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Velocity Global appoints finance and technology executive Junko Swain to its board of directors

Velocity Global

Swain to lead the Audit Committee Brings over 25 years of experience in finance and accounting Velocity Global, the leading provider of global talent solutions, announced today that notable finance and technology executive Junko Swain has joined its board of directors, where she will serve as an independent board member and lead the Audit Committee. “I have admired Junko for years. Her reputation is unparalleled across Silicon Valley, and my own personal interactions with her only furthered that sentiment,” said Ben Wright, founder and CEO of Velocity Global. “You know a strong finance leader when you see one, and I’m honored that Junko will bring that financial leadership excellence to our company as a board member. Furthermore, her experience in human capital management and deep understanding of company operations at scale will be a huge lift to our team.” Before joining Velocity Global’s board of directors, Swain held senior leadership positions with several technology companies, including Upwork, Vantiv, Apple, VMWare, and eBay, and successfully led the transformation of finance operations throughout the IPO process for two of these companies. In addition, Swain is a strong advocate for flexible work models and the future of work, having successfully built a strong performance-oriented finance organization by utilizing both independent talent and full-time employees at Upwork as well as a scalable organization through hybrid workforce management models, M&A integrations, and global finance operations at eBay. Swain joins Robert Schlossman and recently-announced Francoise Brougher as independent board members, along with investor board members Cas Schneller, Kunal Aurora, and Parker Barrile. “I'm passionate about the future of work as I've seen and personally experienced significant changes in the workplace in the past several years,” said Swain. “The rise of remote and hybrid work has opened up more diversity and equity for talent globally while allowing companies to access a truly global talent pool. Velocity Global is a pioneer in enabling employers and top talent to work with each other, regardless of location. I'm thrilled to join Ben and the team on the journey to providing borderless and boundless employment at scale.” The company’s Global Work Platform™ seamlessly connects employers and talent worldwide through proprietary cloud-based talent management technology, personalized expertise, and unmatched global scale. Users access a streamlined technology interface and partner with a dedicated customer experience team for individualized solutions and support. About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform™ simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. The platform offers a full suite of talent solutions, including global Employer of Record and Contractor Management, to help companies onboard, manage, and pay talent in more than 185 countries. Thousands of brands rely on Velocity Global to build international teams without the cost or complexity of setting up foreign legal entities or state registrations. Velocity Global was named a "Leader" in Global Employer of Record Services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information, visit velocityglobal.com. Contact Details Velocity Global Anja Koltes +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

December 06, 2022 09:00 AM Mountain Standard Time

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Apple, CEO Tim Cook Can’t Ignore China Risks Any Longer

