All Industries

NIAC Announces Nonrenewal of All Coverages for California Foster Family Agencies

Nonprofits Insurance Alliance

With incredible sadness, Nonprofits Insurance Alliance of California (NIAC) announced it will be sending out notices of nonrenewal of all coverages for all foster family agencies (FFAs) in the state of California. This announcement was made after it became clear that AB 2496, The Foster Family Agency Protection Act, is unlikely to pass in a form that allows FFAs to be insurable. NIAC noted that any organization with a policy that is underwritten as an FFA exposure that ceases providing all FFA services or working with children in resource homes can be considered for renewal, on a case-by-case basis. NIAC remains committed to advocating on behalf of California FFAs. To that end, NIAC has been diligently working with various stakeholders to pass legislation that would allow FFAs to be insurable. AB 2496, as originally drafted, was a moderate bill that would have accomplished this goal and allowed FFAs in California to continue with their important work. Unfortunately, NIAC learned today that the bill is unlikely to pass in a version that codifies appropriate judicial processes to enable FFAs to be insurable. The bill is currently in motion, but its fate remains in the hands of the California legislature and the governor. However, what NIAC has seen to date has not provided hope for an equitable solution in the best interests of the children. While NIAC knows that time is short and any changes are unlikely, FFAs and others are encouraged to reach out to their elected officials and utilize any contacts and relationships they may have to let them know that the situation is dire. NIAC is well aware of the extreme hardship this is placing on FFAs. “If there were any other way to maintain NIAC’s financial integrity while continuing to insure FFAs, that path would have been taken,” said Pamela Davis, Founder, President, and CEO of Nonprofits Insurance Alliance. Questions? Please contact Pamela Davis at ( pameladavis@insurancefornonprofits.org ) or 831-621-6018. About NIA Nonprofits Insurance Alliance of California (NIAC) is part of Nonprofits Insurance Alliance (NIA), the nation’s leading liability and property insurer exclusively serving nonprofit organizations. Founded in 1989 in Santa Cruz, CA, NIA is a social enterprise focused on the long-term sustainability and management of risk in the nonprofit sector. NIA has one of the best customer retention rates in the industry. NIA members enjoy fair and equitable insurance pricing, specialized insurance coverages, dividends, and innovative risk management and member resources. The NIA group brand is comprised of Alliance Member Services (AMS) and three insurers rated A (Excellent) by AM Best: • Nonprofits Insurance Alliance of California (NIAC) • Alliance of Nonprofits for Insurance, RRG (ANI) • National Alliance of Nonprofits for Insurance (NANI) All organizations under the NIA brand are 501(c)(3) nonprofits. Learn more about Nonprofits Insurance Alliance at insurancefornonprofits.org Contact Details NIA Marketing & Communications editor@insurancefornonprofits.org Company Website https://insurancefornonprofits.org

August 21, 2024 03:30 PM Pacific Daylight Time

Brief Filed in Opposition to Warren Buffett’s Attempt to Get Lawsuit Dismissed

NLPC

On Monday the National Legal and Policy Center filed its brief in federal court in Omaha, Nebraska opposing Warren Buffett ‘s and Berkshire Hathaway ‘s motion to dismiss NLPC’s lawsuit filed in May to hold them accountable for having NLPC’s Chairman, Peter Flaherty, arrested at Berkshire’s 2023 Annual Meeting. Mr. Flaherty’s presentation, as part of the meeting agenda, supported NLPC’s shareholder proposal to have the positions of Chairman and CEO be held by separate individuals, as a matter of good corporate governance. As part of his presentation, Mr. Flaherty criticized Mr. Buffett’s billions of dollars of support to the Bill and Melinda Gates Foundation, which promotes the controversial Critical Race Theory teaching that “math is inherently racist,” and a Gender Identity Toolbox, “which asserts that gender is a result of socially and culturally constructed ideas.” Mr. Flaherty also pointed out Bill Gates ‘s relationship with convicted sex offender Jeffrey Epstein, which had been reported in a Wall Street Journal story two days before the meeting. As he spoke, Buffett cut Flaherty’s microphone and ordered his security guards to eject Mr. Flaherty from the arena, who had an Omaha Police officer arrest Flaherty on the spot. “The silencing and arrest of a shareholder who was speaking in favor of a shareholder proposal has never before occurred at an annual meeting of a public company in the United States,” Flaherty said. “We look forward to having our day in court to hold Mr. Buffett and Berkshire Hathaway accountable for their actions,” said NLPC Counsel Paul Kamenar. It is expected that the federal court will rule in the coming weeks on Berkshire’s motion to dismiss. Click here for NLPC’s Brief. Click here for Exhibit #1 (charge dismissal document). Click here for Exhibit #2 (meeting transcript) Click here for Exhibit #3 (Flaherty Declaration) Click here for NLPC’s original Complaint (May 3, 2024) Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

