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D S Simon Media Announces Promotions to Key Team Members Mike Bako and Lauren Campbell

YourUpdateTV

D S Simon Media has announced promotions to key team members that have been integral to the company’s strong continued performance. Mike Bako has been named Senior Vice President, Media and Broadcast Services. “What D S Simon Media is about is evolving in real time to meet the needs of our clients and embrace that challenge, all while creating the highest caliber and most creative work,” said Bako. “I look forward to continuing to lead and grow our team of seasoned media and production veterans,” he added. Bako has been with the company for 9 years. “Mike has been critical to our 30% growth over the last two years. He has a unique understanding of the broadcast news environment, storytelling and client messaging. He’s a fantastic leader,” said CEO, Doug Simon. Additionally, Lauren Campbell has been named General Manager. “I am very excited to be continuing my career at D S Simon Media in my new role as General Manager,” said Campbell. “I am thankful to be part of such a talented group and am very much looking forward to leading the team to growth and success in 2021,” she added. Campbell has been with the company for 15 years. CEO, Doug Simon, said, “Lauren was vital in helping us successfully navigate the financial challenges posed by COVID while building, maintaining and leading our outstanding team.” Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

January 28, 2021 09:40 AM Eastern Standard Time

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Velocity Global welcomes tech leader and ‘Shark Tank’ investor Robert Herjavec as global brand ambassador

Velocity Global

Velocity Global, the leading provider of global expansion solutions, today announced a partnership with Robert Herjavec to serve as an international brand ambassador for the company. Herjavec is a leading investor on the Emmy Award-winning show, “Shark Tank,” and founder and CEO of global cybersecurity firm, Herjavec Group. “As an entrepreneur and investor, I want other business leaders to know there are efficient and agile global expansion options for immediate, streamlined growth,” said Herjavec. “My own business experience taught me firsthand about the challenges of growing on a global scale. Velocity Global simplifies global expansion. Fast-growing businesses gain the ability to test new markets without a long-term investment, bring on top talent anywhere around the globe, and protect valuable intellectual property. Its focus on the customer experience approach is what sets it apart and I’m excited to help businesses grow.” Clients rely on Velocity Global’s expertise and global infrastructure to hire internationally without the cost or complexity of foreign legal entity establishment. As a strategic partner, Velocity Global manages in-country compliance, payroll, and benefits for its clients’ supported employees so that businesses can focus on growth. “A rise in demand for tech services is spurred by the pandemic, and growth happens now,” said Rob Wellner, Velocity Global chief revenue officer. “Robert relates with other business leaders as a peer. He grew his cybersecurity company into a multinational firm and is passionate about helping others recognize the benefits of global business. He embodies the entrepreneurial journey as an immigrant with a paper route to the launch of his own successful global company from his basement. He shares our vision and our values, and we welcome him to the Velocity Global team.” Herjavec contributes his insights on the outlook of global business in Velocity Global’s 2021 State of Global Expansion ™ report scheduled to be released in February. Sign up here to receive a copy of the report upon launch. Herjavec joins former FedExCup and five-time PGA TOUR champion, Billy Horschel, as a global brand ambassador for Velocity Global. Both exhibit the values of the company and reinforce Velocity Global’s People First approach to global expansion. ABOUT ROBERT HERJAVEC Robert Herjavec is one of North America’s most recognizable business leaders. A dynamic entrepreneur, Robert has built and sold several IT companies and is the Founder & CEO of Herjavec Group, a global cybersecurity operations leader specializing in managed security services, compliance, identity services and incident response for enterprise-level organizations. He shares his expertise with other entrepreneurs each week as a leading Shark on ABC’s Emmy Award-winning hit show, Shark Tank. For more information visit www.robertherjavec.com. ABOUT VELOCITY GLOBAL Velocity Global helps companies grow globally. Founded in 2014, Velocity Global’s clients rely on its expertise and global infrastructure in 185 countries to hire compliantly around the world, increase revenue, scale efficiently, and access global talent. Named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall, Velocity Global is a strategic partner to its clients with comprehensive services led by its core offering of International PEO as well as Immigration, Entity Setup and Support, Global Talent Acquisition, and Consulting. Velocity Global is headquartered in Denver, Colorado, with regional headquarters in Amsterdam and Singapore, and local employees in 14 countries. Contact Details Velocity Global John Hall +1 720-650-4348 johnhall@velocityglobal.com Company Website https://velocityglobal.com/

