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Tribe WOD Founders Sue Factory 14 and Razor Group, Alleging Fraud and Breach of Contract

Tribe WOD

The founders of Tribe WOD, a prominent cross-training and fitness equipment manufacturer, have filed a lawsuit against brand aggregators Factory 14 and Razor Group, citing deceit, fraud, breach of contract, unfair and deceptive trade practices, and unjust enrichment, among other offenses. The lawsuit, filed in Massachusetts Superior Court, alleges that the defendants, Factory 14 and Razor Group, failed to fulfill promises made during the acquisition of Tribe WOD. Alleged breaches of the agreement include failure to make earn-out payments as well as failing to provide access to business records – all outlined in the acquisition contract. Originating from a humble Massachusetts garage, Tribe WOD founders Alexandre Vitet and Jared Bane built their company into a $2.5 million enterprise before selling it to Factory 14, which later resold it to Razor Group. Despite promises of global expansion, enhanced marketing, access to industry experts, and potential earn-out payments, the plaintiffs argue that the defendants neglected their commitments, substantially harming the company and disregarding U.S. laws and business practices. Tribe WOD, which launched in 2019, swiftly grew to over $2.5 million in sales in just a few months, establishing strong sales channels via Amazon, Shopify, and various online platforms. This success attracted several potential buyers, with Factory 14 standing out due to its promise of multiple payments tied to Tribe WOD's annual earnings through earn-outs. The lawsuit contends that shortly after the acquisition, Factory 14 sold the assets of Tribe WOD to Razor Group, bypassing an anti-assignment provision in the original agreement. It is alleged that Factory 14 knowingly withheld information regarding this potential transaction from the plaintiffs. According to the lawsuit, Vitet and Bane had doubled revenue year-over-year and had expected to, at a minimum, match that. The lawsuit states that based on the promises made during the courtship and due diligence phase, there were immediate red flags after signing the acquisition agreement, and the situation quickly spiraled downward. Moreover, the complaint asserts that both Factory 14 and Razor Group systematically dismantled Tribe WOD, dismissing in-house creative content specialists and neglecting basic operational necessities. According to the lawsuit, Factory 14 and Razor Group failed to comply with federal and state tax, wage, and import laws and otherwise mismanaged the business financially. The lawsuit also states that the defendants had no U.S. bank account or credit card and were unable to obtain either and thus were unable to pay any of the company’s bills. The lawsuit alleges that the failure to pay basic bills led to lost revenue and the ability to serve existing customers or expand to new markets. The plaintiffs claim that their consulting agreements were prematurely terminated and allege that income from Tribe WOD was siphoned off to other businesses. The lawsuit alleges that Factory 14 and Razor Group essentially turned a thriving brand built by the founders with a rabid customer following into an Amazon seller with no identity, and loaded with unnecessary fees. The lawsuit seeks compensatory and multiple damages and injunctive relief, compelling the defendants to provide accurate and complete financial data. Interestingly, Razor Group faces a similar lawsuit in Texas, as it is being sued by the founders of Kettlebell Kings in a case with similar allegations. On its website, Razor Group states that it is trusted by leading investors Blackrock, Victory Park Capital, and Fortress among others. The Tribe WOD lawsuit was filed in Massachusetts Superior Court by Garage Sweat, LLC f/k/a Tribe Wod, LLC, Jared Bane, and Alexandre Vitet against Factory 14 UK Acquisition IV, Ltd., Razor Group GMBH, and Razor Group USA, LLC. This case has been accepted into and will be litigated in the Business Litigation Session, a business-focused sub-department of the Massachusetts Superior Court sited in Boston, Suffolk County, Massachusetts. The lawsuit can be downloaded here and at LawsuitPressRelease.com. -end- Source: Garage Sweat, LLC f/k/a Tribe WOD, LLC Contact Details LawsuitPressRelease.com John P. David +1 888-859-6637 john@LawsuitPressRelease.com

