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Jacqueline Hallihan Joins Salus GRC as Chief GRC Officer and Board Member

Salus GRC

Salus GRC (or the “Company”) recently welcomed Jacqueline Hallihan as Chief GRC Officer and member of the Board of Directors. Ms. Hallihan is responsible for spearheading the Company’s global GRC (governance, risk and compliance) strategies, with a focus on maximizing growth opportunities. As a pioneer in the compliance consulting industry, with a proven record as an entrepreneur who founded multiple regulatory compliance and technology companies, she joins Salus GRC’s executive team at an exciting time in its growth and strategic evolution. Salus GRC’s unique strategic vision and rapid growth trajectory are attracting talented, deeply experienced, and highly respected resources across the compliance, regulatory and GRC field, reinventing service excellence in a people-oriented business supported by revolutionized technology processes. To date, Salus GRC has amassed clients with over $200 billion in assets. Salus GRC provides a comprehensive suite of tech-enabled regulatory support to investment advisers, private fund managers and other SEC- and FINRA-regulated financial services firms. Offerings include regulatory registration and filing services, compliance program development and ongoing support, managed services, regulatory exam assistance, compliance training and education, regulatory due diligence, and cybersecurity solutions. As it continues its ascent to be the employer of choice in the GRC space, the Company is rapidly attracting experienced professionals who bring a singular focus on providing the highest level of client service with tech-enabled risk management and deep regulatory expertise. Ms. Hallihan brings more than 30 years of experience founding, managing, and growing dominant organizations in the compliance-related industry, including as a founding Partner of Ascendant Compliance Management and founder and CEO of National Regulatory Services. Most recently she served in an Executive Director role at a compliance services organization within a RegTech firm. She is a founder and life-time member of the National Society of Compliance Professionals (NSCP). “I am thrilled to have Jackie as our Chief GRC Officer, a member of the executive management team, and a strategic partner,” said Bill Mulligan, Salus GRC CEO. “I’ve known Jackie for many years and blending her vast background in growing compliance and regulatory compliance organizations with our unique GRC vision is a winning combination. She has achieved exceptional results over her career, building sustainable and high-profile businesses.” He added, “Jackie is the right strategic leader to join our great team, focusing on growth opportunities at Salus GRC. Her passion for innovation, customer service, and building brand awareness, along with her deep commitment to people, will be invaluable as we continue helping clients maximize our tech-enabled GRC solutions.” “It’s a true privilege to join this incredible team as we work to build the industry’s leading provider of GRC services. Bringing technology, compliance governance, and risk management together with our team’s focused commitment on innovation and redefining service excellence aligns beautifully with Salus GRC’s strategic vision,” said Ms. Hallihan. “I truly believe we are building something special at Salus GRC, at a time when Chief Compliance Officers and SEC-regulated firms desperately need expertise and support, and I’m honored to be a part of the Company’s next growth chapter.” About Salus GRC: Launched in the Spring of 2023, in partnership with financial sponsor Charlesbank Capital Partners, Salus GRC provides GRC services to private fund managers, registered investment advisers, CFTC-registered managers, and broker-dealers. Offerings include SEC and other regulatory registration and filing services, compliance program development and ongoing support, regulatory exam assistance, compliance training and education, regulatory due diligence, and cybersecurity solutions. About Charlesbank Capital Partners: Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm with more than $17 billion of capital raised since inception. Charlesbank focuses on management-led buyouts and growth capital financings and engages in opportunistic credit and technology investments. The firm seeks to build companies with sustainable competitive advantage and excellent prospects for growth. For more information, please visit www.charlesbank.com. Contact Details Salus GRC Monique Stehle mstehle@salusgrc.com Charlesbank Ryan FitzGibbon / Dan Ivers / Peter Gavaris pro-charlesbank@prosek.com Company Website https://www.salus.com

February 21, 2024 10:15 AM Eastern Standard Time

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Stifel North Atlantic and ASTRO America Announce a First-of-its-Kind Private Equity Fund Under New DOD-SBA Initiative

