News Hub | News Direct

Professional Services

Architecture CRM/Customer Service Consulting Government & Policy Human Resources Intellectual Property/Trademark/Patent Law Legal
Article thumbnail News Release

Industry Challenges Aren’t Why Workers Are Quitting

Great Place to Work

Your industry has little to do with whether you can offer an employee experience that outshines the competition. Organizations on this year’s Fortune Best Workplaces lists across 11 industries in 2022 show that companies that prioritize their people can offer better outcomes for workers no matter which industry they’re in. “Great leaders understand that the responsibility to inspire and engage their people is on them —and only them,” says Michael C. Bush, CEO of Great Place To Work®. “I know it’s easy to blame the industry and not your company, but try not to. We can do better for our people, and there’s nothing preventing any company from doing just that.” Workers at the Fortune Best Workplaces in Health Care report nearly identical levels of meaningful work as those at winning technology companies at 90% and 86%, respectively. Those levels drop to 62% in tech and 59% in health care at typical workplaces, according to a Great Place To Work survey of nearly 4,200 U.S. employees. The average tech company offers one of the most positive experiences among typical workplaces — 72% of employees on average report that theirs is a “great place to work.” The Fortune Best Workplaces in Construction surpass those scores — 94% of employees report having a great place to work. Great Place To Work determined the Best Workplaces lists by analyzing data from nearly 1 million employees at qualifying companies in 11 industries: Manufacturing & Production Health Care Consulting & Professional Services Financial Services & Insurance Advertising & Marketing Retail Aging Services Real Estate Construction BioPharma Technology Purpose drives retention in every industry Meaningful work — the belief that one’s work is “not just a job” — is a key indicator of retention in all 11 industries surveyed. Despite evidence that some industries are losing talent, meaningful work doubles an employee’s intent to stay in their job long-term. Take the retail sector: • 38% of employees at a typical retail workplace report meaningful work. • 79% of employees at the Fortune Best Workplaces in Retail report meaningful work. • Retail employees who report meaningful work are three to five times as likely to stay in their role. Industry is no excuse for poor well-being. It’s too easy to believe some industries can’t offer work-life balance, healthy work lifestyles or flexible work options. The Best Workplaces prove this assumption wrong. For the typical health care organization, only 55% of employees report being encouraged to find a healthy work-life balance. At the Best Workplaces in Health Care, that percentage jumps to 87%. Visuals available: GPTW Best Workplaces by Industry Lists 2022 About the Fortune Best Workplaces by Industry Great Place to Work® selected the Best Workplaces™ for each of the 11 industries in 2022 based on feedback collected from nearly 1 million employee responses from qualifying Great Place To Work Certified™ organizations in the United States. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ Survey. Read the full methodology for all 11 lists. 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 Great Place To Work Kim Peters +1 415-844-2574 kpeters@greatplacetowork.com Company Website https://www.greatplacetowork.com/

