First Reserve Announces Commencement of the Tender Offer for All Outstanding Shares of The Goldfield Corporation

PR Newswire

STAMFORD, Conn. and HOUSTON, Dec. 1, 2020 /PRNewswire/ — First Reserve Fund XIV, L.P. (“First Reserve”) announced today that its affiliate, FR Utility Services Merger Sub, Inc. (“Purchaser”), has commenced the previously announced cash tender offer for all of the issued and outstanding shares of common stock of The Goldfield Corporation (NYSE American: GV) (“Goldfield”) at a price of $7.00 per share, net to the seller in cash without interest and less applicable withholding taxes. The tender offer is being made pursuant to the merger agreement (the “Merger Agreement”) announced by First Reserve and Goldfield on November 24, 2020, under which Purchaser will acquire Goldfield in a transaction valued at approximately $194 million. Purchaser and its parent company, FR Utility Services, Inc. (“Parent”), are wholly owned subsidiaries of First Reserve.

The $7.00 per share all-cash tender offer represents a premium of approximately 57 percent to the 30-day volume-weighted average price of $4.46 as of November 23, 2020, as well as a premium of approximately 64 percent over Goldfield’s closing share price on November 23, 2020, the last trading day before announcement of the Merger Agreement, and is being made pursuant to an Offer to Purchase, dated December 1, 2020.

A tender offer statement on Schedule TO that includes the Offer to Purchase and related Letter of Transmittal that set forth the terms and conditions of the tender offer will be filed today with the U.S. Securities and Exchange Commission (the “SEC”) by Purchaser. Additionally, Goldfield will file a solicitation/recommendation statement on Schedule 14D-9 that includes the recommendation of Goldfield’s board of directors that Goldfield stockholders tender their shares in the tender offer.

The tender offer will expire on December 29, 2020, at 11:59 P.M., New York City time, unless the tender offer is extended in accordance with the terms of the Merger Agreement and the applicable rules and regulations of the SEC. The completion of the tender offer is conditioned upon, among other things, Goldfield’s stockholders tendering at least a majority of Goldfield’s outstanding shares, expiration or termination of any waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 and other customary closing conditions.

If, as a result of the tender offer, the Purchaser holds shares that represent at least one share more than 50% of all the issued and outstanding shares of Goldfield’s common stock, and subject to the satisfaction or waiver of the remaining conditions set forth in the Merger Agreement, the Purchaser will, as soon as is practicable, merge with and into Goldfield, with Goldfield continuing as the surviving corporation and as a wholly owned subsidiary of Parent, under Section 251(h) of the Delaware General Corporation Law, without prior notice to, or any action by, any other stockholder of Goldfield. Upon completion of the transaction Goldfield will cease to be a publicly traded company.

Innisfree M&A Incorporated is acting as information agent for Parent in the tender offer. American Stock Transfer & Trust Company, LLC is acting as depositary and paying agent in the tender offer. Requests for documents and questions regarding the tender offer may be directed to Innisfree M&A Incorporated by telephone at (877) 717-3930 or banks and brokers may call (212) 750-5833.

About First Reserve

First Reserve is a leading global private equity investment firm exclusively focused on energy, including related industrial markets. With over 35 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised more than $32 billion of aggregate capital since inception. First Reserve has completed approximately 700 transactions (including platform investments and add-on acquisitions), creating several notable energy companies throughout the Firm’s history. Its portfolio companies have operated on six continents, spanning the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services, and associated infrastructure. Please visit www.firstreserve.com for further information.


Forward-Looking Statements

Any forward-looking statements, including, but not limited to, statements regarding the proposed transaction between First Reserve and Goldfield, the expected timetable for completing the transaction, strategic and other potential benefits of the transaction, and other statements about First Reserve or Goldfield managements’ future expectations, beliefs, goals, plans or prospects, are subject to risks and uncertainties such as those described in Goldfield’s periodic reports on file with the SEC. These statements speak only as of the date of this press release and are based on First Reserve’s and Goldfield’s current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions; and changes in facts and circumstances and other uncertainties concerning the proposed transaction. Further information about these matters can be found in Goldfield’s SEC filings. First Reserve and Goldfield caution investors not to place considerable reliance on the forward-looking statements contained in this press release. Except as required by applicable law or regulation, First Reserve and Goldfield do not undertake any obligation to update or revise any of their forward-looking statements to reflect future events or circumstances.