National Legal & Policy Center

As the Wall Street Journal reported over the weekend, Apple Inc. is belatedly taking steps to diversify its supply chain as it experiences costly delays – just as the holiday shopping season ramps up – in getting its merchandise to consumers, due to the company’s overdependency on production in communist China. The troubles were absolutely foreseeable, but Apple’s board and CEO Tim Cook have demonstrated they have a huge blind spot when it comes to the oppressive dictatorship. They espoused all the benefits of working with and in China, while failing to account for the human and financial costs of doing business with the brutal regime. Apple even willfully cooperates with the communist government by removing apps from its platform, censoring content, hosting cloud content where it is accessible by the regime, and most recently removing a private peer-to-peer Airdrop sharing function on Chinese customers’ iPhones. As a result, National Legal and Policy Center – which owns stock in the Cupertino, Calif. tech giant – will sponsor a shareholder proposal at the company’s next annual meeting in March 2023. “Tim Cook and Apple’s board got caught with their pants down. Stronger leadership would have seen this coming,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “The company has now heard from U.S. Senators from both political parties about ‘doing, in effect, the bidding’ of the Chinese Communist Party, and its immoral reliance on Chinese labor.” “Mr. Cook refused to respond to questions from the media about Apple’s unhealthy entanglements with the communist government, but shareholders expect him to not be so evasive when they demand answers.” The text of NLPC’s proposal for a “Communist China Audit” report for Apple’s 2023 annual meeting follows: RESOLVED: Shareholders request that, beginning in 2023, Apple Inc. report annually to shareholders on the nature and extent to which corporate operations depend on, and are vulnerable to, Communist China, which is a serial human rights violator, a geopolitical threat, and an adversary to the United States. The report should exclude confidential business information but provide shareholders with a sense of the Company’s reliance on activities conducted within, and under control of, the Communist Chinese government. Supporting Statement: American companies doing business in China is a controversial public policy issue, according to an April 2, 2021 CNN report titled, “Doing business in China is difficult. A clash over human rights is making it harder.” Apple does business in – and relies on materials, parts, labor and/or services from – entities in China. China is a serial violator of human and political rights. China is also hostile to the U.S. for a variety of reasons, including: — China intends to displace the U.S. as the lone global superpower by 2049; — The U.S. has committed to defend Taiwan, which China has asserted is part of its country and may attempt to seize by force; — U.S.-China relations are tense over a number of issues including China’s military expansion; egregious human rights violations; actions related to the COVID pandemic; intellectual property theft; relentless espionage; elimination of freedom in Hong Kong; and environmental pollution. China has also indicated that it would use its industrial capabilities for strategic purposes against adversaries. Many Chinese companies – which are ultimately under the control of the Communist government – are vulnerable to the U.S. Holding Foreign Companies Accountable Act, do not adhere to basic auditing standards, and are therefore untrustworthy. China, and by extension the companies it controls, were also identified in the U.S. State Department’s 2022 Trafficking in Persons Report as a state sponsor of human trafficking. They are now subject to the Uyghur Forced Labor Prevention Act, which imposes strict verification of parts and products imported from China, that they are not generated from slave labor. Apple’s extensive ties to China also breed reputational risk for the company. For example, while the company funds groups that promote the interests of homosexual and transgender individuals, the Communist government persistently and vigorously cracks down on those forms of identity. A July 2022 joint statement from the leaders of the British and American domestic intelligence agencies warned that the Communist Chinese Party is the greatest threat to the international order. “We consistently see that it’s the Chinese government that poses the biggest long-term threat to our economic and national security, and by ‘our,’ I mean both of our nations, along with our allies in Europe and elsewhere,” said Federal Bureau of Investigation Director Christopher Wray. Given the controversial, if not dangerous, nature of doing business in and with China, shareholders have the right to know the extent to which Apple’s business operations depend on Communist China. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Paul Chesser +1 703-237-1970 pchesser@nlpc.org Company Website http://www.nlpc.org

December 05, 2022 10:28 AM Eastern Standard Time

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Best Workplaces for Parents™ Give 16 Weeks for Maternity Leave

