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City Garage & Commercial Door Services Miami and Surrounding AreasBOARDWALKTECH REPORTS SECOND QUARTER FISCAL 2025 FINANCIAL RESULTS
Social Security tackles overpayment ‘injustices,’ but problems remainMEMPHIS, Tenn.--(BUSINESS WIRE)--Dec 9, 2024-- Richard C. Shadyac Jr. will step down as President and Chief Executive Officer of ALSAC , the fundraising and awareness organization for St. Jude Children’s Research Hospital®, on March 1, 2025, the organization announced today. ALSAC Chief Operating Officer Ike Anand will assume the administrative leadership of the organization as Shadyac shifts his focus to donor, partner, and external relations during the transition. Anand will become interim CEO on March 1, upon Shadyac’s transition to an advisory role, as the ALSAC Board of Directors conducts a global search for a permanent CEO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241209287925/en/ Richard C. Shadyac Jr., President and Chief Executive Officer of ALSAC, the fundraising and awareness organization for St. Jude Children’s Research Hospital. (Photo: Business Wire) Under Shadyac’s leadership, American Lebanese Syrian Associated Charities (ALSAC) has become one of the most respected healthcare-focused nonprofits in the world, dedicated to supporting the St. Jude mission of advancing cures and treatments for pediatric catastrophic diseases. Shadyac has exercised a lifelong commitment to ALSAC and St. Jude Children’s Research Hospital. He started collecting coins for St. Jude as a young boy, advancing to Board Chair, and eventually becoming ALSAC President and CEO in September 2009. “We are grateful to Rick Shadyac for his selfless and tireless service to ALSAC and St. Jude. His direction has made it possible for St. Jude to deliver care and conduct vital research at a scale that was unimaginable 15 years ago and positions us well for the future,” said Frederick M. Azar, M.D., Chairman of the ALSAC Board of Directors. “ALSAC’s work ensures that we continue to seek advancements in medicine to find new ways to support children and families through some of the most challenging times of their lives.” Anand, along with the executive leadership team, will guide ALSAC until a permanent successor is named. A global executive search firm is working with the Board to identify and evaluate candidates to be the seventh CEO in ALSAC’s 67-year history. Anand joined ALSAC in 2020 as chief operating officer, and successfully led its digital transformation, including overseeing technology and digital platforms, donor services, and the overall operational foundation that enables ALSAC to achieve its short- and long-term strategic goals. He joined ALSAC after 15 years at Expedia Group where he served in a variety of global leadership roles. “An important part of leadership is knowing when to pass the torch, and I believe this is the moment for ALSAC,” Shadyac said. “We have a dedicated Board and an exceptionally strong leadership team that will sustain the momentum of everything we have accomplished over the last 15 years. It has been the joy of my professional life to serve our patients and families, St. Jude, and my colleagues at ALSAC. I am deeply proud of all that ALSAC has achieved – and what it will achieve in the years to come. I have confidence in ALSAC’s ability to continue delivering on the St. Jude mission, thanks to the employees, volunteers, donors, and partners who are the lifeblood of this organization.” Under Shadyac’s leadership, ALSAC has been recognized for innovation and strong financial stewardship. In 2023 and 2024, ALSAC’s work helped result in St. Jude Children’s Research Hospital becoming the most trusted brand among both for-profit and non-profit organizations, according to consumer surveys conducted by Morning Consult. ALSAC’s fundraising helped make possible St. Jude breakthroughs in pediatric critical research and care, treating children from all 50 states and more than 80 countries. Shadyac’s accomplishments earned him the King Legacy Award for Philanthropy and Global Health in 2022. Additional achievements include: “ ‘Those who work for the good are as those who do the good.’ That quote from our beloved founder Danny Thomas exemplifies the importance of the ALSAC organization to our mission of finding cures and saving children,” said Judy Habib, Chair of St. Jude Children’s Research Hospital Board of Governors. “Rick’s leadership over the last 15 years has fueled unprecedented progress at St. Jude and we will be eternally grateful.” St. Jude Children’s Research Hospital ® St. Jude Children’s Research Hospital is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. Its purpose is clear: Finding cures. Saving children. ® It is the only National Cancer Institute-designated Comprehensive Cancer Center devoted solely to children. When St. Jude opened in 1962, childhood cancer was largely considered incurable. Since then, St. Jude has helped push the overall survival rate from 20% to more than 80%, and it won't stop until no child dies from cancer. St. Jude shares the breakthroughs it makes to help doctors and researchers at local hospitals and cancer centers around the world improve the quality of treatment and care for even more children. Because of generous donors, families never receive a bill from St. Jude for treatment, travel, housing or food, so they can focus on helping their child live. Visit St. Jude Inspire to discover powerful St. Jude stories of hope, strength, love and kindness. Support the St. Jude mission by donating at stjude.org , liking St. Jude on Facebook , following St. Jude on X , Instagram , LinkedIn and TikTok , and subscribing to its YouTube channel. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209287925/en/ CONTACT: Ruth Klamper ruth.klamper@alsac.stjude.org 901-232-2351 KEYWORD: TENNESSEE UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PHYSICAL THERAPY SURGERY FUND RAISING GENERAL HEALTH FOUNDATION PHILANTHROPY HOSPITALS SCIENCE FAMILY CONSUMER HEALTH OTHER PHILANTHROPY OTHER SCIENCE RESEARCH OTHER HEALTH CHILDREN ONCOLOGY SOURCE: St. Jude Children’s Research Hospital Copyright Business Wire 2024. PUB: 12/09/2024 02:59 PM/DISC: 12/09/2024 02:58 PM http://www.businesswire.com/news/home/20241209287925/enIt has taken new Michigan coach Dusty May just nine games to guide the Wolverines into the Top 25. May and the Wolverines enter the poll at No. 14 and strive to continue their strong start when they face Arkansas in the Jimmy V Classic on Tuesday night in New York. Michigan (8-1) has reeled off seven straight wins to crack the rankings for the first time in nearly 25 months. "All this stuff doesn't matter to me," May said of the rankings. "It does change the complexion of what we think about and things like that. Overall, I like where we are. We have guys who work well together and they put in the time." The Wolverines look to remain hot against the Razorbacks (7-2). John Calipari's first Arkansas squad has won its past two games. Calipari spent the previous 15 seasons as coach of Kentucky and claims he's excited to be in Arkansas. "I'm not bitter about anything. I'm not," Calipari said. "This is the first page of the first chapter of a new book. The timing for me and my career and my life, this is perfect. And I appreciate the fans and everybody giving me the opportunity to do that." The Razorbacks will be searching for their initial milestone victory under Calipari during their first visit to Madison Square Garden since 1997. Their losses this season are to then-No. 8 Baylor and Illinois on neutral courts. Calipari grabbed several players out of the transfer portal in the offseason, including guard Johnell Davis, one of the stars of the Florida Atlantic team that reached the 2023 Final Four. That squad was coached by May. One of the other Florida Atlantic starters was center Vladislav Goldin, who followed May to Michigan after the coach was hired in the offseason. Goldin has strung together three straight solid games, including a season-best 24 points in a 67-64 road win over then-No. 11 Wisconsin on Dec. 3. He followed that up with 20 points and a season-high 11 rebounds in Saturday's 85-83 home win over Iowa. "He's just been a guy that you can see when he's really locked in and focused there's a different level of play," said May, "and I think now he's finding that level of play." Goldin is part of a balanced attack. Roddy Gayle Jr. averages a team-best 12.2 points per game, followed by Tre Donaldson and Danny Wolf at 12.1 and Goldin at 12.0. Wolf averages a team-best 10 rebounds per game. Arkansas is coming off a 75-60 home victory over UTSA on Saturday. Adou Thiero excelled by matching his career high of 26 points to go with 10 rebounds. Thiero scored 17 points in the second half when the Razorbacks overcame a five-point halftime deficit to outscore the Roadrunners by 20. "We've been seeing that the whole summer," Arkansas forward Trevon Brazile said of Thiero's strong play. "Him dominating. Dominating in practice and (Calipari) pushing him. This is just a reflection of the work he's done this summer and him trusting the coaches." Thiero leads the Razorbacks with averages of 18.6 points and 6.1 rebounds. Boogie Fland is averaging 15 points and Zvonimir Ivisic is scoring 12 per game. Davis (9.3) started slow with just two double-digit outings in the first seven games before averaging 12.5 over the last two games. Michigan holds a 4-3 edge in the all-time series. The Wolverines recorded an 80-67 home victory on Dec. 8, 2012 in the most recent meeting. --Field Level Media
