Federal Home Loan Bank of Atlanta Awards nearly $27 Million for Affordable Housing Development

Funding will Create, Improve, or Preserve 4,099 Affordable Rental and Homeownership Units

ATLANTA, Nov. 12, 2020 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta or the Bank) announced today that it has awarded $26,938,914 million to assist in the funding of 61 affordable housing initiatives in 19 states and the District of Columbia as part of its 2020 Affordable Housing Program (AHP). Collectively, these initiatives represent over $1 billion in total housing development.

In partnership with local for-profit and nonprofit developers, FHLBank Atlanta member financial institutions will use $27 million of AHP funds to assist in the acquisition, new construction, rehabilitation, or preservation of 4,099 affordable rental and homeownership units. For the complete list of 2020 winners, click here.

“Our Affordable Housing Program has enabled communities across our district to achieve their affordable housing and economic development objectives for 30 years,” said Arthur L. Fleming, FHLBank Atlanta’s Senior Vice President and Director or Community Investment Services. “We are proud of the positive impact our affordable housing program has had, and we know this critical source of funding will continue to play a vital role in creating safe and healthy housing.”

FHLBank Atlanta awards AHP funds annually through a competitive application process. Since 1990, FHLBank Atlanta has awarded more than $817 million in AHP Competitive grants, providing more than 129,000 housing opportunities for moderate, low-, and very low-income households.

The Bank will announce the opening of the 2021 AHP funding round in first quarter 2021. Potential applicants must work with an FHLBank Atlanta member financial institution to complete the AHP application. A list of member financial institutions is available on the FHLBank Atlanta website at www.fhlbatl.com.

FHLBank Atlanta’s 2020 AHP awards range from $30,000 to $500,000 per initiative and will be made in the following states:

State Rental Units Owner Units AHP Funds Total Development
Alabama 190 $2,000,000 $40,650,508
District of Columbia 322 $1,000,000 $88,872,559
Florida 434 20 $2,310,000 $95,140,167
Georgia 257 9 $1,410,178 $49,859,108
Maryland 450 $1,948,000 $117,648,058
North Carolina 343 6 $1,990,000 $17,999,084
South Carolina 196 $1,325,000 $48,338,220
Virginia 774 27 $6,072,079 $182,082,075
Out of District 1071 $8,883,657 $361,328,450


About the Federal Home Loan Bank of Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—-are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $6.6 billion in Affordable Housing Program funds, assisting more than 957,000 households.

For more information, visit our website at www.fhlbatl.com.

CONTACT: Peter E. Garuccio
Federal Home Loan Bank of Atlanta
[email protected] 
404.888.8143

Amplify Online Retail ETF (IBUY) Surpasses $1 Billion in Assets

First-to-market online retail ETF delivers 1-year return of 83.80%

CHICAGO, Nov. 12, 2020 (GLOBE NEWSWIRE) — Amplify ETFs announces the Amplify Online Retail ETF (NYSE: IBUY) has surpassed $1 billion in assets under management. IBUY is the first and largest ETF to focus on the online retail segment, holds a 5-star Overall Morningstar rating, and is ranked the #1 fund among 40 funds in the Consumer Cyclical category over a 3-year period.

Since its inception in April 2016, IBUY has delivered a 255.98% cumulative return versus the S&P Retail Select Industry Index’s 9.41% return through October 31, 2020. Other broad based indexes, including the S&P 500 Total Return and the NASDAQ 100 Total Return, produced 70.19% and 155.70% returns respectively.

“With more than $1 billion in assets, significant outperformance over broad-based indexes, and the top track record in the consumer cyclical fund category, we believe IBUY is the bellwether ETF for the evolving retail sector,” said Christian Magoon, founder and CEO of Amplify ETFs. “Today just 16% of all U.S. retail sales occur online, which is why we believe the disruption of the retail industry is still early in its lifecycle. We expect online retail stocks to be an attractive market segment for growth-minded investors for years to come.”

IBUY is an index-based ETF requiring companies to have 70% or more of revenue from online sales or $100 billion in annual online sales to qualify for inclusion. In addition, IBUY’s portfolio equally weights online retail stocks in its two geographic sleeves: U.S. (75% of the portfolio) and international (25%). This weighting approach increases portfolio diversification by avoiding concentrated positions in large capitalized online retail stocks which often have multiple business units besides online retail.

