News Hub | News Direct

Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
Article thumbnail News Release

CleverTap’s Fintech Benchmark Report: Only 1 in 5 users that install fintech apps sign up within week one

CleverTap

CleverTap, the modern integrated retention cloud, released its Industry Benchmark Report for Fintech Apps 2022. As fintech apps continue to grow more popular, the number of players vying for market share has increased. This has subsequently reduced customer retention and “stickiness” for any one brand. Therefore, today more than ever, it is crucial that fintech companies find ways to drive customer “stickiness” by engaging users in effective ways that eventually drive transactions and fuel growth. The report reflects data collected from Asia-Pacific, Europe, India, Latin America, Middle-East, and North America. The report gives marketers a truly holistic view of key metrics within the fintech app landscape.It also spans a wide variety of fintech apps, including, but not limited to, mobile payment apps, cryptocurrency, and block chain services, along with banking and insurance among others. These insights will not only serve as a helpful starting point for developing successful engagement strategies, but also assist in understanding how an app fares in comparison to global averages. Some of the key metrics in the report include: Install to sign-up rate: Only 1 in 5 users that install fintech apps (21%) end up signing up within the first week. Average time to sign-up: 70% of the users that sign-up, do so within 75 seconds of launching the app for the first time. Sign-up to conversion rate: 95% of newly signed-up users make at least one financial transaction in the first month. Average time to convert: 76% of newly signed-up users move from onboarding to deeper-in-the-funnel engagement within an average of 7 days. Session frequency: On average, fintech app users launch their app around 11 times a month. Average repeat transaction rate for new users: 15% of newly signed-up users complete more than one transaction in the first week. Average click-through rate for push notifications: On average, 9% of Android users and 6% of iOS users will click on and interact with push notifications. Average click-through rate for in-app notifications: The click-through rate for in-app notifications is 24%, that’s about 3 times more than that of push notifications. Average email open rate: 34% users open emails sent by fintech companies Average Stickiness Quotient: Fintech apps enjoy a stickiness quotient of 22%, that indicates nearly one-quarter of MAUs consistently return to their fintech apps “The fintech industry has seen exponential growth in the last few years. Given the relentless competition within the space, fintech platforms need to step up their Omnichannel engagement efforts to better retain customers,” said Jacob Joseph, VP-Data Science, CleverTap. “The benchmark metrics laid out in our report provide a great starting point for growth marketers looking to develop effective marketing strategies. They will be able to compare numbers against global averages and pinpoint which aspects they are excelling at and which areas could use some attention or innovation.” 95% of new fintech users complete a monetary transaction in the first month. This shows that while users see value in fintech apps, it’s important to adopt customized user engagement strategies to boost retention on the platform. Today there is a real need for fintech brands to bake-in effective marketing strategies within their apps. Users will remain responsive as long as the experience is engaging and seamless. The benchmark report helps fintech apps understand how to build successful mobile communication campaigns, and also allows growth marketers to discover areas that require greater focus. The report can be downloaded here. About CleverTap CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product. The platform is powered by TesseractDB™ - the world’s first purpose-built database for customer engagement, offering both speed and economies of scale. CleverTap is trusted by 2000 customers, including Gojek, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa Johns, and Tesco. Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter. Forward-Looking Statements Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

February 27, 2023 02:51 PM Eastern Standard Time

Article thumbnail News Release

HomeRoots Partners with Kuehne+Nagel to streamline Transportation and Fulfilment Options for Customers

