Krysten Peek recaps the stunning one-point game that sends ACU on to the next round, making them the only 14-seed to do so.
Krysten Peek recaps the stunning one-point game that sends ACU on to the next round, making them the only 14-seed to do so.
A teenager who was stabbed to death in Sydenham has been named, as police arrested a woman on suspicion of murder. Metropolitan Police officers were called to the junction of Hazel Grove and Sydenham Road at around 7.20pm on Saturday following reports of a 17-year-old boy lying on the ground with stab wounds. Crews from the London Ambulance Service and London Air Ambulance also arrived at the scene, but he was pronounced dead shortly after 8pm.
SAN FRANCISCO, April 12, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Leidos Holdings, Inc. (NYSE: LDOS) investors to submit their losses now. A securities fraud class action has been filed and certain investors may have valuable claims. Class Period: May 4, 2020 – Feb. 23, 2021Lead Plaintiff Deadline: May 3, 2021Visit: www.hbsslaw.com/investor-fraud/LDOSContact An Attorney Now: LDOS@hbsslaw.com 844-916-0895 Leidos Holdings, Inc. (LDOS) Securities Fraud Class Action: The complaint centers on the accuracy of defendants’ statements about Leidos’ SD&A business, which the company acquired from L3Harris Technologies in May 2020 for $1 billion and touted as having compelling strategic and operational benefits. Specifically, defendants materially overstated the benefits of the acquisition and did not disclose that Leidos’ products suffered from numerous product defects that included faulty explosive detection systems at airports, ports and borders. As a result, the company’s financial results were significantly overstated. The truth emerged through a series of partial disclosures beginning on Feb. 16, 2021 when analyst Spruce Point published a scathing report concluding that Leidos had “wasted” $1b on the SD&A acquisition. Spruce Point stated, “We believe Leidos is potentially covering up at least $100m of fictitious sales, mischaracterizing $355 - $367m of international revenue.” Spruce Point also alleged that the company is “concealing numerous product defects from investors, notably faulty explosive detection systems at airports and borders.” Spruce Point further avers that management may be intentionally inflating certain of Leidos’ financial metrics, including operating cash flow and organic sales growth, to obscure strains from investors. Then, on Feb. 23, 2021, Leidos released mixed Q4 2020 financial results and disappointing 2021 outlook, including guided revenue and EPS well below analyst consensus. The same day, Spruce Point highlighted the poor 2021 outlook and picked up on a SD&A accounting discrepancy, tweeting “[t]his asset is a total black box.” Finally, on Feb. 24, 2021 Spruce Point highlighted that Leidos “materially expanded” its risk disclosures in its 2020 annual report, tweeting “[w]e believe it is validating all the major points of our report.” On this news, several analysts reduced their price targets for Leidos shares. For example, on Feb. 26, 2021 Jefferies slashed its price target from $125 to $115 and, on Mar. 10, 2021, Morgan Stanley reportedly lowered its price target from $113 to $105. “We’re focused on investor losses and proving Leidos misled investors about its SD&A business,” said Reed Kathrein, the Hagens Berman partner leading the investigation. If you are a Leidos investor, click here to discuss your legal rights with Hagens Berman. Whistleblowers: Persons with non-public information regarding Leidos should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email LDOS@hbsslaw.com. About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw. Contact: Reed Kathrein, 844-916-0895
Multiple people including a police officer have been shot at a school in Knoxville, Tennessee. The Knoxville Police Department tweeted that authorities were on the scene and that an officer was reported to be among the victims. Bob Thomas, the superintendent of Knox County Schools, tweeted that a shooting had occurred - but the building had been secured.
