News Hub | News Direct

Communications

Advertising Communications Graphic Design Internet Marketing Media Publishing SEO
Article thumbnail News Release

Asure Software (NASDAQ: ASUR) Surpasses Expectations with Record-Breaking Q4 and FY 22 Financial Results, Raises Guidance for 2023

Benzinga

The fourth quarter of 2022 earnings season is winding down with 94% of S&P 500 (NYSE: SPY) companies having already reported results. Overall, Q4 2022 was slightly bullish when considering 68% of S&P 500 companies reported a positive EPS surprise and 66% of components reported a positive revenue surprise. Unfortunately, the revenue and income surprises could largely be chalked up to low expectations. Earnings growth for the fourth quarter 2022 came in at a combined -4.8% for the S&P 500. According to Factset, this represents the first time the S&P 500 has reported a year-over-year decline in earnings growth since the third quarter of 2020 (-5.7%). To make matters worse, earnings revisions from December 31, 2022, estimated earnings growth of -3.3%. This means, on an overall basis for the S&P 500, companies saw worse earnings growth declines than were estimated. The first quarter of 2023 doesn’t look to be much better for the index, as 76 companies in the S&P 500 have issued negative EPS guidance, compared to only 21 components issuing positive guidance. Not all Q4 2022 earnings have been a disappointment, however. Asure Software (NASDAQ: ASUR) just released record Q4 and full-year 2022 financial results that blew the top off of expectations. With these latest results, Asure’s increases its consecutive earnings estimate beat streak to the last ten quarterly periods. ASUR: Breaking Down the Record Q4/FY 22 Results Asure Software, a cloud-based human capital management (HCM) services provider to small and medium businesses (SMBs), released its Q4 and full-year 2022 financial results after the market close on February 27, 2023. Q4 2022 Results For the fourth quarter, the HCM provider generated record quarterly revenues of $29.3 million, which represents an impressive growth of 39% from Q4 2021. Recurring revenues topped $24.1 million, up 25% year-over-year. EBITDA for the quarter rose $3.5 million y/y to $5 million. Adjusted EBITDA rose $3.7 million y/y to $6 million. For context, Asure had previously issued guidance for the fourth quarter estimating a revenue range between $23.5 million to $24 million and an adjusted EBITDA range between $3 million and $3.5 million. If we take the higher end of the Q4 guidance into account, Asure’s actual Q4 2022 revenue came in 22% higher than its $24 million estimate. Meanwhile, adjusted EBITDA came in a whopping 71.42% higher than the $3.5 million high-end estimate. Full-Year 2022 Results Turning to the full-year 2022 results, Asure reported total revenue of $95.8 million, up 26% y/y. Recurring revenue jumped 21% y/y to $86.2 million. EBITDA came in at $8.8 million, compared to last year’s $13.5 million result. However, last year’s EBITDA included an extraordinary gain of $18.8 million. Adjusted for the extraordinary gain, Asure’s 2021 EBITDA would have been $3.4 million. Adjusted EBITDA for 2022 increased $4.2 million to $11.8 million. Again, Asure reports very strong top and bottom-line results on a year-over-year basis, but let’s compare the results to the company’s FY 22 guidance. For the year 2022, Asure originally estimated a revenue range between $90 million and $90.5 million. Adjusted EBITDA was expected to come between $10.5 million and $11 million. If we again focus on the higher end of the guidance ranges, Asure's total revenue for the year came out 5.86% higher than estimated. Adjusted EBITDA came in greater than 7.27% compared to management's guidance. Asure Issues Q1 2023 Guidance and Raises Full-Year 2023 Estimates After finishing strong in 2022 and hitting the ground running to start 2023, Asure's management has raised its full-year 2023 revenue and adjusted EBITDA guidance. The company also provided its initial guidance for Q1 2023. Previously-issued guidance for the year 2023 originally estimated a revenue range between $98 million and $102 million, with an adjusted EBITDA range between 14% and 16%. Asure now estimates total revenues between $105 million and $107 million, on an adjusted EBITDA range between 15% and 17% for the full-year 2023. This is a robust guidance increase that likely takes into consideration Asure’s big-name partnerships that have been secured with Intuit (NASDAQ: INTU) TurboTax, H&R Block (NYSE: HRB), and ZayZoon through the first two months of 2023. In addition, the current uncertain economic environment continues to be an ideal situation for Asure, as SMBs look to continue streamlining operations, cut costs and stay competitive for top employee talent. In its Q4 2022 earnings release, Asure also issued its initial guidance for the first quarter of 2023. The HCM provider estimates revenues coming between $29 million and $30 million for the quarter, with an adjusted EBITDA range of $6 million and $6.5 million. Wall Street Analysts Blown Away By Asure’s Strong Results, Reiterate Bullish Outlooks Analysts covering Asure have been bullish for the past several months. However, the six prestigious analysts covering the stock just took another step in their bullish belief of Asure’s outlook. After the company’s robust financial results, all six analysts took the opportunity to reiterate their “buy” ratings and even raised their price targets. Five-star analyst, Richard Baldry of Roth MKM, reiterated his “buy” rating and rose his price target to $23.00 from $16.00. Five-star analyst, Jeff Van Rhee of Craig-Hallum, reiterated a “buy” rating and increased his price target to $18.00 from $14.00. Five-star analyst, Vincent Colicchio of Barrington, reiterated a “buy” rating and rose his price target to $15.00 from $12.00. Five-star analyst, Ryan MacDonald of Needham, reiterated a “buy” rating and increased his price target to $20.00 from a previous target of $14.00. Four-and-half-star analyst, Bryan Bergin of Cowen & Co., reiterated a “buy” and rose his price target to $15.00 from $13.00. Four-star analyst, Eric Martinuzzi of Lake Street, reiterated a “buy” rating and increased his price target to $17.00 from $8.00. Overall, Asure Software continues to reliably outpace earnings expectations, as the Q4 2022 results mark the tenth consecutive quarterly period of beating estimates. This comes during a time when larger-cap stocks in the S&P 500 collectively saw negative earnings growth during the fourth quarter of 2022 and warned of negative EPS guidance for the first quarter of 2023. Asure's HCM suite of products and services continues to hold great value among its SMB clients, as can be seen with the strong recurring revenue. The company has an astounding client retention rate, combined with its strong drive to build partnerships and add new offerings to its client base, which continues to be a winning formula for Asure. If 2023 is anything like 2022, Asure Software is on track for another big year ahead. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement. All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated five thousand dollars cash by Asure Software for the creation and dissemination of this content by the company. This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions. Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/ The Post Asure Software (NASDAQ: ASUR) Surpasses Expectations with Record-Breaking Q4 and FY 22 Financial Results, Raises Guidance for 2023 First Appeared on Spotlight Growth. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 02, 2023 11:45 AM Eastern Standard Time