Homeroots

FEB 27, 2022 – HomeRoots, a B2B e-commerce furniture and home decor platform, announced today that it has formed a partnership with Kuehne+Nagel, one of the world’s largest freight forwarding company. This partnership will allow HomeRoots’ customers to purchase competitive container and air freight services that include a comprehensive one-stop solution to quoting, booking, and tracking freight services. This partnership will help facilitate HomeRoots need for speed in getting goods to market, but also helps HomeRoots offer low carbon shipment options for a more sustainable future. “Our customers, especially mid-size independent hoteliers expect more efficient ways to purchase Furniture, Fixtures and Equipment. They want a B2B online experience that is just like shopping for their own homes. Collaborating with HomeRoots allows Kuehne+Nagel to take a boutique logistics service offering to next level, while increasing opportunities for HomeRoots beyond the typical retail business.” says Holger Altvater; Global Head of Hospitality Logistics. Gil Bar-Lev, CEO of HomeRoots said that “HomeRoots' partnership with Kuehne-Nagel puts the two companies ahead of the competition. There are very few selling platforms that provide logistics solutions on such a scale. The opportunity to work with Kuehne-Nagel is exciting for multiple reasons. HomeRoots' partners will be able to benefit from efficient logistics solutions via Kuehne+Nagel solid network, its leading market position and sustainable product portfolio.” This also allows manufacturers and factories that did not have the capabilities or the know-how, to enter the U.S. market. Conversely, Kuehne+Nagel existing customers who are currently importing furniture and home décor items will can collaborate with an even larger sector of customers that includes HomeRoots ever growing U.S. based sales channel of customers. According to Reuters, 70% of U.S. economic activity results in merchandise derived from ocean container shipments. Many of these shipments are plagued with difficulties, delays, and lack of transparency that make international exchange difficult. Bar-Lev said “Our goal is for our customers who order containers to be able to do so by adding items to their cart on the HomeRoots platform and completing checkout like the end consumer ordering grocery items. The existing process which is highly complex and high touch will be completely transformed. This is a real game-changer.” “Kuehne+Nagel allows us to bring direct access to the next evolution of premier freight service and options to our customers and suppliers” said Diane Narwid, VP of Merchandising from HomeRoots. We relish the opportunity to help ease the pain points our customers and factories might be experiencing in terms of getting goods safely, quickly, and competitively into the US. This partnership will play a valuable role in allowing HomeRoots to be the ultimate one-stop-shop for B2B online sales of furniture and home decor products, but also open doors to additional industry and logistics brokering opportunities. About Kuehne+Nagel With over 80,000 employees at almost 1,300 locations in over 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics companies. Its strong market position lies in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions. About HomeRoots HomeRoots is the market leader in B2B sales of Furniture, Home Decor, Rugs, & Lighting products. HomeRoots offers an ever-growing e-catalog of products IN STOCK and ready to ship to your location or direct to your customer. HomeRoots customers range from interior designers and hospitality projects to small and large e-commerce/brick and mortar retailers. HomeRoots mission is to offer an unparalleled breadth of assortment at competitive pricing and to make the B2B online shopping experience as easy as the B2C online shopping experience. For more information, please visit https://www.homeroots.co/ Contact Details HomeRoots Diane Narwid +1 862-203-8249 contactus@homeroots.co Company Website https://www.homeroots.co/

February 27, 2023 11:38 AM Eastern Standard Time

Article thumbnail News Release

Foresight’s Technology Recognized as a Significant Breakthrough by Israel’s Ministry of Defense

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its QuadSight® stereovision solution was recognized as a significant technological breakthrough by Israel’s Ministry of Defense. The QuadSight solution was tested extensively for more than two years in challenging weather and environmental conditions by the Administration for Research and Development of Weapons and Technological Infrastructure of Israel’s Ministry of Defense. The tests were conducted to search for an alternative sensor to replace active LiDAR sensors. In addition, the performance of Foresight’s high-resolution point cloud was tested against LiDAR on platforms designed for autonomous driving. The Ministry of Defense concluded that Foresight's passive stereo technology exceeded all requirements and declared it to be a significant technological breakthrough for defense applications. Autonomous vehicles require a sensing system that enables accurate perception of the surrounding environment in order to navigate and detect obstacles. Currently, the most commonly used sensors for military vehicles are active LiDAR sensors which constantly broadcast their location and can be easily detected by the enemy. Foresight’s passive, non-emitting stereo capabilities provide unique 3D perception of the environment. These capabilities are vital to the defense industry, as they leave no energy signature discernible to an adversary. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses its belief that its passive, non-emitting stereo capabilities provide unique 3D perception of the environment that are vital to the defense industry, as they leave no energy signature discernible to an adversary. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