SAN FRANCISCO, April 12, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Lordstown Motors Corp. (NASDAQ: RIDE) investors to submit your losses now. Class Period: Aug. 3, 2020 - Mar. 24, 2021Lead Plaintiff Deadline: May 17, 2021Visit: www.hbsslaw.com/cases/RIDEContact an Attorney Now: RIDE@hbsslaw.com 844-916-0895 RIDE Securities Fraud Class Action: The complaint alleges defendants misled investors by (i) falsely touting customer pre-orders when they were non-binding agreements, (ii) concealing that many would-be customers lacked the means to make such purchases, (iii) misstating that Lordstown was “on track” to commence production of the Endurance in Sept. 2021, and (iv) omitting to disclose that the first Endurance test run resulted in the vehicle quickly bursting into flames. Investors began to learn the truth on Mar. 12, 2021, when Hindenburg Research published a report, claiming that the 100,000 pre-orders for Lordstown’s EV truck are “largely fictitious and used as a prop to raise capital and confer legitimacy.” Hindenburg also cited significant, undisclosed production delays and a prototype that “burst into flames 10 minutes before the test drive” in Jan. 2021, substantiating claims by former employees that the company is not conducting the needed testing or validation required by the NHTSA. On this news, Lordstown shares fell by 17% in one trading day. Before the markets opened on Mar. 18, 2021, Lordstown’s CEO, Stephen Burns, appeared on CNBC stating, “We never said we had orders. We don’t have a product yet so by definition you can’t have orders.” Lordstown shares fell approximately another 9% on this news. Then, on Mar. 24, Hindenburg hit again, publishing photos of a broken down Endurance on a tow truck during a commercial shoot last summer. The commercial aired several days before Lordstown Motors announced its merger with SPAC DiamondPeak. “We’re focused on investors’ losses and proving Lordstown duped investors about its order book,” said Reed Kathrein, the Hagens Berman partner leading the investigation. If you are a Lordstown investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman. Whistleblowers: Persons with non-public information regarding Lordstown Motors should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email RIDE@hbsslaw.com. About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.Contact: Reed Kathrein, 844-916-0895
Boris Johnson has hailed a “hugely significant milestone” as all UK adults over 50 have been offered their first vaccine. It means the Government has met its target of offering jabs to its top nine priority groups, including the clinically vulnerable and health and social care workers, three days ahead of the April 15 target date. It comes as Ireland became the latest country to restrict the AstraZeneca vaccine, saying it should not be given to people under the age of 60, amid concerns over possible links to rare blood clotting.
Friends have revealed the real reason Meghan didn't want to attend Philip's funeral, despite the fact the pair had a 'special bond'. Read more.
Pub gardens and restaurants with outdoor dining have opened as further lockdown restrictions were eased on Monday. From April 12 shops, hairdressers, nail salons, libraries, gyms and outdoor hospitality venues such as beer gardens were allowed to reopen. Most outdoor attractions, such as zoos and theme parks, can reopen, and funerals can continue with up to 30 people, and the numbers able to attend weddings, receptions and commemorative events such as wakes will rise from six to 15.
DELSON, Quebec, April 12, 2021 (GLOBE NEWSWIRE) -- Goodfellow Inc. (TSX: GDL) announced today its financial results for the first quarter ended February 28, 2021. The Company reported a net income of $3.8 million or $0.44 per share compared to a net loss of $(2.1) million or $(0.24) per share a year ago. Consolidated sales for the three months ended February 28, 2021 were $119.4 million compared to $88.9 million last year. Sales in Canada increased 38% compared to the same period a year ago, while sales in the United States increased 6% and export sales increased 24%. Selling, administrative and general expenses increased overall by $0.1 million. The evolution of COVID-19 remains unpredictable and due to the rise of new variant infection cases worldwide it makes estimating the end of the pandemic impossible at this date. The first-quarter results of fiscal 2021 were characterized by continued pandemic realities and their drastic effects on supply and demand. The Company performed very well and was able to capitalize on surging demand in commodities and seasonal products. The Company also positioned itself to succeed across the country with a firm commitment to maintaining needed inventory levels and ensuring superior customer service from coast to coast. Goodfellow Inc. is a distributor of lumber products, building materials and floor coverings. Goodfellow shares trade on the Toronto Stock Exchange under the symbol GDL. GOODFELLOW INC. Consolidated Statements of Comprehensive IncomeFor the three months ended February 28, 2021 and February 29, 2020 (in thousands of dollars, except per share amounts)Unaudited For the three months ended February 282021 February 29 2020 $ $ Sales 119,433 88,856 Expenses (Income) Cost of goods sold93,992 71,480 Selling, administrative and general expenses19,647 19,518 Gain on disposal of property, plant and equipment(8)(15)Net financial costs568 734 114,199 91,717 Earnings (loss) before income taxes5,234 (2,861) Income taxes1,465 (801) Total comprehensive income (loss)3,769 (2,060) Net earnings (loss) per share – Basic and Diluted0.44 (0.24) GOODFELLOW INC. Consolidated Statements of Financial Position (in thousands of dollars)Unaudited As atAs atAs at February 282021November 302020February 292020 $$$Assets Current Assets Cash4,045 3,4662,089Trade and other receivables70,143 76,09354,082Income taxes receivable79 -1,096Inventories95,798 84,74099,300Prepaid expenses4,339 2,5844,250Total Current Assets174,404 166,883160,817 Non-Current