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Don’t Get Scammed: NICB Insights on How to Avoid Fraud After a Natural Disaster

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/dJPZJMemFCA With hurricane, tornado, and wildfire seasons in full swing in many parts of the country, property damage and loss will be unavoidable in affected areas. The National Insurance Crime Bureau is warning those living in areas that could suffer from a natural disaster to not only be prepared for the disaster but to be aware of the potential for fraudulent contractors and vendors taking advantage of victims in its aftermath. Last year was a historic year for billion-dollar weather and climate disasters in the U.S., with 28 separate events costing at least $1 billion. In the 1980s, the average time between billion-dollar disasters was 82 days. In 2023, it was just 12 days, with these disasters totaling more than $93 billion in catastrophe losses. Upwards of 10 percent or $9.3 billion is lost to post-disaster fraud, which not only impacts individuals, but also impacts insurance premiums throughout the industry. Oftentimes, these deceitful actors target neighborhoods affected by disasters and make an unsolicited stop at your home. They will take your money - often overcharging - and do shoddy or no work at all, promising that your insurance company will pay for it all. On Tuesday, May 21, a nationwide media tour was conducted featuring NICB President & CEO David J. Glawe discussing how to avoid home repair fraud after a natural disaster and many other consumer friendly topics. Questions and Topics Mr. Glawe discussed Included: · Why is contractor fraud becoming more prevalent, and who is committing these acts? · What is NICB doing to help stop contractor fraud from occurring? · What steps can and should homeowners take prior to a natural disaster and how can preparation help reduce chances of becoming a victim of fraud? · What signs should disaster victims be on the lookout for that may indicate a dishonest contractor and what steps can people take to avoid being scammed? · What resources are available to help homeowners and other disaster victims avoid potential fraudulent actors or report fraud when they encounter it? NICB recommends following these tips before hiring a contractor: Be Proactive · Assess Damages: If you think you have catastrophe-related damage, reach out to your insurance company, and ask for clarification on your coverage. · Recruit a Professional: Seek out a licensed, insured, and well-reviewed contractor before any potential fraudulent contractors come knocking on your door. Research and Verify Before Signing Anything · Research and Verify: Before hiring a contractor, research their credentials, reputation, and track record. Check for licenses, certifications, and reviews from previous clients. Verify their insurance coverage and inquire about any past complaints or legal issues. · Get Multiple Quotes: Obtain bids from multiple contractors for comparison. Be wary of significantly low bids, as they may indicate substandard work or hidden costs. Aim for a balance between affordability and quality. · Beware of Red Flags: Be alert to red flags such as high-pressure sales tactics, vague or evasive answers, or reluctance to provide written estimates or contracts. Trust your instincts and proceed with caution if something seems off. Stay Involved and Take Account · Written Contracts: Always insist on a written contract detailing the scope of work, materials, timeline, and a payment schedule that does not include large upfront payments. Review the contract carefully, ensuring that all terms and conditions are clearly outlined and agreed upon by both parties. · Stay Involved: Stay actively involved in the project by regularly communicating with the contractor and monitoring progress, while keeping records of all work communications. · Seek Legal Advice if Necessary: If you suspect contractor fraud or encounter significant problems during the project, seek legal advice promptly. A legal professional can help you understand your rights, explore options for resolution, and take appropriate action to protect your interests. Report Fraud Anyone with information concerning insurance fraud or vehicle theft can report it by calling toll-free 800.TEL.NICB (800.835.6422). To learn more, visit NICB.org About the National Insurance Crime Bureau: Headquartered in Oak Brook, Ill., the National Insurance Crime Bureau (NICB) is the nation's leading not-for-profit organization exclusively dedicated to combatting and preventing insurance crime through Intelligence, Analytics, and Operations; Education and Crime Prevention; and Strategy, Policy, and Advocacy. NICB is supported by more than 1,200 property and casualty insurance companies and self-insured organizations. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 29, 2024 04:01 PM Eastern Daylight Time

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Halving of BTFS Storage Rewards

