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Walmart Announces Creation of New Fintech Startup

Walmart Announces Creation of New Fintech Startup

Partners with industry leader Ribbit Capital to offer next generation digital financial products

BENTONVILLE, Ark.–(BUSINESS WIRE)–
Today, Walmart announced the creation of a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions. The new company is a strategic partnership with leading fintech investment firm Ribbit Capital. The venture will bring together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences tailored to Walmart’s customers and associates.

“For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their financial needs. And they’ve made it clear they want more from us in the financial services arena,” said John Furner, President and CEO, Walmart US. “We’re thrilled to work with Ribbit Capital in a new venture to help us deliver innovative and needed options to our customers and associates – with speed and at scale.”

The company will be majority-owned by Walmart. Its board will include John Furner, President and CEO, Walmart US; Brett Biggs, Executive Vice President and Chief Financial Officer, Walmart; and Meyer Malka, Managing Partner of Ribbit Capital. The company plans to add independent industry experts to the board and to build a management team of experienced fintech leaders. It anticipates that growth may come through partnerships and acquisitions with leading fintech companies.

Ribbit Capital is a global investment firm with a mission to change the world of finance. Founded in 2012, Ribbit’s mandate is to invest in the best entrepreneurs and businesses disrupting financial services. Its current portfolio includes no-fee mobile investment platform Robinhood; consumer technology platform Credit Karma; and Affirm, which provides innovative payment options for customers.

“Walmart has a relationship with millions of customers and associates built on trust, security and integrity,” said Meyer Malka, Managing Partner, Ribbit Capital. “When we combine our deep knowledge of technology-driven financial businesses and our ability to move with speed with Walmart’s mission and reach, we can create and deliver financial offerings that are second to none.”

Walmart will continue to serve customers through its existing financial services and partnerships with a number of third parties, including Walmart Credit Card, Walmart Money Card, check cashing, money transfers, installment financing and more.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, over 265 million customers and members visit approximately 11,400 stores under 55 banners in 26 countries and eCommerce websites. With fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting https://corporate.walmart.com, on Facebook at https://facebook.com/walmart and on Twitter at https://twitter.com/walmart.

Molly Blakeman

1-800-331-0085

news.walmart.com/reporter

KEYWORDS: Arkansas United States North America

INDUSTRY KEYWORDS: Finance Banking Discount/Variety Retail Professional Services

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Mesabi Trust Press Release

Mesabi Trust Press Release

NEW YORK–(BUSINESS WIRE)–
The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of forty-six cents ($0.46) per Unit of Beneficial Interest payable on February 20, 2021 to Mesabi Trust Unitholders of record at the close of business on January 30, 2021. This compares to a distribution of seventy cents ($0.70) per Unit for the same period last year.

The twenty-four cents ($0.24) per Unit decrease in the current distribution, as compared to the distribution announced by the Trust at the same time last year, is primarily attributable to the Trust’s receipt of total royalty payments of $5,925,181 on October 30, 2020 from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company, which was lower than the total royalty payments of $12,095,964 received by the Trust from Cliffs in October 2019. The decrease in the royalty received by the Trust in October 2020, as compared to the royalty received in October 2019, is primarily attributable to lower volume of shipments of Mesabi ore during the most recent calendar quarter 2020 (including as a result of Cliffs’ temporary idling of production at Northshore from April 2020 until early August 2020), and lower average iron ore sales prices during the most recent calendar quarter 2020 compared to the same quarter 2019. The Trust’s announcement today also reflects that the Trust’s most recent balance sheet includes a contract liability, which represents, among other things, anticipated negative pricing adjustments and iron ore that has not been shipped by Northshore, but for which the Trust has received a royalty payment based on an initial estimated price. See Mesabi Trust’s Quarterly Report on Form 10-Q, Part I- Financial Information, Note 2 (regarding “Contract asset and contract liability”), for the fiscal quarter ended October 31, 2020 (filed December 9, 2020). Finally, the Trust’s distribution announcement today also reflects the Trustees’ determination that Mesabi Trust will have sufficient reserves available to make such a distribution while also maintaining an appropriate level of unallocated reserves in order for the Trust to be positioned to meet current and future expenses, and present and future liabilities (whether fixed or contingent), that may arise.

