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Minuteman Press International Founder & CEO Bob Titus Reflects on 50 Years in Business

Minuteman Press International Inc

In 2023, Minuteman Press International is proud to celebrate 50 years in business! The first Minuteman Press center opened in Plainview, NY in 1973. Roy Titus, founder of Minuteman Press along with his son Bob Titus, decided to open the shop after running a successful operation for Parent’s Magazine. While working with other printers for Parent’s Magazine, Roy realized that the printing industry was a huge market that had untapped potential. In 1973, that first Plainview shop served as a quick printing operation that filled the need for 1-color, short-run orders that needed to be done fast. From there, Roy tapped into the potential of the industry, creating the first one-stop Minuteman Press design, marketing, and printing center. Products and capabilities expanded, and over the past 50 years, Minuteman Press has continued to be at the forefront of the printing industry as leaders and innovators. It all started with that first Plainview shop in 1973, where Roy, along with his son Bob and childhood friends Jim Galasso and Dave Scadin, laid the foundation for the worldwide franchisor that Minuteman Press International is today. Bob Titus, who remains our CEO today, shares his thoughts, experiences, and memories of what it was like laying the groundwork in 1973. What was it like working in the Plainview shop in 1973? Bob Titus: “Jimmy Galasso and I ran the shop together, and a couple of months later we brought in Dave Scadin. I have known both of them since I was 6-years-old. I came home from college, and Jimmy was working at a sporting goods store. He came to our house and when my dad offered him the job, he said yes. We needed someone else down the road, and that’s when Dave joined us after working for the Town of Oyster Bay. Originally, Dave was making deliveries for us, but one day our press broke. Dave came into the shop and told us to get out of the way. He fixed the press and from that point forward he was our press operator. Over the years, we’ve had 36 people from Oyster Bay High School and St. Dominic’s High School work with us. It all stemmed from us as childhood friends working together and then expanding from there. It’s been an incredible ride.” What was it like working with your dad Roy Titus? How did you get started running the shop? Bob Titus: “My dad and I didn’t work in the shop together but he would come in and give us great ideas. He was really smart, and did things like start our marketing program and add pickup and delivery as a service to our customers. For me, this all started with my dad hiring an old-time printer named Tom, who taught me and Jimmy Galasso how to run the press and do bindery work. One day, a real estate customer came into the Plainview shop and my dad happened to be there. They wanted flyers printed and delivered down the street to their office once the job was done. Tom said we don’t do delivery, and my dad stepped in and said that yes, we’ll deliver the job once it’s finished. Tom said we wouldn’t want to get into delivery, and Roy disagreed. My dad saw this as a great service we could provide that would make it easy for customers to do business with us. He also decided that we don’t have to wait for customers to come in, and that we can go to the customers ourselves. At the time, the huge commercial printers were looking for home run clients, and they were not going door to door. We started going door to door, starting in the retail area, and we were picking up business.” “The two biggest things we did to really get the shop going strong were: Marketing to the customers, going to them and not waiting for them to come to us; Adding pickup and delivery options at a time where others just weren’t doing that. My dad always told us to never say no to the customer. No matter what the customer wants, get it for them.” -Bob Titus How did Minuteman Press originally grow from there into a franchise? Bob Titus: “First, our Plainview shop went from an AB Dick 1-color press to an older Multi-Graphic Press that really improved the quality of the work we were doing. When we opened the second Farmingdale store, we purchased a new Multi-Graphic Press along with our first 3M camera that lead to us implementing the franchise model for other shops. We found that the 3M company invented a plastic plate camera where the plastic plates would cost about the same as a paper platemaker. The plastic plates allowed for metal plate quality that wouldn’t stretch and allowed for 2-color printing. The salesman told us the camera could help us produce 2, 3, and 4-color printing with plastic plates that don’t stretch like paper plates, and he was right. The cameras did everything the salesman said they could do. We first hired Mike Jutt as our press operator for the Farmingdale shop, where we first used the press with the 3M camera. He did a great job and the Farmingdale center became the prototype for the Minuteman Press franchise. When we started franchising, we asked Mike to create the training program to teach the owners our system. He created and implemented the training program, and he’s done an absolutely fabulous job for 50 years. Mike ultimately became our Executive VP & Director of Training, and is still going strong today.” “I want to share one quick story from our Farmingdale shop. This speaks to the importance of being involved in the community and joining local clubs and organizations. At that time, Farmingdale merchants held their Hardscrabble Day. Families would come to the event and one year, they needed to hire a clown at the last minute. My dad volunteered to pay for the clown, who would blow up balloons for the kids and put smiles on their faces. The families were happy, the merchants saw us as saviors for stepping in to help, and many of them started using us for their printing. That $50 investment and ‘saving the day’ lead to a lot of business.” -Bob Titus “Because the press and camera worked so well in Farmingdale, my dad ordered another one for our Plainview shop, and then a third one. When the head honchos at 3M saw that we had purchased 3 cameras in 6 months, they paid us a visit to see what we were doing. On their end, they were having trouble selling the cameras because other printers were reluctant to change. They said we had a terrific idea for using these cameras and suggested we franchise. 