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CLEVELAND , Nov. 21, 2024 /PRNewswire/ -- KeyCorp KEY announced today that its Board of Directors declared the following dividends for the fourth quarter of 2024: A cash dividend of $0.205 per share on the corporation's outstanding common shares KEY . The dividend is payable on December 13, 2024 , to holders of record of such Common Shares as of the close of business on December 3, 2024 ; A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024 , for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024 ; A dividend of $15.3125 per share (equivalent to $.382813 per depositary share KEY ) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024 , for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024 ; A dividend of $14.1250 per share (equivalent to $.353125 per depositary share KEY ) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (CUSIP #493267884), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024 , for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024 ; A dividend of $14.0625 per share (equivalent to $.351563 per depositary share KEY ) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (CUSIP #493267850), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024 , for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024 ; and A dividend of $15.50 per share (equivalent to $.3875 per depositary share KEY ) on the corporation's outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (CUSIP #493267835), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024 , for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024 . About KeyCorp KeyCorp's roots trace back nearly 200 years to Albany, New York . Headquartered in Cleveland, Ohio , Key is one of the nation's largest bank-based financial services companies, with assets of approximately $190 billion at September 30, 2024 . Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/ . KeyBank is Member FDIC. View original content to download multimedia: https://www.prnewswire.com/news-releases/keycorp-declares-quarterly-cash-dividend-on-common-shares-and-preferred-stocks-302313609.html SOURCE KeyCorp © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
TORONTO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) ("Element" or the "Company"), the largest publicly traded, pure-play automotive fleet manager in the world announces the validation of its science-based targets by the Science Based Targets initiative (SBTi), available at sciencebasedtargets.org . This milestone underscores Element’s commitment to emissions reduction, demonstrating continued leadership in sustainability within the fleet management industry. The SBTi promotes science-based greenhouse gas (GHG) reduction targets for companies, aiming to limit global temperature rise to 1.5°C above pre-industrial levels. Its certification standards have become the global benchmark for corporate climate goals aligned with the Paris Agreement. With the SBTi validation, Element commits to the following near-term science-based targets: Scopes 1 and 2 pertain to Element’s own operations. Scope 1 includes direct emissions from sources owned or controlled by a company, such as fuel for vehicles. Scope 2 includes direct emissions from purchased electricity, heat, steam and cooling to power facilities. Scope 3 encompasses all other emissions associated with a company’s activities and value chain, for example purchased goods and services, use of sold products and downstream leased assets. “As we live our Purpose to Move the world through intelligent mobility , we are working towards a future beyond the immediate horizon. This acknowledgement by the SBTi is a testament of our strategic commitment to sustainability, reinforcing our focus on accountability and transparency. It underscores our dedication to delivering lasting value for our clients, our business, our team members, and our communities,” states David Colman, Chief Legal & Sustainability Officer. “The fleet management industry has both the opportunity and obligation to be part of the solution. The SBTi validation strengthens our commitment to measurable sustainability initiatives. Our focus remains on advancing decarbonization and electrification strategies as we drive meaningful progress towards a low-carbon future”, says Sheri McGrath, VP, Sustainability at Element. A science-based approach provides Element with a clearly defined pathway to reduce its GHG emissions, contribute to global climate goals, and help to mitigate the most severe impacts of climate change. By aligning its targets with the latest climate science, Element is taking steps to strengthen the resilience of its business and contribute meaningfully to broader climate initiatives. Element notes that commitments and targets are aspirational and may be influenced by near-term global challenges including, but not limited to, the production and availability of electric vehicles, client decisions, prevalence and availability of charging infrastructure, and government support of electrification in the regions in which we operate. Element’s 2034 goals reflect its best efforts at this point in time. The