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AI Security Company Reports Growth – President Speaks To Benzinga

Benzinga

By Johnny Rice, Benzinga Paul Allen, President of Airship AI (NASDAQ: AISP), was recently a guest on Benzinga’s All-Access. Airship AI is a cutting-edge, artificial intelligence-driven video, sensor and data management surveillance platform. Customers rely on its services to provide actionable intelligence in real-time –- collected from a wide range of deployed sensors and utilizing the latest in edge and cloud-based analytics. These capabilities improve public safety and operational efficiency for both public sector and commercial clients. Mr. Allen spoke about the company’s recent quarterly earnings, which showed growth. Learn more here: Featured photo by Bernard Hermant on Unsplash. 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 22, 2024 08:30 AM Eastern Daylight Time

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Alta Global Targets 45,000 US Martial Arts Gyms To Drive Revenue Growth With Hype Marketing Launch

RazorPitch MMA

Alta Global Group (NYSE American:MMA) recently announced a nationwide roll-out of its newly acquired, all-in-one marketing platform called Hype, to combat sports gym partners across the United States. Apart from revolutionizing the way the combat sports industry monetizes its social followers and enhances member engagement, Hype sets Alta up to drive major revenue growth. Hype is like a mini-website builder, a CRM and payments processor all built into one that you can operate from your smartphone. So let's say a business owner has been growing their business through Instagram or Facebook and has amassed a large social media following. What Hype essentially allows them to do is take those followers social media and replicate them onto a platform with more freedom and tools to communicate and monetize. Hype is an extremely powerful tool for business owners due to a number of reasons. First, it helps business owners avoid the problem of having a limited number of links in their bios, which is common in some social media apps. Also, even if a business has a large social media following, every time it wants to communicate something or send a message to its followers, the algorithm essentially dictates that only a small percentage of the followers actually end up seeing the message, making it a very ineffective and unreliable way to reach potential customers. That is where Hype comes in. The platform makes the process of converting a social media following much more efficient, giving full control over the potential customer base once they are in the CRM. From there, you can communicate with them directly via email or SMS without being at the behest of social media algorithms. Hype’s nationwide rollout ties in well with Alta’s long-term mission of converting 640 million combat sports fans into participants because the intimate, community-oriented nature of combat sports gyms fosters strong relationships and referrals. This network effect could enhance the penetration of Hype among gym owners, coaches, and athlete influencers within each gym community. The revenue potential for Alta Global Group (NYSE American:MMA) here is substantial considering that Hype operates on a traditional SaaS model. Hype's subscription pricing ranges from $39 to $299 per month. It also collects a transaction fee of up to 5% across all transactions processed through the platform. Hype is currently generating approximately $200,000 per year in recurring revenue from subscriptions and transactions, but this figure could be gearing up for exponential growth. To illustrate this potential, think of it this way: At the moment, there are about 45,000 gyms in the US, with 67,000 forecast by 2026 that have the potential to bring in revenue of anywhere from $39 to $299 a month. In addition to that, you’ve got a huge network of at least 100,000 coaches, on top of the number of gyms and 11.8 million active participants in the US alone. Alta Global Group (NYSE American:MMA) believes that the coaches will obviously want to sell memberships and promote people