September 07, 2022 07:00 AM Eastern Daylight Time

Article thumbnail News Release

EC Holdings Launches Global Investment Migration Services

EC Holdings

SINGAPORE - Media OutReach - 2 September 2022 - Global investment migration firm, EC Holdings, commences operations with the launch of its Singapore Headquarters and the appointment of the Hon. Philippe A. May as Chief Executive Officer. Recognising the value of acquiring alternative residence and citizenship-by-investment (CBI) migration in the 21 st century, the highly experienced leadership team offer advice and expertise, enabling greater flexibility, security and access to the world’s major economies. Channelling over a decade of experience in Estate and Investment Immigration Planning, Private Banking, Insurance, and Diplomacy, EC Holdings Co-Founder, the Hon. Philippe A. May, has been appointed CEO. Most recently the Managing Director of Arton Capital (Singapore) Pte Ltd, Philippe is a qualified Associate Financial Planner (AFP™), an Associate Estate Planning Practitioner (AEPP®) and a member of the Financial Planner Association of Singapore (FPAS). “As a Singaporean, I am immensely proud to lead the first global investment immigration company headquartered here. HNWIs are paying more attention to their residence and citizenship portfolio. Our team of experienced, licensed partners are able to offer the best solutions across 5 continents. We have our own offices on site in most of our investment immigration destinations, so clients can rest assured that they are in the best hands,” said the Hon. Philippe A. May, Co-Founder and Chief Executive Officer of EC Holdings. Co-Founder and Chairman, Kevin A. D. Hosam, and Co-Founder, Martin St. Hilaire, complete the EC Holdings Founding team. Collectively, the threesome boast more than a quarter of a century of experience in investment migration; thus, EC Holdings are able to seamlessly navigate complex and ever-changing systems and legalities to present best-in-class solutions based on the requirements, family size, and education credentials of each individual client. “I have been in the CBI industry since Antigua and Barbuda started its citizenship program. Now, I am looking forward to extending the outreach of our citizenship program through our network of senior RCBI professionals under the roof of one new global company - EC Holdings,” said Kevin A. D. Hosam, Co-Founder and Chairman of EC Holdings. Aside from the senior leadership team, EC Holdings has partnered strategically with specialist agents in key operational markets (Bahamas, Latvia, Nigeria, St. Kitts and Nevis, St. Lucia and Türkiye) bringing them on as equity partners. With ample local knowledge and insights, these partners strengthen the hands-on approach employed by EC Holdings. “Amongst the unique solutions of EC Holdings are services in Vanuatu, Bahamas, Uruguay, Latvia and Paraguay, which no global investor immigration firm offers so far. I have lived in Vanuatu for the past 20 years and am a citizen myself, so I am looking forward to enabling more clients to reap the benefits of Vanuatu Citizenship,” said Martin St. Hilaire, Co-Founder of EC Holdings. Fuelled by increased global uncertainty and the restrictions thrust upon freedom during the COVID-19 pandemic, EC Holdings identified an uptick in the number of clients desiring alternative citizenship and residency options. Increased global mobility is a strong pull factor for clients seeking escape from political or economic threat, new business opportunities, and the option to swiftly move to a new jurisdiction. Access to improved healthcare, education services and a more comfortable way of life are further reasons for seeking migration through investment, whilst reduction of tax burdens and fiscal and family planning are other key factors. As the first and only global investor migration firm with solutions in the Bahamas, Latin America, Latvia and Vanuatu along with the more familiar countries such as Saint Lucia and Portugal, EC Holdings offers two kinds of programs; citizenship-by-investment and residency-by-investment. Citizenship-by-investment programs offer clients the privilege of acquiring a second citizenship and the right to travel freely to various destinations and settle in another county. EC Holdings meticulously and constantly review investment migration legislation from over 100 countries globally and select the most beneficial and successful investment citizenship programs for clients. Meanwhile, residency-by-investment programs enable opportunities to move, live, work, study, and receive health care in a new country of residence. EC Holdings offers expert advice on residency-by-investment programs in some of the best places in the world in terms of business environment, quality of life and opportunity. About EC Holdings EC Holdings facilitates the acquisition of the world’s most attractive citizenship and residence by investment options, taking into account quality of life, mobility, taxation, privacy and security. The highly experienced team understand client expectations to find attractive solutions that meet the unique needs of each investor and their family. EC Holdings offer residence-by-investment solutions in Bahamas, Latvia, Paraguay, Portugal and Uruguay. EC Holdings offer citizenship-by-investment solutions in Antigua and Barbuda, Türkiye, St Kitts and Nevis, St Lucia and Vanuatu. - Website: https://ec-holdings.com/ - LinkedIn: https://www.linkedin.com/company/ec-holdings/ - Instagram: https://www.instagram.com/ec_holdings/ - Twitter: https://twitter.com/ec_holdings Contact Details Redhill Olivia Burton +65 9083 0364 olivia.burton@redhill.asia Nicha Petcharapiracht +65 8450 6133 nicha.petcharapiracht@redhill.asia

September 02, 2022 09:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Volatus Aerospace Corp. Provides Update Related to Its Brokered Private Placement and Short Form Prospectus Offering

