Monthly Archives: August 2020

Medical Companies Can Promote Product Innovation Through Newswire’s Market Builder

NEW YORK, NY / ACCESSWIRE / August 12, 2020 / ​​​There has been no shortage of innovation in the era of COVID-19, as hundreds of medical manufacturers have developed unique products for consumers looking to slow the transmission potential of the virus. Newswire's Market Builder is a strategic tool for CEOs and CMOs seeking omni-channel digital marketing solutions for product promotion campaigns and lowering costs per customer acquisition. The comprehensive approach to media and marketing communications strategy strengthens trust with prospective and existing customers to enhance the overall reach of new product launches.

According to an article published by the Harvard Business School, medical institutions have developed and implemented new products and technologies that specialize in mitigating contagion risk. Examples of such products include robotic delivery and maintenance systems, drone programs that distribute disinfectant, and smart helmets that can identify individuals with fever within a five-meter radius. As businesses ranging from small medical firms to publicly traded corporations continue to innovate in an effort to provide solutions to consumer struggles, Newswire's Market Builder offers a proven system designed to enhance thought leadership and brand awareness. By doing so, brands can capture more mindshare to compete and win through increased sales and profits.

"The Market Builder is a program that elevates brand awareness through strong messaging and effective outreach," said Erik Rohrmann, Newswire's Senior Vice President and Chief Operating Officer. "Our team of Earned Media Advantage Strategists works to position our customers as subject matter experts to demonstrate their deep understanding of their industry and vertical. This helps establish our customers as authoritative information resources in their respective industries."

Newswire works closely with company marketing and communications teams to improve content development, distribution, and outreach processes. The strategists work as extensions of in-house teams at a fraction of the cost of competing services.

"As a Market Builder customer, you get expert insight from our team of strategists in addition to the powerful technology that Newswire has to offer," said Patrick Santiago, VP of Customer Success. "Because our team is able to manage campaigns using our own comprehensive software, we can amplify campaign production for our customers to maximize their chances for success."

Newswire's Earned Media Advantage Guided Tour Market Builder provides integrated media and marketing communications programs aimed to support business growth by increasing site traffic, qualified leads, and lower the cost of new account acquisition. By driving qualified leads that can be converted to sales, medical companies can get ahead of the COVID-19 rush as consumer demand for vaccines and personal protective equipment increases. In addition to the Market Builder, Newswire's Sales Accelerator add-on to the program can help shorten the time to engage with new leads at scale and generate market interest from prospective customers.

Learn how Newswire's Earned Media Advantage Guided Tour Market Builder can help your brand get ahead of consumer trends with impactful campaigns for product launches and more.

About Newswire​

Newswire delivers press release and multimedia distribution software and services (SaaS) that empower the Earned Media Advantage: greater brand awareness, increased traffic, greater return on media and marketing communications spend and the competitive edge. With over a decade of experience, Newswire continues to provide its customers with the ability to deliver the right message to the right audience at the right time through the right medium.​

To learn more about how Newswire can help you, visit http://www.newswire.com.

Contact Information:

Charlie Terenzio
VP of Earned Media Advantage Business
Newswire
Office: 813-480-3766
Email: charlie@newswire.com

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SOURCE: Newswire

ReleaseID: 601355

Meet WGRT, A DeFi Token Deflationary of 10% Market Circulation Rate

3 Token Model vs 4 Risk Defensive Mechanisms

HONG KONG, CHINA / ACCESSWIRE / August 12, 2020 /The token of 3 token model of WaykiChain DeFi ecosystem, which, if you might know, is similar to MakerDao, but in a certain advanced version with its 4 risk defenses mechanism: over collateral, risk pooling, liquidation and emergency circuit breaker.

WGRT, as one of the tokens in 3-token model is its governance token. It's price raises in ways including: lending interests and the penalty insolvency system liquidation.

Meet WGRT, Deflationary Token Burn

How WGRT Price Raises

It might be a bit complex to recognize these terms if you are not a DeFi player or to say participate,so to put it in this way, WGRT is a token that's be used to govern the system stay stable and balanced. When the case is WaykiChain DeFi operates in a normal and healthy way, when the system is being liquidated, the penalty will be used to repurchase the WGRT in the market and burn it. So in a long term it is a deflationary token.

WGRT Market Circulation Rate Less Than 10%

When we look into the distribution diagram of WGRT you may finds out it is a token that highly controlled by the team lockup.

The distribution of WGRT total circulation supply is shown as below:

Excluding some part of marketing budget, all the other distribution parts are locked up. So that is to say the circulating WGRT in the market is actually less than 10%.

High Interests & Low Thresholds: Sustainable WaykiChain DeFi

So do you remember the collapse of compound first listing on Coinbase? Holders of COMP through yield earning finally got a chance to trade or sell out their yield. Then the price has been dramatically dropped that effect a lot of farmers. The unlimited yield farming is indeed a fair influx of shilling to let the users bear the risk of the system. While the escalating farming, being aware of the whale is the most dangerous concern of the DeFi users.

In this case, the design of the WaykiChain Governance token WGRT could be called really delicate and smart.

The team uses ways of super nodes and Private placement as well as the lockup airdrop to remain the control in decentralized way while realize the risky whale's irrational sellout to balance the sustainability of the DeFi Ecosystem.

