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SANUWAVE Health Reports Third Quarter 2020 Financial Results

 
Transformational Acquisition Positions for Significant Growth in Fourth Quarter 2020 and Beyond

SUWANEE, GA, Nov. 17, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — SANUWAVE Health, Inc. (OTCQB: SNWV), focused on the development and commercialization of a robust and innovative advanced wound care product portfolio for the repair and regeneration of skin and vascular structures, announced today financial results from the three months ended September 30, 2020.

Highlights of the Third Quarter and Recent Weeks

  • Achieved record revenue of approximately $2.0 million in the third quarter of 2020;
  • Closed the acquisition of UltraMIST® and the license to market BIOVANCE® and Interfyl® from Celularity;
  • Received regulatory approval from COFEPRIS and formed Joint Venture to market and distribute dermaPACE® to treat chronic wounds in Mexico and received ANVISA approval to market dermaPACE to treat chronic wounds in Brazil;
  • Participated in series of key medical meetings to enhance clinician awareness of dermaPACE and UltraMIST before audiences of leading wound care specialists;
  • Received reimbursement coverage for BIOVANCE from largest Medicare/Medicaid Administrator; and
  • Significantly strengthened patent portfolio.

Management Commentary

“The third quarter was transformational for SANUWAVE as we added UltraMist, BIOVANCE and Interfyl to our portfolio to create a market-leading provider of advanced wound care solutions that improves clinical outcomes across the continuum of care.  The combination of our two powerful wound care offerings was evidenced in our record revenue in the third quarter 2020; is expected to increase product revenue by approximately 50% in the fourth quarter; and should further accelerate our growth throughout 2021,” stated Kevin A. Richardson, II, Chairman and Chief Executive Officer of SANUWAVE Health.  “We are particularly pleased to have surpassed our integration timelines by three months and now have a cohesive team that is fully aligned and focused on achieving our goals to drive revenue and bring our suite of advanced wound care products to patients in need.” 

“Since closing the transaction in late August, we are off to a strong start and are pleased with the traction we are gaining in the market.  We continue to invest in having a strong presence at key medical conferences where we support the use dermaPACE and UltraMist before an audience of leading wound care clinicians.   In addition, we are now using data driven tools to pinpoint areas with the strongest addressable markets for our wound care solutions and are increasing our footprint in those geographies, where we are beginning to see the results of those initiatives.

“We expanded our geographic reach in Latin America with regulatory approvals for dermaPACE to treat chronic wounds in Mexico and Brazil.  Overall, international growth is expected to be strong with plans for nearly ten device placements in the fourth quarter. These placements should provide long-term recurring revenue as our partners gain traction through education and promotion of the clinical benefits of our advanced wound healing products in their respective regions,” concluded Mr. Richardson.

Third Quarter Financial Results

Revenues for the three months ended September 30, 2020 were $1,966,896, compared to $197,640 for the same period in 2019, an increase of $1,769,256, or 895%, which was primarily due to the acquisition of Celularity assets and licensing fees and international distribution fees, as compared to the prior year.

Cost of revenues for the three months ended September 30, 2020 were $548,406 compared to $122,923 for the same period in 2019. Gross profit as a percentage of revenues was 72% for the three months ended September 30, 2020, compared to 38% for the same period in 2019, primarily due to sales of UltraMist, BIOVANCE and Interfyl, which have a 60% gross profit and an increase in high-margin dermaPACE treatment fees.

Operating expenses for the three months ended September 30, 2020 were $7.2 million, compared to $2.5 million for the same period in 2019, an increase of $4.7 million, or 192%.

Research and development expenses for the three months ended September 30, 2020 were $432,155, compared to $299,903 for the same period in 2019, an increase of $132,252, or 44%, largely due to higher salary and related costs due to increased headcount as a result of the Celularity asset acquisition and Profile repackaging project in 2020.

Selling and marketing expenses for the three months ended September 30, 2020 were $1,373,475, compared to $335,472 for the same period in 2019, an increase of $1,038,003, or 309%, due to higher salary and related costs due to increased headcount as a result of the Celularity asset acquisition, higher commissions and higher costs for tradeshows.

General and administrative expenses for the three months ended September 30, 2020 were $5,054,508, as compared to $1,802,659 for the same period in 2019, an increase of $3,251,849, or 180%, due to increase in legal and consulting fees related to acquisition and increased operating costs such as utilities, rent, and IT services as a result of the acquisition.

Depreciation and amortization for the three months ended September 30, 2020 was $327,120, compared to $22,338 for the same period in 2019, an increase of $304,782 or 1,364%, due to goodwill recorded as a part of the acquisition and higher depreciation related to increase in fixed assets as a result of acquisition and leased dermaPACE devices.

Net loss for the three months ended September 30, 2020 was $6,181,9156, or ($0.02) per basic and diluted share, compared to a net loss of $2,748,018, or ($0.01) per basic and diluted share, for the same period in 2019, an increase in the net loss of $3,433,897, or 125%.

As of September 30, 2020, SANUWAVE Health had cash and cash equivalents of $5.4 million. Net cash provided by financing activities for the nine months ended September 30, 2020 was $35,615,857, which primarily consisted of $23,623,194 from private placement offerings, $13,346,547 from senior promissory notes, $2,450,000 proceeds from purchase of preferred stock, $1,100,000 from convertible notes, and $614,335 from SBA Loans. These proceeds were partially offset by debt payments of $5,457,663 and principal payments on financing leases of $114,806.  

About SANUWAVE Health, Inc.

