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Latest news
| Making More Rental Housing Available for Families in Newmarket |
| FlowMetric Life Sciences, Inc. selected as IsoPlexis Certified Service Provider |
| Home Safety Efforts Heat Up This Summer |
| Sam's Club Partners With Button and Rakuten Advertising to Transform Its Affiliate Program Through Reach(TM) |
| DAP Extreme Stretch Acrylic Urethane Sealant Now Available in 13 Colors |
| Stoneweg US Continues Corporate Growth: Hires Ryan Smyth as Director of Acquisitions |
| Canada and Prince Edward Island invest in three sporting facilities in Summerside for 2023 Canada Winter Games |
| Bauer Hockey Picks Qualtrics CoreXM |
| Zilliant and Standav Announce Official Partnership |
| Current becomes first mobile bank to launch points rewards |
| Leading Global Economist on COVID-19 and Financial Recovery: "We Cannot Win the War But Lose the Peace" |
| CBD Dog Health Appoints Dr. Zac Pilossoph as Chief Veterinary Officer |
| Research Centers of America Begins Recruiting Healthy Workers for COVID-19 Vaccine Clinical Trial |
| Texas Distribution Center Offered By A&G in Stage Stores Bankruptcy |
| Maya Capital Partners Acquires Self Storage Facility in Sparta, N.J. |
| iiPay Opens Asia Pac Hub in Singapore |
| Context Business Lending Announces New Co-Chief Credit Officers and Risk Management Executive Talent to Support Their Exponential Growth and New Approach to Specialty Finance Asset-Based Lending (ABL). |
| July 2020 ISM-New York Report on Business: The Rebound Continues |
| Cellcom Israel Announces a Purported Class Action Filed Against the Company |
| John Tighe Departs Peerless Clothing |
Making More Rental Housing Available for Families in Newmarket
NEWMARKET, ON, Aug. 4, 2020 /CNW/ - Every Canadian deserves a place to call home. Thanks to investments made by the Government of Canada, residents of Newmarket will soon have access to more stable rental housing options that are affordable to the middle-class, and those working hard to join it.
Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation (CMHC) announced that the federal government is financing $79 million to help construct 216 residential units located at 195 Deerfield Road in Newmarket.
This project by The Rose Corporation is receiving financing through CMHC's Rental Construction Financing initiative (RCFi), a National Housing Strategy program delivered by Canada Mortgage and Housing Corporation (CMHC) that supports rental housing construction projects. The program encourages a stable supply of rental housing for middle-class families in expensive housing markets and those families working hard to join them.
With 195 Deerfield, The Rose Corporation is continuing to build on its success in delivering 212 Davis Apartments, the first new privately funded purpose-built rental apartment tower in Newmarket since the mid 1980s. Part of the company's mission is to provide diverse and attainable housing options.
Quotes
"Current events remind us that nothing is more important than a home. Canada's middle-class and those working hard to join them will benefit from the construction of new rental housing. Through new investments, we are taking action to increase the supply of new rental developments, providing housing options that are closer to jobs, services and amenities families need." – The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and the Minister responsible for CMHC
"I am pleased to see our government partnering with the Rose Corporation to deliver this significant investment for much needed housing options in Newmarket. We know housing is a foundation to build better lives and share in the prosperity of our community. This $79,000,000. investment, will provide 216 new housing units for hard working families of Newmarket-Aurora and a safe and affordable place to call home." – Tony Van Bynen, Member of Parliament for Newmarket-AuroraÂ
"York Regional Council remains steadfast in its commitment to identify and develop innovative long-term solutions for increasing housing options for all York Region residents. York Region is a place people are proud to call home. Success in creating a diverse housing market depends on collective engagement and sustained investment from a variety of stakeholders. On behalf of York Regional Council I thank the Government of Canada and the Rose Corporation for opening the door to more housing in York Region." – Wayne Emmerson, Chairman and CEO, The Regional Municipality of York
"As housing prices in the GTA continue to increase the demand for rental housing accommodation is continuing to escalate. I believe strongly that the economic success of any community relies on the provision of a variety of housing options and in particular rental housing options. Those communities who are not actively pursuing partnerships to advance purpose-built rental projects are, in my opinion, falling behind. The Town of Newmarket deeply appreciates the partnership that the Government of Canada and The Rose Corporation bring to this project and to our Town. Together we are laying the groundwork for a stronger economy and a stronger community." – John Taylor, Mayor, Town of Newmarket
"As city builders, we have a corporate social responsibility to help create more attainable rental and ownership housing alternatives within the communities in which we build. We firmly believe that a healthy community is an essential tool in building a thriving corridor. By embracing public-private partnerships, The Rose Corporation's collaboration with all levels of government - York Region, the Town of Newmarket and the federal government (CMHC) has allowed us to successfully help fill a desperate need for more affordable housing options in Newmarket." – Daniel Berholz, President, The Rose Corporation
Quick Facts
- The development involves the construction of a 15-storey building with 216 residential units, ranging from 1-bedroom units to 3-bedroom ground-oriented and tower units. This will be the initial phase of a 4.4-acre master-planned community consisting of three towers rising above a landscaped courtyard.
- Construction commenced in March 2020, and substantial completion is expected in early 2023.
- Amenity spaces include a communal 20,000 square foot park with a playground, a kids zone, fitness centre and yoga studio
- The development has easy access to the VIVA bus rapid transit, bicycle parking for all residents and direct access to biking and walking trails
- Designed to meet LEED Silver requirements, the building has also invested significantly into electric vehicle charging stations
- At least 30 units will meet the municipal accessibility requirements, and will include units with universal and adaptable design.
- About 20% of Newmarket residents rely on the rental market for housing
- This development represents a new supply of purpose-built rental housing in Newmarket, where the vacancy rate was 2.0% as of Oct. 2019, a decrease from 2.4% in Oct. 2018
- The RCFi, a National Housing Strategy (NHS) initiative delivered by CMHC, supports rental housing construction projects to encourage a stable supply of rental housing across the country for middle-class households struggling in expensive housing markets.
- Launched in April 2017, the RCFi has generated a lot of interest and a high number of quality applications. This is why, through Budget 2018, the Government increased the amount of low-cost loans provided by this initiative from $2.5 billion to $3.75 billion and further increased to $13.75 billion with budget 2019. In total, the RCFi will encourage the construction of 42,500 new rental housing units across Canada.
- Low-cost loans are available to borrowers who want to build purpose-built rental housing in Canada in response to demonstrated community need.
- The rental market is an important housing option for approximately 30% of Canadians.
- Under the Investing in Canada plan, the Government of Canada is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada's rural and northern communities.
Associated Links
- As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. For more information, visit our website or follow us on Twitter, YouTube, LinkedIn, Instagram and Facebook.
- To find out more about the National Housing Strategy, visit www.placetocallhome.ca.
- The Rose Corporation is a real estate development company whose mission is to build visionary and inclusive residential communities consisting of condominium, freehold and purpose-built rental properties all while prioritizing exceptional architecture, outstanding construction and sustainable building features.
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SOURCE Canada Mortgage and Housing Corporation
FlowMetric Life Sciences, Inc. selected as IsoPlexis Certified Service Provider
DOYLESTOWN, Pa., Aug. 4, 2020 /PRNewswire/ -- FlowMetric Life Sciences, Inc., a global leader in Flow Cytometry services, and  IsoPlexis, the leader in functional single-cell proteomics, announce FlowMetric as a Certified Service Provider of the IsoPlexis technology.Â
This certification was awarded after FlowMetric met the rigorous training and testing requirements set out by IsoPlexis. FlowMetric can now provide Single-Cell Functional Proteomic services to its Pharmaceutical and Biotechnology customers to complement its decade-long expertise in developing and validating multi-parameter Flow Cytometry-based approaches for drug development. Â
"The FlowMetric team continually looks for new and powerful service offerings for our clients. The IsoPlexis platform delivers state-of-the-art proteomic analysis, enabling us to reveal the true functionality of cells," said FlowMetric Chief Scientific Officer, Dr. Julie Bick, "Like Flow Cytometry, the IsoPlexis technology has applications across many areas of clinical research and will help our clients identify key biological drivers and ultimately accelerate their scientific research."