Important additional information will be filed with the SEC

This press release is neither an offer to purchase nor a solicitation of an offer to sell securities, nor is it a substitute for the tender offer materials that Purchaser will file with the SEC upon commencement of the tender offer. This communication is for informational purposes only. The tender offer transaction commenced by affiliates of First Reserve is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related Letter of Transmittal and other offer materials) to be filed by such affiliates of First Reserve with the SEC. In addition, Goldfield will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC related to the tender offer. Prior to making any decision regarding the tender offer, Goldfield stockholders are strongly advised to read the Schedule TO (including the Offer to Purchase, a related Letter of Transmittal and other offer materials) and the related Solicitation/Recommendation Statement on Schedule 14D-9, AS THEY MAY BE AMENDED FROM TIME TO TIME, when they become available. Goldfield stockholders will be able to obtain the Schedule TO (including the Offer to Purchase, a related Letter of Transmittal and other offer materials) and the related Solicitation/Recommendation Statement on Schedule 14D-9 at no charge on the SEC’s website at www.sec.gov. In addition, the Schedule TO (including the Offer to Purchase, a related Letter of Transmittal and other offer materials) and the related Solicitation/Recommendation Statement on Schedule 14D-9 may be obtained free of charge from Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, New York 10022, Telephone Number (877) 717-3930 or banks and brokers may call (212) 750-5833, the information agent for the tender offer.

Media Contact:

First Reserve
Media:

Jonathan Keehner / Julie Oakes
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
[email protected]

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SOURCE First Reserve

Jacobs Awarded Pulau Indah Power Plant in Malaysia

PR Newswire

DALLAS, Dec. 1, 2020 /PRNewswire/ — Jacobs (NYSE:J) was appointed by Pulau Indah Power Plant Sdn Bhd (PIPP) to deliver owner’s engineer services for the development of a 1,200 megawatt (MW) Combined Cycle Power Plant (CCPP) situated on Pulau Indah in Klang, Malaysia.

The award follows a recent announcement confirming Jacobs as the owner’s engineer for a 100 megawatt alternative current solar plant in Pekan, Malaysia. The two projects put Jacobs and its clients at the forefront of new generation capacity in South-East Asia as the region moves towards a low-carbon future.

“This project is another opportunity for Jacobs to support Malaysia’s major power development projects and their continued focus on low-carbon and renewable energy,” said Jacobs People & Places Solutions Executive Vice President Patrick Hill. “Gas generation is more efficient and produces less emissions than other fossil fuels and is an interim step in our energy transition towards a zero-carbon future. Gas can replace aging baseload generation with a lower carbon supply until emerging technologies capable of delivering clean, reliable baseload power, such as hydrogen, become feasible.”

The project will deliver a 1,200 MW combined cycle gas turbine plant to improve baseload supply for the region. When complete, it will provide high efficiency, low carbon power to the central region of peninsular Malaysia, including in Klang, Kuala Langat and Sepang districts where there is high demand for electricity. The new plant is expected to help attract new industrial development investments, stimulate economic activity and create new employment opportunities in the region.

As owner’s engineer, Jacobs will provide technical advisory services through to financial close, design review, construction monitoring, project management, attendance at factory testing and warranty support. Commercial operation is currently slated for January 2024. Tenaga Nasional Berhad (TNB) will purchase the power generated from the new power plant through a Power Purchase Agreement (PPA).

“The power plant will use HA turbine technology, the world’s most innovative turbine with advanced materials, cooling, aerodynamics, combustion and digital capability,” said PIPP Managing Director Datuk Seri Gan Seong Liam. “It is a clean energy alternative, that emits lower levels of emissions and produces less greenhouse gases. We look forward to the successful completion of this ground-breaking project leveraging off Jacobs power experience in Malaysia and across the South East Asia region.”

PIPP is a consortium of three companies: Maxim Global Berhad (formerly known as Tadmax Resources Berhad), Worldwide Holdings Berhad and Korea Electric Power Corporation.

At Jacobs, we’re challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $14 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, InstagramLinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company’s business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the discussions contained under Item 1 – Business; Item 1A – Risk Factors; Item 3 – Legal Proceedings; and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations, as well as the company’s other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
Kerrie Sparks
214.583.8433

 

 

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Mogo Reports 135% Increase in Bitcoin Transaction Volume in November

Mogo Reports 135% Increase in Bitcoin Transaction Volume in November

Increased awareness and credibility of bitcoin drives strong growth in total transaction volume and new bitcoin accounts

All figures in Canadian $

VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo” or the “Company”), a financial technology company focused on empowering consumers with innovative digital financial solutions through its mobile app, today reported a 135% month-over-month increase in the dollar value of bitcoin traded on the Mogo platform from October 2020 to November 2020. This follows on the Company’s previous announcement that Mogo bitcoin accounts increased 237% year over year in Q3 2020.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201201005680/en/

MogoCrypto, launched in 2018, is the easiest way to buy and sell bitcoin in Canada. (Photo: Business Wire)

MogoCrypto, launched in 2018, is the easiest way to buy and sell bitcoin in Canada. (Photo: Business Wire)

“The strong performance of bitcoin and its growing credibility as an asset class have fuelled rapid growth in transaction volume and new bitcoin accounts on the Mogo platform,” said David Feller, Mogo’s Founder and CEO. “Although bitcoin has now been around for just over 10 years, it’s still early days for this new asset class as most Canadians have yet to own it. The introduction of bitcoin trading by leading digital players in the U.S., combined with the overall rise of digital currencies, has significantly increased the interest in bitcoin among Canadian consumers.”

