Day: March 6, 2023

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LUV IMPORTANT DEADLINE: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Southwest Airlines Co. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – LUV

NEW YORK, March 06, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Southwest Airlines Co. (NYSE: LUV) between June 13, 2020 and December 31, 2022, both dates inclusive (the “Class Period”), of the important March 13, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Southwest Airlines securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Southwest Airlines class action, go to https://rosenlegal.com/submit-form/?case_id=10716 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 13, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) Southwest Airlines continuously downplayed or ignored the serious issues with the technology it used to schedule flights and crews, and how it stood to be affected worse than other airlines in the event of inclement weather; (2) Southwest Airlines did not discuss how it’s unique point-to-point service and aggressive flight schedule could leave it prone in the event of inclement weather; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Southwest Airlines class action, go to https://rosenlegal.com/submit-form/?case_id=10716 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8782466

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NRIA DEADLINE ALERT: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages National Realty Investment Advisors LLC Investors with Losses to Secure Counsel Before Important March 13 Deadline in Securities Class Action – NRIA

NEW YORK, March 06, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of National Realty Investment Advisors LLC membership units (NRIA) of the important March 13, 2023 lead plaintiff deadline in the securities class action.

The case is against Rey E. Grabato II, Daniel Coley O’Brien, Thomas Nicholas Salzano, Arthur Scutaro, Arthur Raymond Scutaro, Sr., Arthur Raymond Scutaro, Jr., Olena Budinska, Ivel Turner, Jeff Rosenberg, Mark Korczak, Byron Cartozian, and Brian Harrington (together, “Defendants”).

SO WHAT: If you purchased NRIA membership units you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the NRIA class action, go to https://rosenlegal.com/submit-form/?case_id=10974 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 13, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, National Realty Investment Advisors LLC offered and sold NRIA, a membership unit in the NRIA Fund. Defendants used NRIA and the NRIA Fund to carry out a fraudulent scheme, including making and disseminating material misrepresentations, and effectuating a Ponzi scheme to divert millions of dollars invested in the NRIA Fund for their own personal gain.

To join the NRIA class action, go to https://rosenlegal.com/submit-form/?case_id=10974 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8782442

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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages ESS Tech Inc. Investors with Losses to Secure Counsel Before Important March 13 Deadline in Securities Class Action Filed by the Firm – GWH

NEW YORK, March 06, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of ESS Tech Inc. (NYSE: GWH) between August 11, 2022 and December 7, 2022, both dates inclusive (the “Class Period”), of the important March 13, 2023 lead plaintiff deadline.

SO WHAT: If you purchased ESS Tech securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the ESS Tech class action, go to https://rosenlegal.com/submit-form/?case_id=10877 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 13, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) the purported agreement with Energy Storage Industries Asia Pacific (“ESI”) was in fact an undisclosed related party transaction because ESI was a de-facto subsidiary of ESS masquerading as third-party client; (2) ESS misled investors with their partnership announcement to signal business success to investors; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the ESS Tech class action, go to https://rosenlegal.com/submit-form/?case_id=10877 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8782436

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Winners Announced in 17th Annual Stevie® Awards for Sales & Customer Service

World’s Top Customer Service and Sales Awards Were Presented in Las Vegas

FAIRFAX, Va., March 06, 2023 (GLOBE NEWSWIRE) — Winners in the 17th annual Stevie® Awards for Sales & Customer Service, recognized as the world’s top customer service awards and sales awards, were unveiled on Friday night at a gala ceremony in Las Vegas, Nevada USA, attended by more than 400 executives from around the world.

The complete list of Stevie Winners by category is available at http://www.StevieAwards.com/Sales.

DP DHL, with 46 Gold, Silver, and Bronze Stevie Award wins, was the most honored organization this year, earning the top Grand Stevie Award trophy. This is the 11th year in a row in which the multinational package delivery and supply chain management company, headquartered in Bonn, Germany, has won a Grand Stevie in the program, and the ninth year of the 11 in which they placed first on the list of most honored organizations.

Other Grand Stevie Award winners, in descending order, include IBM, Sales Partnerships, Support Services Group, ValueSelling Associates, UPMC Health Plan, PowerSchool Group, GoHealth, TalkDesk and Michael Kors.