August 21, 2024 02:00 PM Eastern Daylight Time

Kristin Marquet Expands FemFounder.co with Innovative Resources and Workshops to Empower Female Entrepreneurs Globally

Rev Up Marketers

Kristin Marquet, a recognized public relations and branding leader, proudly announces the platform's expansion, FemFounder.co. Dedicated to empowering female entrepreneurs, FemFounder.co offers a variety of resources and guidance tailored to the unique needs of women in business. Marquet's innovative approach to entrepreneurship has already assisted numerous women in building successful companies, and this latest expansion signifies a significant step forward in her mission to promote female entrepreneurship on a global scale. Comprehensive Support for Female Entrepreneurs As the driving force behind FemFounder, Marquet has transformed the platform into a one-stop resource for female entrepreneurs looking to grow their businesses. With her expertise in marketing, public relations, and business analytics, Marquet has developed FemFounder.co into a full-service media company offering practical advice, success stories, and a supportive community for women in business. Since its inception, FemFounder.co has evolved from a simple blog into a powerful movement that challenges traditional business norms and empowers women to take control of their entrepreneurial journeys. Marquet's core belief is that every woman has the potential to create something extraordinary. The platform features a variety of resources designed to help female entrepreneurs overcome obstacles, develop strong brands, and achieve financial success. Through her work, Marquet has inspired countless women to pursue their entrepreneurial dreams with confidence. Introducing The Brand Bootcamp: Clarity & Cohesion Workshop One of the standout offerings from FemFounder.co is The Brand Bootcamp: Clarity & Cohesion Workshop, an intensive program designed to help entrepreneurs develop cohesive and impactful branding strategies. This workshop covers vital aspects of branding, including brand positioning, messaging, visual identity, and audience engagement. Attendees benefit from Marquet's extensive industry experience, gaining practical tools and actionable insights that can be immediately implemented to refine their brand strategies and achieve tangible results. "The Brand Bootcamp has been a game-changer for many of our participants," said Marquet. "It's designed to break down complex branding concepts into manageable steps, allowing entrepreneurs to build strong, cohesive brands that resonate with their target audiences. Our feedback has been overwhelmingly positive, with many attendees seeing significant improvements in their branding efforts." Expanding Impact Through the Ignite PR Program Marquet also offers the Ignite PR Program, a comprehensive public relations initiative designed for female entrepreneurs looking to expand their reach and exposure. This program equips entrepreneurs with the skills to gain media exposure and build brand visibility. "The Ignite PR Program is about more than just getting media coverage," Marquet said. "It's about empowering female entrepreneurs to tell their stories in a way that connects with their audiences and drives business growth. Public relations is a powerful tool, and when used effectively, it can have a transformative impact on a brand's success." A New Kind of Business Leader Marquet represents a new kind of business leader whose impact is measured not by personal fame but by the tangible difference she makes in the lives of others. Through FemFounder.co and her programs, Marquet has become a beacon of empowerment for female entrepreneurs worldwide. Her work is grounded in authenticity, and her influence extends far beyond typical success metrics. Instead, her success is reflected in the thriving businesses she has helped to create and the empowered women she has inspired. About Kristin Marquet Marquet is a celebrated entrepreneur, branding expert, and public relations strategist passionate about empowering women in business. As the founder of Marquet Media, LLC, and FemFounder.co, she has helped countless female entrepreneurs build their brands and achieve financial independence. Her innovative programs and workshops are designed to provide the tools and strategies necessary for success in today's competitive business landscape. Marquet's work has been featured in leading publications such as Forbes, Entrepreneur, RollingStone.com, and Fast Company, solidifying her reputation as a thought leader. About FemFounder FemFounder is a leading platform dedicated to empowering and supporting female entrepreneurs worldwide. Founded by branding and public relations expert Kristin Marquet, FemFounder provides a comprehensive range of resources, including expert advice, success stories, and practical tools designed to help women in business overcome challenges and achieve success. Through its innovative programs, workshops, and strategic guidance, FemFounder is committed to inspiring women to build strong brands, grow their businesses, and make a lasting impact in their industries. For more information, visit FemFounder.co. Contact Details Marquet Media, LLC Rachael Madsen Hello@MarquetMedia.co Company Website https://www.marquet.company/

