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Market Alert: Actelis Networks Receives Buy Rating and $5 Price Target from Analyst Theodore R. O’Neill

Global Markets News

Actelis Networks Inc. (NASDAQ:ASNS), a leader in hybrid fiber-copper and cyber-hardened networking solutions, has received a vote of confidence from analyst Theodore R. O’Neill of Litchfield Hills Research. O’Neill has initiated coverage with a "Buy" rating and a price target of $5, citing Actelis’ innovative technology, growth trajectory, and potentially undervalued shares. A Leader in Cyber-Hardened IoT Networking Actelis (NASDAQ: ASNS) is a pioneering provider of rapid-deployment networking solutions for IoT and mission-critical broadband applications. The company's core technology enables fiber-grade performance over hybrid fiber-copper networks, a significant advantage for sectors needing cost-effective solutions without extensive infrastructure overhauls. The report also highlights Actelis’ "Cyber Aware Networking" initiative, which integrates AI-driven cybersecurity into its networking solutions. The report underscores Actelis' "well-protected technology moat," supported by 31 granted U.S. patents and proprietary trade secrets, which give the company a unique edge in a competitive market. Its Triple Shield Protection technology ensures secure, high-speed connectivity across diverse media types, such as fiber, coax, and copper, enabling seamless integration even in challenging environments. The analyst highlights the strength of Actelis' product portfolio, including the MetaLIGHT and GigaLine series, which address critical needs in intelligent traffic systems (ITS), military, utilities, and smart city projects. The report also notes the recent addition of the GL900 series, which offers ultra-low-power solutions tailored for multi-dwelling units (MDUs). Strong Growth Strategy The report points to Actelis’ strategic shift in 2023, where the company redirected its focus from legacy telecom customers to industrial and government clients. This shift has already shown results, with triple-digit year-over-year revenue growth reported in Q3 2024 and expectations of continued double-digit growth into 2025. Additionally, the report emphasizes Actelis’ global reach, serving over 300 customers across 30 countries, and its blue-chip client list that includes government agencies, transportation authorities, and defense organizations. Notably, recent deployments, such as modernizing Washington, D.C.'s traffic network, highlight the reliability and versatility of its solutions. O’Neill’s analysis suggests that Actelis shares, which closed at $1.03 on December 20, could be significantly undervalued. The report projects a $5 price target within 12 months based on discounted future earnings, using an 8% discount rate and assuming sustainable growth driven by Actelis’ innovative products and market position. The report further highlights Actelis’ steep discount to peers, trading at just 0.53x 2025 market cap/sales compared to a peer group average of 4.3x. If the stock were to trade at the peer group average, its valuation could exceed $8. The report also addresses several risks, including industry competition, regulatory challenges, and Actelis’ history of operating losses. However, it notes that financial risks appear manageable, with sustainable breakeven projected by late 2025 or early 2026 at quarterly revenue levels of approximately $3.4 million. Conclusion The initiation of coverage by Litchfield Hills Research marks an intruging endorsement for Actelis Networks. The report highlights Actelis’ robust technology portfolio, proven market presence, and significant growth potential as reasons for optimism. Actelis’ innovative approach to leveraging hybrid fiber-copper networks and its focus on cybersecurity position it well to potentially capitalize on the growing demand for modernized critical infrastructure. Based on the report, As urbanization and IoT adoption accelerate, Actelis is could to capture a larger share of this multi-billion-dollar market. * * * Important disclaimers and disclosures: This article includes speculative forward looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Companies in emerging industries such as Actelis (the “company”) are volatile and risky and readers are advised to seek out professional advice in the relevant fields from licensed professionals. This article was issued by Global Markets Media, a commercial digital brand operated for IR purposes who's operators are compensated by actelis for coverage and distribution services. The above content is for informational purposes only and it is not intended to serve as financial or investment advice and this constitutes an advertisement for the purposes of section 17(b) of the securities act. This above content has not been reviewed or approved by the company. Please review the full disclaimers and disclosures detailing conflicts of interest [ https://justpaste.it/ecto7/pdf ]. The report mentioned was issued by a licensed analyst who is subject to his own conflicts of interest and disclainers/disclosures and readers are advised to refer to the full report. Contact Details News Coverage ronald@futuremarketsresearch.com