June 26, 2023 11:01 AM Eastern Daylight Time

New CEX Raises Nearly $1 Million in Funding Despite Crypto Bear Market

STORM Partners

Project Nexus, a groundbreaking platform poised to revolutionize the world of investment, has successfully raised nearly US $1 million in its funding rounds, defying the challenges of the current crypto bear market. The Nexus token, an integral component of the Project Nexus ecosystem, garnered substantial investor interest, showcasing the market’s confidence in the platform’s potential. Scheduled for an official launch in Q3 2023, the Project Nexus platform will introduce a user-friendly application that enables seamless trading of stocks, cryptocurrencies, and tokenized real estate. By offering these diverse investment options in a single app, Project Nexus aims to simplify the crypto landscape and empower users from all backgrounds to benefit from this extraordinary technology. The public sale of the Nexus Token (XOXO) is open to all and will be live until the 30th of June, 2023. It is currently priced at just $0.06 per token and is accessible to anyone with a digital wallet through the Project Nexus website. The Project Nexus team estimates a launch price of $0.08. "To stay innovative and competitive, we'll continually push the boundaries of what’s possible in the financial industry,” said Co-founder and COO Nadeem Alrabey while commenting on the company’s success. “We’ll anticipate customer needs, leverage emerging technologies, and refine our offerings to ensure that Project Nexus remains ahead of the curve, delivering unparalleled value and transforming how individuals approach financial investments.” The company has been steadily growing a passionate community of approximately 2000 enthusiasts on the popular social media channel Telegram, where investors can communicate directly with the founders and leadership team and also access exciting opportunities to earn the Nexus Token. About Project Nexus Project Nexus is transforming the world of finance and empowering everyone to invest like never before. By uniting Real Estate, Stocks, and Cryptocurrency into a single, groundbreaking platform, they are revolutionizing how people manage their finances and achieve their financial goals. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes - adrian.bono@storm.partners or telegram @STORMPartners Contact Details David Mueller +1 561-325-8757 d.mueller@projectnexus.app

June 26, 2023 09:16 AM Eastern Daylight Time

Regulatory Policies Like The Green Industrial Policy And The IRA Make ESG Compliance More Crucial Than Ever – Stay Ahead With FiscalNote’s (NYSE: NOTE) Equilibrium

Benzinga

By Jad Malaeb, Benzinga Industrial growth is acknowledged globally to be necessary for human progress, but the recent rise in greenhouse gas emissions, pollution and resource depletion has forced leaders to think deeply about the reward-risk trade-off. Products of this line of thinking include the Green Industrial Policy, which refers to a set of policies and strategies set by the United Nations Environment Programme that promotes sustainable and environmentally-friendly industrial development. It focuses on integrating environmental considerations into industrial activities, fostering the transition to a low-carbon economy and encouraging the adoption of clean and resource-efficient technologies. World leaders have adopted the Green Industrial Policy’s vision into region-specific protocols. The EU Green Deal, for example, is a comprehensive set of policies and initiatives proposed by the European Commission aimed at transforming Europe into the world’s first climate-neutral continent by 2050. Likewise, the Inflation Reduction Act (IRA), an American policy that was passed into law in 2022, grants investment and production tax credits for businesses and eligible persons who invest in renewable energy systems. The U.S. government has labeled the IRA the “most significant climate legislation in U.S. history.” Aware of the rising importance for businesses to adhere to the Environmental, Social and Governance (ESG) framework, FiscalNote (NYSE: NOTE) recently hosted a webinar discussing ESG global trends, the impact of the IRA and EU Green Deals on businesses and how these changes may affect specific industries and organizations. “I think an important, maybe, role that the industry needs to play more and more is explaining exactly a lot of the business models. I think in this conversation we’re mixing a lot of issues, and so for trying to explain how we’re going to get to clean technology, I think … we need to explain the intricacies,” said Thibaut L’Oryte, the Director of Public Affairs at AmCham EU. Since its acquisition of the SaaS product Equilibrium, FiscalNote has taken its ESG compliance services to unprecedented levels, helping businesses easily manage their ESG goals and activities. Winner of the Best SaaS Product for CSR or Sustainability award at the 2022 SaaS awards, Equilibrium is an artificial intelligence platform that helps organizations unify, manage and benchmark carbon, climate and ESG data management across their operations. Equilibrium is now part of a collection of ESG Solutions that FiscalNote offers customers. With Oxford Analytica, the FiscalNote Core Platform and the ESG & CSR Board, FiscalNote’s ESG compliance portfolio has any potential ESG solution a company could be looking for. Their portfolio covers global ESG research and analysis, ESG policy monitoring, a confidential vendor-free peer organization and Equilibrium’s unique ESG AI solution. Click here for more. This post contains sponsored advertising 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

June 26, 2023 09:00 AM Eastern Daylight Time

Futuris Company Expands With Historic Building Purchase

FUTURIS CO.