To learn more about IBUY, visit the ETF’s website.

About Amplify ETFs

Amplify ETFs, sponsored by Amplify Investments LLC, has $2.3 billion in assets across its suite of ETFs (as of 11/11/20). Amplify ETFs deliver expanded investment opportunities for growth, capital preservation, and income-focused investors.

Contacts

Sales Contact:
Amplify ETFs
855-267-3837
[email protected]
or
Media Contact:
Gregory FCA for Amplify ETFs
Caitlyn Foster, 610-228-2056
[email protected]

Short-term performance may often reflect conditions that are likely not sustainable, and thus such performance may not be repeated in the future.

IBUY Performance

Quarter End as of 9/30/20 Fund Inception Date: 4/20/2016
Cumulative (%) Annualized (%)

 

1 Mo.

3 Mo.

6 Mo.

YTD

Since Inception

1 Yr.

3 Yr.

Since Inception
Fund NAV -2.94 % 25.86 % 112.23 % 71.76 % 254.47 % 89.37 % 34.53 % 32.90 %
Closing Price -3.04 % 25.56 % 112.55 % 71.82 % 253.93 % 89.23 % 34.38 % 32.85 %
S&P 500 TR Index -3.80 % 8.93 % 31.31 % 5.57 % 74.98 % 15.15 % 12.28 % 13.40 %


The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. For performance data current to the most recent month-end please call 855-267-3837 or visit IBUYETF.com. Brokerage commissions will reduce returns. The Fund’s gross expense ratio is 0.65%

The Fund’s investment objective and strategy differs substantially from the market indices, which are included for comparison purposes only. The Standard & Poor’s (S&P) 500 Total Return Index is an unmanaged, market-capitalization-weighted index of the 500 largest U.S. publicly traded companies by market value, and assumes distributions are reinvested back into the index. It does not include fees or expenses. It is not possible to invest directly in an index.


Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s statutory and summary prospectus, which may be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility.
Investments in consumer discretionary companies are tied closely to the performance of the overall domestic and international economy, interest rates, competition and consumer confidence. Online retail companies are subject to risks of consumer demand and sensitivity to profit margins.
A portfolio concentrated in a single industry, such as the online retail industry, makes it vulnerable to factors affecting the industry. The Fund may face more risks than if it were diversified broadly over numerous industries or sectors. Diversification does not ensure profits or prevent losses. Additional fund disclosure can be found here.

© 2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The Amplify Online Retail ETF (IBUY) Fund received 5 stars among 40 Consumer Cyclical funds for the three-year period ending 09/30/20.

Amplify ETFs are distributed by Foreside Fund Services, LLC.

RCL INVESTOR FILING DEADLINE: Bernstein Liebhard Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Royal Caribbean Cruises Ltd.

PR Newswire

NEW YORK, Nov. 12, 2020 /PRNewswire/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of Royal Caribbean Cruises Ltd. (“Royal Caribbean” or the “Company”) (NYSE: RCL) between February 4, 2020 and March 17, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Southern District of Florida alleges violations of the Securities Exchange Act of 1934.

If you purchased Royal Caribbean securities, and/or would like to discuss your legal rights and options please visit Royal Caribbean Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

The complaint alleges that the Defendants throughout the Class Period made false and/or misleading statements and failed to disclose material adverse facts about the Company’s decrease in bookings outside China and its inadequate policies and procedures to prevent the spread of COVID-19 on its ships.  Specifically, regarding global bookings, Royal Caribbean made statements that: (1) misled investors to believe that any issue related to COVID-19 was relatively insignificant; (2) falsely assured investors that bookings outside China were strong with no signs of a slowdown; and (3) failed to disclose that the Company was experiencing material declines in bookings globally due to customer concerns over COVID-19. Additionally, regarding safety procedures, the Company made statements that: (1) falsely assured investors that it implemented rigorous safety protocols; (2) such protocols were expected to ultimately contain the spread of the virus; and (3) failed to disclose that its ships were following grossly inadequate protocols that would foster the spread of COVID-19 and pose a substantial risk to passengers and crews.

The full impact of the Company’s false and misleading statements and/or omissions was revealed, as analysts downgraded the Company’s stock and slashed their price targets, reflecting the true value of Royal Caribbean stock.  On March 18, 2020, prior to the opening of the stock market, Stifel cut its one-year price target on Royal Caribbean from $161 to $40

On this news, Royal Caribbean’s stock price dropped $5.33 per share, or 19.27% to close at $22.33 per share on March 18, 2020.

