Chipotle Leverages Its Real Change Feature To Support Its Pledge For Equality

NEWPORT BEACH, Calif., Aug. 6, 2020 /PRNewswire/ — Chipotle Mexican Grill (NYSE: CMG) today announced its new real change feature on the Chipotle app and Chipotle.com will spotlight the Thurgood Marshall College Fund (TMCF), an American non-profit organization that supports and represents students attending its 47 member-schools that include publicly-supported historically black colleges and universities, (HBCUs) medical schools, and law schools.  From August…

NEWPORT BEACH, Calif., Aug. 6, 2020 /PRNewswire/ — Chipotle Mexican Grill (NYSE: CMG) today announced its new real change feature on the Chipotle app and Chipotle.com will spotlight the Thurgood Marshall College Fund (TMCF), an American non-profit organization that supports and represents students attending its 47 member-schools that include publicly-supported historically black colleges and universities, (HBCUs) medical schools, and law schools.  From August 6 – 23, guests can round-up their change to the next highest dollar amount on the app or website to help drive real, meaningful change for the Black community.

To increase its diversity pipeline, Chipotle will also partner with the Thurgood Marshall College Fund to utilize TMCF’s Talent Sourcing Program to identify and develop diverse talent. With student loan debt disproportionately impacting people of color, Chipotle is easing access to a college education for its employees, launching debt-free degrees last year with 100% of tuition costs covered upfront in addition to the Company’s existing tuition reimbursement program. Intentional in its efforts to reset the organization over the past few years, Chipotle has been tracking its annual business results against its progress on diversifying its workforce, and all metrics have indicated that diversity is not only good for culture, but also business. Chipotle made a public commitment towards equality in June and continues to be transparent in its progress, providing updates here.

«It is important that we put our words into action and share our progress on combatting the injustices taking place today,» said Marissa Andrada, Chief Diversity, Inclusion and People Officer, Chipotle. «Cultivating a better world takes commitment from all of us and I’m encouraged by the accomplishments to date and eager to see how much more we can achieve together. It is imperative that we keep the conversation going.»

«We are extremely grateful that Chipotle will utilize our Talent Sourcing Program to identify talent at our member-school campuses,» said TMCF President and CEO Harry L. Williams. «Chipotle’s strong support of our mission will help us continue the critical and necessary work of ensuring that students have access to a higher education and new career opportunities.»

After introduction of the round up technology on Chipotle’s app only weeks ago, over 1.4 million guests have contributed on average $.45 with each order, totaling approximately $1,000,000, towards the first spotlight organization, the National Urban League. In June, Chipotle pledged $1,000,000 in support of organizations advocating against systemic racism, beginning with a commitment of $500,000 to the National Urban League. Chipotle will source feedback from its 91,000 employees to identify future organizations to highlight within the program.

To learn more about opportunities within Chipotle’s organization, visit https://jobs.chipotle.com/ 

ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Chipotle had over 2,650 restaurants as of June 30, 2020, in the United States, Canada, the United Kingdom, France and Germany and is the only restaurant company of its size that owns and operates all its restaurants. With more than 91,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. Steve Ells, founder and former executive chairman, first opened Chipotle with a single restaurant in Denver, Colorado in 1993. For more information or to place an order online, visit WWW.CHIPOTLE.COM.

ABOUT THE THURGOOD MARSHALL COLLEGE FUND (TMCF):
Established in 1987, the Thurgood Marshall College Fund (TMCF) is the nation’s largest organization exclusively representing the Black College Community. TMCF member-schools include the publicly-supported Historically Black Colleges and Universities and Predominantly Black Institutions, enrolling nearly 80% of all students attending black colleges and universities. Through scholarships, capacity building and research initiatives, innovative programs, and strategic partnerships, TMCF is a vital resource in the PK-12 and higher education space. The organization is also the source of top employers seeking top talent for competitive internships and good jobs.

TMCF is a 501(c)(3) tax-exempt, charitable organization. For more information about TMCF, visit: www.tmcf.org.

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SOURCE Chipotle Mexican Grill, Inc.

