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RV Sales of Broward, Owner Gigi Stetler To Appeal Catastrophic Fire Case Against 595 Annex

RV Sales of Broward

RV Sales of Broward, one of the leading recreational vehicle sellers in Florida, operating under the trade name Planet RV, is continuing a legal battle of paramount importance to win again at the appellate level. While the jury in the original case awarded $2,637,000 to RV Sales of Broward after hearing all the evidence, the judge nullified the jury’s award, reducing it to $557,000. The judgment came after a jury had ruled in favor of the RV company in its case against the landlord, 595 Annex, LLC, following a devastating fire that razed Planet RV in March 2021. Stetler will ask the appeals court to reverse the judge’s decision that stripped away her multi-million-dollar damage award, decided by a Broward County jury after a two-week trial. The plaintiffs had initiated legal proceedings against their landlord, 595 Annex, LLC, to seek damages and remedies for the tragic incident. The company previously occupied a commercial property at 3030 Burris Rd, Davie, Florida, owned by the same landlord who also operates the 595 Truck Stop in Davie, Florida. In 2018, RV Sales of Broward raised concerns about faulty wiring that had caused damage to numerous RVs and equipment over several years. The landlord dismissed the concerns. Unfortunately, on March 22, 2021, a catastrophic five-alarm fire erupted, resulting in a complete loss of Stetler's building, business, and its contents. Stetler, who believed she was protected by her lease, expected insurance proceeds to be used for rebuilding or restoring the property in the event of such a casualty. However, this did not happen. It was later discovered that the landlord had received insurance proceeds exceeding $1,000,000 for rebuilding and also received lost rent revenue totaling $210,000. Surprisingly, the landlord sued Stetler for rent and eviction. In response, Stetler filed a seven-count complaint in the summer of 2021. After 27 months, only three counts remained, with one of them being a breach of contract negligence claim, which eventually went to a jury trial. Just before concluding the trial, there was a dispute regarding the verdict form. Stetler's counsel argued that the defendant's form was confusing and inconsistent, but the court favored the defendant's version. The jury, however, faced difficulties in understanding the form and sought clarification from the judge, who could only refer to the jury instructions. After extensive deliberations, the jury reached a verdict. They awarded Stetler's company $557,000 for breach of contract negligence due to the faulty wiring issue. Additionally, they granted $210,000 for unjust enrichment, as the landlord had charged rent while also collecting insurance. Furthermore, Stetler's company received $1,870,000 for constructive eviction because the landlord's failure to rebuild forced Stetler to relocate her company at a much higher rental rate. Following the jury's decision, the defendants raised concerns about the verdict's inconsistency. In response to these concerns, the judge ordered all parties to return the next morning. After hearing arguments from both sides, the judge retained only the breach of contract claim. The judge told Stetler that she had her day in court and she would be left with the breach of contract claim for $557,000. All post-trial motions have been considered and denied, and appeals have been filed. However, Stetler finds herself in a legal limbo. Although she has a final judgment of $557,000 against the defendants, the judge has not determined the rent owed after set-offs and proper abatement. The judge has refused to rule on this matter until the appeal process is complete, even though it technically should not occur until a proper final judgment is in place. RV Sales of Broward and Stetler remain committed to protecting their rights as they believe it was clear after a long, drawn-out trial that the jury had intended to award Stetler and her company fair compensation for the losses that were suffered. Stetler is grappling with the challenge of rebuilding her company amid escalating legal expenses and an uncertain timeline to resolve this ordeal. Compounding her difficulties, 595 Annex currently holds all the funds and has transformed Stetler's previously thriving RV dealership into an extension of their truck stop. More information about RV Sales of Broward is available at Download a copy of the legal filings here and at Contact Details Tom Alexander +1 954-801-0586

October 23, 2023 08:44 AM Eastern Daylight Time

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Siegel Egg Co. names Ted Lentz to Board of Directors

Siegel Egg Co.

