News Hub | News Direct

All Industries


Article thumbnail News Release

Haiti's Last Stand: International Cooperation to Reclaim a Nation

Johann Marx

With a complex crisis threatening the nation's stability and security, the future of Haiti is at a critical juncture. The fundamental rights and protection of Haitian citizens are increasingly under threat by the proliferation of gang violence, rampant corruption, and severe economic challenges. The government of Haiti is increasingly calling for the support of the international community to take a coordinated approach to address these challenges; however, due to the failure of past international interventions and other geopolitical factors, the international community has been slow to respond. The initial financial support and focus on peacekeeping missions may prove futile if not supported by long-term security reform initiatives that weed out corruption and the underlying social and economic issues that fuel instability. Over the past five years, Haiti has seen an alarming surge in gang-related activities. The capital, Port-au-Prince, is now home to over 95 gangs, part of the estimated 200 gangs operating across the country. These criminal organizations have entrenched themselves deeply within Haiti's political, economic, and critical infrastructure. The gangs now control vital resources such as ports, airports, and major transportation routes (Global Initiative Against Transnational Organized Crime, 2021). Their expansion is fueled by a range of illicit activities, including narcotics trafficking, human trafficking, arms smuggling, extortion, and political corruption (U.S. Department of State, 2021). The situation is further degraded by the corruption of Haitian politicians, wealthy families, border officials, and even members of the HNP who collude with various gangs to achieve their objectives. The Narcotics Trade and Regional Connections Haiti's strategic location in the Caribbean has made it a key transit point for the international narcotics trade, connecting South American suppliers with markets in North America and Europe. The country's porous borders and weak law enforcement have allowed criminal organizations to use Haiti as a hub for smuggling cocaine from Colombia and cannabis from Jamaica. These drugs often make their way through Haiti to neighboring Dominican Republic, the United States, and Western Europe (UNODC, 2020). The profits from this trade not only fuel gang activities within Haiti but also have destabilizing effects across the region. Arms Trafficking and International Implications Arms trafficking is another critical issue exacerbating violence in Haiti. The majority of firearms in the country are illegal and often sourced from the United States. These weapons, including high-powered rifles such as AK-47s, AR-15s, and more sophisticated high-caliber weapons, provide the gangs with a strategic advantage over the HNP. These weapons find their way into Haiti through both legal and illegal ports, as well as across poorly monitored borders (UNODC, 2020). Human Trafficking: A Global Crisis Human trafficking, particularly the trafficking of children, is a devastating consequence of Haiti's instability. The country has become both a source and a destination for victims of trafficking, including children exploited for forced labor and sexual exploitation. Natural disasters, such as the 2010 earthquake and Hurricane Matthew, have left many children orphaned or displaced, making them easy targets for traffickers. These children are trafficked to the Dominican Republic and other neighboring countries, where they are subjected to horrific abuses (U.S. Department of State, 2021). Combatting human trafficking in Haiti requires a multi-layered approach, including more robust border controls that include surveillance programs, enhanced victim identification and support services, and international cooperation to dismantle trafficking networks. A Proposed Strategy Toward Security and Judicial Reform A multifaceted approach is necessary to move forward, combining immediate security interventions with long-term structural reform initiatives. Ideally, this will require a Haitian-led International Joint Operational Task Force, supported by a Fusion Center, to gather intelligence. The task force would bring together diverse skills, including current or former law enforcement personnel and intelligence operatives with a successful track record in combatting gang-related crime. The task force's composition would include experts in counter-narcotics, human trafficking prevention, financial crime investigation, case management, profiling, interdiction, and cybersecurity. By integrating these capabilities, the task force will address the complex and interrelated challenges posed by Haiti's criminal networks. Former interventions and support by neighboring countries and the international community lacked the required longevity and sustainability. History has proven that previous temporary victories achieved by The United Nations Peacekeeping Forces have had a pendulum effect after their extraction from the country. While these efforts have brought temporary relief, they did not address the deep-rooted issues that perpetuate instability and violence. Without integrating other intelligence and law enforcement initiatives, a peacekeeping force focused primarily on reestablishing order cannot dismantle the complex criminal networks that fuel Haiti's crises. A more sustainable and coordinated approach is necessary—one that emphasizes actionable intelligence gathering to produce accurate data and robust criminal case evidence. This strategy would significantly enhance the success rate of prosecutions, ensuring that criminals are apprehended, convicted, and sentenced appropriately. To support this approach, a comprehensive transformation of Haiti's Criminal Justice System is essential, including the establishment of a special court dedicated to prosecuting cases related to organized crime, gang violence, and corruption. The special court would enable expedited approvals for warrants and court orders, ensuring the task force runs an effective and responsive program. Additionally, with an expected increase in the incarceration of criminals, rigorous capacity planning for the Correctional Services system is crucial. The initiative will require expanding prison facilities, improving conditions, and implementing rehabilitation programs to reduce the likelihood of repeat offenses. This multifaceted strategy would address the symptoms and causes of instability, ensuring a holistic approach to security reform and paving the way for long-term peace and security in Haiti. According to a former Chief of the HNP, previous counter-narcotics programs supported by Haitian allies led to significant successes. However, intelligence gathered within these interventions was not retained after the completion of the program and the subsequent extraction of the international counter-narcotics personnel. For this reason, a major key-critical success factor is establishing an Operational Fusion Center, a technology-rich hub equipped with a multi-mission