February 27, 2023 08:20 AM Eastern Standard Time

Article thumbnail News Release

NAFA APPOINTS 2023 BOARD OF DIRECTORS

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, has announced the appointment of its new Board of Directors, led by chairman Mike Camnetar, CAFM, Fleet Services Manager for General Mills Inc. Members serving on NAFA’s Board of Directors come from a variety of industries and companies, representing cities, software and technology companies, foodservice groups, health corporations and more. “I am thrilled to be taking on the role of Board President for NAFA, and am looking forward to working alongside such an experienced and accomplished group of fleet industry professionals,” says Mike Camnetar, CAFM. “Together, we are excited to continue our focus on advancing the interests of the fleet and mobility profession, and we look forward to what this next year will bring.” The following individuals sit on NAFA’s 13-member 2023 Board of Directors: President: Mike Camnetar, CAFM – Fleet Services Manager for General Mills Inc. Immediate Past President: Raymond Brisby, CAFM – Manager, EMS Fleet Operations for Alberta Health Services Senior Vice President: Maria Neve – Vice President of Electrification & Sustainability for Wheels Donlen LeasePlan Vice President: Kevin Fisher, CAFM – Director of Commercial Fleet Solutions for Induct EV Secretary/Treasurer: Beth Cooley – Director for the Commonwealth of Virginia Office of Fleet Management Clyde Collins, CAFM, Member – Fleet Maintenance Supervisor for Prince William County Service Authority Al Curtis, Member – Fleet Director for Cobb County, GA Government Fleet Management Kenneth Jack, Member – Vice President of Fleet Operations for Verizon Robert Martinez, Member Amy McAdams, CAFM, Member – Fleet Manager for Farmer Brothers William McCarty, Member – Director of Office Budget & Management for the City of Springfield, IL Bob Mossing, Member – Director of Global Fleet Administration for STERIS Corporation Steven Saltzgiver, CAFS, Member – Fleet Success Senior Advisor for RTA Fleet Management Software NAFA is pleased to welcome these expert fleet professionals and skilled individuals to the 2023 Board of Directors. Their dedication to the fleet and mobility world inspires innovation, creates progress and truly keeps the industry moving. For more information on NAFA, visit: https://www.nafa.org/ About NAFA Fleet Management Association NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year.For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and Twitter. Contact Details NAFA Fleet Management Association Colleen Gallagher +1 315-447-2331 cgallagher@onwrdupwrd.com Company Website https://www.nafa.org/

February 23, 2023 05:41 PM Eastern Standard Time

Article thumbnail News Release

Belcorp’s Supply Chain Gets a Makeover with ToolsGroup’s Supply Chain Planning Solutions

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, has been selected by Belcorp, a beauty corporation, to improve its supply chain planning practices for enhanced inventory performance and elevated service levels. A multinational corporation with 55 years of experience in the beauty industry, Belcorp seeks to promote beauty and inspire personal fulfillment through its brands ésika, L'Bel, and Cyzone, serving millions of people throughout Latin America. “Our primary goal is delighting our customers and providing products they can feel good about. That’s why we seized this opportunity to adopt a process that would streamline the consumer experience while also safeguarding our financial expectations,” says Nicolas Frasquet, Corporate Procurement Executive Director. “ToolsGroup’s suite of solutions will enable agile, high-level decision making and minimize our environmental impact by reducing and properly positioning inventory across our network. Plus, the ToolsGroup team’s expertise and open communication prove we can depend on them to be an engaged partner as we refine our supply chain operations.” Belcorp wanted to increase customer satisfaction while boosting profitability and reducing inventory. This required right-sizing inventory levels and improving stock positions throughout its network. Belcorp’s search for a world-class supply chain planning solution led to the selection of ToolsGroup Demand Planning, Multi-Echelon Inventory Optimization, and Replenishment. Thanks to automation and powerful statistical, optimization and heuristics algorithms, this planning suite untangles complexity and calculates optimal stock targets, decreasing the amount of on-hand inventory and positioning it where it can best fulfill demand, resulting in minimal working capital investment and increased service levels. “Every supply chain decision a company makes either supports its priorities or endangers them,” says ToolsGroup CEO, Inna Kuznetsova. “This is why next-generation supply chain planning solutions play a pivotal role in customer experience, profitability, and sustainability, allowing companies to navigate uncertainty with speed and accuracy. We want to make the supply chain a force for good, and that begins with conscientious companies like Belcorp who are ready to adopt these new technologies, maximizing supply chain efficiency and business performance while reducing carbon footprints.” Learn more about ToolsGroup's automated Demand Planning and Forecasting technology. About Belcorp Belcorp is a corporation with 55 years of experience in the beauty industry, operating under the direct sales model. The company promotes beauty to achieve personal fulfillment through its brands ésika, L’Bel and Cyzone, generating a positive impact on millions of people in the Americas, with a network of more than 840 thousand independent beauty consultants in 14 countries. ToolsGroup’s innovative AI-powered solutions enable retailers, manufacturers, and distributors to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making, and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