Article thumbnail News Release

The Publisher Desk Named to Inc. 5000 Regionals Fastest-Growing Companies List

The Publisher Desk

The Publisher Desk, one of the country’s top integrated audience development and content monetization partners for digital publishers, today announced that it has earned a spot on the Inc. 5000 Regionals List of the Northeast Region’s Fastest-Growing Companies, with a rank of No. 117. “We are incredibly proud of our entire team for helping us achieve this important milestone,” said Jeff Misenti, co-founder of The Publisher Desk. “Over the past several years, we have seen tremendous growth. We look forward to building on those successes in 2023 and beyond.” Founded in 2014, The Publisher Desk provides technology, advertising operations, and sales and marketing to empower sports, lifestyle and business media brands and helps them connect with their audience and value-aligned advertisers. In the past four years, the company has experienced revenue growth of 135%, which has allowed The Publisher Desk to invest in its world-class staff and add both independent and owned-and-operated publishers to its portfolio, including its flagship sports site, Sportsnaut. “I want to thank our entire team for their hard work and dedication,” said Christopher Ward, co-founder of The Publisher Desk. “Inclusion in the Inc. 5000 list of fastest-growing companies in the Northeast is testament to our employees. From prospecting and sales to marketing integration, The Publisher Desk team routinely goes above and beyond to help our clients grow their businesses.” The 2023 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2019 and 2021. To qualify, companies must have been founded and generating revenue by March 31, 2019. They had to be U.S.-based, privately held, for-profit and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2021. The minimum revenue required for 2019 is $100,000; the minimum for 2021 is $1 million. “This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies,” said Scott Omelianuk, editor-in-chief of Inc. Magazine. “They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come.” About The Publisher Desk The Publisher Desk, based in New York with offices in London and South Florida, is a fully integrated audience development and content monetization partner to digital publishers, in addition to publishing several owned and operated sites. The company, founded in 2014, helps websites increase advertising revenues and reduce operational costs. Our team provides the proper resources, direction, operations, technology, and support for digital business, empowering sports, lifestyle & business media brands to connect with their audience and value-aligned advertisers. Contact Details For The Publisher Desk press@publisherdesk.com Company Website https://www.publisherdesk.com/