ASTRO America

Small Business Administrator Isabel Guzman and National Economic Council Director Lael Brainard announced at a White House event last Wednesday that the partnership between Stifel North Atlantic (NYSE: SF) and ASTRO America is the first recipient of a “Green Light” to raise private capital for an SBIC Critical Technologies (“SBICCT”) fund. Officially called the AM Forward Critical Technologies SBIC, the Fund is actively fundraising and moving forward with the final SBA licensing process. The SBA-DoD SBICCT initiative is the first program under a historic SBA-DoD collaboration, launched by Secretary of Defense Lloyd Austin and SBA Administrator Guzman in December 2022. By pairing private capital with SBA administered leverage, the initiative will support private sector investment in US national security-vital component-level technologies and production processes. The structure will achieve the important mission of bolstering U.S. national security and the Defense Industrial Base without reliance on deficit funding, while supporting American small businesses. “This new Fund is important to both our national security and American competitiveness,” said ASTRO co-founder and President, Neal Orringer. “Not only will it provide essential financial support to small and medium-sized manufacturers, but it will help modernize key supply chains, helping accelerate adoption of technologies such as metal 3D printing that are increasingly important to America’s defense and aerospace industries.” He continued, “We are grateful for the DoD and SBA’s leadership in developing innovative approaches for catalyzing the injection of private capital into critical defense supply chains, at no cost to the taxpayer.” ASTRO America leads the White House’s AM Forward initiative, which includes a compact between the Administration and seven iconic American lead system integrators. The AM Forward member companies identified access to capital as a key barrier to eliminating bottlenecks, modernizing and increasing resiliency within their supply chains, particularly in metal castings and forgings. In early 2023, ASTRO selected Stifel North Atlantic as the financial partner to manage the SBIC Fund based on Stifel’s rich history of support for small and middle market companies and extensive experience managing SBIC Funds. ASTRO will lead the Fund’s Technical Advisory Board. “We are deeply committed to both our unique partnership in the SBICCT fund as well as with the SBA more broadly,” shared Victor Nesi, Stifel Financial Co-President. “The SBA has made remarkable progress in developing innovative ways to reach out, support and nurture the small business ecosystem that is so foundational to our organization. We are also grateful for the thought leadership provided to this project by key AM Forward member Lockheed Martin (NYSE: LMT).” Mike Nitka, Managing Director at Stifel North Atlantic offered, “This fund is a rare opportunity to mix purpose and passion. We are advancing the adoption of mission-ready production technology for the US aerospace and defense supply chain while supporting the journey of emerging US small businesses. Through this revolutionary partnership with the SBA, DoD, ASTRO America, and our anchor investors, we have the opportunity to create jobs and build US manufacturing capacity. I applaud all involved as this is a truly unique non-partisan approach to solving for a universal American need – national security.” During the event, in addition to key Biden-Harris Administration officials from the White House, SBA and DoD, Stifel and ASTRO executives also met with leading investors from the financial industry and executives from major aerospace and defense companies. With committed strategic and financial investors, Stifel North Atlantic and ASTRO expect to complete the final phase of the SBICCT licensing process and execute a first closing on the Fund in the coming months. After the initial closing, the Fund will begin actively investing in small business manufacturers to help strengthen the U.S. aerospace and defense supply chains. The White House readout of the event can be read here and the SBA overview of the event can be read here. More information on the SBA-DoD SBICCT initiative can be found here. The Applied Science and Technology Research Organization of America (ASTRO America) is a 501(c)(3) not-for-profit, non-partisan Research Institute and Think Tank. It was established in 2018 to advance the public interest through manufacturing technology and policy. Led by manufacturing professionals with broad public and private sector experience, ASTRO America supports collaborations by government agencies and companies to address supply chain challenges in highly regulated industries, including aerospace and defense. Find out more: https://www.astroa.org/ Established in 1890, with headquarters in St. Louis, Missouri, Stifel is a full-service financial services firm with a distinguished history of providing securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, institutions, corporations, and municipalities. Contact Details Elizabeth Heaton +1 202-445-9858 elizabeth@astroa.org Company Website https://www.astroa.org

