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Major Investors Sue to Void Over $3 Billion of Bausch + Lomb Spin-Off

Rolnick Kramer Sadighi LLP (RKS)

Some of the largest investors in what was once Valeant Pharmaceuticals International, Inc. (now known as Bausch Health Companies Inc.) have filed suit to have the spin-off of the Bausch + Lomb eyecare business voided and declared a fraudulent conveyance. The investors seek to have the transaction voided to the extent necessary to satisfy their pending multi-billion-dollar securities fraud claims against Bausch Health. The suit, which seeks a declaration from the court that the transfer constitutes a voidable transaction under the New Jersey Voidable Transactions Act, does not require a bankruptcy filing by Bausch Health. Rather, the statute only requires the investors to show that Bausch Health is not receiving reasonably equivalent value in return from Bausch + Lomb, and that the transaction will leave Bausch Health balance sheet insolvent, unable to pay future debts, or undercapitalized. Bausch Health currently faces twenty-one lawsuits for securities fraud arising from, among other things, its financial restatements in 2015 in connection with its now-defunct relationship with Philidor Rx Services. If the investors prevail in their new action against Bausch Health and Bausch + Lomb, the assets transferred to Bausch + Lomb can be used to satisfy a judgment, even though the suit alleges that those liabilities have not been transferred to Bausch + Lomb as part of the spin-off. “This case seeks to prevent investors from being deprived of recovering billions of dollars in damages arising from violations of the securities laws that occurred when Bausch Health and Bausch + Lomb were a single company called ‘Valeant Pharmaceuticals International’,” said Rolnick Kramer Sadighi LLP (RKS), counsel for some of the plaintiffs. According to RKS, “Valeant should not be permitted to spin off its most valuable assets into a new company and shield them from longstanding securities fraud claims without receiving reasonably equivalent value in return.” The investors allege that the spin-off of the Bausch + Lomb eyecare business will leave Bausch Health only marginally solvent and with potentially negative equity value according to several leading securities analysts. As such, the investors allege that Bausch Health likely will be unable to pay the $4.2 billion of pending securities fraud claims against it (with the plaintiffs to the fraudulent conveyance action accounting for over $3 billion). The investors allege that Bausch Health management has systematically misled shareholders and the public about the magnitude of the pending securities fraud claims. Among the investors who filed suit are GMO Trust, Brahman Capital, Okumus, SunAmerica Asset Management, MSD Partners, Discovery Capital Management, and Maverick Capital. “The time has come for creditors to challenge transactions in which assets are transferred to create one strong company and one weak company at the expense of creditors. We look forward to a judicial determination that this is a fraudulent conveyance,” said RKS. The suit is captioned GMO Trust, et al. vs. Bausch Health Companies Inc., et al., Docket No. C-12010-22, pending in the Superior Court of New Jersey, Chancery Division, Somerset County. About RKS: Rolnick Kramer Sadighi, LLP (RKS) provides strategic litigation solutions for the investment management community. Launched in 2020, RKS is a premier securities litigation boutique dedicated to serving the investment management industry, including hedge funds, mutual funds, private equity, credit, real estate, and structured finance firms. For more information, visit RKS online: https://www.rksllp.com Contact Details Arielle Goren +1 212-717-5863 agoren@kivvit.com Company Website https://www.rksllp.com/

March 29, 2022 02:45 PM Eastern Daylight Time

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Precision Computer Services Wins Negligence Lawsuit Against Newtown Savings Bank

