Digital Asset DirectHoliday Countdown
News Media Group, Inc.
Contact Details News Media Group Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
November 22, 2022 11:00 AM Eastern Standard Time
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Digital Asset Direct
News ReleaseCan Artificial Intelligence And Big Data Help Predict The Future? Read how FiscalNote (NYSE: NOTE) Uses Predictive Analytics.
Benzinga
In complicated multivariable environments, there is no such thing as certainty. Just like the outcome of a soccer game can be impacted by nearly every touch of the ball on the field, other multivariable environments, like a political election or a pandemic, can be impacted by innumerable factors. This makes hunting for a certain outcome a difficult task. With certainty out of grasp, the next best thing becomes calculating probability, a far more feasible alternative. The rise of big data and artificial intelligence (AI) has radically altered the ease with which one can achieve this. With a big enough data set and a well-designed methodology, computer programs can glean hundreds of thousands of data points and categorize outcomes under certain probabilistic brackets. Users of this technology can reap significant benefits in complicated multivariable environments, especially if competitors do not possess this information. For example, it’s easy to envision how knowing that a certain market movement is likely to occur grants traders an edge over more ignorant competitors. The problem: This information is not easy to get. Luckily, certain entrepreneurs have made it their business to create predictive technology. Tim Hwang of FiscalNote Holdings Inc. (NYSE: NOTE), for example, has created a business that specializes in collecting data and repackaging it into actionable insights. Built on popular modern cloud technology, FiscalNote’s Predata Platform leverages big data and AI to predict probabilistic outcomes in highly uncertain environments, reportedly granting their users a huge edge over competitors. A FiscalNote Case Study: Predicting COVID-19 Movement During the onslaught of the COVID-19 pandemic, individuals who could ascertain the trajectory of the virus had supreme advantages over others. With knowledge of the virus’s next likely destination, governments, for example, could set up proper fortifications, and investors could hedge or liquidate positions. FiscalNote’s Predata Platform reportedly achieves this predictability goal. By measuring the finite distribution of human attention on social platforms, Predata’s patented methodology turns anonymized web traffic metadata into quantifiable measures of attention to individual narratives, topics and themes. This can then be used to predict the likelihood of events. At some point in the pandemic, for example, the Predata platform recognized that “global interest in the outbreak was increasingly driven by Italian- and Japanese-language audiences.” The sudden spike in interest from Italian- and Japanese-speaking demographics led to a prediction that COVID-19’s next outburst would be in those areas. “Four days after the Predata alert, Italian authorities reported a sharp rise in coronavirus infections,” FiscalNote says. Predata users were sent individualized alerts of this prediction before it was vocalized by media outlets around the globe. FiscalNote’s Predata platform has been used to make several complicated predictions, ranging from Iran’s possible retaliation to the United State’s Soleimini strike to the risk of an oil supply shock. With the tools to simplify complicated datasets and arrange them into actionable insights, FiscalNote reportedly provides its customers access to some of the most valuable information on the market — before it hits the market. Post-midterm elections, this unique service seems more important than ever. See how FiscalNote can help you prepare for future events here. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
November 22, 2022 08:15 AM Eastern Standard Time
News ReleasePlant-Based Holiday Meals
YourUpdateTV