Siegel Egg Co. (“Siegel” or “the Company”), a Rotunda Capital Partners portfolio company, has named Ted Lentz to the Board of Directors. Lentz comes to Siegel with decades of experience in the bakery ingredients and supplies industry. As president, Lentz ran Lentz Milling for over 13 years, until its sale to JM Swank. Lentz Milling, based in Reading, Pennsylvania, provides food ingredient distribution services to food manufacturers, commercial bakeries, retail bakeries, and other customers throughout 10 states in the Mid-Atlantic and Northeast regions. After the sale, Lentz continued as chief financial officer at JM Swank until its sale to Brenntag in 2021. Under Brenntag’s ownership, Lentz continued as chief analytics officer and was a member of the integration management office until leaving the position at the end of 2021. Matt Whitney, chief executive officer at Siegel, said, "I am thrilled to welcome Ted to our board. Ted’s intimate knowledge of the bakery ingredients space will be invaluable to our management team as we continue to provide the highest quality products and exceptional service to our customers. Siegel is in growth-mode, and we’re undertaking several strategic initiatives to further expand our offerings and enhance service levels. Ted’s experience will be instrumental as we execute our growth plan.” Lentz added, "Siegel’s reputation in the bakery ingredients space is as good as it gets. For almost 100 years, they have been the Northeast’s leading bakery ingredient supplier. The management team has invested heavily in technology and personnel to exceed customer expectations and I’m excited to be part of this next phase of growth." About Siegel Egg Co. Founded in 1924, Siegel is one of New England’s leading distributors of egg, dairy and bakery ingredients primarily serving commercial bakeries and food service institutions. The Company operates out of a single facility in Billerica, Mass., to distribute over 2,300 SKUs to customers in New England, Connecticut and New York. For more information, visit About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial, business and residential services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit Contact Details Siegel Egg Co. Mike Mistrot +1 978-528-2000 Company Website

October 20, 2023 09:26 AM Eastern Daylight Time

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GLOBAL ENGINEER GIRLS ACHIEVES MILESTONE IN KOSOVO TOWARDS GENDER EQUALITY IN STEM Prishtine, October 18, 2023 - Global Engineer Girls (GEG), the international philanthropic initiative aiming to improve women’s representation in Science, Technology, Engineering, and Mathematics (STEM), proudly announces the graduation of 20 young women from its flagship program in Kosovo. Implemented by Limak Group in partnership with the UNDP in Kosovo, GEG Kosovo empowers young women and girls enrolled in STEM education and provides them with opportunities to gain crucial experience in a male-dominated industry. The project aims to inspire the next generation of female engineers, and highlight the strides made towards gender equality in STEM education. The graduation ceremony marked the successful completion of a year-long journey of scholarships, training, mentorship, and internships, all provided by GEG Kosovo. The ceremony also highlighted the projects undertaken by the girls during their participation in the program, including digital communication, effective team management, personal brand-building, communication, and interpersonal skills. These projects serve as compelling evidence that extending opportunities to girls is a vital way to prepare them for successful futures in the STEM world. President of Kosovo, Vjosa Osmani, in her speech, mentioned, "We must ensure that all our bright minds have equal opportunities to pursue the education of their choice. We need these equal minds in order to address the critical issues of our time, such as climate change and AI. We cannot afford to exclude half of our population from the most pressing challenges of our era. It is imperative to collaborate and work together to achieve equality more swiftly. These young girls serve as clear examples of the potential within our youth. It is our duty to ensure that young women and girls feel empowered to pursue their dreams, regardless of the path they choose. They must harbour no fear or hesitation in stating, 'I want it, and I will make it.' Every girl holds a guaranteed place in our future. I encourage each girl to carry forward the legacy of GEG.” Chair of Limak Holding and Limak Foundation, Ebru Özdemir, said: “It's truly an important milestone for GEG and our vision at Limak. I’m thrilled to see the progress of the GEG Kosovo participants over the past year, and I am certain they all have a bright future ahead of them. Engineering isn’t a man’s world anymore, so it is our responsibility to continue to create opportunities for young women to succeed in STEM by supporting them in their studies and careers.” GEG Kosovo extends its gratitude to its supporters, mentors, parents, and volunteers, who have enabled the success of this program. Their collective efforts have empowered young girls to overcome challenges, build confidence, and unlock their full potential. Moving forward, GEG Kosovo remains committed to expanding and enhancing its programs to reach even more young girls, empowering them to break down barriers and become leaders in STEM fields. About Global Engineer Girls Global Engineer Girls (GEG) is an international philanthropic initiative that aims to inspire the next generation of female engineers. The inception of GEG was driven by Limak Group of Companies' culture and its Chairperson's, Ebru Özdemir's, deep personal commitment to improving women's representation in STEM. GEG provides girls and women with education, mentorship and career opportunities in Turkey, North Macedonia, Kosovo, Kuwait and beyond. GEG's predecessor, the Engineer Girls of Turkey (EGT), was launched in Turkey in 2015. Since its inception in 2015, the GEG university programme has benefited 710 young women by providing support for female students enrolled in chemical, civil, computer, electrical- electronic, environmental, industrial, and mechanical engineering departments in Turkish universities. This support has included funded scholarships and mentoring by hundreds of professional volunteers, as well as online training programs, soft skills and English language courses, internships, and employment opportunities at Limak's companies and partner companies. About Global Engineer Girls Kosovo Global Engineer Girls (GEG) Kosovo was established in 2022, in partnership with Limak Kosovo and United Nations Development Programme in Kosovo. GEG Kosovo currently operates in three public universities, covering bachelor and master's programs in engineering. UNIVERSITY OF PRISHTINA "HASAN PRISHTINA", UNIVERSITY OF APPLIED SCIENCES IN FERIZAJ, UNIVERSITY OF MITROVICA "ISA BOLETINI"œ Note to editors: High-resolution images from the graduation ceremony are available in the attachment. Contact Details Highgate Advisory Ltd. Iulia Trandafir +44 7516 787557