Nalgene Outdoor Is First to Market with Reusable Water Bottle Made from 50% Transformed ‘Trash’

ROCHESTER, N.Y., Aug. 6, 2020 /PRNewswire/ — Today, Nalgene Outdoor, maker of reusable water bottles, is first to market with a unique sustainable product made from recycled plastic waste called Nalgene Sustain.  Nalgene Sustain bottles fulfill a critical demand among eco-conscious consumers seeking more…

ROCHESTER, N.Y., Aug. 6, 2020 /PRNewswire/ — Today, Nalgene Outdoor, maker of reusable water bottles, is first to market with a unique sustainable product made from recycled plastic waste called Nalgene Sustain.  Nalgene Sustain bottles fulfill a critical demand among eco-conscious consumers seeking more impactful ways to reduce their carbon footprint. The new bottles are made from 50% certified recycled material from waste with Tritan™ Renew. This revolutionary technology rescues single use plastic materials from landfills and transforms what was once waste into safe, durable, performance-oriented recycled material ideal for reusable consumer goods.  

Nalgene Outdoor is first to market with a unique sustainable reusable water bottle made from 50% transformed 'trash," Nalgene Sustain. These new bottles are made from 50% certified recycled material from waste with Tritan™ Renew. This revolutionary technology rescues single use plastic materials from landfills and transforms what was once waste into safe, durable, performance-oriented recycled material ideal for reusable consumer goods.  The bottles, which deliver the same high quality, leak-proof, BPA- and BPS-free, food-safe bottles Nalgene consumers expect, are available now on Nalgene.com at an MSRP of $14.95

«The new Sustain line fits squarely with Nalgene’s mission: to reduce, reuse and refill all in one even more sustainable bottle,» said Elissa McGee, general manager, Nalgene Outdoor. «With a Nalgene Sustain bottle made from 50 percent recycled single-use plastic, we’ve significantly multiplied the environmental benefits of a reusable bottle without compromising the quality, function, or performance that made Nalgene famous.»

Nalgene Sustain is currently available on Nalgene.com in the seven colors of the «Inspired by Nature* Collection», all in Nalgene’s classic 32-ounce wide mouth bottle style. Starting September 8th, the bottles will be also available at all REI stores with an MSRP of $14.95. Initial colors at REI will be pomegranate, clementine and aubergine. Additional sizes and styles in the Sustain collection will debut in early 2021. The next generation of reusable bottles Nalgene Sustain delivers the same high quality, leak-proof, BPA- and BPS-free, food-safe, bottles Nalgene consumers have grown to depend on for life’s everyday adventures.

Made from Recycled Material in the USA: Making a Sustainable Choice Even More Sustainable
Refilling a reusable water bottle is an immediate reduction in waste and in one’s carbon footprint. Choosing a Nalgene reusable water bottle, which is uniquely made in the USA (sourced in Kingsport, TN and manufactured in Rochester, NY) significantly multiplies these benefits. The new Nalgene Sustain bottles offset the use of fossil fuels and lower greenhouse gas emissions even further. Each bottle is made from 50% certified recycled content** – or the equivalent of 8 single-use plastic bottles in each bottle.

Relevant for 70 Years, and Counting
Nalgene is committed to the «circular» economy, which aims to keep materials in circulation versus ending up in landfill. This commitment and the Nalgene Sustain line is the next step in an iconic product that has both stayed classic and evolved with consumer desires and environmental trends.

Nalgene established the reusable water bottle category in 1949 in a science lab in upstate New York. Since the 1970s, when Nalgene became a consumer staple, the brand has kept its simple and basic one-cap, one-bottle, design but introduced new colors and graphics to fit emerging active and green lifestyles. Now, Nalgene Sustain propels the brand’s mission forward offering consumers an even more sustainable reusable bottle and a way to actively participate in the «circular» economy, the future of recycling.

Additionally, Nalgene has a variety of large-scale partnerships with non-profits such as REVERB and mass-scale events such as Outdoor Retailer to replace single use plastic water bottles with reusable and sustainable refillable water bottles.

Product samples and high-resolution photos are available to media upon request. For more information, visit https://nalgene.com/collections/sustain/.

*Inspired by Nature collection colors include: aubergine, cerulean, clementine, melon ball, olive, pomegranate, and woodsman

**Certified recycled content allocated using ISCC mass balance

About NALGENE Outdoor
NALGENE® Outdoor Products is based in Rochester, New York. Founded in 1949 as a manufacturer of the first plastic pipette holder, the company soon expanded its product line to include state-of-the-art polyethylene labware under the NALGENE brand. By the mid-1970s, outdoor enthusiasts had discovered the taste and odor-resistant, leak-proof and rugged properties of NALGENE’s large selection of plastic containers. In response to this emerging demand, NALGENE Outdoor Products was formed and today the consumer-oriented business offers its customers a wide choice of safe, environmentally friendly, BPA- and BPS- free products that meet their lifestyle needs. For more information, contact NALGENE Consumer Products or visit www.nalgene.com.  