Assets Property, plant and equipment30,709 31,14832,517Intangible assets3,077 3,2383,746Right-of-use assets13,629 14,32416,304Defined benefit plan asset1,933 1,9452,210Other assets785 785778Total Non-Current Assets50,133 51,44055,555Total Assets224,537 218,323216,372 Liabilities Current liabilities Bank indebtedness34,928 28,57047,845Trade and other payables43,494 39,61435,549Income taxes payable- 4,859-Provision1,484 1,4731,478Dividend payable2,569 2,141856Current portion of lease liabilities4,3014,3154,254Total Current Liabilities86,77680,97289,982 Non-Current Liabilities Lease liabilities 12,54613,34315,547Deferred income taxes1,597 1,5972,269Defined benefit plan obligation1,189 1,182649Total Non-Current Liabilities15,332 16,12218,465Total Liabilities102,108 97,094108,447 Shareholders’ Equity Share capital9,424 9,4249,424Retained earnings113,005 111,80598,501 122,429 121,229107,925Total Liabilities and Shareholders’ Equity224,537 218,323216,372 GOODFELLOW INC. Consolidated Statements of Cash Flows For the three months ended February 28, 2021 and February 29, 2020 (in thousands of dollars)Unaudited For the three months ended February 282021 February 292020 $ $ Operating Activities Net earnings (loss)3,769 (2,060)Adjustments for: Depreciation and amortization of: Property, plant and equipment627 651 Right-of-use assets1,013 1,093 Intangible assets161 181 Accretion expense on provision11 18 Decrease in provision- (10)Income taxes1,465 (801)Gain on disposal of property, plant and equipment(8)(15)Interest expense148 323 Interest on lease liabilities154 179 Funding in deficit of pension plan expense19 52 Other(5 )- 7,354 (389) Changes in non-cash working capital items(2,968)(12,616)Interest paid(317)(348)Income taxes paid(6,403)(1,029) (9,688)(13,993)Net Cash Flows from Operating Activities (2,334)(14,382) Financing Activities Proceeds from borrowings under bank loans41,000 14,000 Repayment of borrowings under bank loans(39,000)(17,000)Proceeds from borrowings under banker’s acceptances19,000 15,000 Repayment of borrowings under banker’s acceptances(16,000)(2,000)Payment of lease liabilities(1,116)(1,333)Dividend paid(2,141)(856) 1,743 7,811 Investing Activities Acquisition of property, plant and equipment(188)(361)Proceeds on disposal of property, plant and equipment- 16 (188)(345) Net cash outflow(779)(6,916)Cash position, beginning of period(1,104)1,160 Cash position, end of period(1,883)(5,756) Cash position is comprised of: Cash4,045 2,089 Bank overdraft(5,928)(7,845) (1,883)(5,756) GOODFELLOW INC.Consolidated Statements of Changes in Shareholders’ EquityFor the three months ended February 28, 2021 and February 29, 2020(in thousands of dollars)Unaudited Share CapitalRetained EarningsTotal $$$ Balance as at November 30, 20199,424103,984113,408 IFRS 16 adoption adjustment, net of taxes of $940-(2,567)(2,567) Balance as at December 1, 20199,424101,417110,841 Net loss-(2,060)(2,060) Total comprehensive loss-(2,060)(2,060) Transactions with owners of the Company Dividend-(856)(856) Balance as at February 29, 20209,42498,501107,925 Balance as at November 30, 20209,424 111,805 121,229 Net earnings-3,769 3,769 Total comprehensive income-3,769 3,769 Transactions with owners of the Company Dividend -(2,569)(2,569) Balance as at February 28, 20219,424 113,005 122,429 From:Goodfellow Inc. Patrick Goodfellow President and CEO Tel: 450 635-6511 Fax: 450 635-3730 Internet: email@example.com
SAN FRANCISCO, April 12, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Infinity Q Diversified Alpha Fund (NASDAQ: IQDAX; IQDNX) (the “Fund”) investors with significant losses to submit your losses now. A securities fraud class action with an April 27th lead plaintiff deadline has been filed after advisor Infinity Q Capital Management admitted to mispricing the Fund’s NAV resulting in the Fund being liquidated. Contact us to discuss your potential ability to be a lead plaintiff. Class Period: Dec. 21, 2018 – Feb. 22, 2021Lead Plaintiff Deadline: Apr. 27, 2021 Visit: www.hbsslaw.com/investor-fraud/IQDAX Contact An Attorney Now: IQDAX@hbsslaw.com 844-916-0895 Infinity Q Diversified Alpha Fund (NASDAQ: IQDAX; IQDNX) Securities Fraud Class Action: The complaint alleges defendants misrepresented and concealed that (1) the Fund’s Chief Investment Officer manipulated variables going into valuation of significant Fund assets, (2) as a consequence, the Fund and its advisor would not be able to correctly calculate the Fund’s net asset value (“NAV”), (3) previously reported NAVs were unreliable, and (4) because of the foregoing the fund would halt redemptions and liquidate assets. The truth emerged on Feb. 22, 2021, when Bloomberg published an article entitled “Mutual Fund Locks Out Founder After SEC Questions Swaps Pricing” reporting that the fund’s advisor (1) cut off founder, majority owner, and CIO James Velissaris’ access to accounts and trading, and (2) had verified that Velissaris did in fact access and alter the third-party valuation models pertaining to hundreds of millions of dollars of swaps. Most recently, on Mar. 29, 2021 Institutional Investor reported that as of Mar. 25, 2021, Infinity Q calculated the NAV for the fund to be $1.25 billion, about $477.7 million (27%) lower than the Feb. 18, 2021 NAV calculation. “We’re focused on investors’ losses and proving defendants intentionally inflated the fund’s NAV,” said Reed Kathrein, the Hagens Berman partner leading the investigation. If you are an Infinity Q Diversified Alpha Fund investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman. Whistleblowers: Persons with non-public information regarding Infinity Q Diversified Alpha Fund should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email IQDAX@hbsslaw.com. About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw. Contact:Reed Kathrein, 844-916-0895
Shareholder rights law firm Robbins LLP announces that a purchaser of CytoDyn Inc. (OTC: CYDY) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities Exchange Act of 1934 between March 27, 2020 and March 9, 2021.
