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Slalom hires Iesha Berry as company’s first Chief Inclusion and Diversity Officer

Berry was formerly a Human Resources Executive at Bank of America

SEATTLE, Dec. 01, 2020 (GLOBE NEWSWIRE) — Slalom, the modern consulting firm focused on strategy, technology, and business transformation, today announced that it has hired Iesha Berry as its first Chief Inclusion and Diversity Officer. Berry will be responsible for leading inclusion and diversity as a business imperative and guiding Slalom in its journey to deliver meaningful progress on inclusion and diversity—fostering a culture where every employee feels valued, safe, and successful.

“I have had the pleasure of knowing Iesha for many years. She is a values-based and empathetic leader with head and heart,” said Lucy Hur, Slalom Chief People Officer. “We’re thrilled to have Iesha’s passion, thought leadership, and global experience as we continue on our journey to cultivating a thriving and inclusive culture where each person loves their work and life.”
        
Berry brings over twenty years of global experience in diversity and inclusion across various companies and industries including Pfizer, Microsoft, and Prudential Financial. Most recently, Berry was the Senior Vice President of Market and Site Human Resources at Bank of America and previously served as the HR Executive and Head of Diversity and Inclusion for Bank of America’s Wealth Management division.

Berry will be responsible for leading and stewarding Slalom’s global inclusion and diversity strategy. In this capacity, Iesha will provide oversight and thought leadership for company initiatives such as inclusion councils, ambassadors, inclusive recruitment, and employee resource groups. Berry will also steward Slalom’s environmental, social, and sustainability efforts and its “United for Equality” multi-year plan focused on being an anti-racist company.

“I’m joining Slalom in the midst of three global pandemics—health, economic, and racial injustice—and it is critical that I use my voice, talent, and hands to enable action,” said Berry. “I’m excited to lead with my authentic voice and unapologetic passion for inclusion and diversity to advance a culture where everyone is able to succeed.”

Prior to starting her professional career at Pfizer, Iesha earned her MA in Human Resources and Industrial Relations from the University of Minnesota and her BA in Psychology from Tougaloo College. Berry is a native of Chicago, IL, and is the mother of three girls. She and her husband have relocated to the Collin County area, where she will be based out of Slalom’s Dallas office.

About Slalom
Slalom is a modern consulting firm focused on strategy, technology, and business transformation. In 39 markets around the world, Slalom’s teams have autonomy to move fast and do what’s right. They are backed by regional innovation hubs, a global culture of collaboration, and partnerships with the world’s top technology providers. Founded in 2001 and headquartered in Seattle, Slalom has organically grown to over 8,000 employees. Slalom has been named one of Fortune’s 100 Best Companies to Work For five years running and is regularly recognized by employees as a best place to work. Learn more at slalom.com.​

MEDIA CONTACT:

Jeremy Littman
510-457-6377
[email protected]  

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c2075035-6cb1-492d-82b3-f092474ea28d



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Bespoke Extracts Extending Black Friday Sale on All Hemp-Derived CBD Formulations Until December 14, 2020


Company Also Announces CEO Purchased Additional $200,000 Stake in Bespoke


SUNNY ISLES, Fla., Dec. 01, 2020 (GLOBE NEWSWIRE) —


Bespoke Extracts, Inc.
 (OTC Pink: BSPK), producer of high quality, hemp-derived CBD products, today announced that the Company is extending its Black Friday sale on its entire line of CBD products offered on https://bespokeextracts.com/shop/. Holiday shoppers will receive a 35% discount on all orders completed through midnight on Monday, December 14, 2020 using code “BLACKFRIDAY35.” Free shipping is available for any order over $60.00; and the first 1000 customers will receive a free Bespoke-branded ballcap with their purchase.

Danny Pollack, CEO of Bespoke Extracts, noted, “In the spirit of the holiday, Bespoke Extracts is delighted to extend our special Black Friday sale on all of our hand-crafted, great-tasting, hemp-derived CBD formulations. All Bespoke products have been developed to complement a healthy, active mode of being for discerning customers who demand quality and will accept no less. With the busy holiday season upon us, it is even more important that people remember to prioritize their wellness.”