SANUWAVE Health, Inc. (OTCQB:SNWV) (www.SANUWAVE.com) is focused on the research, development, and commercialization of its patented noninvasive and biological response activating medical systems for the repair and regeneration of skin, musculoskeletal tissue, and vascular structures.  Through its recent acquisition of Celularity’s UltraMIST® assets, SANUWAVE now combines two highly complementary and market-cleared energy transfer technologies and two human tissue biologic products, which creates a platform of scale with an end-to-end product offering in the advanced wound care market. 

SANUWAVE’s portfolio of regenerative medicine products and product candidates activate tissue regeneration biological signaling and angiogenic responses, producing new vascularization and microcirculatory improvement combined with tissue growth which helps restore the body’s normal healing processes. SANUWAVE applies and researches its patented energy transfer technologies in wound healing, orthopedic/spine, plastic/cosmetic and cardiac/endovascular conditions.

For additional information about the Company, visit 


www.


www sanuwave.com

.


Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with the regulatory approval and marketing of the Company’s product candidates and products, unproven pre-clinical and clinical development activities, regulatory oversight, the Company’s ability to manage its capital resource issues, competition, and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.

Contact:

SANUWAVE Health, Inc.
Kevin Richardson II
Chairman and Chief Executive Officer
978-922-2447
[email protected]

Anne Marie Fields
Managing Director
Rx Communications Group
[email protected]

-Tables to Follow-



    SANUWAVE HEALTH, INC. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
     
               
           September 30,     December 31, 
          2020   2019
      ASSETS    (Unaudited)     
CURRENT ASSETS          
  Cash and cash equivalents      $                    5,391,591    $                    1,760,455
  Accounts receivable, net of allowance for doubtful accounts                          1,395,815                               75,543
  Inventory                            2,539,475                             542,955
  Prepaid expenses and other current assets                               627,751                             125,405
  TOTAL CURRENT ASSETS                            9,954,632                          2,504,358
               
PROPERTY AND EQUIPMENT, net                               979,673                             512,042
               
RIGHT OF USE ASSETS, net                               442,197                             323,661
               
OTHER INTANGIBLE ASSETS, net                          14,198,799                                      –  
               
GOODWILL                            7,259,795                                      –  
               
OTHER ASSETS                                 31,010                               41,931
  TOTAL ASSETS      $                  32,866,106    $                    3,381,992
               
      LIABILITIES        
CURRENT LIABILITIES          
  Accounts payable      $                    2,322,192    $                    1,439,413
  Accrued expenses                            1,603,543                          1,111,109
  Accrued employee compensation                            2,544,768                          1,452,910
  Warrant liability                            6,440,249                                      –  
  Note payable                            4,000,000                                      –  
  Convertible promissory notes, related parties                            1,596,254                                      –  
  SBA loans                               321,821                                      –  
  Accrued interest                                382,926                                      –  
  Operating lease liability                               251,372                             173,270
  Finance lease liability                               187,416                             121,634
  Contract liabilities                                 65,037                               66,577
  Notes payable, related parties, net                                        –                            5,372,743
  Accrued interest, related parties                                        –                            1,859,977
  Short term notes payable                                        –                               587,233
  Line of credit, related parties                                        –                               212,388
  Advances from related parties                                        –                                 18,098
  TOTAL CURRENT LIABILITIES                          19,715,578                        12,415,352
               
NON-CURRENT LIABILITIES          
  Promissory note payable, net of debt issuance costs                        12,007,526    
  SBA loans                               142,514    
  Finance lease liability                               284,588                             271,240
  Operating lease liability                               222,815                             185,777
  Contract liabilities                                 45,519                             573,224
  TOTAL NON-CURRENT LIABILITIES                          12,702,962                          1,030,241
  TOTAL LIABILITIES                          32,418,540                        13,445,593
               
COMMITMENTS AND CONTINGENCIES          
               
      STOCKHOLDERS’ DEFICIT        
PREFERRED STOCK, par value $0.001, 5,000,000          
  shares authorized; 6,175 and 293 shares designated Series A and                                       –                                        –  
  Series B, respectively          
               
COMMON STOCK, par value $0.001, 600,000,000 (Note 18) shares authorized;        
  302,119,428 and 293,780,400 issued and outstanding in 2020 and        
  2019, respectively                               466,095                             293,781
               
ADDITIONAL PAID-IN CAPITAL                        143,086,771                      115,457,808
               
ACCUMULATED DEFICIT                      (143,043,935)                    (125,752,956)
               
ACCUMULATED OTHER COMPREHENSIVE LOSS                             (61,365)                             (62,234)
  TOTAL STOCKHOLDERS’ DEFICIT                               447,566                      (10,063,601)
  TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIT    $                  32,866,106    $                    3,381,992

  SANUWAVE HEALTH, INC. AND SUBSIDIARIES
  CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
  (UNAUDITED)
                     
         Three Months Ended     Three Months Ended     Nine Months Ended     Nine Months Ended 
         September 30,     September 30,     September 30,     September 30, 
        2020   2019   2020   2019
                     
REVENUES                
  Product    $                       1,321,248    $                          158,855    $                       1,465,147    $                          444,087
  License fees                                629,447                                  16,250                                639,447                                189,307
  Other revenue                                  16,201                                  22,535                                  94,194                                  59,185
    TOTAL REVENUES                             1,966,896                                197,640                             2,198,788                                692,579
                     
COST OF REVENUES                
  Product                                533,629                                  91,179                                637,369                                334,749
  Other                                  14,777                                  31,744                                  26,261                                  67,908
    TOTAL COST OF REVENUES                                548,406                                122,923                                663,630                                402,657
                     
GROSS MARGIN                             1,418,490                                  74,717                             1,535,158                                289,922
                     