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (the “Company” or “Volatus”) is providing a supplementary update in respect of its brokered private placement of units announced by way of press release on August 29, 2022 (the “Brokered Private Placement”). The Brokered Private Placement is intended to accommodate investors in the Province of Quebec as the Prospectus Offering (as defined below) is not applicable in the Province of Quebec. The offerings are made on similar terms as announced previously. The Brokered Private Placement for gross proceeds of up to $500,000 will be conducted in addition to, and on similar terms with, the Company’s proposed marketed public offering of units for gross proceeds of $4,000,032, subject to an over-allotment option (the “Prospectus Offering”), and the Company’s proposed non-brokered private placement of units for gross proceeds of up to $500,000 (the “Non-Brokered Private Placement”), each as previously announced by way of press release on July 25, 2022. The Company received a receipt for the preliminary short form prospectus on July 25, 2022 and expects to receive a receipt for the final short form prospectus in due course. The offerings are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and any applicable securities regulatory authorities. All securities issued in connection with the Brokered Private Placement and the Non-Brokered Private Placement will be subject to a four-month and one day hold period in Canada. In correction of the August 29, 2022 press release, the Company advises that there is no president's list applicable to the Brokered Private Placement. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, Latin America and most recently in Europe. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information 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 (i) the business plans and expectations of the Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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 TSX Venture Exchange (“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 release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 833-865-2887 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

September 02, 2022 07:30 AM Eastern Daylight Time

Article thumbnail News Release

NelsonHall recognizes Velocity Global as a ‘leader’ in global employer of record services

Velocity Global

Velocity Global, the leading provider of global talent solutions, has been named a leader in the NelsonHall Vendor Evaluation & Assessment Tool (NEAT) for global employer of record (EoR) services. The report, published today, evaluates vendors on their overall EoR services as well as their enabling technology, and recognizes Velocity Global for both its ability to deliver immediate customer benefit as well as its capability to meet future customer needs. “The global EoR market continues to grow and mature as companies look to access a truly global talent pool as Work from Anywhere policies continue to expand for years to come,” said Jeanine Crane-Thompson, Principal Analyst with NelsonHall’s HR Technology & Services practice. “As an early entrant in the employer of record market, Velocity Global has deep expertise providing firms a path to compliant global expansion in over 185 countries and all 50 U.S. states while its strong technology platform ensures a seamless experience for employers and talent.” As the largest global EoR provider, Velocity Global simplifies work by enabling companies to compliantly hire, manage, and pay workers anywhere in the world. The company’s Global Work Platform TM simplifies the employer and talent experience by combining proprietary cloud-based talent management technology, personalized expertise, and unmatched global scale. Specifically, NelsonHall highlights several strengths that position Velocity Global well to deliver customer benefit, including: Broad expertise. To support organizations looking for compliant international expansion and workforce management, Velocity Global offers comprehensive solutions and expertise in key growth segments, including independent contractor compliance, benefits, immigration, payroll, and payment management. Available funding. Successful Series A and a recent $400M Series B funding rounds in 2021 and 2022 will allow for continued R&D as well as potential inorganic growth strategies to expand front-end HR service offerings and add further functionalities to its Global Work Platform TM. Strong and expanded portfolio. Recent acquisitions of iWorkGlobal and Shield GEO in 2021 allowed Velocity Global to strengthen the company’s portfolio and add functionalities to its platform. Comprehensive services. Complementary services beyond EoR, including merger, acquisition, and divestiture consulting, help facilitate cross-border and carve-out transactions aligned with its global EoR operating model enabling clients to more quickly and efficiently execute and close deals. “We are proud to again be recognized as a leader in global EoR services by NelsonHall,” says Brad Collins, chief strategy officer at Velocity Global. “Our teams constantly innovate to simplify the process of compliantly hiring, managing, and paying talent anywhere, and NelsonHall highlights our platform’s ability to meet the needs of businesses today and in the future.” For deeper insights download our report here. About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform TM 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 and all 50 United States. 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/

September 01, 2022 09:30 AM Eastern Daylight Time

Image
Article thumbnail News Release

Volatus Aerospace to Remotely Fly Multiple Drones in Las Vegas from Canada

Volatus Aerospace Corp.

