Indianapolis finance – Indynda http://indynda.org/ Fri, 04 Jun 2021 22:26:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://indynda.org/wp-content/uploads/2021/05/cropped-icon-32x32.png Indianapolis finance – Indynda http://indynda.org/ 32 32 Former National-First Midwest Bank deal to reshape Chicago’s loan market https://indynda.org/former-national-first-midwest-bank-deal-to-reshape-chicagos-loan-market/ https://indynda.org/former-national-first-midwest-bank-deal-to-reshape-chicagos-loan-market/#respond Fri, 04 Jun 2021 20:17:26 +0000 https://indynda.org/former-national-first-midwest-bank-deal-to-reshape-chicagos-loan-market/ It is a testament to the desire of many Chicago businesses and residents to do business with a truly local institution that Wintrust ranks in the top five in terms of local depot market share. Chicago-based Northern Trust, which is not really an investment bank and instead caters to the investment needs of the wealthy […]]]>


It is a testament to the desire of many Chicago businesses and residents to do business with a truly local institution that Wintrust ranks in the top five in terms of local depot market share. Chicago-based Northern Trust, which is not really an investment bank and instead caters to the investment needs of the wealthy and institutions, is also in the top five. The other three are JPMorgan Chase (due to the takeover of Bank One in 2004), BMO Harris Bank (a unit of BMO Financial Group based in Toronto) and Bank of America (through the agreement with LaSalle).

Wehmer says he’s not looking for a buyer, but he recognizes the reality of running a publicly traded company. “We are in no rush to do anything,” he said. “We are not for sale. If someone makes an offer that we cannot refuse, we will have to accept it.”

Fortunately for Chicago’s banking future, buying banks don’t make these kinds of offers these days. Currently in vogue are low- or no-premium deals like the one First Midwest agreed to from Old National, which involve less drastic cost cuts to justify the high price tag and are touted as “win-win” combinations for workers. , customers and communities.

But in the case of First Midwest, it’s hard to see the strategy behind this transaction even though it creates a bank the size of Wintrust. First Midwest and Old National barely compete with each other. Old National’s strongest market is his hometown; other markets where it’s # 1 or # 2 are smaller municipalities in Indiana like Terre Haute and Jasper. It’s present in Minneapolis, Milwaukee, and Indianapolis, but has the equivalent impact in those places that First Midwest makes Chicago much bigger.

Former National Ryan CEO and First Midwest counterpart Mike Scudder, who will become executive chairman, say they are building a premier bank in the Midwest. But most banking transactions, even so-called peer-to-peer mergers, strive to become more powerful players in at least some of the affected markets. This is not happening here. And, with the First Midwest branding going away, the new Old National will have to rebrand in by far the most expensive market it’s in: Chicago. First Midwest spent $ 11.5 million on advertising and promotions in 2019, and that dropped slightly to $ 10 million in the pandemic year.

Old National’s lending standards are more conservative than First Midwest’s. Ryan said on a June 1 call with analysts to discuss the deal, “I think we can afford to take more risks on our side.” But where will the credit decisions be made? And how will they change? The way this is resolved often sends more business borrowers looking for alternatives than any change other than their personal banker going to a rival.

Scudder dismissed questions about the rationale for the deal and said the two banks are extraordinarily similar culturally. “Culture will overtake strategy at all times,” he told analysts.

The two CEOs may love each other, but the biggest problem facing the new Old National is to succeed in Chicago, which will suddenly be its biggest and most important market and one of the most competitive and fragmented in the country. . “These are two different banks that have competed against each other in very different markets,” said Terry McEvoy, analyst at Stephens in Portland, Maine.

For years, Old National CEO Bob Jones, who Ryan succeeded in 2019, has repeatedly stated that he has no desire to enter the Chicago market due to its size and his foolish ways. Asked what has changed, Ryan told analysts that First Midwest is a rare opportunity and that Chicago has many small businesses and suburban markets that Old National is familiar with. “Someone asked us recently, how do you see yourself as a Midwestern powerhouse with no presence in Chicago?” Ryan said. “I thought that was a pretty interesting question, right?”

If Scudder was looking for a low-premium merger out of the banking industry, there was probably another very different, but potentially more value-creating option: teaming up with Wintrust and creating a real Chicago powerhouse that could go all the way. . -toe toe with Chase, BMO and every other lender in town, according to industry watchers. This, however, would have resulted in substantial cost reductions and job losses given the overlap between the two. This gives Scudder a three-year employment contract as executive chairman where he is likely to free up $ 5 million or more per year and now the ability to reassure the vast majority of his employees that their jobs are secure.

Whether this creates a first Midwestern bank is an open question.



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Summit Funding Group Promotes Hathcoat to Senior Vice President of Sales and Marketing https://indynda.org/summit-funding-group-promotes-hathcoat-to-senior-vice-president-of-sales-and-marketing/ https://indynda.org/summit-funding-group-promotes-hathcoat-to-senior-vice-president-of-sales-and-marketing/#respond Fri, 04 Jun 2021 11:09:27 +0000 https://indynda.org/summit-funding-group-promotes-hathcoat-to-senior-vice-president-of-sales-and-marketing/ Summit Funding Group promoted Dan Hathcoat to senior vice president of sales and marketing. Hathcoat joined Summit Funding Group in January 2006 to launch the company’s vendor finance division as Vice President of Sales. Hathcoat is responsible for developing and implementing the strategy to drive supplier-based origins, primarily in the technology, material handling, construction and […]]]>


Summit Funding Group promoted Dan Hathcoat to senior vice president of sales and marketing. Hathcoat joined Summit Funding Group in January 2006 to launch the company’s vendor finance division as Vice President of Sales.