February 21, 2024 07:00 AM Eastern Standard Time

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Communication Service for the Deaf Names Amanda Whyrick Division President of California Connect

Communication Service for the Deaf

Communication Service for the Deaf (CSD) today announced that Amanda Whyrick has been named the new Division President of California Connect. Whyrick previously served as CSD’s Vice President of Information Technology. In this new role, she will provide leadership support for all California Public Utilities Commission contracts held by Communication Service for the Deaf. California Connect, also called the Deaf and Disabled Telecommunications Program (DDTP), provides telecommunication access for Californians with hearing, vision, cognitive, mobility, and speech-related disabilities. The program of the California Public Utilities Commission (CPUC) includes accessible telecommunication equipment and devices, relay service, and Augmentative and Alternative Communication (AAC) devices. The California Connect Division President will provide strategic and operational support for the State’s marketing services, equipment distribution, and field operations contracts. Equitable and accessible communication solutions have been at the core of CSD’s work for the past fifty years. Bolstering our partnership with California Connect is a logical extension of our efforts to remove communication barriers for people with disabilities. “With the rapid advancement of communications technology, the person who fills this role must have extensive experience in accessible technology,” stated Chris Soukup, CEO of CSD. “Amanda is perfectly suited to lead the advancement of our California Connect division as they work towards their goal of providing communication equity for communities with disabilities.” Whyrick joined CSD in 2016 as a Systems Administrator and held various leadership roles until her promotion to Vice President of Information Technology in 2022. During this period, she successfully implemented accessible organizational-wide technology policies, including a transition to work-from-home call centers during the COVID-19 pandemic. Before joining CSD, Whyrick provided technology support to organizations including Southeast Community College and Dell Technologies. Now, as Division President for California Connect, Whyrick looks towards modernizing the program in a way that centers on the needs of various communities with disabilities and integrating the most up-to-date technological offerings. “As someone who personally benefits from accessible technologies, I know that access to them is crucial to the health and well-being of the user in all aspects of life. I look forward to extending this same privilege to Californians with different accessibility needs." shared Whyrick. Whyrick will assume the position of California Connect Division President on February 26, 2024. About Communication Service for the Deaf Communication Service for the Deaf (CSD) is the largest Deaf-led social impact organization in the world. For more than four decades, CSD has been a leader in creating and providing accessible and innovative solutions for the Deaf community. Today, CSD continues its work to create opportunities for personal and economic growth within the Deaf community, specifically addressing leadership and employment. For more information, please visit CSD and follow us on Facebook, Twitter, Instagram, and LinkedIn. Contact Details Communication Service for the Deaf Molly Miller +1 315-679-8948 leltouny@csd.org Company Website https://www.csd.org/

February 20, 2024 09:15 AM Eastern Standard Time

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Mask Network and its Bonfire Union funds hits $100 million milestone to further support decentralized social protocols

