SCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2025 RESULTSSambhal : The Sambhal district administration has written to the Archaeological Survey of India (ASI) for carbon dating of the Bhasma Shankar temple, including a well there, officials said on Sunday, December 15, days after the reopening of the temple locked since 1978 following communal riots in the town. Worshippers have started visiting the temple and it is being guarded round the clock, they said. “This is the temple of Kartik Mahadev. A well has been found here. This is Amrit Koop. Security guards have been permanently posted here and CCTV cameras have also been installed. Puja has also started in the temple. There is encroachment here, which is being removed,” District Magistrate Rajender Pensiya said. “We have written a letter to ASI for carbon dating of the temple and the well,” he added. Carbon dating is a method used to determine the age of archaeological artefacts from ancient sites. Superintendent of Police Krishan Kumar said that all roads leading to the temple have been covered with CCTV cameras and a control room is also being set up there. “There will be round-the-clock security in the temple and permanent police deployment is being ensured,” the SP said. Provincial Armed Constabulary (PAC) personnel have been posted at the site. The Bhasma Shankar temple was reopened on Friday after authorities said that they stumbled upon the covered structure during an anti-encroachment drive. Referring to the reopening of the temple, Uttar Pradesh Chief Minister Yogi Adityanath on Sunday said it did not appear overnight and represents “our enduring heritage and the truth of our history”. Mahant Acharya Vinod Shukla, the temple priest, said worshippers have begun visiting and offering prayers. Local resident Mohit Rastogi expressed gratitude over the temple’s reopening. “I had heard about this temple from my grandfather,” he said, after offering water to the Shivling and reciting prayers. “I thank the district administration for allowing us to reconnect with our heritage,” he added. The temple is situated in the Khaggu Sarai area which is just over a kilometre away from the Jama Masjid where violence had taken place on November 24 during a protest against a court-ordered survey of a mosque. The temple houses an idol of Lord Hanuman and a Shivling. It had remained locked since 1978 after the communal riots led to the displacement of the local Hindu community, locals claimed. The temple also has a well nearby which the authorities plan to reopen. Some residents on Saturday shared their memories of the temple, with many highlighting its importance for the community. Vishnu Shankar Rastogi, the 82-year-old patron of the Nagar Hindu Mahasabha, said, “I have lived in Khaggu Sarai since my birth. After the 1978 riots, our community was forced to migrate from the area. This temple, dedicated to our Kulguru, has been locked since then.” Weeks after four people died in the violence during the protest against the court-ordered survey of the Shahi Jama Masjid here, the administration has launched a campaign to tackle encroachments and power theft in areas around the Mughal-era mosque.
Meta, the parent company of Facebook, is reportedly planning to add displays to its popular Ray-Ban smart glasses, marking a significant step towards integrating augmented reality (AR) into everyday eyewear. This move comes as Meta doubles down on its push to develop “AI-native” devices, with the aim of eventually replacing smartphones as our primary computing platform. According to a recent report by the Financial Times, these displays could be incorporated into a new iteration of the Ray-Ban glasses as early as the second half of 2025. While the exact specifications remain under wraps, sources suggest that the screens will likely be small and primarily used for displaying notifications or responses from Meta’s AI assistant. This suggests that Meta is taking a gradual approach to AR integration , focusing on enhancing existing functionalities rather than creating a full-blown mixed-reality experience right away. This news is particularly exciting because it signals a potential acceleration of Meta’s AR ambitions. Just a few months ago, at Meta Connect 2024, the company unveiled its prototype for “Orion,” a more advanced AR glasses device with holographic displays and deeper AI integration. While it was initially unclear whether Orion would ever see the light of day as a commercial product, the positive response it garnered seems to have invigorated Meta’s AR development efforts. Why is Meta betting big on AR glasses? The answer lies in their vision of the future of computing. Imagine a world where you no longer need to pull out your smartphone to check notifications, get directions, or access information. Instead, all of this would be seamlessly displayed in your field of view through a pair of stylish glasses. This is the promise of AR, and Meta believes it has the potential to revolutionize how we interact with