January 28, 2021 07:02 AM Mountain Standard Time

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CMMC Center of Excellence Announces Engagement Agreement with Choice Cybersecurity

Interoperability Clearinghouse

The Cybersecurity Maturity Model Certification Center of Excellence ( CMMC COE ), hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public-private partnership serving the public and private sectors for more than 15 years, is excited to announce a partnership with Choice Cybersecurity, a certified Registered Provider Organization (RPO) that provides end to end security and compliance solutions for government contractors working to meet all levels of CMMC compliance. This unique partnership will extend efforts to identify and include proven capabilities within the CMMC COE Marketplace to improve cybersecurity protection and resilience for the global defense industrial base network of contractors, vendors, and suppliers. The executed Engagement Agreement establishes a collaborative engagement between Choice Cybersecurity and the CMMC COE to partner in the furthering of their respective and complementary missions and objectives regarding the adoption, use, and expansion of CMMC based cybersecurity practices, risk management, and compliance for the DIB contractor community and the information and communications technology sectors creating a broader CMMC ecosystem globally to improve security and resilience. Specific actions will include: The co-development of CMMC advisory services, cyber training and education programs to accelerate CMMC certification, increase cyber adoption and improve cyber protection & resilience. Co-sponsor symposiums, training programs and podcasts leveraging their combined cyber and IT expertise. Host regular working groups, with other partners, to enable collaboration and communications. Source qualified CMMC/ cyber professionals to serve as advocates. Establish an independent Industry Cyber Security Advisory Council with peer organizations to advise and educate leaders across government and industry on the continued evolution and effectiveness of CMMC. The CMMC-COE ( http://cmmc-coe.org ) and Choice Cybersecurity partnership will focus on bringing together the many disparate cyber and national security communities of interest to reduce complexity, improve awareness, and accelerate industry effort to become more cyber resilient against the growing threats from nation states and criminal enterprises. The range of capabilities offered by Choice Cybersecurity, including Risk & Compliance Assessment; Security Products & Services; & Continuous Compliance Services, strengthens the portfolio of technology partner providers supporting the CMMC Center of Excellence. “This is exciting opportunity for us”, said Mr. John Weiler, Chairman of the Board at CMMC Center of Excellence, “This new partnership will further help advance the goals and objectives for improving the supply chain security and resilience of the US Department of Defense (DoD)”. "Choice Cybersecurity is excited to partner with the CMMC COE to improve the overall cyber resilience of companies in the defense industrial supply chain. The collective effort will go a long way in preventing future cyber attacks and data breaches across the entire ecosystem.” said Steve Rutkovitz, CEO, Choice Cybersecurity. The CMMC-COE establishes both a Market Place and Knowledge Clearinghouse that will include resources that support the overall effort, including white papers; tutorials; recorded webcasts; presentations; and more, that will help reduce the cost and burden on small and medium size contractors already struggling from the impact of COVID. For more information on the CMMC COE, please visit http://cmmc-coe.org email info@cmmc-coe.org or call 703-863-3766 For more information on Choice Cybersecurity, please visit https://www.choicecybersecurity.com/ About Us ---------- CMMC-COE.ORG is a unique non-profit public-private partnership, with a vision to accelerate Cybersecurity Maturity Model (CMM) adoption, and reduce time & cost for security compliance for our partners by leveraging commercial best practices, CMMC standards, and innovative solutions for a measurable success. Our mission, focused on DOD mission objectives, cost containment and expeditious CMMC compliance, is to help the DIB improve cyber posture and resilience, and simplify its acquisition. The CMMC-COE is hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public/private partnership (P3) chartered in 2007 as an honest broker to reach outside the confines of the Federal IT advisories that lack dynamic reach into the Global IT Market, and dedicated to the adoption of commercial IT management standards of practice and innovations emanating from the Global IT market. Team IT-AAC has already demonstrated the value of its decade long investment, and provides a unique value to agencies seeking to achieve accelerate the transformation of legacy processes and systems. Our Just-in-Time SMEs apply an innovative suite of Technology Business Management and Agile Acquisition Processes needed to assure the business value of commercial IT. The Interoperability Clearinghouse (ICH), is the managing partner that make up the 24 NGO/SDO organizations that make up the IT-AAC. ICH provides the contract vehicles, clearances, and critical resources proven to guide sustainable, measurable and repeatable processes needed to drive better investment decisions as the speed of mission need, while aligning existing processes, methods and workforce with IT reform mandates contained in Clinger Cohen Act, FITARA, IT MGT Act, EO13838. Contact Details Bob Dix +1 703-975-6633 bob.dix@it-aac.org Company Website https://cmmc-coe.org