Mask Network

Mask Network(Mask), the leading decentralized social network protocol, has announced it will launch the second fund of its venture arm, the Bonfire Union, marking a total of US$100 million for two funds since its establishment in 2022. The goal of Bonfire Union’s is to strategically invest in decentralized social networks and infrastructure. To date, more than 120 projects have joined the Mask Network ecosystem under the banner of Bonfire Union, including some of the fastest growing Web3 projects such as RSS3, Lens, and Scroll. “Mask Network has been actively contributing to and supporting the decentralized social network community through a series of grants and donations,” says Suji Yan, the founder of Mask Network. “With the new fund, more initiatives can get our support.” Founded in 2017, Mask aims to build a user-friendly bridge from Web 2.0 to Web 3.0 decentralized apps. It has grown into a Web3 social conglomerate investing and building decentralized social apps, developer tools, protocols, and creative content to empower more people joining the Web3 world. The Mask team runs the largest collection of Mastodon instances, with more than two million users. In November 2023, Mask Network’s affiliate Sujitech LLC donated US$100,000 to Mastodon, the largest single donation that the non-profit decentralized social media platform has received to date, according to Mastodon CFO Felix Hlatky. Mask has launched 3 rounds of the Web3 Social Ecosystem Grant since 2021, supporting about 100 projects with excellent Web3 innovations. In December 2023, Mask established a non-profit entity, Mask Network Academy, which provides financial and technological support to the world's top universities and journalism programs, with the goal of promoting Web3 research and story-telling. Furthermore, Mask Network and its social aggregator app, Mask X -Firefly App (Firefly), have jointly launched a US$10 million builder initiative dedicated to further accelerating the development of all decentralized social protocols through subsidy. Mask launched Firefly as a social aggregator app for Web3 natives. In April 2023, Mask made its first significant acquisition with the team behind RARA, a social curation protocol for NFTs. “Mask is one of the few teams who are thinking about how big Web3 can really be, “said Lawson Bae, Founder of RARA and Head of Growth at Firefly. “The time is ripe for more talented and dedicated innovators to come together and build Decentralized Social for the future,” says Suji Yan, the founder of Mask Network. With the newly established US$10 million Decentralized Social Initiative, Mask Network and Firefly are calling for decentralized social protocols and builders worldwide to join the cause of building a truly free and open Internet. About Mask Network Mask Network is a leader in the vibrant decentralized social network ecosystem. In 2019, Mask extension started supporting Twitter users with secure, decentralized social messaging, payment networks, file storage and sharing upon the current mainstream social media networks. With its venture arm, Mask strategically invests in decentralized social networks, infrastructure, and creative contents with the goal of making Web3 more accessible to all. Learn more at mask.io. Media inquiry: media@mask.io Contact Details Media Contact media@mask.io Company Website https://mask.io/

February 19, 2024 09:00 AM Eastern Standard Time

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Announcing the 2024 Global DEI Conference: A Catalyst for Sustainable Change

1BusinessWorld

In an era marked by rapid global changes and increasing recognition of the value of diversity, equity, and inclusion (DEI), the 2024 Global DEI Conference emerges as a pivotal event, scheduled from May 28 to May 30, 2024. With a compelling theme, " Fostering Equity for Success," this year’s conference innovates through a hybrid model, blending the immediacy of in-person engagement with the broad accessibility of digital platforms. This format promises to democratize participation and foster a truly global dialogue on DEI. As businesses and societies grapple with complex challenges, the imperative for integrating DEI principles into the fabric of our organizations and communities has never been more pronounced. The Global DEI Conference 2024 is poised to serve as a beacon for thought leadership, offering a forward-thinking agenda that addresses the multifaceted aspects of DEI. Strategic Insights and Collaborative Solutions This conference is designed for those who lead, those who innovate, and those who inspire change within their organizations and communities. It offers a rare convergence of global experts, thought leaders, and practitioners across various sectors, providing a rich tapestry of perspectives on DEI. Participants will gain: - Insights from cutting-edge research and case studies, illuminating the path to embedding DEI into strategic objectives. - Strategies for navigating the complexities of organizational change, with a focus on achieving tangible DEI outcomes. - Opportunities for high-level networking, fostering collaborations that transcend geographical and sectoral boundaries. - Interactive experiences designed to challenge, educate, and inspire, moving beyond discourse to actionable change. Why Participation Is Imperative The 2024 Global DEI Conference is not merely an event but a strategic inflection point for participants to recalibrate their approach to DEI. It offers a platform to influence the global DEI agenda, share innovative practices, and catalyze collective action towards more equitable organizations and societies. This conference is essential for: - Leaders seeking to cultivate an inclusive culture that drives innovation and business success. - Practitioners looking to advance their DEI strategies with evidence-based practices and global insights. - Individuals committed to personal growth and contributing to societal change through the lens of DEI. Join Us on This Transformative Journey We invite you to mark your calendars and register for the 2024 Global DEI Conference. Your participation is not just an investment in your professional development but a step towards contributing to a more equitable and inclusive future. For registration and further information, please visit All news and content distribution in partnership with News Direct. About Ludo: Ludo provides tech for inclusion. The foundation of Ludo is a digital solution to drive wellbeing and inclusion in the workplace. Ludo provides resource for all employees, offers HR consulting, Coaching, Workshops, Learning & Development and Speakers. We work with businesses to provide a full wrap around service to drive a successful culture of wellbeing & inclusion. Our digital platform provides full wrap around support through Maternity, instant information on Menopause, Fertility and Health, including Mental Health. Ludo About 1BusinessWorld: 1BusinessWorld is a global business ecosystem, network and marketplace that provides entrepreneurs, business owners and professionals with the information, tools, resources and connectivity needed to succeed throughout their company’s growth journey, toward a better business world. Our vision is based on the reality that we live, work and do business in one global interconnected business environment, and hence our motto: “One World, One Business World”. Our mission is to encourage and support global communication and collaboration among entrepreneurs, professionals, and businesses. 1BusinessWorld Contact Details Media Enquiries +1 212-220-6677 info@1businessworld.com Company Website https://1businessworld.com