In recent years, plant-based milk alternatives like oatmilk have become incredibly popular, progressing from small coffee shops to the shelves of the largest supermarkets in the country. You may be surprised to learn that oatmilk has a variety of uses beyond your morning cup of coffee – including taking the place of traditional dairy in some of your most beloved recipes. Recently, Registered Dietician and Nutrition Expert, Mia Syn teamed up with Oatly to discuss the benefits of oatmilk and how to incorporate it into your favorite recipes during the holiday season. A video accompanying this announcement is available at: https://youtu.be/HhFWuhFS9CM Whether you’re dairy-free, vegan, or simply looking to switch things up, oatmilk is a versatile and nutritious option with plenty of benefits. Derived from plant-based ingredients, meaning its free from any animal-based byproducts, oatmilk provides a number of nutrients, including fiber and vitamin B12. Oatmilk is a great option for those with dietary restrictions, such as lactose intolerance or nut allergies. In general, oatmilk is also better for the climate when compared to dairy milk. The go-to for Mia is always Oatly. The world’s original and largest oatmilk company, Oatly offers a large array of products, from oatmilks to frozen desserts, that can be enjoyed individually or incorporated into some of your favorite recipes. Mia shared some great recipes you can try at home, created by Chef Amanda Cohen, owner of Dirt Candy, an award-winning, Michelin-starred vegetable restaurant in New York City. To accompany your next holiday dinner? Roasted Carrots with an Oatgurt Dressing. A simple and easy way to brighten up a classic side dish, it starts with a cup of plain Oatly Oatgurt mixed with different herbs, spices and olive oil. And for dessert? A deliciously fun twist on classic pumpkin pie, Pumpkin Pie Oat Bars made with Full Fat Oatly Oatmilk. If you’re looking for more, Oatly recently released an entire YouTube series dedicated to finding out if different time-honored recipes could withstand the challenge of swapping in oatmilk in place of dairy called Will It Swap? To watch Oatly’s Will It Swap? series, or for more recipe inspiration, visit Oatly.com. About Mia Syn: Mia Syn, MS, RDN is a nationally recognized nutrition expert and founder of Nutrition By Mia, a popular online wellness destination frequented by millions of readers around the globe. She holds a Master of Science in human nutrition from Columbia University and has been featured by dozens of major media outlets including Women's Health Magazine, Cosmopolitan and SHAPE. As one of the most recognized and trusted young nutritionists in the country, she has helped hundreds of her clients and millions of her readers lose weight, improve their health and develop better sustainable eating habits for life. About Oatly: We are the world’s original and largest oat drink company. For over 25 years, we have exclusively focused on developing expertise around oats: a global power crop with inherent properties suited for sustainability and human health. Our commitment to oats has resulted in core technical advancements that enabled us to unlock the breadth of the dairy portfolio, including alternatives to milks, ice cream, yogurt, cooking creams, and spreads. Headquartered in Malmö, Sweden, the Oatly brand is available in more than 20 countries globally. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
November 22, 2022 06:00 AM Eastern Standard Time
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News ReleaseDenzel Ward’s Make Them Know Your Name Foundation Hosting a Holiday Outreach
Full Scope PR
Cleveland Browns’ cornerback Denzel Ward’s heart health foundation, Make Them Know Your Name (MTKYN), will be hosting a ‘Thanksgiving & Early Christmas’ outreach. MTKYN will be on-site for the City of Bedford tree lighting ceremony at Bedford Commons (730 Broadway Ave, Bedford OH 44146) on Wed, Nov 23 from 6-7pm to provide food for Thanksgiving meals and some Christmas surprises to 75 (pre-registered) families from the Greater Cleveland area. Not only will the foundation be giving away turkeys, but also two bags of sides for each family as well as Christmas gifts for the children. They’ve partnered with Giant Eagle to be able to provide this assistance to help families in need during this time of giving. “This is home for Denzel and our family. He has the unique opportunity to play for the city he grew up in, and we will always be here to help support the community,” said Denzel’s mother and MTKYN Executive Director, Nicole Ward. Growing up, it was important to the Wards to give back during the holiday season. They are carrying on the tradition in honor of their father who passed away from cardiac arrest at the age of 46. In addition to the food & gift giveaway, there will also be Heart Health education information available on site. The first 100 people to visit the MTKYN tent to learn CPR on our training mannequins and learn how to operate an AED machine will be gifted a Giant Eagle gift card. About Make Them Know Your Name Foundation: Make Them Know Your Name (MTKYN) is a heart health foundation propelled by individuals and organizations willing to act to positively impact the heart disease epidemic. Denzel Ward and his family experienced first-hand the unexpected loss of their patriarch, Paul G. Ward Jr., to cardiac arrest while he participated in a spin class. He was 46 years old. His premature death left behind a purpose and a legacy to carry on. Contact Details Sarah Edenfield sedenfield@aamanagement.com Company Website https://mtkyn.org/