January 27, 2021 08:00 AM Eastern Standard Time

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TeamSnap Named Best Club Management Software for 2021

TeamSnap

TeamSnap has been named as the best sport management software of 2021 by Digital.com, a leading independent review website for small business online tools, products, and services. TeamSnap’s industry-leading platforms have been evaluated based on its management features and integration capabilities including its registration and payment solutions along with its new Health Check COVID-19 screening tool that has been used for close to 10 million completed screenings since its launch in August. "We are incredibly proud to have created an efficient and easy-to-use platform that millions of sports organizations and teams trust and rely on everyday," said TeamSnap co-founder and CEO Dave DuPont. "This independent industry recognition is a testament to the efforts of our determined product team. As sports events return over the coming months, we are heartened to know that TeamSnap will be helping thousands of community clubs, leagues and associations get back up and running.” Digital.com’s research team has conducted a 40-hour assessment of more than 70 different software solution providers. TeamSnap was assessed for its capacity to manage schedules, payments and communications along with its integration into other external platforms. To access the complete list of best club management software, please visit https://digital.com/club-management-software/. -30- ABOUT TEAMSNAP Since its formation in 2009, TeamSnap has been single-mindedly focused on taking the work out of play. 24 million coaches, administrators, players and parents rely on TeamSnap’s powerful and easy-to-use tools for communication, scheduling, payment collection and registration, organizing every sport and group activity in the world. For more information, visit https://www.teamsnap.com/. Contact Details Greg +1 416-458-3591 greg.mcisaac@teamsnap.com Company Website https://www.teamsnap.com/

January 25, 2021 12:00 PM Eastern Standard Time

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Minuteman Press Earns Entrepreneur Number 1 Rated Printing and Marketing Franchise and Franchise Business Review Top Franchise Rankings for 2021

