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Tax Policy Leaders Focus on New Markets Tax Credit

New Markets Tax Credit Coalition

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

December 01, 2022 02:53 PM Eastern Standard Time

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Unbox Real Happiness: Don't Let Counterfeit Goods Ruin Your Holidays

YourUpdateTV

Click to download Top 10 Tips to #shopsmart: https://www.dropbox.com/sh/ei2fv66u1btakb0/AABWxAAqYRCWZObXk0HlwDd0a?dl=0&preview=GIPC_ShopSmart_Top10Tips_2022_1pager.pdf Counterfeit goods are a problem all year long, but demand for gifts, household goods, and even health products means that the holiday season is an especially busy time for crooks. Just how big is this problem? On average, the worldwide trade in counterfeit and pirated goods amounts to over $500 billion each year—and more than 50 percent of consumers believe they may have purchased a fake item when holiday shopping. Moreover, most consumers report purchasing those counterfeit items online. As the holiday shopping season kicks off, the U.S. Chamber of Commerce, U.S. Customs and Border Protection, and Amazon are helping to raise awareness among consumers about the dangers of counterfeit goods and how to avoid falling for scams and instead “unbox real happiness.” As families do their best to save money and create new holiday memories, they continue to shop online in record numbers looking for the best deals. However, with this convenience, consumers must remain vigilant to be sure they receive authentic products. For more information about what you can do you can do to can do to shop smart this holiday season, make sure to visit www.USChamber.com/shopsmart Click to download Top 10 Tips to #shopsmart: https://www.dropbox.com/sh/ei2fv66u1btakb0/AABWxAAqYRCWZObXk0HlwDd0a?dl=0&preview=GIPC_ShopSmart_Top10Tips_2022_1pager.pdf Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

December 01, 2022 10:51 AM Eastern Standard Time

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RKS WINS MAJOR RULING: FRAUDULENT TRANSFER CLAIMS AGAINST BAUSCH HEALTH, BAUSCH + LOMB WILL MOVE FORWARD

Rolnick Kramer Sadighi LLP (RKS)

In an important step in protecting their clients’ interests and preventing Bausch Health Companies (“Bausch Health”) from putting the assets of Bausch + Lomb (“B+L”) beyond the reach of judgment creditors through a corporate spin-off, Rolnick Kramer Sadighi LLP (“RKS”) has secured a vital legal ruling that will allow their clients to pursue fraudulent transfer claims against Bausch Health and B+L in New Jersey state court. United States District Judge Michael A. Shipp granted RKS’s motion to remand their clients’ fraudulent transfer action against Bausch Health and B+L back to state court, holding that Bausch Health and B+L had improperly removed the action to federal court earlier this year. In removing the action, the defendants purported to rely on a 1998 federal law (the Securities Litigation Uniform Standards Act or “SLUSA”), which was designed by Congress to prevent securities fraud strike suits from being filed in state court. Defendants argued that SLUSA barred Plaintiffs’ fraudulent transfer claims. Judge Shipp agreed with RKS that SLUSA does not apply to RKS’s clients’ declaratory judgment action brought pursuant to New Jersey’s fraudulent transfer statute because: (i) the relief RKS seeks on behalf of its clients is a declaration that the spin-off is voidable, such that they may continue to look to B+L’s assets to satisfy their claims against Bausch Health; and (ii) securities fraud is not a factual predicate of the fraudulent transfer claims. RKS’s clients’ fraudulent transfer action will now proceed against Bausch Health and B+L in state court. Following this adverse ruling by the Federal District Court, Bausch Health has designated Bausch + Lomb as an unrestricted subsidiary. About RKS: Rolnick Kramer Sadighi, LLP (RKS) provides strategic litigation solutions for the investment management community. Launched in 2020, RKS is a premier securities litigation boutique dedicated to serving the investment management industry, including hedge funds, mutual funds, private equity, credit, real estate, and structured finance firms. For more information, visit RKS online: https://www.rksllp.com/. Contact Details Arielle Goren +1 212-717-5863 agoren@kivvit.com Company Website https://www.rksllp.com/