Futuris Company (OTC: FTRS ), a global leader in cutting-edge technology and innovation in the staffing and recruiting industry, is thrilled to announce its recent acquisition of a historic building in Rockville, Maryland. Situated in this historic district in Rockville, Maryland, the newly acquired building will serve as Futuris' new home office, housing its rapidly growing executive team. This strategic purchase marks an important milestone in anchoring the company’s plans and underscores its commitment to fostering creativity, collaboration, and advancement in the field of staffing, recruiting and technology. "We are incredibly excited about this significant investment in our future," said Robert Day, CEO/CFO at Futuris. "The acquisition of this exceptional building will not only allow us to accommodate our expanding workforce but also provide a collaborative space that fosters creativity." The building's strategic location in Rockville aligns perfectly with Futuris' vision of being at the forefront of the staffing industry. As part of its commitment to the local community, Futuris plans to use its expertise in staffing to create a number of high-paying jobs, and attract top talent from diverse backgrounds. Futuris plans to update and improve this historic building with sustainability in mind, and integrate numerous eco-friendly features, such as energy-efficient systems, green spaces, and ample natural lighting, ensuring a harmonious blend of functionality and environmental consciousness. Futuris is committed to minimizing its ecological footprint and creating a positive impact on the communities it operates in. The building’s proximity to world-class research institutions, leading universities, and thriving startup communities will facilitate partnerships and collaborations with like-minded organizations, further bolstering Futuris' position as a global innovation leader. With a focus on innovation, collaboration, and sustainability, Futuris strives to continue to create transformative solutions that address the world's most pressing challenges in supplying top talent to institutions. Through its cutting-edge research, a world-class team, and powerful strategic partnerships, Futuris is shaping the future and pushing the boundaries of what is possible. Media Contact: Gene Massey, gene@mediashares.com Phone: 310-871-3668 Contact Details Gene Massey gene@mediashares.com Company Website http://futuris.company/

June 26, 2023 09:00 AM Eastern Daylight Time

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Pioneering History Education Providers Announce New Collaboration with Global EdTech Leader

