News Hub | News Direct

Retail

Bridal Cosmetics E-Commerce Luxury Office Products Supply Chain Management
Article thumbnail News Release

Minuteman Press Franchise in Lutz, FL Focuses on Relationships and High-Demand Products to Spark Record Monthly Sales During COVID-19 Pandemic

Minuteman Press International Inc

Ed Casagrande and his family moved to the US from Brazil in 2017 to pursue the American Dream of owning a business. He has not let the COVID-19 pandemic slow him down and Ed shares his insights on growing his Minuteman Press franchise in Lutz, FL. For four years, Minuteman Press franchise owner Ed Casagrande has been building relationships and helping local businesses with their printing and marketing needs. During the COVID-19 pandemic, Minuteman Press in Lutz, FL was designated as an essential business. Ed and his team have continued to reach out to their clients and community with one simple yet powerful message: “We are all in this together.” The results of Ed’s genuine outreach efforts are a satisfied client base and increased sales. He says, “We are posting record monthly sales in March 2021, and I am thankful for that. Our sales for the month are more than the annual revenue of the previous owner of the business in 2016. To do this during the pandemic makes me even more excited for the future as we continue to work hard on behalf of our community and our customers.” Supporting Local Businesses Ed elaborates, “Since the beginning, we have focused on developing strong relationships with many businesses and organizations within our local community. The pandemic has, in many ways, brought us closer together with our customers. There has been an overwhelming sense that we are all in this together, and by helping to support each other through the struggle, we have been able to keep growing.” Just by reaching out to local businesses, Ed has found a renewed sense of camaraderie with his fellow business owners. “The response from the community has been overwhelmingly positive. If there has been one thing that has been highlighted during this difficult time, it would be the resilience of the community. Many of our customers print with us on a regular basis, and we have gotten the opportunity to know them and their businesses. When they come into our shop, they share their stories of struggle and success, and we are there to support them through all of it.” He adds, “We know the challenges of trying to grow a business even without the added stress of a worldwide pandemic, and we want to offer solutions that can help businesses take that growth to another level. With that in mind, we take the approach of thinking like the general consumer, and finding print solutions that will help reach the desired audience.” Print Is Essential The best businesses are the ones who quickly identify the needs of their clients and do everything they can to meet those demands. That is exactly what Minuteman Press has done over the past year. Ed recalls, “Early on during the pandemic, we identified the businesses that most needed our services and made the effort to help with their printing needs. The food industry saw a massive increase in demand so we targeted that market – printing labels for food distributors, to-go menus for restaurants, and yard signs and banners promoting social distancing. The need for marketing materials promoting social distancing applied to other industries as well, and we were able to meet those needs with signs, banners, window clings, and floor stickers.” Another challenge for local businesses came in the form of adapting their marketing methods. With trade shows and other events cancelled or postponed, businesses turned to Minuteman Press for help in adapting and diversifying their marketing strategies. Ed explains, “We focused our efforts on areas of the business with the widest margin of return. We had to get creative in finding ways to best serve the needs of our customers, many of whom have also had to completely transform their approach to marketing in a world without trade shows and other traditional marketing methods. This has allowed us the opportunity to continue to grow, despite the challenges facing our local economy. At the core of this growth is the relationships we have built with our customers. The importance of developing strong relationships with local businesses and taking care to provide a quality customer experience with every interaction cannot be stressed enough. It is the key to our success.” By strengthening those relationships, Ed is now poised to help his clients with the anticipated local economic recovery. “We have already begun to see an increase in sales which indicates that the local economy is starting to fire back up. We have taken great care to listen to the needs of our customers and provide options for them that will best help them recover from the pandemic. We have also begun the process of restructuring our team to identify and capitalize on the strengths of each individual team member. We are investing in new equipment so that we can increase our production and profit margins, offer better and faster print solutions to our customers, and stay competitive in the marketplace.” He continues, “We