Hathcoat is responsible for developing and implementing the strategy to drive supplier-based origins, primarily in the technology, material handling, construction and industrial equipment, healthcare and telecommunications. Hathcoat is also responsible for managing the corporate leasing group, working directly with Fortune 1000 end user customers to meet their operating leasing needs. In 2020, he led the launch of an internal marketing team at Summit Funding Group.

“Dan has played a vital role in the business since the day he joined the team in 2006 and his vast experience and experience has strengthened Summit’s ability to provide unparalleled service to suppliers and customers,” said Rick Ross, CEO of Summit Funding Group. “He is a respected industry professional whose talents and in-depth expertise have helped us move forward in this new environment and remain one of the largest independent equipment rental companies in the United States.”

Hathcoat began his career in commercial banking at Merchants National Bank in Indianapolis. After three years in the Commercial Lending group at National Merchant Bank, he joined Verizon Credit (formerly known as GTE Leasing), starting his career in the equipment rental industry. Hathcoat started as a District Credit Manager at Verizon Credit and received several promotions during his tenure including as Regional Credit Manager, District Sales Manager and National Sales Manager responsible for all credit programs. creation, pricing and remuneration of sales.

In March 1999, Hathcoat joined Bank of America Leasing (formerly Fleet Capital Leasing) as Vice President of Sales and was responsible for the growth and development of office products and the technology origination platform of the bank.

In July 2001, he joined American Express Business Finance in Houston as Vice President of Technology Group Sales and was responsible for the development and growth of the company’s IT and franchise markets, leading a team of sales and service staff composed of nearly 50 employees. Hathcoat was also responsible for starting the company’s franchise finance group and developing sales compensation plans for the team.

In September 2004, Hathcoat joined LEAF Financial as Regional Sales Manager to develop its supplier base in the technology segment in the South East and Mid Atlantic. He made the region the number one producing territory for national accounts sales for LEAF Financial.



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BraunAbility and Q’STRAINT Announce Transformative Mobility Company https://indynda.org/braunability-and-qstraint-announce-transformative-mobility-company/ https://indynda.org/braunability-and-qstraint-announce-transformative-mobility-company/#respond Thu, 03 Jun 2021 14:01:00 +0000 https://indynda.org/braunability-and-qstraint-announce-transformative-mobility-company/ Complementary companies are coming together to accelerate innovation in wheelchair accessible transportation technology for the disability community. INDIANAPOLIS, June 3, 2021 / PRNewswire / – For nearly 50 years, BraunAbility has been a leading manufacturer of wheelchair accessible vehicles and lifts. For over 35 years, Q’STRAINT has focused on the safety of wheelchair passengers inside […]]]>


Complementary companies are coming together to accelerate innovation in wheelchair accessible transportation technology for the disability community.

INDIANAPOLIS, June 3, 2021 / PRNewswire / – For nearly 50 years, BraunAbility has been a leading manufacturer of wheelchair accessible vehicles and lifts. For over 35 years, Q’STRAINT has focused on the safety of wheelchair passengers inside the vehicle as a leading provider of wheelchair and occupant securing solutions.

(PRNewsfoto / BraunAbility)

Today, the two companies announce a new venture to accelerate innovation for their customers and keep pace with technologies that are rapidly transforming the automotive landscape. A significant business opportunity will be greater integration of the design process, which will pave the way for systems-based solutions. This vertically integrated approach to design has significant potential for improving safety, quality and reliability for the disabled community.

“Wheelchair passengers face such a segmented experience when traveling,” said Patrick Girardin, co-president of Q’STRAINT. “We see huge opportunities to integrate technologies and create a new story, rewritten for inclusion. Together, we help ensure that new products create a more intuitive and effortless experience for our customers.

Major automotive OEMs and consumer tech players have announced hundreds of billions of dollars in future investments in electric and autonomous vehicles. BraunAbility and Q’STRAINT are teaming up to ensure that these rapidly evolving technologies include solutions for the disability community.

“The switch to these new technologies has the potential to change a remarkable number of lives if they are designed for inclusion,” said Staci Kroon, Global President and CEO of BraunAbility. “To keep pace with this historic change, our industry must combine investments in research and development and other resources, so that wheelchair users are included in the future of mobility.”

The combined effort will prioritize consumer innovation while maintaining the same levels of advanced technology, support and service for their dealers and business partners. One of these breakthroughs is QUANTUM, the only system that offers wheelchair passengers of transit buses complete independence by allowing them to secure themselves without the assistance of the bus operator. This time-saving, contactless technology allows the wheelchair passenger to board quickly and safely while the driver focuses on running on schedule.

“Our two companies have a customer-centric culture and prioritize the value of our long-term business partnerships,” said Kroon. “At BraunAbility, we say ‘Today, tomorrow, together’ because the best way to fulfill our mission to increase mobility in our communities is to partner with our dealers and business customers. This belief is shared by Q ‘ STRAINT and to ourselves. “

Together, BraunAbility and Q’STRAINT do business in over 70 countries, primarily in North America and European.

“In the end, it’s the customers who will win,” said Julie boynton, co-president of Q’STRAINT. “Because our missions aren’t changing, they’re just going to work together to change more lives.”

About BraunAbility

BraunAbility is a leading manufacturer of transportation solutions for mobility, including wheelchair accessible vehicles, lifts and seats, wheelchair storage and attachment products. Founded almost 50 years ago by Ralph braun, an entrepreneur who has spent most of his life in a wheelchair, the company has become a well-known and trusted name in the mobility industry, bringing independence to millions of people across the world. world. BraunAbility is a wholly owned subsidiary of Patricia Industries, a division of Investor AB. Visit BraunAbility.com for more information. Press inquiries can be submitted to mediaquestions@braunlift.com. For more information about the company, please contact Theo Verginis, General Counsel, at theo.verginis@braunability.com.