(PRNewsfoto/Nalgene Outdoor)

Media Contact Information:
Marcia Gray
Gray Communications/Nalgene
617-990-7720
mgray@graycreate.com

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SOURCE Nalgene Outdoor

Kiddie Academy® Provides In-Classroom Option for School-Aged Children

ABINGDON, Md., Aug. 6, 2020 /PRNewswire/ — Whether districts are implementing 100% virtual learning or allowing children to attend classes at school—or a mix of both—the back-to-school season looks very different from years past. Kiddie Academy®, a nationally recognized provider of comprehensive educational child care…

ABINGDON, Md., Aug. 6, 2020 /PRNewswire/ — Whether districts are implementing 100% virtual learning or allowing children to attend classes at school—or a mix of both—the back-to-school season looks very different from years past. Kiddie Academy®, a nationally recognized provider of comprehensive educational child care programs, is committed to supporting families whose school-aged children are distance learning by providing a safe, healthy environment where they can attend virtual sessions, do homework and connect with other students and teachers daily1.

This alternative to distance learning at home gives children support for virtual learning, the opportunity for physical activity in a safe, developmentally appropriate environment, and socialization—one of the most crucial aspects of children’s development. The full-day program includes before and after school care as well, allowing parents themselves the opportunity to work a full day without distractions and further provides the assurance they need for their children to make the most of virtual learning. Additionally, Academies are integrating their proprietary Life Essentials® curriculum—from STEM Daily Challenges to creative activities—between virtual learning times, so children have even more opportunities to keep learning and growing.

«Many parents of school-aged children are struggling with their kids not going back to a classroom for the fall semester or perhaps the entire year. For some, it is nearly impossible to remain productive working from home or returning to a physical job location, while also supervising young children during virtual school five days a week,» said Greg Helwig, CEO at Kiddie Academy. «We’re proud to offer parents a viable solution so they can do what’s best for their families. It allows both children and parents an opportunity to thrive, despite these unprecedented challenges.»

Since physical space and available resources vary by location, Kiddie Academy franchise owners will work with local public education system requirements and within local licensing regulations to offer the following benefits to school-aged children:

  • Dedicated spaces for virtual classes with reliable and secure WiFi
  • Supervised area for schoolwork completion 
  • Socialization with other school-age children
  • Resources for staff professional development 
  • Opportunities for physical activity and chances to play outdoors
  • Enhanced scheduling to ensure children are completing school assignments 
  • Keeping track of student platforms and login information 
  • Creating a reliable virtual learning environment while establishing new routines for students
  • Nutritious meals and snacks throughout the day

Kiddie Academy prides itself on its Health EssentialsSM procedures, designed to help stop the spread of infectious germs into Academies. This new program is an enhancement of the procedures already in place to help ensure children, their families and our staff stay healthy and safe. From daily health monitoring for staff and students and frequent, thorough handwashing, to strictly enforcing its illness policy for staff and students, each Academy is well equipped to ensure children and staff remain as healthy as possible.

«The health and safety of our students and families remains of paramount concern to us,» added Helwig. «Cleaning and disinfecting will be a priority, children and staff will enforce social distancing while indoors as much as possible and Kiddie Academy staff will wear masks at all times.»

In addition to the new option for children who are distance-learning, some Academies are offering full-day private Kindergarten programs, following state regulations and guidelines combined with Kiddie Academy’s proprietary Life Essentials® curriculum.

Kiddie Academy operates 260 locations nationwide. Space is limited, so check with your local Kiddie Academy for availability and to find out how it is adapting school-age classroom(s) for virtual learning this fall and if they have space available. 

About Kiddie Academy® Franchising
Kiddie Academy Domestic Franchising is based in Maryland and currently has 257+ open Academies located in 29 states and the District of Columbia. With 35 new Academies expected to open in 2020, Kiddie Academy’s network will grow to more than 280 open and operating locations this year. For more information, visit franchising.kiddieacademy.com

About Kiddie Academy® 
Since its inception in 1981, Kiddie Academy has been a recognized, national leader in educational child care. The company serves families and their children ages 6 weeks to 12 years old, offering full-time care, before-and after-school care, and summer camp programs. Kiddie Academy’s proprietary Life Essentials® curriculum, supporting programs, methods, activities, and techniques help prepare children for life. Kiddie Academy has received corporate accreditation from the globally recognized AdvancED accreditation system, signifying its commitment to quality education and the highest standards in child care. For more information, visit kiddieacademy.com or find Kiddie Academy on Facebook at Facebook.com/KiddieAcademy.