BitTorrent

Singapore, May 28, 2024 – To sustain the growth and success of the BitTorrent ecosystem, BTFS is set to implement a halving on the next round of rewards for storage miners on the BTFS network. From 00:00 (UTC) June 25, 2024, the daily rewards for storage miners on the BTFS network will be halved from 15 billion BTT to 7.5 billion BTT. The BitTorrent File System (BTFS) is a decentralized file storage system that utilizes blockchain technology and peer-to-peer transmission. It allows users to store their files across multiple nodes in a distributed manner, enhancing file security and reliability. BTFS also offers rapid file transfer and access, giving users greater convenience in managing and sharing files. By integrating key features of the BitTorrent Chain (BTTC), such as cross-chain connectivity and multichannel payment options, BTFS significantly enhances user experience. Currently, the BTFS network is experiencing rapid growth with over 8 million nodes across the network, including more than 6 million super miners, according to BTFS SCAN. To support the efficient operations of these nodes, BTFS initiated a rewards program and has provided an aggregate of 25 trillion BTT since the launch of BTFS Mainnet in 2019. Every two years, the BTFS rewards halving will occur causing the rewards for all storage miners across the network to be cut in half. (Halving roadmap) Moreover, halving will also prompt miners to improve node performance by optimizing node operation and reducing waste. In addition, an upgrade of the official website for the BTFS technical community and the release of BTFS v3.0 Mainnet will be scheduled in sync with the halving. These developments are expected to improve the efficiency of the BTFS protocol, expand the user base, and enhance its overall functionality. Looking ahead, BTFS is committed to continuously refining its storage rewards strategies. The goal is to expand the network of nodes participating in file storage on BTFS, providing developers with an efficient, secure, and reliable storage solution boosting both the capacity and the transaction efficiency of the BTTC network. About BTFS The BitTorrent File System (BTFS) is both a protocol and a web application that provides a content-addressable peer-to-peer mechanism for storing and sharing digital content in a decentralized file system, as well as a base platform for decentralized applications (Dapp). The BTFS team has been working on the latest network operations and BTT market sentiment, etc., to make a series of dynamic adjustments such as upload prices and airdrop reward schemes. About BitTorrent Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally. Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide. Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more. Website | Telegram | Medium | X | Media Contact John Chen press@bittorrent.com Contact Details John Chen press@bittorrent.com

May 28, 2024 07:53 PM Eastern Daylight Time

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NAVEX Releases 2024 Regional Whistleblowing & Incident Management Benchmark Report