Expanding Liquidity: 2 Continues Exchange Listing

To increase the liquidity of the ecosystem, WGRT has been listed on two Exchanges now including OkEx.

The Spiral Raising Loop: WGRT vs WaykiChain DeFi

With the certain surging market value, WGRT is backed up with more value to support the DeFi system and to expand the recognition of the WaykiChain DeFi branding. And WaykiChain DeFi ecosystem could gain more adoption both through a healthy governed system by WGRT. Hence WGRT price will raise by the healthy WaykiChain DeFi Ecosystem through both interests and penalty and keeps going to promote Ecosystem and vice versa forming a spiral raising loop.

Cutting-edge Solid Public Chain Technology Loop on DeFi

WaykiChain has already upgraded it public chain into Version 3, featured with 5300 Transaction speed, WASM virtual machine and Cross- chain technology.

All-in One WaykiChain Based DeFi

Be Aware of Money LEGO Collapses

The experimental ETH based DeFi platform is like a huge casino without a universal rule to manage to keep them in an certain order. They once the various project battling for traffic, the slow ETH can not afford the conflicts and conjunction.

Integrated DeFi: Fast, Safe & Smooth User Experience

WaykiChain- based DeFi Ecosystem integrates decentralized exchange, lending CDP and liquidation insurance all together, builds up an all-in-one DeFi ecosystem accesses the investors industry in and out a fair chance with low threshold and high interests through its solid blockchain technology.

Physical Use Launch

W-Broker, Singapore Based Securities Firm

So far, WaykiChain DeFi has already been enabling massive users worldwide benefit from Cross-border investment of stocks of US and Hong Kong. The cooperation with Singapore based Security firm W-Broker since 2019 is a strategic success of WaykiChain accesses users the fair chances to the high threshold investment by removing the complex process of accreditation, and high costs of middleman. Investors industrial ins and outs are no longer limited to their countries' wealth creation.

Avione Jet & Hotel

WaykiChain DeFi also collapses with Avion Jet , a Private Jet renting company with its global business covering around Hong Kong, Singapore, the US, Dubai and Europe.

As the smoothie planing going forward of real estate in Vietnam, Hotel is one-step ahead utilizes WaykiChain DeFi to reach out the public in a real world through blockchain decentralized technology for whom cannot wait to enjoy a summertime holiday in Europe through WaykiChain DeFi with a favorable 20% off discount.

Media Contact

Company Name:WaykiChain
Person: Lois White
marketing@waykichainhk.com
86-19806715656
Website:www.waykichain.com

SOURCE: WaykiChain

ReleaseID: 601347

MEMRI Publishes In-Depth Study About the Qatari Arabic-Language News Channel Al-Jazeera

WASHINGTON DC / ACCESSWIRE / August 12, 2020 / On August 12, 2020, the Middle East Media Research Institute (MEMRI) published a new in-depth study about the controversial Qatar-based and -owned Arabic language news channel Al-Jazeera, titled Al-Jazeera Unmasked: Political Islam As A Media Arm Of The Qatari State. The study is based on MEMRI's 22-year unmatched database on the channel.

Written by MEMRI Vice President Alberto M. Fernandez and MEMRI TV Director Yotam Feldner, both of whom have decades of experience in researching Arabic-language media, the detailed study examines Al-Jazeera's editorial slant and coverage over the past two decades years, looking at questions of editorial independence, at its coverage of global jihadi movements, of the U.S. and Israel, and at the issue of antisemitism on the channel.

Heavily illustrated and accompanied by an index of over 700 video clips from Al-Jazeera and over 100 reports from Arab media about Al-Jazeera, the study will generate discussion on the role of this highly influential channel in fomenting turmoil in an already troubled and volatile Middle East.

Media can submit requests to receive the full report and index of primary sources by emailing media@memri.org.

ABOUT MEMRI

Exploring the Middle East and South Asia through their media, (MEMRI) bridges the language gap between the West and the Middle East and South Asia, providing timely translations of Arabic, Farsi, Urdu-Pashtu, Dari, Russian and Turkish media, as well as original analysis of political, ideological, intellectual, social, cultural, and religious trends.

Founded in February 1998 to inform the debate over U.S. policy in the Middle East, (MEMRI) is an independent, nonpartisan, nonprofit, 501(c)3 organization. MEMRI's main office is located in Washington, DC, with branch offices in various world capitals. MEMRI research is translated into English, French, Polish, Japanese, Spanish and Hebrew.

Please support MEMRI today to help us continue to provide such timely translations and research. Your donation is 100% tax-deductible. You may donate online at www.memri.org/donate, mail a check to MEMRI, P.O. Box 27837, Washington, DC 20038-7837, or phone us at 202-955-9070.

MEMRI – Middle East Media Research Institute: www.memri.org

MEMRI TV – www.memri.org/tv

Jihad & Terrorism Threat Monitor (JTTM) – www.memri.org/jttm

Cyber & Jihad Lab (CJL) – www.memri.org/cjlab

MEMRI In the Media – Www.memriinthemedia.org

Contact Information:

MEMRI
media@memri.org
202-955-9070
www.memri.org

SOURCE: Middle East Media Research Institute

ReleaseID: 601502

Real Time Warehouse Management System For Distributors And 3PLs Launched

A Denver-based industry leading innovator has developed a warehouse management software (WMS) that can improve workflows, reduce labor costs, and increase the profitability of logistics firms.