Great Place to Work - USA

In a year when many companies are cutting back on paid parental leave, great workplaces are increasing time off for working parents. Paid parental leave among the 2022 Best Workplaces for Parents ™ averages 16 weeks for new moms, and nearly 12 weeks for new dads. These companies have increased paid parental leave since 2020, while other employers, according to a June survey from the Society for Human Resource Management, have cut maternity and paternity leave this year, returning to pre-pandemic levels. Not only are winning workplaces remaining competitive by increasing paid leave, but they have cultures where new parents can actually take their available leave. More than 90% of moms and 70% of dads take parental leave their companies offer. “What sets these companies apart is they have cultures that allow new parents to take paid leave without fear—fear of losing their job, fear of missing out on a promotion, fear of getting left behind,” says Michael C. Bush, CEO of Great Place To Work®. “Offering time off in cultures where it can’t really get taken erodes trust.” Great Place To Work determined this year’s Best Workplaces for Parents list by analyzing data from more than half a million employees with parenting responsibilities. That research revealed three key areas companies must invest in to remain competitive to working parents. Top retention drivers for working parents: 1. Expand special and unique benefits, such as paid leave. Nearly nine out of 10 parents at the Best Workplaces for Parents say their company has “special and unique benefits,” and when that’s true, they’re 65% more likely to stay with their employer. 91% of parents at winning companies want to work at their companies for a long time, compared with 55% of parents at a typical U.S. workplace who are open to changing jobs by the end of this year, according to a July Great Place To Work market survey of nearly 2,200 working parents. 2. Connect meaning to work. Purpose is the top retention driver for parents as well as a key predictor of employee attrition for all workers. Parents at a typical workplace experience less meaning at their jobs — just 57% — compared with 88% at the Best Workplaces for Parents. There is a three-fold increase in the odds that a parent will stay with their company if they believe their work has special meaning and is more than “just a job.” 92% of parents at winning companies feel they make a difference at their job compared with 66% at a typical workplace. 3. Offer work-life balance support. 91% of parents at winning workplaces say they’re encouraged to balance their personal and work lives compared with 62% at a typical workplace. Parents are nearly 40% more likely to feel their company is a great place to work if they believe people are encouraged to have a healthy work-life balance. 94% of parents at great workplaces report people give extra at work compared with 54% of parents at a typical workplace. Parents are 16% more likely to plan to stay at their companies for a long time if they believe people are encouraged to have a healthy work-life balance. The Best Workplaces for Parents in 2022: The top 10 among large organizations (1,000+ employees): 1. Cisco 2. Slalom Consulting 3. Hilton 4. American Express 5. Comcast NBCUniversal 6. Deloitte 7. NVIDIA 8. PricewaterhouseCoopers LLP 9. Accenture 10. Bain & Company, Inc. The top 10 among small- and medium-sized organizations (10-999 employees): 1. Greenhouse 2. Ro 3. Jobot 4. Ripple 5. Maven Clinic 6. Lattice 7. Thumbtack, Inc. 8. Collaborative Solutions 9. Sprout Social 10. GitLab Visuals available: Companies with great cultures increase parental leave; Meaningful work drives retention for parents About the 2022 Best Workplaces for Parents Great Place To Work determines the list using our proprietary For All™ methodology to evaluate and certify thousands of organizations in America’s largest ongoing annual workforce study, based on over 1 million employee survey responses and data from companies representing more than 6.1 million employees, this year alone. Over 568,000 responses were from employees with parenting responsibilities. To determine the Best Workplaces for Parents™ list, Great Place To Work measures the differences in parents’ survey responses to those of their peers and assesses the impact of demographics and roles on the quality and consistency of parents’ experiences. Statements are weighted according to their relevance in describing the most important aspects of an equitable workplace for parents. To be considered for the list, companies must be Great Place To Work Certified™ and have at least 50 responses from parents in the U.S. We require statistically significant survey results, review anomalies in responses, news, and financial performance, and investigate any employee reports of company noncompliance with strict surveying rules to validate the integrity of the results and findings. Data is also normalized to compare companies fairly across sizes and industries. Companies with 10 to 999 people are considered for the small and medium category; companies with 1,000 employees or more are considered for the large category. To get on this list next year, start here. About Great Place To Work Great Place To Work® is the global authority on workplace culture. Since 1992, it has surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Its employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything it does is driven by its mission to build a better world by helping every organization become a great place to work for all. Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram. Contact Details Kim Peters: +1 415-844-2574 kpeters@greatplacetowork.com Company Website https://www.greatplacetowork.com/

December 02, 2022 07:00 AM Eastern Standard Time

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Tax Policy Leaders Focus on New Markets Tax Credit

