a higher Acceptance Priority Level will be accepted for purchase before any validly tendered and not validly withdrawn Notes having a lower Acceptance Priority Level, and all Notes validly tendered after the Early Tender Deadline and at or prior to the Expiration Date having a higher Acceptance Priority Level will be accepted for purchase before any Notes tendered after the Early Tender Deadline and at or prior to the Expiration Date having a lower Acceptance Priority Level. However, any Notes validly tendered and not validly withdrawn at or before the Early Tender Deadline will be accepted for purchase in priority to Notes validly tendered after the Early Tender Deadline and at or prior to the Expiration Date even if the Notes tendered after the Early Tender Deadline and at or prior to the Expiration Date have a higher Acceptance Priority Level than the Notes validly tendered and not validly withdrawn at or before the Early Tender Deadline. Notes of the Series in each Acceptance Priority Level accepted for purchase in accordance with the terms and conditions of the Offers may be subject to proration such that we will only accept for purchase Notes with an aggregate purchase price up to the Maximum Tender Cap or any applicable Series Cap.

We expressly continue to reserve the right, in our sole discretion, to further amend, extend or, upon failure of any condition described in the Offer to Purchase to be satisfied or waived, to terminate any of the Offers, including the right to further amend or eliminate the Maximum Tender Cap or any applicable Series Cap, at any time at or prior to the Expiration Date.

Deutsche Bank Securities Inc., Mizuho Securities USA LLC and Wells Fargo Securities, LLC are serving as the Lead Dealer Managers, and Barclays Capital Inc., BNP Paribas Securities Corp. and MUFG Securities Americas Inc. are serving as Co-Dealer Managers, in connection with the Offers (collectively, the “Dealer Managers”). Questions regarding terms and conditions of the Offers should be directed to Deutsche Bank Securities, Inc. by calling toll free at 866-627-0391, Mizuho Securities USA LLC by calling toll free at 866-271-7403 or to Wells Fargo Securities, LLC by calling toll free at 800-645-3751

Global Bondholder Services Corporation has been appointed as information agent (the “Information Agent”) and tender agent (the “Tender Agent”) in connection with the Offers. Questions or requests for assistance in connection with the Offers or the delivery of tender instructions, or for additional copies of the Offer to Purchase may be directed to Global Bondholder Services Corporation by calling toll free at 866-807-2200 or collect at 212-430-3774 or via e-mail at [email protected] You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

None of Avolon Holdings Funding, Park, the Company, the Dealer Managers, Global Bondholder Services Corporation, the trustee under the indenture governing the Notes or any of their respective affiliates is making any recommendation as to whether Holders should tender any Notes in response to the Offers. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amounts of Notes to tender.

This press release is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities. Neither this press release nor the Offer to Purchase, or the electronic transmission thereof, constitutes an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities, as applicable, in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities laws or otherwise. The distribution of this press release in certain jurisdictions may be restricted by law. In those jurisdictions where the securities, blue sky or other laws require the Offers to be made by a licensed broker or dealer and the Dealer Managers or any of their respective affiliates is such a licensed broker or dealer in any such jurisdiction, the Offers shall be deemed to be made by the Dealer Managers or such affiliate, as the case may be on behalf of the Company in such jurisdiction.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSE OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

This announcement is released by the Offerors (as defined below) and may contain inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (“MAR”), encompassing information relating to the Notes (as defined below). For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/155, this announcement is made by the directors of each Offeror.

About Avolon

Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is the world’s third largest aircraft leasing business with an owned, managed and committed fleet, as of 30 September 2020 of 837 aircraft.

Website: www.avolon.aero

Twitter: @avolon_aero

Note Regarding Forward-Looking Statements

This document includes forward-looking statements, beliefs or opinions, including statements with respect to Avolon’s business, financial condition, results of operations and plans. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control and all of which are based on our management’s current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward-looking terminology such as “believe,” “expects,” “may,” “will,” “could,” “should,” “shall,” “risk,” “intends,” “estimates,” “aims,” “plans,” “predicts,” “continues,” “assumes,” “positioned” or “anticipates” or the negative thereof, other variations thereon or comparable terminology or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. Forward-looking statements may and often do differ materially from actual results. No assurance can be given that such future results will be achieved, that any private placement of senior unsecured notes will occur following the investor calls or, regardless of whether a private placement of senior unsecured notes is consummated, that any ratings agencies will upgrade Avolon to investment grade. Avolon does not intend, and undertakes no duty, to update any information contained herein to reflect future events or circumstances, except as required by applicable law.

