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REDWOOD CITY, Calif., Nov. 30, 2020 (GLOBE NEWSWIRE) -- PubMatic, Inc. today announced it has launched the roadshow for the proposed initial public offering of its Class A common stock. PubMatic is offering 2,655,000 shares of Class A common stock and certain selling stockholders are offering 3,245,000 shares of Class A common stock in the offering. The Company and selling stockholders also intend to grant the underwriters a 30-day option to purchase up to 885,000 additional shares of Class A common stock. The initial public offering price is currently expected to be between $16.00 and $18.00 per share. PubMatic will not receive any proceeds from the sale of the shares by the selling stockholders. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. PubMatic intends to list its Class A common stock on the Nasdaq Global Market under the ticker symbol “PUBM.”Jefferies LLC and RBC Capital Markets, LLC will act as joint book-running managers for the proposed offering. JMP Securities LLC, KeyBanc Capital Markets Inc., Oppenheimer & Co. Inc., and Raymond James & Associates, Inc. will act as co-managers for the proposed offering.The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 547-6340 or by email at email@example.com; or RBC Capital Markets, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281, or by telephone at (877) 822-4089 or by email at firstname.lastname@example.org. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Forward Looking StatementsThis press release contains forward looking statements, including statements regarding the proposed initial public offering. These statements are not historical facts but rather are based on PubMatic’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those in PubMatic’s registration statement filed with the Securities and Exchange Commission.Press Contact: Ben Billingsley Broadsheet Communications for PubMatic email@example.comInvestors: Dylan Solomon The Blueshirt Group for PubMatic firstname.lastname@example.org
Dublin, Nov. 30, 2020 (GLOBE NEWSWIRE) -- The "North America VCSEL for Data Communication Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type and Material" report has been added to ResearchAndMarkets.com's offering. North America VCSEL for Data Communication Market is expected to reach US$223.73 million by 2027 from US$62.27 million in 2019, growing at at a CAGR of 18.2% from 2020 to 2027. The report provides trends prevailing in the North America VCSEL for data communication market along with the drivers and restraints pertaining to the market growth. Rise in adoption of VCSEL technology for data communication application is the major factor driving the growth of the North America VCSEL for data communication market. However, challenges associated with VCSEL technologies hinder the growth of North America VCSEL for data communication market. In North America, the US has the highest number of COVID-19 confirmed cases, and Canada and Mexico follow it among other countries. Though the complete impact of COVID-19 is still unknown, the impact across the electronics value chain will probably be beyond reach and strongly affecting parties involved with the semiconductor industry. COVID-19 shows the possible risks and vulnerability of the present electronics and semiconductor value chain model and creates challenges for the semiconductor industry to consider altering its North America supply chain model. Furthermore, during the lockdown in several affected countries, VCSEL manufacturers halted their activities due to disrupted supply of raw materials such as gallium arsenide and indium phosphide with mobility restrictions. However, after the relaxation, the market is expected to witness growth as investments are expected in the data communications industry. Also, several governments have urged people to work from home as well as practice social distancing. Since then, several day-to-day activities from working to schooling, have shifted online. This shift has resulted in a surge in digital communications services across North America. Online teaching and work from home have increased the need for internet access with people ensuring to remain connected. The North America region, particularly the US, witnessed an unprecedented rise in the number of confirmed cases resulting in large-scale lockdown across different regions as well as industrial activities. The majority of the manufacturing plants have shut down, municipalities are functioning slowly compared to the