February 23, 2023 10:15 AM Eastern Standard Time

Image
Article thumbnail News Release

Stellantis Partners with GlobalLogic to Open a Software Facility in Poland

GlobalLogic

GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today confirmed it is establishing a new automotive-centric software facility in Poland as part of its continued efforts to enable car manufacturers worldwide to develop software-defined vehicles (SDVs). The initiative was prompted by its ongoing collaboration with Stellantis as the global automaker and mobility provider advances its platform for SDVs. The companies’ new partnership phase enables Stellantis to maximize its ability to evolve and deliver customizable open automotive platforms. According to a recent report from Goldman Sachs, “We are entering a new era where SDVs (software-centric automotive development) will determine who has the competitive edge in the auto industry.” Next generation vehicles rely on software to decrease hardware dependencies in ways that better the whole consumer experience, from driving to maintenance. Stellantis, a leading global automaker and mobility provider, is deploying next-generation technology platforms that build on existing connected vehicle capabilities to transform how customers interact with their vehicles. This transformation will move Stellantis’ vehicles to an open software-defined platform that seamlessly integrates with customers’ digital lives and greatly expands the options customers have to add innovative features and services via regular over-the-air (OTA) updates keeping vehicles fresh, exciting, and updated years after they have been built. “As newer digital technologies become available, the infrastructure around and inside our cars should adapt to meet driver expectations,” said Tara Vatcher, Senior Vice President, Software Architecture and Development, Stellantis. “Therefore, it’s important to us that we work with an engineering partner that is dialed in to the cutting edge of what’s possible with automotive solutions. GlobalLogic’s commitment to our success through the establishment of this new facility proves we’re making the right choice in extending our partnership.” GlobalLogic provides Stellantis with key talent expertise in software, verification and validation platforms, DevOps, and over-the-air integration supporting several Stellantis application platforms. The systems developed throughout this partnership continue to accelerate base software platform development for Stellantis vehicles worldwide. “GlobalLogic has a deep history of collaborating with global automotive manufacturers. We’re putting that knowledge to work as we, along with Stellantis will reimagine the driving experience using digital solutions. This partnership represents our continued focus on driving the industry towards powerful software-defined vehicle experiences,” stated Ramki Krishna, Senior Vice President & General Manager, Automotive & Industrial Business, GlobalLogic. GlobalLogic’s Automotive Business The automotive industry faces the challenge of rapidly and affordably integrating new digital technologies into vehicles to transform the consumer experience in a safe and secure environment. GlobalLogic’s team of skilled Automotive Consultants have a rich working history with vehicle manufacturers and their ecosystem for creating unparalleled in-vehicle electronics solutions, advanced driver assistance systems, automated driving systems, cockpit electronics, modern cloud platforms, and much more. Learn how we can help shift your automotive technology into the fast lane. About GlobalLogic GlobalLogic ( www.globallogic.com ) is a leader in digital engineering. We help brands across the globe design and build innovative products, platforms, and digital experiences for the modern world. By integrating experience design, complex engineering, and data expertise – we help our clients imagine what’s possible and accelerate their transition into tomorrow’s digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending our deep expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor, and technology industries. GlobalLogic is a Hitachi Group Company operating under Hitachi, Ltd. (TSE: 6501), which contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. About Stellantis Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2Move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com. GlobalLogic is a trademark of GlobalLogic. All other brands, products or service names are or may be trademarks or service marks of their respective owners. Contact Details GlobalLogic, Inc. Heather Ailara +1 973-567-6040 heather@211comms.com Company Website http://www.globallogic.com/

February 23, 2023 03:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Clear Vision Impact Fund Announces Latest Round of Investments