platform that enables actionable intelligence gathering, data processing, and analysis. The platform will serve as the central gang repository for tactical and strategic situation monitoring, with automated after-action reports and evidence collection that increases the long-term success rate of prosecutions. Mission platforms of this nature serve as an evidence repository supported by advanced technology integration capabilities such as offensive cybersecurity, drone surveillance, geolocation tools, profiling and link analysis, social media monitoring, dark web analysis, and links to criminal and financial databases. Creating a comprehensive gang database provides actionable intelligence packages that would allow for precisely targeting and dismantling these criminal networks, leading to a sustainable impact for Haiti. Continuous monitoring of all law enforcement personnel is required to ensure that there are no links to gangs or potential weak points for exploitation, extortion, and corruption. This will include all HNP staff, port security personnel, and special units, as well as the careful selection and isolation of all Haitian staff involved in the Task Force. Combatting the Financial Power of Gangs Gangs in Haiti are heavily reliant on the proceeds of narcotics trafficking, human trafficking, arms smuggling, and other illicit activities. In collaboration with Haitian authorities, the international community should prioritize the seizure of assets linked to these activities while implementing rigorous financial investigations and asset confiscation programs and establishing specialized legal teams to ensure successful prosecutions. Overcoming criminal syndicates of this nature requires an intense drive to combat corruption and choke the source of their supply lines – the income that fuels and strengthens their expansion. Reestablishing Control Over Critical Infrastructure Gaining control over Haiti's critical infrastructure is essential for restoring order and stability. Law enforcement and interdiction personnel must secure ports, airports, and primary and secondary transportation routes to prevent the movement of illicit goods and the further entrenchment of criminal networks. The operational approach would require comprehensive security assessments and the deployment of advanced detection technologies, including container scanners, body scanners, and surveillance systems. Additionally, the regular vetting and monitoring of port and airport staff would help prevent corruption and ensure the integrity of operations. International Case Studies: Lessons from El Salvador and South Africa In the broader context of addressing gang violence, the approach of President Nayib Bukele in El Salvador offers a perspective worth studying. His approach to deploying military forces and his administration's aggressive tactics in implementing stringent security measures have significantly reduced crime. While these actions have effectively restored order, they also raise concerns about potential human rights violations and the erosion of democratic principles (BBC News, 2023). Bukele's methods highlight the importance of swift and decisive action for Haiti, where the situation is equally dire. This example underscores the delicate balance required in Haiti, where any intervention must be part of a broader, more holistic, and sustainable approach to security and development. The Scorpions unit, formally known as the Directorate of Special Operations (DSO) in South Africa, was a highly effective law enforcement agency established in 1999 to combat organized crime and corruption. The unit quickly gained a reputation for its rigorous investigations and successful prosecutions of high-profile cases. One of its most notable successes was the investigation and trial of Schabir Shaik, a businessman with close ties to former Deputy President Jacob Zuma. The Scorpions uncovered a complex web of corruption, leading to Shaik's conviction on fraud and corruption charges in 2005 (Smith, 2009). This case also laid the groundwork for subsequent legal proceedings against Zuma himself. Additionally, the Scorpions were instrumental in dismantling several drug trafficking syndicates and uncovering widespread corruption within government ranks, demonstrating the unit's effectiveness in targeting organized crime and public sector corruption. Despite its eventual disbandment in 2009, the legacy of the Scorpions remains a testament to the power of a dedicated, multi-disciplinary approach to law enforcement. The question remains whether a government thwarted with corruption will allow the establishment of a task force that will shine a spotlight on their illicit dealings. A Shared Responsibility for Change The crisis in Haiti represents a test of the international community's commitment to peace and security. It demands urgent and sustained action. By adopting a comprehensive strategy that addresses the immediate security threats and the underlying causes of instability, the international community can help Haiti chart a course toward recovery. International collaboration with regional organizations like the Caribbean Community (CARICOM) and international bodies like INTERPOL, INL, DEA, FBI, USAID, and the United Nations is essential for a coordinated response. As we confront Haiti's challenges, the question remains: Are we, as a global community, prepared to take the necessary steps to break the cycle of violence and instability, or will we allow this crisis to deepen? The future of Haiti depends on the collective efforts of those with the expertise, resources, and commitment to drive meaningful change. If you or your organization possess the capability to contribute positively—whether through strategic partnerships, financial support, or specialized knowledge in security, justice, or humanitarian efforts—your involvement could be pivotal in shaping a secure and prosperous future for Haiti. We invite you to reach out and explore how you can play a crucial role in this mission. Johann Marx Chief Investment Officer| The Studebaker Group Email: corporate@studebaker.group Web: http://www.studebaker.group/ References U.S. Department of State. (2021). 2020 Country Reports on Human Rights Practices: Haiti. Retrieved from https://www.state.gov/reports/2020-country-reports-on-human-rights-practices/haiti/ Global Initiative Against Transnational Organized Crime. (2021). Haiti: Gangs, Organized Crime, and the Political Crisis. Retrieved from https://globalinitiative.net/analysis/haiti-gangs-organized-crime/ Caribbean Financial Action Task Force (CFATF). (2019). Mutual Evaluation Report: Haiti. Retrieved from https://www.fatf-gafi.org/en/publications/Mutualevaluations/Mer-haiti-2019.html United Nations Office on Drugs and Crime (UNODC). (2020). Mapping Trends in Firearms and Drug Trafficking in Haiti. Retrieved from https://www.unodc.org/unodc/en/firearms/haiti-report.html BBC News.(2023). El Salvador's Gang Crackdown: A Deep Dive into President Bukele's Controversial Approach. Retrieved from https://www.bbc.com/news/world-latin-america-63793652 Contact Details Studebaker Group Johann Marx corporate@studebaker.group