March 02, 2023 10:02 AM Eastern Standard Time

Article thumbnail News Release

Guild Esports launches Guild Studios

Guild Esports PLC

Guild Esports PLC (LSE:GILD, OTCQB:GULDF) CEO Jasmine Skee speaks to Proactive's Thomas Warner after announcing the launch of Guild Studios, an in-house production and creative agency designed to connect brands and media owners with esports, gaming, Gen-Z and Gen-Alpha audiences. Skee also gives an update on some recent staffing changes at Guild and looks ahead to what's next for the company. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 02, 2023 04:59 AM Eastern Standard Time

Video
Article thumbnail News Release

ZOO Digital Group signs new streaming deal

ZOO Digital Group Plc

Zoo Digital Group PLC CEO Stuart Green speaks to Proactive's Thomas Warner after announcing the signing of a new contract with a "major Hollywood studio" to provide services and technology for what he calls "another high-profile streaming service” Green goes on to explains what the deal means for the business and how it fits in with the wider strategy. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 02, 2023 04:50 AM Eastern Standard Time

Video
Article thumbnail News Release

Evofem Biosciences Inc. (OTC:EVFM): Here Are Latest News & Updates

TopNewsGuide - Market News & Commentary

Women’s sexual and reproductive health is one of the more important things that is now being addressed by the healthcare industry in a much more focused manner. There is significant demand for products that fulfill the unmet needs of women’s healthcare and a company that is now making significant strides in that direction is Evofem Biosciences Inc. (OTCMKTS:EVFM). The company is involved in the development and commercialization of innovative products which are meant to fulfill the unmet sexual and reproductive health needs of women. The first product from the company that had been approved by the United States Food and Drug Administration is Phexxi, an on-demand, hormone-free prescription vaginal gel contraceptive. The product is sold in boxes of 12 pre-filled applicators and can be applied 0-60 minutes prior to the sexual act. As it happens, Evofem was in the news on February 28 when it announced that the telehealth major SimpleHealth started offering its product Phexxi. The fact that the company’s product would now be available to a larger number of customers could be seen as a major positive. Saundra Pelletier, who is the Chief Executive Officer of Evofem, spoke about the latest development as well. She noted that the latest partnership was part of the company’s long-term strategy to make the product far more accessible to women who may need it. However, that is not all. The offering from SimpleHealth is also going to offer important resources, contraceptive counseling, and education about women’s health. SimpleHealth also offers online prescriptions, free home delivery, and automatic refills as a result it is going to open up a dynamic new market for Phexxi. At this point SimpleHealth has as many as 120 branded and generic products including contraceptives. However, Phexxi would be the first hormone-free contraceptive that it would offer. While the partnership with SimpleHealth was a major deal for Evofem, the company made an announcement about another major milestone for Phexxi the day before on February 27. The company announced two more patents related to Phexxi and its labeled indication had been listed in the Approved Drug Products with Therapeutic Equivalence Evaluations that is published by the FDA. In popular parlance, the publication is called the Orange Book. It was another significant development and one that could only be a positive for the product in the long run. Pelletier noted that it was an important step for the company since it was going to further strengthen its patent portfolio. However, she went on to add that Evofem was focused on expanding its intellectual property portfolio in the United States and abroad. The original patent for the product had been issued by the United States Patent and Trademark Office back in May last year and it would expire in March 2033. The two newly listed patents cover contraception with the use of L-Lactic Acid Phexxi formulation and compositions with L-Lactic Acid. Both of which are specifically related to the Phexxi formulation from Evofem. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