The United States reported an 8% rise in new cases of COVID-19 to 490,000 last week, the fourth week in a row that infections have increased, according to a Reuters analysis of state and county data. In the week ended April 11, Michigan reported the highest number of new cases per capita of all 50 states and also led the country in hospitalizations per capita. Around 39% of new cases in Michigan were of the more contagious B.1.1.7 variant of the virus first identified in the United Kingdom, the highest percentage in the United States, according to CDC data collected over a four-week period that ended on March 13.
Cardiac Insight, Inc., a healthcare innovator specializing in wearable cardiac sensors and proven automated electrocardiogram (ECG) analysis, remains committed to delivering highly differentiated benefits to healthcare providers and all patients, including underserved populations. The company remains optimistic despite the recent April 10, 2021 updates to the original January 29, 2021 reimbursement rate decision published by Medicare Administrative Contractor (MAC) Novitas Solutions (Novitas) and First Coast Service Options (First Coast) for CPT codes 93241, 93243, 93245, and 93247.
DENVER, April 12, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss first quarter 2021 operating and financial results. The Company plans to issue its news release after market close on Wednesday, May 5, followed thereafter by additional materials. The release and materials will be available on the Company’s website, www.pdce.com. Conference Call and Webcast:Date/Time: Thursday, May 6, 2021 at 11:00 a.m. ETDomestic (toll free): 877-312-5520 International: 1-253-237-1142 Conference ID: 1178458Webcast: available at www.pdce.com Replay Information:Domestic (toll free): 855-859-2056 International: 1-404-537-3406 Conference ID: 1178458Webcast Replay: available for six months at www.pdce.com About PDC Energy, Inc. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and Delaware Basin in west Texas. Its operations in the Wattenberg Field are focused in the horizontal Niobrara and Codell plays and our Delaware Basin operations are primarily focused in the horizontal Wolfcamp zones. Contacts: Kyle Sourk Director Corporate Finance & Investor Relations 303-318-6150 firstname.lastname@example.org
SHANGHAI, China, April 12, 2021 (GLOBE NEWSWIRE) -- Dear Shareholders: Thank you for your continuing support and confidence in Baozun’s people and leadership. Demonstrating resilience, flexibility and commitment The Covid-19 pandemic made 2020 a year of challenge and uncertainty. However, we have been able to offer seamless and uninterrupted, quality services to our brand partners. I am deeply proud of the tenacity and flexibility our organization displayed during the pandemic. In fact, the pandemic to some degree helped to shift consumer behavior from offline to online channels. Not only does China have the largest number of online e-commerce users in the world with over 750 million people shopping digitally, but online penetration is also deepening, to a record 24.9% in 2020, according to the National Bureau of Statistics of China. These figures reflect that online shopping has become deeply embedded in the daily life of Chinese consumers. Rooted in our vision of “Technology empowers future success,” we were able to develop systematic, technology-driven business contingency plans as well as innovative tactical solutions to help our brand partners weather the impact of the pandemic, and seize the opportunities of the rapidly evolving e-commerce environment. We have seen our brand partners both achieve success and accelerate their digital transformation. As the leading service partner in brand e-commerce, we believe Baozun played an important role in advancing the market objectives of our brand partners during a complex period, and are ideally positioned to continue supporting them as China’s e-commerce market evolves. 2020: A year of high-quality growth We prioritized a strategy of high-quality growth throughout 2020. During the year, we optimized our brand portfolio to allocate resources, identified new categories to promote topline growth, and improved operating efficiency by reengineering our processes and streamlining operations. Digitalization and innovation will continue to play a vital part as we expand our competitive moat. In 2020, our dual focus on innovation and productization was the driver for seamless integration, digitalization and intelligence of our services. We were pleased to see significant progress in our Retail Operation Support System, or ROSS, automation application, in launching a rich portfolio of one-click toolkits, and its integration into consolidated operations, driving overall operational efficiency and optimizing business process reengineering. Over the past few years, we have constructed a comprehensive Digital Operating Platform, or DOP, that integrates our IT infrastructure, AI applications and data intelligence capabilities. As a third-party service provider, our infrastructure and unrivalled technology uniquely position us to help brand partners execute comprehensive omni-channel strategies and we are particularly pleased with our progress during the year. For the first time, our non-Tmall channels accounted for over 25% of total annual GMV, of which non-official.com GMV surpassed 10% for the first time. We have seen the rapid growth of new and emerging channels and believe such channels have the potential to be among our future growth drivers. These