Minuteman Press International Inc

Minuteman Press International is Entrepreneur Magazine’s 2021 #1 Rated Printing & Marketing Franchise Marking an Impressive 30 Years and 18 Years in a Row at Number 1 Franchise Business Review Has Named Minuteman Press to Their Top Franchises of 2021 Rankings Based Directly on Franchisee Feedback Minuteman Press International, the world’s leading design, marketing, and printing franchise, has been awarded the 2021 #1 printing and marketing franchise ranking by Entrepreneur Magazine. The Minuteman Press franchise team has now achieved this prestigious #1 rating for an impressive 30 years and 18 years in a row. Independent franchisee satisfaction firm Franchise Business Review has also named Minuteman Press International to their Top Franchises of 2021 listing based directly on comprehensive feedback and Minuteman Press franchise reviews from owners. In 2020, Minuteman Press reached an incredible milestone, celebrating 45 years in franchising. Thanks to a complete team effort and the leadership of Nick Titus, third-generation President of Minuteman Press International, Minuteman Press franchisees have been able to adapt and operate efficiently despite the challenges of the COVID-19 pandemic. “ Printing is an essential business and Minuteman Press owners provide critical, high-demand products and services to businesses and organizations to help them operate efficiently, market effectively, communicate with clients, and grow,” says Titus. He adds, “To once again receive top franchise rankings from Entrepreneur and Franchise Business Review is a testament to the dedication of our owners and the mutual commitment we have in helping them succeed.” Peter Castorena has owned his Minuteman Press franchise in Lancaster, CA for nearly 15 years. Already a member of the President’s Million-Dollar Circle for achieving yearly gross sales of at least $1 million, Peter has continued to grow his sales even during the COVID-19 pandemic. He says, “There is nothing more that Minuteman Press International could have done to support franchise owners like me during this unprecedented time. We really appreciate the leadership and communication shown by Nick Titus as well as the additional marketing resources and ongoing support we have received when we needed it most.” One of the marketing resources established by Minuteman Press to help support local businesses everywhere during the pandemic is Bounce Back USA. The free initiative provides free local business listings and free COVID-19 awareness and prevention posters. Bounce Back USA was featured in Forbes and has helped connect thousands of businesses in local communities to their consumers with the idea of supporting and shopping local. Titus says, “I am very proud of the work we’ve done with Bounce Back USA (and the Bounce Back programs in other countries we operate) as well as the various marketing campaigns and strategies we’ve quickly developed and made available to our franchisees. As a team, we are constantly striving to help our franchisees and their clients grow their businesses.” He continues, “As essential businesses, our franchises remain open and operating with safe ordering, pickup, and delivery options. For each of our locations, we continue to add more high-demand products and services and we have been doing this for a long time. Today, your local Minuteman Press franchise can provide virtually any type of custom printing and design, direct mail campaigns, large format printing (banners, posters, and signage), custom branded apparel, promotional items, and more.” Titus concludes, “As we move forward into 2021, I am optimistic that we will be able to continue the momentum that we’ve built together. I am thankful for the diversity of products and services that our owners can provide their customers. Already having longstanding relationships with vendors and suppliers enabled us to pivot easily during the pandemic and offer PPE products to our customers as well as other essential products. Our owners have been able to adjust to the needs of their clients throughout the pandemic, and moving forward I feel we will continue to stay strong and grow together.” For more information about #1 rated Minuteman Press printing franchise opportunities and to read Minuteman Press franchise reviews, visit https://minutemanpressfranchise.com. About Minuteman Press International Minuteman Press International is the number one rated business marketing and printing franchise that offers world class training and unparalleled ongoing local support. At Minuteman Press, We Are The Modern Printing Industry ™ providing high quality products and services that meet the needs of today's business professionals and go way beyond ink on paper. Today, our centers offer innovative branding solutions and produce custom designs, promotional products, branded apparel, direct mail marketing, large format printing (banners and posters), signs and graphics, and much more. Prior experience is not necessary to own and operate a successful Minuteman Press franchise. Learn more about Minuteman Press franchise opportunities and access franchise reviews at https://minutemanpressfranchise.com Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

January 25, 2021 10:00 AM Eastern Standard Time

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U.S. Chamber of Commerce Report: State of American Business

YourUpdateTV

The pandemic has caused unprecedented economic disruption. In conjunction with the State of American Business, the U.S. Chamber of Commerce has released a new economic report on the outlook for and challenges facing key industries across the country. A video accompanying this announcement is available at: https://youtu.be/uTchoM1ZxrQ The Chamber has released its annual policy agenda, detailing the most important legislative and regulatory priorities for the American business community. It includes how business is ready to work with the new Biden Administration and the new Congress to rally for recovery as we continue to battle the pandemic. Neil Bradley, Exec VP and Chief Policy Officer, U.S. Chamber of Commerce, conducted a nationwide media tour from Washington, DC in conjunction with D S Simon Media and YourUpdate TV to address results of a new economic report on the business outlook for recovery in 2021. During interviews with TV and radio stations across the country, Neil Bradley discussed: Results of the new economic report on the business outlook for recovery in 2021 What local businesses can do to rally for recovery post pandemic How business hopes to work with the Biden Administration to get things done on issues including infrastructure, immigration, and the workforce. The Chambers most important legislative and regulatory priorities to help local businesses recover. The latest on support available for local businesses About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