Precision Computer Services

Technology firm Precision Computer Services, Inc. recently won summary judgment in its negligence lawsuit against Newtown Savings Bank. In 2017, the bank failed to identify a fraudulent wire transfer order, and bank employees sent $67,560 from Precision’s account to a bank in Hungary. Despite this failure, the bank refused to reimburse Precision for the unauthorized withdrawal. In 2017, the bank received an email from an individual pretending to be Precision president Michael FitzSimons. The email was sent from an email account with a similar but fraudulent domain name, a tactic known as “spoofing.” The email requested that funds be sent urgently to a bank in Hungary. Precision had never previously wired funds to Hungary nor did it have any payment history or business relationship with the recipient of the funds. The original lawsuit contended that the bank did not follow guidance concerning fraudulent spoofing schemes that was distributed in 2016 by the Financial Crimes Enforcement Network of the United States Department of Treasury. In its ruling, the district court noted that the bank failed to comply with reasonable commercial standards of fair dealing when it did not require multi-factor authentication of the wire transfer order, stating that “multifactor authentication is the lodestar of reasonableness in wire transfer transactions.” The judgment stated the bank “did not call FitzSimons to confirm that the payment originated from him, require FitzSimons to answer security questions, require the provision of identifying word or numbers, or the use of a passcode.” The bank failed to authenticate the payment order and failed to have the fraudster who purported to be FitzSimons prove his identity. “For nearly five years, Newtown Savings Bank’s leadership did not reimburse our company for the fraudulent wire transfer that it failed to authenticate,” said FitzSimons. “I’m deeply saddened that I put my trust in the leadership of my hometown bank that, in the end, failed to protect one of its longtime customers.” For more than 33 years, Precision Computer Services, Inc. has strategically partnered with technology providers to bring top-tier IT products and industry-leading innovations to the marketplace. More information is available at precisiongroup.com. The judgment is available here and at www.LawsuitPressRelease.com. Further information on the case is available at www.NSBLAWSUIT.com. Contact Details LawsuitPressRelease.com John P. David +1 888-859-6637 john@lawsuitpressrelease.com Company Website https://precisiongroup.com/

March 29, 2022 08:22 AM Eastern Daylight Time

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Minuteman Press Franchise in Irvine, CA Achieves Record Monthly Sales Driven By Apparel and Promotional Products Growth

Minuteman Press International Inc

Frank Matsumoto is the owner of Minuteman Press located at 18 Technology Drive, Suite 171, in Irvine, California. Frank has owned the business since 2010 and recently achieved record monthly sales. Frank says, “My growth was sparked by increases in apparel and promotional products sales. This made up 60% of my business while wide format printing was also a growth driver for us.” For nearly 12 years, Frank has built his brand by building relationships and following the Minuteman Press franchise business model to market his business. “I personally visit other local businesses to get to know other people and so they can get to know me. It also gives me the chance to see what they are doing in terms of promotional products as behind every counter are items like cups, pens, and t-shirts. Everywhere I go, I make sure to wear branded Minuteman Press apparel and I come prepared with our branded product catalogs. It starts with me wearing my own branded apparel and showing them our products, and then it goes – and grows – from there.” “As soon as I educate clients on our ability to go beyond printing, their mindset changes and suddenly they realize they can use our services for their apparel and promotional needs.” -Frank Matsumoto, owner, Minuteman Press franchise, Irvine, CA One client that has taken full advantage of Minuteman Press’ printing, apparel, and promotional products capabilities is HI-CHEW ™. Frank says, “We started our relationship on a phone call for a rush order of postcards. I visited with them, introduced myself, and secured the order. At first, we did a run of 25,000 die-cut postcards. This turned into a reorder for 75,000 and then later over 100,000 die-cut postcards featuring HI-CHEW™ products and coupons.” Frank continues, “Thanks to fulfilling that first order and then building that relationship, the number of items we’ve provided for HI-CHEW™ has grown considerably over the past four years. At the end of 2021, we did their string backpacks, sunglasses, laminated tote bags, t-shirts, 13,000 hand sanitizers, keychains, and stickers on their specialty buckets. We also provide branded apparel for their employees and for customer giveaways.” “There’s no way to replace the touch and feel of a promotional item or printed piece. It is simply good business to use print as a marketing tool to reach your target audience and help increase brand awareness as well as ROI.” -Frank Matsumoto Over the past two years, Minuteman Press in Irvine has remained open and operating throughout the pandemic as an essential business. During that time, Frank ramped up his marketing across all channels. He says, “We used mailers, built up our social media, and solidified our presence by generating positive Google reviews. We have earned a 5-star rating with nearly 100 reviews, and we are proud to receive such amazing customer feedback.” Today, as more business events return to Irvine, Frank has seen an uptick in trade show supplies. Frank says, “Orders for trade shows can include everything from booth displays, banners, and table throws to apparel and promotional products. For all of these items, Minuteman Press is here to help.“ “Irvine has one of the largest business hubs in Orange County. There are a lot of opportunities here, and I also am in a business complex building relationships each day with other business owners. I’ve used a combination of direct marketing, promotional mailers, email marketing, social media marketing, and networking through my BNI group to grow over the years.” Prior to franchising with Minuteman Press, Frank worked in sales. “I was looking at several franchises and did my due diligence. I really liked the structure of Minuteman Press, as well as the B2B nature of the business. I didn’t want to rely on walk-ins like a general retail store, and I love the Monday-Friday business hours. It gives me the freedom and flexibility to do things like pick up my daughter from school and take her to her fencing class while still being able to build my business.” Frank appreciates the ongoing local support he’s received from Minuteman Press since buying the business. “Whenever I need something, Dan Byers and the regional team is here to help me. I also like the FLEX software we use to manage all of the different aspects of the business.” When asked what the biggest lesson he’s learned over the past 12 years as a business owner, Frank answers, “What comes to mind is one of the first things that was taught during the Minuteman Press training program. There was a sign that said, ‘If you don’t market, you won’t make it.’ Over the years, and especially over the past two years, I can say that marketing has been huge for our sustained growth and success.” For more information on Minuteman Press in Irvine, CA, visit their website: https://www.irvine.minutemanpress.com. 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