If you wish to serve as lead plaintiff, you must move the Court no later than December 7, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Royal Caribbean securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/royalcaribbeancruisesltd-rcl shareholder-class-action-lawsuit-fraud-323/apply/ contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Matthew E. Guarnero

Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

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SOURCE Bernstein Liebhard LLP

Voice Recorder Emulator for VoIP Air Traffic Control

GAITHERSBURG, Md., Nov. 12, 2020 (GLOBE NEWSWIRE) — GL Communications Inc., a global leader in telecom test and measurement solutions, addressed the press regarding their ED-137 Voice Recorder Emulator referred to as MAPS™ ED-137 Recorder Emulator.

[See the complete illustration here: https://www.gl.com/images/maps-ed137-recorder-web-air-traffic-network.jpg]

[See the product announcement newsletter: https://www.gl.com/newsletter/gl-enhances-ed137-atm-recorder-newsletter.html ]

“All over the world, Air Traffic Management (ATM) networks are undergoing a transition from legacy TDM-based communications to Voice over IP (VoIP) for more reliable, scalable and secure communications. The European Organization for Civil Aviation Equipment (EUROCAE) has defined the ED-137 standard to outline VoIP communication between air traffic controllers and pilots,” said Vijay Kulkarni, CEO of GL Communications.

He further added, “GL Communications leads the way in simulating and testing ED-137 ATM components such as Controller Working Positions (CWP), Ground Radio Stations (GRS), Voice Communications Systems (VCS) and more. GL’s ATM test suite includes the ability to simulate Air to Ground (AG) calls and Ground to Ground (GG) calls with associated signaling such as Push to Talk (PTT) and Squelch. Furthermore, GL’s test tools can perform sophisticated one-way delay measurements and voice quality testing.”

GL tools for signaling emulation and voice quality testing offer an end-to-end test solution for testing connections from the radio interfaces to the CWP and recording voice communications over the network. GL’s Air Traffic Management Solution also includes MAPS™ ED-137 Telephone Emulators and MAPS™ ED-137 Radio Emulators.

About GL Communications Inc.

GL Communications is a global provider of telecom test and measurement solutions. GL’s solutions are used to verify quality and reliability of Wireless (4G LTE, 3G, 2G), SONET/SDH, Ethernet/IP, TDM, and PSTN networks.

Contact:
Shelley Sharma
Phone: 301-670-4784
E-mail: [email protected]

Media Contact: [email protected]

 

IIROC Trade Resumption – BIGG

Canada NewsWire

VANCOUVER, BC, Nov. 12, 2020 /CNW/ – Trading resumes in:

Company: BIGG Digital Assets Inc.

CSE Symbol: BIGG

All Issues: Yes

Resumption (ET): 11:30 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC)

Southwest Airlines Announces Intention To Serve Sarasota Bradenton International Airport

Carrier to offer tenth Florida destination in first half of 2021 as Southwest commemorates 25 years in Florida

PR Newswire

DALLAS, Nov. 12, 2020 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) today announced plans to expand its Florida service by adding flights at Sarasota Bradenton International Airport (SRQ) in first quarter of 2021. Sarasota will be the carrier’s tenth airport served in the State of Florida and is the tenth airport in a list of new places to join the Southwest route map in the coming eight months as the carrier furthers its reach of friendly policies, iconic Hospitality, and value and comfort. Service details including the initial flight schedule and fares for SarasotaBradenton will be announced soon.

“We’ll arrive in SarasotaBradenton as Southwest marks 25 years of serving the Sunshine State. Our Customers who choose SRQ will land closer to their preferred beaches and business meetings, benefiting from our added investment in the growing region between our longtime cities of Tampa Bay and Ft. Myers,” Steve Goldberg, Southwest Airlines Senior Vice President of Operations and Hospitality said. “Locals who fly Southwest can also pair their preferred airline and airport, and get in the air faster with a shorter drive to SRQ.”

“We are thrilled to welcome Southwest Airlines to the Sarasota Bradenton International Airport (SRQ). This is especially significant during these challenging times in aviation,” Rick Piccolo, President, CEO of the Sarasota Bradenton International Airport said. “Southwest’s low fares and renowned customer service will provide the bi-county community, as well as our inbound visitors, with access to the vast network of destinations that Southwest Airlines serves.”

