Mes: agosto 2020

Los secretos de una familia disfuncional revelados en Tele N

West Palm Beach, Florida, 11 de agosto, 2020  /PRNewswire-HISPANIC PR WIRE/ — Tele N, el canal de televisión que cuenta con la mejor selección de películas de la época de oro del cine mexicano, además de las series y telenovelas más populares provenientes de todas partes del mundo, estrena el drama La Chica Griega, una serie de televisión producida en Ucrania para atraer un gran número de seguidores debido a que los principales personajes de la historia tienden a comportarse de variadas formas siguiendo…

West Palm Beach, Florida, 11 de agosto, 2020  /PRNewswire-HISPANIC PR WIRE/ — Tele N, el canal de televisión que cuenta con la mejor selección de películas de la época de oro del cine mexicano, además de las series y telenovelas más populares provenientes de todas partes del mundo, estrena el drama La Chica Griega, una serie de televisión producida en Ucrania para atraer un gran número de seguidores debido a que los principales personajes de la historia tienden a comportarse de variadas formas siguiendo actitudes cotidianas con sus fortalezas y debilidades.

El personaje principal, Tanya, trabaja en un museo de provincia como especialista en arte de la Grecia antigua. Gracias a su pasión profesional conoce e inmediatamente contrae matrimonio con un atractivo y adinerado comerciante de arte llamado Gregory, pero la situación se complica al terminar la luna de miel, cuando se percata que el compromiso conlleva el manejo de otras relaciones pertenecientes al círculo familiar de su esposo: una madre dominante, una hermana sin carácter y una amante intrigante.

El personaje masculino principal, Gregory, ha sido dependiente y acostumbrado a los lujos de su familia desde la niñez hasta la vida adulta. El joven creció sin la referencia de la figura paterna, bajo el dominio de su madre Sophia, quien siempre fue considerada una mujer ambiciosa y en busca del poder. Ella disfrutó de un lujoso estilo de vida y les dio a sus hijos todo lo que necesitaban – dinero e incluso tiendas de antigüedades. Gregorio y su hermana crecieron muy malcriados. 

Sophia, como la madre de Gregory, hará todo lo que este en su alcance para destruir a Tanya, la esposa de su hijo. Sophia no es capaz de mantener una actitud positiva frente a nada. Puede ser descrita como impertinente y fría, incluso llega a ser muy reservada y no les permite a sus hijos expresar sus sentimientos. Nadie en el ambiente familiar es capaz de reconocer la tensión que crea vivir en un ambiente de relaciones toxicas en donde entre ellos no saben reconocer cuando uno es menos amable que el otro.

Tele N forma parte de los canales de Olympusat, Inc., y se encuentra actualmente disponible en la mayoría de los principales proveedores de televisión por cable.

 Para más información sobre el contenido de Tele N, incluyendo las fechas y horarios de su programación visite o www.olympusat.com/networks/tele-n/ 

Olympusat – Contacto de Prensa:
Jesus Piñango
Director Senior de Noticias
jesus@olympusat.com  

 

FUENTE Tele N

Protalix BioTherapeutics and Chiesi Global Rare Diseases Announce U.S. Food and Drug Administration Acceptance of Biologics License Application (BLA) for Pegunigalsidase Alfa for the Proposed Treatment of Fabry Disease and Grants Priority Review

CARMIEL, Israel, Aug. 11, 2020 /PRNewswire/ — Protalix BioTherapeutics, Inc. (NYSE American: PLX) (TASE: PLX), a biopharmaceutical company focused on the development, production and commercialization of recombinant therapeutic proteins produced by its proprietary ProCellEx® plant cell-based protein expression system, or the Company, together with its development and commercialization partner Chiesi Global Rare Diseases, a unit of Chiesi, an international research-focused healthcare group,…

CARMIEL, Israel, Aug. 11, 2020 /PRNewswire/ — Protalix BioTherapeutics, Inc. (NYSE American: PLX) (TASE: PLX), a biopharmaceutical company focused on the development, production and commercialization of recombinant therapeutic proteins produced by its proprietary ProCellEx® plant cell-based protein expression system, or the Company, together with its development and commercialization partner Chiesi Global Rare Diseases, a unit of Chiesi, an international research-focused healthcare group, today announced that the U.S. Food and Drug Administration (FDA) has accepted the Biologics License Application (BLA) and granted Priority Review designation for pegunigalsidase alfa for the proposed treatment of adult patients with Fabry disease. The BLA was submitted via the FDA’s Accelerated Approval pathway. Pegunigalsidase alfa is the Company’s purposefully designed, long-acting recombinant, PEGylated, cross-linked α-galactosidase-A investigational product candidate. The FDA set an action date of January 27, 2021, under the Prescription Drug User Fee Act (PDUFA). The FDA also indicated in the BLA filing communication letter that it is not currently planning to hold an advisory committee meeting to discuss the application.

Priority Review is granted to therapies that the FDA determines have the potential to provide significant improvements in the treatment, diagnosis or prevention of serious conditions. This designation shortens the FDA review period following the acceptance of the BLA to six months compared to 10 months under standard review. Pegunigalsidase alfa was granted Fast Track designation by the FDA in January 2018.

The BLA submission includes a comprehensive set of preclinical, clinical and manufacturing data compiled from the Company’s completed Phase I/II clinical trial of pegunigalsidase alfa, including the related extension study succeeding the Phase I/II clinical trial, interim clinical data from the Phase III BRIDGE switch-over study and safety data from the Company’s on-going clinical studies of PRX–102 in patients receiving 1 mg/kg every other week.

«The FDA’s acceptance of the BLA and grant of priority review for PRX-102 are significant achievements for Protalix and Chiesi, and represent a crucial step forward as we look to establish a new treatment option to the Fabry patient community,» said Dror Bashan, Protalix’s President and Chief Executive Officer. «Based on the encouraging results for PRX-102 we have seen to date, we are eager to continue discussions with the FDA and to continue our other development efforts for PRX-102, as marketing approval of PRX-102 is our top priority.»

«PRX-102 represents an important advance in research with the potential to deliver significant advantages to patients with Fabry disease,» said Giacomo Chiesi, Head of Global Rare Diseases. «We are very encouraged by the strong interest in this therapy among both patients and clinicians and we look forward to the prospect of making it available to patients around the world who can benefit from treatment.»

About Fabry Disease

Fabry disease is an X-linked inherited disease that results from deficient activity of the lysosomal α–Galactosidase–A enzyme resulting in progressive accumulation of abnormal deposits of a fatty substance called globotriaosylceramide (Gb3) in blood vessel walls throughout a person’s body. Fabry disease occurs in one person per 40,000 to 60,000. Fabry patients inherit a deficiency of the α–Galactosidase–A enzyme, which is normally responsible for the breakdown of Gb3. The abnormal storage of Gb3 increases with time and, accordingly, Gb3 accumulates, primarily in the blood and in the blood vessel walls. The ultimate consequences of Gb3 deposition range from episodes of pain and impaired peripheral sensation to end-organ failure – particularly of the kidneys, but also of the heart and the cerebrovascular system.

