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New Legal & General Study on Millennials and Housing Takes on Intergenerational Conflict Over Home Ownership

Legal & General

About half (48%) of non-home owning millennials are saving for a down payment 55% of those who are saving can’t afford to buy yet 12% of millennials abandoned their plans to buy a home 13% of millennials considering a Covid-driven move want to be nearer to family; 8% wanted to move away from family “Thanks Boomers.” There’s a quasi-war over housing going on between U.S. millennials and the generations comprising their parents and grandparents, with many 25- to 40-year-olds caught between blaming older generations for their difficulties in becoming homeowners and feeling dependent on them for necessary financial help if they are ever to succeed. Today, the fourth part of a broad new study conducted by Legal & General Group, U.S. Millennials and Home Ownership – A Distant Dream for Most, is released, diving into the deeply-held grudge millennials hold against Baby Boomers in particular for thwarting their home buying plans. This fourth segment of the data-rich study, Mind the Gap: The Intergenerational Home Ownership Blues, looks at the skyrocketing cost of housing and how changing intergenerational housing needs and other unseen factors are contributing to the reality of housing unattainability for many millennials. With longer healthy life expectancies than ever before, Baby Boomers are deciding to downsize but remain in privately owned housing, putting a strain on affordable housing stock just as the younger generation of home buyers want to buy starter houses. While the long-term consequences of these demographic shifts are still unfolding, the study found other factors exerting added pressure on the housing market, including institutional investment. Legal & General Group Chief Executive Nigel Wilson commented: “The severe shortage of affordable housing in the U.S., as well as the disproportionate amount of wealth held by older generations, significantly mirrors what we’re seeing in the U.K. Beyond older generations staying put in their own homes or being in a more competitive position to purchase starter-size smaller homes as they downsize, we see other market forces at work which are worsening the supply-demand imbalance. In the U.K. at Legal & General, as part of the solution to this imbalance, we are building a larger stock of affordable homes for first time buyers to purchase, as well as creating more opportunities for ownership through rent-to-buy programs.” Study Co-Author and Legal & General Corporate Affairs Director John Godfrey notes: “The proportion of 30-year-old U.S. home buyers has gone down steadily with each passing generation—over half of Baby Boomers owned a home at 30, 48 percent of Gen Xers, and so far millennials are at the bottom with just 42 percent. Considering that home ownership is a fundamental way to build wealth, it bodes poorly for millennials that affordable housing is becoming increasingly inaccessible to them. We should be meeting the demand by creating more opportunity, not less, for home ownership.” Legal & General’s study looks not only at the intergenerational housing gap, but also at demographic choices based on age and life stage, and at various drivers shaping these choices, including corporate investment and the rising cost of housing. The next segment of the study will look at the role of student loans and medical debt in hindering millennials in their home ownership quest. # # # Media Contact: For more information on the 2021 U.S. Millennials and Home Ownership study, or to see a copy of Part 4 of the report, please contact: Meir Kahtan: mkahtan@rcn.com +1 917-864-0800 Meir Kahtan Public Relations, LLC Notes To Editors The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. About the Study Legal & General undertook proprietary research into the attitudes and changes, as well as geographic shifts, U.S. Millennials are experiencing in relation to home purchases and affordable housing. The U.S. Millennials and Home Ownership research was compiled using original survey data 875 U.S. based Millennials who don’t own a property, then segmented into three distinct age groups and other demographic markers. The survey work was carried out by Legal & General. Fieldwork was undertaken during March and April 2021. All surveys were carried out online. About Legal & General Group Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the U.S., Europe, Middle East and Asia. With over $1.4 trillion in total assets under management, Legal & General is the UK’s largest investment manager for corporate pension schemes and a UK market leader in pension risk transfer, life insurance, workplace pensions and retirement income. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.legalandgeneralgroup.com/