New Markets Tax Credit Coalition

Tax policy trends and economic recovery for underserved urban and rural communities were the focus as the New Markets Tax Credit (NMTC) Coalition held its annual NMTC Conference November 30-December 1, 2022. The event featured several members of Congress and the CDFI Fund Director as keynote speakers. Conference participants noted the need to pass legislation calling for the NMTC’s permanence as a key tax policy. The event kicked off with NMTC Coalition President, Aisha Benson, welcoming speakers and guests alike. The experienced NMTC practitioner and CEO of Nonprofit Finance Fund highlighted recent successes and looked to the future of the New Markets Tax Credit Coalition. Keynote speakers included Senator Steve Daines (R-MT); and Mike Kelly (R-PA); Jodie Harris, Director, CDFI Fund, U.S. Department of Treasury and Graham Steele, Assistant Secretary, Financial Institutions, U.S. Department of the Treasury. Panelists included congressional staff, NMTC board members and leadership, investors and economic development leaders, Treasury Department officials and legal experts. Panels held discussions on the trends in NMTC projects, the pending expiration, the investor demand and pricing, legislative hurdles, and the latest insights from the Treasury Department. In 2019, the NMTC was extended for one year (2020) with a 44 percent increase in allocation authority from $3.5 to $5 billion. In December 2020, Congress enacted a 5-year, $25 billion NMTC extension through 2025, the largest in the program's history. These two NMTC expansions were only possible because of the significant support for the NMTC in both parties. In the 117th Congress, nearly 170 members of Congress, evenly divided between Democrats and Republicans, took action in support of the NMTC by cosponsoring legislation expanding the Credit, making it permanent, or increasing the allocation levels. “I look at the results and outcomes for return on investment and NMTC is a perfect example of a very good investment of taxpayer dollars to get a great return,” said Sen. Daines. “Don’t give up on telling your stories as you have on the Hill yesterday about the merits and projects that are being delivered and how its helping our communities. Just keep that push going.” “It’s not just an investment in a property, it’s an investment in the future,” said Rep. Kelly. “It’s taking a cost prohibitive property and turning it into a revenue producer… it’s taking something the community no longer values and making it an asset... This credit, by the way, is the answer, it’s the answer.” At the conference, Rep. Kelly and Rep. Terri Sewell (D-AL) released a sign on letter to their House colleagues that urges the House Leadership to support including a permanent extension of the NMTC in any year-end tax legislation. “With more than two decades of bipartisan successes under our belt, we’re continuing our push to increase funds and to make the NMTC permanent,” said Bob Rapoza, NMTC Coalition spokesperson. “At a time when the economic frailty of our underserved communities has never been more apparent, we see a tremendous opportunity for our coalition to help create jobs, spread opportunity and help put America back on a solid financial footing, and we implore Congress to make it happen.” Neither the current Congress nor the Biden administration has diminished support for the NMTC. The New Markets Tax Credit Extension Act of 2021 (H.R. 1321/S. 456) has already amassed over 140 combined cosponsors from both parties. The Biden Administration's Fiscal Year 2023 tax proposals included a permanent extension of the NMTC as well. About New Markets Tax Credit Program The New Markets Tax Credit (NMTC) was enacted in 2000 to stimulate private investment and economic growth in low-income urban neighborhoods and rural communities that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. Since its inception, the NMTC has generated more than one million jobs. Today due to NMTC, more than $120 billion is hard at work in underserved communities in all 50 states, the District of Columbia, Guam and Puerto Rico. For more information, visit www.NMTCCoalition.org. Contact Details Bob Rapoza +1 202-498-9921 bob@rapoza.org Company Website https://nmtccoalition.org/

December 01, 2022 02:53 PM Eastern Standard Time

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Going, Going, Gone: New Study Reveals Workers Flip The Script on Traditional Work

MBO Partners

The signal finding of the MBO Partners 2022 State of Independence report is the continued surge in independent work, with more than half of all Americans now freelancing or have freelanced at some point in their careers. Upended by the pandemic, 64.6 million Americans now pursue independent work, a dramatic 69% growth since 2020. There have never been more payroll jobs in the U.S.: 153 million, and there have never been more people working independently. Across the board, the old stereotypes and tropes about independent freelancers and workers are being upended. Independents are growing in number, becoming more centered in the economy, and forming connections to one another and to companies large and small. Further, the old tension of payroll jobs draining the independent workforce has been eradicated as workers get comfortable with owning their economic reality by creating their own jobs. “Beyond the pandemic and macroeconomic climate, the underlying factor driving the thrust in independent work is institutional mistrust,” said Miles Everson, CEO, MBO Partners. “We don’t trust institutions to have our best interests at heart and our proof points have mounted as we have faced the challenges of the past few years. As we have come to question our view of security, workers have realized that creating a job is no greater risk than having a traditional job.” The annual State of Independence in America report is the country’s longest-running end-to-end study of the American independent workforce, now in its 12 th year. This year’s study showed six key insights about the independent American workforce, including: Demand is boosting supply. The number of Full Time Independents, those regularly working more than 15 hours per week, soared 27% to 21.6 million, up from 15.3 million in 2019. By 2025, more than half of all Americans will be independent or will have worked independently at some point in their careers – a massive tipping point in the conversation about the future of work. Happier, healthier, and more financially secure. People are increasingly turning to independent work to regain control and autonomy over their life and their career. And they’re happy doing it, with 76% reporting that they are “very satisfied,” 87% saying they are happier, 80% reporting better health, and 67% feeling more financially secure than their traditionally employed counterparts. Test driving independence grows in popularity. The number of Occasional Independents— people who earn money periodically by working at least once a month as an independent— more than tripled from 2020 to 2022, rising from 15.8 million to 31.9 million. These workers do so by and large to supplement income (the side hustle is real) but also to build a bridge to a larger independent career, to fill a passion, and more. Younger workers call the shots. While Millennials (ages 27-42) are the largest independent cohort, Gen Z (ages 18-26) are coming into the scene in larger numbers vs. opting for a traditional career. Together, these two groups make up half of the independent workforce and are predicted to be the dominant force by 2023. What does this mean? As younger workers take their careers into their own hands, the workforce must evolve to match where the workers go, and that work is independent. Independents are becoming increasingly diverse. Between 2019 and 2022, the proportion of white independents fell from 84% to 77%, while African Americans doubled from 7% to 14%. Among the creator economy, those who earn money by creating and distributing digital content, the percentage is even higher, 20%. With hustle, there is flow. As the number of independents rise, more are reporting higher incomes, with some 4.4 million earning more than $100,000 in 2022. That’s up 16% from last year, and it comes on the heels of a 27% increase in 2021, due in part to the economy’s recovery from the pandemic. To obtain a copy of the full 2022 State of Independence study, please visit https://www.mbopartners.com/state-of-independence/. About MBO Partners®​ MBO Partners is a direct sourcing platform that enables enterprises and independents to work efficiently together. Its unmatched experience and industry leadership enable it to operate on the forefront of the independent economy and consistently advance the next way of working. For more information, visit​ ​mbopartners.com​ Contact Details Karen Swim +1 586-461-2103 karen@wordsforhirellc.com Company Website https://mbopartners.com