More than 2,300 nominations from organizations of all sizes and in virtually every industry were evaluated in this year’s competition. Finalists were determined by the average scores of more than 170 professionals worldwide in seven specialized judging committees. Entries were considered in more than 60 categories for customer service and contact center achievements, including Contact Center of the Year, Award for Innovation in Customer Service, and Customer Service Department of the Year; 60 categories for sales and business development achievements, ranging from Senior Sales Executive of the Year to Sales Training or Business Development Executive of the Year to Sales Department of the Year; and categories to recognize new products and services and solution providers, among others.

Sales Partnerships, Inc. won 12 Golds, the most in the competition. Other winners of two or more Gold Stevie Awards include: Alight Solutions, Blackhawk Network, ClearSource BPO, DP DHL, EFG Companies, Genpact, GoHealth, IBM, ICW Group, Janek Performance Group, JK Moving, LivePerson, MetTel, Michael Kors, MONAT Global Corp, Optima Tax Relief, LLC, Optum, Paradigm Marketing and Design, PREMIER Bankcard, Rapid Phone Center, Sales Partnerships, Inc., SAP, SoftPro, Splunk, Tata Consultancy Services, TELUS Smart Security & Automation, TIM Brasil, TransPerfect, Turkcell Iletisim Hizmetleri A.S., UPMC Health Plan, Perceptyx, Veeam, and WNS (Holdings) Limited.

Winners in one special category, the Sales Partnerships Ethics in Sales Award, were also announced on Friday. This award recognizes organizations for best practices and achievements in demonstrating the highest ethical standards in the sales industry. The Gold Stevie winner in this category is Greater Prairie Business Consulting. The Silver winner is Belkins, and the Bronze Stevie Winners are Cal Dental USA and Integrity Solutions.

The presentations were broadcast live via Livestream and are available to watch online.

Nominations for the 2024 edition of the Stevie Awards for Sales & Customer Service will be accepted starting this July.  The entry kit may be requested at http://www.StevieAwards.com/Sales.

The awards are presented by the Stevie Awards, which organizes eight of the world’s leading business award shows including the prestigious International Business Awards® and American Business Awards®.

About the Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards®, The International Business Awards®, the Middle East & North Africa Stevie Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.

Sponsors of the 17th annual Stevie Awards for Sales & Customer Service include Sales Partnerships, Inc., Support Service Group, and ValueSelling Associates, Inc.

Contact:

Nina Moore
(703) 547-8389
Nina@StevieAwards.com

GlobeNewswire Distribution ID 8781987

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Nestle Pakistan, Gilgit-Baltistan govt join hands for nutrition awareness, sustainability education

Islamabad, March 06, 2023 (PPI-OT): Nestle Pakistan and Government of Gilgit Baltistan have collaborated for promoting nutrition awareness and sustainability education in the province across Skardu, Hunza and Gilgit. The two-year partnership under the Nestle for Healthier Kids (N4HK) program will build capacity and raise awareness for nutrition education by training 200 teachers and reach out to 10,000 children in Gilgit-Baltistan.

N4HK is Nestle’s global nutritional awareness initiative which supports, teachers and caregivers on their journey to raise healthier kids through a curriculum-based education program promoting healthy nutrition, hydration, hygiene and active lifestyles.

Expressing satisfaction over the potential impact of the partnership, Mohyuddin Ahmad Wani, Chief Secretary Gilgit Baltistan said, “We are excited to collaborate with a global brand like Nestle that it is extending the reach of its N4HK initiative to teachers, caregivers and students in Skardu, Hunza and Gilgit. We are confident that the awareness imparted on nutrition will play a very important role in promoting healthy habits and a better nourished future generation.”

Talking about the initiative, Sheikh Waqar Ahmad, Head of Corporate Affairs and Sustainability, Nestle Pakistan said, “The N4HK program is part of our commitment to United Nations Sustainable Development Goal (SDG) 3 of Good Health and Well-Being, to ensure that children understand the value of nutrition as they grow older. So far, the program has reached about 320,000 children and 1,750 teachers, in Pakistan.”

Under the partnership, Nestle will organize workshops and seminars, distribute N4HK books to partner schools, arrange external nutritionist to train teachers and conduct necessary surveys and research for pre- and post- monitoring and evaluation of the project.

