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Onit Acquires New Zealand-based McCarthyFinch to Drive Innovation with Artificial Intelligence and Workflow Automation

Company Builds a Future on Artificial Intelligence Starting with a Platform That Reads, Writes and Reasons like a Lawyer

HOUSTON, Nov. 17, 2020 (GLOBE NEWSWIRE) — Onit, Inc., a leading provider of enterprise workflow solutions including enterprise legal management, contract lifecycle management and workflow automation, today announced that the company has acquired McCarthyFinch and its artificial intelligence platform that accelerates contract reviews and approvals by up to 70% and increases user productivity by more than 50%. 

The acquisition reinforces Onit’s innovation strategy to deliver powerful AI-based workflow and business process automation solutions. The company plans to further its innovation through AI by evolving its product offerings as well as the software provided by its legal operations management software subsidiary SimpleLegal.

The technology will become an integral component of Onit’s new artificial intelligence platform Precedent and the company’s first release on the platform will be ReviewAI.

“Our vision is to build AI into our workflow platform and every product across the Onit and SimpleLegal product portfolios,” stated Eric M. Elfman, Onit CEO and co-founder. “AI will have an active role in everything from enterprise legal management to legal spend management and contract lifecycle management, resulting in continuous efficiencies and cost savings for corporate legal departments. Historically, legal departments have been thought of as black boxes where requests go in and information, decisions or contracts come out with no real transparency. AI has the potential to enhance transparency and contribute to stronger enterprisewide business collaboration in a way that conserves a lawyer’s valuable time.”

McCarthyFinch’s breadth of AI expertise from lawyers, technologists and data scientists speaks to the ever-evolving needs of the legal profession and Onit customers.

“AI is a natural extension of our evolution,” continued Elfman. “In addition to acquiring award-winning technology, we have gained some of the brightest minds in the AI space.”

Nick Whitehouse, McCarthyFinch’s CEO and co-founder, is now the general manager of the newly rebranded Onit AI Center of Excellence. He has focused on digital innovation and AI for more than 15 years and was recognized in 2019 as the IDC DX Leader of the Year for his advocacy across the legal industry and Australasia. He is joined by McCarthyFinch’s vice president of legal, Jean Yang, who is now vice president of the Onit AI Center of Excellence.

“McCarthyFinch has been dedicated to building world-leading AI that augments lawyers and helps automate low-value and time-intensive manual legal processes. Drafting contracts and redlining documents shouldn’t take up 70% of a lawyer’s time, as statistics suggest. There’s a better way to work,” stated Whitehouse. “With AI, we’ve dramatically changed the contract management lifecycle and enabled businesses to move faster, provide higher-quality services and lower the cost of legal services. We are excited to join the Onit team and apply AI to Onit’s contract lifecycle management solution and expansive product offerings.”

Onit
I
s
AI:
Introducing Precedent
and ReviewAI

Onit’s new intelligence platform, Precedent, is uniquely positioned to complement its existing workflow automation platform, Apptitude, and drive AI and digital transformation in the legal market. The Precedent intelligence platform reads, writes and reasons like a lawyer, enabling legal and business professionals to get more work done faster. It combines machine learning and natural language processing so legal teams can automate tasks and processes to make them more efficient, cost-effective and faster.

The first release on the Precedent intelligence platform, ReviewAI, focuses on pre-signature contract review. Law departments need a rapid path through drafting and negotiation to contract closure so they can accelerate the pace of doing business, increase contract compliance and enhance employee productivity. Using ReviewAI, lawyers can streamline intelligent activities like contract creation, redlining, complex negotiations and risk rating contracts on their terms. Through Precedent, ReviewAI learns from the vast inventory of a company’s contracts, leverages the company’s playbook and presents the results in a Microsoft Word plug-in so the legal team can work where it is accustomed to operating. Legal and contract teams can save up to 70% on review time, increase contract compliance and lower company risk.

To learn more about the acquisition, listen to the Onit podcast featuring Elfman and Whitehouse and visit us online.

About Onit        

Onit is a global leader of workflow and artificial intelligence platforms and solutions for legal, compliance, sales, IT, HR and finance departments. With Onit, companies can transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract lifecycle management and legal holds, the company operates globally and helps transform the way Fortune 500 companies and billion-dollar corporate legal departments bridge the gap between systems of record and systems of engagement. Onit helps customers find gains in efficiency, reduce costs and automate transactions faster. For more information, visit www.onit.com or call 1-800-281-1330.

Media inquiries:

Melanie Brenneman
Onit
(713) 294-7857
[email protected]

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/445bbe2c-1b26-45b3-bcbc-75177d7e5960 



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Shop Small® and Pay It Forward on Small Business Saturday®: Social Media Endorsements Can be Worth an Estimated $197 Billion for U.S. Small Businesses

Shop Small® and Pay It Forward on Small Business Saturday®: Social Media Endorsements Can be Worth an Estimated $197 Billion for U.S. Small Businesses

American Express calls on consumers to Shop Smalland Share Joy by posting shout outs of their favorite small businesses on social media throughout the holiday season

NEW YORK–(BUSINESS WIRE)–
This holiday season, American Express (NYSE: AXP) is kicking off its 11th annual Small Business Saturday with a social media campaign that can help amplify the positive impact that U.S. consumers can have on small businesses. According to the American Express Shop Small Impact study, released today, the majority of (78%) small business owners say that positive feedback on social media is a significant driver of business. In fact, the study found that endorsements of small businesses on social media may be worth as much as an estimated $197 billion for the U.S. small business economy1. Beyond that perceived value, positive social media mentions can go even further this year, as 89% of consumers say they are more likely to shop at a small business that friends or peers have recommended.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117005491/en/

(Photo: Business Wire)

(Photo: Business Wire)

This year’s Small Business Saturday, which will take place on November 28 during Thanksgiving weekend, is an important part of the holiday season for small merchants as they work to recover from the economic impact of the COVID-19 pandemic. In 2019, an estimated 110 million people participated in Small Business Saturday, and sales hit a record high with an estimated $19.6 billion in reported spending2. Initially founded in 2010 by American Express in response to the Great Recession, Small Business Saturday has evolved into a year-round global Shop Small campaign to support small merchants, and earlier this year, American Express helped jumpstart spending at small businesses by committing more than $200 million through the company’s largest ever global Shop Small campaign3.