January 25, 2021 10:00 AM Eastern Standard Time

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Fisher Phillips Selects OnePlace Marketing & Business Development to Power Its Connected Firm

Intapp

Intapp, the leader in connected firm management solutions for professional and financial services firms, has announced Fisher Phillips, a national labor and employment law firm representing employers, as the latest addition to its growing portfolio of OnePlace Marketing & Business Development clients. The firm will utilize Intapp’s connected client lifecycle management suite to better integrate people, processes, and data across its 36 United States offices. Founded in 1943, Fisher Phillips is a destination law firm for companies seeking counsel on a wide range of employment-related matters across various industries. The 450-lawyer firm’s selection of the OnePlace Marketing & Business Development solution is the culmination of several years of investment in IT, marketing, business development, and data management. “We’re greatly looking forward to deploying OnePlace Marketing & Business Development to manage firm wide data more efficiently, collaborate more effectively, empower lawyers to make strategic contributions to business development, and ultimately better serve our clients,” said Jeannie Muzinic, Fisher Philips’ Chief Business Development & Marketing Officer. “This unprecedented year has crystallized the deep value of strategic business development to our firm, as well as the importance of building the right technology infrastructure required to support new ways of working,” says Ann Meyer, Fisher Phillips’ Director of Marketing Technology. “OnePlace Marketing & Business Development provides a centralized, proactive, and purpose-built solution designed for the legal industry that will meet our needs and help us connect, manage, and automate all of our firm’s data.” “We’re thrilled to welcome Fisher Phillips to an expanding cohort of firms that realize the importance of delivering a connected client experience from strategy and origination through execution,” said Lavinia Calvert, General Manager for Marketing & Business Development Solutions at Intapp. “Fisher Phillips’ lawyers — who are already leaders in employment law— will now be armed with real-time, personalized insights, and AI-driven information to help them drive business outcomes and growth for years to come. With OnePlace Marketing & Business Development, they’ll immediately see the benefits of working with the legal industry’s only end-to-end connected firm management solution, built specifically to support the entire client journey for partner-led firms.” For more information on OnePlace Marketing & Business Development, please visit intapp.com/marketing. About Intapp Intapp powers connected firms. Trusted by more than 1,600 of the world's top legal, investment banking, private capital, accounting, and consulting firms, Intapp offers end-to-end, cloud-based connected firm management software built for the unique needs of partner-led firms. Intapp helps enhance collaboration, unleash collective knowledge, transform decision-making, and fuel success. Our products and services span the entire engagement lifecycle from strategy through origination and execution to drive optimal outcomes. For more information, visit intapp.com and connect with us on Twitter (@Intapp) and LinkedIn. About Fisher Phillips ( fisherphillips.com ) Fisher Phillips, a national labor and employment law firm serving employers, is committed to providing the highest level of client service for every matter it handles. Fisher Phillips employs more than 450 attorneys in 36 offices. Contact Details Intapp Natalie Papaj +1 703-586-0048 natalie.papaj@intapp.com Company Website http://www.intapp.com

January 25, 2021 07:30 AM Eastern Standard Time

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CMMC Center of Excellence Announces Engagement Agreement with itSM Solutions