March 28, 2022 10:00 AM Eastern Daylight Time

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NLPC Files Lawsuit Against FEC for Dismissing Complaint Against Alexandra Ocasio-Cortez for Massive Reporting and Contribution Violations

National Legal & Policy Center

The National Legal and Policy Center (NLPC), an ethics watchdog group, filed a lawsuit against the Federal Election Commission (FEC) in federal court in Washington, D.C., alleging that the FEC unlawfully and arbitrarily dismissed NLPC’s March 2019 complaint against Alexandra Ocasio-Cortez (AOC), Saikat Chakrabarti, her former Chief of Staff and his fundraising company, Brand New Congress LLC, and related political committees. NLPC’s 2019 complaint alleged that AOC and company failed to properly disclose hundreds of thousands of dollars in fundraising expenses and violated campaign contribution limits by using Chakrabarti’s Brand New Congress LLC to essentially operate her campaign without disclosing and itemizing campaign expenses over $200 as required by law. Instead, almost a million dollars were disclosed simply as “strategic consulting.” In its February 23, 2022 letter to the NLPC, the FEC simply noted that the FEC dismissed the complaint against AOC a month earlier in January, and was deadlocked 3-3 with respect to the Brand New Congress respondents. The FEC has yet to give any reason for its dismissal of NLPC’s complaint but said those belated reasons will be forthcoming. “This wasn’t dark money. It was pitch black money,” said Peter Flaherty, Chairman of NLPC. “This appears to be a scheme to spend hundreds of thousands to elect ‘progressive’ candidates without any of the required disclosure for any expenditure of $200 or more,” Flaherty added. “It is outrageous that the FEC would dismiss NLPC’s complaint that even former FEC Commissioners have indicated raise civil if not criminal violations,” said Paul Kamenar, NLPC’s counsel who filed the lawsuit. “We look forward to prevailing in court,” Kamenar added. ### NLPC’s Government Integrity Project has filed numerous ethics complaints with the FEC, IRA, DOJ, and Congressional Ethics Committees against government officials. For a copy of NLPC’s lawsuit, go to: https://www.nlpc.org/wp-content/uploads/2022/03/NLPC-v.-FEC-AOC-Complaint-with-Exhibits.pdf. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details Paul Kamenar +1 301-257-9435 paul.kamenar@gmail.com Company Website http://www.nlpc.org

March 28, 2022 09:00 AM Eastern Daylight Time

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NCMA Locks in High-Caliber Lineup for World Congress