technology and the world around us. What can we expect from these new Ray-Ban glasses? While details are still scarce, here are some potential features based on current trends and Meta’s own research: The Road to Mass Adoption: Challenges and Opportunities While the potential of AR glasses is undeniable, there are still several hurdles to overcome before they become mainstream: Despite these challenges, Meta’s commitment to AR is evident. By starting with small, incremental upgrades to its existing Ray-Ban line, Meta is cleverly laying the groundwork for mass adoption. The familiarity and popularity of the Ray-Ban brand could help overcome some of the social barriers associated with wearing tech-infused glasses. Additionally, by focusing on practical applications like notifications and AI assistance, Meta is demonstrating the real-world value of AR in a way that resonates with consumers. My Personal Take As someone who has been following the development of AR for years, I’m incredibly excited about the prospect of Meta’s Ray-Ban glasses with displays. I believe that wearable technology has the potential to be far more intuitive and integrated into our lives than smartphones, and AR glasses are a crucial step in that direction. I’m particularly interested in seeing how Meta addresses the challenges of battery life and social acceptance. If they can crack those nuts, I think we could be on the cusp of a major shift in how we interact with technology. Meta’s reported plans to add displays to its Ray-Ban glasses represent a significant milestone in the evolution of AR. By combining the style and familiarity of Ray-Ban with the power of AI and augmented reality, Meta is poised to bring this technology to the masses. While challenges remain, the future of AR looks brighter than ever, and I, for one, can’t wait to see what Meta has in store for us next.
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Aybak: About 35 miners were trapped under the rubble of a coal mine in Afghanistan’s Samangan province, local officials said on Sunday, December 15. The provincial health director, Sayed Usman Hamidi, counted 35 miners under the debris, saying rescue teams and health personnel have been dispatched to the area to rescue the trapped miners, Xinhua news agency reported. “Preliminary reports indicate that several miners were busy in a coal mine in the Dara-i-Sufi Payin district of Samangan province yesterday, but part of the mine caved in, and resultantly several miners were trapped under rubble,” a statement from the provincial police office released on Sunday said. The statement further said that police personnel, local officials, and villagers have rushed to the site to rescue trapped miners from under the debris. The operations are being continued to rescue workers trapped under the debris but none have been freed yet, according to local Taliban officials. The incident occurred around 6 p.m. Saturday, according to the Bakhtar News Agency. Earlier this week, two workers died from gas exposure at a coal mine in Bamiyan province’s Khwaja Ganj village. In February 2002, at least 10 miners lost their lives after being trapped underground when a coal mine collapsed in Afghanistan. In 2019, at least 30 people were killed in the collapse of a gold mine in Afghanistan, officials said. The collapse occurred in the Kohistan district of Badakhshan province. Afghanistan houses vast resources of minerals, but many of the mines are old and poorly maintained. Afghanistan’s mining sector has seen frequent fatal accidents, often attributed to inadequate safety measures and a lack of proper equipment.The perfect time to fight corruption is nowGaetz withdraws as Trump's pick for attorney general, averting confirmation battle in the Senate
Tesla’s Innovative Robot Takes Center Stage Tesla has once again made headlines with its humanoid robot, Optimus, making its debut in a viral video as it attempts to navigate a challenging terrain. Released on Instagram, the clip displays Optimus awkwardly tackling an uneven path, its movements reminiscent of a toddler’s uncertain steps or a person struggling to regain their balance after a night out. Humor Meets Technology The internet immediately responded with humor and speculation. Social media erupted with entertaining comments, drawing parallels between the robot’s stumbling gait and everyday human experiences. Observations ranged from quips about late-night escapades to tongue-in-cheek judgments about the robot’s sobriety. Many users even speculated that Tesla deliberately designed the robot’s imperfect movements to make it appear more relatable and less intimidating. Beyond the Laughs: A Glimpse into the Future Despite the comedic takes, the video underscores significant advancements in Tesla’s quest for humanoid robotics. The fact that Optimus manages to regain its balance after stumbling indicates notable strides in robotic mobility and balance. Tesla envisions a future where such robots can undertake repetitive or hazardous tasks, freeing