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, has released its 2024 Regional Whistleblowing & Incident Management Benchmark Report. A deeper dive into the global data, it offers valuable insights into workplace culture by analysing 1.86 million global reports spanning 3,784 organisations that together employ more than 50 million employees. NAVEX analysed its global 2023 data by four main regions: Europe, North America, South America, and Asia Pacific (APAC). “Understanding how regional differences may impact the level and types of incident reporting is a key component of evaluating the effectiveness of a whistleblower program. Consistent analysis and benchmarking of whistleblowing hotline data empowers organisations to take action and evaluate their risk and compliance programs,” says Carrie Penman, Chief Risk and Compliance Officer at NAVEX. “NAVEX remains the gold standard in risk and compliance data analytics, continually innovating our benchmarks to enhance corporate compliance programs and offer insights into the trending risk areas. New this year, we analysed critical third-party reporting trends in our research to involve a group that represents a diverse and distinct view. In this way, business leaders will better understand how to nurture ethical culture throughout the business including the supply chain.” Europe-based organisations saw a larger share of reports from third parties In a first for this report, NAVEX analysed its database by both employees and third-party reporters. Europe-based organisations appear to have received a larger share of their reports from third parties than peers based elsewhere in 2023 (apart from South America, where some metrics in this analysis are subject to greater swings). This may be related to a greater focus on third-party due diligence in Europe driven by regulations such as the German Supply Chain Due Diligence Act (commonly referred to as LkSG), the European Union’s Corporate Sustainability Due Diligence Directive, and sanctions regimes. Third-party reporters are less likely to be anonymous than employees across almost all measures, but some nuances remain. For example, organisations based in Europe and APAC have roughly the same anonymity rate for employees, but third parties were more likely to stay anonymous when reporting to an organisation based in APAC. The Substantiation Rate (the rate of reports that when investigated prove to be correct or partially correct) for third-party reports made to organisations based in Europe was actually better than the rate for employees in 2023 – a surprising finding given the decreased proximity third-party reporters have to the organisation, its policies, and training. European headquartered organisations received the greatest share of reports of Bribery and Corruption The greatest share of reports pertaining to Bribery and Corruption by headquarters were for those based in Europe, which also showed a 10% year-over-year increase; 1.78% of reports in 2023 compared to 1.62% in 2022. Conversely, when looking at this category by report origination, reports in North America and Europe were far less likely than in APAC and especially South America to involve this Risk Type. March and October are peak months Interestingly, report volume is typically lower in the summer months. This appears true when looking at reporting by company headquarter location and by the region in which a report originated. Reporting shows two peaks across regions and measures – March and October. Europe shows increase in reporting…except the UK There were expectations that the implementation of the European Union Whistleblower Protection Directive would increase internal reporting activity across Europe, given that the regulation requires a wide swath of organisations to implement internal reporting systems. Data shows median Reports per 100 Employees is indeed increasing across mainland Europe. However, for the UK – notably not an EU member state and thus not subject to the Directive – report volumes fell. Comparing 2022 to 2023, organisations based in Europe saw median Reports per 100 Employees increase from 0.53 to 0.63, while in the UK, those values decreased from 0.53 to 0.43. This trend may change as the nation considers updates to its own internal reporting regulations, a process still under discussion in Parliament. Workplace Civility reports for European-based organisations more than doubled Workplace Civility issues (bad behaviour, bullying or abuse of power) experienced a major increase in frequency for organisations based in Europe; reports jumped 123% (2022 versus 2023). This trend was also evident in Europe by region of report origination, which experienced an 83% increase. By both measures, all regions saw this Risk Type grow year-over-year, yet Europe was particularly notable. Retaliation reports still low but are on the rise Finally, although always relatively low, retaliation reports represented a greater share of reports made for all four geographies in 2023 than in 2022, both in terms of headquarters and report origination region. Among the greatest increases were for organisations based in Europe, which saw a noticeable rise in frequency. Individuals who experience retaliation are much less likely to report again to the same channel, and this is likely a factor in the low overall volume of these types of reports. When reporters feel they cannot safely speak up internally, they may turn to an external regulator, revealing the need to address misconduct directly and for organisational change. Noting the protections provided to whistleblowers in various regulatory regimes, and that the EU Directive places the burden of proof on the organisation - not the reporter - proactive retaliation prevention processes are becoming more important than ever. Join our webinar for more insights on the 2024 Regional Whistleblowing & Incident Management Benchmark Report. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk, and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details NAVEX anita.lo@navex.com Company Website https://navex.com

May 22, 2024 09:00 AM Eastern Daylight Time

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Callan Family Office Launches Business Advisory Practice to Serve Business Owners Through All Phases of their Company’s Lifecycle