KINGSTON, Jamaica – Digicel has promoted two Jamaican associates from within its ranks to the highest level in the company’s operations. Bjorn Reynolds, is the new chief technical and innovation officer and Kristalle Chin, has been appointed general manager, consumer – Mobile and Digicel+. Reynolds’ rise through the Digicel ranks reads of a local success story. Having joined Digicel as a customer care agent in 2003, he now holds the company’s top technical job. Reynolds is responsible for the evolution of the company’s mobile and high-speed fibre networks, implementing advanced and emerging technologies, and executing partnership programmes, while overseeing its engineering operations. After leaving Campion College, Reynolds attained a Bachelor of Science in Math and Electronics, and Master of Science in Digital Technology at the University of West Indies (Mona). “This is a dynamic time in Digicel’s history as we take on an even greater role when it comes to leveraging our spirit of innovation and local knowledge to spearheading the development and deployment of advanced network technologies that will enable the convergence of new voice, data and video services for consumers and businesses across Jamaica,” Reynolds remarked. Having made early gains since being appointed as general manager for Digicel+, the company’s home internet and TV business, in December 2023, Chin’s role has now been expanded to include the Consumer Mobile portfolio. As a Campion College alumna who holds a Bachelor of Arts in Environmental Studies and Geography from Macalester College, US, and an MBA from the Schulich School of Business, also in the US, Kristalle is responsible for delivering a simplified, 360° suite of services to homes and mobile customers across the country. “Convergence offers endless opportunities for creating lifetime value for our customers as they enjoy more of what Digicel has to offer them at home or on the go,” Chin stated. Digicel says the appointments are part of a strategic realignment under the guidance of Digicel Jamaica CEO, Stephen Murad, as the company shifts its focus towards further integrating its mobile and home entertainment assets to offer customers seamless experiences. “These homegrown talents are some of the finest minds in the telecoms business, and our customers are all to benefit from their diverse expertise and experience,” Murad stated.
Dell & HP Shares Slump As Dell Consumer Business Down 18%
Top 8 Software Development Technologies to Consider in 2025SACRAMENTO, Calif. , Dec. 20, 2024 /PRNewswire/ -- This holiday season, help give the drivers in your life the gift of convenience and control with the Reviver RPLATE ® — the exclusive digital license plate of the Sacramento Kings. The innovative RPLATE is the world's first digital license plate, allowing drivers to monitor and customize their license plate through the ease of a mobile application. Whether it is a teenager's first ride, or the dream car your parents always wanted, the holidays are the perfect time to gift your loved ones with a new car. Reviver has the perfect companion gift for a new car — the RPLATE, a smart and sleek digital license plate. The RPLATE helps make owning and maintaining a car easier and more enjoyable by turning the license plate into a connected vehicle platform. Through the RPLATE, drivers can quickly renew and update their vehicle's registration via the secure Reviver app. The RPLATE also offers fun personalization features with its weatherproof display, such as light/dark mode and banner messages. "I created Reviver and the RPLATE because I observed that the license plate and vehicle registration ecosystem wasn't innovating to meet the needs of the modern world," said Reviver Founder and Chief Strategy Officer Neville Boston . "At Reviver, we want to reimagine the driving experience and what a license plate can do. We want to make life easier for drivers, businesses, and government." Today, more than 65,000 drivers own an RPLATE including Cedric the Entertainer, Marshall Faulk and DJ Skee. Sacramento Kings fans can learn more about Reviver and the innovative RPLATE at an upcoming home game at Golden 1 Center. ABOUT