FlowMetric is the only Contract Research Organization (CRO) on the East Coast to offer the menu of IsoPlexis' IsoCode & CodePlex assays for the study of cancer immunology, inflammation, vaccine development, and cell and gene therapy research. Â The IsoPlexis technology provides comprehensive workflows that combine proprietary content and bioinformatic solutions to enable large data sets to be acquired from small sample volumes.
Coupling the IsoPlexis system with multi-parameter Flow Cytometry has the potential to overcome many of the challenges in the research of complex diseases and provide critical data to drive innovation in precision drug discovery.Â
Sean Mackay, Chief Executive Officer of IsoPlexis added: "We are very excited to have FlowMetric as our first East Coast Certified Service Provider for the IsoPlexis platform. Our single-cell proteomics platform is capable of providing unique data across a wide range of applications. We look forward to the platform being widely accessible through FlowMetric, enabling more leading research laboratories and institutions to access the cutting-edge functional data needed to accelerate their research."
About FlowMetric Life Sciences, Inc.
The mission of FlowMetric Life Sciences, Inc. is to improve lives, driven by our dedication to scientific expertise, integrity, innovation, and people. With laboratories in Doylestown, PA (USA) and Bresso, Italy, FlowMetric is a globally recognized Contract Research Organization providing world-class analytical services and Flow Cytometry capabilities to many of the world's largest Pharmaceutical and Biotech companies.
About IsoPlexis
IsoPlexis (www.isoplexis.com) is dedicated to accelerating the fight against cancer and a range of the world's toughest diseases with its uniquely correlative, award-winning single-cell proteomics systems. By revealing unique immune biomarkers in small subsets of cells, we are advancing immunotherapies and targeted therapies to a more highly precise & personalized stage. Our integrated systems, named #1 innovation by the Scientist Magazine & Fierce, are used globally to advance the field of single-cell biology and biomarkers.
View original content to download multimedia:http://www.prnewswire.com/news-releases/flowmetric-life-sciences-inc-selected-as-isoplexis-certified-service-provider-301105171.html
SOURCE FlowMetric
Home Safety Efforts Heat Up This Summer
AURORA, Ill., August 4, 2020 /PRNewswire/ --Â As many American homes have transformed into makeshift offices, gyms and classrooms, and health concerns are top-of-mind, fire safety has also become a priority. According to a recent study, 91% of consumers considered home fires a top concern during the initial months of the pandemic.*
Along with adopting new routines, many Americans tackled a variety of home improvement and home safety projects. More than two-thirds (68%) of Americans reported taking additional home safety measures this year, including testing smoke alarms or buying home monitoring devices.
"When people start painting projects, lighting installation and other types of home improvements, it's an ideal time to check or update smoke and carbon monoxide alarms," said Tarsila Wey, director of marketing for First Alert, the most trusted name in fire safety.** "It is important to test alarms regularly, but people sometimes forget how old their alarms are and that they do not last forever. Alarms must be replaced at least every 10 years."
With more regular activity in and around the home this summer, the risk of hazardous home incidents, such as home fires and carbon monoxide (CO) poisoning, may also increase. In the past several months, people report using their kitchens in greater numbers, with 47% of consumers reporting cooking from home every day, compared with 23% prior to the pandemic.
According to the National Fire Protection Association (NFPA), unattended cooking is the number one cause of home fires in the United States, accounting for 62% of residential fire incidents each year.*** And, CO poisoning remains the leading cause of accidental poisoning deaths each year, according to the Centers for Disease Control and Prevention.
Fortunately, research shows that while Americans focused on keeping their families safe and healthy, they also became more actively engaged in fire and CO safety readiness.
"Staying home and cooking more have greatly contributed to consumers' attention to fire and carbon monoxide safety this year," said Wey. "We have been extremely encouraged by the number of people taking additional safety measures at home and putting products and practices in place to help protect themselves and their families."
With proper planning and ongoing, regular maintenance of smoke and CO alarms, people can increase their level of home safety. Alongside fire safety experts, First Alert recommends these easy steps to be ready if a fire or CO incident occurs in your home:
- Install alarms throughout the home. According to NFPA guidelines, smoke alarms should be installed on each level of the home, including the basement, and in every bedroom, and CO alarms should be on every level of the home and near each sleeping area.
- Check the manufacture date on your alarms. Alarms do not last forever and must be replaced at least every 10 years, regardless of their manufacturer. If alarms are due for replacement, consider upgrading your level of protection to premium 10-year sealed battery alarms. Ten-year alarms eliminate low-battery chirps and the need for battery replacements for a decade. For ultimate home safety, select combination smoke and CO models for complete protection from the threats of smoke, fire and CO. A variety of smoke and CO alarms, including hardwired, combination, dual sensor and 10-year battery-powered models, are available to meet specific needs and local requirements.
- Test alarms regularly. Regardless of the type of alarms you have installed, all smoke and CO alarms should be regularly tested. First Alert alarms are equipped with a test button to make this easy. Never test alarms with an open flame or by simulating a fire or CO emergency.
- Develop – and frequently practice – an escape plan with your family. Identify two ways out of each room, including windows and doors, and make sure everyone in the home understands the plan. In the event of an emergency, it is important to exit the home, stay outside and wait at the predesignated meeting place away from the home. Call 911 and wait until officials clear your home to re-enter it safely.
- Equip second floor sleeping areas with escape ladders. Also, equip every floor with a fire extinguisher, and discuss how to use them. Fire extinguishers should be kept where they are easily reachable and in key rooms where there is a higher risk for fires, such as the kitchen and garage.
"Working smoke and CO alarms are the first line of defense in our collective efforts to protect what matters most this summer and all year round," said Wey.
For more information and to access your own readiness resources, visit www.firstalert.com/beready.
*First Alert COVID-19 Consumer Insights, April 2020 – Results are based on the responses of 1,000 adults, ages 25 and older, living in the United States who completed an online survey. Results are statistically significant at a 95 percent confidence level and can be generalized to the entire adult population in the United States within those statistical parameters.
**First Alert Brand Trust Survey, February 2020 – Results are based on the responses of 1,000 adults, ages 25 and older, living in the United States who completed an online survey. Results are statistically significant at a 95 percent confidence level and can be generalized to the entire adult population in the United States within those statistical parameters. For more information or a copy of the complete survey results, contact Tim Young at LCWA: 312/565-4628 or tyoung@lcwa.com.
***National Fire Protection Association; https://www.nfpa.org/Public-Education/Fire-causes-and-risks/Top-fire-causes
About BRK Brands, Inc.
BRK Brands, Inc. (Aurora, IL), is a fully owned subsidiary of Newell Brands. For more than 60 years, BRK Brands, Inc. has been the manufacturer of First Alert®-branded home-safety products, the most trusted and recognized safety brand in America. BRK® Brands designs and develops innovative safety solutions including a comprehensive line of smoke alarms, carbon monoxide alarms, fire extinguishers and escape ladders to protect what matters most. Such products are also marketed under the BRK Electronics® brand, The Professional Standard for the builder and contractor audiences. BRK Brands, Inc. products are found in more than 30 countries worldwide. For more information, visit http://www.firstalert.com, http://www.brkelectronics.com or http://www.newellbrands.com.
About Newell Brands
Newell Brands (NASDAQ: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Paper Mate®, Sharpie®, Dymo®, EXPO®, Parker®, Elmer's®, Coleman®, Marmot®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Rubbermaid Commercial Products®, Graco®, Baby Jogger®, NUK®, Calphalon®, Rubbermaid®, Contigo®, First Alert®, Mapa®, Spontex® and Yankee Candle®. For hundreds of millions of consumers, Newell Brands makes life better every day, where they live, learn, work and play.