National Contract Management Association

World Congress, the nation's premier event for contract management, procurement, and acquisition professionals announced the event's return to Chicago with an esteemed lineup to prepare for a "Yes, and" world. World Congress consistently features leaders and influencers as keynote speakers and leaders of engaging sessions. This year, World Congress attendees will hear from the most sought-after experts who continue to drive significant and impactful innovation, including: Chicago Jazz Philharmonic Double Quartet Jason Schenker, President, Prestige Economics and Chairman, Futurist Institute Zach Baumann, Talent Researcher, Air Force Personnel Center Orbert Davis and members of the Chicago Jazz Philharmonic Double Quartet will open World Congress and lead participants in an interactive and entertaining session on what great leadership looks, feels, and sounds like using the concepts of improvisation. Jason Schenker, one of the world's top economic and financial forecasters, will provide his outlook on the economy, financial markets, and labor market. Schenker is the President of Prestige Economics and Chairman of The Futurist Institute. He has been ranked one of the most accurate financial forecasters and futurists in the world. Bloomberg News has ranked Mr. Schenker a top forecaster in 46 categories, including #1 in the world for his accuracy in 26 categories, including for his forecasts of the Euro, the British Pound, the Swiss Franc, the Russian Ruble, the Chinese Yuan, crude oil prices, natural gas prices, gold prices, industrial metals prices, agricultural commodity prices, and U.S. jobs. Zach Baumann, an active-duty U.S. Air Force Support Officer who has been disrupting the DoD status quo since his first day of military field training, will close World Congress with a look at today's gaming communities and explore the power they hold for the future of the DoD. Specializing in the “people” enterprise, Bauman’s work has been repeatedly recognized for his innovative and “why not” approach to solving problems, shaping strategy, and influencing others. Before starting his current job as a talent researcher at the Air Force’s Personnel Center, Baumann completed an MBA at the University of Colorado – Boulder focused on analytics and entrepreneurship. In between classes, Baumann co-founded Air Force Gaming, a grass-roots movement of digital natives that is changing the future of how service members connect. “I am thrilled to welcome Jason and Zach to the main stage, and to bring powerful improvisation skills to our community,” said Kraig Conrad, NCMA Chief Executive Officer. The NCMA community is excited to hear from these world-renowned visionaries and learn how to re-imagine and re-shape the future of contract management. World Congress will be hosted as a hybrid event July 17-20, 2022, with both virtual and in-person experiences. The in-person event will be held at the Hyatt Regency Chicago in Chicago, and the virtual event will be delivered through an immersive online platform. Visit ncmahq.org/worldcongress for more details to learn more about the conference. The National Contract Management Association (NCMA), which was founded in 1959 and is the world’s leading association in the field of contract management. The organization, which has over 18,000 members, is dedicated to the professional growth and educational advancement of procurement and acquisition personnel worldwide. NCMA strives to serve and inform the profession and industry it represents and to offer opportunities for the open exchange of ideas in neutral forums. To find out more, please visit www.ncmahq.org. Contact Details Jennifer Knowlton +1 571-382-1127 jennifer.knowlton@ncmahq.org Company Website https://www.ncmahq.org/

March 25, 2022 09:12 AM Eastern Daylight Time

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CAF AMERICA JOINS AMERICAN CHAMBER OF COMMERCE IN POLAND TO LAUNCH CORPORATE AID FOR UKRAINE FUND