are in the process of expanding to a new larger location which will allow us to grow even more. We have also implemented a marketing outreach project to touch base with customers who haven’t been printing as much since the pandemic started, in an effort to see if we can be of any help to them. This effort has translated into an increase of sales and is helping us get back on track to our pre-pandemic rate of growth.” “For years, the printing industry has been the backbone of marketing for organizations across the world. As technology has advanced and as the world has moved online, the ways that businesses and organizations have been able to reach out and market to their customers has evolved. But the foundation of marketing has always been in print media. In many ways, the pandemic brought things back-to-the-basics for many of our customers. We have seen many of our customers go back to the tried-and-true methods of marketing, including postcard printing for direct mail and EDDM mailing campaigns, flyer/brochure printing, and yard and car sign/banner printing. From what we have seen, the market trends indicate that the printing industry will continue to thrive and we are looking forward to continuing our growth as the economy recovers from the pandemic.” -Ed Casagrande, owner, Minuteman Press franchise, Lutz, FL From Being Laid Off in Brazil to US Business Ownership in Lutz, FL One of the reasons Ed has been able to adapt and grow his business during this unprecedented time is because of his ability to adapt and refocus. In fact, he has pivoted before. “I was born in Brazil and my professional background is in Engineering. Before moving to the US, I was involved in a large organization and was responsible for the entire South American region, with a team of 3,000 employees under my supervision. In 2015, the economy in Brazil went through a dramatic downturn, and I was laid off. My wife and I made the decision to move to the United States with our two children, and we began looking to purchase a business.” Ed continues, “At first, we looked at many options – from gas stations to dry cleaners and everything in between. I found an opportunity to purchase an existing franchise of Minuteman Press, and although I had no previous experience in the printing industry, I was drawn to the Business-to-Business concept that Minuteman Press offered. I am passionate about business and through my experience, I have a deep understanding of the inner workings of growing a business. Minuteman Press allowed me to turn that passion into an opportunity to help other businesses grow through various marketing concepts that we are able to help them achieve, which in turn has helped me grow my own business as well.” Ed credits the ongoing support of Minuteman Press both before and during the pandemic for helping him build his business. He says, “Minuteman Press International has always been a huge support to us, and they took great care to help provide the support we needed during the pandemic. We are so appreciative of the efforts they have made to ensure that the safety of our employees and customers is a top priority, and for providing us with the resources necessary to remain successful despite the challenges facing us.” “Ed Casagrande has done a tremendous job putting in the work to build his Minuteman Press franchise in Lutz. I am proud of the way he has reached out to others, promoted his relevant products and services, and provided an uplifting message as well as a positive customer experience for his clients at this critical time. I look forward to supporting Ed as he continues to build his business.” -Larry Trimble, Minuteman Press International Regional Vice President, Florida Rewards & Advice for Others As a business owner, Ed sees many rewards to being his own boss. He says, “The biggest benefit to owning my own business is that there is virtually no limit to the amount of success that I can achieve, except if I limit myself. When I worked for someone else, there was always a limit to the compensation I received or to the growth that I was able to experience, regardless of the effort I put into it. Owning my own business removes that glass ceiling and allows me to pursue limitless success.” When asked what advice he would give to other local business owners right now, Ed answers, “The best advice that I can give other local businesses is that networking and customer care is vital to the success of a business. A large part of the effort that I have made since becoming a franchise owner of Minuteman Press is through networking with other small business owners in the local community. Through these efforts, I have developed some incredible working relationships with members of the community and I have learned so much along the way.” Ed concludes, “We have all heard it said that there is strength in numbers. The pandemic has demonstrated this to be true, because we have all relied on each other to get through it.” For more information on Ed Casagrande’s Minuteman Press franchise in Lutz, FL, visit https://www.lutz-fl.minutemanpress.com. Learn more about #1 rated Minuteman Press franchise opportunities at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

