jilibet 291
jilibet 291
Live Nation Entertainment Inc. stock falls Monday, underperforms market
How major US stock indexes fared Monday, 12/2/2024NoneSymbotic (SYM) Restates Financial Results Amid Securities Class Action Over Improper Accounting ...
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US-Israeli citizen Omer Neutra was killed in Oct 7. Hamas attack, Israel confirms
Robotics and programming workshop inspires y oung innovators . BingoPlus Foundation, the social development arm of Digiplus Interactive Corp, gave the students Cadiz City, Negros Occidental, a significant boost in their robotics and programming aspirations by organizing a workshop that will develop their skills and deepen their knowledge in the robotics and programming field. Held last November, celebrating Children’s Month, the training brought together elementary to senior high school students from Dr. Vicente F. Gustillo Memorial National High School, Sped High School, Cadiz West Elementary School I and II, Cadiz East Elementary School I and II, Caduha-An National High School, Villacin National High School, Tiglawigan National High School, Sped Training Center and, DepEd Cadiz offering them hands-on experience in building and programming robots. An estimated 4,853 students will benefit from the robotics and programming initiatives to be implemented at the different schools led by the students who took part in the initial seminar. “At BingoPlus Foundation, we believe in empowering the youth with skills that prepare them for the future. By providing access to robotics and programming training, we’re sparking their curiosity and equipping them with tools to innovate and lead in a technology-driven world,” said Angela Camins-Wieneke, Executive Director of BingoPlus Foundation. Roxan Cosico, founder of the Robotics and Programming Guild of the Philippines, led the robotics discussion, providing participants with the skills to create robots and program them for specific tasks. In addition to students, 213 teachers also gained valuable knowledge to guide future generations. Aside from the robotics and programming training, the city also received robotics kits which will be housed at the Cadiz Public Library, one of the adopted PLUS centers of BingoPlus Foundation. Going the Extra Mile for Youth BingoPlus Foundation’s initiatives reached further, providing 50 students from the Carol-an IP Community in Kabankalan with tablets to enhance their learning experience. Meanwhile, 60 scholars attended the second session of the FutureSmart Leadership Assembly last November 30 at the DigiPlus headquarters. The session, titled The Power of Habits, focused on helping students develop positive routines to improve academic and personal growth. With a hybrid format, the assembly brought together scholars onsite and virtually, emphasizing the importance of self-awareness and actionable plans for success. Holistic Support for Health and Welfare BingoPlus Foundation also extended aid to children’s health and basic needs. In Kalaklan, Olongapo, 350 kids received free medical checkups, vitamins, and essential medicines. Additionally, orphans at Saint Rita Orphanage in Parañaque City were provided with food and baby essentials, underscoring the Foundation’s commitment to nurturing the nation’s youth through education, health, and care. Being business-savvy should be fun, attainable and A+. BMPlus is BusinessMirror's digital arm with practical tips & success stories for aspiring and thriving millennial entrepreneurs.Nearly 1 million Afghan refugees return home in eight months
SCV high school soccer roundup: Dec. 10Improvement in Financial Condition Allows Focus on Revenue Growth Austin, TX, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle brands, is pleased to provide an update to its shareholders regarding recent activities and future initiatives for growth as detailed below. Benefits to Net Income and Shareholder Equity The Company has made notable progress since May of 2024 in improving its financial condition, including through the elimination of $5.2 million in convertible notes, other debt, and aged accounts payable. Due to the elimination of interest expense from the above, we believe the Company's interest expense will decline by approximately $2.7 million a year from an estimated $3.1 million in fiscal year 2024 to an estimated $420,000 in fiscal year 2025. This should result in a net benefit of approximately $2.7 million in fiscal year 2025 to net income and cash flow. Most importantly, the company has come to a transition point regarding the elimination of the overhang in our shareholder equity associated with our prior acquisitions, as shown in the table below. The Company has experienced an estimated negative $42.3 million in net income expenses and shareholder equity over the last three years as shown in the table below, associated with interest expense and goodwill amortization and write-downs. We believe these expenses over the next two years will only be $2.5 million. Additional Benefits to Net Income In addition to the interest expense and goodwill amortization and write-downs noted above, the Company also reduced its general and administrative expenses by approximately $500,000 in the third quarter of 2024 versus the second quarter of 2024. The Company aims to continue to achieve additional savings in general and administrative expense associated with reductions in workforce, severance payments ending at year end, reduction of stock option expenses, and lower consulting and legal fees. Marketing Growth Initiatives Due to the reduction in debt, aged accounts payable and interest expense noted above, the Company is focusing on investing in growth marketing initiatives, including recent announcements highlighting the Company's digital marketing results. Due to the recent success of these results as previously disclosed, we have developed the additional growth initiative targets listed below. October 2024 We increased wholesale prices by 20% for Sundry, which we believe will result in approximately an additional $500,000 or more in gross margin dollars during fiscal year 2025 compared to fiscal year 2024. November 2024 Partnered with VaynerCommerce, a leading digital agency, which led to a 224% increase in daily digital revenues during the 45 day period (October 22nd, 2024 to December 5th, 2024) versus the prior 45 day period from September 6th to October 21 st , 2024, as noted in our press release last week. Partnered with LTK, a large influencer platform, which resulted in the recent launch of influencer videos for each our brands. Our products that were featured all sold out. We now have over 200 influencer requests per brand on the LTK platform. December 