Interoperability Clearinghouse

The Cybersecurity Maturity Model Certification Center of Excellence ( CMMC COE ), hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public-private partnership serving the public and private sectors for more than 15 years, is excited to announce a partnership with itSM Solutions, a global consortium of academic, government and industry thought leaders working together to create training and technology solutions that enable enterprises to design, operationalize and automate a cybersecurity risk management program based on the best practice publications created by the National Institute of Standards and Technologies (NIST), the International Standards Organization (ISO), the Center for Internet Security (CIS) and the Committee of Sponsoring Organizations (COSO) of the Treadway Commission. This unique partnership will extend efforts to identify and include proven capabilities within the CMMC COE Marketplace to improve cybersecurity protection and resilience for the global defense industrial base network of contractors, vendors, and suppliers. itSM has created an innovative, turnkey NIST 800-171 FastTrack Readiness Program that will provide DIB companies with an affordable, fixed price cybersecurity risk management solution that will deliver the cybersecurity risk management outcome expected by the Department of Defense. The FastTrack program will include accredited certification training, online mentoring from industry experts plus an online Integrated Risk Management (IRM) platform that will seamlessly integrate all cybersecurity and IT Risk and Compliance functions into a powerfully automated assessment and program management solution. The executed Engagement Agreement establishes a collaborative engagement between itSM Solutions and the CMMC COE to partner in the furthering of their respective and complementary missions and objectives regarding the adoption, use, and expansion of CMMC based cybersecurity practices, risk management, and compliance for the DIB contractor, vendor, and supplier community of providers creating a broader CMMC ecosystem globally to improve security and resilience. Specific actions will include: The co-development of CMMC advisory services, cyber training and education programs to accelerate CMMC certification, increase cyber adoption and improve cyber protection & resilience. Co-sponsor symposiums, training programs and podcasts leveraging their combined cyber and IT expertise. Host regular working groups, with other partners, to enable collaboration and communications. Source qualified CMMC/ cyber professionals to serve as advocates. Establish an independent Industry Cyber Security Advisory Council with peer organizations to advise and educate leaders across government and industry on the continued evolution and effectiveness of CMMC. “This is exciting opportunity for us”, said Mr. John Weiler, Chairman of the Board at CMMC Center of Excellence, “This new partnership will further help advance the goals and objectives for improving the supply chain security and resilience of the US Department of Defense (DoD)”. “itSM Solutions is proud to partner with the CMMC COE on this very exciting initiative,” stated Mr. Rick Lemieux, Managing Partner and Chief Revenue Officer at itSM Solutions. “We look forward to collaborating with the COE on solutions that will not only get DIB companies ready for CMMC certification but also provide them with the skills and tools necessary to manage cybersecurity risk management as they would any other business function”. The CMMC-COE ( http://cmmc-coe.org ) and itSM Solutions partnership will focus on bringing together the many disparate cyber and national security communities of interest to reduce complexity, improve awareness, and accelerate industry effort to become more cyber resilient against the growing threats from nation states and criminal enterprises. The CMMC-COE establishes both a Market Place and Knowledge Clearinghouse that will include resources that support the overall effort, including white papers; tutorials; recorded webcasts; presentations; and more that will help reduce the cost and burden on small and medium size contractors already struggling from the impact of COVID. For more information on the CMMC COE, please visit http://cmmc-coe.org email info@cmmc-coe.org or call 703-863-3766 For more information on itSM Solutions, please visit https://www.itsmsolutions.com/ About Us ---------- CMMC-COE.ORG is a unique non-profit public-private partnership, with a vision to accelerate Cybersecurity Maturity Model (CMM) adoption, and reduce time & cost for security compliance for our partners by leveraging commercial best practices, CMMC standards, and innovative solutions for a measurable success. Our mission, focused on DOD mission objectives, cost containment and expeditious CMMC compliance, is to help the DIB improve cyber posture and resilience, and simplify its acquisition. The CMMC-COE is hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public/private partnership (P3) chartered in 2007 as an honest broker to reach outside the confines of the Federal IT advisories that lack dynamic reach into the Global IT Market, and dedicated to the adoption of commercial IT management standards of practice and innovations emanating from the Global IT market. Team IT-AAC has already demonstrated the value of its decade long investment, and provides a unique value to agencies seeking to achieve accelerate the transformation of legacy processes and systems. Our Just-in-Time SMEs apply an innovative suite of Technology Business Management and Agile Acquisition Processes needed to assure the business value of commercial IT. The Interoperability Clearinghouse (ICH), is the managing partner that make up the 24 NGO/SDO organizations that make up the IT-AAC. ICH provides the contract vehicles, clearances, and critical resources proven to guide sustainable, measurable and repeatable processes needed to drive better investment decisions as the speed of mission need, while aligning existing processes, methods and workforce with IT reform mandates contained in Clinger Cohen Act, FITARA, IT MGT Act, EO13838. Contact Details Bob Dix +1 703-975-6633 bob.dix@it-aac.org Company Website https://cmmc-coe.org