November 21, 2022 06:00 AM Eastern Standard Time
News ReleaseOPPO Inspirational Games: Football is Full of Passion and Inspiration
OPPO
SHENZHEN, CHINA - Media OutReach - 21 November 2022 - OPPO today published a documentary Inspirational Games based on three witnesses’ stories of the most inspiring games in the UEFA Champions League. The 67-year history of the UEFA Champions League is an epic full of passionate and inspiring memories. Looking at the throwback highlights, we can still feel the passion encapsulated in each moment. For fans of the UEFA Champions League to relive the strong emotions of the most exciting games in history, OPPO hosted a global campaign to vote for the competition’s top three inspiring games of all time. This was followed by actually finding those who witnessed the game during the time, then interviewing them and finally bringing these stories of inspiration to everyone. As part of the campaign “Inspirational Games”, OPPO believes that these stories strike up conversations between even strangers and unify football fans. Furthermore, it rekindles the passion for the game to inspire more people around the world. Nam Kunn records his travel with OPPO Reno8 Pro “Going to the stadium to watch a game always draws your best memory,” Nam Kunn, a graphic designer and photographer based in Paris told us, “Football always brings the strongest emotions and never makes you bored.” As a supporter of PSG since 2000, Nam was a field photographer that happened to witness the amazing 4-0 during the first leg between Paris Saint-Germain and Barcelona, and the histrionic 1-6 during the second. The strongest emotions that football gave him continue to inspire his life till this day. As Nam puts it, supporting a club is more than a logo or a jersey. It describes your values, philosophy, and life. Deriving from his love for football, Nam was inspired to start a project to record the most inspiring moments of his travels, which include fashion, photography, and of course football. For him, football is a sport about cultural diversity. A sport for everyone to connect and share their passion. Tonín el Torero, a hardcore fan who holds another identity as the owner of a famous pub in Madrid would agree with Nam. He shared with us the inspiring moments when his pub brought total strangers from different countries together with football. “The passion for Real Madrid builds bonds.” Tonín recalls the time fans went wild when their team scored an amazing goal. That memory was a perfect depiction of a community coming together to embrace joy and hope. Tonín el Torero Football invokes our emotions and inspires underdogs to outperform their opponents. We’ve heard so many stories from football fans, however, OPPO is lucky to have interviewed Mike Ferney, a visually impaired fan who enjoys matches in a different way. “How could someone who is visually impaired enjoy a football match in a stadium?” you might ask. The answer is passion. The passion for football he had since childhood has now turned into a lifelong habit, and all of the matches that he experienced have become an unstoppable force that drives him ahead. Mike Ferney was diagnosed with visual impairment from birth, but this has not affected his zeal for football and Liverpool which started from a young age and has continued to this day. Though life with impaired vision is difficult at times, Liverpool’s victory at Istanbul moved him deeply at the age of 13. There he learned the life lesson “never give up,” and Mike describes it as his biggest takeaway from Istanbul 2005. “It's being three nil down against one of the best teams in Europe,” Mike still remembers that feeling of intensity while recounting the story, “It could have been easy to roll over and give up, but they carried on. And I think the moment is short. Then things that happen help me believe that, even though it is football, it can be tied to a life lesson.” Mike’s cousin Stephen assists him by giving him a visual description of everything that’s happening on the field, and he enjoys standing in the stadium to experience the matches. Because to Mike, there are more senses to feel at a matchup than simply watching. There is a special energy when you stand in the stadium with the crowd around, Mike calls it the “feeling of synergy,” and that