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State Street Appoints Rick Lacaille to Newly-Created Role of Senior Investment Advisor to Lead Company-Wide ESG Program

State Street Appoints Rick Lacaille to Newly-Created Role of Senior Investment Advisor to Lead Company-Wide ESG Program

Lori Heinel Promoted to Global Chief Investment Officer of State Street Global Advisors

BOSTON–(BUSINESS WIRE)–
State Street Corporation (NYSE: STT) today announced that it has appointed Richard F. Lacaille to the newly-created role of senior investment advisor and has promoted Lori Heinel to global chief investment officer for State Street Global Advisors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201119005406/en/

Rick Lacaille (Photo: Business Wire)

Rick Lacaille (Photo: Business Wire)

In his new role, Lacaille will provide enterprise-wide leadership of the company’s Environmental, Social and Governance (ESG) solutions, services and thought leadership across all of State Street’s businesses. Lacaille will report to Ronald O’Hanley, chairman and chief executive officer of State Street Corporation.

For many years, State Street has been at the forefront of innovation across its businesses, developing best-in-class ESG capabilities including reporting and analytics tools, premier academic research, and investment solutions and products. With client demand for ESG servicing, guidance and investment solutions continuing to increase, Lacaille will ensure State Street’s ESG efforts and strategies are well-coordinated and optimized to serve clients’ evolving needs.

“With more than two decades of leadership at State Street Global Advisors and his role as chair of State Street’s executive corporate responsibility committee, Rick is absolutely the right leader to take our firm’s ESG efforts to the next level,” said O’Hanley. “We believe ESG considerations drive long-term value for investors, and will only become increasingly more important as drivers of return and risk. Rick and his team have developed innovative strategies to help thousands of institutions and intermediaries world-wide and the millions of people they serve. His background, combined with his holistic view of our strategy and strong client focus, ideally positions him for this new role.”

Lori Heinel, who joined State Street Global Advisors in 2014 as chief portfolio strategist and has served as deputy global chief investment officer since 2016, will assume the role of global chief investment officer. She has been a driving force for a number of key initiatives across the business including implementing consideration of financially material ESG issues throughout the investment process. In her role, Heinel will oversee the full spectrum of industry-leading investment capabilities from index funds and ETFs to active, multi-asset class solutions and alternative investments. She will lead an investment team of more than 600 professionals globally. Heinel will report to Cyrus Taraporevala, president and chief executive officer of State Street Global Advisors.

“Lori taking the reins as global chief investment officer will bring to fruition years of succession planning,” said Taraporevala. “Lori is a change leader who I believe is strongly positioned to lead State Street Global Advisors’ Investments team, as we continue the investment innovation which has been a hallmark of our strategy for decades.”

“Lori and I have worked closely together for the past six years and her investment expertise coupled with her exceptional client-driven perspectives, will enable her to deliver solutions to meet a diverse array of client needs,” said Lacaille. “With her keen understanding of the role ESG plays in portfolios, I know she’ll continue to be a great partner to me in my expanded company-wide role as we build on the great strides we’ve made to advance the ESG conversation.”

“I look forward to continuing to partner with Rick as State Street takes the next steps on its ESG journey under his leadership,” added Heinel. “In taking on the role of global chief investment officer, I’m energized by the strong team we’ve built and its well-deserved reputation for combining investment expertise with client service. I look forward to leading the charge to help our clients navigate markets in search of successful investment outcomes.”

Lacaille and Heinel will assume their respective new roles by March 31, 2021 after a careful and deliberate transition.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $36.6 trillion in assets under custody and/or administration and $3.1 trillion* in assets under management as of September 30, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.

*Assets under management as of September 30, 2020 includes approximately $81 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

© 2020 State Street Corporation – All Rights Reserved

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Olivia Offner

[email protected]

+16176620198

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Lori Heinel (Photo: Business Wire)
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Thinking about buying stock in Sundial Growers, HL Acquisitions, Intel Corp, Titan Pharmaceuticals, or Nokia?

PR Newswire

NEW YORK, Nov. 19, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for SNDL, HCCH, INTC, TTNP, and NOK.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

 

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SOURCE InvestorsObserver

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RETA ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against Reata Pharmaceuticals, Inc. – RETA; IMPORTANT DEADLINE – RETA

NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) — Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Reata Pharmaceuticals, Inc. (NASDAQ: RETA) from October 15, 2019 through August 7, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Reata Pharmaceuticals, Inc. investors under the federal securities laws.

