Florida-based HackerU, which creates cybersecurity and other digital skills programs, is acquiring Cybint, a SaaS-based cyber education company. TechCrunch sources understand this to be a $50M acquisition, though both companies declined to comment on the price. HackerU provided digital workforce training to students, post-graduate professionals, and the community in the U.S., Europe and Asia through […]
Cybersecurity trainer HackerU acquires Cybint for $50M, say sources
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Hundreds rally for striking coal miners in Alabama
BROOKWOOD, Ala. (AP) — Hundreds of union members from multiple states rallied Wednesday for Alabama miners who have been on strike against Warrior Met Coal Inc. since early April seeking contract improvements.
With many in the crowd holding signs decrying unfair labor practices and wearing camouflage T-shirts emblazoned with the words “We are one,” allies presented checks to aid the roughly 1,100 striking workers.
The United Mine Workers of America said busloads of members from states including Illinois, Indiana, Pennsylvania, Ohio, Kentucky and West Virginia planned to attend. Country and gospel singers entertained between speakers, and many in the crowd ate popsicles and sat under umbrellas or canopies.
The rally was held at a park in rural Brookwood near the offices of Warrior Met, which produces coal used in steel production in Asia, Europe and South America.
“We have begun the fifth month the miners at Warrior Met Coal have been striking for a fair and decent contract,” UMWA International President Cecil E. Roberts said in a statement before the rally. “We are not backing down. We are only getting stronger. The entire American Labor Movement is standing with us in this fight."
The strike includes the company’s No. 4 and No. 7 mines, a preparation plant and a central shop, all located in Tuscaloosa County. Labor and the company quickly reached an agreement to end the walkout a few days after it began on April 1, but members rejected the deal.
The union has said workers sacrificed to bring the company out of the Walter Energy bankruptcy five years ago, and members have advocated for better health benefits. Warrior Met has said it offered workers a competitive package that would protect jobs and the health of the company.
With many in the crowd holding signs decrying unfair labor practices and wearing camouflage T-shirts emblazoned with the words “We are one,” allies presented checks to aid the roughly 1,100 striking workers.
The United Mine Workers of America said busloads of members from states including Illinois, Indiana, Pennsylvania, Ohio, Kentucky and West Virginia planned to attend. Country and gospel singers entertained between speakers, and many in the crowd ate popsicles and sat under umbrellas or canopies.
The rally was held at a park in rural Brookwood near the offices of Warrior Met, which produces coal used in steel production in Asia, Europe and South America.
“We have begun the fifth month the miners at Warrior Met Coal have been striking for a fair and decent contract,” UMWA International President Cecil E. Roberts said in a statement before the rally. “We are not backing down. We are only getting stronger. The entire American Labor Movement is standing with us in this fight."
The strike includes the company’s No. 4 and No. 7 mines, a preparation plant and a central shop, all located in Tuscaloosa County. Labor and the company quickly reached an agreement to end the walkout a few days after it began on April 1, but members rejected the deal.
The union has said workers sacrificed to bring the company out of the Walter Energy bankruptcy five years ago, and members have advocated for better health benefits. Warrior Met has said it offered workers a competitive package that would protect jobs and the health of the company.
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Ford COO Says Brand Will Spend More on EVs Than on ICE Cars By 2023
When Ford announced it would go 100% electric by 2030 in Europe, it may have seemed these electrification plans were geographically limited. In May, Kumar Galhotra said he could see a point in which all Ford vehicles would be EVs, but he did not set a date. Lisa Drake gave us a clue about that. In a chat with Barclays autos analyst Brian Johnson, Ford’s COO said the company would already spend more on EVs than ICE cars by 2023. ... (continue reading...)
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A European ETF that tracks bitcoin plays like Riot Blockchain and Galaxy Digital just got the highest level of approval from regulators
Unlike the US, Europe already has a bevy of exchange-traded crypto products, but the new fund is the first to receive regulators' highest approval.
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Dynamo Capital and Carespan Sign Definitive Agreement
*NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.**VANCOUVER, BC / ACCESSWIRE / August 4, 2021 / *Dynamo Capital Corp. (TSXV:DDD.P) (the "*Company*" or "*Dynamo*"), a capital pool company ("*CPC*") pursuant to Policy 2.4 of the TSX Venture Exchange (the "*Exchange*"), is pleased to announce that, further to the letter of intent entered into on December 23, 2020 (the "*LOI*") with CareSpan Holdings, Inc. ("*CareSpan*"), it has entered into a binding merger agreement and plan of reorganization dated August 4, 2021 (the "*Merger Agreement*") with CareSpan and* *Dynamo Subco, Inc., a wholly-owned subsidiary of the Company, in respect of a statutory merger under the Delaware General Corporation Law (the "*Proposed* *Transaction*"). The Proposed Transaction is intended to constitute the Company's "Qualifying Transaction" (as such term is defined in Policy 2.4 of the Exchange) and result in a reverse takeover of the Company by CareSpan.
As the Proposed Transaction is not a "Non-Arm's Length Qualifying Transaction" (as such term is defined in Policy 2.4 of the Exchange) the approval of the shareholders of the Company is not required for the Proposed Transaction; however, certain ancillary matters described below will require the approval of shareholders of the Company, including (a) the consolidation of the issued and outstanding common shares (the *"Dynamo Shares"*) in the capital of the Company on the basis of 4.66667 pre-consolidated Dynamo Shares for each one (1) post-consolidation Dynamo Share as a condition of the Proposed Transaction (the *"Dynamo Consolidation"*); (b) the amendment to the Company's articles to amend the rights and restrictions applicable to the Dynamo Shares (as defined herein) and to create a new class of restricted voting securities (the "*Share Amendment*"); (c) an amendment to the articles of the Company to change the name of the Company to "CareSpan Holdings, Inc." or such other name as CareSpan may determine (the *"Name Change"*); and (d) an increase in the number of directors of the Company from three (3) to five (5). A notice of meeting and information circular pertaining to such matters will be provided to holders of Dynamo Shares (the "*Dynamo Shareholders*") in due course.
Upon completion of the Proposed Transaction, it is the intention of the parties that the Company (the Company after the Proposed Transaction being referred to herein as the "*Resulting Issuer*") will continue to carry on the business of CareSpan, being that of a healthcare technology and services company (Industry Segment: "Industrial or Technology or Life Sciences").
*Private Placement Offering*
In connection with the Proposed Transaction, CareSpan has entered into an engagement agreement dated April 6, 2021 with Canaccord Genuity Corp and Canaccord Genuity LLC (the *"Agent"*) in connection with a brokered private placement offering for aggregate gross proceeds of up to CDN$6,510,000 (the *"Concurrent* *Brokered Offering*"). It is anticipated that the Concurrent Brokered Offering will be undertaken by the Agent on a "commercially reasonable best efforts" basis by way of a private placement of subscription receipts of CareSpan (the "*Subscription Receipts*") at a price of CDN$0.70 per Subscription Receipt (the "*Offering Price*"). Each Subscription Receipt will, pursuant to its terms (without any action required from the holder thereof), be deemed exercised for 3.31961 common shares in the capital of CareSpan (a *"CareSpan Share"*) immediately prior to the completion of the Proposed Transaction, ultimately resulting in the exchange of Subscription Receipts for common shares of the Resulting Issuer on a one-for-one basis (the "*Subscription Receipt Conversion*"). Subscription funds received in connection with the Concurrent Brokered Offering will be held in escrow pending closing of the Proposed Transaction and subject to the satisfaction of certain escrow release conditions (the "*Escrowed Proceeds*"), which shall include Exchange conditional approval of the Proposed Transaction. If the Proposed Transaction does not close, such subscription funds will be returned to subscribers with pro rata interest in accordance with the terms of the subscription receipt agreement governing the Subscription Receipts. The Concurrent Brokered Offering is anticipated to close on or about August 5, 2021.
It is intended that the net proceeds of the Concurrent Brokered Offering will be used for sales, marketing, hiring of additional personal and general corporate and working capital purposes of the Resulting Issuer.
Additionally, CareSpan intends to issue CareSpan Shares ("*Issuer Directed Securities*") at a price of $0.70 per CareSpan Share. The proceeds from the sale of the Issuer Directed Securities will not form part of the Escrowed Proceeds but will be made immediately available to CareSpan upon delivery by the purchasers of the Issuer Directed Securities.
Pursuant to the sale of the Issuer Directed Securities, the Company intends to issue 1,833,563 CareSpan Shares for gross proceeds of CDN $1,283,494.10 to fund the Company's general working capital purposes.
In connection with the Concurrent Brokered Offering, the Agent will be paid a cash commission equal to 8% of the gross proceeds raised, (the "*Cash Fee*") and be issued such number of broker warrants (the "*Broker Warrants*") as is equal to 8% of the Subscription Receipts sold under the Concurrent Brokered Offering, with the exception of investors identified on a president's list in which case the Cash Fee payable and the number of Broker Warrant issuable shall be reduced to 4% of the number of Subscription Receipts sold to investors on such list. Each Broker Warrant will entitle the holder to acquire a Resulting Issuer Share at the Issue Price for a period of twenty-four months following the completion of the Proposed Transaction. As additional consideration for the services of the Agent, the Company shall pay to the Agent a financial advisory fee by way of the issuance to the Agent of 55,007 Subscription Receipts, and issue an additional 55,007 advisory warrants on the same terms as the Broker Warrants.
*Convertible Note and Issuer Directed Securities*
On July 13, 2021, CareSpan, as the borrower, entered into a convertible note agreement with Rembert, de Villa, as the lender in the amount of US$400,000 with interest accruing at a rate of 10% per annum ("*Convertible Note*"). Pursuant to the terms of the Convertible note, the principal amount then outstanding, together with all accrued but unpaid interest thereon (the "*RTO Conversion Amount*") shall be automatically converted into that number of CareSpan Shares (pre-merger pursuant to the Proposed Transaction) as is equal to the RTO Conversion Amount divided by the Offering Price.