March 01, 2023 09:45 PM Eastern Standard Time

Article thumbnail News Release

Kona Gold Beverage Inc. (OTC:KGKG): Here Are Latest News & Developments

TopNewsGuide - Market News & Commentary

The growth that has been enjoyed by the beverage industry has been quite significant and hence, it is perhaps not a surprise that there is far more interest in the sector. There are a number of companies that are doing outstanding work in this sector and one of those is Kona Gold Beverage Inc. (OTCMKTS:KGKG). The company is based out of Delaware and works through a range of subsidiaries. Some of its subsidiaries are Gold Leaf Distribution LLC, Kona Gold LLC, and HighDrate LLC. All the different subsidiaries have managed to come up with their own unique products. For instance, Kona Gold LLC came up with a hemp-laced energy drink range and HighDrate manufactured the first-ever CBD-laced Energy Water in the beverage industry. The subsidiary Gold Leaf Distribution had been created by Kona Gold Beverage to fulfill its distribution needs and for entering new markets swiftly. For a company like Kona Gold distribution is a hugely important element of the business, and earlier in the week the company made a significant new announcement on that front. On February 27 Kona Gold announced that it's Ooh La Lemin Lemonades were going to be made available for sale through the Hot Spot convenience stores located in North Carolina and South Carolina. At this point in time, the company has 10 SKUs of Ooh La Lemin and out of those 6 are going to be sold through Hot Spot. Those six SKUs are going to comprise 3 non-sparking variants and 3 sparkling variants of Ooh La Lemin. The products in question are going to be distributed by MR Williams, which is the company’s new distribution partner for the South Carolina and North Carolina markets. MR Williams is primarily focused on Convenience Stores and Food Service. The products are going to be sold through 40 Hot Spot convenience stores. The Chief Executive Officer of Kona Gold Robert Clark spoke about the latest development as well. He summarized the whole thing and noted that he was looking forward to growing the company’s brand through the placement of the Ooh La Lemin products at the Hot Spot convenience stores. It is also important to note that Kona Gold has been expanding its distribution footprint for the Ooh La Lemin brand at a breakneck pace and has signed up a number of distribution partners across the United States. Earlier in February, the company had announced that it had inked a distribution agreement with the firm A&B Distributors. By way of this agreement, the company’s 12oz Sparkling Ooh La Lemin and 16oz Ooh La Lemin Lemonades are going to be distributed in the states of Oklahoma, Arkansas, and Texas. The distribution partner is going to provide Kona Gold with distribution services in the states of Oklahoma and Arkansas in addition to a total of 19 counties in the state of Texas. The distribution footprint in Texas is also going to include the Dallas market and its vicinity. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