August 21, 2024 12:33 PM Eastern Daylight Time

Image

Los Defensores Celebrates 40 Years with Star-Studded Anniversary Gala Honoring MLB Legend Jaime Jarrín

Los Defensores

Los Defensores, the first nationwide brand dedicated to connecting the Latino community with qualified legal services, marked its 40th Anniversary Gala on August 15, 2024, at the renowned Petersen Automotive Museum. Close to 300 guests attended the event, which featured a special tribute to MLB Hall of Famer Jaime Jarrín, the iconic Spanish-language voice of the Los Angeles Dodgers, and his son Jorge Jarrin; both official spokesmen for the brand. At the event, the Jaime and Blanca Jarrin Foundation raised over $9,000 for its scholarship program, which supports underprivileged students pursuing degrees in law, communications, or journalism. Los Defensores matched this contribution, bringing the total raised to an impressive $18,000. In line with its deep-rooted commitment to corporate social responsibility, Los Defensores introduced its bold new community initiative, “Siempre Contigo” (Always On Your Side). This innovative program will enhance the company’s ongoing community empowerment and social responsibility efforts. Through year-round outreach, education, and expanded philanthropic activities, “Siempre Contigo” will make a lasting impact on local communities. The evening brought together an array of distinguished guests, including legendary labor leader and civil rights activist Dolores Huerta, who co-founded the United Farm Workers Union with Cesar Chavez, and retired California Supreme Court Justice and former U.S. Ambassador to Belize, Carlos Moreno. Other VIPs included radio and TV personality Gisselle Bravo, who hosted the event; Said Garcia, producer, and on-air radio and TV personality; Hazel Ortega, motivational speaker and author of “From Bounced Checks to Private Jets;” Liliana Perez, senior director of cultural affairs for the Los Angeles Chargers; as well as representatives from LA County Supervisor Janice Hahn, California State Assemblymember Al Muratsuchi, and LA City Councilwoman Katy Yaroslavsky, who presented Certificates of Recognition during the program. Jaime Jarrín, celebrated as a trailblazer in sports broadcasting, was honored for his 39 years of service as the longest-running spokesperson for Los Defensores in the national Hispanic media market. Since 1985, Jaime and his son, Jorge Jarrín, have become beloved figures in the Latino community through their legendary Spanish-language television ads for Los Defensores, cementing their place in the community’s history and pop culture. “We are thrilled to celebrate the enduring success and legacy of Los Defensores alongside our dedicated employees and the attorneys from across the United States serving our community. This milestone is a testament to the trust, experience, and commitment our brand represents within the community. After 40 years, we remain the preferred legal services brand among Hispanic communities in the U.S.,” said Nicole Cordero, Vice President of Corporate Affairs and Marketing at Los Defensores. “Being a pioneering Hispanic brand comes with a deep sense of responsibility and commitment. At Los Defensores, we are excited about the bright future ahead, and we remain committed to empowering our communities by providing unparalleled access to Spanish-language legal services and engaging in transformative community initiatives,” Cordero concluded. About Los Defensores Los Defensores is a distinguished legal service provider committed to supporting the Latino community across the United States. With a history dating back to 1984, the firm leverages its vast network of over 200 independent attorneys to assist in various legal areas, including personal injury, workplace accidents, and employment law. Renowned for its accessibility, Los Defensores connects Latinos to attorneys who offer free legal consultations in Spanish, ensuring their services are understandable and approachable. They aim to connect clients with legal support within 10 minutes, operating around the clock emphasizing speed and quality in their client service. Contact Details Marco Gonzalez +1 818-653-1357 marco@magopr.com