efforts translated into a number of records in 2020. We generated RMB8.9 billion in total net revenue, a 21.6% year-over-year growth rate. Our brand acquisition momentum continued at a strong pace, bringing us up to 266 brand partners across a wide range of categories at the end of 2020. More importantly, we delivered a 45% rise in non-GAAP operating profit, and also generated a second consecutive year of both positive operating cash flow and free cash flow. Overall, 2020 was a remarkable year for Baozun and we are pleased with our accomplishments. We achieved record results across every key metric of our business while continuing to help our brand partners accelerate digital transformation in the ever-evolving China e-commerce industry. In addition, we completed a secondary listing on the Hong Kong Stock Exchange in September, which gave us a solid cash foundation to pursue future growth and marked a new era for us in terms of broadening our access to capital. We believe that our achievements in 2020 created a solid foundation for future growth. Strategic focus for 2021 and beyond We are continuing our commitment to a high growth strategy for sustainable and profitable growth in 2021 and beyond. To capitalize on the expanding China e-commerce opportunities and to achieve our objectives, we are launching a three-to-five-year medium-term strategic plan. The three key pillars of the strategic plan are: First, we will adopt a “customer-first” approach to drive growth by focusing on service differentiation to meet the diversified needs of our brand partners. We will explore business opportunities and implement customer segmentation strategies to attract potential new business from both existing and new brand partners. Secondly, we will drive growth through the expansion of new businesses. We believe that as e-commerce in China evolves, there will be increasing opportunities to explore new channels. In the meantime, we will continue to explore new business models leveraging these new channels. Thirdly, we will seek even greater optimization of our cost structure, through technology driven business process reengineering and service-quality-oriented location strategy. Overall, we will bear in mind our long-term objective – delivering sustainable and profitable growth for our shareholders. We view 2021 as a unique year full of opportunities, and a year in which we will invest for our future. We will actively look for opportunities in new channels, new categories and new business models along with other opportunities to generate synergies with our current business, both organically and inorganically. We will continue to enhance our infrastructure enablers, including technology, digital marketing and warehouse and logistics, to further strengthen our competitive advantage. We will also put more emphasis on environmental, social and governance initiatives, and I personally chair our recently established sustainability committee to support our growth from a long-term and sustainable perspective. In addition, “delivering quality through developing people” is rooted in our culture and values. “Delivering quality” deepens our value proposition to brand partners, while “developing people” ensures our Baozun family members can grow and develop. We truly believe that our people are our greatest assets, and we are planning to move our headquarters to a brand-new campus of over 40,000 square meters in the second half of 2021 to accommodate our growing team, support future business expansion and nurture a culture of cutting-edge innovation. Finally, I would like to thank you again – our shareholders – for your long-term interest and support. We remain committed to our vision of “Technology empowers future success” and will continue to pursue our journey of sustainable and profitable growth through disruptive innovation. We are more motivated than ever and will continue to work hard for you. We are excited about the opportunities ahead and expect to have a tremendous 2021 with your help. Sincerely, Vincent Wenbin QiuChairman and Chief Executive OfficerBaozun Inc. Safe Harbor Statements This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance,” “going forward,” “outlook” and similar statements. Statements that are not historical facts, including quotes from management in this announcement and statements about the Company’s strategies and goals, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s operations and business prospects; the Company’s business and operating strategies and its ability to implement such strategies; the Company’s ability to develop and manage its operations and business; competition for, among other things, capital, technology and skilled personnel; the Company’s ability to control costs; the Company’s dividend policy; changes to regulatory and operating conditions in the industry and geographical markets in which the Company operates; and other risks and uncertainties. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission and Company’s announcements, notice or other documents published on the website of The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release and are based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. About Baozun Inc. Baozun Inc. is the leader and a pioneer in the brand e-commerce service industry in China. Baozun empowers a broad and diverse range of brands to grow and succeed by leveraging its end-to-end e-commerce service capabilities, omni-channel coverage and technology-driven solutions. Its integrated one-stop solutions address all core aspects of the e-commerce operations covering IT solutions, online store operations, digital marketing, customer services, and warehousing and fulfillment. For more information, please visit http://ir.baozun.com. For investor and media inquiries, please contact: Baozun Inc.Ms. Wendy SunEmail: email@example.com ChristensenIn ChinaMr. Rene VanguestainePhone: +852-6686-1376E-mail: firstname.lastname@example.org In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email: lbergkamp@ChristensenIR.com