Additional information about Newell Brands is available on the company's website, www.newellbrands.com. Â
©2020 BRK Brands, Inc., Aurora, IL 60504. All rights reserved.
BRK Electronics® is a registered trademark of BRK Brands, Inc., Aurora, IL 60504.
Nasdaq® is a registered trademark of The Nasdaq Stock Market, Inc.
Contacts: Sara Tatay or Claire Vartabedian
L.C. Williams & Associates
P: 312-565-3900 or 800-837-7123
statay@lcwa.com or cvartabedian@lcwa.comÂ
View original content to download multimedia:http://www.prnewswire.com/news-releases/home-safety-efforts-heat-up-this-summer-301104005.html
SOURCE First Alert
Sam's Club Partners With Button and Rakuten Advertising to Transform Its Affiliate Program Through Reach(TM)
NEW YORK, Aug. 4, 2020 /PRNewswire/ -- Button, the leading mobile technology company, and Rakuten Advertising, the top global affiliate marketing network, today announced the integration of Button software to drive app installs, and boost sales as well as repeat purchases for brands. Through Reachâ„¢, Button's latest product that offers its deep linking and app-tracking technology as a service to affiliate network traffic, brands are able to convert moments of high intent into lifetime value enhancements through app installs.
By leveraging Rakuten Advertising's expansive publisher network and Button's Reach technology, leading retailers and mutual customers like Sam's Club are able to enhance the user experience by seamlessly routing users to apps they already have installed, to extend the brand experience for loyal shoppers, increase the usage of a retailer's app, and reap the benefits of higher conversion rates from in-app shopping sessions.
All the while, brands can manage partnerships and view their app affiliate data from Button on their Rakuten Advertising dashboards. In addition, publishers benefit from app payouts without having to update links, while consumers enjoy a shopping experience that moves seamlessly between Rakuten Advertising publisher sites and branded apps.
"Reach has created a major opportunity to utilize the affiliate channel to drive installs," said Rick Ton, Senior Director, Marketing, Sam's Club. "By working with Button and Rakuten Advertising through Reach, affiliate marketing has become a major engine that fuels Sam's Club's key mobile initiatives, more than we ever thought it could before."
"Together, Rakuten Advertising and Button are creating value for our clients by giving them a way to engage with their users in the mobile affiliate space," said Jeff Wender, Chief Revenue Officer at Rakuten Advertising. "By partnering with Button to create new ways for brands to engage consumers, we're also helping marketers to deliver on the experience and value that consumers seek." Â
"Acquiring new app users has historically been dominated by two channels—Facebook and Google. Today, we are shaking things up by offering marketers a new opportunity for driving app acquisition through their affiliate channel with Reach," said Michael Jaconi, Co-Founder and CEO of Button. "With app users being three to five times more valuable for retailers, Button and Rakuten Advertising are enabling Sam's Club to gain more loyal users from their affiliate traffic, and this integration requires no integration work from any parties."
For more information on Reach, visit usebutton.com/reach.
About Button
Button (usebutton.com) is the mobile commerce technology company that is powering a commerce-driven internet. As the leading mobile commerce enablement platform, Button powers mobile growth for the world's largest brands and publishers, while offering consumers more seamless, enjoyable experiences. With each action taken, brands make sales, publishers earn revenue, and consumers get exactly what they want at the tap of a button. Founded in 2014, Button has driven over $3 billion in spending to date and has raised over $64 million in venture capital. With offices in New York City, San Francisco, and London, Button has consistently been recognized as one of the best places to work by Fortune, Inc., Entrepreneur, and Crain's.
About Rakuten Advertising
Rakuten Advertising connects leading agencies, brands and publishers to active and engaged consumers around the world. With access to Rakuten's diverse media properties and audiences, combined with an award-winning performance network and proprietary consumer research, Rakuten Advertising creates the right conditions to reach new customers and sustain long-lasting loyalty. Its foundation of advanced technology, data and strategic services positions Rakuten Advertising to offer a differentiated suite of marketing and advertising solutions, while constantly pushing the industry forward. It is a division of Rakuten Inc. (4755: TOKYO), one of the world's leading Internet service companies. The company is headquartered in San Mateo, CA, with offices throughout EMEA, APAC, LATAM and North America. Learn more at RakutenAdvertising.com.
View original content to download multimedia:http://www.prnewswire.com/news-releases/sams-club-partners-with-button-and-rakuten-advertising-to-transform-its-affiliate-program-through-reach-301105158.html
SOURCE Button
DAP Extreme Stretch Acrylic Urethane Sealant Now Available in 13 Colors
BALTIMORE, Aug. 4, 2020 /PRNewswire/ --Â Extreme temperature and weather fluctuations cause a house to expand and contract, which can lead to some sealants cracking or losing adhesion, both inside and outside the home. DAP, a leader in the home improvement and construction products industry, introduced Extreme Stretch, an Acrylic Urethane Sealant that combines the superior flexibility and adhesion of a polyurethane with the paintability and ease of use of an acrylic latex.
Extreme Stretch is specially formulated to provide exceptional flexibility and superior adhesion to a wide variety of building materials. It can fill gaps up to 3 inches wide and stretches up to 600% for an extremely durable seal that won't crack. DAP has expanded the Extreme Stretch product line to include 12 new colors designed to match the most common building substrates for windows, doors and siding. The new color assortment now includes white, clear, almond, tan, limestone, woodtone, dark brown, gray, slate gray, iron stone, redwood, pine green and black.
The premium performance sealant is ideal for all types of users such as window, door and siding installers, professional painters, general contractors, remodelers, home builders and do-it-yourselfers who want a versatile, waterproof and weatherproof seal that is easy to use and guaranteed for life.
"Extreme Stretch provides excellent flexibility to move with your house without cracking or losing adhesion," said Justin Lingenfelser, Product Manager at DAP. "With the addition of 12 new colors, you can get that professional finish quickly without the need to paint. When it comes to finishing a crown molding installation or mounting a window or door, Extreme Stretch has the performance you need for a durable, long-lasting seal."
Extreme Stretch is ideal for a wide variety of applications both inside and outside, such as sealing around windows, doors, siding, trim, baseboards, molding and more. It is available at a variety of local home improvement retailers nationwide. For more information, visit www.dap.com.Â
About DAP Products Inc.
Founded in 1865, DAP is a leading manufacturer and supplier of caulks, sealants, foam, adhesives, and patch and repair products with a history of first-to-market innovations. For 155 years, DAP has provided professional contractors, remodelers and do-it-yourselfers with trusted, quality, reliable, and long-lasting products.
For more information about DAP products and applications, visit our website at www.dap.com.
Â
View original content to download multimedia:http://www.prnewswire.com/news-releases/dap-extreme-stretch-acrylic-urethane-sealant-now-available-in-13-colors-301105107.html
SOURCE DAP Products Inc.
Stoneweg US Continues Corporate Growth: Hires Ryan Smyth as Director of Acquisitions
ST. PETERSBURG, Fla., Aug. 4, 2020 /PRNewswire/ --Â Stoneweg US, a real estate investment firm specializing in multifamily acquisitions and developments, announced the hiring of Ryan Smyth on August 3, 2020. Smyth joins Stoneweg US as the Company's Director of Acquisitions to help source, underwrite, negotiate, and close the Company's future acquisitions, and will serve as a liaison for the investor committees of both the Varia US Properties AG fund and the SW Fund I, which was recently launched in February.
"Ryan will be a tremendous addition to the Stoneweg US team; as we continue to build our Company's portfolio, his expertise and track record will prove invaluable to us as we continue our hyper growth," said EVP and Chief Investment Officer Ryan Reyes. "I'm really looking forward to working with Ryan and having him join our excellent team."