March 29, 2021 10:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

NextFerm Technologies Reports Fourth Quarter and Full Year 2020 Audited Financial Results

NextFerm Technologies Ltd.

For the first time, Company recorded initial net revenues of $95 thousand in H2 2020, and expects significant net revenue growth in the upcoming quarters, with consistent improvement in gross profit starting H2 2021 Expects to begin mass production phase of ProteVin™, its proprietary vegan protein while generating initial demand from leading food and dietary supplement producers by the end of 2021 In January 2021 the Company consummated its IPO on TASE and raised ~ ILS 35.2 million NextFerm Technologies Ltd. (TASE:NXFR), a Food-tech company that develops, produces and markets nutritional ingredients and yeast-based, vegan, non-GMO protein alternatives for a wide range of uses for the growing protein substitute market, food market and food supplement market, reported financial results for the fourth quarter and full year ended December 31, 2020. 2020 Highlights and 2021 Targets: Astaferm™- In Q3 2020 the Company recorded first revenues after launching Astaferm™, a potent, yeast-based and non-GMO antioxidant, in the US dietary supplement market by Purity Products, an established US dietary supplement brand, on its website, on Amazon and in physical stores. In February 2021, Carlson Labs, a US veteran dietary supplement producer, has launched Astaferm™-based dietary supplement on its website and in stores. The Company expects additional launches of Astaferm™ throughout 2021 with leading US dietary supplement companies. ProteVin™ - A vegan protein developed by the Company, with nutritional value similar to animal protein and a neutral flavor, suitable for use as a quality source of protein in various markets: The sports nutrition market, the meat-replacements market, the milk market, infant and adult nutrition markets and more. The Company expects commercialization of the product in the US during 2022. Its main targets for 2021 include: (1) Completing industrial scale-up phase, including engagement with sub-contractors for mass production infrastructure; (2) Creating initial market demand with first purchase order or agreement by the end of 2021. “We ended an exciting year in which we became a public company, recorded first sales of our Astaferm™ antioxidant in the US and completed the development of ProteVin™, our flagship product, a first-of-a-kind, yeast-based vegan protein with similar nutritional value to animal proteins with a neutral flavor." said Boaz Noy, Chief Executive Officer of NextFerm. "The fact that we achieved sales of almost USD 100,000 within a short period of time proves the need, interest and trust in Astaferm™ from leading dietary supplement players and consumers in the US. Astaferm’s uniqueness has been recognized thanks to its concentration of active ingredients, flavor and friendly gummy form. Astaferm™ enjoys respectable demand and in 2021 we expect to launch it with additional customers, which will reflect in the Company’s performance, consistent quarterly growth and improved gross profit." "As for ProteVin™, during 2021 we expect to commence commercial manufacturing scale-up, engagement with a manufacturing subcontractor and turning the growing interest of the alternative protein market into first ProteVin™ customer purchase order or contract by the end of 2021.” Fourth Quarter and Full Year 2020 Financial Highlights Net Revenues increased 150% to $68 thousand, compared to the third quarter of 2020. These revenues derive from the first sales of Astaferm™ starting September 2020. 2020 Annual net revenues amounted $95 thousand. Under its strategic plan, during 2021, beside Purity Products and Carlson, the Company intends to have additional launches in cooperation with other US dietary supplement players. The Company expects consistent quarterly growth in 2021, and an improvement in Astaferm’s profitability by improving and streamlining production processes. Gross profit increased 116% to $13 thousand compared to the third quarter of 2020. While gross margin decreased 300 basis points to 19% from 22% in the fourth quarter of 2020. 2020 Annual Gross profit amounted $19 thousand (gross margin of 20%). The Company expects improvement of gross profitability, based on technological improvements, during H2 2021. Research and development expenses increased 42% to $653 thousand compared to the third quarter of 2020. Research and development annual expenses for 2020 decreased 27% to $2.2 million compared to the twelve months period ended December 31, 2019. The decrease is mainly due to a decrease in salaries and related expenses implemented in response to the COVID-19 crisis during 2020. Sales and marketing expenses increased 68% to $101 thousand compared to the third quarter of 2020. Sales and marketing annual expenses for 2020 increased 3.6% to $313 thousand compared to the twelve months period ended December 31, 2019. General and administrative expenses increased 43.5% to $178 thousand compared to the third quarter of 2020. General and administrative annual expenses for 2020 decreased 8.6% to $581 thousand compared to the twelve months period ended December 31, 2019. The decrease is mainly due to decrease in salaries and related expenses implemented in response to the COVID-19 crisis during 2020. Operating loss increased 44% to $919 thousand compared to the third quarter of 2020. 2020 Annual Operating loss decreased 20.5% to $3.1 million compared to the twelve months period ended December 31, 2019. Net loss increased 46% to $1.3 million compared to the third quarter of 2020. 2020 Annual Net loss decreased 26% to $3.4 million compared to the twelve months period ended December 31, 2019. Net cash used in operating activities for 2020 increased 275% to $3 million compared to the twelve months period ended December 31, 2019. The increase is mainly due cash inflow of $2.75 million received under the agreement with Lallemand, a giant multi-national corporation operating in the yeast industry, and recognized in the cash flow from operating activities in 2019. Cash and cash equivalents as of December 31, 2020 amounted $716 thousand, compared to $2.0 million as of December 31, 2019. In January 2021 the Company consummated an IPO of shares and warrants on the Tel-Aviv Stock Exchange with gross proceeds of ILS 30.5 million. In parallel, the Company raised additional gross proceeds of ILS 4.7 million from existing shareholders under identical terms and conditions to the IPO. In total, the Company raised gross proceeds of $11 million. About NextFerm Technologies NextFerm Technologies (TASE:NXFR) is a food-tech company engaged in the research, development, production and marketing of yeast-based innovative, functional, vegan and non-GMO nutritional technologies and ingredients for a wide-range of uses for the food market, the dietary supplement market and the growing market for non-animal protein alternatives. NextFerm is developing and marketing Astaferm™, an innovative antioxidant, and ProteVin™, a vegan protein with nutritional value similar to that of animal protein with a neutral flavor. For more information on the Company’s website: www.nextferm.com Forward-looking statement This announcement also includes forecasts, projections, assessments, estimates and other information which refer to future events and matters, the realization of which is uncertain and not exclusively under the Company’s control (forward-looking information). The main facts and data used to support this information are facts and data regarding the current position of the Company and its businesses (including the scope of sales and levels of profitability, manpower, commercial engagements and more), facts and data regarding the current global position of the Company’s operating segments (including industry-specific financial developments, environmental regulatory developments, the competitive environment, technological developments, the reinsurance market and more), and macro-economic facts and data (including the economic situation both in Israel and around the world, yields in the capital markets, social and state developments and more), all as known by the Company when publishing this announcement. The forward-looking information included above in this announcement is significantly based upon, in addition to the existing information held by the Company, on the Company’s current assessments and expectations of future developments vis-a-vis each one of the aforementioned parameters, and the interconnectedness of each one of these developments. The Company has no certainty that its forecasts and assessments will indeed eventuate, and the Company’s operating results may be materially different than the results assessed or implicit based on that set forth above, inter alia, as a result of a change in any of the aforementioned factors. Contact Details NextFerm Technologies Ltd. Meirav Bauer +972 54-476-4979 meirav@bauerg.com Company Website https://www.nextferm.com/