In the Footsteps of History

Pioneering educational providers In the Footsteps of History, creators of a tech-forward social studies enrichment program that brings world history to life through the excitement of adventure and exploration, have partnered with Lumio, the digital learning tool used by millions around the world and created by global EdTech leader SMART. Through this new collaboration, more than 20 free In the Footsteps of History lessons, including Marco Polo and the Silk Road, the travels of Ibn Battuta and the legendary city of Timbuktu, and more will be available in Lumio, making the most of its interactive and engaging resources for exciting history education. In the Footsteps of History’s immersive lessons, presented by world-famous explorers, fill a much-needed role in an often challenging subject to teach. The program’s unique mix of documentary-quality videos https://inthefootsteps.org/the-ibn-battuta/, 3D games https://3dmap-itf.pages.dev/, https://patterns-itf.pages.dev/ and cutting-edge, web-based simulations powered by Ultisim provide a valuable teaching tool for building knowledge, expanding world views, and fostering respect for other cultures. With outstanding reviews for higher engagement, improved visualization, and elevated critical thinking, In the Footsteps of History ushers in a whole new era for the social studies classroom. “The power of technology to provide students with opportunities to visit places that they would not otherwise be able to is truly impressive,” says explorer Denis Belliveau, CEO, and Founder of In the Footsteps of History. “Our hope is that this will encourage more and more youth to go out and discover the world around them.” For middle and high school social studies educators who are looking to engage students with unique and immersive lessons, Lumio and In the Footsteps of History have teamed up to create a new resource category of original content https://suite.smarttech-prod.com/lumio-library/category/i1Iqf2, utilizing Lumio’s collaborative and interactive game-based learning tools. “We are thrilled to work with the team at In the Footsteps of History to bring unique, immersive history learning into Lumio, supporting teachers and students with great content.” Says Dan McMahon, Lumio Vice President of Software. “Together, we have even more opportunities to bring learning to life and connect more students with engaging experiences.” In the Footsteps of History is presenting at ISTELive June 26-28 at booth #1466 and Lumio is presenting at booth #2718 at the Pennsylvania Convention Center. New In the Footsteps of History 'Journeys' will be rolling out over the coming months. ABOUT IN THE FOOTSTEPS OF HISTORY: In the Footsteps of History is a tech-forward social studies enrichment program of multimedia units that bring history to life through the excitement of adventure and exploration. Offered as complete units called Journeys with videos, web-based 3D games, and standards-aligned lesson plans, and augmented by additional immersive virtual reality (VR) Walkabouts, In the Footsteps of History promotes higher engagement, improved visualization, stronger comprehension, increased retention, and elevated critical thinking. For more information and free trials visit www.inthefootsteps.org or contact Lisa Taylor at 718-986-5104 or by email at lisa@inthefootsteps. About Lumio Lumio is a free, easy-to-use, digital learning tool that lets teachers transform lessons into active, collaborative learning experiences to engage students on their devices, wherever they are. With countless ways for students to engage and drive their own learning, Lumio is a perfect fit for educators who are looking for ways to increase interactivity, collaboration, and game-based learning. To learn more, visit www.golumio.com. Contact Details In the Footsteps of History Lisa Taylor lisa@inthefootsteps.org Company Website https://inthefootsteps.org/

June 25, 2023 08:00 AM Eastern Daylight Time

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Digitonic is setting new standards in Investor Relations (IR) whilst extending invitations to Canadian companies for its forthcoming trade mission.

