The Dentists at Belle Meade Family Dentistry Combat Gum Disease in Nashville, TN with Laser Dentistry

NASHVILLE, Tenn., Dec. 30, 2020 /PRNewswire-PRWeb/ — In consideration of the decrease in proper oral health care amid the pandemic, Belle Meade Family Dentistry now offers state-of-the-art periodontal treatment using minimally invasive laser dentistry, with or without a referral in <span…

NASHVILLE, Tenn., Dec. 30, 2020 /PRNewswire-PRWeb/ — In consideration of the decrease in proper oral health care amid the pandemic, Belle Meade Family Dentistry now offers state-of-the-art periodontal treatment using minimally invasive laser dentistry, with or without a referral in Nashville, TN. Dr. James Pace Sr., Dr. Temp Sullivan, and Dr. James Pace Jr. consider maintaining a strong immune system more important than ever during the COVID-19 pandemic. Research indicates people across the country have neglected seeking medical care due to the outbreak with an increasing number of untreated serious health conditions. Experts say this has resulted in devastating consequences, although these are harder to measure than that of the pandemic.

Gum recession, bleeding gums, loose teeth, and bad breath are common signs of periodontal disease. The WPT™ laser procedure has revolutionized the way the dentists at Belle Meade Family Dentistry treat patients with gum disease. Innovative laser dentistry enhances the ability to perform in-office treatments such as deep cleanings and scaling and root planing. Laser-assisted treatment offers more precision when removing diseased tissues and harmful bacteria. In the hands of the skilled dentists at this practice, laser dentistry enables shorter appointments and less pain while reducing the risk of gum disease progression and infection more effectively than traditional methods.

Left untreated, gum disease can have a negative impact on immune system health and lead to serious diseases. A number of studies link periodontal disease to systemic diseases including respiratory disease, heart disease, cognitive impairment, metabolic syndrome/diabetes, some types of cancer, and pregnancy complications.

In response to the COVID-19 pandemic, Belle Meade Family Dentistry implemented sanitation safety protocols recommended by the CDC to help prevent its spread and maintain the health of their patients and staff. They also limit the number of patients in the office at the same time.

For those who have noticed signs of gum disease, delaying treatment can cause cascading health effects. Rest assured, patient safety and comfort is the number one mission at Belle Meade Family Dentistry. To benefit from tomorrow’s dentistry today, call 615-298-2030 to schedule an appointment.

About the Dentists

Belle Meade Family Dentistry serves the Nashville, TN area with full-service family dentistry, for 43 years running. Dr. James Pace Sr. has served as a Chairman of the Nashville Peer Review Committee and as a delegate to the Tennessee Dental Association. He was selected by his peers in 2019 as one of the Top Dentists in Nashville, has consistently received recognition by the Tennessee Dental Association for his hours of continuing education, and has led and participated in multiple dental and medical mission trips to the Dominican Republic. Along with Dr. James Pace Jr. they have been honored each year from 2015-2019 as Patient’s Choice Award Winners. Dr. Pace Jr. has also received the 2011 Tennessee Dental Association’s Ace Award. Dr. Temp Sullivan earned his fellow in laser dentistry at World Clinical Laser Institute and serves as a delegate for the Tennessee Dental Association and as a member of the Peer Review committee for TennCare. The team at Belle Meade Family Dentistry strives to provide the finest quality dental care for patients in a warm, caring, and clean environment. They execute the most advanced dental care with every service, including dental implants, Invisalign®, the Pinhole® Surgical Technique and laser dentistry. To learn more about the dentists at Belle Meade Family Dentistry and the services they offer visit http://www.bellemeadedental.com or call 615-298-2030.

Media Contact

Jenna Ksaibati, Progressive Dental Marketing, 727-286-6211, jenna@progressivedental.com

 

SOURCE Belle Meade Family Dentistry

Current becomes first fintech to receive government stimulus payments

NEW YORK, Dec. 30, 2020 /PRNewswire/ — Current, a leading U.S. challenger bank serving Americans overlooked by traditional banks, announced it was the first fintech in…

NEW YORK, Dec. 30, 2020 /PRNewswire/ — Current, a leading U.S. challenger bank serving Americans overlooked by traditional banks, announced it was the first fintech in the country to receive the second round of government stimulus payments.

Current received the payments before 9 p.m. ET on Tuesday, less than three hours after the U.S. Treasury announced the funds were being issued, and is making all funds fully available to all members immediately, as part of its mission to improve financial outcomes.