“Small Business Saturday is an important part of our global Shop Small campaign, and small businesses need our support more than ever as they continue to navigate the effects of COVID-19,” said Elizabeth Rutledge, Chief Marketing Officer, American Express. “We know 88% of U.S. consumers feel a personal commitment to support small businesses in the wake of the pandemic. Whether online, curbside or safely in store, we’re reminding consumers that they can help make an impact by shopping small and sharing their favorite small businesses on social media all holiday season long.”

To mobilize the power of social media heading into this year’s Small Business Saturday andall holiday season long, American Express invites consumers to Shop Small at their favorite small merchants – both in-store and online – and share their support on social media. Simply tag the small merchants that you shop at on social media and share what you love about them – from a favorite product to the great service they provide – it can really go a long way to support a small business this holiday season.

U.S. CONSUMERS: ENTHUSIASTIC TO SHOP SMALL

Fortunately, shoppers want to do their part to support small businesses this holiday season – 75% will Shop Small because they want to support their favorite local shops and restaurants during this challenging time, and 42% said they supported a small business on social media. The study also reveals that the effects of COVID-19 have sparked feelings of deep responsibility among consumers to support the places they love this Small Business Saturday and beyond. A large majority of consumers (88%) feel a personal commitment to support small businesses in the wake of the pandemic and in a divided year, 95% of Americans agree that supporting small businesses unites their community.

“Small businesses connect our communities, you get to know the owner and your neighbors who come in every morning for their coffee fix,” said Mike Salvatore, Owner, Heritage Bicycle & Coffee in Chicago, IL. “If they then recommend us to 100 of their friends their word, their value, their review, will go so much farther and will mean that much more to potential customers.”

SMALL BUSINESSES: OPTIMISTIC & INNOVATING

Almost all (92%) of small business owners have pivoted the way they do business to stay open during the pandemic including selling on social (38%) or a third-party platform (28%), introducing curbside pickup (46%) or contactless delivery (40%).

Now, as the biggest shopping season of the year approaches, 46% of small business owners are counting on above average holiday sales to stay in business in 2021. Sixty-four percent have a positive outlook for their holiday sales and say that Small Business Saturday is more critical than ever. As a result they are innovating by offering extended store hours (41%), using social media as a storefront for the first time (25%), partnering with other businesses in their community to offer something special to customers (25%) and offering giveaways to customers (35%).

“We’ve tried so many different ways to keep engaged and in touch with our customers,” said Ann Cantrell, Owner, Annie’s Blue Ribbon General Store in Brooklyn, N.Y. “We’ve done Instagram Live events, reached out through social media and conducted some virtual shopping appointments over the phone. All of those pivots allowed us to stay connected to our customers during a difficult time which is so important to us.”

BACKING SMALL BUSINESSES ALL-YEAR LONG

Recognizing the devastating effects of COVID-19 on small businesses, American Express has made several commitments to help small businesses:

  • Committed more than $200M to jumpstart spending at small businesses through the company’s largest ever global Shop Small campaign.
  • Created Stand for Small, a coalition of more than 100 large companies that provide tools, resources and advice to support small businesses.
  • Launched the Coalition to Back Black Businesses, which includes a $10 million commitment in grants and mentorship for U.S. Black-owned small businesses.
  • Pledged to double its spend with minority-owned suppliers in the U.S. to $750 million annually by the end of 2024.
  • Committed to providing access to capital and financial education to at least 250,000 Black-owned small and medium-sized businesses in the U.S.
  • Launched a small business Services and Savings Hub and delivered COVID-19 recovery kits to merchants with “open for business” signage and collateral for in-store safety.

More information about these and other efforts can be found here. Visit Shopsmall.com to learn more about how to help support small businesses this holiday season.

ABOUT AMERICAN EXPRESS

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate responsibility information: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility.

ABOUT SMALL BUSINESS SATURDAY

November 28th is the annual Small Business Saturday, proudly backed by American Express. Dedicated to supporting the diverse range of local businesses that create jobs, help boost the economy, and enhance neighborhoods around the country, Small Business Saturday was created by American Express in 2010 in response to small business owners’ most pressing need: getting more customers. Learn more at and connect with us on ShopSmall.com, instagram.com/shopsmall, facebook.com/SmallBusinessSaturday.

ABOUT SHOP SMALL

Shop Small is an international movement to support small, independent businesses and call attention to the valuable and distinct contributions they make to their communities and the economy. Shop Small celebrates small businesses ranging from retail stores and restaurants to fitness studios and salons, and everything in between. The Shop Small movement was spurred by the widespread participation in Small Business Saturday, a day founded in 2010 by American Express in the U.S. This national holiday shopping tradition is dedicated to celebrating small businesses and driving more customers through their doors on the Saturday after Thanksgiving. Learn more and connect with us on ShopSmall.com, instagram.com/shopsmall, facebook.com/SmallBusinessSaturday.

ABOUT THE AMERICAN EXPRESS SHOP SMALL IMPACT STUDY

The American Express Shop Small Impact Study was conducted by Teneo on behalf of American Express. The study consisted of three online surveys conducted between October 23 and November 8, 2020. The first survey was conducted among a sample of 1,004 U.S. adults 18 years of age and older. Consumer data was weighted by five variables: age, gender, geographic region, race/ethnicity and education to ensure reliable and accurate representation of the total U.S. population, 18 years of age and older based on U.S. Census data. Two surveys were conducted among small business owners/managers in U.S. with companies that conduct sales at a brick-and-mortar location in one of the following industries: arts/entertainment/recreation, retail trade, restaurant/bar/coffee shop/hotel/hospitality, or personal services. One survey had a sample size of 501, the other had a sample size of 503.