March 26, 2021 06:00 AM Eastern Daylight Time

Article thumbnail News Release

Agora Data Issues Lender Challenge To Compare Buy Here Pay Here Dealers’ Credit Lines

Agora

Agora Data, Inc. has issued a challenge to commercial lenders providing credit lines to Buy Here Pay Here (BHPH) dealers. The challenge consists of a checklist for BHPH dealers and smaller finance companies to compare their current line of credit to AgoraCapital. If a dealer can get its lender to match all the terms of AgoraCapital, Agora will offer its congratulations and send the dealer a check for $1,000. Dealers can find the Agora Lender Challenge details and checklist at www.agoralenderchallenge.com. Specifics for the Agora Lender Challenge include lowering current interest rates, eliminating monthly borrowing base true-ups, removing burdensome financial restrictions, and obtaining a wealth of services (free of charge) to help support and plan for growth. After taking the Agora Lender Challenge, dealers are encouraged to contact Agora Data and explore all financing options that best align with their business and personal goals. Dealers in good standing with their current lender are automatically eligible to refinance their line of credit with AgoraCapital at a reduced interest rate and receive a commitment to triple their borrowing capacity. New dealers wanting to accelerate their portfolio can get started with various robust and low-cost financing options. “Agora Data is changing the dynamic between dealers and lenders and issuing a challenge that gives dealers the power to identify the best financing options that support business goals and needs,” said Steve Burke, CEO of Agora Data. “The market has known for some time that financing innovation for BHPH dealers is long overdue, and with our AgoraCapital program, we have successfully removed the obstacles that previously hampered growth and profitability. Agora Data is addressing barriers by providing BHPH dealers access to capital markets to help fuel their growth.” Burke went on to encourage “dealers to stop working for your lenders and start working for yourself”. The Agora Lender Challenge follows Agora Data’s successful execution of the auto industry’s first-ever crowdsourced auto loan securitization on December 29, 2020. This groundbreaking development in the world of structured finance provides BHPH auto dealers and small to mid-sized finance companies access to affordable capital markets funding. In addition, Agora Data recently announced its latest product offering – AgoraCredit. AgoraCredit is designed to transition dealers from their current senior lender into interim credit lines that work in harmony with the AgoraCapital securitization program. AgoraCredit was created with the specific goal of not locking dealers into expensive and risky lines of credit but instead initiating the freedom of providing a smooth glide path into the world of crowdsourced securitizations. In addition to access to AgoraCredit and AgoraCapital, Agora Data members connected to the platform receive free of charge additional insights and analytics to better understand their portfolio's performance enabling dealers to make more informed business decisions as well as numerous other tools and services to help ensure success. About Agora Data, Inc: Agora is re-inventing auto finance for Buy Here Pay Here dealers and finance companies with a crowdsourcing platform that bridges access to the capital market. Easy to use and analytically robust business tools empower the untapped and diverse portfolios of the BHPH auto market, connecting dealers, sub-prime finance companies, and capital market lenders with results-driven resources to enhance financial growth. Founded in 2017 by a best-in-class team of top professionals in auto finance and leading data scientists, the company has successfully combined billions in historical loan performance data to develop its AI-Infused predictive loan technology and machine learning models. agoradata.com. For more information, please contact Agora at (877) 592-4672 or contactus@agoradata.com. Contact Details Shelly Vandeven +1 682-282-4130 media@agoradata.com Company Website https://agoradata.com/