*Summary of the Qualifying Transaction*
The Merger Agreement contemplates Dynamo and CareSpan undertaking a statutory merger under the Delaware General Corporation Law whereby all of the issued and outstanding CareSpan Shares (including the Issuer Directed Securities) will be exchanged for securities of the Resulting Issuer on the basis of 0.30124 Resulting Issuer securities for each CareSpan security. Following completion of the Proposed Transaction, the current securityholders of CareSpan will own a majority of the issued and outstanding common shares in the capital of the Resulting Issuer (the "*Resulting Issuer Shares*") and CareSpan will become a wholly-owned subsidiary of the Resulting Issuer.
The completion of the Proposed Transaction is subject to the satisfaction of various conditions that are customary for a transaction of this nature, including but not limited to (i) the completion of the Concurrent Brokered Offering; (ii) the completion of the Dynamo Consolidation, the Share Amendment and the Name Change; (iii) the approval by the directors and shareholders (if required)* *of Dynamo and CareSpan; and (iv) the receipt of all requisite regulatory, stock exchange, or governmental authorizations and consents, including the Exchange. Subject to satisfaction or waiver of the conditions precedent referred to herein and in the Merger Agreement, Dynamo and CareSpan anticipate the Proposed Transaction will be completed on or before September 15, 2021. There can be no assurance that the Proposed Transaction will be completed on the terms proposed above or at all.
Each of Dynamo and CareSpan will bear their own costs in respect of the Proposed Transaction.
In connection with the Proposed Transaction, the Company shall pay a finder's fee to Asia Management Inc., Albion Advisors Inc., and Antera Inc. (the "*Finders*") in the amount of $450,000 payable in the form of 3,000,000 pre-Dynamo Consolidation Dynamo Shares. The payment of the finder's fee is to compensate the Finders of the introduction of Dynamo to CareSpan. Payment of the finder's fee is subject to Exchange acceptance.
*Sponsorship of the Qualifying Transaction*
Sponsorship of a "Qualifying Transaction" of a CPC is required by the Exchange unless the Proposed Transaction qualifies for exemptions therefrom in accordance with the Exchange's policies. Given the size and nature of the Proposed Transaction, including the amount of the Concurrent Brokered Offering, the Company intends to seek exemption or apply for a waiver from the sponsorship requirements pursuant to the policies of the Exchange. If the proposed Transaction does not qualify for an exemption or a waiver is not granted by the Exchange, then the Company would be required to engage a sponsor.
*Trading Halt*
At the Company's request, trading in Dynamo's Shares was halted by the Exchange on April 6, 2020. Trading is expected to remain halted until, at the earliest, the completion of the Proposed Transaction.
*Resulting Issuer*
Upon completion of the Proposed Transaction, it is anticipated that all of the existing directors and officers of Dynamo, will resign and the management and Board of Directors of the Resulting Issuer will include the persons identified below:
Rembert de Villa - Chief Executive Officer and Vice-Chairman
Mr. de Villa assumed the role of CEO of CareSpan in August 2018. He joined the CareSpan Board in December 2017. Prior to CareSpan, Rembert was Executive Vice-President of EXL Service Holdings, a leading analytics and operations management company, and was Global Business Leader of EXL Healthcare. He held various leadership roles during his ten years at EXL, including Chief Strategy Officer and Global Head of Transformation (data analytics and operations consulting). Prior to EXL, Rembert had a career in management consulting, holding senior leadership roles at Mastercard Advisors, Capgemini Ernst & Young, A.T. Kearney and Andersen Consulting (now Accenture). He is Senior Adviser to the Philippine-American Chamber of Commerce in New York, where he served as Chairman of the Board for over three years.
Anne Burpee - Interim Chief Financial Officer
Ms. Burpee is a bilingual Chartered Professional Accountant (CPA CMA) with more than 25 years of senior corporate leadership experience in the areas of finance, operations, corporate strategy, and change management. She has served as a financial executive for several large and small publicly traded companies where she earned a reputation as a strategic leader with strong execution and communication skills. Previous employers where Ms. Burpee has worked in a senior capacity include AON Hewitt, Global Aerospace Underwriting Managers, South Western Insurance Group, Canadian Tire, and Sears Canada. Ms. Burpee is a graduate of McGill University and holds a CPA CMA designation in Ontario. In 2014, she launched a successful consulting practice providing financial and CFO services to both private and public companies. In addition, she is a financial literacy volunteer for CPA Canada, a member of the Accounting Program Advisory Committee at Humber College, and a part-time professor at Centennial College.
Terry R. Knapp, MD - Founder, Chief Medical Officer and Director
Dr. Knapp is a Stanford-trained, U.S. board-certified surgeon with a 40-year history of multinational care delivery. He is an accomplished medical device and medical services entrepreneur and corporate executive, co-founder of Collagen Corporation, and several other private and public companies, and has served in numerous executive roles and board of director positions. He has authored 15 U.S.-issued and many foreign patents in the field of medical devices and medical information technology, and has written numerous peer-reviewed medical publications, editorials and book chapters. He is former CEO of a publicly traded, diverse medical device and information technology company and was a founding member of the Board of the Bard Center for Entrepreneurship Development at the University of Colorado, Denver.
Douglas Wolfgram - Chief Technology Officer
Mr. Wolfgram joined CareSpan in January 2014 as Chief Technology Officer. Mr. Wolfgram brings 25 years' experience in developing interactive communications technology products for major clients such as Toshiba Medical, Hitachi Data Systems, NEC, AT&T and Beckman/Coulter together to create an integrated digital health platform. Previously, Mr. Wolfgram managed the Health Sites project of over 200 dedicated health information sites for MoreFocus Group. Inc. MoreFocus was acquired by LendingTree in 2012 and became HealthTree. Today, he works as a mentor to entrepreneurial students at Cal State Fullerton and speaks publicly on Digital Health Technologies. Mr. Wolfgram holds degrees in Engineering-Physics and Mathematics from Oregon State University.
JoEllen Koerner - Chief Nursing Officer
JoEllen Koerner is an author, editor, speaker, researcher, educator and nurse executive leader well known for her efforts to foster high standards in nursing. She is a former President of the American Organization of Nurse Executives and recipient of the Lifetime Distinguished Service Award from the AONE Institute for Patient Care Research & Education. Dr. Koerner has had extensive executive level management/leadership experience in health care administration, education, regulation, & e-commerce. She has written three books, numerous articles and also served as Editor or Board Advisor on multiple nursing journals; Nurse Week, Nursing Administration Quarterly, Nursing Outlook, Journal of Nursing Administration, Journal of Nursing Education, Nursing Spectrum and Journal of Professional Nursing. JoEllen has also served on many national Advisory Boards including, Robert Wood Johnson, Johnson & Johnson, PEW Health Professions, National Commission on Nursing Implementation Project, Picker Institute, Fetzer Institute, HillRom Center for Nursing Leadership, Community-Campus Partnerships for Health, International Center for Nursing, American Academy of Nursing, and American Association of Colleges of Nursing. International consultation included countries such as New Zealand, Australia, Philippines, Pine Ridge Reservation and the Ministry of Health, Prague, Czechoslovakia. Her international and voluntary work is currently focused on workforce development for underrepresented sectors of society.
John Reardon - Director, Chairman of the Board
Mr. Reardon joined the CareSpan board in early 2020 as a strategic advisor. Mr. Reardon is an accomplished healthcare executive, entrepreneur and investor working at the forefront of digital health and telemedicine. For the past 20 years he has produced exceptional outcomes for three private equity/venture capital funds focused primarily on digital health/telemedicine and technology-enabled healthcare services. His experience includes working with TelaDoc (NYSE: TDOC), Advanced ICU Care, Progeny Health, ArroHealth (acquired by CIOX Health) , Acclaris (acquired by Willis, Towers, Watson NASDAQ: WLTW), HealthMedX (acquired by Netsmart Technologies NASDAQ: NTST) and Aethon (acquired by OTCMKTS: SGGKF). Today, he works directly with growth stage digital health companies providing strategy and fund-raising assistance. Mr. Reardon holds an MBA from the Anderson School at the University of California, Los Angeles and holds BS Degrees in History and Economics from Arizona State University.
Holger Micheel-Sprenger - Director
Mr. Micheel-Sprenger is a Partner and the CEO of ICME, a leading management consulting firm with a European outlook and philosophy. Within the last 25 years of experience of management and consulting in the healthcare sector, Mr. Micheel-Sprenger has been representing senior management positions in leading German healthcare companies and providers. He also is the Managing Director of ICME Healthcare GmbH. His management skills and expertise include corporate strategies and development, interdisciplinary project management, process management and technical management of hospitals. He has held Executive Director level positions in a number of medical industry and health services companies and also served as a Managing Director of a 600-bed hospital. He has been involved in consulting and management programs at various health institutions, government entities and hospitals around the world regarding strategy development and organizational and efficiency improvements. Mr. Micheel-Sprenger established and directs consulting and management services within ICME International Group at a regional and global level. Mr. Micheel-Sprenger holds Master Degrees in Industrial Engineering and Business Administration from Nordakademie University Hamburg, Germany.
Carl Farrell - Director
Mr. Farrell is an experienced board member and advisor with over 30 years of global management expertise guiding large and small organizations through growth and transformation. Most recently, Mr. Farrell was the Group President of commercial real-estate leader Altus Group (TSX:AIF) where he also served as an independent director on the company's Board. Prior to that, he was the Chief Revenue Officer and Board Member of SAS Institute, a global leader in data and analytics, overseeing 7,000+ staff and a P&L of more than $3bn. Before his 15-year tenure at SAS, Mr. Farrell held senior management positions at Vignette Corporation, J.D Edwards, Idiom Technologies, and JBA. Today, Mr. Farrell is a Board Member of enterprise financial software company Basware Corporation (HEL:BAS) and acts as a strategic advisor to other technology companies in Europe and North America. Originally from England, Mr. Farrell currently resides in Toronto, Canada, and studied at Wulfrun College in Wolverhampton England.