Greg Feller, President and CFO of Mogo, added: “As one of the pioneers in Canada and the only well-established publicly traded Canadian company offering a simple and low-cost way to buy and sell bitcoin, we are in a unique position to meet this rising demand through our award winning app that offers a number of innovative products to help Canadians manage their financial lives.”

MogoCrypto1, launched in 2018, is the easiest way to buy and sell bitcoin in Canada. It enables members to buy and sell bitcoin at real-time prices instantly through the Mogo app, 24/7 from their mobile device, bringing a new level of convenience and accessibility to bitcoin ownership for all Canadians. Users can sign up for free and in three minutes open an account, have the account funded in as little as 30 minutes with no funding fee, and begin buying and selling bitcoin. As part of the Company’s current promotion, new Mogo members get $5 just for opening their account. MogoCrypto is available through the free Mogo app, on iOS or Android or at mogo.ca. Mogo was recently named “Best Cryptocurrency App” by savvynewcanadians.com and featured by Apple as “one of the apps we love”.

1To be eligible for MogoCrypto, members must first pass Mogo’s identity and security verification process and agree to the MogoCrypto Terms and Conditions. For more information, see MogoCrypto Terms and Conditions: https://www.mogo.ca/pdfs/MogoCryptoTermsAndConditions.pdf

Forward-Looking Statements

This news release may contain “forward-looking statements” within the meaning of applicable securities legislation, including statements regarding the growth of Mogo’s revenue as a result of increased bitcoin transaction volume. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo’s growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, many of which are outside of Mogo’s control. For a description of the risks associated with Mogo’s business please refer to the “Risk Factors” section of Mogo’s current annual information form, which is available at www.sedar.com and www.sec.gov. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

About Mogo

Mogo — a financial technology company — offers a finance app that empowers consumers with simple solutions to help them get in control of their financial health and be more mindful of the impact they have on society and the planet. Users can sign up for a free account in only three minutes, begin to learn the 4 habits of financial health and get convenient access to products that can help them achieve their financial goals and have a positive impact on the planet including a digital spending account with Mogo Visa* Platinum Prepaid Card featuring automatic carbon offsetting, free monthly credit score monitoring, ID fraud protection and personal loans. Members can also easily buy and sell bitcoin 24/7 through the Mogo app, as well as participate in Mogo’s new bitcoin rewards program. The Mogo platform has been purpose-built to deliver a best-in-class digital experience, with best-in-class products, all through one account. With more than one million members and a marketing partnership with Canada’s largest news media company, Mogo continues to execute on its vision to gamify financial health and become the go-to financial app for the next generation of Canadians. To learn more, please visit mogo.ca or download the mobile app (iOS or Android).

Craig Armitage

Investor Relations

[email protected]

(416) 347-8954

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Technology Mobile/Wireless Finance Security Banking Other Technology Professional Services Software Data Management

MEDIA:

Photo
Photo
MogoCrypto, launched in 2018, is the easiest way to buy and sell bitcoin in Canada. (Photo: Business Wire)

The Howard Hughes Corporation® Announces New Executive Leadership Team To Fulfill Company’s Vision For Growth Across Portfolio

Interim CEO David R. O’Reilly Appointed Chief Executive Officer; Industry Veteran L. Jay Cross to join HHC as President

PR Newswire

HOUSTON, Dec. 1, 2020 /PRNewswire/ — The Howard Hughes Corporation® (NYSE: HHC) announced today the appointment of a new executive leadership team that will lead the continued growth of the company’s acclaimed national portfolio of master planned communities (MPCs) and small cities. The company’s Interim CEO, David R. O’Reilly, has been named Chief Executive Officer, and L. Jay Cross, the former President of Related Hudson Yards, has joined the company as its new President. Both appointments are effective immediately.

Mr. O’Reilly has most recently served as the company’s Interim CEO; President and Chief Financial Officer. Promoted to President in June of this year, he joined The Howard Hughes Corporation in 2016 as the CFO, and will continue in that role while a search is conducted for a permanent successor.

“For more than four years, the Board has had the opportunity to work closely alongside David O’Reilly,” said Bill Ackman, Chairman of HHC. “Watching him execute on the company’s strategic plan and pivot quickly to adjust to changed market conditions furthered our confidence in him as our new leader. David is highly respected by our employees, customers, and shareholders. That made it an easy decision for the Board to select him as our CEO. When Jay approached the company about his interest in joining HHC, we knew that his partnership with David would create a superb team to lead Howard Hughes into the future.”

