Monthly Archives: January 2020

Maxwell Sweeney Provides A Peek Behind the Scenes of the French Foreign Legion’s Grueling Boot Camp

CHESTERFIELD, VA / ACCESSWIRE / January 27, 2020 / Just about everyone understands that the physical rigors of boot camp – for any branch of the military – can be daunting. From the discipline required to arise at "oh-dark-thirty" every day, to the seemingly endless pushups, to the punishing slogs through rough terrain while weighted down with gear, military training asks a lot of any man or woman who undertakes it. It is, therefore, no surprise that so many would-be soldiers drop out before basic training is complete. The United States Army, Navy, and Marines report similar attrition figures, with between 11% and 14% of recruits tapping out partway through boot camp.

And then there is the four-month trip to hell and back that is the French Foreign Legion's boot camp. As a recent recruit to this legendary military organization, Massachusetts-born Maxwell Sweeney was able to experience firsthand just how intense those sixteen weeks spent at The Farm – the Legion's infamous training ground in the south of France – can be.

It takes a certain type of man to pit his wits against the Foreign Legion's basic training and come out on the other side. In fact, Maxwell Sweeney says, many American service members who have already faced the grueling demands of Marine or Army basic training – which aren't exactly a walk in the park themselves — are nevertheless unable to stick it out at The Farm.

Out of every 10 men who sign up to join this elite group of soldiers, only one will make it through boot camp. It's that rigorous.

The first four weeks, Maxwell Sweeney explains, are essentially an introduction to military life – discipline, a demanding physical regimen, and how to care for and use. Next comes a three-week stint of field training and a week's worth of mountain training, on location in the French Pyrenees. The final physical and mental obstacle is reminiscent of the famed Crucible of the Marine Corps. The French Foreign Legion's version is a 75-mile march that must be completed in three days.

After that, new Legionnaires get to take it a little bit easier – but only a little – with their last few weeks devoted to technical training, instruction in driving military vehicles, etc.

Maxwell Sweeney is currently deployed to French Guiana, but Legionnaires can be sent to roughly a dozen destinations, primarily in the Middle East and Africa. Others remain in France as part of Operation Sentinelle, which was instituted after the 2015 terror attacks that left Parisians and other French citizens reeling.

According to Maxwell Sweeney, the challenges imposed on potential Legionnaires are formidable, but so too are the rewards. One is becoming fluent in French; the recruits are given language instruction as well as picking it up through immersion. After three years' service, any member is eligible to apply for French citizenship. The incredible sense of camaraderie that develops during basic training is unlike any other relationship. Joining the French Foreign Legion – and making it through basic training – isn't accessible to just anyone. But for those who do prevail, membership in this exclusive club becomes a point of pride and a way of life.

CONTACT:

Caroline Hunter

Web Presence, LLC

+1 7865519491

SOURCE: Web Presence, LLC

ReleaseID: 574233

Adam Marcus Hendry of Tzadik Management Reflects upon 2019 and 2020 New Year’s Goals.

MIAMI, FL / ACCESSWIRE / January 27, 2020 / CEO of Tzadik Management, Adam Marcus Hendry has 15 years of progressive management experience in real estate and property management. He has led his company toward a number of significant milestones in 2019. With a new year and new decade upon us, Adam Marcus Hendry reflects upon the past year and is projecting a fine-tuned game plan to make 2020 even more successful than the last.

A fundamental goal of most businesses is to grow incrementally year to year, but few see as much success in this realm as Tzadik Management. In 2019 alone, the firm grew by over 100%! One major factor that contributed to this growth was the acquisition of several communities in the Midwest and Texas. The firm entered three new states: Sioux Falls and Rapid City in South Dakota, Houston in Texas, and Omaha in Nebraska. In total, Tzadik Management now owns and manages approximately 9,000 units in Florida, Georgia, Texas, South Dakota, Nebraska and shortly North Dakota.

Adam Marcus Hendry isn't slowing down anytime soon; the CEO says he plans to expand the company by at least twofold in 2020.

Furthermore, the company raised over $60,000,000 in equity in 2019, a truly remarkable sum for the industry and a testament to Adam Marcus Hendry's incredible business and finance acumen. As if that weren't enough to celebrate, the company possessed over $250,000,000 in total Capital as of Dec. 31, 2019.

To meet increasing demand and ensure his 200+employee workforce has ample space to do their magic, Adam Marcus Hendry invested in new office space in 2019 as well. This will be particularly helpful to accommodate growth in residential and commercial markets, as Tzadik Management began due diligence for commercial real estate acquisitions with the intent to expand into the commercial realm in the near term.

Adam Marcus Hendry is renowned in his field for his intellect, drive, innovation, and company culture management style. Based in Miami, Florida, Tzadik Management has managed over $1 billion apartment complexes and nearly 20,000 units in more than 20 states since its 2007 inception. More recently, Tzadik Management has acquired more than 2,000,000 square feet of commercial real-estate in Florida and South Dakota.

An avid practitioner of the "continuous improvement mindset," Adam Marcus Hendry continues his commitment to "building performance-focused organizations through the development of people, processes, and culture" with the goal of moving his company toward a bright future.