past, and the semiconductor industry was at a halt, which negatively impacts the VCSEL for data communication market. In terms of patient count and death toll, Canada and Mexico are still at a nascent stage compared to the US. However, the manufacturing plants, semiconductor industry, and several other businesses are functioning slowly, negatively impacting the North America VCSEL for data communication market. The North America VCSEL for data communication market is segmented into type, material, and country. Based on type, the market is segmented into single mode and multi-mode. In 2019, the multi-mode segment held the largest share in North America VCSEL for data communication market. Similarly, based on material, the market is bifurcated into gallium nitride, gallium arsenide, indium phosphide, and other. The gallium arsenide segment contributed a substantial share in 2019. Bandwidth10; Broadcom, Inc.; Hamamatsu Photonics K.K.; II-VI Incorporated; Lumentum Holdings Inc.; TRUMPF; Ushio America, Inc.; and VERTILAS GmbH are among the leading companies in the North America VCSEL for data communication market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Lumentum introduced three new advance high-speed datacom laser chips, which has strengthens its portfolio that leads to the growth of future hyperscale data centers and 5G wireless applications. The three product include,100G PAM4 Uncooled EMLs for Next-Generation Data Centers; 50G PAM4 VCSELs for High-Speed Short Reach Optical Networks; 50G PAM4 DMLs for 5G Mid-haul, Backhaul, and Hyperscale Data Centers. Key Topics Covered: 1\. Introduction 2\. Key Takeaways 3\. Research Methodology 4\. North America VCSEL for Data Communication Market Landscape 4.1 Market Overview 4.2 North America PEST Analysis 4.3 Ecosystem Analysis 4.4 Expert Opinion 5\. North America VCSEL for Data Communication Market - Key Market Dynamics 5.1 Market Drivers 5.1.1 Rise in adoption of VCSEL technology for data communication application 5.2 Market Restraints 5.2.1 Challenges associated with VCSEL technologies 5.3 Market Opportunities 5.3.1 Expansion of VCSEL technology in automotive industry 5.4 Future Trends 5.4.1 Wide applications of VCSEL for data communication 5.5 Impact Analysis of Drivers and Restraints 6\. North America VCSEL for Data Communication Market Analysis 6.1 Market Overview 6.2 North America VCSEL for Data Communication Market - Revenue and Forecast to 2027 (US$ Million) 6.3 North America Market Positioning - Five Key Players 7\. North America VCSEL for Data Communication Market Analysis - By Type 7.1 Overview 7.2 North America VCSEL for Data Communication Market, by Type (2019 and 2027) 7.3 Single Mode 7.4 Multi-Mode 8\. North America VCSEL for Data Communication Market Analysis - By Material 8.1 Overview 8.2 North America VCSEL for Data Communication Market, by Material (2019 and 2027) 8.3 Gallium Nitride 8.4 Gallium Arsenide 8.5 Indium Phosphide 9\. North America VCSEL for Data Communication Market - Country Analysis 10\. North America VCSEL for Data Communication Market - COVID-19 Impact Analysis 11\. Industry Landscape 11.1 Overview 11.2 Market Initiative 11.3 New Product Development 11.4 Merger and Acquisition 12\. Key Company Profiles * Bandwidth10 * Broadcom, Inc. * Hamamatsu Photonics K.K. * II-VI Incorporated * Lumentum Holdings Inc. * TRUMPF * Ushio America, Inc. * VERTILAS GmbHFor more information about this report visit https://www.researchandmarkets.com/r/qfdyooResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Summary “BRIC Peripheral Vascular Procedures Outlook to 2025” is a comprehensive databook report, covering key procedures data on the BRIC Peripheral Vascular Procedures.New York, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "BRIC Peripheral Vascular Procedures Outlook to 2025 - Carotid Artery Angiography Procedures, Carotid Artery Angioplasty Procedures, Carotid Artery Bare Metal Stenting Procedures and Others" - https://www.reportlinker.com/p05993115/?utm_source=GNW The databook report provides procedure volumes within segments - Carotid Artery Angiography Procedures, Carotid Artery Angioplasty Procedures, Carotid Artery Bare Metal Stenting Procedures, Carotid Artery Embolic Protection Procedures, Lower Extremity Embolic Protection Procedures, Percutaneous Transluminal Angioplasty (PTA) Balloon Procedures, Peripheral Angiography Procedures, Peripheral Angioplasty Procedures, Peripheral Vascular Stenting Procedures, PTA Drug Eluting Balloon (DCB) Procedures, PV Embolization Plugs and Coils Procedures, Renal