News Hub | News Direct

Education

Higher Education Preschool Primary/Secondary
Article thumbnail News Release

Volatus Aerospace Secures Annual Recurring Contract to Expand Pipeline Corridor Surveillance in Eastern Canada

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce that its subsidiary, Canadian Air National Inc., has signed a 3-year master service agreement with a leading pipeline operator to provide pipeline right-of-way asset and environmental monitoring throughout Ontario. The agreement, signed on March 2nd, is estimated to generate revenues of up to $5M over the next three years with margins within historical norms for jobs of this nature. Volatus Aerospace provides data gathering and analysis services to the oil and gas sector through its subsidiaries Canadian Air National and Synergy Aviation. In total, the Company provides pipeline right-of-way surveillance services across Canada from Kitimat, British Columbia to Ottawa, Ontario. Combined with weekly patrols on an annual basis, the Volatus Group patrols over 1,600,000 kilometers of pipeline. “Light aircraft and helicopters remain the most common solution for pipeline monitoring, but drones are the future,” says Glen Lynch CEO of Volatus. “We are enhancing our competitive advantage by introducing drones and eVTOL (electric vertical take-off and landing) aircraft in the months and years ahead to supplement and replace conventional aircraft. This will save our clients money, make processes safer, and reduce green-house gas emissions.” “Our oil and gas clients need reliable data,” added Ben Ruszkowski, Vice President of Business Development at Volatus' subsidiary Synergy Aviation. “We provide them with cost effective, environmentally friendly, and high-quality data solutions to protect their right-of-way assets and the environment using our proprietary technology.” According to the Canadian Association of Petroleum Producers (CAPP), 840,000 kilometres of pipelines safely transport liquids, such as natural gas, and crude oil, across Canada. The requirements for maintaining pipelines are heavily regulated by Provincial and Federal authorities. Regular aerial surveillance is a key method of compliance and protection used to anticipate, prevent, and mitigate environmental hazards and potentially dangerous conditions such as pipeline leaks and erosion, encroachment by vegetation, or third-party activities like construction, digging, and plowing. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the anticipated benefits of, and estimated revenue to be generated by, the master service agreement; (ii) the business plans and expectations of the Company; and (iii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs of management as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the anticipated benefits and revenues of the master service agreement to the Company; the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; meeting the continued listing requirements of the TSXV; and including, but not limited to, those factors set forth in the Company’s Annual Information Form under the section “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 204-955-2647 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

March 06, 2023 07:45 AM Eastern Standard Time

Image
Article thumbnail News Release

Legible turning the page for eReading with LibrarianAI launch

Legible

Legible co-founder and CEO Kaleeg Hainsworth joins Natalie Stoberman from the Proactive studio to discuss how the company continues to grow in the e-book space with the beta launch of its LibrarianAI web plugin. Legible is a book entertainment and media company that provides innovative eReading experiences to anyone anywhere with an internet-enabled device. Legible has developed a browser-based, mobile-first B2C eBook entertainment platform delivering a global online bookstore and reading system through Legible.com; and a global B2B eBook conversion and production service with high revenue potential called Legible Publishing. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 02, 2023 01:12 PM Eastern Standard Time

Video
Article thumbnail News Release

Volatus Aerospace Expands Electric Utilities Business in US with Acquisition of Sky Scape Industries, LLC.