About Q’STRAINT

For over 35 years, Q’STRAINT has been an industry leader in wheelchair passenger safety solutions focused on developing the most innovative solutions to advance the safety and efficiency of wheelchair passenger travel. . From our head office located in Oakland Park, Florida the diverse global staff serve clients in more than 70 countries. With sales and a direct presence throughout the North and South America, Europe, Australia, Asia, the Middle East and Africa, we design, develop and test our security solutions for integration with nearly all of the major automotive OEMs in the world. Our mission to “make safety accessible” ensures that wheelchair passengers have access to the same levels of safety as those around them. For more information visit qstraint.com or follow us on Facebook, Twitter and Linkedin.

Contact:
BraunAbility
mediaquestions@braunlift.com
1-800-488-0359

Q'STREINT

Q’STRAINT

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Kite Realty Group Trust to Release Second Quarter 2021 Financial Results on August 2, 2021 https://indynda.org/kite-realty-group-trust-to-release-second-quarter-2021-financial-results-on-august-2-2021/ https://indynda.org/kite-realty-group-trust-to-release-second-quarter-2021-financial-results-on-august-2-2021/#respond Wed, 02 Jun 2021 20:15:00 +0000 https://indynda.org/kite-realty-group-trust-to-release-second-quarter-2021-financial-results-on-august-2-2021/ INDIANAPOLIS, June 02, 2021 (GLOBE NEWSWIRE) – Kite Realty Group Trust (NYSE: KRG) today announced that it will release financial results for the quarter ending June 30, 2021, following market close on Monday, 2 August. set up a conference call to discuss its financial results the next day, August 3, at 11 a.m. EST. The […]]]>


INDIANAPOLIS, June 02, 2021 (GLOBE NEWSWIRE) – Kite Realty Group Trust (NYSE: KRG) today announced that it will release financial results for the quarter ending June 30, 2021, following market close on Monday, 2 August. set up a conference call to discuss its financial results the next day, August 3, at 11 a.m. EST.

The calling numbers are (844) 309-0605 for national callers and (574) 990-9933 for international callers (Conference ID: 5090863). A live webcast of the conference call will be available at kiterealty.com. In addition, a web replay of the call will remain available on the company’s website.

About Kite Realty Group Trust
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in sought-after markets through our portfolio of neighborhood, community and lifestyle centers. Through our expertise in operations, development and redevelopment, we continually optimize our portfolio to maximize value and return to our shareholders. For more information, please visit our website at kiterealty.com.

Connect with the ARK: LinkedIn | Instagram | Twitter | Facebook

Safe harbor

This press release, along with other statements and information made publicly available by us, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions and expectations which may not be realized and which are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with precision and some of which may not even be anticipated. Future events and actual results, performances, transactions or achievements, financial or otherwise, may differ materially from the results, performances, transactions or achievements, financial or otherwise, expressed or implied by forward-looking statements.

Currently, one of the most important factors that could cause actual results to differ materially from forward-looking statements is the potential negative effect of the current novel coronavirus pandemic, or COVID-19, including possible resurgences, on the financial position, operating income, cash flow and performance of the Company and its tenants, the real estate market and the global economy and financial markets. The effects of COVID-19 have caused many of the Company’s tenants to close stores, reduce hours or severely limit service, making it difficult for them to meet their obligations, and will therefore have a significant impact on performance. Company for the foreseeable future. The extent of the impact of the COVID-19 pandemic on the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the extent, severity and duration of the pandemic, the measures taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and the containment measures, and the possible short and long-term effects of the pandemic on consumer behavior, between other. In addition, investors are urged to interpret many of the risks identified in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 as being increased due to of the adverse effects of the COVID-19 pandemic.

Other risks, uncertainties and other factors that could cause such differences, some of which could be material, include, but are not limited to: economic, business, real estate and other conditions at the national and local level, in particular in relation to a growth in the US economy as well as economic uncertainty; funding risks, including the availability and costs associated with sources of liquidity; the Company’s ability to refinance or extend the maturity dates of the Company’s debt; the level and volatility of interest rates; the financial stability of tenants, including their ability to pay rent and the risk of tenant insolvency and bankruptcy; the competitive environment in which the Company operates; acquisition, disposal, development and joint venture risks; risks associated with the ownership and management of assets; the Company’s ability to maintain its status as a real estate investment trust for US federal income tax purposes; environmental liabilities and other potentials; depreciation in the value of real estate held by the Company; the real and perceived impact of e-commerce on the value of shopping center assets; risks associated with the geographic concentration of the Company’s properties in Florida, Indiana, Texas, Nevada and North Carolina; civil unrest, acts of terrorism or war, natural disasters, climate change, epidemics, pandemics (including COVID-19), natural disasters and extreme weather conditions such as hurricanes, tropical storms, tornadoes, earthquakes, droughts, floods and fires which can lead to underinsured or uninsured losses; changes in government laws and regulations; government orders affecting the use of Company properties or the ability of its tenants to operate; possible short- or long-term changes in consumer behavior due to COVID-19 and the fear of future pandemics; insurance costs and coverage; risks associated with cybersecurity attacks and the loss of confidential information and other business disruption; other factors affecting the real estate industry in general; and other risks identified in the reports that the Company files with the Securities and Exchange Commission (“the SEC”) or in other documents that it publicly discloses, including, in particular, the section entitled “Factors of risk ”in the Company’s annual report on Form 10 -K for the fiscal year ended December 31, 2020, and in the Company’s quarterly reports on Form 10-Q. The Company assumes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact details: Kite Realty Group Trust

Jason colton
Senior Vice-President, Capital Markets and Investor Relations
317.713.2762
jcolton@kiterealty.com



