Mes: febrero 2021

InventHelp Inventor Develops Improved Bicycle Option for Two People (SFO-283)

PITTSBURGH, Feb. 3, 2021 /PRNewswire/ — «I wanted to create a more enjoyable way to bike ride with a friend or loved one,» said an inventor, from Richmond, Calif., «so I invented the BIKES INTO CAR. My design allows for more social interaction and it prevents the tipping associated with conventional tandem/multi-person bicycles.»

<a…

PITTSBURGH, Feb. 3, 2021 /PRNewswire/ — «I wanted to create a more enjoyable way to bike ride with a friend or loved one,» said an inventor, from Richmond, Calif., «so I invented the BIKES INTO CAR. My design allows for more social interaction and it prevents the tipping associated with conventional tandem/multi-person bicycles.»

The invention provides a unique bicycle option for use by two people. In doing so, it offers a safer alternative to traditional tandem bicycles. As a result, it enhances comfort, stability, balance and control and it provides added protection against the sun and light rain. The invention features a practical and user-friendly design that is convenient and easy to use so it is ideal for recreational bicyclists. Additionally, it is producible in design variations.

The original design was submitted to the San Francisco sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-SFO-283, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/inventhelp-inventor-develops-improved-bicycle-option-for-two-people-sfo-283-301219748.html

SOURCE InventHelp

Old York Cellars Winery Offers Valentine’s Weekend Experiences During COVID-19

RINGOES, N.J., Feb. 3, 2021 /PRNewswire-PRWeb/ — As the U.S. continues its efforts to mitigate fallout from the pandemic, couples in search of safe and affordable options to celebrate this Valentine’s Weekend will find it at Old York Cellars Winery, a 28-acre craft winery in Hunterdon…

RINGOES, N.J., Feb. 3, 2021 /PRNewswire-PRWeb/ — As the U.S. continues its efforts to mitigate fallout from the pandemic, couples in search of safe and affordable options to celebrate this Valentine’s Weekend will find it at Old York Cellars Winery, a 28-acre craft winery in Hunterdon County.

Old York Cellars recently unveiled its Winter Wine Village, a collection of high-end outdoor cabanas, complete with plush outdoor furnishings and decorative fire pits. They are available by reservation only. Cleaned and sanitized in between each two-hour reservation, the cabanas offer a scenic, wintery view of the sprawling vineyard while providing warmth, comfort and socially distanced enjoyment. A special tapas and sparkling wine menu prepared by their in house chef, José Diaz and wine and truffles pairing menu featuring chocolates hand crafted by Laurie’s Chocolates of Doylestown, PA and wine infused cupcakes by Bam Desserts of Somerset, NJ are available Saturday, Feb. 13 through Monday, Feb. 15 from noon to 5 p.m. each day. Vegetarian menu options and limited indoor seating are also available.

For couples seeking a more intimate experience, the winery is offering a special prix fixe four-course menu prepared by Chef José for dine-in or take-out at its Quaker Bridge Mall tasting room and restaurant in Lawrence Township, which includes a bottle of its sparkling wine.

Additionally, Old York Cellars is offering a number of Valentine’s gift selections, including boxed sets of its award-winning wines and chocolate covered wine bottles. The gift items can be picked up at the winery or the Quaker Bridge or Bridgewater Commons Mall retail locations. Shipping is available if ordered by February 8.

About Old York Cellars
Set amid some of the oldest vineyards in the Garden State, Old York Cellars is a working farm offering a full selection of award-winning wines and extraordinary experiences inside and outside of the tasting room. A convenient drive from both Manhattan and Philadelphia, Old York Cellars offers a picturesque getaway where guest can enjoy a glass of wine paired with a delicious lite food menu by Chef Jose Diaz. Old York Cellars also boasts a tasting room and restaurant located at the Quaker Bridge Mall and a wine shop located within the Bridgewater Commons Mall. For more information, please visit oldyorkcellars.com.

Media Contact

Hari Rajagopalan, Kimball Hughes Public Relations, 6105597585, hrajagopalan@kimballpr.com

 

SOURCE Old York Cellars

Daimler plans separation into two pure-play companies and majority listing of Daimler Truck to accelerate into zero- emissions and software-driven future

STUTTGART, Germany, Feb. 3, 2021 /PRNewswire/ —

STUTTGART, Germany, Feb. 3, 2021 /PRNewswire/ —

  • Intention to split Daimler’s industrial businesses and establish two independent pure-play companies
  • Spin-off and separate listing of Daimler Truck planned
  • Significant majority stake to be distributed to current Daimler shareholders
  • Intention to rename Daimler as Mercedes-Benz at the appropriate time
  • Mercedes-Benz will be the world’s pre-eminent luxury car business, committed to leading in electric drive and car software
  • Daimler Truck will accelerate its path towards zero emissions as the world’s largest truck and bus producer and technology leader
  • It is intended that both companies will have strong net liquidity and will pursue ambitious financial targets
  • Financial service teams of Daimler Mobility to be allocated to the respective
    Cars & Vans and the Truck & Bus business
  • Listing of Daimler Truck in Frankfurt planned for year-end 2021

Daimler plans a fundamental change in its structure, designed to unlock the full potential of its businesses in a zero-emissions, software-driven future. The Supervisory Board and the Board of Management of Daimler today agreed to evaluate a spin-off of its Truck and Bus business and begin preparations for a separate listing of Daimler Truck. It is intended that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders. The Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company. The transaction and the listing of Daimler Truck on the Frankfurt stock exchange is expected to be complete before year-end 2021. In addition, it is also Daimler’s intention to rename itself as Mercedes-Benz at the appropriate time.

Simplification of Daimler structure into two strong and independent companies

«This is a historic moment for Daimler. It represents the start of a profound reshaping of the company. Mercedes-Benz Cars & Vans and Daimler Trucks & Buses are different businesses with specific customer groups, technology paths and capital needs. Mercedes-Benz is the world’s most valuable luxury car brand, offering the most desirable cars to discerning customers. Daimler Truck supplies industry leading transportation solutions and services to customers. Both companies operate in industries that are facing major technological and structural changes. Given this context, we believe they will be able to operate most effectively as independent entities, equipped with strong net liquidity and free from the constraints of a conglomerate structure,» said Ola Källenius, Chairman of the Board of Management of Daimler and Mercedes-Benz.

As part of a more focused corporate structure, both Mercedes-Benz and Daimler Truck will also be supported by dedicated captive financial and mobility service entities, driving sales with tailor-made financing, leasing and mobility solutions, increasing retention and building customer loyalty. In this process, the company plans to assign resources and teams from today’s Daimler Mobility to both Mercedes-Benz and Daimler Truck.

«We have confidence in the financial and operational strength of our two vehicle divisions. And we are convinced that independent management and governance will allow them to operate even faster, invest more ambitiously, target growth and cooperation, and thus be significantly more agile and competitive,» added Källenius.

Daimler Truck to target growth and accelerate new technologies

Daimler Truck intends to generate value for its shareholders by accelerating the execution of its strategic plans, raising its profitability and driving forward with its development of emissions-free technologies for trucks and buses.