Artery Angiography Procedures, Renal Artery Angioplasty Procedures, Renal Artery Bare Metal Stenting Procedures, Vascular Closure Procedures. The BRIC Peripheral Vascular Procedures report provides key information and data on - \- Procedure volume data for Peripheral Vascular Procedures related to the country. Data is provided from 2015 to 2025. Scope BRIC Peripheral Vascular Procedures is segmented as follows - \- Carotid Artery Angiography Procedures \- Carotid Artery Angioplasty Procedures \- Carotid Artery Bare Metal Stenting Procedures \- Carotid Artery Embolic Protection Procedures \- Lower Extremity Embolic Protection Procedures \- Percutaneous Transluminal Angioplasty (PTA) Balloon Procedures \- Peripheral Angiography Procedures \- Peripheral Angioplasty Procedures \- Peripheral Vascular Stenting Procedures \- PTA Drug Eluting Balloon (DCB) Procedures \- PV Embolization Plugs and Coils Procedures \- Renal Artery Angiography Procedures \- Renal Artery Angioplasty Procedures \- Renal Artery Bare Metal Stenting Procedures \- Vascular Closure Procedures Reasons to Buy The BRIC Peripheral Vascular Procedures report helps you to develop - \- Business strategies by identifying the key segments poised for strong growth in the future. \- Market-entry and market expansion strategies. \- Develop investment strategies by identifying the key segments expected to register strong growth in the near future. Read the full report: https://www.reportlinker.com/p05993115/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001
Such a stock is Teladoc Health (NYSE: TDOC). Teladoc is the leader in the space, with a network of over 50,000 clinicians in 450 sub-specialties available to patients in their homes. In fact, some investors may have been distressed about signs that Teladoc's business is hitting a plateau when it reported third-quarter results on Oct. 28.
Just because a stock has a low share price, that doesn't mean it's a great deal. There are many stocks under $10 per share with bad fundamentals, no earnings, or bad management that aren't going anywhere. Investors Bancorp (NASDAQ: ISBC), is the holding company for Investors Bank, a regional bank based in Short Hills, New Jersey.
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Today, the Danish Supreme Court announced its judgment in the case concerning the Ørsted Group’s right to use the Ørsted name. The action was brought by seven bearers of the Ørsted name. In the judgment, the Supreme Court upheld Ørsted’s claim that the company has the right to use the Ørsted name. This means that the case has been brought to a final close. Ørsted CEO Henrik Poulsen says:“We’re very pleased that the Danish Supreme Court has ruled in favour of our right to use the name Ørsted, and that this case has now been brought to an end. We changed our name to Ørsted in 2017 as a tribute to Hans Christian Ørsted, one of the greatest Danish scientists of all time. He discovered electromagnetism 200 years ago, thereby laying the foundation for the way we produce electricity today. Therefore, we believe that Ørsted is the right name for our company, and we’re pleased that the Danish Supreme Court has upheld our right to use the name.”Ørsted collaborates with the Danish societies ‘H.C. Ørsted Selskabet’ and the ‘Danish Society for the Dissemination of Natural Science’ founded by Hans Christian Ørsted on increasing the awareness of Hans Christian Ørsted and his groundbreaking discoveries.The information provided in this announcement does not change Ørsted’s previously announced financial outlook for the 2020 financial year or the expected investment level announced for 2020. For further information, please contact: Media Relations Ulrik Frøhlke +45 99 55 95 60 email@example.comInvestor Relations Allan Bødskov Andersen +45 99 55 79 96 Facts on the case On 2 October 2017, under its former name DONG Energy, the company announced that it would change its name to Ørsted in tribute to the Danish scientist Hans Christian Ørsted who discovered electromagnetism in 1820.