December 01, 2021 09:00 AM Eastern Standard Time

QX Global Group is now a proud member of the BDO Alliance USA

QX Global Group

QX Global Group, a leading knowledge process outsourcing company with a growing presence in North America, today announced its membership with the BDO Alliance community, America’s foremost association of independently owned local and regional accounting, consulting, and financial services firms with aligned client service goals. This alliance strengthens and further extends QX’s award-winning and acclaimed industry experiences in enabling transformation of their clients' internal business operations to streamline and simplify their processes. QX will draw upon the knowledge, expertise, and resources of the BDO Alliance to support the transformation and growth of accounting firms in the US by leveraging its vast pool of highly qualified talent consisting of accountants, tax professionals, and consultants. Commenting on the development, Mr. Ravi Kurani, Country Head, North America, said, “This alliance opens up whole new possibilities for QX and our accounting clients in the US. We bring to the alliance community cost-effective, professional and secure outsourcing services to help them resolve talent gaps, extend their service offerings, and thereby increasing both margins and profits." QX brings to the financial community outsourcing solutions that adds value to accounting firms especially in a time when the profession is faced with a severe shortage of skilled staff. “We believe the professionals of QX Global Group share BDO’s commitment to exemplary client service and we want to welcome them into the BDO Alliance USA,” said Michael Horwitz, BDO USA, LLP Partner and Executive Director of Alliance Services. QX continues to build on its rich legacy of providing enhanced outsourcing services in accounting practices, primarily around tax preparation, accounting and reengineering projects. About QX Global Group QX Global Group is a leading provider of business process management services. With over 17 years of accounting and recruitment process outsourcing experience, we help our clients unlock business value by improving process efficiencies and automation in the accounting and recruitment function to enable business transformation. We are based out of the UK with offices in the USA, Canada, Australia, and India. About BDO Alliance The BDO Alliance USA is a nationwide association of independently-owned local and regional accounting, consulting, and service firms with similar client service goals. The BDO Alliance USA presents an opportunity for firms, by accessing the resources of BDO USA, LLP, and other Alliance members, to expand services to their clients without jeopardizing their existing relationships or their autonomy. The BDO Alliance USA was developed to provide member firms with an alternative strategy for gaining a competitive advantage in the face of a changing business landscape. Participants in its Vendor Marketing Program include non-member firms that serve as vendors providing additional products and services to member firms and their clients. The BDO Alliance USA is a subsidiary of BDO USA, LLP, a Delaware limited liability partnership. Contact Details QX Global Group Vishal Kurani +1 646-693-9693 vishal.kurani@qxglobalgroup.com Company Website https://qxglobalgroup.com/