In other news, Bespoke Extracts announced that yesterday, November 30, 2020, Pollack increased his personal equity stake in the Company, purchasing 20,000,000 million shares of common stock for $0.01 per share, or $200,000. For additional details, please refer to the related Form 8-K to be filed with the U.S. Securities & Exchange Commission later today.

About Bespoke Extracts, Inc.

At Bespoke Extracts, we believe in the power of the individual. So, we strive to tailor each CBD experience to make its benefits unique to you and your lifestyle. That means making sure you are confident that everything we deliver to you is safe, effective, and perfect for you. From the very beginning, we have hand-picked our producers to ensure only NSF-certified and USDA-certified organic hemp from some of the finest CBD growers in the United States. It is also why we use the industry standard for extraction to ensure the purest and most potent product on the market. And finally, it’s why we strive to develop a long-term personal relationship with each and every one of our customers—including you—to help them determine their needs and wants and supply the exact right solution for them. For more information, please visit www.bespokeextracts.com.

FORWARD-LOOKING STATEMENT

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from management’s current expectations include those risks and uncertainties relating to our competitive position, the industry environment, potential growth opportunities, and the effects of regulation and events outside of our control, such as natural disasters, wars or health epidemics. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

For more information, please contact:

Bespoke Extracts, Inc.

Phone: 888-575-6738
Email: [email protected]
Web: www.bespokeextracts.com



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Lovesac and Threekit Partner to Help the Planet Through Virtual Shopping and 3D

By adding interactive 3D experiences to products, Threekit and Lovesac aim to reduce ecommerce returns

CHICAGO, Dec. 01, 2020 (GLOBE NEWSWIRE) — Ecommerce product returns last year led to 5 billion pounds of waste and 15 million tons of CO2 emissions. As ecommerce sales increase during COVID-19, this problem is only growing.

To combat this environmental challenge, The Lovesac Company, a direct-to-consumer specialty furniture brand that has reported net sales growth of 30.5% in the first half of its fiscal year, and Threekit, the leading 3D and augmented reality (AR) imaging platform for e-commerce, are partnering to reduce ecommerce product returns while delivering a superior user experience.

Research shows that high-quality product images can reduce ecommerce returns by 30% to 50%. By partnering with Threekit, Lovesac is able to show furniture in 3D online and let shoppers customize and configure products in multiple combinations, in real time. This new experience allows consumers to see exactly what it is they are hoping to buy.

“Lovesac is a company driven by innovation and sustainability,” said Shawn Nelson, CEO of Lovesac. “We saw the opportunity to create a better user experience so that people can create their own Sactional configuration, and because of this enhanced experience, we expect to see fewer returns, which is ultimately better for the environment and for our world. We’re thrilled about working with Threekit to make it happen.”

In a study done with Harris Poll, Threekit found that 66% of online shoppers said that 3D/AR visuals would increase their confidence that they’re buying the right product. Not only do the types of images improve this experience, but having more images does as well. In fact, shoppers today expect as many as eight images per product – up from just three in 2016. Utilizing this insight, the Lovesac configuration experience offers multiple types of images to enhance the consumer’s journey.

“The online shopping experience is changing permanently and for the better,” said Matt Gorniak, CEO of Threekit. “Not only do 3D and AR product visuals enhance the customer experience, but they are also becoming a staple of sustainable businesses. We’re proud to partner with a company that is so forward-thinking and infuses its sustainability mission into every aspect of its business.”

About Threekit


Threekit
 is a world leader in helping companies create and manage product visuals. It enables some of the top brands and retailers to provide amazing visual customer experiences with 3D, Virtual Photographer™️, and now with configurable augmented reality visuals. When buyers can see products represented realistically, they are more engaged, confident, and less likely to return products. The company was founded by Ben Houston, a 17-year Hollywood visual effects software innovator and a dedicated group of experienced computer graphics professionals.