coming to the gym for the trial. With every gym having say 3 or 4 coaches who often sell private 1 on 1 lessons and may again have a large social media following independent from the gym itself, Hype would provide them with an opportunity to target their social followers with private classes or even monetize their own training content. According to Alta's founder and CEO, Nick Langton, "We have a great opportunity here to help our gym partners, coaches, and athletes better monetize their infrastructure and content while Alta Global Group (NYSE American:MMA) benefits from the subscription-based monthly recurring revenue stream. With a potential footprint of tens of thousands of gyms across the US and annual subscription revenues of up to $3500 (plus potential transaction revenue), plus many more coaches and athlete influencers, the opportunity for Alta is substantial as we help bring more of the 640 million MMA fans into their local gyms for direct participation in their favorite sport." From an investor's perspective, capturing just 10% of the US martial arts gym market—approximately 4,500 gyms—at a mid-tier price of $99 per month could generate at least $5 million in additional revenue for Alta, with minimal added costs. At a premium price of $299 per month, this figure could reach up to $15 million. And that's just from gym subscriptions alone and also excluding the transaction fees, highlighting significant potential for further growth. In the US, there’s approximately 340,000 certified personal trainers working professionally and over 100,000 athlete influencers, all of whom can leverage Hype’s platform to create more value for their brands. Again, what's most exciting about Hype is that Alta can target a multitude of other businesses apart from combat sports gyms. There’s about 27.1 million businesses in the US managed by sole owners, and Hype could be a key tool for driving conversions of their social media following. As mentioned before, Hype combines features from multiple established SaaS brands into a comprehensive solution that can be tailored for combat sports gyms, reducing the need for multiple subscriptions. It competes with platforms like WordPress and Squarespace for website creation, and provides more flexible payment options. Perhaps the most interesting thing here is just the number of products Hype can replace. For instance, Linktree, Mailchimp, and Hubspot are multibillion dollar companies. Since Alta currently has a market cap of about $30 million, it appears to have significant room to grow its valuation in the near term as Hype’s rollout gathers momentum. That potential is reaffirmed by the fact that some of these products have been acquired at sky-high valuations. For instance, Mailchimp was acquired for about $12 billion by Inuit back in 2021 and recently there were rumors of Alphabet intending to acquire Hubspot in a deal valued at $25 billion. While Alta doesn't currently have any direct comparables, investors should note a couple of things. What the company is really doing is acknowledging that most businesses now, or a lot of small businesses, rely heavily on social media platforms such as TikTok, Instagram, or Facebook for most of their customer acquisition. So rather than replacing these social media apps, Hype offers a more efficient way to actually take those potential customers into your own sales funnel. The main takeaway here is that the rollout of Hype across the US is set to unlock substantial shareholder value after this major milestone. So far, Hype as a product has been around for a while and already has a customer base that sits well beyond the combat sports realm, which further validates the business model. Although Alta Global Group (NYSE American:MMA) is initially targeting combat sports gyms, there’s still a lot of revenue potential through Hype if the company decides to expand into other adjacent sectors like community sports or different athletes. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by the company to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 Mark@RazorPitch.com Company Website http://razorpitch.com