October 19, 2023 09:59 AM Central Daylight Time

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Minuteman Press Franchisees Chantal & Clifton Gideon Win Community Award, Receive Special Proclamation in Forest Park, GA

Minuteman Press International Inc

Chantal and Clifton Gideon are the owners of the Minuteman Press franchise in Forest Park, GA since June of 2021. Over the past two and a half years, Chantal and Clifton have built meaningful connections with their clients and business community. Minuteman Press in Forest Park is located at 1046 Main Street, Forest Park, GA 30297. As a result of their remarkable efforts, Chantal and Clifton were recognized earlier this year in August during National Black Business Month and awarded a Special Proclamation from the City of Forest Park. The Proclamation credits Chantal and Gideon with “serving the community with great distinction and pride” as well as “their strong grit and determination to go into business for themselves.” In addition, Chantal also completed the Leadership Clayton program offered by the Clayton Chamber of Commerce and was recognized as a member of the Class of 2023 for the program. Chantal shares her insights on networking and community involvement, building the business for over two years, and the support she’s received from Minuteman Press. What does this Special Proclamation award mean to you? What are some of the ways you are active in the community? Chantal Gideon: “To me this award serves as recognition of our involvement with the community of Forest Park and the positive relationships we’ve fostered together. It’s very important to be involved in the community as a business owner because more people know our brand, the products and services we offer as well as the quality of our work. Clifton and I are active members of our local Chamber of Commerce, we attend City Council meetings to keep abreast of community happenings as well as the rapid economic development occurring on the Main Street corridor of which our business is located. I also serve as an ambassador for our Chamber of Commerce where I attend ribbon-cuttings for new businesses and assist with welcoming new business members, etc. while offering print/marketing services to them.” What are your high-demand products and key growth areas? Chantal Gideon: “Our high-demand products and services includes business cards, books, EDDM, and flyers/brochures. We do a lot of paper printing for a wide variety of clients.” What marketing strategies have you found to be effective? Chantal Gideon: “Increasing our internet marketing spend has been very effective in keeping a constant flow of new customers/orders coming in. I am looking forward to further increasing our Minuteman Press internet marketing program spending by the end of this year due to how profitable this has been for us.” What was your background before franchising? What has the support been like for you? Chantal Gideon: “Before Clifton and I purchased our Minuteman Press franchise, I was a high school biology teacher and Clifton was an engineer at a local steel manufacturing company. Clay Trussell is our field rep and he is always super responsive with whatever we need. He’s always just a text, phone call or visit away whenever we need him. Tech support is always consistent and our RVP Dave Walton stays involved with our overall growth and long-term strategy.” Is there anything else you’d like to share? Chantal Gideon: “Networking within the community and building our brand awareness has been very rewarding. I anticipate continuing to cultivate these relationships!” Minuteman Press in Forest Park is located at 1046 Main Street, Forest Park, GA 30297. For more information, visit their website: Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 Company Website