Digitonic Ltd

Digitonic, a leading OTC Markets Investor Relations Premium Provider, is pleased to announce its upcoming trade mission to Canada. From June 26th to July 1st 2023, the accomplished Digitonic team will be visiting Toronto, Ontario and Vancouver, British Columbia offering Canadian companies the opportunity to experience the highest standards in compliant investor relations. With a significant investment of over $1,400,000 from Beach Point Capital, Digitonic is well-positioned for its latest round of innovation. This substantial funding will propel Digitonic to become the preferred partner for North American publicly listed companies seeking to engage retail investors and achieve exceptional shareholder goals. In 2022, Digitonic made a number of strategic choices by carefully evaluating the market conditions. Recognizing that the financial markets and news flow were not optimal, the company opted to forego onboarding new clients whilst rejecting multiple six-figure campaign deals. Instead, Digitonic focused on expanding its marketing channels and services, ensuring they were ready for the opportune moment when market conditions improved. This measured approach not only protected the company's esteemed brand and reputation but also laid the foundation for a new era of IR excellence. Digitonic's commitment to delivering exceptional value was evident when the company turned down lucrative acquisition offers from rival IR firms in 2022. This included rejecting proposals to acquire the highly regarded ValueTheMarkets.com website, known for its comprehensive financial news, in-depth analysis, and investing insights tailored to retail investors. While Digitonic's expertise extends beyond newsletter writing and digital marketing, it is worth noting the remarkable success of ValueTheMarkets. The website has amassed a dedicated following of over 101,000 subscribers to the company's free weekly newsletter, Investing Intel. Investing Intel provides subscribers with valuable market insights, analysis, breaking news, and exclusive under-the-radar investing signals every Monday. Additionally, it offers in-depth company deep dives twice a month. To access this invaluable resource, subscribe at https://investingintel.valuethemarkets.com. Building on recent campaign successes, the Digitonic team eagerly anticipates their visit to Canada. They will connect with existing clients, explore new prospects, and engage with industry partners across two Canadian provinces. Grant Fraser, CEO of Digitonic said, "I am thrilled to showcase Digitonic's new suite of IR services to clients, prospects, and suppliers during our highly anticipated Canadian trade mission in June. We warmly embrace the opportunity to meet with companies seeking unparalleled IR support. Our investor outreach programs, fuelled by robust news flow, have yielded exceptionally positive outcomes. The suite of services we will demonstrate includes ground-breaking content syndication techniques, state-of-the-art video AI-integrated press release initiatives, and an array of innovative strategies to maximize exposure for our clients' IR stories." Through relentless effort and innovative initiatives, the Digitonic team has transformed the way publicly listed companies engage with shareholders and retail investors. Their pioneering solutions have consistently propelled companies' market presence in the right direction. By carefully evaluating opportunities and turning down new client engagements during periods of weaker market conditions, Digitonic has established itself as an industry leader. As a result, the company is now actively evaluating potential acquisition opportunities, solidifying its reputation as a trusted partner for all good publicly listed companies. To schedule a meeting with the Digitonic team during their trade mission to Canada, visit https://mag.digitonic.app/E8tnTR. About Digitonic Digitonic is a UK-based technology-driven Investor Relations (“IR”) marketing company passionate about encouraging smart investing. The Company has an enviable reputation in North America as the most trusted partner for IR marketing, built on solid foundations of compliance, technical innovation, and a ruthless focus on results. Digitonic specialize in helping publicly-listed companies achieve and surpass their shareholder goals in a manner that protects brand and shareholder reputation. It provides a range of IR marketing services that combine high-quality, engaging content, pioneering technology, and industry best practices to raise awareness and drive investment into a company. The Company’s services include two different types of engagement: always-on marketing and campaigns. Always-on marketing promotes investor acquisition, engagement, and retention at any time of the year, while campaigns drive short-burst activity and generate an immediate impact around great news flow. Digitonic owns ValueTheMarkets.com and is a Premium Provider to the OTC Markets. Contact Details Grant Fraser +447967302780 grant@digitonic.com Company Website www.digitonic.com About Beach Point Capital Beach Point Capital is a multi-strategy investment manager making credit, private equity, real estate and structured product investments. As of December 31, 2022, Beach Point Capital manages $14.5 billion in AUM on behalf of sophisticated global institutional investors. The firm employs a flexible, value-oriented, and risk-controlled approach and focuses on complex and less followed opportunities. Headquartered in Santa Monica, CA, the firm also has offices in New York, London, and Dublin. Company Website www.beachpointcapital.com Contact Details Grant Fraser +44 7967 302780 grant@digitonic.com Company Website https://www.digitonic.com/

June 23, 2023 06:33 AM Eastern Daylight Time

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Gamelancer teams with technology giant Samsung Canada for connected home experience

Gamelancer Media Corp

Gamelancer Media Corp CEO Jon Dwyer joined Steve Darling from Proactive to share news the company has announced a partnership with Samsung Canada for an ad campaign called the SmartThings Connected Home Experience. The company says this campaign will showcase the company’s expertise in digital media, entertainment, and production. Gamelancer's unique approach combines their network of channels with their production studio, allowing them to create high-quality content for both television and digital platforms. Dwyer telling Proactive the campaign will bring live experiences to the Samsung Experience Store at the Eaton Centre in Toronto. Customers will get a chance to look at what a connected home may look like. In fact, the upper floor of the Samsung Experience Store will include a living room, home office, home gym, and kitchen, all decked out with Samsung products and how they can be used. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

June 22, 2023 01:21 PM Eastern Daylight Time

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FTN Network Launches “The FTN Fantasy Show” on SiriusXM