Quarterly royalty payments from Cliffs’ Northshore for iron ore shipments during the fourth calendar quarter, which are payable to Mesabi Trust under the royalty agreement, are due on January 30, 2021, together with the quarterly royalty report. After receiving the quarterly royalty report, Mesabi Trust plans to file a summary of the quarterly royalty report with the Securities and Exchange Commission in a Current Report on Form 8-K.

Forward-Looking Statements

This press release contains certain forward-looking statements with respect to iron ore pellet production, iron ore pricing and adjustments to pricing, shipments by Northshore, royalty (including bonus royalty) amounts, timing of quarterly royalty payments and quarterly royalty reports, and other matters, which statements are intended to be made under the safe harbor protections of the Private Securities Litigation Reform Act of 1995, as amended. Actual production, prices, price adjustments, and shipments of iron ore pellets, as well as actual royalty payments (including bonus royalties) could differ materially from current expectations due to inherent risks and uncertainties such as general adverse business and industry economic trends, uncertainties arising from war, terrorist events, the impact of the recent coronavirus (COVID-19) pandemic, and other global events, higher or lower customer demand for steel and iron ore, decisions by mine operators regarding curtailments or idling of production lines or entire plants, announcements and implementation of trade tariffs, environmental compliance uncertainties, difficulties in obtaining and renewing necessary operating permits, higher imports of steel and iron ore substitutes, processing difficulties, consolidation and restructuring in the domestic steel market, indexing features in Cliffs pellet agreements resulting in adjustments to royalties payable to Mesabi Trust and other factors. Further, substantial portions of royalties earned by Mesabi Trust are based on estimated prices that are subject to quarterly and final adjustments, which can be positive or negative, and are dependent in part on multiple price and inflation index factors under agreements to which Mesabi Trust is not a party and that are not known until after the end of a contract year. Although the Mesabi Trustees believe that any such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties, which could cause actual results to differ materially. Additional information concerning these and other risks and uncertainties is contained in the Trust’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Mesabi Trust undertakes no obligation to publicly update or revise any of the forward-looking statements made herein to reflect events or circumstances after the date hereof.

Mesabi Trust SHR Unit

Deutsche Bank Trust Company Americas

904-271-2520

KEYWORDS: United States North America Canada New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

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Five Point Holdings, LLC Announces Sales of Homesites at Valencia in Los Angeles County

Five Point Holdings, LLC Announces Sales of Homesites at Valencia in Los Angeles County

IRVINE, Calif.–(BUSINESS WIRE)–
Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH) announced today the sale of additional homesites at its Valencia community, previously known as Newhall Ranch, and the line-up of homebuilders for the first phase of the community.

In the fourth quarter of 2020, the Company sold 487 homesites for a gross purchase price of $115 million. Together with the sales completed since Q4 2019, the first phase will include 1,268 homesites in 18 neighborhoods, with homes ranging from 775 to 3,680 square feet in size that will serve a diverse pool of buyers. The builders in the first phase of Valencia are KB Home, Lennar, Richmond American, Toll Brothers and TRI Pointe Group.

“We are very excited to welcome our builder partners to Valencia. The enthusiasm from the builders validates our vision and together we will build yet another nationally celebrated community,” said Emile Haddad, Chairman and CEO of Five Point.

The long anticipated community will be the largest provider of new homes in Los Angeles County, with plans for approximately 21,000 homes, 11.5 million square feet of commercial space, and 10,000 acres of open space. The first village includes 1.5 million square feet of this planned commercial space, which the Company intends to develop. The space in this phase is expected to target healthcare providers, life science companies and life-style focused uses.

Haddad added, “We are proud of our long-standing partnership with the County of Los Angeles. This partnership is now bringing forward a community that will be a model of balance between social equity and environmental justice. It will deliver a wide range of housing opportunities in one of the most constrained housing markets in the country and is being developed as the largest net zero greenhouse gas emission community of its kind in America.”

Kathryn Barger, the Supervisor of Los Angeles County’s 5th Supervisorial District – the county’s largest District and the one in which Valencia is located – said, “In the midst of a generational housing crisis, this critically needed housing is a welcomed addition to the region. The Five Point team’s thoughtful innovation in the development of these new communities will be a model for the future. I am grateful for this partnership of nearly two decades.”