OPERATING EXPENSES                
  Research and development                                432,155                                299,903                                983,816                                867,825
  Selling and marketing                             1,373,475                                335,472                             2,414,476                                901,031
  General and administrative                             5,054,508                             1,802,659                             9,529,218                             4,746,519
  Depreciation and amortization                                327,120                                  22,338                                491,891                                  40,150
    TOTAL OPERATING EXPENSES                             7,187,258                             2,460,372                           13,419,401                             6,555,525
                     
    OPERATING LOSS                           (5,768,768)                           (2,385,655)                         (11,884,243)                           (6,265,603)
                     
OTHER INCOME (EXPENSE)                
  Gain on warrant valuation adjustment                                865,916                                         –                                  865,916                                227,669
  Loss on extinguishment of debt                              (503,234)                                  (503,234)    
  Interest expense                              (690,659)                              (182,001)                              (831,348)                           (1,120,440)
  Interest expense, related party                                (61,334)                              (175,522)                              (431,070)                              (508,193)
  Loss on foreign currency exchange                                (23,836)                                  (4,840)                                (32,103)                                (13,199)
    TOTAL OTHER INCOME (EXPENSE), NET                              (413,147)                              (362,363)                              (931,839)                           (1,414,163)
                     
    NET LOSS                           (6,181,915)                           (2,748,018)                         (12,816,082)                           (7,679,766)
                     
OTHER COMPREHENSIVE INCOME (LOSS)                
  Foreign currency translation adjustments                                         –                                  (14,061)                                         –                                    13,152
    TOTAL COMPREHENSIVE LOSS    $                     (6,181,915)    $                     (2,762,079)    $                   (12,816,082)    $                     (7,666,614)
                     
LOSS PER SHARE:                    
  Net loss – basic and diluted    $                              (0.02)    $                              (0.01)    $                              (0.03)    $                              (0.04)
                     
  Weighted average shares outstanding – basic and diluted                         302,119,428                         211,423,362                         448,811,314                         181,088,995



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Qurate Retail, Inc. Announces Extension of Employment Agreement of President and CEO Mike George and Planned Retirement at the End of 2021

Qurate Retail, Inc. Announces Extension of Employment Agreement of President and CEO Mike George and Planned Retirement at the End of 2021

ENGLEWOOD, Colo.–(BUSINESS WIRE)–
Qurate Retail, Inc. (“Qurate Retail”) (Nasdaq: QRTEA, QRTEB) today announced that President and CEO Mike George has extended his employment agreement through the end of 2021 and will be retiring from the company at that time. The early announcement allows ample time for transition planning and an executive search process.

“After leading QVC and Qurate Retail for nearly half the life of the company, I will be retiring at the end of 2021. This decision was made with careful consideration for our company, team members, partners and shareholders,” said Mike George, President and CEO, Qurate Retail, Inc. “The company is well positioned to thrive in this new era of retail by providing differentiated experiences across traditional commerce and new media platforms. We have many strong leaders and a committed and passionate team who will continue to grow our business by providing unique products and an incredible customer experience across every touchpoint.”

“Mike George has provided strong leadership at Qurate Retail for fifteen years and successfully led the business through many challenges and changes, including most recently COVID-19. I’m very pleased that he has agreed to stay on for another year during which time the Board, Mike and I will work together to find the next leader of Qurate Retail,” said Greg Maffei, Qurate Executive Chairman. “We have strong internal candidates and will also consider external candidates to find the best leader to drive our future and further build upon Qurate Retail’s strong performance trajectory. I want to thank Mike for being a great partner over these many years and for his dedication to growing Qurate Retail to the benefit of our teams, customers, and shareholders.”

About Qurate Retail, Inc.

Qurate Retail, Inc. operates and owns interests in a broad range of digital commerce businesses. Qurate Retail, Inc.’s businesses and assets consist of QVC (and its subsidiaries, including HSN), Zulily and the Cornerstone Brands (collectively, the Qurate Retail Group) as well as various green energy and other investments.

Qurate Retail, Inc.

Courtnee Chun, 720-875-5420

KEYWORDS: United States North America Colorado

INDUSTRY KEYWORDS: Online Retail Fashion Other Retail Luxury Retail

MEDIA:

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Customers Bank Joins MaxMyInterest Platform to Offer Ultra-Fast Account Opening and Premium Interest Rates

Customers Bank Joins MaxMyInterest Platform to Offer Ultra-Fast Account Opening and Premium Interest Rates

Partnership another milestone in digitization journey.

WEST READING, Pa. & NEW YORK–(BUSINESS WIRE)–Customers Bank (NYSE: CUBI), a digital-first, fintech-forward financial institution with a growing national presence, today announced its nationwide collaboration with MaxMyInterest (Max)*, an intelligent cash management platform for individual clients and financial advisors.

“Customers Bank has demonstrated a commitment to innovation, and we are proud to welcome them to the Max platform,” said MaxMyInterest Founder and CEO Gary Zimmerman. “As a result of this collaboration, which leverages our patented Max Common Application, Max members can now earn an even higher yield on their cash in just a few clicks – without switching banks – while remaining confident their cash is FDIC-insured and same-day liquid.”

In an age when high net worth clients expect to bank when, where, and how they like, the clear winners are digital platforms that offer convenience, speed, security and access to the best financial products. Max represents an attractive way for individual clients to earn a higher yield on their cash. By utilizing industry-leading rapid account-opening technology, this integration allows Max members to open and begin funding an FDIC-insured Customers Bank high-yield savings account in less than one minute.

“We are pleased to be among a select group of partner banks on the Max platform. The collaboration with Max is the next step in our strategy to partner with market-leading fintech service providers to pioneer innovative financial products and services,” commented Customers Bank Vice Chairman & Chief Operating Officer Sam Sidhu. “The CB Max Savings account is one of our newest accounts designed to help our clients achieve their short- and long-term financial goals.”