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Play with a pro! Nyheim Hines, NFL Indianapolis Colts Running Back joins the MDA Let’s Play gaming community on June 12 from 7 p.m. to 8 p.m. for Game Night https://indynda.org/play-with-a-pro-nyheim-hines-nfl-indianapolis-colts-running-back-joins-the-mda-lets-play-gaming-community-on-june-12-from-7-p-m-to-8-p-m-for-game-night/ https://indynda.org/play-with-a-pro-nyheim-hines-nfl-indianapolis-colts-running-back-joins-the-mda-lets-play-gaming-community-on-june-12-from-7-p-m-to-8-p-m-for-game-night/#respond Tue, 01 Jun 2021 20:55:00 +0000 https://indynda.org/play-with-a-pro-nyheim-hines-nfl-indianapolis-colts-running-back-joins-the-mda-lets-play-gaming-community-on-june-12-from-7-p-m-to-8-p-m-for-game-night/ Viewers and gamers can look forward to an exciting evening of programming, including gameplay from popular titles Among Us and the Jackbox games, with children and families living with muscular dystrophy, ALS and associated neuromuscular diseases, coming together to create a community. NEW YORK, June 1, 2021 / PRNewswire / – The Muscular Dystrophy Association‘s […]]]>


Viewers and gamers can look forward to an exciting evening of programming, including gameplay from popular titles Among Us and the Jackbox games, with children and families living with muscular dystrophy, ALS and associated neuromuscular diseases, coming together to create a community.

NEW YORK, June 1, 2021 / PRNewswire / – The Muscular Dystrophy Association‘s (MDA) 2021 national spokesperson, Nyheim Hines, running back for the NFL Indianapolis Colts, will join the MDA Let’s play community of players on saturday 12 june of 7-8 p.m. for the organization’s weekly game night. Hines, whose mother lives with Girdle Muscular Dystrophy (LGMD), joins families living with muscular dystrophy, ALS and related neuromuscular diseases to raise awareness and fundraise for the mission. The prizes offered by Hines include personally signed Indianapolis Colts jerseys. This feed will be hosted by Beaniez, and special guests will be passing through the evening.

“I love the game and I love helping MDA amplify its mission so that we can find cures for my mother and all the families in MDA. Raising awareness and coming together as a community through the game is a chance for everything. the world to connect and energize the mission of funding breakthrough science and care through research, ”Hines said.

Players across the NFL have supported the Muscular Dystrophy Association for many decades, and Hines’ support for MDA in My Cause, My NFL Cleats annual campaign, caught the attention of a 17-year-old Jayston paulson. After a hip injury derailed him in 8e grade, Paulson was diagnosed with Lambert-Eaton myasthenic syndrome (LEMS). Undeterred, Paulson secured a spot on his football team in his sophomore year before becoming 1st all-district team during his junior year. As someone who pursued football despite his neuromuscular disease, Paulson saw Hines’ commitment to MDA and wanted to support the organization alongside him. Paulson will play with Hines on saturday 12 june.

“I am delighted to meet Nyheim! I really like the way he represents neuromuscular diseases as a spokesperson for MDA this year, especially with his custom MDA cleats which first caught my attention!” Paulson said. “After reading more about him and learning what he’s been through with his family, it’s cool to know that there is someone out there who plays the game that I love, who can actually relate to me. in a way. I thought maybe I was the only connection between that disease and playing football. “

Hines’ studs included the names of his grandmother, mother and uncle, who live or lived with girdle muscular dystrophy (LGMD), one of 43 neuromuscular diseases that MDA treats and seeks to cure.

The purpose of MDA’s weekly game night programming, which was launched to keep families connected throughout the pandemic, is to raise awareness and fundraise for the mission of providing the best care, funding clinical trials. and finding cures, and advocating for access for the disabled community. . MDA Let’s Play is now a year round gaming community that meets on weeknights and every weekend for Saturday night gaming evenings.

The community has solidified throughout the pandemic, with MDA families at high risk of COVID-19. MDA provided a safe place for families to reunite and for MDA summer campers nationwide to stay in touch with their friends when the in-person camp was canceled due to the pandemic. To date, over 2,000 people have joined the MDA Let’s Play community on Tic and Discord. You can follow MDA Let’s Play for daily updates here.

“It has been extremely gratifying to be able to keep our families connected through our virtual programming all year round. The game is a great equalizer for people with disabilities and provides a platform for entertainment and inclusion. MDA Let’s Play is one. Innovative gaming platform that connects influential players and streamers with our community. We are delighted to welcome our national spokesperson, Nyheim Hines to the game, ”said Kristine welker, Chief of Staff, MDA.

MDA Let’s Play Background
MDA Let’s Play launch press release
MDA Let’s Play For A Cure Streamathon
In 2020, MDA Let’s Play For A Cure brought together some of the biggest names in gaming, including Zedd, missharvey, Voyboy, Trick2g, JonSandman, Clayster from NY Subliners, and Stixxay and xSojin from Counter League Gaming, among others, and showcased gameplay from Among us, League of Legends, Rocket League, fall guys, Call of Duty and more.

About Muscular Dystrophy Association
For 70 years, the Muscular Dystrophy Association (MDA) has been committed to transforming the lives of people with muscular dystrophy, ALS and related neuromuscular diseases. We do it through scientific innovations and innovations in care. As the primary source of funding for neuromuscular disease research outside the federal government, MDA has committed more than $ 1 billion since our inception to accelerate the discovery of therapies and remedies. Research we have supported is directly linked to life-changing therapies for several neuromuscular diseases. MOVR from MDA is the first and only data center that consolidates clinical, genetic and patient-reported data for several neuromuscular diseases to improve health outcomes and accelerate drug development. MDA supports the largest network of multidisciplinary clinics providing top-notch care in over 150 of the country’s top medical facilities. Our Resource center serves the community with specialized one-on-one support, and we offer educational lectures, events and materials for families and healthcare providers. MDA advocacy supports equal access for our community, and each year thousands of children and young adults learn life skills and gain independence in summer camp and through recreational programs at no cost to families. During the COVID-19 pandemic, MDA continues to produce virtual events and programs to support our community when in-person events and activities are not possible. COVID-19 guidelines and MDA virtual events are posted on mda.org/COVID19. For more information visit mda.org.