The financial results of these transactions will be included in the Company’s next earnings report.

About Five Point

Five Point, headquartered in Irvine, California, designs and develops large mixed-use, master-planned communities in Orange County, Los Angeles County, and San Francisco County that combine residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks and open space. Five Point’s communities include the Great Park Neighborhoods® in Irvine, Valencia® (formerly known as Newhall Ranch®) in Los Angeles County, and Candlestick® and The San Francisco Shipyard® in the City of San Francisco. These communities are designed to include approximately 40,000 residential homes and approximately 23 million square feet of commercial space.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “would,” “result” and similar expressions that do not relate solely to historical matters are intended to identify forward-looking statements. This press release may contain forward-looking statements regarding: our expectations of our future revenues, costs, and financial performance; future demographics and market conditions in the areas where our communities are located; the outcome of pending litigation and its effect on our operations; the timing of our development activities; and the timing of future real estate purchases or sales, including anticipated deliveries of homesites and anticipated amenities in our communities. We caution you that any forward-looking statements included in this press release are based on our current views and information currently available to us. Forward-looking statements are subject to risks, trends, uncertainties, and factors that are beyond our control. Some of these risks and uncertainties are described in more detail in our filings with the SEC, including our Annual Report on Form 10-K, under the heading “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We caution you therefore against relying on any of these forward-looking statements. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. They are based on estimates and assumptions only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events, or other changes, except as required by applicable law.

Five Point Holdings, LLC

Investor Relations:

Bob Wetenhall, 949-349-1087

[email protected]

or

Media:

Steve Churm, 949-349-1034

[email protected]

KEYWORDS: United States North America California

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

MEDIA:

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Americas Gold and Silver Corporation Announces Commercial Production at Relief Canyon

Americas Gold and Silver Corporation Announces Commercial Production at Relief Canyon

TORONTO–(BUSINESS WIRE)–
Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Gold and Silver” or the “Company”), a growing North American precious metals producer, is pleased to announce that the Relief Canyon mine, located in Nevada, United States, has declared commercial production effective January 11, 2020.

Highlights

  • First gold poured February 2020.
  • Since the return of the Company’s large radial stacker in December, the operation has consistently met the required stacking rates, which was the final item required to declare commercial production.
  • Full ramp-up from the operation targeted by mid-May 2021.

“I am pleased to announce that Relief Canyon has achieved commercial production following a challenging 2020,” stated Americas Gold and Silver President & CEO Darren Blasutti. “The Relief Canyon team worked hard to overcome the common teething pains in commissioning a new operation, the impact of the COVID-19 pandemic, and the failure of our large radial stacker. I look forward to a successful 2021.”

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company’s newest asset, the Relief Canyon mine in Nevada, USA, has poured first gold, achieved commercial production, and is expected to ramp up to full production over the course of 2021. The Company also owns and operates the Cosalá Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, USA and owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com.

Qualified Persons

Daren Dell, Chief Operating Officer, who is an employee of the Company and a “qualified person” under National Instrument 43-101, have approved the applicable contents of this news release.

Cautionary Statement on Forward-Looking Information:

This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas Gold and Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated and targeted production rates and results for gold, silver and other precious metals, as well as the related costs, expenses and capital expenditures; the Company’s production, development plans and performance expectations at the Relief Canyon Mine, including the anticipated timing of full ramp-up of production at the operations, and its ability to finance, develop and operate Relief Canyon as planned. Often, but not always, forward-looking information can be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intend”, “potential’, “estimate”, “may”, “assume” and “will” or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas Gold and Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas Gold and Silver to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Gold and Silver, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee availability and productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to operate and achieve expected production levels at the Relief Canyon Project as planned; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments and other risks of the mining industry. The full extent of the potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including the Company’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which the Company operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 on the Company is dependent on a number of factors outside of its control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which it operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas Gold and Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas Gold and Silver does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas Gold and Silver does not give any assurance (1) that Americas Gold and Silver will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas Gold and Silver are expressly qualified in their entirety by the cautionary statements above.