Max helps depositors seamlessly and automatically distribute cash balances among multiple bank accounts, automatically seeking the highest yields, even as rates change. With Max, clients can earn more on their deposits through highly competitive yields while simultaneously benefitting from greater aggregate FDIC insurance coverage, one-click funds transfers, and consolidated tax reporting.

This year, Customers Bank partnered with several fintechs to participate in more than 108,000 SBA Paycheck Protection Program Loans nationwide with an aggregate value of more than $5.2 billion. In 2015, Customers Bank launched BankMobile to provide a compliant, mobile-first banking experience that is simple, affordable, and consumer-friendly. Named “Most Innovative Bank” by LendIt in 2019, BankMobile has a disruptive, multi-partner distribution model, known as “Banking-as-a-Service” (BaaS). BankMobile has partnered with T-Mobile Money and Google Money. “The Max partnership is another milestone in our digitization journey,” said Sidhu.

For more information or to open an account, visit MaxMyInterest.com.

* MaxMyInterest and Max are trademarks of Six Trees Capital LLC.

About Customers Bank

Customers Bank, a subsidiary of Customers Bancorp, Inc. a bank holding company, is a full-service super-community bank with assets of approximately $18.8 billion at September 30, 2020. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals and families. Services and products are available wherever permitted by law through digital-first apps, online portals, and a network of offices and branches. Customers Bancorp, Inc.’s voting common shares are listed on the New York Stock Exchange under the symbol CUBI. Additional information can be found on the company’s website, www.customersbank.com.

About MaxMyInterest

MaxMyInterest (“Max”), a service of Six Trees Capital LLC, offers a suite of tools for individuals and financial advisors that enable individual investors to earn dramatically higher yields on cash. Max automatically works to help ensure deposits earn the highest yield possible while remaining FDIC-insured. Today, Max members can earn up to 0.85% on FDIC-insured cash, compared to the national savings average of 0.05%. Learn more about Max’s solutions for self-directed investors at MaxMyInterest.com, for financial advisors at MaxForAdvisors.com, or for banks at MaxForBanks.com.

MEDIA

Customers Bank

David W. Patti

Director of Communications & Marketing

[email protected]

484-926-7109

MaxMyInterest

Celene Menschel

[email protected]

917-670-0892

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Technology Mobile/Wireless Finance Banking Professional Services Networks Internet Data Management Consumer Electronics

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Tetra Tech Wins $150 Million U.S. Navy Architect-Engineer Contract

Tetra Tech Wins $150 Million U.S. Navy Architect-Engineer Contract

PASADENA, Calif.–(BUSINESS WIRE)–Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Naval Facilities Engineering Command awarded the Company a $150 million, multiple-award, architect and engineering services contract to support facilities at locations worldwide.

Under this five-year contract, Tetra Tech will provide services for the modernization of systems related to fuel storage and distribution, emergency backup power, and fire protection and spill containment. Tetra Tech’s scientists and engineers will leverage high-end technology and advanced analytics to deliver innovative solutions in sustainable infrastructure design, including waterfront protection and stormwater management.

“The U.S. Navy has been a valued client for more than 50 years,” said Dan Batrack, Tetra Tech Chairman and CEO. “We look forward to continuing to use our Leading with Science®approach to support the Navy’s sustainable infrastructure initiatives.”

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions (“Future Factors”), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Risk Factors” included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

KEYWORDS: California United States North America Canada

INDUSTRY KEYWORDS: Professional Services Engineering Defense Manufacturing Consulting Contracts

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Easterly Government Properties to Participate at Nareit’s Virtual REITworld 2020 Investor Conference

Easterly Government Properties to Participate at Nareit’s Virtual REITworld 2020 Investor Conference

WASHINGTON–(BUSINESS WIRE)–
Easterly Government Properties, Inc. (NYSE:DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that management will participate in investor meetings at Nareit’s REITworld 2020 Investor Conference, taking place virtually from November 17 – 19, 2020. In addition, members of its management team will deliver a virtual company presentation to registered institutional investors at 10:30 am Eastern Time on November 19, 2020. More information about this year’s event is available here: https://www.reit.com/events/reitworld.

Electronic copies of the written materials to be provided to investors in connection with the meetings can be found in the Presentation section of the Company’s Investor Relations website at ir.easterlyreit.com.

About Easterly Government Properties, Inc.

Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA). For further information on the Company and its properties, please visit www.easterlyreit.com.

Easterly Government Properties, Inc.

Lindsay S. Winterhalter

Vice President, Investor Relations & Operations

202-596-3947

[email protected]

KEYWORDS: District of Columbia United States North America

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

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Dropbox Goes All in on Remote Work: Unveils New Features and Tools for Distributed Teams

Dropbox Goes All in on Remote Work: Unveils New Features and Tools for Distributed Teams

SAN FRANCISCO–(BUSINESS WIRE)–
Today Dropbox, Inc. (NASDAQ: DBX) unveiled the next iteration of its collaborative workspace—Dropbox Spaces—in addition to several new features that help teams get organized, collaborate, and keep work moving securely from anywhere. The news comes on the heels of the company’s recent Virtual First announcement, and demonstrates a holistic approach to leading the remote work revolution as more businesses embrace this long-term shift.

The sudden move to distributed work has introduced a unique set of challenges for teams. In a recent Economist Intelligence Unit study, remote workers reported increased working hours and volume of work, risk of miscommunication, and difficulty working with multiple collaborators. Dropbox aims to address these challenges and more with Dropbox Spaces 2.0, several new workflow features, and new enterprise security features and certifications.