FTN Network

The FTN Network, a data company exclusively built for delivering affordable, customizable, and highly detailed and accurate data for betting, season-long fantasy and daily fantasy, announced today the debut of its new SiriusXM Fantasy Sports Radio show, “The FTN Fantasy Show.” The show will be hosted by fantasy experts Jake Ciely, Chris Meaney and Lauren Carpenter, and will run from 9 - 11 a.m. ET every Saturday, beginning July 8, 2023 on SiriusXM channel 87. During each episode, hosts Ciely, senior writer for The Athletic, Meaney, Head of Media for FTN Network, and Carpenter, FTN Fantasy Analyst, will discuss fantasy football the way it should be: fun, insightful and daringly candid. The trio won't just deal takes; they will share their knowledge to help the viewer advance as a fantasy manager. Whether they need to "make a list" or debate milk before cereal, you will be laughing, as well as improving as a manager, with every show. “At FTN, we strive to be people’s go-to source for trusted, accurate and dependable fantasy football information and statistics,” said Kevin Adams, CEO and Founder of FTN Network. “Getting our own show on a platform like SiriusXM is an incredible opportunity to create a value-add for our diehard user base and introduce our brand and product to a massive new, and highly engaged, fantasy sports audience.” In May 2023, FTN announced its significant growth in Q1, stemming from a 54% increase in web traffic (year-over-year) across the FTN network of sites. Its 2023 subscription revenue was up 34% (year-over-year) across the FTN network of sites. For more information on FTN’s products and services, please visit its network of sites: FTNFantasy.com, FTNDaily.com and FTNBets.com. About FTN Network FTN Network is a sports data B2B and fantasy sports and betting media B2C company. Founded in 2020, FTN gives the fantasy and sports betting community an edge through their own unique ecosystem - providing customizable tools that turn raw data into true insights while also offering expert analysis and content to help users make the best decision possible. FTN Network consists of FTN Fantasy (the home of fantasy football), FTN Daily (the home of daily fantasy sports), FTN Bets (the home of sports betting insights) and FTN Data (the home of NFL data). Contact Details Sterling A. Randle +1 801-319-6153 srandle@hotpaperlantern.com

June 22, 2023 09:02 AM Eastern Daylight Time

Watchdog Group Blasts Sweetheart Plea Deal with Hunter Biden

National Legal & Policy Center

The National Legal and Policy Center (NLPC), an ethics watchdog group, blasted the lenient plea agreement between the U.S. Attorney for the District of Delaware David Weiss and Hunter Biden whereby Hunter will plead guilty to two misdemeanor tax violations with no jail time and have a felony gun registration charge dismissed in a pretrial diversion program. Following the five-year long investigation, no charges were brought against Hunter under the Foreign Agents Registration Act (FARA) for engaging in political activities on behalf of Burisma and Chinese interests, despite overwhelming evidence which NLPC had presented to the Justice Department in 2020. Hunter will plead guilty that he willfully failed to pay taxes “over $100,000” in both 2017 and 2018. By pleading guilty to two misdemeanors rather than two felonies for tax evasion, the sentence for misdemeanors ranges from probation to one-year prison sentence. The prosecutor has agreed to ask for probation for the tax charges. Notably, the charging documents don’t specify how much “over $100,000” Hunter owed for each year. Last year, it was reported that Hollywood attorney Kevin Morris lent Hunter over $2 million to pay his back taxes and for living expenses, suggesting that it was much more than $100,000 owed for each year. In any event, U.S. Sentencing Guidelines call for prison sentences of approximately 15-21 months for this level of offense. Allen Weissenberg, Donald Trump’s Chief Financial Officer, received a 5-month prison sentence for failing to pay taxes on company fringe benefits, a violation less serious than Hunter’s failure to pay taxes. “It’s outrageous that after a five-year investigation of Hunter Biden, the best that the prosecutor can come up with is a couple misdemeanor charges and then agree to a slap on the wrist as punishment” said Paul Kamenar, counsel for NLPC. “Hopefully, the House Oversight Committee will pursue evidence of bribery and foreign money influence of the Biden family,” Kamenar added. “Charging Hunter on his failure to file as a foreign agent would have been a no-brainer. David Weiss is going to look pretty stupid if there’s an even bigger bribery scandal.” said Peter Flaherty, Chairman of NLPC. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Please visit www.nlpc.org. ### For more information or to schedule an interview with an NLPC spokesperson, please contact Dan Rene at 202-329-8357 or drene@nlpc.org ### For more information or to schedule an interview with an NLPC spokesperson, please contact Dan Rene at 202-329-8357 or drene@nlpc.org Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

June 21, 2023 03:16 PM Eastern Daylight Time

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