CAF America

CAF America, America’s nonprofit leader in international grantmaking with a network of more than 1.8 million charities globally, announced the launch of Corporate Aid for Ukraine (CAU) Fund in partnership with the American Chamber of Commerce in Poland’s (AmCham Poland) Corporate Aid for Ukraine initiative and with the support of the honorable U.S. Ambassador to Poland, Mark Brzezinski. The CAU Fund is a donor-advised fund that empowers corporations to provide effective, impactful aid to Ukrainians during this dire time. The fund is a critical resource in the current humanitarian aid landscape, providing access to frontline aid, enabling tax-deductible donations, providing support from the U.S. Embassy, and ensuring all charity partners are validated charitable organizations, among others. “We are honored to be working in partnership with the American Chamber of Commerce of Poland,” says Ted Hart, President & CEO of CAF America. “CAF America is currently working with over 50 charitable organizations across Europe to provide humanitarian support for Ukrainians, and this fund will help further those efforts by creating access for corporate donors to ensure their charitable contributions have the highest impact and go to those most in need.” “Corporate Aid for Ukraine and AmCham Poland are in a unique position to help the Ukrainian people, including the more than three million refugees who have fled their motherland – of which more than two million have already arrived in Poland,” says John P. Lynch, Founder of CAU, and AmCham Treasurer and Board Member. There is a massive and unprecedented need for financial support for humanitarian aid. “U.S. corporations and businesses are an incredibly important source of funding on the frontlines for aid,” says Tony Housh, Chairman of AmCham Poland. “Our advisory board and AmCham Poland will work in partnership to closely monitor the evolving situation and respond promptly to emerging needs and rapidly evolving challenges as this humanitarian crisis continues to develop.” Benefits of the CAU fund include: Frontline Aid. AmCham Poland, the board and volunteer executives are on the front line of the Ukrainian humanitarian crisis. The Critical Role of Poland. Poland is an EU and NATO-member nation bordering Ukraine. 62% of Ukrainian refugees are in Poland. There are proven open supply-chains into Ukraine from the Polish border. The CAU and AmCham board has decades of experience and are well-connected with Polish government, institutions and businesses, plus has strong contacts within Ukraine. We can get things done here near the front line. Tax-deductible donations. Corporate or individual donations to the CAU Fund to support Ukrainian aid will be fully tax deductible (under U.S. tax laws) as CAF America is a US public charity. U.S. Embassy Support. As AmCham's Honorary Chairman, U.S. Ambassador Mark Brzezinski “applauds AmCham's role in creating Corporate Aid for Ukraine and encourages U.S. firms to support front line Ukrainian humanitarian efforts such as the CAU Fund.” Donations from outside the United States. The CAU Fund can accept donations from companies and individuals from around the world, but non-U.S. donors should check their local regulations regarding the tax-deductible status of donations. Donations made to the CAU Fund in non-dollar currencies will be converted to US dollars and distributed to grantees in the currency of their preference. Strictly humanitarian aid. To qualify for tax-deductibility, donations must be used exclusively for humanitarian efforts. Among the many uses, your donations will be used for the purchase of food, hygienic products, medicines and medical supplies, and more. Straight to those in need. AmCham-appointed CAU donor advisors will advise donated funds to established, validated charities in Poland and aid organizations on the front lines providing immediate support to Ukrainian citizens in the country and refugees in Poland. Full Vetting. Every grantee will be vetted by both Charities Aid Foundation America and CAU / AmCham Poland. As AmCham's Honorary Chairman, U.S. Ambassador Mark Brzezinski said he “applauds AmCham's role in creating Corporate Aid for Ukraine and encourages U.S. firms to support front-line Ukrainian humanitarian efforts such as CAU. I am in deep admiration of this unprecedented initiative to help your neighbors in crisis. This is a perfect example of the very best the U.S. can be in the face of a crisis of historic proportions.” To learn more, please visit https://amcham.pl/corporate-aid-ukraine. About CAF America A leader in international philanthropy since 1992, CAF America (Charities Aid Foundation of America) has been assisting corporations, foundations, and individuals in making strategic, effective, and tax-advantaged gifts internationally and domestically. Whether supporting organizations worldwide, providing swift responses to major disasters, or helping build connections between global communities, CAF America turns donors' visions into impact. CAF America's worldwide reach translates into more than $1.5 billion in donor funds and over 1.8 million eligible organizations in 110 countries. About CAF The Charities Aid Foundation is a leading charity operating in the UK and internationally. Our work connects and enables the vital organizations, institutions and individuals working together to ensure that everyone has a stake in the future. We believe that the agency of lasting change lies across sectors and borders, in the hearts, minds and hands of those driven to make a difference. We exist to accelerate progress in society towards a fair and sustainable future for all. Experts in safe and effective cross-border giving, CAF is a UK-based foundation that works with private philanthropists, businesses, individuals and Government in the UK, US and Canada to send funds to charities working across hundreds of causes around the world. Contact Details Curley Company Erika Dyer +1 703-906-6368 erika@curleycompany.com Company Website https://www.cafamerica.org/

