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Zynex Ranked 13th in Revenue Growth Among Medical Device Companies

PR Newswire

ENGLEWOOD, Colo., Nov. 19, 2020 /PRNewswire/ — Zynex, Inc. (NASDAQ: ZYXI), an innovative medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, stroke rehabilitation, cardiac monitoring and neurological diagnostics today announced it has been ranked 13th in revenue growth among all medical device companies in the U.S. and Canada on Deloitte’s 2020 Technology Fast 500.  Zynex was ranked 388th for revenue growth between 2016 and 2019 across all companies in North America.  Zynex’s revenues grew 242% over that period, with 2019 revenue reaching $45.5 million.  The company estimates 2020 revenue between $80.0 and $81.0 million. The 2020 Deloitte Technology Fast 500 list can be found at www.fast500.com.

“It is an honor to be recognized for the second year in a row by Deloitte’s 2020 Technology Fast 500 for revenue growth,” said Thomas Sangaard, CEO and founder of Zynex Inc.  “This award truly reflects the strong commitment of our Zynex team and gives me an opportunity to thank everyone here for their dedication and hard work.  We appreciate this award and look forward to continued revenue growth in the years ahead.”


About Deloitte’s 2020 Technology Fast 500™

Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, and energy tech companies—both public and private—in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute  to a majority of the company’s operating revenues. Companies must have base-year  operating revenues of at least $50,000, and current-year operating revenues of at least $5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Zynex 
Zynex, founded in 1996, markets and sells its own design of electrotherapy medical devices used for pain management and rehabilitation; and the Company’s proprietary NeuroMove device designed to help recovery of stroke and spinal cord injury patients. Zynex is also developing a new blood volume monitor for use in hospitals and surgery centers.  For additional information, please visit: Zynex.com.

Safe Harbor Statement
This release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, forecasts, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore you should not rely on any of these forward looking statements.  The Company makes no express or implied representation or warranty as to the completeness of forward looking statements or, in the case of projections, as to their attainability or the accuracy and completeness of the assumptions from which they are derived. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the need to obtain CE marking of new products, the acceptance of new products as well as existing products by doctors and hospitals, larger competitors with greater financial resources, the need to keep pace with technological changes, our dependence on the reimbursement for our products from health insurance companies, our dependence on third party manufacturers to produce our goods on time and to our specifications, implementation of our sales strategy including a strong direct sales force, the impact of COVID-19 on the global economy and other risks described in our filings with the Securities and Exchange Commission including but not limited to our Annual Report on Form 10-K for the year ended December 31, 2019 as well as our quarterly reports on Form 10-Q and current reports on Form 8-K.

Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact:

Zynex, Inc.
(800) 495-6670


Investor Relations Contact:

Amato and Partners, LLC
Investor Relations Counsel
[email protected]

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SOURCE Zynex

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Key COVID-19 Symptom, Oxygen Saturation Now Measurable Via Camera Utilizing Draganfly’s Vital Intelligence Assessment Technology

As seen with President Trump measuring Oxygen Saturation, SpO2 is key in screening and managing COVID-19 symptoms

Los Angeles, CA, Nov. 19, 2020 (GLOBE NEWSWIRE) — Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading manufacturer and systems developer, is pleased to announce the integration of SpO2 into its Vital Intelligence assessment technology.

The technology gauges blood oxygen saturation from a video stream of a person’s face.

Also known as SpO2, blood oxygen saturation is a measure of how well the lungs absorb oxygen and the circulatory system transports oxygenated blood. An individual’s SpO2 level is usually measured using connected sensors that project light through a finger or earlobe and, until now, there has been no real means to make a non-contact assessment. In the COVID-19 era, a low SpO2 level has risen to prominence as an important symptom of individuals with COVID-19.

SpO2 appraisal as part of Draganfly’s Vital Intelligence Assessment Technology, which also measures key indicators like heart rate and respiratory rate is designed to increase the likelihood of detecting illness using a camera instead of contact sensors. This type of contactless screening reduces the risk of cross-infection, can be much faster and can be used remotely as a powerful telehealth tool.

SpO2 is now integrated with Draganfly’s Vital Intelligence Assessment camera technology and is available on Draganfly’s Smart Vital Entrance Kiosks or for third party telehealth developers via an API.

“The blood oxygen gauge our team developed for the Vital Intelligence project shows the enormous potential of streaming video for remote detection of many health conditions,” said Dr. Javaan Chahl, Chief Scientist of Draganfly’s Vital Intelligence technology and Chair of Sensor Systems at the University of South Australia.

“The team at Draganfly has been working tirelessly on product advancements to help to ensure that our camera technology is effective in flattening the curve by screening key potential symptoms related to COVID-19 with the Vital Intelligence technology,” said Cameron Chell, Draganfly CEO. “This vital sign assessment of SpO2 along with heart rate, respiratory rate and other vital signs through video is a game changer in telehealth and overall health security in our society.”