«This is a pivotal moment for Daimler Truck. With independence comes greater opportunity, greater visibility and transparency. We will grow further and continue our leadership in alternative powertrains and automation. We have already defined the future of our business with battery-electric and fuel-cell trucks, as well as strong positions in autonomous driving. With targeted partnerships we will accelerate the development of key technologies to bring best-in-class products to our customers rapidly,» said Martin Daum, Member of the Board of Management of Daimler and Chairman of the Board of Management of Daimler Truck.

«Daimler Truck already has a solid financial basis, and our business model is robust. We will continue to work on our cash flow management and we know how to deal with industry market cycles – we have proven that again in the significant COVID-related global market reduction. We have clear strategies to raise our financial performance and accelerate our execution. We will use our strong and well-known global brands, our scale and our exceptional technology to deliver industry-leading returns,» Daum added.

Daimler Truck is the world’s largest Truck and Bus producer, with industry leading positions in Europe, North America and Asia, and with more than 35 main locations around the globe. With more than 100,000 employees, it unites seven brands under one roof: BharatBenz, Freightliner, Fuso, Mercedes-Benz, Setra, Thomas Built Buses and Western Star. In 2019, a total of around half a million trucks and buses were delivered to customers. Revenue in 2019 for the individual divisions were €40.2 billion for Daimler Trucks and €4.7 billion for Daimler Buses. EBIT amounted to €2.5 billion for Daimler Trucks and €283 million for Daimler Buses.

Important step for customers, shareholders and employees

Manfred Bischoff, Chairman of the Supervisory Board of Daimler, sees the planned market listing as an important step to create value: „Mercedes-Benz and Daimler Truck enter this transformation with significant strengths and we are convinced they will emerge even stronger as independent companies, serving their respective customers. With their different return profiles and capital needs, the rationale for two independent entities is evident. We are convinced that the capital markets will appreciate the opportunity to invest in more clearly focused, pure-play businesses. The final decision on the spin-off has to be made by an extra-ordinary shareholder meeting of Daimler, which is planned to take place in Q3 2021.»

Michael Brecht, Chairman of the Daimler’s General Works Council, endorsed the plans: «The transformation of our industry is moving ahead quickly. In order for us to keep pace, we need to invest in innovations boldly and more quickly. To this end, we will set up an innovation fund with a volume of €1.5 billion for Daimler Truck in addition to our current financial plans. This will enable us to invest in new products and technologies, and we will play an active role by contributing our ideas. This provides additional support for our locations and helps to secure employment. In addition, collective bargaining deals such as our labor agreements will continue to apply until the end of the decade. The planned independence will bring Mercedes-Benz and Daimler Truck many advantages, and we will continue to do everything in our power to uphold the interests of our colleagues. We have the unique opportunity to proactively and sustainably shape our commercial vehicle sites – from production to the service business – in order to help write the next chapter of the Daimler Truck success story.»

Further details to be presented at extra-ordinary shareholder meeting Q3 2021

The intended structure of the transaction would involve Daimler transferring the majority of Daimler Truck to its shareholders on a pro rata basis in accordance with existing shareholdings, but it intends to retain a minority shareholding. Representation of Daimler in the Daimler Truck Supervisory Board will be in line with the intended deconsolidation.

This marks the beginning of the process to finalize the planned transaction. Therefore, it will not be possible to provide full details on various financial and technical subjects, including the exact share to be listed and the allocation ratio, until a later date.

All further details of the intended spin-off would be presented to the shareholders at an extra-ordinary shareholder meeting in Q3 2021, in order to obtain their mandatory approval to the plan.

A company presentation is available here: https://www.daimler.com/project-focus/

Further information on Daimler is available at:
www.media.daimler.com and www.daimler.com

This document contains forward-looking statements that reflect our current views about future events. The words «anticipate,» «assume,» «believe,» «estimate,» «expect,» «intend,» «may,» «can,» «could,» «plan,» «project,» «should» and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates and tariff regulations; a shift in consumer preferences towards smaller, lower-margin vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading «Risk and Opportunity Report» in the current Annual Report or the current Interim Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication.

Daimler at a glance
Daimler AG is one of the world’s most successful automotive companies. With its Mercedes-Benz Cars & Vans, Daimler Trucks & Buses and Daimler Mobility divisions, the Group is one of the leading global suppliers of premium cars and one of the world’s largest manufacturer of commercial vehicles. Daimler Mobility offers financing, leasing, fleet management, investments, credit card and insurance brokerage as well as innovative mobility services. The company founders, Gottlieb Daimler and Carl Benz, made history by inventing the automobile in 1886. As a pioneer of automotive engineering, Daimler sees shaping the future of mobility in a safe and sustainable way as both a motivation and obligation. The company’s focus therefore remains on innovative and green technologies as well as on safe and superior vehicles that both captivate and inspire. Daimler continues to invest systematically in the development of efficient powertrains – from high-tech combustion engines and hybrid vehicles to all-electric powertrains with battery or fuel cell – with the goal of making locally emission-free driving possible in the long term. The company’s efforts are also focused on the intelligent connectivity of its vehicles, autonomous driving and new mobility concepts. Daimler regards it as its aspiration and obligation to live up to its responsibility to society and the environment. Daimler sells its vehicles and services in nearly every country of the world and has production facilities in Europe, North and South America, Asia and Africa. In addition to Mercedes-Benz, the world’s most valuable luxury automotive brand (source: Interbrand study, 20 Oct. 2020), and

Mercedes-AMG, Mercedes-Maybach and Mercedes me, its brand portfolio includes smart, EQ, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses as well as the brands of Daimler Mobility: Mercedes-Benz Bank, Mercedes-Benz Financial Services and Daimler Truck Financial. The company is listed on the Frankfurt and Stuttgart stock exchanges (ticker symbol DAI). In 2019, the Group had a workforce of around 298,700 and sold 3.3 million vehicles. Group revenues amounted to €172.7 billion and Group EBIT to €4.3 billion.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/daimler-plans-separation-into-two-pure-play-companies-and-majority-listing-of-daimler-truck-to-accelerate-into-zero–emissions-and-software-driven-future-301221418.html

SOURCE Daimler North America – Corporate Communications

InventHelp Inventors Develop Convenient Locator Device for a Parked Car (SKC-618)

PITTSBURGH, Feb. 3, 2021 /PRNewswire/ — «We always have difficulties finding our car in a parking lot,» said one of two inventors, from Owensboro, Ky. «We thought there should be a quick way to locate it, so we invented the OOPS! WHERE’S MY CAR? Our design offers an efficient alternative to searching for your parked car.»

<a…

PITTSBURGH, Feb. 3, 2021 /PRNewswire/ — «We always have difficulties finding our car in a parking lot,» said one of two inventors, from Owensboro, Ky. «We thought there should be a quick way to locate it, so we invented the OOPS! WHERE’S MY CAR? Our design offers an efficient alternative to searching for your parked car.»