About Pegunigalsidase Alfa

Pegunigalsidase alfa (PRX–102) is an investigational, plant cell culture-expressed, and chemically modified stabilized version of the recombinant α-Galactosidase-A enzyme. Protein sub-units are covalently bound via chemical cross-linking using short PEG moieties, resulting in a molecule with unique pharmacokinetic parameters. In clinical studies, PRX–102 has been observed to have a circulatory half-life of approximately 80 hours. The Company designed PRX–102 to potentially address the continued unmet clinical need in Fabry patients.

About Chiesi Global Rare Diseases

Chiesi Global Rare Diseases is a business unit of the Chiesi Group established in February 2020 and focused on research and development of treatments for rare and ultra-rare disorders. The Global Rare Diseases unit works in collaboration with Chiesi Group to harness the full resources and capabilities of our global network to bring innovative new treatment options to people living with rare diseases, many of whom have limited or no treatments available. The unit is also a dedicated partner with global leaders in patient advocacy, research and patient care. For more information visit www.chiesiglobalrarediseases.com.

About Chiesi Group

Based in Parma, Italy, Chiesi Farmaceutici is an international research-focused healthcare group with 85 years of experience in the pharmaceutical industry and a global presence in 29 countries. Chiesi researches, develops, and markets innovative drugs in the respiratory therapeutics, specialist medicine, and rare disease areas. Its R&D organization is headquartered in Parma (Italy), and is integrated with R&D groups in France, the USA, the UK, and Sweden to advance Chiesi’s pre-clinical, clinical, and registration programs. Chiesi employs nearly 6,000 people. Chiesi Group is a certified Benefit Corporation. For more information www.chiesi.com.

About Protalix BioTherapeutics, Inc.

Protalix is a biopharmaceutical company focused on the development and commercialization of recombinant therapeutic proteins expressed through its proprietary plant cell-based expression system, ProCellEx®. Protalix was the first company to gain U.S. Food and Drug Administration (FDA) approval of a protein produced through plant cell-based in suspension expression system. Protalix’s unique expression system represents a new method for developing recombinant proteins in an industrial-scale manner.

Protalix’s first product manufactured by ProCellEx, taliglucerase alfa, was approved for marketing by the FDA in May 2012 and, subsequently, by the regulatory authorities of other countries. Protalix has licensed to Pfizer Inc. the worldwide development and commercialization rights for taliglucerase alfa, excluding Brazil, where Protalix retains full rights.

Protalix’s development pipeline consists of proprietary versions of recombinant therapeutic proteins that target established pharmaceutical markets, including the following product candidates: pegunigalsidase alfa, a modified version of the recombinant human α–Galactosidase–A protein for the proposed treatment of Fabry disease; OPRX–106, an orally-delivered anti-inflammatory treatment; alidornase alfa for the treatment of Cystic Fibrosis; PRX–115, a plant cell-expressed recombinant PEGylated Uricase for the treatment of gout; and others. Protalix has partnered with Chiesi Farmaceutici S.p.A., both in the United States and outside the United States, for the development and commercialization of pegunigalsidase alfa.

Forward-Looking Statements

To the extent that statements in this press release are not strictly historical, all such statements are forward-looking, and are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. The terms «expect,» «anticipate,» «believe,» «estimate,» «project,» «plan,» «should» and «intend,» and other words or phrases of similar import are intended to identify forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes. Drug discovery and development involve a high degree of risk and the final results of a clinical trial may be different than the preliminary findings for the clinical trial. Factors that might cause material differences include, among others: that the FDA might not grant marketing approval for PRX–102 by the PDUFA date or at all and, if approved, whether PRX–102 will may have significant limitations on its use or be commercially successful; failure or delay in the commencement or completion of our preclinical and clinical trials which may be caused by several factors, including: risks that the FDA will request additional data or other conditions of our submission of any application for Accelerated Approval of PRX–102; slower than expected rates of patient recruitment; unforeseen safety issues; determination of dosing issues; lack of effectiveness during clinical trials; inability to monitor patients adequately during or after treatment; and inability or unwillingness of medical investigators and institutional review boards to follow our clinical protocols; risks associated with the novel coronavirus disease (COVID–19) outbreak, which may adversely impact our business, preclinical studies and clinical trials; the risk that the results of the clinical trials of our product candidates will not support our claims of safety or efficacy, that our product candidates will not have the desired effects or will be associated with undesirable side effects or other unexpected characteristics; risks related to our ability to maintain and manage our relationship with Chiesi Farmaceutici and any other collaborator, distributor or partner; risks related to the amount of our future revenues and expenditures; the risk that despite the FDA’s grant of Fast Track designation for PRX-102, we may not experience a faster development process, review or approval compared to applications considered for approval under conventional FDA procedures; risks related to the FDA’s ability to withdraw the Fast Track designation at any time; our dependence on performance by third party providers of services and supplies, including without limitation, clinical trial services; delays in the approval or potential rejection of any applications we file with the FDA or other health regulatory authorities, and other risks relating to the review process; the inherent risks and uncertainties in developing drug platforms and products of the type we are developing; the impact of development of competing therapies and/or technologies by other companies and institutions; potential product liability risks, and risks of securing adequate levels of product liability and other necessary insurance coverage; and other factors described in our filings with the U.S. Securities and Exchange Commission. The statements in this press release are valid only as of the date hereof and we disclaim any obligation to update this information, except as may be required by law.

Investor Contact:
Chuck Padala, Managing Director
LifeSci Advisors
+1-646-627-8390
chuck@lifesciadvisors.com

Media Contact:
Brian Pinkston
LaVoieHealthScience
+1-857-588-3347
bpinkston@lavoiehealthscience.com

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SOURCE Protalix BioTherapeutics, Inc.

Eyemart Express Shares Budget-Friendly Back to School Eye Health Checklist

DALLAS, Aug. 11, 2020 /PRNewswire/ — Whether children are distance learning or going back to school this fall, their eyes should be an essential part of preparing for the new school year. Children who have trouble seeing will often have trouble with their school work, according to Think About Your Eyes, a vision education campaign presented by The Vision Council and the American Optometric Association. National optical retailer Eyemart Express is helping families set kids up for a successful school…

DALLAS, Aug. 11, 2020 /PRNewswire/ — Whether children are distance learning or going back to school this fall, their eyes should be an essential part of preparing for the new school year. Children who have trouble seeing will often have trouble with their school work, according to Think About Your Eyes, a vision education campaign presented by The Vision Council and the American Optometric Association. National optical retailer Eyemart Express is helping families set kids up for a successful school year with a budget-friendly eye health checklist.   

«The ability to see clearly is crucial for learning whether it takes place in a traditional classroom or at home. We are focused on simplifying eye health for families as they navigate all the challenges that the start of school brings this year,» said Paula Puleo Blomquist, Chief Customer Officer at Eyemart Express. «We have curated an on-trend and affordable assortment of frames to give kids confidence in their new glasses and allow them to focus on learning.»