Ørsted has been using the name for over 100 years through its ownership of the H.C. Ørsted Power Station. When the power station was named in the centenary year of the discovery of electromagnetism, the choice of name was supported by many of Hans Christian Ørsted’s descendants. In January 2018, an action was brought against Ørsted by three descendants of Hans Christian Ørsted, later to be joined by four more. They demanded that the company stop using the name. The case was heard by the Copenhagen Maritime and Commercial Court in March 2019, and the court found in favour of Ørsted in May 2019, entitling Ørsted to continue to use the name. This judgment was appealed to the Danish Supreme Court by the seven descendants in June 2019. Today, the Danish Supreme Court found that Ørsted has the right to use the name. About Ørsted Ørsted’s vision is to create a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks 1 in Corporate Knights’ 2020 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,120 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the company generated revenue of DKK 67.8 billion (EUR 9.1 billion). Attachment * 30NOV2020_Company announcement_Danish Supreme Court rules in favour of Ørsted regarding the Ørsted name
OTTAWA, Nov. 30, 2020 (GLOBE NEWSWIRE) -- The Canadian Institute of Actuaries (CIA) supports Canada’s eight largest pension funds in their call for companies to undertake consistent and improved disclosure of environmental, social and governance (ESG) factors according to the Sustainability Accounting Standards Board and the Task Force on Climate-related Financial Disclosures. Improved ESG disclosure will help change behaviours. It will also strengthen investment decision-making as stakeholders will be better able to assess risk exposures.The CIA released a statement in September 2019 calling on governments, business leaders, and investors to: 1. Prioritize national data collection related to the financial impacts of climate-related events; 2. Implement policies that make climate-risk financial reporting mandatory; and 3. Include ESG factors in investment decisions and corporate risk planning. The commitment to ESG disclosure signed by the Alberta Investment Management Corporation, the British Columbia Investment Management Corporation, the Caisse de Dépôt et Placement du Québec, the Canada Pension Plan Investment Board, the Healthcare of Ontario Pension Plan, the Ontario Municipal Employees Retirement System, the Ontario Teachers’ Pension Plan, and the Public Sector Pension Investment Board is a welcome step aligned with these goals.As Canadian businesses and governments work to rebuild the economy, this is the right time to introduce transparency in financial reporting mechanisms and disclosure requirements. Improved disclosure and common standards for financial reporting will allow actuaries to better assess the financial impacts of ESG risks on insurance companies and pension plans.“The CIA is committed to working with regulators, investors, and decision-makers on the journey towards a sustainable future,” says Michel St-Germain, CIA President.Read the CIA’s statement: Time to Act- Facing the Risks of a Changing ClimateMedia contact Sandra Caya Director, Communications and Public Affairs, Canadian Institute of Actuaries firstname.lastname@example.org 613-236-8196 ext. 116
The "Telecom Managed Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Dublin, Nov. 30, 2020 (GLOBE NEWSWIRE) -- The "Europe Industrial Workwear Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type, End-use Industry, Fit Type and Distribution Channel" report has been added to ResearchAndMarkets.com's offering. Innovations of New Products and Designing Multifunctional Garments to Escalate Europe Industrial Workwear Market at 9.4% CAGR During 2020-2027 The market was valued at US$3,588.69 million in 2019 and is projected to reach US$7,254.17 million by 2027; it is expected to grow at a CAGR of 9.4% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market. Industrial workwear is defined as a type of protective clothing which helps to protect the wearer's body from several fatalities and industrial hazards caused from chemicals, fires, oil and others. These forms of clothing also include special protective and functional clothing, which safeguards wearer from pollution and infection at the workplace. Such type of clothing and apparels are generally composed of Nomex and Proban fabrics which are known for its heat and abrasion resistance. With the growing focus towards employee safety at workplace along with Introduction of innovative technologies in industrial workwear including ultra-lightweight and durable fabrics, and ventilated designs for air ventilation inside the wearer's body are some of the trend which are expected to proliferate the growth of industrial workwear market in Europe. The growth of industrial workwear market in Europe is supported by the rising trends towards sustainability along with technological innovation. The demand for lighter protective apparel