Previously announced Southwest service to Miami begins Nov. 15.

Cautionary Statement Regarding Forward-Looking Statements 
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to the Company’s network plans and expectations, including its intent to serve Sarasota-Bradenton International Airport and other new destinations. These forward-looking statements are based on the Company’s current intent and expectations and are not guarantees of future actions. Forward-looking statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Among others, factors include (i) the Company’s ability to obtain necessary approvals and the impact of governmental regulations and other governmental actions related to the Company’s operations; (ii) the extent of the impact of the COVID-19 pandemic on overall demand for air travel and the Company’s related business plans and decisions; (iii) the impact of economic conditions, governmental actions, extreme or severe weather and natural disasters, fears of terrorism or war, actions of competitors, fuel prices, consumer perception, and other factors beyond the Company’s control, on consumer behavior and the Company’s business decisions, plans, and strategies; (iv) the Company’s dependence on third parties; (v) the impact of labor matters on the Company’s plans and expectations; and (vi) other factors, as described in the Company’s filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2020.


ABOUT SOUTHWEST AIRLINES CO.

In its 50th year of service, Dallas-based Southwest Airlines Co. continues to differentiate itself from other air carriers with exemplary Customer Service to a Customer base topping 130 million passengers in 2019. Southwest became the nation’s largest domestic air carrier in 2003 and maintains that ranking based on the U.S. Department of Transportation’s most recent reporting of domestic originating passengers boarded. In peak travel seasons during 2019, Southwest operated more than 4,000 weekday departures among a network of 101 destinations in the United States and 10 additional countries. In early 2020, the carrier added service to Hilo, Hawaii, and Cozumel, Mexico. Southwest will begin service to Palm Springs, California and Miami on Nov. 15, as well as two new seasonal destinations in Colorado, Steamboat Springs and Montrose (Telluride) on Dec. 19, 2020. In 2021, the carrier will add service at Chicago (O’Hare) on Feb. 14, and Colorado Springs on March 11, and has announced intended service next year at Houston (Bush Intercontinental), Savannah, Jackson, Miss., and SarasotaBradenton.

The carrier issued its Southwest® Promise in May 2020 to highlight new and round-the-clock efforts to support its Customers and Employees wellbeing and comfort. Among the changes are enhanced cleaning efforts at airports and onboard aircraft, face covering requirements for Customers and Employees. Additional details about the Southwest Promise are available at Southwest.com/Promise.

Southwest coined Transfarency® to describe its purposed philosophy of treating Customers honestly and fairly, and low fares actually staying low. Southwest is the only major U.S. airline to offer bags fly free® to everyone (first and second checked pieces of luggage, size and weight limits apply, some carriers offer free checked bags on select routes or in qualified circumstances). Southwest does not charge change fees, though fare differences might apply.

Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier’s performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. Learn more about how the carrier gives back to communities across the world by visiting Southwest.com/citizenship.  

Book Southwest Airlines’ low fares online at Southwest.com or by phone at 800-I-FLY-SWA.

 

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SOURCE Southwest Airlines Co.

Bank Leumi to Report Third Quarter Results on November 17, 2020

PR Newswire

TEL AVIV, Israel, Nov. 12, 2020 /PRNewswire/ — Bank Leumi (TASE: LUMI) announced today that it will release its Third Quarter 2020 financial results on Tuesday, November 17, 2020.

Mr. Omer Ziv, EVP & CFO, will host the results call followed by Q&A. The call is scheduled for 5 PM (Israel); 3 PM (UK); 10:00 AM (ET).   

Conference Call Dial-in Details (no passcode required):

Israel                             03-9180644

UK                                0-800-917-5108

US & Canada               1-866-860-9642

All other locations         +972-3-918-0644

The call will be accompanied by a presentation which will be published on the day of the publication of the Financial Results on the Israeli Securities Authority reporting website (MAGNA). It will also be available on the Leumi website under Investor Relations, in the Financial Statements page, Investor Presentation and Conference Call.

An archived recording will be available on the Leumi website one business day after the call ends.

For more information visit www.leumi.co.il or contact Daphna Golden, VP, Head of Investor Relations, at [email protected]

The conference call does not replace the need to review the latest periodic/quarterly reports containing full information, including forward-looking information, as defined in the Israeli Securities Law, and set out in the aforementioned reports.