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (“Volatus” or “the Company”) announced today that it has signed an arm’s length definitive agreement to acquire Sky Scape Industries, LLC., a New Jersey based company providing airborne intelligence data services. Founded in 2014, Sky Scape Industries uses remote sensing techniques to provide comprehensive inspection services including facility, structural, line, and right of way for power utilities, emergency response for oil and gas, and façade inspection services for property management. The company utilizes crewed and uncrewed aircraft and has operated nationwide in over 24 states. “Glen Lynch, CEO of Volatus Aerospace Corp. commented, “the addition of Sky Scape brings significant opportunity for margin improvement through synergies with our existing business units. It further expands our service offering and continues growth in core sectors including power utilities, oil and gas, and façade inspection.” “Joining Volatus provides Sky Scape with the resources needed to fully leverage and expand its customer relationships,” said David Yoel, CEO of Sky Scape. “The extensive Volatus pilot network, existing fleet of crewed aircraft, helicopters, and drones enhances Sky Scape’s offering, and their expansive sales team will help drive our growth.” Under the terms of the agreement, the total purchase price, subject to an earn-out provision, is approximately C$845,000 (US$620,000), paid as follows: An initial payment of approximately C$422,500 (US$310,000) in the form of newly issued common shares of Volatus Aerospace Corp. The number of VOL shares to be issued will be based on the share price at closing or the prior 30-day VWAP, whichever is higher. Volatus shall have the option to make the first payment in cash in lieu of shares. The earn-out payment of C$422,500 (US$310,000), will be payable twelve (12) months after closing, in the form of additional Volatus shares issued on the share price of C$0.65 or the prior 30-day VWAP, whichever is higher. This payment is conditional on Sky Scape retaining approximately C$1M of inspections already contracted for 2024. This announcement is in line with the Company’s objectives to continue expansion in the US Market as well as growing its presence in large scale aerial intelligence services for oil and gas, power utilities, rail, construction, engineering, and inspection industries. The acquisition of Sky Scape Industries is anticipated to close on March 31 st or such other agreed date conditional on satisfactory completion of due diligence, approval of the respective Board of Directors, key clients, and regulatory approval of the TSX Venture Exchange. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Non-IFRS Measures This news release includes certain terms or performance measures that are not defined under International Financial Reporting Standards (“IFRS”), such as “annual recurring revenue” (“ARR”) and gross margin. ARR used in this news release refers to annual revenue generated from multi-year contracts and the Company derives gross margin by subtracting costs of goods sold from total revenue and dividing such number by total revenue. ARR and gross margin are not recognized, defined or standardized under IFRS and accordingly, the Company’s definition of ARR may differ from definitions used by other companies and therefore comparability may be limited. ARR should not be considered a substitute for or considered in isolation from measures prepared in accordance with IFRS. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes, but is not limited to: (i) the business plans and expectations of the Company; (ii) the closing of the proposed Transaction and timing thereof; (iii) expectations related to the Transaction and anticipated benefits thereof, (iv) opportunities for significant gross margin improvement and other anticipated benefits of the transaction to the Company; and (iv) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs of management of the Company as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors are based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the completion of the Transaction and timing of completion; satisfaction of all closing conditions to the Transaction; the anticipated benefits of the Transaction to the Company; TSX Venture Exchange approval of the Transaction; and anticipated and unanticipated costs and other factors referenced in this news release, and including, but not limited to, those factors set forth in the Company’s Annual Information Form under the section “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

March 02, 2023 07:30 AM Eastern Standard Time

Article thumbnail News Release

New Study Shows Large Math Learning Gains Among Students in DC Public Schools

Zearn

A newly released study shows that first through sixth grade students in DC Public Schools (DCPS) who consistently utilized a top-rated math learning platform had large gains in math. “As DC Public Schools’ works to increase math comprehension and performance across the district, it is exciting to see the significant math growth and acceleration happening for DCPS students who have used the Zearn platform. Our teachers prioritized this opportunity for their students to study, engage and learn, and Zearn lessons strongly support their efforts in math teaching,” a DCPS spokesperson said. Researchers looked at how DCPS students performed on spring i-Ready Diagnostic. They compared students who consistently completed three digital lessons on Zearn Math weekly to a matched group of demographically and academically similar students who did not use the platform. Findings show that students who consistently used Zearn Math outscored matched students who did not by 7.5 points, which is equal to more than 11 weeks of math learning in one school year. Moreover, Black and/or Latino students, at-risk students, multilingual learners and students in special education who consistently used Zearn Math exceeded the i-Ready Diagnostic interim assessment benchmark for typical growth. Matched students in these subgroups who did not use Zearn Math fell short of expected growth. “As a nonprofit educational organization, we developed Zearn’s technology to complement the work of great classroom teachers,” Zearn CEO and Co-Founder Shalinee Sharma said. “This new research shows the tremendous effect DCPS teachers are having, and we are grateful to be supporting teachers and students again this academic year.” Zearn Math – a flexible math program, which can be implemented as a core curriculum, digital complement or for use during extra learning time – has shown promising evidence to accelerate student learning at scale. DCPS offered Zearn Math as a digital complement to the core math curriculum, providing access to high-quality materials for math learning. Teachers who used Zearn Math received comprehensive professional development and had access to ongoing, real-time reports with precise and actionable feedback to inform instruction. ABOUT ZEARN Zearn is the 501(c)(3) nonprofit educational organization behind Zearn Math, the top-rated math learning platform used by 1 in 4 elementary-school and more than 1 million middle-school students nationwide. Everything we do is driven by the belief that every kid is a math kid. For more information about Zearn’s work in D.C. or across the nation, contact Anna O’Sullivan, director of communications, at annao@zearn.org. ### Contact Details Zearn Anna O'Sullivan +1 619-471-5603 pressinquiry@zearn.org Company Website https://about.zearn.org/

