Market Newsdesk

MONTREAL, Nov. 30, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) announced today the appointment of Bart Demosky as Executive Vice President and Chief Financial Officer, effective immediately. Bart will report to Éric Martel, President and Chief Executive Officer, Bombardier Inc., replacing John Di Bert who will be leaving the Company.

“We are very excited to welcome Bart to the Bombardier leadership team,” said Éric Martel. “He is an accomplished leader with broad financial experience and an impressive track record of success at some of Canada’s largest corporations. Bart’s deep knowledge and expertise in all aspects of corporate finance will serve us well as we complete our strategic repositioning to a leaner, more focused company. I’m confident that Bart will provide strong leadership as we manage through the current economic challenges and continue to position Bombardier for the future.” 

Bart brings over 30 years of experience leading organizational transformations and building high-performing financial organizations in the transportation, energy, infrastructure and services industries. His previous leadership roles include serving as the President and Chief Executive Officer of Universal Rail Systems Inc., Executive Vice President and Chief Financial Officer for Canadian Pacific Railway and Chief Financial Officer for Suncor Energy. He holds a Bachelor’s degree in Economics from the University of Calgary and is an Honours graduate from the University of Calgary’s Management Development Program.

“As we welcome Bart to the Bombardier team, I also want to acknowledge and thank John Di Bert for his many contributions to Bombardier,” Martel added. “We wish John continued success in all his future endeavours.”

About Bombardier

With over 52,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier has production and engineering sites in over 25 countries across the segments of Aviation and Transportation. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2019, Bombardier posted revenues of $15.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Bombardier is a trademark of Bombardier Inc. and its subsidiaries.

For Information
Jessica McDonald	Patrick Ghoche
Advisor, Media Relations	Vice President, Corporate Strategy
and Public Affairs	Investor Relations
Bombardier Inc.	Bombardier Inc.
+1 514 861 9481	+1 514 861 5727
[email protected]

TEMPE, Arizona, Nov. 30, 2020 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced that the Company’s ticker symbol on Nasdaq will change to “WRAP” from “WRTC”. Trading under the new ticker symbol will began at the market open on Tuesday, December 1, 2020.

New Ticker Symbol: WRAP When: December 1, 2020 (tomorrow) at market open

“We are excited to align the new ticker symbol “WRAP” directly to our corporate brand and strengthen our visibility with public investors while providing consistent brand recognition across all stakeholders,” explained Tom Smith, President and Interim CEO at WRAP. “We are protecting our WRAP® and BolaWrap® brands in 50 countries as our brand recognition continues to increase worldwide. The recent change of our corporate web site to “wrap.com” along with the new ticker symbol makes it easier for customers, current shareholders and prospective investors to find and follow our Company.”

No action is needed from current shareholders relative to the ticker symbol change. There was no change in capital structure and the common stock will continue to be listed on Nasdaq with the CUSIP number unchanged as 98212N 107.

About
WRAP

WRAP Technologies, Inc. is an innovator of modern policing solutions. The Company’s BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to restrain an individual at a distance from 10 to 25 feet. Developed by award winning inventor Elwood Norris, the Company’s Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement in safely and effectively deescalating encounters, especially those involving an individual in crisis. BolaWrap 100 has already been used to safely apprehend suspects without injury in a number of cities including Los Angeles, Sacramento, Fresno, Bell, Albuquerque, Minneapolis, West Palm Beach, Fort Worth, and Oak Ridge. For information on the Company, please visit www.wrap.com.

Follow WRAP here:

WRAP on Facebook: https://www.facebook.com/wraptechnologies/
WRAP on Twitter: https://twitter.com/wraptechinc
WRAP on LinkedIn: https://www.linkedin.com/company/wraptechnologiesinc/

Trademark Information
BolaWrap and Wrap are trademarks of WRAP Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements – Safe Harbor Statement  
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to: statements regarding the Company’s overall business; total addressable market; and, expectations regarding future sales and expenses. Words such as “expect”, “anticipate”, “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “may”, “will”, “could”, “intend”, and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company’s ability to successful implement training programs for the use of its products; the Company’s ability to manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the ability to obtain export licenses for counties outside of the US; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, quarterly report on Form 10-Q, and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

WRAP
Contact:

Paul M. Manley
VP – Investor Relations
(612) 834-1804
[email protected] 

Not for distribution in the U.S. or to U.S. newswire services.