August 22, 2024 08:00 AM Eastern Daylight Time

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News Release

Top AI Stocks to Watch Under $5

IVDA SOUN BBAI POET

Artificial intelligence has emerged as a dominant theme over the past year, with the stock market rapidly recognizing its potential. Companies across various sectors are integrating AI solutions into their core business models to reduce costs, enhance performance, and explore new market opportunities. The global AI market is set for explosive growth, projected to reach $826 billion by 2030, driven by a compound annual growth rate of 28.46% from 2024 to 2030, according to Statista. This growth is reflected in the technology sector's performance, with the Nasdaq-100 Technology Sector index soaring 69% since the start of 2023, largely fueled by advancements in AI. With AI’s rapid expansion creating new opportunities, these four stocks under $5 could be worth exploring in this evolving sector. Iveda Solutions, Inc. (NASDAQ: IVDA) is at the forefront of the smart city and video surveillance revolution, leveraging its innovative cloud-based AI technology to redefine safety, security, and operational efficiency. With a robust portfolio of solutions, Iveda is making significant strides in various sectors, from public safety to fluid management. The company’s launch of the IvedaAI Cloud Subscription back in May marked a significant milestone in democratizing AI-powered video surveillance. This service transforms existing IP cameras into advanced smart cameras, offering features like facial recognition and intrusion detection. Priced at $99.99 per month, the service is designed to be accessible to a wide range of users, from homeowners to business owners. David Ly, CEO and founder of Iveda, highlights the service’s impact: “With IvedaAI Cloud Subscription, anyone with an IP camera can now experience the safety and security advantage of AI without breaking the bank.” As the global demand for AI-enhanced surveillance grows, projected to hit $55.22 billion by 2030, Iveda is strategically positioned to capture a significant share of this expanding market. A game-changer in video surveillance, the IvedaAI Cloud Subscription transforms existing IP cameras into advanced AI-driven systems. For just $99.99 per month, users gain access to powerful features such as facial recognition, intrusion detection, and license plate recognition, making high-end security technology accessible to both small businesses and residential users. This democratization of AI technology is expected to capture a significant share of the global IP camera market, projected to reach $55.22 billion by 2030. David Ly, CEO and founder of IVDA, emphasizes, “With IvedaAI Cloud Subscription, anyone with an IP camera can now experience the safety and security advantage of AI without breaking the bank.” This innovative service marks a significant milestone in making advanced security accessible to a broader audience. In addition to this, Iveda has also introduced the IvedaAI Forensics Desk. Launched in July 2024, the IvedaAI Forensics Desk enhances law enforcement capabilities in the Philippines by providing advanced AI tools for video analysis. Timmy Evangelista, CTO of Iveda Philippines, notes, “The Forensics Desk will truly transform the way local police units handle video evidence,” highlighting its potential to significantly improve crime-solving efficiency. IVDA ’s global expansion is underpinned by strategic partnerships that leverage local expertise to penetrate new markets. The collaboration with the Arab Organization for Industrialization (AOI) and ZeroTech in Egypt exemplifies this strategy. As Egypt embarks on developing 38 new smart cities by 2050, IvedaAI technology is set to play a crucial role in enhancing security and operational efficiency. Beyond the Middle East, IVDA is expanding its footprint in Asia and Latin America. Recent contracts in Vietnam and Taiwan, along with a significant partnership in Latin America, underscore Iveda’s growing international presence and its potential to drive substantial revenue growth in these emerging markets. Iveda Solutions, Inc. (NASDAQ: IVDA) is also making strides in the senior care sector. The integration of IvedaCare with IvedaAI at Waymark Gardens, a senior living facility in Glendale, AZ, is part of a $1.032 billion Veterans Affairs contract for remote patient monitoring. This integration enhances the safety and well-being of seniors by combining IvedaCare’s camera-less sensors with IvedaAI’s real-time video monitoring. David Ly notes, “We’re beginning to see real progress on the VA contract awarded to us in 2023. The integration of IvedaAI at Waymark Gardens is a testament to our technology’s growing value.” Dr. Eric Luster, CEO of Movement Interactive, praises Waymark Gardens as a model for senior living innovation, adding, “Our technology’s success here is driving broader adoption and showcasing real-world benefits.” Residents and staff at Waymark Gardens have responded positively, with one resident stating, “I feel safer knowing that my family is alerted in case of any issues, and IvedaCare’s technology gives us peace of mind.” Iveda Solutions (NASDAQ: IVDA) stands at the intersection of AI, video surveillance, and smart city technology. With a robust portfolio of products and a series of strategic global partnerships, Iveda is uniquely positioned to capitalize on the growing demand for AI-driven security solutions. As the company continues to expand its market reach and enhance its product offerings, it presents a compelling opportunity for investors interested in this emerging segment. SoundHound AI (Nasdaq: SOUN) is positioning itself as a dominant force in the conversational AI space, offering cutting-edge voice solutions to a wide range of industries. Its proprietary technology powers millions of interactions annually across automotive, customer service, and IoT sectors, with products like Smart Answering