At the Commercial UAV Expo in Las Vegas, the world’s leading commercial drone trade show and conference, Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") will demonstrate the current capabilities of remotely piloted operations by flying multiple drones from its remote operations center at the Lake Simcoe regional airport in Ontario on Tuesday, September 6 at the Henderson Equestrian Park North during their annual drone demo day. During the 20-minute flight, Richard Podolski, VP of Flight Operations for Volatus Aerospace, will remotely operate the drones from the Volatus Remote Operations Center in Canada including pre-flight authorizations, takeoff, and landing, much in the same way a pilot would operate a drone from the Company’s AERIEPORT nesting station. To meet the requirements of cross-border regulatory compliance, the Company will have FAA certified local pilots at the demonstration site. This demonstration follows the introduction of the AERIEPORT announced by the Company in June of this year and the special flight operations certificate for the remote operation of a drone received by the Company and announced in August of this year. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, Latin America and most recently in Europe. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information 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 (i) the business plans and expectations of the Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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 TSX Venture Exchange (“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 release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

September 01, 2022 07:42 AM Eastern Daylight Time

Image
Article thumbnail News Release

Bernie Sanders Fined $15,000 by FEC for Hiring of Foreign Nationals

Coolidge Reagan Foundation

First Amendment watchdog Coolidge Reagan Foundation (CRF), on the heels of securing a record 6-figure fine against Hillary Clinton’s 2016 campaign and the DNC, announced it has secured a five-figure fine against Senator Bernie Sanders. In a filing not yet made public, the Federal Election Commission (FEC) acted on a 2019 Complaint CRF filed exposing illegal activity by the Bernie Sanders campaign. The CRF Complaint exposed how the Bernie Sanders campaign hired foreign nationals in violation of federal election laws designed to prevent international actors from meddling in U.S. elections. As part of a conciliation agreement with the FEC, the Bernie Sanders campaign must pay a fine of $15,000. Additionally, the Sanders campaign must agree not to contest the findings of the FEC and must cease and desist from further law-breaking. “I find it incredibly ironic and not at all surprising that the same people who were so outraged by the Russia hoax were at the same time violating laws to prevent foreign influence in our elections,” said Dan Backer Counsel to Coolidge Reagan Foundation. “The Bernie Sanders campaign got caught willfully and knowingly allowing foreign nationals to participate in the strategy, planning, and tactical implementation of campaign activity.” The original Complaint may be found here. The Conciliation Agreement will be posted by the FEC within the next 30 days. The Complaint alleged in part that, “…Due to the high profile of Cesar Vargas, Erika Andiola, and Maria Belén Sisa as leading activists in the undocumented community, there is reason to believe that respondents are ‘foreign nationals'…and in violation of…directly or indirectly participated in the decision-making process of persons with regard to the election-related activities…” The Bernie Sanders Conciliation Agreement follows another recent Coolidge Reagan victory at the FEC from a 2018 Complaint resulting in a $113,000 fine against Hillary for America and the Democratic National Committee (DNC) for lying about their funding of the Russia Hoax dossier. “Our track record is strong. We went after Hillary, and we won. We went after Comrade Bernie, and we won, again,” Backer continued. “While those on the radical left may not care about the truth, we do. Our determination is unwavering, and we expect the FEC will agree with us again as we call out additional violations in FEC Complaints we have filed.” ### Please visit https://www.coolidgereagan.org/. For more information or to schedule an interview with a CRF spokesperson, contact Dan Rene at 202-329-8357 or danrenejr@gmail.com. Contact Details Dan Rene +1 202-329-8357 danrenejr@gmail.com Company Website https://www.coolidgereagan.org/

August 31, 2022 10:00 AM Eastern Daylight Time

Article thumbnail News Release

Recruiting platform Kula raises $12M seed funding round to make every employee a recruiter