November 30, 2022 09:00 AM Eastern Standard Time

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Velocity Global Appoints Tech Leader Francoise Brougher to Its Global Board of Directors

Velocity Global

Brougher to spearhead the company’s Compensation Committee Brings over 25 years of operational and go-to-market experience Velocity Global, the leading provider of global talent solutions, announced today that notable technology executive Francoise Brougher has joined its board of directors, where she will serve as an independent board member and lead the company’s compensation efforts. “Francoise is exactly the type of board member we need to lead Velocity Global through the next phase of our growth. She led companies that we all admire through keen insights and operational leadership. Francoise knows what great looks like at scale,” says Ben Wright, CEO and board chair at Velocity Global. “Furthermore, I personally deeply admire her courage through a tough journey at Pinterest. Her experience, strength, and hope should encourage every one of us to stand up for what’s right as we move through our careers. It’s a true honor to have Francoise join our team, and I can’t wait to see where we take this company as we simplify work anywhere.” Brougher spent eight years running business and operations strategy as well as SMB global sales and operations at Google. After her time at Google, she was the global business lead at Square, supporting the company’s IPO. Brougher then joined Pinterest as chief operating officer. She serves on the board of Sodexo, which employs over 400,000 people and serves over 100 million customers per day. Brougher joins Robert Schlossman as an independent board member along with investor board members Cas Schneller, Kunal Aurora, and Parker Barrile. “I am excited to join Ben and the team at Velocity Global to empower companies to employ talent anywhere. In a world that is becoming more competitive, the ability to hire anywhere is a great differentiator. The Velocity Global platform does just that so companies can focus on their core strategy,” says Brougher. The company’s Global Work Platform ™ seamlessly connects employers and talent worldwide through proprietary cloud-based talent management technology, personalized expertise, and unmatched global scale. Users access a streamlined technology interface and partner with a dedicated customer experience team for individualized solutions and support. About Velocity Global Velocity Global helps employers compliantly hire talent in more than 185 countries. Its Global Work Platform™ combines cloud-based HR technology and unmatched human support to simplify onboarding, pay, benefits, and workforce management across borders. Velocity Global’s full suite of solutions includes global Employer of Record, Contractor Management (Agent of Record), Multi-Country Payroll, Global Benefits, and more. Named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall, Velocity Global was founded in 2014 and has hundreds of employees across six continents. For more information, visit velocityglobal.com. Contact Details Velocity Global Anja Koltes +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

November 29, 2022 11:00 AM Mountain Standard Time

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Ready for Ron Petition Surpasses 100,000 Signatures