3M really believed in our concept and our program, and so they offered financing to new owners. They allowed the owners to form a shell corporation so that they wouldn’t have personal liability. We then went to a franchise show at the NY Coliseum, just looking to put people into business in the Tri-State Area, and we would support those owners. At that show, we had one prospect who wanted to open in Boston, and another one who wanted to open in Los Angeles. At first, we said no to going out of state, but they were persistent. At that point, my dad reached out to six quality people who had worked for him in the past, who had sons that were around my age. My dad felt this would be a great business for a father and son, and he was able to hire them. He had them go to six different cities - Boston, Cleveland, Chicago, Atlanta, Denver, and Los Angeles – and hire a press operator. They ran these Minuteman Press shops with the press and 3M cameras, and followed our business model. Then, they franchised and supported the new stores that opened around them while also working in their own shops. As these cities expanded with more franchises, we could no longer run our own stores while supporting the new owners. That is when we made the decision to sell those original shops we owned and support the owners full-time. We had the press operator, the marketing person, and the regional vice president for those locations, and that’s how our local support teams were originally formed. Ultimately, we sold hundreds of 3M cameras, and they also were able to sell the ancillary materials needed for those cameras. This really helped us get going as a franchise, and the company-owned stores became profitable very quickly because of the new marketing program we introduced. As we generated more and more business and sold those satellite stores, that’s how we created the support teams that laid the groundwork for our regional teams today.” What are some the key ways that Minuteman Press has evolved over the years? Bob Titus: “One of the biggest changes we’ve ever made was when my dad introduced the royalty cap to our owners around 1977-78. The owners thought we were crazy, but what happened is that this really incentivized our owners to sell more and more. At the time, we saw owners who were making 15K/month at the time start selling 20, 30, 40K, 50K. My dad sent them a letter and told them to act as if you’re paying the full royalties, and use that money to reinvest and build the business. Many of our owners bought into this idea. They appreciated the royalty cap but also understood how important it was to hire that extra marketing person, or add that piece of equipment, etc.” Other key changes Bob noted are: We originally created manual price lists that went from 50 to 1,000 copies, for 1-color printing on 8.5 x 11, 8.5 x 14, or 11 x 17. Eventually, we decided to develop pricing software. Our original pricing software was on a Tandy 1000 from Radio Shack. It was developed by an owner in Dallas, Texas, who had a computer background and previously worked for EDS (Electronic Data Systems). We then hired IT people to create our first software program. This laid the groundwork and planted the seeds to what is the incredibly dynamic FLEX pricing and management software today. When copiers were invented in the 1970s, people wrongly predicted that all of the printers would go out of business. Instead, when Xerox machines were introduced, printers bought the machines and grew their sales. To this day, our partnerships with Xerox and Konica-Minolta have been a tremendous asset to our owners. Everything we’ve done / added from a products and services standpoint has worked. We would add new products based on what our owners would be farming out. That’s how we added apparel and promotional products, as it just made sense to add those based on what they were selling. Other key changes and points of growth include direct mail / EDDM, digital printing, wide format printing. “We started this business by filling a void for our clients. To this day, we continue to fill that void in different areas that make sense and meet their needs.” -Bob Titus Is there anything else you’d like to share? Bob Titus: “My dad was president of Minuteman Press for the first 20 years, and we were in pure growth mode in terms of opening new franchise locations. We expanded from the USA into Canada, and I even ran the Toronto office for two years. For the next 25 years of our history, I was president of the company. We expanded even further internationally to the UK, Australia, and South Africa. I felt that my job was to improve on existing services and add services that made the most sense for our owners. We would conduct studies and see what’s next, then implement new items to benefit our owners. Everything we did and still do, we always try to think of how we can best help them. For over 3 years now, my son Nick has been president of the company. He took over for me just 3 months before the pandemic. Looking back on it now, this is one of the best decisions we made to elevate him to president when we did. There is no way I could have carried us through the way he did. Everything he did and everything our team did was just tremendous. There were daily communications, the Bounce Back program, and so much hard work and dedication. His vision helped all of us adapt. Even though I already knew this, it just assured me that everybody’s in great hands.” Bob concludes: “Looking back, I think of the longtime owners that helped us build the company. And then I think of every owner out there who has since helped us build, whether they realize it or not. We are all like family, and we’re in this together. Let me also say that what makes me feel so gratified is when the business is turned over from parents to their kids. It’s always such a great feeling to see a business that people worked really hard to build carry through to the next generation. I know that from experience, as both a son and as a dad. Over 50 years… it’s certainly been an incredible ride.” For more information on Minuteman Press products and services and to find your local Minuteman Press franchise, visit https://minuteman.com. To learn more about #1 rated Minuteman Press franchise opportunities, visit https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