In November 2019, the company raised $20 million in Series A funding from Shasta Ventures, Salesforce Ventures, former San Francisco 49ers Hall of Famer Steve Young, and Marketo co-founder Phil Fernandez. Earlier (in January 2019) it raised $10 million in seed investment, led by serial entrepreneur Godard Abel. Threekit is headquartered in Chicago with a technology innovation center in Ottawa.

For more information, please visit https://www.threekit.com/blog/threekit-and-lovesac-blog.

About Lovesac

Based in Stamford, Connecticut, The Lovesac Company is a direct-to-consumer specialty furniture brand with approximately 90 retail showrooms supporting its ecommerce delivery model. Lovesac’s name comes from its original Durafoam filled beanbags called Sacs. The Company derives a majority of its current sales from its proprietary platform called Sactionals, a washable, changeable, reconfigurable, and FedEx-shippable solution for large upholstered seating. Founder and CEO, Shawn Nelson’s, “Designed for Life” philosophy emphasizes sustainable products that are built to last a lifetime and designed to evolve with the customer’s needs, providing long-term utility and ultimately reducing the amount of furniture discarded into landfills.

Media Contact

Jillian Smith
[email protected]
(330) 794-3008

A video accompanying this release is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/06a47fe4-fe2b-48d9-8bfc-dd4db4ff77ca



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Minuteman Press Franchise Owner Peter Castorena Grows Sales During COVID-19, Sends Giant Thank You Gift to Franchisor Minuteman Press International


Minuteman Press in Lancaster


, California

continues to grow its sales
by adapting their products and services and continuing to serve their clients as an essential business.
High demand products include direct mail, wide format printing
, banners
and signage for social distancing, and custom branded apparel
(shirts and face masks)
.

To show his appreciation for the ongoing
franchise
support provided by

Minuteman Press International

during this critical time, franchisee Peter Castorena had a beautiful, custom 8-foot-tall “Minute Man” made and delivered to Nick Titus
, President of Minuteman Press International
.

LANCASTER, Calif. & FARMINGDALE, N.Y., Dec. 01, 2020 (GLOBE NEWSWIRE) — Peter Castorena owns the Minuteman Press printing franchise in Lancaster, California. Already a member of the President’s Million-Dollar Circle for achieving yearly gross sales of at least $1 million, Peter has continued to grow his sales even during the COVID-19 pandemic. He credits the hard work of his team, the loyalty of his business community, and the support of his franchisor Minuteman International.

Peter says, “There is nothing more that Minuteman Press International could have done to support franchise owners like me during this unprecedented time. We really appreciate the leadership and communication shown by Nick Titus (President) as well as the additional marketing resources and ongoing support we have received when we needed it most.”

Throughout the COVID-19 pandemic, Minuteman Press in Lancaster has remained open as an essential business. According to Peter, high-demand products and services include:

  • Direct mail: “We have received a huge number of requests for direct mail, particularly from schools and hospitals/healthcare. They need to quickly and effectively communicate with their students, patients, and their families. Since they knew we are direct mail providers, they trust us with these critical communications.”
  • Wide format printing and signage: “We have seen a huge uptick in wide format signage, social distancing posters, banners, and floor decals. These were products that businesses needed to keep their customers and employees’ safe, and to help them follow guidelines.”
  • Custom branded apparel: “This actually goes beyond face masks. Some of our clients have asked for branded shirts and uniforms for their teams. They have told me that since people can’t see their faces, they’d like their teams to be outfitted with branded apparel to better promote their respective businesses.”

Peter credits the team at Minuteman Press International for “pushing the envelope” even before the pandemic hit to make sure that all franchisees have the ability to adapt and expand their products and services and quickly meet the needs of their customers. “My needs might be different than another Minuteman Press owner, but we all are looking for ways to easily meet the 2020 needs of our client base. Minuteman Press International reached out to us every day asking us how they can support us during this time and they provided us with real, actionable feedback and answers to our questions. That was huge for us and my fellow Minuteman Press franchisees. We are lucky to have such high demand for our essential services, but with the support we have received from Minuteman International; luck had nothing to do with our ability to rise to the occasion. We have the knowledge. We get the support. We’re getting it done.”