goes beyond visual aspects to various sensations like the noise of fans celebrating and the ground beneath him shaking. Therefore, even with his visual impairment, Mike still experiences the games to a great extent and gains inspiration from football. Mike Ferney (center) watches football game with his cousin and friend For Mike, inspiration also means never giving up his passion for life and inspiring more people with his story. When life gets tough, Mike chooses to go to matches to feel the vibe. The relentless attitude is deeply rooted into his life and also encouraged a group of fans through the bond of Liverpool. Mike started a podcast named “Unfair Rap”, where he retells his story and meets new friends with shared interests and passion. It is always a pleasure for him to inspire the people around him. There are many people like Mike who are inspired by the passion for football, and advancements in technology allow us to better enjoy and record the game with pocket-sized devices, freezing the seconds of inspiration into everlasting memories. OPPO has been exploring more ways for people to enjoy sports under the brand proposition "Inspiration Ahead". Especially assistive technology for people like Mike who have visual impairments or other disabilities to experience more inspiration in their lives. For example, Color Vision Enhancement Technology, which made its debut on the OPPO Find X3 series, was designed to improve color identification abilities for those who suffer from color vision deficiency. Thanks to the technology, the screen displays more accurate colors. OPPO Research Institute Innovation Accelerator, which issued a focus on accessible technology was also a success this year. The accelerator was aimed to turn world changing ideas into reality. Among the winning proposals, we were glad to see innovative ideas like “machine vision solutions for the visually impaired”, and “exclusive mobile phones for the hearing-impaired”. These proposals addressed pressing social issues that deserve our concern. Guided by the brand proposition “Inspiration Ahead,” OPPO will continue to explore meaningful innovations regardless of the difficulties that lie ahead. The search for witnesses for “Inspirational Games” is not an ending, on the contrary, it marks a new beginning. OPPO will help more people enjoy the inspiration in life, and everyone can become a witness to their own moments of inspiration. To watch the documentary of star witnesses, please visit: https://youtu.be/-AKaiGTHgwA Contact Details OPPO International PR Team press@oppo.com
November 21, 2022 03:20 AM Eastern Standard Time
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News ReleaseVoiders to Start a New Phase in the Web3 Games Evolution
Voiders
The Voiders team is excited to announce that their game will start a new phase in the web3 games evolution. This new phase will bring better quality games, more opportunities for players to earn income, and a stronger community focus. The team's announcement has already generated a lot of hype and interest in the project. Not surprisingly, players and investors are eager to see what the game offers. The Voiders team is confident that their game will become a trend-setting project in the web3 field. A Closer Look at the Project's Core Voiders is a mid-core mobile game that is already complex and intellectual. However, the team behind Voiders plans to continue to evolve the game and add new content to keep players engaged. They also plan on supporting the game for at least seven years, which will positively impact investments in the project. NFT tokens are a small part of the Voiders project. However, those who own these tokens will be at the forefront of earning potential in the game. Players can earn income by playing the game and participating in the community. The Voiders team plans to change the mindset of web2 players. Moreover, they aim to show gamers that they can have fun and earn money by playing. They believe their game will open a new phase in the web3 evolution. Voiders is ready to set a new standard for quality games. At the same time, while trying to simplify the process of mass adoption of the product to the market, Voiders is ready to set a new standard for quality games. Discovering the Project's Storyline The team has also recently unveiled the main details of the game's storyline. Players will enter a dark and dangerous universe where they must battle the forces of evil. The game will offer a unique and challenging experience that keeps players hooked. Specifically, in the game, players will be able to choose from a variety of unique races. Each race has its strengths and