About Draganfly

Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the creator of quality, cutting-edge software and systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 22 years, Draganfly is an award-winning, industry-leading manufacturer and technology developer serving the public safety, agriculture, industrial inspection, security, mapping and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

For more information on Draganfly, please visit us at www.draganfly.com.
For additional investor information, visit https://www.thecse.com/en/listings/technology/draganfly-inc, https://www.otcmarkets.com/stock/DFLYF/overview or https://www.boerse-frankfurt.de/aktie/draganfly-inc.

Media Contact
Arian Hopkins
email: [email protected] 

Company Contact
Email: [email protected]

Forward-Looking Statements

This news release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as defined under applicable Canadian securities laws. Forward-looking statements ‎‎‎‎and information can generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements include, but are not ‎‎‎‎limited to, statements with respect the ‎successful integration of SpO2 into the Company’s Vital Intelligence assessment technology‎. Forward-‎‎‎looking statements ‎and information are subject to various known and unknown risks and ‎‎‎uncertainties, many of ‎which are beyond the ability of the Company to control or predict, that ‎‎‎may cause the ‎Company’s actual results, performance or achievements to be materially different ‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions about such ‎‎‎risks, ‎uncertainties and other factors set out here in, including but not limited to: the potential ‎‎‎impact of ‎epidemics, pandemics or other public health crises, including the current outbreak of ‎‎‎the novel ‎coronavirus known as COVID-19 on the Company’s business, operations and financial ‎‎‎condition, ‎the successful integration of technology, the inherent risks involved in the general ‎‎‎securities ‎markets; uncertainties relating to the availability and costs of financing needed in the ‎‎‎future; the ‎inherent uncertainty of cost estimates and the potential for unexpected costs and ‎‎‎expenses, ‎currency fluctuations; regulatory restrictions, liability, competition, loss of key ‎‎‎employees and ‎other related risks and uncertainties disclosed under the heading “Risk Factors“ ‎‎‎in the Company’s ‎most recent filings filed with securities regulators in Canada on the SEDAR ‎‎‎website at ‎www.sedar.com. The Company undertakes no obligation to update forward-looking ‎‎‎information ‎except as required by applicable law. Such forward-looking information represents ‎‎‎‎managements’ best judgment based on information currently available. No forward-looking ‎‎‎‎statement can be guaranteed and actual future results may vary materially. Accordingly, readers ‎‎‎‎are advised not to place undue reliance on forward-looking statements or information.‎



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2020 Christmasland in New Taipei City

Disney’s Fairytale themed Christmas – A must-go event in Asia and Taiwan’s top four events pioneered by New Taipei City

Disney’s 3D projection mapping light show – First of its kind performance with the longest show time in Taiwan

6 Disney Princesses installations to station in Wanping Metropolitan Park

-The largest venue in history, covering New Taipei City Plaza, Banqiao Station Square, and Fuzhong Shopping Area

NEW TAIPEI CITY, Taiwan, Nov. 19, 2020 (GLOBE NEWSWIRE) — “Christmasland in New Taipei City”, the biggest winter festival event in Taiwan has been held for 10 consecutive years and won recommendations from many internationally renowned media for 4 consecutive years. This year, in cooperation with The Walt Disney Company in Taiwan for the first time, “Christmasland in New Taipei City” will put forth the theme of “Disney Fairytales”. You are cordially invited to experience a Disney-themed Christmas festival. Not only will the event time be the longest over the years, but the scope of lighting zones will be expanded from New Taipei City Plaza, Banqiao Station Square and Wanping Metropolitan Park to Fuzhong Shopping Area.

Always a key element in our Christmasland, the 3D projection mapping light show, best known as the largest light show in Taiwan, will feature various characters of Disney Fairytales for the first time this year. Accompanied by the Disney-styled music arrangement, this Disney 3D projection mapping show will be the first of its kind in Taiwan! It will be also unprecedented this year that the performance of the Main Light Show will be linked through LEDs to surround the lighting environment of the entire New Taipei City Plaza to create a 360-degree multi-level stereo sound and light experience.

In the Wanping Metropolitan Park lighting zone, where elements of Disney Fairytales and the landscape of Wanping Metropolitan Park are cleverly intertwined, you will see six limited-edition art installations of Disney Princess, namely Ariel, Belle, Cinderella, Rapunzel, Jasmine and Snow White. In addition, there will be a “Disney Princess Themed Pop-up Store,” where you can bring home the most charming Disney Princess gifts and merchandise!

Colorful Disney-themed lights will be hung up on the sidewalk along New Taipei City Plaza this year. The footbridges around the City Hall will be turned into eight “light bridges” that have been and will be popular with domestic and foreign tourists. For example, the Xinfu Road light bridge will be full of colorful elements from Alice in Wonderland and expected to be a photography hot spot. Meanwhile, “Banqiao Bus Station” will be given a makeover with the components of Disney Fairytales and decorated with pyrotechnic lighting. The stationis poised to be a popular Facebook check-in location!