Pakistan has been reported to have one of the highest levels of prevalence of child malnutrition compared to other developing countries. According to National Nutrition Survey 2018, Pakistan is in the midst of a nutrition crisis with stunted growth being a major indicator. A focus on quality of diet and nutrition awareness is extremely essential to prevent stunting, wasting and other forms of malnutrition.

For more information, contact:
Corporate Media Relations Manager
Nestle Pakistan
308 Upper Mall, P. O. Box 874, Lahore, Pakistan
Tel: +92-42-35988119, +92-42-111-Nestle (637853)
Cell: +92-342-6662999
Email: aatekahahmad.mirkhan@PK.nestle.com
Website: www.nestle.pk

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18th My Karachi Exhibition concludes with presentation of Rs5 million cheque for earthquake affectees in Turkiye

Karachi, March 06, 2023 (PPI-OT): The 18th My Karachi – Oasis of Harmony International Exhibition concluded successfully here at the Expo Center with presentation of cheque worth Rs5 million to support the affectees of devastating earthquake in Turkiye, which was presented by the leadership of Businessmen Group and Karachi Chamber to Consul General of Turkiye Cemal Sangu at the Closing Ceremony of the exhibition.

Governor Sindh Mohammad Kamran Khan Tessori, Chairman Businessmen Group Zubair Motiwala, Vice Chairmen BMG Haroon Farooki and Jawed Bilwani, General Secretary BMG AQ Khalil, President KCCI Mohammed Tariq Yousuf, Senior Vice President Touseef Ahmed, Vice President Haris Agar, Chairman Special Committee for My Karachi Exhibition Muhammad Idrees, Senior Vice President FPCCI Suleman Chawla, Former President FPCCI Nasir Hayat Magoon and KCCI Managing Committee Members along with Consul Generals of Thailand, Indonesia, Sri Lanka, Turkiye and Presidents/ Representatives of Industrial Town Associations were also present on the occasion.

Speaking on the occasion, Governor Sindh Kamran Khan Tessori that despite extremely unfavourable conditions, it was really heartening to see immense participation of 300 exhibitors at My Karachi Exhibition including foreign participation from friendly countries including Turkiye, Indonesia, Sri Lanka, Thailand and Vietnam.

Referring to concerns expressed by Chairman BMG over numerous issues, he said that a clear direction has to be collectively identified in consultation with the business and industrial to resolve issues being suffered by the business community and the economy. “Our business and industrial community has the ability to arrive at the right destination but they have to be given shown the right direction leading to progress and prosperity.”

He was of the view that Pakistan was blessed with abundant resources and talent whereas everyone has been exhibiting complete determination so our country would be able to come out of crises and get back on the path to progress and prosperity. Appreciating KCCI’s support for the earthquake affectees of Turkiye, he said that it was highly encouraging that the business and industrial community of Karachi always takes lead by responding to natural calamities which not only strikes our country but any other country in any part of the world.

Turkish Consul General Cemal Sangu, while acknowledging KCCI’s contribution for minimizing the hardships being faced by Turkish people, said that millions of people inhabiting in eleven cities and thousands of small towns and villages in Turkiye were affected by the devastating earthquake. “We are very resilient and determined so with the help of your support, solidarity and prayers, we will overcome these difficult times”, he added.

Chairman BMG Zubair Motiwala, in his remarks, said, “Our hearts bleed with people of Turkiye who suffered a massive earthquake. Although the Pakistani government has established relief fund for the affectees of Turkiye and Syria while several other Pakistani organizations were also contributing generously to this noble cause, hence, we, the business community, also felt that it was our responsibility to participate in this noble cause so we are making a meager contribution to minimize the adversities of our brothers and sisters in Turkiye.”

Referring to economic crises being faced the country, he was fairly optimistic that Pakistan would certainly come out of the ongoing crises as the country has been through similar situation in 2008 and 2013 when the foreign reserves were down and Pakistan was facing severe economic challenges but all those challenges were efficiently tackled and Pakistan was able to touch new heights in terms of economic progress and prosperity.

He said that the presence of FPCCI and all Trade Association was a clear testimony that the entire business community of Karachi was on one page in dealing with numerous issues particularly the unnecessary liabilities being created including blocking the containers which exorbitantly raised demurrage/ detention charges and retrospectively raising gas tariff. “How can we afford such a high gas tariff being charged retrospectively for a period of one-and-a-half month”, he asked and requested the Governor to take up these matters by summoning a meeting at his Office as the cost of doing business and manufacturing has already gone up but these issues have further unnecessarily aggravated the cost of finished goods.