To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:  (1) the MOXIe Part 2 study results were insufficient to support a single study marketing approval of omaveloxolone for the treatment of Friedreich’s ataxia (“FA”) in the U.S. without additional evidence; (2) as a result, it was foreseeably likely that the FDA would not accept marketing approval of omaveloxolone for the treatment of FA in the U.S. based on the MOXIe Part 2 study results; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than December 14, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.

Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
——————————-

Contact:  
Vik Pawar, Esq.  
Pawar Law Group  
20 Vesey Street, Suite 1410  
New York, NY 10007  
Tel: (917) 261-2277  
Fax: (212) 571-0938  
[email protected]  



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Valvoline Instant Oil Change Partners With American Cancer Society Raising Over $69,400 To Fight Cancer

PR Newswire

NEWTON, Mass., Nov. 19, 2020 /PRNewswire/ — During October, participating Valvoline Instant Oil Change SM (VIOC) locations raised over $54,300 by offering customers the opportunity to help raise needed dollars to support American Cancer Society (ACS) and its Road To Recovery program. The program transports cancer patients to potentially life-saving treatment appointments. For an even bigger impact, customers could download a coupon from ValvolineFightsCancer.com and for every coupon redeemed, VIOC donated an additional five dollars to ACS. This initiative raised another $15,110 for the American Cancer Society making the campaign total over $69,400. To date, Valvoline Instant Oil Change has helped contribute over $180,000 to the ACS.

“The generosity of the communities we serve amazes me as we’ve now raised over $180,000 to help this life-changing organ”

The campaign, “DON’T PUT IT OFF!”, was driven by reports showing that due to the pandemic 46% fewer patients were being diagnosed with cancer. Meaning many cancers wouldn’t be discovered until their advanced stages when they are more difficult to treat. In support of ACS, VIOC reminded everyone that just like maintaining fluids in their vehicle prevents major repairs, getting recommended cancer screenings does the same for their body.

“We are excited to have partnered with ACS these past four years,” said Don Smith, CEO of Henley Enterprises, Inc., VIOC’s largest franchisee. “The generosity of the communities we serve amazes me as we’ve now raised over $180,000 to help this life-changing organization.”

Visit www.ValvolineFightsCancer.com for more information.

About Valvoline™

Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. It operates and franchises approximately 1,400 quick-lube locations, and is the No. 2 chain by number of stores in the United States under the Valvoline Instant Oil ChangeSM brand. To learn more, visit www.valvoline.com.

About Henley Enterprises, Inc.

Founded in 1989, Henley Enterprises, Inc. is the largest Valvoline Instant Oil Change franchisee. They operate more than 200 quick-lube service centers in 11 states including: California, Delaware, Florida, Louisiana, Massachusetts, Maryland, New Hampshire, New Jersey, Pennsylvania, Rhode Island and Virginia.

About the American Cancer Society

The American Cancer Society is a global grassroots force of 1.5 million volunteers dedicated to saving lives, celebrating lives, and leading the fight for a world without cancer. From breakthrough research, to free lodging near treatment, a 24/7/365 live helpline, free rides to treatment, and convening powerful activists to create awareness and impact, the Society is the only organization attacking cancer from every angle. For more information go to www.cancer.org.

FOR FURTHER INFORMATION

Valvoline Instant Oil Change           


Cindy Hudson


[email protected]                                                                                                                                                      

American Cancer Society


Kari Dahlstrom


[email protected]

(206) 919.4497

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SOURCE Henley Enterprises, Inc.

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Cannabis Sales Expected to Reach Approximately $270M Over Thanksgiving Weekend

PR Newswire

DENVER, Nov. 19, 2020 /PRNewswire/ — New business intelligence from Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), anticipates a 78% increase over average daily sales for 2020 during the Thanksgiving weekend (11/25 – 11/28), totaling approximately $270 million.

“On average, Thanksgiving tends to be one of the Top 5 sales holidays of the year, and we expect that trend to continue this year,” said James Ahrendt, Business Intelligence Architect, Akerna. “In the past, we’ve seen huge spikes in sales on Wednesday and Friday since most dispensaries are closed on Thursdays.”