September 23, 2024 05:02 PM Eastern Daylight Time

Image
Article thumbnail News Release

The Justice Collaborative Streamlines Quick Background Checks with New Tool

UpVenturemedia

In August 2024, The Justice Collaborative (TJC) introduced its background check tool. This online resource allows individuals across the United States to search public records quickly and easily. Based on the latest research, the global background check market was valued at USD 4,714.39 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.42%, reaching USD 6,469.16 million by 2028. As demand for fast and reliable background checks grows, this tool offers a simple solution for verifying information, reconnecting with old friends and ensuring personal safety. In this era of technological advancements, where everything is digitized, the ability to conduct online background checks is very useful. People conduct millions of checks each year to verify identities, confirm details, and ensure security in various relationships. These tools help users reconnect with friends, check on new neighbors, join online dating with peace of mind and identify inconsistencies in their own records. The Justice Collaborative’s Background Check tool meets this growing need. It provides nationwide access to public records at no initial cost, making it a valuable resource for confirming basic information efficiently. Its user-friendly interface is designed for everyone, even those with limited technical skills. This tool stands out for its accessibility and simplicity. This tool is straightforward, unlike many other services that charge expensive fees or are complicated to navigate. Depending on their needs, users can perform checks from the comfort of their homes without the need for costly services or time-consuming processes. This level of accessibility ensures that everyone can make informed decisions, whether they’re reconnecting with old friends or ensuring the safety of their communities. “Our mission is to empower individuals with the information they need to make informed decisions” The Justice Collaborative team said. “This tool will simplify the process of verifying public records and boost users' security and peace of mind. We believe accurate and timely information is crucial today.” The Justice Collaborative is a well-regarded resource in the legal field. Their team of media and legal professionals is dedicated to making complex legal information clear and accessible. They share relevant information with a strong focus on clarity and accuracy, helping individuals navigate legal matters confidently. TJC’s Background Check tool is the best choice for those needing quick and reliable access to public records. Its easy-to-use design and nationwide reach make it a valuable asset for ensuring personal safety and making informed decisions. Visit their website today to start using and enjoying the benefits of this essential tool. Disclaimer: Some background check sites are for personal use and basic searches. Others, such as those used by employers, must comply with the Fair Credit Reporting Act (FCRA). This law limits the information accessible. If you’re using a background check for professional purposes, ensure the site complies with FCRA. Using non-FCRA-compliant sites for screening tenants, domestic workers, or employees is illegal. The information on our website may not be fully accurate, complete, or up-to-date. It should not replace your own due diligence, especially if you have concerns about someone’s criminal history. Contact Details UP Venture Media Jon Torres team@upventuremedia.com Company Website https://upventuremedia.com/

September 23, 2024 10:18 AM Eastern Daylight Time

Article thumbnail News Release

AI Unpacks Generational Stereotypes, Highlighting Key Differences, but Beer Bridges the Gap