Here is a checklist to ensure your kids have healthy eyes for the new school year:

  • Include eye exams in your annual checkups. August is National Children’s Eye Health and Safety Month, which is the perfect reminder to get eyes checked before the new school year. Kids who hold papers and screens close to their eyes, lose an interest in learning, exhibit general clumsiness, or complain about headaches may have a vision problem, according to Think About Your Eyes. An annual eye exam can help ensure proper eyesight for engaged learning.
  • Consider your child’s needs for the year. While glasses can help kids see clearly in the classroom, blue filtering lenses are helpful for kids who are distance learning or have increased exposure to screens this school year. Kids who are participating in sports this year can benefit from athletic safety glasses by Shaquille O’Neal to protect their eyes.
  • Get kids excited about their glasses. With more than 2,000 frames in every Eyemart Express store, even the pickiest of children can find a pair of glasses that they love. Popular new collections for young children include Disney, My Little Pony, Nerf, and Jonas Paul. Chic frames in fun colors and materials by GEEK, Champion, and Runaway Tween are popular with older children. 
  • Take advantage of deals. The right glasses don’t have to cost hundreds of dollars. Through Sept. 12, parents can save with the Eyemart Express back-to-school offer of two pairs of kids’ glasses with durable polycarbonate lenses for only $79. These lenses are impact resistant and lightweight, so kids will be comfortable wearing them every day. Kids who are distance learning can get a free upgrade to blue filtering lenses as well.
  • Cover your bases. Kids can be hard on their glasses and accidents happen. That’s why all glasses from Eyemart Express include a complimentary one-year frame warranty, covering breakages and adjustments.
  • Help others with your purchase. Feel good about your purchase and keep your kids stylish with Jonas Paul petite frames. A portion of each sale from the collection is donated to help prevent childhood blindness. On top of glasses, Jonas Paul also works to provide eye health needs for underprivileged communities such as Vitamin A, access to proper hygiene, and antibiotics to fight trachoma. The disease is the leading cause of blindness in the world.
  • Celebrate clear vision! Kids who get glasses for the first time this school year can celebrate their clear vision by participating in the Eyemart Express #MyFirstGlasses challenge. Post a picture sporting new specs on Instagram and use #MyFirstGlasses in the caption to be featured on the Eyemart Express account.

Get your kids ready for the new school year with glasses at a local Eyemart Express store or shop online at https://www.eyemartexpress.com/lander/back-to-school.

About Eyemart Express
Eyemart Express, a leading national optical retailer and the fastest provider of quality prescription eyewear in the industry, celebrates 30 years of serving customers with affordable and same-day eyewear. With 222 stores in 41 states, Eyemart Express ranks among the Top 10 optical retailers in the country with its family of brands: Vision4Less, Visionmart Express, and Eyewear Express. The company operates under its motto of Right Glasses. Right Price. Right Now: a unique mix of value, style and timely service. Each store carries more than 2,000 frames from brands such as Michael Kors, Longchamp, Columbia, Disney, and Nike. On-site labs allow 90 percent of glasses to be delivered on the same day. Learn more about Eyemart Express at EyemartExpress.com.

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SOURCE Eyemart Express

Air Canada Unveils Details of Transformed Aeroplan Program, Offering More Value and New Benefits

  •  Loyalty program will relaunch November 8, 2020
  • Smooth transition for all members by maintaining their existing Aeroplan numbers, with all Aeroplan Miles automatically honoured on a one-to-one basis
  • Every seat for sale on every Air Canada flight will be available for flight rewards with Aeroplan points and no cash surcharges
  • The first loyalty program in Canada purpose-built for families, with points and benefits sharing…

  •  Loyalty program will relaunch November 8, 2020
  • Smooth transition for all members by maintaining their existing Aeroplan numbers, with all Aeroplan Miles automatically honoured on a one-to-one basis
  • Every seat for sale on every Air Canada flight will be available for flight rewards with Aeroplan points and no cash surcharges
  • The first loyalty program in Canada purpose-built for families, with points and benefits sharing
  • Other new features include predictable pricing, all-new Aeroplan credit card benefits, additional partners, and redemption for travel extras such as upgrades

MONTREAL, Aug. 11, 2020 /PRNewswire/ – Air Canada today revealed the details of its transformed Aeroplan loyalty program, outlining the program attributes and credit card benefits members can enjoy when the new program launches November 8, 2020. The new Aeroplan program offers customers more personalized, flexible and easier-to-use features, delivering a truly rewarding loyalty experience. Additionally, the program is poised to provide better value for Aeroplan credit card holders redeeming flights on Air Canada than the value provided by major Canadian bank travel programs.

«Air Canada promised an outstanding new Aeroplan that would be among the best travel loyalty programs in the world, and we are fulfilling that promise,» said Calin Rovinescu, President and Chief Executive of Air Canada. «The new Aeroplan program, which has been extremely well thought through, has been eagerly anticipated as a key driver of our ongoing transformation, this is more important than ever as airlines compete to earn and retain customer loyalty in a rapidly changing environment.»

«Since we announced our commitment to improve Aeroplan, we’ve been listening to feedback from more than 36,000 consumers; we’ve benchmarked against loyalty and frequent flyer programs from around the globe, and we’ve completely rebuilt our digital infrastructure,» said Mark Nasr, Vice President, Loyalty and eCommerce at Air Canada. «The result is a truly responsive and flexible loyalty program delivering a more rewarding experience so that members can travel more and travel better.»

Beginning November 8, 2020, current Aeroplan accounts will seamlessly transition to the transformed program, including existing Aeroplan membership numbers. Aeroplan miles will be known as «Aeroplan points,» and existing balances of miles will be honoured on a one-to-one basis. Also, all Aeroplan credit cards will continue to earn Aeroplan points.

With the launch, members will enjoy an exciting range of new benefits, including new features on Aeroplan credit cards, many never offered before in Canada. Full details can be found at www.aircanada.com/aeroplan. Here are some important highlights to discover:

Improved Value on Flight Rewards

It’s always a great time to use your points, and Aeroplan offers flight rewards to hundreds of destinations worldwide on Air Canada and its partner airlines.  The transformed Aeroplan will offer Members an integrated experience with the ability to search and redeem for flight rewards at aircanada.com or on the Air Canada app.  Other improvements include:

    • Every seat, every Air Canada flight, no restrictions – Members can redeem Aeroplan points to purchase any Air Canada seat that is available for sale – no restrictions.
    • No cash surcharges on Air Canada flights – Additional airline surcharges, including fuel surcharges, on all flight rewards with Air Canada will be eliminated. Members will pay cash only for taxes and third-party fees (and can even pay for those with Aeroplan points).
    • Predictable pricing –Points needed for Aeroplan flight rewards on Air Canada will be based on actual prices in the market. Plan trips easily and confidently with the Points Predictor Tool, which provides an estimated range in Aeroplan points that members will need for their flight rewards. This tool also shows the fixed amount of points members will need for flight rewards with airline partners.
    • Unparalleled global reach – As North America’s most globally connected loyalty program, Aeroplan offers the ability to earn or redeem points on over 35 airlines. This global network comprises among the very best airlines for quality and service in their respective regions, and enables members to redeem for flights to over 1,300 destinations. Recent partner additions include Etihad Airways and Azul.
    • Points + Cash – Members will have the flexibility to save their Aeroplan points, and pay for a portion of their flight reward in cash.