The invention provides a quick and easy way to locate your vehicle in a crowded parking lot. In doing so, it eliminates the need to aimlessly search for the vehicle. As a result, it saves time and effort and it could help to prevent frustrations. The invention features a user-friendly design that is convenient and easy to use so it is ideal for vehicle owners. Additionally, it is producible in design variations and a prototype model is available upon request.

The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-SKC-618, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/inventhelp-inventors-develop-convenient-locator-device-for-a-parked-car-skc-618-301219739.html

SOURCE InventHelp

KuCoin CEO Reflects on 2020 and Looks to the Future

VICTORIA, Seychelle, Febr. 3, 2021 /PRNewswire/ — The CEO of leading asset exchange KuCoin has written an open letter to the community, reflecting on the events of 2020 and outlining the company’s roadmap for the future.

VICTORIA, Seychelle, Febr. 3, 2021 /PRNewswire/ — The CEO of leading asset exchange KuCoin has written an open letter to the community, reflecting on the events of 2020 and outlining the company’s roadmap for the future.

A Letter from the KuCoin CEO

Johnny Lyu did not shy away from discussing the security incident incurred by the platform in September, when $285 million of funds was stolen.

«Security has always been the sword of Damocles hanging over the head of crypto exchanges. When we encountered the breach, we acted quickly and transparently to protect all our users and partners,» wrote Lyu. «First, we gradually resumed the deposit and withdrawal services within a week, before fully restoring all features.

«Secondly, with the efforts of all parties in the industry, we cooperated with exchange and project partners to recover $222 million (78%), and through further cooperation with law enforcement and security institutions, we recovered another $17.45 million (6%).

«KuCoin and our insurance fund covered the remainder of around $45.55 million (16%). In the end, we ensured that no users sustained any loss in this incident, and we have since greatly strengthened our security level.»

Lyu also confirmed that KuCoin had gathered intelligence about the perpetrators, and indicated that investigations were ongoing.

Based in Seychelles, KuCoin is one of the industry’s most recognized exchanges, serving a global user base of over six million. The platform works closely with over 200 blockchain projects and facilitates hundreds of millions of dollars worth of daily transactions. Reflecting upon the addition of 39 fiat currencies in the past year, Lyu confirmed that KuCoin now supports 53 national currencies with plans to integrate emerging payment tools and popular gateways such as BTC Direct and Mobilum. The CEO also heralded impressive growth in trading volume.

«In 2020, our margin trading volume increased 217% year on year and has supported 33 tokens and 54 trading pairs. Since the start of the year, KuCoin Futures have achieved a stunningly rapid 420% increase in trading volume and a remarkable 670% growth in user numbers. It now supports 17 coins, including USDT-Margined and Coin-Margined Contracts, and Perpetual Futures and Quarterly Delivery Futures.

«Over the past year, the Pool-X staking platform – which supports over 50 projects – generated around $7 million of passive income for users.»

After reflecting on recent additions, including new DeFi and NFT trading boards, Lyu revealed that KuCoin will support the upcoming Polkadot parachain slots auction, enabling users to participate in the expanding Polkadot ecosystem. Outlining his vision for the next two years, the CEO stated his belief that bitcoin will overtake gold, that decentralized finance will continue to innovate, and evolve, and that NFT use will also increase.

«In general, the future strategy of KuCoin will be carried out by two priorities: ‘Find the next crypto gem’ and ‘Empowering KCS’. In order to achieve the former, our intercontinental blockchain project research team will keep up with industry trends to identify more promising projects. «

«In the KuCoin community, KCS is the bond that connects us all, and ideally, all KuCoin users will become members of the KCS community. To this end, we will shed light on KCS and encourage users to become token holders, to grow with us and share the benefits from our growth. Moving forward, we will build KCS as a killer product rather than a simple token.»

Decentralization was a dominant theme in Lyu’s letter, with the CEO restating his belief that decentralization and blockchain-powered transparency can facilitate the free flow of value around the world.

«After evaluating all existing technologies and public chain ecosystems, we are going to launch new KuCoin decentralized trading solutions on the basis of KuChain,» Lyu wrote. «One thing is for sure: KCS will be the underlying fuel whatever the solution actually is.»

About KuCoin

KuCoin is a global crypto exchange that supports multiple crypto asset transactions. Established in September 2017, KuCoin has grown into one of the most popular crypto exchanges in the world. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its six million users in over 200 countries and regions around the world.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/kucoin-ceo-reflects-on-2020-and-looks-to-the-future-301221402.html

SOURCE KuCoin

Chicagoland’s Largest Solar Development «Energized» in the Fox Valley Area

AURORA, Ill., Feb. 3, 2021 /PRNewswire/ — Three area municipalities and a non-profit organization will save a combined $14.5 million in energy costs over the next 25 years from solar energy projects that are now «Energized» and operating as expected.  The Fox Valley Solar Farms are the largest installation of «behind the meter» Solar Power in the Chicagoland area.  The announcement was made by Progressive Business Solutions, an <span…

AURORA, Ill., Feb. 3, 2021 /PRNewswire/ — Three area municipalities and a non-profit organization will save a combined $14.5 million in energy costs over the next 25 years from solar energy projects that are now «Energized» and operating as expected.  The Fox Valley Solar Farms are the largest installation of «behind the meter» Solar Power in the Chicagoland area.  The announcement was made by Progressive Business Solutions, an Aurora-based Company that developed the projects in conjunction with local Municipal Leaders and Area Non-Profit Organizations.  Funds were made available in 2019 and 2020 from the Adjustable Block Program under the Future Energy Jobs Act (FEJA), passed in December of 2016.  Area residents, businesses, governmental organizations and non-profits all pay into a renewable energy fund, which is collected on each customer’s monthly ComEd bill.  All four of the Solar Farms developed by Progressive Business Solutions were selected to participate in the Illinois Solar for All Program, which was highly competitive in that less than 30% of the applications submitted received approval. «We want Industries that create jobs in Illinois to stay in Illinois,» said Rep. Keith Wheeler of Illinois’ 50th district. «The Fox Valley solar development is a testimony to the job creation engine that solar energy has become in our state over the past few years as a result of the Future Energy Jobs Act. Utilizing the FEJA to lower their operating costs without spending new taxpayer money is a good example of our community’s leadership which enabled the building of the largest solar development in our local area.   «We are pleased to have delivered on our commitment to develop projects that provide environmentally friendly low-cost power to Fox Valley Communities, but this is just the beginning.  We are currently working with Illinois Communities to get them lined up for the next phase of funding, said Chris Childress, Development Director Progressive Business Solutions.»  Our proprietary development process was the key to 100% of our Solar Fields being accepted in the first phase of the Adjustable Block program.

In accordance with the provisions under the agreements, Kendall County, the City of Plano, Fox Metro, and Mooseheart Child City & School built in excess of 7.6 MW of solar power generation capabilities.  This generates over 12 million kWh per year and 300 million kWh over the term of the project.  For reference, the average home consumes around 10,000 kWh per year.  The electric power generated will be used directly by the facilities and lower their operating costs.