Stefan Axell

VP, Corporate Development & Communications

Americas Gold and Silver Corporation

416-874-1708

Darren Blasutti

President and CEO

Americas Gold and Silver Corporation

416-848‐9503

KEYWORDS: United States North America Canada

INDUSTRY KEYWORDS: Mining/Minerals Natural Resources

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VICI Properties Announces Release Date for Fourth Quarter and Full Year 2020 Results

VICI Properties Announces Release Date for Fourth Quarter and Full Year 2020 Results

NEW YORK–(BUSINESS WIRE)–
VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that it will release its fourth quarter and full year 2020 financial results on Thursday, February 18, 2021 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, February 19, 2021 at 10:00 a.m. Eastern Time (ET).

Conference Call and Webcast

The conference call can be accessed by registering online at http://www.directeventreg.com/registration/event/1078778 at which time registrants will receive dial-in information as well as a passcode and registrant ID. At the time of the call, participants will dial in using the numbers in the confirmation email and enter their passcode and ID, upon which they will enter the conference call.

A live audio webcast of the conference call will be available in listen-only mode through the “Investors” section of the Company’s website, www.viciproperties.com, on February 19, 2020, beginning at 10:00 a.m. ET. A replay of the webcast will be available shortly after the call on the Company’s website and will continue for one year.

About VICI Properties

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties’ national, geographically diverse portfolio consists of 28 gaming facilities comprising 47 million square feet and features approximately 18,000 hotel rooms and more than 200 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars, Century Casinos, Hard Rock International, JACK Entertainment and Penn National Gaming. VICI Properties also has an investment in the Chelsea Piers, New York facility and owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio. For additional information, please visit www.viciproperties.com.

Investor Contacts:

[email protected]

(646) 949-4631

Or

David Kieske

EVP, Chief Financial Officer

[email protected]

Danny Valoy

Vice President of Finance

[email protected]

KEYWORDS: New York United States North America

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

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Independent Bank Corp.’s Announcement of Date of Fourth Quarter Conference Call

Independent Bank Corp.’s Announcement of Date of Fourth Quarter Conference Call

ROCKLAND, Mass.–(BUSINESS WIRE)–
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss fourth quarter results on Friday, January 22, 2021, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to http://dpregister.com, which will provide a unique pin to the participant which allows immediate access to the call. A replay of the call will be available by calling 877-344-7529, Replay Conference Number: 10149598 which will be available through January 29, 2021.

Internet access to the call is available on the Company’s web site at http://www.RocklandTrust.com by choosing Investor Relations under the “About Us” category and selecting Fourth Quarter 2020 Earnings Conference Call. The webcast replay will be available until January 22, 2022.

Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe’s “Top Places to Work” 2020 list, an honor earned for the 12th consecutive year. In addition to this recognition, Rockland Trust was ranked the #1 Bank in Massachusetts, according to Forbes 2020 World’s Best Banks list. Rockland Trust is deeply committed to the communities it serves as reflected in the overall “Outstanding” rating received in its most recent Community Reinvestment Act performance evaluation. Rockland Trust offers a wide range of banking, investment, and insurance services. The Bank serves businesses and individuals through approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, Cape Cod and Islands, as well as in Worcester County and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender. To find out why

Rockland Trust is the bank “Where Each Relationship Matters®,” please visit RocklandTrust.com.

Chris Oddleifson

President and

Chief Executive Officer

(781) 982-6660

Mark J. Ruggiero

Chief Financial Officer

(781) 982-6281

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Banking Professional Services Finance

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Broadmark Realty Capital Declares Monthly Dividend for January 2021

Broadmark Realty Capital Declares Monthly Dividend for January 2021

– Increases Dividend 17% to $0.07 –

SEATTLE–(BUSINESS WIRE)–Broadmark Realty Capital Inc. (NYSE: BRMK) (the “Company”), an internally managed real estate secured finance company, today announced that its board of directors has declared a cash dividend of $0.07 per share of common stock for January 2021. The January dividend reflects an approximately 17% increase over the prior dividend rate. The dividend will be payable on February 12, 2021 to stockholders of record as of January 29, 2021.