1 Program details and availability differ by location – contact an Academy near you for more information.

 

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SOURCE Kiddie Academy® Educational Child Care

Qintess Announces An Investment Of Ten Million BRL Towards Programs Fostering Entrepreneurship, Diversity And Social Innovation In Brazil

SÃO PAULO, Aug. 6, 2020 /PRNewswire/ — QINTESS, one of the top ten major IT companies in Brazil, announces an investment of R$ 10 million over the next five years to support and foster entrepreneurship, diversity, and social innovation in Brazil. Vale do Dendê, an entrepreneurial innovation center based in the city of Salvador, will be the first organization to receive funding. Resources for training and…

SÃO PAULO, Aug. 6, 2020 /PRNewswire/ — QINTESS, one of the top ten major IT companies in Brazil, announces an investment of R$ 10 million over the next five years to support and foster entrepreneurship, diversity, and social innovation in Brazil. Vale do Dendê, an entrepreneurial innovation center based in the city of Salvador, will be the first organization to receive funding. Resources for training and seed capital will be provided to young Afro-descendant-led startups and businesses focused on cultivating diversity and creating growth in this area.

This national initiative, spearheaded by Qintess, seeks to increase the number of entrepreneurs in the tech industry who are of African descent, who are from the LGBTI+ community and who are disabled, as well as from other marginalized communities. It also seeks to help small businesses make the transition to digital in order to remain viable during and after the Coronavirus pandemic. Collaborative businesses, gaming companies and digital startups will be supported with training, with global and national mentorship, as well as with access to seed capital.

Qintess has selected Vale do Dendê as their strategic partner in the social business space because of their successful track record with regard to organizing and supporting entrepreneurs from marginalized communities. They are one of Brazil’s leaders among businesses focused on social impact. Vale do Dendê focuses on the Northeast of Brazil, one of the regions currently in the most need of investment. Furthermore, this partnership will result in the establishment of new innovation hubs mirroring the ones currently in place at Vale do Dendê. These will exist in every capital where Qintess is located, including São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba and Fortaleza.

As part of this strategic partnership, Qintess will be sponsoring Vale do Dendê to ensure that the organizational culture and vision created by its founders is cultivated and given the opportunity to grow and expand. «This initiative is coherent with my philosophy. It is fundamental for the companies to develop and implement concrete actions instead of only talking about diversity and inclusion», says Nana Baffour, CEO, Chairman and Culture Chief Officer of Qintess.

Qintess’ aims to have 2,000 young people from marginalized communities virtually trained in coding (Java, .Net, and Python) within the next five years. The company also looks to accelerate 500 companies by leveraging professional mentors with great market experience as well as their relationships with investors. Fifty of these companies will have access to Qintess’ company fund of R $2.5 million as seed capital to scale their businesses.

According to Lauro Chacon, Vice-President of Qintess Human Capital, this initiative meets the company’s strategies in considering ESG practices in order to promote sustainable growth. «We are an organization oriented to people and we use best environmental, social and corporate governance practices to guide our business. When establishing a partnership such as this one, it is important to reinforce our commitment to promoting diversity, to speeding up innovation and to contributing to all of our clients, collaborators and stakeholder ecosystems, as well as to society as a whole.», he says.

Qintess’ executives and its team of collaborators will bring new digital technologies and management techniques to increase Vale do Dendê’s scalability. Valde do Dendê has been operating an acceleration program since 2018. This initiative, which operated out of a physical hub inside one of the biggest bus and subway stations in Salvador, has already benefitted 90 startup companies.

«It is a moment of celebration and pride! I have no doubts that all of the legacy built by Vale do Dendê for Salvador and Brazil’s ecosystem will be strengthened by this partnership.», says Ítala Herta, Vale do Dendê’s co-founder.

«This partnership with Qintess confirms our bet on the importance of Salvador’s outskirts in particular, and of the Northeast in general, in the development of a creative economy and of innovation in Brazil. I believe the country will not fulfill its destiny of being a great nation if it is not capable of integrating young Afro-Brazilians into sustainable development», says Rosenildo Ferreira, co-founder and Innovation and Marketing Director of Vale do Dendê. 

«We are very happy to be entering in this agreement with Qintess. We believe that because Qintess is a great technology company with great investment capacity, it can support our dream and allow it to thrive for many years, expanding on the work we have started,» says Paulo Rogério Nunes, co-founder and Executive Director of Vale do Dendê.