James Becker - Director
Mr. Becker brings to CareSpan insight and expertise from a distinguished career in health insurance operations and services. Since 2008, he held multiple executive roles at UnitedHealth Group (NYSE: UNH) with extensive experience leading multi-billion-dollar Commercial and Government lines of business. His most recent role was President of Optum Global Solutions, a team of 43,000 delivering services and technology in healthcare globally. Prior to this, he served as Chief Operating Officer, UnitedHealthcare Medicare and Retirement, supporting more than 12 million seniors and Medicare beneficiaries and generating $70 billion in revenues. Mr. Becker has served on the Boards of Optum Global Solutions, India, Optum Global Solutions, Philippines, XL Health, India, and Optum Solutions, Ireland. Previously, he served on the Boards of UnitedHealthcare Insurance Corporation and Harken Health. Additionally, Jim serves on The University of Michigan Precision Health National Advisory Board and The University of Minnesota School of Medicine Board of Visitors, as well as the advisory board for Ooda Health. Mr. Becker earned an MBA from the Wharton School at the University of Pennsylvania and a BBA from the Stephen M. Ross School of Business at the University of Michigan.
*About CareSpan*
CareSpan is a healthcare technology and services company incorporated in Delaware. CareSpan's proprietary "Clinic-in-the Cloud" is a clinical workflow driven platform designed by doctors that integrates remote patient monitoring, diagnostic tools, the patient's electronic health record, care collaboration capabilities, patient engagement and e-prescribing and lab ordering. CareSpan's platform seamlessly supports both in-person and virtual/telehealth care. CareSpan is using this platform combined with essential business services to build provider networks across the U.S. that deliver primary and urgent care as well as behavioral health. To date, CareSpan has over 60 practitioners across its two networks. CareSpan's vision is to broaden access and improve the quality of healthcare by empowering independent practitioners with leading edge digital healthcare technologies and services. CareSpan's technology-enabled business model allows independent practitioners to focus on providing patient care without the administration burden of running an independent practice. CareSpan generates revenue from multi-year contracts with providers in the network.
The contracted and recurring nature of its business model provides for strong revenue visibility. CareSpan is in the process of completing its audited financial statements in accordance with International Financial Reporting Standards (IFRS), as required by the policies of the TSXV and applicable securities laws.
*Selected Financial Information*
The following table sets out selected financial information of CareSpan for the periods, and as of the dates, indicated. The selected financial information has been derived from the consolidated audited financial statements for the years ended December 31, 2020 and December 31, 2019.
*As at December 31, 2020 ($USD)*
*As at December 31, 2019 ($USD)*
*Financial Position*
Current Assets 2,455,710
30,582
Total Assets 2,460,361
33,589
Current Liabilities 8,394,905
1,401,125
Total Liabilities 8,394,905
1,441,117
Total Shareholder's Deficiency (5,934,544)
(1,407,528)
*Year Ended December 31, 2020 ($USD)*
*Year Ended December 31, 2019 ($USD)*
*Income Statement*
Revenues 3,348,561
49,501
Total Operating Expenses 7,363,119
1,144,033
Net Loss 5,905,968
(961,727)
*About Dynamo Capital Corp.*
Dynamo is a capital pool company created pursuant to the policies of the Exchange. It does not own any assets, other than cash or cash equivalents and its rights under the LOI. The principal business of Dynamo is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses, once identified, and evaluated, to negotiate an acquisition or participation subject to acceptance by the Exchange so as to complete a Qualifying Transaction in accordance with the policies of the Exchange.
*Cautionary Note*
As noted above, completion of the Proposed Transaction is subject to a number of conditions including, without limitation, approval of the Exchange, approval of certain matters by the shareholders of CareSpan and Dynamo and completion of the Concurrent Brokered Offering. Where applicable, the Proposed Transaction cannot close until the required approvals have been obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the continuous disclosure document containing full, true and plain disclosure regarding the Proposed Transaction, required to be filed with the securities regulatory authorities having jurisdiction over the affairs of the Company, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. The trading in the securities of Dynamo on the Exchange, if reinstated prior to completion of the Proposed Transaction, should be considered highly speculative.
*ON BEHALF OF THE BOARD OF DIRECTORS:*
For further information, please contact:
Geoff Balderson
Chief Executive Officer and Chief Financial Officer Telephone: 604-602-0001
*Disclaimer for Forward-Looking Information*
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect Dynamo's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the business plans of Dynamo, CareSpan, and the Resulting Issuer, the Concurrent Brokered Offering and the Proposed Transaction (including Exchange approval and the closing of the Proposed Transaction). Such statements and information reflect the current view of Dynamo. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the following risks:
· there is no assurance that the Concurrent Brokered Offering will be completed or as to the actual offering price or gross proceeds to be raised in connection with the Concurrent Brokered Offering. In particular, the amount raised may be significantly less than the amounts anticipated as a result of, among other things, market conditions and investor behaviour;
· there is no assurance that Dynamo and CareSpan will obtain all requisite approvals for the Proposed Transaction, including the approval of their respective shareholders (if required), or the approval of the Exchange (which may be conditional upon amendments to the terms of the Proposed Transaction); and
· the stock markets have experienced volatility that often has been unrelated to the performance of companies. These fluctuations may adversely affect the price of the Resulting Issuer's securities, regardless of its operating performance.
There are a number of important factors that could cause Dynamo's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of Dynamo; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses, fluctuations in commodity prices, general market and industry conditions and the impact of the COVID-19 pandemic.
Dynamo cautions that the foregoing list of material factors is not exhaustive. When relying on Dynamo's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Dynamo has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance, and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The Exchange has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
*SOURCE: *Dynamo Capital Corporation
View source version on accesswire.com:
https://www.accesswire.com/658508/Dynamo-Capital-and-Carespan-Sign-Definitive-Agreement
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Asia stocks mixed with eyes on US economic recovery
SINGAPORE (AP) — Asian stocks were mixed Thursday as traders awaited more guidance on the U.S. economic recovery.
The Nikkei 225 in Tokyo closed 0.5% higher at 27,728.12. The Kospi in South Korea lost 0.1% to 3,277.94, while the Hang Seng in Hong Kong slipped 1% to 26,152.20 in afternoon trading.
The Shanghai Composite index fell 0.3% to 3,465.89. Sydney’s S&P/ASX 200 gained 0.1% to 7,511.10. Shares tumbled in Singapore but rose in Malaysia and Indonesia.
Employment was in the spotlight. On Wednesday, payroll processor ADP revealed that the U.S. private sector added 330,000 jobs in July, which fell short of analysts' expectations.
The U.S. Labor Department will release a more comprehensive jobs report on Friday. Economists are projecting that U.S. employers added 700,000 jobs in July, bringing the national unemployment rate down to 5.7% from 5.9%, according to FactSet.
The ADP report “missed expectations by a wide margin,” Yeap Jun Rong of IG said.
“Although there has been no clear correlation between the ADP data and the non-farm payrolls, the slowdown in hiring in the leisure and hospitality sectors seems to draw some concerns on the rise in virus cases in July bringing about some impact,” he said.
Concerns have been mounting around the coronavirus delta variant's spread in the U.S., Europe and Asia, and particularly in China, which is on high alert as it confronts hundreds of fresh cases.
China has sealed off residential communities, suspended flights and trains, and ordered mass coronavirus testing in Wuhan, the city where the disease was first detected in late 2019. Although China's numbers are small compared to outbreaks elsewhere, its containment strategies and the subsequent impact on its large economy are being closely watched.
The disappointing jobs...
The Nikkei 225 in Tokyo closed 0.5% higher at 27,728.12. The Kospi in South Korea lost 0.1% to 3,277.94, while the Hang Seng in Hong Kong slipped 1% to 26,152.20 in afternoon trading.
The Shanghai Composite index fell 0.3% to 3,465.89. Sydney’s S&P/ASX 200 gained 0.1% to 7,511.10. Shares tumbled in Singapore but rose in Malaysia and Indonesia.
Employment was in the spotlight. On Wednesday, payroll processor ADP revealed that the U.S. private sector added 330,000 jobs in July, which fell short of analysts' expectations.
The U.S. Labor Department will release a more comprehensive jobs report on Friday. Economists are projecting that U.S. employers added 700,000 jobs in July, bringing the national unemployment rate down to 5.7% from 5.9%, according to FactSet.
The ADP report “missed expectations by a wide margin,” Yeap Jun Rong of IG said.
“Although there has been no clear correlation between the ADP data and the non-farm payrolls, the slowdown in hiring in the leisure and hospitality sectors seems to draw some concerns on the rise in virus cases in July bringing about some impact,” he said.
Concerns have been mounting around the coronavirus delta variant's spread in the U.S., Europe and Asia, and particularly in China, which is on high alert as it confronts hundreds of fresh cases.
China has sealed off residential communities, suspended flights and trains, and ordered mass coronavirus testing in Wuhan, the city where the disease was first detected in late 2019. Although China's numbers are small compared to outbreaks elsewhere, its containment strategies and the subsequent impact on its large economy are being closely watched.
The disappointing jobs...
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Coronavirus in numbers: UK death toll reaches 130,000
The Government said a further 119 people had died within 28 days of testing positive for Covid-19 as of Tuesday, bringing the UK total to 129,881.
Studio: PA - Press Association STUDIO
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Video shows possible prison camp for Belarusian dissenters
CNN’s Nick Paton Walsh reports on a recently renovated possible prison camp in Belarus for dissenters against President Alexander Lukashenko.
Studio: Bleacher Report AOL
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Daily politics briefing: August 5
All the latest updates on the UK's political stage, as industry leaders call for quicker reopening of international travel.
Studio: PA - Press Association STUDIO
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Europe targets adolescents for Covid jabs to curb Delta spread
Continued push into younger age groups helps EU vaccination coverage overtake US and, soon, the UK
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2022 Ford Everest Heads to Europe for Testing, Keeps Heavy Camo On
Having been spotted on the streets of Dearborn, close to Ford’s headquarters, last month, the new generation Everest has now crossed the Atlantic Ocean. The latest spy shots taken in Europe show the 2022 Ford Everest testing in the open. And unsurprisingly, the prototype ke... (continue reading...)
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Adidas lifts outlook for second time this year
Second-quarter sales soar by more than 50 per cent as demand in the US and Europe recovers
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Europe’s Pandemic Aid Is Winding Down. Is Now the Best Time?
Governments want vaccinations and a business rebound to carry the economy now, but cutting aid too quickly could create economic aftershocks.
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How a startup predicts heart failure over phone calls using AI and speech recognition
Corti.ai aims to prevent thousands of cardiac arrests across the US and Europe through the development of voice and pattern recognition technology.