Denver, United States – August 12, 2020 /PressCable/

Warehouse technology specialist Cadre Technologies has launched a warehouse management system designed to improve the operations of distributors, 3rd party logistic firms (3PLs), and manufacturers.

More information is available at https://www.cadretech.com

The system called Cadence is a real-time warehouse management system (WMS) software that is capable of organizing inventory, orders, shipments, and workflows. According to Cadre, the system is sophisticated enough to direct and control the operations of even the most complex logistics business models.

Companies can utilize Cadence in high-volume and multi-channel fulfillment distribution. The system can match inventory to orders and to distribution centers, stores, and consumers. Its capabilities include inbound orders, inventory, warehouse operations, shipping, reporting, and even interactions with other systems like ERPs.

Moreover, Cadence works on Microsoft technology platforms, offering flexibility to the user. It can deliver actionable information to users through wireless computers, scanners, desktop applications, and web-based dashboards.

In addition, it can help warehouse managers and distributors optimize the space in warehouses by making processes more efficient which can increase the warehouse’s capacity and improve profitability.

Cadence has been tested by a number of major 3PLs. One of the most recent ones was Bonded Logistics, a 3PL firm based in Charlotte, NC. Bonded Logistics experienced high labor costs, decreasing productivity, and unmet service level agreements (SLAs) for one of its biggest accounts.

In response, Cadre Technologies worked with Bonded Logistics in adding additional features to Cadence, which reduced picking time (the time spent searching for an item on a shelf) by 25%. This allowed Bonded Logistics to reduce the manpower needed to maintain the account to 49 from 90, and they were able to meet its SLA.

The global demand for warehouse management systems (WMS) like Cadence is rising amid the coronavirus pandemic, according to MarketsandMarkets. The market research firm found that the pandemic has given an “impetus” to the growth of e-commerce and 3PL industries, which in turn increased the demand for warehousing.

It reported that companies are now setting up new warehouses in various countries to accommodate the demand, and this has boosted the need for warehouse management systems like the one Cadre offers. MarketsandMarkets expects the warehouse management systems industry to grow by 16% over the five years to 2025.

Headquartered in Denver, Colorado, Cadre Technologies provides warehouse management software solutions for fulfillment, logistics, and manufacturing companies. It is currently the largest 3PL software provider in North America.

More information can be found at https://www.cadretech.com/resources/white-papers-case-studies/bonded-logistics or at the URL above.

Contact Info:
Name: Daryl Grove
Email: Send Email
Organization: Cadre Technologies
Address: 7900 East Union Avenue Suite 1007, Denver, CO 80237, United States
Phone: +1-303-217-7030
Website: https://www.cadretech.com/

Source: PressCable

Release ID: 88972456

Author, Entrepreneur, and Spoonie. How Kelly “Nerdzilla” Mendenhall Is Changing Healthcare For Women Everywhere

VANCOUVER, BC / ACCESSWIRE / August 12, 2020 / The trip to the doctor's office is seldom a fun one. There's the troublesome task of finding parking, which though innocuous, can often be tedious and attached with a price tag many wish could be claimed through medical coverage. Then there's the waiting room, an adventure that, at times, can take hours. Followed by a probe into medical history, a frustrating experience for those routinely attempting to gain a diagnosis for an unsolved medical issue. And let's not forget the inquiries into lifestyle choices, including sexual orientation and weekly beverage consumption habits, the latter of which often leading to scalable humiliation for those tasked with attending a number of birthday parties and bachelorettes in months leading up to the visit. Honesty may be the best policy, but it can create crimson cheeks when attempting to justify lifestyle choices to a medical professional.

Then there's the whole matter of what motivated the trip to the doctor's office in the first place. It takes a unique character to wake up in the morning and spontaneously say, "Hey, this morning feels like a good day to make a futile trip to the doc's office!" The real world isn't Grey's Anatomy, the floors of an average medical facility aren't crawling with Hollywood verified arm candy, therefore the dream of running into McDreamy is (hopefully) not a driving factor into medical visits. More often than not, a trip to the doctor's office is prefaced by serious health and wellness concerns that require a professional and trusted diagnosis. The question is then begged, what would be the motive behind making up the severity of legitimate symptoms only to endure scrutiny?

Medical Gaslighting

This is the question that Kelly "Nerdzilla" Mendenhall has been battling since 2017 both on her own behalf and on the behalf of other women who, like herself, have been denied adequate medical attention from physicians who believe their patients to be making false claims. Mendenhall refers to this as Medical Gaslighting, defined as physicians "…manipulating a patient into thinking that they are exaggerating their own condition, causing a patient more and prolonged pain, putting their well-being or even their lives at risk." Mendenhall further stresses the impact of Medical Gaslighting in stating that, "Both anecdotal and legal studies suggest that the mistreatment and neglect of female patients reporting pain to medical professionals is not the exception, but the rule. It has got to stop."