QUINCY, Mass., April 12, 2021 (GLOBE NEWSWIRE) -- In response to a public health advisory issued by the U.S. Department of Agriculture (USDA), Stop & Shop encourages customers to discard Nature’s Promise 94% lean, 6% fat ground turkey with use by/freeze by/sell by dates of Jan. 1, 2021, Jan. 3, 2021, Jan. 4, 2021, Jan. 8, 2021 and Jan. 10, 2021 on the front of the package. Stop & Shop received notice from our supplier and the USDA that the products, which are now more than 90 days past their use by/freeze by/sell by dates, may have caused Salmonella Hadar illness. These packages were likely purchased from Stop & Shop between Dec. 20, 2020, and Jan. 10, 2021. Customers who purchased the impacted product should not consume it and may return it to a Stop & Shop store and/or call Customer Service at 1(800) 767-7772 for a full refund. About Stop & ShopA neighborhood grocer for more than 100 years, Stop & Shop offers a wide assortment with a focus on fresh, healthy options at a great value. Stop & Shop's GO Rewards loyalty program delivers personalized offers and allows customers to earn points that can be redeemed for gas or groceries every time they shop. Stop & Shop customers can choose how and where they want to shop - whether in-store or online for delivery or same day pickup. The company is committed to making an impact in its communities by fighting hunger, supporting our troops, and investing in pediatric cancer research to help find a cure. The Stop & Shop Supermarket Company LLC is an Ahold Delhaize USA Company and employs 58,000 associates and operates more than 400 stores throughout Massachusetts, Connecticut, Rhode Island, New York and New Jersey. To learn more about Stop & Shop, visit www.stopandshop.com. CONTACT: Media Contact: Stefanie Shuman: email@example.com
NEW YORK, April 12, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of MultiPlan Corporation f/k/a Churchill Capital Corp. III (NYSE: MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U): (i) between July 12, 2020 and November 10, 2020, inclusive (the “Class Period”); and (ii) all holders of Churchill III Class A common stock entitled to vote on Churchill III’s merger with and acquisition of Polaris Parent Corp. and its consolidated subsidiaries (collectively, “MultiPlan”), which merger was consummated in October 2020 (the “Merger”) of the important April 26, 2021 lead plaintiff deadline. SO WHAT: If you purchased MultiPlan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the MultiPlan class action, go to http://www.rosenlegal.com/cases-register-1983.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 26, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) MultiPlan was losing tens of millions of dollars in sales and revenues to Naviguard, a competitor created by one of MultiPlan’s largest customers, UnitedHealthcare, which threatened up to 35% of the Company’s sales and 80% of its levered cash flows by 2022; (2) sales and revenue declines in the quarters leading up to the Merger were not due to “idiosyncratic” customer behaviors as represented, but rather due to a fundamental deterioration in demand for MultiPlan’s services and increased competition, as payors developed competing services and sought alternatives to eliminating excessive healthcare costs; (3) MultiPlan was facing significant pricing pressures for its services and had been forced to materially reduce its take rate in the lead up to the Merger by insurers, who had expressed dissatisfaction with the price and quality of MultiPlan’s services and balanced billing practices, causing the Company’s to cut its take rate by up to half in some cases; (4) as a result of the foregoing, MultiPlan was set to continue to suffer from revenues and earnings declines, increased competition and deteriorating pricing dynamics following the Merger; (5) as a result of the foregoing, MultiPlan was forced to seek continued revenue growth and to improve its competitive positioning through pricey acquisitions, including through the purchase of HST for $140 million at a premium price from a former MultiPlan executive only one month after the Merger; and (6) as a result of the foregoing, Churchill III investors had grossly overpaid for the acquisition of MultiPlan in the Merger, and MultiPlan’s business was worth far less than represented to investors. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the MultiPlan class action, go to http://www.rosenlegal.com/cases-register-1983.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 firstname.lastname@example.org email@example.com firstname.lastname@example.org www.rosenlegal.com
Temasek and BlackRock, Inc. (NYSE:BLK) today announced that they have agreed to establish a partnership called Decarbonization Partners. The partnership will launch a series of late stage venture capital and early growth private equity investment funds that will focus on advancing decarbonization solutions to accelerate global efforts to achieve a net zero economy by 2050.