«No new taxpayer dollars were used to build the Solar Fields.» according to Arnie Schramel, Managing Partner of Progressive Business Solutions.  «We helped originate, competitively bid the solar field construction, and found the financial resources to fund the projects.  The winning bidders will receive Renewable Energy Credits (REC’s).  Kendall County, the City of Plano, Fox Metro, and Mooseheart Child City & School will receive reduced cost power, which is substantially below market for a period of 25 years.» per Mr. Schramel.  «We could not have afforded solar without the Adjustable Block Program established by the Future Energy Jobs Act which enabled us to build the field with no upfront cost. Mooseheart invested $11.4 million into school renovations back in 2013 so we wanted to do something out of the ordinary to impact our energy budget.» Said Gary Urwiler, Executive Director of Mooseheart Child City and School.

Positive Impact for Our Community
«Kendall County is continually looking for ways to reduce our operating costs.  This will save County taxpayers over $4 million dollars.  When Progressive Business Solutions presented a program that allowed us to reduce our costs without any capital investment, we decided it was a good fit for Kendall County and its residents,» said Scott Gryder, Chairman of the Kendall County Board.  «The City of Plano and Progressive Business Solutions reviewed several potential locations and ultimately decided the best fit was to use vacant land next to the current water treatment plant.  The solar field has helped the City save money, reduce our dependence on traditional fossil fuels and provides a good example of how the City of Plano continues to be environmental stewards for today and the future.» said Robert Hausler, Mayor, City of Plano.

Carbon Emissions Reduction
Cost reduction is not the only benefit for the Community.  By generating over 300 million kWh during the project, it will reduce Carbon Emissions by over 212,000 metric tons.  According to the EPA Greenhouse Gas Equivalency Calculator, that is equivalent to eliminating over 45,000 passenger cars or eliminating 24 million gallons of gasoline.  «It is important as a municipal agency that we ensure we leave the earth in better shape than we found it.  At Fox Metro, we are continually looking for ways to reduce our carbon footprint in a financially responsible manner. This project accomplishes both those goals.» said Tom Muth, Executive Director at the Fox Metro Water Reclamation District.

How Can My Community/Business Participate?
Although the initial funding has been exhausted it is expected that there will be additional solar incentives made available in 2021 or 2022.  Progressive Business Solutions is working with area leaders to ensure their projects are ready for approval when funds are made available.  There is no fee to develop and present savings opportunities for your review and approval.  For more information on the Illinois Adjustable Block Program visit www.illinoisabp.com

About Progressive Business Solutions   
Progressive Business Solutions works with Municipalities, Non-Profits Organizations, and Commercial/Industrial customers to increase their profits by lowering operating expenses, without capital investment. Progressive Business Solutions has saved clients over $400 million dollars.

For More Information About Chicagoland’s Largest Solar Development Contact:
Chris Childress
Phone:  630-882-6100        Cell:  630-800-0173 
Email:  chris@savewithprogressive.com 
Website:  www.savewithprogressive.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/chicagolands-largest-solar-development-energized-in-the-fox-valley-area-301220884.html

SOURCE Progressive Business Solutions

Loud And Live Announces Launch Of Loud And Live Studios

MIAMI, Feb. 3, 2021 /PRNewswire/ — Loud And Live, a leading entertainment, sports and marketing company, announces the launch of its latest division, Loud And Live Studios.

MIAMI, Feb. 3, 2021 /PRNewswire/ — Loud And Live, a leading entertainment, sports and marketing company, announces the launch of its latest division, Loud And Live Studios.

Loud And Live, a Leading Entertainment, Sports &amp; Marketing Company, Announces Launch Of Studio Division

Loud And Live, which has developed and distributed content across its respective divisions since 2019, has formalized and consolidated its content development efforts under the newly formed Loud And Live Studios. Based out of Miami, Loud And Live Studios will serve as the content arm for the company.

From livestreams, podcasts and short & long form content, to music specials, documentaries and branded content, Loud And Live Studios was established in an effort to continue supporting the company’s vision to innovate and expand its capabilities and better serve its clients. «We’ve been organically developing content for years, so the launch of this division is a natural step for us as the demand from consumers and brands for content of all types, digital, streaming, and beyond, continues to grow,» said Nelson Albareda, CEO of Loud And Live.

Within Loud And Live’s marketing services division, its content development work for brands has also grown exponentially. Most recently, the company has developed unique and branded content for clients such as Walmart, P&G, McDonald’s, Nestlé and Frito-Lay, among others. «When you boil it down, from sports and entertainment, to lifestyle properties and brand work, our capabilities and the nature of our business offers a unique ecosystem to develop original content for our business units, as well as for our clients», Albareda added.

Across its Entertainment division, the company has been producing music specials for the likes of Sony Music Latin, HBO and YouTube. Last year, it also live-streamed multiple concerts, including with Latin icons Ricardo Montaner and Fito Paez. Already in 2021, Loud And Live Studios is in the post-production phase for two music specials set to premiere later this year on a major global network, to be announced. It’s also finalizing deals with various global Latin artists for the exclusive rights to their livestreamed concerts.

Around Sports, the company has been developing and distributing content since its inception, including the production of the exclusive Spanish-language broadcast of the 2019 Reebok CrossFit Games, as well as the production and live broadcast of CrossFit Open 19.5, both which were hosted on Loud And Live Sports’ YouTube channel. Most recently, Loud And Live Sports launched the Trials, a global digital fitness competition that was broadcasted on a proprietary platform developed by Loud And Live, which featured athletes competing from across the world and representing a total of 72 countries. It also owns and produces the Loud And Live Sports Podcast, which features unique content from across the sports and fitness industries.

Building off its continued success, the company plans to establish Loud And Live Studios into a leading media and content development player.

An Entertainment, Marketing, Media & Live Events Company, Loud And Live performs at the intersection of music, sports, lifestyle and content development. Headquartered in Miami with additional offices in San Francisco, Puerto Rico, Mexico and Spain, Loud And Live is driven by its passion to create engaging experiences for global audiences. www.loudlive.com | www.instagram.com/loud_live  | www.instagram.com/loudliveentertainment/ | www.instagram.com/loudlivesports/

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/loud-and-live-announces-launch-of-loud-and-live-studios-301221388.html

SOURCE Loud And Live

Services PMI® at 58.7%; January 2021 Services ISM® Report On Business®

Business Activity Index at 59.9%; New Orders Index at 61.8%; Employment Index at 55.2%; Supplier Deliveries Index at 57.8%

This report reflects the recently completed annual adjustments to the seasonal factors used to calculate the indexes.

TEMPE, Ariz., Feb. 3, 2021 /PRNewswire/ — Economic activity in the services sector grew in January for the eighth month in a row, say the nation’s purchasing and supply executives in the latest Services ISM® Report On…

Business Activity Index at 59.9%; New Orders Index at 61.8%; Employment Index at 55.2%; Supplier Deliveries Index at 57.8%

This report reflects the recently completed annual adjustments to the seasonal factors used to calculate the indexes.

TEMPE, Ariz., Feb. 3, 2021 /PRNewswire/ — Economic activity in the services sector grew in January for the eighth month in a row, say the nation’s purchasing and supply executives in the latest Services ISM® Report On Business®.