This year’s lighting zone area will be extended to cover Fuzhong Shopping Area for the first time. The four major lighting zones will be equipped with 48 art installations in total. Inspired by the well-known fairy tale “Jack and the Beanstalk”, the “Magic Bean” main light will be decorated on the stems with crystals, which will look even more dazzling under the night sky. The “Magic Forest” created by magic mushroom-shaped installations and the “Floating Dandelion” inspired by dandelions will unveil a new aesthetic style of Fuzhong Shopping Area which is decorated with cute Santa Bear, making it even more attractive! Designed by the team that has won the Italian Design Award, the “Neverland Plaza” located in Banqiao Station Square will use the design vocabulary of the Fantastic Garden as its main theme, incorporating the whisper of flowers into the art to create a super large outdoor light installation that exceeds the previous scale. Coupled with a gorgeous light show performance, the “Neverland Plaza” is surely one of the hot spots for taking pictures for Instagram this year.


Media contact

Jing-Fang Chen

Office/ +886-2-2960-3456  #4027

Mobile/ +886-972-180-900

Li-Wen Chen

Office/ +886-2-2960-3456  #4025

Mobile/ +886-952-282-687

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9b3c99e6-cb5e-4850-a6d2-347fb80db5ea



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Sprout Social ranks #2 on Battery Venture’s 25 Highest Rated Public Cloud Computing Companies to Work for During the Covid Crisis

List showcases public cloud companies with the highest levels of employee satisfaction amid the pandemic

CHICAGO, Nov. 19, 2020 (GLOBE NEWSWIRE) — Sprout Social, a leading provider of social media analytics, engagement, and advocacy solutions for business, was recognized as one of the 25 Highest Rated Public Cloud Computing Companies to Work for During the Covid Crisis by Battery Ventures, with data provided by Glassdoor. The list highlights 25 publicly traded companies—all business-to-business, cloud-computing companies—where employees reported the highest levels of satisfaction at work during the first six months of the pandemic, according to employee feedback shared on Glassdoor.

This recognition marks the fourth consecutive year Sprout has been placed on the list, and this year Sprout ranked second on the list of 25. From March 1 through August 31, Sprout’s ratings far exceeded Glassdoor averages across the board, with an overall company rating of 4.8 compared to the Glassdoor average of 3.2. Additionally, their positive business-outlook rating was 94%, compared to the Glassdoor average of 51%. A Glassdoor economic research study, as well as other third party studies, show that companies with high employee satisfaction often post stronger financial performance.

This is the fourth year Battery has issued a version of its highest-rated cloud companies list, along with a related ranking of the 25 Highest Rated Private Cloud Computing Companies to Work For. The rankings—which this year hinged on how companies are handling issues like remote workforces and the broader economic downturn—highlight the global trend of businesses increasingly turning to the cloud to run critical technology systems and software, instead of using on-premise systems.

“We’re heartened that so many of these B2B companies are surviving and even thriving during Covid, as they’re providing technologies to serve the new, pandemic workforce, as well as solutions that are digitizing customer businesses faster than ever,” said Neeraj Agrawal, a Battery general partner who specializes in cloud investing. “Every company that made the list this year should view it as an honor to be included.”

“Culture has always been a fundamental component of Sprout’s business success, and with the challenges this year has presented, it is inspiring to see our team’s ongoing commitment to each other recognized,” said Justyn Howard, CEO of Sprout Social. “This dedication to persevere through uncertainty is why we are able to help our customers succeed day in and day out. We are honored to receive this acknowledgement and look forward to growing our team and business.”

Full lists of the Battery highest-rated public and private cloud companies to work for can be found here.

About Sprout Social


Sprout Social
 offers deep social media listening and analytics, social management, customer care, and advocacy solutions to more than 25,000 brands and agencies worldwide. Sprout’s suite of solutions supports every aspect of a cohesive social program and enables organizations of all sizes to extend their reach, amplify their brand and create the kind of real connection with their consumers that drives their businesses forward. Headquartered in Chicago, Sprout operates across major social media networks, including Twitter, Facebook, Instagram, Pinterest, YouTube and LinkedIn. Learn more at sproutsocial.com.

About Battery Ventures

Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, Israel, London and New York. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery’s portfolio companies here. 

*By a company name, denotes a Battery investment. For a full list of all Battery investments and exits, please click


here


.

Contact

Media: Kristin Johnson, Sprout Social, Email: [email protected] Phone: (312) 281-2073
Investors: Jason Rechel, Sprout Social, Email: [email protected] Phone: (773) 570-4892



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Medigus Signs MOU to Enter Electric Vehicles and Electric Charging Market

Medigus plans to form a joint venture with EMuze founders to develop and potentially commercialize EV-based micro-mobility vehicles for urban and logistics transportation. General Motors control systems lead Mr. Alon Davidi will act as Medigus’ EV advisor.

OMER, Israel, Nov. 19, 2020 (GLOBE NEWSWIRE) —  
Medigus Ltd. (NASDAQ:MDGS) (TASE:MDGS), a technology company engaged in advanced medical solutions and innovative technology, today announced its intention to enter into the electric vehicle and electric charging markets. Medigus signed a non-binding memorandum of understanding with the founders of EMuze (a privately held company that designs and develops electric mobility micro vehicles), to invest in a joint venture, NewCo, for the commercialization of EV micro-mobility vehicles for individual urban use, “last mile” and cargo delivery.

In addition, Medigus appointed Mr. Alon Davidi as special advisor for the electric vehicle and charging market. Mr. Davidi currently serves as system lead at General Motors, managing the development of Low Velocity Maneuvering (LVM).