REVIVER ® Reviver ® is a technology company on a mission to modernize the driving experience. As developer of the world's first digital license plate platform, Reviver products transform the license plate into a connected vehicle platform, enabling consumers and commercial businesses to digitize vehicle registration renewals and experience a growing set of personalization, convenience, and safety features, all managed through a mobile or web app interface. Reviver's digital license plates are legal for sale in Arizona and California , along with Texas for commercial fleet vehicles. Ten additional states are in various stages of adoption. Founded in 2009, Reviver is headquartered in Northern California , and is the official patch partner of the Sacramento Kings and the official innovation partner of the Sacramento Kings and Golden 1 Center. To purchase an RPLATE click here . To learn more about the RPLATE, click here . View original content to download multimedia: https://www.prnewswire.com/news-releases/help-them-drive-like-a-sacramento-king-give-the-gift-of-a-reviver-rplate-302337650.html SOURCE Reviver
Nearly half of American teenagers say they are online “constantly” despite concerns about the effects of social media and smartphones on their mental health, according to a new report published Thursday by the Pew Research Center. As in past years, YouTube was the single most popular platform teenagers used — 90% said they watched videos on the site, down slightly from 95% in 2022. Nearly three-quarters said they visit YouTube every day. There was a slight downward trend in several popular apps teens used. For instance, 63% of teens said they used TikTok, down from 67% and Snapchat slipped to 55% from 59%. This small decline could be due to pandemic-era restrictions easing up and kids having more time to see friends in person, but it's not enough to be truly meaningful . X saw the biggest decline among teenage users. Only 17% of teenagers said they use X, down from 23% in 2022, the year Elon Musk bought the platform. Reddit held steady at 14%. About 6% of teenagers said they use Threads, Meta's answer to X that launched in 2023. The report comes as countries around the world are grappling with how to handle the effects of social media on young people's well-being. Australia recently passed a law banning kids under 16 from social networks, though it's unclear how it will be able to enforce the age limit — and whether it will come with unintended consequences such as isolating vulnerable kids from their peers. Meta's messaging service WhatsApp was a rare exception in that it saw the number of teenage users increase, to 23% from 17% in 2022. Pew also asked kids how often they use various online platforms. Small but significant numbers said they are on them “almost constantly.” For YouTube, 15% reported constant use, for TikTok, 16% and for Snapchat, 13%. As in previous surveys, girls were more likely to use TikTok almost constantly while boys gravitated to YouTube. There was no meaningful gender difference in the use of Snapchat, Instagram and Facebook. Roughly a quarter of Black and Hispanic teens said they visit TikTok almost constantly, compared with just 8% of white teenagers. The report was based on a survey of 1,391 U.S. teens ages 13 to 17 conducted from Sept. 18 to Oct. 10, 2024.Syrian Rebels' 'First Fight' With Russian Army: Gunshots Fired As Armed Fighters Confront ConvoyBOSTON — More suspected drone sightings in the eastern U.S. led to a temporary airspace shutdown at an Air Force base in Ohio and arrests near Boston’s Logan International Airport, as elected officials increased their push for action to identify and stop the unmanned flights. Drones flying around Wright-Patterson Air Force Base near Dayton, Ohio, forced base officials to close the airspace for about four hours late Friday into early Saturday, said Robert Purtiman, a base spokesperson. It is the first time drones have been spotted at the base, one of the largest in the world, and no sightings were reported since early Saturday, Purtiman said Monday. He would not say how many drones were flying in the area, adding that they ranged in size and that they did not impact any base facilities. In Boston, city police arrested two men accused of operating a drone “dangerously close” to Logan Airport on Saturday night. Authorities said an officer using drone monitoring technology detected the aircraft and the location of the operators. A third man who fled police remains at large. Authorities said the two men face trespassing charges. Get local news delivered to your inbox!