«We’re proud to once again be the first fintech in the country to credit the stimulus funds, especially at a time when many Americans are hurting for cash more than ever,» said Stuart Sopp, Current CEO and Founder. «We will be making all funds fully available to all members immediately. Nearly two thirds of the stimulus funds were spent within five days in April, mostly on life’s essentials, and we expect our members to spend the money in a similar way.»

When the first round of stimulus payments was issued in April with passage of the CARES Act, Current was the first fintech in the country to credit the payments, which was five days faster than traditional banks, and also credited all member accounts immediately. Most of the money was spent on life essentials such as food/groceries, gas and paying back friends and family.

About Current
We are a leading U.S. challenger bank serving the needs of Americans who have been overlooked by traditional banks. We have a mission to improve financial outcomes and a commitment to providing our members faster and better access to their money with early direct deposits, free overdraft, points for cash back and access to free ATMs nationwide. Our proprietary Current Core technology allows us to provide banking services without overdraft fees, minimum balance requirements, or hidden fees. To learn more about us, visit http://www.current.com or download our app on the App Store or Google Play.

Current is backed by investments from Tiger Global Management, Sapphire Ventures, Avenir, Foundation Capital, Wellington Management Company, QED Investors, EXPA and Elizabeth Street Ventures.

Media Contact:
Erin Bruehl
Director of Communications, Current
media@current.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/current-becomes-first-fintech-to-receive-government-stimulus-payments-301199240.html

SOURCE Current

Fluence Announces Investment from Qatar Investment Authority to Accelerate Growth and Global Deployment of Grid-Scale Energy Storage Technology

ARLINGTON, Va. and DOHA, Qatar and MUNICH, Dec. 30, 2020 /PRNewswire/ — Fluence, the leading global energy storage solutions provider, announced today that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction. Consummation of the transaction is subject to the satisfaction of customary closing…

ARLINGTON, Va. and DOHA, Qatar and MUNICH, Dec. 30, 2020 /PRNewswire/ — Fluence, the leading global energy storage solutions provider, announced today that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction. Consummation of the transaction is subject to the satisfaction of customary closing conditions, including regulatory clearances. QIA’s investment brings another strong financial partner to The AES Corporation (AES) and Siemens joint venture, further supporting Fluence’s mission to transform the way we power our world for a more sustainable future. Fluence intends to use the net proceeds from the private placement to further accelerate development of its product offerings, particularly digital products, and deployment of existing products in more markets globally. AES and Siemens will remain major shareholders, each maintaining an approximately 44 percent stake following the completion of the transaction and will continue to support Fluence’s long-term growth.

[Energy storage is] the linchpin of a decarbonized grid…adding QIA to our shareholder base will allow us to innovate.

«We believe the global problem of climate change can only be tackled by leveraging the combined capabilities of technologists and investors from around the world,» said Manuel Perez Dubuc, Fluence’s Chief Executive Officer. «We see energy storage as the linchpin of a decarbonized grid and adding QIA to our international shareholder base will allow Fluence to innovate even faster and address the enormous global market for large-scale battery-based energy storage.»

QIA is one of six founding members of the One Planet Sovereign Wealth Fund Initiative, which is building climate change into financial decision making, and the proposed investment further highlights QIA’s growing focus on the development of green technologies. Fluence’s mission and technology-driven offering aligns with QIA’s investment philosophy and QIA’s other recent green technology investments. With countries around the world setting increasingly ambitious targets to cut carbon emissions, Fluence is helping accelerate the adoption of renewables and is allowing utilities and power producers to incorporate renewables at scale. Its innovative technologies provide storage solutions for energy produced by wind farms and other renewable sources – a critical factor in the move towards a low-carbon economy.

«We are proud to partner with Fluence, which is at the forefront of the global drive to provide energy storage solutions,» said Mansoor bin Ebrahim Al-Mahmoud, QIA’s Chief Executive Officer. «We believe energy storage will play a key role in delivering cleaner, more sustainable and more resilient electric grids around the world. This investment further underpins our commitment to responsible investing for a low-carbon future.»

«Energy storage is playing a crucial role in enabling markets and organizations to achieve their goals for a carbon-free energy future,» said Andrés Gluski, AES President and Chief Executive Officer. «We are very pleased with Fluence’s success and today’s announcement is an important milestone toward maintaining Fluence’s global leadership in energy storage and achieving its growth potential.»

«Energy storage is a key pillar of the energy transition. Siemens has defined this as a significant long-term growth area,» said Matthias Rebellius, CEO of Siemens Smart Infrastructure and member of the Managing Board of Siemens AG. «QIA’s investment will support Fluence with its successful development in a dynamic market.»