Akerna anticipates that the average order total will be around $82.30 for adult-use customers and $128.46 for medical consumers, representing an increase of approximately $13 compared to the average order total on any other given day of the year.

Additional Thanksgiving Holiday Predictions:

Sales by product type:

  • Flower – 42%
  • Cartridge/Pens – 37%
  • Concentrates – 11%
  • Infused Edibles – 8%
  • Other – 2%

Sales by Gender

  • Male – 64%
  • Female – 36%

Sales by age group:

  • Under 30 – 28%
  • 30-40 –30%
  • 40-50 – 19%
  • 50-60 –12%
  • Over 60 – 11%

About MJ Freeway

MJ Freeway is more than software as a service. Its flagship solution, MJ Platform, includes Platform Insights. Now operators, investors, and regulators can access the industry’s largest and most statistically relevant database to drive data-driven business decisions.

Platform Insights provides:

  • The greatest statistical relevance across countries
  • Normalized data (not farmed from various disparate POS platforms)
  • Full cannabis supply chain data
  • Business insights founded in category management methodology

Platform Insights can eliminate the guesswork and provide answers to questions like:

  • What is the gross margin return on inventory?
  • What SKUs should be carried?
  • How do basket adjacencies influence discounting and retention strategies?
  • What does a medical market look like a year or five years after decriminalizing cannabis?


Click here
 for more information about MJ Platform.

About Akerna:

Akerna (Nasdaq: KERN) is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industry. First launched in 2010, Akerna has tracked more than $20 billion in cannabis sales to date and is the first cannabis software company listed on Nasdaq. The Company’s cornerstone technology, MJ Platform, the world’s leading infrastructure as a service platform powers retailers, manufacturers, brands, distributors, and cultivators.

For more information, visit https://www.akerna.com/ 

About the Akerna Flash Report:

Flash Report is a look at buying trends in the cannabis market as captured by Akerna’s MJ Freeway subsidiary. MJ Freeway provides operators with MJ Platform, the industry-leading solution for regulatory compliance technology, from seed-to-sale-to-self. Some instances of the flash report may include business intelligence derived from Akerna’s family of companies, including Ample Organics, Leaf Data Systems, solo sciences, and Trellis.

**Data is derived from MJ Platform, the leading provider of cannabis compliance software for the marijuana industry. Reporting Data is obtained from operators using Akerna’s MJ Platform solutions. Increases are relative to the prior period. Additional business intelligence data sources may include proprietary tools used by Akerna’s family of companies.

Forward-Looking Statements:

Certain statements made in this release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Such forward-looking statements include but are not limited to statements regarding the ability of the MJ Platform team to help operators make decisions through analytics and reporting. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of significant known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside Akerna’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others that may affect actual results or outcomes, include (i) Akerna’s ability to maintain relationships with customers and suppliers and retain its management and key employees, (ii) changes in applicable laws or regulations, (iii) changes in the market place due to the coronavirus pandemic or other market factors, (iv) and other risks and uncertainties disclosed from time to time in Akerna’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein.  You are cautioned not to place undue reliance on forward-looking statements. All information herein speaks only as of the date hereof, in the case of information about Akerna, or the date of such information, in the case of information from persons other than Akerna. Akerna undertakes no duty to update or revise the information contained herein. Forecasts and estimates regarding Akerna’s industry and end markets are based on sources believed to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

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SOURCE Akerna

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Temenos Recognized as a Market Leader in Omdia’s Digital Banking Platform Report

Temenos Recognized as a Market Leader in Omdia’s Digital Banking Platform Report

  • Omdia gives Temenos Infinity top scores for product experience and solution innovation
  • SaaS-based Temenos Infinity named market-leading digital platform based on its combination of market impact, solution capabilities, and customer experience
  • Based on the report, Temenos is one of the vendors with the strongest market presence – Temenos Infinity is now used by over 650 banks helping them transform customer experience and increase digital revenues by up to 5x

GENEVA–(BUSINESS WIRE)–
Temenos (SIX: TEMN), the banking software company, today announced that Omdia, a leading technology analyst and consulting firm, recognized Temenos as a market leader in the report “Omdia Universe – Selecting a Digital banking Platform” based on its combination of market impact, solution capabilities, and customer experience. Temenos Infinity digital banking platform gained the top scores for product experience and solution innovation. Download the report here.