and Dynamic Drive-Thru driving the company’s reputation for speed and accuracy. In Q2 2024, SOUN reported record revenue of $13.5 million, a 54% increase from the previous year. CEO Keyvan Mohajer noted this as a "milestone quarter," highlighted by the acquisition of Amelia, a move that expanded SoundHound’s reach across verticals like banking and Fortune 500 companies. Post-acquisition, SoundHound now serves 200 marquee customers globally, accelerating its presence in the generative AI-powered customer service market. The company’s success is reflected in its financial strength. With a cumulative booking backlog of $723 million, SoundHound nearly doubled its customer commitments year-over-year. Its gross margins reached 67%, and the firm boasts a cash balance of $201 million after paying down $100 million in debt. The company’s raised revenue guidance for 2024 targets $80 million, with expectations to climb further to $150 million by 2025. SoundHound’s (Nasdaq: SOUN) voice AI is being integrated into six Stellantis brands, including Peugeot and Alfa Romeo, across multiple languages. It also signed a contract with a U.S. EV manufacturer to implement its AI assistant fleet-wide, marking a significant breakthrough in the automotive sector. Partnerships with Perplexity and Connex2X enhance SoundHound’s AI reach across connected vehicles and devices. BigBear.ai (NYSE: BBAI) stands out as a prominent player in the AI sector, particularly in areas such as national security, digital identity, and supply chain management. The company's recent developments showcase its strategic position and the potential for significant growth in the AI-driven decision intelligence market. BigBear.ai’s strategic initiatives, such as the development of the ConductorOS platform, highlight the company's commitment to delivering cutting-edge solutions. ConductorOS, designed to work seamlessly within any existing infrastructure, underscores BigBear.ai's focus on enabling AI integration in highly complex and distributed environments. The company's signing of a Master Service Agreement (MSA) with Heathrow Airport further cements its role in providing advanced technologies for critical infrastructure. This partnership not only enhances security and operational effectiveness but also aligns BigBear.ai with major players in the transportation sector, a crucial step for expanding its market presence. BigBear.ai reported a 3.4% increase in revenue for the second quarter of 2024, reaching $39.8 million, compared to $38.5 million in the same quarter of 2023. This growth was driven by higher-margin solutions and the integration of revenue from its Pangiam acquisition. The gross margin also improved to 27.8% from 23.3% year-over-year, signaling a positive trend in profitability despite the planned wind-down of the Air Force EPASS program. However, the company faced challenges, including the timing of customer awards and regulatory approvals, which led to a downward adjustment of its full-year guidance to $165–$180 million. While the net loss decreased to $11.7 million from $16.9 million in the previous year, the ongoing non-recurring integration costs and strategic initiatives continued to impact the bottom line. BigBear.ai's recent contract wins and partnerships underscore its expanding influence across various sectors. The company's collaboration with Concept Solutions in the FAA’s Information Technology Innovative Procurement Strategic Sourcing (ITIPSS) contract is particularly noteworthy. This multiple-award IDIQ contract, with a shared ceiling of $2.4 billion over ten years, positions BigBear.ai as a critical partner in delivering IT solutions and emerging technologies to the FAA. Additionally, BigBear.ai’s involvement in significant projects like the DoD’s T-REX-24-2 event and its partnerships with major airports, such as Heathrow and Dallas Fort Worth International Airport, showcase its growing role in implementing AI-powered solutions in critical infrastructure. These developments contribute to a robust backlog, which stood at $266 million as of June 30, 2024. As artificial intelligence (AI) continues to reshape industries and drive technological advancements, POET Technologies Inc. (NASDAQ: POET) (TSX Venture: PTK ) is emerging as a key player in this transformative wave. Specializing in high-speed optical modules and engines, POET’s innovations are essential for meeting the skyrocketing demands of AI and hyperscale data centers. At the heart of POET’s offerings is the POET Optical Interposer, a groundbreaking platform that integrates electronic and photonic devices into a single chip. This revolutionary technology not only reduces costs and power consumption but also enhances performance and scalability—critical factors as AI systems grow increasingly complex and data-intensive. POET’s recent expansion of its partnership with Luxshare Technology Co. Ltd. underscores its growing influence in the AI sector. The collaboration will see POET’s advanced optical engines incorporated into Luxshare Tech’s 400G and 800G transceivers, catering to the high-speed communication needs of AI networks. This development follows the successful testing of POET’s 800G 2xFR4 OSFP modules, highlighting the company’s ability to deliver cutting-edge solutions that keep pace with rapid technological advancements. POET recently secured $15 million through equity capital and an additional $10 million from a registered direct offering, boosting its cash reserves to approximately $28.7 million. These funds position POET for continued growth and innovation, while its recognition as the “Best Optical AI Solution” at the AI Breakthrough Awards solidifies its status as a leader in the field. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Cambridge Consulting to assist in the production and distribution of content related to IVDA. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 Mark@razorpitch.com Company Website https://razorpitch.com/