February 28, 2023 12:00 AM Eastern Standard Time

Article thumbnail News Release

International Mother Language Day Taiwan’s CIP Presents Awards to 23 Individuals for Revitalizing Indigenous Languages

Council of Indigenous Peoples

TAIPEI, TAIWAN - Media OutReach - 23 February 2023 - The Council of Indigenous Peoples held the 2023 International Mother Language Day – Indigenous Language Revitalization Awards Ceremony on February 16. Vice President Lai Ching-te and Premier Chen Chien-jen presented awards to the 23 recipients and offered their respect and gratitude for all those working to revitalize indigenous languages. Representatives of indigenous churches around Taiwan were also invited, for the first time, this year to discuss how government agencies can collaborate with indigenous churches in the future to achieve the UN’s goal of encouraging sustainable mother language development. Vice President Lai Ching-te and Minister Icyang Parod of the Council of Indigenous Peoples presenting the Lifetime Contribution Award. Vice President Lai Ching-te shared in his remarks that Taiwan enacted the Indigenous Languages Development Act in June 2017, establishing indigenous languages as one of the official languages of Taiwan. During his tenure as the premier, in January 2019, Taiwan promulgated the Development of National Languages Act, wherein Hakka Chinese, Taiwanese Hokkien, the Matsu dialect, other natural languages used by existing communities, and the Taiwan Sign Language were all established as official languages of Taiwan. Premier Chen Chien-jen expressed that the CIP has launched the highly important “Program to Incentive Indigenous Churches to Encourage Indigenous Languages” this year to support the Development of National Languages Act. The program aims to encourage indigenous churches around the country to promote the use and learning of indigenous languages as indigenous churches are largely frequented by multiple generations, making it the perfect site for passing on indigenous languages. The Executive Yuan will continue to invest more resources and manpower and work with different sectors to foster a friendly environment for indigenous languages. In subsequent meetings, Minister Icyang Parod also delivered his keynote speech on Sano’ Amisen ita a somowal (let’s speak our indigenous languages) to show the heads of indigenous agencies across the country how they can use indigenous languages in public settings, administrative meetings, on signs, and when promoting other public officials to foster an environment where the use of indigenous languages is common and prevalent. Contact Details Media Contact Johnson Wu piuscswu@gmail.com