AIport

What happens when you ask generative AI models to depict Baby Boomers, Gen X, Millennials, and Gen Z? You might expect tech-challenged Boomers and avocado-loving Millennials. But what you get is far more interesting and in some cases, unexpected. A joint research project conducted by AIport and Turing Post last month analyzed over 1200 AI-generated images across four different models—Stable Diffusion, Midjourney, YandexART, and ERNIE-ViLG. The findings have revealed both familiar stereotypes and surprising quirks about how AI perceives these generations. Sad Boomers, Happy Zoomers? Contrary to the carefree Boomer stereotype, AI models like Midjourney depict Baby Boomers as introspective, or even somber, often bundled up and gazing wistfully into the distance—a reflection, perhaps, of their disillusionment with the unfulfilled ideals of the 1960s cultural revolution. However, the ERNIE-ViLG model, likely trained on datasets with a more collectivist cultural slant, shows 93% of Boomers smiling. This fascinating contrast underscores the cultural differences embedded in different AI models. Meanwhile, Gen Z’s images are vibrant and diverse, reflecting their reputation as a generation that embraces individuality, inclusivity, and self-expression. The AI-generated images depict Zoomers in colorful, highly detailed scenarios, making them the most visually distinct generation in the study. Generations Through the AI Lens The research explored how generations are portrayed in five key aspects of life: identity, relationships, work, lifestyle, and consumer habits. The AI models revealed consistent patterns and stereotypes; for example, males predominated in the depictions of Boomers and Gen Xers across all four models, while many images of Millennials and Zoomers showed greater diversity and more female representation. Surprisingly, Gen X appears to be the least well-understood generation by AI, characterized by fewer defining features compared to all other generations, likely due to the limited amount of training data available. The one stereotypical Gen X leitmotif that AI consistently identifies is their fondness for flannel shirts—an unmistakable symbol of the 1990s grunge scene worn by Gen Xers who were rebellious teenagers and young adults during that era. As for one (un)expected commonality… It’s beer. Whether they’re Millennials job-hopping or Boomers reminiscing about the good old days, AI consistently showed beer in 34% of the produced images across all generations. Prompt Engineering and AI Insights The prompts for this research were carefully crafted to avoid bias, using neutral phrases like "A Millennial at work" or "A Boomer relaxing." The results offer a telling look at how generative AI models mirror societal stereotypes, often shaped by the data they're trained on. These findings open the door to deeper discussions on how AI reflects, and sometimes distorts, cultural narratives. "Whether we think we can learn about generations from these images depends upon how confident we feel that the training data that went in is an accurate image of the self identity of a group,” explains Senior Engineer and Sociologist Stephanie Kirmer, who analyzed the findings. “For the younger sets, I don’t think we can know how much of it is media representation created by people outside the group versus how much is selfie-style personal expression. Some of what we’re getting, especially for the older groups who don’t contribute as much self-generated visual media online, is perceptions of that group from advertising and media, which we know has inherent flaws." About the Study The study examined the outputs of four globally recognized generative AI models, each with distinct aesthetic and cultural nuances, providing a comprehensive look at how each generation is portrayed visually. The selected models included Stable Diffusion, Midjourney, YandexART, and ERNIE-ViLG, offering diverse perspectives from different regions across the globe. Conclusion Whether confirming or contradicting societal stereotypes, AI-generated images provide a fascinating snapshot of how technology interprets generational differences. The fact that beer remains a unifying theme across all four models shows that, no matter our age, some things—like enjoying a cold one—transcend generational divides. To learn more about the project, visit https://www.aigenerations.tech/. Hero images for the media: Google Drive Link About AIport AIport is an emerging community of AI/ML enthusiasts and practitioners with a goal of providing a truly global view of the AI/ML/DS landscape. https://www.blog.aiport.tech/ About Turing Post Turing Post is everything you need to make smarter decisions about AI. https://www.turingpost.com/ Contact Details Nick Leighton nick.leighton@nettresultsllc.com Company Website https://www.aigenerations.tech/

September 23, 2024 10:00 AM Eastern Daylight Time

Article thumbnail News Release

Xtreme Trucking Selects HOPTEK’s Dispatch Engine® Solution for Real-Time Visibility and Optimization of Fleet Operations