November 30, 2022 10:45 AM Eastern Standard Time

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

MBO Partners

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

November 30, 2022 09:00 AM Eastern Standard Time

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Jon Harper Appointed as Chief Client Officer for Assembly Europe

Assembly

Global omnichannel media agency Assembly has elevated Jon Harper to a new role as Chief Client Officer for its European business. The role is the first of its kind for Assembly in the region, signaling the increasing importance of Client Experience & Leadership within the agency. Over the course of Jon’s 6-year tenure with Assembly, he has worked with clients including Lenovo, Ralph Lauren, Tommy Hilfiger, Calvin Klein, and Converse with great success, building strong relationships across the board. With his new appointment, Harper will be leading every step of the client relationship journey in the business for Europe. “Assembly has grown and evolved to become a true global force beyond digital media, leading the agency to win large omnichannel deals and expanding existing client relationships. Through this, we have identified the need to go further to support clients with a broader set of solutions at a high service level in order to promote growth in a constantly evolving media landscape. Our aim is to ensure clients have the best data, tech, and talent in the industry,” said Jon Harper, Chief Client Officer, Assembly Europe. Part of achieving this has been the creation of the Client Experience and Leadership pillar (CEL), led by Harper in Europe and other leaders across Assembly’s business. This ongoing investment focuses on driving new standards of creativity and improving the agency’s viewpoint on clients’ needs. This has included “brand immersion days” and stepping outside of standard client-agency interactions through hosting Q&A sessions all the way through to getting back to the basics by visiting brand stores and speaking to front-of-house staff to truly know the heart of each brand the agency works with. Jon added, “We firmly believe that everyone is a part of client services within the agency. That’s why we’re training everyone to be immersed in our clients’ brands – my goal is for all of our teams to have more dedicated client service time and to roll out our new global CEL toolkit to assist with this.” Assembly Europe’s Managing Director, Kate O’Mahony commented, “We are delighted about Jon’s elevation to Chief Client Officer. His rich experience and willingness to go above and beyond when it comes to getting to know our clients has proven fruitful. With Jon leading this division, we will continue to drive proactive relationships and deliver higher levels of innovation in connecting Assembly with our existing and future clients.” ABOUT ASSEMBLY: Assembly is the modern global omnichannel media agency, bringing data, talent, and technology together to find the change that fuels growth for the best brands on the planet. Our approach connects big, bold brand stories with integrated, global media capabilities that deliver performance and drive large-scale business growth. Our work is powered by our proprietary, in-house technology solution, STAGE, and led by our global talent base of over 1,600 people around the world. We’re purpose-driven at our core and pioneers in social and environmental impact in the agency world. Assembly is a proud member of Stagwell, the challenger network built to transform marketing. Contact Details Assembly Gunilla Huddleston, VP of Marketing, Europe gunilla.huddleston@assemblyglobal.com Company Website https://www.assemblyglobal.com/

November 29, 2022 01:00 PM Eastern Standard Time

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

Velocity Global

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

November 29, 2022 11:00 AM Mountain Standard Time

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NetReputation Highlights Ways for Businesses To Improve Online Reputations and Attract Investors