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SOURCE Muscular Dystrophy Association





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publishes the financial statements for the first quarter of 2021 https://indynda.org/publishes-the-financial-statements-for-the-first-quarter-of-2021/ https://indynda.org/publishes-the-financial-statements-for-the-first-quarter-of-2021/#respond Mon, 31 May 2021 15:20:59 +0000 https://indynda.org/publishes-the-financial-statements-for-the-first-quarter-of-2021/ DGAP-News: Fyber NV / Keyword (s): Quarterly / interim report / Quarterly results31.05.2021 / 17:20 The issuer is solely responsible for the content of this advertisement. Fyber NV publishes financial statements for the first quarter of 2021179% year-over-year revenue growth in the first quarter of 2021Programmatic video advertising represents 48% of global revenue Highlights Berlin, […]]]>


DGAP-News: Fyber NV / Keyword (s): Quarterly / interim report / Quarterly results
31.05.2021 / 17:20
The issuer is solely responsible for the content of this advertisement.

Fyber NV publishes financial statements for the first quarter of 2021
179% year-over-year revenue growth in the first quarter of 2021
Programmatic video advertising represents 48% of global revenue

Highlights

Berlin, May 31, 2021 – Fyber NV (“Fyber” or the “Company”, FSE: FBEN), leader in application monetization, today released its financial results for the first quarter of 2021. The company achieved revenues of 85.6 million euros (Q1 2020: 30.7 million euros) – more than 179% – to a positive adjusted EBITDA of € 7.4 million (Q1 2020: – € 0.8 million).

Video advertising revenue grew over 900% in the first quarter of 2021 to € 41 million compared to the same period last year and now accounts for 48% of Fyber’s overall business. This positive development has been made possible by specific product and sales initiatives, integrating with the main sources of demand and developing the company’s activities with existing partners. Fyber’s award-winning video offering is one of the factors driving the rapid growth, which has developed into the fastest growing ad format on the stack.

As the company’s revenue growth is driven by video advertising, Fyber has maintained a leading balanced approach with technology, investing in sustainable growth and a comprehensive publisher monetization solution. Evidenced by the fact that programmatic display advertising revenue also contributed to the expansion, growing 125% year-on-year in the first quarter of 2021. In addition, a significant portion of revenue was generated by new customers. The company has built a strong pipeline for 2021 and onboarded more than 70 new publishers in the first quarter alone.

Following the recent debt-to-equity conversion of a large portion of Fyber’s convertible bond facility, the Company repaid all outstanding bonds through an early redemption process. With this, the Company completed the full amortization of the bonds. On May 25, 2021, Digital Turbine (NASDAQ: APPS) announced that it had obtained control of Fyber in accordance with Section 35 (1) WpÜG and that it would issue a binding offer to all exceptional Fyber shareholders in due time. desired.

The current growth trajectory and positive market outlook underscore the company’s increased outlook for the full year 2021, which expects to generate revenue of between € 300m and € 350m – an increase of at least 43% compared to 2020 – for a net turnover of between 60 and 70 million euros and an adjusted EBITDA of between 15 and 20 million euros.

Ziv Elul, CEO of Fyber, commented: “This past quarter marked the best start to the year for Fyber to date. Not only have we maintained the positive momentum of the fourth quarter of 2020 and achieved 179% year-over-year revenue growth. The company also realized more than 7 million euros in adjusted. The EBITDA profit significantly increased the growth and profitability outlook for the full year 2021 and fully repaid all outstanding convertible bonds. Growth, EBITDA earnings and improved financial position are evidence of the successful turnaround of the company. We are very excited to enter Fyber’s next phase of growth with Digital Turbine. “

Key figures

Q1

Full year

In millions of euros

2021

2020

Change from year to year

2020

Returned

85.6

30.7

179%

209.8

EBITDA *

7.4

(0.8)

n / A

5.6

* Note: Adjusted EBITDA excluding one-off impacts, not a measure calculated in accordance with IFRS; all quarterly figures are unaudited.

###

About Fyber
Fyber is a global technology company developing a next-generation monetization platform for mobile app publishers. Fyber combines proprietary technologies with mediation, programming and video expertise to create holistic solutions that shape the future of the app economy. Fyber has global offices in Berlin, Tel Aviv, San Francisco, New York, London, Seoul and Beijing. It is listed on the Frankfurt Stock Exchange under the symbol FBEN. To learn more, visit www.fyber.com.

Investor contact
Sabrina kassmannhuber
ir@fyber.com
+49 30 609 855 555

05.31.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
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France’s public deficit in 2021 should be 9.4%, according to the Minister of Finance https://indynda.org/frances-public-deficit-in-2021-should-be-9-4-according-to-the-minister-of-finance/ https://indynda.org/frances-public-deficit-in-2021-should-be-9-4-according-to-the-minister-of-finance/#respond Mon, 31 May 2021 06:50:55 +0000 https://indynda.org/frances-public-deficit-in-2021-should-be-9-4-according-to-the-minister-of-finance/ Globe Newswire DSV, 888 – REDEMPTION OF SHARES IN DSV PANALPINA A / S Company Announcement # 888 On April 27, 2021, we launched a share repurchase program, as described in Company Announcement # 883. According to the program, the company will buy in the period of April 27 2021 to July 28, 2021 own […]]]>