Hoptek

HOPTEK, a global leader in AI-driven trucking and fleet transportation solutions, has been selected by Xtreme Trucking of Wisconsin, one of the U.S.’s leading technology-first transportation and logistics providers, for its Dispatch Engine® solution, a digital platform providing instant visibility and access to the spot load market, while matching available carrier capacity across thousands of possible options. HOPTEK’s “digital twin” will provide real-time visibility and enable Xtreme to boost operational efficiency and fleet utilization, while reducing driver turnover and deadhead miles, resulting in material cost savings and profitability. Started as a small independent operation in 2006, Xtreme Trucking was formally established in 2009 to become a quality diversified transportation provider, with a growing revenue profile and extensive coverage across the United States. Through HOPTEK’s Dispatch Engine®, Xtreme has leveraged real-time data visibility and dynamic decision-making to drive operational velocity to achieve up to a 20% increase in both Revenue per Hour and Weekly Revenue Miles per Driver – a clear competitive advantage. Travis Nelson, President and Founder of Xtreme Trucking said: “Between supply chain complications, market shifts, and driver shortages, the past several years have been a rollercoaster ride for our industry. Selecting HOPTEK’s Dispatch Engine solution addresses several seemingly intractable challenges, enabling us to optimize fleet utilization, increase driver satisfaction, and reduce deadhead empty miles. HOPTEK’s robust visibility platform enables us to make the best available decision, even as fleets remain dynamic, and routing and load scenarios shift constantly. We at Xtreme immediately recognized the value of HOPTEK’s strategic offering to our operation and how it would support the achievement of our goals.” Transportation and logistics are the backbone of the U.S. economy. Xtreme fuels that economic growth by delivering best-in-class operations, innovative technology solutions, and a talented workforce. The company was seeking a solution that would address very specific issues related to driver miles, route efficiency, and utilization in one platform. Achieving these goals required a unique set of capabilities. HOPTEK’s Dispatch Engine® solution closes these gaps by creating dispatchable recommendations that consider the entire fleet, at any given moment. It gets critical information to dispatchers, planners, drivers, and other stakeholders in near real-time, supercharging efficiencies and profitability. Balaji Guntur, CEO and Co-founder of HOPTEK said: “We’re excited and honored to have been selected as a long-term partner to Xtreme Trucking. Their keen eye for innovative technologies and solutions that genuinely add measurable value attests to why the industry will view Xtreme as a trend setter and leader in small to mid-size fleet tech adoption. We believe they have selected a solution that will enable them to achieve their technology goals, while at the same time supporting their efficiency mindset and profitability targets.” —Ends— About Xtreme Xtreme Trucking LLC delivers superior reefer transportation and dedicated services across the United States. With a leading view on technology and a modern truck and trailer fleet, we are an essential solutions provider for customers who value the integrity of their supply chain and require safe, and exceptional service. Moreover, Xtreme strives for leading on-time delivery and customer service, and as a technologically minded fleet, and remains deeply committed to promoting both customer and driver satisfaction. To find out how Xtreme Trucking Delivers, please visit: https://www.xtremetrucking.com/ About Kearney Kearney is a leading global management consulting firm. For nearly 100 years, we have been the trusted advisor to C-suites, government bodies, and nonprofit organizations. Our people make us who we are. Driven to be the difference between a big idea and making it happen, we help our clients break through. For more information, please visit: https://www.kearney.com/ About HOPTEK HOPTEK was founded in 2021 when global strategy and management consultancy Kearney brought its transportation and tech expertise together to help transform the trucking industry. After HOPTEK’s AI-powered system helped a leading U.S. fleet solve major operational challenges and drastically boost their performance, the company opened that technology to fleets across the U.S. With transformational technology tools such as Fleet Scanner®, Freight Finder®, and Dispatch Engine®, trucking and logistics companies can actively analyze fleet performance, identify and reduce wasteful wait times, and optimize dispatching in responsive real-time. For more information, please visit: https://www.HOPTEK.ai/ Contact Details Sean Maharaj Sean.Maharaj@hoptek.ai

September 23, 2024 09:00 AM Eastern Daylight Time

Article thumbnail News Release

The Crossroads Summit Offers Investors Looking To Draw Order From Chaos An Opportunity To Discover Innovations To Navigate A Changing World

Benzinga

By Anthony Termini, Benzinga Tickets for the upcoming Crossroads Summit are still available for investors looking to navigate a changing world. It was 1936 when author George Orwell wrote, “We are living in a world in which nobody is free, in which hardly anybody is secure, in which it is almost impossible to be honest and to remain alive.” For many, that sentiment may well describe the world we live in today, one in which it is sometimes difficult to find order amid so much chaos. Recent headlines seem to support this. Over the last year, we have seen stories under headlines ranging from "The U.S. military plans a ‘Hellscape’ to deter China from attacking Taiwan" in the Washington Post to "Climate Change Is Speeding Toward Catastrophe" in the New York Times. Other alarming headlines included “The biggest data breaches in 2024 – 1 billion stolen records and rising” from TechCrunch and “Israel-Hamas War Day 341…” reported in the newspaper the Haaretz Daily. Stories about war have recently become almost commonplace. For example, Al Jazeera recently ran the headline, "Russia claims Kursk counteroffensive pushing back Ukraine forces," and the Financial Times offered the banner, "How Sudan’s devastating civil war became a global battleground." A more recent Newsweek headline offered insight into the state of politics in America with the story "Both Kamala Harris and Donald Trump Declare Victory After First Debate." It would seem Orwell’s words have as much meaning today as they did nearly 100 years ago. Given the ripple effects that geopolitical events can have on global supply chains even outside of nations directly involved in conflicts, it’s especially important for leaders and investors today to be able to cut through the chaos. Recent Headlines Don’t Tell The Whole Story Beyond the headline-making news about wars in the Middle East and Eastern Europe, there are more than 50 armed conflicts involving more than 90 countries taking place around the world right now. That is the highest number since World War II, according to the Institute for Economics & Peace (IEP). The IEP’s Global Peace Index 2024 points out that "the world is at a crossroads" and "without a concerted effort, there is a risk of a surge in major conflicts." Global Finance magazine recently reported that six countries are currently in recession, with an additional six likely to be, noting a lack of available information to quantify their GDP. These are some of the reasons management consultants Bain & Company point out that “all the ingredients for continued economic uncertainty and elevated geopolitical risk remain present.” This volatile environment was also reflected in the VIX – a key measure of expected volatility in the stock market often called Wall Street’s “fear gauge” – which hit its highest level since the pandemic in August 2024. Furthermore, in a recent working paper, the National Bureau of Economic Research (NBER) determined that global temperature shocks predict a large and persistent rise in the frequency of extreme climatic events that cause economic damage. NBER concludes that a 1°C rise in global temperature reduces world GDP by 12%. The rapid evolution of technologies and associated industries adds further uncertainty to the mix while also potentially bringing promise. The United Nations Conference on Trade and Development (UNCTAD) says that rapid technological change is affecting almost every area of the global economy, society and culture. UNCTAD notes that breakthroughs in big data, the Internet of Things, machine learning, artificial intelligence, robotics, 3D printing, biotechnology, nanotechnology, renewable energy technologies and satellite and drone technologies represent significant opportunities. At the same time, it warns that they pose new challenges for policymakers. Rapid technological change can outpace governments' capacity to adapt in a timely manner, which can affect labor markets and society in general. An Opportunity To Discuss Global Chaos And How To Navigate A Changing World Investors eager to hear how some of America’s foremost thinkers are approaching the current environment of global volatility will have an opportunity at an upcoming conference to be held in Miami, Florida on November 21st and 22nd. The Crossroads Summit was created to help business leaders and investors see the current global chaos as an opportunity to shift perception to find the potential order that may help them thrive in a rapidly changing world. Structured in a very intimate setting, the Crossroads Summit offers attendees one-on-one facetime with some of America’s well known thought leaders in business, economics and technology. Some of the themes that will be discussed include how elections can change legislation that may last an entire generation, the local impact of global economic shifts, how geopolitics impact free markets and how to survive and thrive in an uncertain future. The unprecedented challenges and disruption facing the world today include rapid advancements in artificial intelligence and other technologies like cryptocurrency and fintech innovations. Because the Crossroads Summit is intended to help investors imagine new opportunities, it is fitting that a global financial services company like TradeStation Group should be involved. TradeStation Group is the title sponsor of the Crossroads Summit. Offering online trading and brokerage services, TradeStation Group, through its operating subsidiaries, aims to deliver comprehensive market access and high-quality trade execution. TradeStation Group’s sponsorship of the summit appropriately dovetails its capabilities with the needs of attendees. Attend the 2024 Crossroads Summit and learn how some of America’s most renowned thought leaders are making order out of chaos by clicking here. Featured photo by geralt on Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 23, 2024 08:45 AM Eastern Daylight Time