In Omdia’s report, Temenos Infinity, the market-leading SaaS omnichannel digital banking product, scored consistently well in all areas thanks to an all-inclusive platform that can be adapted for all types of bank or geography. Omdia stated that customers praised the usability of the platform and the fact that business benefits were above expectations after implementation. Temenos is also acknowledged in the report as having one of the strongest market presence of all vendors.

Temenos has seen accelerated demand for Temenos Infinity across challengers and incumbent banks. The company has invested over US$1 billion in the last few years to acquire leading US-based SaaS companies Kony and Avoka and accelerate its digital banking capabilities.

Omdia’s report highlights that Temenos has fully integrated its acquisitions of Kony and Avoka into the Temenos Infinity platform. This has enabled Temenos to showcase its full capabilities, including onboarding, AI-led decision-making, and employee empowerment. Temenos Infinity offers an optimized digital banking experience, which Omdia states is integral to the future success or, possibly, survival of a bank.

Max Chuard, Chief Executive Officer, Temenos said: “We are proud to be recognized as a leader by Omdia. This is a testament to the innovation of our digital banking platform and our growing investment in people and in R&D over the last few years. We are seeing great customer demand for digital banking delivered as SaaS and we expect this trend to continue. We help banks of all tiers and all sizes from tier ones, to credit unions to challenger banks transform their digital customer experience and deliver more value to their customers.”

Philip Benton, Senior Analyst, Omdia, said: “Infinity has an impressive array of analytics tools at its disposal, with the platform designed for hyper-personalization. Temenos’ strengths lie in providing an excellent user experience, for both business and end users, and an impressive product roadmap that aligns well with future market trends.”

Temenos has a global customer base with more than 650 financial institutions using Temenos Infinity including HSBC, Regions and BlueShore to name but a few. Temenos addresses banks of all tiers. According to Omdia, the integration of Kony’s capabilities enable the platform to meet the more complex and partner-based requirements of top-tier banks.

Temenos Infinity helps banks succeed in the New Normal. It drives exceptional, personal customer experiences by combining digital technology with a human touch. With its advanced analytics, it drives customer acquisition and digital banking engagement, enabling financial institutions to increase digital revenues 5x and cut customer onboarding time by 75%. Financial institutions that use Temenos Infinity report a 20% higher Net Promoter Score.

– Ends –

About Temenos

Temenos AG (SIX: TEMN) is the world’s leader in banking software. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 1.2 billion banking customers. Temenos offers cloud-native, cloud-agnostic and AI-driven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel customer experiences and gain operational excellence.

Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks’ IT investment is adding tangible value to their business.

For more information, please visit www.temenos.com.

Media Contacts

Jessica Wolfe & Scott Rowe

Temenos Global Public Relations

Tel: +1 610 232 2793 & +44 20 7423 3857

Email : [email protected]

Alistair Kellie & Andrew Adie

Newgate Communications on behalf of Temenos

Tel: +44 20 7680 6550

Email: [email protected]

KEYWORDS: Switzerland Europe

INDUSTRY KEYWORDS: Professional Services Data Management Technology Software Consulting Banking

MEDIA:

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Mphasis Acquires Datalytyx, a DataOps specialist in the Snowflake and Talend ecosystem

PR Newswire

NEW YORK, Nov. 19, 2020 /PRNewswire/ — Mphasis, (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specialising in cloud and cognitive services, announced today, its acquisition of Datalytyx, a leading next-gen data engineering and consultancy company. Headquartered in London, United Kingdom, Datalytyx provides Next-gen Data Engineering, Data Ops and Master Data Management solutions on Snowflake and Talend environments to clients globally. As the first Snowflake Rockies Partner in the UK, a Snowflake Select Solutions Partner, and a Platinum VAR partner of Talend, Datalytyx provides services for modern data projects enabling faster, more accurate analysis and Artificial Intelligence (AI).