Siebert Williams Shank

Since its final closing in March 2022, the Clear Vision Impact Fund (Clear Vision or CVIF) has provided loans to minority-owned businesses across the U.S. It has originated loans to seven portfolio companies, including two new investments that closed last month. "The Clear Vision team embraces the opportunity to provide liquidity and growth capital to small and mid-sized businesses that serve communities in a manner that is consistent with our impact mission," said Christopher J. Williams, principal of Clear Vision’s general partner and Chairman of Siebert Williams Shank & Co., LLC. "We are energized that our portfolio companies, which span a range of industries, strive to save jobs and increase job training among underserved communities." "The CVIF loan played a critical role in P&THE Manufacturing Acquisition’s first acquisition of Ross Aluminum. We had to work expeditiously in closing the deal, condensing a timeline that would normally take four to five months down to six to eight weeks at the behest of the previous owner,” said Pancho Hall, CEO and Chairman of P&THE Manufacturing. “Thanks to the professionalism, accuracy, and pure determination of all responsible parties, we were able to finalize the loan and close on this amazing opportunity, which positions us to capitalize on our strategy to gain a collection of world-class enterprises that serve global communities as their minority-business enterprise of choice." “The asset management business needs a big funnel to find innovative solutions that impact the broader society,” said Dabo Horsfall, Founder and CEO of Tensile Investments. “CVIF has been a true growth partner; their approach to investing is fair, their feedback is constructive, and their approach to partnership is genuine. CVIF has supported Tensile’s mission to provide clean mobility solutions that improve the lives of ALL people while developing electric vehicle charging infrastructure in a profitable manner.” “Valeo Networks teamed with the Clear Vision Impact Fund in October 2021 for the purpose of growth through acquisition. As our financing partner, Clear Vision has fueled our acquisition growth, allowing us to double in size by funding three acquisitions in our first year of partnership, making Valeo Networks one of the 50 largest Managed Security Service Providers (MSSPs) in the United States,” said Travis Mack, CEO and Chairman of Valeo Networks. “Clear Vision has been very flexible and worked closely with Valeo to gain a detailed understanding of our business model and acquisition strategy, which helps us to be nimble and efficient during acquisition. We look forward to continuing to work with Clear Vision and continuing our growth to more than $50 million annual revenue over the next 2-4 years to become one of the 10 largest MSSPs nationwide.” “The Clear Vision Impact Fund partnered with Medi-Fare in the immediate aftermath of the COVID-19 pandemic. Whether it is collaborating on enhancing our business through new client targets, crafting impact strategies to increase local hiring, or producing marketing materials, the Clear Vision team has never viewed a task as too small. We look forward to its continued support in 2023 as Medi-Fare scales its production capacity,” said Artis Terrell Jr., CEO of Medi-Fare Drug Pharmaceutical Compounding. “At CVIF, we have been fortunate in continuing to source unique opportunities to support diverse entrepreneurs and investors that not only share our passion for positively impacting underserved communities, but also demonstrate that impact and financial performance are not mutually exclusive,” said Kyle C. Sligar, Chief Credit Officer and Portfolio Manager of the Clear Vision Impact Fund. We look forward to deploying more customized debt solutions for both existing portfolio companies and new prospects as they execute on their growth initiatives.” In addition to providing financing, Clear Vision aims to support portfolio companies by working with them to define and execute on their impact goals, evaluating proposed operational improvements and strategic initiatives, and introducing them to prospective customers and partners, among other things. To date, Clear Vision has provided loans to seven African American-owned businesses, several of which are detailed below. P&THE Manufacturing, headquartered in metro Detroit, is a minority-owned holding company comprised of businesses that provide manufacturing solutions. It differentiates itself in the marketplace as a true owner operator who has experience working in and managing businesses at the senior level ranging from the lower middle market to Fortune 100 companies. Learn more at www.rossal.com. Tensile Investments is an impact driven holding company that provides clean mobility options in transit deserts. It develops smart mobility hubs and funds clean first-last mile transportation. Tensile Investments partners with municipalities and private property owners to create smart mobility hubs by modernizing parking lots and garages to provide electric vehicle (“EV”) fleet parking and charging, electric micro-transit services, clean distributed energy services, public EV charging, and electric micro-mobility services. Learn more at www.tensileinvestments.com. Medi-Fare Drug Pharmaceutical Compounding is a minority-owned 503B pharmaceutical compounding facility registered with the Federal Drug Administration as an Outsourcing Facility. Medi-Fare serves as a partner to hospitals and other healthcare providers to supply much needed medications to help improve positive outcomes for their patients and fulfill the need for the ever-growing number of medicines in shortage or backorder situations. Headquartered in Blacksburg, South Carolina, it serves a range of medical facilities and acts as a health care partner for hospital systems, surgery centers, clinics, and doctor’s offices. Learn more at www.medifaredrug.com. Valeo Networks is a full-service, award-winning Managed Security Service Provider (MSSP) that serves state, county, and municipal markets; small-to-medium businesses; and non-profit organizations. Firmly seated in the top 5% of revenue generating MSSPs nationwide—making it one of the largest MSSPs nationally—Valeo Networks provides solutions in the areas of cybersecurity, compliance, cloud, network infrastructure, and managed IT services. With over 20 years of industry experience, Valeo Networks is headquartered in Rockledge, FL, with additional locations nationwide. Learn more at www.valeonetworks.com. A-1 is an established and fast-growing disaster-response company which provides on-demand resources, services, and logistics during catastrophes. Services include large-loss restoration services, commercial construction, staffing, restoration equipment rental & monitoring, as well as time and material documenting and preparation during natural disasters such as hurricanes, tornadoes, and freezing and flooding events that cause property damage. Headquartered in Charlotte, North Carolina, A-1’s extensive experience and seasoned personnel have allowed it to create a first-of-its-kind national network and partnership program that brings together service providers, supplies, equipment, and labor. Learn more at www.a1disasterresources.com. About the Fund SponsorClear Vision’s sponsor is an affiliate of Siebert Williams Shank, a leading non-bank financial services firm serving clients across industries and asset classes. It is both a minority-owned and women-owned enterprise. SWS Capital Management, an investment adviser affiliated with Siebert Williams Shank, serves as Clear Vision’s investment manager.To learn more about Clear Vision’s closings or investment portfolio, please visit www.clearvisionimpact.com. This press release (“Press Release”) is being published for informational purposes only regarding Clear Vision Impact Fund (“Clear Vision” or “CVIF”). One should not assume an investment in any of the described companies was or will be profitable. The companies listed in this Press Release do not represent all CVIF’s investments. All opinions, estimates and forecasts are based on information as of the date of this Press Release and are subject to change. Certain information contained in this Press Release constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. CVIF has not vetted the companies’ websites and CVIF’s provision of the companies’ website links should not be considered an endorsement of the information presented there. Contact Details Tom Butler +1 646-213-1802 TButler@ButlerPR.com Christian Agredo +1 646-213-0286 CAgredo@ButlerPR.com Company Website https://www.clearvisionimpact.com/