“Since our founding, our customers have turned to Dropbox to get organized and work from anywhere,” said Dropbox co-founder and chief executive officer Drew Houston. “We’ve gone through a one-way door—the dramatic shift we’ve all experienced to distributed work will continue far beyond when the pandemic ends. While the shift to distributed work creates a lot of flexibility and opportunity, it also introduces new challenges and pain points that Dropbox is uniquely positioned to solve. By adopting a Virtual First approach ourselves, we’ll be able to design better products for this new environment. Our latest launch is an example of this.”

“These features make it easier for people to work as a distributed team, and support better governance and compliance,” said Wayne Kurtzman, Research Director, Social and Collaboration, IDC. “These features are designed to streamline communications and teamwork, and ensure their teams remain connected and productive from wherever they work.”

Improve team collaboration with Dropbox Spaces 2.0

Dropbox unveiled the next version of Dropbox Spaces: the virtual workspace that brings teams and projects together. Building toward the vision laid out for Dropbox Spaces last year, the product has evolved to help teams streamline their work, prioritize their day, and stay connected to move work forward. Initially introduced as an evolution of the shared folder, Spaces is now a standalone product that enables teams to collaborate with internal and external collaborators on projects—from kickoff to delivery. Spaces brings the best-loved collaboration features from across Dropbox into a single surface to help teams manage projects together. These include:

  • Project Spaces: Create a project Space to bring the internal team, external clients, content, timeline, and project tasks all into one organized place. It provides an intuitive surface for the project, so teams can contribute and collaborate together as they move the project forward.
  • Tasks: Prioritize what needs to be done and keep projects on track. Create, manage, assign, and comment on tasks across multiple projects. Attach project files to relevant tasks and manage personal to-do lists.
  • Content: Quickly find, add, and manage relevant project information. Users can easily add files (including traditional file types and cloud content, like Google Docs) directly to Spaces, and search for files across projects.
  • Meetings: Easily join, organize, and follow up on meetings from Spaces. Centralize important information like agendas, action items, and attendees in customizable meeting templates and embed meeting docs directly in a project Space. Automatically sync meeting docs to calendar invites so everyone stays on the same page.
  • Updates: Stay up to date with a shared team view of work in progress and project updates. Attach files to posts in the updates feed, respond to comments with text, an emoji, or link to a file.

Dropbox Spaces 2.0 is currently in private beta. Click here to request access.

Keep work moving no matter where you are

Dropbox is extending availability of several features to Dropbox Business users to help teams keep work moving. These include:

  • App Center: 30+ new appsadded to the Dropbox App Center to help teams discover and connect to more than 70 best-of-breed tools from Dropbox partners (now available in beta for select Business Standard and Advanced users)
  • Branded sharing: New enhancements make it even easier for businesses to establish their brands, and for admins to enable team individuals to customize their branding (now available to Business Advanced and above)
  • Traffic and insights: Helps users track engagement when sharing assets (now available to Business Advanced and above)
  • Follow: Helps users stay informed about activity on their most important shared folders (now available to all users)
  • Computer backup: Allows teams toautomatically back up their local Desktop, Documents, and Downloads folders to Dropbox, securely access them on the go, and easily retrieve the content even if their hardware fails or is lost (now available to all Business plans)
  • Dropbox Passwords Beta: Allows team members to store passwords in one secure place, sync across devices, and access from anywhere (now available to Dropbox Business teams on certain Dropbox Business plans with early access to the feature)

Starting today, all HelloSign users will also have access to a reimagined experience that guides them step-by-step through the process of uploading, preparing, and sending a document out for signature. This improvement makes it even easier for distributed teams to keep their most critical business agreements moving with eSignatures.

Maintain HQ-level security from home

Dropbox also announced several new security features to help businesses maintain employee privacy and security while managing complex distributed teams. These include:

  • Alerts and notifications provide admins with real-time detections of suspicious behavior, risky activity, and potential data leaks
  • Data classification gives admins the ability to label personal and sensitive data in order to take better precautions around protecting personal information
  • External sharing reports provide admins with insight into how data is shared outside of the company—including who is sharing, when they are sharing it, and what types of files are shared
  • Data retention has been added to Dropbox data governance features to enable users to prevent accidental deletion of content that is required by regulations to be held by a certain period of time (now available to all Dropbox Business teams as an additional purchase)

Interested admins can sign up for these security features in beta now.

In addition, Dropbox announced compliance with several new privacy and security standards including ISO 27701 Certification, Cloud Security Alliance GDPR Code of Conduct, NIST 800-171 Compliance, and support for FDA 21 CFR Part 11 Compliance. These new certifications ensure Dropbox meets the most stringent enterprise security standards.

As businesses around the world adapt to a distributed environment, Dropbox is at the forefront of developing the technology to support them. Dropbox provides a single organized place for teams’ content and all the collaboration around it. More details on Dropbox Spaces can be found here, and other new features for distributed teams here.

About Dropbox

Dropbox is one place to keep life organized and keep work moving. With more than 600 million registered users across 180 countries, we’re on a mission to design a more enlightened way of working. Dropbox is headquartered in San Francisco, CA. For more information on our mission and products, visit dropbox.com.

Tenika Small

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Internet Data Management Other Technology Technology Software

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Bill.com Launches Tailored Offering for Wealth Management Firms to Help Deliver Bill Pay Services for High-Net-Worth Clients

Bill.com Launches Tailored Offering for Wealth Management Firms to Help Deliver Bill Pay Services for High-Net-Worth Clients

PALO ALTO, Calif.–(BUSINESS WIRE)–
Bill.com (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses (SMB) today announced a new offering for wealth management firms supporting high-net-worth clients. The solution enables firms to shift from a cumbersome and time-intensive approach to an automated and secure bill payment process.