humans to engage in more creative and intellectually stimulating activities. The Road Ahead for Humanoid Robotics While opinions remain divided on the implications of robots like Optimus, there’s no denying the potential they hold for transforming industries. Even in its developmental phase, Optimus’s clumsy, yet promising, performance is a step toward achieving human-like agility in robotics, paving the way for future innovations. Revolutionizing Robotics: Tesla’s Bold Leap with Optimus In a captivating display of technology pushing boundaries, Tesla has introduced its humanoid robot, Optimus, to the world, sparking a wave of curiosity and excitement. While much of the internet’s response was comedic, this unveiling marks a significant move in humankind’s quest to integrate robotics into daily life. As Tesla continues to innovate, understanding the potential and limitations of such advancements becomes crucial. Features and Innovations The release of Optimus showcases several cutting-edge features and technological advancements. Despite its somewhat humorous debut, the robot’s ability to regain balance after stumbling is a testament to the sophisticated algorithms developed by Tesla. These include real-time decision-making capabilities and the use of sensors for environment navigation, which are still groundbreaking feats in robotics. Use Cases Beyond Entertainment Tesla envisions a multitude of practical applications for Optimus. Its potential to perform repetitive, dangerous tasks shows promise across various sectors, including manufacturing and logistics. By assuming roles that are labor-intensive or harmful, Optimus could significantly reduce human involvement in high-risk environments, thus enhancing workplace safety and productivity. Pros and Cons of Tesla’s Optimus Pros: – Innovation in Mobility : The robot’s ability to navigate uneven terrains demonstrates advanced mobility solutions. – Automation Potential : Optimus could streamline operations and boost efficiency by handling mundane tasks. – Safety Enhancement : Robots in hazardous roles can minimize human exposure to dangers. Cons: – Developmental Stage : As evidenced by its stumbling, significant refinement is required. – High Costs : The integration of such robots could entail substantial financial investments. – Societal Impact : The replacement of human roles with robots poses ethical and employment concerns. Future Predictions and Market Insights The journey from concept to reality for humanoid robots like Optimus is one filled with challenges and opportunities. The robotics market is anticipated to grow exponentially, with increased investments in AI and automation. Tesla’s foray into the field signals a shift toward more dynamic and human-like machines, aligning with broader market trends. Security and Ethical Considerations As robotics become more pervasive, emphasizing security is paramount. Protecting data privacy and ensuring control over robotic functions will be essential in preventing misuse. Ethical considerations will also come to the fore, requiring thoughtful dialogue on the role of robots in society. Tesla’s Optimus exemplifies the blend of humor and innovation that often accompanies technological breakthroughs. While still in its nascent stages, the potential impact on various industries is undeniable. As Tesla continues to refine Optimus, the world watches with eager anticipation for what the future holds in humanoid robotics. For more information, explore Tesla’s innovations at Tesla .
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NEW YORK , Nov. 22, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Liberty Broadband Corporation (NASDAQ: LBRDA)'s sale to Charter Communications, Inc. for 0.236 of a share of Charter common stock per share of Liberty Broadband common stock. If you are a Liberty shareholder, click here to learn more about your legal rights and options . Berry Global Group, Inc. (NYSE: BERY)'s sale to Amcor plc for 7.25 Amcor shares for each Berry share. Upon closing of the proposed transaction, Berry shareholders will own approximately 63% of the combined company. If you are a Berry shareholder, click here to learn more about your rights and options . Retail Opportunity Investments Corp. (NASDAQ: ROIC)'s sale to Blackstone for $17.50 per share. If you are a Retail Opportunity shareholder, click here to learn more about your rights and options . Premier Financial Corp. (NASDAQ: PFC)'s sale to WesBanco, Inc. for 0.80 of a share of WesBanco common stock for each share of Premier common stock. If you are a Premier shareholder, click here to learn more about your rights and options . Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com . Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLC Daniel Sadeh, Esq. Zachary Halper, Esq. One World Trade Center 85th Floor New York, NY 10007 (212) 763-0060 sadeh@halpersadeh.com zhalper@halpersadeh.com https://www.halpersadeh.com View original content to download multimedia: https://www.prnewswire.com/news-releases/shareholder-investigation-halper-sadeh-llc-investigates-lbrda-bery-roic-pfc-on-behalf-of-shareholders-302314338.html SOURCE Halper Sadeh LLP