CONTACT:

Caroline Hunter

Web Presence, LLC

+1 7865519491

SOURCE: Web Presence, LLC

ReleaseID: 574241

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sterling Bancorp, Inc. – SBT

NEW YORK, NY / ACCESSWIRE / January 27, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Sterling Bancorp, Inc. ("Sterling" or the "Company") (NASDAQ:SBT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Sterling and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On December 9, 2019, Sterling Bancorp disclosed that its subsidiary, Sterling Bank and Trust, FSB, had suspended its Advantage Loan program due to an ongoing internal review of documentation on past loans and due to an implementation of "systems and controls to ensure the Bank's policies and procedures are followed on loans originated under the program."

On this news, Sterling Bancorp's stock price fell $2.16 per share, or 22.86%, to close at $7.29 per share on December 9, 2019.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 574257

IMPORTANT FEBRUARY DEADLINE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Baozun Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 27, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Baozun Inc. ("Baozun" or "the Company") (NASDAQ:BZUN) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between March 6, 2019 and November 20, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before February 10, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. One of Baozun's largest brand partners, Huawei, paid it add-on fees other partners did typically not pay, increasing the Company's revenues. This arrangement boosted the Company's revenues in the first half of 2019, only to abruptly drop them as Huawei restructured its online merchandising in the second half of the year. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Baozun, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 574250

Armada Releases Q2 2020 Results

MISSISSAUGA, ON / ACCESSWIRE / January 27, 2020 / Armada Data Corporation (TSXV:ARD) reports its interim financial results for the quarter ended November 30, 2019 have now been filed on SEDAR and are available to view on SEDAR at www.sedar.com and the company's web site www.armadadata.com.

Selected Quarterly Information

Fiscal Year

2020

2020

2019

2019

2019

2019

2018

2018

2018

Quarter
Ended

Nov-30
2019

Aug-31
2019

May-31
2019

Feb-28
2019

Nov-30
2018

Aug-31
2018

May-31
2018

Feb-28
2018

Nov-30
2017

Total Revenue

974,475

775,200

713,646

718,174

704,521

748,287

684,745

738,576

750,684

Comprehensive
Income(loss) before taxes

81,648

97,865

(85,663)

1,617

(30,407)

91,679

(35,922)

51,455

166,313

Comprehensive
Income(loss) per share

$0.01

$0.01

$(0.01)

$0.00

$0.00

$0.01

$0.00

$0.00

$0.01

Operations

The Company's total revenue increased 38% in the three months ended November 30, 2019 to $974,475 from $704,521 in the same period a year earlier. Comprehensive income increased to $81,648 in this quarter, from $(30,407)at November 30, 2018.

The Insurance Services division experienced a 24% increase in revenue, from $369,291 in the three months ended November 30, 2018 to $456,700 in 2019.

The CarCostCanada division (combining the former Retail, Dealer and Advertising divisions) revenue was up by 70% for the period ended November 30, 2019, to $459,938 from $270,820 during the period ended November 30, 2018.

The Information Technology division revenue decreased by 10% to $57,837 in the second quarter of fiscal 2020 ended November 30, 2019, from $64,410 in the same quarter in fiscal 2019. IT continues to offer technical support and web site hosting to hundreds of customers, and is developing new customer relationships on a regular basis, as well as offering new services for sale.

Expenses in this first quarter of fiscal 2020 before amortization, interest and stock-based compensation, increased to $852,614, compared to $712,286, a 20% increase over the same period last year.

Accounts receivable increased 7% to $527,047 as at November 30, 2019, compared to $491,406 as at November 30, 2018. Related party accounts receivable decreased from $6,048 to $5,670.

Accounts payable increased 47%, to $348,768 as at November 30, 2019 from $236,899 a year earlier. There was $6,143 in Related parties accounts payable as at November 30, 2019 and nil as at November 30, 2018.

The Company's deficit decreased to $(791,341) as at November 30, 2019, compared to $(872,128) as at November 30, 2018. Earnings per share at November 30, 2019 are $0.01, versus $0.00 at November 30, 2018.

In July 2018, the Company signed a contract with a mobile app development company for the creation of an all new iOS and Android mobile app for the Company's website, CarCostCanada.com. The contract amount is estimated to be approximately $105,600, once fully complete and operational. The Company has paid $95,600 in deposits prior to November 30, 2019. The balance of $10,000 is payable prior to the end of the current fiscal year. Once fully operational, the software will be presented as a category within property and equipment.

Management does not plan on issuing any dividends until further notice.