EMuze’s unique EVs are characterized by the ability to operate full days on a single charge, heavy duty design suitable for rigid operation, tailored mission-specific designs, Hop on – Hop off modes, available off-road versions and low cost of operation.

EMuze has already signed a manufacturing agreement with Ningbo Beijing Shen Jian Machinery Technology, which manufactures high-end scooters, E-mobility and skiing machines. Ningbo is equipped with advanced machining and inspection facilities, an R&D center, and a training institute. As part of the agreement, Ningbo will receive first manufacturing rights for NewCo products.

If the MOU materializes into a definitive agreement, Medigus shall initially hold 19.99% of NewCo’s share capital on a fully diluted basis in consideration for an initial investment of US$250,000, and may increase its holdings to up to 50.1% by investing up to an additional US$1,100,000 subject to NewCo’s achievement of the milestones as set forth in the MOU.

About Medigus

Medigus is traded on the Nasdaq Capital Market and the TASE (Tel Aviv Stock Exchange). To learn more about the company’s advanced technology, please visit www.medigus.com.

Cautionary Note Regarding Forward Looking Statements

This press release may contain statements that are “Forward-Looking Statements,” which are based upon the current estimates, assumptions and expectations of Medigus’ management and its knowledge of the relevant market. Medigus has tried, where possible, to identify such information and statements by using words such as “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “contemplate” and other similar expressions and derivations thereof in connection with any discussion of future events, trends or prospects or future operating or financial performance, although not all forward-looking statements contain these identifying words. For example, Medigus uses forward-looking statements in this press release when it discusses the MOU signed with the founders of EMuze, or when it discusses the joint venture it plans to form to develop and  potentially commercialize EV-based micro-mobility vehicles for urban and logistics transportation. These forward-looking statements represent Medigus’ expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved, due to inter alia the spread of COVID-19 as well as the restriction deriving therefrom. Nothing in the description herein should be understood or construed as an announcement of the signing of definitive agreements relating to the joint venture, incorporation of NewCo or any contract with Ningbo for the manufacture of EV products. By their nature, Forward-Looking Statements involve known and unknown risks, uncertainties and other factors which may cause future results of Medigus’ activity to differ significantly from the content and implications of such statements. Other risk factors affecting Medigus are discussed in detail in Medigus’ filings with the Securities and Exchange Commission. Forward-Looking Statements are pertinent only as of the date on which they are made, and Medigus undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Neither Medigus nor its shareholders, officers and employees, shall be liable for any action and the results of any action taken by any person based on the information contained herein, including without limitation the purchase or sale of Medigus’ securities. Nothing in this press release should be deemed to be medical or other advice of any kind.



Contact (for media only)
Tatiana Yosef
Chief Financial Officer
+972-8-6466-880
[email protected]

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Condor Hospitality Announces Modification to Its Loan Facility

Condor Hospitality Announces Modification to Its Loan Facility

NORFOLK, Neb.–(BUSINESS WIRE)–
Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the “Company”), has filed a Form 8-K on November 19, 2020 with the Securities and Exchange Commission on the closing of a modification to its loan facility led by KeyBank with participants Bank of Montreal and Huntington National Bank. The Company has also made available a November Investor Presentation on the Condor Hospitality Trust website providing a brief description of the transaction with additional supplemental information to the October Investor Presentation and the October Supplemental Presentation.

J. William Blackham, President and CEO stated, “Condor has completed a significant modification to the existing bank facility that provides a number of favorable terms such as an extended maturity date, the further delay of financial covenants compliance, the easing of financial covenants and ramping up over time once applicable, and the availability of additional capital to Condor among other favorable changes.” “Closing simultaneously with the modification agreement was a new bridge loan providing proceeds used entirely for the reduction of the bank facility with potential future conversion of the bridge loan balance into Condor common stock.” “The November Investor Presentation provides a summary description of each transaction as well as potential positive liquidity financial implications of the loan facility modification.”

About Condor Hospitality Trust, Inc.

Condor Hospitality Trust, Inc. (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (“MSAs”) with a particular focus on the top 20 to 60 MSAs. The Company currently owns 15 hotels in 8 states. Condor’s hotels are franchised by a number of the industry’s most well-regarded brand families including Hilton, Marriott, and InterContinental Hotels.

Forward-Looking Statement

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and in some cases, can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “anticipate”, “estimate”, “believe”, “continue”, “project”, “plan”, the negative version of these words or other similar expressions. Readers are cautioned not to place undue reliance on any such forward-looking statements.

All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to, changes in economic conditions generally and the real estate market specifically, legislative/regulatory changes (including changes to laws governing the taxation of real estate investment trusts), availability of capital, risks associated with debt financing, interest rates, competition, supply and demand for hotel rooms in our current and proposed market areas, policies and guidelines applicable to real estate investment trusts, risks related to uncertainty and disruption in global economic markets as a result of COVID-19 (commonly referred to as the coronavirus), and other risks and uncertainties described herein, and in our filings with the SEC from time to time. These risks and uncertainties should be considered in evaluating any forward-looking statements.