November 30, 2021 11:14 AM Eastern Standard Time

A second significant deal for Nofar Energy in Poland’s renewable energy market

Ivri PR

In line with its strategic plan and following its entry into Poland’s renewable energy market, Nofar Energy (NOFR) today announced a second significant deal in Poland. Nofar reported it had purchased a portfolio of solar projects with a total capacity of 185 megawatts. Earlier this week, the company said it had signed an agreement with Electrum SP. Z O.O, a leading player in Poland’s renewable energy market. Under the contract, the two companies will jointly own a corporation devoted to initiating, developing, managing, and maintaining photo-voltaic (PV) and wind energy projects in Poland with a capacity of up to 1,250 megawatts. The expansion of Nofar’s operations in Poland adds to the projects, companies, and development platforms that Nofar already owns in the USA, Spain, Romania, Italy, and Israel. Under the new deal, Nofar Europe (90%) inked an agreement to buy a portfolio of solar projects in Poland with a total capacity of 185 megawatts, which are in different stages of construction and development. The projects are acquired from Paged Real Estate, which will develop them until RTB. The company plans to connect the projects to the power grid in 2023-2024. The portfolio comprises 14 projects with capacities ranging from 1 to 68 megawatts. The projected construction cost of all the projects in the portfolio is € 96.6 million, and their projected annual revenues are estimated at € 11.7 million with a yearly EBITDA of approx. € 7.8 million. Nadav Tenne, CEO of Nofar Energy, said, “the current deal and the partnership with Electrum, which we announced earlier, adds to Nofar’s development momentum in the USA, Italy, Romania, Spain, and Israel. Anchored in the global organizational infrastructure that we built over the past year, including initiation, development, funding, construction, and management in the said markets. Nofar’s unique business model, organizational scheme, and global presence allow it to develop additional growth platforms in profitable growth. At the same time, the company invests in its current operations to ensure continued rapid growth.” Poland’s renewable energy market In February 2021, the Polish government adopted the Polish Energy Policy for 2040 (PEP2040). The policy stipulates that by 2030, coal-based electricity will be reduced from 66% to 56%, CO 2 emissions will be reduced by 30%, and the rate of renewable energies in power generation will increase from 13% to at least 23%. These milestones will be implemented concurrently with constructing marine power generation facilities and increased power generation from nuclear energy. Furthermore, the Polish government has also undertaken to shut down all the coal mines in the country by 2049. Poland’s renewable energy market is projected to grow substantially over the next few years, among others, to comply with the policy objectives. An independent consulting company estimated that 11.3 gigawatts of new power generation projects from renewable sources (solar and wind) will be built by 2025. By 2030, the capacity would increase by 25.7 gigawatts compared with today’s power. Of this capacity, 10.3 gigawatts will be generated from solar plants, 9.4 from land-based wind energy facilities, and the balance from wind energy facilities located in the sea. Thus, by 2025, electricity from renewable sources is expected to account for 21% and 42% by 2030, compared with 13% in 2021. Contact Details nofar-energy Dikla Ivri Pardnoy +972 52-380-4085 Dikla@ivripr.com Company Website https://www.nofar-energy.com/

November 25, 2021 01:55 AM Eastern Standard Time

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REALTORS® Reveal Buying and Selling Tips for a Competitive Real Estate Market

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/McIbClV5apA Drive down any street in America over the past two years and one thing is obvious: the real estate market is booming. How hot is it? Nearly 9 out every 10 homes (86%) sold in September 2021 were on the market for less than a month. Existing-home sales jumped 7% in September as each of the four major U.S. regions witnessed monthly sales increases. The median existing-home sales price climbed 13.3% from a year ago. So, what is the real estate outlook for 2022? The National Association of REALTORS® weighs in. “All markets are seeing strong conditions and home sales are the best they’ve been in 15 years,” said Dr. Lawrence Yun, chief economist of NAR. “The housing sector’s success will continue, but I don’t expect next year’s performance to exceed this year’s.” Additionally, Yun predicts that mortgage rates will see an increase of 3.7% in the coming months, a rise attributed to persistent high inflation. Home prices rose an average of 12% in 2020 and 2021, while inflation rose 3%. While NAR has a good idea of what to expect nationally, nobody knows your neighborhood better than a REALTOR® who lives and works in your community. They wade through complicated, data-heavy volumes of information about local markets to help consumers navigate what is the most complex and important transaction of their lives. In fact, while most buyers begin their home search online, 9 out of 10 still choose the assistance of a trusted real estate agent to guide them through this infrequent, complicated transaction. For more information, visit https://www.realtor.com/ About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

November 22, 2021 09:00 AM Eastern Standard Time

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Nostromo secures a $9.1 million equity investment by Migdal and Freepoint Commodities