October 19, 2023 10:00 AM Eastern Daylight Time

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Pyxis Tankers expecting strong product tanker demand through 2024

Pyxis Tankers Inc

Pyxis Tankers Inc (NASDAQ:PXS) chairman and CEO Valentios (Eddie) Valentis speaks to Thomas Warner from Proactive about how the tanker operator has been performing since his last Proactive appearance in April. Valentis gives an overview of the results from the six months to 30 June, highlighting revenues of approximately $17.8 million, adjusted EBITDA of $9.4 million, and fully diluted earnings per share of $0.94. The performance was driven by a high daily charter rate of over $24,000 and utilization at around 94%. The sale of their oldest tanker in March bolstered their cash position to over $34 million, with net funded debt at less than 19% of total capitalization at the end of the reporting period. He explains that Pyxis also made strides in asset diversification by entering a joint venture to acquire a 2016 UltraMax dry bulk vessel. This venture allows the company to explore new opportunities and maintain control with a 60% ownership stake. Valentis emphasises the company's commitment to the product tanker sector despite the foray into dry bulk, anticipating continued strength in demand due to low inventories of refined petroleum products and healthy crack spreads. He expects the sector to remain solid at least through 2024, although short-term volatility may persist due to factors like weather conditions and geopolitical developments. Despite Pyxis Tankers' strong performance, Valentis noted that the company's share price trades at a significant discount to its estimated net asset value, highlighting potential for share price improvement as strategic investments and vessel acquisitions gain traction. Contact Details Proactive United States +1 347-449-0879

October 19, 2023 04:39 AM Eastern Daylight Time

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Feal Suspension Race Team Captivates Formula DRIFT Fans: Bakchis Takes Second Overall in 2023 Season