NetReputation.com

As a top online reputation management firm, NetReputation is uniquely positioned to offer professional insight into the correlation between image and investment. Publicity is essential to knowing anything, and the proper promotion or metaphorical packaging can and does attract necessary financial backers for startups or existing enterprises. The problem with online forums, platforms, and the 24/7/365 pulse of the internet is an apparent lack of control. How do you manage your company's image and recruit investors when it seems like the digital landscape is so unforgiving? NetReputation Addresses 7 Essentials of Online Reputation Management True, the internet is full of the folklore of childhood nightmares, including trolls, who attack you or your company for no good reason, and gnomes, individuals who hoard past grievances like treasures, only to display and polish each as new when you or your company find a favorable light. While you cannot avoid critics or all negativity, you can manage the fallout by establishing a healthy and positive brand. Effective reputation management is about curating an image. Some criticize public relations work as manufacturing a facade when it is actually about highlighting an existing personality, voice, or identity. As NetReputation can attest, online reputation management is about taking an existing person or organization and ensuring the digital image is an accurate representation. At least seven elements factor into the creation of an ORM effort. 1. Creating Accurate Business Profiles Many business leaders underestimate the significance of business profiles. For many local companies, Google profiles or other directory listings are the primary way new customers discover them. Inaccuracies in listings, like an incorrect address or phone number, can create challenges for customers and lead to potential negative reviews. Always take the time to review local listings of your business or service. If there are mistakes, fix them. Also, prioritize creating business profiles so you can avoid simple errors. Managing your business profiles means preventing the presence of outdated or irrelevant information. 2. Monitoring Online Presence Besides reviewing business profiles regularly, you must also pay attention to the business's online presence. Understand that you and others in your company are not the only ones writing about the brand. Consumers will also post to social media and other forums to discuss experiences, products, and customer service interactions. The NetReputation team monitors brand and business keywords to stay on top of reviews, criticisms, and discussions. By staying informed of various conversations, companies have the opportunity to address client complaints and issues, showing a willingness to remain open-minded and understanding. 3. Guest Posting Guest posting can improve visibility and authority in the marketplace. By acquiring guest posting positions, a company not only has a chance to share its wisdom and experience but also gains exposure to a potential client pool. When a business focuses on sharing information rather than promoting goods and services, it is easier for customers to see it in a favorable light. Advertisements flood every monitor, so seeing a company offer advice without the promise of a sale or investment can paint it in a positive light. 4. Improving Social Media Visibility Social media is unstable and uneasy to navigate. Many small businesses avoid social platforms because of brands that effectively burn themselves to the ground making a point that's often taken out of context. NetReputation understands the reservations of most business owners, but social media users represent a significant number of consumers. When companies can toe the line between sharing posts and opinions without alienating the market, they can find lucrative paths to building strong and healthy consumer relationships. 5. Remember Your Offline Reputation Reputation management is about more than negotiating or navigating online channels. A significant aspect of online reputation stems from offline behavior. A company with poor customer relation skills in physical locations will likely experience a fair bit of feedback on digital platforms. Once the online rumor mill starts, it is nearly impossible to stop it. Therefore, NetReputation explains your offline reputation is just as important as your online one. 6. Develop Thought Leadership Skills Have you heard of thought leadership? A thought leader is someone who doesn't regurgitate the same professional insights as leaders past. They are someone who is not afraid to voice their opinions and insights, even if they might be wrong. Thought leaders exude confidence, which can encourage investment. However, do not allow ego to overshadow true business sense. A real thought leader knows how to ask for help and share the burden of success. 7. Embrace Honesty and Transparency Honesty and transparency are vital to succeeding with today's consumers and in the modern marketplace. Every business and individual makes mistakes. You do not create a positive reputation by ignoring past mistakes but by embracing them and showing real and valuable change. ORM Firms Improve Visibility With Targeted Focus NetReputation, a leading ORM firm, cannot erase your or your business' history. Still, it can help you manage online reputations moving forward, improving visibility with a targeted focus on positive attributes. With work and commitment, the firm can increase interest from investment partners by establishing you and your brand as authorities in the industry. NetReputation.com is an industry-leading online reputation management solutions provider focused on helping businesses and individuals repair, improve, and maintain positive brands on the web. Headquartered in Sarasota, Florida, NetReputation.com utilizes the latest in digital processes and technology to restore online reputations and empower long-term success online. NetReputation was established by online services innovator Adam Petrilli in 2015. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details NetReputation.com Caroline Hunter Caroline@netreputation.com Company Website https://www.netreputation.com/

November 29, 2022 08:00 AM Eastern Standard Time

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Ready for Ron Petition Surpasses 100,000 Signatures

Ready for Ron

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

November 28, 2022 09:30 AM Eastern Standard Time

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

Volatus Aerospace Corp.

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

November 28, 2022 06:30 AM Eastern Standard Time

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