December 23, 2024 08:10 AM Eastern Standard Time

Market Alert: Actelis Networks Introduces MetaShield, Pioneering AI Solutions for Critical Infrastructure Protection (NASDAQ: ASNS)

Global Markets News

Actelis Networks (NASDAQ: ASNS) has just announced the launch of MetaShield, a groundbreaking AI-based cybersecurity solution poised to redefine security protocols for IoT and critical infrastructure networks. This pivotal is representative exemplifies Actelis' visionary approach and marks a significant leap forward in its mission to enhance networks across the globe, setting a new standard in creating robust and secure IoT networks and achieving critical infrastrucutre modernization. Addressing Growing Threats to Critical Infrastructure The introduction of MetaShield is particularly significant as it directly responds to the increasing frequency and sophistication of cyber threats targeting critical infrastructure. With cyberattacks on essential systems reportedly surging by 30% in 2023, organizations across sectors are under immense pressure to bolster their defenses. MetaShield’s advanced capabilities, including real-time anomaly detection and AI-driven threat mitigation, empower Actelis to offer a proactive solution that not only secures networks but also safeguards vital operations. This focus on protecting critical infrastructure aligns Actelis with the urgent needs of governments and industries, positioning it as a trusted partner in enhancing national and operational security. Expanding Opportunities for Upselling MetaShield is not just a standalone product; it represents a strategic opportunity for Actelis to deepen its relationships with existing clients and explore upselling potential. As organizations adopt MetaShield, Actelis can leverage this integration to provide additional services and upgrades, enhancing customer loyalty and increasing revenue per client. This ability to deliver comprehensive, layered security solutions creates a compelling value proposition, ensuring that Actelis remains indispensable to its clients' operational needs. A Lean and Growing Software Business Model The launch of MetaShield signifies a critical step towards a growing Software as a Service (SaaS) model that can drive recurring revenue and solidify Actelis’ position within the cybersecurity sector. By establishing a lean, software-focused business model, Actelis is positioned to capitalize on the growing demand for subscription-based cybersecurity solutions. This shift may not only only enhances the financial position in the long term, but also aligns with broader industry trends where clients prefer flexible, scalable solutions that adapt to their evolving security needs. Moreover, the ongoing software revenue stream may further allow Actelis to invest in continuous innovation and development, ensuring that its solutions remain at the forefront of cybersecurity technology. As the market for cybersecurity solutions continues to expand, Actelis' commitment to a growing software business model will be essential for long-term success and competitiveness. A New Era for Actelis Networks In summary, the announcement of MetaShield marks a revolutionary step for Actelis Networks, showcasing its commitment to innovation and leadership in the cybersecurity landscape. By addressing the urgent needs for robust security in critical infrastructure, creating upselling opportunities, and transitioning to a lean software business model, Actelis is exceptionally well-positioned to meet the growing demand for integrated security solutions. The launch of MetaShield could not only elevate Actelis' market position but also reinforce the resilience of critical infrastructure in an interconnected world. This launch is not just a new product; it may very well be the start of a transformative chapter for Actelis Networks as it aims to shape the future of cybersecurity. Read Actelis Networks' Latest Announcements * * * * This news alert may include speculative forward looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Companies in emerging industries are volatile and risky and readers are advised to seek out preffesional advice in the relevent feilds from licensed profesionals. This news alert was issued by Global Markets Media, a commercial digital brand operated for IR purposes who's operators are compensated by actelis for coverage and distribution services. The above content is for informational purposes only and it is not intended to serve as financial or investment advice and this constitutes an advertisement for the purposes of section 17(b) of the securities act. Please review the full disclaimers and disclosures detailing conflicts of interest [https://justpaste.it/ecto7/pdf]. Contact Details Global Markets News Desk ronald@futuremarketsresearch.com

December 20, 2024 09:00 AM Eastern Standard Time

For the Second Year in a Row, Shareholder Calls for Microsoft Shareholders to Reject Reid Hoffman