Company may reassess and update its methodologies and targets, as appropriate, and may not be able to achieve its commitments and targets, including for the reasons set forth herein. For more information on the validation and Element's sustainability initiatives, please visit www.elementfleet.com/sustainability . About Element Fleet Management Element Fleet Management (TSX:EFN) is the largest publicly traded pure-play automotive fleet manager in the world, providing the full range of fleet services and solutions to a growing base of world-class clients – corporations, governments, and not-for-profits – across North America, Australia, and New Zealand. Element’s services address every aspect of clients’ fleet requirements, from vehicle acquisition, maintenance, accidents and remarketing, to integrating EVs and managing the complexity of gradual fleet electrification. Clients benefit from Element's expertise as one of the largest fleet solutions providers in its markets, offering economies of scale and insight used to reduce fleet operating costs and improve productivity and performance. For more information, visit: https://www.elementfleet.com/sustainability About the Science Based Targets initiative The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets. This press release contains certain forward-looking statements and forward-looking information regarding Element, its business and the fleet industry, which are based upon Element’s current expectations, estimates, projections, assumptions and beliefs. In some cases, words such as “plan”, “expect”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “could”, “predict”, “project”, “model”, “forecast”, “will”, “potential”, “target, “by”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur are intended to identify forward-looking statements and forward-looking information. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements or information. Forward-looking statements and information in this news release may include, but are not limited to, statements with respect to, among other things, the Company’s expectations regarding the fleet industry and electrification, the Company’s sustainability targets and objectives, including science based targets, Element’s and our clients’ greenhouse gas emissions, fleet electrification, and transition of client vehicles, charging access, decarbonization strategies, future climate reporting, potential climate related opportunities, diverse supplier spending, team member engagement, making a difference in the community, data governance, ethics and compliance, and other sustainability related impacts, objectives and expectations. By their nature, these statements require us to make assumptions and are subject to inherent risks and uncertainties that may be general or specific, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct and that our sustainability priorities, targets (including fleet electrification and GHG reduction targets), commitments and goals will not be achieved. As we work to advance our sustainability strategy, external factors outside of Element’s reasonable control may impact our performance and ability to achieve our goals, including government policies, legislation and regulatory actions, global supply-chain disruptions, geopolitical risk, the occurrence, continuance or intensification of public health emergencies, such as the impact of post-pandemic hybrid work arrangements, the failure of third parties to comply with their obligations to us and our affiliates or associates, our ability to implement various sustainability-related initiatives internally and with our clients under expected timeframes, the availability of comprehensive and high-quality GHG emissions data and standardization of sustainability-related measurement methodologies, the need for active and continuing participation, cooperation and collaboration from various stakeholders, deployment of new technologies and industry-specific solutions, the evolution of client behaviour, varying decarbonization efforts across economies, manufacturer timing and availability, client decisions and preferences, the need for thoughtful climate policies globally, the challenges of balancing interim emissions goals with an orderly transition, and the continuing development and evolution of regulations, guidelines, principles, and frameworks internationally and Element’s compliance thereto, which could lead to us to being subject to various legal and regulatory proceedings, the potential outcome of which could include regulatory restrictions, penalties and fines. These and other factors may cause actual results to differ materially from the expectations expressed in the forward-looking statements and may require Element to adapt its initiatives and activities or adjust its commitments, metrics, targets and goals. The forward-looking statements in this news release speak only as of the date hereof and are presented for the purpose of assisting our stakeholders and others in understanding our objectives and strategic priorities and may not be appropriate for other purposes. We do not undertake to update any forward-looking statement