Forward Looking Statements

Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may”, “should”, “would”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “continue”, “future”, “will”, “expect”, “outlook” or other similar words, phrases or expressions. These statements are based on the current expectations and are not predictions of actual performance. In addition, actual results are subject to other risks and uncertainties that relate more broadly to the Company’s overall business, including those more fully described in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of performance, and speak only as of the date made, and the Company undertakes no obligation to update or revise any forward-looking statements except as required by law.

About Broadmark Realty Capital

Broadmark Realty Capital Inc. (NYSE: BRMK) is an internally managed commercial real estate finance company that offers short-term, first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation or development of residential or commercial properties. Broadmark Realty Capital manages and services its loan portfolio across a variety of market conditions and economic cycles.

Investor Relations

[email protected]

206-623-7782

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Finance Other Construction & Property Professional Services Commercial Building & Real Estate Construction & Property

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AMN Healthcare Announces Preliminary Fourth Quarter 2020 Revenue; To Present at J.P. Morgan Healthcare Conference

AMN Healthcare Announces Preliminary Fourth Quarter 2020 Revenue; To Present at J.P. Morgan Healthcare Conference

DALLAS–(BUSINESS WIRE)–
In connection with the Company’s participation at the 39th Annual J.P. Morgan Healthcare Conference on January 12, 2021, AMN Healthcare Services Inc. (NYSE: AMN) is providing preliminary unaudited consolidated revenue results for the fourth quarter of 2020. Based on its preliminary financial information, the Company expects consolidated revenues in the fourth quarter of 2020 to be between $623 million and $628 million. These preliminary unaudited results compare with the Company’s most recent consolidated revenue guidance range of $575 million to $585 million, which was provided in its press release announcing its 2020 third quarter financial results on November 5, 2020.

The preliminary results reflect strong demand for our services across all three reportable segments, with particular strength in the Nurse and Allied Solutions segment, and are based on management’s initial assessment of operations for the quarter ended December 31, 2020. The Company expects to issue full financial results for the fourth quarter and fiscal year 2020 in February.

The Company is also reaffirming its 2020 fourth quarter operating margin and adjusted EBITDA margin guidance provided in its press release announcing its 2020 third quarter financial results on November 5, 2020. The Company expects that its fourth quarter 2020 operating margin and adjusted EBITDA margin results will be at the high end of its previously provided guidance ranges of 7.6-8.1% and 13.3-13.8%, respectively.

During the J.P. Morgan Healthcare Conference, AMN Chief Executive Officer Susan Salka and Chief Financial Officer Brian Scott will give a presentation on January 12, 2021 at 11:40 a.m. Eastern time with a question and answer session scheduled immediately following the presentation. During the presentation, Ms. Salka and Mr. Scott will discuss operational and financial developments and trends relating to the Company. Statements in this presentation and management’s answers to questions may contain or constitute material information that the Company has not previously disclosed publicly. A live webcast and audio archive of the presentation and question and answer session will be available via the Investor Relations section of the Company’s Web site at https://ir.amnhealthcare.com/home/default.aspx or by clicking on the link below:

https://ir.amnhealthcare.com/events-and-presentations/event-details/2021/Presentation-at-the-2021-JP-Morgan-Healthcare-Conference/default.aspx

Participants should allow approximately five to ten minutes prior to the presentation’s start time to visit the site and download any streaming media software needed to listen to the Internet webcast. A replay of the webcast will also be available on the Company’s Web site for at least 90 days.