1 Based on an average of the estimated percent of revenue generated by positive feedback on social media as reported by small business owners surveyed in the 2020 American Express Shop Small Impact Study and extrapolated based on the overall economic impact of U.S. consumer-facing small business as reported in the 2018 American Express Small Business Economic Impact study.

2 The 2019 Small Business Saturday Consumer Insights Survey was conducted by Teneo on behalf of American Express and the National Federation of Independent Business (NFIB). The study is a nationally representative sample of 2,287 U.S. adults 18 years of age or older. The sample was collected using an email invitation and an online survey. The study gathered self-reported data and does not reflect actual receipts or sales. It was conducted anonymously on December 1, 2019. The survey has an overall margin of error of +/- 2.0%, at the 95% level of confidence. Projections were based on the current U.S. Census estimates of the U.S. adult population, age 18 years and over.

3 Our commitment of more than $200M supported a Card Member offer and the associated marketing campaign to encourage American Express Card Members in select countries around the globe to Shop Small in their local communities and online.

Location: U.S.

AMERICAN EXPRESS

Megan Hunsicker

[email protected]

DAY ONE AGENCY

Keri Fitzpatrick

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Finance Other Retail Banking Communications Professional Services Small Business Social Media Retail Online Retail

MEDIA:

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Intrado Announces New Virtual Patient Communication Solutions Targeting Telemedicine

Company to offer interactive, secure communication tools to healthcare customers

OMAHA, Neb., Nov. 17, 2020 (GLOBE NEWSWIRE) — Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, announced today it will offer interactive healthcare communication tools specifically targeting telemedicine, including virtual visits and chatbots.

The new services, powered by QliqSOFT, are secure and HIPAA-compliant, enabling clinical collaboration. This solution delivers three essential elements for healthcare organizations:

  • Chatbots are changing the healthcare industry and offer a way to create, manage, and optimize virtual conversations with thousands of patients real-time with a click of a button.
  • C
    urbside check-in for patients, allowing healthcare facilities of all sizes to safely reopen their doors to see one patient at a time amid concerns of COVID-19 infection risks.
  • Virtual
    v
    isits allow clinicians to initiate visits with a secure SMS message or email. Once patients enter the virtual room, they can interact with their provider via web-based chat and video call, as well as digitally sign paperwork and complete post-visit surveys.

“Our clients have one vendor to cover all their patient communication needs during a time when patient safety is critical. Intrado clients can automate mass communications through our patient engagement platforms to send custom URLs via text or QR codes via email. They leverage QliqSOFT technology to enable real-time 1:1 patient-provider interactions via secure messaging or AI chatbots,” said Vikram Krishnan, General Manager of Intrado Notifications.

Intrado is building a notifications platform that connects patients with healthcare providers through an automated multichannel communications solution. These new features allow healthcare teams to increase accuracy, reduce wait times, address safety concerns and new guidelines, as well as improve patient outcomes.

“Finding a COVID-19 tracking and reporting solution for our students that was easy-to-use, collaborative, and effective was our main objective,” says Texas Tech University Health Sciences Center. “This new chatbot platform is being used by students, faculty, and staff to report a positive diagnosis of COVID-19 by an off-campus medical provider so that we can limit the spread of the virus. We’re able to increase efficiency in our clinics and ensure our campus remains open by leveraging a technology that’s unmatched by anything we’ve seen in the industry in recent times.”

The new Intrado solutions remove barriers and open the door for efficient, practical telehealth applications to Intrado’s healthcare clients. These new offerings provide real-time, secure HIPAA-compliant communication that connects healthcare providers with their patients safely and securely.

These new features, along with Intrado’s existing solutions, allow healthcare teams to increase accuracy, reduce wait times, address safety concerns and new guidelines, as well as improve patient outcomes.

For more information on Intrado’s Virtual Patient Engagement solution, please visit: www.intrado.com/en/life-safety/virtual-patient-engagement.

About Intrado Corporation

Intrado Corporation is an innovative, cloud-based, global technology partner to clients around the world. Our solutions connect people and organizations at the right time and in the right ways, making those mission-critical connections more relevant, engaging, and actionable – turning Information to Insight.

Intrado has sales and/or operations in the United States, Canada, Europe, the Middle East, Asia Pacific, Latin America, and South America. Intrado is controlled by affiliates of certain funds managed by Apollo Global Management, Inc. (NYSE: APO). For more information, please call 1-800-841-9000 or visit www.intrado.com.

About QliqSOFT, Inc.

QliqSOFT is the leading provider of secure clinical collaboration and patient communication solutions for healthcare. From secure messaging and AI-Driven chatbots to video conferencing and telemedicine, over 1,000 hospitals, home health, and hospice organizations trust QliqSOFT to deliver HIPAA-compliant and real-time communication between doctors, nurses, caregivers, and patients. To learn more, visit www.qliqsoft.com.



Intrado Contact

Dave Pleiss
Investor and Public Relations
[email protected]
402-716-6578

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UFP Technologies, Inc. to Present Virtually and Host 1×1 Investor Meetings at the 12th Annual Southwest IDEAS Investor Conference on November 18, 2020

NEWBURYPORT, Mass., Nov. 17, 2020 (GLOBE NEWSWIRE) — UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today announced Jeff Bailly, Chairman & Chief Executive Officer, and Ron Lataille, Chief Financial Officer, will present at the virtual Southwest IDEAS Investor Conference on November 18, 2020. The Company’s presentation will be webcast and is scheduled to be available at 7:00 am CST on November 18th. Management will also be hosting one-on-one meetings with investors throughout the day. Investors interested in participating in the virtual conference or scheduling a meeting with the Company may reach out to Jeff Elliott with Three Part Advisors, LLC at 972-423-7070.

The presentation can be accessed through the Southwest IDEAS conference portal for registered participants, in the investor relations section of the Company’s website: www.ufpt.com and on the IDEAS conference website: www.IDEASconferences.com.