China has revealed a chilling list of US naval targets it could look to strike should to two countries engage in a future conflict, according to a bombshell new report. The "hit list" was published in the state-supervised magazine Defence Industry Conversion and reportedly includes radars, sensors, and communication equipment. The report was authored by Mo Jiaqin, an expert in electronic countermeasures for the People's Liberation Army (PLA), who claimed the army could "hack" a major US Navy communication system amid WW3 fars with the Chinese armada. Tsunami warning for French Riviera town which could disappear under the sea Origin of mystery drones revealed by UFO expert as he warns of 'security threat' It includes details on how the PLA could hack into the US Navy's Cooperative Engagement Capability (CEC) system that shares defence resources between the entire fleet. The PLA said it could attack it with fake signals and "continuous access requests" that would "overwhelm" the electronic warfare system, according to the South China Morning Post . The report claims the army could mimick the "correct signaling method" to "infiltrate the CEC network as a cooperative unit and launch attacks". Jiaqin wrote: "Continuous access requests can be made to overwhelm one of the CEC nodes with identification tasks, disrupting its operation. "[The report can] provide references for the development of electronic countermeasures technology and related equipment in China's future naval battlefields." Jiaqin also detailed the CEC's strengths and weaknesses, arguing that its use of radars can be taken advantage of by foreign actors looking to interfere. She explained: "It [the CEC] is formed through the networking of phased array radars, which relies on wireless communication links. When the opposing force employs electronic interference, the wireless links are prone to disconnection or disruption." It is not yet known why this report was published and whether it will be taken seriously by the Chinese military in the event of a future conflict.
CUPERTINO, Calif. , Nov. 27, 2024 /PRNewswire/ - (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to report its financial results for the three-month period ended September 30, 2024 ("Q2-FY25"). All figures are reported in U.S. dollars, unless otherwise indicated. Boardwalktech's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). Please refer to the Unaudited Condensed Consolidated Financial Statements and Management's Discussion and Analysis (" MD&A ") for the three and six month period ended September 30, 2024 , filed on SEDAR+ at www.sedarplus.ca for more information. Financial Highlights: "We continue to execute on our updated strategy and positioning established at the beginning of this year," said Andrew T. Duncan , Chief Executive Officer of Boardwalktech. "In the banking sector, the Velocity product continues to grow within our largest customer, a top 5 US bank. We now have over 70 trained and dedicated people from three different partners working on this deployment, which is now in use by over 1,000 professionals within the bank. Velocity is producing the expected ROI and compliance required and this customer is now accelerating the deployment which will be a multi-year engagement. We continue to sign contracts with new partners as we expand our channel sales strategy. We are in multiple later stage deals with several partners and are enthusiastic about the pipeline of opportunities through the partner channel. We continue to see growth and expansion from existing customers and will see both new direct sales and channel sales contracts based on interest in the Boardwalk's software solutions. The foundation has now been set for growth in 2025, including an anticipated increase in revenue and an overall improvement in the business." Earnings Conference Call Details Boardwalktech management will be hosting its earnings conference call today (Novembert 27, 2024) Time: at 4:30 PM Eastern Time / 1:30 PM Pacific Time . To join the call, please use the following dial-in information: US/ Canada : 1-888-510-2154 (toll free) or 437-900-0527 (Local – Toronto ) Audience URL: https://app.webinar.net/A2zRLJKnBDe (copy & paste to your browser) Replay : A replay of the call will be available until December 4, 2024 and can be accessed by dialing 1-888-660-6345 and entering access code 57639# About Boardwalktech Software Corp. Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America . For more information on Boardwalktech, visit our website at www.boardwalktech.com . Forward-Looking Information and Statements This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements. An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's filing statement dated May 30, 2018 . Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. View original content to download multimedia: https://www.prnewswire.com/news-releases/boardwalktech-reports-second-quarter-fiscal-2025-financial-results-302317774.html SOURCE Boardwalktech Software Corp.BOCA RATON, Fla.