and equipment has risen owing to the growing focus towards comfortability, safety and durability. Further, producers are incorporating better properties in their fabric such as flex and stretch along with garment softness and breathability in order to improve the wearer comfort. The manufacturers are looking forwards to deploy innovations around comfort without overlooking the need for protection. The rising need for lighter workwear has driven the innovations in textiles and has ultimately led to modifications in garment design. For instance, the flame-resistant fabrics are now-a-days treated effectively in order to assure that the materials are properly coated. In future, the use of 3D printing is expected to replace traditional knitting and would alter the way protective clothing components are constructed. Additionally, the improvements in fibres and technologies have motivated the manufacturers to produce protective clothing which ideal to sustain multi-hazard environments, which means that a single garment can be used to endure concurrent hazards. For an instance, currently, the production of inherent and treated fabrics are mixed with liquid-proof membranes so as to safeguard against particular hazards including electric arc flash hydrocarbon flash fire, and chemical splash, as well as steam and hot liquid. All such factors are expected to proliferate the growth of the market. Impact of COVID-19 Pandemic on Industrial Workwear Market The outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Chemical and material is one of the major industries suffering serious disruptions such as office and factory shutdown, supply chain breaks, and technology event cancellations, as a result of this outbreak. Key Topics Covered: 1\. Introduction 2\. Key Takeaways 3\. Research Methodology 3.1 Scope of the Study 3.2 Research Methodology 4\. Industrial Workwear Market Landscape 4.1 Market Overview 4.2 PEST Analysis 4.3 Expert Opinion 5\. Industrial Workwear Market - Key Market Dynamics 5.1 Market Drivers 5.1.1 Introduction of Stringent Regulatory Framework regarding Workplace Safety 5.1.2 Increasing Awareness regarding Need to Ensure Workplace Safety 5.2 Market Restraints 5.2.1 Increased Industrial Automation 5.3 Market Opportunities 5.3.1 Growth of construction industry 5.4 Future Trends 5.4.1 Innovations of New Products and Designing Multifunctional Garments 5.5 Impact Analysis of Drivers and Restraints 6\. Industrial Workwear - Europe Market Analysis 6.1 Industrial Workwear Market Overview 6.2 Industrial Workwear Market - Revenue and Forecast to 2027 (US$ Million) 6.3 Market Positioning of Key Players 7\. Industrial Workwear Market Analysis - By Product Type 7.1 Overview 7.2 Industrial Workwear Market, By Product Type (2019 and 2027) 7.3 Top Wear 7.3.1 Overview 7.3.2 Shirt 7.3.3 Vest 7.3.4 Jackets 7.3.5 Bibs 7.3.6 Caps 7.3.7 Rainwear 7.4 Bottom Wear 7.4.1 Overview 7.4.2 Trousers 7.4.3 Shorts 7.4.4 Rainwear 7.4.5 Others 7.5 Coveralls 8\. Industrial Workwear Market Analysis - By End-Use Industry 8.1 Overview 8.2 Industrial Workwear Market, by End-Use Industry (2019 and 2027) 8.3 Oil and Gas 8.3.1 Overview 8.3.2 Construction 8.3.3 Manufacturing 8.3.4 Automotive 8.3.5 Chemical 9\. Industrial Workwear Market Analysis - By Fit Type 9.1 Overview 9.2 Industrial Workwear Market, By Fit Type (2019 and 2027) 9.3 Men 9.4 Women 9.5 Unisex 10\. Industrial Workwear Market Analysis - By Distribution Channel 10.1 Overview 10.2 Industrial Workwear Market, By Distribution Channel (2019 and 2027) 10.3 Offline 10.4 Online 11\. Industrial Workwear Market - Country Analysis 12\. Overview- Impact of COVID-19 13\. Industry Landscape 13.1 Merger and Acquisition 13.2 Business Planning and Strategy 13.3 Product News 14\. Key Company Profiles * 3M Company * Ansell Ltd * Aramark * DuPont de Nemours, Inc. * Fristads Kansas Group * Honeywell International Inc. * Hultafors Group * Lakeland Industries, Inc. * Lindstrom Group * VF CorporationFor more information about this report visit https://www.researchandmarkets.com/r/npoq7j Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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Summary “North America Prosthetic Heart Valve Procedures Outlook to 2025” is a comprehensive databook report, covering key procedures data on the North America Prosthetic Heart Valve Procedures.New York, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "North America Prosthetic Heart Valve Procedures Outlook to 2025 - Conventional Aortic Valve Replacement Procedures, Conventional Mitral