except as required by law. In addition, a discussion of some of the material risks affecting Element and its business appears under the heading “Risk Management” in Element’s Management Discussion and Analysis for the twelve-month period ended December 31, 2023 and the three and nine-month period ended September 30, 2024, and under the heading “Risk Factors” in Element’s Annual Information Form for the year ended December 31, 2023, as well as Element’s other filings with the Canadian securities regulatory authorities, which have been filed on SEDAR+ and can be accessed on Element’s profile on www.sedarplus.com . Investor Relations Contact: Rocco Colella Director, Investor Relations (437) 349-3796 rcolella@elementcorp.com Media Contact: Amanda Mills Sirois Senior Manager, Corporate Affairs (437) 352-1050 amillssirois@elementcorp.com
ALDI Ireland is bringing back school uniforms for the new year - and prices start at €1.65. With a chunk of the school year already over, some key pieces may be worse for wear. But don't worry, Aldi has everything you need to restock before school starts again. Aldi Ireland said: "Make stocking up on the school uniform essentials a breeze." The school uniform essentials are set to hit the stores from January 2. They are expected to be available for a week only across the country. The first item in the major range is the Boy's Polo Shirt 2 Pack for €1.65. The shirts are made from 100 per cent cotton, which features CmiA cotton, Okeo Text and Bionic finish, ensuring the quality lasts for a long time. It comes in two gorgeous colours: Blue and White. The shirts are available in sizes 4/5 to 11/12 years. Next up is the Boys Cargo Shorts for €1.65. The shorts feature an adjustable waist, permanent crease, and reinforced knees. The shorts are made from recycled polyester. They come in two colours: Grey and Black and are available in ages 3/5 to 11/12 years. They are also selling Pleated Skirt for €1.65. Aldi Ireland said: "Make sure their school uniform is sorted in time for the new school year with this Lily & Dan Black Pleated Skirt! "Made with Teflon Eco Elite® for extra durability, this crease-resistant skirt with permanent pleats is practical as well stylish." Available in Grey for ages 3/4 to 11/12 years. The range has Ankle Socks 5 Pack for €2.99 in black and grey. The socks are made from BCI cotton and features an antibacterial finish and Oeko Tex. They are available for 4/5.5 to 6/8. Lastly, they are selling Sustainable trainers for €8.99. The runners are made from recycled polyester and feature a memory foam, ensuring they are comfortable all day. They are available to purchase in pink or blue in sizes 4 to 10. The German discount supermarket chain came to Ireland in 1999. Aldi’s first few shops opened in November 1999, with locations in Sandyford, Dublin, and Ballincollig, Cork. By the mid-2000s, Aldi bosses had opened numerous stores, focusing on providing high-quality products at low prices. As the recession hit 2008-2012, Aldi's popularity grew as consumers became more price-conscious. The supermarket giant continued it’s expansion in Ireland between 2013-2018, while refurbishing existing stores. By 2018, Aldi had over 130 shops throughout the country. The chain began to focus on expanding its range of Irish-made products and supporting local producers. In 2023, Aldi had over 140 stores in Ireland. The store invested in sustainability initiatives, such as reducing plastic packaging and increasing the availability of organic and eco-friendly products. Aldi chiefs said: “At Aldi we are committed to supporting Irish suppliers. Developed in partnership with Bord Bia, Grow with Aldi is designed to help the very best Irish suppliers develop their brand. “To date, we’ve invested €10 million in our Grow with Aldi development programme in a bid to find the very best Irish suppliers. “As a result, for a limited time only there are over 47 new products, from 27 Irish suppliers available in store.” Aldi have introduced technological advancements with self-checkout systems and contactless payment options.Republicans demand trans athletes are banned from women's sports in conference hit by volleyball scandal READ MORE: High school forfeits girls volleyball game against trans player By ALEX RASKIN and ASSOCIATED PRESS Published: 16:03 EST, 21 November 2024 | Updated: 16:27 EST, 21 November 2024 e-mail 37 View comments Thirteen Republican congressmembers have written the Mountain West Conference to urge commissioner Gloria Nevarez to ban transgender athletes from playing sports against cisgender women. The letter comes amid ongoing controversy over one of the conference's leading volleyball players, Blaire Fleming, who is reportedly transgender. The redshirt senior and transfer from Coastal Carolina currently ranks third in the Mountain West in points and fourth in kills. The Spartans have won seven matches by forfeit this season as a string of rivals have refused to play against Fleming. 'We write with serious concerns about the safety and fair competition standards for female athletes participating in the Mountain West Conference,' read the open letter signed by members of the House and Senate . 