Ready for Ron

Ready for Ron, the only credible independent group working to Draft Florida Governor Ron DeSantis to run for President, announced its Draft Petition has surpassed more than 100,000 signatures. Organized by senior strategist Ed Rollins and appellate attorney and conservative activist Lilian Rodríguez-Baz, the 100,000 signature milestone reflects the growing national movement urging Ron DeSantis to run. “We’ve already blown past 100,000 Americans expressly urging Ron to Run, and by the time we’re done, it’ll be millions, and Ron DeSantis WILL be our next President,” stated Lilian Rodriguez-Baz, Chief Legal Strategist for Ready for Ron. The petition effort continues to grow with TV and digital advertising, direct voter outreach, and expanding grassroots efforts. Veterans Ready for Ron, led by 2016 RNC Vets director Bob Carey, and Students Ready for Ron led by Young Americans for Liberty field organizer Dylan Dean, fielded volunteers collecting signatures on Election Day at polling sites nationwide, kicking off an aggressive field campaign. The petition is also the focus of a lawsuit Ready for Ron brought in the U.S. District Court for D.C. against the Federal Election Commission (FEC) challenging an FEC Advisory Opinion preventing Ready for Ron from sharing with Governor DeSantis the names of those who signed a petition encouraging him to challenge Joe Biden. Ready for Ron’s counsel, veteran political lawyer Dan Backer, who brought the case said, “Millions of Americans want Ron DeSantis to run. More than 100,000 have signed their names to Ready for Ron’s draft petition. It’s the ultimate act of political free speech and association, and there is simply no basis for saying they cannot give those names to the Governor if – and when – he heeds their call and runs. We’re going to fight to protect our right to Free Speech and Free Association and to draft DeSantis to seek the Presidency, and we’re going to win.” “We are thrilled to have reached this significant milestone on our way to building one of the biggest grassroots movements ever,” Rodríguez-Baz continued. “The radical left is risking our future. We must change course immediately. While with the economy, inflation, crime, and erosion parental rights and the American way of life, we need confident, dependable, and proven leadership like only Ron DeSantis can deliver – and the American people are making their voice loud and clear.” Following nearly six months of work by Ready for Ron, Governor DeSantis has a growing lead in several polls in key states. The advertising efforts, phone calls, petition, and grassroots campaigns are helping generate significant lead s in key battleground states and in the hearts and minds of the American people. “If Election 2022 proved anything, it’s that DeSantis is the complete package: He is a true leader, seeing out the day-to-day roles and responsibilities that political leadership demands in good times and bad. DeSantis sticks to his principles — real, patriotic, American principles that don’t turn with the tide — but not at the expense of public service. DeSantis is not just a politician with savvy instincts; he is a public servant through and through,” wrote Ready for Ron Chief Political Strategist Ed Rollins in a November 10th op-ed in FoxNews.com. “DeSantis is not about ego or media hype; he is about results. That’s why Americans are ready for Ron to win the White House next.” Ready for Ron continues its TV and online advertising efforts to engage Americans to sign the petition at ReadyForRon.com to Draft Ron DeSantis to run in 2024. ### For more information or to schedule an interview with a ‘Ready for Ron’ spokesperson, please contact Dan Rene at 202-329-8357 or dan@readyforron.com. Contact Details Dan Rene +1 202-329-8357 dan@readyforron.com Company Website https://www.readyforron.com/

November 28, 2022 09:30 AM Eastern Standard Time

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Volatus Aerospace Expands Product Distribution to US Market with Acquisition of Empire Drone Company LLC.