Kula

Kula, a recruitment automation platform, has raised a $12 million seed round to make outbound recruiting seamless for founders and recruiters at SMBs and mid-market companies. The round was co-led by Sequoia Capital India and Square Peg Capital, also saw participation from existing investors – Venture Highway and Together Fund, and a handful of prominent angels. The seed fundraise comes within six months of the pre-seed announcement, taking the total funding amount to $15M before the public release of the product, displaying a strong tailwind of investor and customer confidence. “Recruitment is an absolute priority for companies across the spectrum of size, industry, and geography, and is still an underserved business function. Kula’s founding team brings an unmatched combination of substantial recruiting experience and distinguishing engineering talent - giving them the ability to understand the problem deeply and build a solution that scales with the organizations they serve.” Piruze Sabuncu, Partner at Square Peg Capital. The founding team at Kula comprises co-founders Achuthanand Ravi, ex-Stripe, Uber and Freshworks recruiter, Sathappan, engineer number 3 at Freshworks, and later an engineering leader at Grab, and Suman Kumar Dey, an early member of the Infra team at Freshworks and Grab, and Architect at Salesforce. The fresh funds will further Kula’s mission with expansion of R&D, product and GTM teams across the three offices in US, Singapore, and India. With a strong momentum of notable alpha customers, the funds will also accelerate its global customer footprint. "Almost all business functions have reinvented themselves in the past decade, except for recruiting. CEOs openly term recruitment as their competitive priority and yet the recruiters are functioning in 2022 with the tools of the 1990s," said Achuthanand Ravi, Co-founder & CEO at Kula. "I have been a recruiter all my career at places like Stripe, Uber, and Freshworks. Never have I ever enjoyed writing the same email, a couple dozen times everyday, or updating the candidate spreadsheet based on the replies to those emails or LinkedIn requests. We understand the challenges of a recruiter through first-hand experience. We want to empower them to do their best work, close more candidates, and focus on the future," added Achuthanand. Kula provides a sleek and intuitive SaaS platform for recruiters and founders to automate continual engagement with their top candidates. It seamlessly integrates with all the tools recruiters interface with in their work day including LinkedIn, GitHub Gmail, and theApplicant Tracking System (ATS). Recruiters can then create automated workflows to engage with their top of funnel candidates through emails, LinkedIn nudges and InMails. Automating outreach campaigns saves recruiters from spending endless hours on the most repetitive tasks in the hiring process. "We are seeing a tectonic shift as organizations across the spectrum are switching to outbound hiring processes as default. Achuthanand and team have unique insights in outbound recruitment gathered from their own past experiences and they are leveraging it to build a platform that replaces ad-hoc hiring processes with an automation stack. We are excited to be a part of this journey with a strong team building a SaaS product for global customers." Aakash Kapoor, VP, Sequoia Southeast Asia. A key recruiting challenge that Kula aims to solve is making referrals proactive. Most referral workflows fail in the real world because recruiters have almost no control over the process apart from nudging employees to find a good-fit candidate from their network. Kula’s Circle changes that. It brings all employee networks to one place. Recruiters can then identify the next superstar hire from first-degree connections of all employees and get an intro with a click of a button. It takes the reactive approach to referrals and makes it proactive - easier for recruiters to take action, eliminating the incessant cycle of follow-ups. “Our trust in Kula’s idea and team has only gotten stronger by witnessing the product in action. The way companies hire has shifted from inbound to outbound, and Kula brilliantly integrates itself with this new way of hiring and takes the experience a notch above. I foresee Kula being a key component of companies winning the talent war.” Priya Mohan, Partner at Venture Highway. About Kula Kula transforms the way recruitment happens today. It empowers recruiters and employees at large to leverage their entire network, reach out, and engage with top talent and turns hiring into a competitive advantage for the company. Kula is led by a strong team of recruiters, engineers, and marketers. Seasoned recruiter Achuthanand Tanjore Ravi co-founded Kula after witnessing a significant void in the recruitment stack, which was limited only to systems of records (ATS and HRMS) and no system of actions. Previously, Achu has helped hire Stripe’s executive leadership team globally, and in the past, helped build Uber’s tech organization in AMER, EMEA and India, and was the founding recruiter at Freshworks and Practo. Achuthanand, along with his past colleagues, Sathappan, engineer number 3 at Freshworks, and later an engineering leader at Grab, and Suman Kumar Dey, early member of the Infra team at Freshworks and Grab, and Architect at Salesforce, set out to replace a broken system of recruitment, hacked together with spreadsheets and mass emails, with a scalable hiring platform that saves recruiters from the proverbial recruiting hell. Contact Details Kula Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.kula.ai/