'We urge you to update your student athlete guidelines to prohibit biological males from competing against biological female students in women's sports.' The signees include Wyoming senator Cynthia Lummis, Idaho senator Mike Crapo, and Burgess Owens, the Tennessee congressman who previously won a Super Bowl as a defensive back for the Oakland Raiders at the end of the 1980 season. Blaire Fleming #3 of the San Jose State Spartans looks on during a recent match Thirteen Republican congressmembers have written the Mountain West Conference to urge commissioner Gloria Nevarez to ban transgender athletes from women's sports Read More San Jose State demands money from colleges forfeiting volleyball games because of their trans player The 13 legislators argue that the presence of a trans athlete on a women's team undermines Title IX, which prohibits sex-based discrimination in any school or educational institution that receives federal funding. 'Recently, members of your conference have forfeited games, risking their competitive standings to ensure the safety of their female athletes,' the letter continued. 'The Mountain West Conference's failure to prohibit biological males from competing in women's sports is unfair to the women and girls who have worked tirelessly to compete at the collegiate level. 'We applaud the bravery of these female athletes and the universities in our home states for taking a stand to preserve Title IX when the Mountain West Conference would not.' In arguing that the conference is failing to create an 'environment that allows women to compete without fearing for their safety,' the legislators pointed to NCAA rival, the NAIA. 'In April, the National Association of Intercollegiate Athletics (NAIA) voted unanimously to allow only students 'whose biological sex is female to compete in women's sports,' the letter continued. 'The NAIA decision is a significant step toward protecting the rights and opportunities of female athletes.' Mountain West Conference commissioner Gloria Nevarez was addressed in the letter Sen. Mike Crapo, R-Idaho, speaks with reporters after a vote in the Capitol on September 11 Burgess Owens, a Tennessee congressman and former Super Bowl winner, signed the letter Republican governors of Idaho, Nevada, Utah and Wyoming have made public statements in support of the forfeitures, citing a need for fairness in women's sports. President-elect Donald Trump recently referenced a volleyball match when he was asked during a Fox News town hall about transgender athletes in women's sports. 'I saw the slam, it was a slam,' he said, presumably referring to a recent viral clip showing Fleming spiking the ball off an opponent, who was admittedly 'fine.' 'I never saw a ball hit so hard, hit the girl in the head,' Trump added. After Trump's comment, San Diego State issued a statement that said 'it has been incorrectly reported that an San Diego State University student-athlete was hit in the face with a volleyball during match play with San Jose State University. The ball bounced off the shoulder of the student-athlete, and the athlete was uninjured and did not miss a play.' San Jose State has not made any direct comments about the politicians' 'fairness' references, and Nevarez did not go into details when addressing the controversy last month. 'I'm learning a lot about the issue,' Nevarez said. 'I don't know a lot of the language yet or the science or the understanding nationally of how this issue plays out. The external influences are so far on either side. We have an election year. It's political, so, yeah, it feels like a no-win based on all the external pressure.' San Jose State's Blaire Fleming previously played at Coastal Carolina before transferring Senator Cynthia Lummis, a Republican from Wyoming, speaks during a news conference The cancellations could mean some teams will not qualify for the conference tournament November 27-30 in Las Vegas, where the top six schools are slated to compete for the league championship. 'The student-athlete (in question) meets the eligibility standard, so if a team does not play them, it's a forfeit, meaning they take a loss,' Nevarez said. San Jose State coach Todd Kress said playing was his team's 'safe haven' and noted that security and police escorts are now involved when his team takes the court. He has not discussed specific players publicly since the forfeits began. 'I know that it's definitely taken a toll on many of them. They're receiving messages of hate, which is completely ridiculous to me,' he said in Albuquerque. 'Some of those people are the underbelly of society that you attack an 18, 19, 20-year-old female. And even more so if you're a parent and you're attacking 18, 19 or 20-year-olds. 'Would you want your student-athlete, your daughter, to face the same kind of hate that you're dishing out?' Wyoming Idaho Republicans Share or comment on this article: Republicans demand trans athletes are banned from women's sports in conference hit by volleyball scandal e-mail Add comment
Unconvincing Canada tops Germany 3-0 at world juniorsBlake Snell and Dodgers agree to $182 million, 5-year contract, AP source says