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: «The Services PMI® registered 58.7 percent, 1 percentage point higher than the seasonally adjusted December reading of 57.7 percent. This reading is the highest since February 2019 (58.8 percent) and indicates the eighth straight month of growth for the services sector, which has expanded for all but two of the last 132 months.

«The Supplier Deliveries Index registered 57.8 percent, down 5 percentage points from December’s reading of 62.8 percent. (Supplier Deliveries is the only ISM®Report On Business® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)

«The Prices Index figure of 64.2 percent is 0.2 percentage point lower than the seasonally adjusted December reading of 64.4 percent, indicating that prices increased in January, and at a slower rate. According to the Services PMI®, 14 services industries reported growth. The composite index indicated growth for the eighth consecutive month after a two-month contraction in April and May. There was continued growth in the services sector for the month of January. Respondents’ comments are more optimistic about business conditions and the economy. Various local- and state-level COVID-19 restrictions continue to negatively impact companies and industries. Production capacity and logistics issues continue to cause supply chain challenges,» says Nieves.

INDUSTRY PERFORMANCE
The 14 services industries reporting growth in January — listed in order — are: Real Estate, Rental & Leasing; Construction; Wholesale Trade; Finance & Insurance; Transportation & Warehousing; Health Care & Social Assistance; Management of Companies & Support Services; Agriculture, Forestry, Fishing & Hunting; Accommodation & Food Services; Other Services; Mining; Professional, Scientific & Technical Services; Public Administration; and Information. The four industries reporting contraction in January are: Arts, Entertainment & Recreation; Educational Services; Retail Trade; and Utilities.

WHAT RESPONDENTS ARE SAYING

  • «Many of our restaurant locations remain completely shut down to on-site dining. We remain optimistic about business trends beyond April/May 2021. [We] have a very challenging few months to go.» (Accommodation & Food Services)
  • «Orders for new business have picked up. Labor is still the major impediment to the business.» (Construction)
  • «Seasonal reduction of activity due to winter break from campus activity.» (Educational Services)
  • «Start of 2021 on track with a positive outlook.» (Finance & Insurance)
  • «Increased number of COVID-19 patients has forced the cancellation of elective surgeries. Bed capacity limited.» (Health Care & Social Assistance)
  • «The copper shortage is slowing deliveries of key network equipment.» (Information)
  • «Still working under COVID-19 restrictions and uncertain political climate.» (Mining)
  • «Overall, everything continues to be more optimistic; however, we are still seeing impacts from suppliers that are being affected by limiting staff due to COVID-19 restrictions.» (Other Services)
  • «Post-holidays spending is up. Many capital projects and expenditures are coming to fruition.» (Public Administration)
  • «Business outlook for 2021 looks better. Companies are optimistic that conditions will start improving by the end of the second quarter.» (Retail Trade)
  • «Business outlook for 2021 is positive with projects and capital investments moving forward. Target financial objectives have been obtained.» (Utilities)
  • «Good start to the year; business has promising growth. Market conditions are still affected by logistics issues, both domestic and international. Also, prices for raw material prices and freight are increasing up, by 4 percent to 13 percent.» (Wholesale Trade)

 

ISM® SERVICES SURVEY RESULTS AT A GLANCE

COMPARISON OF ISM® SERVICES AND ISM® MANUFACTURING SURVEYS

January 2021

Index

 Services PMI®

Manufacturing PMI®

Series
Index

Jan

Series
Index

Dec

Percent
Point
Change

 

 

Direction

 

Rate of
Change

 

Trend**

(Months)

Series
Index

Jan

Series
Index

Dec

Percent
Point
Change

Services PMI®

58.7

57.7

+1.0

Growing

Faster

8

58.7

60.5

-1.8

Business Activity/

Production

59.9

60.5

-0.6

Growing

Slower

8

60.7

64.7

-4.0

New Orders

61.8

58.6

+3.2

Growing

Faster

8

61.1

67.5

-6.4

Employment

55.2

48.7

+6.5

Growing

From Contracting

1

52.6

51.7

+0.9

Supplier Deliveries

57.8

62.8

-5.0

Slowing

Slower

20

68.2

67.7

+0.5

Inventories

49.2

58.2

-9.0

Contracting

From Growing

1

50.8

51.0

-0.2

Prices

64.2

64.4

-0.2

Increasing

Slower

44

82.1

77.6

+4.5

Backlog of Orders

50.9

48.7

+2.2

Growing

From Contracting

1

59.7

59.1

+0.6

New Export Orders

47.0

57.3

-10.3

Contracting

From Growing

1

54.9

57.5

-2.6

Imports

53.5

51.8

+1.7

Growing

 

Faster

 

4

56.8

54.6

+2.2

Inventory Sentiment

49.7

47.7

+2.0

Too Low

Slower

3

N/A

N/A

N/A

Customers’ Inventories

N/A

N/A

N/A

N/A

N/A

N/A

33.1

37.9

-4.8

Overall Economy

Growing

Faster

8

Services Sector

Growing

Faster

8

Services ISM® Report On Business® data is seasonally adjusted for the Business Activity, New Orders, Prices and Employment indexes. Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Inventories indexes.
**Number of months moving in current direction.

COMMODITIES REPORTED UP/DOWN IN PRICE, AND IN SHORT SUPPLY

Commodities Up in Price
Aluminum; Copper; Copper Wire (2); Diesel (2); Exam Gloves (4); Freight (2); Fuel; Gasoline (2); Gloves (2); Interior Door Slabs; Isolation Gowns; Labor (2); Labor — Temporary; Lumber; Nitrile Gloves (5); Oriented Strand Board (2); Personal Protective Equipment (PPE) (12); PPE — Gloves (4); Pharmaceuticals; Polyvinyl Chloride (PVC) Products (5); Rebar; Resin Products; Steel (5); Steel Products; and Transportation.

Commodities Down in Price
None.

Commodities in Short Supply
Appliances; Computer Equipment; Construction Contractors (4); Corrugate; Electrical Components (2); Gloves (2); Labor (2); Labor — Construction; Labor — Temporary; Lumber; N95 Masks (11); Needles & Syringes (2); Nitrile Gloves (8); Oriented Strand Board; Personal Protective Equipment (PPE) (12); PPE — Gloves (10); PPE — Masks; Pipette Tips; Steel Products (2); and Tubing.

Note: The number of consecutive months the commodity is listed is indicated after each item.

JANUARY 2021 SERVICES INDEX SUMMARIES

Services PMI®

In January, the Services PMI® registered 58.7 percent, 1 percentage point higher than seasonally adjusted December figure of 57.7 percent. This reading indicates the services sector grew for the eighth consecutive month after two months of contraction and 122 months of growth before that. A reading above 50 percent indicates the services sector economy is generally expanding; below 50 percent indicates the services sector is generally contracting.