Ross O’Connor

Head of Investor Relations

[email protected]

T: | +353 1 231 5818

Emmet Moloney

Head of Communications

[email protected]

T: | +353 1 556 4429

Jonathan Neilan

FTI Consulting

[email protected]

M: | +353 86 231 4135

KEYWORDS: Ireland Europe

INDUSTRY KEYWORDS: Transportation Finance Travel Professional Services Air Aerospace Transport Manufacturing

MEDIA:

Pitney Bowes Announces 2021 Pricing for Ecommerce Services with Simple, Easy to Understand Rates

Pitney Bowes Announces 2021 Pricing for Ecommerce Services with Simple, Easy to Understand Rates

STAMFORD, Conn.–(BUSINESS WIRE)–
Pitney Bowes (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, data and financial services, today announced a 5.9% general rate increase (GRI) for ecommerce delivery services and a 4.9% increase for returns services, as described below, effective January 3, 2021. The pricing program continues the company’s commitment to providing e-commerce shippers with simple, easy to understand rates and services.

The 5.9% GRI applies to the following services:

  • Standard delivery of parcels weighing 1 pound or more through the Pitney Bowes US domestic network
  • Cross-border delivery services to 207 countries and territories with bundled quoting and compliance services

The 4.9% GRI applies to standard domestic returns services through the Pitney Bowes US domestic network.

Pitney Bowes’ pricing includes simple, easy to understand fees when compared to all major providers, including very competitive fuel surcharges and no delivery area or residential surcharges.

“Pitney Bowes is unique in the market because our rates and fees are straightforward and easy to forecast. At a time when other carriers are passing most of their rate increases through various complicated surcharges, we’re putting our customers in a position to easily anticipate and plan for their ecommerce logistics spend. Our team works hard to make sure there are no surprises in our client relationships – be it pricing or otherwise,” said Patrick Allard, Chief Revenue Officer, Global Ecommerce, Pitney Bowes.

Pitney Bowes has been able to maintain competitive prices despite rising labor and transportation costs across the industry and managing for the impact of COVID-19. At the same time, Pitney Bowes has been making strategic investments to expand network capacity. Pitney Bowes has also invested in enhanced tracking services, robotics, automation and new product features to advance its services and the capacity of its overall network.

About Pitney Bowes:

Pitney Bowes (NYSE:PBI) is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; office mailing and shipping; presort services; and financing. For 100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions precisely right. For additional information visit Pitney Bowes, the Craftsmen of Commerce, at www.pitneybowes.com.

Pitney Bowes

Brett Cody, (203) 218 1187

Director of Communications, Commerce Services

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Professional Services Data Management Technology Logistics/Supply Chain Management Transport Software Finance

MEDIA:

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Darkness Rises and For Honor Team Up in Global Collaboration

Darkness Rises and For Honor Team Up in Global Collaboration

Players Can Soon Experience For Honor Character Designs, Pets and Special Events

LOS ANGELES–(BUSINESS WIRE)–Darkness Rises, Nexon’s third-person action mobile role-playing game (RPG), will soon be joining forces with Ubisoft’s highly-acclaimed action game, For Honor, in a brand new global collaboration coming to players on December 15.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201202005201/en/

Darkness Rises (Graphic: Business Wire)

Darkness Rises (Graphic: Business Wire)

The Darkness Rises X For Honor collaboration will allow players to experience battles donning Darkness Rises character costumes modeled after fan-favorite For Honor classes, including Kensei, Peacekeeper, Nobushi, Hulda, Warden, Raider, and Black Prior. For Honor factions, Knights, Vikings and Samurai will also be the basis for three new Darkness Rises collaboration pets.

Additionally, there will be various in-game packages for players that can enhance the gameplay experience, including collaboration costumes and For Honor Pet Eggs.

From December 15 through March 16, 2021, live event rewards within the update will include:

  • Clear Mission Rewards – Players can receive Rank A++ Armor Chests, Rank S Polish Chests, and Rank S For Honor Pet Eggs for completing missions and participating in the events.
  • Ranking Achievement Reward – As players move up in the ranks in the special collaboration Event PvP Brawl, they can be rewarded with Rank S++ For Honor Costume chests, and can even win full For Honor outfits if they reach the top rank.

To join in on the Darkness Rises X For Honor collaboration, players can download the game for iOS or Android.

Assets:

Social Media: Twitch / Facebook / Instagram / Twitter / Discord

About Darkness Riseshttps://dr.nexon.com/

Launched in 2018, Darkness Rises is a revolutionary, next-gen action RPG from Nexon that combines breathtaking graphics, state-of-the-art immersive gameplay and harrowing boss battles right in the palm of your hands. Featuring unique classes and beautifully rendered battles on iOS and Android, Darkness Rises has amassed over 23 million players, 35 million curated characters and 2.4 million completed quests since launch.