February 23, 2023 08:00 AM Eastern Standard Time

Image
Article thumbnail News Release

U.S. Army Rapper Takes Center Stage

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/cr-uqJDUPfk Most people don't know that there are more than 200 different careers in the Army, including musicians. Endless opportunities await Soldiers who are seeking an opportunity to serve the country while pursuing their passions and finding their purpose. There is no better example of the unexpected career paths for Soldiers than Staff Sergeant Lamar Riddick. As one of the first hip-hop artists in the Army, Staff Sergeant Riddick is an example of how the Army supports the dreams of Soldiers in and out of uniform. “Find out what your passion is. What do you love to do? See if that is available to you in the Army and you can still serve your country doing what you love” Staff Sgt. Riddick told an interviewer with Greensboro, NC station WGHP (Fox). If music is not your passion, the Army also has careers in the fields of science, medicine, technology, engineering, cyber and more. Soldiers also enjoy competitive benefits to help them continue to advance their careers and personal lives, including everything from healthcare, tuition assistance, home buying benefits, and so much more. “The Army has provided a great opportunity to have stability in my life through health coverage, to mental and physical therapy, to my finances. A great thing about the Army is being supported by an organization that also encourages travel and provides the resources. I had the opportunity to spend 26 days in Scotland preforming with the Army Field Band in front of thousands of people, that blew my mind and felt like a dream and I was able to do that through the support of the Army” Riddick added in an interview on WTTG TV in Washington, D.C. “The possibilities are endless” Riddick shared with the audience on Chicago’s WFLD TV. For more information on life in the Army, www.GoArmy.com Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 22, 2023 02:28 PM 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
Article thumbnail News Release

People Hub Puts the Employee Experience at the Heart of NAVEX One

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, today announced the launch of People Hub, a key component of the NAVEX One Governance, Risk, and Compliance Information System. People Hub combines employee-related compliance tasks into a single view for both employees and program administrators. It delivers a streamlined experience that simplifies and elevates the organization’s compliance program. As part of the NAVEX One platform, People Hub is included at no extra cost. NAVEX is the first provider of a GRC Information System that connects enhanced employee experience and automated risk and compliance processes with informed data-driven governance. NAVEX One People Hub is a single destination for all employee compliance tasks -- from onboarding new talent and reviewing the code of conduct to developing and executing more complex compliance workflows. People Hub also recognizes how work gets done today, and therefore is accessible on any device from desktop to tablets and mobile phones. “Organizations are navigating multiple macro trends impacting business risk, including increased employee expectations for greater transparency and being heard by management,” says Amy Cravens, IDC research manager, governance, risk and compliance. “Enhancing how an organization manages its risk and compliance, starting with the front-line employees, is a key element to driving operational and business success.” "Having everyone live into the organization's GRC program demands a unified, familiar user experience. NAVEX One People Hub makes this straightforward and intuitive for employees and administrators alike," said NAVEX Chief Product Officer, A.G. Lambert. "People Hub creates a central location where all compliance tasks are easily accessed and completed, allowing employees to be proactive when it comes to their compliance responsibilities. This in turn contributes to a workplace culture that delivers outcomes that matter most to the organization." Employee experience People Hub makes compliance readily understandable and more approachable by simplifying processes. It ensures team members stay up to date with their compliance-related activities while strengthening workplace culture with a more individualized and engaging experience. See unique tasks: People Hub presents new employees with a personalized onboarding experience with all their compliance tasks in a single, simple list that ensures they take prompt action and stay on track. Make a report or ask a question: Team members can file a report or incident, ask a question and follow up on their case in a safe inviting format. Review a policy or make a disclosure: People Hub makes it easy to access applicable policies and record past actions. This includes links to company policies, code of conduct and conflict-of-interest disclosure forms. Access resources from any device: From onboarding to ongoing compliance tasks, People Hub ensures resources are readily available from any device. Administrative workflows NAVEX continues to enhance its GRC Information System through the centralized management of key risk and compliance information. Distribution of all communication, training, tasks and other important information makes People Hub an intuitive employee compliance management solution. Manage compliance centrally: Create targeted compliance workflows using one centralized risk and compliance information system. Tailor workflows to titles: Quickly create or reuse compliance workflows based on different job types, departments, locations, and more. Get your message out: Easily deliver journeys (or other instructions) for onboarding and ongoing compliance-related tasks. This includes vital work-specific and regulatory attestations and training. Measure impact: See the process and status of employees' progress through assigned training, policy attestations and conflict-of-interest disclosures. Enhanced workplace culture People Hub’s customizable features allow administrators to create a familiar experience for employees that uses the organization’s branding and sets the tone for a healthy workplace culture that inspires trust. Easy access: Offers a simple URL with single sign on. Branded experience: Set the logo, colors and button shapes to match the company brand. Reinforce culture: Add a CEO message or other welcome message to reinforce and match the culture and voice of the organization. Worldwide customization: Offered in 15 standard languages with additional languages available. About NAVEX One GRC Information System NAVEX One enhances the employee experience, mitigates third-party risk, and automates risk and compliance processes for more informed, data-driven governance. As the first comprehensive GRC Information System, NAVEX One delivers shared services through an integrated data model. This provides insights across key areas of business risk generating greater operational efficiencies. NAVEX One creates a real-time view of compliance risk without silos – further bringing all governance, risk and compliance activity together into a single source of truth. To learn more about People Hub, visit https://www.navex.com/en-us/products/navex-ethics-compliance/people-hub/. Or, read our blog, “ Three ways to elevate your employee experience ” on Risk & Compliance Matters. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details NAVEX Scott Levesque +1 617-388-5773 scott.levesque@navex.com Company Website https://www.navex.com