Image
Article thumbnail News Release

CleanCore Annual Results: Net Loss Narrowed, Gross Margins And Gross Profit Up After Shift In Sales Strategy, Company Reports Having 2 Years Runway Capital

Benzinga

By Anthony Termini, Benzinga CleanCore Solutions, Inc. (AMEX: ZONE) is an Omaha, Nebraska-based developer of a patented technology that replaces traditional cleaning chemicals with a safe, low-cost solution that infuses water with ozone to produce an effective all-natural alternative. The company notes that worldwide demand for such products could be nearly $93 billion by 2027. Clayton Adams, CleanCore’s CEO says that the company “is poised to capitalize on this immense opportunity.” CleanCore Financial Results And Business Update Reveal New Strategy When CleanCore reported results for the fiscal year ended June 30, 2024, the company noted a shift in its sales strategy. Moving to a direct sales model seems to have been a positive decision. The change resulted in a nearly 20-point increase in the company’s gross margins, which moved from 29.9% in 2023 to 49.6% in 2024, according to CleanCore’s most recent earnings release. While not without a minor hiccup, the change may help CleanCore build on its momentum. Moving to a direct sales model has helped the company fill its sales pipeline with record levels of potential order volume. Still, the transition was slightly disruptive to reported revenue. For the fiscal year ended June 30, 2024, revenue came in at $1.6 million compared to $2.4 million for 2023. Nevertheless, CleanCore believes that the pivot in its selling approach will deliver positive results, and this resulted in a 9% increase in gross profit. While the company is not yet cash flow positive, CleanCore’s current cash position is almost $2 million. The company reports that that should provide the company with more than two years of runway given its current operating revenues and expenses. Importantly, CleanCore says that it expects to have a positive cash flow within 12 months. Other Highlights Of CleanCore’s Fiscal Year Report CleanCore also appears to be trimming expenses while changing its selling tactics. General and administrative expenses decreased by $3.2 million for the year. That represents a better than 56% reduction. While the company reported a net loss for the year of $2.3 million, this compares favorably to the more than $5 million loss it reported in 2023. The potential for positive earnings may come from the type of wins the company reported in recent months. CleanCore has delivered products to key B2B growth sectors within its primary target industries. In just the last several months, CleanCore has closed sales with a leading university in the United States, one of the largest airports in the southwestern and one of the world's leading logistics companies. CleanCore Is Focused On Key Growth Sectors CleanCore believes that the demand for cleaning products that don’t include harsh chemicals and that are healthier for users, employees, customers and other stakeholders is on the rise among its key target sectors. These include hospitality, healthcare, education, transportation and logistics. Just looking at the healthcare market, Ecolab (NYSE: ECL), a company that provides water treatment, purification and hygiene products to hospitals, forecasts that the population the healthcare system serves will grow by 30% in the next 25 years. CleanCore provides solutions to hospitals and other healthcare facilities to keep their physical plant clean and to provide unique hygiene solutions in their food service and laundry operations. The company does the same for colleges and universities around the world as well as at airports and commercial buildings. CleanCore reports that its process is completely natural, so it is simpler, healthier and more sustainable than other disinfectants. Its products eliminate the bacterial odors that often remain after traditional cleaning and that chemical disinfectants try to mask with added fragrance. Adams points out that CleanCore’s “cutting-edge aqueous ozone cleaning systems are being widely adopted in key sectors, including healthcare, education and aviation, given their ability to eliminate harmful chemicals while maintaining the highest standards of cleanliness.” He notes that demand for the company’s products also results from their ability to reduce labor costs for customers. “As more industries seek environmentally responsible solutions, CleanCore is at the forefront of this movement, offering technologies that are not only safer but also more cost-effective,” adds Adams. For more information about CleanCore, please visit CleanCoreSol.com. Featured photo by pixellicious from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 23, 2024 08:30 AM Eastern Daylight Time