The Fluence team has been a driving force in the global energy storage industry for more than a decade, repeatedly opening new markets and pioneering new applications. This summer, the company announced its sixth-generation Tech Stack, comprised of integrated hardware, operating software and digital intelligence engines. Built on 12 years of proprietary operating data from systems in the field, the Tech Stack enables faster deployment of standardized, modular systems, lower balance of system costs, and highly customizable solutions to meet individual customer needs. In October, Fluence announced its acquisition of AMS’ AI-driven software and digital intelligence platform for renewables and energy storage, which can significantly improve revenue of energy storage assets in wholesale markets, and plans to accelerate investment in its digital differentiation.

About Fluence
Fluence, a Siemens and AES company, is the global market leader in energy storage technology solutions and services, combining the agility of a technology company with the expertise, vision and financial backing of two well-established and respected industry giants. Building on the pioneering work of AES Energy Storage and Siemens energy storage, the company’s goal is to create a more sustainable future by transforming the way we power our world. Providing design, delivery and integration, Fluence offers proven energy storage technology solutions that address the diverse needs and challenges of customers in a rapidly transforming energy landscape. The company currently has approximately 2.4 gigawatts of projects deployed or awarded across 24 countries and territories worldwide. Fluence topped the Navigant Research utility-scale energy storage leaderboard in 2018 and was named one of Fast Company’s Most Innovative Companies in 2019. Its sixth-generation Tech Stack won Commercial Technology of the Year at the 22nd annual S&P Global Platts Global Energy Awards. To learn more about Fluence, please visit: fluenceenergy.com

About Qatar Investment Authority (QIA)
Qatar Investment Authority («QIA») is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar. For more information, please visit www.qia.qa 

About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com

About Siemens
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020. In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €57.1 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.com 

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SOURCE AES

El nuevo libro de María Elena Gutiérrez Sauri, Poemas y Sonetos, una magnífica obra para viajar dentro de un mundo de maravillosas emociones

El Sobrante, Calif., 30 de diciembre de 2020 /PRNewswire-HISPANIC PR WIRE/ — El reciente lanzamiento del libro Poemas y Sonetos por María Elena Gutiérrez Sauri de la editorial Page Publishing, nos trae un mundo que ampliará la percepción del lector sobre la vida que lo rodea. Percibirá la hermosura de la vida y la profundidad de nuestras emociones.

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El Sobrante, Calif., 30 de diciembre de 2020 /PRNewswire-HISPANIC PR WIRE/ — El reciente lanzamiento del libro Poemas y Sonetos por María Elena Gutiérrez Sauri de la editorial Page Publishing, nos trae un mundo que ampliará la percepción del lector sobre la vida que lo rodea. Percibirá la hermosura de la vida y la profundidad de nuestras emociones.

María Elena Gutiérrez Sauri nació un 13 de diciembre, en la Ciudad y puerto de Acapulco, Gro. México. Hizo sus estudios básicos y superiores en la misma ciudad, escuela de Ecología Marina. Su fascinación por las letras la llevó a enfocarse en el siglo XVII, donde nace su pasión por la literatura, escritura, pero, sobre todo, la poesía.

Gutiérrez nos entrega su impresión de lo que la rodea, de una forma autentica, sin dramas, aprendiendo a amar los grises, a reconocer lo malo y agradecer lo bueno de la vida.

María Elena nos dice: «La percepción del mundo en que existimos, me motiva a escribir poemas desde esta perspectiva. Quiero plasmar lo que da vida a mis anhelos y crear versos sin perder la esencia de lo que es la poesía. Una caricia al alma, un murmullo de amor en tus oídos, el poder leer y entender, desde mi propia concepción, lo que embellece a mi entorno. Deseo que lo que aquí expreso lo degusten sus sentidos y les toque el corazón»

Publicada por Page Publishing, el hermoso libro de María Elena Gutiérrez Sauri, Poemas y Sonetos, nos entrega bondad y tranquilidad a través de sus palabras, pero también nos revela nuevos caminos en la manera de ver la vida. ¡Atrévanse!

Para los lectores que deseen experimentar esta fabulosa experiencia, pueden hacerlo, a través de la lectura de este libro, concretando la compra de Poemas y Sonetos, en las tiendas en línea de Apple iTunes, Amazon, Google Play o Barnes and Noble.

Para información adicional o cualquier consulta pueden contactar a Page Publishing, a través del siguiente número: 866-315-2708.