NLPC

The annual meeting for Microsoft Corporation is on Tuesday, and for the second year in a row, an investor is calling upon shareholders to oppose the re-election of tech entrepreneur and political agitator Reid Hoffman to the board of directors. Earlier this year, National Legal and Policy Center sent a letter to Microsoft Corporation calling upon Hoffman to resign from the board, and if he refused, then for his fellow directors to call a special meeting to vote on his removal. The shareholder group wrote that he should not continue to serve on Microsoft’s board, after Hoffman wished for the death of former President Donald Trump just days before an attempted assassination on the now President-elect. The letter, sent in July, followed NLPC’s plea last year in advance of the tech company’s 2023 annual meeting, which asked voting shareholders to oppose Hoffman’s re-election to a seat on the board. NLPC argued then (and argues now) that the former member of the “Paypal mafia” harbors an unhealthy obsession with the personal and political destruction of President-elect Trump, and that he displays an intolerance and temperament that is unbefitting for a director of a prestigious multinational corporation like Microsoft. NLPC also called into question Hoffman’s extremely poor judgment in his visit to Little Saint James island with multi-millionaire financier and sex offender Jeffrey Epstein, as well as his regular associations with him, many years after the pedophile was convicted for the abuse of underage girls. For these same reasons, NLPC demanded that Hoffman be removed as a member of the Defense Department’s Innovation Advisory Board “Under any other circumstances, Reid Hoffman’s caustic rhetoric, his reckless conduct, and his preoccupation with the destruction of a political foe, would disqualify him from the privilege of serving on a corporate board,” said Paul Chesser, director of the Corporate Integrity Project for NLPC. “Corporate America seems to be coming to their senses finally on issues like DEI and the transgender delusion, so maybe shareholders will finally reject an extremist like Mr. Hoffman, because they should.” NLPC released a satirical video in October that identified several of Hoffman’s sins and shortcomings that make him unqualified for Microsoft’s board of directors. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. 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

December 09, 2024 09:00 AM Eastern Standard Time

Media and Democracy Project Urges FCC to Establish a 'Bright-Line Test' with Hearing on FOX Affiliate’s Broadcast License

Media and Democracy Project

Today, the Media and Democracy Project (MAD), joined by a bipartisan coalition of prominent former FCC officials, legal experts, and media advocates, filed further comments with the Federal Communications Commission (FCC) urging the agency to designate the WTXF-TV broadcast license application for a hearing. In its filing, the coalition asserts that this matter is not controversial nor political and that action by the Commission is a straightforward application of its statutory obligations. “Our petition is not about speech or political slant—it’s about the deliberate business decision by the Murdochs and Fox to lie to the American people about the 2020 election to protect the company’s profits,” said Brian Hansbury, Co-Founder of the Media and Democracy Project. “That decision cannot be squared with the character requirements of the Communications Act, and the FCC has the opportunity to prove that its public interest policy matters.” The filing argues that this case is “easily distinguishable from routine complaints by politicians about the political slant of a particular channel or classic journalistic prerogatives.” The group calls for the Commission to establish a “bright-line test to provide clear guidance on when a hearing is required.” The filing continues, “[p]roviding this guidance also would be a crowning addition to this Commission’s legacy.” “Commissioner Carr’s recent threat against the broadcast industry (an echo of Trump’s threat against ABC and CBS – against whom there has been no judicial finding) illustrates the importance of this commission adopting a more clear bright line test that invokes the character provision of the communications act only after there has been a judicial finding,” said former Murdoch lobbyist Preston Padden. “If the FCC fails to act, it risks setting a dangerous precedent that undermines its own authority and the public’s trust in broadcast media.” In urging Commission action, the group also called on the FCC to pay particular attention to three passages from earlier informal comments: In an earlier filing from Former FCC Chairman Alfred Sikes, the radio station owner recounted preparing his first application for a station license. It required him to commit to operate in the ‘public interest.’ He recalled wondering whether that language was “just some bureaucratic construct or a legally enforceable requirement.” Later, after serving as Chairman of the Commission, he notes that “the answer is still elusive.” In an informal objection, Former FCC Commissioner Ervin S. Duggan and former Editor of The Weekly Standard Bill Kristol, cited Judge Davis’s findings in US Dominion, Inc. v. Fox News Network, emphasizing that Fox’s behavior “is not consistent with the FCC’s character requirements for broadcast licensees who are supposed to operate their stations in the public interest first and foremost.” The pair continued, “given that the Murdoch/Fox lies contributed to the January 6 riot in the Capitol and duped millions of Americans into believing that the election was stolen, their actions shocked the conscience.” In informal comments from preeminent defender of media First Amendment rights, Floyd Abrams, he recounted his long history of serving as counsel to media organizations whose First Amendment rights were threatened. Notwithstanding that history, Abrams states, “but knowing and repeated distortion of information about a forthcoming election is precisely what a broadcaster may not do, and that the Commission may consider in determining whether license renewal is appropriate.” The joint informal comments were filed by Brian Hansbury, MAD’s Co-founder; Alfred Sikes, former Republican Chairman of the FCC, Ervin S. Duggan, former Democratic FCC Commissioner and former PBS President, William Kristol, longtime Editor of The Weekly Standard, William Reyner, longtime lead regulatory and commercial outside counsel To Murdoch/Fox, and Preston Padden, former executive of Fox Broadcasting Company and former lead lobbyist for Rupert Murdoch/News Corporation/Fox. A copy of the informal comments is available here. A link to a timeline of MAD’s petition is available here. The Media and Democracy Project: MAD is a non-partisan, all-volunteer, grassroots organization focused on strengthening a free and independent media in the public interest. MAD aims to improve our national discourse so that American voters can engage in informed decision-making. As part of that goal, MAD has an interest in the responsibility of journalists and media to report fully, accurately, and fairly on the electoral process and the outcome of elections. Additional information is available at www.MediaAndDemocracyProject.Org. Contact Details Aaron Alberico +1 202-744-0786 aalberico@raynoravenue.com Company Website https://www.mediaanddemocracyproject.org/