Teams involving Qintess’ and Vale do Dendê’s executives and collaborators are beginning their joint activities this month. The plan is to implement more than one round of acceleration and of training courses in the technology sector for young people, which will be in operation until the end of the year.

According to Roberto Silva, Qintess Regional Director for The Northeast and Minas Gerais, that partnership makes Vale do Dendê the protagonist in digital transformation for the region. «We are very proud of this partnership because we are going to bring together social entrepreneurship and cutting-edge technology to promote responsible practices.»

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SOURCE Qintess

Cape Cod Project Brings Innovation to Long-Term Care

BOURNE, Mass., Aug. 6, 2020 /PRNewswire/ — Canal Street Crossing – a private, fully permitted residential and health care development in Bourne, Massachusetts – is bringing an innovative model for long-term care to Massachusetts seniors, just…

BOURNE, Mass., Aug. 6, 2020 /PRNewswire/ — Canal Street Crossing – a private, fully permitted residential and health care development in Bourne, Massachusetts – is bringing an innovative model for long-term care to Massachusetts seniors, just as the impact of COVID-19 on this population is being fully realized.

In the US, 40% of all COVID-19 fatalities have been associated with long-term care facilities and nursing homes. In Massachusetts COVID-19 related deaths in nursing homes and long-term care facilities account for 62% of the state’s total. More than 80 long term care facilities in Massachusetts reported at least 20 resident deaths and five homes recorded more than 50 deaths each.

«We’re building a development which we believe will become a new standard for long-term care for our senior and disabled populations, one that may prevent recurrence of the tragedy we are currently witnessing,» said Bob Gendron, CEO and President of GenReal, Inc., which owns the projects.

Gendron, a Cape Cod native and a global leader in facilities management, cited the current physical environment of care in nursing homes as having a significant impact in the high infection and fatality rates. Often rooms are occupied by four residents and conventional nursing home wings can house as many as 40 residents. The common areas promote intermingling of populations sick and healthy. Medical attention is focused on immediate physical symptoms and not long-term health care management.

Canal Street Crossing takes a more innovative approach to design and management, using the nationally recognized Green House Project Model, developed in conjunction with the Robert Wood Johnson Foundation. Under this model, each elder has a private room and bathroom suite, and also encourages social interaction by bringing together 10-14 elders in homelike settings with shared space. The private suites are wired with rapid response telehealth technology and Certified Nursing Assistants manage each home on a 24/7 basis.

«As the vision came together for this project, our team knew that we needed to bring ideas at the forefront of design and care together to meet the challenges being face by our seniors,» said Gendron. «By bringing together key services, an innovative model and state-of-the art architectural design, we’ll be able to keep seniors safer and improve their overall quality of life.»

The Canal Street Crossing campus will contain 30 independent living units, 48 supportive assisted living units, 28 skilled nursing home beds and 14 memory care beds. A health care facility will be located on the campus, consisting of medical and diagnostic services as well as a full range of health care services.

GenReal, Inc., will own the project. The supportive assisted living, skilled nursing care beds and the memory unit beds will be managed by Navigator Elder Homes. A program for older adults, known as PACE, will be integrated on the campus and owned and administered by Harbor Health Services, Inc.

CONTACT:
Patrick Murphy
617-898-7985
pmurphy@cref.com

 

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SOURCE Canal Street Crossing

BTL files complaint with the U.S. International Trade Commission to seek an exclusion order to prevent the unlawful importation of infringing Cooltone and Coolsculpting products into the United States

MARLBOROUGH, Mass., Aug. 6, 2020 /PRNewswire/ — BTL Industries, Inc. («BTL»), the leading manufacturer of the EMSCULPT body-contouring device and other products for non-invasive body-shaping procedures, filed a complaint today with the United States International Trade Commission («ITC»), asking the Commission to prevent Allergan Limited, Allergan, Inc., Allergan USA Inc., Zeltiq Aesthetics, Inc., Zeltiq Ireland Unlimited Company («Allergan»), and Zimmer…

MARLBOROUGH, Mass., Aug. 6, 2020 /PRNewswire/ — BTL Industries, Inc. («BTL»), the leading manufacturer of the EMSCULPT body-contouring device and other products for non-invasive body-shaping procedures, filed a complaint today with the United States International Trade Commission («ITC»), asking the Commission to prevent Allergan Limited, Allergan, Inc., Allergan USA Inc., Zeltiq Aesthetics, Inc., Zeltiq Ireland Unlimited Company («Allergan»), and Zimmer MedizinSysteme GmbH, Germany («Zimmer») from importing products that infringe BTL’s patents into the United States. BTL concurrently filed a lawsuit with the U.S. Federal District Court in the District of Delaware against Allergan and Zimmer on the same matter.