August 31, 2022 09:24 AM Eastern Daylight Time

Image
Article thumbnail News Release

Government Brands Becomes “Catalis” for Transforming Government

Catalis

Government Brands, LLC, the trusted technology partner for thousands of US and Canadian government entities, has launched a rebrand as Catalis TM. Catalis is one of North America’s leading government Software as a Service (SaaS) and integrated payments providers, powering municipal, county, state, and federal governments. Government Brands was launched in late 2017 and in less than five years strategically acquired and combined more than 30 GovTech companies across the US and Canada. This rapid growth necessitates a new way to organize and brand their broad portfolio of software and payments solutions. The rebrand, which is not a corporate restructuring, is part of the company’s natural progression as it continues to grow and offer clients innovative technology and a more comprehensive suite of solutions. A recapitalization in 2021, with leading investors PSG and TPG, elevated Government Brands to “unicorn” status, with a valuation exceeding $1 billion. Rebranding is the next step of evolution toward further expansion and positioning Catalis as North America's premier software and digital payments provider to government. “This an exciting time – not only for our company but also for our customers and stakeholders,” says John Kristel, CEO of Catalis. “This rebrand reflects the evolution of our company and provides an opportunity to better communicate the wide range of best-in-class solutions we provide. We look forward to uniting our existing brands under one comprehensive citizen-first brand focused on serving government.” “Catalis” is inspired by the word “catalyst,” which describes the company’s mission: to serve as a catalyst for creating a modern digital government. Their deep expertise, proven track record, and purpose-built digital solutions empower public officials to advance government and engage citizens through technology. The company offers a wide range of technology solutions across government with a portfolio of leading SaaS solutions for Citizen Engagement, Courts, Land Records, Public Works, Tax, Regulatory & Compliance, and CAMA, and integrated systems for Payments. “The inherent complexity of government can hinder change, and no one feels this more than the people who work there: the public servants who work tirelessly to meet the needs of their citizens,” continues Kristel. “Catalis understands those challenges and provides the technology, expertise, and agility to successfully deploy modern, transformative solutions.” While the brand name has changed, Kristel assures customers that Catalis will continue to provide an unparalleled customer service experience, including an expanded range of resources and solutions to help them modernize government and engage citizens. “Our existing customers will continue to experience the same customer-centric service they have grown to know and rely on, and we’re excited to develop new partnerships at all levels of government,” says Kristel. “The rebrand to Catalis is just the next step in our progression to providing the technology and innovation to meet – and exceed – the expectations of a modern digital government.” About Catalis Catalis is the transformational SaaS and integrated payments partner powering all levels and sizes of government – municipal, county, state, and federal. With deep expertise, a proven track record, and innovative digital solutions, Catalis has empowered public servants across the US and Canada to modernize government and engage citizens. For more information, visit www.catalisgov.com. Contact Details Catalis Eric Johnson, EVP Government & Legal Affairs +1 612-309-7111 ericjohnson@catalisgov.com

August 30, 2022 06:00 AM Eastern Daylight Time

Article thumbnail News Release

Volatus Aerospace Corp. Announces Record Second Quarter 2022 Sales of $6.6M and Provides Corporate Update