Callan Family Office

Callan Family Office, a registered investment advisor serving ultra-high-net-worth families, family offices, foundations and endowments across the United States, today announced the launch of a new offering focused on supporting business owners considering transacting or transitioning their businesses. The Business & Transaction Advisory Practice will be led by industry veterans Jeff Getty and Lisa Clifford. They educate owners on value optimization, exit option strategies, and value enhancement through due diligence preparation. Additionally, they work closely with the business owner’s legal and tax counsel on transaction structuring to minimize all levels of taxation in alignment with the client’s financial, philanthropic, legacy and estate planning goals. “Business owners represent a large segment of the U.S. GDP and most owners’ net worth,” said Jack Ginter, Chief Executive Officer of Callan Family Office. “Before selling or transitioning, an owner should ensure that their business is in its strongest possible position to allow them to generate maximum value. Jeff and Lisa have spent decades strengthening companies and preparing them for sale. We are excited to bring them on to lead this practice and deliver holistic support to business owners during all phases of their business lifecycle.” Getty and Clifford join Callan Family Office from Key Private Bank, where Getty led the family wealth consulting team and founded the Business Advisory practice. During his 14-year tenure, he managed a team of 12 professionals, providing support on approximately 30 to 40 transactions per year. Getty holds a Juris Doctor and Master of Science in Taxation. In addition, he is a Fellow in the American College of Trust & Estate Counsel (ACTEC®), Accredited Estate Planner (AEP®), Certified Merger & Acquisition Advisor (CM&AA®), Certified Financial Planner (CFP®), and Certified Value Growth Advisor (CVGA®). He is author of the book The Descent is the Real Climb: The Unexpected Truths About Successful Business Transitions. “Having spent two decades advising thriving business owners, we are thrilled to join a company synonymous with entrepreneurial success,” Getty said. “We look forward to assisting clients of Callan Family Office on how to prepare for this life-changing event.” Clifford holds the Certified Private Wealth Advisor® designation (CPWA®) and is a Certified Merger & Acquisition Advisor (CM&AA®). “Unlike other firms, we have an extremely narrow focus: maximize the value of our clients’ businesses in preparation for a sale,” Clifford said. “I’m proud of our work for hundreds of owners, helping them achieve their goals for their businesses and families. I look forward to delivering optimal value to Callan Family Office clients.” About Callan Family Office Independently owned and operated, Callan Family Office was founded by experienced wealth professionals to provide investment management, thoughtful personalized advice, and holistic financial planning to ultra-high-net-worth families, foundations, and endowments. The firm's principals have spent their careers serving ultra-high-net-worth clients and institutions. Callan Family Office has agreements with Callan LLC to use the Callan ® tradename in providing investment advisory services to the ultra-high-net-worth market segment and to access Callan's institutional quality research, education, and investment guidance experience. Callan Family Office and Callan LLC are independent, unaffiliated investment advisory firms separately registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Callan Family Office has agreements with Callan LLC to use the Callan ® tradename in providing investment advisory services to the ultra-high-net-worth market segment and to access Callan's institutional quality research, education, and investment guidance experience. Callan Family Office and Callan LLC are independent, unaffiliated investment advisory firms separately registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Callan Family Office (CFO) is the exclusive trademark licensee of Callan LLC. Callan LLC provides products and services to CFO. Clients of CFO are not clients of Callan LLC, and the parties are not affiliated. CALLAN, CFO and the other Callan trademarks and service marks are registered and/or unregistered trademarks of Callan LLC and may not be used without its permission. INVESTMENT ADVISORY SERVICES AND PRODUCTS PROVIDED TO CLIENTS OF CFO ARE PROVIDED SOLELY BY CFO AND NOT BY OR ON BEHALF OF CALLAN LLC. REPRESENTATIVES OF CFO ARE EMPLOYEES AND AGENTS OF CFO AND NOT EMPLOYEES OR AGENTS OF CALLAN LLC. Contact Details For Callan Family Office info@callanfo.com Company Website https://callanfamilyoffice.com/

May 21, 2024 10:00 AM Eastern Daylight Time

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Shareholder Warns Maker of Oreo That They are Endangering Their Brand

