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The End of the "Lay Flat Era" for Savings: Passive Income Becomes Hard to Sustain LifeAs fans eagerly await the showdown between these two talented teams, the presence of Söyüncü and Tah adds a personal touch to the competition, highlighting the relationships and connections that transcend the boundaries of the sport. Their shared journey from Leverkusen to their current clubs symbolizes the bonds that are formed in football and the enduring friendships that are cherished by players throughout their careers.AP Sports SummaryBrief at 6:11 p.m. EST
SANTA CLARA, Calif. (AP) — San Francisco quarterback Brock Purdy took part in some light throwing on Monday after missing his first career game because of an injury and the 49ers are hoping he can return this week. Purdy hurt his throwing shoulder during a loss to Seattle on Nov. 17. Purdy underwent two MRIs last week that showed no structural damage. But Purdy he felt discomfort after making a few throws at practice on Thursday and was shut down for the game at Green Bay on Sunday that San Francisco lost 38-10 . Coach Kyle Shanahan said Monday that Purdy made it through the session without pain and will rest on Tuesday and hopefully be able to return to practice on Wednesday as the Niners prepare to play at Buffalo this coming week. “We rested it throughout the weekend hoping that would help,” Shanahan said. “He threw lighter today to see if that rest helps and the rest did help him. So we’ll see again, going through the same things we did last week. We’re going to let him rest all the way up to Wednesday. We’ll see how it feels on Wednesday and then we’ll take the exact same course throughout the week. Hopefully it responds better this week than it did last week with the rest.” Brandon Allen went 17 for 29 for 199 yards with a touchdown, an interception and a lost fumble in his first start since the 2021 season. Allen would play once again if Purdy is unable to go on Sunday at Buffalo. Purdy wasn't the only star player missing for the 49ers on Sunday with defensive end Nick Bosa missing the game with injuries to his left hip and oblique and left tackle Trent Williams out with an ankle injury. “Just waiting to see how they respond,” Shanahan said. “They didn’t respond great last week. That’s why they weren’t able to go. Nick and Trent are both in the same boat. ... We’ll evaluate as this week progresses and hopefully it turns a better corner than it did last week.” In other injury news, linebacker Dre Greenlaw will return to practice this week for the first time since tearing his Achilles tendon in the Super Bowl last season. Greenlaw will likely need at least a couple of weeks of practice before being able to return to play. Offensive lineman Jon Feliciano will be shut down for the rest of the season after his knee injury didn't fully heal. Feliciano's three-week practice window ended Monday and the Niners decided to keep him on injured reserve instead of activating him. Left guard Aaron Banks, defensive tackle Jordan Elliott and receiver Jacob Cowing all remain in concussion protocol to start this week and their status is unknown. Right guard Dominick Puni (shoulder) and cornerback Deommodore Lenoir (knee) underwent MRIs on Monday and the team is waiting for results. Cornerback Renardo Green (neck) and linebacker Demetrius Flannigan-Fowles (knee) are day to day. Defensive tackle Kevin Givens is expected to return to practice this week after missing the past four games with a groin injury. AP NFL: https://apnews.com/hub/nflA look at Jimmy Carter's life, legacy
Lawmakers press Pentagon to re-ground Ospreys until safety issues can be addressedFair Isaac's executive vice president sells $8.1 million in stockAs for Varane, a move away from Real Madrid could provide him with the fresh start he is looking for. The chance to test himself in a new league and a new environment could reignite his passion for the game and help him reach new heights in his career.
Another notable "first" at the meeting was the decision to hold a plenary session on economic affairs. This dedicated session signifies the heightened importance accorded to economic matters and the intention to address challenges and opportunities in a more focused and systematic manner. By convening a separate session specifically devoted to economic issues, the Central Political Bureau has underscored the centrality of economic development in the country's overall governance agenda.