January 25, 2021 06:00 AM Eastern Standard Time

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Chris Jutt Reviews How Minuteman Press Franchise Conversion Program Helps Independent Printers Sell Their Printing Business

Minuteman Press International Inc

Minuteman Press International Regional Vice President Chris Jutt (Pacific Northwest) shares his professional experiences in connecting sellers of independent print shops with qualified buyers who are looking to buy a printing business. Minuteman Press International, the world’s leading and #1 rated printing franchise, is continuing to expand its Minuteman Press Franchise Conversion Program to help independent printers sell their printing business. “This program is a way for independent printers to sell their business at no cost and no broker fees to them,” says Chris Jutt, Minuteman Press Regional Vice President for the Pacific Northwest Region. Chris has been supporting Minuteman Press franchises in the Pacific Northwest (including Washington, Oregon, Idaho, and Montana) while also helping independent print companies find qualified buyers who are looking for the additional training, support, and resources that come with being part of the Minuteman Press network. Chris explains, “Everything is kept in strict confidence and we are simply there for sellers and will work with them at a pace they are comfortable with. We also help sellers by attracting a wide pool of buyers who don’t necessarily need to be in the printing industry because of the built-in training and ongoing support structure provided to them by Minuteman Press. After the sale of the business goes through, we work with the seller and buyer to help ensure a smooth, seamless transition that also best serves the client base.” How high is the demand for a printing business and how can Minuteman Press help? There is demand for buying a B2B business such as Minuteman Press because print is an essential business and Minuteman Press franchises are open and operating during the COVID-19 pandemic. Chris says, “We’ve seen high demand on our end from buyers because of what we can do for them. When selling your printing business as part of the Minuteman Press Franchise Conversion Program, we are able to expand products and services for buyers and provide benefits such as our proprietary pricing and business management software. Selling as a prospective Minuteman franchise opens up the book of buyers to anyone looking to own their own business. No experience is necessary, which boosts the demand from a whole new audience of buyers.” What does an independent printer need to get ready to sell? For sellers, Chris offers the following advice: “In order to sell, the owner needs to make sure their paperwork is in order. They will need at least three years of financials, employee information, and an asset list that shows all leases and owned equipment. With those items, we can at least begin the process together.” When is it a good time to sell a printing business? Selling a business at the right time is always important but sellers shouldn’t wait until it’s too late either. Chris states, “One thing I always try to stress is that you do not want to be selling your printing business when you absolutely have to. Instead, the best time to sell is when your sales are up, the company is doing well, and you are thinking about selling in the next few years. It is never too soon to reach out and see how we can help. It is important to keep running your business and continue to build it even while you are thinking of selling. Also, by having your financials in order and running them properly, that will only help you get a higher sale price for your business.” How does Minuteman Press help evaluate and value a print business? One of the benefits of the Minuteman Press Franchise Conversion Program is that sellers will get a free evaluation of their printing business. Chris explains, “We look at a few factors when evaluating independent printers. Earnings are very important of course, along with the assets in the business. We work with the sellers to make sure they are getting the best value for their business by reviewing their financials with them to make sure they don’t miss any add backs. The P&Ls never show the true picture or value of the printing business, and we get that. We work together with the seller to extract that, and once we have the agreed earnings together, coming up with a sale price is easy.” How long does it take to sell a printing business? Selling any business does take time and it’s not going to be an instant transaction. However, there are things that can be done to move the process along and make sure it goes smoothly. Chris says, “Like any business, selling a print shop takes time. If a seller is willing to assist with the financing for the buyer, it can potentially sell faster than if there is no seller financing. Based on my experience, I can say the most likely time frame is generally six to twelve months, but it’s not guaranteed. It can take less time when there is seller financing included in the campaign.” He adds, “Also, the business has to be priced right. If it is priced right, the business will typically sell within a small percentage of the asking price, which is why it is so important to have the right agreed upon