weaknesses. Players must strategize and use their skills to defeat the Universal Evil and save the galaxy. The team chose to set the game in an imaginary world after a destructive event. The "Big Bang" nearly erased all living things in the universe. This provided the perfect setting for a game that is both dark and dangerous. Another essential aspect is that the Lore of the project allows players to develop the game plot endlessly. Preparing for Launch Voiders' team has also recently announced a well-designed timeline for its upcoming operations. The team plans to release several game modes in the closed alpha and beta tests. The first open beta test will begin in June 2023, giving all users access to the game. However, not all features will be available at that time. The team explained that this test would help them balance the game before release. All beta testers will receive additional rewards once the game officially launches. The team plans to release the game in Q4 2023. At launch, the game will include two main modes: PvP and PvE, with two secondary modes: pets and ships. About Voiders Voiders is ready to enter the market as the first and largest blockchain-based mobile FPS game. This team follows the principle of “Games First.” These professionals have no doubts: the Web3 market deserves quality and long-term oriented projects. The project offers all players a trustless and transparent gaming environment with its fair play system. Thanks to blockchain technology, Voiders can offer provably fair gameplay, item ownership, and true digital scarcity. Voiders is an online multiplayer first-person shooter (FPS) game for mobile that features player-versus-player (PvP) and player-versus-environment (PvE) gameplay. It does not end here: Voiders is not only an FPS, but it has other Meta games within its ecosystem. The project's team is excited to bring this new Co-Op multiplayer experience to mobile gamers worldwide. More information about Voiders is available on its website and the social media pages listed below. Twitter | Discord | Pre-minting Page Contact Details Voiders Maxim Nesterov capo@voiders.gg
November 18, 2022 07:00 AM Eastern Standard Time
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News ReleaseTia Lee’s Ingenious Campaign Continues In Second Episode of “GOODBYE PRINCESS” Animation Series
Redhill Asia
HONG KONG SAR - Media OutReach - 17 November 2022 - Overwhelmed by the response from fans to the first episode of the “ GOODBYE PRINCESS ” animation series, Asian fashion icon, C-pop singer, film and television actress, Tia Lee, wholeheartedly thanks everyone for their support. The trailer, first animated episode and accompanying moving stills have attracted 28.16 million views since its release on 11 November. Tia is excited to see another remarkable outcome with the release of the second episode “ Stuck in Time ” on 15 November. Thematic image echoing content of the second animated episode. Following the first episode, the mermaid transforms into a princess in “Stuck in Time” and sinks further into the depths of the ocean. A beam of light comes to her rescue and places her in the gentle care of a special fairy. Now as a princess, she is travelling in a magical carriage. She believes she is going to a magical palace with dazzling lights. Along the way, she tries on glamourous dresses and basks in the spotlight, pleasantly surprised by everything that the fairy has given her. But as the lights begin to fade, her disappointment grows. The palace that she longed for is getting further from her reach, and she realises that the carriage is travelling in circles with no destination. Moments before the clock strikes midnight, the princess takes a brave step to escape and run towards an uncertain future. As she leaps from the carriage, one of her shoes falls off and remains in the carriage. “Goodbye Princess” animation series episode 2 poster. The poster for episode 2 released on 16 November, shows: At first glance, the carriage appears to be magically taking the princess to a bright future. Upon closer look, the carriage is a prison cell enclosed by iron fences. The great wheel continues spinning, and the once glamourous clothes are changing. But is this the life that the princess desires? The dresses that the princess wears in the carriage are those that Tia has worn on stage during her modeling career. Beyond the dazzling lights that the princess yearns for lies a blurry castle. What does it all mean? How does the castle relate to “ GOODBYE PRINCESS ”? Another set of stunning motion and still images is also being released today together with Vogue Hong Kong to connect the animated video