February 14, 2023 10:00 AM Eastern Standard Time

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Multi-Factor Authentication – Benefits, Risks, And How You Can Get The Most From It To Ensure Your Organization's Data Is Secure

BIO-key International, Inc.

By Gita Karunakaran, Benzinga Cyberattacks are on the rise everywhere today, with organizations and individual account passwords routinely targeted by hackers – especially where accounts are vulnerable due to a lack of additional layers of protection beyond the traditional password itself to help keep them secure. According to Microsoft's Digital Defense Report 2022, the volume of password-based attacks has risen to an estimated 921 attacks every second – representing a 74% increase in just one year. This is why companies in the cybersecurity space like BIO-key International Inc. ( NASDAQ: BKYI) that provide Identity and Access Management (IAM) solutions to enterprises look to Multi-factor Authentication (MFA) as a mandatory minimum standard when designing solutions to prevent unauthorized access to company systems. The increasing widespread awareness of cybersecurity risks has propelled many companies to embark on their IAM journey by implementing a strategy that includes a variety of authentication methods that meet necessary requirements in security, usability, and flexibility. What Is Multi-factor Authentication? Multi-factor Authentication (MFA) is a core component of a strong IAM strategy. It’s an authentication method that requires the user to provide two or more verification factors to gain access to an online system or account, which helps decrease the likelihood of a successful cyber attack. The main benefit of MFA is that it would enhance an organization's security by requiring users to identify themselves using more than just a username and password. Passwords continue to be the weakest link in the chain and remain vulnerable to brute force attacks or theft by third parties. Having an MFA solution is therefore able to reduce the probability of hackers gaining access to company systems and accounts. MFA may be based on a combination of two of three different types of authentication factors, including: Things you know, such as a password or PIN; Things you have in your possession, such as a token or smartphone; Things you are, such as biometrics like fingerprints, palm, face, or voice recognition. The options chosen by each organization may depend on their risk appetites and budgets – but what is certain is that the cybersecurity and MFA market is poised for appreciable growth. The global MFA market was valued at US $10.3 billion in 2020. The market is estimated to expand at an impressive CAGR of 16.08% from 2021 to 2031 and is expected to exceed $51.37 billion by the end of 2031. Some of the key players in the Multi-factor Authentication market include Broadcom Inc. (NASDAQ: AVGO), Duo Security Inc. (private), Cisco Systems Inc. (NASDAQ: CSCO), ForgeRock Inc. (NYSE: FORG) and Entrust Inc. (TYO: 7191) MFA Is Great, But What About MFA Fatigue? As MFA continues to gain prominence across the business landscape, it is seemingly becoming increasingly vulnerable to exploitation by cybercriminals. While there is no doubting the merits of MFA over mere password protection, MFA needs to be managed properly in order to avoid a phenomenon known as“MFA fatigue”. Even though having an MFA in place is a step in the right direction to stronger security, the process can become tiring and tedious on account of the multiple additional PINs, codes, and push notifications, instead of only a username and password that users needed to recall previously. This could result in MFA fatigue among users. Cybercriminals who manage to hack into passwords are able to generate repeated push notifications in what is known as a brute force attack. While some users will be diligent all the time, MFA fatigue can result in some users inadvertently approving a push notification and granting full access to the hacker. BIO-key May Have A Highly Secure And Nearly Fail-Safe Solution According to BIO-key, although most organizations have begun to implement a variety of MFA methods as part of their IAM strategy, the best outcomes can only be achieved by deploying a cohesive solution across the entire organization. Deploying disparate solutions would make the proposition unnecessarily expensive and difficult for IT teams to manage. BIO-key boasts flexible Identity and Access Management solutions that are integrated with their unique biometric authentication option – Identity-Bound Biometrics – making it easy for organizations to secure access using fingerprint, palm, and facial scanning. BIO-key’s single, unified IAM platform, PortalGuard, provides security solutions for a wide range of use cases and business initiatives, with Multi-factor Authentication, Single Sign-on, and Self-service Password Reset abilities. MFA with PortalGuard could be the most efficient and secure solution, says BIO-key – allowing organizations to consolidate and aggregate existing methods under a single, unified IAM platform, with the ability to add more powerful authentication methods like Identity-Bound Biometrics to further strengthen their cybersecurity as necessary. To learn more about BIO-key’s MFA solutions, visit the company webpage. This article originally appeared on Benzinga here. BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software managing millions of users. Its cloud-based PortalGuard IAM solution provides cost-effective, easy to deploy, convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's patented software and hardware solutions, with industry-leading Identity-Bound Biometric (IBB) capabilities, enable large-scale Identity-as-a-Service (IDaaS) solutions, as well as customized on premises solutions. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Catalyst IR- William Jones, David Collins +1 212-924-9800 BKYI@catalyst-ir.com Company Website https://www.bio-key.com/

February 10, 2023 08:45 AM Eastern Standard Time

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Since Elon Musk’s Takeover, Twitter Has Seen a Rapid Rise in Gen-Z, Neo-Nazi Antisemitism, New Study Shows