NLPC

Following the viral online ad it released about Oreo and its troubling partnership with LGBTQ advocacy group PFLAG, National Legal and Policy Center has published a follow-up video to promote a shareholder proposal it will present on May 22 at the annual meeting of Mondelez International, parent company of the cookie brand. NLPC’s resolution calls upon the multinational snack giant to scrutinize areas of risk where it has engaged in disturbing relationships with outside organizations, such as the one Oreo has with PFLAG. Other examples in the proposal cite Mondelez’s support for the Marxist, anti-law enforcement group Black Lives Matter Global Network Foundation, and the company’s partnership with the anti-Semitic UN Human Rights. “Mondelez is carelessly dashing through the consumer market dropping mines that very well could end up as tripwires for themselves,” said Paul Chesser, director of the Corporate Integrity Project for NLPC. “It’s not surprising since Chairman/CEO Dirk Van de Put also serves on the board of Anheuser Busch InBev, the company that self-inflicted the greatest brand destruction in many years last April with Bud Light.” As NLPC pointed out with its Oreo video released in February, PFLAG condones gender transition treatments for children as young as three years old, and battles to make sure books with explicit content are allowed in public schools and libraries. NLPC initiated its campaign to highlight the cookie-maker’s inappropriate relationship with PFLAG after it noticed the brand’s social media accounts – primarily on X (formerly Twitter) – were heavily populated with posts in support of PFLAG’s various narratives, causes and social advocacy. The new video released today calls attention to Mondelez’s alliances with BLM and UN Human Rights, as well as PFLAG. In a white paper filed with the Securities and Exchange Commission last month, NLPC also identified possible risky relationships the Chicago-based company has with organizations that include Human Rights Campaign, World Economic Forum, the World Health Organization, and others. The broader media is noticing the increasing criticisms of Corporate America’s fealty to the radical LGBTQ+ agenda that includes the sexualization of children. The Wall Street Journal last week reported on NLPC’s proposal for Mondelez, and last month the nonprofit corporate watchdog earned widespread coverage of its proposal at Disney, which sought equal treatment for employees who have been victimized by radical gender ideology. “The political winds have shifted from just a few years ago, yet Mondelez is still living in the past as if nothing has changed,” said NLPC Chairman Peter Flaherty. “Now that the extreme transgenderism push has inevitably progressed to endanger children, corporate involvement in social justice issues is more treacherous than ever. We urge Dirk Van de Put to wake up to the reality before it’s too late, or the consequences could be devastating.” ### 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

May 16, 2024 10:00 AM Eastern Daylight Time

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NAVEX Unveils Compliance Program Management: DOJ Guidance

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, announces the release of NAVEX Compliance Program Management: DOJ Guidance. This news comes on the heels of NAVEX’s recent addition of global whistleblowing rules and regulations to the Compliance Program Management solution. Compliance professionals can now navigate corporate governance regulations by mapping their current program to the latest Department of Justice (DOJ) guidelines, pinpointing weaknesses in minutes. A NAVEX survey found that nearly 44% of companies reported at least one regulatory investigation or enforcement action in the past two years. NAVEX Compliance Program Management: DOJ Guidance helps compliance professionals gain instant insights into gaps and vulnerabilities, ensuring their program meets DOJ expectations and minimizes their risk of legal penalties. “Compliance teams today struggle to identify areas of focus, particularly within DOJ guidance,” says Jazz Mimoun, global ethics program director at onsemi. “NAVEX Compliance Program Management: DOJ Guidance can be a useful tool to identify those areas and conduct internal analyses and risk assessments that actively improve a compliance program more effectively.” The solution translates DOJ guidance on corporate compliance into straightforward control recommendations backed by input from industry experts and GRC industry leaders. It removes the frustration of keeping pace with evolving regulations and offers a clear roadmap to: Clarify compliance with expert input: Translate open-ended compliance guidelines from the DOJ to clear-cut compliance statements vetted by legal experts. Score statements to quantify program performance and identify gaps and shortfalls. Demonstrate program value: Organize and score all GRC programs in a single web-based platform. Prove program value and effectiveness with digestible dashboards and board-ready reports. Stay audit ready: A single source of truth for collecting, organizing and accessing evidence of compliance activities and program structure, making it easier and more cost-effective to stay audit ready. Reduce unseen compliance risk: A program designed with industry-proven structures is the best defense against unknown or unwanted risks. Design and deploy a GRC program to effectively predict, manage, and mitigate those risks. "Companies are facing a lot of challenges that go beyond regulatory compliance. They're dealing with resource constraints, technology integrations, cross-departmental collaboration and more,” says NAVEX Chief Product Officer, A.G. Lambert. "NAVEX Compliance Program Management: DOJ Guidance will immediately help compliance professionals navigate many of these challenges upfront." For more information, visit NAVEX Compliance Program Management: DOJ Guidance. And read our blog. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver our solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. Contact Details NAVEX +1 617-388-5773 scott.levesque@navex.com Company Website https://navex.com

May 15, 2024 08:00 AM Eastern Daylight Time

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FOR IMMEDIATE RELEASE

Apple Rush Company, Inc.