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Europe is winding down its pandemic aid programs. Is it too soon?
Governments want vaccinations and a business rebound to carry the economy now, but cutting aid too quickly could create economic aftershocks.
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Paramount+ and Showtime Combine for More Than 42 Million Global Subscribers
ViacomCBS hit 42 million global subscribers combined between its streaming platforms, primarily Paramount+ (formerly known as CBS All Access) and Showtime OTT, in the second quarter of 2021, the company reported Thursday.That’s up from the 36 million subscribers worldwide that ViacomCBS reported it had reached across Paramount+ and Showtime on May 6, two months after the March 4 rebrand of CBS All Access into Paramount+.
ViacomCBS revealed Thursday it will be partnering with Sky to launch Paramount+ in Europe.
“In a quarter of strong business performance, including growth in advertising and affiliate, streaming was a standout. We continued to accelerate our global streaming momentum and delivered phenomenal results across our flagship streaming services. For the second consecutive quarter, Paramount+ fueled more than 6 million additions to our global streaming subscription base, which now reaches over 42 million. This growth was driven by the power of the service’s differentiated content strategy and expanding content slate. Looking ahead, we’re excited about our opportunity to build on this momentum, as we scale Paramount+’s content offerings across genres and expand our reach with global audiences.”
Back in February, ViacomCBS said it expects to reach 65-75 million global subscribers between Paramount+ and Showtime by 2024.
ViacomCBS revealed its new streaming subscriber numbers along with its second-quarter 2021 earnings Thursday. Readers can find out more about how the company did in its Q2 here.
More to come…
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Reimagined Hudson Hornet Brings Back Hidden Rear Wheels and a Modern Face
Believe it or not, there was a time when people were suckers for cars sporting hidden rear wheels. A feature that was most visible in Europe, this approach had its fair share of representatives in the U.S. as well down the ages. The Hudson Hornet is one of them. A true car of its time, the Hornet came... (continue reading...)
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Notification of Major Holdings
*TORONTO, ON / ACCESSWIRE / August 5, 2021 /* AEX Gold Inc. (AIM:AEXG; TSXV:AEX) announces that on 4 August 2021 it was informed by TB Amati UK Smaller Companies Fund ("*Amati*") that Amati has sold a total of 3,319,512 common shares of no par value over the period 10 February 2021 to 4 March 2021, and now holds 8,902,710 shares, representing 5.03 per cent. of the Company's issued share capital.AEX further announces that pursuant to Schedule Five of the AIM Rules for Companies, the settlement date of the relevant change to the holding was 15 February 2021.
The Company's AIM Rule 26 disclosures on its website have been appropriately updated.
*AEX Gold Inc.*
Eddie Wyvill, Investors Relations +447713126727
ew@aexgold.com
Eldur Olafsson, Director and CEO +3546652003
eo@aexgold.com
*Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)* +44 (0) 20 7710 7600
Callum Stewart
Simon Mensley
Ashton Clanfield
*Panmure Gordon (UK) Limited (Joint Broker)*
John Prior
Hugh Rich
Dougie Mcleod +44 (0) 20 7886 2500
*Camarco (Financial PR)* +44 (0) 20 3757 4980
Gordon Poole
Nick Hennis
*About AEX*
AEX's principal business objectives are the identification, acquisition, exploration and development of gold properties in Greenland. The Company's principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine. The Company has a portfolio of gold assets covering 3870 km^2, the largest portfolio of gold assets in Southern Greenland covering the two known gold belts in the region. AEX is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.
This announcement does not contain inside information.
*SOURCE:* AEX Gold Inc.
View source version on accesswire.com:
https://www.accesswire.com/658529/Notification-of-Major-Holdings
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Appointment of Panmure Gordon (UK) Limited as Joint Corporate Broker
*TORONTO, ON / ACCESSWIRE / August 5, 2021 /* AEX Gold Inc. ("AEX") (AIM:AEXG)(TSXV:AEX), an independent gold company with a portfolio of exploration licences in Greenland, is pleased to announce that it has appointed Panmure Gordon (UK) Limited as joint corporate broker.*Eldur Olafsson, CEO of AEX, commented:*
"I am delighted to welcome Panmure Gordon to the AEX Gold team as we continue to progress our flagship Nalunaq asset and our wider exploration portfolio. Panmure has a strong reach into the institutional market and we look forward to working with them to bring our exciting story to a wider audience."
*Enquiries:*
*AEX Gold Inc.*
Eldur Olafsson, Director and CEO
+354 665 2003
eo@aexgold.com
Eddie Wyvill, Investor Relations
+44 (0) 7713 126727
ew@aexgold.com
*Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)*
Callum Stewart
Simon Mensley
Ashton Clanfield
+44 (0) 20 7710 7600
*Panmure Gordon (UK) Limited - Joint Broker*
John Prior
Hugh Rich
Dougie Mcleod
+44 (0) 20 7886 2500
*Camarco (Financial PR)*
Gordon Poole
Nick Hennis
+44 (0) 20 3757 4980
*For Company updated:*
Follow @AexGold on Twitter
Follow AEX Gold Inc. on LinkedIn
*Further Information:*
*About AEX*
AEX's principal business objectives are the identification, acquisition, exploration and development of gold properties in Greenland. The Corporation's principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine. The Corporation has a portfolio of gold assets covering 3,870km^2, the largest portfolio of gold assets in Southern Greenland covering the two known gold belts in the region. AEX is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.
*Forward-Looking Information*
This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the Corporation's current expectations regarding future events and the future growth of the Corporation's business. In this press release there is forward-looking information based on a number of assumptions and subject to a number of risks and uncertainties, many of which are beyond the Corporation's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to the factors discussed under "Risk Factors" in the Final Prospectus available under the Corporation's profile on SEDAR at www.sedar.com. Any forward-looking information included in this press release is based only on information currently available to the Corporation and speaks only as of the date on which it is made. Except as required by applicable securities laws, the Corporation assumes no obligation to update or revise any forward-looking information to reflect new circumstances or events. No securities regulatory authority has either approved or disapproved of the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
*Inside Information*
This announcement does not contain inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse ("UK MAR"), as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, and Regulation (EU) No. 596/2014 on Market Abuse ("EU MAR").
*SOURCE:* AEX Gold Inc.
View source version on accesswire.com:
https://www.accesswire.com/658445/Appointment-of-Panmure-Gordon-UK-Limited-as-Joint-Corporate-Broker
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Bergio International Plans to Expand Overseas Jewelry Manufacturing
*Berge meets with top economic leaders in Eastern Europe to solidify manufacturing relationships & facilitate factory purchase to accommodate recent acquisitions demands**FAIRFIELD, NJ / ACCESSWIRE / August 5, 2021 /* Bergio International Inc. (OTC PINK:BRGO), a premier jewelry designer and manufacturer, moved forward with steps to expand international jewelry manufacturing in Eastern Europe to accommodate growing customer and market demand after recent landmark acquisitions of Aphrodite's and GearBubble.
CEO Berge Abajian went on a tour of Eastern Europe, including Istanbul, Ukraine, Armenia, and Georgia, to meet with global economic leaders, including Vladimir Karapetyan, Ambassador to Ukraine, and Vahan Kerobyan Minister of Economy, both from the Republic of Armenia. He also met with the Head of Customs to discuss import and export assistance to facilitate transportation in and out of the Republic of Armenia.
Bergio is currently negotiating the 50% purchase of a factory located in the Republic of Armenia. The company is awaiting documents to review inventory, assets, and conduct all financial due diligence on the anticipated acquisition.
Vahan Kerobyan, Minister of Economy of the Republic of Armenia, and Berge Abajian, CEO of Bergio
Berge Abajian, CEO of Bergio, and Vladimir Karapetyan Ambassador to Ukraine from the Republic of Armenia
*Bergio International Plans to Expand Overseas Jewelry Manufacturing*
"Further establishing our international manufacturing footprint will allow us to expand and contract our jewelry production as needed," shared Berge Abajian, CEO of Bergio International. "This will enable us to gain a stronger control over cost while continuing to improve the quality that our customers have grown to expect from our brands."
The labor force in Eastern Europe is as competitive as the far east and has only been growing stronger. The area offers superior talent in jewelry manufacturing and higher ethical standards in factories, making the thriving region a desirable international hub. The location is also a key factor, allowing Bergio to open the key Russian market that is readily available from the Republic of Armenia.
Bergio has been on a mission to grow, diversify and increase its global presence since going public back in 2008. They recently acquired Aphrodite's, a fast-growing jewelry e-tailer, for $5 million, and GearBubble, a B2B e-commerce fulfillment platform, for $3.2 million. To meet the ever-growing customer demands, it was imperative to solidify overseas manufacturing operations. The most recent acquisitions require manufacturing to be nimble and pivot on a dime to increase inventory on product styles that become popular. And since the items will be manufactured within the Bergio supply chain, the quality will remain high.
*About Bergio International, Inc.*
The Bergio brand, the primary portfolio asset, is associated with high-quality, handcrafted, and individually designed pieces with a European sensibility, Italian craftsmanship, and a bold flair for the unexpected. Established in 1995, Bergio's signature innovative design, coupled with extraordinary diamonds and precious stones, earned the company recognition as a highly sought-after purveyor of rare and exquisite treasures from around the globe. With family jewelry roots reaching back to the 1930s, founder, CEO, and designer Berge Abajian is a third-generation jeweler, blending superior knowledge in design and manufacturing to create unparalleled collections in craftsmanship and style. The Bergio brand features fine jewelry, silver fashion jewelry, bridal, couture, and leather accessories, ranging in price from $50 to $250,000. For further information, please visit www.bergio.com.
This press release includes forward-looking statements regarding our business strategy and plans as well as expectations of future growth, all of which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical in nature and include those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning the Company's outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of the Company and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors, including changes in the general economy; changes in demand for the Company's products or in the cost and availability of its raw materials; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in the Company's previous filings with the U.S. Securities and Exchange Commission, including those detailed under the caption 'Risk Factors' in our Annual Report for the year ended December 31, 2019 filed with the SEC. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 (the 'Act') protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
*Media Contact*
Lais Pontes Greene
(954) 960-6083
*Investor Relations*
John Guercio
(845) 216-3100
*SOURCE:* Bergio International, Inc.