Since its inception, Datalytyx has been supporting modern data projects by providing a managed data platform for analytics and machine learning, using best-in-class data tools. The company integrates client environments with platforms from its partners – Talend and Snowflake, creating a single integrated platform for Data and AI. Through its best and brightest talent (including engineers, scientists, and analysts) and data expertise, Datalytyx, has been driving digital transformation for its clients.

“Every enterprise needs the ability to turn raw data into actionable information at scale, the recent worldwide crisis has only accelerated this need. Data and analytics combined with artificial intelligence, will continue to play a dominant role to predict, prepare and respond to changing needs of the business,” said Nitin Rakesh, CEO and Executive Director, Mphasis. “Together with Datalytyx and its highly skilled data professionals, we believe Mphasis is distinctively positioned to further fuel our worldwide clients’ transformational projects. This acquisition will not only strengthen our next-gen data strategy but will also be a significant milestone in our journey to build capabilities relevant to the digital priorities of our clients.”

“We are delighted to be a part of the Mphasis family and firmly believe that the collective vision and capabilities will lay a strong foundation for the future. Our combined expertise will be central to Mphasis’ next-gen data strategy and will further drive our clients’ digital transformation in Global markets,” said John Webb, Co-Founder, Datalytyx.

“Datalytyx played a critical role when Snowflake opened up Europe in February 2017 and they have continued to invest and support us during this hyper-growth period. From day one, Datalytyx has supported us in data modernisation projects, providing a managed data platform for analytics and machine learning, creating a single integrated platform for Data and AI. We are excited to see the acquisition of Datalytyx, by Mphasis as strategic in becoming a global leader in this space. The foundations have been firmly laid, which give us all a platform for scale and immense opportunity,” said Tim Alexander, Director of Alliances EMEA, Snowflake.

“Since working with the Datalytyx team, the company has been supporting modern data projects with Talend at the forefront providing a managed data platform for analytics and machine learning, using best-in-class data tools creating a single integrated platform for Data and AI. Datalytyx has been instrumental in aligning with Talend’s customers, sales teams, and technology partners to provide modern data stacks to tackle the problems that companies face with a modern approach to advanced analytics. We applaud Mphasis’ acquisition of Datalytyx as a great move to enhancing them both with capability and capacity to become a global leader in this space,” said Rolf Heimes, Global Head of Business Development, Talend.

Safe Harbor:

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, wage increases in India, our ability to attract and retain highly skilled professionals, our ability to manage our international operations, reduced demand for technology in our key focus areas, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies, and general economic conditions affecting our business and industry. We may, from time to time, make additional written and oral forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

About Mphasis

Mphasis (BSE: 526299; NSE: MPHASIS), applies next-generation technology to help enterprises transform businesses globally. Customer centricity is foundational to Mphasis and is reflected in Mphasis’ Front2Back™ Transformation approach. Front2Back™ uses the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C2 TM=1) digital experiences to clients and their end customers. Mphasis’ Service Transformation approach helps ‘shrink the core’ through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis’ core reference architectures and tools, speed and innovation with domain expertise and specialization are key to building strong relationships with marquee clients. Click here to know more.

 

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SOURCE Mphasis

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Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) Announces Increased Distribution with Circle K and 7-ELEVEN

GRANT, FL., Nov. 19, 2020 (GLOBE NEWSWIRE) — via InvestorWire – Kaival Brands Innovations Group, Inc. (OTCQB: KAVL) (“Kaival Brands,” the “Company,” or “we”), is the exclusive global distributor of products manufactured by Bidi Vapor, LLC (“Bidi Vapor”). Bidi Vapor’s primary offering, the BidiTM Stick, is the fastest-growing closed system vaping product in the U.S. The tamper-proof BidiTM Stick is also the only vape product on the market with an, ecologically friendly, mass recycling program. Kaival Brands also recently launched Bidi Vapor’s BidiTM Pouch, a tobacco-free nicotine pouch.

Throughout 2020, Kaival Brands has significantly increased the distribution of BidiTM Stick products through national retailers Most notably, Kaival Brands anticipates that by the end of 2020, it will have expanded the presence of Bidi Vapor products in Circle K stores from more than 2,000 stores to more than 5,000 stores. Concurrent with the Circle K rollout, Kaival Brands has secured commitments to add thousands of new retail locations beginning in December through January 2021 from several top tier c-store partners including 7-ELEVEN, resulting in an overall 30,000 store nationwide rollout.