Smyth joins the Stoneweg US team from 29th Street Capital, a real estate investment firm with a strong focus on the multifamily sector and a total portfolio value upwards of $1 Billion, where he was the VP of Acquisitions and responsible for the firm's $100MM expansion into the Florida market. Prior to his tenure with 29th Street Capital, Smyth worked for real estate investment and property management company, Venterra Realty Management as the Associate Director of Acquisitions where he led all acquisition efforts and repositioning/value-add strategies in the state of Florida to contribute to the company's overall portfolio currently valued at $2.5 Billion.
Stoneweg US recently celebrated a milestone by reaching $1 Billion in total portfolio value in February 2020. Ryan Smyth represents the third new hire for the company this year having also added Charles Hamm (Accounting Manager) and Blake Bryant (Finance and Development Analyst) to bring the SWUS team to a total of 18 employees.
About Stoneweg US
Stoneweg US is a multifamily real estate investment and development firm located in the heart of downtown St. Petersburg with a portfolio of over 11,500 units valued at approximately $1 Billion. The Company invests in multifamily assets positioned for strong growth and focuses on increasing investor returns, while improving resident experience through a variety of value-add strategies. For more information, please visit: www.stoneweg.us.
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View original content to download multimedia:http://www.prnewswire.com/news-releases/stoneweg-us-continues-corporate-growth-hires-ryan-smyth-as-director-of-acquisitions-301105761.html
SOURCE Stoneweg US, LLC
Canada and Prince Edward Island invest in three sporting facilities in Summerside for 2023 Canada Winter Games
SUMMERSIDE, PE, Aug. 4, 2020 /CNW/ - The health and well-being of Canadians are the top priorities of the Governments of Canada and Prince Edward Island. But the COVID-19 pandemic has affected more than Canadians' personal health. It is having a profound effect on the economy.
That is why governments have been taking decisive action together to support families, businesses and communities, and continue to look ahead to see what more can be done.
As Prince Edward Island is set to host the 2023 Canada Winter Games, strategic investments in sports and recreation facilities will play a key role in ensuring Islanders deliver a world-class event and create a sporting legacy for the province.
Bobby Morrissey, Member of Parliament for Egmont, on behalf of the Honourable Catherine McKenna, Minister of Infrastructure and Communities; the Honourable Steven Myers, Minister of Transportation, Infrastructure and Energy; and His Worship Basil L. Stewart, Mayor of the City of Summerside, announced funding today for three projects that will build or improve facilities in Summerside for the 2023 Canada Winter Games.
These projects include upgrades to the Credit Union Place athlete training and hosting facilities and the Silver Fox Curling Club, in addition to the construction of a new multi-purpose training facility. Over the long-term, the new and improved facilities will build Summerside's capacity to attract major sporting events. The modern facilities will also support local athlete development and promote active lifestyles for residents of all generations.
The Government of Canada is investing more than $2.4 million in these projects through the Community, Culture and Recreation Infrastructure Stream of the Investing in Canada infrastructure plan. The Government of Prince Edward Island is providing over $2 million, while the City of Summerside and project recipients are providing a total of more than $2.3 million.
The governments of Canada and Prince Edward Island are working cooperatively to support jobs, improve communities and build confidence, while safely and sustainably restoring economic growth.
Quotes
"Investing in modern and accessible recreation infrastructure is essential to building healthy, inclusive, and resilient communities. These new and upgraded venues in Summerside will help bring the 2023 Canada Winter Games to life, and support local athlete development for years to come. Projects such as these also create jobs and build stronger communities for Islanders."
Bobby Morrissey, Member of Parliament for Egmont, on behalf of the Honourable Catherine McKenna, Minister of Infrastructure and Communities
"Local sport and recreation centres are a fundamental part of our Island communities. They are places we gather with our friends, our families and our teammates. These infrastructure investments will allow both Islanders and visitors to enjoy and use these facilities into the future."
The Honourable Steven Myers, Minister of Transportation, Infrastructure and Energy
"These additions to our community are yet another example of our City's commitment to health and wellness in addition to our ongoing success as a sport hosting destination of choice. The addition of a new year-round multipurpose training and competition facility along with substantial improvements to the premium seating capacities at Credit Union Place are a wonderful addition to our already state of the art facilities in Summerside."
His Worship Basil L. Stewart, Mayor of Summerside
Quick facts
- Through the Investing in Canada infrastructure plan, the Government of Canada is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada's rural and northern communities.
- $25.3 billion of this funding is supporting social infrastructure in Canadian communities.
- The Government of Canada has invested more than $350 million in more than 125Â infrastructure projects across Prince Edward Island under the Investing in Canada plan.
Related product
Backgrounder
Canada and Prince Edward Island invest in three sporting facilities in Summerside for 2023 Canada Winter Games
Joint federal, provincial, municipal and recipient funding through the Investing in Canada infrastructure plan will support three recreation infrastructure projects in Prince Edward Island. These investments will support healthier and more sustainable communities.
The Government of Canada is investing more than $2.4 million in the following projects through the Community, Culture and Recreation Infrastructure Stream of the Investing in Canada infrastructure plan. The Government of Prince Edward Island is providing over $2 million, while the City of Summerside and project recipients are providing a total of more than $2.3 million.
Project Information:
| Project Name | Project Details | Federal Funding | Provincial Funding | Municipal / Other Funding |
| Canada Games 2023 Summerside Multi-purpose Training Facility | The construction of a new multi-purpose indoor/outdoor training facility to host the 2023 Canada Winter Games. The project will provide residents in the Prince County area with an innovative and multi-purpose year-round training facility, improving access to training and sports. | $2,040,000 | $1,699,830 | $2,125,170 |
| Canada Games 2023 Credit Union Place Athlete Training and Hosting Upgrades | Upgrades to the facilities at Credit Union Place include gym training space as well as five new skybox lounges. The project is required to accommodate the 2023 Canada Winter Games and future world-class sports and entertainment events. | $180,000 | $217,485 | $120,015 |
| Canada Games 2023 Silver Fox Curling Club Upgrades | The rehabilitation and upgrades will allow the facility to meet current national sporting event standards, and to accommodate the Canada Winter Games in 2023, as well as future events. Â These include the renovation of the athletes' changing rooms, spectator viewing area, and reception area; upgrades to lighting and sound systems; replacement of the existing field-of-play viewing system for each curling sheet; upgrades to signage; and fixed spectator seating. | $200,000 | $166,650 | $133,350 |
Associated links
Government of Canada Resources - Coronavirus disease (COVID 19):
www.canada.ca/coronavirus
Investing in Canada Plan Project Map:
http://www.infrastructure.gc.ca/map
Federal infrastructure investments on Prince Edward Island:
https://www.infrastructure.gc.ca/investments-2002-investissements/pe-eng.htmlÂ
Investing in Canada: Canada's Long-Term Infrastructure Plan:
http://www.infrastructure.gc.ca/plan/icp-publication-pic-eng.html
Follow us on Twitter, Facebook and InstagramÂ
Web: Infrastructure Canada
SOURCE Infrastructure Canada
Bauer Hockey Picks Qualtrics CoreXM
SALT LAKE CITY and SEATTLE, Aug. 4, 2020 /PRNewswire/ --Â Qualtrics, the leader in customer experience and creator of the experience management category, today announced that Bauer Hockey, the No. 1 brand in hockey, has selected Qualtrics CoreXM.
CoreXM is the foundation of experience management and the most complete and trusted insight solution on the market. Organizations can start their XM journey using CoreXM to tap into the right listening channels, gather critical insights, and enable real-time action. To learn more, visit www.qualtrics.com/core-xm/.