A Services PMI® above 49.2 percent, over time, generally indicates an expansion of the overall economy. Therefore, the January Services PMI® indicates expansion for an eighth straight month following two months of contraction and a preceding period of 128 months of growth. Nieves says, «The past relationship between the Services PMI® and the overall economy indicates that the Services PMI® for January (58.7 percent) corresponds to a 3.4 -percent increase in real gross domestic product (GDP) on an annualized basis.»

SERVICES PMI® HISTORY

Month

Services PMI®

Month

Services PMI®

Jan 2021

58.7

Jul 2020

56.6

Dec 2020

57.7

Jun 2020

56.5

Nov 2020

56.8

May 2020

45.4

Oct 2020

56.2

Apr 2020

41.6

Sep 2020

57.2

Mar 2020

53.6

Aug 2020

57.2

Feb 2020

56.7

Average for 12 months – 54.5

High – 58.7

Low – 41.6

Business Activity
ISM®‘s Business Activity Index registered 59.9 percent in January, a decrease of 0.6 percentage point from the seasonally adjusted December reading of 60.5 percent. This represents growth for the eighth consecutive month. Comments from respondents include: «Business activity has improved due to people adjusting to the current environment» and «Increase in prospects and orders.»

The 10 industries reporting an increase in business activity for the month of January — listed in order — are: Construction; Finance & Insurance; Real Estate, Rental & Leasing; Wholesale Trade; Accommodation & Food Services; Health Care & Social Assistance; Professional, Scientific & Technical Services; Public Administration; Utilities; and Information. The two industries reporting a decrease are: Retail Trade; and Educational Services. Six industries reported no change in January compared to December.

Business Activity

%Higher

%Same

%Lower

Index

Jan 2021

29.7

51.4

18.8

59.9

Dec 2020

31.4

50.4

18.2

60.5

Nov 2020

27.5

57.0

15.4

59.6

Oct 2020

39.4

45.5

15.1

61.1

New Orders
ISM®‘s New Orders Index registered 61.8 percent, an increase of 3.2 percentage points from the seasonally adjusted December reading of 58.6 percent. New orders grew for the eighth consecutive month after two months of contraction and a preceding period of 128 months of expansion. Comments from respondents include: «We appear to be picking up, as our customers are starting to pull the trigger on new project spend» and «Higher order levels due to enhanced promotions and seasonal activity.»

The eight industries reporting growth of new orders in January — listed in order — are: Real Estate, Rental & Leasing; Finance & Insurance; Agriculture, Forestry, Fishing & Hunting; Wholesale Trade; Construction; Transportation & Warehousing; Information; and Professional, Scientific & Technical Services. The three industries reporting a decrease in January are: Arts, Entertainment & Recreation; Accommodation & Food Services; and Educational Services. Seven industries reported no change in January compared to December.

New Orders

%Higher

%Same

%Lower

Index

Jan 2021

30.5

51.6

17.9

61.8

Dec 2020

30.3

49.9

19.7

58.6

Nov 2020

29.6

55.2

15.1

59.0

Oct 2020

32.3

49.8

18.0

57.3

Employment
Employment activity in the services sector grew in January after contracting in December. After 72 straight pre-pandemic months of expansion, the index contracted from March through August. ISM®‘s Services Employment Index registered 55.2 percent in January, up 6.5 percentage points from the seasonally adjusted December reading of 48.7 percent. Comments from respondents include: «New hires required to perform awarded work in 2021» and «Trying to replace and build staff in critical areas.»

The eight industries reporting an increase in employment in January are: Management of Companies & Support Services; Real Estate, Rental & Leasing; Construction; Finance & Insurance; Accommodation & Food Services; Health Care & Social Assistance; Public Administration; and Wholesale Trade. The six industries that reported a reduction in employment in January — listed in order — are: Retail Trade; Information; Educational Services; Transportation & Warehousing; Utilities; and Professional, Scientific & Technical Services.

Employment

%Higher

%Same

%Lower

Index

Jan 2021

16.2

73.0

10.8

55.2

Dec 2020

14.6

66.8

18.6

48.7

Nov 2020

16.0

69.6

14.5

51.5

Oct 2020

19.5

62.4

18.1

50.1

Supplier Deliveries
The Supplier Deliveries Index registered 57.8 percent, which is 5 percentage points lower than the 62.8 percent reported in December. A reading above 50 percent indicates slower deliveries, while a reading below 50 percent indicates faster deliveries. Comments from respondents include: «Longer production schedules and shipping time,» and «Labor issues, port congestion and trucking delays.»

The 13 industries reporting slower deliveries in January — listed in order — are: Transportation & Warehousing; Wholesale Trade; Accommodation & Food Services; Retail Trade; Health Care & Social Assistance; Other Services; Mining; Agriculture, Forestry, Fishing & Hunting; Construction; Information; Management of Companies & Support Services; Educational Services; and Professional, Scientific & Technical Services. The only industry reporting faster deliveries in January is Utilities.

Supplier
Deliveries

%Slower

%Same

%Faster

Index

Jan 2021

18.4

78.8

2.8

57.8

Dec 2020

27.6

70.4

2.0

62.8

Nov 2020

16.9

80.3

2.8

57.0

Oct 2020

15.4

81.4

3.1

56.2

Inventories
The Inventories Index contracted in January after the prior month of growth. The reading of 49.2 percent was a 9-percentage point decrease from the 58.2 percent reported in December. Of the total respondents in January, 38 percent indicated they do not have inventories or do not measure them. Comments from respondents include: «Consumption of inventory levels» and «Inbound inventory can’t keep up with the demand.»

The seven industries reporting an increase in inventories in January — listed in order — are: Finance & Insurance; Educational Services; Other Services; Health Care & Social Assistance; Utilities; Public Administration; and Information. The six industries reporting a decrease in inventories in January — listed in order — are: Arts, Entertainment & Recreation; Transportation & Warehousing; Real Estate, Rental & Leasing; Mining; Retail Trade; and Professional, Scientific & Technical Services.

Inventories

%Higher

%Same

%Lower

Index

Jan 2021

17.0

64.6

18.5

49.2

Dec 2020

28.6

59.2

12.2

58.2

Nov 2020

19.6

59.4

21.0

49.3

Oct 2020

22.5

61.2

16.3

53.1

Prices
Prices paid by service organizations for materials and services increased in January, with the index registering 64.2 percent. This is 0.2 percentage point lower than the seasonally adjusted 64.4 percent reported in December.

The 16 services industries that reported an increase in prices paid during the month of January — listed in order — are: Wholesale Trade; Construction; Agriculture, Forestry, Fishing & Hunting; Retail Trade; Accommodation & Food Services; Mining; Arts, Entertainment & Recreation; Transportation & Warehousing; Health Care & Social Assistance; Professional, Scientific & Technical Services; Public Administration; Utilities; Management of Companies & Support Services; Other Services; Finance & Insurance; and Educational Services. No industry reported a decrease in prices paid for January.

Prices

%Higher

%Same

%Lower

Index

Jan 2021

32.0

63.3

4.8

64.2

Dec 2020

26.5

68.4

5.1

64.4

Nov 2020

32.0

62.2

5.8

63.9

Oct 2020

30.7

63.4

5.9

62.7

NOTE: Commodities reported as up in price and down in price are listed in the commodities section of this report.