Nostromo Energy Limited

Nostromo Energy Ltd. (TASE: NOST), provider of sustainable energy storage solutions to commercial and industrial buildings, based on its proprietary IceBrick™ technology, announced today a $9.1M equity financing by Migdal Group, one of the largest financial groups in Israel, investing approximately $7M, and another $2M by Freepoint Commodities, a Stamford, CT based commodities and energy trading company and developer of renewable energy projects. The investment was in the form of a private issuance of ordinary shares at a price per share of $10.8, including non-tradable 30-months’ warrants to invest an additional $6.4M ($5.0M by Migdal and $1.4M by Freepoint) at a price per share of $15.1, representing a 40% premium on the transaction price. Completion of the investment depends on the approval by the Tel-Aviv Stock Exchange for listing the issued shares for trade. The proceeds of this investment will be used by Nostromo to expand its business operations in the US market, as well as expand its R&D, software, engineering, project management, production, Q&A, regulatory and US sales and marketing organization. “This investment further strengthens our financial position and, more importantly, creates partnership with two important shareholders with significant value. Migdal is a leading institutional investor, with a clear commitment to clean energy, energy storage, and sustainability in general,” says Yoram Ashrey, CEO of Nostromo. “Freepoint brings a broad and deep understanding of energy markets, which will be highly valuable to us as we grow in the US market.” “As renewable sources of power provide more of our electricity needs in the future, there will be an increasing demand for storage systems to balance the power grid. Nostromo’s innovative IceBrick is a solution unique in its safety and reliability, and will no doubt be a compelling mechanism to create behind-the-meter power storage in the future. We are highly impressed by the Nostromo team’s achievements to date and look forward to working with them in the future to expand commercial adoption of the IceBrick technology.” Said David Messer, CEO of Freepoint Commodities. About Nostromo Energy Nostromo accelerates the renewable energy revolution, with its sustainable energy storage solution that enables commercial and industrial buildings to do their part in stopping climate change by becoming large-scale energy storage assets. Nostromo paves the way to a carbon free electric grid, while offering a safe, clean and financially beneficial system to building owners. Nostromo’s revolutionary technology, the IceBrick™, stores cold energy during off-peak or surplus solar hours and uses it to power commercial space cooling, which accounts for approximately 40% of power demand during peak hours. https://www.nostromo.energy Contact Details Lea Berdugo +972 54-297-3672 lea@reblonde.com Company Website https://nostromo.energy/

November 11, 2021 09:00 AM Eastern Standard Time

Home Maintenance Tips for the Winter: How to Know if You Need to Call an Expert

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/2UPtX1CdE1s Ready or not, winter is on its way. Depending on where you live, you might've already felt the temperature drop, which means it's a good time to start preparing your home for the coldest months ahead. But if you’re not an expert in DIY home maintenance, knowing where to look and knowing what to look for can be difficult. It may be time to call in the real experts. On Thursday, November 4 th, Chief Operating Officer of One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electric, Mark Dawson conducted a nationwide media tour to share helpful tips on preparing your home for winter and for the influx of family and friends this holiday season. For more information, expert and licensed professionals at Benjamin Franklin Plumbing, One Hour Heating & Air Conditioning and Mister Sparky are ready to assist and service homeowners across the country. To request a service, visit: https://www.mistersparky.com/ https://www.benjaminfranklinplumbing.com/ https://www.onehourheatandair.com / About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

November 10, 2021 04:54 PM Eastern Standard Time

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American Equipment Completes Acquisition of Washington Crane & Hoist