February 21, 2023 08:30 AM Eastern Standard Time

Article thumbnail News Release

Volatus Aerospace Reports Preliminary Proforma Unaudited Revenue of Approximately C$38M for FY 2022 and Revenue Guidance of Approximately C$52M for FY 2023

Volatus Aerospace Corp.

Volatus anticipates unaudited proforma gross profit margin of approximately 31% in 2022 compared to 26% in 2021. Consequently, management is pleased to report preliminary full-year 2022 gross profit margin consistent with its original guidance. Volatus Aerospace Corp. (“ Volatus ” or “the Company ”) (TSXV:VOL) (OTCQB:VLTTF) is pleased to announce preliminary, unaudited proforma Net Revenue and Gross Profit results for the three-month period ended December 31, 2022 and year ended December 31, 2022 (“FY-2022”) and Revenue and Gross Profit guidance for the financial year ended December 31, 2023 (“FY-2023”). Volatus expects to report positive financial results underpinned by geographic and sector expansion. Based on preliminary unaudited proforma results for FY-2022 prepared by management, Volatus expects to report FY-2022 revenue of approximately C$38 million and FY-2022 Gross Profit of approximately C$11.6 million with an expected gross profit margin of approximately 31%. Additionally, Volatus is providing financial guidance targets for FY-2023. Volatus expects to report FY-2023 Revenue of approximately C$52 million and FY-2023 Gross Profit of approximately C$16.6M million with a gross profit margin of 32%. Factors contributing to the expected increases in revenue, gross profit and gross profit margin in FY-2023 include changes in product mix, conversion of existing active sales pipeline opportunities into sales, larger geographical presence, access to new markets and new products, commercialization of Volatus’ technologies such as Aerieport and ISR drones, and the scaling of operations in the defence segment. For greater clarity, the gross profit margin is derived solely by subtracting the costs of goods sold from total revenue and dividing such number by total revenue. Q4-2022 and FY-2022 Preliminary Results For the three-month period ended December 31, 2022 (“Q4-2022”) and FY-2022, on a preliminary unaudited proforma basis (as discussed in further detail below), management reports the following highlights: Q4-2022 unaudited proforma Net Revenue is expected to be between C$7 million and C$8 million. Without accounting for the proforma adjustment, Volatus expects to report unaudited revenue between C$6.5 million and C$7 million. The FY-2022 unaudited proforma Net Revenue is expected to be approximately C$38 million. Q4-2022 proforma Gross Profit is expected to be between C$2 million to C$2.5 million and FY-2022 unaudited proforma Gross Profit is expected to be approximately C$11.6 million. Organic revenue growth for FY-2022 compared to FY-2021 was approximately 45% as a result of access to new markets, entry in the defence segment, the sale of equipment, and continued growth in the service and training segment. Volatus expects to end 2023 with positive EBITDA on a run rate basis subject to maintaining the Company’s current growth, the level of investment expenditure, and the timing of its customer orders. Business Update At the end of FY-2022, Volatus has: Sold equipment and services on 3 continents. Expanded geographically in Latin America and the United Kingdom. Developed and began commercializing 4 proprietary technologies. Completed 5 acquisitions. Expanded our defence and public safety businesses. Subsequent to Q4-2022 Completed the acquisition of Empire Drone. Received a domestic service licence from the Canadian Transportation Agency to provide drone cargo services. Gross Profit Margin. The Company derives gross profit margin by subtracting costs of goods sold from total revenue and dividing such number by total revenue. “Despite macro-economic challenges and supply chain constraints, the Volatus team has continued to demonstrate strong execution in 2022. We issued a revenue guidance note of C$38M through a news release on February 16, 2022, and I am extremely proud of achieving our target,” said Abhinav Singhvi, CFO of Volatus Aerospace. “Continued geographic expansion, enhanced capabilities, accelerating industry adoption and cross-selling are expected to drive growth for the foreseeable future.” The Company cautions that the above results are preliminary in nature and unaudited, as the Company’s audit for FY-2022 has not yet been completed. Actual results for FY-2022 may differ materially from the estimates disclosed in this news release due to the completion of the Company’s financial closing procedures, final adjustments, review by the Company’s auditors and other developments that may arise between now and the time the financial results are finalized. Actual results for FY-2023 may differ materially from the estimates disclosed in this news release due to, among other things, supply chain challenges, the inability of strategic suppliers