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (“Volatus” or “the Company”) announced today that it has signed an arm’s length definitive agreement to acquire Syracuse-based Empire Drone Company LLC., one of North America’s fastest-growing distributors and integrators for unmanned aerial systems. With Fortune Business Insights projecting the commercial drone market to grow to $47.38 billion by 2029 at a CAGR of 28.58%, the addition of Empire Drone in the USA positions Volatus to capitalize on this opportunity by adding to its growing global presence in key markets for green drone technologies, which includes Volatus Aerospace LATAM in South America, Omniview Tech in Canada, and iRed Remote Sensing in the UK. “Volatus is already a major distributor and developer of civil and defence drone solutions in Canada,” said Glen Lynch, CEO of Volatus Aerospace. “The addition of Empire Drone solidifies our footprint in America and positions us for improved margins and accelerated growth in America with a US depot and US-based support.” “Joining Volatus provides Empire with the resources needed to accelerate our growth,” said Sean Falconer, CEO and founder of Empire. “We’ll become a more important partner for our existing OEM suppliers and increase our offering with Volatus technologies such as the Aerieport remote nesting station, Hydra Crawler, and other Volatus defence and public safety products. It’s long been my goal to be a dominant player in the United States and this deal will give me the resources needed to get there.” Empire Drone is expected to generate revenue of C$2.5M in 2022 with a 6% EBITDA margin. Under the terms of the agreement, Volatus will purchase 100% of the company for a cash consideration of US$300,000, equity of US$350,000 with a minimum floor price of $0.65, and earn out of US$350,000 paid in equity after one year anniversary based on the 30-day volume weighted average price (VWAP) with a minimum floor price of $0.65 per share and assume the long-term debt of US$225,000. This announcement marks another step in a series of interrelated commercial milestones intended to drive and scale the commercialization of drone technologies including: Announcement of Volatus Aerospace LATAM, a joint venture with EOLO Drones S.A.C. ("EOLO") to expand Volatus' commercial operations in Latin America. Introduction of a full-service financing program for enterprise and industrial drone equipment to help drone service providers, public safety agencies and industrial clients leverage the rapid evolution of related technologies by offering rental, usage contracts, and customized funding arrangements for the sale of its Drone Solutions targeted at transactions valued from $25,000 to over $2,000,000. Acquisition of iRed Remote Sensing based in Emsworth, England to provide a foundation for continued growth in the UK. The acquisition of Empire Drone is scheduled to close on December 31st conditional on satisfactory completion of due diligence, approval of the respective Board of Directors, and regulatory approval by the Toronto Stock Exchange. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (if) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; the completion of the Offering; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release.” Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

November 28, 2022 06:30 AM Eastern Standard Time

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Retention Cloud Leader CleverTap Launches CleverTap for Startups

CleverTap

CleverTap, the modern, integrated retention cloud today announced the launch of CleverTap for Startups (C4S). Through this initiative, CleverTap will offer a full stack retention platform to all budding digital-native brands, in order to help them personalize and optimize all customer touchpoints, improving user engagement and conversion. Till date, thousands of large digital-native brands have benefited from CleverTap’s platform which has solved their needs at scale, speed, and security. The aim now is to make solutions even more affordable for pre-launch, early-stage startups, or companies with limited monthly active users. New and early-stage businesses have very different needs from larger, well-established brands. They require more flexibility, affordability, and a partner that provides seamless support fuelling their growth plans. CleverTap has currently partnered with more than 50 venture capital firms, incubators, and business accelerators including Sequoia Surge, Techstars, Y-combinator, AWS Activate, Accel and others to provide exclusive discounts and resources to early-stage startups through this initiative. The C4S initiative was undertaken a year back and the offerings have now been fine tuned following feedback from 1000+ startups and is now ready to launch. Through this initiative, CleverTap aspires to be a growth partner for more than 100,000 new businesses by the end of 2025. Through this initiative, early stage startups can opt for a flexible plan with no minimum scale requirement, and can make use of the platform with as low as 5000 monthly active users. The platform is designed realizing the requirement of SMBs/startups. Additionally, customers will have the option to customize the platform with add-ons and will have the ability to only pay for the services they use. Speaking about the initiative Anand Jain, Co-Founder & Chief Product Officer, CleverTap said, “Every small business needs an ecosystem of stakeholders that are supportive and will help them get on their growth journeys. Be it small or big, startups can use all the help they can get. In our effort to bolster new businesses globally we are excited to launch CleverTap for Startups. Customer retention for consumer brands is one of the key components to building a successful business. By offering our solutions to startups at a lower cost with flexible options, we want to create an atmosphere where we can support new businesses from their 0 to 1 and then 1 to 100 journeys.” About CleverTap CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product. The platform is powered by TesseractDB™ - the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.CleverTap is trusted by 1500 customers, including Gojek, ShopX, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco. Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter Forward-Looking Statements Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction. Contact Details CleverTap Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

November 25, 2022 08:22 AM Eastern Standard Time

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