CALGARY, Alberta, Nov. 30, 2020 (GLOBE NEWSWIRE) — Colson Capital Corp. (TSXV: COLSP) (“Colson” or the “Corporation“) and The Clinic Network Canada Inc. (“TCNC”), through its parent holding corporation, are pleased to announce that they have entered into a non-binding letter of intent (the “LOI”) dated September 12, 2020 with respect to a proposed reverse takeover whereby Colson will acquire all of the issued and outstanding shares of a newly incorporated federal corporation, Pathway Health Corp. (“SpinCo”), following the acquisition by SpinCo of all of the business and assets of TCNC in consideration for the issuance of common shares of the Corporation (the “Transaction”).

Colson intends that the Transaction will constitute its Qualifying Transaction, as such term is defined in the Policy 2.4 – Capital Pool Companies (the “CPC Policy”) of the TSX Venture Exchange (the “TSXV”). The deemed price of the Qualifying Transaction is $1.428 million. The Corporation, upon completion of the Transaction, expects to change its name to “Pathway Health Corp.” or such other name as may be approved by TCNC’s parent holding corporation (the “Name Change”), such entity to be referred to herein as the “Resulting Issuer”. The Transaction does not constitute a Non-Arm’s Length Qualifying Transaction, as such term is described in the CPC Policy of the TSXV.

The Resulting Issuer will own and operate medical clinics across Canada that offer multidisciplinary therapies for patients that suffer from chronic pain and certain other disease states. TCNC was founded in 2017 and operates virtual and bricks-and-mortar medical clinics across Canada that offer multidisciplinary therapies for patients. TCNC is incorporated pursuant to the federal laws of Canada. The price paid for the TCNC assets by SpinCo shall be satisfied by the payment of between $3 – $5 million in cash with the remainder to be paid by such number of shares of SpinCo equal to the balance of the purchase price owed to TCNC divided by the final purchase price of a Subscription Receipt (as described below) under the Offering (as described below).

General Information Regarding the Transaction

The Transaction is expected to be structured as a reverse takeover (“RTO”) under the rules and policies of the TSXV. Upon completion of the Transaction, the Resulting Issuer will continue to carry on the business of TCNC.

The purchase price for the acquisition of the outstanding equity securities of SpinCo will be satisfied through the issuance of common shares of the Corporation to the shareholders of SpinCo, to ultimately form the Resulting Issuer.

The transaction terms outlined in the LOI are non-binding, and the Transaction is subject to the parties successfully entering into a definitive agreement (the “Definitive Agreement”) in respect of the Transaction by January 15, 2021, or such other date as Colson and TCNC’s parent holding corporation may mutually agree. The LOI also contemplates other material conditions precedent to the closing of the Transaction (the “Closing”), including the completion by SpinCo of a concurrent financing of subscription receipts (“Subscription Receipts”) at a price of $0.50 per Subscription Receipt, to raise minimum aggregate gross proceeds of $10,000,000 (the “Offering”), SpinCo owning or holding all intellectual property assets necessary for the operation of the business of TCNC as it is currently conducted and contemplated, customary due diligence, compliance with all applicable regulatory requirements and receipt of all necessary regulatory, corporate, third-party, board and shareholder approvals being obtained.

Summary of th


e Offering

In connection with the Transaction, Colson, TCNC and TCNC’s parent holding corporation have entered into an engagement letter with Canaccord Genuity Corp. (the “Agent”), as agent, in connection with the Offering. Under the terms of the Offering, the Agent has been granted an over-allotment option to place up to an additional 15% of the number of Subscription Receipts issuable under the Offering for additional gross proceeds of up to $1,500,000.

On closing of the Offering, the proceeds of the Offering will be held in escrow pursuant to a subscription receipt agreement. Proceeds of the Offering will be used to expand the Resulting Issuer’s portfolio of clinics across Canada, expand its distribution channels and add interdisciplinary pain services to its clinics.

Each Subscription Receipt will be automatically converted into one unit of SpinCo (each, a “Unit”), on the date that: (i) all conditions precedent to the completion of the Transaction have been satisfied to the satisfaction of the parties but for payment of the cash portion of the purchase price to be paid by SpinCo for the operating assets of TCNC; (ii) the Agent has received an officers’ certificate from the officers of each of Colson and SpinCo that each party has instructed its counsel to issue the underlying securities upon the release of funds; and (iii) a joint notice from Colson and SpinCo to the Agent stating that the Transaction has been completed and all conditions precedent to the Transaction have been satisfied or waived (the “Escrow Release Date”). Each Unit shall consist of one common share of SpinCo and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall be exercisable to acquire one common share of SpinCo for a period of 24 months from the Escrow Release Date at an exercise price of $0.75 per common share.