February 16, 2024 08:57 AM Eastern Standard Time

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Apple Shareholder: Company’s Actions on Human Rights Don’t Match Its Words

NLPC

Ahead of Apple Inc. ’s annual meeting on February 28, National Legal and Policy Center is highlighting a report it has filed with the Securities and Exchange Commission that explains how the iPhone maker’s claims about its respect for human rights fall far short of its real-world engagements and operations. NLPC, a shareholder in Apple, is sponsoring a proposal (No. 8 on Page 97 of the company’s proxy statement ) that asks the company to explain why its actions fail repeatedly to match its statements and policies regarding human rights, especially considering its ongoing pandering to the government of China. The SEC filing builds on the case made in the proposal, with extensive evidence of Apple’s concern for cheap labor and enormous profits, at the expense of the people who buy and make its products under the brutal communist regime. “Over the past ten years, various shareholders have brought at least six different proposals at Apple annual meetings because of its weaknesses when it comes to protecting human rights,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “Why does the Board of Directors have to keep addressing this issue? Because they only pay lip service to it, while their Chinese government business partners constantly violate standards of respect and decency. The U.S. State Department actually calls it genocide.” NLPC’s proposal and SEC filing note the following examples where Apple fails to follow its own proclamations regarding human rights, rendering them empty: Apple removed the New York Times ’s apps from the App Store in China in 2017, and removed apps including HKmap.live and Quartz from its offerings, during the protests in Hong Kong in 2019; The company severely restricted use of its AirDrop wireless filesharing feature on users’ iPhones during protests against Chairman Xi Jinping’s “zero COVID” policies in late 2022; The Beijing Municipal Bureau of Justice said in January 2024 that it had cracked Apple’s encryption and was able to track senders. According to The Epoch Times, “That allows local police to find ‘several suspects’ who use the iPhone feature to transmit files containing what authorities have referred to as ‘inappropriate remarks,’ according to the agency;” According to Reuters, “Apple has started requiring new apps to show proof of a Chinese government license before their release on its China App Store, joining local rivals that had adopted the policy years earlier to meet tightening state regulations.” Perhaps most telling, the tech giant lobbied against the Uyghur Forced Labor Prevention Act when it was up for consideration in Congress. “Apple wants to avoid this embarrassing issue so badly, that the Board asked the SEC to prevent our proposal from being heard by our fellow shareholders, by claiming that they were already addressing the issue,” Chesser added. “Fortunately – even under a presidential administration cozy with both Big Tech and China – the SEC staff followed the facts instead of political bias, and decided to allow our proposal at the annual meeting. “We look forward to explaining to our fellow shareholders why Apple’s carelessness over human rights presents fiduciary and reputational risks to the company.” ### 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