View source version on accesswire.com:
https://www.accesswire.com/658430/Bergio-International-Plans-to-Expand-Overseas-Jewelry-Manufacturing
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Siyata Mobile to Unveil New Mission Critical Push-To-Talk Device at APCO International Conference Held on August 15 - 18
*Global introduction of SD7 device expected in 2H21 to address mission critical communication needs**VANCOUVER, BC / ACCESSWIRE / August 5, 2021 / Siyata Mobile Inc. **(NASDAQ:SYTA)(NASDAQ:SYTAW)** *("*Siyata*" or the "*Company*"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular booster systems, announces that it will unveil its first handset into North America, a new MCPTT (Mission Critical Push-To-Talk) device, the SD7, and associated accessories at the APCO (Association of Public-Safety Communications Officials) International Conference held on August 15 - 18 in San Antonio, TX. APCO International is the world's oldest and largest organization of public safety communications professionals, supports the largest U.S. membership base of any public safety association, and serves the needs of public safety communications practitioners worldwide.
The SD7 is an easy-to-use, PTT (Push-To-Talk)-only, ruggedized device with limited interface (i.e. small 2-line monochrome screen, PTT key, SOS key, volume rockers) that is LTE, Wi-Fi, and Bluetooth-enabled and uses the Android operating system. Its IP67 rating, resistance to water and dust, drop protection, and robust battery makes it well suited for use in harsh environments. Using the SD7, primary first responders (police, fire, ambulance) - which number over two million in the U.S. alone, as well as secondary support personnel - can quickly connect and coordinate on unified public cellular networks in North America and other international markets.
"Siyata is proud to offer the next-generation of communication hardware solutions for the first responder and public safety markets. No longer do these important service providers need to carry an assortment of devices just to be able to communicate with one another. Instead, a rugged device like the SD7 that offers PTT features will make their mission-critical jobs a lot easier, especially in moments when time is of the essence," commented Marc Seelenfreund, CEO of Siyata. "We remain committed to being an innovation leader and provider of communication systems for first responders and enterprise customers alike. The SD7 is a perfect complement to our flagship Uniden® UV350 in-vehicle communication device and to our portfolio of cellular boosters. As such, we are in discussion with multiple carriers to launch this device, and we expect first in North America in the second half of 2021 and then in Europe in 2022."
Users of the SD7 can initiate and receive talk-group calls, receive private calls, notify others of emergencies, and report locations, all actions ideally tailored for mission critical purposes. Thus, with the SD7 offering, Siyata expects to increase its MCPTT market share not only in the first responder market, but also in the utilities, transportation and waste management markets.
The SD7 offers the benefits of Push-To-Talk over Cellular (PoC) without any of the difficulties managing the current generation of rugged smart/feature phones and is ideally suited as a perfect upgrade from Land Mobile Radios (LMR). Used for generations, LMR has a significant number of limitations, including network incompatibility, limited coverage areas, and restricted functionality that leave a huge need for a unified network and platform. Siyata's innovative product line, including the SD7, is helping to service the generational shift from LMR to PoC. It is notable that the LMR market is growing at 5.9% compound annual growth rate (CAGR), while the PoC market is growing at 13.6% CAGR and annual PoC shipments are expected to grow 40% from 1.9 million in 2018 to 2.7 million in 2023. [Source: VDC Research].
*Find Us at APCO 2021, Booth 1449*
When: August 15-18, 2021
Where: Henry B. Gonzalez Convention Center, San Antonio, TX
Event Link: https://www.eventscribe.net/2021/apco/exhibitors/floorplan/floorplan.asp
*Exclusive Webinar*
Jason DePue, VP Sales from Siyata Mobile will introduce the SD7 at an Urgent Communications webinar on August 11, 2021 at 2:00 pm ET.
Event link: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fs1587191664.t.eloqua.com%2F&eventid=3311381&sessionid=1&key=D67F5716A9BDAE8606D456CA5C383B59®Tag=&V2=false&sourcepage=register
*About Siyata*
Siyata Mobile Inc. is a Business-to-Business (B2B) global vendor of next generation Push-To-Talk over Cellular (PoC) devices and cellular booster systems. Its portfolio of in-vehicle and rugged smartphones enable first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to improve communication, increase situational awareness, and save lives.
Its portfolio of enterprise cellular booster systems enables first responders and enterprise workers to amplify its cellular signal in remote areas, inside structural buildings where signals are weak, and within vehicles for maximum cellular signal strength possible.
Siyata's common shares trade on the Nasdaq under the symbol "SYTA" and its warrants under "SYTAW".
Visit siyatamobile.com and unidencellular.com/ to learn more.
Investor Relations (Canada):
Kin Communications
1-866-684-6730
SYTA@kincommunications.com
Investor Relations (United States)
CORE IR
516-222-2560
SYTA@coreir.com
*Sales:*
Glenn Kennedy, VP Sales
Siyata Mobile Inc.
416-892-1823
glenn@siyata.net
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects,""anticipates,""intends,""plans,""believes,""seeks,""estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Siyata is using forward-looking statements in this press release when it discusses the expected timing of the release of the SD7 in the U.S. and Europe and that it expects to increase its MCPTT market share. Because such statements deal with future events and are based on Siyata's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Siyata's annual report on 20-F as filed with the Securities and Exchange Commission ("SEC") for the fiscal year ended December 31, 2020, as well as its subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
*SOURCE: *Siyata Mobile, Inc.
View source version on accesswire.com:
https://www.accesswire.com/658310/Siyata-Mobile-to-Unveil-New-Mission-Critical-Push-To-Talk-Device-at-APCO-International-Conference-Held-on-August-15--18
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NLS Pharmaceutics to Participate in the Canaccord Genuity 41st Annual Growth Conference
*STANS, SWITZERLAND / ACCESSWIRE / August 5, 2021 /* NLS Pharmaceutics Ltd. (NASDAQ:NLSP, NLSPW) ("NLS" or the "Company"), a Swiss clinical-stage pharmaceutical company focused on the discovery and development of innovative therapies for patients with rare and complex central nervous system disorders, announces that Alex Zwyer, Chief Executive Officer and Co-Founder, is scheduled to present at the Canaccord Genuity 41^st Annual Growth Conference being held virtually August 10-12, 2021.*Presentation Details:*
Date: Thursday, August 12, 2021
Time: 10:00 AM ET
The presentation will be webcast live and can be accessed by clicking this link, and will also be available for replay on Company's website at https://nls-pharma.com/
A*bout NLS Pharmaceutics Ltd.*
NLS Pharmaceutics Ltd. is a Swiss-based clinical-stage biopharmaceutical company led by an experienced management team with a track record of developing and repurposing product candidates to treat rare and complex central nervous system disorders. The Company's lead product candidate, Quilience® is a proprietary extended-release formulation of mazindol (mazindol ER), and is being developed for the treatment of narcolepsy. Mazindol is a triple monoamine reuptake inhibitor and partial orexin-2 receptor agonist, which was used for many years to treat patients diagnosed with narcolepsy in compassionate use programs. NLS completed a phase 2 study in the U.S. evaluating Nolazol^Ò (mazindol controlled-release) in adult subjects with ADHD. The study met all primary and secondary endpoints and was well-tolerated. Quilience has received Orphan Drug Designations both in the U.S. and in Europe for the treatment of narcolepsy.
*Corporate contact*
Alex Zwyer, CEO: +41 41 618 80 00
*Investor Relations contact*
Cindy Rizzo: +1 908-229-7050
www.nlspharma.com
*SOURCE:* NLS Pharmaceutics AG
View source version on accesswire.com:
https://www.accesswire.com/658361/NLS-Pharmaceutics-to-Participate-in-the-Canaccord-Genuity-41st-Annual-Growth-Conference
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Orgenesis sees 2Q 2021 revenue jump by 500% year-over-year
Orgenesis Inc said its 2Q 2021 revenues rose from $1.75 million to $10.5 million compared to the same period in 2020. The international biotech company, which is focused on unlocking the full potential of cell and gene therapies (CGTs) in an affordable and accessible format, credited the Orgenesis Point of Care (POCare) Platform as a key factor to the profit boost. The POCare system consists of a pipeline of licensed POCare Therapeutics that are processed and produced in closed, automated POCare Technology systems across a collaborative POCare Network. READ: Orgenesis says Ranpirnase advancing towards multiple indications after FDA consultation and presentation of positive results Offering commentary on the company’s 2Q performance in a statement, Vered Caplan, CEO of Orgenesis, said: “I am pleased to report that our POCare revenues for the second quarter of 2021 increased more than six-fold to $10.5 million compared to $1.75 million for the second quarter of last year, which reflects the sustainability of our POCare strategy. "The increase in our revenue is attributable to technology transfer, setup, scale-up and validation of our therapeutic pipeline and point-of-care systems for clinical use through long-term contracts with our regional partners.” Caplan added: “We are rapidly gaining traction with our POCare Platform and continue to add new POCare therapies, technologies, and a growing global network through collaborations with research centers, hospitals and biotech companies.” She also noted that the sector has experienced “explosive growth” in the areas of cell and gene therapy, which is likely to result in major bottlenecks and capacity shortages in the industry. These deficits will be reflected in the exorbitant costs and manufacturing delays for these therapies, according to Caplan. “We believe that the current supply models are not optimal for this exciting stage of biotech innovation, both for smaller developers unable to secure capacity and larger developers investing heavily for capacity that may take years before coming online,” Caplan said. “We believe our strategy of decentralized supply of cell and gene therapies based on standardization of the manufacturing environment could be a solution for this industry, by potentially enabling lower costs, accelerating development and, once validated, could directly address the industry-wide capacity constraints,” she added. Orgenesis is continuing to grow its POCare Network via new joint ventures and partnerships with leading hospitals and research institutes in various countries across North America, Europe, Asia, and the Middle East. Most recently, the biotech firm entered into an agreement with a local partner to expand the POCare network in Australia. In the US, an expansion to the collaboration the company has with Johns Hopkins University is in the works which will include the establishment of a point of care development center. A similar initiative is also underway with UC Davis in California. “At the same time, we are incorporating into our clinical activity a number of highly advanced, automated POCare technologies. As an example, we have commenced enrollment for a Phase 2 clinical trial using the Tissue Genesis Icellator at the Hospital for Special Surgery (HSS) in New York. Orgenesis acquired the Tissue Genesis’ Icellator technology in October 2020,” Caplan noted. “Designed to be used at the point-of-care, the Tissue Genesis Icellator is a practical and cost-effective solution for clinical applications of stromal and vascular cells (SVF) from autologous adipose (fat) tissue. Data from this study may support expanded development of the Icellator in other orthopedic applications," she said. Contact the writer at georgia@proactiveinvestors.com Follow her on Twitter @MissInformd
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All this little robot wants to do is eat sea trash
Developed by IADYS, Jellyfishbot is a robot designed to help clean up trash in marinas, ports, and bays. Jellyfishbot is already being used in 15 French ports and is being put to the test in other parts of Europe and Asia.