August 21, 2024 11:18 AM Eastern Daylight Time

Image

Flash ‘Puts Parking on the Map’ with Google Search, Google Maps, and Now Waze

Flash

Flash today announced the full U.S. release of reservable parking transactions in Waze that Flash developed in collaboration with the popular navigation app. Waze joins Google Search and Google Maps in Flash’s growing portfolio of integrations which features parking options with Flash across all three major platforms, including many of the world’s largest parking operators and owners. Together, Flash and Waze set a new standard for how drivers find and pay for parking at 30,000 parking locations in North America. When drivers enter their destinations in Waze, the app now suggests nearby reservable parking locations. Drivers can see important details for selecting their preferred parking location such as cost, amenities, wheelchair-accessibility and valet options. Drivers can reserve and pay for the parking location they choose, and Waze will route them to the selected parking destination where they can access the parking facility with a digital pass. “Driver behaviors and expectations are shifting, and our efforts to embed reservable parking and charging experiences with leading apps and platforms anticipated that shift,” said Dan Roarty, Chief Digital Officer at Flash. “We can help parking asset owners and operators meet drivers in the apps and sites where they plan their travel and bring an end to the era of circling blocks, wasting time and fuel in the search for parking.” Early results prove that allowing drivers to book parking directly in the search and navigation apps they use most is a win for parking owners and operators. Over 90 percent of these drivers are new customers to the parking locations. They make Google parking reservations 8.5 hours in advance and at a median distance of 22.3 miles away from their destination. These customers plan ahead through digital services and trust the navigation apps they already use. “This is an exciting time in the parking industry as Flash continues to partner with Parkway to make our customer experience more seamless and integrated than ever,” said Robert Zuritsky, Parkway President and CEO. “Parkway is thrilled to see reservable parking at our locations made available through these services. Flash understands our business and continually innovates to deliver new channels and capabilities that drive additional customers and transactions to us.” Flash’s integrations with Waze, Google Search and Google Maps unify operators’ availability and pricing data and performance metrics across these Google properties. These properties join Flash’s growing integration footprint alongside existing relationships with Ticketmaster, hundreds of major event venues and automakers like Mercedes Benz and Hyundai. Flash’s flexible developer tools and payment configurations support the integration of Flash experiences into a wide range of interfaces, from desktop and mobile browsers to mobile apps, connected car dashboards and enterprise applications for employee parking and fleets. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. Note to the editor: Find b-roll footage and animation of the user experience in Waze for use at the included links. A list of selected reservable parking options for landmarks in major cities is available by request. Contact Details Razor Sharp PR Ian Thomas +1 512-822-5490 ian@razorsharppr.com Company Website https://www.flashparking.com/

August 21, 2024 09:49 AM Central Daylight Time

New Research from DIRECTV Advertising and Publicis Media Finds 97% Of Consumers View Long-Form As Preferred Premium Content

DIRECTV Advertising

DIRECTV Advertising, a trailblazer in addressable TV solutions, and Publicis Media, the media division of global communications leader Publicis Groupe, today released a study titled Premium, Defined: Long-Form Content Drives Ad Success. The joint study was fielded by Vital Findings in May 2024 and uncovers consumers’ definition of premium content and their sentiment towards the ads that appear within it. The research found that 97% of viewers consider long-form content to be the most premium and that watching long-form premium content elicits positive emotions, with almost 9-in-10 saying it’s a good use of their time. “DIRECTV has been at the forefront of entertainment and innovation for three decades. Viewer habits have certainly shifted over time, but what remains consistent is that TV and premium content offer a truly leaned-in experience that forges deep personal connections,” says Amy Leifer, Chief Advertising Sales Officer for DIRECTV Advertising. “DIRECTV Advertising brings together brands with the deeply engaged audiences that matter most to them”. Advertising within long-form premium content has long been a fixture on media plans. As more ad-supported services enter the market, most viewers are willing to watch ads in exchange for free or discounted subscriptions. 62% say they appreciate that brands advertising in long-form premium content make it more affordable to view. Not only do viewers recognize the value in advertising but they are also taking action. Two-in-three report having purchased a product they’ve seen advertised within long-form premium content. Still, the type of content considered ‘most premium’ varies across audiences and the report covers five distinct segments based on what ‘premium’ means to them. "Viewers follow good content wherever it lives, which is why it is a challenge to put a universal definition on what 'premium' means to consumers,” said Liz Leonard, EVP, PMX Lift. “However, we know that long-form content continues to be a vital part of advertisers’ video mix due to perceived content quality and integrity, as well as having a proven track record of driving strong engagement and business outcomes." In the coming months, brands will be able to activate these valuable segments within the DIRECTV footprint and across media with PMX Lift. The full-length report is now available at directvadvertising.com/insights/. # # # Methodology The data cited in this release is based on a quantitative survey of n=3,000 consumers representative of the US population ages 18-74. The survey was fielded online May 1st - May 15th, 2024 by Vital Findings. About DIRECTV Advertising DIRECTV Advertising is a pioneer in the converged addressable space, delivering industry leading audience-based, digital, and innovative media solutions. Employing our decades of experience, we empower advertisers to address and engage their audience at scale while continuously measuring campaign impact against brand goals to unlock insights and optimize future campaigns. About Vital Findings Vital Findings is an award-winning insights agency driven by the conviction that insights should not just inform but inspire. Our mission is to elevate the way businesses interact with data, transforming it from abstract numbers into compelling narratives and visual stories that resonate. We believe that when insights are experienced, not just observed, they have the power to ignite creativity, foster innovation, and lead to more informed and impactful decision-making. About Publicis Media Publicis Media harnesses the power of modern media through global agency brands Publicis Collective, Publicis Health Media, Spark Foundry, Starcom and Zenith, as well as global accelerator PMX and integrated platform-based technologies including CJ, Epsilon and Profitero. A key business solution of Publicis Groupe ([Euronext Paris FR0000130577, CAC 40]), Publicis Media’s digital-first, data-driven global solutions deliver client value and drive growth in a platform-powered world. It is present in over 100 countries with over 23,000 employees worldwide. Contact Details Kite Hill PR Alexandra Morrison alexandra@kitehillpr.com Company Website https://www.directvadvertising.com/