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company"), a global leader in the drone industry, is pleased to announce its financial results for the quarter ending June 30, 2022 ("Q2 2022"). The revenue increase in Q2 2022 was driven by strong organic growth, expansion into the defense segment, geographic expansion, and higher services and training revenue. The Company generated revenue of $11,437,421 in the first half of 2022. The first two quarters have seasonality for drone services and training, and the third quarter is expected to be the strongest in these segments. Key Financial Highlights: Revenue for Q2 2022 was $6,629,593, an increase of 38% over the previous quarter and a 95% increase over the same quarter prior year. Gross profit for Q2 2022 was $1,900,920 an increase of $943,968 over the same period in 2021. The increase in gross profit was due to scale in product and services activities. Volatus recorded a comprehensive loss of ($1,626,896). This was due to increased investment in human resources in the defense and integrated solutions segment, and increased advertisement and marketing expenses. The Company has experienced a gross margin of 29% representing an increase of 6% over the first quarter of 2022. Contributing to increased margins are revenue from product diversification, and higher margins from services and training. Notable Operational Accomplishments During the Quarter: Continued delivery of ISR (Intelligence, Surveillance, and Reconnaissance) Drones to Ukraine Addition of several ISR products for defense and public safety The strategic acquisition of Canadian Air National Inc., which performs aerial pipeline inspections Launch of Latin America joint venture Introduction of Volatus AERIEPORT, an autonomous drone nesting station Signed numerous partnerships with OEMs to diversify and commercialize product offerings Announcement of a commercial training agreement with Moose Cree First Nations Appointment of Lt. General (Ret’d) The Honorable Andrew Leslie to the Board of Directors "I am pleased with the continued progress of our team as they continue to execute our plan toward a sustainable and profitable future,” said Glen Lynch, CEO of Volatus Aerospace. “Our investments in the defense and public safety sectors are beginning to gain traction and the introduction of the AERIEPORT and other Volatus technology solutions will help drive higher margin sales in the future.” The condensed consolidated interim financial statements for the three months ended June 30, 2022, and associated management discussion and analysis, are available under the Company's profile on SEDAR at www.sedar.com. This news release is not in any way a substitute for reading those financial statements, including the notes to the financial statements. Webinar In conjunction with this release, Volatus investor relations will host a webinar on Tuesday, August 30 th at 4:30 PM EST at which time Glen Lynch, Chief Executive Officer, and Abhinav Singhvi, Chief Financial Officer, will review the quarterly results and major milestones with Rick Peterson, CEO of Peterson Capital, as moderator. Investors are invited to register for the webinar here. https://us06web.zoom.us/webinar/register/WN_DQE4_KNfR9CdqWJ4CEIkkQ Audio Replay Options An audio replay of the event will be archived on the Investor Relations page of the company's website here CORPORATE UPDATE The Brokered Private Placement Volatus is pleased to announce that it has engaged Echelon Wealth Partners Inc. (the “Lead Agent”) and Integral Wealth Securities Limited (“Integral”, and together with the Lead Agent, the “Agents”) on a commercially reasonable best efforts private placement for the sale of up to 1,388,888 units of the Company (the “Units”) in the Province of Quebec at a price of $0.36 per Unit (the “Offering Price”) for aggregate gross proceeds of up to $500,000 (the “Offering”). Each Unit will be comprised of one common share in the capital of the Company (each, a “Common Share”) and one common share purchase warrant (a “Warrant”), with each Warrant being exercisable to acquire one Common Share at a price of $0.50 per share for a period of 24 months following the issuance thereof. The proceeds derived from the sale of the Units will be used for (i) inventory purchases and increasing factory operations; (ii) R&D and capital expenditure, (iii) future acquisitions and (iv) and for working capital and general corporate purposes. In consideration of the services rendered by the Agents in connection with the Offering, the Company has agreed to pay to the Agents on the closing date a commission equal to 8% of the gross proceeds from the Offering. In addition, the Company will issue the Agents warrants (the “Agents’ Warrants”) to acquire that number of Units which is equal to 8.0% of the number of Units sold under the Offering, at an exercise price equal to the Offering Price. The compensation to the Agents on certain subscriptions on a president’s list of up to $500,000 shall be reduced to 3% Cash Commission and 3% Agents’ Warrants. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, Latin America and most recently in Europe. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information 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 (i) the business plans and expectations of the Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 833-865-2887 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

August 29, 2022 04:30 PM Eastern Daylight Time

Image
1 ... 34567 ... 96