Globe Newswire

DSV, 888 – REDEMPTION OF SHARES IN DSV PANALPINA A / S

Company Announcement # 888 On April 27, 2021, we launched a share repurchase program, as described in Company Announcement # 883. According to the program, the company will buy in the period of April 27 2021 to July 28, 2021 own shares up to a maximum value of DKK 4,000 million and no more than 4,000,000 shares, corresponding to 1.79% of the share capital at the start of the program. The program has been implemented in accordance with Regulation No 596/2014 of the European Parliament and of the Council of April 16, 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, also known as Safe Harbor Rules . Trading day Number of shares repurchased Average transaction price Amount DKK Cumulative trading for the days 1-16729931 1391.45 1015661.94117: May 25, 2021 20,600 1468.96 3026057618: May 26, 2021 30,000 1474.57 4423710019: May 27, 2021 34209 1472.25 50364, 20020: May 28, 2021 16500 1481.72 24448380 Cumulative trading days 1-20831.240 1401.49 1164972197 To date, DSV Panalpina A / S holds a total of 2,522,344 shares with a par value of 1 DKK in DSV Panalpina A / S, corresponding to 1.13% of the total number of issued shares of 224,000,000. Details of each transaction carried out under the share buyback program are published on investor.dsv. com. Any questions can be directed to the Executive Vice President, Investor Relations, Flemming Ole Nielsen, tel. +45 43 20 33 92. Regards, DSV Panalpina A / S Attachment 888 – Announcement (31.05.2021) – Sharebuyback



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The first Bitcoin-sponsored race car to debut at the Indy 500 https://indynda.org/the-first-bitcoin-sponsored-race-car-to-debut-at-the-indy-500/ https://indynda.org/the-first-bitcoin-sponsored-race-car-to-debut-at-the-indy-500/#respond Sat, 29 May 2021 07:25:25 +0000 https://indynda.org/the-first-bitcoin-sponsored-race-car-to-debut-at-the-indy-500/ Bitcoin will make its scheduled debut at America’s most famous auto race, the Indianapolis 500 on Sunday. IndyCar Series Team Ed Carpenter Racing (ECR) No.21 Bitcoin Chevrolet will line up at the start line with 32 other cars at the iconic Indianapolis Motor Speedway, also known as the Brickyard, so named for the cobblestones that […]]]>


Bitcoin will make its scheduled debut at America’s most famous auto race, the Indianapolis 500 on Sunday.

IndyCar Series Team Ed Carpenter Racing (ECR) No.21 Bitcoin Chevrolet will line up at the start line with 32 other cars at the iconic Indianapolis Motor Speedway, also known as the Brickyard, so named for the cobblestones that lined the course at his beginnings. years. The black and orange car bearing the Bitcoin logos is the first racing car sponsored by members of the Bitcoin community.

“Bringing my personal interest and immersion in Bitcoin to our industry is historic,” Team owner Carpenter said earlier this month in A press release announcing the arrangement. “… I see this as an opportunity to transform the way we operate in our own motorsport industry.

Related: Globant says he bought 500 Bitcoin in the first quarter

ECR’s Bitcoin sponsorship is among the latest examples of cryptocurrency mixing with professional sports. In March, Major League Baseball’s Oakland A’s announced that they would accept bitcoin as payment for seasonal suites. Last month, NBA President Sacramento Kings and CEO Vivek Ranadivé said at a Clubhouse rally that he would give his players and staff a bitcoin payment option.

Dutch Driver and 2020 NTT IndyCar Series Rookie of the Year Rinus VeeKay will drive the black and orange car bearing the Bitcoin logos, which will also adorn his firefighter suit and the uniforms worn by the team’s pit crew.

Carpenter tell AutoWeek in a May 13 story that he owns Bitcoin and saw it as an innovative way to compete with other racing – and sports – teams for coveted sponsorship money.

“We’re a sponsorship-driven industry and it’s getting harder and harder to compete in space with other racing teams, with other marketers, with other sports properties,” he said. he told AutoWeek. “I am involved in this area and I see many opportunities to change the way we do business.”

Related: Market wrap: Bitcoin slips to $ 35K, ETH to $ 2.4K on Biden, environment down

ECR has partnered with the Strike payments app to enable payments and donations this month. A unique QR code allowed anyone in the world to donate – what ECR described in its press release as “the world’s first peer-to-car contribution model”.

The racing team is also the first of Indy’s races to offer its employees the option of accepting bitcoin as a payment option.

Carpenter said he chose 21 to refer to the 21 million bitcoins that Satoshi Nakamoto created when he launched his digital currency.

VeeKay will start from the front row of Sunday’s race after averaging over 231 mph in qualifying races last week.

“With the power of the Bitcoin community supporting ECR … our team is more than ready to attack the Indy 500 and capture our first Borg Warner Trophy (which goes to the winner of the Indy),” Carpenter said in a statement. May press release. “We want to kiss the bricks, drink the milk, then watch Bitcoin race past $ 100,000!”

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How an Indianapolis School Has a High Graduation Rate in the Pandemic Era https://indynda.org/how-an-indianapolis-school-has-a-high-graduation-rate-in-the-pandemic-era/ https://indynda.org/how-an-indianapolis-school-has-a-high-graduation-rate-in-the-pandemic-era/#respond Fri, 28 May 2021 18:04:19 +0000 https://indynda.org/how-an-indianapolis-school-has-a-high-graduation-rate-in-the-pandemic-era/ After graduating from high school, 18-year-old Mahkenzee Osby posed for a photo in her white graduation gown with her 7-month-old daughter perched on her hip. Osby, who graduated Thursday from Simon Youth Academy at Circle Center Mall, said she felt proud to graduate from high school. After getting pregnant in her first year, she wasn’t […]]]>


After graduating from high school, 18-year-old Mahkenzee Osby posed for a photo in her white graduation gown with her 7-month-old daughter perched on her hip.

Osby, who graduated Thursday from Simon Youth Academy at Circle Center Mall, said she felt proud to graduate from high school. After getting pregnant in her first year, she wasn’t sure she could do it on time.

“It means everything,” she said, wiping away her tears. “I finally did.”

Simon Youth Academy, an alternative high school in Indianapolis public schools, was established to help students like Osby overcome the challenges of earning degrees. The school recruits juniors and seniors at risk of dropping out and gets them back on track with one-on-one course loads, one-on-one instruction and opportunities to graduate early.