To show his appreciation for his franchisor, Peter had a very unique surprise in store for Nick Titus and the team at Minuteman Press International World Headquarters located all the way across the country in Farmingdale, NY. “Every year, I receive a rebate from our paper vendor that Minuteman Press International negotiates for all of its franchisees. I usually like to take that rebate and re-invest it into my business to make us better. This year, with all the unwavering support we received from everyone at World HQ, I wanted to pay it forward. I decided to send them something special.”

That “something special” was a beautiful, custom 8-foot tall “Minute Man” that Peter had made and delivered to Nick. “When we first received this huge box, I had no idea what to expect. After we opened it up and saw what was inside, I was simply blown away. I called Peter and he explained to me how much our support during COVID-19 meant to him. For us as a team and for me personally, there is nothing more gratifying than helping our franchisees. The fact that he went out of his way to do this for us and send us this incredible piece, it’s really moving and also very cool.”

For years to come, Peter is looking forward to continuing to grow his business in Lancaster. “I’ve learned so much during this time including the fact that the printing industry is adaptable and resilient. Also, I am so fortunate to be part of a franchise family in Minuteman Press International that truly cares about us no matter what the circumstances are.”

As for the giant “Minute Man” that is now proudly displayed in the reception area of Minuteman Press International World Headquarters, Nick says it is a welcome addition to the office and “a great reminder of why we do what we do. We are all in this together and it means the world that Peter showed his appreciation with this beautiful gift.”

For more information on Minuteman Press in Lancaster, CA, visit https://www.scav.minutemanpress.com. For more information on Minuteman Press franchise opportunities and to read Minuteman Press franchise reviews, visit https://minutemanpressfranchise.com.

Contact:

Minuteman Press International
Franchise Opportunities, 1-800-645-3006
https://minutemanpressfranchise.com
or
Media:
Chris Biscuiti, 631-249-1370
[email protected]

Photos accompanying this announcement are available at :
https://www.globenewswire.com/NewsRoom/AttachmentNg/7132d1cc-1d3a-4692-9e85-07d6e82cbcf6
https://www.globenewswire.com/NewsRoom/AttachmentNg/1cf0de5a-db1d-42a9-9500-bd7990e238aa



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Assets in equity ETFs linked to MSCI Indexes surge past $1 trillion

Assets in equity ETFs linked to MSCI Indexes surge past $1 trillion

  • Growth driven by investor demand for transparency into global equity markets
  • MSCI believes continued demand for ESG, climate, factor, thematic and fixed income investment tools will drive further innovation and growth

NEW YORK–(BUSINESS WIRE)–
MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that the assets in equity exchange-traded funds (ETFs) linked to its indexes crossed the $1 trillion mark on November 16, 2020.

Asset growth in equity ETFs linked to MSCI’s indexes has been fuelled by strong investor demand for transparent and liquid products to access global equity markets. More recent growth has been driven by the rising focus on environmental, social and governance (ESG) and climate considerations and the interest in factor index-linked strategies. Today there are over 1,500 equity and fixed income ESG and climate indexes that utilize MSCI ESG Research ratings and data and the demand for standard and custom solutions in this area is growing.

As indexed investing continues to rise, MSCI believes ESG, climate, factors, thematic and fixed income investment will mark the next stage of growth for ETF-linked exposures. There are over $71 billion in ESG and climate equity ETF assets linked to MSCI indexes, with seven of the ten largest equity ESG ETFs in the U.S. all benchmarked to MSCI indexes.1

Henry Fernandez, MSCI’s Chairman and CEO, said: “The investment industry continues a tremendous transformation towards new opportunities including new geographies, new asset classes, new styles and strategies, and more sustainable investing. MSCI is positioned to be the change agent that helps investors stay at the forefront of that transformation and on the efficient frontier of risk and return, as well as the partner of choice for investors around the world who are seeking exposure to the world’s capital markets and need to understand the opportunity set.”