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Mayor Eric Adams vows to work with the Trump administration to get migrants who commit crimes out of New York CityVANCOUVER — British Columbia business owner Joe Chaput will spend $5,500 a month on security guards during the holiday season and plans on upgrading his store’s video camera system for around $5,000 more. He’s not selling luxury brands or expensive jewels. Chaput sells cheese, and at Christmas, cheese is a hot commodity. He is the co-owner of specialty cheese store les amis du Fromage, with two locations in Vancouver. While cheeselifting is rare in their Kitsilano store, the outlet in East Vancouver is hit in waves, with nothing happening for a month, then three of four people trying to steal their inventory within a week. “Sometimes, you miss it. Sometimes, you catch it. The way shoplifters behave ... they tend to gravitate toward expensive things,” said Chaput. Expensive cheese is on shoplifters’ Christmas list, he said. “They tend to do the classic examples of staying away from customer service and trying to go to a different part of the store so they can be left alone to steal.” Chaput isn’t alone. Police say food-related crimes on are the rise in Canada and as prices climb for items such as cheese and butter, they become lucrative on the black market for organized crime groups, not to mention theft for local resale. Sylvain Charlebois, the director of Dalhousie University’s Agri-food Analytics Lab, said a black market tends to emerge as soon as food prices surge. “Organized crime will steal anything (if) they know they can sell it and so, they probably would have known who their clients are before even stealing anything at all, and that’s how a black market is organized,” said Charlebois. He said he believes there are two categories of people shoplifting — those who do so out of desperation because they can’t afford the food, or organized criminals, profiting from sales on the black market. Mounties in North Vancouver made cheesy headlines when they ran into a man with a cart of stolen cheese in the middle of the night in September. The cheese, valued at $12,800, was from a nearby Whole Foods Store. While the cheese was recovered, it had to be disposed of because it hadn’t been refrigerated. Const. Mansoor Sahak, with the North Vancouver RCMP, said officers believe cheese is targeted because it’s “profitable to resell.” “If they are drug addicts, they will commit further crimes with that or feed their drug habits. It’s a vicious cycle,” said Sahak. Sahak said meat is also a top target for grocery thieves, with store losses sometimes in the thousands. “So, we’re not surprised that this happened,” said Sahak. Police in Ontario have been chasing down slippery shoplifters going after butter. Scott Tracey, a spokesman with Guelph Police Service, said there have been eight or nine butter thefts over the last year, including one theft last December worth $1,000. In October, two men walked into a local grocer and filled their carts with cases of butter valued at $936, and four days later a Guelph grocer lost four cases valued at $958. Tracey said he has looked at online marketplaces and found listings by people selling 20 or 30 pounds of butter at a time. “Clearly, somebody didn’t accidentally buy 30 extra pounds of butter. So, they must have come from somewhere,” said Tracey, “I think at this point it appears to be the black market is where it’s headed.” He said the thefts seem to be organized, with two or three people working together in each case. Police in Brantford, Ont., are also investigating the theft of about $1,200 worth of butter from a store on Nov. 4. Charlebois said retailers could invest in prevention technologies like electronic tags, but putting them on butter or cheese is rare. He said up until recently grocery store theft has been a “taboo subject for many years.” Stores didn’t wanted to talk about thefts because they didn’t want to alarm people but now they feel they need to build awareness about what is “becoming a huge problem,” said Charlebois. Chaput, the cheese store owner, said he had been running the East Vancouver store for 15 years while managing the store in Kitsilano for 30 years, and he loves his customers. “It’s really one of the best parts of our businesses, seeing familiar faces and making new customers. It’s why we come to work, really. Partly it’s the cheese, and partly it’s the people,” said Chaput. He said his strategy to combat would-be thieves is to give them extra customer service to make it harder for them to steal. He admits, however, that the shoplifting causes him stress. “It’s challenging. You’re busy trying to run your business day to day and take care of customers and take care of employees. Having to deal with criminals, just kind of scratches away. It can be a bit exhausting,” said Chaput.
Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffsPaver Sealing Services and Other Related Services With Open Sea Pressure Washing 12-27-2024 10:24 PM CET | Politics, Law & Society Press release from: ABNewswire Jacksonville, FL - A surface made of pavers can add visual appeal to any property. For example, a patio made of pavers can serve as a relaxing hangout spot, and a walkway made of pavers can encourage pedestrians to navigate around a scenic area, such as a fountain, small park, or flower garden. It is in the interest of any property owner to maintain their paver surfaces so that they can last longer and stay beautiful. This is why Open Sea Pressure Washing [ https://www.opensea.vet/ ] proudly provides many paver-related services [ https://www.opensea.vet/paver-sealing-company-in-jacksonville-fl/ ] to the Jacksonville, FL community, including paver sealing, paver sanding, and paver leveling. Protect Pavers and Prevent Damage With Paver Sealing All exterior surfaces will take some amount of damage as time passes, and it is no exception for surfaces made of pavers. There are many reasons why this damage can occur. Debris can accumulate on the pavers and gradually erode them. Foot traffic can do the same thing, as can the passage of vehicles in the case of a paver driveway. To reduce the likelihood of this damage, property owners are recommended to invest in paver sealing. The way paver sealing works is not overly complex. The process begins with the application of liquid sealant. Brush a thin layer of this substance onto the pavers, and then, wait twenty-four to forty-eight hours so it can dry. After this time has passed, a thin, transparent barrier will be present around the pavers, shielding them from all sorts of damage. Stabilize Paver Surfaces With Paver Sanding Pavers are held together with a substance known as polymeric sand. However, this sand is not invulnerable, and there is a possibility of it deteriorating over time. Additionally, when pavers are first laid, they will need to be "glued" together with polymeric sand before they can be used as a surface. Property owners can choose to either install their own polymeric sand or reach out to a company such as Open Sea Pressure Washing to fulfill these needs. To install polymeric sand, pour the substance on top of the pavers. Then, use a brush to move the sand into the joints of the pavers. Finally, add water to the sand to cure it. This initiates the process of the sand hardening and adhering the individual pavers together. Ensure Flat Surfaces With Paver Leveling Services Pavers of varying heights do not make for a comfortable surface. That is because individual pavers can just out and become tripping hazards. To prevent a risk of injury, it is important to ensure that pavers are leveled. This is accomplished in most cases with a thin "blanket" of polymeric sand beneath the pavers. The sand is molded into a flat surface, ensuring that all pavers are at the same height. When the polymeric sand is cured, the pavers will be perfectly flat and ready for use by the property's occupants and their guests. About Open Sea Pressure Washing Open Sea Pressure Washing is a small pressure washing business that proudly serves Jacksonville, FL [ https://maps.app.goo.gl/5bVNuaWAFrFywGfV6 ] and other surrounding communities. The company provides a variety of paver-related services, including paver sealing, paver sanding, and paver leveling. In addition, Open Sea Pressure Washing offers pressure washing services, making the company the premier one-stop shop for all exterior surface maintenance needs. For more information about Open Sea Pressure Washing, visit their website [ https://www.opensea.vet/ ] or call (904) 417-8020. Media Contact Company Name: Open Sea Pressure Washing Contact Person: Joshua Graham Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=paver-sealing-services-and-other-related-services-with-open-sea-pressure-washing ] Phone: (904) 417-8020 City: Jacksonville State: Florida Country: United States Website: https://www.opensea.vet/ This release was published on openPR.