2024 Announced launch of our brand Avo on TikTok Shop and TikTok Live starting in January 2025, featuring Tik Tok influencers and limited-edition product. February 2025 We plan to launch Sundry product online only exclusives with direct-to-consumer pricing, which is expected to create an attractive product price point. This initiative is driven by Sundry's high online engagement and click through rates, which we believe will result in even higher conversion rates at lower price points. March 2025 We plan to launch Sundry on TikTok Shop and TikTok Live. Spring/Summer 2025 We plan to partner with two to three major influencers or celebrities for each brand with the assistance of VaynerCommerce. Summer/Fall 2025 We plan to implement a direct mail program with the assistance of VaynerCommerce. Closing "We have made significant progress in cleaning up our balance sheet, which should result in significantly lower interest expense and increased cash flow. Additionally, the Company has worked through over $42 million in shareholder equity and net income overhang related to goodwill amortization and interest expense from our previous acquisitions, which should only be $2.5 million over the next two years. With these items behind us, we are aiming to pursue marketing initiatives to improve our performance for our shareholders,” said Hil Davis, Chief Executive Officer of Digital Brands Group. Forward-looking Statements Certain statements included in this release are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as "will,” "anticipate,” "estimate,” "expect,” "should,” and "may” and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding DBG's plans, objectives, projections and expectations relating to DBG's operations or financial performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. DBG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of DBG to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the coronavirus (COVID-19) global pandemic; the level of consumer demand for apparel and accessories; disruption to DBGs distribution system; the financial strength of DBG's customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption and volatility in the global capital and credit markets; DBG's response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; intense competition from online retailers; manufacturing and product innovation; increasing pressure on margins; DBG's ability to implement its business strategy; DBG's ability to grow its wholesale and direct-to-consumer businesses; retail industry changes and challenges; DBG's and its vendors' ability to maintain the strength and security of information technology systems; the risk that DBG's facilities and systems and those of our third-party service providers may be vulnerable to and unable to anticipate or detect data security breaches and data or financial loss; DBG's ability to properly collect, use, manage and secure consumer and employee data; stability of DBG's manufacturing facilities and foreign suppliers; continued use by DBG's suppliers of ethical business practices; DBG's ability to accurately forecast demand for products; continuity of members of DBG's management; DBG's ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; DBG's ability to execute and integrate acquisitions; changes in tax laws and liabilities; legal, regulatory, political and economic risks; adverse or unexpected weather conditions; DBG's indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent DBG from fulfilling its financial obligations; and climate change and increased focus on sustainability issues. More information on potential factors that could affect DBG's financial results is included from time to time in DBG's public reports filed with the SEC, including DBG's Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q, and Forms 8-K filed or furnished with the SEC. About Digital Brands Group We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business model derived from our founding as a digitally native-first vertical brand. We focus on owning the customer's "closet share" by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort. Digital Brands Group, Inc. Company Contact Hil Davis , CEO Email: [email protected] Phone: (800) 593-1047 SOURCE Digital Brands Group, Inc. Related Links https://ir.digitalbrandsgroup.co
At a town hall meeting with the bureau workforce, Mr Wray said he would be stepping down “after weeks of careful thought”. Mr Wray’s intended resignation is not unexpected considering that Mr Trump had picked Mr Patel for the role in his new administration. Mr Wray had previously been named by Mr Trump and began the 10-year term — a length meant to insulate the agency from the political influence of changing administrations — in 2017, after Mr Trump fired then-FBI director James Comey. Mr Trump had demonstrated his anger with Mr Wray on multiple occasions, including after Mr Wray’s congressional testimony in September. “My goal is to keep the focus on our mission — the indispensable work you’re doing on behalf of the American people every day,” Mr Wray told agency employees. “In my view, this is the best way to avoid dragging the bureau deeper into the fray, while reinforcing the values and principles that are so important to how we do our work.” Mr Wray continued: “It should go without saying, but I’ll say it anyway — this is not easy for me. I love this place, I love our mission, and I love our people — but my focus is, and always has been, on us and doing what’s right for the FBI.” Mr Wray received a standing ovation following his remarks before a standing-room-only crowd at FBI headquarters and some in the audience cried, according to an FBI official who was not authorised to discuss the private gathering and spoke on condition of anonymity to The Associated Press. Mr Trump applauded the news on social media, calling it “a great day for America as it will end the weaponisation of what has become known as the United States Department of Injustice” and saying that Mr Patel’s confirmation will begin “the process of Making the FBI Great Again”. If confirmed by the Senate, Mr Patel would herald a radical leadership transformation at the nation’s premier federal law enforcement agency. He has advocated shutting down the FBI’s Washington headquarters and called for ridding the federal government of “conspirators”, raising alarm that he might seek to wield the FBI’s significant investigative powers as an instrument of retribution against Mr Trump’s perceived enemies. Mr Patel said in a statement Wednesday that he was looking forward to “a smooth transition. I will be ready to serve the American people on day one”.
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