As the architect and leader of the company’s 2019 Transformation Plan, Mr. O’Reilly realized meaningful reductions in overhead, executed on the sale of non-core assets, and refocused the company on its highly profitable MPCs. He also successfully completed an equity raise and bond offering, further diversifying HHC’s funding sources and increasing its liquidity to enable the company to pursue value-creating opportunities in a challenging environment.

“It is an exciting time for me to become the CEO of The Howard Hughes Corporation,” said Mr. O’Reilly. “Our acclaimed master planned communities are well positioned to realize significant growth from both new residents and corporations seeking walkable communities in natural settings with expansive open green space and sought-after urban amenities. Our MPCs offer the highest-quality live/work/play lifestyle that people and companies desire today. I look forward to partnering with Jay as we continue to drive the success of the extraordinary communities in our portfolio and tenaciously pursue every opportunity to unlock the value inherent in our assets.”

The appointment of L. Jay Cross as the new President of The Howard Hughes Corporation bolsters the company’s executive leadership team with an industry veteran who brings a proven track record of delivering large-scale, mixed-use projects that are proven catalysts for urban transformation and community development.

With decades of experience in the real estate industry and with professional sports franchises, Mr. Cross joins The Howard Hughes Corporation following his role as President of Related Hudson Yards. In that role, he led the ultimate development of the $20 billion, 28-acre megaproject that has redefined the west side of Manhattan—including the development of 11 million square feet of mixed-use commercial, residential, retail, and entertainment space, along with seven acres of open public space featuring the acclaimed Heatherwick-designed Vessel. Previously, Mr. Cross served as President of the New York Jets and was the driving force behind the development of the $1.3 billion MetLife Stadium, the team’s joint venture with the New York Giants.

“We are extremely fortunate that Jay is joining The Howard Hughes Corporation as its new President,” said Mr. Ackman. “Jay’s extraordinary development career is perfectly matched with HHC’s vision to accelerate strategic development in its master planned communities, and build the cities of tomorrow. Jay is a fantastic addition to our executive leadership team. With David and Jay at the helm, we are ideally positioned to fulfill our vision for HHC’s growth.”

Prior to his work in the New York region, Mr. Cross served as President of Business Operations for the NBA’s Miami Heat and was responsible for the development of the America Airlines Arena. This $213 million waterfront project included the creation of a public-private partnership between the team and Miami-Dade County, as well as a pioneering development program for urban amenities surrounding the arena, driving the revitalization of downtown Miami. Previously, he oversaw the development of Toronto’s$265 million Air Canada Centre through a complex rezoning process. The innovative dual-sport complex is home to the NBA’s Toronto Raptors and the NHL’s Toronto Maple Leafs, and is located on one of the finest arena sites in North America, in the heart of Toronto’s downtown.

“I look forward to joining David in leading The Howard Hughes Corporation and pursuing the unique opportunities that come with developing some of our country’s most-acclaimed master planned communities and mixed-use small cities,” said Mr. Cross. “HHC is a one-of-a-kind real estate company, and we will work to drive the sustainable growth of our exceptional assets and create thriving walkable urban centers that will define our communities for decades to come.”

Investor Presentation Call Information

The company will hold an investor conference call and presentation today, Tuesday, December 1 at 10:00 a.m. Eastern Time.

  • To access the live presentation, use this weblink.
  • To participate in the live Q&A, dial 1-877-879-1183 within the U.S., 1-866-605-3850 within Canada, or 1-412-902-6703 when dialing internationally.
  • All participants should dial in at least five minutes prior to the scheduled start time using 7133978 as the passcode.

The presentation will be available on the Investors section of the company’s website following the conference call.

About The Howard Hughes Corporation®
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned cities and communities, as well as operating properties and development opportunities including the Seaport District in New York; Columbia, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; and Ward Village® in Honolulu, Hawaiʻi. The Howard Hughes Corporation’s portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC. For additional information visit www.howardhughes.com.

Safe Harbor Statement

Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release.

The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

Contacts:

For Media
The Howard Hughes Corporation
Cristina Carlson, 646-822-6910
Vice President, Corporate Communications & Public Relations
[email protected]

For HHC Investor Relations

David M. Striph, 972-232-2672
Executive Vice President, Head of Operations & Investor Relations
[email protected]

 

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SOURCE The Howard Hughes Corporation

ISW Holdings Announces Share Cancellation, Debt Reduction, Anti-Dilution Template Ahead of Proceso Crypto Mining Launch

LAS VEGAS, NV, Dec. 01, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to announce that the Company is negotiating with noteholders toward the establishment of a new agreement that will form the foundation for its emerging anti-dilution policy designed to protect the value of its common stock and return more of that value to its shareholders.