Avante Corp. achieved 52% year-over-year revenue growth in the fiscal second quarter with Recurring Monthly Revenues improving by 29%. The Company expects continued growth in Fiscal 2025, fueled by the NSSG acquisition, technological innovation such as Halo, Avante Verified and WALL-E, and a strategic focus on combining organic expansion with tuck-in acquisitions. TORONTO-Ontario, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Avante Corp. (TSX.V: XX) (OTC: ALXXF) (“ Avante ” or the “ Company ”) 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.” QUARTERLY FINANCIAL HIGHLIGHTS FOR THE SECOND FISCAL QUARTER ENDED SEPTEMBER 30, 2024 : Within continuing operations, the Company reported revenue of $8,089 during the second quarter of fiscal 2025, representing year-over-year revenue growth of 52%, or $2,750, compared to $5,339 for the prior fiscal year second quarter. The increase was due to the acquisition of NSSG, Avante Black growth and organic growth of its domestic business. Total gross profit from continuing operations increased by $1,359 in the second quarter of fiscal 2025 compared to the same quarter in fiscal 2024. Gross profit margins within continuing operations remained relatively stable at 43% compared to 40% during the prior year’s second quarter, indicating a consistent level of profitability. The Avante Security segment delivered recurring monthly revenues (“ RMR ”) of $3,666 during the second quarter of fiscal 2025, up from $2,834 during the Company’s second quarter in the prior year, a year-over-year growth of 29%. The increase was due to net growth in monitoring customers and the introduction of new recurring revenue services to the existing client base. The Company achieved Adjusted EBITDA gain from continuing operations of $338 during the second quarter, compared to a gain of $227 for the prior fiscal year second quarter. OUTLOOK 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: Increase recurring monthly revenues; Achieve consolidated Adjusted EBITDA margins consistent with its industry; Achieve growth in Adjusted Net Income per share; Reinvest cashflows in future business growth. SUMMARY FINANCIAL RESULTS FOR THE SECOND FISCAL QUARTER ENDED SEPTEMBER 30, 2024 : 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 (“ RMR ”) 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. INVESTOR WEBINAR SCHEDULED FOR TUESDAY, NOVEMBER 26, 2024 at 1:00 pm ET (10:00 am PT) 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. Webinar Details: ABOUT AVANTE CORP. : 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 “ XX ”. For more information, please visit www.avantecorp.ca and consider joining our investor email list. Emmanuel Mounouchos Founder, CEO & Board Chair, Avante Corp. 416-923-6984 manny@avantesecurity.com This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities described herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release does not constitute an offer of securities for sale in the United States. The securities described herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements. Non-IFRS Financial Measures 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 EBITDA are to net income before interest, taxes, depreciation and amortization. References to Adjusted EBITDA 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. Recurring Monthly Revenues , or RMR , 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. Forward-Looking Information 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. 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.In addition to the emphasis on the "dual circulation" model, the meeting also witnessed the announcement of the country's first master plan for the construction of a modern socialist system. This plan outlines the blueprint for advancing various aspects of China's economic, social, and political systems to align with the country's long-term development goals. By unveiling this comprehensive roadmap, the Chinese leadership has demonstrated a commitment to deepening structural reforms and making systemic improvements to drive sustainable growth.
Sean “Diddy” Combs appeared in court on November 22 to once again push for release in his Manhattan federal sex-trafficking case — a request already shot down by two other judges and an appeals court judge while the 2nd U.S. Circuit Court of Appeals considers his bail request. When Combs entered the courtroom just after 2 p.m., he looked at his family in the gallery, blowing kisses and tapping his heart. Combs entered the courtroom unshackled. He sported a khaki jail uniform — button-down top, with a long-sleeved thermal underneath, and relaxed-fit pants — and embraced his attorneys before taking his seat at the defense table. Combs donned glasses as he looked over documents for several moments before the proceeding took off. Combs appeared attentive throughout the hearing. At various points, Combs sat with his arms crossed or sometimes on his lap. He took a sip of water at least once. Judge Arun Subramanian said that he would make his decision on bail next week, while the proceedings dished out more examples of Combs’s alleged bad-boy behavior behind bars. Prosecutors hammered him for breaking rules in jail, saying if Combs can’t be trusted in lockup, then he certainly can’t be trusted out on bail — no matter what measures were taken to