Non-GAAP Measures

This press release contains certain non-GAAP financial information, which the Company provides as additional information, and not as an alternative, to the Company’s condensed consolidated financial statements presented in accordance with GAAP. The non-GAAP financial measure included in this press release is adjusted EBITDA margin. The Company provides adjusted EBITDA because management believes it is useful to both management and investors as a supplement, and not as a substitute, when evaluating the Company’s operating performance. Additionally, management believes that adjusted EBITDA margin also serves as an industry-wide financial measure. The Company uses adjusted EBITDA margin for making financial decisions, allocating resources and for determining certain incentive compensation objectives. The adjusted EBITDA margin provided in this release is not in accordance with, or an alternative to, GAAP measures and may be different from non-GAAP measures, or may be calculated differently than other similarly titled non-GAAP measures reported by other companies. Adjusted EBITDA margin should not be used in isolation to evaluate the Company’s performance. A reconciliation of the adjusted EBITDA guidance identified in this release, along with further detail about the use and limitations of the Company’s non-GAAP measures, may be found in the Company’s press release announcing its 2020 third quarter financial results on November 5, 2020.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, among others, statements concerning the demand for our services, fourth quarter 2020 consolidated revenue and our fourth quarter guidance for consolidated operating margin and adjusted EBITDA margin. The guidance and preliminary financial projection set forth in this press release reflect the Company’s current preliminary projection, are subject to the completion of the Company’s audit process and are subject to change. The Company’s full fourth quarter 2020 results could differ materially from the preliminary projection and guidance provided in this press release. You are cautioned not to place undue reliance on the guidance and preliminary projection, which reflect management’s guidance and preliminary projection only as of the date of this press release. We undertake no obligation to publicly release the results of any revision or update of the preliminary projection or guidance, except as required by law. Factors that could cause the Company’s actual fourth quarter 2020 results to vary from the preliminary projection and guidance noted in this press release include (i) variances between the Company’s preliminary revenue accruals and its actual results, (ii) the Company’s ability to execute its standard processes for consolidating results across multiple business lines, (iii) the Company’s assessment of accrued liabilities, and (iv) the Company’s treatment of certain expenses during the quarter.

About AMN Healthcare

AMN Healthcare is the leader and innovator in total talent solutions for healthcare organizations across the nation. The Company provides access to the most comprehensive network of quality healthcare professionals through its innovative recruitment strategies and breadth of career opportunities. With insights and expertise, AMN Healthcare helps providers optimize their workforce to successfully reduce complexity, increase efficiency and improve patient outcomes. AMN total talent solutions include managed services programs, clinical and interim healthcare leaders, temporary staffing, executive search solutions, vendor management systems, recruitment process outsourcing, predictive modeling, language interpretation services, revenue cycle solutions, credentialing and other services. Clients include acute-care hospitals, community health centers and clinics, physician practice groups, retail and urgent care centers, home health facilities, schools and many other healthcare settings. AMN Healthcare is committed to fostering and maintaining a diverse team that reflects the communities we serve. Our commitment to the inclusion of many different backgrounds, experiences and perspectives enables our innovation and leadership in the healthcare services industry. For more information about AMN Healthcare, visit www.amnhealthcare.com.

Investor Contact:

Randle Reece

Director, Investor Relations

AMN Healthcare

866.861.3229

[email protected]

Media Contact:

Jim Gogek

Corporate Communications

AMN Healthcare

858.350.3209

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: General Health Professional Services Health Human Resources

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Enlightenment Capital-Backed System High Expands MDA Support via Acquisition of Booz Allen Hamilton’s TEAMS Contracts

Enlightenment Capital-Backed System High Expands MDA Support via Acquisition of Booz Allen Hamilton’s TEAMS Contracts

CHANTILLY, Va. and MCLEAN, Va.–(BUSINESS WIRE)–System High Corporation announced today it has acquired the Technical, Engineering, Advisory, and Management Support (TEAMS) business of Booz Allen Hamilton (NYSE: BAH) that serves the Missile Defense Agency (MDA), including 110 employees.

System High, a portfolio company of Enlightenment Capital, is a leading provider of Proactive Protection (P2), Security Engineering, Counterintelligence, Intelligence, and Cybersecurity solutions across the Aerospace, Defense, and Government (ADG) sector. With this acquisition the organization expands its work providing best-in-class protection solutions for information and assets vital to national security.

“The close of this transaction increases our momentum in helping customers solve their most challenging protection problems,” said Rob Howe, System High’s President and CEO. “We welcome these new employees and look forward to combining forces to better protect current and emerging MDA capabilities. This is just one of the initiatives being executed to expand our impact to preserve national security, and MDA success is critical for sustaining this objective. We are excited to grow our presence in the Huntsville area, and look forward to serving the community and establishing strong lines of communication and collaboration with the MDA stakeholders so that we can consistently meet and exceed their expectations.”

Booz Allen has supported the Department of Defense for decades, blending mission expertise with cutting-edge technology to accelerate innovation and create transformative solutions to help defend the nation.