“We understand that trust is especially crucial for high-net-worth families and individuals, which is why we are excited to announce a tailored offering for assisting family offices and wealth management firms as they oversee high volumes of vital assets, cashflows, investments and more,” said Tom Clayton, Bill.com Chief Revenue Officer. “Our solution offers the ease-of-use, transparency and security needed for effectively handling the money management of these valuable clients.”

For the thousands of wealth management firms, accounting firms and banks managing high-net-worth clients, the multitude of daily challenges faced can seem insurmountable. These can include wealth management advisors manually entering and approving bills, managing large volumes of bill pay quickly and confidentially, keeping detailed records and audit trails of all the different payments that their clients may engage in, and maintaining visibility of separate accounts to have a complete view of clients’ bill pay activities. These challenges have been further exacerbated amidst today’s global pandemic, with many of these advisors working remotely and clients relying on paper-based payment processes through the mail.

Bill.com’s offering for wealth management firms leverages all the benefits of its automated platform while addressing the unique needs of wealth management firms including:

  • Automated bill payments: Bill.com auto-enters invoice details for review, saving 50 percent of time managing clients’ bill pay. Easily route clients’ bills and review notes through pre-determined approval workflows.
  • Multiple flexible and fast payment options: Payment options include ACH, check, cards and international wire transfers for business payments with the ability to make same-day or next-day payments for those bills that can’t wait.
  • One secure platform for ease-of-mind: Designed with clients’ security and privacy in mind, the Bill.com platform keeps all bank account information private from vendors by making digital payments through the Bill.com account. Enables easy access for clients from any device or location with 2-step verification where data in transit is securely encrypted.
  • Single integrated dashboard: Quickly and easily view outstanding to-do lists, retrieve any document or vendor records and see time-stamped audit-ready trails for every transaction.

“Bill.com has been a total game changer for our firm and we could not be happier with the move! It has transformed the way we service and engage with clients, allowing us to shift from a cumbersome and time-intensive process to a streamlined and secure digital platform,” said Josh Levine, whose firm, Cornerstone Family Office, provides wealth administration services for ultra-high net worth clients. “In doing so, we’ve reduced the time spent on accounts payables by at least 40 percent. Additionally, the move gave us the tools we needed to quickly adapt to the requirements of a remote work environment and enables us to provide the high-touch support needed to serve our families, without being physically tethered to our office.”

To learn more about Bill.com’s wealth management offering, please visit: https://www.bill.com/wealth-management/.

About Bill.com

Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments. The Bill.com AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflow. The company partners with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers. Bill.com has offices in Palo Alto, California and Houston, Texas. For more information, visit www.bill.com.

Oriana Branon

[email protected]

619-997-0299

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Professional Services Small Business Technology Software Finance Banking Accounting

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MediaAlpha to Report Third Quarter 2020 Financial Results on December 10, 2020

MediaAlpha to Report Third Quarter 2020 Financial Results on December 10, 2020

Event to be Webcast Live on the MediaAlpha Investor Relations Website

LOS ANGELES–(BUSINESS WIRE)–
MediaAlpha, Inc. (NYSE: MAX), today announced that it will release financial results for the third quarter of 2020 on Thursday, December 10, 2020 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

A live webcast of the call will be available on MediaAlpha’s Investor Relations website at https://investors.mediaalpha.com. To register for the webcast, click here.

Participants may also dial in, toll-free at (833) 350-1346 or (236) 389-2445, with passcode 2271129.

An audio replay of the conference call will be available for two weeks following the call at https://investors.mediaalpha.com.

Investors

Denise Garcia

Hayflower Partners

[email protected]

Press

SHIFT

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Professional Services Marketing Advertising Communications Technology Insurance Software

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CarLotz Appoints Tom Stoltz as Chief Financial Officer

CarLotz Appoints Tom Stoltz as Chief Financial Officer

Senior Finance Professional Tapped to Join Growing Executive Team

RICHMOND, Va.–(BUSINESS WIRE)–
CarLotz, Inc., (“CarLotz” or the “Company”), a leading consignment-to-retail used vehicle marketplace, which recently announced it would become a public company via a merger that is subject to certain closing conditions with special purpose acquisition company Acamar Partners Acquisition Corp. (“Acamar”) (Nasdaq: ACAM), announced today that Tom Stoltz has been appointed Chief Financial Officer, effective November 30, 2020. Stoltz will report to CarLotz CEO and co-founder Michael Bor.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117005844/en/

Stoltz, a veteran senior finance professional with close to three decades of public and private company experience, brings extensive retail industry expertise to the role and most recently served as the Chief Financial Officer of Chicago-based Portillos Hot Dogs. Previously, Stoltz held roles with Fortune 500 companies Dollar General and Food Lion, as well as senior roles at a number of retail industry public and private companies.

“CarLotz has experienced incredible growth in recent years, and the transaction to become a public company will take the Company to the next level,” said Michael Bor, CEO and co-founder of CarLotz. “As the business rapidly scales, we are fortunate to have Tom join with his deep knowledge and skill set, coupled with his strong retail experience. I am confident that Tom’s experience will help us grow the business and execute against our long-term goals.”

Additionally, Stoltz previously served as Chief Financial Officer and Chief Operating Officer of Body Central, a prime destination for trendy women’s apparel at affordable prices, where he led a change in control capital raising transaction. Prior to Body Central, Mr. Stoltz served as the Chief Financial Officer of Citi Trends, Cato Corporation, and Fanatics, where he led the M&A process in 2011 to sell the family business to GSI Commerce. He has completed two prior IPOs in his career at Factory Card and Party Outlet in 1996 and again with Citi Trends in 2005.