Acerca de Page Publishing:

Page Publishing es una editorial tradicional, que presta todo tipo de servicios, maneja todos los temas intrínsecos involucrados en la publicación de los libros de sus autores incluyendo la distribución en las tiendas minoristas más grandes del mundo y la generación de las regalías. Page Publishing sabe que los autores necesitan ser libres para crear, no atados a un negocio complicado con temas como la conversión de libros en línea, establecer cuentas de ventas, seguros, impuestos y temas similares. Sus autores pueden dejar atrás estos temas tan tediosos, complejos y que representan una pérdida de tiempo para ellos, y enfocarse en su pasión; escribir y crear. Aprende más en www.pagepublishing.com

Foto – https://mma.prnewswire.com/media/1392872/Maria_Elena_Guti_rrez_Sauri.jpg

FUENTE Page Publishing

El nuevo libro de George Marciano, Al Fin Feliz, una autobiografía llena de sinceridad y sobre la lucha contra el alcoholismo

NUEVA YORK, 30 de diciembre de 2020 /PRNewswire-HISPANIC PR WIRE/ — El reciente lanzamiento del libro Al Fin Feliz por George Marciano de la editorial Page Publishing, nos trae la autobiografía del autor en tres partes: cada una de ellas contiene un sincero mensaje de quien, según sus propias palabras ha descendido a un fondo lleno de fracasos. Destacando la tenacidad de su voluntad para superar sus problemas del alcoholismo.

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NUEVA YORK, 30 de diciembre de 2020 /PRNewswire-HISPANIC PR WIRE/ — El reciente lanzamiento del libro Al Fin Feliz por George Marciano de la editorial Page Publishing, nos trae la autobiografía del autor en tres partes: cada una de ellas contiene un sincero mensaje de quien, según sus propias palabras ha descendido a un fondo lleno de fracasos. Destacando la tenacidad de su voluntad para superar sus problemas del alcoholismo.

George Marciano nació en Coatepeque, El Salvador, C. A. el 21 de abril de 1936. Estudió primaria en la escuela Camilo Campos de la misma ciudad, posteriormente estudio en el Colegio Bautista de la ciudad de Santa Ana, y sufrió de alcoholismo en las calles de diferentes ciudades de El Salvador y otros países de Centro América. Ha procreado 6 hijos, 16 nietos y 4 bisnietos, está felizmente casado con Alba Ruth Alvarado de Escobar y reside en la ciudad de Reseda, California. Uno de sus grandes logros ha sido mantenerse sobrio por 58 años en los cuales no solamente ha logrado una abstinencia total sino dejar otras adicciones como el tabaquismo.

Hay que leer el libro, adentrarse en las páginas plenas de autenticidad, cuya narrativa es vívidamente descriptiva en la sucesión de hechos y experiencias casi inauditas; altibajos en vivencias que dejaron huellas imborrables en el alma del autor; lo que fuera el yunque en que se forjó su espíritu transformando su personalidad, moldeando el carácter y la capacidad del hombre que, más tarde, emerge como un diamante de múltiples facetas.

George Marciano, poeta, escritor, periodista, benefactor, ciudadano, intachable, amigo de todos. ¡Salud!

Publicada por Page Publishing, el interesante libro de George Marciano, Al Fin Feliz nos entrega la vida del autor con sinceridad, nos cuenta sobre las tristezas y los obstáculos en la vida del autor, igualmente nos hará llegar la fórmula sobre cómo superar esos obstáculos.

Para los lectores que deseen experimentar esta intrigante y aleccionadora experiencia, pueden hacerlo, a través de la lectura de este libro, concretando la compra de Al Fin Feliz, en las tiendas en línea de Apple iTunes, Amazon, Google Play o Barnes and Noble.

Para información adicional o cualquier consulta pueden contactar a Page Publishing, a través del siguiente número: 866-315-2708.

Acerca de Page Publishing:

Page Publishing es una editorial tradicional, que presta todo tipo de servicios, maneja todos los temas intrínsecos involucrados en la publicación de los libros de sus autores incluyendo la distribución en las tiendas minoristas más grandes del mundo y la generación de las regalías. Page Publishing sabe que los autores necesitan ser libres para crear, no atados a un negocio complicado con temas como la conversión de libros en línea, establecer cuentas de ventas, seguros, impuestos y temas similares. Sus autores pueden dejar atrás estos temas tan tediosos, complejos y que representan una pérdida de tiempo para ellos, y enfocarse en su pasión; escribir y crear. Aprende más en www.pagepublishing.com

Foto – https://mma.prnewswire.com/media/1392851/George_Marciano.jpg

FUENTE Page Publishing

Maria Elena Gutiérrez Sauri’s new book Poemas y Sonetos, an enchanting collection of poems that express heartfelt thoughts and sentiments about the world

EL SOBRANTE, Calif., Dec. 30, 2020 /PRNewswire-HISPANIC PR WIRE/ — The book Poemas y Sonetos was created by Maria Elena Gutiérrez Sauri. Maria is an author who hails from Acapulco, Mexico. She did her basic and higher studies in the same city in a school of marine ecology.