Finder’s Fee

In connection with the proposed Transaction, Colson entered into a finder’s fee agreement dated as of September 10, 2020 with Industrial Alliance Securities Inc. (the “Finder”), as finder. As compensation for the Finder’s introduction of Colson and the TCNC group of companies, should the Transaction be completed, the Resulting Issuer will pay to the Finder an amount equal to 5.0% of the deemed value of Colson as constituted immediately prior to Closing. The Finder is not a Non-Arm’s Length Party (as such term is defined in the policies of the TSXV) of the Corporation. The finder’s fee is expected to be paid in cash, and shall be subject to approval of the TSXV.

Additional Information

If and when a Definitive Agreement between the Corporation and SpinCo is executed, the Corporation will issue a subsequent press release in accordance with the policies of the TSXV containing the details of the Definitive Agreement and additional terms of the Transaction including information relating to sponsorship, summary financial information in respect of TCNC and SpinCo, and additional information with respect to the Offering and the proposed directors, officers, and insiders of the Resulting Issuer upon completion of the Transaction.

Completion of the Transaction is subject to a number of conditions including, but not limited to, completion of the Offering, the satisfaction of the Corporation and TCNC’s parent holding corporation in respect of the due diligence investigations to be undertaken by each party, the completion of a Definitive Agreement in respect of the Transaction, closing conditions customary to transactions of the nature of the Transaction, approvals of all regulatory bodies having jurisdiction in connection with the Transaction, TSXV acceptance of the Transaction as the Qualifying Transaction of Colson and, if required by the TSXV policies, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approvals are obtained and there can be no assurance that the Transaction or the Offering will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Trading Halt

The common shares of Colson are currently halted from trading for failing to complete a Qualifying Transaction within the required timeframe as prescribed by TSXV policies, and the trading of common shares of Colson is expected to remain halted pending completion of a Qualifying Transaction.

For further information, please contact:

Colson Capital Corp. Murray Moore, CFO, Corporate Secretary and Director Telephone: (403) 471-4039

Pathway Health Corp. Wayne Cockburn, President Telephone: (905) 505-0770

Cautionary Statements


This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the proposal to complete the Transaction and associated transactions, including statements regarding the terms and conditions of the
Trans
action
and the Offering. The information about
TCN
C
and
SpinCo
contained in the press release has not been independently verified by the Corporation. Although the Corporation believes in light of the experience of its officers and directors, curr
ent conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Corporation
can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, amon
g other things, the risks that the parties will not proceed with the T
ransaction
and the Offering; the Transaction, the Offering and associated transactions will differ from those
that currently are contemplated;
and that the Transaction, the Offering and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities). The terms and conditions of the Transa
ction may change based on the Corporation’s due diligence
(which will be limited as the Corporation intends to rely upon the due diligence conducted by the Agent in connection with the Offering)
and the receipt of tax, corporate and securities law advice f
or both Colson
, TCN
C
and its parent holding entity
. The statements in this press release are made as of the date of this release.

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the pol
ices of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and associated transactions and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or d
isapproved of the contents of this press release.

The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirement. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or s
ale would be unlawful.

TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that it has completed all the requirements to earn an 80% interest in the Marathon Palladium-Copper (“Project”) .

Gen Mining acquired a 51% interest in the Project from Sibanye-Stillwater Limited (“Sibanye Stillwater”) on July 10, 2019 including an option to increase its interest to 80% by completing a Preliminary Economic Assessment (“PEA”) and spending all joint venture expenditures aggregating $10 million within a period of four years (“the Sole Funding Period”). With the completion of the PEA and the spending of the $10 million, Gen Mining has now been transferred the additional 29% interest in the Project and the Sole Funding Period has terminated. As a result Gen Mining and Sibanye Stillwater will be required to fund future expenditures on a pro rata basis (80% funded by Gen Mining and 20% funded by Sibanye) in order to maintain their respective interests in the Project, subject to standard dilution provisions.