August 21, 2024 09:21 AM Eastern Daylight Time

Turtle Wax Names Mexican-American Race Car Driver Daniel Suarez its Art of Car Care™ Line's First Brand Ambassador for Mexico

Turtle Wax

WHO: Rev up your engines and mark your calendars for an electrifying announcement! Mexican-American racing sensation Daniel Suarez has been named the first-ever Brand Ambassador for Turtle Wax's Art of Car Care™ line in Mexico. Get ready to witness his unparalleled energy and expertise in car care. WHAT: Witness the electrifying impact of Mexican-American race car driver Daniel Suarez as he takes on the role of the first-ever Brand Ambassador for Turtle Wax's Art of Car Care™ line in Mexico. Suarez's unparalleled energy and expertise in the automotive world will provide an exciting new dimension to the acclaimed brand, the perfect complement to the bold, disruptive nature of the Art of Car Care™ line. WHEN: Keep your engines revving as Daniel Suarez's Art of Car Care™ episode drops. It’s a season finale you don't want to miss! Click here to watch the first season on YouTube, with all episodes available on August 23, 2024. WHERE: Hold onto your seats because there's more excitement in store! Suarez will appear in the highly-anticipated season finale of the Art of Car Care™ YouTube series. In this must-see episode, he shares riveting insights into his lifelong journey with cars and the deep-rooted love that fuels his fervor for automotive restoration. WHY: Known for his stellar performance on the racetrack and unwavering passion for all things automotive. Off the track, Suarez brings boundless energy and passion to the world of car care. From his formative years spent in his father's restoration shop in Monterrey, Nuevo Leon, Mexico, to his current status as a star in the professional stock car racing circuit and countless restoration side projects, Suarez's connection to the automotive world is unparalleled. ABOUT TURTLE WAX® The Turtle Wax story started with the launch of the first-ever bottled car wax in 1944. More than 75 years later, the 'Most Innovative Brand in Car Care' is still capturing the attention of the auto appearance industry with a cross-category assortment of No. 1 selling products. With product distribution in more than 120 countries, the Turtle Wax brand resonates globally. Still, the brand's heart remains in its hometown of Chicago, where award-winning innovation is still developed. For an inside look at the brand's breakthrough product development process or how Turtle Wax supports car culture worldwide, visit TurtleWax.com. Contact Details Glenda Vaquerano glenda@theidagency.com Company Website http://turtlewax.com/

August 21, 2024 06:07 AM Pacific Daylight Time

Image

Wolfpack: The Financial Services Company Designed For Millennial And Gen Z Investors