February 13, 2024 10:00 AM Eastern Standard Time

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Government of Maharashtra and Pegasus Capital Advisors Sign MoU to Boost Food Security and Food Processing Sector

Pegasus Capital Advisors

The Government of Maharashtra and Pegasus Capital Advisors have entered into a cooperation Memorandum of Understanding (MoU) aimed at exploring the potential of maximizing opportunities in the food security and food processing sector in Maharashtra. This agreement was formalized during the Government of Maharashtra's participation at the World Economic Forum 2024. The MoU outlines a collaborative effort between Pegasus Capital Advisors, a global private markets impact investment fund, and the Government of Maharashtra to explore and develop food processing units in the state of Maharashtra and the UAE. The Government of Maharashtra will share an operational plan within 90 days, detailing the opportunities for collaboration and identifying trusted partners and entities. Maharashtra, with its robust agriculture sector and logistical capabilities, is well-positioned to address the GCC food security needs and this collaboration with Pegasus Capital Advisors aligns with the government’s vision to empower 11 million farmers in the state. Craig Cogut, Partner at Pegasus Capital Advisors, expressed enthusiasm about the partnership, stating, "We are eager to contribute to the vision of creating a sustainable food processing economy and empowering millions of farmers in Maharashtra. This partnership is important to building a resilient and integrated food supply chain and strengthening natural farming practices." The Government of Maharashtra's ambitious initiative focuses on addressing the UAE's and GCCs immediate food basket requirements, promoting increased production capacity, and supporting the development of the food processing sector. The comprehensive plan encompasses key aspects designed to bring about transformative changes in the food security and food processing sector. First, it prioritizes the empowerment of Maharashtra's 11 million farmers, facilitating their access to markets and cutting-edge agricultural technology through strategic partnerships. Secondly, the initiative positions Maharashtra as a long-term supplier of essential food items such as millet, soybean, wheat, and sugarcane, effectively meeting the pressing food security needs of the UAE. The third focal point involves the establishment of state-of-the-art food processing units in both Maharashtra and the UAE, promising the creation of skilled employment opportunities and a significant economic boost for both regions. Lastly, by leveraging the UAE as a pivotal export hub, the collaboration seeks to penetrate new markets in the GCC, Central Asia, and Africa, establishing a robust and diversified food supply chain. These key aspects collectively underscore a holistic approach that addresses immediate food security concerns and fosters economic growth, technological advancement, and international trade. The collaborative effort seeks to achieve positive economic, social, environmental, and health impacts for the UAE and India. Notable outcomes include empowering farmers, boosting the Indian economy through exports, building food processing infrastructure in the UAE, and promoting the "Make in India" and "Made in UAE" vision. About Pegasus Global Capital Advisors Pegasus Capital Advisors is a leading global private markets impact investment manager, dedicated to fostering sustainable and inclusive growth. As the first U.S. private equity fund manager accredited by the Green Climate Fund, Pegasus Capital Advisors invests in companies and technologies that aim to make a measurable, long-lasting impact. Explore more at www.pcalp.com. Contact Details Courtney Bonness Riff City Strategies courtney.bonness@riffcitystrategies.com Company Website https://www.pcalp.com/

February 12, 2024 10:00 AM Eastern Standard Time

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Crypto Analysis Platform yPredict Completes All 8 Rounds of Presale Successfully, Expands Team to Accelerate Growth