SÃO PAULO, Brazil, April 12, 2021 (GLOBE NEWSWIRE) -- Vasta Platform Limited (“Vasta” or the “Company”) (NASDAQ: VSTA) today announced the resignation for personal reasons of Clovis Poggetti Junior as its chief financial officer and investor relations officer and the appointment of Bruno Giardino to serve as the Company’s chief financial officer and investor relations officer. Mr. Clovis Poggetti Junior will continue in the Company until April 23, 2021, during which period he will transfer his activities to Bruno Giardino. Mr. Giardino joins the Company after having served as the investor relations officer for the Company’s parent company, Cogna Educação S.A., since March 2020. Previously, Mr. Giardino had served for over ten years as a sell-side investment analyst for Banco Santander and Bank of America, specializing in the education and healthcare sectors, in addition to serving as a partner of the investment fund Miles Capital. He holds a bachelor’s degree in Chemical Engineering from the Escola Politécnica of the Universidade de São Paulo. “We are grateful for the time Clovis has spent with us. His role in the transition from private to a public company has been very important and we wish him all the best,” said Mário Ghio Junior, chief executive officer of Vasta. VASTA’S MISSIONOur mission is to help private K-12 schools to be better and more profitable, supporting their digital transformation. ABOUT VASTAVasta is a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment, ultimately benefiting all of Vasta’s stakeholders, including students, parents, educators, administrators and private school owners. Vasta’s mission is to help private K-12 schools to be better and more profitable, supporting their digital transformation. Vasta believes it is uniquely positioned to help schools in Brazil undergo the process of digital transformation and bring their education skill-set to the 21st century. Vasta promotes the unified use of technology in K-12 education with enhanced data and actionable insight for educators, increased collaboration among support staff and improvements in production, efficiency and quality. For more information, please visit ir.vastaplatform.com. CONTACTInvestor Relations+55 11 3133 email@example.com FORWARD-LOOKING STATEMENTSThis press release contains forward-looking statements that can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to of various factors, including (i) general economic, financial, political, demographic and business conditions in Brazil, as well as any other countries we may serve in the future and their impact on our business; (ii) fluctuations in interest, inflation and exchange rates in Brazil and any other countries we may serve in the future; (iii) our ability to implement our business strategy and expand our portfolio of products and services; (iv) our ability to adapt to technological changes in the educational sector; (v) the availability of government authorizations on terms and conditions and within periods acceptable to us; (vi) our ability to continue attracting and retaining new partner schools and students; (vii) our ability to maintain the academic quality of our programs; (viii) the availability of qualified personnel and the ability to retain such personnel; (ix) changes in the financial condition of the students enrolling in our programs in general and in the competitive conditions in the education industry; (x) our capitalization and level of indebtedness; (xi) the interests of our controlling shareholder; (xii) changes in government regulations applicable to the education industry in Brazil; (xiii) government interventions in education industry programs, that affect the economic or tax regime, the collection of tuition fees or the regulatory framework applicable to educational institutions; (xiv) cancellations of contracts within the solutions we characterize as subscription arrangements or limitations on our ability to increase the rates we charge for the services we characterize as subscription arrangements; (xv) our ability to compete and conduct our business in the future; (xvi) our ability to anticipate changes in the business, changes in regulation or the materialization of existing and potential new risks; (xvii) the success of operating initiatives, including advertising and promotional efforts and new product, service and concept development by us and our competitors; (xviii) changes in consumer demands and preferences and technological advances, and our ability to innovate to respond to such changes; (xix) changes in labor, distribution and other operating costs; our compliance with, and changes to, government laws, regulations and tax matters that currently apply to us; (xx) the effectiveness of our risk management policies and procedures, including our internal control over financial reporting; (xxi) health crises, including due to pandemics such as the COVID-19 pandemic and government measures taken in response thereto; (xxii) other factors that may affect our financial condition, liquidity and results of operations; and (xxiii) other risk factors discussed under “Risk Factors.” Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.