March 25, 2021 11:00 AM Eastern Daylight Time

Article thumbnail News Release

NEST’s Founders Named Ambassadors of Philanthropic Division

NEST

NEST, the leading national integrated facilities management company, announced that the company’s founders Robert Almond, Sr. and Dee Almond will lead philanthropic efforts as Ambassadors of NEST Nurtures. NEST established NEST Nurtures last year with the goal of expanding on charitable endeavors that the company has conducted since they were founded in 1994. “My parents have always stressed the importance of philanthropy since they founded NEST over 25 years ago,” said Rob Almond, Jr, who was named CEO of NEST in 2015. “Despite the uncertainty in 2020, we were proud to continue that tradition throughout the pandemic on a national level. We look forward to spreading goodwill into the future with my parents in this important role.” Since last summer, more than 25 charities have benefited from over $100,000 in cash donations through NEST Nurtures. The recipients were selected by NEST’s retail partners as a way to support charities doing important work across the country. Beneficiaries of the initiative include Children’s Hospital of Philadelphia (selected by Five Below), Northeast Ohio Black Health Coalition (selected by JOANN), Ticket to Dream Foundation (selected by Mattress Firm) and The Doe Fund (selected by Steve Madden). Additionally, the National Multiple Sclerosis Society and Ronald McDonald House Charities have been longtime beneficiaries of NEST. At the end of 2020, three notable donations were also made by NEST Nurtures on behalf of the employees, who were able to achieve company goals in the fourth quarter. As a result of their work, Women Against Abuse in Philadelphia, the Domenica Foundation in New Jersey, and the Taste of Immokalee in Florida received added assistance from NEST. Since the pandemic hit the U.S. and Canada, NEST has played an important role to keep retailers’ doors open and maintain consumer confidence. From implementing new janitorial procedures to decreasing facility management expenses through an integrated approach, NEST is developing industry leading facility management strategies for more than 40 retail clients. NEST manages approximately 60,000 individual retail locations in North America. NEST is the pioneer of the Integrated Facilities Management (IFM) industry in the United States and Canada since 1994. NEST’s Integrated Facilities Management solution pairs financial acumen and business analytics with a strategic consultative approach. Real-time data, reporting and analytics technology empowers business leaders and facility management teams with the informed insights that enable them to make smarter decisions. To learn more about NEST, visit enterNEST.com or follow NEST on LinkedIn. Contact Details Eric PR & Marketing, LLC Eric Nemeth +1 602-502-2793 nemeth@ericpr.com Company Website https://www.enternest.com/

March 25, 2021 08:37 AM Eastern Daylight Time

Article thumbnail News Release

The New Faces of Farming

YourUpdateTV

Recent studies have revealed that there is a population-wide deficiency in fiber, with only five percent of people in the U.S. meeting the Institute of Medicine’s recommended daily targets. Last year, as a response to this and additional nutritional gaps in American diets, three sisters in North Dakota teamed up on their family farm with a simple mission: bringing better wheat from the fields to your pantry. With Three Farm Daughters, they have done just that. Recently, the sisters teamed up on a nationwide satellite media tour to discuss Three Farm Daughters, nutrition gaps in American diets, and some simple recipes for at-home cooking. A video accompanying this announcement is available at: https://youtu.be/78na7O6aF54 Three Farm Daughters features a new line of 100% Wheat Flour and Pasta products powered by GoodWheat, which is naturally nutrient-dense with attributes like high fiber, more protein, fewer calories and less gluten. The Three Farm Daughters Wheat Flour features the great taste, texture and performance of wheat, plus higher fiber (13g per serving, five times higher than traditional flour), lower total calories (30% fewer calories than traditional flour) and reduced gluten (50% less gluten than traditional flour). The Three Farm Daughters pastas include Fusilli, Fettuccine and Linguine and offers 11 grams of fiber per two-ounce serving (five times more fiber per serving than traditional pasta), plus each serving has nine grams of protein and only 150 calories. Three Farm Daughters pastas are non-GMO, kosher-certified and have a lower glycemic response compared to that of traditional pastas. Three Farm Daughters Pasta is also nearly impossible to overcook and always al dente, empowering home chefs to confidently serve their loved ones the foods they crave most. Three Farm Daughters products are available to purchase on Amazon, at www.threefarmdaughters.com and at select grocers and retailers in North Dakota and Minnesota. About Grace: Grace has only been one thing in her professional life: a boss. She started her first cosmetics business at the age of 19 and has made her own success by the care and expertise she delivered to her clients each day. Grace is an early adopter of better for you food products. Now, with her and husband, Jordan, recently welcoming their first child, she will use her knowledge of health and nutrition to fuel the next generation. About Mollie: As an attorney and a middle child, just try to faze Mollie. After she and her husband, Steve, recently welcomed their first child, she is now a mother as well. She conquers each and every day with speed and tenacity and shops for her food in the same fashion. She selects better for you brands that have the quality and convenience that fit her lifestyle. About Annie: As the eldest daughter, Annie is the trail blazer. Although she is the quietest of the three, her presence is strong. As a mother of three, it is because of her children that she and her husband, David, seek out better for you foods. You will find her in your way in the local grocery store aisle, reading the label on every item she buys. 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

March 24, 2021 10:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

Nofar Energy and Noy Fund extend traction in the Spanish market: acquired rights in solar projects with a total capacity of 235.5 MW in a €180 million deal

Nofar Energy Ltd.