--(BUSINESS WIRE)--Dec 16, 2024-- The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today a $70 million investment in capital expenditures to strengthen the Company’s capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to U.S. Immigration and Customs Enforcement (“ICE”). GEO is currently the largest service provider to ICE, currently providing approximately 21,000 detention beds (with a present census of 14,000) at 16 ICE Processing Centers with the ability to expand to a minimum of 32,000 beds at 23 facilities. GEO also presently provides electronic monitoring and case management services for approximately 185,000 participants under the Intensive Supervision Appearance Program, as well as secure ground transportation and air operations support services. With the objective of offsetting the $70 million investment in capital expenditures and further reducing debt, GEO intends to pursue the possible sale of several underperforming company-owned state correctional facilities. In addition, GEO also announced several senior management changes. GEO’s Chief Executive Officer, Brian Evans, has given GEO notice of his retirement to pursue other opportunities, effective December 31, 2024. J. David Donahue will begin serving as the new Chief Executive Officer, effective January 1, 2025. Mr. Donahue has more than 40 years of experience in corrections and detention, having served in senior executive roles overseeing operational planning, facility activations, and managing operational teams. He joined GEO as the Eastern Region Vice President in 2009, after a distinguished career in corrections with the Federal Bureau of Prisons, Kentucky, and Indiana, where he served as Corrections Commissioner from 2005 to 2008. He also served as the Vice President of the American Correctional Association (“ACA”) and is an ACA-Certified Corrections Executive. During his tenure with GEO, Mr. Donahue was promoted to Senior Vice President and President of GEO Secure Services in 2016 and retired from GEO in July of 2020. GEO previously announced the appointment of Paul Laird as Senior Vice President of Secure Services, effective January 1, 2025, replacing James Black who will retire on December 31, 2024 as previously announced. Mr. Laird joined GEO in 2015 as Eastern Region Director of Operations and was subsequently promoted to Western Region Vice President and was most recently transferred to Eastern Region Vice President. Prior to joining GEO, he served as Regional Director of the Federal Bureau of Prisons, North Central Regional Office, overseeing 20 facilities. Prior to that assignment, he served five years as the Chief Operating Officer of Federal Prison Industries and as Assistant Director of the Industries, Educational and Vocational Training Division. He also served on the AbilityOne Commission as a Presidential Appointee representing the United States Department of Justice between 2005 and 2015. GEO also announced the appointment of Daniel Ragsdale as Senior Vice President, Contract Administration and Compliance, effective January 1, 2025. Mr. Ragsdale joined GEO in 2017 as Executive Vice President, Contract Compliance, after a successful career at ICE, where he served as Deputy Director from 2012 to 2017. In that capacity, he served as Chief Operating Officer for ICE, leading 20,000 employees, including 7,000 criminal investigators at Homeland Security Investigations and 6,000 officers in Enforcement and Removal Operations. He also previously served as a Special Assistant U.S. Attorney in the Criminal Division of the U.S. Attorney’s Office for the District of Arizona. George C. Zoley, Executive Chairman of GEO, said, “We are pleased to welcome back David Donahue to GEO in his new role as Chief Executive Officer. His more than 40 years of experience in corrections and detention, coupled with his experience in operational planning, facility activations, and managing and overseeing operational teams will serve as an asset to our Company as we face the new and expanding opportunities ahead. We are also pleased to welcome Paul Laird and Dan Ragsdale to our Senior Management team. Mr. Laird’s operational experience and Mr. Ragsdale’s background in federal contract administration will continue to be important assets for our Company. We are continuing to prepare for what we believe are potentially unprecedented future growth opportunities. We are making a $70 million investment in capital expenditures to strengthen our capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring and related services to ICE. We also intend to pursue the possible sale of several of our underperforming company-owned state correctional facilities with the objective of offsetting these capital investments and further reducing our overall debt.” About The GEO Group The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO’s diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO’s worldwide operations include the ownership and/or delivery of support services for 99 facilities totaling approximately 80,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees. Use of forward-looking statements This news release may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission including its Form 10-K, 10-Q and 8-K reports. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements and risk factors contained in GEO’s filings with the U.S. Securities and Exchange Commission, including those referenced above. GEO disclaims any obligation to update or revise any forward-looking statements, except as required by law. View source version on businesswire.com : https://www.businesswire.com/news/home/20241216329043/en/ CONTACT: Pablo E. Paez (866) 301 4436 Executive Vice President, Corporate Relations KEYWORD: FLORIDA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PUBLIC POLICY/GOVERNMENT DEFENSE OTHER DEFENSE IMMIGRATION LAW ENFORCEMENT/EMERGENCY SERVICES PUBLIC SAFETY HOMELAND SECURITY GOVERNMENT TECHNOLOGY SOURCE: The GEO Group, Inc. Copyright Business Wire 2024. PUB: 12/16/2024 04:15 PM/DISC: 12/16/2024 04:15 PM http://www.businesswire.com/news/home/20241216329043/en
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