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Green Stream Holdings, Inc., Management Announces That It Sees Its Solar Greenhouse Technologies As Answer To Growing Consumer Demand For Urban Gardening Needs
*It's The Company's Rooftop Farming And Conversion Old Shipping/Cargo Containers Into Inexpensive Greenhouses For Urban And Inner City Neighborhoods, Is Its Entrance Into The Rapidly Growing Urban Gardening Sector**NEW YORK, NY / ACCESSWIRE / August 5, 2021 /* Green Stream Holdings Inc. (OTC PINK:GSFI) ("the Company") (https://greensolarutility.com),an emerging leader in the solar utility and finance space, which had previously announced that it would be entering the rapidly growing urban gardening sector with solar greenhouses dedicated primarily to rooftop farming, and a program to project to convert old shipping/cargo containers into inexpensive greenhouses for urban and inner city neighborhoods, today confirmed it focus on serving the underserved, and announced that within the next few weeks it expects to launch its premiere self-contained Solar Greenhouses with its own irrigation system and back-up battery supply.
CEO James DiPrima said: "Our company has always had its focus on helping the underserved… being a socially responsible company. Last year when the company announced this innovation, Madeline Cammarata, our then CEO who is now passed, spoke of her vision for this project… and what she said is still impactful now! Madeline had also shown the rest of us, the importance of social responsibility and that every company should try to make not just money… but to make people's lives better. She said: "In inner cities across the USA a silent public health scourge stalks children and families living in urban sprawl and the scourge is this: lack of access to locally sourced, fresh, organically grown produce. Our Solar Greenhouses takes under-utilized space and turns them into sustainable inner city farms, harnessing collected solar energy and runoff water to become an oasis for healthy produce to be reintroduced into urban deserts and improve the health and well-being of the community. I am thrilled to highlight to our shareholders the continually refined focus of Green Stream on our unique, niche, business paradigm: the Community Solar Project. The Community Solar Project is an elegantly simple solution to basic renewable energy and sustainability challenges faced by high energy cost urban areas around the nation."
"In the last few years, rooftop gardening has been growing exponentially. The opportunity and necessity to grow crops on rooftops and inside tall building allows for an efficient use of the limited space found in cities and we have the infrastructure in place to begin cultivating these structures alongside and even within a select group of our current projects."
She continued, "We are confident that a new generation of organic super-sized food products grown locally under strict fully climatized conditions, will provide the next generation of urban cuisine, not to mention a supply source for community minded stores like Whole Foods, Target and local markets… "Now we have the ability to significantly impact the communities we serve with the opportunity for multiple streams of income from each project, from providing electricity for the public utilities, to growing fresh fruits and vegetables for the local restaurants. Growing season is 24 -7/365 in our climate-controlled roof top greenhouses powered by solar arrays, and with dual-benefit: storing power during the day for use at night and utilizing excess power to sell back to communities as an energy source."
*About Chuck's Vintage:*
Chuck's Vintage provides its clients an all access pass to historical fashion. Accessories, garments and complete ensembles from a bygone era, lest we forget its beauty. It seems only fitting that Chuck's Vintage would open its doors during a pandemic that is most closely associated with the plague that befell Los Angeles in 1924. In these times of uncertainty, and ever-changing business regulations and restrictions, Chuck's Vintage is doing its best to provide clients with a white glove experience.
Established in 2006, Chuck's Vintage is a store unlike any other; a true American original. The moment you step over the threshold at 16618 Marquez Ave, Pacific Palisades 90272, you find yourself amid abundant treasure. The selection of vintage denim has to be seen to be believed. The blue jeans in her store range from Strongholds found in the California Gold Rush mines to World War II-Era Levi's, Lees, and Wranglers, as well as 1960's ladies high-waisted and groovy deadstock Levi's bells. Come to Chuck's for the denim, but stick around and complete your look with the founder's sampling of vintage American workwear: rugged military and work boots, buttery leather bomber jackets, and soft, perfectly worn-in vintage 70's rock tees. Classic American Cool.
Chuck's Vintage was founded by GSFI former CEO Madeline Cammarata (f/k/a Madeline Harmon), who hailed from an illustrious background in fashion. Her career began as a fashion model, where she was soon discovered by the iconic and provocative fashion photographer Helmet Newton, launching Cammarata to the runways of Europe. Returning to the US, Madeline found a powerful niche in the high fashion world of denim, where she was instrumental in providing fabric development for powerful brands like 7 For All Mankind and provided thousands of pieces to celebrity and business elites from Steve Jobs to Morrisey and everywhere in between.
*About Green Stream Finance, Inc.*
Green Stream Finance, Inc., a solar utility and finance company with satellite offices in Malibu, CA and New York, NY, is focused on exploiting currently unmet markets in the solar energy space, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii, and Canada. The Company's next-generation solar greenhouses constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery products. The Company has a growing footprint in the significantly underserved solar market in New York City where it is targeting 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels. Green Stream is looking to forge key partnership with major investment groups, brokers, and private investors in order to capitalize on a variety of unique investment opportunities in the commercial solar energy markets. The Company is dedicated to becoming a major player in this critical space. Through its innovative solar product offerings and industry partnerships, the Company is well-positioned to become a significant player in the solar space.
Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Green Stream Finance, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Green Stream Finance, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
*All Inquiries Contact:*
+1 (424) 280-4096
president@greenstreamfinance.com
Website: greensolarutility.com
Instagram: chucksvintage original
Phone number: (646) 669-7007
*SOURCE:* Green Stream Holdings Inc.
View source version on accesswire.com:
https://www.accesswire.com/658555/Green-Stream-Holdings-Inc-Management-Announces-That-It-Sees-Its-Solar-Greenhouse-Technologies-As-Answer-To-Growing-Consumer-Demand-For-Urban-Gardening-Needs
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The New York Times attributes Ben Affleck's recent glow-up to "The JLo Effect"
After a glorious week, Bennifer Summer in Europe is now over and it’s been a few days since Ben Affleck and Jennifer Lopez have been seen, either together or separately. Last I heard, after leaving Italy before JLo, Ben was spotted in Paris with daughter Violet. JLo boarded a private jet on Sunday p...
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Biden to set symbolic 2030 target for electric vehicle sales
President Biden is set to announce a new target for electric vehicles to form at least half of all new vehicles sales in the US by 2030. It’s a non-binding executive order but is expected to be supported by vehicle manufacturers, both in the US and abroad. Ford, GM and Stellantis (formerly Fiat Chrysler) have issued a joint statement in which they said it was their “shared aspiration to achieve sales of 40-50% of annual US volumes of electric vehicles (battery electric, fuel cell and plug-in hybrid vehicles) by 2030 in order to move the nation closer to a zero-emissions future consistent with Paris climate goals”. Car manufacturers, perhaps goaded by the hullabaloo surrounding Tesla Inc, seem to have twigged that electric vehicles (EVs) are the way forward but in the US, as in many other countries, infrastructure constraints remain an obstacle to wide-scale adoption. The US is the world’s third-largest market for EVs, with new EV sales totalling 295,000 units according to market research firm IHS Markit. While this was down 11% on the year before – most likely because of the coronavirus pandemic – it was a smaller fall than the total market, where sales of new cars fell 23% to 14.6mln units. Earlier this year, IHS Markit predicted EV (excluding hybrids) sales would account for 25-30% of all new vehicle sales in 2030, so Biden’s target is a stretch but by no means unachievable. By 2035, IHS Markit thinks sales of EVs will form 45-50% of all automobile sales. The Biden administration is also tipped to announce proposed federal fuel economy and emission standards through the 2026 model-year, using California’s tougher environmental regulations as a basis. This might cause some consternation among the car manufacturers as they are hoping to use sales of “gas guzzlers” to finance the switch to producing electric vehicles; traditionally, the margins on electric vehicles have been lower than petrol or diesel-fuelled cars. Ford, Honda Motor and Volkswagen have agreed to the Californian regulations but other manufacturers are sitting on the fence. There seems to be more of an industry consensus on the move towards EVs. “What we're hearing across the board is a consensus about the direction where this industry is going and a coming together around the recognition that this is the moment of truth — not just for climate action, for economic action, as well,” said a senior Biden administration official in a briefing of reporters. US unions, however, might be less keen. The motors used in EVs take fewer hours to build and are often built overseas. “We are falling behind China and Europe as manufacturers pour billions into growing their markets and expanding their manufacturing,” said Ray Curry, the president of the United Auto Workers. Broker Wedbush said the US still has some catching up to do on international rivals when it comes to electric vehicles. “Recently auto stalwarts such as GM, Ford, VW and many others have doubled down on their EV initiatives over the coming years signalling a clear shift in the EV tide among traditional auto players looking ahead. In the US, there are many pure-play innovative EV players (consumer/commercial) on the horizon poised to capitalise on a Biden-driven green tidal wave domestically with our expectations that the tax credits and incentives around EVs will ramp significantly in the coming years,” Wedbush said. The broker reckons the EV market represents a US$5,000bn total accessible market over the next decade. “We view today's announcement as another driving factor speaking to our bullish EV thesis around the OEMs, trucking plays, supply chain, and foundational components of this next step in the green tidal wave led by Tesla, GM, and others focused on this EV vision,” the broker said.
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Neuter or not? The answer is no longer automatic.