This is the third investment of Noy-Nofar Europe and the first of the Noy Fund 4, which raised ILS 2.2 billion last week The Sabinar project near the Olmedilla Photovoltaic Park in which the venture invested last year offers potential annual revenues of € 22 million and annual EBITDA of € 18 million Less than two years after announcing their entry to the Italian market, Nofar Energy and Noy Fund extend their European operations significantly. Nofar and Noy today reported they have executed an agreement to buy 90% of the stock (shareholder loan) of a corporation that holds two solar projects in Spain with a total capacity of 235.5 megawatts. The project comprises two phases: the Sabinar 1, with an estimated capacity of 152.5 MW, and the Sabinar 2, with 83 MW. The two projects, whose construction will start shortly, are located near the Olmedilla Photovoltaic Park in Castilla de la Mancha in central Spain. The Olmedilla project, which is still under construction, will offer a capacity of 169MW, bringing the total capacity of the three projects to ~404MW. The investment will be effected via Andromeda Solutions, a company held by Noy Fund (60%) and Nofar Energy (40%) The deal, including the construction costs, will total € 180 million. The projected annual revenues are €22 million and the projected yearly EBITDA exceeds €18 million. The construction of the project’s first phase will start in Q3 2021, with the second phase starting one or two quarters later. Both phases were given the material permits, including the State’s environmental compliance, development, and construction permits. The power supply to the projects had been secured too. Nofar and Noy will fund the initial stages of the project with their resources. The funding strategy for the consequent stages will be determined based on the availability of funding sources in Spain and Israel, as well the existence of Power Purchase Agreements (PPAs) and their viability given the projected evolution of Spain’s energy market in the coming years. This is the third deal entered by Noy and Nofar’s joint venture, positioning it as a strategic player in Spain’s renewable market. Noy will invest in the project through its Noy 3 and Noy 4 funds, which recently raised ILS 2.2 billion from Israel's prominent institutional investors, including Altshuler Shacham, Clal, Phoenix, Migdal, Amitim, Psagot, Metav Dash, Jewish Colonia Trust (JCT), and more. Pini Cohen, Ran Shelach, and Gil-Ad Boshwitz, directors at Noy Fund, commented, “this is a strategic follow-up investment of Nofar Energy Europe, which fits well into the fund’s goals. It results from the close collaboration between Noy Fund and Nofar. The investment reinforces the fund’s initiating, development and management capabilities of solar operations in Europe at a scale of 1GW, as well as our positioning as a dominant player in the Spanish market. Given the number of inquiries and propositions the fund received recently, we look forward to meeting the fund’s goals already in the current year.” Nadav Tene, CEO of Nofar Energy, said, “The current deal aligns with Nofar Energy’s strategic plan to extend its global operations significantly still in 2021. The combination of the project’s characteristics, advanced stages, and proximity to the Olmedilla project creates an attractive opportunity. Increasing the capacity of Nofar Energy’s Spanish projects to 400MW in 2021 represents a major leap forward in our global presence. We remain focused on identifying and developing additional operations and projects in additional markets. Contact Details Dikla Ivry Pardnoy +972 52-380-4085 dikla@ivripr.com Company Website https://www.nofar-energy.com/

March 24, 2021 08:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Chia Launches Eco-Friendly Blockchain & New Digital Currency