More Options for More Members

Aeroplan has something for everyone and will make travel even better with new features such as:

    • Aeroplan Family Sharing – Members will be able to combine Aeroplan points with others in their household, for free, so they can redeem for travel sooner.
    • Earn points whenever you fly – Earn Aeroplan points with every Air Canada flight booked in cash on our website or app, now including Economy Basic fares.
    • Upgrade your flight – Members can redeem their Aeroplan points to upgrade to Air Canada Premium Economy or Business Class, whenever those cabins are offered and seats are available. With our innovative bidding feature, members can name their own price to bid for upgrades.
    • Extra perks within reach – Members will be able to use their Aeroplan points for popular extras, such as in-flight Wi-Fi or the ability to relax in Air Canada’s Maple Leaf Lounge.
    • Better travel rewards – Members can continue to redeem points for their whole trip, including car rentals, hotel stays and vacations packages.
    • Expanded merchandise rewards – Members will enjoy a wider range of reward options including electronics, housewares, and much more. Additionally, gift cards will be delivered digitally, and available faster than ever before.

Upgraded Aeroplan Elite Status

The transformed Aeroplan will continue to offer six membership levels – entry-level Aeroplan Debut, along with five Elite Status levels: Aeroplan 25K, 35K, 50K, 75K, and Super Elite. All the most popular Elite Status benefits remain, along with some exciting improvements beginning in 2021, including:

    • Priority Rewards – Elite Status Members can earn Priority Rewards vouchers entitling them to 50% off the price in points (excluding taxes, third-party fees, and where applicable, a partner booking fee) on eligible flight rewards with Air Canada and its airline partners. Members with Aeroplan 35K Status or higher will automatically receive Priority Rewards when the program launches in November.
    • Status Pass – Eligible Elite Status Members can share their benefits, such as priority boarding and lounge access, with friends and family members, even if they are not travelling together.
    • Everyday Status Qualification – The Aeroplan points that members earn every day from eligible retail, travel, and Aeroplan credit card partners will help members reach Aeroplan Elite Status.

All-New Aeroplan Credit Cards

The totally redesigned Aeroplan co-branded credit cards are the only ones in Canada that offer extensive Air Canada travel perks. Members who hold eligible credit cards issued from our card partners TD, CIBC and American Express will earn rewards more quickly and access unique new benefits:

    • Entry-level credit cards offer preferred pricing on flight rewards, meaning primary cardholders can often redeem flights for fewer points. Also, when these members shop at popular categories, they’ll earn bonus points. Members earn even more when they spend directly with Air Canada (through the app, at aircanada.com or vacations.aircanada.com) and pay with their Aeroplan credit card.
    • Main-level credit cards offer the above benefits, plus these cardholders will enjoy a free first checked bag when traveling on Air Canada flights – regardless of whether the ticket was redeemed with points or purchased with cash. Additionally, up to eight companions traveling on the same reservation can also receive a free first checked bag.
    • Premium-level credit cards offer the above benefits, plus exciting new airport perks including Maple Leaf Lounge and Air Canada Café access, priority boarding, and priority check-in.
    • Eligible secondary cardholders will now enjoy a free first checked bag, lounge access, and priority airport benefits when traveling on their own – an industry first.
    • These credit cards were designed with Aeroplan Elite Status in mind. Spending on the main and premium-level credit cards can help members reach and maintain status more easily. Plus, top-level cardholders can tap into new benefits like rollover eUpgrade Credits and priority upgrade clearance at the airport.

For a list of Air Canada travel benefits for Aeroplan credit card holders, please visit: aircanada.com/cards. 

For more information on the new features, or to enroll in the program, visit: www.aircanada.com/aeroplan.  

This communication is provided for information purposes only and does not constitute a change to Aeroplan’s Terms and Conditions. Updated terms and conditions reflecting the proposed changes to the Aeroplan program will be provided at a later date. Note that the number of destinations available to Aeroplan members is based on the published 2019 route network of Air Canada and its airline partners. Due to travel restrictions, government recommendations and passenger demand resulting from the impact of COVID-19, available destinations may vary.

About Air Canada

Air Canada is Canada’s largest domestic and international airline. Canada’s flag carrier is among the 20 largest airlines in the world and in 2019 served over 51 million customers. Air Canada is a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax, which also named Air Canada the 2019 Best Airline in North America. For more information, please visit: aircanada.com/media, follow Air Canada on Twitter and LinkedIn, and join Air Canada on Facebook.                   

Internet: aircanada.com/media

Sign up for Air Canada news: aircanada.com

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SOURCE Air Canada

CBD Online Retailer Serenity Store Sees CBD Sales Soar as More People Seek Support During the Pandemic

BOULDER, Colo., Aug. 11, 2020 /PRNewswire/ — Sales of CBD products have been soaring in the United States during the coronavirus pandemic as more people than ever are buying the popular oils, salves, and edibles, according to leading CBD retailer Serenity Store.

Since the start of the global health emergency in the early part of the year, sales of CBD products at

BOULDER, Colo., Aug. 11, 2020 /PRNewswire/ — Sales of CBD products have been soaring in the United States during the coronavirus pandemic as more people than ever are buying the popular oils, salves, and edibles, according to leading CBD retailer Serenity Store.

Since the start of the global health emergency in the early part of the year, sales of CBD products at Serenity Store have been steadily increasing and are now at record levels amid a still-uncertain situation that is leaving many people stressed and anxious about their health and jobs, the online retailer said.

CBD, which stands for cannabidiol, is extracted from the hemp or cannabis plant but does not give you the high that comes from using marijuana. Interest in CBD has exploded in recent years, and due to the 2018 Farm Bill, hemp production is now legal in the United States. The landmark legislation has made hemp more accessible and affordable than ever, and the nation has responded with enthusiasm for the CBD industry, said Serenity Store.

Established out of Boulder, Colorado, in early 2020, Serenity Store is an online retailer of the top CBD products currently in the market. It carries a wide range of products, from traditional tinctures to CBD-infused gummies.

Colorado is not only a pioneer in the hemp industry but also a place that is home to numerous hemp farms, and, since the legalization of hemp production, it has become a leader in the field of CBD. Promoting a variety of CBD brands with an emphasis on Colorado-owned businesses, Serenity Store curates an assortment of the finest CBD products available that are compatible with all kinds of lifestyles. All CBD products sold through Serenity Store have less than 0.3% THC—the mind-altering ingredient in marijuana—and will not cause a psychoactive effect, the company says.

One of Serenity Store’s top brands is Bluebird Botanicals, a Colorado company with a reputation for being one of the best in the business. Family-owned and -operated, Bluebird Botanicals has made it their mission to bring people the best-quality CBD—from the farm to the bottle, as it says. Bluebird Botanicals is vegan and cruelty-free, and is known for its collection of CBD oils and capsules.