back to real life, presenting a determined Tia in a pink Jenny Packham princess dress running away from glamorously-dressed mannequins. Stay tuned for episode 3, which will be released on 18 November (tomorrow) as the mystery unfolds. Episode 3 release schedule: Official press materials: “GOODBYE PRINCESS” Animation Episode 2: https://youtu.be/ekd8qTMrWvo “GOODBYE PRINCESS” Episode 2 Poster: https://www.instagram.com/p/ClAz7n_vB5J/ https://www.facebook.com/photo/?fbid=679718756854682&set=a.231904644969431 (for downloading) “GOODBYE PRINCESS” Episode 2 Still Image: https://www.instagram.com/p/ClDY7grvRid/ https://www.facebook.com/photo/?fbid=683410633152161&set=a.231904644969431 (for downloading) “GOODBYE PRINCESS” Episode 2 Motion Image: https://youtu.be/z-6f0WuL7Vs Vogue Hong Kong「The Voice」Digital Cover: https://www.instagram.com/p/Ck7_neKsh_w/ https://www.facebook.com/photo/?fbid=681908259969065&set=pcb.681909583302266 (for downloading) Tia Lee Official Channels: Instagram @leeyufen: https://www.instagram.com/leeyufen/ YouTube: https://www.youtube.com/@tialeeofficial/ Facebook: https://www.facebook.com/leeyufentialee/ Weibo: https://weibo.com/u/1396928042/ About Tia Lee: Tia Lee (李毓芬), born in Taipei, is an Asian C-pop singer, film and television actress, model, and former member of the girl band Dream Girls. In addition to her acting roles and musical career, Tia appears frequently at major fashion shows. As a fashion icon and trend-setter, Tia has graced the covers of fashion, beauty and lifestyle magazines such as Vogue, Elle, Marie Claire, and shares her beauty and fashion tips through a number of Vogue’s social media channels. Contact Details Media Contact +852 6077 7342 global@redhill.asia
November 17, 2022 07:37 AM Eastern Standard Time
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News ReleaseBeer Lovers Holiday Guide
YourUpdateTV
A video accompanying this announcement is available at: https://youtu.be/in1BavIM62o With the holiday season right around the corner, many of us are already in planning mode. Need some ideas for elevating your holiday entertaining and gifting? Recently, Sam Calagione, craft beer visionary and Dogfish Head founder, completed a satellite media tour to help fill your bar cart with innovative flavors that suit the season. He shared everything viewers and listeners need to enjoy an “off-centered” holiday – from elevating your cocktail game to beer and cheese pairing ideas, to unique gifts for the beer lovers on your list. As one of the first modern breweries to use exotic culinary ingredients and flavors, Dogfish Head has successfully brewed with just about everything – lobster, raisins, oat milk, black limes, scrapple, syrup, bone broth, and even snails. Here are some of Sam’s favorite beer products for this holiday season: Canned Cocktails: Launched in 2021, Dogfish Head used its 20+ years of distilling experience to create a line of delicious, spirits-based, ready to drink canned cocktails - scratch-made with two full-proof shots of Dogfish Head Distilling Co. spirits in each can and featuring real culinary ingredients. Bright and citrusy Blood Orange & Mango Vodka Crush and Lemon & Lime Gin Crush Light, refreshing and berry-delicious Strawberry & Honeyberry Vodka Lemonade and Blueberry Shrub Vodka Soda. The Bar Cart Variety Pack offers all the flavors in one place for your holiday hosting needs or if you can’t decide on just one. Dogfish Head x Cabot Creamery Collaboration: Many folks think of pairing cheese with wine, but beer and cheese pairings can be just as complex and delicious and is a great, new way to wow guests at holiday gatherings or parties. In August, Dogfish Head announced their collaboration with Cabot Creamery to brew The Perfect Pairing, a hazy pale ale scientifically engineered to be ‘the perfect pairing’ for sharp cheddar cheese, specifically Cabot’s Seriously Sharp Cheddar cheese. Clocking in at 5.5% ABV, The Perfect Pairing is unfiltered and hop-forward with juicy, citrusy notes of grapefruit and pineapple. It can be found in Dogfish Head’s Off-Centered Party Pack, which includes three other popular beers and a QR code that gives you the perfect cheese pairings for each beer - a complete holiday party spread in one package. Wake Up World Wide Stout: In September, Dogfish Head launched a new, breakfast-themed iteration of the brewery’s fan-favorite World Wide Stout, lovingly dubbed Wake Up World Wide Stout. Robust, sweet and warming, Wake Up World Wide Stout is a jet-black beer with deliciously balanced notes of espresso, sweet maple, roasted cacao and smoked honey for an “out-of-this-world” flavor profile. Clocking in at 15-17% ABV, it