 

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SOURCE Bank Leumi

Hiscox USA Expands Ask Kodiak Engagement

Originally implemented only for key digital lines of business, Ask Kodiak will now support Hiscox’s direct small commercial product appetite and eligibility in the US.

BOSTON, Nov. 12, 2020 (GLOBE NEWSWIRE) — Ask Kodiak, an API platform providing real-time appetite and eligibility for commercial lines insurance companies, managing general agencies (MGAs), wholesalers, and agents, is pleased to announce an expanded partnership with Hiscox USA, a leading small business insurer. Ask Kodiak will enable Hiscox to communicate its direct small commercial product appetite information in real-time to partners.

“Hiscox is one of the truly leading digital carriers that understands the value of offering its distribution partners the most efficient way to access their insurance risk appetite,” said Michael Albert, co-founder of Ask Kodiak. “Ask Kodiak uses the most precise and granular classification code system – NAICS HD – to ensure our carrier partners efficiently classify and underwrite profitable risks.”

Given the complexity of underwriting classes and rapidly changing eligibility rules in the insurance industry, it is challenging for agents and brokers to know the current appetite of any insurance company partner before submitting insurance risks for coverage. In fact, many insurers still update and distribute spreadsheets and PDFs reflecting risk appetite to producers by email or snail mail.

Utilizing the Ask Kodiak platform, insurance companies, like Hiscox, can store, update, and share this vital information with any distribution partner for maximum efficiency and quote-to-bind speed. By communicating the product and appetite information to wholesale partners in real-time, before a quote is requested, agents and underwriters can save time and energy otherwise spent on out-of-appetite risks.

“Ask Kodiak is a great partner, which is why we decided to increase our utilization of their platform to make it the single source of Hiscox USA’s risk appetite, to be used both internally and for our wholesale distribution partners,” said Kevin Kerridge, executive vice president, small commercial at Hiscox USA. “As the leading online insurer of small businesses in the U.S., we understand the value of partnering with best-in-class technology partners to offer our producers and small business customers the finest and most robust solutions.”

About Ask Kodiak

Ask Kodiak helps insurance carriers organize commercial insurance. The API-based technology platform that helps agents make product selections based on appetite and eligibility provided by insurance carriers wherever it’s needed. For more details, visit www.askkodiak.com.

Media Contact:
Jennifer Overhulse
St. Nick Media Services
(859) 803-6597
[email protected]

CUT! By Cinemark Cypress – Dine-in Theatre, Kitchen and Bar Opens Nov. 12, Elevating Moviegoing Experience for Greater Houston Area

CUT! By Cinemark Cypress – Dine-in Theatre, Kitchen and Bar Opens Nov. 12, Elevating Moviegoing Experience for Greater Houston Area

Eight-Screen theatre with curated, freshly prepared food and beverage provides the ultimate entertainment experience, perfect for every occasion.

PLANO, Texas–(BUSINESS WIRE)–Cinemark Holdings, Inc., one of the world’s largest and most influential movie theatre companies, welcomes moviegoers in the greater Houston area to enjoy an elevated entertainment experience at CUT! By Cinemark Cypress – Dine-In Theatre, Kitchen and Bar. Located off Highway 290 at 29030 Northwest Freeway, the eight-screen entertainment destination is now open and features the Cinemark cinematic experience that moviegoers love, plus hand-crafted cocktails and a delicious menu of high quality, freshly prepared cuisine including signature pizzas made from scratch and baked to perfection in an Italian stone oven.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201112005824/en/

CUT! By Cinemark Cypress – Dine-in Theatre, Kitchen and Bar Opens Nov. 12, Elevating Moviegoing Experience for Greater Houston Area. The theatre features Cinemark cinematic experience that moviegoers love, plus hand-crafted cocktails and a delicious menu of high quality, freshly prepared cuisine including signature pizzas made from scratch and baked to perfection in an Italian stone oven. (Photo: Business Wire)

CUT! By Cinemark Cypress – Dine-in Theatre, Kitchen and Bar Opens Nov. 12, Elevating Moviegoing Experience for Greater Houston Area. The theatre features Cinemark cinematic experience that moviegoers love, plus hand-crafted cocktails and a delicious menu of high quality, freshly prepared cuisine including signature pizzas made from scratch and baked to perfection in an Italian stone oven. (Photo: Business Wire)

“CUT! By Cinemark offers the ultimate dining and entertainment spot with a carefully curated menu of freshly prepared food and craft cocktails that further enhance the immersive, cinematic experience of seeing a movie on the big screen,” said Mark Zoradi, Cinemark CEO. “Cinemark is pleased to continue to evolve the moviegoing experience with our CUT! concept at a time when people need entertainment and an escape from reality the most.”