About Qualtrics
Qualtrics, the leader in customer experience and creator of the Experience Management (XM) category, is changing the way organizations manage and improve the four core experiences of business––customer, employee, product, and brand. Over 11,000 organizations around the world are using Qualtrics to listen, understand, and take action on experience data (X-data™)––the beliefs, emotions, and intentions that tell you why things are happening, and what to do about it. The Qualtrics XM Platform™ is a system of action that helps businesses attract customers who stay longer and buy more, engage employees who build a positive culture, develop breakthrough products people love, and build a brand people are passionate about. To learn more, please visit qualtrics.com.
Contact: press@qualtrics.com
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SOURCE Qualtrics
Zilliant and Standav Announce Official Partnership
AUSTIN, Texas, Aug. 4, 2020 /PRNewswire/ -- Zilliant, the industry leader in intelligent B2B price optimization, price management and sales guidance software, today announced its official partnership with Standav, a leading technology solutions company.
"After many years of working closely with Zilliant, we're extremely happy to enter this official partnership," said Standav Founder and Chief Executive Officer Harsha Reddy. "Zilliant has a long-standing track record of helping B2B companies address their most challenging pricing issues, we look forward to bringing these capabilities to our customers in an official capacity."
Customers of Standav now have access to Zilliant's expertise in building tailored pricing solutions that help them reimagine pricing through a unique blend of data science and software. As the implementation partner, Standav assists enterprises with pricing needs, from rules-based pricing approaches to the most sophisticated AI-driven price optimization.
"We're thrilled to announce this official partnership with Standav," said Greg Peters, Zilliant president and chief executive officer. "The company's track record for successful project implementations will help our joint customers be successful in their deployments of new technologies."
About ZilliantÂ
Zilliant's solutions help B2B companies solve a wide range of pricing and sales challenges, allowing them to gain more strategic control of their business performance using an innovative blend of data science and software solutions. Our innovative cloud native platform and applications, paired with an outcome-focused dedication to customer success, gives company leaders the confidence and know-how to remain competitive now and in the future. Learn more about how Zilliant helps companies reimagine pricing and sales at www.zilliant.com.
About Standav
Standav Corp is a leading consulting firm, driving digital transformations that help enterprises revolutionize the customer experience. Being a technology partner to several Fortune 500 firms, they deliver client-focused solutions with maximum impact on their business. Operating since 2009, they have more than 200 consultants certified in Salesforce, CPQ, and Pricing Solutions. They are located in Santa Clara, California and Dallas, Texas with offshore locations in Hyderabad and Bangalore (India). More information at www.standav.com.
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SOURCE Zilliant
Current becomes first mobile bank to launch points rewards
NEW YORK, Aug. 4, 2020 /PRNewswire/ --Â Current, a leading U.S. challenger bank serving Americans overlooked by traditional banks, today announced the launch of its points rewards program for all members. Current becomes the first mobile bank in the U.S. to offer points rewards on debit purchases for its members, who have now deposited over $1 billion in Current.
Current members can earn up to 15x points on purchases at over 14,000 merchants, including local businesses and national retailers such as Subway, Rite Aid, True Value and Cold Stone Creamery. Points are earned instantly after purchases at participating merchants and can be redeemed for cash in the Current app at a rate of 100 points per dollar.
"We are proud to lead innovation among challenger banks and to be the first to launch points rewards for our members," said Stuart Sopp, CEO and Founder, Current. "We are committed to building products that put more money into our members' pockets and help close the growing wealth inequality gap in this country. Over 130 million Americans are living paycheck to paycheck, and we are giving them additional cash back on their everyday purchases."
At gas stations alone, Current members are expected to earn $165 a year in cash back just from swiping their Current Card at the pump. New offers are added regularly and members can find all offers on a map in the Current app.
"With so many Americans working hard to make ends meet we will continue to build products that help improve our members' financial situations," Sopp said. "Reaching over $1 billion in deposits over the last year is a testament to the trust our members have put in us as their primary bank and that we are solving their banking needs."
About Current
We are a leading U.S. challenger bank built to meet the needs of people with unique lives who have been overlooked by the traditional banking industry. Our proprietary Current Core technology allows us to provide premium banking services for everyone, regardless of age or income, and improve the financial outcomes of our members without overdraft fees, minimum balance requirements, or hidden fees. We give members up to two days faster direct deposit paychecks, free overdrafts up to $100 with Overdrive™ , points on purchases redeemable for cash back, access to 55,000 free ATMs worldwide as well as 24/7 member support 365 days a year. To learn more about us, visit http://www.current.com or download our app on the App Store or Google Play.
Current is now backed through investments from Foundation Capital, Wellington Management Company, QED Investors, EXPA, Galaxy Digital, CUNA Mutual Group and Elizabeth Street Ventures.
Media Contact:
Erin Bruehl
Director of Communications, Current
media@current.com
Â
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SOURCE Current
Leading Global Economist on COVID-19 and Financial Recovery: "We Cannot Win the War But Lose the Peace"
WASHINGTON, Aug. 4, 2020 /PRNewswire/ --Â The economic scars caused by COVID-19 will be felt for a long time, but future shocks must be avoided through strong global leadership, advanced public-private partnerships, renewed international cooperation, and increased social responsibility across industries, according to Allianz's Chief Economic Advisor Mohamed El-Erian.
Speaking on Podbridge, a new podcast series launched by the UAE Embassy and hosted by UAE Ambassador to the US Yousef Al Otaiba, El-Erian described the systemic economic risks caused by COVID-19, while in contrast, the Great Recession of 2008 was concentrated within the financial system. Today's economic crisis will demand ongoing and complex interventions by international institutions, central banks, and national governments. Many people will require sustained economic relief simply to survive. Until a vaccine is proven effective, measures must be taken to ensure the ongoing health, safety, and economic productivity of society.
The Cambridge and Oxford trained economist noted that while interventionist policies during the 2008 financial crisis prevented an economic depression, they did not foster long lasting, durable and inclusive growth across all segments of society. This failing resulted in financial insecurity for many households which was worsened by the pandemic. "We cannot repeat the mistake of the global financial crisis, which was to win the war against the depression, but fail to secure the peace," El-Erian warned.Â
COVID-19 has exposed just how contentious the U.S.-China relationship has become. "This is no longer a separation with a view to getting back together – this is a divorce; it either can be amicable or adversarial," said El-Erian. As the onshoring of U.S. industries from China occurs, this decoupling should be gradual, but also requires a basic level of cooperation by both parties in areas where there are joint responsibilities. "Partnerships must be maintained on issues of global concern from tackling climate change to the pandemic response – the divorce is real, but we still have kids and joint responsibilities," El-Erian noted.Â
Ambassador Al Otaiba and El-Erian agreed that a unified international approach will be necessary to revitalize the global economy. This requires making capitalism more inclusive and solving for globalization's shortcomings, just as we make corrections for market failures.
Despite the challenges ahead, El-Erian closed on a hopeful note, observing a few silver linings emerging from the pandemic. "COVID-19 has sparked an emphasis on technological innovation and Artificial Intelligence applications; scientists across the world are collaborating on vaccine developments; and with the disruption to normal life, a renewed focus on corporate social responsibility, health and wellness, and caring communities has emerged," El-Erian added.
"In the UAE, the pandemic has taught us to accelerate our focus on technology, to continue breaking barriers in fields like space exploration, and to reimagine our education system," said Ambassador Al-Otaiba. "Yet this national strategy is paired with an international approach. The global community must come together to tackle major issues affecting our societies from COVID-19 to climate change and nuclear nonproliferation. We will not succeed if nations pursue their own path, with some countries advancing forward and others left further behind."
Mohamed A. El-Erian is the chief economic adviser at Allianz SE, the parent company of Pimco, where he served as CEO and co-CIO. He is president-elect of Queens' College, Cambridge, senior adviser at Gramercy and professor of practice at Wharton. His books include "The Only Game in Town" and "When Markets Collide."
Podbridge is available on all major podcast platforms, including Apple Podcasts, Google Podcasts, Spotify, and other podcast services. For more information about Podbridge, visit www.podbridge.com and receive updates on Twitter @UAEUSAUNITED and Facebook.