Feal Suspension

Formula DRIFT veteran Aurimas “Odi” Bakchis continued to impress hundreds of thousands of fans and fellow competitors at the Formula DRIFT season finale at Irwindale Speedway on October 13-14. With multiple podiums, Bakchis entered the final round of the 2023 FD season positioned fifth overall in the championship. During the event, he worked his Feal Suspension / GT Radial Nissan S15 up the steeply banked track and into second place both at the event and in the overall championship standings in front of a sold-out crowd. While Bakchis’ driving earned the respect of the judges and put him on the podium, his car build also earned the respect of the fans, who voted Bakchis’ Feal Suspension / GT Radial Nissan S15 as the 2023 “Fan Favorite Car.” As runner up in the entire Formula DRIFT PRO championship, Bakchis placed an exclamation point over an impressive showing all season by the entire Feal Suspension Race Team. Bakchis himself is owner and operator of the Feal Suspension Race Team, which took on two new drivers this season. Hailing from Norway, Simen Olsen joined Bakchis in the PRO championship driving the Feal Suspension Nissan S14.9. Olsen finished the season fourth overall, having earned three podium finishes throughout the season and the title of “Most Improved Driver” following his 2022 performance. Bakchis also brought on Ben Hobson to drive the Pedal Commander / Feal Suspension Nissan S14 in the PROSPEC championship. Hobson won two of the four rounds, qualified first in three rounds, and earned the title of 2023 PROSPEC Champion with the biggest points lead in the championship’s history. Overall, the team brought home six PRO podium finishes, including one event win by Bakchis in St Louis, as well as three PROSPEC podiums including two wins. The team finished second and fourth overall in the Formula DRIFT PRO standings and took first in the PROSPEC championship. The Feal Suspension Race Team is the only team with all team members finishing in the Top 5 for the 2023 season. Previously, Bakchis had finished third overall in the Formula DRIFT championship in 2017, 2019 and 2021, so his second place finish was a personal best as he concluded his 13th season of Formula DRIFT competition. With ten event wins under his belt and more than 20 career podium finishes, Bakchis continues to be a championship contender in a sport that is continuing to push the boundaries of precision driving and vehicle engineering. Bakchis' Feal Suspension Race Team is proving they are one to be watched in future Formula DRIFT seasons. EDITOR’S NOTE More images are available here: ABOUT FEAL SUSPENSION Feal Suspension has been in the business of servicing and tuning dampers since 2007. The focus has been on maintaining and improving damper performance in addition to sales of coilover suspension kits. Feal brand coilovers are built with years of tuning experience and testing utilizing not only shock dyno analysis, but also testing with professional drivers on autocross, road-race, rally, and professional drifting applications. The company is active in professional motorsports and constantly puts the suspension to the test. For more information visit Contact Details Feal Suspension LLC Amy Bakchis Company Website

October 18, 2023 08:15 AM Pacific Daylight Time

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Foresight: Rail Vision Receives $500,000 Order from a Leading Latin America Mining Company

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd. (“Rail Vision”), received a $500,000 purchase order for a single MainLine system and related services from a leading Latin American (LATAM) mining company. This MainLine system is expected to be delivered to the new customer during the fourth quarter of 2023. Foresight owns 10.2% of Rail Vision’s outstanding share capital. "We have now expanded our global footprint into the massive LATAM market with this purchase order from a leading multinational mining company," said Shahar Hania, CEO of Rail Vision. "This is the second major mining company to use Rail Vision's innovative AI-enabled obstacle detection solutions, strengthening our foothold in an attractive market segment. We are confident that our MainLine system will bring significant value to this customer by enhancing their safety and operational efficiency," Mr. Hania concluded. The MainLine system, designed to overcome the challenges of the modern train industry, supports operators in identifying potential obstacles on the tracks, such as people, rocks, debris, and vehicles, at a distance of up to two kilometers (1.2 miles), even in challenging weather and light conditions, improving the safety of train operations, preventing collisions, and reducing downtime. Rail Vision's products combine sensitive imaging sensors with artificial intelligence and deep learning technologies to detect and classify obstacles on and near the tracks generating real-time visual and acoustic alerts for the driver and the operator’s command-and-control center. The LATAM mining company will benefit from Rail Vision’s robust MainLine Advance Driver Assistance System (ADAS) which uses high-end electro-optical sensors, machine learning algorithms, and edge computing capabilities to improve the safety of train operations, providing them with accurate and timely information to make informed decisions. Rail Vision will also provide supervision, guidance, and training services as part of the purchase order. This comprehensive approach ensures that the MainLine system is seamlessly integrated into the customer's existing infrastructure and operations, minimizing disruption and downtime during implementation. About Rail Vision Ltd. Rail Vision is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence based, industry-leading technology specifically designed for railways. The Company has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality. For more information please visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the benefits of its, and Rail Vision’s, technology and products and the expected timing of the delivery of the MainLine system. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 Company Website

October 18, 2023 08:25 AM Eastern Daylight Time

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Contract Management Associations Join Forces to Globally Elevate Profession