Serenity Store’s two favorite questions are, «How can we serve the customer better, and how can we serve them faster?» The answer is reflected in its shipping policy, which includes free standard shipping on all orders. Orders placed before 4pm MST are shipped same-day via USPS, and the online store refunds unopened products within 14 days of delivery.

According to Serenity Store CEO Bruce Gibson, «CBD is a fascinating and rapidly growing market.» Gibson is pleased to make the company’s extensive product range available to Americans during a period of extreme worry and anxiety.

«We are ready to serve our rapidly growing customer base with unrivaled customer service and top-quality products during this time of crisis and long after it’s over,» he said.

For more information, please contact:
Bruce Gibson
CEO
Serenity Store
hello@serenitystore.com

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SOURCE Serenity Store

Pesticide Use Warnings: The Risks of Pesticide Uses in Homes and on Lawns

NEW HAVEN, Conn., Aug. 11, 2020 /PRNewswire/ — Environment and Human Health, Inc. (EHHI) is an organization of physicians and public health professionals.  EHHI is releasing its pesticide brochure explaining the dangers of pesticide uses, both inside and outside the home. 

Most pesticides are inherently toxic, which is why the federal government regulates them. However, just because they are regulated does not guarantee that they are safe. Pesticides are tested for safety one pesticide at…

NEW HAVEN, Conn., Aug. 11, 2020 /PRNewswire/ — Environment and Human Health, Inc. (EHHI) is an organization of physicians and public health professionals.  EHHI is releasing its pesticide brochure explaining the dangers of pesticide uses, both inside and outside the home. 

Most pesticides are inherently toxic, which is why the federal government regulates them. However, just because they are regulated does not guarantee that they are safe. Pesticides are tested for safety one pesticide at a time, yet they are often sold in combinations.

Many pesticides, even though they are government-approved, are carcinogenic, neurotoxic, developmental toxins and endocrine disruptors. The federal government does not have the funding to do all its own pesticide testing, so the government relies on the pesticide industry to test its own pesticide for its safety. This fact remains a problem.

John Wargo, Ph.D., Professor of Environmental Health and Politics at Yale University’s School of the Environment said, «Pesticides pose a special threat to the youngest in our population. It is now well-established that pesticide residues easily cross the placenta and expose developing human embryos and fetuses. Pesticides also cross the blood-brain barrier, giving additional evidence that pesticides circulate throughout human tissues.»

Children take in more pesticides relative to their body weight than adults. In addition, their developing organs are more vulnerable to pesticide toxicity. Women who are pregnant should be particularly careful about any pesticide exposure.

Hugh Taylor, M.D., Chair of Yale’s Department of Gynecology and Obstetrics, Yale University School of Medicine, said, «Pregnant women should avoid using pesticides as pesticides have birth and reproductive health effects. Using organic methods will better protect your children, born and unborn, as well as your pets.»

Higher pesticide exposure levels happen indoors where the pesticides are often more concentrated. The risk of developing blood cancers such as leukemia and lymphoma increases significantly in children exposed to pesticides indoors, which a recent meta-analysis has shown. A correlation between pesticide exposure and childhood brain tumors has also been observed.

David Brown, Sc.D., Public Health toxicologist, said, «People are routinely exposed to pesticide mixtures every day in the foods and water they consume simply by eating a normal diet. Adding direct pesticide exposures on lawns and in homes increases the risks that pesticide exposures pose.»

Because of these risks, EHHI recommends using organic pest control methods first, and only when those methods fail should pesticides be applied, and then in a way that protects both children and pets.

Pesticide labeling also remains a problem. Labels are only required to address acute toxicity, such as what to do if you swallow the pesticide or get the pesticide in your eyes. The labels’ scant warnings are in tiny print, while the benefits of the pesticide are in large type. As well, the labels do not warn about the long-term health effects, such as cancer or neurotoxicity – this, too, is a serious problem.

Nancy Alderman, MES, President of EHHI said, «EPA should require that labels on pesticide packaging be both in English and Spanish. Many pesticide applicators and users of pesticides are Spanish-speaking, and it is critically important that they be able to read clearly the instructions and health warnings on the packaging.»

Professor Wargo concluded by saying, «The United States has been far too lenient on which pesticides are allowed and where they are allowed in the United States. Many pesticides are banned in the European Union, Brazil and China, yet are still allowed in the United States.

The new pesticide brochure can be found at: https://www.ehhi.org/pesticides.php

Environment and Human Health, Inc. (EHHI) is a non-profit organization dedicated to protecting human health from environmental Harms.

Contact Information

Nancy Alderman
President
Environment and Human Health, Inc.
203-248-6582
nancy.alderman@ehhi.org

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SOURCE Environment and Human Health, Inc.

SonicWall’s Simplicity, Value Solve Escalating Costs, Security Needs for Newly Extended Distributed Enterprises, Governments & MSSPs

MILPITAS, Calif., Aug. 11, 2020 /PRNewswire/ — Newly distributed enterprises, government agencies and MSSPs are continuously challenged to deliver vital and immediate threat protection to large-scale networks and remote workforces — all while adhering to a growing number of mandates that vary by border.

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MILPITAS, Calif., Aug. 11, 2020 /PRNewswire/ — Newly distributed enterprises, government agencies and MSSPs are continuously challenged to deliver vital and immediate threat protection to large-scale networks and remote workforces — all while adhering to a growing number of mandates that vary by border.

By delivering breakthrough economics for high-security environments, SonicWall today announces new ways to deploy, scale and future-proof security for newly extended distributed enterprises, governments and MSSPs. SonicWall’s re-imagined security experience streamlines network security controls and whole-network visibility via intuitive and easy-to-understand user interfaces.

This evolution of SonicWall Boundless Cybersecurity includes new high-performance NSsp 15700 firewalls, new multi-gigabit TZ570 and TZ670 firewalls, new CSa 1000 for on-prem sandboxing with Real-Time Deep Memory Inspection™ (RTDMI), new NSv virtual firewall choices and scalable cloud-native security management.

«Organizations are redefining operations and security as they face new challenges with the sprawling, mass-scale environments required in the new business normal,» said SonicWall President and CEO Bill Conner. «Securing these newly extended networks quickly and thoroughly has become a top priority. Organizations are increasingly the targets of perpetrators seeking to take advantage of COVID-related threats against distributed networks hastily re-architected to accommodate mobile and remote workforces practically overnight.»

The full Capture Cloud Platform expansion includes:

  • New SonicOS 7.0
  • New SonicOSX 7.0 for Distributed Enterprises, Government Agencies & MSSPs
  • New SonicWall NSsp 15700 High-End Firewalls
  • New SonicWall NSv 270, 470 & 870 Virtual Firewalls
  • New SonicWall CSa 1000 with RTDMI™ Technology
  • New SonicWall TZ570 & TZ670 Entry-Level Firewalls
  • New SonicWall Network Security Manager (NSM) 2.0

«It’s now time to ensure that those organizations have the proper power, protection and control to successfully defend themselves without sacrificing speed, convenience and reliability — all while adhering to compliance requirements,» said Conner. 