The U.S. International Trade Commission is an independent, quasi-judicial federal agency with broad investigative responsibilities on matters that affect trade and commerce, including intellectual property infringement.

«We have asked the ITC to determine whether Cooltone and Coolsculpting products infringe BTL’s patents and, if they are found to be infringing, to issue an exclusion order barring importation of Cooltone and Coolsculpting products into the U.S., as well as issuing a cease-and-desist order prohibiting Allergan and Zimmer from selling their infringing products and their components in the American market space,» said Ron Borsheim, VP of Business Development.

BTL’s ITC complaint and Delaware lawsuit follows a lawsuit that BTL filed with the U.S. District Court in Delaware in December 2019 on similar matters.

About BTL Group:
Founded in 1993, BTL Group has grown to become an innovator and world leader in non-invasive products and treatments for the aesthetics and physiotherapy industries. With over 2,000 employees in more than 53 countries, BTL offers the most advanced non-invasive solutions for body shaping, skin tightening & other medical aesthetic treatments, including treatment of incontinence. BTL’s brands include EMSCULPT, EMSELLA, EXILIS, and EMTONE.

About Emsculpt:
BTL’s Emsculpt has been a clear innovation leader in the muscle category, revolutionizing the non-invasive body shaping market. Utilizing its proprietary high intensity focused electromagnetic energy (HIFEM®), the Emsculpt introduced an entirely new category of muscle toning and muscle strengthening to the aesthetic industry that goes beyond waistline reduction and elimination of fat cells. For more details, go to www.emsculpt.com.

 

(PRNewsfoto/BTL)

 

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SOURCE BTL

Kahn Swick & Foti, LLC Announces Pendency of Class Action Involving Purchasers of Chicago Bridge & Iron Company N.V. Common Stock

NEW YORK, Aug. 6, 2020 /PRNewswire/ —

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

)

NEW YORK, Aug. 6, 2020 /PRNewswire/ —

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

)

CASE NO. 1:17-CV-1580 (LGS)

)

IN RE CHICAGO BRIDGE & IRON 

)

COMPANY N.V. SECURITIES LITIGATION

)

)

)

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION

TO:     All those who purchased or otherwise acquired the common stock of Chicago Bridge & Iron Company N.V. («CB&I») on the New York Stock Exchange («NYSE») during a Class Period from October 30, 2013, through and including June 23, 2015 (the «Class»).

Excluded from the Class are the Defendants, officers and directors of CB&I, members of their immediate families and their legal representatives, heirs, successors, or assigns, and any entity in which Defendants have or had a controlling interest.

PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY.
YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THIS ACTION.

This Notice is being sent pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York (the «Court»), entered March 23, 2020, certifying the above-captioned action as a Class Action. This Action has not been settled and continues to be litigated. Accordingly, no claim form need be filed at this time.

If you are a member of the Class, your rights are affected by this Action, and you may have the right to participate in any recovery. You also have the right to exclude yourself from the Class in accordance with the directions set forth in a more detailed Notice of Pendency of Class Action, which was mailed separately to persons and entities identified from the records of Defendant Chicago Bridge & Iron Company N.V. as members of the Class. That Notice of Pendency of Class Action describes in more detail this Class Action and your rights with respect thereto.

If you have not received a more detailed Notice by mail, please contact:

Chicago Bridge Iron Securities Litigation
P.O. Box 3410
Portland, OR 97208-3410
Telephone: (855) 958-3609
www.ChicagoBridgeIronSecuritiesLitigation.com

Inquiries other than requests for the Notice may be made to Class Counsel:

Lewis S. Kahn, Esq.
Kahn Swick & Foti, LLC
1100 Poydras Avenue, Suite 3200
New Orleans, Louisiana 70163
Telephone: (504) 455-1400
Fax: (504) 455-1498

PLEASE DO NOT CALL OR WRITE THE COURT OR THE OFFICE OF THE CLERK FOR INFORMATION OR ADVICE.

