Varun Dhawan and Natasha Dalal got married at a strictly private wedding in Alibaug on Sunday evening.
Varun Dhawan and Natasha Dalal got married at a strictly private wedding in Alibaug on Sunday evening.
Dusseldorf [Germany], March 2 (ANI): The Indian women's hockey team impressed in defence but couldn't stop Germany from winning their third consecutive game in the four-match series here in Dusseldorf on Tuesday.
Former India and Karnataka seamer Vinay Kumar recently embarked on a new chapter in his life as he called it quits from a near two-decade-old cricket career. Kumar may not have represented India in just 31 ODIs, 1 Test, and 9 T20Is but given the way his career panned out in domestic cricket where he claimed as many as 504 FC wickets in 139 games for Karnataka- the most by any seamer in the history of Ranji Trophy- he is very much satisfied with what he went on to achieve during his career. “I am really happy with the way The post I Am Really Happy With The Way My Career Shaped Up: Vinay Kumar appeared first on CricketAddictor.
Luanda [Angola] March 2 (ANI): A consignment of Indian-made vaccines has been delivered to Angola on Tuesday under the 'Vaccine Maitri' initiative, said External Affairs Minister S Jaishankar.
<p>Gairsain, Mar 2 (PTI) Congress MLAs on Tuesday staged a walkout from the Uttarakhand assembly and sat on a dharna outside its gate demanding an apology from the state government over the lathicharge on protesters in Ghat block demanding widening of a road.</p>
This month also sees England in World Cup qualifying action against San Marino, Albania and Poland.
Strategic partnership integrates Telos Ghost and Johnson Controls OpenBlue Cloudvue Gateway to enhance security and privacy for customers Virtual obfuscation network integrates into cloud-based repository and video analytics platform ASHBURN, Va. and CORK, Ireland, March 02, 2021 (GLOBE NEWSWIRE) -- Telos® Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, and Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable building, today announced the integration of the Telos Ghost® virtual obfuscation network into Johnson Controls OpenBlue Cloudvue Gateway. “We’re excited to partner with Telos to enhance our security and protect the privacy of our customers,” said Martin Renkis, vice president, OpenBlue Security and Innovation at Johnson Controls. “Integrating Telos Ghost into our OpenBlue Cloudvue Gateway will enable us to offer a strongly differentiated product in the market.” The OpenBlue Cloudvue Gateway allows multiple cameras to connect to the OpenBlue Cloudvue cloud-based repository and video analytics platform, which supports a worldwide, cloud-based video network used for surveillance and physical security. By embedding Telos Ghost into the product, Johnson Controls is able to hide the camera source location and the destination information repositories in its network. In addition to the product integration, Johnson Controls and Telos have formed a partnership to jointly market and sell the combined solution to various markets including education, military bases, healthcare and other campus environments. “This integration is a true testament to the many applications and tremendous value provided by Telos Ghost,” said John B. Wood, CEO and chairman, Telos. “Our partnership with Johnson Controls will serve as the perfect stepping stone into the IoT market, and I’m excited for the countless possibilities on our horizon.” In January 2018, Telos launched the cloud-based Telos Ghost network to provide security and privacy through obfuscation and encryption. The platform operates under the philosophy that you can’t exploit what you can’t see, enabling organizations to work securely over the internet without giving away their identity or their presence. For more information on the various applications of Telos Ghost, visit: www.telos.com/telosghost. About Telos CorporationTelos Corporation (NASDAQ: TLS) empowers and protects the world’s most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos’ offerings include cybersecurity solutions for IT risk management and information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions to ensure that personnel can work and collaborate securely and productively. The company serves military, intelligence and civilian agencies of the federal government, allied nations and commercial organizations around the world. About Johnson ControlsAt Johnson Controls, we transform the environments where people live, work, learn and play. From optimizing building performance to improving safety and enhancing comfort, we drive the outcomes that matter most. We deliver our promise in industries such as healthcare, education, data centers and manufacturing. With a global team of 100,000 experts in more than 150 countries and over 130 years of innovation, we are the power behind our customers' mission. Our leading portfolio of building technology and solutions includes some of the most trusted names in the industry, such as Tyco®, YORK®, Metasys®, Ruskin®, Titus®, Frick®, Penn®, Sabroe®, Simplex®, Ansul® and Grinnell®. Media:Mia WilcoxMerritt Group on behalf of Telos CorporationEmail: firstname.lastname@example.orgPhone: (610) 564-6773 Ryan NolanJohnson ControlsEmail: email@example.comPhone: (414) 378-9641 Investors:Brinlea JohnsonThe Blueshirt Group on behalf of Telos Corporationbrinlea@blueshirtgroup.com