Vietnam's ambitions to modernize its military and diversify international partnerships were on full display at the 2024 Vietnam International Defense Expo, an exhibition that concluded with defense enterprises signing 16 contracts worth over $286 million, along with 17 strategic cooperation agreements with international defense firms. The exhibition, which took place from Dec. 19-22 in Hanoi, featured more than 240 defense industry companies and represented 49 countries. Vietnamese Prime Minister Pham Minh Chinh said the expo was “an affirmation of Vietnam's role and contribution in international defense cooperation” and a “symbol of trust, respect and goodwill in cooperation between nations for a world of peace, stability and prosperity.” Experts noted that the vast number of international companies at the exhibition reflected Vietnam’s long-term approach to diversifying its foreign partners. "If you look at the list of invited firms and defense firms and companies at the expo, you can see there’s a wide range of companies from many different countries,” said Hanh Nguyen, a research fellow at the Yokosuka Council on Asia-Pacific Studies based in Japan. “This decision reflects Vietnam's long-standing foreign policy approach, which is to strive to build partnerships with every country regardless of their political system or ideology," he added. Bich Tran, a postdoctoral fellow at the Lee Kuan Yew School of Public Policy in Singapore, shared a similar sentiment, explaining to VOA that the presence of Chinese, Russian and Western countries at the expo showed that Vietnam is committed to the principle of diversifying its foreign relations. “Vietnam has talked about diversifying its arms supplies for many years, but I think Russia’s invasion of Ukraine forced Vietnam to facilitate the process. So with this expo, [Vietnam] has the opportunity to talk with many different partners, to look around to see what will work,” Tran said. American firms Boeing and Lockheed Martin, French company Airbus, and Chinese state-owned China North Industries Corporation (NORINCO) attended the expo. NORINCO's participation marked the first time for a Chinese company. Concurrently, Vietnam’s general-secretary of the Communist Party, To Lam, met with visiting Chinese Defense Minister Dong Jun. Despite the active participation and discussion between Beijing and Hanoi officials, Nguyen said the expo is unlikely to become a breakthrough point for arms sales between the two countries, noting that Vietnam has concerns over the transparency performance of Chinese military equipment. Nguyen The Phuong, a doctoral candidate in maritime security at the University of New South Wales, told VOA that “Vietnam will never, ever buy any lethal weapons from China,” adding that Vietnam’s reluctance to buy weapons from China is a “long-standing principle dating back to the ‘70s and '80s.” Phuong said Vietnam is preparing to advance and upgrade its outdated systems, “focusing on the modernization of the Vietnamese army and maritime defense needs.” “Vietnam is trying to modernize its navy and air force and trying to turn them into modernized and capable services after 2030. So, there are a lot of things that the Vietnamese military wants to improve from buying more aircraft for its air force, building more warships for its navy, and especially the capability to monitor.” Contributing to Hanoi’s need to modernize is the potential for conflict in the South China Sea, a geopolitically disputed territory that is both a critical maritime route for global trade and a region rich in resources, including oil, natural gas and fish stock. On Dec. 10, the South China Morning Post reported that Vietnam is actively building military facilities on several islands and reefs in the Spratly Islands — key territories in the South China Sea. "Vietnam's military strategy in the South China Sea can be summed up in one word: deterrence. Or more precisely, deterrence by denial," said Phuong, explaining that Vietnam’s decisions at the expo reflect an ambition to increase its coastal military capabilities. Another takeaway from the expo is Hanoi’s cooperation with the United States. Speaking at the expo, U.S. Ambassador to Vietnam Marc Napper said the United States' goal is to ensure that Vietnam "has everything it needs to defend its interests at sea, in the air, on the ground and in cyberspace.” Tran said this goal demonstrates that the U.S.-Vietnam defense cooperation is shifting from a single arms assistance model to a broader multilateral cooperation framework.