The forward-looking statements represent Condor’s views as of the date on which such statements were made. Condor anticipates that subsequent events and developments may cause those views to change. These forward-looking statements should not be relied upon as representing Condor’s views as of any date subsequent to the date hereof. Condor expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences.

Additional factors that may affect the Company’s business or financial results are described in the risk factors included in the Company’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Jill Burger

Interim Chief Financial Officer and Chief Accounting Officer

[email protected]

(402) 316-1012

KEYWORDS: Nebraska United States North America

INDUSTRY KEYWORDS: REIT Other Construction & Property Lodging Construction & Property Travel

MEDIA:

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Alkaline88® Adds IBA Foodservice to Accelerate Growth in the Hospitality Channel

Alkaline88® Adds IBA Foodservice to Accelerate Growth in the Hospitality Channel

  • A consortium of 30 brokers will offer the entire A88 beverage line to large regional accounts across the hospitality and foodservice industry.

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–
The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”) is a producer of premium bottled alkaline water, flavor-infused waters, and CBD-infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. Today, the Company announces that it has added a new foodservice broker, IBA Foodservice, to present the A88 family of beverage products to the entire hospitality channel.

“We now have two formidable partnerships in DOT Foods and IBA Foodservice to help us gain share in the Hospitality and Foodservice channel,” stated Ricky Wright, President and CEO of The Alkaline Water Company. “IBA is a highly respected professional foodservice sales and marketing organization comprised of thirty successful agencies. With deep, long-term market-by-market relationships, the IBA has stellar local expertise in a well-connected, collaborative, and nationally respected alliance of independent brokers. Between our two partners, we expect DOT Foods to provide access to large national accounts, and IBA to help us penetrate the large regional accounts across the entire hospitality and foodservice ecosystem. These partners give us the scale and scope to drive our growing lifestyle brands in the sizeable on-premise market estimated at over $14 billion by Beverage Marketing Corporation. This segment includes restaurants, hotels, airports, stadiums, hospitals, schools, colleges/universities, parks, golf courses, health and fitness clubs, coffee shops, etc. We expect our single-serves, including A88 Infused flavors, eco-friendly aluminum bottles, and A88CBD infused lemon-lime water to do exceptionally well in the channel.”

The Independent Broker Alliance (IBA)

The IBA is an alliance of 30 independently owned and operated foodservice sales agencies that engage with industry clients at the local, market, regional, and national levels. The IBA approach rests on a foundation of strategic, results-driven commitment to delivering objectives that ultimately produces a portfolio of success. The Team of over 500 professionals with extensive sales, marketing, and merchandising experience is based on integrity, commitment, passion, and performance. The IBA members are known for and proud of their culture of innovation, execution, and entrepreneurialism.

The Alkaline Water Company

Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts our trademarked label ‘Clean Beverage.’ Quickly being recognized as a growing lifestyle brand, Alkaline88® launched A88 Infused™ in 2019 to meet consumer demand for flavor-infused products. A88 Infused™ flavored water is available in six unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the Company launched A88 Infused Beverage Division Inc., which includes the Company’s CBD water and flavor-infused water. For the Company’s topical and ingestible offerings, A88 Infused Products Inc. includes both the Company’s lab-tested hemp extract salves, balms, lotions, essential oils, and bath salts, along with broad-spectrum hemp, powder packs, oil tinctures, capsules, and gummies.

To purchase A88CBD™ products online, visit us at www.A88CBD.com. To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn.

Notice Regarding Forward-Looking Statements

This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the following: the statement relating to the addition of IBA Foodservice to accelerate growth in the hospitality channel; that the Company expects DOT Foods to provide access to large national accounts, and IBA to help the Company penetrate the large regional accounts across the entire hospitality and foodservice ecosystem; and that the Company expects its single-serves, including A88 Infused flavors, eco-friendly aluminum bottles, and A88CBD infused lemon-lime water, to do exceptionally well in the hospitality and foodservice channel.

The material assumptions supporting these forward-looking statements include, among others, that the demand for the Company’s products will continue to significantly grow; that the past production capacity of the Company’s co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company’s products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company’s products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company’s products; and that the Company will be able to obtain additional capital to meet the Company’s growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products, including products containing hemp/CBD; the fact that consumers may not embrace and purchase any of the Company’s CBD-infused products; the fact that the Company may not be permitted by the FDA or other regulatory authority to market or sell any of its CBD-infused products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company’s sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company’s control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company’s ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.

The Alkaline Water Company Inc.

Richard A. Wright

President and CEO, or

Sajid Daudi

Director of Investor Relations & Corporate Communications

800-923-1910

[email protected]

Media

Jessica Starman

888-461-2233

[email protected]

KEYWORDS: Arizona United States North America

INDUSTRY KEYWORDS: Men Restaurant/Bar Other Retail Discount/Variety Supermarket Specialty Consumer Convenience Store Food/Beverage Retail Other Consumer Women

MEDIA:

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Carnival Corporation & plc Announces an Equity Offering and Repurchase of Convertible Notes

PR Newswire

MIAMI, Nov. 19, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), today announced that Carnival Corporation (the “Corporation”) priced a registered direct offering (the “Offering”) of an aggregate of 10.4 million shares (the “Shares”) of its common stock at a price of $17.59 per share to a limited number of holders (the “Holders”) of its 5.75% Convertible Senior Notes due 2023 (the “Convertible Notes”). The Corporation intends to use the proceeds from the Offering to repurchase from such Holders an aggregate of $90.8 million principal amount of its Convertible Notes (the “Note Repurchases,” and collectively with the Offering, the “Transactions”) in privately negotiated transactions.