Silver Spring, MD, March 02, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire) BTCS, Inc. (OTCQB: BTCS) ("BTCS", "BTCS" or "the Company"), a digital asset and blockchain technology focused company, today announced that it has entered into a definitive agreement with institutional investors for the purchase and sale of 9,500,000 shares of its common stock and common stock warrants to purchase up to 7,125,000 shares of common stock at a combined purchase price of $1.00 per share in a registered direct offering. The common stock warrants will be immediately exercisable, have an exercise price of $1.15 per share and will expire five years from the date of issuance. The closing of the offering is expected to occur on or about March 4, 2021, subject to the satisfaction of customary closing conditions. The gross proceeds of the offering will be approximately $9.5 million before deducting placement agent fees and other offering expenses. A.G.P./Alliance Global Partners is acting as sole placement agent for the offering. This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-252509) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective on February 16, 2021. A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at firstname.lastname@example.org. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About BTCS: BTCS is an early entrant in the digital asset market and one of the first U.S. publicly traded companies focused on digital assets and blockchain technologies. The Company through its transaction verification services business actively verifies and validates blockchain transactions and is rewarded with digital assets for its work. The Company is also developing a proprietary digital asset data analytics platform that allows users to consolidate their crypto trades from multiple exchanges onto a single platform, enabling users to view and analyze their performance, risk metrics, and potential tax implications. The Company employs a digital asset treasury strategy with a primary focus on disruptive non-security protocol layer assets such as bitcoin and ethereum. For more information visit: www.btcs.com Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the timing of the closing. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions, and other important factors, such as market and other conditions, many of which are outside management’s control. Important factors that could cause actual results to differ from those in the forward looking statements are identified and discussed in the Company’s filings with the SEC, including the Annual Report on Form 10-K for the year ended December 31, 2020 and the registration statement on Form S-3 filed on January 28, 2021. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Additional factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Contact: Dave Gentry RedChip Companies, Inc. (407) 491-4498 email@example.com
Foreign Office minister James Cleverly repeatedly pressed for commitment by Tory MPs
<p>New Delhi, Mar 2 (PTI) The national capital recorded a minimum temperature of 15.3 degrees Celsius on Tuesday, two notches above the season's average, the India Meteorological Department said.</p>
US should consider ban on Boohoo clothing, says charityFashion seller has faced allegations of poor working practices in its UK supply chain Boohoo, which owns the Pretty Little Thing, NastyGal, Warehouse, Karen Millen and Oasis labels, recently also bought the Debenhams brand. Photograph: Bloomberg/Getty Images
Tax rises and an extension of Covid support are both tipped to be announced in this week’s Budget.
INDIANAPOLIS, Ind., March 02, 2021 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that the Company has been awarded the Jayhawk Wind Farm contract valued at approximately $70 million. Apex Clean Energy, which develops, constructs, and operates utility-scale wind and solar power facilities across North America, awarded this project to IEA Constructors, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects. The award is for the construction of a utility-scale wind farm in Bourbon and Crawford counties in Southeast Kansas with capacity to inject 190 megawatts (MW) of electricity into the regional grid. Work on the Jayhawk Wind Farm began in February and is expected to be completed in late 2021. Apex will manage construction of the project, and IEA will self-perform all of the engineering, procurement and construction needs of the project, including the construction of project roads, the improvement of existing public roads near the construction site, the installation of collection systems, foundations and substations and the erection of 70 GE wind turbine generators. Kansas is an ideal place for wind construction. According to the American Clean Power Association, the state ranks fifth in the nation for wind power capacity and second for wind energy as a share of total electricity generation, with over 6,500 MW of operating capacity today and 43% of electricity from wind power. “Wind energy is an essential part of Kansas’ electricity generation, and IEA is excited to partner with Apex Clean Energy to continue the state’s transition to a carbon-neutral footprint,” said Chris Hanson, IEA’s Executive Vice President of Renewable Energy. “The project site for the Jayhawk Wind Farm is ideal. With high-voltage power lines already in place and accessible highways that will reduce the project’s need for new infrastructure, IEA will be able to minimize the construction’s environmental impact. In addition to contributing to the state’s goal of carbon neutrality, we are pleased to be able to bring continued employment to the state of Kansas and support local merchants, equipment suppliers and more by reducing their need to import clean electricity from other states.” “We are thrilled to partner with industry leader IEA to make Jayhawk Wind — Apex’s second project in Kansas — a reality,” said Ken Young, Chief Operating Officer of Apex Clean Energy. “During construction, the Jayhawk Wind project will generate significant local spending and create hundreds of local jobs. We look forward to creating, with IEA, an entirely new source of long-term revenue for the Sunflower State and Bourbon and Crawford counties for decades to come.” To date, IEA