About IDEAS Investor Conferences
The mission of the IDEAS Conferences is to provide independent regional venues for quality companies to present their investment merits to an influential audience of investment professionals. Unlike traditional bank-sponsored events, IDEAS Investor Conferences are “Sponsored BY the Buyside FOR the Buyside” and for the benefit of regional investment communities. Conference sponsors collectively have more than $200 billion in assets under management and include: Adirondack Research and Management, Allianz Global Investors: NFJ Investment Group, Ariel Investments, Aristotle Capital Boston, Barrow Hanley Mewhinney & Strauss, BMO Global Asset Management, Constitution Research & Management, Inc., Fidelity Investments, First Wilshire Securities Management, Inc., Gamco Investors, Granahan Investment Management, Great Lakes Advisors, Greenbrier Partners Capital Management, LLC, GRT Capital Partners, LLC, Hodges Capital Management, Ironwood Investment Management, Keeley Teton Advisors, Luther King Capital Management, Marble Harbor Investment Counsel, Perritt Capital Management, Punch & Associates, Westwood Holdings Group, Inc., and William Harris Investors.

The IDEAS Investor Conferences are held annually in Boston, Chicago, and Dallas and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com.

If interested in participating or learning more about the IDEAS conferences, please contact Lacey Wesley at (817) 769-2373 or [email protected].

About UFP Technologies, Inc.

UFP Technologies is an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market. Utilizing highly specialized foams, films, and plastics, UFP converts raw materials through laminating, molding, radio frequency welding, and fabricating techniques. The Company is diversified by also providing highly engineered solutions to customers in the aerospace & defense, automotive, consumer, electronics, and industrial markets.

Contacts:
 Ron Lataille, CFO, UFP Technologies, Inc., tel. 978-234-0926
Jeff Elliott, Three Part Advisors, LLC, tel. 972-423-7070

 



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Fortune Brands Expands Further Into Outdoor Living; Renames Segment Outdoors & Security and Signs Agreement to Acquire LARSON

Fortune Brands Expands Further Into Outdoor Living; Renames Segment Outdoors & Security and Signs Agreement to Acquire LARSON

  • Fortune Brands renames Doors & Security segment to Outdoors & Security
  • Company signs agreement to acquire LARSON Manufacturing
  • Transaction creates meaningful value by expanding offerings in premium exterior doors and focusing on growth opportunities in the fast-growing outdoor living market

DEERFIELD, Ill.–(BUSINESS WIRE)–
Fortune Brands Home & Security, Inc. (NYSE: FBHS, the “Company,” “Fortune Brands,” or “FBHS”), an industry-leading home and security products company, today announced it has signed an agreement to acquire LARSON Manufacturing (“LARSON”), the North American market leading brand of storm, screen and security doors, for a price, net of tax benefits, of approximately $660 million. LARSON also sells related outdoor living products including retractable screens and porch windows. Fortune Brands today announced it is also renaming its Doors & Security segment to “Outdoors & Security” to better represent the Company’s brands within the segment and to further align with the Company’s growth strategy for this segment of Fortune Brands’ portfolio.

“The acquisition of LARSON is aligned with our strategic focus on the fast-growing outdoor living space. The LARSON suite of products creates a bridge from the inside to the outside of the home, and further strengthens Fortune Brands’ offerings in Doors and Decking,” said Nicholas Fink, chief executive officer, Fortune Brands. “LARSON is the industry leading brand in a highly attractive category with differentiated positioning and fast-paced, consumer-driven innovation. We can accelerate growth and profitability by deploying our cross-company capabilities to create added value for all of our stakeholders.”

LARSON is the leading brand in the approximately $1.65 billion U.S. storm door market that is largely driven by repair and remodel activity. Its products create a connection to the outdoors, bringing light and air into the home. LARSON core products are lower-ticket DIY offerings that have a strong presence in the home center retail channel.

“Together, LARSON and Therma-Tru have significant opportunities to drive growth and create value. There is tremendous potential to leverage the innovative products at LARSON with our Therma-Tru and Fiberon offerings to provide a total exterior door system and capitalize on outdoor living trends such as multi-season rooms,” added Fink.

“We are excited to join Fortune Brands. Having worked together this past year on innovations that connect homes to the outdoors, we have come to admire the company and its leading brands. We share a commitment to brand excellence, strong channel relationships and a culture of consumer-driven innovation,” said Jeff Rief, chief executive officer and president, LARSON. “We are looking forward to driving even more growth by seizing new opportunities together in the door, security and outdoor living markets.”

With revenues of approximately $390 million, LARSON has approximately 1,200 associates and is headquartered in Brookings, South Dakota, with manufacturing operations in Brookings, South Dakota, Lake Mills, Iowa, Mocksville, North Carolina and Senatobia, Mississippi, in addition to central distribution centers in Albert Lea, Minnesota and Mocksville, North Carolina. The Company expects that the LARSON management team, associates and locations will remain in place.

The transaction is immediately accretive and expected to add between $0.14 to $0.20 to 2021 earnings per share, net of interest expense and purchase price amortization. The Company expects to receive tax benefits over a 15-year period with a net present value of approximately $80 million, and the net purchase price of $660 million equates to approximately 8.8x estimated trailing 12-month LARSON adjusted EBITDA. The Company expects to leverage operating best practices and scale efficiencies that alone will effectively reduce the net purchase multiple by a couple of turns to below 7x over the next few years. In addition to these FBHS cross-company synergies, the Company expects to drive accelerated growth through the ability to integrate two highly innovative cultures to create new products as well as leverage Therma-Tru’s strong builder and wholesale channel relationships. LARSON will join Fortune Brands’ newly named Outdoors & Security segment upon closing. The closing of the transaction is subject to regulatory approval and is expected to occur within the next 30 days.