Dated: August 6, 2020

BY ORDER OF THE COURT

United States District Court

Southern District of New York

 

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SOURCE Kahn Swick & Foti, LLC

Phoenix Recovery Academy Officially Opens Enrollment for Alternative Learning Environment

FREDERICK, Md., Aug. 6, 2020 /PRNewswire-PRWeb/ — For two years; organizers, advocates, and supporters have been tirelessly working towards opening a high school for young people who need an alternative learning environment that supports their recovery from substance use disorder. On that foundation and mission, the Phoenix Recovery Academy (operating as a program under Phoenix Foundation of Maryland) is now officially opening enrollment for the 2020-2021 academic…

FREDERICK, Md., Aug. 6, 2020 /PRNewswire-PRWeb/ — For two years; organizers, advocates, and supporters have been tirelessly working towards opening a high school for young people who need an alternative learning environment that supports their recovery from substance use disorder. On that foundation and mission, the Phoenix Recovery Academy (operating as a program under Phoenix Foundation of Maryland) is now officially opening enrollment for the 2020-2021 academic year.

«This school will be a light in the dark,» says Sara Varga, Head of School for Phoenix Recovery Academy. «Seeing the culmination of the hard work and dedication of the community volunteers, including our board members, means lives will change, and hope will be afforded to so many families worried right now,» concludes Varga.

Phoenix Recovery Academy will be accepting rolling admissions with an inaugural first day scheduled for August 31. This non-public high school will service adolescents grades 9 through 12, is tuition-based with scholarships available, and is open to students who are as serious about their education as they are about their recovery from substance use disorder.
Applications can be filled out online at http://www.phoenixrecoveryacademy.org or e-mail svarga@phoenixrecoveryacademy.org .

More on Phoenix Recovery Academy:
Founded in 2020, Phoenix Recovery Academy serves central Maryland and beyond. Located at 117 E. Church St. in Frederick, Maryland, the Phoenix Recovery Academy is the first recovery high school to serve Maryland in 20 years. The Phoenix Recovery Academy models itself as a place of education while being a critical support structure for adolescents to
succeed in their recovery from substance use disorder. Phoenix Recovery Academy and similar schools allow students an alternative to a traditional high school setting; a setting where they work towards their personal goals in recovery, while continuing their education.
Find more information online at http://www.phoenixrecoveryacademy.org.

 

SOURCE Phoenix Foundation of Maryland

Christopher House Names Ashley Vuu New Chief Talent and Equity Officer

CHICAGO, Aug. 6, 2020 /PRNewswire-PRWeb/ — Christopher House, a family of schools closing opportunity gaps for thousands of low-income majority Latino children and families in Chicago through an innovative continuum of personalized education with immersive family supports, is thrilled to announce that Ashley Vuu is joining the organization as Chief Talent and Equity Officer.

In this newly created role, Vuu will lead high-impact,…

CHICAGO, Aug. 6, 2020 /PRNewswire-PRWeb/ — Christopher House, a family of schools closing opportunity gaps for thousands of low-income majority Latino children and families in Chicago through an innovative continuum of personalized education with immersive family supports, is thrilled to announce that Ashley Vuu is joining the organization as Chief Talent and Equity Officer.

In this newly created role, Vuu will lead high-impact, people-focused strategic initiatives that not only develop Christopher House’s internal culture, but also help drive alignment with the organization’s values and vision, including a commitment to social justice, diversity, equity and inclusion.

«We couldn’t be more excited to welcome Ashley to our team,» said Christopher House Interim Co-CEO Libby Shortenhaus. «Her years of global HR leadership and expertise will be invaluable to us at Christopher House as we work to recruit and retain best in class staff, while creating a supportive, rewarding culture that places a high value on the rich diversity of our workforce and the communities we serve.»

Vuu has served as a leader for multinational workforces and large scale HR restructuring efforts. She brings more than ten years of experience in the technology industry where she’s conquered many of the issues the workforce faces today including strategic engagement and retention initiatives as well as global, federal, & state compliance.

Vuu will lead in all aspects of human capital and recruiting functions, including on-boarding and off-boarding talent, training and development, leadership and succession planning, performance management, employee compensation, benefits, employment law, compliance, employee relations and culture.

«I’m thrilled to be joining the Christopher House team and can’t wait to start doing this impactful work,» Vuu said. «I admire the crucial role Christopher House plays in closing opportunity gaps for at-risk children and families and I’m ready to help support a staff and culture that reflects the organization’s mission.»