On a net basis, the Corporation will not receive any proceeds from the Transactions and will pay customary fees and expenses in connection therewith. Therefore, the Transactions will not have a material impact on the Corporation’s cash position. Following the Note Repurchases, an aggregate of $536.7 million principal amount of the Corporation’s Convertible Notes will remain outstanding.

The Offering is expected to close on November 23, 2020, subject to customary closing conditions. The Note Repurchases are expected to close promptly following the closing of the Offering, subject to customary closing conditions.

Goldman Sachs & Co. LLC is acting as the exclusive placement agent for the Offering. PJT Partners LP is serving as independent financial advisor to the Corporation for the Transactions. A shelf registration statement relating to the Shares was previously filed with the U.S. Securities and Exchange Commission (“SEC”) and is effective. The Offering was made only by means of a prospectus supplement and an accompanying base prospectus. A preliminary prospectus supplement and accompanying base prospectus relating to the Offering have been filed, and a final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering may be obtained from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected].

This press release does not constitute an offer to sell or a solicitation of an offer to buy shares of common stock or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

About Carnival Corporation & plc
Carnival Corporation & plc is one of the world’s largest leisure travel companies with a portfolio of nine of the world’s leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.

Cautionary Note Concerning Factors That May Affect Future Results
Carnival Corporation and Carnival plc and their respective subsidiaries are referred to collectively in this press release as “Carnival Corporation & plc,” “our,” “us” and “we.” Some of the statements, estimates or projections contained in this document are “forward-looking statements” that involve risks, uncertainties and assumptions with respect to us, including some statements concerning the financing transactions described herein, future results, operations, outlooks, plans, goals, reputation, cash flows, liquidity and other events which have not yet occurred. These statements are intended to qualify for the safe harbors from liability provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts are statements that could be deemed forward-looking. These statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and the beliefs and assumptions of our management. We have tried, whenever possible, to identify these statements by using words like “will,” “may,” “could,” “should,” “would,” “believe,” “depends,” “expect,” “goal,” “anticipate,” “forecast,” “project,” “future,” “intend,” “plan,” “estimate,” “target,” “indicate,” “outlook,” and similar expressions of future intent or the negative of such terms.

Forward-looking statements include those statements that relate to our outlook and financial position including, but not limited to, statements regarding:

  • Pricing
  • Booking levels
  • Occupancy
  • Interest, tax and fuel expenses
  • Currency exchange rates
  • Net cruise costs, excluding fuel per available lower berth day
  • Estimates of ship depreciable lives and residual values
  • Goodwill, ship and trademark fair values
  • Liquidity and credit ratings
  • Adjusted earnings per share
  • The impact of the COVID-19 coronavirus global pandemic on our financial condition and results of operations

Because forward-looking statements involve risks and uncertainties, there are many factors that could cause our actual results, performance or achievements to differ materially from those expressed or implied by our forward-looking statements. This note contains important cautionary statements of the known factors that we consider could materially affect the accuracy of our forward-looking statements and adversely affect our business, results of operations and financial position. Additionally, many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the COVID-19 outbreak. It is not possible to predict or identify all such risks. There may be additional risks that we consider immaterial or which are unknown.  These factors include, but are not limited to, the following:

  • COVID-19 has had, and is expected to continue to have, a significant impact on our financial condition and operations, which impacts our ability to obtain acceptable financing to fund resulting reductions in cash from operations. The current, and uncertain future, impact of the COVID-19 outbreak, including its effect on the ability or desire of people to travel (including on cruises), is expected to continue to impact our results, operations, outlooks, plans, goals, reputation, litigation, cash flows, liquidity, and stock price;
  • As a result of the COVID-19 outbreak, we may be out of compliance with a maintenance covenant in certain of our debt facilities, for which we have waivers for the period through November 30, 2021 with the next testing date of February 28, 2022;
  • World events impacting the ability or desire of people to travel may lead to a decline in demand for cruises;
  • Incidents concerning our ships, guests or the cruise vacation industry as well as adverse weather conditions and other natural disasters may impact the satisfaction of our guests and crew and lead to reputational damage;
  • Changes in and non-compliance with laws and regulations under which we operate, such as those relating to health, environment, safety and security, data privacy and protection, anti-corruption, economic sanctions, trade protection and tax may lead to litigation, enforcement actions, fines, penalties and reputational damage;
  • Breaches in data security and lapses in data privacy as well as disruptions and other damages to our principal offices, information technology operations and system networks, including the recent ransomware incident, and failure to keep pace with developments in technology may adversely impact our business operations, the satisfaction of our guests and crew and lead to reputational damage;
  • Ability to recruit, develop and retain qualified shipboard personnel who live away from home for extended periods of time may adversely impact our business operations, guest services and satisfaction;
  • Increases in fuel prices, changes in the types of fuel consumed and availability of fuel supply may adversely impact our scheduled itineraries and costs;
  • Fluctuations in foreign currency exchange rates may adversely impact our financial results;
  • Overcapacity and competition in the cruise and land-based vacation industry may lead to a decline in our cruise sales, pricing and destination options;
  • Geographic regions in which we try to expand our business may be slow to develop or ultimately not develop how we expect; and
  • Inability to implement our shipbuilding programs and ship repairs, maintenance and refurbishments may adversely impact our business operations and the satisfaction of our guests.