Backlog of Orders
The ISM® Services Backlog of Orders Index grew in January for the seventh time in the last eight months. The index registered 50.9 percent; 2.2 percentage points higher than the 48.7 percent reported in December. Of the total respondents in January, 43 percent indicated they do not measure backlog of orders.

The eight industries reporting an increase in order backlogs in January — listed in order — are: Accommodation & Food Services; Health Care & Social Assistance; Retail Trade; Construction; Finance & Insurance; Transportation & Warehousing; Professional, Scientific & Technical Services; and Wholesale Trade. The five industries that reported a decrease in backlogs in January are: Arts, Entertainment & Recreation; Agriculture, Forestry, Fishing & Hunting; Management of Companies & Support Services; Other Services; and Public Administration.

Backlog of
Orders

%Higher

%Same

%Lower

Index

Jan 2021

13.9

74.0

12.1

50.9

Dec 2020

15.2

67.0

17.8

48.7

Nov 2020

19.0

63.3

17.6

50.7

Oct 2020

21.3

66.2

12.5

54.4

New Export Orders
Orders and requests for services and other non-manufacturing activities to be provided outside of the U.S. by domestically based companies contracted in January after five consecutive months of growth. The New Export Orders Index registered 47 percent in January, which is 10.3 percentage points lower than the 57.3 percent reported in December. Of the total respondents in January, 79 percent indicated they either do not perform, or do not separately measure, orders for work outside of the U.S.

The six industries reporting an increase in new export orders in January — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Health Care & Social Assistance; Utilities; Wholesale Trade; Transportation & Warehousing; and Professional, Scientific & Technical Services. The six industries that reported a decrease in exports in January — listed in order — are: Accommodation & Food Services; Retail Trade; Real Estate, Rental & Leasing; Other Services; Construction; and Information. Six industries reported no change in January.

New Export
Orders

%Higher

%Same

%Lower

Index

Jan 2021

13.2

67.7

19.2

47.0

Dec 2020

20.2

74.2

5.6

57.3

Nov 2020

15.0

70.8

14.2

50.4

Oct 2020

19.9

67.6

12.5

53.7

Imports
The Imports Index grew at a faster rate in January, as it registered 53.5 percent, 1.7 percentage points higher than December’s figure of 51.8 percent. Sixty-eight percent of respondents reported that they do not use, or do not track the use of, imported materials.

The eight industries reporting an increase in imports for the month of January — listed in order — are: Transportation & Warehousing; Real Estate, Rental & Leasing; Educational Services; Retail Trade; Agriculture, Forestry, Fishing & Hunting; Health Care & Social Assistance; Wholesale Trade; and Professional, Scientific & Technical Services. The three industries reporting a decrease in imports in January are: Construction; Management of Companies & Support Services; and Information. Seven industries reported no change.

Imports

%Higher

%Same

%Lower

Index

Jan 2021

14.9

77.0

8.0

53.5

Dec 2020

8.8

86.0

5.2

51.8

Nov 2020

17.3

75.3

7.4

55.0

Oct 2020

10.1

84.8

5.1

52.5

Inventory Sentiment
The ISM® Services Inventory Sentiment Index in January registered 49.7 percent, which is 2 percentage points higher than the 47.7 percent reading in December. This is only the fourth month — the others are March, November and December 2020 — in which respondents indicated they believe their inventories are too low since the inception of the Services (formerly Non-Manufacturing) ISM® Report On Business® in 1997.

The eight industries reporting sentiment that their inventories were too high in January — listed in order — are: Arts, Entertainment & Recreation; Other Services; Mining; Utilities; Construction; Information; Health Care & Social Assistance; and Public Administration. The five industries reporting a feeling that their inventories were too low in January are: Transportation & Warehousing; Real Estate, Rental & Leasing; Retail Trade; Professional, Scientific & Technical Services; and Wholesale Trade.

Inventory
Sentiment

%Too

High

%About
Right

%Too

Low

Index

Jan 2021

13.0

73.4

13.6

49.7

Dec 2020

10.2

75.1

14.8

47.7

Nov 2020

12.3

75.3

12.4

49.9

Oct 2020

14.0

74.2

11.8

51.1

About This Report
DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report’s information reflects the entire U.S., while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of January 2021.

The data presented herein is obtained from a survey of supply executives in the services sector based on information they have collected within their respective organizations. ISM® makes no representation, other than that stated within this release, regarding the individual company data collection procedures. The data should be compared to all other economic data sources when used in decision-making.

Data and Method of Presentation
The Services ISM® Report On Business® (formerly the Non-Manufacturing ISM® Report On Business®) is based on data compiled from purchasing and supply executives nationwide. Membership of the Services Business Survey Committee (formerly Non-Manufacturing Business Survey Committee) is diversified by NAICS, based on each industry’s contribution to gross domestic product (GDP). The Services Business Survey Committee responses are divided into the following NAICS code categories: Agriculture, Forestry, Fishing & Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation & Warehousing; Information; Finance & Insurance; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Management of Companies & Support Services; Educational Services; Health Care & Social Assistance; Arts, Entertainment & Recreation; Accommodation & Food Services; Public Administration; and Other Services (services such as Equipment & Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning & Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services).

Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries), this report shows the percentage reporting each response and the diffusion index. Responses represent raw data and are never changed. Data is seasonally adjusted for Business Activity, New Orders, Prices and Employment. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them. The remaining indexes have not indicated significant seasonality.

The Services PMI® is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and Supplier Deliveries. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. An index reading above 50 percent indicates that the services economy is generally expanding; below 50 percent indicates that it is generally declining. Supplier Deliveries is an exception. A Supplier Deliveries Index above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.

A Services PMI® above 49.2 percent, over time, indicates that the overall economy, or gross domestic product (GDP), is generally expanding; below 49.2 percent, it is generally declining. The distance from 50 percent or 49.2 percent is indicative of the strength of the expansion or decline.

The Services ISM® Report On Business® survey is sent out to Services Business Survey Committee respondents the first part of each month. Respondents are asked to ONLY report on U.S. operations for the current month. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to give the most accurate picture of current business activity. ISM® then compiles the report for release on the third business day of the following month.

The industries reporting growth, as indicated in the Services ISM® Report On Business® monthly report, are listed in the order of most growth to least growth. For the industries reporting contraction or decreases, those are listed in the order of the highest level of contraction/decrease to the least level of contraction/decrease.

ISM ROB Content
The Institute for Supply Management® («ISM») Report On Business® (Manufacturing, Services and Hospital reports) («ISM ROB») contains information, text, files, images, video, sounds, musical works, works of authorship, applications, and any other materials or content (collectively, «Content») of ISM («ISM ROB Content»). ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content (excluding any software code) solely for your personal, non-commercial use. The ISM ROB Content shall also contain Content of users and other ISM licensors. Except as provided herein or as explicitly allowed in writing by ISM, you shall not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM ROB Content.