A growing body of research has found that neutering can increase the risk of cancer, obesity and joint problems. And in some parts of Europe, neutering is viewed as an unnecessary, or even cruel and abusive, intervention.
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Adidas names Rupert Campbell head of North America
Adidas on Thursday named Rupert Campbell head of North America. He succeeds Zion Armstrong, who's moving home to New Zealand. Campbell, 54, a British national, currently heads Adidas' Russian business. He joined Adidas in 2012 as a retail director and previously served as senior vice president of retail in Europe. He was named to his current role in 2018. "We are excited to appoint Rupert as our new president of Adidas North America," said Roland Auschel, a member of the company's executive board,…
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HFPA Approves Reform Bylaws, New Board of Directors to Be Elected in September
Members of the Hollywood Foreign Press Association voted to approve new bylaws proposed by law firm Ropes & Gray on Wednesday, paving the way to reshaping the Golden Globes organization and lead to the election of an entirely new board of directors.The new bylaws will restructure the organization along the lines of inclusion, accountability and ethics. It will also open the doors for interested journalists to apply for new membership and will require a re-accreditation process for all 84 of the HFPA’s existing members.
The new board of directors will be elected in early September. Interested new members can apply here, and under the new bylaws, new members will be selected by a credentials committee that will now consist of five non-HFPA members, three HFPA members, and the board president. Members seeking re-accreditation may begin to submit materials to the credentials committee on Friday.
“Three months ago, we made a promise to commit to transformational change and with this vote we kept the last and most significant promise in reimagining the HFPA and our role in the industry,” Ali Sar, HFPA board president, said in a statement*. *“All of these promised reforms can serve as industry benchmarks and allow us to once again partner meaningfully with Hollywood moving forward.”
“These new bylaws bring accountability, inclusion and transparency within our association, and today’s vote is a testament to the dedication and commitment of our members to reflect, educate themselves, and build a better organization,” Helen Hoehne, vice president of the HFPA, said in a statement*.* “But we know the hard work starts now, and we invite our partners throughout the industry to join us in our mission to bring Hollywood to the world in a more inclusive and diverse manner.”
The HFPA’s current bylaws state that for any amendment of the bylaws, a first and second reading needs to take place before members can vote on the propositions. Additionally, for an amendment to pass, two-thirds of the membership would have to approve it. Ballots for final voting were sent out the week of July 20, and members had 10 days to vote and send back ballots. The final vote was tallied on Wednesday.
In July, TheWrap reported that members were revolting against Ropes & Gray because the firm suggested restricting older members from voting and travel, and further recommended that all travel expenses incurred by members for travel to press events or film festivals are now the responsibility of the member. To attend HFPA-sponsored events, members now have to execute a request to attend before any travel arrangements are made. Additionally, members are not allowed to travel to HFPA-sponsored film festivals after Nov. 1 until after they have submitted their nomination ballots for the Globes.
The board has already banned members from accepting gifts and other promotional items from studios, networks and talent. Accusations that members were being swayed by trips to Europe or other gifts have long been a contention against the HFPA.
You can read the new guidelines and next steps below.
*Membership: *
· The Southern California residency requirement is now eliminated, with any qualified journalist living in the U.S. who works for a foreign publication now eligible to apply.
· Eligibility is now expanded to journalists outside of the Motion Picture Association (MPA), and membership is now open to journalists who work in media beyond print.
· The sponsorship requirement is now eliminated, and the role of the credentials committee will include third parties from credible journalistic and other organizations focused on diversity, equity, and inclusion.
· New members will immediately be allowed to vote on the Golden Globes, vote on board members, and serve on committees.
· Member accreditation has been revised so that under the new process, all current members will be required to meet the standards as incoming members for re-accreditation of their membership. This process will take place annually, and members may immediately begin submitting materials to the credentials committee.
*Ethics:*
· A new grievance procedure will immediately go into effect to ensure accountability throughout the organization involving outside independent investigators. A new code of conduct will be signed by every member and subject to its provisions.
· Members will not be allowed to accept promotional materials or gifts from studios, publicists, actors, directors or others associated with motion pictures and television programs.
*Governance:*
· The Board of Directors will now include 15 total directors – 12 active members and three who are non-members. Members will elect the 12 internal directors. The Board will then select the three outside non-members.
· The HFPA will employ new Chief Executive Officer, Chief Financial Officer, Chief Human Resource Officer and Chief Diversity Officer.
*Diversity, Equity & Inclusion:*
· The majority of the members have already completed their initial diversity, equity and inclusion training sessions.
· Members will continue to participate in monthly DEI workshops as organized by DEI consultants, and complete mandatory sexual harassment training.
· All new board and committee members will undergo DEI and leadership training for their respective roles *What’s Next:*
· *8/5:* The current Board of Directors will set Initial Election Meeting, as required by the new bylaws.
· *8/6:* Members seeking re-accreditation can begin submitting materials to the credentials committee.
· *Week of 8/8: *Members who wish to be considered for elected office submit credentials to credentials committee; this must take place at least fifteen (15) days before the “Initial Election Meeting”
· *Week of 8/15*: Ballots are provided to active members for the election of a new, expanded board and credentials committee; this must take place at least ten (10) days before the ballots are due for tabulation
· Both the board and credentials committee, as currently comprised, remain in charge and functionally operational in their positions until the new, expanded board and credentials committee are seated
· *8/26 or 8/30*: Due date for ballots for the election of Board of Directors and credentials committee to be returned to Ernst & Young
· *8/27 or 8/31:* Election results for new, expanded board and credentials committee announced
· *8/30 or 9/1:* New board and credentials committee are seated; intensive work begins immediately on the myriad issues facing the organization, including the selection of three non-member board directors, and five non-member credentials committee members
· *9/3 or 9/7:* Election results for president are announced
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US average mortgage rates flat to lower; 30-year at 2.77%
WASHINGTON (AP) — Mortgage rates were flat to lower last week, with the average for the key 30-year home loan below 3% for the sixth straight week.
Uncertainty over the surging delta coronavirus variant and its potential effect on the U.S. economic recovery remained as a backdrop suppressing mortgage rates.
Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year mortgage fell to 2.77% from 2.80% last week. The benchmark rate, which reached a peak this year of 3.18% in April, stood at 2.88% a year ago.
The rate for a 15-year loan, a popular option among homeowners refinancing their mortgages, remained at a historically low 2.10%.
Concerns have been mounting in global financial markets around the delta variant’s spread in the U.S., Europe and Asia, and especially in China, which is on high alert as it confronts hundreds of fresh cases.
China has sealed off residential communities, suspended flights and trains, and ordered mass coronavirus testing in Wuhan, the city where the disease was first detected in late 2019. Although China’s numbers are small compared with outbreaks elsewhere, its containment strategies and the subsequent impact on its large economy are being closely watched.
In the latest evidence of a briskly rebounding U.S. economy and job market, the government reported Thursday that the number of Americans applying for unemployment benefits fell last week by 14,000, to 385,000. Benefits applications have mostly fallen steadily since topping 900,000 in early January. Still, they remain high by historic levels.
Uncertainty over the surging delta coronavirus variant and its potential effect on the U.S. economic recovery remained as a backdrop suppressing mortgage rates.
Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year mortgage fell to 2.77% from 2.80% last week. The benchmark rate, which reached a peak this year of 3.18% in April, stood at 2.88% a year ago.
The rate for a 15-year loan, a popular option among homeowners refinancing their mortgages, remained at a historically low 2.10%.
Concerns have been mounting in global financial markets around the delta variant’s spread in the U.S., Europe and Asia, and especially in China, which is on high alert as it confronts hundreds of fresh cases.
China has sealed off residential communities, suspended flights and trains, and ordered mass coronavirus testing in Wuhan, the city where the disease was first detected in late 2019. Although China’s numbers are small compared with outbreaks elsewhere, its containment strategies and the subsequent impact on its large economy are being closely watched.
In the latest evidence of a briskly rebounding U.S. economy and job market, the government reported Thursday that the number of Americans applying for unemployment benefits fell last week by 14,000, to 385,000. Benefits applications have mostly fallen steadily since topping 900,000 in early January. Still, they remain high by historic levels.
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In Photos: Fires Ravage Southern Europe
From the Greek islands to southern Turkey, extreme heat and dry conditions are driving devastating wildfires that have killed people and threatened homes, ancient heritage sites and tourist havens.
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Europe Faces an Energy Shock After Gas, Power Prices Rocket
After lockdowns forced Basel Hamzeh to close his cafe in a trendy Berlin neighborhood for months, the 53-year-old is confronting a fresh crisis: high energy bills.
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Hungry Jack’s founder’s plant-based meat startup expands in China, Europe
Billionare Jack Cowin’s plant-based meat maker v2food has raised $72 million from investors betting that more consumers around the world will make the switch to meat alternatives.
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The market is overlooking the change in Europe’s investment banks
Resilience through the pandemic shows how much has changed for sector
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US-Europe braced for winter flu outbreaks as social distancing ends
Epidemiologists fear populations are ill-prepared to withstand influenza after lengthy absence
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Former Grimsby Town assistant Anthony Limbrick leads TNS to historic result in Europe
The Welsh side are a step closer to qualifying for the Europa Conference League after creating history against Viktoria Plzen
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Opinion: The family keeping a hillclimb legacy alive
Racer’s sons honour him by restoring and running his famous cars
There’s surely no better way to honour the memory of a racing figure than to restore his most famous cars and demonstrate them at major events.
That’s just what brothers Andrew and Stephen Hepworth have done to celebrate their father, David, who died in 1992 at the age of 52. And they’re doing it in style with, notably, his one-off Hepworth FF hillclimb car and his mighty BRM P154 Can-Am sports car.
In June 1971, David carved himself a place in hillclimbing history by becoming the first driver to complete Shelsley Walsh in less than 30 seconds. It was a fearless 29.92sec ascent in the brutish 5.0-litre Chevrolet V8-powered Hepworth, which was effectively a Formula 5000 car with Ferguson four-wheel drive.
David’s passion for big-engined cars was obvious from the start, as one of his early competition cars was an Austin-Healey with a Chevrolet unit shoehorned into the front.
The self-conceived FF single-seater took the Yorkshireman to the British Hillclimb Championship title in 1969 and 1971 before he switched to racing the BRM machine.