The ordering of the risk factors set forth above is not intended to reflect our indication of priority or likelihood.

Forward-looking statements should not be relied upon as a prediction of actual results. Subject to any continuing obligations under applicable law or any relevant stock exchange rules, we expressly disclaim any obligation to disseminate, after the date of this document, any updates or revisions to any such forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based.

Cision View original content:http://www.prnewswire.com/news-releases/carnival-corporation–plc-announces-an-equity-offering-and-repurchase-of-convertible-notes-301177288.html

SOURCE Carnival Corporation & plc

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Tikun Olam Continues to Expand National Footprint Announces Collaboration with Pincanna to Produce Medical & Adult-Use Cannabis Products in Michigan

PR Newswire

NEW YORK and FARMINGTON HILLS, Mich., Nov. 19, 2020 /PRNewswire/ — Tikun Olam, the global leader in medical and adult-use/wellness cannabis products, and Pincanna, Michigan’s premier cannabis cultivator and distributor, have finalized an agreement to bring Tikun’s world-renowned cannabis products to Michigan in Spring 2021.

The collaboration combines Tikun’s history of unrivalled peer-reviewed research and clinical data with Pincanna’s expertise in formulating and delivering high-quality cannabis products to consumers.  Tikun Olam has been producing their proprietary research backed cannabis strains since 2005, including multiple award winners Erez, Midnight and Eran Almog, as well its world-renowned Avidekel strain.

“I grew up in Michigan, so it is especially meaningful to me that Tikun is being welcomed to the state,” said Bernie Sucher, CEO of Tikun Olam. “What’s really special, however, is who is doing the welcoming: Pincanna is an extraordinary organization. Its founders’ established support of cannabis research underlines our mutual long-term commitment to patients. We are thrilled to partner with Pincanna and help them fulfill their goal of delivering outstanding wellness products to the Michigan community.”

“We are honored to welcome Tikun to the Pincanna family of cannabis brands and to collaborate with one of the best cannabis companies in the world,” said Robert Nusbaum, founding partner, Pincanna. “With our shared mission of wellness, we look forward to launching Tikun’s internationally-recognized products throughout Michigan.”

About Tikun Olam

Tikun Olam (“Repair The World” in Hebrew) is the world’s leading cannabis brand – globally recognized as the pioneer of modern medical cannabis. Tikun’s products have been used since 2010 in ongoing clinical trials in Israel’s regulated medical cannabis market, treating patients for a variety of symptoms of medical conditions such as Cancer, PTSD, AIDS, epilepsy, Crohn’s Disease/Colitis, multiple sclerosis, cerebral palsy, and chronic pain. Tikun established itself in the U.S. in 2015 as a joint venture with Tikun Olam Ltd. (Israel). Tikun Olam also operates similar partnerships in Canada (NYSE: ACB), Greece and Australia, all in support of its global mission to educate the traditional medical community and its patients on the applications of cannabis as a scientifically proven wellness product. Visit www.tikunolam.com, and follow us on Facebook, Twitter, and Instagram.

About Pincanna

Farmington Hills, Michigan-based Pincanna, is a vertically integrated cannabis company, with a team that has won 45 Cannabis Cup awards for its unique proprietary marijuana strains. Pincanna’s state-of-the-art cultivation and manufacturing facility is housed on 185 acres in Pinconning, Michigan, which incorporates the company’s FARM: a 135,000-square-foot cultivation space with greenhouse and indoor environments – and LAB: a manufacturing facility focused on producing concentrates, edibles, topicals and other premium products, which are sold in numerous cannabis dispensaries throughout Michigan. The company operates its own retail store in Kalkaska, Michigan and plans to open numerous Pincanna MARKET retail stores throughout the state, building the best in class consumer experience. Pincanna – FARM. LAB. MARKET.

CONTACTS:

T.O. Global LLC/Tikun™

Stephen Gardner, Chief Marketing Officer
[email protected]

Pincanna

Stephanie Freedman, Chief Brand Officer
[email protected] 

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/tikun-olam-continues-to-expand-national-footprint-announces-collaboration-with-pincanna-to-produce-medical–adult-use-cannabis-products-in-michigan-301176496.html

SOURCE Tikun Olam

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Cyber Risk & Record Web Traffic May Disrupt 2020 Holiday Shopping

Imperva® report details the array of complex cyber attacks targeting online retailers

SAN MATEO, Calif., Nov. 19, 2020 (GLOBE NEWSWIRE) — Imperva, Inc., (@Imperva) the cybersecurity leader whose mission is to protect data and all paths to it, releases State of Security Within e-Commerce, a new threat intelligence report from Imperva Research Labs. The report illustrates the varying cybersecurity attack risks facing the retail industry and the impact the global pandemic had on the volume of attacks and web traffic. The findings suggest peak levels of traffic will be seen throughout the holiday shopping season as a flood of consumers turn to online channels to purchase goods.