March 01, 2023 09:42 PM Eastern Standard Time

Article thumbnail News Release

Foothills Exploration Inc. (OTC: FTXP) Acquires 545-Well In Kansas And Oklahoma

TopNewsGuide - Market News & Commentary

The oil and gas sector has almost always drawn interest from investors and there are many companies that investors could consider tracking at this point. One of the companies which may be worth looking into at this point is Foothills Exploration Inc. (OTCMKTS: FTXP), which is involved in the oil and gas sector and focused on providing the energy needs of the present and the future. The company has decided to hone in on two main strategies for the purpose of building up its portfolio of assets. One of those is its focus on the creation of a number of high-impact oil and gas assets. The second strategy is related to investments in the geothermal and hydrogen projects through its New Energy Ventures division for the purpose of being involved in a low-carbon future. The company was in the news last week after it announced that it had been successful in completing the acquisitions of some wells and leases in the state of Oklahoma and Kansas. In its press release, Foothills noted that up until there was sufficient green energy to fuel the world, oil, and gas would remain the sources of energy. However, the company also stated that natural gas is going to play a bigger role all over the world by being a source of clean and reliable fuel. The acquisitions would provide Foothills with an inventory that could last many years and help the company with its production targets. Additionally, it was also noted that these assets would help the company in generating double-digit growth in 2023 and also in the following year. There were substantial reserves at those assets and the infrastructure was already in place for low-cost development. It was in January this year that Foothills completed the 100% acquisition of the Oklahoma-based limited liability company Jubilee Exploration LLC. The company owned as many as 545 shut-in oil and gas wells. These wells and leases are situated in Kansas and Oklahoma. Earlier on in the year on January 31, 2023, the company had managed to complete the acquisition of as many as 21 shallow oil and gas wells. All of those wells are located in Comanche County in the state of Oklahoma and are spread across a total of four leases. The wells are actually stripper wells and have an average depth of 1200 feet. On February 13 Foothills announced that it would start a return-to-production initiative for these wells. Once these wells are back in production then all the wells combined would produce 20 to 25 barrels of oil daily. At the time, it was also announced that Foothills was going to start the return to production work with immediate effect. Each well was expected to get into production capabilities systematically and it was in the week of February 20 that the wells were expected to get into production. On January 27 this year, the company provided another key corporate update that investors ought to know about. It had announced that back on November 25 last year, it had reached a settlement agreement with its biggest institutional investors. By way of that agreement, as many as 11 convertible promissory notes were canceled and extinguished. The promissory notes had been issued by the company at different stages between the years 2018 and 2021. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

March 01, 2023 09:39 PM Eastern Standard Time

Article thumbnail News Release

Apple Shareholder Demands More Transparency on China; Seeks Removal of Tim Cook, Al Gore from Board of Directors

National Legal & Policy Center

Ahead of Apple Inc. ’s annual meeting on March 10, National Legal and Policy Center is calling upon its fellow shareholders in the company to support its proposal to provide greater transparency about its risks of doing business in China, and to join the organization to oppose the reelections of CEO Tim Cook and former U.S. Vice President Al Gore to the board of directors. NLPC is sponsoring a “Communist China Audit” resolution at the meeting, which seeks an annual report to shareholders that addresses “the nature and extent to which corporate operations depend on, and are vulnerable to, communist China….” The item is Proposal No. 6, found on page 82 of Apple’s proxy statement. NLPC’s response to the Apple board’s opposition to its proposal was filed with the Securities and Exchange Commission in mid-February. NLPC also reported to the SEC last month its opposition to the reelections of Cook and Gore to the company’s board of directors. An excerpt from NLPC’s filing on Cook says: Since taking over as CEO in 2011, Mr. Cook has failed numerous times to live up to what he says are Apple’s ethical standards, and he has made multiple strategic mistakes that have cost the company billions of dollars. These include labor rights failures, privacy violations, and overreliance on China. But he is shielded from accountability, in part because of his position on Apple’s board. He should be removed as a director so the proper chain of command can be restored. An excerpt of NLPC’s filing on Gore states: Mr. Gore has held a position on Apple’s board since 2003, despite having no relevant experience in technology or core business functions. His primary benefit to the board is his supposed climate change expertise. However, Mr. Gore’s public reputation is inconsistent with his track record, his carbon-intensive lifestyle, and his actual investments. Instead, he has used his public advocacy as a tool for personal enrichment. In addition, his political activism poses to Apple a reputational risk that is not worth his limited skillset. “It may be counterintuitive for shareholders to ‘upset the Apple-cart’ with our proposed changes, since the company is always among the highest valued in the world,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “But Corporate America is slow to recognize the threat from China, just like companies were caught by surprise by Russia’s invasion of Ukraine, and had to scramble to exit suddenly.” “We don’t want to see a repeat if the saber-rattling communist government actually attacks Taiwan,” Chesser added. “Tim Cook was blindsided by China’s ‘zero COVID’ crackdowns last year and Apple’s holiday sales suffered greatly as a result, so he needs a ‘time-out’ while the board monitors his leadership further. And at this point Al Gore is a cartoon caricature who is routinely mocked and scorned – he needs to go as well.” ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

March 01, 2023 12:30 PM Eastern Standard Time

Article thumbnail News Release

Part 5 of Legal & General’s new study on the U.S. Gig Economy analyzes the relationship between freelancing and free-thinking and the independent mindset that drives independent workers