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EL SOBRANTE, Calif., Dec. 30, 2020 /PRNewswire-HISPANIC PR WIRE/ — The book Poemas y Sonetos was created by Maria Elena Gutiérrez Sauri. Maria is an author who hails from Acapulco, Mexico. She did her basic and higher studies in the same city in a school of marine ecology.

Maria Elena Gutiérrez Sauri said this about her book: «The perception of the world in which we exist motivates me to write poems from this perspective. I want to capture what gives life to my desires and create verses without losing the essence of what poetry is—a caress to the soul, a whisper of love in your ears, and being able to read and understand from my own conception what beautifies my environment.

I hope that what I express here will be tasted by your senses and will touch your heart.»

Published by Page Publishing, Maria Elena Gutiérrez Sauri’s new book Poemas y Sonetos will fill the readers with empowering virtues and insights with its awe-inspiring poems that reflect life’s quaintness.

Consumers who wish to contemplate the true essence of life and their purpose in the world can purchase Poemas y Sonetos online at Apple iTunes, Amazon.com, Google Play, or Barnes and Noble.

For additional information or inquiries, you can contact Page Publishing, through the following number: 866-315-2708.

About Page Publishing:

Page Publishing is a traditional full-service publishing house that handles all of the intricacies involved in publishing its authors’ books, including distribution in the world’s largest retail outlets and royalty generation. Page Publishing knows that authors need to be free to create, not bogged down with complicated business issues like eBook conversion, establishing wholesale accounts, insurance, shipping, taxes, and the like. Its roster of authors can leave behind these tedious, complex, and time-consuming issues and focus on their passion: writing and creating. Learn more at www.pagepublishing.com.

Photo – https://mma.prnewswire.com/media/1392872/Maria_Elena_Guti_rrez_Sauri.jpg

SOURCE Page Publishing

George Marciano’s new book Al Fin Feliz, an awe-inspiring and vivid memoir of the author’s graceful, well-lived life that emanates fulfillment and purpose

NEW YORK, Dec. 30, 2020 /PRNewswire-HISPANIC PR WIRE/ — The book Al Fin Feliz was created by George Marciano. George is an author who was born in Coatepeque, El Salvador. He is also a poet, writer, and journalist.

<a href="https://mma.prnewswire.com/media/1392852/George_Marciano.html" target="_blank"…

NEW YORK, Dec. 30, 2020 /PRNewswire-HISPANIC PR WIRE/ — The book Al Fin Feliz was created by George Marciano. George is an author who was born in Coatepeque, El Salvador. He is also a poet, writer, and journalist.

George Marciano initiates his autobiography with the title Al Fin Feliz. He divides his book into three parts; each one contains a sincere message from someone who, according to his own words, has descended to a bottom full of failures, emphasizing the tenacity of his will to overcome his problems of alcoholism.

You have to read the book and delve into the pages full of authenticity, whose narrative is vividly descriptive in the succession of events and experiences almost unheard of—ups and downs in experiences that left indelible marks on the soul of the author. Whatever was the anvil on which his spirit was forged, it transformed his personality, shaping the character and capacity of the man who later emerges as a multifaceted diamond.

George Marciano—poet, writer, journalist, benefactor, citizen, faultless, and friend of all. Health!

Published by Page Publishing, George Marciano’s new book Al Fin Feliz imparts the author’s evoking and treasured moments in life that reveal hope, faith, and unyielding determination that allowed triumph to reign amid the struggles faced.

Consumers who wish to find courage by learning a man’s unequivocal fortitude can purchase Al Fin Feliz online at Apple iTunes, Amazon.com, Google Play, or Barnes and Noble.

For additional information or inquiries, you can contact Page Publishing, through the following number: 866-315-2708.

About Page Publishing:

Page Publishing is a traditional full-service publishing house that handles all of the intricacies involved in publishing its authors’ books, including distribution in the world’s largest retail outlets and royalty generation. Page Publishing knows that authors need to be free to create, not bogged down with complicated business issues like eBook conversion, establishing wholesale accounts, insurance, shipping, taxes, and the like. Its roster of authors can leave behind these tedious, complex, and time-consuming issues and focus on their passion: writing and creating. Learn more at www.pagepublishing.com.

Photo – https://mma.prnewswire.com/media/1392851/George_Marciano.jpg

SOURCE Page Publishing

Euro Tech Holdings Company Limited Reports Interim Results For The Six Months Ended June 30, 2020

HONG KONG, Dec. 30, 2020 /PRNewswire/ — Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported its unaudited financial results for the six months ended June 30, 2020.