Combat Hate Foundation

A study by the Combat Antisemitism Movement (CAM) and the Network Contagion Research Institute (NCRI) has demonstrated that extremist elements have viewed Elon Musk’s takeover of Twitter as an opportunity to rejoin the social media platform en masse. The study also indicates that a sea change is taking place on Twitter with respect to the proliferation of extremist antisemitic content. Much attention has been paid to Kanye “Ye” West’s antisemitic tirade, and indeed NCRI/CAM’s data finds his remarks triggered a significant increase of 136% in toxic comments, threats, and identity attacks in tweets pertaining to Jews on the platform. Furthermore, the data suggests that the influx of extremist activity onto Twitter began far before West’s statements, with an organized effort of extremist communities like the Gen Z, neo-Nazi “Groypers,” led by white supremacist Nick Fuentes. The report finds they acted as a vanguard: anticipating, planning for, and capitalizing on Musk’s acquisition of Twitter to popularize and disseminate hateful content. They did so with the expectation that Musk would provide a more hospitable platform for their brand of extremist content, joining Twitter at a rapid rate. This report comes on the heels of Twitter briefly reinstating Fuentes’s account in late January, the only mainstream social media platform that has allowed his activity. Within hours of being reinstated, Fuentes’ second tweet was a video showcasing “ye24” and “Death Con 3,” a nod to West’s October tweet where he said he was going to go “death con 3 on the Jewish people.” Using machine learning, natural language processing, open-source investigation of social media content, graph and time series analysis, and econometric techniques, NCRI examined how an antisemitic transformation has taken shape on Twitter and how these changes might relate to physical-world, antisemitic incidents. Combining CAM's expertise in identifying emerging antisemitic trends with NCRI's proprietary technology, insights are drawn from vast amounts of data across social media platforms in near-real time to uncover contemporary antisemitism on social media, and its real-life consequences. Neo-Nazi Groyper accounts joined the platform first in response to Musk joining the board of the company, then surged to their highest levels (~2,000% growth) on April 15th, with the announcement of his purchase offer. Notable spikes also accompanied Musk’s formal acquisition of the platform (~1,000%) and the reinstatement on Twitter of former U.S. President Donald Trump. Baseline levels of new Groyper accounts continuing to join the platform have also surged and remained elevated by over 200%, suggesting sustained growth in Gen-Z neo-Nazi Groyper activity on Twitter. “Since Elon Musk acquired Twitter, it has become not only a safe space for hate, especially antisemitism, but also a vector for its spread,” said Sacha Roytman Dratwa, CEO of CAM. “Many white supremacists and other extremists have perceived it as a place where there is permission to incite, and even a single tweet from someone like Nick Fuentes or Ye has to the power to sow seeds of hate for years to come. It is a very real and tangible threat.” Since Twitter accepted Musk’s offer in April, monthly references to tropes about “Soros” and “Globalists,” which are often antisemitic, have nearly doubled. This is of great concern, as the NCRI/CAM now characterizes online antisemitism as an upstream predictor of real-world incidents. In fact, these impacts have emerged in tandem with a surge in real-world antisemitic activity, and the data suggests key antisemitic conspiracy terms on Twitter both correlated with and were useful for forecasting these activities. “There is almost a horseshoe effect mobilizing against the Jewish people, with white supremacists, Black Hebrew Israelites, Islamists, and others working together on the only cause that unites them -- a hatred of Jews,” said Joel Finkelstein, Chief Science Officer and Director at NCRI. One example was from November last year when Christopher Brown (@vrilgod) replied to a heated argument on Twitter about the history of the transatlantic slave trade with the claim “Jews owned the ships.” Later that same day, Brown was arrested at New York City’s Penn Station carrying a “large 8-inch military-style knife, a blade longer than 4 inches, a Swastika arm patch, and a ski mask,” in connection to threats against a synagogue in the city. The tweet was subsequently uncovered, after being deleted, on the NCRI’s platform. Brown -- a white male linked to online neo-Nazi groups -- had used a trope common to the Black Hebrew Israelites. His quip on Twitter and subsequent planned terror attack shows the convergence of different racial hatreds in new, unexpected ways that appear to be growing in popularity and attention, with a rash against Jews taking place in the physical world. To view the full CAM/NCRI report on Twitter and its responsibility for a rise in antisemitism, click here. The Combat Antisemitism Movement (CAM) is a global coalition engaging more than 650 partner organizations and two million people from a diverse array of religious, political, and cultural backgrounds in the common mission of fighting the world’s oldest hatred. CAM acts collaboratively to build a better future, free of bigotry, for Jews and all humanity. Contact Details JDA Worldwide +1 615-473-0794 Press@jdaworldwide.com Company Website https://combatantisemitism.org/

February 08, 2023 01:32 PM Eastern Standard Time

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Alan Schneider Celebrates 15 Years as Owner of Minuteman Press Franchise in Northvale, NJ