About Nexon America Inc. https://www.nexon.com

Nexon America, a subsidiary of NEXON Co., Ltd. (“Nexon”) (3659.TO) with more than 80 live games operated across more than 190 countries, is a global leader in online games. Nexon America introduced micro-transactions and the free-to-play business model in the Western market and is widely credited with unmatched global expertise in sophisticated live game operations, nurturing player communities, and for sustaining titles for years, even decades. Nexon is listed on the Tokyo Stock Exchange, and the company was placed on the Nikkei Stock Index 300 in 2017.

About For Honor https://forhonor.ubisoft.com

Developed by Ubisoft Montreal in collaboration with other Ubisoft studios,** For Honor offers an engaging campaign and thrilling multiplayer modes. Players embody warriors of the four great factions – the bold Knights, the brutal Vikings, the deadly Samurai and the fearsome Wu Lin – fighting to the death on intense and believable melee battlefields. The Art of Battle, the game’s innovative combat system that puts players in total control of their warriors, allows them to utilize the unique skills and combat style of each hero to vanquish all enemies who stand in their way. *Associate Ubisoft studios include Quebec, Toronto and Blue Byte. Additional development from Studio Gobo.

© 2020 Ubisoft Entertainment. All Rights Reserved. Ubisoft and the Ubisoft logo are registered or unregistered trademarks of Ubisoft Entertainment in the US and/or other countries.

Media Contact Information

Nexon America

Cynthia Lezama

[email protected]

KEYWORDS: Australia/Oceania United States United Kingdom Canada North America Australia Europe California

INDUSTRY KEYWORDS: Entertainment Other Consumer Consumer Online Mobile Entertainment Electronic Games

MEDIA:

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Darkness Rises (Graphic: Business Wire)
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Online Sales, Promotional Offers Drive Black Friday Gift Card Sales

Quick Service, Fast Casual Restaurants Fare Best During Non-Traditional Year

NEWTON, Mass., Dec. 02, 2020 (GLOBE NEWSWIRE) — Paytronix Systems, Inc., the most advanced digital guest experience platform, examined Black Friday Restaurant Gift Card Sales and found that while they were down across the full-service sector, quick service and fast casual restaurants either held steady their 2019 sales or saw an increase in spend over last year. December purchases typically account for upwards of 50% of annual gift card sales and the first weekend traditionally acts as a barometer of upcoming trends throughout the holiday season.

Paytronix analyzed the anonymous aggregate gift card sales for more than 175 brands between Friday, November 27, and Sunday, November 29, 2020. Paytronix identified the following changes in 2020 Black Friday gift card sales when compared to those for 2019:

  • The number of cards sold declined by 30.1% across all restaurant sectors.
  • Quick Service card sales declined by 3.6% on Black Friday, but the amount loaded onto those cards increased by 4.6% Over the rest of the weekend, the number of cards sold increased by 0.7%, while the overall spend decreased by 1.8%.
  • Fast Casual sales were mixed, with some concepts showing big declines in card sales, while others tripled sales thanks to rich bonus offers.

The small gains over 2019 in Quick Service sales appeared to be related to e-gift and bonus promotions, though overall e-gift sales declined.

“The more upscale the restaurant, the greater the decline we saw in gift card sales during the Black Friday shopping weekend,” said Paytronix Head of Data Insights Lee Barnes. “This likely means that fewer people will be giving restaurant gift cards as a gift, almost certainly because of the Covid-19 pandemic. Instead, shoppers seem to be focusing on those cards that have bonus cash promotions, possibly as a gift to themselves.”

This trend indicates that restaurants may see a much lighter gift card season than in years past.

“Restaurants should consider alternative ways of driving guests back to make up for the loss in gift card sales,” said Paytronix President and CEO Andrew Robbins. “Subscriptions represent a novel form of recurring revenue that gives guests a reason to come back for repeat visits, much like a gift card. The difference is that subscriptions present opportunity for renewal and to invite the guest to build a relationship with the brand on an ongoing basis.”

This Black Friday gift card sales analysis is the first stage of a larger holiday gift card data analysis that will publish later this month. This research will supplement the Paytronix Annual Gift Card Sales Report: 2020, which surveys over 200 brands about their annual gift card sales over the course of the year. Paytronix offers an in-depth look into holiday gift card sales, sales by channel and service type, anticipated redemption and new insights on eGift cards. With the online ordering industry expanding, the Report also examines the impact of gift cards redeemed online.