Self-titled as "Nerdzilla", Mendenhall's personal medical nightmare fueled her to begin her battle against Medical Gaslighting. The inspiring author, entrepreneur, and spoonie spent the early part of her adulthood chasing the American Dream, making safe choices to help her realize that dream. After receiving a Bachelor's in Science and a Masters in Public Administration from Eastern Michigan University, Mendenall relocated to Tennesse in 2013 in pursuit of professional fulfillment. Satisfied with her professional and personal life, Mendenhall was well on the road to realizing the "American Dream" she sought, only to be swept off course in 2017 when her medical disability made it impossible for her to continue her traditional 9-5 job, rendering her primarily housebound.

The onset of Mendhenall's medical ailments exposed her to the previously unknown world of medical gaslighting. In April of 2017, Mendenhall began experiencing debilitating lower back and leg pain, launching her medical nightmare. "The hardest part of my medical journey is how many doctors told me, ‘That can't be happening,' or ‘There's no reason you should be feeling that way,'" she recalled in regard to the responses she would get from physicians after describing to them her symptoms, sparking her initial exposure to the world of Medical Gaslighting.

A Diagnosis

Mendenhall commented that "In a period of 7.5 months, I saw one general practitioner, three orthopedic surgical specialists, a pain management specialist/anesthesiologist, and one emergency physician." Despite the mass amount of medical professionals assigned to Mendenhall's case, she was repeatedly told that she, "… simply couldn't be experiencing things like loss of feeling in my entire left leg, chronic sciatica so severe and debilitating that I could not stand, lay, or sit, without pain reaching a 10 on a 1-10 pain scale, chronically." In the eighth month of Mendenhall's medical journey, she finally saw a neurologist who immediately referred her to a pain intervention specialist. This referral provided the desperately needed answer to the chronic and immobilizing pain Mendenhall had been battling for the better part of the past year, which was diagnosed as an uncommon neuromuscular disorder known as Piriformis Syndrome.

As relieving as the diagnosis was, it also conjured immense frustration for Mendenhall who had been enduring inexplicable pain for close to a year due to a medical issue her physicians failed to take the steps to uncover. "The problem was that they refused to look at my whole spine," recalled Mendenhall, "they would only look at my lumbar spine, anytime I would request that they scan my whole spine they'd refuse it." Had Mendenhall received the full spine scan at the onset of her symptoms, the drastic impact on her livelihood could have been spared, including her job loss and having to go on social assistance in an effort to support herself as she battled her undiagnosed pain. There is never a good person to medically gaslight, but Kelly Mendenhall was the WRONG person to medically gaslight. Following her experience, she's become an advocate for other women who, like her, are facing medical blockades resulting from physicians failing to believe them.

One Woman's Fight For All Women's Medical Rights

In 2018, Mendenhall published an article titled "Women Do Experience Severe and Chronic Pain," drawing attention to the maltreatment of women in pain within the medical system. Her article unveiled that "…legal and anecdotal research repeatedly demonstrates that women are overwhelmingly treated with less urgency, less compassion, and even receive less medication than men when complaining of pain." During her experience as a patient with chronic and undiagnosed pain, Mendenhall recalled that it was often implied "…that I was lying, implied that I was drug seeking, but then when I would refuse narcotics and opioids, then they would say, ‘oh it must not be that bad.'" Her choice to avoid inherently addictive medication fostered greater skepticism from the medical community that was responsible for supporting her.

Her article further pulled on a study finding that "…women are more likely to have their pain discounted by medical professionals as ‘emotional', or ‘psychogenic', and therefore, ‘not real.'" To this, Mendenhall has created some tips and tricks to help women combat such scrutiny, "I make hand-stitched Christmas stockings for all my nieces and nephews, so I started to bring them with me to appointments. The medical staff would look at me and all my tattoos in one regard, and then I'd show them my stitching and their whole demeanor would change, they'd start to actually look into my case." Through this simple trick, Mendenhall was able to inspire greater attention from the medical staff treating her. Additionally, she noted that often women do not get the treatment they deserve because they "look fine," which for many women is a learned trait fostered to take on daily demands with grace, yet in this scenario, Mendenhall found presenting as "fine" was a hindrance as opposed to a benefit.

Author

Despite the hardship that she had to endure amongst her medical journey, Mendenhall managed to find the silver lining of her circumstance, claiming she "… became reacquainted with her former, creative self and dreamt again of becoming a published writer" when she found herself unemployed, housebound, and in need of a new project. Today, the poster-child for resiliency is using her talent as an author to both tell her story, as she did in her first book, Skin in the Game: The Stories My Tattoos Tell, and to provide advice and a voice for other women experiencing medical gaslighting in her upcoming book, The Medical Gaslighting Project, set to be published early 2021.

The Medical Gaslighting Project draws attention to the severity of Medical Gaslighting, which Mendenhall notes is responsible for killing and disabling women every day. The book draws on personal anecdotes and interviews from over 40 women who have experienced Medical Gaslighting firsthand, backing these testimonials with statistics and data from several legal and clinical studies in the medical field. Both Mendenhall's gift as a skilled and creative writer as well as her passion for ending the practice of Medical Gaslighting proves to make the book a must-read for not just women, but for all, as Medical Gaslighting impacts the friends, families, and communities of its' victims.