Minuteman Press International Inc

The Minuteman Press franchise in Northvale, NJ has been operating for over 40 years. Alan Schneider and his wife Nadine are celebrating 15 years as owners and share their insights and reflections. Minuteman Press in Northvale, NJ is located at 202 Livingston Street, Northvale, NJ 07647. Congrats on 15 years! What does this milestone mean to you and what are the keys to your success and longevity? Nadine and Alan: “This is a tremendous milestone for us. Although we have hit this milestone in our tenure, the shop has been in business for over 40 years in this community. We are well known and very involved in the town. For years, people were saying the printing industry was dying. Then the pandemic hit and I think everyone feared a little bit for the future. However, I have to say that I never expected the bounce back from the pandemic to be such a boon for business. I think people realized that community is important, supporting local business is important, and although online marketing has a place, it’s not the only game in town. Print is still king. The keys to our success and longevity are: providing a warm and friendly place to do business; being knowledgeable about our products and services; letting our clients know that their success is important to us and we are here to help them; caring about our clients as people—not just as customers; and, most importantly, reliability and integrity.” What are some of the key ways you’ve grown your business? Nadine and Alan: “Believe it or not, the pandemic was a blessing for our business. It forced us to take critical look at how we were operating. We took a hard look at our numbers, and strategized on what we could do better in both operations and marketing. On the operational side, we cut out some of the fat and streamlined things where needed.” Alan: “My wife, Nadine, has an MBA in marketing and has owned a marketing and graphic design business for 15+ years. She joined me in our Northvale, NJ location and is providing all the graphic design services. Not only was this a strategic financial/operational move, it was the best marketing move we could have made. We are now truly a marketing, design and printing company – a one-stop shop!” Nadine and Alan: “Our clients are provided with a free consultation on the best ways to market their business. We do the strategy, design and printing. When the clients see the results, they come back for additional products and services—and they tell their friends! The savings we realized from our reduction in payroll was also reinvested in the business by increasing our participation in the SEO/Internet marketing program. We are starting to see an uptick in our internet leads! A couple of other cool things… Last year, we expanded our marketing strategy by promoting ourselves as a local family business. Our holiday cards now feature our family photo – myself, Nadine, and our 4 grown children. The theme is, Family is everything. We appreciate you being part of ours. I can’t tell you how many compliments we received on that card. People feel like they know our family, and always ask how our kids are doing. This year, we will be planning a marketing program to celebrate my birthday on October 26 th. Why? Because we found out that it’s also National Printing Day! We are going to have a lot of fun with that. We also do a lot of in-person networking by being active in our home and business communities. We are BNI members and directors, are involved with many not-for-profits, serve on the boards of the local Chambers of Commerce, and are Auxiliary Police Officers in our hometown. We are always visible helping the community in whatever way we can.” What are your high-demand products and services? Nadine and Alan: “We do a ton of direct mail, particularly EDDM. Although the program has been around for years, it’s really been gaining traction since the pandemic. Once our clients see how well direct mail works for them, they either expand their reach or frequency…or both. We help them build their customer lists as a result of their EDDM efforts, then assist them with targeted direct mail programs to these new customers. We are proud to say that many of our clients credit us with helping them build their businesses through direct mail. They refer to us as the direct mail experts! We also began heavily promoting branded apparel. It’s featured in the front of our store, and we make a point of mentioning it to our clients when they come into the shop. Once we learn about their business, we suggest what types of apparel and promotional items they may want to consider to boost their brand awareness.” What are your key growth areas? Nadine and Alan: “Again, direct mail and apparel are huge for us. Design as well. Our previous graphic designer was more of a layout/production person. Nadine is a true creative. Everything we do for a client now has a marketing strategy behind it, and a creative, eye-catching design. Clients who come in with their ideas are truly blown away by how we bring their visions to life. One successful campaign for a client usually snowballs into more business—and more referrals! But our true measure of success is knowing how we are helping our clients grow their businesses.” How would you best describe your community? Nadine and Alan: “Northvale, NJ is one square mile in area, right on the New York State border. The community is comprised of mostly residential homes, a small downtown with shopping and a handful of light industrial/manufacturing. Since it’s a small-town area, we focus on serving the local trades, retail stores, restaurants, professional services and industrial businesses. We have also built a client list outside of our small regional area by creating relationships with professionals that can provide us with ongoing business.” Why do you think printing remains so vital to businesses today? What are the benefits of print? Nadine and Alan: “Several years ago, email marketing became extremely popular because it was free. Today, in-boxes are flooded with messages that are deleted before they are even opened. A wasted marketing effort, even though it is ‘free.’ With print, your message is tangible. A direct mail piece in someone’s mailbox is handled – even if it is eventually discarded. Someone saw it, and handled it. Print is the ultimate conversation-starter. Hand someone a brochure, mail them a postcard, or even embroider your company name on your polo – and you are now visible to them. The most successful businesses rely on print for the majority of their marketing, so it is definitely here to stay.” What was your background before franchising? Alan: “I owned a food distribution company prior to owning a Minuteman Press. I wanted something new, but I still wanted to be a business owner. I chose Minuteman Press because of the company’s reputation for training and support of its franchisees. Also, printing is a consumable business which means repeat business.” What has the support from Minuteman Press International been like for you? Nadine and Alan: “Pick up the phone, send an email, and someone is there to help. The conventions are invaluable. We always come back learning something new, whether it’s from corporate or fellow owners. We look forward to seeing everyone, and meeting new people. It’s like a family reunion! We’ve also come back with new vendors to try which really had an impact on our business.” What are the biggest rewards of owning your business? Nadine and Alan: “Being an integral part of other people’s businesses and helping them achieve their goals. Also, being part of the community.” What advice would you give to others? Nadine and Alan: “Be professional and be persistent!” Minuteman Press in Northvale, NJ is located at 202 Livingston Street, Northvale, NJ 07647. For more information, visit their website: https://minuteman.com/us/locations/nj/northvale/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

February 06, 2023 11:00 AM Eastern Standard Time

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AI-Generated Cover Art and Article Surprise Readers of NCMA’s Contract Management Magazine

National Contract Management Association

Only by reading to the end of “AI Is Coming for Contracting,” the February cover story, did Contract Management Magazine readers learn the truth about author Annaliese Trenchfield. “She” was an amalgam of generative artificial intelligences. In a first-ever test, the editors of the National Contract Management Association’s (NCMA) flagship magazine used Open AI’s DALL-E2 to create the cover image and the same company’s Generative Pre-trained Transformer 3 (GPT3) model to write the cover story. “What better way to bring home to government and industry contracting professionals AI’s growing potential to alter their work and careers than by showing them what it can do?” said NCMA CEO Kraig Conrad. “The slightly ominous nature of the cover art was intentional,” he added. “All of us quickly must adjust to AI augmenting our work. But as “Ms. Trenchfield” made clear, rumors of human replacement are greatly exaggerated... for now.” The cover package details current AI applications in government contracting. It was brought to life by Contract Management Editor in Chief Anne Laurent with the support of John Ferry, CEO of Trenchant Analytics, (TAC), which is prototyping an AI-powered contract writing application, AcqBot, for the Department of Defense. “I had seen Cosmopolitan magazine’s DALL-E2-generated astronaut cover, and I thought, why not go all the way, and have AI generate a cover image and story about AI in contracting,” Laurent said. “Almost immediately after ChatGPT went public last November, contracting folks began musing on social media about using at work. So, I knew there was an appetite for exploring AI.” Just a day after Laurent posted it on LinkedIn, the cover package had attracted thousand of impressions, the equivalent of going viral for an article about contracting. “It was averaging 100 hits an hour for the first day or so,” she said. “My post didn’t give away the surprise, but I did advise people to read all the way to the end of the story where Trenchfield’s “bio” appeared.” Ferry, who prompted DALL-E2 to produce the cover illustration and article, generated 1,580 images to find the cover image. “Each prompt produces four images, so that comes to 395 individual prompts,” he said. Like many ChatGPT users, Ferry quickly discovered the limits of AI language models. Asked to write about the use of robotic process automation in government and provide web links and citations, “GPT-3 gave me 50 or more very official-sounding system names complete with acronyms, military service sponsors, and website links. All were completely fictitious,” he said. View the full February issue. For more on the story behind the February cover, look for the March issue of Contract Management, coming soon. # # # The National Contract Management Association (NCMA), founded in 1959, is the world's leading association in the contract management field. With more than 18,000 members, NCMA is dedicated to the professional growth and educational advancement of procurement and acquisition personnel worldwide. NCMA strives to serve and inform the profession in government and industry by offering opportunities for open exchange of ideas in neutral forums. NCMA's Contract Management Standard is the foundation of foundation contracting training for the entire U.S. government. To learn more, please visit www.ncmahq.org. Contact Details Dominick Belfiore, Director of Operations and Special Projects +1 571-207-5151 dominick.belfiore@ncmahq.org Company Website https://www.ncmahq.org/