Except as explicitly and expressly permitted by ISM, you are strictly prohibited from creating works or materials (including, but not limited to: tables, charts, data streams, time-series variables, fonts, icons, link buttons, wallpaper, desktop themes, online postcards, montages, mashups and similar videos, greeting cards, and unlicensed merchandise) that derive from or are based on the ISM ROB Content. This prohibition applies regardless of whether the derivative works or materials are sold, bartered, or given away. You shall not either directly or through the use of any device, software, internet site, web-based service, or other means remove, alter, bypass, avoid, interfere with, or circumvent any copyright, trademark, or other proprietary notices marked on the Content or any digital rights management mechanism, device, or other content protection or access control measure associated with the Content including geo-filtering mechanisms. Without prior written authorization from ISM, you shall not build a business utilizing the Content, whether or not for profit.

You shall not create, recreate, distribute, incorporate in other work, or advertise an index of any portion of the Content unless you receive prior written authorization from ISM. Requests for permission to reproduce or distribute ISM ROB Content can be made by contacting in writing at: ISM Research, Institute for Supply Management, 309 W. Elliot Road, Suite 113, Tempe, AZ 85284-1556, or by emailing kcahill@ismworld.org; subject: Content Request.

ISM shall not have any liability, duty, or obligation for or relating to the ISM ROB Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM ROB Content, or for any actions taken in reliance thereon. In no event shall ISM be liable for any special, incidental, or consequential damages, arising out of the use of the ISM ROB. Report On Business®, Manufacturing PMI®, Services PMI®, and Hospital PMI™ are registered trademarks of Institute for Supply Management®. Institute for Supply Management® and ISM® are registered trademarks of Institute for Supply Management, Inc.

About Institute for Supply Management®
Institute for Supply Management® (ISM®) serves supply management professionals in more than 90 countries. Its 50,000 members around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 as the first supply management institute in the world, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM leads the profession through the ISM Report On Business®, its highly regarded certification programs and the ISM Mastery Model®. This report has been issued by the association since 1931, except for a four-year interruption during World War II.

The full text version of the Services ISM® Report On Business® is posted on ISM®‘s website at www.ismrob.org on the third business day* of every month after 10:00 a.m. ET.

The next Services ISM® Report On Business® featuring February 2021 data will be released at 10:00 a.m. ET on Wednesday, March 3, 2021.

*Unless the New York Stock Exchange is closed.

Contact:

Kristina Cahill

Report On Business® Analyst

ISM®, ROB/Research Manager

Tempe, Arizona

+1 480.455.5910

Email: kcahill@ismworld.org

 

Institute for Supply Management logo. (PRNewsFoto/Institute for Supply Management)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/services-pmi-at-58-7-january-2021-services-ism-report-on-business-301220678.html

SOURCE Institute for Supply Management

InvestChile Portfolio of Projects Grows by 23% in 2020 to Over US $21,000 Million

In the case of the country of origin of the foreign investment supported by the Agency, the United States returned to the top place, with projects for US $4,487 million, which represented an increase of 61% in 2019.

SANTIAGO, Chile, Feb. 3, 2021 /PRNewswire/ — In the midst of the COVID-19 pandemic that is affecting the world and has had a negative impact on the global economy and investments, the portfolio of projects…

In the case of the country of origin of the foreign investment supported by the Agency, the United States returned to the top place, with projects for US $4,487 million, which represented an increase of 61% in 2019.

SANTIAGO, Chile, Feb. 3, 2021 /PRNewswire/ — In the midst of the COVID-19 pandemic that is affecting the world and has had a negative impact on the global economy and investments, the portfolio of projects supported by InvestChile – the Chilean Investment Promotion Agency – showed positive results in 2020, with the amount managed rising by 23% to US $21,898 million, up from US $17,799 million at end-2019. 

Similarly, the number of projects – at different stages of development – closed the year at 495, compared to 413 in 2019, equivalent to an increase of 20%.

According to the director of InvestChile, Andrés Rodríguez, it is important that overseas companies are continuing to choose Chile for their projects «since foreign investment will be crucial for the recovery of our economy and the creation of jobs in a post-pandemic scenario.»

«The contingency forced us to adapt our work and focus on supporting overseas companies already present in Chile to avoid the stoppage of their projects amid the restrictions due to the pandemic, without neglecting the international promotion we undertook remotely throughout the year, including our annual seminar held in November,» said Rodríguez.

In the case of the country of origin of the foreign investment supported by the Agency, the United States returned to the top place, with projects for US $4,487 million, which represented an increase of 61% in 2019, while Canada took second place, with US $4,084 million (a 42% increase) and China dropped to third place, with US $3,891 million, down by 20% on 2019.

Among the foreign investors who used InvestChile’s services, the sector in which they showed most interest was energy, with projects for US $7,871 million, up by 20% on 2019. It was followed by mining and suppliers, with US $7,099 million (38%), and global services, with US $3,903 million (58%).

Press Contact:

Francisca Schwerter, fschwerter@investchile.gob.cl

Denisse Vásquez, dvasquez@investchile.gob.cl

Related Images

logo-investchile.jpg
Logo InvestChile

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/investchile-portfolio-of-projects-grows-by-23-in-2020-to-over-us-21-000-million-301220988.html

SOURCE InvestChile

Bion Announces Core Optimization Trials Complete

NEW YORK, Feb. 3, 2021 /PRNewswire/ — Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of patented waste treatment technology incorporated within a business model focused on the production of branded sustainable livestock products in the beef, pork, and other sectors, announced it has concluded the core optimization testing of its third generation (3G) technology platform.

Completion of the 3G core optimization trials has resulted in further increases in system efficiencies…

NEW YORK, Feb. 3, 2021 /PRNewswire/ — Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of patented waste treatment technology incorporated within a business model focused on the production of branded sustainable livestock products in the beef, pork, and other sectors, announced it has concluded the core optimization testing of its third generation (3G) technology platform.

Completion of the 3G core optimization trials has resulted in further increases in system efficiencies and performance and opens the way for the design and implementation of a commercial scale 3G platform at a livestock production site. Bion has been in discussions with several potential production partners across multiple animal species.

Craig Scott, Bion’s director of communications, stated, «While we will continue to optimize the system as opportunities arise, we can now move forward with final design and engineering for our initial full scale 3G commercial system. In addition, we anticipate subsequent product filings with OMRI (Organic Material Review Institute) in the near future.»

Bion’s patented third-generation technology was designed to largely eliminate the environmental impacts of large-scale livestock production and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously recovers high-value coproducts and renewable energy that increase revenues. Bion’s 3G tech platform can provide a pathway to true economic and environmental sustainability with ‘win-win’ benefits for at least a premium sector of the $200 billion livestock industry, the environment, and the consumer. For more information, see Bion’s website, www.biontech.com.

This material includes forward-looking statements based on management’s current reasonable business expectations. In this document, the words ‘anticipate(s)’, ‘will be’, ‘believe’, ‘expect(s)’ and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.

Cision View original content:http://www.prnewswire.com/news-releases/bion-announces-core-optimization-trials-complete-301221348.html

SOURCE Bion Environmental Technologies, Inc.