Press Release Submission and Distribution Services | Press Release Power

CABC Announces Additions to its Advisory Board

Mon, 03 May 2021 12:54:19 +0600

Today the Canadian American Business Council announced two additions to its distinguished Advisory Board. The Honorable Kelly Craft and the Honorable Heidi Heitkamp will join the CABC Advisory Board to provide key insights and guidance to the Board of Directors, committees of the Board, and the executive leadership.

Ambassador Kelly Craft served as the United States Permanent Representative to the United Nations from 2019 to 2021, and U.S. Senator Heidi Heitkamp served as the first female senator elected from North Dakota from 2013 to 2019. Their combined expertise will bring significant perspective to the Advisory Board as it works to strengthen and advance the Canada-US relationship.

"The CABC's strength lies in its ability to bring together diverse voices from across the aisle, boardroom, and border," says CABC CEO Maryscott Greenwood. "As our countries navigate significant issues affecting our relationship, including North American trade, climate change, the pandemic recovery and reopening our shared economies, Ambassador Craft and Senator Heitkamp will provide welcomed counsel."

"I am delighted to join this distinguished group of leaders advising the CABC. Ever since my first day as Ambassador to Canada, I valued the wise counsel of the Council's Advisory Board members on key bilateral issues, and it is an honor to now count myself among them. I look forward to continuing to build on the important work of the USMCA which was a milestone achievement during my tenure in Ottawa," said Ambassador Kelly Craft.

"As a lifelong resident of a northern border state and a proponent of strong Canada/US relations, I couldn't be more delighted to join such a distinguished group of leaders from all political stripes and from both sides of the border to advance this essential relationship," said Senator Heidi Heitkamp.

The new members will join the existing members of the Advisory Board, which includes former US and Canadian ambassadors, and provincial, state and federal leaders.

About the CABC: Established in 1987, the Canadian American Business Council is the leading non-profit, non-partisan, issues-oriented organization dedicated to fostering dialogue between the public and private sectors in Canada and the US. Members are key business leaders and stakeholders from both sides of the border ranging from entrepreneurs to best name brands in the world. Collectively, CABC members employ about two million people and have annual revenues of close to $1.5 trillion. For more information, visit www.cabc.co.

SOURCE Canadian American Business Council

Source URL - https://www.prnewswire.com/news-releases/cabc-announces-additions-to-its-advisory-board-301281589.html

BOSTON SCIENTIFIC INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Boston Scientific Corporation - BSX

Sat, 01 May 2021 09:32:55 +0600

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Boston Scientific Corporation (NYSE: BSX).

On November 17, 2020, the Company announced a global recall of all unused inventory of its LOTUS Edge Aortic Valve System, due to "complexities associated with the product delivery system," and that "[g]iven the additional time and investment required to develop and reintroduce an enhanced delivery system, the company has chosen to retire the entire LOTUS product platform immediately."

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws, which remains ongoing.

KSF's investigation is focusing on whether Boston Scientific's officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Boston Scientific shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-bsx/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

lewis.kahn@ksfcounsel.com

1-877-515-1850

1100 Poydras St., Suite 3200

New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC

Source URL - https://www.prnewswire.com/news-releases/boston-scientific-investigation-initiated-by-former-louisiana-attorney-general--kahn-swick--foti-llc-investigates-the-officers-and-directors-of-boston-scientific-corporation---bsx-301281549.html

Pomerantz Law Firm Announces the Filing of a Class Action against 3D Systems Corporation and Certain Officers

Fri, 30 Apr 2021 10:36:53 +0600

Pomerantz LLP announces that a class action lawsuit has been filed against 3D Systems Corporation ("3D Systems" or the "Company") (NYSE: DDD) and certain of its officers. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 21-cv-02383, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired the publicly traded securities of 3D Systems from May 7, 2020 to March 1, 2021 (the "Class Period"). Plaintiff seeks to recover compensable damages caused by Defendants' violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").

If you are a shareholder who purchased 3D Systems securities during the Class Period, you have until June 8, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here for information about joining the class action]

3D Systems provides comprehensive 3D printing and digital manufacturing solutions, including 3D printers for plastics and metals, materials, software, on-demand manufacturing services, and digital design tools.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) 3D Systems lacked proper internal controls over financial reporting; and (ii) as a result, 3D Systems' public statements were materially false and/or misleading at all relevant times.

On March 1, 2021, 3D Systems issued a press release announcing a delay of filing the Company's 10-K annual report for the fiscal year ended December 31, 2020, noting that "the delay in filing is primarily related to the presentation of cash flows associated with the divestiture process for its Cimatron and GibbsCam software businesses," while revealing that the Company had "discovered certain internal control deficiencies" and "will report material weaknesses in internal controls in its fiscal 2020 Annual Report on Form 10-K."

On March 2, 2021, 3D Systems filed a Form NT 10-K with the United States Securities and Exchange Commission, stating that the Company's 10-K filing would be delayed for the reasons listed in its March 1, 2021 press release.