Apple Rush Company, Inc. (Otcpink:APRU), a leading player in the functional beverage industry, proudly announces it has cleared up final details of brand ownership with Bob Corr and Corr Brands, Inc. Tony Torgerud, CEO of Apple Rush, has negotiated a historical closing on the rights and trademarks of Corr Brands, Inc. In the transaction, Bob Corr has agreed to transfer the rights of the Corr Brands, Inc. trademarks and to forgo any royalties from previous agreements to give Tony and Apple Rush the best opportunity to succeed moving forward. Tony Torgerud said, “I have been negotiating for a year with Bob and he finally felt it was time to work out an agreement that would benefit everyone. Over the next couple months, all the required paperwork will be filed for transference and updates on all intellectual property held by Corr Brands, Inc. Not having to pay royalties will add thousands to the bottom line.” This agreement solidifies the future of the “Rush” family of brands that have been in the market since 1972. Bob Corr stated, “I want to see Apple Rush succeed and I feel the timing is right to get this deal done. I retired a long time ago and it is now time to write the next chapters of this story and with Apple Rush having its own production capabilities and its own tunnel pasteurizer, it is an opportunity that shouldn’t be wasted. I have given up hundreds of thousands of dollars in royalties, licensing fees and shares to enhance shareholder value.” With our pilot production abilities, we hope to do some reformulations to introduce a 2024 version of Ginseng Rush and the relaunch of the original Apple Rush flavor line. Apple Rush has held a license for 13 states and International distribution for the last 8 years and now owns the IP without paying the $5,000 per state license, another bottom line gain for all of our stockholders. About The Apple Rush Company, Inc. The Apple Rush Company, Inc., through its subsidiary APRU, LLC, is a distributor of CPG products under the trademarked Apple Rush brand, Element brand and other labels. The Apple Rush brand has more than 50 years of existence in the natural beverage industry. As a historical leader in the organic and natural beverage sector our goal is to now become a leader in the distribution of anhydrous hemp oil products nationwide. For more information, please go to www.aprubrands.com, www.element-brands.com, elementk.kratomwave.store www.alkhemicalroots.com with our expanded product portfolio. Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. Contact Details Apple Rush Company, Inc. Tony Torgerud +1 888-741-3777 dtorgerud@aprullc.com Company Website http://www.aprubrands.com

May 14, 2024 10:00 AM Eastern Daylight Time

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NAVEX Announces Global Whistleblower Regulatory Compliance Management

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, today announced the launch of its Regulatory Compliance Management (RCM) solution. It helps organizations easily navigate and adhere to international whistleblowing compliance rules and regulations in all geographies where they operate – thus avoiding hefty fines and potential impact to business reputation. Whistleblowing is the first of many regulations to be covered, RCM will expand its offering to include other international directives and legislations. With the emergence of large-scale whistleblower regulations such as the EU Whistleblower Protection Directive and the Whistleblower Protection Act, multinational organizations face an even tougher challenge staying compliant and up to date with guidelines. NAVEX RCM will be invaluable to companies wishing to assess and analyze restrictions, requirements, and/or guidelines related to whistleblowing regulations across global jurisdictions. This includes intake methods, notice and consent requirements, reportable issue types, availability of anonymity, and other unique intake, data privacy, and incident management considerations. Prior to NAVEX Regulatory Compliance Management, organizations either assigned employees or paid lawyers a significant sum to track requirements painstakingly and manually. This resulted in hours spent understanding the information gathered on an ad hoc basis, whilst simultaneously balancing and updating internal policies. With NAVEX’s RCM solution, highly skilled subject matter experts will personally assess updates and provide tailored guidance on how to address regulatory changes. They will also offer continued insights and recommendations via an automated platform to empower customers to make informed and strategic decisions. Organizations with global operations gain access to the knowledge and expertise necessary to meet or exceed complex international compliance requirements, thereby reducing risk while reinforcing oversight responsibility. Unlike manual efforts, NAVEX RCM delivers information through an up-to-date web-based portal, rather than spreadsheets, PDFs, and Word documents. This platform enables customizable alerts and automatic notifications when information is updated. “By subscribing to Regulatory Compliance Management, changes are detailed directly in our software as countries update their legislation – all accessible from a centralized dashboard,” said NAVEX Chief Product Officer, A.G. Lambert. “NAVEX continually reviews regulations at the country level to help organizations remain compliant. When regulations are updated, the system will notify subscribed customers of the changes. Decisionmakers will then be able to assess these and update their existing incident management programs as required.” To learn more about NAVEX Regulatory Compliance Management, please read our blog or visit the product page here. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk, and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details NAVEX anita.lo@navex.com Company Website https://navex.com