The current negotiation contemplates an agreement whereby noteholders will exchange their notes for preferred restricted shares, reducing debt on the balance sheet and protecting shareholders against dilution. While this arrangement is not yet currently in place, the Company is making active strides toward establishing it in principle as a template for future funding rounds going forward.

In addition, to augment this step, the Company has already begun to cancel out restricted shares in a process that it believes will lead to more than 8 million shares (nearly 25% of the Company’s outstanding shares) being returned back to treasury.

“We are moving toward the commercial launch of our Cryptocurrency segment, which was established this summer through our partnership with Bit5ive, LLC,” noted Alonzo Pierce, President and Chairman of ISW Holdings. “We also continue to see very strong tangible growth in our Home and Telehealth Healthcare segment, where we just posted strong top and bottom-line data for Q3 and where we are already on pace to post new record numbers to close out the year. As these efforts get off the ground, we want to take steps now to ensure that the value we are creating confers to our common shareholders. In short, we are determined to keep the share structure attractive to investors while bringing in solid and growing revenues.”

About ISW Holdings

ISW Holdings, Inc. (ISWH), based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. Our expertise lies in strategic brand development, early growth facilitation, as well as brand identity through our proprietary procurement process. Together, with our partners, we seek to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. We are able to meet these needs through a variety of strategic innovative processes. ISWH is creating and managing brands across a spectrum of disruptive industries. It maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration, and distribution efficiency. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and the partnership has a vitally needed patent now pending.

Forward Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including “could”, “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential” and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company’s reports filed from time to time with OTC Markets (www.otcmarkets.com).

For more information, visit www.iswholdings.com

Company Contact:

Investor Relations

[email protected]



OptimizeRx Launches AI-Powered Real-World Evidence Solution on Its Point-of-Care Platform

For the First Time, Real-World Data is Used to Deliver Real-Time Care Support Information at the Point-Of-Care

ROCHESTER, Mich., Dec. 01, 2020 (GLOBE NEWSWIRE) — OptimizeRx Corp. (Nasdaq: OPRX), a leading provider of digital health solutions for life science companies, physicians and patients, has introduced a transformative enhancement to its digital health and communications platform.

The new enhancement involves the application of advanced analytics, using machine-learning methods applied to real-world data (RWD), resulting in the accurate delivery of therapeutic support and brand messages to clinicians at critical points in a patient’s care journey.

This use of patient and scenario modeling that optimizes and automates information delivery at the point-of-care is unprecedented in the industry.

The solution creates new opportunities for life science organizations to better support providers as they look to make the best treatment decisions for their patients, especially for those with complex dosing requirements or chronic disease indications. The innovation also enables more messages to be delivered to more physicians whose actions were not previously visible on the platform.

“Everyone is trying to solve the problem of siloed health data,” noted Steve Silvestro, chief commercial officer at OptimizeRx. “Lack of communication between healthcare systems has created a big problem for patients and providers, since often they don’t have all the information they need at crucial moments during the delivery of care. Democratizing data in this way gives life science organizations the ability to communicate directly with providers using an automated, compliant, and data-driven method, and one that is based on care milestones and a patient’s treatment history.”

A recent analysis by the Partnership for Health IT Patient Safety reveals how patient outcomes can be impacted by delays and breakdowns in communication during the care delivery process. This is especially evident in specialty and oncology medicine, where OptimizeRx’s RWD evidence-driven approach can help healthcare providers unlock valuable insights for their patients. It can speed time-to-diagnoses and care referrals, as well as prevent delays in treatment and reduce cost in the system, and ultimately allow patients to have a better overall experience with improved outcomes.

“The entire healthcare system is focused on data interoperability in order to deliver the most effective care,” said Miriam Paramore, OptimizeRx president. “Data alone doesn’t help, but actionable information does. Given our platform’s access to real-world-data, such as diagnoses, lab results, and procedure details, we can apply our ‘secret sauce’ of AI and machine learning so that the data becomes useful information. We can then deliver this information at the right time, to the right person, and right within their daily e-prescribing workflow. This represents a true breakthrough in our efforts to improve the overall healthcare system for patients and providers alike.”  

About OptimizeRx

OptimizeRx is a digital health company that provides communications solutions for life science companies, physicians and patients. Connecting over half of healthcare providers in the US and millions of patients through a proprietary network, the OptimizeRx digital health platform helps patients afford and stay on medications. The platform unlocks new patient and physician touchpoints for life science companies along the patient journey, from point-of-care, to retail pharmacy, through mobile patient engagement.

For more information, follow the company on TwitterLinkedIn or visit www.optimizerx.com

Important Cautions Regarding Forward Looking Statements

This press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended, and such as in section 21E of the Securities Act of 1934, as amended. These forward-looking statements should not be used to make an investment decision. The words ‘estimate,’ ‘possible’ and ‘seeking’ and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition, and other material risks.