has constructed more than 20 gigawatts of renewable energy projects across North America. IEA was ranked #2 for wind construction amongst Engineering News-Record’s 2020 Top 400 Contractors. For more information on IEA’s ENR rankings please visit enr.com. About IEA Infrastructure and Energy Alternatives, Inc. is a leading infrastructure construction company with renewable energy and specialty civil expertise. Headquartered in Indianapolis, Indiana, with operations throughout the country, IEA’s service offering spans the entire construction process. The Company offers a full spectrum of delivery models including full engineering, procurement, and construction, turnkey, design-build, balance of plant, and subcontracting services. IEA is one of the larger providers in the renewable energy industry and has completed more than 240 utility scale wind and solar projects across North America. In the heavy-civil space, IEA offers a number of specialty services including environmental remediation, industrial maintenance, specialty transportation infrastructure and other site development for public and private projects. For more information, please visit IEA’s website at www.iea.net or follow IEA on Facebook, LinkedIn and Twitter for the latest company news and events. About Apex Clean Energy Apex Clean Energy develops, constructs, and operates utility-scale wind and solar power facilities across North America. Our mission-driven team of more than 200 renewable energy experts uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information on how Apex is leading the transition to a clean energy future, visit apexcleanenergy.com or follow us on Facebook, Twitter, and LinkedIn. Forward Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as “anticipate,” “expect,” “could,” “may,” “intend,” “plan” and “believe,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available operating, financial, economic and other information, and are subject to a number of risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. A variety of factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in the forward-looking statements in this release. For a full description of the risks and uncertainties which could cause actual results to differ from our forward-looking statements, please refer to IEA’s periodic filings with the Securities & Exchange Commission including those described as “Risk Factors” in IEA’s annual report on Form 10-K filed on March 12, 2020 and in the quarterly reports on Form 10-Q filed thereafter. IEA does not undertake any obligation to update forward-looking statements whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Contact: Kimberly EsterkinADDO Investor Relationsiea@addoir.com310-829-5400
Expands Capabilities to Offer Complete System of Engineered Solutions to Combined Customer Base ROCHESTER, N.Y., March 02, 2021 (GLOBE NEWSWIRE) -- Arnold Magnetic Technologies Corporation (“Arnold”), a subsidiary of Compass Diversified (NYSE: CODI) and leading global manufacturer of high-performance magnets, magnetic assemblies, precision thin metals and highly loaded composites today announced that it has acquired Ramco Electric Motors, Inc. (“Ramco”), manufacturer of stators, rotors, and full electric motors. Financial terms of the transaction were not disclosed. This transaction further advances Arnold’s strategic priorities to deliver new materials and engineered solutions that empower customers to develop next generation technologies. By acquiring Ramco, Arnold expands an already diverse product offering with industry leading electric motor solutions capabilities. In addition, Ramco brings deep relationships with a number of strategic customers that utilize its capabilities in applications across various markets including industrial, military and aerospace. “Over the past 125 years, Arnold has successfully evolved and adapted its technologies and manufacturing presence to provide world-class quality products and service to our customers,” said Dan Miller, President & CEO of Arnold. “By augmenting our technical know-how and engineering capabilities with Ramco’s complementary product portfolio, we will move up the technology ladder and be able to offer more comprehensive, turnkey solutions to our customers. We have a clear line of sight to future growth opportunities through partnering with Ramco’s talented team.” “Arnold shares our deep commitment to technological innovation and we believe that together, we can best support our combined customer base,” said Dan Seger, President of Ramco. “As part of Arnold, Ramco will have the opportunity to expand its reach, and our employees and customers will benefit from Arnold’s increased scale, commitment to growth and expertise.” “With the acquisition of an industry leader like Ramco, Arnold is continuing to execute its strategy to become a leading technology-based, engineering solutions company,” said Elias Sabo, Chief Executive Officer of CODI. “Arnold and Ramco are naturally complementary businesses and, together, are more competitive in the marketplace – offering significant opportunity to gain market share and acquire new customers. We look forward to partnering with the Arnold and Ramco teams to integrate their capabilities and realize the full benefits of this transaction, and we remain confident in the future of Arnold’s business.” Ramco will continue to operate under its brand name as a division of Arnold and its operations will remain in Greenville, OH. About Arnold Based in Rochester, NY with an operating history of more than 125 years, Arnold is a leading global manufacturer of engineered solutions for a wide range of specialty applications and end-markets, including aerospace and defense, general industrial, motorsport, oil and gas, medical, and energy. From its Technology Center and manufacturing