About Fortune Brands

Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in Deerfield, IL, creates products and services that fulfill the dreams of home. The Company’s operating segments are Plumbing, Cabinets, and Outdoors & Security. Its trusted brands include Moen, Riobel, Perrin & Rowe, Shaws, Victoria + Albert and Rohl under the Global Plumbing Group (GPG); more than a dozen core brands under MasterBrand Cabinets; Therma-Tru entry door systems, Fiberon composite decking and Master Lock and SentrySafe security products in the Outdoors & Security segment. Fortune Brands holds market leadership positions in all of its segments. Fortune Brands is part of the S&P 500 Index and a Fortune 500 Company. For more information, please visit www.FBHS.com. To learn more about how Fortune Brands is embracing and accelerating its environmental, social and governance duties, please visit the Company’s ESG section and report at www.FBHS.com/global-citizenship.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain “forward-looking statements” regarding business strategies, market potential, impact of synergies, tax benefits, future financial performance and other matters. Statements preceded by, followed by or that otherwise include the words “believes,” “will,” “could,” “expects,” “anticipates,” “intends,” “can,” and similar expressions are generally forward-looking in nature and not historical facts. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on the current plans and expectations of our management. Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those indicated in such statements including the factors discussed in Item 1A of the Fortune Brands Home & Security, Inc. Annual Report on Form 10-K for the year ended December 31, 2019, and our 10-Qs for first, second and third quarters ended 2020, all filed with the Securities and Exchange Commission. In addition, this release contains forward-looking statements that involve risks and uncertainties associated with the LARSON acquisition. These include: the satisfaction of closing conditions for the transaction, failure to achieve expected benefits from the transaction, general market conditions and the impact of any failure to complete the transaction. The forward-looking statements included in this release are made as of the date hereof, and except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect events, new information or circumstances occurring after the date hereof.

Source: Fortune Brands Home & Security, Inc.

INVESTOR and MEDIA CONTACT:

Matthew Skelly

847-484-4573

[email protected]

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Other Manufacturing Commercial Building & Real Estate Construction & Property Other Retail Interior Design Building Systems Home Goods Manufacturing Other Construction & Property Retail

MEDIA:

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SANUWAVE Health Reports Third Quarter 2020 Financial Results

 
Transformational Acquisition Positions for Significant Growth in Fourth Quarter 2020 and Beyond

SUWANEE, GA, Nov. 17, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — SANUWAVE Health, Inc. (OTCQB: SNWV), focused on the development and commercialization of a robust and innovative advanced wound care product portfolio for the repair and regeneration of skin and vascular structures, announced today financial results from the three months ended September 30, 2020.

Highlights of the Third Quarter and Recent Weeks

  • Achieved record revenue of approximately $2.0 million in the third quarter of 2020;
  • Closed the acquisition of UltraMIST® and the license to market BIOVANCE® and Interfyl® from Celularity;
  • Received regulatory approval from COFEPRIS and formed Joint Venture to market and distribute dermaPACE® to treat chronic wounds in Mexico and received ANVISA approval to market dermaPACE to treat chronic wounds in Brazil;
  • Participated in series of key medical meetings to enhance clinician awareness of dermaPACE and UltraMIST before audiences of leading wound care specialists;
  • Received reimbursement coverage for BIOVANCE from largest Medicare/Medicaid Administrator; and
  • Significantly strengthened patent portfolio.

Management Commentary

“The third quarter was transformational for SANUWAVE as we added UltraMist, BIOVANCE and Interfyl to our portfolio to create a market-leading provider of advanced wound care solutions that improves clinical outcomes across the continuum of care.  The combination of our two powerful wound care offerings was evidenced in our record revenue in the third quarter 2020; is expected to increase product revenue by approximately 50% in the fourth quarter; and should further accelerate our growth throughout 2021,” stated Kevin A. Richardson, II, Chairman and Chief Executive Officer of SANUWAVE Health.  “We are particularly pleased to have surpassed our integration timelines by three months and now have a cohesive team that is fully aligned and focused on achieving our goals to drive revenue and bring our suite of advanced wound care products to patients in need.” 

“Since closing the transaction in late August, we are off to a strong start and are pleased with the traction we are gaining in the market.  We continue to invest in having a strong presence at key medical conferences where we support the use dermaPACE and UltraMist before an audience of leading wound care clinicians.   In addition, we are now using data driven tools to pinpoint areas with the strongest addressable markets for our wound care solutions and are increasing our footprint in those geographies, where we are beginning to see the results of those initiatives.

“We expanded our geographic reach in Latin America with regulatory approvals for dermaPACE to treat chronic wounds in Mexico and Brazil.  Overall, international growth is expected to be strong with plans for nearly ten device placements in the fourth quarter. These placements should provide long-term recurring revenue as our partners gain traction through education and promotion of the clinical benefits of our advanced wound healing products in their respective regions,” concluded Mr. Richardson.

Third Quarter Financial Results

Revenues for the three months ended September 30, 2020 were $1,966,896, compared to $197,640 for the same period in 2019, an increase of $1,769,256, or 895%, which was primarily due to the acquisition of Celularity assets and licensing fees and international distribution fees, as compared to the prior year.

Cost of revenues for the three months ended September 30, 2020 were $548,406 compared to $122,923 for the same period in 2019. Gross profit as a percentage of revenues was 72% for the three months ended September 30, 2020, compared to 38% for the same period in 2019, primarily due to sales of UltraMist, BIOVANCE and Interfyl, which have a 60% gross profit and an increase in high-margin dermaPACE treatment fees.

Operating expenses for the three months ended September 30, 2020 were $7.2 million, compared to $2.5 million for the same period in 2019, an increase of $4.7 million, or 192%.

Research and development expenses for the three months ended September 30, 2020 were $432,155, compared to $299,903 for the same period in 2019, an increase of $132,252, or 44%, largely due to higher salary and related costs due to increased headcount as a result of the Celularity asset acquisition and Profile repackaging project in 2020.