CUT! by Cinemark elevates the traditional movie theatre experience by offering guests made-to-order menu items prepared in the full in-theatre kitchen and specialty cocktails to enjoy in any of the auditoriums, as well as in the dining and lounge areas. Moviegoers can have traditional snacks or full meals, including hand-stretched pizzas made with the freshest ingredients and served straight from an Italian stone oven, delivered discreetly to their seat with the push of a button. In addition to the mouthwatering fresh pizza, the menu includes items such as Rosemary Fries with Chipotle Mayo, Brisket Nachos, a Beyond Burger, Crispy Fried Chicken Sandwich and decadent desserts. The range of hand-crafted cocktails perfectly complements any meal or snack, including a Ghost Margarita, Blackberry Tequila Smash and Blueberry Pom Cosmo. The restaurant, patio and lounge are welcoming environments designed to offer guests fun, casual and social spaces, whether there for a full meal or on the way to catch this year’s newest films.

The upgraded theatre provides a variety of new amenities, including:

  • Eight ultra-modern auditoriums with wall-to-wall screens and enhanced sound systems;
  • Cinemark Luxury Loungers— electric-powered, plush, oversize recliners with footrests, swivel trays, cup holders and heat-controlled seats;
  • A uniquely delectable menu prepared-to-order in the expansive in-theatre kitchen with dishes for all to enjoy, from fan-favorite movie snacks to full meals and scrumptious desserts, featuring hand-stretched pizzas with house-made sauce and the finest toppings, then baked in an Italian stone oven;
  • A full-service bar offering popular beer, including local draft IPAs, as well as an impressive wine selection, specialty martinis and signature cocktails;
  • An inviting outdoor patio with a fireplace; and
  • Reserved seating with online and app ticketing capabilities and walk-up, easy-to-use ticket kiosks to make any night on the town as convenient as possible.

For those looking for a more exclusive moviegoing experience and the ability to stay with their trusted friends and family, Cinemark offers Private Watch Parties. A Cinemark Private Watch Party offers guests the opportunity to rent an entire auditorium for up to 20 guests to watch a film of their choice with the group of their choice. Standard pricing for a Private Watch Party begins at $99 and can be reserved with just a few simple clicks on the Cinemark website or app.

Big Movies on the Big Screen

This new entertainment destination experience opens just in time to welcome some of this year’s newest movies, including Let Him Go, Freaky, Honest Thief, War with Grandpa and Tenet. To help lift holiday spirits, Cinemark will also be showing everyone’s favorite films for this holiday season, including Elf, Love Actually, The Polar Express, It’s A Wonderful Life, Planes, Trains and Automobiles, A Christmas Story, Christmas Vacation, How the Grinch Stole Christmas and so much more.

For a limited time only, Cinemark will be showing some favorites from the Disney family, including Pixar’s Toy Story from now until Nov. 19; Marvel Studios’ Guardians of the Galaxy from Nov. 13 through Nov. 26; The Santa Clause from Nov. 20 through Dec. 3; and Frozen from Nov. 25 through Dec. 10.

Moviegoers can see a full list of films available at www.cinemark.com or on the Cinemark app.

The Cinemark Standard

With approximately 90 percent of its theatres re-opened across the U.S., the exhibitor has received 96 percent guest satisfaction with Cinemark protecting their health and safety. Moreover, a resounding number of those moviegoers polled stated they would return and would also recommend visiting Cinemark to a friend.

The health and safety of employees, guests and communities is a top priority. Like all Cinemark theatres, CUT! By Cinemark Cypress – Dine-In Theatre, Kitchen and Bar will open with The Cinemark Standard, greatly enhanced cleanliness, sanitizing and safety measures at every step of the moviegoing experience. Employees will undergo extensive training prior to reopening and will wear face masks while working, in addition to completing a wellness check-in prior to every shift. Each theatre will also have a designated Chief Clean and Safety Monitor on duty to ensure the highest standards of safety, physical distancing, cleanliness and sanitization.