On this news, 3D Systems' stock price fell $7.62 per share, or more than 19.6%, from closing at $38.79 per share on March 1, 2021 to close at $31.17 per share on March 2, 2021, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:

Robert S. Willoughby

Pomerantz LLP

rswilloughby@pomlaw.com

888-476-6529 ext. 7980

Source URL - https://www.prnewswire.com/news-releases/pomerantz-law-firm-announces-the-filing-of-a-class-action-against-3d-systems-corporation-and-certain-officers--ddd-301280910.html

F-35 Best and Final Offer Submitted to Finnish Government

Fri, 30 Apr 2021 10:14:27 +0600

The U.S. government and Lockheed Martin (NYSE: LMT) submitted an F-35 best and final offer (BAFO) on April 29, 2021, to the Finnish government in support of its competition to replace its current fighter fleet.

The F-35 offering is a total package that includes F-35A aircraft and a sustainment solution tailored to meet Finnish security of supply requirements to support all operational needs if in a closed border scenario. The BAFO also includes many first-of-a-kind opportunities for Finnish industry to work directly on F-35 production and sustainment.

The 5th Generation F-35 provides unmatched capabilities, security of supply and industrial opportunities for Finland.

"The F-35 will provide Finnish industries high technology job opportunities that no other competitor can offer," said Bridget Lauderdale, F-35 Program vice president and general manager. "The production work will continue for more than 20 years, and the F-35 sustainment work will continue into the 2050s. Not only will Finland support its own F-35s, but it will directly support the global fleet of F-35s through the production of major components."

Through indirect industrial participation projects outside of F-35 production, Lockheed Martin will also build partnerships with Finnish companies and academic institutions that offer opportunities focused on developing and advancing security collaborations.

With stealth technology, supersonic speed, advanced sensors, weapons capacity and increased range, the F-35 is the most advanced, survivable and connected aircraft in the world. It is also the most affordable solution for the Finnish Air Force's future fighter fleet as the only 5th Generation fighter at the cost of 4th Generation aircraft.

To date, the F-35 has been selected by 13 nations and operates from 27 bases worldwide, with nine nations operating F-35s on their home soil. More than 630 F-35s are in service today, with more than 1,300 pilots and 10,380 maintainers trained on the aircraft.

For additional information, visit www.f35.com.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Please follow @LMNews on Twitter for the latest announcements and news across the corporation

Source URL - https://www.prnewswire.com/news-releases/f-35-best-and-final-offer-submitted-to-finnish-government-301280909.html

Yili Group Achieves Remarkable Growth in 2020 Annual Report, and Announces Record First Quarter 2021 Results

Fri, 30 Apr 2021 09:53:57 +0600

On April 28, Yili released its 2020 annual report. According to the data, the company's total revenue reached RMB 96.886 billion and net profit attributable to the parent company was RMB 7.078 billion, highlighting the company's healthy growth trend and excellent profitability. The Q1 2021 report released at the same time showed that the company's total revenue in the first quarter reached RMB 27.363 billion, a YOY increase of 32.49%, of which the net profit attributable to the parent company was RMB 2.831 billion, a YOY increase of 147.69%.

Yili Group achieves remarkable growth in the 2020 annual report and announces record first quarter 2021 results.

Strengthening the Competitive Advantage of the Whole Industry Chain

In terms of products, the Company continued to promote product optimization, with the sales revenue of key products recording a YOY increase of 9.6%. In addition, Yili has been continuously exploring new growth points through innovation. The Company's sales revenue for new products accounted for 16% of total sales revenue.

In terms of channels, the Company actively expanded new retail models on e-commerce platforms, with a YOY growth of 55%. The Company's market share of retail sales for UHT milk on e-commerce platforms was 28.1% during the same period, ranking first in the UHT milk market segment.

In addition, the Company has steadily promoted its business in Oceania, Southeast Asia, and other overseas markets.

Focus on "Consumers-Oriented" Strategy

Consumers-orientation not only means understanding consumers and attaching great importance to them, but also changing the Company's role to be a "true fan" of consumers, said Pan Gang.

The Company promoted cooperation across the industry chain, continued to invest more in R&D, technology, and innovation, and continuously innovated its product categories and accelerated the layout of health business by relying on a global network connecting Asia, Europe, Oceania, and the Americas, and using big data to gain insights of consumers.

Creating Common Prosperity of Commercial and Social Value

After China announced its goal of achieving carbon neutrality by 2060 last year, Yili, positively making a response to this call by releasing its own vision of carbon neutrality, was the first dairy company committed to do so in China.

In the future, Yili will continue to build a "global health ecosystem", take the lead in promoting the sustainable development through the common prosperity of both commercial and social value.

Image Attachments Links:

Link: http://asianetnews.net/view-attachment?attach-id=390383

Caption: Yili Group achieves remarkable growth in 2020 annual report, and announces record first quarter 2021 results.

Source URL - https://www.prnewswire.com/news-releases/yili-group-achieves-remarkable-growth-in-2020-annual-report-and-announces-record-first-quarter-2021-results-301280975.html