Half a century later, Andrew took the single-seater back to the famous 1000-yard climb to run it at the Classic Nostalgia event. He had no intention of trying to emulate his dad’s sub-30-second climb, but he did thrill a bumper crowd by making a lot of noise going up the hill and coming back down.
When the FF first ran again at Prescott several years ago, David was there in more than just spirit, as Andrew took his ashes on the car’s first run in public for more than 40 years.
While Andrew demonstrated it again at Shelsley, Stephen ran the P154. The late, great Pedro Rodríguez tamed this vast 8.1-litre monster in 1971, before David purchased the complete project from BRM and raced one of the two cars across Europe in Interserie – the closest that Europe ever got to its own Can-Am series.
When Stephen threaded the BRM up the narrow ribbon of asphalt, it was thought to be only the car’s third run in public since 1974. It had sat in the Hepworth workshops for the better part of 40 years before the brothers decided to get it running again, and it has since been shown at the Goodwood Festival of Speed twice.
“It was basically mothballed in 1974, and it was there in bits until we started the restoration in 2015,” Stephen told me at Shelsley. “This is its first time here, and it’s very wide. The acceleration from the Top Ess up to the finish was pulling like a train. Absolutely awesome!”
The fans loved seeing these cars from an era when there were far fewer constraints on the imagination and ambition of race car designers.
Big, noisy and fast was the way, and that clearly suited the style of David Hepworth. He would be very proud to see his sons cherishing his memory.
*How it works: Pro mod drag racing cars*
As the Pro Mod name suggests, one of drag racing’s most popular classes is based on modified production saloons, as opposed to Pro Stock, with an all too obvious emphasis on the term ‘mod’. American muscle car body shapes dominate for a category that actually has its roots in the UK, but almost anything goes in terms of engine and body combinations.
The high-capacity engines started out as normally aspirated, but methanol-powered turbocharged and supercharged variations followed, with the iconic Chrysler Hemi V8 among the popular choices.
As Annie Wallace’s Santa Pod effort highlighted, quarter-mile runs in the low-6sec bracket or below is what front runners aim for in a category that has been designated by Motorsport UK as the official British Drag Racing Championship. Six rounds are scheduled each year, all running at Bedfordshire’s wonderful Santa Pod Raceway.
*Motorsport greats: Jean-Pierre Jaussaud*
A member of France’s golden generation of 1970s racing drivers, Jean-Pierre Jaussaud, who died recently aged 84, was a two-time Le Mans 24 Hours winner.
He made 13 starts at the great race between 1966 and 1983, winning for the first time in 1978, when he partnered future Formula 1 ace Didier Pironi in the dominant Alpine-Renault A442B. But it was his second win in 1980 that really cemented his place in French motorsport legend.
He and national hero Jean Rondeau prevailed over the Porsche 908 of Jacky Ickx and Reinhold Joest to claim a unique place in Le Mans history, as Rondeau became the first and so far only man to win in a car bearing his own name.
Jaussaud also raced single-seaters, including in Formula 1, contesting a British-series round held in France in 1979.
*Paul Lawrence*
*READ MORE*
*Young talent has bright future in historic racing*
*A second cancelled season adds worries for historic racing*
*Historic racer David Tomlin like a phoenix from the flames*
There’s surely no better way to honour the memory of a racing figure than to restore his most famous cars and demonstrate them at major events.
That’s just what brothers Andrew and Stephen Hepworth have done to celebrate their father, David, who died in 1992 at the age of 52. And they’re doing it in style with, notably, his one-off Hepworth FF hillclimb car and his mighty BRM P154 Can-Am sports car.
In June 1971, David carved himself a place in hillclimbing history by becoming the first driver to complete Shelsley Walsh in less than 30 seconds. It was a fearless 29.92sec ascent in the brutish 5.0-litre Chevrolet V8-powered Hepworth, which was effectively a Formula 5000 car with Ferguson four-wheel drive.
David’s passion for big-engined cars was obvious from the start, as one of his early competition cars was an Austin-Healey with a Chevrolet unit shoehorned into the front.
The self-conceived FF single-seater took the Yorkshireman to the British Hillclimb Championship title in 1969 and 1971 before he switched to racing the BRM machine.
Half a century later, Andrew took the single-seater back to the famous 1000-yard climb to run it at the Classic Nostalgia event. He had no intention of trying to emulate his dad’s sub-30-second climb, but he did thrill a bumper crowd by making a lot of noise going up the hill and coming back down.
When the FF first ran again at Prescott several years ago, David was there in more than just spirit, as Andrew took his ashes on the car’s first run in public for more than 40 years.
While Andrew demonstrated it again at Shelsley, Stephen ran the P154. The late, great Pedro Rodríguez tamed this vast 8.1-litre monster in 1971, before David purchased the complete project from BRM and raced one of the two cars across Europe in Interserie – the closest that Europe ever got to its own Can-Am series.
When Stephen threaded the BRM up the narrow ribbon of asphalt, it was thought to be only the car’s third run in public since 1974. It had sat in the Hepworth workshops for the better part of 40 years before the brothers decided to get it running again, and it has since been shown at the Goodwood Festival of Speed twice.
“It was basically mothballed in 1974, and it was there in bits until we started the restoration in 2015,” Stephen told me at Shelsley. “This is its first time here, and it’s very wide. The acceleration from the Top Ess up to the finish was pulling like a train. Absolutely awesome!”
The fans loved seeing these cars from an era when there were far fewer constraints on the imagination and ambition of race car designers.
Big, noisy and fast was the way, and that clearly suited the style of David Hepworth. He would be very proud to see his sons cherishing his memory.
*How it works: Pro mod drag racing cars*
As the Pro Mod name suggests, one of drag racing’s most popular classes is based on modified production saloons, as opposed to Pro Stock, with an all too obvious emphasis on the term ‘mod’. American muscle car body shapes dominate for a category that actually has its roots in the UK, but almost anything goes in terms of engine and body combinations.
The high-capacity engines started out as normally aspirated, but methanol-powered turbocharged and supercharged variations followed, with the iconic Chrysler Hemi V8 among the popular choices.
As Annie Wallace’s Santa Pod effort highlighted, quarter-mile runs in the low-6sec bracket or below is what front runners aim for in a category that has been designated by Motorsport UK as the official British Drag Racing Championship. Six rounds are scheduled each year, all running at Bedfordshire’s wonderful Santa Pod Raceway.
*Motorsport greats: Jean-Pierre Jaussaud*
A member of France’s golden generation of 1970s racing drivers, Jean-Pierre Jaussaud, who died recently aged 84, was a two-time Le Mans 24 Hours winner.
He made 13 starts at the great race between 1966 and 1983, winning for the first time in 1978, when he partnered future Formula 1 ace Didier Pironi in the dominant Alpine-Renault A442B. But it was his second win in 1980 that really cemented his place in French motorsport legend.
He and national hero Jean Rondeau prevailed over the Porsche 908 of Jacky Ickx and Reinhold Joest to claim a unique place in Le Mans history, as Rondeau became the first and so far only man to win in a car bearing his own name.
Jaussaud also raced single-seaters, including in Formula 1, contesting a British-series round held in France in 1979.
*Paul Lawrence*
*READ MORE*
*Young talent has bright future in historic racing*
*A second cancelled season adds worries for historic racing*
*Historic racer David Tomlin like a phoenix from the flames*
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Europe is burning: Four reasons why
Barely halfway through summer, the area burned by wildfires raging through the Balkans, Italy and the southeastern Mediterranean has already eclipsed yearly averages.
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Two adults and a teenager charged over death of five-year-old Logan Mwangi
Police have charged two adults and a 13-year-old boy over the death of five-year-old Logan Mwangi, who was found dead in a river in South Wales last week.
Studio: PA - Press Association STUDIO
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Influencer regenerates coral life at Dubai's Heart of Europe megaproject
Off the coast of Dubai, megaresort Heart of Europe is planning to create up to 500,000 square meters of coral reef. Influencer and diver Mouna Ghoneim shows how pieces of corals are being regenerated.
Studio: Bleacher Report AOL
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In-Depth: Mixing vaccines could help boost immunity against COVID-19
Research across Europe shows mixing different types of COVID-19 vaccines may give people stronger immune responses.
Studio: ABC 10 News | San Diego
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Coronavirus in numbers: 30,215 new UK cases
The Government said a further 86 people had died within 28 days of testing positive for Covid-19 as of Tuesday, bringing the UK total to 130,086.
Studio: PA - Press Association STUDIO
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Great Britain gold medalist unveils knitted cardigan
Great Britain’s gold medal winning diver, Tom Daley, unveils the cardigan he has been knitting while at the Olympic Summer Games in Tokyo.
Studio: Bleacher Report AOL
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Take a look at this perfectly preserved Ice Age animal
A well-preserved cave lion cub found in Siberia’s permafrost is 28,000 years old, according to researchers. The Siberian Simba, nicknamed Sparta, was one of two baby cave lions found in 2017 and 2018..
Studio: Bleacher Report AOL
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Migrants tell of risky journeys crossing Channel
As France and Britain crack down on migrants crossing the Channel, two men recall why they made the risky journey. Maha Albadrawi reports.
Studio: Reuters - Politics
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Migrants tell of risky journeys crossing Channel
As France and Britain crack down on migrants crossing the Channel, two men recall why they made the risky journey. Maha Albadrawi reports.
Studio: Reuters - Politics
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UK agrees dialogue partnership with south-east Asian trade bloc
The UK has agreed a new partnership with the south-east Asian bloc in a further sign of a post-Brexit shift away from Europe towards the Indo-Pacific region.The new agreement sees the UK become a..
Studio: PA - Press Association STUDIO
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Europe's plan to become the first carbon-neutral continent | Ursula von der Leyen
With the ambitious goal of becoming the first carbon-neutral continent by 2050, the European Union has committed to creating a greener world for future generations. In this bold talk, Ursula von der..
Studio: TED
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She tested positive for Covid-19 one week before her due date. Hear her story
The advice on whether pregnant people should get vaccinated has changed wildly over the course of the pandemic, and it’s left many who are expecting uncertain about their decision-making. CNN’s..
Studio: Bleacher Report AOL
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