November 19, 2024 08:00 AM Eastern Standard Time

The Surety & Fidelity Association of America Congratulates Newly Elected Officials and Stands Ready to Work with Members of Both Parties to Advance Key Industry Priorities

SFAA

Following last week’s election, The Surety & Fidelity Association of America (SFAA) extends congratulations to all newly elected officials and reaffirms its commitment to working across the aisle to advance the industry's interests. As a leading voice for the surety and fidelity industry, SFAA is dedicated to collaborating with policymakers on solutions that support economic growth, enhance public and private sector resilience, and protect taxpayers. “Now more than ever, we believe in the importance of bipartisan cooperation to advance our industry's top priorities before Congress, the Administration, and the States,” said SFAA President & CEO Ryan Work. “We look forward to working closely with new and returning leaders at every level of government to promote policies that empower businesses, safeguard consumers, protect workers, and strengthen our economy.” The Surety & Fidelity Association of America (SFAA) is a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry. Based in Washington, D.C., SFAA works to promote the value of surety and fidelity bonding by proactively advocating on behalf of its members and stakeholders. The association’s more than 425 member companies write 98 percent of surety and fidelity bonds in the U.S. For more information visit www.surety.org. Contact Details Peter Roth +1 703-401-0676 proth@surety.org Company Website https://surety.org/

November 15, 2024 10:00 AM Eastern Standard Time

NLPC: Special Counsel Jack Smith Must Close Shop

NLPC

National Legal and Policy Center Counsel Paul Kamenar and Chairman Peter Flaherty issued the statements below regarding the future of federal prosecutions of Donald Trump. “It appears that Special Prosecutor Jack Smith is coming to his senses and preparing to drop the two federal prosecutions against President-elect Donald Trump, ” said Paul Kamenar, counsel to NLPC. Although he vowed this summer to continue the prosecutions up until Inauguration Day if Trump got elected, neither of the two pending prosecutions, one in the District of Columbia for alleged election interference and the other in Florida regarding the classified documents case, could be tried before Trump’s inauguration on January 20, 2025. “The public jury has spoken overwhelmingly on election day that these political prosecutions be dropped,” said Peter Flaherty, NLPC Chairman. Once he becomes President, Trump can order his Acting Attorney General that Jack Smith be fired and the two cases be dismissed plus under Justice Department policy, a sitting president cannot be prosecuted. The most that Jack Smith can do now is write his report and submit it to Congress before he is fired. NLPC has been critical of Jack Smith’s prosecutions since they began. Indeed, Judge Aileen Cannon dismissed the Florida Mar-a-Lago case based on the unconstitutional appointment of Jack Smith, the very issue which NLPC supported in the legal challenge to Robert Mueller’s appointment in the Russia hoax case. As for the two remaining state cases, Trump lawyers are asking that those cases also be dropped. The sentencing in the biased New York hush money was already postponed to November 17 and there are immunity issues in that case as well stemming from the Supreme Court’s decision granting Trump immunity from criminal prosecution for actions taken in office. The Georgia case is on appeal regarding the legality of prosecutor Fani Willis staying on the case but should also be dismissed. According to Flaherty, “For the sake of the Rule of Law, it is a good thing that Trump won. If he had not, these prosecutions would continue, and future Republican candidates for President and other offices would face a barrage of lawsuits calculated to destroy their candidacies, livelihoods and reputations. Hopefully, the ‘lawfare’ warriors have learned their lesson, and we can return to free and fair elections.” For more information or to schedule an interview with Peter Flaherty or Paul Kamenar, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. 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