February 22, 2023 09:30 AM Eastern Standard Time

Article thumbnail News Release

Pyxis Tankers expects "a lot of demand kicking in" in Q2 2023

Pyxis Tankers Inc

Pyxis Tankers Inc (NASDAQ:PXS) chairman and CEO Valentios (Eddie) Valentis and chief financial officer Henry Williams speaks to Proactive's Thomas Warner about what investors can expect from the business and the wider refined oil product tanker market in the coming months. Valentis says that he expects "a lot of demand kicking in" during the second quarter, supported by several factors including heavy sanctions on Russia's product tanker fleet. Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com

February 22, 2023 07:11 AM Eastern Standard Time

Video
Article thumbnail News Release

Minuteman Press Franchise in Tigard, Oregon Celebrates 35 Years and Transitions to Second-Generation Ownership

Minuteman Press International Inc

Bob and Ruth Davidson first opened their Minuteman Press franchise in Tigard, OR (a suburb of the Portland, OR greater metro area), in December of 1987. After 35+ years of hard work and dedication to their clients and their community, Bob and Ruth are ready for their next chapter and have made way for the next generation of owners. Bob and Ruth also just recently renewed their franchise agreement for the next 35 years. Their son Craig Davidson with his wife Carolyn and longtime manager Christopher Brown with his wife Lisa, have purchased the business as of February 1, 2023, and are continuing with Minuteman Press as a strong, viable and supportive franchise model, that has been one of the key components to the long-term success of this location. Minuteman Press in Tigard is located at 7555 S.W. Hermoso Way, Tigard, OR 97223. Bob reflects on 35 years of ownership, sharing his keys to success and longevity, growing the family business, and why the future is bright for Minuteman Press in Tigard. Congrats on your incredible 35 years in business! What does this milestone mean to you? Bob Davidson: “ Life is a series of changes and this is one of them. Frankly, it is time for the next generation to have their opportunity to build on, and create, their own success story. And, it is past time for Ruth and I to enjoy some of the rewards that we have been blessed with, by the success of our business.” What are 4 keys to your success and longevity? Bob Davidson: “FIRST: Ruth and I thank God for his blessing on us in this endeavor. My prayer at the time of starting the business was: ‘ God, I am not the smartest guy in the world, so please open the doors if it is in your will, or if not, hit me over the head with a brick to get my attention.’ SECOND: I would have to say without any qualification, my wife, Ruth. When we first started our business, we were 37 years-old and I left a nearly 20-year seniority position with a national trucking company as a Teamster employee truck driver. Which also meant that I gave up a union scale wage rate, with medical and retirement benefits. Ruth at that time, was a full-time homemaker to our two children. She has stood beside me as a full partner, and fully supported the decision to start our own business. But we honestly and freely admit, it was a decision and a concern to us both. She worked just as hard as I in the business every day. Her 51% ownership and my 49% ownership enable us to qualify as both a ‘Woman-owned’ and ‘Veteran-owned’ business due to my military service. So far, Ruth hasn’t fired me, although I am sure that the thought has come to her mind on occasion! Our primary roles in the business gradually formed over time, with Ruth managing the office and all that entails and also the bindery portion of our business. I was the salesman, customer service and vendor liaison for outside services and supplies. THIRD: Would be the advice, support and assistance of the Regional Minuteman Press staff and also the other local Minuteman Press owners in the area. Their advice, suggestions, guidance, experiences, help and information were of great value in our beginning years. FOURTH: This would of course be our customers. We obviously would not exist without them. While we have ‘busted our tails’ to serve them over the years, they have in turn been incredibly loyal. We still have customers today, that initially became customers in our first year of business. We are thankful for them. BONUS TIP: My advice on customer acquisition? Take anything that comes your way. But, know that your fellow, small, local businesses, will be your most loyal and long-term customers. They will be your most consistent support and strength through the years. It is ‘sexy’ to acquire a larger nationally known corporation as a client, but they typically do not last. A new purchasing agent will come in, some other shop beats your price by a percentage point or two, or they close the local office or HQ and move away. All of the above have been my experiences. Enjoy the large companies while they last, but don’t wrap your business around them.” You have just renewed your franchise agreement for the business transition. What does