Protecting New Extended Distributed Enterprises, Governments
Building on a long lineage of simplifying security complexity, SonicWall expands that same ease of use and power to large distributed enterprises, government agencies and MSSPs, simplifying the experience with a more flexible, easily implemented approach.

SonicOS 7.0 and Network Security Manager (NSM) 2.0 provide increased visibility, management and control via all-new user interfaces. The modern user experience is smartly organized, includes intelligent device dashboards, re-designed topologies, SonicExpress mobile app support, and simplified policy creation and management.

Rebuilt from the ground up as a cloud-native management platform, NSM is designed for speed, scalability and reliability across the largest distributed enterprises. Large enterprises and government agencies can optimize, control, monitor and manage tens of thousands of network security devices, including firewalls, managed switches and wireless access points — all via a reliable, scalable and cloud-native security management solution.

«SonicWall products have always been performed very well, but the new SonicOS 7.0 coupled with their seventh-generation appliances are a giant step forward,» said Thinkss Senior Security Engineer Prabhod T.R. «The company has moved out of the traditional UI/UX that’s been followed for years, and have completely changed the look and feel of their devices with SonicOS 7.0, pushing them ahead to compete with enterprise the market.»

Increase Protection, Improve Returns on Security Investments
Global development and departmental expansion create a similar need for large-scale enterprises and government organizations to scale faster, protect more and maintain control of rapidly growing networks — all while adhering to tighter budgets.

«Any enterprise wondering why they should look at a new network security vendor should consider the real day-to-day challenges they face: complex environments with expensive enterprise-grade solutions from a dozen vendors,» said Omdia Cybersecurity Chief Analyst Jeff Wilson. «In many cases, these environments have failed to really solve their network security problem, and companies face staff shortages, skill gaps and shrinking budgets. SonicWall has been building solutions that focus on delivering strong security to companies with little or no cybersecurity staff or expertise and modest budgets.»

The enhanced SonicOSX 7.0 is designed to simplify complex policy, audit and management controls for distributed enterprise and government organizations’ growing demands. The new SonicWall OS is built on a single code base, so if administrators learn any product, they learn them all. The intuitive UI/UX ensures familiarity, reduces training and slashes deployment times.

The open, scalable and cloud-native Network Security Manager 2.0 optimizes operational agility and efficiency for enterprises, governments and service providers with a single-pane-of-glass experience. The service also reduces risk by visualizing security events from managed devices. IT departments gain instant change confirmation and feedback, roll back single or group changes, and have the ability to build full audit trails with complete change history.

Organizations can further reduce costs by limiting the use of on-site personnel. Eliminate «truck rolls» by deploying thousands of firewalls, connected switches and wireless access points using enhanced zero-touch provisioning and configuration templates. Administrators on the go can complete the most common management tasks — including firewall registration, setup, configuration and monitoring — with the new SonicExpress mobile app.

Future-Proof Large-scale Networks, Branch Security
The new SonicWall NSsp 15700 firewall, with multiple 100/40/10 GbE interfaces and compute-cluster-like processing capacity, helps enterprises, governments, data centers and service providers utilize their investments as resource utilization and connection requirements grow with the increase of connected devices and users.

«The new enterprise platform that SonicWall is launching combines enterprise-grade technology with everything they’ve learned helping SMBs face challenges that, as it turns out, are actually the biggest challenges enterprises face as well,» said Wilson.

The SonicWall NSsp 15700 firewall series is optimized for high-speed threat analysis in the most demanding networks. The NSsp 15700 offers revolutionary multi-instance capabilities available and is capable of safeguarding millions of connections.

Both the high-end NSsp 15700 firewalls and the newest NSv 270, 470 and 870 virtual firewall service include integrated TLS 1.3 support, which improves performance and security while eliminating complexities. Full TLS 1.3 support on physical and virtual firewalls ensures your future-proofed environments support the latest encryption standards.

New SonicWall TZ570 and 670 provide integrated zero-touch capabilities to deploy branch connectivity and security in minutes. The new TZ series also is ready for both 5G and secure SD-Branch.

Deploy On-Premise Threat Protection for More Data Control
For organizations needing to increase visibility and maintain data control while identifying and stopping both the known and unknown cyberattacks persistent in today’s new business normal, the multi-engine SonicWall Capture Advanced Threat Protection (ATP) sandbox service with RTDMI technology is now available as an on-prem appliance via the all-new CSa 1000.

With patent-pending Real-Time Deep Memory Inspection (RTDMI), both on-prem CSa 1000 and the cloud-based Capture ATP are able to discover and stop thousands of previously unseen evasive malware samples each day, even attacks encrypted with TLS 1.3 sent from a connected SonicWall firewall for deeper analysis.

RTDMI is one of the few technologies that is capable of network-based protection against code necessary to execute side-channel attacks such as Meltdown, Spectre, Foreshadow, PortSmash, Spoiler, MDS and TPM-Fail.

For detailed product information, please visit:

About SonicWall
SonicWall delivers Boundless Cybersecurity for the hyper-distributed era in a work reality where everyone is remote, mobile and unsecure. SonicWall safeguards organizations mobilizing for their new business normal with seamless protection that stops the most evasive cyberattacks across boundless exposure points and increasingly remote, mobile and cloud-enabled workforces. By knowing the unknown, providing real-time visibility and enabling breakthrough economics, SonicWall closes the cybersecurity business gap for enterprises, governments and SMBs worldwide. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

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SOURCE SonicWall

7PSolutions, Leader in Logistics Security and Risk Management Partners with Mexico’s Leading Security and Tracking Expert

NASHVILLE, Ind. and MEXICO CITY, Aug. 11, 2020 /PRNewswire/ — Orbit Keeper joins 7PSolutions (7P) to deliver a single solution security and logistics protection platform that covers high risk cargo throughout the entire supply chain – including ground, air, rail and maritime.  7PSolution’s global footprint and technology, combined with Orbit Keeper’s local knowledge and professional network, provides a unique service offering to logistics and loss prevention…

NASHVILLE, Ind. and MEXICO CITY, Aug. 11, 2020 /PRNewswire/ — Orbit Keeper joins 7PSolutions (7P) to deliver a single solution security and logistics protection platform that covers high risk cargo throughout the entire supply chain – including ground, air, rail and maritime.  7PSolution’s global footprint and technology, combined with Orbit Keeper’s local knowledge and professional network, provides a unique service offering to logistics and loss prevention executives in Mexico and around the world.

The current health crisis has dramatically impacted security and logistics in Mexico and Latin America.  Resulting in higher crime rates and loss of cargo in a market that has been plagued with theft.  Mexico’s National Association of Vehicular Track and Trace (ANERPV), has alerted of a significant increase in logistics related crime during the pandemic.  This has added risk to an industry that struggles with limited economic activity.  The National Chamber of Transporters (CANACAR) also reported higher numbers in crime when compared to statistics in 2019.  «Our organization is focused on improving safety and minimizing risk for all logistics providers,» said Ing. Victor Presichi, President of ANERPV.  «We welcome partnerships like the one between Orbit Keeper and 7PSolutions and look forward to working with them towards a safer Mexico.»