The Company’s net income for the six months ended June 30, 2020 («1H 2020») was approximately US$869,000 as compared to net loss of approximately US$280,000 for the six months ended <span…

HONG KONG, Dec. 30, 2020 /PRNewswire/ — Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported its unaudited financial results for the six months ended June 30, 2020.

The Company’s net income for the six months ended June 30, 2020 («1H 2020») was approximately US$869,000 as compared to net loss of approximately US$280,000 for the six months ended June 30, 2019 («1H 2019»). This was attributed by the non-recurrent net gain on disposal of a property of approximately US$1,429,000.

The adverse impact of COVID-19 coupled with the China-US escalating trade war and technology tensions, and the ongoing social unrest in Hong Kong resulted in a 35.1% decrease of revenues from approximately US$8,815,000 for 1H 2019 to approximately US$5,718,000 for 1H 2020. Revenues from trading and manufacturing activities, and engineering activities decreased by US$1,426,000 and US$1,671,000, respectively.

Gross profits decreased by 20.5% to approximately US$1,619,000 for 1H 2020 as compared to approximately US$2,036,000 for 1H 2019. The decrease was primarily due to the drop in revenues.

Selling and administrative expenses decreased by approximately US$171,000 to US$2,341,000 for 1H 2020 as compared to approximately US$2,512,000 for 1H 2019, in spite of the severance pay of approximately US$117,000 related to the scale-down of its loss-making manufacturing operation. The decrease was principally due to tight control over expenses.

Operating loss increased by 52.5% to approximately US$726,000 for 1H 2020 as compared to approximately US$476,000 for 1H 2019. This was primarily due to the decrease in revenues.

The Company expects that its operating performance will continue to be negatively impacted by COVID-19. However, the Company is still positive about the future Ballast Water Treatment Systems («BWTS») business from port services and commercial ships. The Company’s first ballast water port solution system has recently been delivered to its Shanghai port client. As the first pioneer to commence on commercial ballast water port reception treatment service in the Asia Pacific region, the Company is currently working on a number of enquiries from China, Southeast Asia and Europe. To comply with the International Maritime Organization («IMO») revised G8 requirements, the Company obtained a BWTS revised G8 test report already from a third party ballast water conformity assessment laboratory (with China National Accreditation Service qualification), and is now undergoing China Classification Society’s internal procedure of issuing the revised G8 type approval certificate.

About BWTS

BWTS are an imminent requirement by IMO to prevent the biological unbalance caused by the estimated 12 billion tons of ballast water transported across the seas by ocean-going vessels when their ballast water tanks are emptied or refilled. In 2012, ballast water discharge standard became a law in the US. Any vessel constructed in December 2013 or later will need to comply when entering US waters, and existing vessels will follow shortly after. IMO’s Ballast Water Management Convention entered into force for new-built vessels on September 8, 2017 after ratification by 52 States, representing 35.1441% of world merchant shipping tonnage. In July 2017, IMO decided that the phase-in period for ballast water system retrofits started on 8 September 2019. 

The company obtained type approval certificate from China’s Classification Society for its 200, 300, 500, 750, 1200 and 1250 Cubic Meters per hour BWTS and Alternate Management Systems (‘AMS») acceptance for its full range BWTS in 2016.

The IMO convention stipulates that type approval for revised G8 requirements must be obtained for all BWTS installed on or after October 28, 2020.

The ballast water port solution system is a system installed in port to offer ballast water treatment services for ocean going ships without their own BWTS and for those with damaged BWTS.

Certain statements in this news release regarding the Company’s expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company’s offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company’s own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the «Risk Factor» discussions in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2019.

 

EURO TECH HOLDINGS COMPANY LIMITED
CONSOLIDATED BALANCE SHEETS

As of

June 30,

2020

(Unaudited)

As of

December 31,

2019

(Audited)

US$’000

US$’000

Assets

Current assets:

Cash and cash equivalents

5,015

5,991

Restricted cash

1,453

658

Accounts receivable, net

1,765

3,586

Prepayments and other current assets

1,495

748

Contract assets

62

441

Inventories

205

586

──────

──────

Total current assets

9,995

12,010

──────

──────

Property, plant and equipment, net

271

700

Interest in affiliate

7,677

7,720

Goodwill

1,071

1,071

Deferred tax assets

37

87

Operating right-of-use assets

310

406

Long-term investment

148

148

Restricted cash

126

71

──────

──────

Total non-current assets

9,640

10,203

──────

──────

Total assets

19,635

22,213

══════

══════

Liabilities and shareholders’ equity

Current liabilities:

Bank borrowings

565

Accounts payable

2,129

3,914

Contract liabilities

1,382

869

Other payables and accrued expenses

1,028

1,142

Current portion of operating lease obligations

160

170

──────

──────

Total current liabilities

4,699

6,660

──────

──────

Non-current liabilities:

Operating lease obligations, net of current maturities

130

216

──────

──────

Total liabilities

4,829

6,876

──────

──────

Commitments and contingencies 

Shareholders’ equity:

Ordinary share, 
     20,000,000 (2019: 20,000,000) shares authorized;
     
3,260,559 (2019: 3,260,559) no par value shares issued

123

123

Additional paid-in capital

9,588

9,561

Treasury stock, 167,700 shares at cost as of June 30, 2020 and December 31, 2019, respectively

(786)

(786)

PRC statutory reserves

316

316

Accumulated other comprehensive income

907

899

Retained earnings

3,916

4,346

──────

──────

Total shareholders’ equity attributable to Euro Tech Holdings Company Limited

14,064

14,459

Non-controlling interests

742

878

──────

──────

Total shareholders’ equity

14,806

15,337

──────

──────

Total liabilities and shareholders’ equity

19,635

22,213

══════

══════

 

EURO TECH HOLDINGS COMPANY LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME / (LOSS)
FOR THE SIX MONTHS ENDED JUNE 30, 2020 AND 2019

2020

(Unaudited)

2019

(Unaudited)

US$’000

US$’000

Revenues

Trading and manufacturing

3,927

5,353

Engineering

1,791

3,462

────────

────────

Total revenues 

5,718

8,815

Cost of revenues

Trading and manufacturing

(2,819)

(4,123)

Engineering

(1,280)

(2,656)

────────

────────

Total cost of revenues

(4,099)

(6,779)

────────

────────

Gross profit

1,619

2,036

Finance costs

(4)

Selling and administrative expenses

(2,341)

(2,512)

────────

────────

Operating loss

(726)

(476)

Interest income

16

47

Other income, net

46

9

Gain on disposal of property, plant and equipment

1,429

Equity in income of affiliates

28

43

────────

────────

Income / (loss) before income taxes

793

(377)

Income taxes (expense) / credit

(50)

1

────────

────────

Net income / (loss)

743

(376)

Net loss attributable to non-controlling interests

126

96

────────

────────

Net income / (loss) attributable to Euro Tech Holdings Company Limited’s shareholders

869

(280)

════════

════════

Other comprehensive income / (loss)

    Net income / (loss)

743

(376)

    Foreign exchange translation

      Adjustments

(2)

5

────────

────────

Comprehensive income / (loss)

741

(371)

Comprehensive loss attributable to non-controlling interests

136

97

────────

────────

Comprehensive income / (loss) attributable to the Company

877

(274)

════════

════════

 

Net income / (loss) per ordinary share attributable to Euro Tech Holdings Company Limited’s shareholders

– Basic

$  US0.28

$  US(0.14)

$  US0.23

════════

════════

════════

– Diluted

$  US0.28

$  US(0.14)

$  US0.23

════════

════════

════════

Weighted average ordinary shares outstanding

– Basic

3,092,859

2,061,909

2,061,909

════════

════════

════════

– Diluted

3,092,859

2,061,909

2,061,909

════════

════════

════════

Dividend per share

US$0.42

US$ –

════════

════════

 

 

 

Cision View original content:http://www.prnewswire.com/news-releases/euro-tech-holdings-company-limited-reports-interim-results-for-the-six-months-ended-june-30-2020-301199269.html

SOURCE Euro Tech Holdings Company Limited

SkyStem Named «10 Best Companies of 2020» by Industry Era

NEW YORK, Dec. 30, 2020 /PRNewswire-PRWeb/ — SkyStem LLC, a leading provider of automated month-end close and account reconciliation software, is honored to being named «10 Best Companies of 2020» by Industry Era Magazine. Every year Industry Era offers their readers an insight into some of the world’s finest businesses. Ranging from small traders and solo practitioners to multi-national conglomerates, their winners are handpicked by their expert judges because of their commitment to client service…

NEW YORK, Dec. 30, 2020 /PRNewswire-PRWeb/ — SkyStem LLC, a leading provider of automated month-end close and account reconciliation software, is honored to being named «10 Best Companies of 2020» by Industry Era Magazine. Every year Industry Era offers their readers an insight into some of the world’s finest businesses. Ranging from small traders and solo practitioners to multi-national conglomerates, their winners are handpicked by their expert judges because of their commitment to client service and excellence in their respective sectors. The honor generates public recognition of the achievements and positive contributions of organizations and working professionals worldwide, it takes into account accomplishments in all aspects of work life.