March 24, 2022 02:55 PM Eastern Daylight Time

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Minuteman Press Printing Franchise in Libertyville, Illinois Has Grand Opening

Minuteman Press International Inc

Tamika and Martin Neal are the new owners of their Minuteman Press franchise located at 113 E. Cook Ave., Libertyville IL 60048. They recently held their grand opening in conjunction with the GLMV Chamber of Commerce. Tamika says, “At Minuteman Press in Libertyville, we pride ourselves on personalized service. We can transform your vision into a creative, professional product for a full range of printed materials.” Prior to becoming Minuteman Press owners, Tamika and Martin worked in real estate and law enforcement. Tamika shares, “Martin was and is currently a police officer. I was a realtor and we jointly invested in real estate primarily in Chicago.” “We chose to franchise with Minuteman Press because they are highly ranked in the printing industry and have a proven track record of success. We were very impressed with the ongoing training and support and the ability to have a local field representative assist us as we grow our business.” -Tamika Neal, Minuteman Press franchise owner, Libertyville, IL Already, Minuteman Press in Libertyville is helping their clients by providing high-quality, in-demand products. Tamika says, “We’re finding that brochures, booklets, and direct mail are in very high demand. These marketing materials help businesses stand-out, stay top of mind, and attract new customers.” For more information on Minuteman Press in Libertyville, visit https://minuteman.com/us/locations/il/libertyville. Learn more about #1 rated Minuteman Press franchise opportunities at https://minutemanpressfranchise.com. Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

March 22, 2022 09:15 AM Eastern Daylight Time

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Roberts & Ryan Teams with Robert Irvine Supporting Our Nation's Veterans

Roberts & Ryan Investments, Inc.

Contact Details For Press Inquiries Please Contact Joe Pecoraro +1 917-658-8945 jpecoraro@roberts-ryan.com Company Website https://www.roberts-ryan.com

March 22, 2022 09:00 AM Eastern Daylight Time

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Kamau-Imani Appointed Election Integrity Chief

Sharon Macasil - Media Kamp, LLC.

In the aftermath of what can only be called a disastrous 2022 Texas Primary, the Texas Nationalist Movement (TNM) has created a new task force focused on Texas election integrity. Apostle Claver T. Kamau-Imani has been appointed Director of the TNM Election Integrity Task Force. Kamau-Imani’s recent post was as campaign manager for the 2022 Texas Lt. Governor candidacy of Daniel Miller. He currently serves on the TNM Advisory Board, is Chief Counsel to the President of the TNM, and chaplain. The 420,000+ members and supporters of the TNM are outraged at the conduct of the just-concluded Texas primary and the organization’s leadership team is intent on expanding its activism to include the issue of Texas election integrity. A Statement from Apostle Claver T. Kamau-Imani: “It’s very humbling and an honor to have fellow Texas-first, liberty-driven patriots continue to call on me to play critical roles in our collective activism. I want to express my gratitude to the TNM brain trust for expressing such confidence in my leadership abilities. “This is a daunting task. We must educate our members, supporters, and concerned Texans of all political stripes about the untrustworthiness of the Texas election system. The task force will achieve three objectives: continue investigation, build an election ground force through the establishment of a coalition, and construct the framework for 2023 election integrity legislation. “As of now, Texas does not have a trustworthy election system. The electorate is full of doubt about election outcomes. Until a trustworthy election system is created in Texas, the legitimacy of the Texas government will remain in question.” A statement from Daniel Miller, Founder and President of the TNM: “Over the years Claver has become an important part of our team. Post-election he has already been working on this issue, and it was a natural choice to ask him to continue his current work of investigation into what happened in the 2022 Texas Primary, but also take the lead on establishing the ultimate solution to this most-crucial component of our state governance.” Contact Details Sharon Macasil Sharon@mediakamp.com

March 21, 2022 01:07 PM Eastern Daylight Time

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