Rotunda Capital Partners LLC

American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired Washington Crane & Hoist (“Washington Crane”), the premier provider of overhead crane maintenance, repair, and overhaul (“MRO”) services and equipment in the Pacific Northwest and Alaska. Washington Crane is the third acquisition completed by American Equipment since partnering with Rotunda in May of 2021. For more than 45 years, Washington Crane has been providing a full suite of overhead crane and hoist solutions to market-leading customers throughout the Pacific Northwest and Alaska, including OSHA mandated inspections, preventative maintenance and repair services, parts, engineering, new and replacement equipment, and system modernizations. Washington Crane is headquartered in Pacific, Washington, with additional facilities in Vancouver, Washington and Anchorage, Alaska. The acquisition of Washington Crane adds another premium brand to American Equipment’s portfolio of leading overhead crane and hoist MRO service and equipment providers, and further strengthens its position as the leader in advanced and highly engineered overhead crane systems. “We are excited to welcome the entire Washington Crane team to the American Equipment family,” said American Equipment CEO Adam Zimmerman. “Leveraging both companies’ differentiated capabilities and expanded geographic footprint enables us to deliver unprecedented value to our customers. The acquisition of Washington Crane is a tremendous milestone as we reinforce our position as the trusted partner-of-choice in the overhead crane and hoist markets.” “I have been extremely impressed with the American Equipment and Rotunda teams, especially their collective vision for the industry,” said Mike Currie, owner and president of Washington Crane. “After meeting with American Equipment, it was clear to me that Adam and his team are building a special company – their focus on their customers, employees, and safety are best-in-class. We are thrilled by the opportunities this acquisition creates for both our customers and our employees.” Currie will continue to support the company and its customers post-transaction as a special advisor to American Equipment. About American Equipment Holdings American Equipment Holdings is home to a collection of leading overhead crane and hoist distributors and service providers, including American Equipment, Pacific Crane & Hoist, Allied Crane, and Washington Crane & Hoist. The consolidated entity is one of the largest independently owned overhead crane and hoist solutions providers in the country, serving over 3,000 customers across 17 strategic locations throughout Alaska, Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, Washington, and Wyoming. Together, American Equipment Holdings provides comprehensive solutions for everything related to customers’ overhead crane and hoist needs, including OSHA mandated inspections, preventative maintenance and repair services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated cranes, system modernizations and training. American Equipment Holdings represents the industry’s leading manufacturers such as Detroit Hoist, Columbus McKinnon, ACCO, R&M, Demag, Gorbel, Spanco, IMS, Harrington, Conductix, Magnetek & PE, among others while customers rely on its service, design, engineering, fabrication, and installation capabilities to meet their unique application needs. American Equipment Holdings serves local, regional, and national customers across a variety of end markets, including light and heavy industrial, automotive, mining, public utilities, military, aerospace and defense, and energy, among others. For more information, visit www.amquipinc.com. About Washington Crane Founded in 1975, Washington Crane is the premier provider of overhead crane maintenance, repair and overhaul services and equipment in the Pacific Northwest and Alaska. Washington Crane provides a comprehensive suite of solutions to a diverse group of world-class customers including OSHA mandated inspections, preventative maintenance and repair services, parts, engineering, new and replacement equipment, and system modernizations. Washington Crane is headquartered in Pacific, Washington with additional facilities in Vancouver, Washington and Anchorage, Alaska. For more information, visit www.washingtoncrane.com. About Rotunda Capital Partners Rotunda Capital Partners is a private equity firm that invests equity capital in established, lower middle market companies. Rotunda partners with management to build data-driven growth platforms within its targeted sectors, including value-added distribution, asset light logistics and industrial/business services. Founded in 2009, the firm has a long history of helping management teams achieve their goals for growth. The Rotunda team actively provides guidance and draws on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. The firm has offices in Bethesda, MD and Evanston, IL. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://www.rotundacapital.com