In addition to a presence in brick and mortar stores, the Company is also tapping into the growing digital delivery sphere. Bidi Vapor products are available on the digital delivery service app “GoPuff.” With this partnership, products will be accessible via the app in more than 50 cities across America.

The unrivaled Bidi Vapor experience coupled with significant store growth has led to explosive revenue growth throughout the 2020 fiscal year. Kaival Brands’ revenue for the three and six months ended April 30, 2020, exceeded $22 million.  In the third quarter of 2020, revenues were approximately $32 million, representing revenue growth of approximately 44%, as compared to the second quarter of 2020. Chief Executive Officer Niraj Patel is optimistic about Kavial Brand’s continued growth stating, “Demand for the BidiTM Stick, along with new store commitments, has led to pre-sale numbers for November 2020 that are higher than total revenue reported for the second quarter of 2020. The quality of the BidiTM Stick, our stewardship of the environment, and our strict compliance process around minors has created a loyal customer base.”

When discussing the current market capitalization versus current revenue, Patel stated, “We believe given our revenue and growth profile that our market capitalization represents a lack of appreciation and understanding of Kavial Brands and the Bidi Vapor brand in the public market. We are taking steps to remedy what we perceive as a profound mismatch and will continue to update the investor community of significant developments.”

Learn more about Kaival Brands Innovations Group, Inc., at www,kaivalbrands.com.

– – – – –

Kaival Brands Innovations Group, Inc., is a company focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets.
Our vision is to develop internally, acquire, own, or exclusively distribute these innovative products and grow each into dominant market-share brands with superior quality and recognizable innovation.

– – – – –
Forward-Looking Statements

This press release includes statements that constitute “forward-looking statements” within the meaning of federal securities laws, which are statements other than historical facts that frequently use words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “position,” “should,” “strategy,” “target,” “will,” and similar words. All forward-looking statements speak only as of the date of this press release. Although we believe that the plans, intentions, and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions, or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such statements. Our business may be influenced by many factors that are difficult to predict, involve uncertainties that may materially affect results, and are often beyond our control. Factors that could cause or contribute to such differences include, but are not limited to, the duration and scope of the COVID-19 pandemic and impact on the demand for the products we distribute; the actions governments, businesses, and individuals take in response to the pandemic, including mandatory business closures and restrictions on onsite commercial interactions; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies and economic activity; the pace of recovery when the COVID-19 pandemic subsides; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the effects of steps that we could take to reduce operating costs; our inability to generate and sustain profitable sales growth; circumstances or developments that may make us unable to implement or realize anticipated benefits, or that may increase the costs, of our current and planned business initiatives; changes in government regulation or laws that affect our business; and those factors detailed by us in our public filings with the Securities and Exchange Commission. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. Except as required under the federal securities laws and the Securities and Exchange Commission’s rules and regulations, we do not have any intention or obligation to update any forward-looking statements publicly, whether as a result of new information, future events, or otherwise.

# # #

For more information, please contact 833-4-KAIVAL or email us at [email protected].

Investor Relations:

Inflection Partners, LLC
New York | Philadelphia | New Orleans
www.inflectionpartnersllc.com
Office: (504) 381-4603
[email protected]

Media:

Inflection Partners, LLC
New York | Philadelphia | New Orleans
www.inflectionpartnersllc.com
Office: (504) 381-4603
[email protected]

Corporate Communications:

InvestorBrandNetwork (IBN)
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FlexGuard℠achieves record-setting $1B in sales less than six months after launch

FlexGuard℠achieves record-setting $1B in sales less than six months after launch

Customers seeking asset protection and growth amid market uncertainty

NEWARK, N.J.–(BUSINESS WIRE)–
FlexGuard℠, Prudential Financial, Inc.’s (NYSE: PRU) first indexed variable annuity product, achieved $1 billion in sales less than six months after launch,i making it the fastest-selling product of its kind ever, according to annuity sales data from the Secure Retirement Institute.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201119005986/en/

Dylan Tyson, President, Prudential Annuities (Photo: Business Wire)

Dylan Tyson, President, Prudential Annuities (Photo: Business Wire)

FlexGuard is designed to provide customers with downside protection and the opportunity to grow and accelerate the performance of their assets into the future. A commission-based version launched in May with a fee-based version for the advisory space planned for 2021.