Selling and marketing expenses for the three months ended September 30, 2020 were $1,373,475, compared to $335,472 for the same period in 2019, an increase of $1,038,003, or 309%, due to higher salary and related costs due to increased headcount as a result of the Celularity asset acquisition, higher commissions and higher costs for tradeshows.

General and administrative expenses for the three months ended September 30, 2020 were $5,054,508, as compared to $1,802,659 for the same period in 2019, an increase of $3,251,849, or 180%, due to increase in legal and consulting fees related to acquisition and increased operating costs such as utilities, rent, and IT services as a result of the acquisition.

Depreciation and amortization for the three months ended September 30, 2020 was $327,120, compared to $22,338 for the same period in 2019, an increase of $304,782 or 1,364%, due to goodwill recorded as a part of the acquisition and higher depreciation related to increase in fixed assets as a result of acquisition and leased dermaPACE devices.

Net loss for the three months ended September 30, 2020 was $6,181,9156, or ($0.02) per basic and diluted share, compared to a net loss of $2,748,018, or ($0.01) per basic and diluted share, for the same period in 2019, an increase in the net loss of $3,433,897, or 125%.

As of September 30, 2020, SANUWAVE Health had cash and cash equivalents of $5.4 million. Net cash provided by financing activities for the nine months ended September 30, 2020 was $35,615,857, which primarily consisted of $23,623,194 from private placement offerings, $13,346,547 from senior promissory notes, $2,450,000 proceeds from purchase of preferred stock, $1,100,000 from convertible notes, and $614,335 from SBA Loans. These proceeds were partially offset by debt payments of $5,457,663 and principal payments on financing leases of $114,806.  

About SANUWAVE Health, Inc.

SANUWAVE Health, Inc. (OTCQB:SNWV) (www.SANUWAVE.com) is focused on the research, development, and commercialization of its patented noninvasive and biological response activating medical systems for the repair and regeneration of skin, musculoskeletal tissue, and vascular structures.  Through its recent acquisition of Celularity’s UltraMIST® assets, SANUWAVE now combines two highly complementary and market-cleared energy transfer technologies and two human tissue biologic products, which creates a platform of scale with an end-to-end product offering in the advanced wound care market. 

SANUWAVE’s portfolio of regenerative medicine products and product candidates activate tissue regeneration biological signaling and angiogenic responses, producing new vascularization and microcirculatory improvement combined with tissue growth which helps restore the body’s normal healing processes. SANUWAVE applies and researches its patented energy transfer technologies in wound healing, orthopedic/spine, plastic/cosmetic and cardiac/endovascular conditions.

For additional information about the Company, visit 


www.


www sanuwave.com

.


Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with the regulatory approval and marketing of the Company’s product candidates and products, unproven pre-clinical and clinical development activities, regulatory oversight, the Company’s ability to manage its capital resource issues, competition, and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.

Contact:

SANUWAVE Health, Inc.
Kevin Richardson II
Chairman and Chief Executive Officer
978-922-2447
[email protected]

Anne Marie Fields
Managing Director
Rx Communications Group
[email protected]

-Tables to Follow-



    SANUWAVE HEALTH, INC. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
     
               
           September 30,     December 31, 
          2020   2019
      ASSETS    (Unaudited)     
CURRENT ASSETS          
  Cash and cash equivalents      $                    5,391,591    $                    1,760,455
  Accounts receivable, net of allowance for doubtful accounts                          1,395,815                               75,543
  Inventory                            2,539,475                             542,955
  Prepaid expenses and other current assets                               627,751                             125,405
  TOTAL CURRENT ASSETS                            9,954,632                          2,504,358
               
PROPERTY AND EQUIPMENT, net                               979,673                             512,042
               
RIGHT OF USE ASSETS, net                               442,197                             323,661
               
OTHER INTANGIBLE ASSETS, net                          14,198,799                                      –  
               
GOODWILL                            7,259,795                                      –  
               
OTHER ASSETS                                 31,010                               41,931
  TOTAL ASSETS      $                  32,866,106    $                    3,381,992
               
      LIABILITIES        
CURRENT LIABILITIES          
  Accounts payable      $                    2,322,192    $                    1,439,413
  Accrued expenses                            1,603,543                          1,111,109
  Accrued employee compensation                            2,544,768                          1,452,910
  Warrant liability                            6,440,249                                      –  
  Note payable                            4,000,000                                      –  
  Convertible promissory notes, related parties                            1,596,254                                      –  
  SBA loans                               321,821                                      –  
  Accrued interest                                382,926                                      –  
  Operating lease liability                               251,372                             173,270
  Finance lease liability                               187,416                             121,634
  Contract liabilities                                 65,037                               66,577
  Notes payable, related parties, net                                        –                            5,372,743
  Accrued interest, related parties                                        –                            1,859,977
  Short term notes payable                                        –                               587,233
  Line of credit, related parties                                        –                               212,388
  Advances from related parties                                        –                                 18,098
  TOTAL CURRENT LIABILITIES                          19,715,578                        12,415,352
               
NON-CURRENT LIABILITIES          
  Promissory note payable, net of debt issuance costs                        12,007,526    
  SBA loans                               142,514    
  Finance lease liability                               284,588                             271,240
  Operating lease liability                               222,815                             185,777
  Contract liabilities                                 45,519                             573,224
  TOTAL NON-CURRENT LIABILITIES                          12,702,962                          1,030,241
  TOTAL LIABILITIES                          32,418,540                        13,445,593
               
COMMITMENTS AND CONTINGENCIES          
               
      STOCKHOLDERS’ DEFICIT        
PREFERRED STOCK, par value $0.001, 5,000,000          
  shares authorized; 6,175 and 293 shares designated Series A and                                       –                                        –  
  Series B, respectively          
               
COMMON STOCK, par value $0.001, 600,000,000 (Note 18) shares authorized;        
  302,119,428 and 293,780,400 issued and outstanding in 2020 and        
  2019, respectively                               466,095                             293,781
               