it mean to you, knowing the business will stay in the family and remain in great hands? Bob Davidson: “It means a great deal to us, to be able to see what my wife and I have built over the years, continue on into the next generation and chapter. We have been blessed, in having Craig and Christopher both with us for so long. That has allowed for a gradual and nearly seamless transition. For the past two years, Ruth and I have been gradually turning over more and more of the management and decision-making to ‘the boys’ as we call them. They have made all of the equipment purchases and hiring decisions for the past 2 years. They have also attended the past 2 Minuteman Press World Expo Conventions. Also, if Minuteman Press HQ was not the company that it has been, there would have been no reason for us to renew our franchise agreement. What do I mean by that, you might say? Our experience has been one of excellent, ongoing support in all aspects from Minuteman Regional & HQ. We truly appreciate their business franchise model; their ongoing support, the network of ‘Preferred Vendors’; and their early adoption of computerized pricing, which has evolved into the FLEX program that does so many functions today that were not even dreamed of 35 years ago. All these and more make a great package and a desirable business model to follow and continue with. And then there is the family aspect, not only mine, but also the Titus family. It had been my privilege to know the founder, Roy Titus. And then to also know his son Bob Titus and now Nick and Jackie Titus, as they have all ‘grown up’ in the business and taken on their leadership roles. What is most impressive to me is that they have all been ‘just folks’ … unpretentious and unassuming, kind and caring, and have become personal friends. They have never lost sight, now through three generations, that they are stewards of an amazing corporation, that while it first and foremost is a major business, it also at the same time cares for and treats everyone like extended family. Minuteman Press International also makes sure to recognize individual achievement. It is only human to be gratified, when our best efforts are recognized by others. Minuteman’s system of recognition for various sales levels, marketing, print quality, shop appearance and other awards, are all appreciated as tangible markers of various achievements. As a 25-year (now retired) veteran of the Army, I see many parallels to Minuteman’s system of such recognition, to the military’s awards of ribbons and service medals for exemplary service.” What does the transition mean for your customers? Bob Davidson: “I jokingly say that this transition means ‘ nothin g’ to our customers. That is because unless they ask, the vast majority of our clients won’t even know right away, that Ruth and I have stepped back. But it also means ‘ everything ’ to them with regards to their printing needs. I have every confidence that Craig and Christopher will continue in the same manner of excellent quality and service that we have provided up to this point. It means that between our production efforts and that of our vendors and everyone else behind the scenes, that our customers will continue to receive a top-quality product, that is consistent, timely, and fairly priced, every time. And if for some reason it isn’t, we make it right, no questions asked.” What are some of the key ways you’ve grown your business (products, marketing, networking, etc.)? Bob Davidson: “Well, the short answer is ‘ Yes ’ … all of the above. PRODUCTS: Through Minuteman HQ’s urging, guidance and vendor connections, we have branched out into many areas that we previously did not do, or consider. Mailing services, checks and deposit slips, signs and banners, promotional products, clothing / wearables. All of these are later additions to our original business model. MARKETING: When we initially began in 1987, marketing was almost exclusively ‘cold calls’ on local businesses. The follow-up was a 3” x 5” Index Card file that was sorted by ‘call back’ dates (which I still have). That and the Yellow Page ads were your two primary sources for getting your name out. Now, digital is the primary method and our Google Reviews rating of 4.9 stars along with the reviews posted there, are critical. A frequent response from new customers when we ask, ‘How did you hear about us?’, is almost always our high Google standing. Following that would be that they received a referral from another customer. NETWORKING: Do it! We have many, many customers that have come to us through our contacts in Rotary, our local Business Leads group (LeTip) and several local Chambers of Commerce. Some of those customers are among our largest accounts.” What are the high-demand products and services as well as growth areas? Bob Davidson: “Digital and offset printing are still the core tenants of our business. All other services are either in support of those, or a supplement to rounding out the main portion of that business. Our overall business mix is still approximately 1/3 offset, 1/3 digital and 1/3 