February 06, 2023 10:30 AM Eastern Standard Time

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NASDAQ-Listed HeartCore Inc. Looks Back On The Past Year With Pride

HeartCore Enterprises

By David Willey, Benzinga As the market settles into its new year, companies are gearing up for the fresh challenge of a new quarter and are looking to build on the successes of the past twelve months. Software-as-a-Service (SaaS) company HeartCore Enterprises Inc. (NASDAQ: HTCR) may have every reason to look back with pride as it takes stock of a previous year filled with exciting developments that could point to a promising 2023. The looming recession has given the 2022 market its share of difficulties, but Japan-based HeartCore has had some wins throughout the year. A digital transformation, customer experience management and IPO consulting company, HeartCore has established itself in a software business and services market worth over $121 billion. Other companies in the space include Infobird Co. (NASDAQ: IFBD), Zendesk (NYSE: ZEN) and HubSpot (NYSE: HUBS). The first half of the year saw exciting developments for the company as HeartCore became only the third Japanese company to list on the NASDAQ market. It has since launched “ Go IPO ” - a consulting service to help other Japanese companies navigate the complex processes of making an initial public offering (IPO). As part of its consultancy expertise, HeartCore signed a consulting and services agreement with SBC Medical Group, Inc. (SBC) to aid in SBC’s uplisting process. The company expects to generate $900,000 in sales fees through this and several similar service agreements. Looking Back On 2022 - And Forward To 2023 As per the company’s Q1 report for 2022, the company saw a gross profit increase of 74%, gross proceeds from the IPO totaling $15 million, and a global enterprise customer base increase to 858 over the first quarter. Confident in the trajectory of the company’s growth, the board then authorized a share buyback of $3.5 million. The company launched a couple of major products and services over the year, including its e-commerce Robot Store which provides Robot Automation Processes (RPA) services. These RPA bots are part of HeartCore’s digital transformative services to help clients automate and integrate key tasks, such as invoice processing, employee onboarding, ERP data entry, and more. It also launched its truRes-12K. The company says this product is the first 360° real-time virtual reality (VR) camera that is compatible with 12k resolution. Compared with alternative cameras that capture in 4 or 8k, the product offers a high-resolution VR experience which the company especially markets to the medical, manufacturing, aerospace, e-commerce and travel sectors. HeartCore also recently acquired the American information technology (IT) company Sigmaways. This important acquisition represents a vertical integration for the company, providing HeartCore with in-house solutions it previously outsourced. It extends the company’s digital solutions, and both companies profit from cross-selling and upselling to their respective client bases. At the end of October, the company licensed its product Apromore to Japanese tech company Transcosmos Digital Technology Inc. (TCDT). This advanced process mining tool will provide TCDT with increased business visualization and is part of HeartCore’s commitment to providing businesses with cutting-edge digital transformations. The company has plans to build on this past year of development and growth as it advances into 2023. To learn more about HeartCore, visit its website. This article was originally published on Benzinga here. Headquartered in Tokyo, Japan, HeartCore Enterprises, Inc. is a leading software development company offering Software as a Service (SaaS) solutions to enterprise customers in Japan and worldwide. The Company also provides data analytics to create tailored web experiences for their enterprise clients. HeartCore’s customer experience management platform (CXM Platform) includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. HeartCore also operates a digital transformation business that provides customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details TraDigital IR - Malaika Temu malaika@tradigitalir.com Company Website https://heartcore-enterprises.com/

February 06, 2023 09:45 AM Eastern Standard Time

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Inkle raises $1.5M to power tax & accounting for US cross-border companies