number. Another thing to consider is that the only businesses we work with are from the printing industry, and we at Minuteman Press have been industry leaders for over 45 years. We are experts in the field, and our team will work with sellers in any way we can to help with the sale and transition.” What issues do independent printers run into when selling? Selling a business is not an easy task. If business owners can get assistance from experienced industry professionals, those experts can help the sellers overcome issues they may not have considered on their own. In his experience, Chris says, “One of the primary issues that independent owners run into is having the business correctly valued in order to sell it. Many times, we have sold a print shop after it was already listed with a business broker for well over a year. We only valuate printing, sign, and promotional businesses and we know how to price them right so that they sell for their true value. We are not about just getting the listing, and we only list a company if we feel very confident we can sell it. Once we approve an independent printing business for the Minuteman Press Franchise Conversion Program, we invest time and money into selling the business so it has to be a good fit for us and we need to be a good fit for them.” He adds, “One example that comes to mind is a sale we did for an owner who was thinking of retiring in three years. She actually placed a lower value on her printing business than what it was worth. Together, we went through her P&Ls and also looked at all additional compensation as well as one-off non-recurring expenses. Based on our review and knowledge of the industry, we found the business was more valuable than the owner thought and it ended up selling (at the right price) for more than she expected. She was able to retire and the new owner was able to come in and hit the ground running.” “We look at the Minuteman Press Franchise Conversion Program as a win-win situation that benefits the seller and the buyer, and we are glad to help.” –Chris Jutt, Minuteman Press International Regional Vice President, Pacific Northwest What concerns do independent owners normally have about selling their printing business? One of the biggest concerns that is always top of mind for business owners looking to sell is that they want to make sure these discussions are kept private until the right time. Chris says, “The biggest concern we see from independent printers is confidentiality. They want to make sure that everything will remain confidential so that employees and customers don’t find out prematurely about a possible sale, and we are happy to assure them of this. From day one, confidentiality is extremely important to all of us. The campaigns we run keep the independent printer anonymous until a qualified buyer is found. We have done this before, and we want to make sure the seller is completely comfortable with us when going through the entire process.” Employee retention and customer service are also items that owners have inquired about when selling. Chris explains, “What will happen to the current employees and clients is something we proactively discuss with sellers. We want to make sure there is a smooth transition for all involved. When we have a qualified buyer and convert the company to a Minuteman Press franchise, we are putting people into business that usually do not have a background in the industry. Therefore, the current employees can be a major asset to them.” He adds, “We go into each sale with the intention of retaining the current staff. Employees also know the client base and that helps with transition and customer retention. In most cases, the customers will get the same great quality and service from the staff they have always had, with additional services and pricing discounts they can now tap into because of the conversion into a full-service Minuteman Press franchise.” How is financing obtained for the sale of the business? For buyers, obtaining financing is one of the most vital parts of the process. It also helps sellers when buyers fully understand the importance of financing and how to best secure it. Chris states, “Financing is always a question that is asked early in the stages of research, and rightfully so. There are multiple ways for a buyer to purchase the business including but not limited to bank loans, personal loans, 401k rollovers, and seller financing. Seller financing is extremely common as it gives confidence to the buyer that the seller believes in his or her business.” Chris concludes with this advice for sellers: “Ultimately, there are many eager buyers out there who are looking to own a viable business. If you are looking at selling or retirement in the next couple years, I highly recommend you start the discussions sooner than later and see how we can help you sell your printing business at no cost or broker fees to you.” For more information on the Minuteman Press Franchise Conversion Program, visit https://bit.ly/minutemanpressconversions or call 1-800-645-3006. Learn more about #1 rated Minuteman Press franchise opportunities at https://minutemanpressfranchise.com. Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

January 21, 2021 12:07 PM Eastern Standard Time

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