Valve Procedures and Transcatheter Heart Valve (THV) Procedures" - https://www.reportlinker.com/p05993116/?utm_source=GNW The databook report provides procedure volumes within segments - Conventional Aortic Valve Replacement Procedures, Conventional Mitral Valve Procedures and Transcatheter Heart Valve (THV) Procedures. The North America Prosthetic Heart Valve Procedures report provides key information and data on - \- Procedure volume data for Prosthetic Heart Valve Procedures related to the country. Data is provided from 2015 to 2025. Scope North America Prosthetic Heart Valve Procedures is segmented as follows - \- Conventional Aortic Valve Replacement Procedures \- Conventional Mitral Valve Procedures \- Transcatheter Heart Valve (THV) Procedures Reasons to Buy The North America Prosthetic Heart Valve Procedures report helps you to develop - \- Business strategies by identifying the key segments poised for strong growth in the future. \- Market-entry and market expansion strategies. \- Develop investment strategies by identifying the key segments expected to register strong growth in the near future. Read the full report: https://www.reportlinker.com/p05993116/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001
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There are currently three Dow stocks that look to be nothing short of screaming buys. Although Visa (NYSE: V) is just a stone's throw away from an all-time high, it's a dominant payment processor that always seems to deliver for patient long-term investors. The beauty of the Visa business model is that it's designed to grow with the U.S. and global economy.
The "Load Break Switches - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
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LOS ANGELES, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Virtual Dining Brands, LLC, a wholly owned subsidiary of Cordia Corporation (OTC: CORG), today outlined its strategy for launching branded virtual restaurants. The company is currently testing the menu for Feast by Busta (www.feastbybustarhymes.com). The offering is curated by world famous recording artist Busta Rhymes. It features a selection of popular items including a Waygu beef sliders, creamed corn nuggets, a vegetarian burger and market specific desserts.In addition to Busta, the company anticipates opening delivery only restaurants from other recording artists, celebrities, entertainment brands and professional athletes in 2021.Each menu is being developed by the company’s experienced culinary team in conjunction with brand owners. Menus are designed to scale for regional and national distribution.Targeted partners range from independent restaurants needing to add revenue to survive to larger chains seeking an association with world recognized celebrities. The company plans a franchise program for independent entrepreneurs using ghost kitchens.Virtual Dining is organizing a network of social media influencers to support each launch. All of its celebrity and brand partners will be contractually required to regularly post on their social channels. Additionally, the company is working with a variety of influencers ranging from micro influencers in specific cities to recognized food accounts with significant followings to promote the company’s menus.The company is developing a TikTok inspired kitchen in Los Angeles which will allow its chefs, influencers and brands to develop short form promotional content for the company’s branded restaurants.Virtual Dining Brands expects to offer its celebrity and brand menus in approximately 1000 restaurant and ghost kitchens over the next twelve months. Restaurants are able to apply for current and upcoming menus at the company’s website (www.virtualdiningbrands.com).email@example.com 213-915-6673This news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities & Exchange Act of 1934, as amended, with respect to achieving corporate objectives, including developing the Company's business model, creating menu items the general public is interested in buying, securing celebrity partnerships and developing virtual restaurants and adding any franchise or restaurant partners or social media influencers. The Company's plans described above and otherwise are contingent upon adequate financing, of which there are no assurances. No information in this press release should be construed as any indication whatsoever of the Company's future financial results, revenues or stock price. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.