Inkle

Almost half of the 20,000 US companies created on Stripe’s Atlas incorporation platform alone (of which almost 10,000 were formed in the year leading up to June 2021) were created by non-US-based founders. In helping these founders (and those based in the US) navigate the US regulatory environment, human chat-based US CPA SaaS product Inkle is today announcing a $1.5 million pre-seed funding round to help these companies handle bookkeeping, tax, and compliance filings through its software solution for US cross-border companies. Picus Capital, Saison Capital and Force Ventures participated in the funding round. Cross-border companies with a US parent holding company often struggle with back-office administration. The Big Four are too expensive, and smaller CPA firms are not able to cover everything or use the legacy solutions and rely on email, Google Drives and third-party generic tools to meet the growing regulatory demands. As a result, small cross-border companies are left in a grossly underserved market with slow, expensive, disorganized, often unresponsive and unaffordable service providers. It also leaves gaps, requiring customers to patch together several consultants and solutions. Add multiple entities and time-zone issues, and it quickly becomes chaotic, resulting in missed deadlines and an unnecessary management burden. Inkle was co-founded in late 2021 by British entrepreneur Anand Krishna after experiencing the tedious headache of managing tax and bookkeeping for several US entities which he had launched, and Ranvir Singh joined him in 2022. In creating an efficient approach to regulatory demands, Anand felt human chat was the need of the day. Inkle is an asynchronous human chat platform that combines a strong accounting outsourcing industry (based in India), with an English-speaking workforce, cost arbitrage, and SaaS engineering know-how - creating the perfect ingredients to address a major pain point. Anand was most recently the Co-Founder & CEO of Index, a personal finance mobile app company which was acquired in 2021 by Tencent-backed Niyo. Prior to this, he co-founded a Y Combinator-backed fintech company having spent a decade at Goldman Sachs, Morgan Stanley and Vedanta Resources Group. Ranvir Singh was the first employee at Inkle and has recently been appointed Co-Founder & CTO, having architected the Inkle tech stack. Previously he was at Paytm where he helped build and scale Paytm Chat to tens of millions of users. Inkle CEO and Co-Founder, Anand Krishna commented: “Just over a year into our journey, and despite us starting during the pandemic and a global recession, hundreds of US companies onboarded and are now happier with our human chat-based approach to handling their back-office headaches; our CPA teams are delighted with 10x new business volumes without a need to hire extra staff or put any effort into acquiring customers; and we’ve built a dominant position in one focused corridor with solid revenue growth. And yet the customer now gets to pay less than ever before. It’s a win-win-win situation. Software will revolutionise this massive space, which is perfect for disruption by Inkle - building and delivering from right here in Bengaluru for the world. We’re delighted to partner with our first investors to prove we can do the same in other corridors now. Inkle’s full-stack software and collaborative features creates a scalable, on-demand and affordable back office for global companies. It is powered by highly experienced independent US-licensed, India-based CPA teams with decades of global accounting and tax experience. These are independent practitioner-led outsourced teams who are able to rapidly scale up on demand. Customers can manage and track their filings from anywhere. The platform offers asynchronous human chat with bookkeepers and CPAs and clear dashboards with deadline alerts, team collaboration, secure corporate document vault, and transparent billing. Inkle’s newly launched bookkeeping ledger - Inkle Books - fills a glaring gap by synching to bank feeds on one side and recognised accounting softwares on the other. This gap frustrates bookkeepers and Inkle solves this by introducing transaction-level clarification human chat, merchant recognition and categorisation, attachment automation, transaction-level tax monitoring, a global compliance rule engine and more. The majority of Inkle customers have multiple group entities in various countries, Inkle Books tracks the various intercompany money movements inside the group: transfer pricing, foreign direct investment and royalty, as well as handling complex group consolidation. Inkle also facilitates compliances such as registered agent, mailroom, and state, federal and cross-border regulatory reporting. For its independent CPA team partners on the backend, Inkle superpowers them with advanced practice management and workflow solutions, replacing their reliance on Google Sheets and email. Both the customer and CPA softwares are constantly evolving their modern fresh SaaS interface to seamlessly connect all three sides. Inkle, which was bootstrapped and in stealth until now, has grown revenues 7x in the last year to hundreds of thousands of dollars. Inkle has quietly built a strong leadership position in the US-India corridor (half of all YC companies in India, 3% of all YC companies globally and hundreds of US companies overall use Inkle today). Inkle is now expanding into new corridors such as US-Canada, US-LATAM and new sectors such as crypto taxes. Customers include leading tech companies such as Salesken, Mailmodo, Zoko and DriveTrain. Florian Reichert (Partner and Managing Director at Picus Capital), added, “Given the obligatory nature and zero default requirements in accounting, tax and compliance software tooling is a major customer need and hence also in the current economic climate indispensable. With its full-stack SaaS offering Inkle sits at the intersection of customers, CPAs, accounting tools and authorities clearly making workflows more efficient and less error-prone. We are impressed by what Anand and the team has built in a very lean manner and are thrilled to be supporting Anand on his journey to revolutionize how cross-border companies manage their accounting, taxes and compliance." About Inkle Inkle is a global tax and accounting SaaS startup based in Bengaluru, India and headquartered in Delaware, USA. Inkle provides software to enable US companies created by overseas founders to easily and affordably handle tax, accounting and compliance. About Picus Capital Picus Capital is an international, privately financed venture capital company with headquarters in Munich and offices in New York, Beijing, Berlin, London, Bangalore, Stockholm and São Paulo. Picus predominantly invests in Pre-Seed, Seed and Series A rounds and focuses on technology companies in financial services, HR, energy & climate, healthcare, logistics & mobility, real estate & construction, crypto & web3, deeptech and e-commerce. As an entrepreneurial sparring partner, Picus Capital pursues a long-term investment philosophy and supports founders from the ideation phase to the IPO and beyond. For further information please visit www.picuscap.com and LinkedIn. Contact Details Inkle Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.inkle.io/

February 06, 2023 08:00 AM Eastern Standard Time

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BIO-key’s Innovative IAM Solutions Address C-Suite Top Priority – Managing Cyber Risk

BIO-key International, Inc.