RADNOR, Pa., April 12, 2021 (GLOBE NEWSWIRE) -- Safeguard Scientifics, Inc. (NYSE:SFE) (“Safeguard” or the “Company”) today announced the exit of our ownership interest in Zipnosis. Safeguard received $3.3 million of initial cash proceeds and a preferred equity interest in Bright Health Group, a national integrated healthcare company (“Bright Health”). The majority of the consideration we received in the transaction is reflected in this preferred equity interest. Additional cash proceeds may be received from the final determinations of net working capital and the resolution of various escrow contingencies. Safeguard will report a gain on the sale of the Zipnosis ownership interest for the quarter ended March 31, 2021, based on the total value received from the transaction. “We are excited about this transaction and the prospects for Safeguard of being a Bright Health shareholder. We also want to congratulate Zipnosis’ Founder and CEO, Jon Pearce, and all of the Zipnosis employees on achieving this milestone. We wish them the best of luck as part of the Bright Health team,” commented Safeguard CEO Eric Salzman. Safeguard deployed an aggregate of $10.0 million to Zipnosis beginning in December 2015. About Safeguard Scientifics Historically, Safeguard Scientifics has provided capital and relevant expertise to fuel the growth of technology-driven businesses. Safeguard has a distinguished track record of fostering innovation and building market leaders that spans more than six decades. Safeguard is currently pursuing a focused strategy to value-maximize and monetize its ownership interests over a multi-year time frame to drive shareholder value. For more information, please visit www.safeguard.com. About Bright Health GroupBright Health Group is building the national, integrated healthcare system of the future by integrating financing, care delivery services and technology to create a better performing healthcare experience for physicians and consumers. As a national integrated healthcare platform, we offer diversified health products and managed care services to over 500,000 consumers in 14 states and more than 50 markets. By aligning with our Care Partners, we provide consumers access to personalized care teams tailored to their individual needs. We deliver high quality virtual and in-person clinical care to over 220,000 patients through our approximately 40 managed and affiliated advanced risk-bearing primary care clinics. We give providers the tools they need to optimize their practices and deliver valued-based care to the patients they serve. Driving it all is our person-centric, intelligent technology platform which connects consumers, payers and providers with the common purpose of lowering healthcare costs while improving outcomes, experience and access. We are making healthcare right. Together. Learn more at www.brighthealthgroup.com. Forward-looking StatementsExcept for the historical information and discussions contained herein, statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are subject to risks and uncertainties. Forward-looking statements include, but are not limited to, statements regarding Safeguard’s ability to maximize the value of monetization opportunities of its ownership interests and drive total shareholder returns. Safeguard’s initiatives taken or contemplated to enhance and unlock value for all of its shareholders, Safeguard’s efforts to execute on and implement its strategy to streamline its organizational structure, reduce its operating costs, pursue monetization opportunities for ownership interests and maximize the return of value to its shareholders, Safeguard’s ability to create, unlock, enhance and maximize shareholder value, the effect of Safeguard’s management succession plan on driving increased organizational effectiveness and efficiencies, the ability of the management team to execute Safeguard’s strategy, the availability of, the timing of, and the proceeds that may ultimately be derived from the monetization of ownership interests, Safeguard’s projections regarding the reduction in its ongoing operating expenses, Safeguard’s projections regarding annualized operating expenses and expected severance expenses, monetization opportunities for ownership interests, and the amount of net proceeds from the monetization of ownership interests that will enable the return of value to Safeguard shareholders after satisfying working capital needs and the timing of such return of value. Such forward-looking statements are not guarantees of future operational or financial performance and are based on current expectations that involve a number of uncertainties, risks and assumptions that are difficult to predict. Therefore, actual outcomes and/or results may differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause actual results to differ materially include, among others, our ability to make good decisions about the monetization of our ownership interests for maximum value or at all and the return of value to our shareholders, our ability to successfully execute on our strategy to streamline our organizational structure and align our cost structure to increase shareholder value, whether our strategy will better position us to focus our resources on the highest-return opportunities and deliver enhanced shareholder value, the ongoing support of our existing ownership interests, the fact that our companies may vary from period to period, challenges to achieving liquidity from our ownership interests, fluctuations in the market prices of our publicly traded holdings, if any, competition, our inability to obtain maximum value for our ownership interests, our ability to attract and retain qualified employees, market valuations in sectors in which our ownership interests operate, our inability to control our ownership interests, our need to manage our assets to avoid registration under the Investment Company Act of 1940, risks, disruption, costs and uncertainty caused by or related to the actions of activist shareholders, including that if individuals are elected to our Board with a specific agenda, it may adversely affect our ability to effectively implement our business strategy and create value for our shareholders and perceived uncertainties as to our future direction as a result of potential changes to the composition of our Board may lead to the perception of a change in the direction of our business, instability or a lack of continuity that may adversely affect our business, and risks associated with our ownership interests, including the fact that most of our ownership interests have a limited operating history and a history of operating losses, face intense competition and may never be profitable, the effect of economic conditions in the business sectors in which Safeguard’s companies operate, and other uncertainties described in our filings with the Securities and Exchange Commission. Many of these factors are beyond the Company’s ability to predict or control. As a result of these and other factors, the Company’s past operational and financial performance should not be relied on as an indication of future performance. The Company does not assume any obligation to update any forward-looking statements or other information contained in this press release. ### CONTACT: SAFEGUARD CONTACT: Mark Herndon Chief Financial Officer (610) 975-4913 firstname.lastname@example.org
‘If you just want to roll your eyes at how f****** weird it all was, that’s what I’m here for’