Lamiyae Jbari
ljbari@uaeembassy-usa.org
202 243 2464
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SOURCE Embassy of the United Arab Emirates
CBD Dog Health Appoints Dr. Zac Pilossoph as Chief Veterinary Officer
TAMPA, Fla., Aug. 4, 2020 /PRNewswire/ -- CBD Dog Health, the leading provider of full spectrum CBD products for pets, announces the appointment of Dr. Zac Pilossoph, Certified DVM, CAVM, and CBD Professional, as the company's new Chief Veterinary Officer. As demand for pet products containing cannabinol (CBD) continues to skyrocket, Dr. Pilossoph brings experience as a global veterinary cannabis educational expert to CBD Dog Health's hemp-derived solutions for pets.
As one of the world's most cannabis-focused vets, Dr. Pilossoph will play a vital role in overseeing the quality, control and consistency of CBD Dog Health's holistic hemp product lines – including CBD oils, topicals and treats. Working alongside Angela Ardolino, Co-Founder of CBD Dog Health and Certified Cannabis Specialist, Dr. Pilossoph will serve as a premier advisor to pet parents and veterinary communities by providing personalized, medical cannabis consultations based on each pet's specific conditions and ailments.
"We're thrilled to welcome Dr. Zac Pilossoph to CBD Dog Health, and are confident that his experience in cannabis-based medicines for animals will propel the brand, and overall usage of CBD treatments for pets, forward," said Angelina Ardolino, Co-Founder of CBD Dog Health, Certified Professional in Medical Cannabis Biology and Therapeutic Use from the University of Vermont School of Medicine and Accredited Terpene Specialist by Cannabinoid Medicine Studies.Â
A nationally recognized veterinarian and Certified CBD Professional Educator from CBD Training Academy, Dr. Pilossoph began studying medical cannabis for animals after graduating from Tufts University Veterinary School of Medicine. Frustrated by the difficulty he saw pet parents experiencing when trying to find the right information about CBD, Dr. Pilossoph dedicated himself to advocating and educating on evidence-based information to help guide the therapeutic uses of medicinal cannabis on animals.Â
To learn more about Dr. Pilossoph, listen to his interview on "It's a Dog's Life Podcast with Angela Ardolino" on Cannabis Radio, and visit his website at http://validvet.org/. For more information about CBD Dog Health or to purchase products for delivery to all 50 states, please visit https://cbddoghealth.com/.
About CBD Dog Health
CBD Dog Health is a pet wellness company that offers a range of all-natural, full spectrum CBD products specifically made to help relieve and heal pets naturally.
Media Contact:
5W Public Relations
cbddoghealth@5wpr.com
212.999.5585
Â
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SOURCE CBD Dog Health
Research Centers of America Begins Recruiting Healthy Workers for COVID-19 Vaccine Clinical Trial
HOLLYWOOD, Fla., Aug. 4, 2020 /PRNewswire/ -- Research Centers of America (RCA), Broward County's largest independent research site, is currently conducting COVID-19 vaccine trials, implemented under Operation Warp Speed (OWS). RCA is recruiting volunteers to participate in these clinical trials, working with the Federal Government and many major Pharmaceutical Companies, which developed a vaccine to potentially prevent COVID-19.Â
The first trial will be for Moderna, which is expected to enroll approximately 30,000 participants in the United States. RCA will recruit between 300 to 500 participants for Moderna's trial alone.Â
Moderna (July 27th Press Release):Â
"The Phase 3 study protocol follows the U.S. Food and Drug Administration (FDA) guidance on clinical trial design for COVID-19 vaccine studies. The randomized, placebo-controlled trial is expected to include approximately 30,000 participants in the United States, testing an mRNA-1273 dosage of 100 µg. The primary endpoint will be the prevention of symptomatic COVID-19 disease. Key secondary endpoints include prevention of severe COVID-19 disease (as defined by the need for hospitalization) and prevention of infection by SARS-CoV-2 regardless of symptomology. SARS-CoV-2 is the virus that causes COVID-19.Â
The primary efficacy analysis of the Phase 3 study will be an event-driven analysis, based on the number of participants with symptomatic COVID-19 disease. To ensure the ongoing safety and monitoring of the participants in the trial, data will be reviewed by an independent Data and Safety Monitoring Board organized by NIAID throughout the study. The clinicaltrials.gov identifier is NCT04470427."Â
Research Centers of America is honored and excited to begin this process and to be a part of the fight against the Coronavirus, which has dramatically affected the entire world we live in. RCA is using every possible channel and means at their disposal to inform and involve the community in this important mission and study.Â
Dr. Howard Schwartz, Chief Medical Officer at Research Centers of America, met with several news media channels and was also part of a roundtable discussion with Vice President Mike Pence, school leaders and members of the Miller School of Medicine, along with several other researchers working to end the ongoing battle against the Coronavirus.Â
"Today is a day of hope,"Â Pence concluded. "Today is a day of promise. If all of us continue to do all we can, we're going to reach the day when we put this coronavirus behind us."Â
About RCA:Â
RCA is an independently owned and operated research company. RCA specializes in conducting Phase I-IV vaccines and CNS trials for pharmaceutical and biotech companies. At RCA we are committed to delivering solid science and applying strict adherence to GCP/ICH, as well as training according to FDA Code of Federal Regulations. Committed to the integrity and quality of our work, RCA delivers accurate results and aims to exceed our goals in medical advancement.Â
RCA team members have been leaders in the clinical trial industry for the past 25 years, successfully executing over 1000 research studies across multiple therapeutic areas. Dr. Schwartz has done approximately 250 vaccine trials. The clinical team has built a solid reputation over the years by dedicating themselves to be a truly exceptional, first-in-class, independently owned and operated clinical research site - which consistently sets RCA apart from the standard.Â
Research Centers of America - DISCOVERING NEW TREATMENTS AND CHANGING LIVES.Â
7261 Sheridan Street, Suite 210,Â
Hollywood, FL 33024Â
Recruitment (954) 919-7723Â
Text us at 954-588-4500 to enroll today!Â
www.rcatrials.comÂ
Media Contact: adi.nelson@rcatrials.com
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SOURCE Research Centers of America
Texas Distribution Center Offered By A&G in Stage Stores Bankruptcy
MELVILLE, N.Y., Aug. 4, 2020 /PRNewswire/ -- In its capacity as real estate advisor for Stage Stores, Inc., A&G Real Estate Partners is now accepting bids on the retailer's Jacksonville, Texas distribution center and two other properties. The Houston-based chain filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in May 2020.
A&G is marketing the fee interest for the 435,196-square-foot facility, located at 506 Beall Blvd. in the Cherokee County municipality. Situated on a 42.51-acre parcel that includes undeveloped land for expansion, the distribution center was built in 1985 and has undergone multiple rounds of modernization to accommodate brick-and-mortar and e-commerce fulfillment.
"This strategically located, state-of-the-art property offers an excellent turnkey opportunity for retailers and other companies seeking to enhance their footprint for direct-to-consumer and/or brick-and-mortar fulfillment," said Mike Matlat, Senior Managing Director at Melville, N.Y.-based A&G. "The site is also highly attractive to investors looking to capitalize on the booming warehouse/distribution real estate market in this key Sunbelt state."
The single-level, climate-controlled building includes a mezzanine, 32 dock doors, and clear heights ranging from 32 feet to 38 feet. The site provides ample space for trailer parking and staging (approximately 150 trailer spaces excluding the overflow area), 350 employee parking spaces, and includes undeveloped land for expansion. Located on the future I-69 route and off the I-20 corridor, Jacksonville draws from a skilled, working-age population of 130,000 within a one-hour drive.