Legal & General

- 1 in 5 respondents say they could not work in a corporate setting - 61% say working when they want is the most important consideration - 56% say doing the work they want to do is the main benefit - 40% of gig workers have life insurance, including those with partners and children - Just 2% say they want to leave the gig economy as soon as possible A fifth segment of a broad new study sponsored by Legal & General Group ( LGEN, LGNNY ), U.S. Gig Economy, Part 5: Gig Workers’ independent mindset opposes corporate team-think, was released today. The report continues narrating original research on the changing nature of work in the U.S., people’s relationship to it, and what employers should be thinking about in order to attract back talent. The study looks into shared traits manifested by this group of workers notwithstanding the tradeoffs they sometimes make in order to maintain their independence. This fifth report in the data-rich study, Gig Workers’ independent mindset opposes corporate team-think, explores some of the attitudes common to the gig working mindset, and how they often find themselves bucking the tide of traditional employment even amid the challenge of labor-related legislation such as California’s AB5 and New York State’s S2052. With more than half (53 percent) of study respondents saying that not having a boss is the main benefit of gig work—a figure that rises to 63 percent among non-office workers—there is a sense of purpose and moral choice as much as necessity among many freelancers. The study found that the vast majority of gig workers have long since made their peace with earning most of their living working independently. Verbatim responses received ahead of the survey paint a picture of fierce, sometimes humorous independence, and in some cases a libertarian point of view. Controlling what work they do and when they work, and negotiating their own pay, are highly valued aspects of being able to work this way. “Even as we see companies developing a sense of purpose beyond profit, a large percentage of American gig workers have been reflecting this trend in microcosm. When it comes to how they earn their living, they land hard on the side of purpose, individualism and free thinking. With the ranks of freelancers growing, large employers will clearly have to take a good hard look at what they are offering their salaried workers beyond a steady paycheck. The labor environment is changing, and the private sector, increasingly looking to be agile, needs to change with it.” Sir Nigel Wilson, Chief Executive, Legal & General Group Gig workflow sometimes at odds with government intervention Legal & General’s study looks at the complex and multifaceted societal and financial factors behind independent work, including the implications of recent government policy initiatives and gig workers’ attitudes toward them, as well as what is still missing for many to feel secure in life and society. “U.S. policymakers are taking notice of the growing gig economy and are clearly trying to enact changes intended to protect these workers from exploitation. It will be interesting to see the balance that needs to be achieved between offering a safety net to this worker population, while maintaining those same freedoms that motivated them to work independently in the first place. We hope our research can help inform this conversation, even as we progress toward better social and financial safety nets.” John Godfrey, Director of Levelling-Up, Legal & General Group Future segments of this research will look in depth at gig workers’ outlook and financial situation around retirement planning; what it would take to get gig workers to go back to the traditional workplace; and a closer look at the pandemic fallout for gig workers. To receive a pdf of any of these reports, please email Meir Kahtan/MKPR at mkahtan@rcn.com. Notes to editors The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. About the Study Legal & General undertook proprietary research into the attitudes and changes U.S. gig workers are experiencing in relation to their work situations and financial outlook. The U.S. Gig Economy research was compiled using original survey data from 1044 U.S.-based workers aged 18 to 60 who are neither students nor retired, and who earn at least 60% of their income from gig work. The data was collected via online survey fielded to individuals sample sourced from YouGov’s US panel. The Legal & General-designed survey was scripted and hosted on Gryphon, YouGov’s proprietary survey scripting platform, and the field work took place between August 19 and 31, 2022. Key demographics such as age, gender and region were allowed to fall out naturally. 20 questions were designed to understand facts about earnings, drivers of and barriers to gig working, financial product ownership & financial capacity when coming across adverse situations, and future expectations of being involved in the gig economy. Verbatim comments were captured by Legal & General in research carried out in June 2022. About Legal & General Group Established in 1836, Legal & General ( LGEN, LGNNY ), is one of the UK's leading financial services groups and a major global investor, with over £1.4 trillion ($1.7 trillion) in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone. *as of December 31, 2021 The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. Contact Details Meir Kahtan Public Relations, LLC Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.legalandgeneralgroup.com/

March 01, 2023 10:30 AM Eastern Standard Time

1 ... 9293949596 ... 254