Benzinga

By Anthony Termini, Benzinga When George Parthimos’s teenage children started asking him about the stock market, he did what many parents would do – especially if they’re former technology executives. He created a self-directed trading platform for beginning and inexperienced investors. That was the genesis of Wolfpack Financial. A Proprietary Buy-Now-Pay-Later Approach To Trading, Lending And Investment Education Wolfpack, incorporated in Delaware and headquartered in New York, offers a suite of financial products and services through a native mobile app designed to help investors build sustained investments. Wolfpack is not a day trading platform. It empowers new and inexperienced investors to discover opportunities, make trades easily and grow their overall investment portfolios over time. The product provides a powerful mobile-first investment and social platform that includes lending features using technology familiar to millennial and Gen Z consumers. Wolfpack’s goal is to help give people control over their finances and the opportunity to build generational wealth. Its suite of products includes a short-term point-of-sale lending product. The company has innovated traditional stock market lending products by creating a patent pending product it refers to as a “Booster Loan.” Wolfpack says that Booster Loans are the only fully collateralized Buy Now Pay Later lending product available from a financial institution. Wolfpack positions the Booster Loan as a better alternative to personal loans, credit cards and traditional margin lending, all of which come with high interest rates and potentially higher credit and investment risks. Booster Loans extend credit to investors for the purchase of common stocks or exchange-traded funds (ETF). Investors repay these loans over a fixed 10-week repayment schedule. Wolfpack expects Booster Loans to be rolled out in the fourth quarter of 2024. To further appeal to consumers who are new to investing or have little experience, Wolfpack makes it possible to open an account with a minimum of $5. In addition, it offers up to $50 in rewards on new accounts with a minimum $100 deposit that meet certain requirements. It is important to note that consumers who download the mobile app and fund an account automatically receive pre-approval for up to $2,000 in Booster Loans. When launched, they will also receive priority access to Booster Loans. The penalty-free Wolfpack app is designed to help investors discover the financial benefits of stocks and ETFs. It lets investors buy these securities from as little as $5.00 per trade. The service includes fractional share trading and charges zero commissions. Importantly, Wolfpack allows users to tailor screens that fit their personal investing criteria and matches the investor with the stocks and ETFs that meet those parameters. Parthimos, who is Wolfpack’s founder and CEO, says that the app is “designed to be a one-on-one relationship between the market and the individual.” Originally created with Parthimos’s now-adult children in mind, he says that the app “allows for the individual to set in a suite of filtering criteria that they are looking for that is very specific and custom to them.” The platform includes personal finance education modules and descriptions of common investment terminology. Wolfpack’s premium data services alert users with trade signals and trend data based on their specific investment criteria. Wolfpack’s Business Strategy Wolfpack’s focus on millennials and Gen Z investors is grounded in data. As Charles Schwab’s 2024 Modern Wealth Survey points out, more than 40% of them invest in stocks. Wolfpack says they are targeting a total addressable market of more than 134 million consumers. The company notes that millennial workers in the gig economy identify themselves as entrepreneurs rather than freelancers and are more likely to use a self-directed trading app than a traditional broker to manage their financial affairs. The company’s retail strategy involves launching and promoting the Wolfpack app to its target demographic through a number of social media channels. The customer acquisition strategy involves maximizing top-of-funnel app downloads, converting registered users to brokerage accounts, increasing engagement to drive monthly active users and ultimately signing up Booster Loans at point-of-sale. Wolfpack reports that it currently has one of the lowest customer acquisition costs in the industry. The company is also pursuing a B2B market strategy. Wolfpack’s focus on business customers involves licensing its proprietary app and services – namely the Booster Loan opportunity – through strategic partnerships with banks, broker-dealers and securities clearing houses. The company says it has determined that more than 90% of US banks and broker-dealers don’t have a securities trading solution for their customers, and this can lead to customer attrition in favor of companies that provide brokerage services. By licensing Wolfpack’s technology platform, these institutions create a stickiness that can reverse outflows, add new customers and grow their assets under management by offering new services. The company estimates that the combined consumer and enterprise opportunity in the margin lending business alone exceeds $600 billion. Other key revenue streams include transaction fees and monthly premium subscription services. For enterprise customers, revenues will be derived from platform licensing fees, premium subscription services, Booster Loan portfolio management fees and transaction fees. Information about Wolfpack’s business fundamentals is available on the Wefunder website. Investors interested in the rewards and priority access opportunities offered by Wolfpack should visit the company’s website. Featured photo by sergeitokmakov from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 21, 2024 08:45 AM Eastern Daylight Time

Image

Bitcoin Miner Bitdeer (NASDAQ: BTDR) Inks Key Partnership, Advances Chip Development, Explores AI Datacenter Expansion