CLEVELAND , Nov. 21, 2024 /PRNewswire/ -- KeyCorp KEY announced today that its Board of Directors declared the following dividends for the fourth quarter of 2024: A cash dividend of $0.205 per share on the corporation's outstanding common shares KEY . The dividend is payable on December 13, 2024 , to holders of record of such Common Shares as of the close of business on December 3, 2024 ; A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024 , for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024 ; A dividend of $15.3125 per share (equivalent to $.382813 per depositary share KEY ) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024 , for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024 ; A dividend of $14.1250 per share (equivalent to $.353125 per depositary share KEY ) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (CUSIP #493267884), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024 , for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024 ; A dividend of $14.0625 per share (equivalent to $.351563 per depositary share KEY ) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (CUSIP #493267850), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024 , for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024 ; and A dividend of $15.50 per share (equivalent to $.3875 per depositary share KEY ) on the corporation's outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (CUSIP #493267835), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024 , for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024 . About KeyCorp KeyCorp's roots trace back nearly 200 years to Albany, New York . Headquartered in Cleveland, Ohio , Key is one of the nation's largest bank-based financial services companies, with assets of approximately $190 billion at September 30, 2024 . Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/ . KeyBank is Member FDIC. View original content to download multimedia: https://www.prnewswire.com/news-releases/keycorp-declares-quarterly-cash-dividend-on-common-shares-and-preferred-stocks-302313609.html SOURCE KeyCorp © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
TORONTO-Ontario, Nov. 25, 2024 (GLOBE NEWSWIRE) — Avante Corp. (TSX.V: XX) (OTC: ALXXF) (“ ” or the “ ”) is pleased to announce its financial results for its second fiscal quarter ended September 30, 2024 all amounts in Canadian dollars thousands, unless otherwise indicated). Manny Mounouchos, Founder, Chief Executive Officer and Board Chair of Avante, commented, “The second quarter of fiscal 2025 marked another successful quarter of growth for Avante, with quarterly revenue increasing by 52% year-over-year. Our core business continues to thrive, reflected in a 29% growth in Recurring Monthly Revenue. The success of the NSSG acquisition has been a key driver of this growth, enabling us to expand our international revenue and elevate our global capabilities. Our proprietary Halo technology is now deployed in over 160 locations and continues to grow, with significant enhancements on the way. In addition to Halo, we’ve launched several innovative security solutions over the past year including Homeworxx, The Reserve (previously Toyboxx), Argus App, Avante Verified, Human-in-the-loop Remote Video Servies developed in partnership with Scylla, and WALL-E. Looking ahead, we plan to continue developing new tech-enabled products and integrating advanced third-party solutions. We remain committed to driving organic growth and enhancing profitability.” Raj Kapoor, Avante’s Chief Financial Officer, added, “I am pleased to report that we maintain a robust balance sheet, enabling us to fund the Company’s organic growth initiatives through positive cash flows from operations. The Company remains bank debt-free, with $3.9 million in cash on hand and access to $12 million in unused credit facilities. We have achieved positive Adjusted EBITDA in nine of the past eleven quarters while consistently maintaining strong gross margins. The outlook for the remainder of fiscal 2025 is highly positive, supported by our strong financial position, which enables us to pursue compelling acquisitions and advance key internal developments.” Management maintains a positive outlook for Fiscal 2025. The Company’s long-term financials serve as a guide to developing and executing long-term corporate strategy. Management is pleased to reiterate the Company’s long-term financial objectives: Readers should refer to the Company’s financial statements and MD&A in respect of its second fiscal quarter ended September 30, 2024, for additional risk factors, accounting policies, detailed financial disclosures, reconciliation of non-IFRS financial measures to the most directly comparable IFRS financial measures, related party transactions, contingencies, and reporting of subsequent events. Such financial statements and MD&A are incorporated by reference into this news release and are filed electronically through the System for Electronic Document Analysis and Retrieval (“SEDAR+”), which can be accessed at www.sedarplus.ca. (1)Adjusted EBITDA and Recurring Monthly Revenues (“RMR”) are non-IFRS financial measures