  • Each auditorium will be extensively disinfected before every showtime using pressurized sprayers with products identified by the EPA to be effective in eliminating COVID-19.
  • The theatre will have staggered showtimes and limited capacities to maximize physical distancing.
  • Seat-Buffering Technology will automatically block seats adjacent to a party upon ticket purchase.
  • Face masks will be mandatory for all guests within the theatre and may only be removed for eating and drinking in the auditoriums. Face masks are be required for all employees.
  • Cinemark is raising the fresh air rate by adding refresh and replace cycles and utilizing supply fans to increase total volume of fresh, outside air flowing into our theatres.
  • Cinemark vacuums are equipped with HEPA filters identified to be effective in trapping at least 99.97 percent of microscopic particles, including COVID-19.
  • All public and high-touch spaces will be thoroughly sanitized every 30 minutes.
  • Ample supplies of seat wipes and hand sanitizer will be available for customer use.
  • Guests are encouraged to purchase tickets online and use contactless payment methods for a more contact-free experience. With that, cash payments options will be limited.

For a full list of showtimes and to purchase tickets, visit Cinemark.com or the Cinemark app. Stay connected with through Cinemark’s social media channels on Facebook, Twitter and Instagram (@Cinemark or #Cinemark).

Click here for a digital media kit including photos of the theatre’s cuisine and cocktails as well as photos and b-roll of Cinemark’s enhanced health and safety protocols.

About Cinemark Holdings, Inc.:

Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the largest and most influential movie theatre companies in the world. Cinemark’s circuit, comprised of various brands that also include Century, Tinseltown and Rave, operates 534 theatres with 5,977 screens globally (332 theatres and 4,522 screens across 41 states domestically; 202 theatres and 1455 screens in 15 countries throughout South and Central America). Cinemark consistently provides an extraordinary guest experience from the initial ticket purchase to the closing credits, including Movie Club, the first U.S. exhibitor-launched subscription program; the highest Luxury Lounger recliner seat penetration among the major players; XD – the No. 1 exhibitor-brand premium large format; and expansive food and beverage options to further enhance the moviegoing experience. For more information go to https://ir.cinemark.com/.

Caitlin Piper, 972-665-1418

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Restaurant/Bar Food/Beverage Film & Motion Pictures Retail Entertainment

MEDIA:

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CUT! By Cinemark Cypress – Dine-in Theatre, Kitchen and Bar Opens Nov. 12, Elevating Moviegoing Experience for Greater Houston Area. The theatre features Cinemark cinematic experience that moviegoers love, plus hand-crafted cocktails and a delicious menu of high quality, freshly prepared cuisine including signature pizzas made from scratch and baked to perfection in an Italian stone oven. (Photo: Business Wire)

LOOP CLASS ACTION DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in that a Securities Class Action Lawsuit has been Filed Against Loop Industries Inc.

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of Loop Industries (“Loop” or the “Company”) (NASDAQ: LOOP) between September 24, 2018 and October 12, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934.

If you purchasedLoopsecurities, and/or would like to discuss your legal rights and options please visit Loop Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) that Loop scientists were encouraged to misrepresent the results of Loop’s purportedly proprietary process; (2) that Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) that, as a result, the Company was unlikely to realize the purported benefits of Loop’s announced partnerships with Indorama and Thyssenkrupp; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On October 13, 2020, Hindenburg Research published a report alleging, among other things, that “Loop’s scientists, under pressure from CEO Daniel Solomita, were tacitly encouraged to lie about the results of the company’s process internally.” The report also stated that “Loop’s previous claims of breaking PET down to its base chemicals at a recovery rate of 100% were ‘technically and industrially impossible,'” according to a former employee. Moreover, the report alleged that “Executives from a division of key partner Thyssenkrupp, who Loop entered into a ‘global alliance agreement’ with in December 2018, told us their partnership is on ‘indefinite’ hold and that Loop ‘underestimated’ both costs and complexities of its process.”

On this news, the Company’s share price fell $3.78, or over 32%, to close at $7.83 per share on October 13, 2020, thereby damaging investors.

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. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchasedLoop securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/loopindustriesinc-loop-shareholder-class-action-lawsuit-stock-fraud-324/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]