Image
Article thumbnail News Release

American Battery Materials Signs Letter of Intent for a Business Combination

American Battery Materials Inc

American Battery Materials, Inc. (OTC Pink: BLTH), a U.S. based renewable energy company focused on the extraction, refinement and distribution of technical minerals in an environmentally responsible manner, announced today that it has signed a non-binding letter of intent (LOI) with a Nasdaq-listed special purpose acquisition company (SPAC) for a potential merger transaction. American Battery owns lithium mineral rights on a total of 743 placer claims covering 14,320 (approximately 22 square miles) located in the Lisbon Valley of Utah. The company’s leadership believes the Nasdaq listing will enhance the company’s ability to access capital as it grows to become a domestic producer of lithium chemicals. “This is a logical next step for American Battery as part of our growth trajectory,” said David E. Graber, Chairman and CEO of American Battery. “Lithium is on the list of the 35 minerals considered critical to the economic and national security of the United States. Being listed on the Nasdaq will help provide us with the financial resources to reach our strategic goals.” The SPAC and American Battery will jointly raise additional capital via a private investment in public equity (PIPE) financing transaction. The legal structure of the new entity and its estimated value may vary, depending on the agreements between the parties and the possible tax implications of any such merger. The purchase price under the LOI would be the pre-money equity of $150 million, based on information provided to date and subject to confirmatory due diligence, which would consist entirely of stock consideration. American Battery expects to announce additional details regarding the proposed business combination when a definitive agreement is executed. No assurances can be made that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all. Any transaction would be subject to board and shareholder approval of both companies, regulatory approvals and other customary conditions. About American Battery Materials American Battery Materials, Inc. is a U.S.-based environmentally responsible critical minerals exploration and development company focused on direct lithium extraction (DLE), as well as other minerals for refining, processing and distribution to support the country’s urgent critical minerals need to bolster long-term energy transition and the electrification of the U.S. domestic and global economy. To receive American Battery Materials, Inc. company updates via email, visit the contact page of our website, www.americanbatterymaterials.com/contact. Important Information and Where to Find It If a legally binding definitive agreement with respect to the proposed business combination is executed American Battery intends to file a preliminary proxy statement (a “Proxy Statement”) with the SEC. A definitive Proxy Statement will be mailed to shareholders of American Battery as of a record date to be established for voting on the proposed transaction. Shareholders will also be able to obtain a copy of the Proxy Statement, without charge, by directing a request to: American Battery Materials, Inc., 500 West Putnam Avenue, Suite 400, Greenwich, CT 06830. The preliminary and definitive Proxy Statement, once available, can also be obtained, without charge, at the SEC’s website (www.sec.gov). American Battery urges investors, shareholders and other interested persons to read, when available, the preliminary Proxy Statement as well as other documents filed with the SEC because these documents do and will contain important information about American Battery, the SPAC and the proposed transaction. Participants in the Solicitation American Battery and its directors and executive officers may be considered participants in the solicitation of proxies with respect to the potential transaction described herein under the rules of the SEC. Information about the directors and executive officers of American Battery is set forth in American Battery’s Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on April 1, 2024. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders in connection with the potential transaction will be set forth in the Proxy Statement when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above. No Offer or Solicitation This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Forward-Looking Statements The disclosure herein includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics and projections of market opportunity and expectations, American Battery’s ability to enter into a definitive agreement or consummate a transaction with the SPAC and American Battery’s ability to obtain the financing necessary to consummate the potential transaction. These statements are based on various assumptions and on the current expectations of American Battery’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of American Battery and the SPAC. These forward- looking statements are subject to a number of risks and uncertainties, including: American Battery’s ability to enter into a definitive agreement with respect to the proposed business combination or consummate a transaction with the target company; the risk that the approval of the shareholders of American Battery for the potential transaction is not obtained; failure to realize the anticipated benefits of the potential transaction, including as a result of a delay in consummating the potential transaction or difficulty in integrating the businesses of American Battery and the SPAC; the amount of redemption requests made by the SPAC’s shareholders and the amount of funds remaining in the SPAC’s trust account after satisfaction of such requests; those factors discussed in American Battery’s Annual Report on Form 10-K for the year ended December 31, 2023 under the heading “Risk Factors,” and other documents of American Battery filed, or to be filed, with the SEC. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that American Battery presently does not know or that American Battery currently believes are immaterial that could also cause actual results to differ from those contained in the forward looking statements. In addition, forward-looking statements reflect American Battery’s expectations, plans or forecasts of future events and views as of the date hereof. American Battery anticipates that subsequent events and developments will cause its assessments to change. However, while American Battery may elect to update these forward-looking statements at some point in the future, American Battery specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing American Battery’s assessments as of any date subsequent to the date of this disclosure statement. Accordingly, undue reliance should not be placed upon the forward-looking statements. Contact Details Investor Relations +1 800-998-7962 ir@americanbatterymaterials.com Company Website https://www.americanbatterymaterials.com/