Spark Metro PR

yPredict, an AI-powered crypto analysis platform, today announced it has completed all its presale rounds to develop its platform further. The additional capital will support yPredict's continued growth as it evolves into a fully-fledged asset analysis platform. "We are thrilled to complete this last presale round, which demonstrates strong investor confidence in our vision," said Raj Sharma, CEO of yPredict. "These funds will enable us to accelerate the development of our AI-driven platform as we scale our capabilities to empower crypto & stocks investors with actionable, data-backed insights." With the presale complete, yPredict is expanding its team by hiring for several key roles, including Product Manager, Digital Marketing Specialist, Technical Stock Chart Analysis Content Writer, and Crypto Content Writer. These hires will be instrumental as yPredict cements itself as an industry-leading crypto analysis solution. yPredict leverages advanced AI and machine learning to analyze financial market data and identify profitable trading and investment opportunities. The platform delivers personalized, easy-to-understand analytics to help traders of all skill levels make smarter investment decisions. "We are at the forefront of leveraging AI to democratize access to sophisticated crypto market analysis. Our technology enables anyone, not just seasoned professionals, to trade with confidence," continued Raj Sharma. "With our strong funding base and expanded team, we are poised to take yPredict to new heights in 2024 and beyond." For more information on yPredict and its AI-powered crypto investing platform, visit ypredict.ai. About yPredict yPredict provides AI-powered crypto market analysis platform designed to uncover predictive insights and enable high-probability trading. Built by a team of AI and finance experts, yPredict helps crypto investors of all experience levels make smarter trading decisions through advanced analytics and machine learning. The company is based in Wilmington, DE. Contact Details yPredict Ankit Singh +1 302-597-6768 team@ypredict.ai Company Website https://ypredict.ai/

February 11, 2024 05:25 AM Eastern Standard Time

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First-Ever Risk Retention Group for the Cannabis Industry Launches with CLIC RRG

IMA Financial

Cornerstone Risk Solutions, a subsidiary of IMA Financial Group, today announced the launch of CLIC Risk Retention Group Inc. (CLIC RRG), the first and only risk retention group designed specifically for the unique needs of the burgeoning cannabis industry. The member-owned insurance solution is now available to cannabis-related businesses (CRBs) nationwide. “We are very proud to announce the launch of CLIC Risk Retention Group. We are the first and only insurer in the cannabis space that is owned exclusively by its policyholders,” said Chris Payne, founder of CLIC RRG. “This allows us to offer risk management and profit-sharing opportunities that are unavailable anywhere else in the industry.” The product represents a significant step toward comprehensive insurance solutions tailored to the needs of CRBs across the United States. CLIC members gain access to general liability and product liability coverage from anywhere in the nation, which until now has been out of reach in this high-risk, heavily legislated sector. Tris Felix, Managing Director of Cornerstone Risk Solutions, highlighted the product’s significance: “A member-owned insurance solution is a game-changer for CRB owners whose growth has been historically limited by lack of liability coverage. CLIC RRG owners can build — and benefit from — products that meet the industry’s unique needs, leveling the playing field in a competitive and evolving industry.” As the cannabis industry continues to grow, Cornerstone and CLIC RRG are committed to assessing market responses and potentially introducing additional cannabis industry-specific insurance solutions. “Historically, CLIC RRG coverage lines have been profitable for carriers, yet restricted the policyholders,” said IMA Vice President and Cannabis National Practice Leader Michael Hennessey. “By coming together in a risk retention group, cannabis businesses set their own direction and claim their due benefit.” About Cornerstone Risk Solutions and IMA Financial Group Cornerstone Risk Solutions, a subsidiary of IMA Financial Group, specializes in providing innovative insurance and risk management solutions. IMA Financial Group, a North American insurance brokerage firm, is renowned for its commitment to protecting assets and making a difference in the lives of its clients, associates and communities. About CLIC Risk Retention Group Inc. (CLIC RRG) CLIC Risk Retention Group Inc. (CLIC RRG) is a private insurance company owned by and operated solely for the benefit of participants in the legalized cannabis industry. The company serves businesses and individuals involved in the sale, manufacture, cultivation, transportation and testing of legalized cannabis-based products. The company’s operations are controlled by policyholders who are licensees in the cannabis industry. Contact Details CLIC Risk Retention Group Inc. Chris Payne +1 858-260-9000 chris@clicrrg.com IMA Financial Group Sean Hanft +1 203-313-3205 Sean.hanft@imacorp.com Center Reach Communications Alexandra Campbell alexandra@centerreachcommunication.com Company Website https://cornerstonerisksolutions.com/

February 08, 2024 09:00 AM Eastern Standard Time

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