November 08, 2024 11:15 AM Eastern Standard Time

This Ad-Tech Platform Pays Consumers To Recommend Products On Their Social Media, Effectively Doing What Airbnb And Uber Did In A New Industry

Benzinga

By Josh Enomoto, Benzinga Increasingly, the concept of democratization – both in the social and economic realms – has become a central rallying cry for society. Digital marketing platform Thumzup Media Corp (NASDAQ: TZUP), recently uplisted to Nasdaq, takes this principle and applies it to the advertising ecosystem. Rather than the typical top-down approach deployed in this arena, Thumzup turns that business model on its head. Under the “analog” paradigm of advertising, businesses were forced to rely on major agencies and media outlets. At the time, only the largest enterprises controlled mass media channels such as television, radio, newspapers and billboards. Essentially, product and service messaging was funneled through centralized and hierarchical networks. Under this construct, the actual consumers were merely relegated to passive receivers of information. However, the internet – especially social media – has ushered in a fresh framework for how advertisers can influence their target audience. Through various hubs of connectivity, individuals can foster product discovery through a bottom-up approach. Such peer-to-peer recommendations lend a certain weight of authenticity that celebrity endorsements may not quite be able to match and are the central focus of Thumzup’s vision. Best of all, to incentivize this organic engagement, Thumzup offers cash rewards to users. Effectively, consumers are rewarded for doing what they do naturally: making recommendations to their family and friends. On the other end of the spectrum, businesses can potentially see their advertising dollars go much further than they could with traditional celebrity endorsements, which carry high costs and unpredictable results. Disruption Is At The Heart Of Thumzup’s Vision While big businesses occupy the collective consciousness thanks to their legacy standing, it’s the category of emerging and mid-tier enterprises that offer a compelling opportunity for Thumzup. Currently, 33.2 million small businesses operate in the U.S., accounting for 99.9% of all firms. Among this group, data from 2021 revealed that about 45% purchase digital ads, with the average monthly expenditure per business reaching $534. However, because of the meteoric success of digital ads, more recent research indicates that 69% of small enterprises use the medium to find new customers. Even with the older numbers, if Thumzup is able to capture 10% of this market and receive 20% of the average monthly spending rate, its potential annual revenue could skyrocket to nearly $442.5 million. But with the growth in the ecosystem, the actual sales potential could be far higher. Although it’s an ambitious goal, the directive is tied to a compelling concept of disruption. Last year, Matter Communications reported that 69% of consumers trust recommendations stemmed from influencers, friends and family as opposed to narratives originating directly from brands. What’s even more startling, preference for celebrity influencers slipped to 11%, down sharply from a range of 17% to 22% in Matter’s 2020 report. Notably, even social media influencers – who benefit from grassroots sentiment – are starting to feel the heat of skepticism. As sponsored material becomes more commonplace in the content environment, consumers rightfully question whether product endorsements are truly authentic or sincere. Such a friction point in the trust dialogue opens the door for Thumzup. Fundamentally, the key driver for Thumzup is the decentralization of information. In contrast to a top-down approach where only the largest, centralized entities dictate the broader information flow, Thumzup empowers individual voices. In turn, those voices become amplified through its programmatic incentivization structure. As the company states on its website, consumer voices have value. In this case, Thumzup pays people to promote specific products or services on their social media accounts. Furthermore, the reward is tied to the volume and quality of the posts. This setup encourages detailed product feedback while businesses enjoy that expanded reach and the return on their advertising dollars. Proving The Potential By directly engaging end users, Thumzup aims to enliven the dead space occupying the economic connection points in the product/service value chain. Specifically, consumers can put their downtime to productive use through quality recommendations and getting paid for it. Businesses can better ensure that their messaging is reaching out to their target clients. In this manner, Thumzup is analogous to Uber Technologies Inc (NYSE: UBER) or Airbnb Inc (NASDAQ: ABNB). Both entities allowed regular people to become economic agents: ride-sharing drivers for the former and landlords (hosts) for the latter. With Thumzup, individual customers can effectively become marketing partners. In many ways, Thumzup is introducing the potential in an entirely new economy. Robert Steele, Chief Executive Officer of Thumzup, shared, “Our growth strategy includes expanding into new target markets, adding powerful features like an integration with Instagram Reels, enhancing attribution tools, and integrating additional social media platforms. These improvements are designed to make Thumzup even more attractive to advertisers, which we believe will help us reach our goal of a tenfold increase in advertisers over the next 12 months.” Since its launch, Thumzup has proven this potential through tangible outcomes. The company has paid out over $200,000 in cash for roughly 20,000 posts in its initial test area around Los Angeles, and the company reports that it has grown subscribers by 131% since January. These payouts serve as a direct testament to the platform's ability to incentivize users to create authentic content that reaches a broader audience. Additionally, repeat business is a key indicator of success. For example, the Harley-Davidson Inc (NYSE: HOG) dealership in Marina del Rey has renewed its campaign multiple times, showcasing the effectiveness of Thumzup's strategy for both brand exposure and customer engagement. The company’s first strategic investor also believes their range of products – which includes Star Trek brand wines – will benefit from Thumzup’s innovative approach. Such success demonstrates that Thumzup’s business model is applicable to multiple industries. Redefining Advertising Through Authentic Connections Thumzup is helping reshape the future of advertising by empowering everyday consumers to share genuine brand experiences. Through incentivizing real, peer-driven recommendations, the platform offers brands a powerful alternative to traditional advertising models. With its scalable approach, Thumzup is positioning itself to potentially transform how businesses connect with their audiences, driving more authentic engagement and lasting brand loyalty. Featured image by Gerd Altmann from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 07, 2024 09:00 AM Eastern Standard Time