«ART doesn’t just provide an efficient way to perform the month-end close, it’s also focused on helping the accountants produce high quality work,» said Shagun Malhotra, CEO and Founder of SkyStem. «ART was designed to meet four criteria: robust in features, easy to use, fast to implement and reasonably priced.»

Today, fintech companies are pushing for paperless accounting departments and faster results. SkyStem has been recognized for automating vital financial tasks such as the month-end close process and account reconciliations. Industry Era specifically recognized SkyStem’s ability to boost efficiency and profitability for its customers in order to help them excel against their peers.

To see the complete article and for more information about SkyStem, please click here.

About Industry Era
IndustryEra is one of the leading media brand offering technology-based magazines about the latest occurrences in various verticals. The magazine has a keen editorial focus on variation in technology, management, world-changing ideas, creativity, and perspective of established leaders. Printed for and about the various progressive industry leaders, IndustryEra encourages readers to think extensively, lead with a mission, embrace change, and shape the fate of the business. Dismantling the old practices of the industries, IndustryEra is all set out to record how transforming organizations build and fight to highlight new trade practices. The magazine also wants to display how the companies and individuals are revolutionizing the future and rediscovering the business.

About SkyStem LLC
Headquartered in the heart of New York City, SkyStem delivers a powerful month-end close solution for organizations seeking to streamline their financial processes. The company’s flagship solution, ART, is an enterprise technology that helps CFOs and Controllers shorten the month-end close and the time to issue financials by automating balance sheet reconciliations, managing month-end tasks, performing flux and variance analysis, and providing insightful reporting. The web-based solution streamlines and eliminates up to 90% of manual activities while strengthening internal controls and corporate governance.

Media Contact

Mabel Espinal, SkyStem, 6468333177, mespinal@skystem.com

Twitter

 

SOURCE SkyStem

Jessica Jordaan and WARHORSEUSA Announce Importance of Charitable Donations After the Holiday Season

DENVER, Dec. 30, 2020 /PRNewswire-PRWeb/ — As the CEO and founder of WARHORSEUSA, Jessica Jordaan understands the importance of charitable efforts. 50 percent of the nation’s nonprofit organizations receive their annual donations between the months of October and December. Despite this statistic, the needs for charitable donations do not reduce in January.

WARHORSEUSA is proud to announce the donation of 1,000 wild horse stuffed toys to the Salvation Army. The…

DENVER, Dec. 30, 2020 /PRNewswire-PRWeb/ — As the CEO and founder of WARHORSEUSA, Jessica Jordaan understands the importance of charitable efforts. 50 percent of the nation’s nonprofit organizations receive their annual donations between the months of October and December. Despite this statistic, the needs for charitable donations do not reduce in January.

WARHORSEUSA is proud to announce the donation of 1,000 wild horse stuffed toys to the Salvation Army. The Salvation Army is one of countless charitable organizations where toys, clothes and money are helping families in need. COVID-19 is causing an even greater need for charitable efforts.

Jessica Jordaan encourages all in a position to donate to a charitable cause to do so saying, «No matter the date on the calendar, there are countless causes who will benefit from even the smallest donation.»

«The numbers in terms of the people who we are serving are simply off the charts and how we’re going to meet the increased need is causing us to be concerned about giving levels.» said Kenneth Hodder, the U.S. national commander for the Salvation Army.

«The Salvation Army is actually seeing an increased number of donations, but the need has never been greater in the wake of the COVID-19 pandemic,» continued Jordaan.

The WARHORSEUSA organization is just one of many non-profits that relies on charitable donations throughout the year. Those who donate to WARHORSEUSA help abused, unwanted and abandoned Wild American Mustangs.

About WARHORSEUSA:
WARHORSEUSA is a non-profit that raises awareness on the battle for Wild American Mustangs. Currently Jordaan is Working on The Last Foal Documentary in Namibia, Africa. With International Photographer Guadalupe Laiz. (CNN Feature). The Last Foal project will photograph and document the strife of the remaining wild horses of The Namib Desert. Their survival now remains on the last foals born. Subject to drought and Hyenas, these foals face grave danger and the survival of the entire band, relies on them.

About Salvation Army:
The Salvation Army, an international movement, is an evangelical part of the universal Christian Church. Its message is based on the Bible. Its ministry is motivated by the love of God. Its mission is to preach the gospel of Jesus Christ and to meet human needs in His name without discrimination.

Media Contact

Jessica Jordaan, WARHORSEUSA, 8568408356, andrewschetter@gmail.com

 

SOURCE WARHORSEUSA