and resellers to perform their obligations, rapid changes in the industry, increased competition, regulatory changes and hurdles, and the inability to expand in different markets due to geo-political risks. These estimates are not a comprehensive statement of the Company’s financial results for Q4-2022, FY-2022 and FY-2023 and should not be viewed as a substitute for full financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”), and these estimates are not necessarily indicative of the results to be achieved for Q4-2022, FY-2022 and FY-2023. A number of economic, market, operational and financial assumptions were made by the management of Volatus in preparing its forward guidance, including, but not limited to, the conversion ratio of the Company’s sales pipeline, success in the bidding of RFQs, the ability to change the product mix and the Company’s ability to maintain a competitive position, retain and increase recurring revenue with customers, scale relationships with strategic suppliers, maintain gross margins and retain its sales force. The preliminary results provided in this press release constitute forward-looking information and future-oriented financial information within the meaning of applicable Canadian securities laws, are based on a number of assumptions and are subject to a number of risks and uncertainties. The purpose of this future-oriented financial information is to provide readers with an understanding of the Company’s ability to scale and maintain its competitive position and such future oriented financial information may not be appropriate for other purposes. Please see the section below entitled “Cautionary Note Regarding Forward-Looking Information and Future Oriented Financial Information”. The preliminary results have been prepared by, and are the responsibility of, management of the Company. The Company’s auditor, MS Partners, has not reviewed the preliminary results. Neither MS Partners nor any other independent accountants express an opinion or any other form of assurance with respect to the preliminary results. The Company will provide additional discussion and analysis regarding its fourth quarter revenue, gross profit, and EBITDA when the Company reports it Q4-2022 and FY-2022 results on April 17, 2023 after the close of markets. Non-IFRS Measures and Other Financial Measures This news release contains references to EBITDA and gross profit margin, which are not defined under IFRS. Management believes the presentation of these metrics gives useful information to investors and shareholders, as they provide increased transparency and insight into the performance of the Company. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Readers should not place undue reliance on non-IFRS measures and should instead view them in conjunction with the most comparable IFRS financial measures EBITDA. The Company defines EBITDA as IFRS net loss excluding interest expense, depreciation and amortization expense. EBITDA should not be construed as alternatives to comprehensive loss or income determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and, therefore, may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “future oriented financial information” within the meaning of applicable Canadian securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating and financial performance. Often, but not always, forward-looking information and future oriented financial information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information and future oriented financial information includes information regarding: (i) the Company’s expectations of net revenue, gross profit, gross profit margin and other financial projections for Q4-2022, FY-2022 and FY-2023; (ii) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information and future oriented financial information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information and future oriented financial information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information and future oriented financial information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and future oriented financial information reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Factors that could also cause actual results to differ materially from those anticipated in the forward-looking information and the future oriented financial information are described under the caption “Risk Factors” in the Company’s Annual Information Form dated June 30, 2022, which is available on SEDAR at www.SEDAR.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information and future oriented financial information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information and financial oriented financial information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information and future oriented financial information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

February 21, 2023 07:00 AM Eastern Standard Time

Image
1 ... 3233343536 ... 97