is brewed with regeneratively grown malts from Epiphany Malting, organic maple syrup from New Leaf Tree Syrups, oat milk from Elmhurst and organic coffee beans from Rise Up Coffee Roasters. As of mid-September, Wake Up World Wide Stout is available for purchase coast-to-coast in 4pk/12oz bottles, where legal. Crimson Cru: Just launched in October, Crimson Cru is the culmination of more than 225 years of collective brewing experience, thanks to a special and unique collaboration with Belgium’s Browerji Rodenbach. As part of Dogfish Head’s 2022 Off-Centered Art Series, this brew makes for a great holiday gift (no wrapping needed!) as it features bold packaging design and artwork from both breweries’ logos. Deep copper in color, Crimson Cru begins with Rodenbach’s world-renowned Grand Cru, a Flemish red-brown ale aged in oak casks, that made the overseas trek from Belgium to Delaware via tanker ship. After its cross-Atlantic journey, Rodenbach’s Grand Cru was artfully blended with an off-centered, 7.1% abv red ale infused with sumac and sweet orange peel that was then dry-hopped with Hallertau Blanc hops. The resulting beer is full-bodied and slightly warming with aromas of candied citrus, cherry, caramel and toffee, complemented by malty flavors of stewed fruits, plum, cherry, dried citrus and toffee. To find out more about these products and learn more about Dogfish Head, go to Dogfish.com About Sam Calagione: Sam Calagione has been focused on brewing beers with culinary ingredients since 1995, when Dogfish Head first opened as the smallest craft brewery in America. Today, Dogfish has grown into a 400+ person company and is one of the most recognized breweries in the country. Dogfish Head is based in Delaware with Dogfish Head Brewings & Eats, an off-centered brewpub and distillery, Chesapeake & Maine, a geographically enamored seafood restaurant, Dogfish Inn, a harbor-front beer-themed motel and Dogfish Head Craft Brewery, a production brewery and distillery featuring a Tasting Room & Kitchen. Dogfish currently sells beer across the US and Dogfish Head Distilling Co. spirits in the mid-Atlantic region. In July 2019, Dogfish Head proudly merged with the Boston Beer Company. Sam’s innovative style and collaborative spirit has earned him a reputation as one of the industry’s most adventurous entrepreneurs and brewers. Sam has authored four books and was named the James Beard Foundation’s Outstanding Wine, Spirits, or Beer Professional in 2017. Sam, his wife and co-founder Mariah and their family reside in coastal Delaware Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
November 17, 2022 07:00 AM Eastern Standard Time
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News ReleaseAsure (NASDAQ: ASUR) Reports Strong Q3 2022 Earnings - Management Upbeat with Encouraging Top & Bottom Lines
Benzinga
Asure Software, Inc. (NASDAQ: ASUR), a cloud services provider in the Human Capital Management (HCM) industry, posted stellar Q3 2022 financial results at a time when Wall Street is unforgiving to slips in execution. With persistent inflation and a potential recession in 2023 on the horizon, small and medium-sized businesses (SMBs) crave efficiency. That’s made Asure’s HCM solutions more relevant than ever. The HCM company is also seeing benefits from record-low unemployment, which continues to offset any potential recession impact and higher interest rates help Asure generate float revenue. In a sense, some of the bad headlines dominating the financial news over the past year are positive for Asure’s business model, as they act as a hedge against recession. Recent News and Accomplishments During Q3 2022 Management’s strategy centers around increasing its number of integrations and partnerships to help SMBs cut costs and streamline their back office operations. HR solution provider PrismHR will now offer Asure’s Payroll Tax Management Services and FlexTax platform to its client base of over 80,000 organizations. "This new partnership provides an opportunity to significantly expand our payroll tax business into the PEO and ASO markets while enabling PrismHR to provide an alternative, standalone tax filing solution that complements their existing HR portfolio,” said Pat Goepel, Chairman, and CEO of Asure. “Our deep expertise in the complex landscape of payroll taxes uniquely positions Asure to deliver not only a user-friendly software solution to PrismHR’s customers but also the experienced counsel and support of a knowledgeable team of payroll tax experts." Asure recently entered into collaboration with Equifax and its The Work Number tool, which is available to its software users for income and employment