August 22, 2024 05:00 AM Eastern Daylight Time

Navigate your Investment Roadmap with Select Sector SPDR ETFs

Select Sector SPDR

In an era where market dynamics shift as swiftly as the winds, Select Sector SPDR ETFs remain a beacon for investors aiming to harness the potential of sector-specific investments. Tailored to meet the diverse needs of both individual and institutional investors, these ETFs chart a course for strategic portfolio management by distilling the vast S&P 500 into accessible segments. Focused Investment Across Diverse Sectors Select Sector SPDR ETFs stand out by offering a focused approach to investing, breaking down the broad landscape of the S&P 500 into key sectors. This segmentation allows investors to pinpoint their investments according to specific economic areas, aligning their portfolios with their investment goals, risk assessments, and market perspectives. Below is a glimpse into the diverse holdings that form the core of the Select Sector SPDR ETFs: Communication Services Select Sector SPDR Fund (XLC): Zooms in on the telecommunications and media sectors, capturing the pulse of digital communication. Consumer Discretionary Select Sector SPDR Fund (XLY): Targets the vibrant consumer goods and services sector, from retail giants to entertainment behemoths. Consumer Staples Select Sector SPDR Fund (XLP): Focuses on essential consumer goods and services, providing stability in fluctuating markets. Energy Select Sector SPDR Fund (XLE): Powers through with a dedicated look at the energy sector, from fossil fuels to renewable resources. Financials Select Sector SPDR Fund (XLF): Encompasses the robust banking, investment, and insurance industries, the backbone of economic infrastructure. Health Care Select Sector SPDR Fund (XLV): Centers on the pharmaceuticals, healthcare equipment, and services sectors, addressing global health needs. Industrials Select Sector SPDR Fund (XLI): Broadens the horizon with manufacturing, construction, and logistics firms. Materials Select Sector SPDR Fund (XLB): Covers the foundational chemicals, construction materials, and packaging industries. Real Estate Select Sector SPDR Fund (XLRE): Opens doors to commercial real estate services and REITs. Technology Select Sector SPDR Fund (XLK): Accelerates into the information technology and electronics sectors, powering innovation and connectivity. Utilities Select Sector SPDR Fund (XLU): Illuminates the path with utility companies, ensuring the flow of essential services. A Path for Strategic Investment By offering a lens through which to invest in specific sectors, Select Sector SPDR ETFs enable investors to steer their portfolios with confidence and clarity. The ETFs’ commitment to transparency and strategic focus empowers investors to adapt and thrive amidst the ebb and flow of market conditions. In the evolving landscape of the financial markets, Select Sector SPDR ETFs stand as a testament to the power of targeted investment. Through detailed sector analysis and dedicated portfolio exposure, these ETFs offer a distinguished pathway for those seeking to refine their investment strategies with sector-specific allocations. About Select Sector SPDR ETFs Select Sector SPDR ETFs are a series of exchange-traded funds designed to provide investors with an effective way to engage in sector-specific investment strategies. By segmenting the S&P 500 into distinct sectors, Select Sector SPDR ETFs furnish investors with the tools necessary for targeted and strategic investment decisions. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007734 EXP 10/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

August 22, 2024 05:00 AM Eastern Daylight Time

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

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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

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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

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