Company Contact

Doug Baker, CFO
Tel (248) 651-6568 x807
[email protected]

Media Contact

Maira Alejandra, Media Relations Manager
Tel (754) 245-7070
[email protected]

Investor Relations Contact

Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7557
[email protected]



Corby Spirit and Wine Donates $100,000 to Support the Canadian Bartending Community This Holiday Season

Canada NewsWire

The donation is part of several initiatives Corby Spirit and Wine is undertaking during the holiday period to help service industry professionals during what is normally the busiest time of year

TORONTO, Dec. 1, 2020 /CNW/ – Corby Spirit and Wine today announced a $100,000 donation to the Bartenders Benevolent Fund in support of service industry professionals impacted by COVID-19 restrictions this holiday season. As the largest corporate donor to the Bartenders Benevolent Fund, the contribution is part of a wider commitment to the service industry made by the Canadian hospitality industry leader, and its partner Pernod Ricard USA across North America.  

Since March, more than 800,000 bartenders, servers, hosts and kitchen staff in Canada have experienced financial hardship from loss of employment, a decrease or complete loss of wages, and temporary lay-offs. To help Canadians get through this period, Corby Spirit and Wine has already undertaken several initiatives in support of affected groups and to protect those on the front lines working to control the spread of the virus. This latest donation acknowledges the continuing responsibility of the wine and spirits industry to help bartenders and others in the industry affected by the pandemic.  

“While we prioritize responsible drinking for the holiday season, this year we are expanding our definition of ‘responsibility’ to include our duty to support the professionals who need it most. Hospitality and foodservice workers from across Canada are the lifeblood of our industry, and as a spirits and wine leader, it’s our duty to support the communities that are most important to us,” said Nicolas Krantz, President, Chief Executive Officer of Corby Spirit and Wine. “That’s why we’re proud to be making today’s donation, and to embark on several further initiatives designed to support those in need during what is traditionally the highlight of the hospitality calendar.”

The donation to the Bartenders Benevolent Fund will be allocated via the non-profit’s COVID-19 Support Fund to hospitality industry professionals facing financial crisis due to the pandemic. Allocated based on need, the fund is open to workers from across Canada and is anticipated to benefit a minimum of 400 bartenders.

“Our community of Canadian bartenders and hospitality workers, many of whom are already struggling with long-term loss of income, are facing a daunting holiday season” said Kelsey Ramage, Toronto-based hospitality industry manager and bartender. “This donation and Corby’s continued support are a welcome boost to us at a critical time.”  

Corby Spirit and Wine is also working with prominent bartenders from across Canada to create a coffee table book of more than 100 cocktail recipes and stories from Canadian bars and restaurants. All proceeds from the sales of A Toast from Coast to Coast will also go to the Bartenders Benevolent Fund & Canadian Professional Bartenders Association.

In addition, this December, Corby Spirit and Wine will take part in a further range of digital activations across the country, part of its wider efforts to support and give back to the service industry at this time of year.  

The organization encourages consumers to remember their bartenders this holiday season and consider making their own contributions.

About Corby Spirit and Wine

Corby Spirit and Wine Limited is a leading Canadian manufacturer, marketer and distributor of spirits and wines. Corby’s portfolio of owned-brands includes some of the most renowned brands in Canada, including J.P. Wiser’s®, Lot 40®, and Pike Creek® Canadian whiskies, Lamb’s® rum, Polar Ice® vodka, McGuinness® liqueurs, Ungava® gin, Cabot Trail® maple-based liqueurs and Chic Choc® Spiced rum, and Foreign Affair® wines. Through its affiliation with Pernod Ricard S.A., a global leader in the spirits and wine industry, Corby also represents leading international brands such as ABSOLUT® vodka, Chivas Regal®, The Glenlivet® and Ballantine’s® Scotch whiskies, Jameson® Irish whiskey, Beefeater® gin, Malibu® rum, Kahlúa® liqueur, Mumm® champagne, and Jacob’s Creek®, Wyndham Estate®, Stoneleigh®, Campo Viejo®, and Kenwood® wines. Corby is a publicly traded company based in Toronto, Ontario, and listed on the Toronto Stock Exchange under the trading symbols CSW.A and CSW.B. For further information, please visit our website or follow us on LinkedInInstagram, or Twitter

About the Bartenders Benevolent Fund

Created in 2013, the Bartenders Benevolent Fund is a nationally registered non-profit and financial resource for hospitality professionals in Canada. We are a volunteer based organization which provides support and resources to hospitality professionals across the country. We provide funding for those who have fallen under serious financial hardship, and programming to elevate our industry and those within it. For more information, please visit bartendersbenevolentfund.ca.