Chia Network

Highlights Chia Reinvents Digital Money with Energy Efficient At-Home Farming Rewards Chia Blockchain Full Node Count approximates 2,000 in the last 24 hours and exceeds 12,500 since Launch Chia Network Inc. (“Chia”) today introduced its revolutionary eco-friendly blockchain, its new digital currency known as “chia,” as well as a new breakthrough smart transaction on-chain programming language called “Chialisp”. Chia’s blockchain is a global open-source decentralized network that operates a payment settlement system using chia, its native cryptocurrency. The Company expects its blockchain will be used in a range of transactions, including cross border payments, issuing financial assets, and stable coin issuance. Chia intends to sell software service and support for its open source blockchain and smart transaction software to governments, financial institutions, corporations, and large buyers and sellers of storage. “We are very excited to launch Chia’s new blockchain and smart transaction platform which is easier to use, more energy efficient, and more secure than existing digital money alternatives. Improving upon Proof of Work’s shortcomings around centralization, electricity consumption and poor programmability, Chia’s blockchain has the potential to become the core of a new monetary architecture,” said Bram Cohen, Chia’s CEO. As of March 2021, Chia’s blockchain has approximately 2,000 full nodes in the last 24 hours and 12,500 full nodes since launch as compared to Ethereum with 6,800 full nodes. According to Bram Cohen, a robust amount of independently-operated nodes is considered essential to the success of Chia, as its fundamental value relies upon its ability to remain decentralized. Farming will allow even the smallest farmer running a node a chance to win rewards for validating the network. Running a node is also a more secure way to self-custody chia. "Bram Cohen is one of the greatest living protocol designers (BitTorrent), right up there with Satoshi and Vitalik” -- Naval Ravikant Chia is the answer to Bitcoin’s climate problem Banks and currencies are susceptible to routine shocks from governmental mismanagement, global financial crises, and generally run on antiquated technologies. Bitcoin was launched during one of these banking crises to try to address these ongoing issues. But Bitcoin now expends approximately 64 terawatt-hours per year, a level of energy consumption comparable to the nation of Switzerland. This level of energy usage is controversial and could get worse as bitcoin adoption and energy prices increase. Further, Bitcoin script is very limited, slow to develop, and has generally required significant changes in the Bitcoin protocol that can take years to be deployed. These delays and limitations have hampered building custody and controls into the Bitcoin blockchain. Ethereum shares Bitcoin’s reliance on “wasteful” mining and has additional problems. Almost every deployed Solidity smart contract that has attracted large balances has in some way been compromised. The Solidity scripting language makes it easier to write software than to secure it. Ethereum has mostly become known for the fundraising mechanism known as an “ICO”, where the fundraiser creates new tokens on the Ethereum network to sell for bitcoin and ether - many of which have uncertain regulatory compliance. Environmentally green chia (XCH) aims to save the planet Chia ’s blockchain offers functional and environmental advantages to Bitcoin, Ethereum and Ripple’s existing platforms. The Chia blockchain is more open and accessible than existing financial institutions, more efficient and less wasteful than the Bitcoin and Ethereum blockchain, and better designed for secure smart financial transactions than the Ethereum blockchain while being more decentralized than Bitcoin, Ethereum, or Ripple. Chia’s blockchain replaces “Proof of Work” which is the consensus method that Bitcoin and Ethereum use, with the first of its kind “Proof of Space and Time” which uses significantly less energy and leads to a more decentralized and more secure blockchain. Proofs of Space harnesses unused disk space, rewarding owners of empty space for “ farming ” and Proofs of Time add security and time predictability to the network. As Bitcoin uses Bitcoin Script and Ethereum uses Solidity for programming transactions, Chia’s blockchain uses Chialisp. Chialisp, is a newly developed blockchain programming language and on-chain smart transaction development environment that will unleash the security, transparency, and ease of use that cryptocurrencies promise. Applications running on Chia’s blockchain are intended to have functionality appropriate for banking. The primary focus for the initial launch will be on core functionality such as financial controls, payments clearing and settlement, and managing the issuance of various assets. One of the primary use cases for chia is in international payments - especially in regions whose governments or financial systems are particularly volatile. The Company expects that the Chia blockchain and Chialisp will facilitate a range of transactions, including facilitating cross border payments, issuing financial assets, and stable coin issuance with best in class custody and controls. Chia - the easiest digital money to farm - is “the people’s choice” Compared to the existing modern finance platforms, chia is the easiest digital money to farm. In contrast to the technically proficient skills required to join a miner community, all people can “farm” chia at home for a fraction of the cost. Learn more about chia farming and the chia farmer reward schedule in Chia’s business Whitepaper. Earn your chia (XCH) rewards today It is straightforward to install the Chia blockchain for Windows, MacOS, and many other platforms as well. Download the Chia blockchain and earn your chia (XCH) rewards now. To learn more about Chia’s blockchain, please watch the Company’s mainnet launch video. Exchange trading - stay tuned Please expect an initial six week period where transactions will be frozen and farmers will only be receiving farming rewards. The Chia blockchain will soft fork in final transaction capabilities during this period in a 1.1 release. The soft fork will be a required upgrade before the six-week period ends. Read all about it in Chia's release notes. About Chia Network Chia Network Inc. was founded by Bram Cohen, the inventor of the BitTorrent protocol. Chia is a state-of-the-art open-source decentralized blockchain, digital currency, and smart transaction platform. Using the first new secure Nakamoto consensus algorithm invented since Bitcoin, Chia aims to operate an eco-friendly, more secure and user-friendly payment system for cross border payments, issuing financial assets, lending, escrow payments, institutional custody, and distributed identity. Chia’s “Proof of Space and Proof of Time”-based blockchain reduces waste in “Proof of Work”-based blockchains. Built to run Chialisp, the company’s newly developed on-chain smart transaction programming language, Chia’s blockchain allows its users to build and execute smart contracts and enable peer-to-peer applications. Chia believes that “digital money” should be easier to use than cash, harder to lose, and nearly impossible to steal. The Company is funded by leading venture capitalists including Slow Ventures, a16z, Naval Ravikant, Galaxy Digital, Greylock, True Ventures, MetaStable, Stillmark, DCM, and others. The Company’s Advisors include Dr. Dan Boneh, Research Partner at a16z and Applied Cryptography Professor at Stanford University; and Dr. Krzysztof Pietrzak, Cryptography Professor of IST Austria; and Ms. Katie Haun, General Partner at Andreessen Horowitz. Investor Relations Contact: Gretchen Lium. For more information, visit https://chia.net and connect with us on Twitter (@chia_project), Facebook, GitHub and LinkedIn. Contact Details Gretchen Lium +1 303-638-9185 gretchen@chia.net Company Website https://www.chia.net/

March 24, 2021 06:05 AM Eastern Daylight Time

Article thumbnail News Release

DoubleTree by Hilton Tucson Downtown Convention Center to Open for Business

Caliber Co.