Jamie Levy, President and CEO of Gen Mining stated “This is a major milestone in the development the Marathon Palladium-Copper Project. In the 16 months since we acquired the property, the Company’s management team has delivered, on time and on budget, on all major initiatives in the development of this project, which included completing a Preliminary Economic Assessment, commencing the Environmental Assessment approval process, and initiating a Feasibility Study. Our next major milestones will be the release of our Feasibility Study in Q1, 2021 and continuing the environmental approval process.”

About Generation
Mining Limited

Gen Mining’s focus is the development of the Marathon Palladium Project, the largest undeveloped platinum group metal Mineral Resource in North America. The Marathon property covers a land package of approximately 22,000 hectares, or 220 square kilometres. Upon completion of the Feasibility, Study Sibanye Stillwater has certain back-in rights that can bring its interest in the property back to 51 per cent (see the company’s press release of July 11, 2019, for more details).

For further information please contact:

Jamie Levy
President and Chief Executive
Officer
(416) 640-2934
(416) 567-2440
[email protected]

Forward-Looking Information

This news release includes certain information that may be deemed “forward-looking information” under applicable securities laws. All statements in this release, other than statements of historical facts, that address
the ability of the Company and
Sibanye-Stillwater
to vary their respective participating interests in the Marathon Property
, Mineral Resource and Reserve potential, exploration activities and events or developments that the Company expects is forward-looking information. Although the Company believes
that
the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in the forward-looking information. These include
, among other factors
, market prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking information. For more information on the Company, investors are encouraged to review the Company’s public filings at www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

HANGZHOU, China, Nov. 30, 2020 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a leading Bitcoin mining machine producer in the global market in terms of computing power sold in 2019*, announced that the Company has entered into a technology license agreement (the “Agreement”) with Circle Line International Limited (“CL”) on November 27, 2020 to obtain CL’s exclusive license of its proprietary patent, Korean Patent Reg. No. 10-2137956, in Korea. Pursuant to the Agreement, CL grants the Company exclusive right to use the patent in Korea and export the product from Korea to other countries.

Mr. Dong Hu, Chairman and CEO of the Company, commented, “We are excited to acquire the exclusive authorization of Korean Patent Reg. No. 10-2137956 from CL. The core of this patent is AsicBoost, a method that can increase performance of Bitcoin mining by about 20%. The performance gain is achieved through a high-level optimization of the Bitcoin mining algorithm which allows for drastic reduction in gate count on the mining chip. The exclusive authorization of this patent reflects our determination to continue to protect the legitimate rights and interests of patent holders and strive to maintain fair market competition, and is expected to lay a solid foundation for the Company’s continuous offering of leading Bitcoin mining machines.”

About
Ebang
International Holdings Inc.

Ebang International Holdings Inc. is a leading Bitcoin mining machine producer in the global market in terms of computing power sold in 2019*, with strong application-specific integrated circuit (ASIC) chip design capability underpinned by nearly a decade of industry experience and expertise in the telecommunications business. With its licensed or registered entities in various jurisdictions, the Company seeks to launch a fully-licensed digital asset financial service platform to provide professional, convenient and innovative trading services. For more information, please visit https://ir.ebang.com.cn/.

*According to an industry report prepared by Frost & Sullivan in 2019

Safe Harbor Statement

This press release contains forward-looking statements
w
ithin the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995.
These
forward-looking
statements
include
, w
ithout limitation, the Company
’
s development plans and business outlook, which
can be identified by terminology such as
“
may,
”
“will,” “expects,” “anticipates,” “aims,”
“
potential,
”
“future,” “intends,” “plans,” “believes,” “estimates,”
“
continue,
”
“likely to” and
other
similar
expressions
.
Such s
tatements
are not historical facts,
and are based upon
the Company’s
current
beliefs, plans and expectations,
and the current market and
operating
conditions
. Forward-looking statements involve inherent
known or unknown
risks
,
uncertainties
and other factors, all of which are difficult to predict and many of which are beyond the Company
’
s contro
l
,
which may
cause the
Company
’
s
actual results
, performance and achievements
to differ materially from those contained in any forward-looking statement.
Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission.
These forward-looking statements are made only as of the date indicated, and the Company undertakes no obligation to update or revise the information contained in any forward-looking statements
as a result of new information, future events or otherwise
, except as required under applicable law.

Investor Relations Contact

For investor and media inquiries, please contact:

Ebang International Holdings Inc.
Email: [email protected]

Ascent Investor Relations LLC
Ms. Tina Xiao
Tel: (917) 609-0333
Email: [email protected]

TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — WOW! Unlimited Media Inc. (“WOW!” or the “Company”) (TSXV: WOW; OTCQX: WOWMF) announces the appointment of Tonya Williams to the Company’s Board of Directors.