The academy’s teaching model has proven to be effective even during a pandemic. This year, 62 students graduated from the school, the most in six years of history.

All of the students who were on track to graduate at the start of the year did so, as well as the additional students who graduated early through crash course plans, resulting in a rate of 132% graduation. The academy’s graduation rate has exceeded 100% every year since its inception, school officials said, far exceeding the state average of nearly 88% last year.

More than 125 family and friends, many of whom were holding shiny balloons and colorful bouquets, howled and cheered as their loved ones walked across the stage. Cries of “Go on, girl!” and, “It’s my baby!” echoed throughout the Indianapolis Arts Garden as students lowered their masks and smiled to take photos with their diplomas.

“It means a lot,” said Tina Jackson, mother of graduate Lamonica Venerable, who completed all of her classes last fall. “When she graduates, she can go straight to college, pursue her career.”

Many students, who transferred from schools such as Arsenal Tech, Purdue Polytechnic and Shortridge, said that if they had not found Simon Youth Academy, they were not sure whether they had graduated. .

The Simon Youth Foundation, a national non-profit organization, operates 41 academies in Simon-owned malls across the country. More than 22,000 students have graduated from the academies since the foundation first opened in 1998.

Principal Robert Moses said the Circle Center academy faces many challenges this year, including virtual education, parents losing their jobs, students and their families contracting COVID-19, and more. He was concerned that some students would not complete high school, but was ultimately amazed at the high number of graduates.

“I have to laugh, because some of you did it with the skin of your teeth – but you did,” Moses said in a graduation speech.

Teachers at Simon Youth Academy, who in previous years frequently texted and called students and parents, stepped up their communications during virtual schooling, Moses said. If a teacher noticed that a student was not actively working on their virtual lessons, they would text them to remind them to focus. Teachers often video chatted with students or even went to their homes to check in.

Chris Perez, a first-generation high school graduate, said the one-on-one relationships he developed with academy teachers changed his education.

Perez spent the first half of high school at Arsenal Tech and Purdue Polytechnic, where he said classes were typically 20 to 30 students and teachers were often busy or absent.

“They weren’t really into what they were teaching, they were just trying to get through the day,” Perez said.

Partly because of this lack of supervision, Perez said he blunders most of the time with his friends, leading him to drop several classes at the end of second year. Since he was so late, he no longer saw the point in trying.

“I think it was like the lowest point I had come to,” Perez said.

But at Simon Youth Academy, Perez thrived. In the mall’s quiet classrooms, a teacher was always available to answer questions, and because he worked on a personalized class schedule, he could focus on himself rather than his friends. He invented the five lessons he missed in second year and got back on track.

On Thursday, he gave the opening speech for his class.

After Perez spoke, Moses handed him an orange folder. Perez had won a Simon Youth Scholarship, which will provide him with $ 3,750 for up to four years – almost covering the $ 4,500 tuition fee at Ivy Tech Community College, where he plans to major in finance.

“A lot of weight was lifted off my chest,” Perez said. “I can finally make the transition to the next part of my life.”



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IndyCar woos black fans, pilots in its desire to diversify https://indynda.org/indycar-woos-black-fans-pilots-in-its-desire-to-diversify/ https://indynda.org/indycar-woos-black-fans-pilots-in-its-desire-to-diversify/#respond Fri, 28 May 2021 15:39:46 +0000 https://indynda.org/indycar-woos-black-fans-pilots-in-its-desire-to-diversify/ INDIANAPOLIS (AP) – Rod Reid led a program filled with young black go-kart racers excluded from a venue due to the pandemic and in need of a track to race on. Indianapolis Motor Speedway had spent millions on modernizing the historic property around the same time last year, when the coronavirus had a firm grip […]]]>


INDIANAPOLIS (AP) – Rod Reid led a program filled with young black go-kart racers excluded from a venue due to the pandemic and in need of a track to race on.

Indianapolis Motor Speedway had spent millions on modernizing the historic property around the same time last year, when the coronavirus had a firm grip on the country. There was no guarantee – even if the doors were open – that there would be room for NXG Youth Motorsports usual place to teach kids STEM lessons in a makeshift classroom in the paddock or have their drivers run around the cone-lined course in a parking lot.

The suggestion was made to Reid: why not call the new boss of IMS?

His appeal for help last June to Roger Penske – Reid noted the 2,300 children aged 11 to 15 who have been through school for more than 15 years in search of a path to motorsport – instead turned into a surprising revelation for the captain.

Yes, the kids at NXG needed a place to learn and hone their craft. But the booming riders also represented a rare chance for a seriously under-represented minority group in racing to feel at home indoors. the sprawling, 111-year-old speedway.

“We told him what we were talking about and he was really surprised,” said Reid. “He didn’t know we existed. The reason we started, especially the idea of ​​exposing the black community at Indianapolis Motor Speedway, surprised him as he said he couldn’t believe people didn’t feel welcome. here. I told him, you talk about years, years and years, when a person of color couldn’t even go on the speedway.

Penske, 84, offered IMS an NXG space to take over the program and, essentially, a fresh start. He helped NXG start a working relationship with Chevrolet, and the program secured loans to purchase a truck for its trailer. Discussions with Penske came soon after George Floyd’s death, a catalyst which partly led to IndyCar Race for Equality and Change Initiative support diversity and inclusiveness across the industry.

“I think the idea that a group of people wouldn’t feel welcome in a place he bought and a sport he loves, like me, makes absolutely no sense to him,” said Reid.

Just as NASCAR dealt with its own racial calculation last year, IndyCar set out to create a more diverse workforce across all levels of a series that only had two black drivers racing in the Indy. 500, its annual demonstration event which dates back to 1911. Willy T Ribbs became the first black driver to start the race in 1991 (and again in 1993) and George Mack in 2002 are.