September 23, 2024 08:00 AM Eastern Daylight Time

Article thumbnail News Release

Largest Immersive Gaming Facility in the World Is Now Open at Toronto’s Stockyards

Activate

Activate, the world’s first active gaming facility and viral sensation on TikTok, is thrilled to announce the opening of its largest location in the world, situated in Toronto's vibrant Stockyards district. The new facility, located at 30 Weston Rd, Unit C209, promises an unparalleled entertainment experience that blends cutting-edge technology with physical activity. Activate Stockyards boasts an impressive facility spanning 19,218 square feet, making it the largest of its kind in the region. This expansive venue houses 19 unique game rooms, including the TikTok famous Mega Grid, adrenaline-fueled Lasers, Push with 452 light-up buttons and the precision-driven Strike, all designed to deliver a distinct and thrilling experience. The sheer size and vast selection of game rooms offer visitors plenty of space to engage in a wide range of interactive and immersive adventures. ”We are thrilled to be bringing Activate's largest location in history to Canada’s largest city, Toronto,” proclaimed Adam Schmidt, Founder & CEO of Activate. “This exciting new location is a fantastic addition to the vibrant Stockyards neighborhood. We can't wait for Toronto’s bustling community to experience the largest entertainment concept in the world.” Activate is taking over the immersive gaming world, now dominating 40 locations across the United States and Canada, and it shows no signs of slowing down. As the first active gaming facility to become a TikTok sensation, Activate has built a social media empire, captivating millions with its innovative, interactive experiences. Their unique approach to active gaming has set them apart, cementing their position as a leader in the entertainment world. Internationally, Activate is expanding with a new Dubai location and a UK debut in December 2024. For a sneak peek into Activate’s dynamic gaming experience, click here. Join the Inner Circle to be the first to hear about new locations, behind-the-scenes information, deals, and more. Please find imagery assets here. Activate is the world’s first active gaming experience where players #EnterTheGame. Activate offers a unique blend of physical activity and gaming that promotes a healthy lifestyle. Each Activate location provides fun and interactive rooms for players to compete, earn stars and track achievements. With the global headquarters located in Winnipeg, Canada, Activate has grown to 30 locations across Canada, the U.S. and now the world! To join the active gaming movement, visit playactivate.com. Follow Activate on social media: Facebook: Activate Instagram: @activategames TikTok: @activategames Contact Details Jive PR + Digital Jalila Singerff +1 613-614-6777 jalila@jiveprdigital.com Company Website https://playactivate.com

September 23, 2024 08:00 AM Eastern Daylight Time

Article thumbnail News Release

BestGrowthStocks.Com Issues Comprehensive Analysis of Globalstar Inc’s Strategic Partnerships and Growth Drivers

Global Star Inc. (GSAT)

NEW YORK, NY / NewsDirect / September 23rd, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive analysis of Globalstar Inc. a satellite and terrestrial connectivity services as an international telecom infrastructure provider. Globalstar Inc. (NYSE: GSAT) has garnered significant investor attention following recently reported revenue growth. Best Growth Stock's full report analyzes Globalstar’s operations, competitive advantages and disadvantages, potential catalysts, growth drivers, strategic partnerships, financials, key customers, management evaluation, share structure, chart, support and resistance levels, and more. Access this full analysis free here: https://bestgrowthstocks.com/access-gsat-analysis/ About Globalstar Globalstar empowers its customers to connect, transmit, and communicate in smarter ways – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. The Company’s LEO satellite constellation assures secure data transmission for connecting and protecting assets, transmitting critical operational data, and saving lives for consumers, businesses, and government agencies across the globe. Globalstar’s terrestrial spectrum, Band 53, and its 5G variant, n53, offer carriers, cable companies, and system integrators a versatile, fully licensed channel for private networks with a growing ecosystem to improve customer wireless connectivity, while Globalstar’s XCOM RAN product offers significant capacity gains in dense wireless deployments. In addition to SPOT GPS messengers, Globalstar offers next-generation IoT hardware and software products for efficiently tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions to drive safety, productivity, and profitability. For more information, visit www.globalstar.com. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.Com SOURCE: BestGrowthStocks.Com Contact Details Media Source LLC Steve Macalbry +1 989-274-7778 editor@bestgrowthstocks.com Company Website https://bestgrowthstocks.com/

September 23, 2024 07:00 AM Eastern Daylight Time

1 ... 4445464748 ... 3764