Scott Scheid , President and CEO, commented, "It continues to be a difficult time for the wine industry. Bulk wine prices remain depressed and the market for cased goods, which has been impacted by distributor and retailer destocking, continues to be challenging. As a company, we've made significant efforts to do more with less, highlighted by our second quarter results showing a decrease of 16% in sales and marketing expenses and a decrease of over 5% in G & A. These efforts are ongoing and I'm proud of our teams who work each day on finding opportunities for growth and ways to improve our business." Mr. Scheid continued, "We recently executed new forbearance agreements with our lenders extending through July 31, 2025 . The terms of these agreements include forbearing interest and principal payments on the Company's existing debt. In addition, under the agreement with our operating lender, the Company received an additional $5.0 million to strengthen our working capital base." Financial Results Total revenues decreased 6%, to $26.1 million for the six months ended August 31, 2024 , from $27.7 million in fiscal 2024. Cased goods sales decreased 6%, to $21.2 million in the first six months of fiscal 2025, from $22.5 million in fiscal 2024, as the bottled wine business across the entire market slowed in the first few months of calendar 2024. The Company's bulk wine sales decreased 14%, to $1.8 million from $2.1 million , and winery processing and storage revenues remained flat at $1.5 million . Gross margins remained at 20% for each period. Sales and marketing expenses decreased 16%, to $4.8 million , from $5.7 million , and general and administrative expenses decreased 5%, to $3.5 million , from $3.7 million , as the Company continues its cost-cutting efforts. During the first quarter of fiscal 2025, the Company recognized revenue of $3.6 million from proceeds received from the dissolution of a winery processing agreement. In addition, the Company recognized a gain from the sale of non-vineyard land in the amount of $1.7 million in the second quarter of fiscal 2025. Interest expense rose 150%, to $7.5 million , from $3.0 million , due to increases in interest rates as each of the Company's lenders are accruing interest at the default rate of an average of 14.3%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to $4.4 million , from a loss of $1.2 million , primarily from the sale of land and the proceeds from the contract dissolution. In total, the Company reported a net loss of $3.9 million for the six months ended August 31, 2024 , compared to a net loss of $4.8 million for the six months ended August 31, 2023 . About Scheid Family Wines Scheid Family Wines, a family-owned and operated wine company for over 50 years, is ranked among the top 25 largest wine producers in the United States . Based in Monterey County, California , Scheid is vertically integrated to bring high quality estate grown wines to the marketplace from its sustainably and organically certified vineyards and grower partners throughout the Central Coast. Scheid's innovative, luxury-level winery is 100% powered by renewable wind energy generated by a 400-foot-tall wind turbine, which also supplies energy to the local community. The Scheid Family Wines globally distributed brand portfolio includes Scheid Vineyards, Sunny with a Chance of Flowers, VDR (Very Dark Red), Grandeur (organically certified), Fog & Light, Metz Road, District 7, Ryder Estate, and HOXIE, a premium wine spritzer. Scheid Family Wines sells internationally to over 30 countries and is one of the largest producers of premium exclusive brands. Please visit www.scheidfamilywines.com and www.otcmarkets.com/stock/SVIN/quote for more information. View original content: https://www.prnewswire.com/news-releases/scheid-family-wines-reports-second-quarter-fiscal-2025-results-302316784.html SOURCE Scheid Family Wines
HAUPPAUGE, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. AMPG AMPGW)) (the "Company"), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced it has closed on its previously announced registered direct offering for the sale of 1,603,259 shares of common stock (or pre-funded warrants in lieu thereof) ("the Securities") at an offering price of $0.92 per share. The gross proceeds to the Company from the registered direct offering were approximately $1,475,000 before deducting the placement agent's fees and other offering expenses. Maxim Group LLC acted as the sole placement agent in connection with the offering. The Securities were offered pursuant to a shelf registration statement on Form S-3 (File No. 333-278657), which was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on April 24, 2024. The offering was made only by means of a prospectus supplement that forms a part of such registration statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the Securities offered in the registered direct offering was filed by the Company with the SEC. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500. About AmpliTech Group AmpliTech Group, Inc., comprising five divisions—AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets, including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation. Forward-Looking Statements All statements in this release that are not based on historical fact are "forward-looking statements" including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, statements regarding the Company, its business plan and strategy, and its industry. Such forward statements include, but are not limited to, that the booking of orders and anticipation of booking of orders, including LNB and 5G products and Fujitsu Spain, will lead to sales of products, These statements reflect management's current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the Company's actual results to differ materially from those contained in the forward-looking statements, including risks related to market conditions, and other risks described in the Company's filings with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. Contacts: Corporate Social Media Twitter: @AmpliTechAMPG Instagram: @AmpliTechAMPG Facebook: AmpliTechInc Linked In: AmpliTech Group Inc Investor Social Media Twitter: @AMPG_IR StockTwits: @AMPG_IR Company Contact: Jorge Flores Tel: 631-521-7831 Investors@amplitechgroup.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NoneGet cosy this Christmas with celeb-inspired matching family pyjamas from M&S to Boux Avenue