Revenues earned by divisions are as follows:

 

3 months ended
November 30, 2019

 

3 months ended
November 30, 2018

 

Insurance Services

$ 456,700

 

$ 369,291

CarCost Canada

459,938

 

270,820

Information Technology

57,837

 

64,410

Total revenue – Armada Data Corp

$ 974,475

 

$ 704,521

Outlook

The Company's outlook is to continue to increase sales, update and improve our data services products and deliver significantly better results to our shareholders by way of the following:

Develop a new, targeted CarCostCanada digital, video and traditional marketing campaign to enhance product and brand awareness to more Canadian new car buyers.
Forge new CarCostCanada marketing partnerships that focus specifically on Canadian new car buyers and convert these buyers to CarCostCanada members.
Continue to build out the CarCostCanada new car dealership network and strive to monetize over 80% of our members and introduce additional product offerings to our member-base.
Maintain and improve our relationships with some of the largest insurance companies in Canada and partner with some of these organizations to produce new products and services for their client base.
Sign on one or two additional Canadian insurance companies to become Armada Insurance Services clients.
Introduce a new CarCostCanada Member Services product that caters specifically to our insurance company clients.

About Armada Data Corp.

Armada Data is a Canadian publicly traded Information & Marketing Services Company providing accurate and real-time data to institutional and retail customers, through developing, owning and operating automotive pricing-related web sites and providing information technology and marketing services to its clients.

Armada Data shares are listed on the TSX Venture exchange under the trading Symbol ARD. Armada currently has a total of 17,670,265 shares outstanding.

Additional information relating to Armada Data Corporation is filed on SEDAR, and can be viewed at www.sedar.com.

For further information, please contact:

Armada Data Corporation
Mr. R. James Matthews, President & CEO
Email: investors@armadadata.com or investors@armadadatacorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Armada Data Corporation

ReleaseID: 574244

IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Forescout Technologies, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 27, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Forescout Technologies, Inc. ("Forescout" or "the Company") (NASDAQ:FSCT) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between February 7, 2019 and October 9, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before March 2, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Forescout suffered from significant volatility related to large customer orders and poor execution on deals in the pipeline, especially in EMEA. These problems were likely to have a material impact on the Company's financial results. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Forescout, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 574240

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Landec Corporation – LNDC

NEW YORK, NY / ACCESSWIRE / January 27, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Landec Corporation ("Landec" or the "Company") (NASDAQ:LNDC). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Landec and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On January 2, 2020, Landec disclosed investigations by the U.S. Securities & Exchange Commission and Department of Justice regarding "potential environmental and Foreign Corrupt Practices Act (‘FCPA') compliance matters associated with regulatory permitting" at a manufacturing plant in Mexico owned by Yucatan Foods, which Landec acquired in December 2018.

On this news, Landec's stock price fell $1.14 per share, or 10.21%, to close at $10.03 per share on January 3, 2020.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 574255

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Provident Financial Services, Inc. – PFS

NEW YORK, NY / ACCESSWIRE / January 27, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Provident Financial Services, Inc. ("Provident" or the "Company") (NYSE:PFS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Provident and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On April 27, 2018, Provident released its financial results for the first fiscal quarter of 2018, disclosing "deterioration in selected commercial credits, including a $15.4 million credit to a commercial borrower" that had filed for bankruptcy in March 2018. Provident further disclosed that the Company had established a $2.5 million specific reserve for this impaired loan.

On July 5, 2018, Provident disclosed that the Company expected an additional reserve would be required for the remaining balance of the previously disclosed $15.4 million credit, and that its net income for the quarter ended June 30, 2018 would be reduced by up to $9.3 million, after tax, or up to $0.14 per diluted share.

Then, on July 27, 2018, pre-market, Provident released its financial results for the second fiscal quarter of 2018, disclosing that two additional loans from another commercial borrower became impaired during the quarter, leading to a net charge-off of $4 million. Provident's Chairman, President, and Chief Executive Officer ("CEO"), Christopher Martin ("Martin"), stated that the losses "were primarily driven by two commercial relationships which we believe involved borrower fraud in each instance."

On this news, Provident's stock price fell $1.46 per share, or 5.27%, to close at $26.23 per share on July 27, 2018.

Later, in December 2019, certain Provident emails were made public during the course of litigation in New York state court, which indicated that Provident was aware of the fraudulent nature of and/or risks posed by at least one of its failed loans. Specifically, Provident executives and top-level management, including CEO Martin, seemingly ignored multiple red flags regarding a potential loan to Lotus Exim International ("Lotus") before ultimately extending a $17 million loan to Lotus.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 574254

FINAL DEADLINE IMMINENT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Net 1 UEPS Technologies, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 27, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Net 1 UEPS Technologies, Inc. ("UEPS" or "the Company") (NASDAQ:UEPS) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between September 12, 2018 and November 8, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before February 3, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. UEPS failed to maintain effective controls on financial reporting. The Company misclassified its investment in Cell C Proprietary Limited. The Company's financial statements for fiscal year 2018 overstated its income. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about UEPS, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 574253

IMPORTANT FEBRUARY DEADLINE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Correvio Pharma Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 27, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Correvio Pharma Corp. ("Correvio" or "the Company") (NASDAQ:CORV) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between October 23, 2018 and December 5, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before February 10, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Correvio's resubmission of a New Drug Application ("NDA") for Brinavess did not address significant health and safety issues observed in the Company's first NDA for the drug. The failure to minimize these problems significantly decreased the chances of the FDA approving Brinavess. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Correvio, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 574251