Baer Pettit, MSCI’s President and COO, said: “Over the past 50 years, MSCI has been a leader in providing indexes and other research-driven, technology-enabled tools and solutions for global investors, initially with market-cap indexes across geographies and industries. By focusing on establishing an innovation mindset, we have empowered our teams to explore creative, robust and holistic tools and solutions to help our clients make better informed investment decisions.”

Diana Tidd, MSCI’s Head of Index, added: “This milestone reflects MSCI’s position as a leading provider of index solutions to ETF providers globally. We continue to see fast adoption of our indexes as institutional investors turn to them to help understand the global investable universe, build sustainable, diversified portfolios, and identify long-term financial risks and opportunities.”

About MSCI

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 45 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyse key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.

Notice

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance differ materially and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed with the SEC on February 18, 2020. MSCI does not undertake to update any forward-looking statements.

No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use the information contained herein. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.

1Calculated by MSCI using information from Refinitiv and Bloomberg.

Investor Inquiries

[email protected]

Salli Schwartz. +1 212 804 5306

Media Inquiries

[email protected]

Sam Wang, +1 212 804 5244

Melanie Blanco, +1 212 981 1049

MSCI Global Client Service

EMEA Client Service, + 44 20 7618.2222

Americas Client Service, +1 888 588 4567 (toll free)

Asia Pacific Client Service, + 852 2844 9333

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Finance Consulting Banking Professional Services Other Professional Services

MEDIA:

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Author Guides Readers Through a Journey to a More Joyful Life in New Book

“DARE TO DECLARE: Greeting the Day With Intention” by Maria R. Malec teaches readers how to project positivity onto the people and things that hinder their journey to a joyful life

RIVERVIEW, Fla., Dec. 01, 2020 (GLOBE NEWSWIRE) — Starting the day with intention creates a ripple of goodness that allows one to influence the chaos of life on their terms rather than letting life happen to them.  

“DARE TO DECLARE: Greeting the Day With Intention” by Maria R. Malec is an essential self-development guide to capitalizing on the 24 hours within a day one is granted. By shifting one’s focus from an overly- processed, toxic, easily influenced lifestyle to one of simplicity and focus on the self, “DARE TO DECLARE” spotlights methods to create sustainable wellness. 

Using holistic approaches to physical and mental wellbeing, Malec believes manifesting needs through the power of the spoken word creates a stronger connection between the heart and brain. By creating alignment within the body, one can project positive energy onto the things that are most important to them and the collective atmosphere.  Utilizing Malec’s methods to generating unity within one’s self, readers will find they can navigate life’s obstacles with greater grace and ease. 

“With the proper tools and guidance, we can consistently self-regulate if we truly want to, believe we can, and are willing to do the work in every moment that presents an imbalance,” Malec said. 

“In our current world we are bombarded with so many negatives from media, people when we are out and about and even from our own families in some situations. Maria is bringing us a plan to reset our image and heal our bodies through simple yet effective intentional words and imagery. Changing our thought process to a positive can make a difference in our own lives as well as the lives of people around us, so why not give it a try,” a reviewer wrote about the book. 

The news and social media have normalized a tense, self-loathing style of life. Malec encourages readers to take control of their corner of the world by being mindful of their presence every day. Putting processed coping mechanisms and medicines aside and making room for a holistic approach to a better life will open new doors for readers of all ages. 

“DARE TO DECLARE: Greeting the Day With Intention”

By Maria R. Malec

ISBN: 9781973698203 (softcover); 9781973698210 (electronic)

Available at the WestBow Press Online Bookstore, Amazon, and Barnes & Noble 

About the author

Maria R. Malec, a Ho’Oponopono Practitioner and a facilitator for cognitive rewiring, sensory alignment, and emotional integration, graduated with a bachelor’s degree in sociology from Providence College in Rhode Island. She is a lifestyle consultant, author, and speaker. For the past 2 decades, Maria has worked to help families create sustainable wellness in their lives. Her specialty is helping people implement amazing health-promoting benefits of God-given resources eliminating the dependence on drugs and toxic products. Malec, also a mother of five, currently resides with her family in Tampa Bay, Florida.