CaliberCos Inc., a fully integrated real estate company, in conjunction with Ryan Companies US, Inc.,announced today the completion of the first and only hotel connected to the Tucson Convention Center. DoubleTree by Hilton Tucson Downtown began taking reservations March 7 and doors will open to guests beginning March 23, 2021. The opening of this hotel supports the City of Tucson’s downtown re-visioning plan and will help accommodate the growing demand to accommodate visitors from around the world. Commenting on the opening, Chris Loeffler, CEO and Co-Founder of Caliber stated, “This is a major development that was part one of our Opportunity Zones. As one of the top Opportunity Zone sponsors in the country, we are happy with the quality of this project, especially in the current environment. These funds are structured to attract attracts high net worth investors while simultaneously invigorating targeted neighborhoods.” Mr. Loeffler continued, “There was a great amount of effort that went into this project from start to finish – we all collaborated and made it happen.” Construction of the new Convention Center hotel in the Rio Nuevo District created significant economic benefits and the impact is anticipated to extend far into the years ahead. The project provided approximately 130 construction jobs and 80 indirect construction jobs. The hotel and its lobby bar and restaurant will directly support about 100 jobs and 34 indirect jobs at other local businesses. Overall, the hotel is projected to generate an average annual economic impact of $12.1M or a total of $302.4 M over the next 25 years. “At Ryan Companies, we strive to create places for people to thrive,” said Chuck Carefoot, Ryan Companies senior vice president of construction. “We’re honored to take part in the revitalization of downtown Tucson and the opening of this hotel marks an exciting milestone for the city.” The 104,316 square-foot hotel includes 170 rooms, four suites and one executive suite, and will feature several amenities including a second-story pool & bar, onsite restaurant - El Mezquite Grill & Taqueria, coffee bar and 4,000 square feet of meeting space. The project broke ground in May 2019 and was the first Opportunity Zone project in Arizona for Caliber and Ryan Companies. Rio Nuevo is a Tax Increment Finance District (TIF) that was approved in 1999 to invest in projects that expand the city tax base and bring people and businesses to downtown Tucson. The funding for the district is generated from a share of state sales tax dollars, with hopes of being an engine for the future success of Tucson’s economy. For more information about DoubleTree by Hilton Tucson Downtown Convention Center, visit the DoubleTree by Hilton Tucson Downtown Convention Center website. About Caliber – The Wealth Development Company Caliber is a market leader in providing individual accredited investors and registered investment advisors with well-structured alternatives to traditional investments. The Company builds wealth by forming and managing real estate private equity investments, either through individual assets or multi-asset funds. The Company offers an approachable, full-service investment experience managing over $440M in fair value assets under management and an estimated $550M in assets under development in commercial, residential, multi-family, self-storage and hospitality real estate in AZ, CO, NV, UT and AK. Caliber’s vertical integration of support services delivers a unique and efficient 360º approach to investing in real estate. The Company is headquartered in Scottsdale, AZ with business operations focused throughout the greater Southwest region. Visit www.CaliberCo.com for more information. About Ryan Companies US, Inc. Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, capital investment consultant, builder and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. Ryan market depth includes retail, industrial, healthcare and senior living. Ryan development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality, multifamily housing and mission critical facilities. Ryan has nearly 1,500 employees in 15 offices and has completed projects in 39 states. For more information, visit ryancompanies.com. Contact Details Caliber Victoria Rotondo +1 480-295-7600 victoria.rotondo@caliberco.com IRRealized, LLC Mary Jensen 310-526-1707 mary@irrealized.com Company Website https://www.caliberco.com/

March 23, 2021 10:35 AM Pacific Daylight Time

Article thumbnail Digital Asset Direct

How The Need For Life Insurance Affects Your Family Financial Planning by Jennifer Lang Financial Services.

Jennifer Lang Financial Services, LLC

Contact Details Jennifer Lang +1 877-487-8926 mail@jenniferlangfinancialservices.com Company Website https://www.jenniferlangfinancialservices.com

March 23, 2021 10:05 AM Eastern Daylight Time

Video
1 ... 233234235236237 ... 246