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K3 Holdings and Alpine LA Properties Warn of Possible Unintended Consequences of Proposition 33 on Los Angeles Housing Market

K3 Holdings

K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States and Alpine LA Properties, a leasing company providing newly remodeled apartments at affordable rates in Los Angeles voiced concern today about debate over California Proposition 33. Proposition 33 moves the decision of rent control laws into the hands of municipalities. While the proposal is intended to support vulnerable renters, via rent control and/or vacancy control solutions, many within the real estate and housing industries are raising concerns about its potential impact on housing availability. As municipalities create new legislation and regulations, many of these policies may have unintended negative consequences, especially for low-income families. Some experts are warning that Proposition 33 may result in fewer affordable housing options and discourage investment in new development, exacerbating the city's housing crisis. “As a property management company with deep roots in the Los Angeles community, we are committed to supporting renters and ensuring the availability of safe, affordable housing options,” stated Michael Kadisha, a Principal of K3 Holdings. “We have long been a resource to local leaders and policymakers, offering insights into the needs of renters and the realities of the housing market, and we look forward to further collaboration.” “While we understand and respect the goals behind Proposition 33, we are concerned that its unintended consequences will be harmful to the very communities it aims to protect. Proposition 33 could reduce the supply of housing options, especially for low-income families, by discouraging new development and forcing out existing property owners. This could exacerbate the housing crisis, not alleviate it,” Michael Kadisha continued. “By making it financially untenable for real estate owners and developers to operate, this proposal may inadvertently limit the number of available homes, leading to fewer choices for renters and higher prices in the long term,” Nathan Kadisha a K3 Principal added. “Surely this is not what local leaders, and the community is intending with these proposals.” “Our goal is to remain a partner in crafting balanced, effective housing policies that protect renters while also ensuring a healthy, sustainable housing market. We stand ready to work with city leaders to find solutions that benefit both renters and property owners alike,” Nathan Kadisha continued. While K3 does not endorse or reject any specific legislation and refrains from political involvement, its sole focus remains on building strong communities and helping renters thrive. About K3 Holdings and Alpine LA Properties K3 Holdings and Alpine LA Properties are committed to creating strong, vibrant communities through thoughtful property management and a focus on fostering neighborly connections. By hosting community events and providing quality living spaces, we strive to make our neighborhoods places where residents feel a sense of pride and belonging. ### For more information or to schedule an interview with a K3 spokesperson, please contact Dan Rene at 202-329-8357 or dan@danrene.com Contact Details K3 Holdings/Alpine LA Properties Dan Rene +1 202-329-8357 dan@danrene.com Company Website https://k3holdings.com/