May 14, 2024 09:00 AM Eastern Daylight Time

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The Chemours Company Has Been Implicated In A Securities Fraud Class Action Lawsuit – Here’s How Investors Can Get More Information

Benzinga

By Faith Ashmore, Benzinga The Chemours Company (NYSE: CC) has been under scrutiny for a securities fraud class action lawsuit filed in the United States District Court for the District of Delaware. The action, Taylor Jr. v. The Chemours Company, et al. affects anyone who purchased or acquired Chemours common stock between February 10, 2023, and February 28, 2024. Chemours, a chemical company, is accused of engaging in misconduct related to its financial reporting. The company claimed to have generated strong Free Cash Flow for the fourth quarter of 2022 and the full year of 2022, which is the amount of cash a company has available after accounting for operational expenses and investments in property and equipment. Chemours reported its Free Cash Flow figures and its CEO and CFO certified the accuracy of the numbers. Chemours also set criteria for executive compensation based on financial targets, including Free Cash Flow targets. Senior executive officers, including the CEO and CFO, were entitled to additional cash compensation and stock-based compensation if these targets were met. However, on February 13, 2024, Chemours announced a delay in releasing its financial results for the fourth quarter and full year of 2023. The company cited the need for additional time to complete its reporting process and evaluate its internal control over financial reporting. It also revealed that an internal review was being conducted by the audit committee. As a result of this announcement, the stock price of Chemours fell by over 12%. Then, on February 29, 2024, Chemours further shocked investors by announcing that its CEO, CFO and principal accounting officer were placed on administrative leave. The company disclosed that the investigation involved processes for reviewing reports made to the company's Ethics Hotline and practices for managing working capital, including their impact on incentive plans and certain financial metrics. Following this revelation, the stock price of Chemours plummeted by more than 31% to the price of $28.72 per share. On March 6, 2024, Chemours announced that the audit committee found evidence that senior management had deliberately delayed payments to vendors and accelerated the collection of receivables to meet Free Cash Flow targets and incentive compensation metrics. Kessler Topaz Meltzer & Check, LLP has filed a class action lawsuit against The Chemours Company based on the admission of the senior management’s securities fraud. Here’s How Investors With Losses Can Find Out More Information About Their Rights Kessler Topaz Meltzer & Check, LLP, located in Radnor, Pennsylvania, has earned a reputation for prosecuting class actions in state and federal courts throughout the U.S. and globally. It has successfully recovered billions of dollars for victims of fraud and other corporate misconduct. The firm is encouraging Chemours investors who have suffered significant losses to directly contact the firm for more information. To potentially qualify as a lead plaintiff in the Chemours class action lawsuit, investors must take action no later than May 20, 2024. They can move the Court to serve as lead plaintiff either through Kessler Topaz Meltzer & Check, LLP, or other legal counsel. Alternatively, investors can choose to do nothing and remain as absent class members. A lead plaintiff is a representative party who acts on behalf of all class members in the litigation. This individual or small group of investors typically has the largest financial interest and is considered adequate and typical of the proposed class of investors. The lead plaintiff also selects legal counsel to represent both the lead plaintiff and the class. If the court approves these attorneys, they become lead or class counsel. Applying to become a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit. CLICK HERE to submit your Chemours losses or to contact an attorney to discuss your rights: Jonathan Naji, Esq. (484) 270-1453 or email at info@ktmc.com. Featured photo by Tasos Mansour on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. This content may be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 14, 2024 08:25 AM Eastern Daylight Time

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