When asked what her goal was from publishing The Medical Gaslighting Project, Mendenhall stated that "My goal is to raise awareness about Medical Gaslighting and how hard it is for women seeking treatment for chronic pain and invisible illness. Knowledge isn't enough, though. Once we are all more educated about the implicit bias against women reporting pain in Western Medicine (almost entirely linked to deep-seated patriarchy and a belief that anyone with a uterus is hysterical), we must institute change."

She further elaborated that "Women will keep dying. They will continue to experience sometimes permanent disability and radical loss of quality of life unless we stop it. That's why I share my story so transparently and in such great detail. I write and talk about Medical Gaslighting with anyone who will listen. I am writing The Medical Gaslighting Project and creating the accompanying podcast. Sometimes, you have to be the change you want to see in the world. I'm here to educate, advocate, and be an agent of change. And it's not just about changing the culture of the western medical industry; it's about teaching women how to be their own best advocates."

Kelly "Nerdzilla" Mendenhall is providing a voice for countless women who have been told time and again that their pain is not real. She is not allowing the trauma of her own experience to deter her from driving home her agenda, but is instead using it to fuel her fight for proper recognition for women everywhere living with unrecognized and undiagnosed pain. Today, she shares the lessons she's learned from this experience as both a public speaker and through her powerful coaching program, teaching her following how to overcome embrace adversity.

Media Contact
Company Name: Mindful Media PR
City: West Vancouver
State: BC
Country: Canada
Website: www.mindfulmediapr.com
Email: info@mindfulmediapr.com
Phone: 672-999-8882

SOURCE: Mindful Media PR

ReleaseID: 601496

Victory Resources Announces Closing of the First Tranche of Common Share Unit Non-Brokered Private Placement

VANCOUVER, BC / ACCESSWIRE / August 12, 2020 / Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce the closing of the first tranche of its previous announced non-brokered common share unit financing. The Corporation raised gross proceeds of $1,571,050 through the sale of 20,947,332 equity units. The placement consists of units priced at $0.075 each, with each unit consisting of one share and one warrant exercisable for 2 years from closing at an exercise price of $0.10. After this issue, the Company will have 40,272,415 shares issued and outstanding.

Securities issued on this closing shall be subject to resale restrictions to December 13, 2020. A total of $28,615 and 610,453 finders' warrants were issued to two finders on this transaction. The finders' warrants are on the same terms as the warrants forming part of the units. Insiders participated in respect to 186,666 units.

The Corporation intends to use the proceeds for general working capital, acquisitions and a work program on the Company's existing exploration B.C. property and any additional properties the Company may acquire.

For further information, please contact:

Ivy Lu
Investor Relations
David Lane, President
Telephone: +1 (236) 317 2822\
E-mail: IR@victoryresourcescorp.com

About Victory Resources Corporation

VICTORY RESOURCES CORPORATION (CSE: VR) is a publicly traded diversified investment corporation with mineral interests in North America. The company is also currently seeking other exploration opportunities, preferably in Canada.

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

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Victory Resources Corporation

ReleaseID: 601498

ALICORP S.A.A.: Alicorp Second Quarter 2020 Consolidated Financial Statements

LIMA, PERU / ACCESSWIRE / August 12, 2020 / Alicorp S.A.A. ("the Company" or "Alicorp") (BVL: ALICORC1 and ALICORI1) announced today its unaudited financial results corresponding to the Second Quarter 2020 (Q2 '20). Financial figures are reported on a consolidated basis and are in accordance with International Financial Reporting Standards ("IFRS") in nominal Peruvian Soles, based on the following statements, which should be read in conjunction with the Financial Statements and Notes to the Financial Statements published at the Peruvian Securities and Exchange Commission (Superintendencia del Mercado de Valores – SMV).

FINANCIAL HIGHLIGHTS

Consolidated Revenue decreased 7.6% YoY in Q2 '20, while Volume decreased 6.6% YoY, as a result of i) an 8.7% YoY decrease in the Consumer Goods Peru business, due to restrictions in production capacity, ii) B2B (-22.9% YoY), as a result of the closing of restaurants, and iii) Aquafeed (-12.8% YoY), explained by an aggressive competitive environment as lower shrimp prices put pressure on our clients' cost structures. These effects were paritially offset by growth in i) Consumer Goods International (+8.6% YoY) and ii) Crushing (+3.4% YoY).
Gross Profit decreased 9.3% YoY, while Gross Margin decreased 0.4 p.p. compared to Q2 '19 mainly explained by the impacts of COVID-19 on the top line, as well as i) a change in product mix in our B2B unit, ii) higher COGS related to COVID-19, and iii) higher prices of soybean and palm oil in our Consumer Goods Peru and B2B units.
EBITDA decreased 5.3% YoY, mainly explained by the impacts of COVID-19 on the top line, as well as in COGS and SG&A expenses, which resulted in a YoY reduction in EBITDA in our CGP, B2B and Aquafeed business units. These effects were partially offset by a solid performance in our CGI unit, as a result of volume growth across all geographies, in addition to a strong YoY recovery of the Crushing business.
Net Income totaled S/ 84 million in Q2 '20 (-20.3% YoY), explained by i) lower consolidated operating profit, and ii) foreign exchange losses due to higher FX volatility.
Earnings per Share (EPS) decreased from S/ 0.122 in Q2 '19 to S/ 0.096 in Q2 '20.
As of June 2020, Net Debt[1] reached S/ 3,190 million, a S/ 161 million decrease from December 2019, mainly explained by an improvement in our operating cash flows (led by working capital efficiencies). This allowed us to improve our leverage indicators measured by the Net Debt-to-EBITDA ratio, which showed a decrease from 2.41x[2][3] as of December 2019 to 2.21x[4] as of June 2020.