“Isn’t it sad all these years and not another black pilot?” Reid said.

Ribbs, 66, who rides for the Superstar Racing Experience series this summer, said he never cared much about his role as the Indy 500 pioneer.

“It didn’t matter. I didn’t care,” he said. “Still not. It didn’t mean anything. I was focused on going fast and trying to win. If you focused on anything other than that when you were there you were going to be injured or killed.

Programs launched in recent months are designed to go way beyond the cockpit, but an anchor of IndyCar’s plan has been the creation of Force Indy, an all-black racing team led by Reid who competes in the IndyCar USF2000 Series scale. Force Indy has hired and developed Mechanics, Engineers and Black pilots throughout its team. Myles Rowe, who turns 21 in June, drives for the team and has been classified as a potential Indy 500 driver.

“The goal in 2023 is for an African American, male or female, to try to qualify for the 500,” Penske said.

Jimmie McMillian, Director of Diversity at Penske Entertainment, is the architect intends to design a new era in the open wheel series. He said members of the black community who live near the IMS consider never having attended an Indianapolis 500 as a sort of badge of honor. They take a close look at one of the sport’s most famous venues and don’t really see anyone like them, certainly not on the starting grid.

“We want to make sure our paddock represents the fan base that we hope to have,” said McMillian. “My # 1 goal, I think every day, is to get rid of the concept that this is a white sport and that people are not welcome here.”

Years before Penske took over as helm of the series, IndyCar had a diversity committee that worked on recruiting and retaining both the series and the IMS. While McMillian watched the number of women involved on the business side as a positive point for the series – around 35% to 40% of the workforce are women – the minority composition “was probably where we struggled”.

“We tried to figure out why we were so monolithic in our employee base,” McMillian said.

IndyCar’s solution was an attempt to become more aggressive and creative in its outreach efforts – how to find the best and brightest in urban communities and persuade them to seek careers in the paddock. Yes, there was a greater presence on social media and ticket drives, and some of the usual promotional incentives such as working with key community stakeholders such as the Indianapolis Urban League.

“Someone has to take that first step,” Penske said. “I think in the position we find ourselves in, we can be leaders in this area. We will continue to do so. We look at the people we do business with. The people we hire. We have a much deeper focus. We have that within our company. But I think from a racing point of view, I think we have that responsibility.

For McMillian, it was the 1 to 1 connection, the personal stories that could be shared with kids and adults alike that Indianapolis Motor Speedway was as welcoming to them as any fan enjoying a pork tenderloin sandwich as the cars were going at 200 mph on race day.

“How successful could you be as a person of color if you don’t see successful people?” McMillian asked. “So it’s telling that story and going to different communities to say, not only do we want you to be here, but there are different paths to success for you and your race doesn’t matter. It’s a great place to work. “

McMillian changed tires and did oil changes at a tire dealership in Bloomington, Indiana in the late 1990s when his colleagues invited him to a NASCAR race at the Brickyard. He was instantly impressed by the crowded crowds and fast cars, but Confederate flags and “South Will Rise Again” t-shirts made him uncomfortable and cast doubt on his pursuit of a career. in motorsport.

He is now leading a charge for change.

IndyCar didn’t necessarily have a moment like NASCAR last year when Black Driver Bubba Wallace led the demand for the production car series to ultimately ban the Confederate flag of its races and sites.

IndyCar kept an eye on how NASCAR added minority owners like Michael Jordan and Pitbull, and McMillian said there was even more for the NHRA to study: The drag racing series has been around for a long time. a leader in diversity and has essentially made gender, race – and even socio-economics – non-factors in pursuing a career in motorsport.

This hasn’t always been the case in IndyCar.

“I knew I wasn’t treating on an equal footing,” Ribbs said. “I wasn’t getting the same opportunities on the basis of one thing, and not because I couldn’t win. I wasn’t getting support because I was African American. Support the meaning of American business. “

With a few exceptions for drivers born into legacy families, pursuing a racing career is as much about sponsorship, money and connections as it is talent, and the excitement is part of the job. IndyCar took a closer look at identifying companies willing to support development teams or help secure equipment for upcoming programs. It also means developing a racing career path for women and minorities in a variety of jobs outside the cockpit ranging from racing engineers to public relations and sponsorship sales and beyond; Reid is a former member of the yellow shirt security team who denounces whistleblowers.

“Some people say having a driver in a car is going to make all the difference in the world, but if you listen to Lewis Hamilton he is very adamant that when he gets out of the car and goes to the Mercedes paddock, not all faces look like him, “said McMillian, referring to the seven-time Formula 1 champion, who is black.” His success did not change that. I have the same concern, quite frankly, that if we were successful enough to have IndyCar’s Lewis Hamilton, that alone wouldn’t be what we need to really make the change we need in the sport.

IndyCar created incentives for teams and track promoters who pushed diversity efforts. NXG students will ride go-karts in Detroit as part of a pilot program that could lead to a full season schedule in 2022, and program expansion is planned across the country.

NXG, funded in part by sponsorship from Lucas Oil, has yet to send a student to IndyCar, although there might not be a better time for kids to feel capable of succeeding in a some extent to IMS.

Penske is committed at all levels and yes diversity can be good for results, but he took a hands-on approach with ideas that could spark fundamental change in the sport.

“He says, what can we do, let’s go,” McMillian said.

Look around IMS and a tangible culture change is happening. The USF2000, the first rung on the IndyCar road, raced at the IMS over the IndyCar Grand Prix weekend, and more black fans seemed to be visiting the track and watching the race than McMillian could remember. .

“They said, ‘I didn’t know there were so many black people coming to the races,’ he said. “The story now is that there are a lot of black people here. We need to make sure that everyone in our community, for one reason or another, can say, “I’ve been on the trail”. “

___

Online: https://apnews.com/hub/indycar

Dan Gelston, The Associated Press



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