November 09, 2021 07:34 AM Eastern Standard Time

MOTIS Brands Acquires Pier of d'Nort

Rotunda Capital Partners LLC

MOTIS Brands (“MOTIS”), a Rotunda Capital Partners portfolio company, has acquired Pier of d'Nort (“PDN”), a leading manufacturer of innovative aluminum pier systems. For 20 years, Pier of d’Nort has designed and manufactured their patented dock system and related accessories. PDN’s premium piers can be found all over the United States, and each is built-to-order in St. Germain, Wisconsin. For MOTIS, the acquisition of PDN adds another quality brand to its portfolio and bolsters existing U.S. manufacturing capabilities. “The acquisition of PDN expands our assortment in an important and fast-growing category,” said MOTIS CEO Rich Spratt. “Our goal remains to assemble the broadest and deepest collection of premium brands for loading, hauling, storage and productivity needs, and Pier of d’Nort is an ideal fit. We’re thrilled to add PDN to the MOTIS family.” About MOTIS Brands Headquartered in Germantown, WI, MOTIS Brands proudly designs, develops, and distributes a collection of industry leading loading, hauling, automotive and accessibility brands including Race Ramps®, Silver Spring Mobility®, Heavy Duty Ramps™, Black Widow®, Guardian Industrial Products™, Kill Shot®, Tilt-a-Rack®, Harbor-Mate®, Lucky Dog™, Big Boy®, and Mac’s Custom Tie-Downs. For more information, visit www.motisbrands.com. About Rotunda Capital Partners Rotunda Capital Partners is a private equity firm that invests equity capital in established, lower middle market companies. Rotunda partners with management to build data-driven growth platforms within its targeted sectors, including value-added distribution, asset light logistics and industrial/business services. Founded in 2009, the firm has a long history of helping management teams achieve their goals for growth. The Rotunda team actively provides guidance and draws on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. The firm has offices in Bethesda, MD and Evanston, IL. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://motisbrands.com/

November 04, 2021 07:34 AM Eastern Daylight Time

Hyundai Construction Equipment launches the next-generation 2.5-ton electric forklift (B-X)

Hyundai Construction Equipment

Launching the next-generation 2.5-ton electric forklift with the first application of lithium iron phosphate battery Carrying out a customer-centered marketing campaign targeting the logistics industry for industrial vehicles Hyundai Construction Equipment (CEO Choi Chul-gon) is launching the B-X Series, the next-generation electric forklift. Hyundai Construction Equipment will actively target the eco-friendly logistics market with B-X, the next-generation high-performance electric forklift, on November 3 (Wednesday). The 2.5-ton electric forklift is the most widely used product in indoor workplaces and is expected to be the core product, along with the company’s first medium-sized hydrogen forklift developed in Korea, to lead the eco-friendly logistics industry. Hyundai Construction Equipment is determined to redefine standards for small electric forklift markets—where cost-effectiveness is important—by applying lithium iron phosphate (LFP) batteries for the first time in the B-X series. As LFP batteries require shorter charging time and generate higher output power than lead-acid batteries, which have been mainly applied to conventional electric forklifts, they are suitable for the logistics industry with long operating hours and high volume of goods. For this series, Hyundai Construction Equipment has maximized drivers’ convenience. It optimized the driver's seat design and air-conditioning and heating functions from an ergonomic aspect to ensure an internal structure that can support long-term operations. Moreover, it allows battery withdrawal on the side, thereby increasing the maintenance convenience. Conventional electric forklifts needed cranes when taking out a battery, but the B-X Series allows withdrawing it on the side more easily and safely using hand pallets or forklifts. Starting with the online launch on November 3, Hyundai Construction Equipment plans to utilize online and offline marketing actively to promote the B-X series to customers. The online launch will introduce the product and hold an event where customers can directly participate. Hyundai Construction Equipment began the test-drive operation of the next-generation electric forklift B-X series in October as part of its offline launch. The company plans to implement the test-drive program for one year. Moreover, it seeks to communicate actively with customers through its official YouTube channel, Hyundai Industrial Vehicle TV, by producing a variety of contents such as the ceremony of delivering the first vehicle to the customer using new models and launching a separate SNS platform for the industrial vehicle sector by year-end. “We have launched the B-X Series with eco-friendliness, work efficiency, and user-friendly features. We will take the lead in positive changes in the logistics market with differentiated product power and marketing strategies,” an official from Hyundai Construction Equipment said. For inquiries, please contact the HCE PR Team 031) 8006- 6149/ 6150 Contact Details Jun Kim +82 31-210-9407 hyujun.kim@hyundai-ce.com

November 03, 2021 05:01 PM Eastern Daylight Time

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