"The Jacksonville site is being offered on a turnkey basis but can also be repurposed to meet a buyer's specific requirements," said Matlat. "It comes equipped with a high-speed 'pouch' sortation system that is ideal for SKU-level order fulfillment, a hang sorter and a tilt sorter–both configured to handle over 500 drop locations, along with high-speed conveyors, extensive material handling equipment, and high-bay racking."
The building supplied as many as 540 stores and processed 64 million merchandise units in 2019, representing a blend of apparel, shoes, home, and beauty products. The pouch sortation system handled upwards of 80,000 units each day during holiday peak.
A&G is also offering two other properties owned by Stage Stores: an income producing industrial RTV (return to vendor) center in Jacksonville and a retail site in Logan, West Virginia. Located on 6.45 acres at 1020 Willowcreek Dr., the 125,232-square-foot RTV center is 27% occupied by a single tenant paying rent of $245,000 annually. The retail property is a freestanding, 24,332-square-foot, single-level building set on 0.28 acres at 321 Stratton St. in Logan.
For further information on the three properties, contact: Mike Matlat, 631-465-9508, mike@agrep.com; or Jamie Cote, 312-203-6321, jcote@agrep.com. Additional information can be found at www.agrep.com
About A&G Real Estate Partners
A&G is a team of seasoned commercial real estate professionals and subject matter experts that delivers strategies designed to yield the highest possible value for clients' real estate. Key areas of expertise include real estate due diligence, valuations, dispositions, lease restructurings, acquisitions, structured real estate sales, and facilitation of growth opportunities. Utilizing its marketing knowledge, reputation and advanced technology, A&G has advised the nation's most prominent retailers and corporations in both healthy and distressed situations. The firm's team has achieved rent-reduction and occupancy-cost savings approaching $6 billion on behalf of clients in every real estate sector, while selling more than $12 billion of non-core properties and leases. Founded in 2012, A&G is headquartered in Melville, N.Y. and also has an office in Chicago. For more information, please visit: http://www.agrep.com/Â
Media Contacts: At Jaffe Communications, Bill Parness, (732) 673-6852, 244700@email4pr.com , or Elisa Krantz, (908)-789-0700, 244700@email4pr.com
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SOURCE A&G Real Estate Partners
Maya Capital Partners Acquires Self Storage Facility in Sparta, N.J.
SPARTA, N.J., Aug. 4, 2020 /PRNewswire/ --Â Maya Capital Partners, LLC ("MCP") is pleased to announce the acquisition of a 58,000 SF, 505-unit, self storage facility located in Sparta, New Jersey for $6.85 million.
The property, formerly known as Super Self Storage Center and Bins & Bays Self Storage, is located at 19 & 32 White Lake Road off of Route 15, the area's primary retail corridor. The business will now operate as Sparta Drive-Up Storage (www.drive-upstorage.com), and features a combination of indoor, climate controlled and drive-up units.  The property will be managed by Evergreen Property Advisors, an affiliate of MCP.Â
Sparta Drive-Up Storage is located adjacent to the grocery anchored Shops at North Village and Residences at North Village, the largest retail and residential development project in Sussex county in recent history. "The asset is a great addition to our portfolio and fits perfectly into our core investment strategy. At MCP, we focus on acquiring assets in key locations with an opportunity to improve operations with technology.," stated Jason Lami, Managing Partner of MCP. The adjacent shopping center features a state-of-the-art 80,000 SF ShopRite grocery store, a dozen smaller national retailers, 58 townhomes, 60 multifamily dwellings, a 72 unit Assisted Living Facility, and 92 single family homes.
This marks MCP's second commercial real estate acquisition during the Covid-19 pandemic, the first of which was a $68 million multifamily property located in Parsippany, NJ, purchased through a joint venture in April 2020. "During this challenging global pandemic, we have remained consistent with our strategy since inception," stated Jason Lami, Managing Partner of MCP, "where we seek long-term value by investing in self-storage facilities, as well as stabilized, defensive, Class A multifamily properties in primary markets. We view this acquisition as a long-term hold, which provides our portfolio with a high-quality asset at an attractive basis, and a healthy going-in yield.  As a firm, we are well capitalized with strong partnerships and are aggressively seeking new opportunities."
About Maya Capital Partners
Maya Capital Partners, LLC is a real estate investment firm based in New York City which focuses on acquiring undervalued assets in strong markets. The firm is actively deploying +$100 million of equity towards increasing its self storage and multifamily portfolio holdings. www.mayacp.com
Maya will also be expanding its property management platform, Evergreen Property Advisors, into third party property management. The team has the track record and scale to share its proprietary management process and technology with its clients. For more information, please reach out to info@mayacp.com.
Â
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SOURCE Maya Capital Partners, LLC
iiPay Opens Asia Pac Hub in Singapore
DALLAS and SINGAPORE, Aug. 4, 2020 /PRNewswire/ -- iiPay, a market-leader in providing global payroll solutions to multi-national corporations, released details of the new office opening earlier this year in Singapore. Singapore serves as the hub for the Asia Pacific operations and represents an exciting juncture of continued growth and investment in supporting global clients through service excellence and market leading technical innovation. iiPay continues to grow and partner with its existing clients while adding new clients at a rapid pace. This focus on client service excellence and innovation has resulted in an average revenue growth rate exceeding fifty percent for the last three years. The Singapore office launch follows the previously announced launch of its Budapest Hungary hub earlier this year.
According to Absolute Reports, a research report company, the global Payroll and HR Software market is anticipated to rise at a considerable rate, during the forecast period, between 2020 and 2026. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. Clients in the fast-growing Asia Pacific region need increased payroll visibility and global reporting combined with compliance and accurate payroll delivery.
"iiPay's investment in the Asia Pac region represents a commitment to serve clients in an exciting growth market with tremendous opportunities to reduce complexities, ensure compliance, and provide a standardized approach to global payroll," stated Curtis Holmes, Chief Operating Officer, iiPay. "Our clients expect operational excellence in their currencies, local language, and time zone while respecting cultural norms. We expect to be our clients trusted payroll partner around the globe as they expand their business."
iiPay provides a truly global payroll solution, with a single technology platform to underpin day-to-day service delivery and enable effective compliance management, payment disbursements, data analytics and a single, standardized, Employee Self-Service experience across the globe.
About iiPay: iiPay is a service-focused global payroll provider, driven by their innovative cloud-based technology. iiPay's  technology solution empowers Payroll, HR and Finance professionals through advanced data management, analytics and business intelligence functionality, enabling the user to access and report on any global data at any time. Focused on outcomes, iiPay reduces complexity, centralizes and simplifies multi-country payroll processes, and ensures compliance in every country for their clients. iiPay are focused on being more than a payroll vendor; instead, they strive to be a true partner and an  extension of their client's payroll team, rather than an external provider. iiPay currently provide fully managed global payroll services in more than 170 countries. iiPay's relentless focus on service and software enhancements and the continued expansion of their footprint reflects the vision of the company to simplify global payroll and the ambition to 'Pay the Planet'.
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SOURCE iiPay
Context Business Lending Announces New Co-Chief Credit Officers and Risk Management Executive Talent to Support Their Exponential Growth and New Approach to Specialty Finance Asset-Based Lending (ABL).
BALA CYNWYD, Pa., Aug. 4, 2020 /PRNewswire/ --Â Context Business Lending ("CBL"), a leading family office-backed specialty finance company focused on asset-based lending ("ABL"), announced today new executive talent hires to support its rapid growth during this unprecedented time for the lending market and for small businesses. CBL has developed rapidly the past 24 months into an emerging market leader by investing in technology; data analytics; and human capital. The addition of these four senior executives was needed to support CBL's exponential portfolio growth over the past two years, nearly quadrupling the size of its portfolio as more middle-market businesses look to asset-based lending as an alternative financing solution.