As detailed in the Imperva Cyber Threat Index — a monthly measurement and analysis of the global cyber threat landscape across data and applications — shortly after stay-at-home orders were issued, web traffic to retail sites spiked by as much as 28 percent over the weekly average, eclipsing the record peaks from the 2019 holiday shopping season. Cybercriminals capitalized on the chaos and shift to a remote world by launching bad bot attacks and DDoS attacks with the goal of disrupting online activities. As retailers now prepare for a surge in online holiday shopping amid the on-going global pandemic, Imperva experts urge vigilance and preparedness on the part of online businesses.

The report details several concerning cyber attack trends:

  • Bad Bots abusing websites, mobile apps and APIs: Malicious automated attacks are a top threat to online retailers, a trend that has remained consistent before and during COVID-19. A majority of the attacks (98.04%) on online retailers detailed in the report originate from automated bot activity. Simple bots are used in the majority (44.15%) of these attacks and function by connecting to a single, ISP-assigned IP address. The leading sources for these attacks are the United States (30.93%), Russia (14.39%) and Ukraine (12.92%). Bots are also increasingly used as a competitive weapon by retailers who deploy bots for price scraping and inventory trackers to keep an eye on their industry rivals.

  • API Attacks: The volume of attacks on retailers’ APIs far exceeded average levels this year. The retail industry is an attractive target for cybercriminals because they retain sensitive payment data. According to Imperva researchers, the leading attack vectors for retail API attacks in 2020 are cross-site scripting (XSS) (42%) and SQL injection (40%).

  • Web Attacks: Cyber attacks targeting websites have already reached record levels so far in 2020. Imperva finds the three most common attacks to be remote code execution (RCE) (21%), data leakage (20%) and cross-site scripting (XSS) (16%). The vast majority of these attacks in the last 12 months (49%) were carried out against retail websites hosted in the U.S. by attackers using anonymity frameworks, a common method for concealing a bad actor’s identity from the target.

  • DDoS
    Attacks: Imperva researchers have seen an increase in the volume and intensity of DDoS attacks throughout 2020. Imperva researchers monitored an average of eight application layer DDoS attacks a month against online retail sites, with a significant peak occurring in April 2020, as demand for online shopping grew because of pandemic-related stay-at-home orders.

  • Account Takeover (ATO) Attacks: Online retailers experienced more than twice (62%) as many ATO attempts than any other industry this year. Criminals use considerably more (79%) leaked credentials to defraud retail targets because it typically guarantees a higher success rate, finds Imperva researchers.

  • Client-Side Attacks: Many online retail sites are built on CMS frameworks with a plethora of third-party plugins. On average, 31 JavaScript resources are used per site, making retailers vulnerable to forms of supply chain fraud such as formjacking, data-skimming and Magecart attacks.

“The holiday shopping season is a crucial revenue period for retailers every year, but in 2020, they face a two-pronged threat: managing unprecedented levels of human and attack traffic to their websites and APIs,” says Edward Roberts, Application Security Strategist, Imperva. “As COVID reshuffled lives and daily habits, shoppers swarmed online retail sites at record levels. Amid this historic holiday shopping season, the retail industry is likely to experience a peak in human traffic that exceeds anything measured this year and unlike anything in recent memory. The question is how many attackers are going to hide within this expected traffic spike?”

Roberts continues, “Imperva’s research shows that retailers face a myriad of complex cybersecurity threats today, a situation that’s been compounded by the global pandemic. However, managing a stack of point solutions to address each of these unique risks is a challenge for lean security teams. Instead, they should invest in an integrated platform, like Imperva Application Security, that provides protection against the leading attacks and optimizes web performance, helping businesses operate more efficiently and securely.”

How Imperva Helps Stop These Threats


Imperva Application Security
 provides multi-layered protection to make applications and websites always available, always user-friendly and always secure. The company’s flagship Web Application & API Protection (WAAP) solution stops advanced cybersecurity threats from a unified platform with multiple market-leading products: Web Application Firewall (WAF), DDoS protection, Runtime Application Self-Protection (RASP), API security, Advanced Bot Protection, Client-Side Protection, Content Delivery Network and Attack Analytics.

Additional Information:

  • Download the State of Security within E-Commerce report here
  • Learn more about the integrated Imperva Application Security product suite
  • Check out the Imperva Blog for the latest product and solution news, and threat intelligence from Imperva Research Labs

About Imperva


Imperva
 is the cybersecurity leader whose mission is to protect data and all paths to it. Imperva protects the data of over 6,200 customers from cyber attacks through all stages of their digital journey. Imperva Research Labs and our global intelligence community enable Imperva to stay ahead of the threat landscape and seamlessly integrate the latest security, privacy and compliance expertise into our solutions. 



Media Contact: 
Jonathan Gregalis
[email protected]