ADDITIONAL PAID-IN CAPITAL                        143,086,771                      115,457,808
               
ACCUMULATED DEFICIT                      (143,043,935)                    (125,752,956)
               
ACCUMULATED OTHER COMPREHENSIVE LOSS                             (61,365)                             (62,234)
  TOTAL STOCKHOLDERS’ DEFICIT                               447,566                      (10,063,601)
  TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIT    $                  32,866,106    $                    3,381,992

  SANUWAVE HEALTH, INC. AND SUBSIDIARIES
  CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
  (UNAUDITED)
                     
         Three Months Ended     Three Months Ended     Nine Months Ended     Nine Months Ended 
         September 30,     September 30,     September 30,     September 30, 
        2020   2019   2020   2019
                     
REVENUES                
  Product    $                       1,321,248    $                          158,855    $                       1,465,147    $                          444,087
  License fees                                629,447                                  16,250                                639,447                                189,307
  Other revenue                                  16,201                                  22,535                                  94,194                                  59,185
    TOTAL REVENUES                             1,966,896                                197,640                             2,198,788                                692,579
                     
COST OF REVENUES                
  Product                                533,629                                  91,179                                637,369                                334,749
  Other                                  14,777                                  31,744                                  26,261                                  67,908
    TOTAL COST OF REVENUES                                548,406                                122,923                                663,630                                402,657
                     
GROSS MARGIN                             1,418,490                                  74,717                             1,535,158                                289,922
                     
OPERATING EXPENSES                
  Research and development                                432,155                                299,903                                983,816                                867,825
  Selling and marketing                             1,373,475                                335,472                             2,414,476                                901,031
  General and administrative                             5,054,508                             1,802,659                             9,529,218                             4,746,519
  Depreciation and amortization                                327,120                                  22,338                                491,891                                  40,150
    TOTAL OPERATING EXPENSES                             7,187,258                             2,460,372                           13,419,401                             6,555,525
                     
    OPERATING LOSS                           (5,768,768)                           (2,385,655)                         (11,884,243)                           (6,265,603)
                     
OTHER INCOME (EXPENSE)                
  Gain on warrant valuation adjustment                                865,916                                         –                                  865,916                                227,669
  Loss on extinguishment of debt                              (503,234)                                  (503,234)    
  Interest expense                              (690,659)                              (182,001)                              (831,348)                           (1,120,440)
  Interest expense, related party                                (61,334)                              (175,522)                              (431,070)                              (508,193)
  Loss on foreign currency exchange                                (23,836)                                  (4,840)                                (32,103)                                (13,199)
    TOTAL OTHER INCOME (EXPENSE), NET                              (413,147)                              (362,363)                              (931,839)                           (1,414,163)
                     
    NET LOSS                           (6,181,915)                           (2,748,018)                         (12,816,082)                           (7,679,766)
                     
OTHER COMPREHENSIVE INCOME (LOSS)                
  Foreign currency translation adjustments                                         –                                  (14,061)                                         –                                    13,152
    TOTAL COMPREHENSIVE LOSS    $                     (6,181,915)    $                     (2,762,079)    $                   (12,816,082)    $                     (7,666,614)
                     
LOSS PER SHARE:                    
  Net loss – basic and diluted    $                              (0.02)    $                              (0.01)    $                              (0.03)    $                              (0.04)
                     
  Weighted average shares outstanding – basic and diluted                         302,119,428                         211,423,362                         448,811,314                         181,088,995



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Qurate Retail, Inc. Announces Extension of Employment Agreement of President and CEO Mike George and Planned Retirement at the End of 2021

Qurate Retail, Inc. Announces Extension of Employment Agreement of President and CEO Mike George and Planned Retirement at the End of 2021

ENGLEWOOD, Colo.–(BUSINESS WIRE)–
Qurate Retail, Inc. (“Qurate Retail”) (Nasdaq: QRTEA, QRTEB) today announced that President and CEO Mike George has extended his employment agreement through the end of 2021 and will be retiring from the company at that time. The early announcement allows ample time for transition planning and an executive search process.

“After leading QVC and Qurate Retail for nearly half the life of the company, I will be retiring at the end of 2021. This decision was made with careful consideration for our company, team members, partners and shareholders,” said Mike George, President and CEO, Qurate Retail, Inc. “The company is well positioned to thrive in this new era of retail by providing differentiated experiences across traditional commerce and new media platforms. We have many strong leaders and a committed and passionate team who will continue to grow our business by providing unique products and an incredible customer experience across every touchpoint.”

“Mike George has provided strong leadership at Qurate Retail for fifteen years and successfully led the business through many challenges and changes, including most recently COVID-19. I’m very pleased that he has agreed to stay on for another year during which time the Board, Mike and I will work together to find the next leader of Qurate Retail,” said Greg Maffei, Qurate Executive Chairman. “We have strong internal candidates and will also consider external candidates to find the best leader to drive our future and further build upon Qurate Retail’s strong performance trajectory. I want to thank Mike for being a great partner over these many years and for his dedication to growing Qurate Retail to the benefit of our teams, customers, and shareholders.”

About Qurate Retail, Inc.

Qurate Retail, Inc. operates and owns interests in a broad range of digital commerce businesses. Qurate Retail, Inc.’s businesses and assets consist of QVC (and its subsidiaries, including HSN), Zulily and the Cornerstone Brands (collectively, the Qurate Retail Group) as well as various green energy and other investments.

Qurate Retail, Inc.

Courtnee Chun, 720-875-5420

KEYWORDS: United States North America Colorado

INDUSTRY KEYWORDS: Online Retail Fashion Other Retail Luxury Retail

MEDIA:

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Customers Bank Joins MaxMyInterest Platform to Offer Ultra-Fast Account Opening and Premium Interest Rates

Customers Bank Joins MaxMyInterest Platform to Offer Ultra-Fast Account Opening and Premium Interest Rates

Partnership another milestone in digitization journey.