“I am thrilled to join the exceptional CarLotz team at this important inflection point in the growth of the Company,” said Stoltz. “CarLotz continues to produce exceptional annualized growth rates and the company’s future looks immensely promising as the only consignment-to-retail sales operation in the used vehicle industry. I am excited to build on CarLotz’ impressive track record of excellence and growth and look forward to working closely with Michael and the rest of CarLotz’ outstanding management team.”

Steve Carrel, Managing Director at TRP Capital Partners, a leading private equity fund in the transportation sector and investor in CarLotz, said, “Tom brings the right skill set and experience to CarLotz at a pivotal time in its growth trajectory. As the Company seeks to build out a national platform of hubs, and accomplish other critical growth initiatives, I’m confident Tom’s leadership and public company experience will help the company achieve its great potential.”

About CarLotz, Inc.

CarLotz is a used vehicle consignment and Retail Remarketing™ business that provides our corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the previously unavailable retail sales channel, while simultaneously providing buyers with prices that are, on average, below those of traditional dealerships. Our mission is to create the world’s greatest vehicle buying and selling experience. We operate a technology-enabled buying, sourcing and selling model that offers a seamless omni-channel experience and comprehensive selection of vehicles while allowing for a fully contactless end-to-end e-commerce interface that enables no hassle buying and selling. Our proprietary Retail Remarketing™ technology provides our corporate vehicle sourcing partners with real-time performance metrics and data analytics along with custom business intelligence reporting that enables price and vehicle triage optimization between the wholesale and retail channel. Through our marketplace model, we generate significant value for both sellers and buyers through price, selection and experience. For more information, visit www.carlotz.com.

About Acamar Partners Acquisition Corp.

Acamar Partners Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Acamar Partners Acquisition Corp. raised $305.6 million in its initial public offering in February 2019 (and subsequent exercise of the underwriters’ over-allotment option). The company’s securities are quoted on Nasdaq under the ticker symbols ACAM, ACAMW and ACAMU. For more information, visit www.acamarpartners.com.

Important Additional Information and Where to Find It

This communication is being made in respect of the proposed merger transaction involving Acamar Partners and CarLotz. Acamar Partners has filed a registration statement on Form S-4 with the Securities and Exchange Commission (the “SEC”), which includes a preliminary proxy statement of Acamar Partners, a preliminary prospectus of Acamar Partners and a preliminary consent solicitation statement of CarLotz, and will file other documents with the SEC regarding the proposed transaction. A definitive proxy statement/prospectus/consent solicitation statement will also be sent to the stockholders of Acamar Partners and CarLotz, seeking any required stockholder approval. Before making any voting or investment decision, investors and security holders of Acamar Partners and CarLotz are urged to carefully read the entire registration statement and proxy statement/prospectus/consent solicitation statement, when they become available, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. The documents filed by Acamar Partners with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov. In addition, the documents filed by Acamar Partners may be obtained free of charge from Acamar Partners at www.acamarpartners.com. Alternatively, these documents, when available, can be obtained free of charge from Acamar Partners upon written request to Acamar Partners Acquisition Corp., 1450 Brickell Avenue, Suite 2130, Miami, Florida 33131, or by calling 786-264-6680.

Participants in the Solicitation

Acamar Partners, CarLotz and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Acamar Partner in connection with the proposed merger. Information regarding Acamar Partners’ directors and executive officers is contained in Acamar Partners’ Annual Report on Form 10-K for the year ended December 31, 2019, which has been filed with the SEC and is available at the SEC website at www.sec.gov.

Additional information regarding the interests of these participants and other persons who may be deemed to be participants in the solicitation may be obtained by reading the registration statement and the proxy statement/prospectus/consent solicitation statement and other relevant documents filed with the SEC when they become available. Free copies of these documents may be obtained as described in the preceding paragraphs.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, forward-looking statements include statements that are not historical facts, such as statements concerning possible or assumed future actions, business strategies, events or results of operations, including statements regarding Acamar Partners’ and CarLotz’ expectations or predictions of future financial or business performance or conditions. Forward-looking statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or similar expressions.

Forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed in Acamar Partners’ registration statement on Form S-4 under “Risk Factors,” Acamar Partners’ Form 10-K for the year ended December 31, 2019 under “Risk Factors” in Part I, Item 1A and in Acamar Partners’ Form 10-Q for the quarterly period ended March 31, 2020 and Form 10-Q for the quarterly period ended June 30, 2020 under “Risk Factors” in Part II, Item 1A. These risk factors will be important to consider in determining future results and should be reviewed in their entirety.

In addition to risks previously disclosed in Acamar Partners’ reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: ability to meet the closing conditions to the merger, including approval by stockholders of Acamar Partners and CarLotz on the expected terms and schedule and the risk that regulatory approvals required for the merger are not obtained or are obtained subject to conditions that are not anticipated; delay in closing the merger; failure to realize the benefits expected from the proposed transaction; the effects of pending and future legislation; risks related to management’s focus on the proposed transaction rather than on the ongoing business operations of CarLotz; business disruption following the transaction; risks related to Acamar Partners’ or CarLotz’ indebtedness; other consequences associated with mergers, acquisitions and legislative and regulatory actions and reforms; risks of the automotive and used vehicle industries; the potential impact of COVID-19 on the used vehicle industry and on the CarLotz business; litigation, complaints, product liability claims or adverse publicity; the impact of changes in consumer spending patterns, consumer preferences, local, regional and national economic conditions, crime, weather, demographic trends and employee availability; new entrants in the consignment-to-retail used vehicle business; technological disruptions, privacy or data breaches, the loss of data or cyberattacks; and the ability to compete successfully with new and existing market participants.