Benzinga

By Gerelyn Terzo, Benzinga Bitcoin investors showed their resilience when the flagship cryptocurrency got caught up in recent broader market volatility that sent the BTC price below $60,000. Investors rotated out of Big Tech recently amid economic and market uncertainty, but they may still have their eye on the AI and data center prize, which could bode well for Bitcoin miners and other companies operating in this arena. Institutional investors reportedly bought the Bitcoin dip as $245 million in inflows moved into spot Bitcoin ETFs during the summer doldrums. While Bitcoin ETFs only recently made their debut, many investors seem to have proven their willingness to endure market swings. One company strategically positioning itself in the Bitcoin space is Bitdeer Technologies Group (NASDAQ: BTDR), which continues to advance its roadmap in 2024. Bitdeer has published its production and operations update for July, during which time it hit several key milestones. Among the highlights was the fact that Bitdeer mined 181 Bitcoins compared with 179 in June. Additionally, the company reports that it solidified a key engagement with Tier 3 and 4 data center consultant TLM Group, inched closer to the monetization of its power portfolio and proved to be on pace for the deployment of its Bitcoin self-mining ASIC chips. Investors looking to gain exposure to Bitcoin but not prepared to directly buy into the asset class may want to investigate Bitdeer’s stock, which they can learn more about here. Bitdeer’s Computational Power On The Rise In July, Bitdeer’s total hashrate – a reflection of the computational power a network possesses to mine BTC – under management was 21.2, up from 20.6 in the same month in 2023. The company is targeting the expansion of its hash rate by 3.4EH/s by year-end, growth that will be fueled by the manufacturing of its SEALMINER A1 rigs. In July, mass production of Bitdeer’s new mining chip, dubbed SEAL01, the powerhouse for the SEALMINER A1 mining rig series, remained on track while the company implemented air cooling and hydro cooling capabilities. Bitdeer is preparing for mass production of its second-generation chip, SEAL02, by year-end 2024. Meanwhile, R&D activities on its third-generation chip, dubbed SEAL03, are also underway. High-Performance Computing And AI Bitdeer’s AI cloud services are powered by technology from AI leader Nvidia (NASDAQ: NVDA), the systems for which attained 100% utilization in July. The company has plans to expand its AI cloud footprint to seize opportunities as they present themselves while remaining disciplined on capital expenditures. With TLM Group on board, which is out front for high-performance computing (HPC) and AI datacenter engineering and construction, the company can harness the consultant’s expertise to evaluate the suitability of its current sites while collaborating with them on a broader datacenter strategy. Bitdeer says this partnership may involve co-locations, joint ventures and other ways to monetize the high-demand HPC and AI segments. Bitdeer’s Global Datacenter Expansion Datacenters make up the key infrastructure where AI magic takes place, and Bitdeer oversees several facilities strategically located around the world, including Rockdale, Texas, Tydal, Norway, Massillon, Ohio and Jigmeling, Bhutan, the construction of which progressed in July. In July, the Phase 1 and Phase 2o expansions of Bitdeer’s Norway datacenter remained on pact to deliver 40 MW in Q4 2024 and 135 MW by mid-2025. In Bhutan, Bitdeer is targeting the completion of a 500MW substation by Q1 2025. An upgrade of the Texas mining datacenter to hydro cooling is underway and should be complete by year-end 2024. In Ohio, Bitdeer said the 221MW project is proceeding as expected in the design and long lead time equipment procurement stage. Bitdeer plans to deploy 3.4 EH/s of first-generation Bitdeer SEALMINERs into its Texas and Norwegian sites in Q4 2024, catapulting its total proprietary hashrate to 11.8 EH/s. Bitdeer’s Year-End Push With roots in Bitcoin mining that date back to 2013, Bitdeer has been among early movers in this market, including ASIC technology, which is used by the toughest mining rigs on the planet. As the company gears up for the final stretch of 2024, Bitdeer has no plans of slowing down and will participate in several events. Among them is Rosenblatt’s virtual tech summit, which will be held in August and will focus on “The Age of AI.” In September, Bitdeer will be featured at H.C. Wainwright’s global investment conference in New York before heading to Miami for the Canto Crypto conference in November, which will similarly focus on AI infrastructure. Investors considering becoming part of the Bitdeer growth story cite the company’s participation in the Bitcoin ASIC chip mining, AI/HPC and data center story. With a consensus analyst rating of “ buy,” Bitdeer shareholders may be in good company. Featured photo by satheeshsankaran on Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 21, 2024 08:35 AM Eastern Daylight Time

Image

1 ... 79 80 81 82 83 ... 3772

Back