outside services of all types. Digital printing is the fastest growing segment of our business.” How would you best describe your community? Bob Davidson: “Tigard is a bedroom community of the Portland Metro area. There is a good mix of local businesses of all types, small manufacturing, distribution and warehousing. It is a growing area, as many businesses are leaving the downtown core as the switch to ‘remote’ work continues. Tigard is both a residential and business community, with a healthy mix of both.” Why do you think printing remains so vital to businesses today? Bob Davidson: “People respond well to a tangible, physical piece that you can hold in your hand. It also has a tendency to be saved, whereas a digital ad piece is quickly passed by and forgotten.” What was your background before franchising and why did you choose Minuteman Press? Bob Davidson: “I was a local pickup and delivery driver for a national truck line for nearly 20 years. At the same time, I was also an Enlisted man and then Officer in the Oregon Army National Guard. I had 4 years of active duty and 21 years of National Guard service time as a reservist. Ruth was primarily a homemaker, with our two children. In the late 1980s, it was a time of great turmoil in the transportation industry – trucking, railroads and airlines, due to deregulation. Many of those businesses either merged or closed. That was cause for concern to me as I was in the trucking industry as my primary job. I and a friend of mine went to a local business fair in the summer of 1987. Of the many business ‘opportunities’ presented there, the one for Minuteman Press was the only one that seemed to have it ‘together’. Their presentation was easily understandable, well-organized and made sense. I then began to do the follow-up process of visiting existing shops. Minuteman Press also made it easy to go through all of the multitude of steps in opening a new business, such as the training, equipment, securing a location, and the initial opening and marketing phases.” What has the support from Minuteman Press International been like for you? Bob Davidson: “ TRAINING: Ruth and I went thru the 2-week training course at Minuteman HQ in New York. And when my son Craig first came to work for us, we sent him to the New York Minuteman School, so that he would also have that base training and experience. SUPPORT: As a ‘mature’ shop of 35+ years, we seldom have a need to call on either the Regional or National offices. But when we have, they have always been responsive and helpful. This would also be the appropriate time to extend our ‘ THANK YOUS!’ to Chris Jutt, Jason Kraus, Chris Multari, Mike Jutt, and Brendan Reilly for their ongoing support and responsiveness, anytime that we have had a question or an issue. When we have made major equipment purchases (recently high-speed Digital Printers, a new Challenge 30” Programable Cutter), we have received advice and support from HQ, as well as getting favorable Minuteman Press pricing. FLEX: A great program that does so very much. It is light years beyond the first computer program that we started with.” What are the biggest personal and professional rewards of owning your business? Bob Davidson: Having some control of your own future, but my joke is: ‘ I have no deadlines of my own, my customers provide them all.’ I also find it to be rewarding to be doing something that you enjoy or find satisfaction in. Every day is both the same, and yet different, as every job is unique in some way. The challenge of the coordination of a multitude of various aspects, personal, equipment and vendors, to bring a job to completion. I sometimes liken it to a conductor directing an orchestra, to bring a complete item out of many parts. When things ‘go south’ as they sometimes do, making a solution happen in some different way.” What advice would you give to other business owners or people looking to own a business? Bob Davidson: “If you never try, you will never know if you could have done it. Be bold. Join a service organization, business group and local chambers and PARTICIPATE. People do business (and refer others who they know) with those that they know and trust. Attend the regional meetings and learn from Minuteman Press and your fellow owners. Attend the World Expos and learn even more and be boosted up by your shared experiences. Follow the Minuteman Press program and advice as much as is possible. You paid for it, and it works, so use it.” Is there anything else you’d like to share? Bob Davidson: “I’d like to share a famous quote from Winston Churchill, which is also the attitude of those of us who have served in the military: ‘Never give in. Never give in. Never, never, never, never – in nothing great or small, large or petty – never give in………’” Minuteman Press in Tigard is located at 7555 S.W. Hermoso Way, Tigard, OR 97223. For more information, visit their website: https://minuteman.com/us/locations/or/tigard/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

February 21, 2023 11:00 AM Eastern Standard Time

Image
1 ... 5051525354 ... 137