Ms. Williams is an actor, producer, director and activist. She is also the Founder and Executive Director of the Reelworld Film Festival and the Reelworld Foundation, launched in 2001. The festival has served as a launching pad for Black, Indigenous, Asian, South Asian, Middle Eastern and Latin American Canadians. The initiative recently launched Access Reelworld, an extensive database of diverse talent across the Canadian entertainment industry.

Michael Hirsh, Chairman & CEO, commented, “WOW! is very pleased to welcome Tonya Williams as our newest director. Her decades of experience in the entertainment business, her entrepreneurial skills and cross-cultural leadership will be tremendous assets to the Board and the Company.”

“I am extremely honoured to have been asked to sit on this Board,” said Tonya Williams. “Animation is a key area in our industry that we can successfully create more diversity and inclusion in. I look forward to working with the other outstanding Board Members in bringing my passion and my knowledge to help the company in any way I can.”

About WOW!

WOW! is creating a leading animation-focused entertainment company by producing top-end content and building brands and audiences on engaging media platforms. The Company produces animation in its two established studios: Mainframe Studios and Frederator Studios. The Company’s media offerings include Channel Frederator Network on YouTube, as well as WOW! branded programming on Crave, Canada’s premier streaming entertainment platform, owned by Bell Media. The common voting shares of the Company and variable voting shares of the Company are listed on the TSX Venture Exchange and the OTCQX Best Market.

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

Further information available at: 
Website: www.wowunlimited.co
Contact: Bill Mitoulas, Investor Relations
Tel: (416) 479-9547
Email: [email protected]

Richmond, Virginia, Nov. 30, 2020 (GLOBE NEWSWIRE) — Each year, millions of Americans participate in #GivingTuesday – a day of global giving. This year CarMax, the nation’s largest retailer of used cars, and The CarMax Foundation will launch a new initiative to help associates get involved. Tomorrow, The CarMax Foundation will provide all 25,000+ CarMax associates with a $25 credit – or electronic ”Care Card” – to donate to an eligible nonprofit of their choice. With full associate participation in this initiative, the Foundation is poised to donate $650,000 to nonprofit organizations across the United States.  

Serving as an extension of the existing gift matching program, associates will have the ability to log into the CarMax Associate Giving Portal and designate a nonprofit to receive the funds. The CarMax Foundation worked with corporate giving software provider, CyberGrants, to integrate the feature for the first time in conjunction with #GivingTuesday.

“Our associates are passionate about giving back to their communities,” said Rosey Sanders, President of The CarMax Foundation. “Last year we achieved record volunteer participation rates. While the pandemic has made it difficult to volunteer in person, this initiative will empower every associate to donate financial resources to the cause most important to them this Giving Tuesday and holiday season.”

The CarMax Foundation is dedicated to supporting the causes our associates care about, contributing almost $9M in Matching Gifts to nearly 3,000 nonprofit organizations to date. Each ”Care Card” will be valid for donation through January 31, 2021.

###

About The CarMax Foundation

The CarMax Foundation enriches the communities where our associates live and work. Together with CarMax, Inc., the Foundation has donated more than $65 million since 2003. Funding programs are made available through a portion of CarMax, Inc.’s pre-tax profits. CarMax, the nation’s largest retailer of used cars, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. CarMax also provides a variety of vehicle delivery methods, including home delivery, contactless curbside pickup, and appointments in its stores. During the fiscal year ending February 29, 2020, CarMax sold more than 830,000 used cars and more than 465,000 wholesale vehicles at its in-store auctions. CarMax has 220 stores, over 25,000 Associates, and is proud to have been recognized for 16 consecutive years as one of the Fortune 100 Best Companies to Work For®. For more information, visit www.carmax.com. 

About CyberGrants

CyberGrants is the leading software provider for corporate giving and philanthropy. Our advanced technology and experienced teams empower you to maximize your social impact and connect the world’s most generous givers to those who can benefit from them most. Over the past 12 months alone, CyberGrants’ integrated grants management and employee giving software has processed over $6 billion in donations.

Learn more: Twitter | Facebook | Blog

Attachments

• CarMax Associate Volunteer
• CarMax Giving Tuesday 2

Public Relations
CarMax
(855) 887-2915
[email protected]