that have no standard meaning under IFRS and as a result may not be comparable to the calculation of similar measures by other companies. See Description of Non-IFRS Financial Measures. Reconciliations of Adjusted EBITDA and RMR to Net Income or Revenues, as applicable, are provided in the Company’s Management Discussion & Analysis (“MD&A”). The Company’s (“ ”) from continuing operations during the last eight quarters are summarized below. Gross profit margins over the last eight quarters ranged between 37.7% and 44.2%, and were 41.9% on a trailing twelve-month basis to September 30, 2024: (1)The Company’s fiscal year end is on March 31 of each year. “F23” means the fiscal year ended March 31, 2023; and “F24” means the fiscal year ended March 31, 2024. The Company will also host an investor webinar to provide a corporate update and review its fiscal second quarter of fiscal 2025 financial results, on Tuesday, November 26, 2024, at 1:00 pm ET (10:00 am PT). The call will be hosted by: Emmanuel Mounouchos, CEO, Chairman, and Founder of Avante, and Raj Kapoor, CFO of Avante. Avante Corp Inc. is a Toronto based leading provider of security operatives and technology enabled security solutions to residential and commercial clients. Avante’s mission is to deliver an elevated level of security globally, with white-glove mentality to high- net-worth families and corporations alike, through advanced solutions and methods of detecting conditions that require immediate response. The Company has developed a diversified security platform that leverages advanced technology solutions to provide a superior level of security services. With an experienced team and proven track record of solid growth, Avante is taking steps to establish a broad portfolio of security businesses and solutions for its customers through organic growth complemented by strategic acquisitions. Avante acquires, manages and builds industry leading businesses which provide specialized, mission-critical solutions that address the security risks of its clients. Avante is listed on the TSX Venture Exchange under the ticker “ ”. For more information, please visit and consider joining our investor email list. Emmanuel Mounouchos Founder, CEO & Board Chair, Avante Corp. 416-923-6984 manny@avantesecurity.com This press release includes certain measures which have not been prepared in accordance with International Financial Reporting Standards (“IFRS”) such as EBITDA, Adjusted EBITDA and Recurring Monthly Revenue (“RMR”). These non-IFRS measures are not recognized under IFRS and and do not have a standardized meaning prescribed by IFRS. Accordingly, users are cautioned that these measures should not be construed as alternatives to net income determined in accordance with IFRS. The non-IFRS measures presented are unlikely to be comparable to similar measures presented by other issuers. References to are to net income before interest, taxes, depreciation and amortization. References to are to net income before interest, taxes, depreciation, amortization of intangibles & capitalized commissions, share-based payments, acquisition, integration and / or reorganization costs, deferred financing costs, loss (gain) in fair value of derivative liability and expensing of fair value adjustments per IFRS. , or , represent revenue during the fiscal period that benefited from contractual periodic billing to customers, typically monthly, quarterly or annually. Management believes that Adjusted EBITDA and Recurring Monthly Revenues are appropriate additional measures for evaluating Avante’s performance. Readers are cautioned that neither EBITDA, Adjusted EBITDA nor Recurring Monthly Revenues should be construed as an alternative to net income or revenues (as such financial measures are determined under IFRS), as an indicator of financial performance or to cash flow from operating activities (as determined under IFRS) or as a measure of liquidity and cash flow. Avante’s method of calculating EBITDA, Adjusted EBITDA and Recurring Monthly Revenues may differ from methods used by other issuers and, accordingly, Avante’s reported Non-IFRS measures may not be comparable to similar measures used by other issuers. This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may” “estimate”, “pro-forma” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections. The forward-looking statements in this news release are based on certain assumptions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the Company’s ability to achieve the benefits expected as a result of the sale of Logixx Security Inc., anticipated growth from acquisitions, new service offerings and from development and deployment of new technologies and the list of risk factors identified in the Company’s Management Discussion & Analysis (MD&A), Annual Information Form (AIF) and other continuous disclosure documents available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update any such statement, whether as a result of new information, future events or otherwise.Trump taps Rollins as agriculture chief, completing proposed slate of Cabinet secretaries
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