Christopher House operates three schools – a flagship school in Belmont-Cragin, offering Christopher House’s full birth through eighth grade continuum along with parent education and support services. They also operate schools in Uptown and Logan Square offering early childhood education, after school services, and full immersive family supports. Their most recent expansion is the JoAnne L. Cicchelli Middle School – to serve 6th – 8th graders at the Belmont-Cragin campus.

About Christopher House
Christopher House is a family of schools working to close the opportunity gap for low-income children and their families from birth through high school to pursue success in school, the workplace, and life. Christopher House’s renowned continuum of education engages the entire family and works to break the cycle of poverty.

 

SOURCE Christopher House

Everest Group Projects -6% Growth, Loss of Up to Nearly $50B in Potential Revenue for Global IT Infrastructure Services in 2020 Due to COVID-19

DALLAS, Aug. 6, 2020 /PRNewswire-PRWeb/ — Everest Group now predicts the 2020 growth rate of IT infrastructure services market will be as low as -4% to -6%, which represents lost revenues ranging from US$33 billion to nearly $50 billion. In the pre-COVID-19 world, the IT infrastructure services market was slated to grow at a modest rate of 2-3%; however, the pandemic has led to uncertainties across the globe. Recovery of the market will…

DALLAS, Aug. 6, 2020 /PRNewswire-PRWeb/ — Everest Group now predicts the 2020 growth rate of IT infrastructure services market will be as low as -4% to -6%, which represents lost revenues ranging from US$33 billion to nearly $50 billion. In the pre-COVID-19 world, the IT infrastructure services market was slated to grow at a modest rate of 2-3%; however, the pandemic has led to uncertainties across the globe. Recovery of the market will depend on the COVID-19 recovery curve across different countries, which remains uncertain.

The severe demand slump being experienced in the IT services industry is reflective of the strains the COVID-19 pandemic has placed upon enterprises, including:

  • Demand reduction
  • Supply chain disruption
  • Business and service continuity challenges
  • Cybersecurity risks

Going forward, organizations that can rapidly prioritize or quickly re-energize their infrastructure transformation efforts stand the best chance of surviving the crisis and emerging stronger than before. Everest Group urges enterprises to identify relevant infrastructure transformation opportunities across workplace, cloud, network and security.

«A well-planned transformation will not only rescue enterprises in the short-term, but also revitalize them for future growth,» said Ashwin Venkatesan, vice president at Everest Group. «While infrastructure will play a key role in rescuing enterprises from this crisis, they will have to take a holistic view and focus on evolving the services delivery model, seek efficiency and optimization measures, push toward modernization and digitalization, pivot to new business models, and invest in talent of the future.

«As we emerge from this pandemic, we will enter a world of the ‘next normal’ rather than ‘return to the normal,'» continued Venkatesan. «We believe that COVID-19 will act as an inflection point, giving way to structural changes in the global services industry such as ushering in new models of delivery, enabling enterprises to pivot to ‘newer’ business models, and increasing the appetite for modernization and digital transformation.»

Everest Group provides an in-depth analysis of these new, COVID-19 inspired enterprise priorities in its recently published State of the Market Report on cloud and infrastructure services, «Combatting COVID-19 Through Infrastructure-led Transformation.» The report also provides an analysis of the IT services market; IS buyer adoption trends across geographies, industry verticals and revenue sizes; and key trends shaping the cloud and IS market. In addition, the report offers Everest Group’s outlook for the market for 2020-2021.

***Download a complimentary abstract of the report.***

IT Infrastructure Services Market Highlights

  • The United States takes the lion’s share (90%) of the deal volume emanating from North America. The United Kingdom dominates the European deals landscape with typically 30-35% of the volume, followed by Germany at 10-15%. Australia and New Zealand captured 30-35% of the deals in the Asia Pacific region.
  • Banking, Financial Services and Insurance continues to be the early adopter of technology innovation, but this market segment has witnessed growth in recent times primarily due to regulatory pressures.
  • COVID-19 has accelerated the modernization journey of enterprises to cloud.
  • Work from home has become the next normal and will be an integral part of the workplace of the future.
  • Networks are finally getting due recognition, and software-defined networking is driving growth.

***Read about the full scope and content of the report here***

About Everest Group
Everest Group is a consulting and research firm focused on strategic IT, business services, engineering services, and sourcing. Our clients include leading global enterprises, service providers, and investors. Through our research-informed insights and deep experience, we guide clients in their journeys to achieve heightened operational and financial performance, accelerated value delivery, and high-impact business outcomes. Details and in-depth content are available at http://www.everestgrp.com/.

 

SOURCE Everest Group