By Gita Karunakaran, Benzinga In recent times, the potential threats of ransomware and data breaches have been gaining more attention among corporations around the world. Companies are constantly faced with the threat of loss of control over customer data and the adverse impact of an attack on their brand reputation. This has resulted in cybersecurity risk being elevated to discussions at the most senior levels of corporations. Despite the C-suite attention the subject has garnered in corporate boardrooms, the implementation of suitable risk-mitigating solutions in organizations has seemingly been lagging. Some of the reasons for this could be a lack of understanding of the level of cyber risk an organization is subject to and willing to accept, and thereafter the inability to decide on which cyber security solutions they would need to implement to stay ahead of potential attackers and protect critical data. Companies like BIO-key International Inc. (NASDAQ: BKYI) offer Identity and Access Management (IAM) cybersecurity solutions for enterprises and often play a key role in bridging this gap in understanding by providing their expertise to design customized solutions to suit the individual needs of organizations. Cybersecurity Risk Increasingly Ranks As A Top Corporate Risk Worldwide Potential cyber incidents and business interruption remained the two leading worldwide corporate risk concerns for the second year in a row, according to a report published by Allianz Global Corporate & Specialty. The report included IBM data showing that ransomware attacks remained the top threat, and the average cost of a data breach hit a record of $4.35 million in 2022, with the cost expected to surpass $5 million this year. While ransomware has become a serious concern – with threat actors engaging in double and triple extortion against companies resulting in reputational harm – another aspect that has equally become an area of consternation is the tightening of regulations surrounding the protection of customer data. Non-compliance with privacy laws and regulations, like Europe’s General Data Protection Regulation (GDPR) or state laws, including the California Consumer Privacy Act (CCPA), could result in hefty privacy violation fines adding to the cost of data breaches. With all the attention that cybersecurity breaches and risks have been garnering, it is no wonder that the global cybersecurity market is booming and reportedly expected to reach $403 billion by 2027. What Can Organizations Do To Reduce Cybersecurity Risk? While cybersecurity and IAM are about ensuring that legitimate authenticated users are the ones gaining access to data and resources in an organization, risk management has always had a more strategic focus with the goal to understand the threat landscape and make informed decisions on the strategy that would work for the organization. It has been seen time and again that regardless of the sophisticated technologies being used to keep hackers out, no system is perfect or 100% risk-free. But organizations can indeed take steps to reduce the likelihood and potential impact of such threats, including educating employees, ensuring adequate housekeeping of software and hardware, and restricting staff access in accordance with job role-based needs. According to BIO-key, the method used to authenticate is a core area that organizations need to focus on when assessing risk and informing their IAM strategy. While relying on passwords to authenticate users may be an easy and inexpensive solution, it comes with the risk of weak security and easily breached networks. As a result, companies have begun adding an extra layer of security with Multi-factor Authentication (MFA), which is believed to prevent as much as 90% of cyberattacks. BIO-key says that it incorporates Multi-factor Authentication (MFA), Single Sign-on (SSO), and its one-of-a-kind biometric authentication option (Identity-Bound Biometrics) under a single, unified IAM platform, PortalGuard, to create holistic cybersecurity solutions for its customers. BIO-key has been a trusted provider of Identity and Access Management (IAM) and Identity-Bound Biometric solutions for over 25 years. The company has been playing an active part in changing mainstream Multi-factor Authentication (MFA) within IAM by offering easier and more secure ways to authenticate the identity of employees, customers, and suppliers, while managing access across devices and applications, for enterprises, educational institutions, and consumers. Its innovations are backed by years of research and expertise and its products and solutions are trusted by leading organizations across industries, including Fortune 500 companies in financial services, healthcare, education, manufacturing, communication, transportation, military and government sectors. With a burgeoning global cybersecurity market and increased cyber-risk awareness in organizations, BIO-key seems poised to thrive and grow by offering the most flexible, secure, and easy-to-use solutions to help organizations combat increasing threats. Learn more about BIO-key’s cybersecurity solutions here. This article was originally published on Benzinga here. BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software managing millions of users. Its cloud-based PortalGuard IAM solution provides cost-effective, easy to deploy, convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's patented software and hardware solutions, with industry-leading Identity-Bound Biometric (IBB) capabilities, enable large-scale Identity-as-a-Service (IDaaS) solutions, as well as customized on premises solutions. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Catalyst IR- William Jones, David Collins +1 212-924-9800 BKYI@catalyst-ir.com Company Website https://www.bio-key.com/

February 03, 2023 09:25 AM Eastern Standard Time

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Comcast Hosts Community Event and Makes a $50,000 Contribution to Santa Cruz Non-Profit Organizations for Storm Relief and Recovery

Comcast California

As Santa Cruz County works to recover and rebuild from the recent historic rainstorms that caused massive flooding, downed trees, landslides and other devastation, Comcast yesterday hosted a free event to support the community and made a $50,000 donation to the United Way of Santa Cruz and Community Bridges of Santa Cruz. “The Santa Cruz area has suffered so much from the recent storms – the devastation has been heart wrenching to experience and witness,” said Ray Cancino, CEO, Community Bridges. “This partnership and financial support from Comcast is coming at the ideal time and will provide important, valuable resources as the community strives to get back on its feet.” “We appreciate Comcast hosting yesterday’s event. It was so nice to enable this hard-hit community to take a break, come together and support each other, while having some fun.” said Keisha Browden, CEO, United Way of Santa Cruz County. “Comcast’s financial contribution to our community will help us not only expand our recovery efforts but also help us rebuild from this catastrophic disaster.” A unique feature at the Scotts Valley community event was the Xfinity Experience trailer, which features a 12 foot by 18-foot LED screen on which the movies Sing 2 and Minions: Rise of Gru were screened. The trailer also enabled free WiFi access and power so attendees could get online and charge their devices. Attendees can enjoy free food and beverages from local restaurants and there will be raffles with a variety of door prizes and special giveaways. Throughout the series of dangerous and severe storms, Comcast provided a range of services to evacuation and community support centers in Northern and Central California. Comcast’s network and engineering technicians monitored the storms’ impacts and worked diligently to restore Xfinity and Comcast Business services that were impacted as quickly and safely as possible so customers could stay connected. Comcast also made available for free use by anyone its 147,000 public Xfinity WiFi hotspots throughout Northern and Central California. This helped residents and emergency personnel stay connected during the rainstorms. # # # About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Adriana Arvizo +1 925-200-1919 Adriana_Arvizo@comcast.com

February 02, 2023 02:01 PM Pacific Standard Time

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