National Contract Management Association

Reston, VA and Ridgefield, CT – October 17, 2023 – Today, the National Contract Management Association (NCMA) and World Commerce and Contracting (WorldCC), the world's foremost authorities in the field of contract management, proudly announce a groundbreaking joint venture. This partnership is set to revolutionize the profession around the world. Contract management is the bedrock of successful business and social outcomes, underpinning transactions that drive economies and society forward. Recognizing the paramount importance of this profession, WorldCC and NCMA are uniting to advance a common and worldwide understanding of both public and commercial contracting practices. One of the core pillars of this joint venture is the commitment to consensus-based updates. At its heart, this collaboration aims to continually refine and expand the application of the Contract Management Standard™ (CMS™). By harnessing their collective expertise, they intend to adapt the CMS™ to accurately reflect the ever-evolving landscape of contract management in today's intricate global context and drive the growing adoption of the CMS™ for academic recognition of contract management. In addition to CMS™, this partnership will provide a wealth of guidance resources that are invaluable to professionals in the field. These resources will focus on the utilization of artificial intelligence (AI) technologies within the realm of contract management. This initiative is poised to empower practitioners by unlocking the full potential of AI, leading to enhanced efficiency, precision, and innovative practices. Sally Guyer, WorldCC's Chief Executive Officer, emphasized the collaborative spirit of the venture. "Our shared vision is to elevate the profession of contract management and ensure that it remains at the forefront of industry practices. By unifying our efforts, we can deliver cutting-edge guidance and resources that will empower professionals worldwide." NCMA's Chief Executive Officer, Kraig Conrad, expressed his enthusiasm for this milestone partnership, stating, "This joint venture marks a new era for contract management professionals. Together, we'll elevate CMS™ globally, setting a new standard for excellence and creating a common contracting language." The announcement was made at WorldCC's Americas Summit in Dallas TX. Further details will be discussed at NCMA's Government Contract Management Symposium November 6th and 7th in Bethesda, MD. The National Contract Management Association (NCMA), a nonprofit professional society founded in 1959, is an important resource for contract management and its nexus with related acquisition communities. With nearly 20,000 members, NCMA is dedicated to promoting excellence in the practice and profession through education, certification, and networking opportunities. NCMA serves through an open exchange of ideas in neutral forums of buyers and sellers. Visit to learn more. About WorldCC World Commerce & Contracting is a not-for-profit association dedicated to helping its global members achieve high-performing and trusted trading relationships. With 75,000 members from over 20,000 organizations across 180 countries, the association welcomes everyone with an interest in better contracting: business leaders, practitioners, experts, and newcomers. It is independent, provocative, and disciplined existing for its members, the contracting community and society at large. Visit to learn more. Contact Details National Contract Management Association Holly DeHesa +1 281-865-3296 WorldCC Kate Hodgins Company Website

October 18, 2023 04:00 AM Eastern Daylight Time

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From Crowded Airports to Clearer Skies: A Fresh Approach to US Air Travel