Commenting on My Karachi Exhibition, Zubair Motiwala said that around 300 exhibitors participated in this year’s My Karachi Exhibition in which the biggest foreign participation was from Sri Lanka, followed by Indonesia, Philippines, Thailand and Vietnam while some of the leading local manufacturers were also present at My Karachi Expo. “As compared to last year’s public turnover of more than 600,000, this year, around 4,50,000 visitors attended the exhibition due to erosion of buying power. The estimated sales of somewhere in between Rs400 to Rs500 million has been done by the exhibitors which still is a good number. The purpose is purely to facilitate the public and make shopping easier and affordable for them before Ramadan.”

While welcoming the distinguished guests, President KCCI Mohammed Tariq Yousuf pointed out that the exhibition, unfortunately, was unable to perform at full throttle due to ongoing severe economic crises and the inflation which discouraged many companies to set up stalls and also the public to carrying out their shopping. “I hope that next year when 19th My Karachi will be staged, the inflation would come down and the purchasing power of the public would also improve.”

He was of the opinion that the economic crises have worsened from bad to worst so everyone should think and understand that the way everything was happening; it was not in the interest of our country.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

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PACRA Maintains Stability Rating of Lakson Islamic Money Market Fund

Lahore, March 06, 2023 (PPI-OT): Lakson Islamic Money Market Fund (or the ‘Fund’) is a low-risk profile fund. The assigned rating rating reflects the Fund’s low credit risk profile emanating from the fund’s investment policy to invest in strong credit quality investment avenues with sound liquidity. The Fund remain compliant with the given criteria of investing at least 25% in triple AAA rated avenues. In Fact, the Fund had invested ~92.8% in cash majority in triple AAA rated bank, ~6.25% in corporate sukuks rated AA whereas ~1% in others, in the end Dec’22.

The duration and the WAM of the Fund stood at 2-days, limiting the exposure to interest rate and credit risk. The unit holding pattern of top 10 investors concentration of the Fund stood at 94% at the end Dec’22. Going forward, the Fund strategy represents high liquidity and low risk profile, which bodes well to the rating. this would remain imperative to the rating. Any breach of investment policy is considered negative.

For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com

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Nyxoah Announces Achievement of Key Clinical and Regulatory Milestones

INSIDE INFORMATION
REGULATED INFORMATION

Nyxoah Announces Achievement of Key Clinical and Regulatory Milestones
All 115 patients implanted in DREAM U.S. pivotal study
First DREAM PMA module submitted
First patient implanted in ACCCESS U.S. pivotal study

Mont-Saint-Guibert, Belgium – March 6, 2023, 7:30am CET / 1:30am ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company has completed all 115 implants in its DREAM U.S. pivotal study, submitted the first module in the modular PMA submission and implanted the first patient in the ACCCESS U.S. pivotal study.

The DREAM study is a pivotal, investigational device exemption (IDE) trial designed to support the marketing authorization of the Genio® hypoglossal nerve stimulation system (HGNS) in the United States. This multicenter, prospective, open-label, observational study enrolled 115 patients and has co-primary efficacy endpoints of the Apnea-Hypopnea Index (AHI) responder rate, per the Sher criteria, and the Oxygen Desaturation Index (ODI) responder rate, both at 12 months.

In the ACCCESS trial, Nyxoah will implant 106 complete concentric collapse (CCC) patients with co-primary efficacy endpoints of Apnea-Hypopnea Index (AHI) responder rate, per the Sher criteria, and Oxygen Desaturation Index (ODI) responder rate, both assessed at 12 months post-implant.

“The achievement of these key clinical and regulatory milestones brings us closer to offering our patient centric Genio solution to all OSA patients in the U.S. The DREAM and ACCCESS studies demonstrate Nyxoah’s mission of providing Genio to patients regardless of CCC status and without the requirement for a CCC diagnosis,” commented Olivier Taelman, Nyxoah’s Chief Executive Officer.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward-looking statements 
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio® system; future financial performance and market position; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; and the Company’s results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2021, filed with the Securities and Exchange Commission (“SEC”) on March 24, 2022, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:
David DeMartino
Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

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