RECENT EVENTS

The Company launched/revamped 27 products or lines, 10 in Consumer Goods International, 8 in Consumer Goods Peru, 8 in B2B and 1 in Aquafeed.
In the Q2 '20, Alicorp was recognized by "Consultora Arellano" in its "Marcas 2020" report as one of the Top 10 Top-of-mind brands for peruvian consumers. Moreover, our brands "Don Vittorio", "Primor", "AlaCena" and "Nicolini" stood out among the Top 10 most consumed and preferred brands by Peruvians. In addition, our brands "Sapolio", "Bolivar", "Opal" and "Patito" stood out among the most consumed and preferred brands in the Home Care platform.

For a full version of ALICORP's Second Quarter 2020 Earnings Release, please visit:

https://www.alicorp.com.pe/en/investors/financial-information/

Conference Call

Alicorp S.A.A. (BVL: ALICORC1 and ALICORI1)

Second Quarter 2020 Earnings Conference Call

Date: Thursday, August 13, 2020
Time: 12:00 p.m. Eastern Time
11:00 a.m. Lima Time

Presenting for Alicorp:
Mr. Alfredo Perez, Chief Executive Officer
and other members of the senior management team

To access the call, please dial:
From the U.S.: 1-877-830-2576
From Outside the U.S.: +1-785-424-1726
Conference ID: ALICORP

Alicorp's 2Q20 Results will be accompanied by a webcast presentation
available at: https://webcasts.eqs.com/alicorp20200813/en

INVESTOR RELATIONS CONTACT

Investor Relations Team
T: (511) 315-0800 Ext.444411
E-mail: investorrelations@alicorp.com.pe

About Alicorp

Alicorp is a leading Consumer Goods company headquartered in Peru, with operations in other Latin American countries, such as Argentina, Brazil, Bolivia, Chile, Ecuador, and exports to other countries. The Company focuses on four core businesses: (1) Consumer Products (food, personal and home care products), in Peru, Brazil, Bolivia, Argentina, Ecuador, Colombia and Chile, among other countries, (2) B2B Products (industrial flour, industrial lard, pre-mix and food service products), (3) Aquafeed (fish and shrimp feed) and (4) Oilseeds crushing (soybean and sunflower) which is part of the vertically-integrated consumer business in Bolivia. Alicorp has over 7,600 employees in its operations in Peru and international subsidiaries. The Company´s common and investment shares are listed on the Lima Stock Exchange under the ticker symbols ALICORC1 and ALICORI1, respectively.

DISCLAIMER

This Earnings Report may contain forward-looking statements concerning recent acquisitions, its financial and business impact, management's beliefs and objectives with respect thereto, and management's current expectations for future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words "anticipate," "may," "can," "plans," "believes," "estimates," "expects," "projects," "intends," "likely," "will," "should," "to be," and any similar expressions or other words of similar meaning are intended to identify those assertions as forward-looking statements. It is uncertain whether the events anticipated will transpire, or if they do occur what impact they will have on the results of operations and financial condition of Alicorp or the Consolidated Company. Alicorp does not undertake any obligation to update the forward-looking statements included in this press release to reflect subsequent events or circumstances.

[1] Net Debt is Financial Debt less cash and cash equivalents as of June 2020 and includes the effect of IFRS 16.
[2] Net Debt-to-EBITDA ratio as of December 2019 excludes the effect of LTM impairments for S/ 37 million.
[3] Net Debt-to EBITDA ratio as of December 2019 includes Intradevco in the last 12 months.
[4] Net Debt-to-EBITDA ratio as of June 2020 excludes the effect of LTM impairments for S/ 85 million.

SOURCE: ALICORP S.A.A.

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Meet The CEO Of True Life Ventures: Mike Ashabi Shares His Story

.NEW YORK, NY / ACCESSWIRE / August 12, 2020 / Mike Ashabi is changing the game to provide better service to his clients through his two business pursuits: True Life Ventures, a consulting agency that specializes in life and business coaching of which Mike is the CEO, and The One Connection Network, a network Mike founded to create convenience in the marketplace.

The One Connection Network allows business owners and entrepreneurs to get things done all in one place rather than having to go to different resources, making the marketplace convenient. In one place, they have all the information and resources to do promotion, content creation, sales training, software, and anything else business owners need.

"When running a business, entrepreneurs and business owners have to go down many different avenues and talk to many different people to get things done for promotion, advertising, PR, lead generation, funding, etc.. That's why I created The One Connection Network to build a business." Mike states.

Moreover, Mike understands that what works for some entrepreneurs and business owners does not necessarily translate to work for all.

"I realized that most coaches are just selling their strategies on what made them successful but what I've observed over the last few years is that what works for one person does not work for another. People don't have the same tools, resources, or financial abilities as another person does." Mike shares.

In order to tackle this reality, Mike wanted to connect with his clients to better understand their situation and tailor solutions for them, allowing for more successful outcomes.