«Our partnership with 7PSolutions will help alleviate and address the uptick in crime affecting logistics and cargo loss in Mexico,» said Yolanda Bernal, Founder of Orbit Keeper and recognized security expert in Mexico.  «7PSolution’s global outreach and experience will strengthen our existing security platform so we can protect our client’s shipments from origin to destination,» added Ms. Bernal.

7PSolutions provides a wide range of products and services that protect high value goods in high risk jurisdictions.  The company’s state of the art RouteWatch platform includes a monitoring call center, local law enforcement escalation and real-time GPS hardware that delivers optimal coverage and accuracy.  One size does not fit all clients.  Experience and customization set the company apart from the competition. 

«We are always looking to add new Partners to our team.  Yolanda Bernal and Orbit Keeper are an ideal match to complement our services and provide coverage in Mexico,» said Jeff Clark, CEO and Founder of 7PSolutions.  «Our firm is second to none in quality control and support.  Protecting cargo is what we do, and we deliver results through high tech platforms that are customized for our clients and in collaboration with government organizations and Partners like Orbit Keeper,» added Mr. Clark.

About 7P Solutions:
The company was founded in 2010 to fulfill an unmet need in the supply chain and transportation industries: a single solution for climate control, security, fleet and quality management through every stage of the supply chain. 7P leverages the extensive knowledge, experience and expertise of their leadership team comprised of logistics, cargo security, cold chain and quality assurance industry veterans – all of whom understand the critical importance of providing real-time supply chain visibility so clients can manage their supply chain, fleets and assets. Today 7P’s real-time GPS solutions, combined with the company’s RouteWatch SaaS, is utilized globally to ensure product integrity and protection to customers and their brands.

About Orbit Keeper:
A company dedicated to the commercialization of satellite location systems for vehicles and cargo.  It has a Command Center supported by the Centinela Platform in collaboration with government authorities. Development of mobile applications according to the needs of clients.

Contact Person
Luis M. Balzac, Media Relations   
P.  +1.646.400.8900 – E. Luis@BalzacPublicAffairs.com

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SOURCE 7P Solutions

Q26 Releases Summer Film Issue of QTYPE To Raise Money For The LGBTQ Community

LOS ANGELES, Aug. 11, 2020 /PRNewswire/ — Black and Queer-owned digital media company, Q26, has released the Summer Film Issue of its triannual magazine, QTYPE, on August 11, 2020. Funds raised from the magazine issue will go back into the LGBTQ community, supporting creatives with a focus on people of color.

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LOS ANGELES, Aug. 11, 2020 /PRNewswire/ — Black and Queer-owned digital media company, Q26, has released the Summer Film Issue of its triannual magazine, QTYPE, on August 11, 2020. Funds raised from the magazine issue will go back into the LGBTQ community, supporting creatives with a focus on people of color.

Queer professionals such as transgender Sri Lankan-American performer, writer, and community activist, D’Lo, actress, writer, and producer, Rain Valdez, Outfest Executive Director, Damien S. Navarro, and actress, comedian, writer, and editor, Chaunté Wayans, among others lent their stories to the magazine.

QTYPE is a triannual publication that focuses on sharing stories from queer artists to provide representation and inspiration for lgbtq youth around the world. The magazine aims to uplift often marginalized voices that do not get highlighted in mainstream media. A portion of the funds raised from subscription and magazine sales will go towards nonprofit organizations and individuals in need, including homeless lgbtq youth in Los Angeles, as Q26 has done for the past two years in winter.

Q26 plans to disperse the funds raised for this winter’s time of giving back through scholarships for young POC in the LGBTQ community. The purpose of the scholarships is to alleviate debt collected from academic study. Recipients of the scholarships will be chosen from applications submitted by students and recent graduates.

«Before the magazine, QTYPE was a blog,» said Jasmine Lowe, Managing Editor at Q26. «We usually take that fourth quarter of the year off from putting together the magazine to raise money for queer youth experiencing homelessness in Los Angeles. We purchase much needed (and often not thought of items) such as feminine hygiene products, basic skincare products, and a range of toys for the young kids.»

The second installment of the magazine follows the Spring 2020 Fashion Issue, which was released in March of this year. Q26 is offering a subscription to QTYPE, which includes the Spring and Summer issues so that readers can gain access to all QTYPE issues as they become available within the year.

The digital media company also produces «Q26 Originals,» which creates original video content including «The OutCrowd» in addition to providing «Qreative Services,» which offers unique branding, ad creation, and videography services. Q26 has also created programs for queer creatives, such as «Salon,» a series of virtual meetings of the mind bringing the queer community together to talk about issues that affect them in the arts and society at large.

Q26 plans for a fully-fledged Art Center to provide space for queer artists to create and gain access to the services needed to do so, in addition to the programs designed. You can find out more about Q26 and read the latest issue of QTYPE by visiting theq26.com.

Q26 is a Black + Queer-owned digital media company and creative studio supporting LGBTQ+ Creatives with a focus on people of color. Our network includes QTYPE, our triannual magazine; Q26 Originals, which creates original video content including The OutCrowd; and Qreative Services, which offers unique branding, ad creation, and videography services.

Every dollar that goes into Q26 goes back to our community, whether it’s through payments for our independent contractors (all queer and mostly POC), as donations to nonprofit organizations or individuals in need, or simply through the profit that a person or company is able to make after working with us.

Contact:
Camille Ora-Nicole
Founder/Creative Director
info@theq26.com

Summary: Rain Valdez, Chaunte Wayans, Jackie Cox, and other professionals from the film industry share their stories with Q26’s QTYPE magazine in the Summer Film Issue. Funds raised from subscriptions and sales will go back to artists and creatives in the lgbtq community.

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SOURCE Q26

Wix Announces Pricing of Private Offering of $500 million of 0% Convertible Senior Notes due 2025

NEW YORK, Aug. 11, 2020 /PRNewswire/ — Wix.com Ltd. (Nasdaq: WIX) («Wix»), a leader in website creation, today announced the pricing of $500 million aggregate principal amount of 0% Convertible Senior Notes due 2025 (the «Notes») in a private offering (the «Offering») to qualified institutional buyers…

NEW YORK, Aug. 11, 2020 /PRNewswire/ — Wix.com Ltd. (Nasdaq: WIX) («Wix»), a leader in website creation, today announced the pricing of $500 million aggregate principal amount of 0% Convertible Senior Notes due 2025 (the «Notes») in a private offering (the «Offering») to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»). In connection with the Offering, Wix has granted the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $75 million aggregate principal amount of the Notes solely to cover over-allotments. The sale of the Notes to the initial purchasers is expected to settle on August 13, 2020, subject to customary closing conditions.