verification. This approach to both provide its IP and leverage the technology of other providers when appropriate has allowed for Asure’s growth to be 100% organic as opposed to through acquisitions. “Equifax brings deep expertise in verification services, and through our integration with The Work Number, we’re delivering significant benefits to our 80,000 small business customers and reseller partners and their employees,” said Pat Goepel, Chairman, and CEO of Asure. "Employers will no longer have to spend time manually responding to verification requests, and their employees will have instant access, more seamless verifications in support of important life events." During Q3 2022, Asure expanded its tax filing capabilities to help CPA firms and tax pros to streamline services for the high-demand Employee Retention Tax Credit (ERTC), which is a COVID-era policy that provided businesses up to $26,000 per retained employee. Asure’s solution helps automate back-office transactional processes of calculating the compliant tax credits and filing the necessary quarterly amended returns to qualify for the ERTC. At Asure, we’re always seeking new ways for technology to support small businesses and the organizations that serve them. Our CPA partners were telling us they couldn’t keep pace with the volume of administrative work associated with ERTC demand. Our technology automates the back-office ERTC work so they can focus on high-value client work,” said Pat Goepel, Chairman, and CEO of Asure. “We’re excited about this new technology’s ability to help drive organic growth as it allows us to serve even more payroll and non-payroll clients alike.” Lastly, Asure announced the expansion of 401(k) plan options for small employers with an additional 80+ provider integrations. This helps SMBs to remain competitive in attracting top talent by offering more enticing retirement benefits. Furthermore, the integration allows clients to sync the Asure payroll system with the 401(k) platforms to streamline enrollment, reduce dual entry, and retain compliance. “In today’s job market, prospective employees have high expectations, even from smaller organizations. Making it easy to offer 401(k) options for retirement savings is just one way that Asure is empowering our customers to be more competitive, while also removing administrative burdens,” said Pat Goepel, Chairman, and CEO of Asure. ASUR: Q3 2022 Financial Results Breakdown Revenue rose 22% year-over-year to $21.9 million during the third quarter of 2022 ended September 30, 2022. Even more impressive, total bookings, a forward-looking metric measuring the total value of all contracts signed, were up 91% year-over-year. Asure did post a net loss of $4.5 million during the quarter. This appears worrisome when you consider that the same quarter last year featured $5.3 million of net income. However, accounting without context can be deceiving. The $5.3 million net income in Q3 of 2021 was the result of a $10.5 million ETRC. A more reliable comparison would be the adjusted EBITDA reading. Asure’s adjusted EBITDA of $2.1 million, which excludes the ERTC tailwind, shot up 71% relative to the prior year period. In other words, operating expenses are shrinking relative to revenue, leading to more profitability. Progress on both the top and bottom lines. Q4 2022 and Full-Year 2023 Guidance Estimates Continued Growth Management not only raised revenue projections for Q4 2022 but shared their guidance for 2023 - a revenue growth target of 9-13% while increasing margins to 14-16%. Specifically, Asure Software estimates Q4 2022 revenues to come between $23.5 million and $24 million, with an adjusted EBITDA goal of $3 million to $3.5 million for the quarter. For the full-year 2022, the HCM services provider sees total revenue coming in between $90 million and $90.5 million on an adjusted EBITDA range between $10.5 million to $11 million. Looking forward to 2023, Asure sees revenue coming in between $98 million and $102 million. Asure continues to showcase its resilience. While many SaaS companies are bleeding, Asure’s retention rate and revenue per client both rose year-over-year. The company continues to be well-managed and disciplined, even as the overall economy sees some volatility and uncertainty. Asure is a volatile micro-cap tech stock on paper, but it’s becoming increasingly clear that small and medium-sized businesses are viewing the company’s services and technologies as essential, not as a discretionary expense. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. 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November 16, 2022 11:35 AM Eastern Standard Time