“System High is a strong organization for ensuring the continued protection of the essential systems, technologies, and capabilities that enable success of the MDA mission – to defend the United States and its allies from hypersonic and ballistic missile attacks,” said Lincoln Hudson, Senior Vice President at Booz Allen. “Our business strategy remains focused on staying close to client missions while expanding our solution offerings to help clients like MDA solve the strategic and sophisticated technical challenges their missions face. We remain fully committed to MDA’s mission and to Huntsville, where we will continue to hire and develop talent, invest in cutting-edge innovation, and deliver high-end technology services. We are confident this realignment of the TEAMS business will ensure uninterrupted support for this critical work and are so pleased these jobs will remain part of Huntsville’s thriving technology community as well as others across the country.”

“We are excited that Booz Allen recognized System High as an employee-first organization, a proven and dedicated mission partner with the MDA, and a great home for this business,” said Jason Rigoli, Partner of Enlightenment Capital and Chairman of System High. “With the addition of these programs and their talented team of specialists, System High continues to set the benchmark for mid-tier Federal contractors dedicated to supporting national security.”

Financial terms of the deal were not disclosed.

About System High

System High is a mid-tier company dedicated to providing high-end solutions for some of the nation’s most sensitive activities and has become a leading provider and integrator of global protection and security engineering services. System High’s reputation of succeeding where others have failed is a direct result of bringing together and delivering the most innovative, critical thinking professionals to solve the most complex security challenges across both government and commercial sectors. For more information, visit www.systemhigh.com.

About Enlightenment Capital

Enlightenment Capital, a Washington, DC area based private investment firm, provides flexible capital and strategic support to middle market companies in the Aerospace, Defense & Government (ADG) sector. The firm partners with businesses that provide vital services, protect critical infrastructure, innovate cyber and data solutions, enhance decision making capabilities, engineer aerospace systems, safeguard national security, and endeavor to meet the challenges of today and tomorrow. For more information, visit www.enlightenment-cap.com.

About Booz Allen Hamilton

For more than 100 years, military government and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by its most sensitive agencies. We work shoulder to shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision. With global headquarters in McLean, Virginia, our firm employs about 27,600 people globally, and had revenue of $7.5 billion for the 12 months ended March 31, 2020. To learn more, visit www.boozallen.com. (NYSE: BAH)

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Kathy Hicks

System High

[email protected]

Jessica Klenk

Booz Allen Hamilton

[email protected]

KEYWORDS: Virginia Alabama United States North America

INDUSTRY KEYWORDS: Consulting Banking Aerospace Technology Manufacturing Professional Services Other Policy Issues Security Other Technology Other Professional Services Public Policy/Government

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Eagle Materials Schedules Third Quarter Fiscal 2021 Earnings Release and Conference Call With Senior Management

Eagle Materials Schedules Third Quarter Fiscal 2021 Earnings Release and Conference Call With Senior Management

DALLAS–(BUSINESS WIRE)–
Eagle Materials Inc. (NYSE: EXP) will release financial results for the third quarter of fiscal 2021 ended December 31, 2020, on Thursday, January 28, 2021, before the open of the NYSE and will host an investor conference call the same day, Thursday, January 28, 2021, at 8:30 am Eastern Time (7:30 am Central Time).

To participate in the call, please dial (866) 370-6756 (US & Canada). International callers should dial (409) 350-3156. The conference ID is: 8067166.

The call can be accessed at the Eagle Materials website at www.eaglematerials.com. An archive of the webcast will be available on the site’s Investor Relations page.

About Eagle Materials Inc.

Eagle Materials Inc. manufactures and distributes Portland Cement, Gypsum Wallboard, Recycled Gypsum Paperboard and Concrete and Aggregates from more than 70 facilities across the US. Eagle’s corporate headquarters is in Dallas, Texas.

For additional information, contact at 214/432-2000.

Michael R. Haack

President and Chief Executive Officer

D. Craig Kesler

Executive Vice President, Finance and Administration and CFO

Robert S. Stewart

Executive Vice President, Strategy, Corporate Development and Communications

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Natural Resources Manufacturing Other Manufacturing Packaging Forest Products

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