Now that air travel is back to pre-pandemic levels, passengers are experiencing a slew of problems - from flight delays and cancellations to lost baggage and jam-packed airplanes. A freshly inked report from the US Public Interest Research Group titled "Plane Truth," points to several factors contributing to these problems. Airlines have come under scrutiny for their practice of over-scheduling flights, which can lead to overcrowded cabins and disrupted schedules. According to the report, there were approximately 400,000 fewer flights in the first half of the year compared to 2019, resulting in fuller flights this year. As summer travel picked up from May to June, airline performance deteriorated. In fact, complaints have swelled to such an extent that the US Department of Transportation (DOT) has hit the brakes on their usual transparency, keeping recent complaint data under wraps since February. One of the key findings of the report is that airlines often lack accountability when it comes to addressing passenger concerns, from flight cancellations and delays to slow refund processes and inadequate communication with passengers. Furthermore, the USDOT has been criticized for not promptly releasing updated data on customer complaints related to airlines. Fortunately, leading US regional air mobility platform Surf Air Mobility Inc. (NYSE:SRFM) is tackling the issue of overcrowded airports head on, by completely avoiding them altogether. Surf Air Mobility, the largest regional commuter airline in the US by scheduled departures, is expanding regional air travel by connecting underutilized regional airports across the US to create a superior flying experience by using small turboprop aircraft flying between more convenient airports. Interestingly, about 90% of the US population resides or works within 30 minutes of a regional airport. Yet, a mere 30 airports in the nation account for approximately 70% of its air traffic. Revolutionizing Regional Air Travel Through Electrification Apart from creating an expanded network of regional flights across the US and beyond, Surf Air Mobility is leading the charge in revolutionizing regional air travel by harnessing the potential of electrification to significantly reduce the cost and environmental impact of flying. To bring this vision to life, Surf Air is collaborating with commercial partners to develop electrified powertrain technology for retrofitting existing fleets with electric propulsion and introducing electric aircraft on a large scale to the market. The company's leadership team boasts extensive expertise in aviation, electrification, and consumer technology. With its debut on the public market, Surf Air Mobility announced an exclusive partnership with Textron Aviation Inc., a subsidiary of Textron Inc (NYSE: TXT), which includes an order of 100 Cessna Grand Caravan EX aircrafts. Deliveries of the first 20 Cessna aircrafts are set to commence in the first half of 2024. Once the electrification technology is certified, these aircraft will be amongst the first to undergo conversion to incorporate Surf Air Mobility 's proprietary electric or hybrid-electric powertrain technology. Surf Air Mobility aims to make electrified aircraft accessible to new and existing operators with the goal of providing customers with the benefits of cost-effective, low-emission air travel on a large scale. Additionally, the company will serve as the exclusive provider of its proprietary battery electric and hybrid electric powertrain technology for the Cessna Grand Caravan to Textron Aviation. Surf Air Mobility plans to deploy both electric and hybrid-electric Cessna Grand Caravan aircrafts across its network, facilitating direct short-haul flights to connect even more airports. By doing so, the company aims to create a new kind of regional mass transport solution that more sustainably connects communities throughout North America with greener, lower cost air travel. The anticipated advantages of the new electrified architecture include a substantial reduction in direct operating costs, with targets ranging from 25% to 50%, and a significant decrease in direct carbon emissions, with targets ranging from 50% to 100%, all while maintaining performance levels similar to the current models. Importantly, these aircraft have the potential to be used at over 5,000 public-use airports across the United States, with no need for charging stations in the case of hybrid-electric powertrain versions. Surf Air Mobility is also partnering with big data giant Palantir Technologies (NYSE: PLTR) to co-develop definitive AI software and operator tools for the growing regional air mobility (RAM) industry. For further insights into Surf Air Mobility Inc. (NYSE:SRFM) and its comprehensive approach driving the growth of the regional mobility market, click on this link or visit their website. Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Surf Air Mobility Inc. Market Jar Media Inc. has or expects to receive from Surf Air Mobility Inc..’s Digital Marketing Agency of Record (Native Ads Inc.) forty-two thousand, five hundred USD for 36 days (26 business days). 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Surf Air Mobility Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Surf Air Mobility Inc.’s industry; (b) market opportunity; (c) Surf Air Mobility Inc.’s business plans and strategies; (d) services that Surf Air Mobility Inc. intends to offer; (e) Surf Air Mobility Inc.’s milestone projections and targets; (f) Surf Air Mobility Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Surf Air Mobility Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Surf Air Mobility Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Surf Air Mobility Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Surf Air Mobility Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Surf Air Mobility Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Surf Air Mobility Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Surf Air Mobility Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Surf Air Mobility Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Surf Air Mobility Inc.’s business operations (e) Surf Air Mobility Inc. may be unable to implement its growth strategy; and (f) increased competition.<>Except as required by law, Surf Air Mobility Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Surf Air Mobility Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Surf Air Mobility Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Surf Air Mobility Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Surf Air Mobility Inc. or such entities and are not necessarily indicative of future performance of Surf Air Mobility Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 Company Website

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