Any financial projections in this communication are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond Acamar Partners’ and CarLotz’ control. While all projections are necessarily speculative, Acamar Partners and CarLotz believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation. The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections. The inclusion of projections in this communication should not be regarded as an indication that Acamar Partners and CarLotz, or their representatives, considered or consider the projections to be a reliable prediction of future events.

Forward-looking statements speak only as of the date they are made, and Acamar Partners and CarLotz are under no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that Acamar Partners has filed or will file from time to time with the SEC. Forward-looking statements are expressed in good faith, and Acamar Partners and CarLotz believe there is a reasonable basis for then. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved.

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Acamar Partners and is not intended to form the basis of an investment decision in Acamar Partners. All subsequent written and oral forward-looking statements concerning Acamar Partners and CarLotz, the proposed transaction or other matters and attributable to Acamar Partners and CarLotz or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

Investors:

[email protected]

Media:

[email protected]

KEYWORDS: Virginia United States North America

INDUSTRY KEYWORDS: Professional Services Retail Automotive General Automotive Other Retail Finance

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KEVIN LESLIE NAMED FIRST EXECUTIVE DIRECTOR OF THE HAMPTON ROADS BIOMEDICAL RESEARCH CONSORTIUM

Norfolk, VA, Nov. 17, 2020 (GLOBE NEWSWIRE) — Kevin Leslie has been named executive director of the new Hampton Roads Biomedical Research Consortium (HRBRC), a partnership between Old Dominion University, Eastern Virginia Medical School (EVMS) and Sentara Healthcare.

Recently approved by Gov. Ralph Northam and the General Assembly, the HRBRC aims to strengthen the relationship among the three institutions and to jump start more research collaboration as well as to ultimately generate health-care improvements in Hampton Roads, making it more efficient and less expensive.

“The state has commissioned a study to recommend the optimal structure for our partnership. But for now, the consortium’s first order of business is to mine the region’s vast collection of health-care data – stripped of personal information,” said Morris Foster, Old Dominion’s vice president for research who helped establish the framework for the consortium. “The resulting algorithms and applications could produce extensive benefits for our region, including wearable devices to monitor health and more pinpointed recommendations for patients.”

Leslie was previously the associate director of VCU Ventures, a division at Virginia Commonwealth University that helps faculty and staff launch startup companies with an eye to innovation in health care. He received his Ph.D. in biophysics from VCU and has worked as a senior scientist in the private sector.

“Kevin knows the biotech ecosystem in the commonwealth, and he’s well-versed in sources of funding opportunities, both on the public and private sides,” Foster said. “Under his direction, the consortium stands poised to build the biotech sector in Hampton Roads and catalyze more innovation.”

Dr. Jordan Asher, Sentara’s chief physician executive, expressed his appreciation for the commonwealth’s support and added: “We are excited to collaborate with ODU and EVMS in this new endeavor to advance research in the Hampton Roads region that will improve the health of our communities.”

“We welcome Kevin to the region and are excited to collaborate with him and our partners in the HRBRC to advance biohealth development and innovation,” said William Wasilenko, vice dean for research at EVMS.

Leslie believes the region as a whole could see a big economic-development boost.

“The HRBRC embodies what drives and excites me: the challenges of a startup, the pursuit of health equity, community building and working with diverse and talented people,” Leslie said. “The foundational pieces of a world-class pipeline are in place. Now, we finally have the opportunity to coordinate them in earnest.

“We’re going to advance science and medicine while holistically strengthening Hampton Roads, and I’m honored to be a part of it.”

According to Foster, Old Dominion’s faculty will benefit from increased opportunities for collaboration with colleagues at EVMS and Sentara and will become more competitive for NIH grants.

“Graduate students will also gain valuable experience in projects that will strengthen their dissertations and their scientific potential after they leave ODU,” he said.

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About Sentara

Sentara Healthcare celebrates more than 130 years in pursuit of its mission – “we improve health every day.” Named to IBM Watson Health’s 2018 “Top 15 Health Systems,” Sentara is an integrated, not-for-profit system of 12 hospitals in Virginia and Northeastern North Carolina, including a Level I trauma center, the Sentara Heart Hospital and the Sentara Healthcare Cardiovascular Research Institute, the Sentara Brock Cancer Center and the accredited Sentara Cancer Network, two orthopedic hospitals, and the Sentara Neurosciences Institute. The Sentara family also includes four medical groups, Nightingale Regional Air Ambulance and ground medical transport, home care and hospice, ambulatory outpatient campuses, advanced imaging and diagnostic centers, a clinically integrated network, the Sentara College of Health Sciences and the Optima Health Plan and Virginia Premier Health Plan serving 858,000 members in Virginia, North Carolina and Ohio. With nearly 30,000 employees and ranked one of Forbes “America’s Best Employers” in 2018, Sentara is strategically focused on clinical quality and safety, innovation and creating an extraordinary health care experience for our patients and members.

About Eastern Virginia Medical School (EVMS)

EVMS was founded by the community to improve health through education, research and patient care. The collaborative culture of EVMS attracts like-minded students and faculty from all over the world, encourages a multidisciplinary approach to healthcare and emphasizes translational research. In just less than 50 years, the school has grown from an inaugural class of 24 to nearly 1,400 students and an economic footprint exceeding $1.2 billion annually in Southeastern Virginia. Learn more at evms.edu.

 

About Old Dominion University: 

Old Dominion University is Virginia’s entrepreneurial-minded doctoral research university with more than 24,000 students, rigorous academics, an energetic residential community and initiatives that contribute $2.6 billion annually to the commonwealth’s economy.

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Keith Pierce, APR
Old Dominion University
757-683-5005
[email protected]