###


 

WestBow Press is a strategic supported self-publishing alliance between HarperCollins Christian Publishing and Author Solutions, LLC — the world leader in supported self-publishing. Titles published through WestBow Press are evaluated for sales potential and considered for publication through Thomas Nelson and Zondervan.  For more information, visit www.westbowpress.com or call (866)-928-1240.

Attachment 



Kayla Rutledge
LAVIDGE
480-648-7540
[email protected]

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Camargo client Incannex Healthcare seeks expedited pre-IND meeting, Emergency Use Authorization for anti-inflammatory COVID-19 treatment

PR Newswire

CINCINNATI, Dec. 1, 2020 /PRNewswire/ — Clinical-stage cannabinoid development company Incannex Healthcare Limited (ASX: IHL) has announced its plans to request an expedited pre-IND meeting for its anti-inflammatory IHL-675 and to pursue an FDA Emergency Use Authorization (EUA) for the treatment of patients suffering from COVID-19. Incannex will partner with Camargo Pharmaceutical Services, LLC, regulatory experts in EUAs and other expedited pathways, to explore the fastest pathway for authorization of its product.

Incannex has received positive results from Eurofins (Taiwan) regarding the anti-inflammatory potency and synergistic activity of the fixed-dose combination of hydroxychloroquine and cannabidiol in nonclinical studies. The product is intended to treat patients with sepsis-associated acute respiratory distress syndrome (SAARDS) caused by COVID-19.

Camargo will assist Incannex in developing the nonclinical, clinical, pharmacological and biopharmaceutical strategy to be proposed to FDA. Incannex anticipates it will be granted an expedited pre-IND, in which Camargo will report the nonclinical results and request agreement on the future clinical development plans for an EUA.

“We are thrilled to partner with Incannex in these next steps as it fights the COVID-19 pandemic,” Mary Liz James, Vice President of Global Life Science Solutions, said. “As the number of people affected by the virus continues to grow, we are proud to support sponsors like Incannex who are working hard to identify an effective treatment for patients.”

About Camargo

Camargo is a leading global strategy, regulatory and development partner for emerging to mid-tier biopharma companies. Camargo specializes in complex development programs where no playbook exists, with integrated solutions to reach milestones with speed and capital efficiency. The company has experience in complex development programs and accelerated approval pathways, leveraging core expertise in areas such as the 505(b)(2) pathway, oncology, rare disease, combination products, and digital therapeutics. Founded in 2003, Camargo is proud to support clients in more than 35 countries around the world. For more information, visit camargopharma.com.

About Incannex

Incannex is an innovator and developer of medicinal cannabinoid pharmaceutical products with global export capability. Incannex is currently undertaking significant clinical programs to develop four uniquely formulated products in its relentless pursuit of FDA registration and market exclusivity in obstructive sleep apnea, traumatic brain injury/concussion, SAARDS, and temporomandibular joint disorder. For more information, visit incannex.com.au.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/camargo-client-incannex-healthcare-seeks-expedited-pre-ind-meeting-emergency-use-authorization-for-anti-inflammatory-covid-19-treatment-301182728.html

SOURCE Camargo Pharmaceutical Services

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UPDATE – Else Nutrition Reports Third Quarter 2020 Results

PR Newswire

VANCOUVER, BC, Nov. 30, 2020 /PRNewswire/ – ELSE NUTRITION HOLDINGS INC. (TSXV: BABY) (OTCQX: BABYF) (FSE: 0YF) (“Else” or the “Company”) the plant-based baby, toddler and children nutrition company, today announced results for its third quarter ended September 30, 2020.

The following will summarize our major achievements in the third quarter of 2020, as well as our business. Full financial results can be found in the Company News section of our website at https://elsenutrition.com/pages/investor-relations.  