keep the rapper in check. Combs’s lead attorney, Marc Agnifilo, said he understood that home detention at Combs’s South Florida home — which is on an island, with a boat dock — would be a hard sell. Instead, they had found a three-bedroom apartment on the Upper East Side for Combs, where he could stay, along with three full-time security staff, if released. Combs’s bail proposal also included a $50 million bond, backed by his $48 million Star Island estate. “For conditions to be sufficient, there has to be some level of trust that the defendant will follow them, and the defendant here has demonstrated either he cannot or he will not follow rules,” prosecutor Christy Slavik told Subramanian. “The defendant, simply put, cannot be trusted — he’s left no doubt that he cannot comply with conditions.” Slavik said that Combs’s lawyers couldn’t control him — and that his pitch for 24/7 monitoring by private security, that he himself would bankroll, fell flat. “The defendant has continued to communicate through unauthorized channels at [jail], and he has continued to communicate through unauthorized channels through his attorneys,” she said. “His attorneys are effectively enabling his flouting of [jail] rules.” Combs was alledly engaging in inappropriate efforts to sway would-be jurors’ views of the case, including with his press strategy. “What we have here is the defendant’s concerted effort to affect the integrity of these proceedings,” Slavik said. Combs himself told familiars that he wanted this, she alleged. “He is saying, ‘I want to “reach for this jury, I just need one,”’ and it’s with that intent that he’s proceeding with these PR campaigns.” Slavik also fought Combs’s efforts to downplay the video showing him attacking former girlfriend Casandra “Cassie” Ventura in a hotel nearly a decade ago; she’s been referred to as Victim-1 in court proceedings. Combs’s camp has complained that the video presented to court — which has been used by prosecutors in pushing for his detention — was edited by CNN to play out of order. “It was a bit puzzling that the defendant brought this up, because there’s really no dispute as to what actually happened during that incident. In fact, the defendant admitted to it and apologized for it in a public Instagram post,” Slavik said. “Whether the video was slowed or spliced or edited by CNN, there’s really no dispute about what the video shows — it shows the defendant shoving, kicking, and dragging a female victim.” When making his pitch for bail, Agnifilo insisted there was context behind the video that undermines its being used as proof of violent proclivities. “It really is purely consistent with our view of this being a consensual, long-term, loving, fraught relationship that had a breakup, and the breakup wasn’t because of coerced sex or forced sex,” he argued. Combs was arrested on September 16 following numerous allegations of sexual misconduct. The indictment details a shocking history of alleged abuse over the course of “decades” and charges him with racketeering conspiracy; sex trafficking by force, fraud, or coercion; and transportation to engage in prostitution. The Manhattan U.S. Attorney’s Office alleged that Combs “abused, threatened, and coerced women and others around him to fulfill his sexual desires, protect his reputation, and conceal his conduct.” Combs, with the help of his employees, used his business empire to craft a “criminal enterprise,” according to federal prosecutors. The Feds contended that Combs verbally, emotionally, physically, and sexually abused women and others for years — and that he “manipulated women to participate in highly orchestrated performance of sexual activity with male commercial sex workers.” Civil lawsuits against Combs also allege abuse against men and boys. As for the women under his control, Combs maintained his authority by drugging them, threatening their careers, and abusing his financial power over them, prosecutors alleged. Combs used his criminal enterprise to draw women into his troubling world, frequently under the guise of a romantic relationship, and then force them to participate in what he referred to as “freak offs,” prosecutors said. These freak offs, the Feds claimed, “were elaborate and produced sex performances that Combs arranged, directed, masturbated during, and often electronically recorded.” These were allegedly frequent and sometimes lasted multiple days. After the freak offs concluded, Combs and his victims “typically received IV fluids to recover from the physical exertion and drug use,” prosecutors said. During a raid in March, prosecutors said, authorities found drugs and “more than 1,000 bottles of baby oil and lubricant.” Male sex workers were purportedly at the core of the freak offs. The Feds claim that Combs used force and threats to pressure his victims to engage in “extended sex acts with male commercial sex workers,” according to the indictment. Combs has pleaded not guilty to the charges. Since Subramanian said he would issue a decision on bail next week, Combs will spend at least another weekend in jail and, in all likelihood, probably won’t be released before trial in May 2025. As Combs was escorted out of court, he offered his family gushy good-byes — the same kisses and waves with which he made his entrance.
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