Dylan Tyson, president, Prudential Annuities, said, “We strengthened our business this year and better positioned our customers to achieve the financial outcomes they seek by accelerating the launch of FlexGuard during a global pandemic and continued market volatility. The unique product features meet shifting needs among individuals who now more than ever face the challenge of protecting and growing their assets.”

FlexGuard’s index strategies allow customers to select a level of protection, or “buffer,” against market losses along with unique crediting strategies that enable customers to accelerate their gains above and beyond the index return when certain targets are met. Importantly, FlexGuard is designed to adapt with consumers’ needs, allowing changes to investment length, protection level and growth strategies, as the markets shift and individual financial goals evolve.

“As financial professionals and their clients seek to address an uncertain world, FlexGuard’s record-setting sales speaks to our ability to bring the right solution to the market at the right time. We look forward to helping Americans reach their desired financial outcomes with more innovative solutions that help solve for the unpredictable challenges they face,” Tyson added.

For more information on FlexGuard, visit: www.prudential.com/myflexguard.

About Prudential Financial

Prudential Financial, Inc. (NYSE: PRU), a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of Sept. 30, 2020, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.

Annuities are issued by Pruco Life Insurance Company, located in Newark, NJ (main office), or by Prudential Annuities Life Assurance Corporation located in Shelton, CT (main office). Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. All are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations. Prudential Annuities is a business of Prudential Financial, Inc.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. If you would like information about your particular investment needs, please contact a financial professional.

Annuity contracts contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Your licensed financial professional can provide you with complete details.

Guarantees are dependent upon the claims-paying ability of the issuing company and do not apply to the underlying investment options.

i As stated in Prudential 3 Quarter 2020 earnings call November 4, 2020.

Ben Jaffe

(201) 207-0352

[email protected]

KEYWORDS: United States North America New Jersey

INDUSTRY KEYWORDS: Insurance Professional Services

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Dylan Tyson, President, Prudential Annuities (Photo: Business Wire)
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Vacaville Establishes Fast Track Program for Biotechnology Projects

VACAVILLE, Calif., Nov. 19, 2020 (GLOBE NEWSWIRE) — The City of Vacaville, which last month unveiled plans for the next generation of development of its world-class biomanufacturing cluster, has created a Fast Track program to streamline new biotechnology projects in the city.

The policy seeks to support economic development in line with its biotech strategy by prioritizing the review of these projects, providing a central point of contact for them, and processing entitlement in 90-100 days from submission of applications to land use approvals. The City of Vacaville’s Planning Commission unanimously endorsed the policy during its November 17 meeting.

“Our staff has deep experience working with the biotechnology industry,” said Vacaville Mayor Ron Rowlett. “As we work to grow our biomanufacturing sector, this program will ensure that this is as fast and frictionless a process as possible for companies looking to locate and expand in Vacaville.”

Vacaville, located 50 miles northeast of San Francisco along Interstate 80 between the University of California Berkeley and Davis campuses, has been a center for biomanufacturing since the 1980s. It gained recognition as a leading biotechnology center in 1994, when Genentech acquired land for its biologics manufacturing facility there. Today, the facility is among the largest biotech drug manufacturing complexes in the world.

Last month, the city announced plans to expand its biomanufacturing cluster by identifying 300 acres of land adjacent to existing facilities for the development of new biomanufacturing facilities. It expects the expansion will lead to more than $2 billion in industrial development, 3.5 million square feet of commercial real estate, and the addition of 10,000 jobs with a payroll of more than $1 billion a year.

As part of the Fast Track program, specific staff from various departments will be assigned to each project. To ensure a speedy permit review, building officials will work directly with projects’ design and construction teams. The city will also assign a dedicated building inspector to perform all inspections, act as a primary contact for inspection-related requests and serve as a contact for post-approval support.

“The Fast Track program reflects Vacaville’s ongoing commitment to work with the biotech industry to grow biomanufacturing in the city,” said Robert Macaulay, chairman of the Vacaville Planning Commission. “This is a commitment that is shared by the commission, city staff, and leadership.”

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