Q3 2020 Financial Highlights

  • Else has achieved both a quality product and has established production lines in anticipation of significant ramp-up in sales during 2021. 
  • In Q3 the company focused on: preparing the product for an initial soft launch into the U.S. markets via online and in retail channels, growing the brand awareness and obtaining the funding necessary for full-scale commercialization of the product line.
  • The Company completed the first two (2) commercial manufacturing runs of Else Complete Nutrition for Toddlers powder product.
  • The Company launched online sales in North America on www.elsenutrition.com and on Amazon.com.
  • In October, the Company completed a C$25.7 million financing (the financing closed on October).
  • Operating loss was C$2,779 thousand, compared to C$1,056 thousand in the third quarter of 2019.
  • Net loss was C$3,930 thousand, or C$0.05 per share, compared to C$1,058 thousand, or C$0.02 per share in the third quarter of 2019.
  • Cash flow used for operating activities was C$2,965 thousand, compared to C$2,089 thousand in the third quarter of 2019.
  • Cash position was C$5.1 million as of September 30, 2020 (does not reflect the October financing for C$25.7 million).

Nine Months Financial Highlights

The company started its operation in June 2019 so there are no comparable figures from 2019.

  • Operating loss was C$5,578 thousand.
  • Net loss was C$10,076 thousand, or C$0.13 per share.
  • Cash flow used for operating activities in the first nine months of 2020 was C$5,612 thousand.

Hamutal Yitzhak, Else CEO, commented: “I am very proud of our achievements this quarter. Although COVID-19 caused a slowdown on many fronts, we succeeded to complete two commercial manufacturing runs, package our product, launch our marketing campaign and start selling our revolutionary Plant-Based Complete Nutrition for Toddlers product in North America on our e-store and on Amazon.com. We also made significant progress on many other fronts, including the hiring of several retail brokers, listing on several natural food retail chains, onboarding to KeHE distributors, product development, clinical research, and more. By the end of the quarter we also completed our third and largest funding round (C$25.7 million), securing funds for operations for the next 18 months. We are very happy with the growth rate of our online sales since we launched, and with the progress we are making in the retail channel.”

Impact of COVID-19

We experience the effect of the pandemic in all areas of our business, from delays in raw material deliveries, to clinical and product development projects. Due to lockdowns and other COVID-19 related measures all our business meeting, marketing events, conferences and expos were either canceled or turned virtual, slowing down the pace of our business development efforts.

Revenue Distribution for Q3 2020

The Baby Snacks business line in Israel represented 44%, Baby Bottles and Accessories business line in Israel represented 26% and the Else Formula business represented 30% of total revenues.

As we started selling our Else Complete Nutrition For Toddler products (singles and 4-packs of 22oz cans of powder) online on our e-store (www.elsenutrition.com) on August 12, our revenue from this channel represent the first few weeks of sales only, and amounted to C$109 thousand.

We started selling the same products also on Amazon.com on September 20, and during these few days we completed well over 100 first sales which amounted to $C5 thousand.
Sells to retail stores did not commence in Q3, so no revenue was recorded yet from this channel.

Revenue Distribution for Nine Months 2020

The Baby Snacks business line in Israel represented 44%, Baby Bottles and Accessories business line in Israel represented 43% and the Else Formula business represented 13% of total revenues.

About Else Nutrition Holdings Inc.

Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula. Else Nutrition (formerly INDI) won the “2017 Best Health and Diet Solutions” award at the Global Food Innovation Summit in Milan. The holding company, Else Nutrition Holdings Inc., is a publicly traded company, listed as TSX Venture Exchange under the trading symbol BABY and is quoted on the US OTC Markets QX board under the trading symbol BABYF and on the Frankfurt Exchange under the symbol 0YL. Else’s Executives includes leaders hailing from leading infant nutrition companies. Many of Else advisory board  members had past executive roles in companies such as Mead Johnson, Abbott Nutrition, Plum Organics and leading infant nutrition Societies,  and some of them currently serve in different roles in leading medical centers and academic institutes such as Boston Children’s Hospital, Pediatrics at Harvard Medical School, USA, Tel Aviv University, Schneider Children’s Medical Center of Israel, Rambam Medical Center and Technion, Israel and University Hospital Brussels, Belgium.

For more information, visit: elsenutrition.com or @elsenutrition on Facebook and Instagram.