"I wanted to change the game and get directly involved with my clients, learn about their situation and where they want to go, and develop strategies with them that they can effectively execute within the means of the tools, resources and financial abilities that they have." Mike explains.

Through Mike's businesses, he is able to communicate and connect with people. He talks with his clients to learn about their current situation and where they want to go, to make sure he can help them get there in the best way possible.

"I like helping my clients know what they need to do with what they have at their disposal in order to achieve their goals by taking what seems complex to them and showing them the simplicity in what needs to be done. As well as helping them identify their why and their pain points which need to be attached to their goals." Mike shares.

Mike understands the struggles his clients go through. He dropped out of college three times, moved from state to state, went through a breakup and got fired from a high-paying sales job all before starting his own business.

"I was telling myself that I was never going to reach rock bottom, and when I hit it and knew what it felt like, I knew that other people were going through the same thing. That is the moment i wanted to be a voice for others to help them realize their own self worth as well as understand that they can create the future they want." Mike recalls.

It was after working for a tree removal company for 10 months, working five months in the financial industry, and working 10 months for free as a sales manager for a franchise branch that Mike started to turn his life around and focus his efforts toward the coaching business.

"I had a lot of connections with some big names as well as a good sense of how things worked in the business coaching industry. This is when I started looking at the coaching industry and seeing what was missing." Mike recounts.

Mike discovered that the missing piece was tailored coaching: most coaches act as if there was a one-size fits all solution that worked for everyone, but this is not the case. Mike and his team work to figure out their clients' goals and their "why", and put together a daily routine for them to execute. This method gives his clients small wins in order to have a sense of fulfillment.

"We also identify the strengths and weaknesses of an organization in various departments, in order to strategize solutions on weak points while having the organization hyperfocus on their strengths." Mike states.

Mike also helps clients understand the correlation between what happens in their personal life and how it could affect them in their professional life. This differentiates him from his competition.

"Most coaches keep life and business coaching separate, but I combine the two to get the client the best possible results. I want to be known for helping individuals get the results they desire in their personal and professional life as well as assist them to develop their self worth!" Mike explains.

Finally, Mike knows that the difference between a leader and a boss is that a leader cares about the people that are with him rather than only caring about himself. This is the approach Mike carries through to both his businesses, True Life Ventures and The One Connection Network.

Find out more about Mike on his website and Instagram.

CONTACT:
Paula Henderson
202-539-7664
phendersonnews@gmail.com

SOURCE: VIP-Media

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Bexil Corporation Announces Second Quarter 2020 Financial Results

NEW YORK, NY / ACCESSWIRE / August 12, 2020 / Bexil Corporation (OTC PINK:BXLC) ("Bexil" or the "Company") today reported its financial results for the second quarter ended June 30, 2020.

For the three months ended June 30, 2020, Bexil recorded net income attributable to Bexil shareholders of approximately $1.46 million or $1.74 of diluted earnings per share, compared to net income attributable to Bexil shareholders of approximately $0.45 million or $0.50 of diluted earnings per share for the three months ended June 30, 2019.

For the six months ended June 30, 2020, Bexil recorded a net loss attributable to Bexil shareholders of approximately $4.01 million or $4.88 per share compared to net income attributable to Bexil shareholders of approximately $2.60 million or $2.88 of diluted earnings per share for the six months ended June 30, 2019.

The Company's book value per share attributable to Bexil shareholders at June 30, 2020 was $21.86, based on shareholders' equity attributable to Bexil shareholders of approximately $17.9 million and 822,132 shares issued and outstanding.

The Company's unaudited consolidated balance sheet, statements of comprehensive income (loss), and statements of cash flows as of and for the six months ended June 30, 2020 are appended to the copy of this press release on www.Bexil.com.

Effects of COVID-19 on the Company

To the extent COVID-19 has caused prices of publicly traded securities generally to decline in 2020, it has indirectly impacted the Company's financial condition and results of operations because the Company's assets are substantially invested in such securities and revenue from its operations are largely dependent on the value of gross assets under management invested in such securities. The full impact of COVID-19 on the Company's financial condition and results of operations is uncertain and cannot be predicted at the current time as it depends on several factors beyond the control of the Company including, but not limited to the uncertainty around (i) the severity and duration of the outbreak, (ii) the effectiveness of the U.S. public health response, (iii) the pandemic's impact on the U.S. and global economies, (iv) the timing, scope, and effectiveness of additional governmental responses to the pandemic, (v) the timing and speed of economic recovery, including the availability of a treatment or vaccination for COVID-19, and (vi) the impact on financial markets. Due to these and similar factors, on May 19, 2020 a Company affiliate (the "Borrower") entered into a Paycheck Protection Program Term Note ("PPP Note") on behalf of itself and certain of its affiliates, including the Company (collectively, the "Affiliates"), under the Paycheck Protection Program of the recently enacted Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). Interest accrues on the PPP Note at the rate per annum of 1.00%. The Borrower may apply for forgiveness of the amount due on the PPP Note which is anticipated to be an amount equal to the sum of eligible payroll, mortgage interest, rent, and utility expenses incurred by the Affiliates during, at the Borrower's discretion and whichever is most advantageous, either the eight weeks or twenty-four weeks (the "Covered Period") following disbursement under the PPP Note. To the extent the PPP Note is forgiven, and legal release is received, the Company expects to record a gain in an amount proportionate to its share of such eligible expenses incurred during the Covered Period. On May 19, 2022, all accrued interest that is not forgiven shall be due and payable.