October 29, 2024 02:00 PM Eastern Daylight Time

Ohio Pension Funds Sue Boeing and Former Chairman Over Plane Failures

NLPC

Why is former Boeing Chairman Larry Kellner – who led the company’s governance oversight during last year’s infamous Alaska Airlines door plug blowout – now head of the safety committee on ExxonMobil’s board of directors? That’s what a shareholder in both companies – National Legal and Policy Center (NLPC) – is asking. And now two pension funds for the State of Ohio are demanding answers from Boeing and its board members (both current and former) about the devaluation of their investment. Attorney General Dave Yost announced Tuesday that he is suing the board of directors for the Washington, DC-based jet manufacturer, “seeking accountability for a pattern of safety and compliance failures that have harmed the company and its investors.” Yost is representing the Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio in the litigation, and accuses Boeing board members of breaching their fiduciary duties by failing to properly oversee the company. The lawsuit alleges the members knew “about the ongoing unsafe practices but even today fail to address them, choosing instead to prioritize profits over safety and regulatory compliance.” Among the defendants singled out by Yost is former Boeing chairman Kellner, who departed from the company under a cloud earlier this year, following the Alaska Airlines incident and other safety failures, in what CNN described as “a complete decapitation” of leadership. Among the allegations pointed out in the Ohio lawsuit about Kellner was that he: served on the board’s Aerospace Safety Committee since 2019; solicited votes from shareholders with other directors who “issued materially false or misleading statements with knowledge of their falsity or reckless disregard for their truth” in both 2023 and 2024; with other directors, “knowingly or with reckless disregard made false or misleading statements of material fact and omitted material information concerning the safety of Boeing’s airplane manufacturing…”; was opposed by proxy advisor Glass Lewis for re-election to the board in 2021 and 2022, “given his role as Audit Committee Chair during the [737] MAX Crashes” in Indonesia and Ethiopia. Yost summarizes the lawsuit against Boeing directors, including Kellner, by alleging they issued “false or misleading” statements “with knowing intent to deceive, manipulate, or defraud.” Yet today Kellner enjoys a soft landing on the board of directors for ExxonMobil, where he chairs the oil giant’s Environment, Safety and Public Policy Committee, with millions of dollars in stock awards and remuneration. This is after Boeing on Wednesday reported a third-quarter loss of more than $6 billion in the wake of the financial, reputational and litigation disaster left behind in the wake of Kellner’s failed leadership. “In the part of his career and experience which is supposed to highlight the majority of his credentials to serve in his current role on ExxonMobil’s board, Larry Kellner has been an unmitigated disaster,” said Paul Chesser, director of NLPC’s Corporate Integrity Project, an investor in both Boeing and ExxonMobil. “Exxon is not without safety and environmental failures in its history that have cost lives, injuries and destruction. How can it say with a straight face that Mr. Kellner is the best person to oversee the company’s environment and safety policies and practices?” Earlier this year in advance of ExxonMobil’s annual meeting, NLPC filed a proxy memo with the Securities and Exchange Commission, detailing Kellner’s shortcomings for the director role and asking fellow shareholders to oppose his candidacy for the board. NLPC also released a short video in May that highlighted Boeing’s mishaps under Kellner’s leadership. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. 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

October 24, 2024 09:30 AM Eastern Daylight Time

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