SOURCE Corby Spirit and Wine Communications

Genius Sports Group partners with Scientific Games to provide in-game content

PR Newswire

NEW YORK, Dec. 1, 2020 /PRNewswire/ — Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games”) is partnering with Genius Sports Group, a leading provider of sportsbook management solutions, to provide in-game content to its wagering customers worldwide, excluding U.S. leagues.

Sportsbooks operating on Scientific Games’ OpenSportsTM platform will gain access to Genius Sports Group’ LiveData and LiveTrading services, trusted by over 150 of the world’s largest wagering brands and fully customizable for every customer. Genius Sports Group and its sports betting division, Betgenius, created the market for official data across all tiers of sports and today offer partners access to official data for over 170,000 events each year.

Genius Sports Group’s entire portfolio of official data rights is included in the agreement, featuring content such as the English Premier League, NASCAR, Serie A and German Bundesliga, as well as dozens of FIBA basketball and FIVB volleyball leagues.

The OpenSports platform provides customers with new, enriching experiences within sports betting. Scientific Games has the world’s most reliable and versatile sports betting technology, with the ability to create new, bespoke services for partners. With a portfolio including some of the leading names worldwide in sports betting and gaming including Hard Rock, Wynn Resorts, Flutter Entertainment and many more, Scientific Games provides a world-class sports betting experience for players.

Jack Davison, Chief Commercial Officer at Genius Sports Group said: “This partnership will ensure Scientific Games’ partners get all the benefits of the world’s finest sports content – from maximum market up-time to increased margins – delivered in a way which is tailored to their own specific trading strategy. No matter where in the world you are operating, these are vital components of success in today’s sports betting industry.”

Keith O’Loughlin, SVP Sportsbook, Digital at Scientific Games said, “Genius Sports Group offers a vast array of in-game content which will further our already market-leading offering. There is an extremely high fluidity level brought by the sporting calendar, and our technology is unrivalled in matching these levels with the integrity, robustness and scalability that the OpenSports platform provides. With Genius Sports Group’s LiveData and LiveTrading services being integrated into our solution, the technology continues to evolve and become more exciting to our players.”

On October 27, 2020, GSG entered into a business combination agreement with dMY Technology Group II, Inc. (NYSE: DMYD.U, DMYD and DMYD.TS) to drive its expansion as a leading provider of official data and technology powering the global sports, betting and media ecosystem. Upon the closing of the transaction, the combined company expects its ordinary shares and warrants to trade on the NYSE under the symbols “GENI” and “GENI WS”, respectively.

© 2020 Scientific Games Corporation. All rights reserved. 

About Scientific Games 
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com

About Genius Sports:
Genius Sports Group is the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media. We are a global leader in digital sports content, technology and integrity services. Our technology is used in over 150 countries worldwide, empowering sports to capture, manage and distribute their live data and video, driving their digital transformation and enhancing their relationships with fans.

We are the trusted partner to over 500 sports organisations globally, including many of the world’s largest leagues and federations such as the NBA, Premier League, FIBA, NCAA and PGA TOUR.

Genius Sports Group is uniquely placed thorough cutting-edge technology, scale and global reach to support our partners. We are more than just a technology company, we build long-term relationships with sports at all levels, helping them to control and maximise the value of their content while providing technical expertise and round-the-clock support.

Contacts:

Chris Dougan, Chief Communications Officer, +1 (202) 766-4430, [email protected]

Scientific Games

[email protected] 

Forward-Looking Statements
In this press release, Scientific Games makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will,” “may,” and “should.” These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the “SEC”), including Scientific Games’ current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on February 18, 2020 (including under the headings “Forward-Looking Statements” and “Risk Factors”). Forward-looking statements speak only as of the date they are made and, except for Scientific Games’ ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

 

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SOURCE Genius Sports

QuickLogic and SensiML Launch Hackster.io Climate Change Challenge Contest

– Use QuickLogic’s Open Source QuickFeather Development Kit and SensiML’s Analytics Studio Toolkit to create smart IoT solutions to help tackle climate change

­- Contest is open now

PR Newswire

SAN JOSE, Calif., Dec. 1, 2020 /PRNewswire/ — QuickLogic Corporation (NASDAQ: QUIK), a developer of ultra-low power multi-core voice-enabled SoCs, embedded FPGA IP, and Endpoint AI solutions, today announced that it has joined forces with SensiML™ to spearhead an initiative to aid in the creation of new and innovative technological solutions to the global climate change crisis.

The initiative entails the co-sponsorship of the Climate Change Challenge, a contest through the Avnet Hackster.io online community, which has over 1.5M members across 150 countries. Contributors can use the ultra-low power EOS™ S3 on QuickLogic’s open source QuickFeather development board and the SensiML Analytics Toolkit to develop their best intelligent IoT ideas to help address climate change. They can then submit their projects to the highly qualified panel of judges for evaluation and become eligible for prizes for winning submissions.