About Bexil Corporation

Bexil is primarily engaged through a wholly owned subsidiary in investment management. To learn more about Bexil, including Rule 15c2-11 information, please visit www.Bexil.com.

Safe Harbor Note

This release may contain certain "forward looking statements" within the meaning of federal securities laws including, but not limited to the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Bexil, which may cause the Company's actual results to be materially different from those expressed or implied by such statements. The Company may also make additional forward looking statements from time to time. All such subsequent forward looking statements, whether written or oral, by the Company or on its behalf, are also expressly qualified by these cautionary statements. Investors should carefully consider the risks, uncertainties, and other factors, together with all of the other information included in the Company's Annual Report, at http://www.bexil.com/cautionary-language.html, and similar information. All forward looking statements made herein are only made as of the date of this release, and the Company undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.

The Company views book value per share, a non-GAAP financial measure, as an important indicator of financial performance. Presented in conjunction with other financial information, the combined presentation can enhance an investor's understanding of the Company's underlying financial condition and results from operations. The definition of book value as presented in this press release is shareholders' equity attributable to Bexil shareholders divided by currently issued and outstanding shares.

Contact:

Thomas O'Malley
Chief Financial Officer
1-212-785-0900
tomalley@bexil.com
www.Bexil.com

SOURCE: Bexil Corporation

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How To Ditch the Nine-to-Five Mentality and Achieve True Financial Freedom According to Kevin David

SAN JOSE, CA / ACCESSWIRE / August 12, 2020 / Most people still work the traditional 9-5 (or 8-5). And while that route brings security, many people become disillusioned over time. "It's not what they signed up for," says Kevin David, a long-time entrepreneur and proponent of setting your own hours.

Two weeks of vacation doesn't make up for micromanaging bosses, being paid less than you're worth, and the sneaking suspicion that you didn't really need your degree for this. "More and more people are moving away from traditional job structures. Working your way up the ladder isn't the only option anymore – people can sense there's a better way," says Kevin David. "Freelancing or starting your own business is becoming the new norm."

Hundreds of thousands of people working from home or losing their jobs entirely due to the pandemic have hastened this revolution even further. In 2014, freelancers made up about 14% of the working population. Now, the entrepreneurs and freelancers account for 35% of the workforce – and that number is growing daily!

But how can you turn a side-hustle into a full-time career that's capable of replacing the money, benefits, and security of your current nine-to-five career? Kevin David has a few tips.

Grow Your Freelancing Business Simultaneously Advises Kevin David

"It's easy to give advice like ‘Just quit! You'll be fine!', but the reality is a lot more difficult for most people," says Kevin David. "People have to pay their mortgages, take care of their kids, feed their pets. That's why my advice is that it's usually best to have at least a small financial foundation built before you quit the grind."

If you have the kind of job that only takes you three hours a day to complete and then you're mindless with boredom – that's fantastic! Now you have something to fill those hours. Start writing or coding or editing photos or whatever it is that you are longing to pursue.

But if you have a more consuming or difficult job (or if you are closely monitored by your company and/or boss), you're going to have to sacrifice your after-work and weekend hours at first. "Think of it as an investment," advises Kevin David. "It's going to suck, but try to envision how good it will feel to quit once you're making enough money to leave the terrible position you're currently in."

To help get you through the double grind, set a timeline for yourself. For example – you can leave your job in six months if you hit your financial goals. It will give you a sense of urgency to have a deadline as well as a sense of relief that soon you won't have to be working a double load. Tell your friends or your spouse about your deadline so someone is helping to hold you accountable.

Kevin David Urges You to Figure Out Your "Why"

"I meet so many people who want to ditch the nine-to-five and set their own schedule," says Kevin David. "But you'd be shocked how many of them come up blank for a minute when I ask them why."

Kevin believes that to successfully change the way you work, you have to be able to turn to your big why and let it guide you when the road gets rough. Maybe you want to spend more time with your kids. Maybe you want to retire early and travel. Maybe you're not a morning person and you just want the freedom to wake up and start your day at ten if you so choose.

"Whatever your big ‘Why' is, find it, define it and use it to motivate yourself," says Kevin.

Make the Leap Says Kevin David

Moonlighting and working on your side hustle is great, but it's not the place you're meant to be forever. "The goal is not to have two jobs forever. That's even worse than before," says Kevin David. "At some point, when you've saved and you have clients lined up and you feel pretty good about it… commit. You have to take that final leap of faith to be free. You will never feel completely ready – it's freaking terrifying! But once you've met your goals, you have to trust yourself and try. The alternative is living in that cubicle for the rest of your life."

Kevin David has been an entrepreneur since the tender age of fourteen. He had a brief stint as a corporate accountant and even worked at Facebook for a while. But there was always a nagging sense that he could be doing more with his life than making money for other people. Once he stumbled across Amazon FBA and launched his first product, he knew his life would never be the same. Now Kevin David travels the world, holding workshops and conferences to help people who want to break free and become their own bosses.

CONTACT:

Kevin David
kevin@officialkevindavid.com
1-800-425-2401

SOURCE: Kevin David

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