The Notes will not bear regular interest, and the principal amount of the Notes will not accrete. The Notes will mature on August 15, 2025, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date.  The Notes will be convertible based on an initial conversion rate of 2.4813 ordinary shares of Wix per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $403.01 per share, which represents a conversion premium of approximately 45.0% to the last reported sale price of Wix’s ordinary shares on The Nasdaq Global Select Market on August 10, 2020). Prior to the close of business on the business day immediately preceding February 15, 2025, the Notes will be convertible at the option of the holders of the Notes only upon the satisfaction of specified conditions and during certain periods. On or after February 15, 2025 until the close of business on the second scheduled trading day preceding the maturity date, the Notes will be convertible at the option of the holders of Notes at any time regardless of these conditions. Conversions of the Notes will be settled in cash, ordinary shares of Wix or a combination thereof, at Wix’s election.

Wix may not redeem the Notes prior to August 21, 2023, except in the event of certain tax law changes. On or after August 21, 2023, Wix may redeem, for cash, all or part of the Notes if the last reported sale price of its ordinary shares has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which Wix provides notice of the redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. 

Holders of the Notes will have the right to require Wix to repurchase all or a portion of their Notes upon the occurrence of a fundamental change (as defined in the indenture governing the Notes) at a cash repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date. In connection with certain corporate events or following Wix’s delivery of a notice of redemption, Wix will, under certain circumstances, increase the conversion rate for a holder who elects to convert its Notes in connection with such corporate event or to convert its Notes called for redemption in connection with such notice of redemption, as the case may be.

When issued, the Notes will be Wix’s senior unsecured obligations and will rank senior in right of payment to any of Wix’s unsecured indebtedness that is expressly subordinated in right of payment to the Notes; equal in right of payment to any of Wix’s unsecured indebtedness that is not so subordinated (including Wix’s 0% Convertible Senior Notes due 2023); effectively junior in right of payment to any of Wix’s secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all indebtedness and other liabilities (including trade payables) of Wix’s subsidiaries.

In connection with the pricing of the Notes, Wix has entered into privately negotiated capped call transactions with certain of the initial purchasers of the Offering or their respective affiliates and other financial institutions (in this capacity, the «Option Counterparties»). The capped call transactions are expected generally to reduce the potential dilution to the ordinary shares of Wix upon any conversion of Notes and/or to offset any cash payments Wix is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap. The cap price of the capped call transactions will initially be $555.88 per share, which represents a premium of 100% over the last reported sale price of the ordinary shares of Wix of $277.94 per share on August 10, 2020, and is subject to certain adjustments under the terms of the capped call transactions. If the initial purchasers of the Offering exercise their option to purchase additional Notes, Wix expects to enter into additional capped call transactions with the Option Counterparties.

Wix has been advised that, in connection with establishing their initial hedges of the capped call transactions, the Option Counterparties or their respective affiliates expect to purchase ordinary shares of Wix and/or enter into various derivative transactions with respect to the ordinary shares of Wix concurrently with or shortly after the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of the ordinary shares of Wix, the Notes and Wix’s 0% Convertible Senior Notes due 2023 at that time. In addition, the Option Counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the ordinary shares of Wix and/or by purchasing or selling ordinary shares or other securities of Wix in secondary market transactions from time to time prior to the maturity of the Notes (and are likely to do so following any conversion, repurchase, or redemption of the Notes, to the extent Wix exercises the relevant election under the capped call transactions). This activity could also cause or avoid an increase or a decrease in the market price of the ordinary shares of Wix or the Notes, which could affect the ability of holders of Notes to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of the Notes, it could affect the number of ordinary shares of Wix, if any, and value of the consideration that holders of Notes will receive upon conversion of the Notes.

In addition, if any such capped call transactions fail to become effective, whether or not the Offering is completed, the Option Counterparties party thereto or their respective affiliates may unwind their hedge positions with respect to the ordinary shares of Wix, which could adversely affect the value of the ordinary shares of Wix and, if the Notes have been issued, the value of the Notes.

Wix estimates that the net proceeds from the Offering will be approximately $486.3 million (or $559.4 million if the initial purchasers exercise their over-allotment option in full), after deducting fees and estimated offering expenses payable by Wix.  Wix intends to use $40 million of the net proceeds from the Offering to pay the cost of the capped call transactions.  Wix may also use a portion of the net proceeds to acquire complementary businesses, products, services or technologies. However, Wix has not entered into any agreements for or otherwise committed to any specific acquisitions at this time.  Wix intends to use any remaining net proceeds from the Offering for general corporate purposes.  If the initial purchasers exercise their over-allotment option, Wix expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions with the Option Counterparties and the remaining net proceeds for general corporate purposes.

The Notes were offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the Notes and the ordinary shares of Wix potentially issuable upon conversion of the Notes, if any, have not been, and will not be, registered under the Securities Act, any state securities laws or the securities laws of any other jurisdiction, and unless so registered, the Notes and such shares, if any, may not be offered or sold in the United States except pursuant to an applicable exemption from such registration requirements.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of, the Notes (or any ordinary shares of Wix issuable upon conversion of the Notes) in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction.

About Wix.com Ltd.

Wix is leading the way with a cloud-based development platform for over 180 million registered users worldwide. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, the Wix website builder and complete product platform empowers millions of businesses, organizations, artists and individuals to take their businesses, brands and workflow online. The Wix Editor, Wix ADI, Editor X, a highly curated App Market, Ascend by Wix and Corvid by Wix enable users to build and manage a fully integrated and dynamic digital presence. Wix’s headquarters are in Tel Aviv with offices in Be’er Sheva, Berlin, Denver, Dnipro, Dublin, Kiev, Los Angeles, Miami, New York, Phoenix, San Francisco, São Paulo, Tokyo and Vilnius.

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties.  Such forward-looking statements may include, among other things, expectations regarding actions of the Option Counterparties and their respective affiliates; the satisfaction of customary closing conditions with respect to the Offering and the anticipated use of the net proceeds of the Offering, and may be identified by words like  «anticipate,» «assume,» «believe,» «aim,» «forecast,» «indication,» «continue,» «could,» «estimate,» «expect,» «intend,» «may,» «plan,» «potential,» «predict,» «project,» «outlook,» «future,» «will,» «seek» and similar terms or phrases.  The forward-looking statements contained in this document are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control.

Important factors that could cause actual outcomes to differ materially from those indicated in the forward-looking statements include, among others, the uncertainty surrounding the duration and severity of COVID -19 and its effects on our business; the risk that the Offering will not be consummated; and changes in global, national, regional or local economic, business, competitive, market, regulatory and other factors discussed under the heading «Risk Factors» in the Company’s 2019 annual report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2020. Any forward-looking statement made by Wix in this press release speaks only as of the date hereof.  Factors or events that could cause Wix’s actual results to differ may emerge from time to time, and it is not possible for Wix to predict all of them. Wix undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

Investor Relations:
Maggie O’Donnell
ir@wix.com 
914-267-7390

Media Relations:
pr@wix.com 

 

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SOURCE Wix.com Ltd.