TSX Venture Exchange

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


Caution Regarding Forward-Looking Statements

This press release contains statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as “will” or similar expressions. Forward-looking statements in this press release include statements with respect to the anticipated dates for filing the Company’s financial disclosure documents.  Such forward-looking statements reflect current estimates, beliefs and assumptions, which are based on management’s perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. No assurance can be given that the foregoing will prove to be correct. Forward-looking statements made in this press release assume, among others, the expectation that there will be no interruptions or supply chain failures as a result of COVID 19 and that the manufacturing, broker and supply logistic agreement with the Company do not terminate.  Actual results may differ from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements.  Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management’s expectations only as of the date of this press release. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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SOURCE Else Nutrition Holdings Inc.

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US Eagle and NM Gas Co. Partner to Pay Overdue Bills

85 New Mexicans have something more to be thankful for this year

NEW MEXICO, Dec. 01, 2020 (GLOBE NEWSWIRE) — 85 New Mexicans will be warmer this Thanksgiving. US Eagle Federal Credit Union partnered with New Mexico Gas Co. to help 85 families across the state affected by the COVID-19 pandemic with their utility bills. 

“When I first heard (on a call) this is the gas company, my heart kind of just sunk, and I’m like, ‘oh gosh, I’ve got to plead my story,’ but then she said, ‘No, I’m calling with good news,’” said Amalia Torrez of Albuquerque, who received $100 to pay a late gas bill. “I need some good news. I’m not a member of that credit union, but I sure would like to be. I’ve always banked with credit unions. Always. I love credit unions.” 

On Dec. 5, US Eagle celebrates 85 years of service to New Mexicans and to celebrate the credit union mission of People Helping People, teamed with NM Gas Co., selecting 85 households from Albuquerque, Bernalillo, Farmington, and Santa Fe who were behind on their bills. Each household received $100 toward each of their New Mexico Gas Co. accounts. 

“We’re thankful that US Eagle Federal Credit Union has graciously rewarded some of our customers by paying their natural gas bills. I know it means a lot to our customers, many of whom are struggling as a result of the pandemic. If other customers are in need of financial assistance with their natural gas bills, we ask that they please contact us,” said New Mexico Gas Company President Ryan Shell. 

“It was important that we found a meaningful way to give, collaborate, and celebrate generosity for not only our 85th Anniversary but GivingTuesday,” said US Eagle President/CEO Marsha Majors. “The pandemic has impacted many local businesses and individuals, causing many to fall behind on their monthly expenses. Having to choose which basic need to fulfill first should never be a decision anyone has to make.” 

“It was like the perfect timing ’cause I was stressing over, ‘Oh, my God, how am I gonna pay the whole bill?’” said Yvette Sedillo of Albuquerque, who also received help. “It was like perfect timing.” 

In 2021 US Eagle’s new US Eagle Foundation will seek to help more community development programs that share the same People Helping People mission. 

US Eagle Federal Credit Union is New Mexico’s longest-standing, member-owned credit union. Founded in 1935, US Eagle has been recognized by Forbes as one of the state’s best credit unions, offering a full suite of financial products and services. With nine locations in Albuquerque, Bernalillo, Farmington, and Santa Fe, nearly 80,000 members, and assets of more than one billion dollars, US Eagle is where people mean more.                                                                                                                                                                    



Nadine Buerger
U.S. Eagle Federal Credit Union 
505-227-5116
[email protected]

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PBF Energy to Participate in the Cowen 2020 Energy Conference

PR Newswire

PARSIPPANY, N.J., Dec. 1, 2020 /PRNewswire/ — PBF Energy Inc. (NYSE:PBF) announced today that the company’s management will be participating in the Cowen 2020 Energy Conference on December 3, 2020.

Any company presentation materials will be made available on the Investor Relations section of the PBF Energy website at www.pbfenergy.com.

About PBF Energy Inc.
PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors.

PBF Energy Inc. also currently indirectly owns the general partner and approximately 48% of the limited partnership interest of PBF Logistics LP (NYSE: PBFX).

 

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SOURCE PBF Energy Inc.