WEST READING, Pa. & NEW YORK–(BUSINESS WIRE)–Customers Bank (NYSE: CUBI), a digital-first, fintech-forward financial institution with a growing national presence, today announced its nationwide collaboration with MaxMyInterest (Max)*, an intelligent cash management platform for individual clients and financial advisors.

“Customers Bank has demonstrated a commitment to innovation, and we are proud to welcome them to the Max platform,” said MaxMyInterest Founder and CEO Gary Zimmerman. “As a result of this collaboration, which leverages our patented Max Common Application, Max members can now earn an even higher yield on their cash in just a few clicks – without switching banks – while remaining confident their cash is FDIC-insured and same-day liquid.”

In an age when high net worth clients expect to bank when, where, and how they like, the clear winners are digital platforms that offer convenience, speed, security and access to the best financial products. Max represents an attractive way for individual clients to earn a higher yield on their cash. By utilizing industry-leading rapid account-opening technology, this integration allows Max members to open and begin funding an FDIC-insured Customers Bank high-yield savings account in less than one minute.

“We are pleased to be among a select group of partner banks on the Max platform. The collaboration with Max is the next step in our strategy to partner with market-leading fintech service providers to pioneer innovative financial products and services,” commented Customers Bank Vice Chairman & Chief Operating Officer Sam Sidhu. “The CB Max Savings account is one of our newest accounts designed to help our clients achieve their short- and long-term financial goals.”

Max helps depositors seamlessly and automatically distribute cash balances among multiple bank accounts, automatically seeking the highest yields, even as rates change. With Max, clients can earn more on their deposits through highly competitive yields while simultaneously benefitting from greater aggregate FDIC insurance coverage, one-click funds transfers, and consolidated tax reporting.

This year, Customers Bank partnered with several fintechs to participate in more than 108,000 SBA Paycheck Protection Program Loans nationwide with an aggregate value of more than $5.2 billion. In 2015, Customers Bank launched BankMobile to provide a compliant, mobile-first banking experience that is simple, affordable, and consumer-friendly. Named “Most Innovative Bank” by LendIt in 2019, BankMobile has a disruptive, multi-partner distribution model, known as “Banking-as-a-Service” (BaaS). BankMobile has partnered with T-Mobile Money and Google Money. “The Max partnership is another milestone in our digitization journey,” said Sidhu.

For more information or to open an account, visit MaxMyInterest.com.

* MaxMyInterest and Max are trademarks of Six Trees Capital LLC.

About Customers Bank

Customers Bank, a subsidiary of Customers Bancorp, Inc. a bank holding company, is a full-service super-community bank with assets of approximately $18.8 billion at September 30, 2020. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals and families. Services and products are available wherever permitted by law through digital-first apps, online portals, and a network of offices and branches. Customers Bancorp, Inc.’s voting common shares are listed on the New York Stock Exchange under the symbol CUBI. Additional information can be found on the company’s website, www.customersbank.com.

About MaxMyInterest

MaxMyInterest (“Max”), a service of Six Trees Capital LLC, offers a suite of tools for individuals and financial advisors that enable individual investors to earn dramatically higher yields on cash. Max automatically works to help ensure deposits earn the highest yield possible while remaining FDIC-insured. Today, Max members can earn up to 0.85% on FDIC-insured cash, compared to the national savings average of 0.05%. Learn more about Max’s solutions for self-directed investors at MaxMyInterest.com, for financial advisors at MaxForAdvisors.com, or for banks at MaxForBanks.com.

MEDIA

Customers Bank

David W. Patti

Director of Communications & Marketing

[email protected]

484-926-7109

MaxMyInterest

Celene Menschel

[email protected]

917-670-0892

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Technology Mobile/Wireless Finance Banking Professional Services Networks Internet Data Management Consumer Electronics

MEDIA:

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Posted on

Tetra Tech Wins $150 Million U.S. Navy Architect-Engineer Contract

Tetra Tech Wins $150 Million U.S. Navy Architect-Engineer Contract

PASADENA, Calif.–(BUSINESS WIRE)–Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Naval Facilities Engineering Command awarded the Company a $150 million, multiple-award, architect and engineering services contract to support facilities at locations worldwide.

Under this five-year contract, Tetra Tech will provide services for the modernization of systems related to fuel storage and distribution, emergency backup power, and fire protection and spill containment. Tetra Tech’s scientists and engineers will leverage high-end technology and advanced analytics to deliver innovative solutions in sustainable infrastructure design, including waterfront protection and stormwater management.

“The U.S. Navy has been a valued client for more than 50 years,” said Dan Batrack, Tetra Tech Chairman and CEO. “We look forward to continuing to use our Leading with Science®approach to support the Navy’s sustainable infrastructure initiatives.”

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions (“Future Factors”), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Risk Factors” included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

KEYWORDS: California United States North America Canada

INDUSTRY KEYWORDS: Professional Services Engineering Defense Manufacturing Consulting Contracts

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Easterly Government Properties to Participate at Nareit’s Virtual REITworld 2020 Investor Conference

Easterly Government Properties to Participate at Nareit’s Virtual REITworld 2020 Investor Conference

WASHINGTON–(BUSINESS WIRE)–
Easterly Government Properties, Inc. (NYSE:DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that management will participate in investor meetings at Nareit’s REITworld 2020 Investor Conference, taking place virtually from November 17 – 19, 2020. In addition, members of its management team will deliver a virtual company presentation to registered institutional investors at 10:30 am Eastern Time on November 19, 2020. More information about this year’s event is available here: https://www.reit.com/events/reitworld.

Electronic copies of the written materials to be provided to investors in connection with the meetings can be found in the Presentation section of the Company’s Investor Relations website at ir.easterlyreit.com.

About Easterly Government Properties, Inc.

Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA). For further information on the Company and its properties, please visit www.easterlyreit.com.

Easterly Government Properties, Inc.

Lindsay S. Winterhalter

Vice President, Investor Relations & Operations

202-596-3947

[email protected]

KEYWORDS: District of Columbia United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property REIT

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