The problem of climate change is well known for its potential to globally impact human civilization as well as the natural environment. From weather events, to agriculture, to water supplies, to health and safety – climate change touches on nearly all aspects of our daily lives.  Technical innovation can play a critical role in slowing and ultimately stemming this tide – that’s why QuickLogic and SensiML created this challenge. By providing silicon, software, and development boards as part of an open source environment and delivering those to the development community at large, the companies are offering their technology to the thousands of engineers who have ideas that can help.

The QuickFeather Development Kit is an ideal platform, which together with the SensiML toolkit, enables developers to add AI and Machine Learning (ML) capabilities to endpoint IoT applications quickly. The kit features the QuickFeather board with a small form factor board powered by QuickLogic’s EOS™ S3, the first FPGA-enabled Arm Cortex®-M4F MCU to be fully supported by the Zephyr RTOS. Unlike other development kits that are based on proprietary hardware and software tools, QuickFeather is based on open source hardware, which is compatible with the Adafruit Feather form factor and is built around 100% open source software (including the SymbiFlow FPGA tools, and Renode emulation environment.)

The SensiML Analytics Toolkit is integrated with the QuickFeather Development Kit and adds the capability for designers to create “smart” IoT applications using AI and AutoML technology. The SensiML tools make it easy to add sophisticated AI for low-power processors and MCUs without requiring major compute resources or cloud connectivity, making it the perfect development tool for smart endpoint IoT applications.

For More Details About the Contest

Please visit QuickLogic’s website at www.quicklogic.com/climate-change-challenge, and Hackster’s website at www.hackster.io/contests/quickfeather.

About QuickLogic

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops low power, multi-core semiconductor platforms and Intellectual Property (IP) for Artificial Intelligence (AI), voice and sensor processing. The solutions include embedded FPGA IP (eFPGA) for hardware acceleration and pre-processing, and heterogeneous multi-core SoCs that integrate eFPGA with other processors and peripherals. The Analytics Toolkit from our recently acquired wholly-owned subsidiary, SensiML Corporation, completes the end-to-end solution with accurate sensor algorithms using AI technology. The full range of platforms, software tools and eFPGA IP enables the practical and efficient adoption of AI, voice, and sensor processing across mobile, wearable, hearable, consumer, industrial, edge and endpoint IoT. For more information, visit www.quicklogic.com and www.quicklogic.com/blog/.

About SensiML

SensiML, a subsidiary of QuickLogic (NASDAQ: QUIK), offers cutting-edge software that enables ultra-low power IoT endpoints that implement AI to transform raw sensor data into meaningful insight at the device itself. The company’s flagship solution, the SensiML Analytics Toolkit, provides an end-to-end development platform spanning data collection, labeling, algorithm and firmware auto generation, and testing. The SensiML Toolkit supports Arm® Cortex®-M class and higher microcontroller cores, Intel® x86 instruction set processors, and heterogeneous core QuickLogic SoCs and QuickAI platforms with FPGA optimizations. For more information, visit www.sensiml.com.

QuickLogic, QuickLogic logo and  SensiML logo are registered trademarks and EOS and SensiML are trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

 

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SOURCE QuickLogic Corporation

Conagra Brands Announces Details Of Fiscal 2021 Second Quarter Earnings Release, Webcast And Conference Call

PR Newswire

CHICAGO, Dec. 1, 2020 /PRNewswire/ — Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call to review its fiscal 2021 second quarter results on Thursday, January 7, 2021, at 9:30 a.m. ET. The company’s news release will be issued at approximately 7:30 a.m. ET.

The live audio webcast and presentation slides will be available on conagrabrands.com/investor-relations under Events & Presentations. The conference call may be accessed by dialing 1-877-883-0383 for participants in the U.S. and 1-412-902-6506 for all other participants and using passcode 6391339. Please dial in 10 to 15 minutes prior to the call start time. Following the company’s remarks, the conference call will include a question-and-answer session with the investment community.

A replay of the webcast will be available until January 7, 2022.

About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America’s leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company’s portfolio is evolving to satisfy people’s changing food preferences. Conagra’s iconic brands, such as Birds Eye®, Marie Callender’s®, Banquet®, Healthy Choice®, Slim Jim®, Reddi-wip®, and Vlasic®, as well as emerging brands, including Angie’s® BOOMCHICKAPOP®, Duke’s®, Earth Balance®, Gardein®, and Frontera®, offer choices for every occasion. For more information, visit www.conagrabrands.com.

For more information, please contact:
MEDIA: Mike Cummins
312-549-5257
[email protected]

INVESTORS: Brian Kearney
312-549-5002
[email protected]

 

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SOURCE Conagra Brands, Inc.