Methodology

Following trends in closed-loop restaurant gift card sales, the Paytronix Black Friday Gift Card Sales Research includes data from gift card sales on November 27, 2020, and includes 182 brands. The majority of the brands are full-service restaurants.

Paytronix
Systems, Inc.

Based in Newton, Massachusetts, Paytronix is a provider of SaaS customer experience management (CXM) solutions for restaurants and convenience stores. Through its innovative software design and integrations with more than 30 widely used point-of-sale systems, Paytronix empowers more than 500 brands across 30,000 locations, giving them the flexibility to deliver unique, revenue-enhancing guest experiences. Through one-to-one engagement with more than 285 million guests via Order & Delivery, Loyalty, CRM, and Stored Value, Paytronix generates Big Data consumer insights that motivate increased visits and spend. For more information, visit www.paytronix.com.



Media Contact:
Chuck Tanowitz
Paytronix Systems, Inc.
[email protected]
617-871-2319

New Provident Bank Research Demonstrates a Shift in Consumer Spending and Saving Habits

Respondents’ Goals for 2021 Include Paying Off Debt and Increasing Savings

Iselin, New Jersey, Dec. 02, 2020 (GLOBE NEWSWIRE) — Provident Bank, a leading New Jersey-based financial institution, today announced the results of a new survey examining U.S. consumers’ banking experiences and habits over the course of the year. Not surprisingly, the pandemic has changed the way survey respondents spend their money, including:

  • 40% are spending less on travel, vacations and dining;
  • 32% reported that they’ve spent more money on new needs because of the pandemic; and
  • 27% are spending less money because they are more conscious of saving for an emergency.

“As a result of COVID-19, many Americans have changed or lost jobs and have had to reconsider how they spend and save their money,” said Vito Giannola, Executive Vice President, Chief Retail Banking Officer, Provident Bank. “Many are looking ahead to the new year and setting new financial priorities – including increased savings efforts given the unpredictability of 2020.”


Saving for the future is critical

An overwhelming majority of respondents (98%) agreed that it is either very important or moderately important to save money in the event of a future crisis as a result of the pandemic.

Additionally:

  • 95% think it is very important or moderately important to save for retirement;
  • 88% think investment opportunities are important or moderately important for 2021; and
  • 51% are investing their money differently as a result of the pandemic, while 34% do not plan to change their investments. 

“Although it has been a challenging year, consumers report continued positive relationships with their banking partners,” said Giannola.

Despite the pandemic, 89% of respondents rated their bank experience as very good or good over the last year. Similarly, nearly 80% of respondents gave their bank’s customer service a positive rating.

2021 brings new financial goals

As we move forward to 2021, consumers are focused on setting new objectives when it comes to their finances. Survey respondents cited the following as their financial goals for the new year:

  • Improve overall savings – 65%
  • Pay off debt – 60%
  • Set a budget – 51%
  • Buy a home – 24% 

“From refinancing to focusing more on retirement, we see a clear shift in the way our customers think about and handle their finances, and we expect that to continue into the new year,” added Giannola.

Provident Bank’s survey was conducted online in November 2020 and surveyed 400 U.S. adults nationwide (ages 18+).

 

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About Provident Bank

Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $12.87 billion as of September 30, 2020. With $9.56 billion in deposits, Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey, as well as Bucks, Lehigh and Northampton counties in Pennsylvania and Queens County in New York.  The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company and full service insurance agency and brokerage services through its wholly owned subsidiary, SB One Insurance Agency, Inc. For more information about Provident Bank, visit www.provident.bank or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank).

 



Gabrielle Costello
Provident Bank
215-825-9658
[email protected]

First look at the new 2021 Nissan Kicks

NASHVILLE, Tenn., Dec. 02, 2020 (GLOBE NEWSWIRE) — The countdown to the debut of the new 2021 Nissan Kicks is on. Register today to watch the virtual reveal at www.nissanusa.com/live, and tune in Tuesday, Dec. 8, 2020 at 11 a.m. EST.

For more information about our products, services and commitment to sustainable mobility, visit nissanusa.com. You can also follow us on Facebook, Instagram, Twitter and LinkedIn and see all our latest videos on YouTube.

Media Contact
s
:

Josh Clifton
Senior Manager, Product Communications and Auto Shows
615-725-1767
[email protected]

Jeff Wandell
Manager, Nissan CUV & EV Communications
629-395-7593
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ea9fcf1b-ef09-4609-b75a-d180a948dfbf