Today's announcement showcases CBL's continued investment in people with the addition of Josh Beauvais to the management team and the promotion of Stephen Butler, both serving as Co-Chief credit officers for Context. Through the promotion of Stephen Butler to Co-Chief and a long, selective search process to find his Co-Chief Partner Josh Beauvais, CBL has taken a unique approach to its internal decision-making framework. Stephen Butler has spent the previous three years with CBL and has decades of experience in ABL, having worked for a number of well-known bank and non-bank ABL groups across the country. Josh Beauvais comes to CBL with a long history at Crestmark Bank, most recently as Special Assistant to the Chief Credit Officer, and has over fifteen years of financial service experience, 13 of which are in the asset-based lending space. Josh will co-lead CBL's new loan review process as well as ongoing borrower relationship management alongside Stephen. Stephen will be based out of CBL's home office outside of Philadelphia, PA and Josh will be based out of Detroit, MI.
Meredith L. Carter, CEO of Context Business Lending commented, "We believe that having two experienced, creative minds at the helm of credit optimizes our ability to create flexible working-capital solutions and lower our risk." Carter continued, "Even beyond our Co-Chiefs, every member of our credit team is empowered to independently analyze risk and challenge long-held ABL practices. We believe that through a collaborative decision-making framework, we can better maximize creativity and manage risk."Â
In addition, CBL recently hired two additional experienced members of its credit team: Carrie Brown as Underwriter and L. Baldwin Barkerding as Portfolio Manager. Carrie Brown spent the previous twelve years of her career with Sterling Commercial Credit and brings her experience to enhance CBL's Underwriting team. Baldwin comes to CBL with over a decade of experience in banking, and spent the last six years as a portfolio manager at Crestmark Bank. Carrie will be based out of Detroit, MI and Baldwin will be based out of New Orleans, LA.
CBL's team and portfolio growth cement its position as a vibrant, creative entrant to the national non-bank asset-based lending industry. Carter added, "as Albert Einstein wisely pointed out, 'the definition of insanity is doing the same thing over and over again, but expecting different results.'" CBL sees the largely unchanged asset-based lending world in a similar light. By creating good decision making frameworks and attracting experienced talent with a shared desire to do better than the status quo, CBL vows to innovate the industry. As its tagline succinctly puts it - Consider ABL Disrupted ®.
About Context Business Lending, LLC
Context Business Lending is a family office-backed specialty finance company focused on providing flexible working capital for lower middle market businesses that do not qualify for traditional bank financing. For companies that are liquidity strapped, have tripped covenants, require additional flexibility and/or are in seasonal businesses, CBL leverages accounts receivable, inventory, machinery and equipment and owner-occupied commercial real estate companies to provide $1MM-$50MM asset-based loans. During this period where COVID-19 is having a profound impact on working capital needs of many businesses, Context Business Lending is increasingly flexible and continuing to take a holistic view of a businesses' challenges and opportunities. CBL national in scope and sector agnostic and works with businesses in the manufacturing, distribution, wholesaling, consumer products, firearms, e-Commerce and service industries. To learn more, please visit www.ContextBL.com.
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SOURCE Context Business Lending
July 2020 ISM-New York Report on Business: The Rebound Continues
NEW YORK, Aug. 4, 2020 /PRNewswire/ --Â In July, New York City purchasing managers reported several 5- and 6-month highs while the Six-Month Outlook lost the gains reported in June, according to the survey taken by the Institute for Supply Management-New York
"While the improvement to Current Business Conditions is encouraging, the drop in Outlook is something to watch," said Kelly Barner, ISM-New York's Business Survey Chair and Owner of Buyers Meeting Point. "As more of the indices reach the breakeven point for multiple consecutive months, planning confidence can increase."
New York Metro
Current Business Conditions rose 14 points to 53.5 in July, increasing for the third month in a row and reaching a 15-month high. This month marks the first time Current Business Conditions have been above the breakeven point since February.
The Six-Month Outlook fell 17.5 points to 49.6, down from the 10-month high of 67.1 reported in June. The six-month outlook has been a reliable short-run guide for current business conditions over time.
Company Specific
Employment, a seasonally adjusted index, rose 16.8 points to reach a 6-month high of 50.3. Employment has not been above the breakeven point since January.
Quantity of Purchases fell 2.7 points to 42.0 from the 7-month high of 44.7 reported in June. Quantity has now been below the breakeven point since August of 2019, when it was at 50.0. It has not been above the breakeven point since May 2019, when it was at 56.6.
Top line and forward revenue guidance both increased for consecutive months but failed to reach the breakeven point in July. Current Revenues rose 13.2 points to a 5-month high of 43.8, up for the third straight month. Expected Revenues rose 7.2 points from 32.4 in June to 39.6 in July, marking the second consecutive month of increases and a 5-month high.Â
Prices Paid rose to a 6-month high of 64.0, up 3.5 points from June's 60.5.
About the ISM-New York Report on Business
The survey results are compiled as diffusion indices. A reading of 50% means no change from the prior month, greater than 50% indicates a faster pace of activity, and less than 50% a slower rate.
Current Business Conditions, Six-Month outlook, NY-BCI, and the Employment index are seasonally adjusted. All other measures are not. For more information visit http://www.ismny.com/reports-on-business/
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SOURCE Buyers Meeting Point, LLC
Cellcom Israel Announces a Purported Class Action Filed Against the Company
NETANYA, Israel, Aug. 4, 2020 /PRNewswire/ -- Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced today that a purported class action was filed against the Company, alleging that the Company unlawfully raised tariffs and therefore charged its customers for its services, in violation of its license, applicable law and the agreement with its customers. The amount claimed from the Company, if the lawsuit is certified as a class action, was estimated by the plaintiff to be approximately NIS 100 million. At this preliminary stage, the Company is unable to assess the lawsuit's chances of success.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is a leading Israeli communications group, providing a wide range of communications services. Cellcom Israel is the largest Israeli cellular provider, providing its approximately 2.747 million cellular subscribers (as at March 31, 2020) with a broad range of services including cellular telephony, roaming services for tourists in Israel and for its subscribers abroad, text and multimedia messaging, advanced cellular content and data services and other value-added services in the areas of music, video, mobile office etc., based on Cellcom Israel's technologically advanced infrastructure. The Company operates an LTE 4 generation network and an HSPA 3.5 Generation network enabling advanced high speed broadband multimedia services, in addition to GSM/GPRS/EDGE networks. Cellcom Israel offers Israel's broadest and largest customer service infrastructure including telephone customer service centers, retail stores, and service and sale centers, distributed nationwide. Cellcom Israel further provides OTT TV services, internet infrastructure and connectivity services and international calling services, as well as landline telephone services in Israel. Cellcom Israel's shares are traded both on the New York Stock Exchange (CEL) and the Tel Aviv Stock Exchange (CEL).
For additional information please visit the Company's website http://investors.cellcom.co.il.
| Company Contact Elad Levy | Investor Relations Contact Ehud Helft GK Investor & Public Relations Tel: +1 617 418 3096 |
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SOURCE Cellcom Israel Ltd.
John Tighe Departs Peerless Clothing
NEW YORK, Aug. 4, 2020 /PRNewswire/ -- John Tighe will be departing his role as president of Peerless Clothing International after leading the company for over two and a half years. He will continue to work with the Peerless team to complete open projects and ensure a smooth transition.
CEO Alvin Segal thanks John for his years of dedicated service. "He is a true professional who has led Peerless through great growth and the current crisis. John's ability to lead through turmoil has positioned our company to remain strong and prosperous for years."
"I am very grateful for the opportunity to have worked with an industry icon like Alvin Segal," says Tighe. "The Peerless team is best in class, and it has been an honor to lead them. I will be cheering for Peerless as they emerge stronger from this current crisis."
Peerless Clothing International is the largest producer of men's and boy's tailored clothing in North America, supplying most major department and specialty stores in the United States, Canada, and Mexico. Visit PeerlessClothing for details.
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SOURCE Peerless Clothing