facilities located in the United States, the United Kingdom, Switzerland and China, the company produces engineered magnetic assemblies in addition to high performance permanent magnets, precision foil products and highly loaded composites that are mission critical in motors, generators, sensors and other systems and components. Based on its long-term relationships, the company has built a diverse and blue-chip customer base totaling more than 2,000 clients worldwide. About Ramco Ramco is a AS9100 Certified Company for the manufacturer of stators, rotors and full electric motors. Ramco was founded in 1987 and is based in Greenville, OH. Ramco supplies their custom electric motor solutions for general industrial, aerospace and defense, and oil and gas end-markets. About Compass Diversified (“CODI”) CODI owns and manages a diverse set of highly defensible North American middle market businesses. Each of its current subsidiaries is a leader in its niche market. For more information, visit compassdiversified.com. Leveraging its permanent capital base, long-term disciplined approach and actionable expertise, CODI maintains controlling ownership interests in each of its subsidiaries, maximizing its ability to impact long-term cash flow generation and value creation. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and has consistently generated strong returns through its culture of transparency, alignment and accountability. Our ten majority-owned subsidiaries are engaged in the following lines of business: The design and marketing of purpose-built technical apparel and gear serving a wide range of global customers (5.11);The manufacture of quick-turn, small-run and production rigid printed circuit boards (Advanced Circuits);The design and manufacture of custom packaging, insulation and componentry (Altor Solutions);The manufacture of engineered magnetic solutions for a wide range of specialty applications and end-markets (Arnold Magnetic Technologies);The design and marketing of dial-based closure systems that deliver performance fit across footwear, headwear and medical bracing products (BOA Technology);The design and marketing of wearable baby carriers, strollers and related products (Ergobaby);The design and manufacture of premium home and gun safes (Liberty Safe);The design and manufacture of baseball and softball equipment and apparel (Marucci Sports);The manufacture and marketing of portable food warming systems used in the foodservice industry, creative indoor and outdoor lighting, and home fragrance solutions for the consumer markets (Sterno); andThe design, manufacture and marketing of airguns, archery products, optics and related accessories (Velocity Outdoor). Media Contact Joele Frank, Wilkinson Brimmer Katcher Kate Thompson / Lyle Weston 212-355-4449
HANOVER, MD, March 02, 2021 (GLOBE NEWSWIRE) -- Processa Pharmaceuticals, Inc. (Nasdaq: PCSA) is pleased to announce it has closed its previously announced private placement to institutional and accredited investors of $10.2 million. The Company sold 1,321,132 shares of the common stock at a purchase price of $7.75 per share for $10.2 million in the private placement. The Company received net proceeds of $9.9 million. The funding raised in this financing will enable Processa to be funded through 2023 and either expand the clinical development of PCS6422 or conduct the IND enabling toxicology studies to advance PCS11T to IND. David Young, Pharm.D., Ph.D., Chairman and CEO said, “We are grateful for the support from our investors. This financing will not only strengthen our balance sheet but will allow us to further develop one of our cancer treatment drugs, PCS6422 or PCS11T. We anticipate that these two drugs will prove to be better than many of the present treatments in patients with colorectal cancer, breast cancer, pancreatic cancer or lung cancer.” Tribal Capital Markets, LLC acted as sole placement agent for the offering. Allele Capital Partners, LLC through Tribal Capital Markets, LLC was responsible for sourcing and executing the offering. The private placement is complete and was made pursuant to the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D as promulgated by the United States Securities and Exchange Commission (SEC) and the securities sold in the private placement may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC covering the resale of the common shares as well as the common shares issuable upon exercise of the warrants issued in the private placement. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Processa Pharmaceuticals, Inc. The mission of Processa is to develop products with existing clinical evidence of efficacy for patients with unmet or underserved medical conditions who need treatment options that improve survival and/or quality of life. The Company uses these criteria for selection to further develop its pipeline programs to achieve high-value milestones effectively and efficiently. Active pipeline programs include: PCS6422 (metastatic colorectal cancer and breast cancer), PCS499 (ulcerative necrobiosis lipoidica) and PCS12852 (GI motility/gastroparesis). The members of the Processa development team have been involved with more than 30 drug approvals by the FDA (including drug products targeted to orphan disease conditions) and more than 100 FDA meetings throughout their careers. For more information, visit the company’s website at www.ProcessaPharma.com. Forward-Looking Statements This release contains forward-looking statements. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Please refer to the registration statement relating to the securities being sold in this offering, which identifies important risk factors which could cause actual results to differ from those contained in the forward-looking statements. # # # For More Information: Michael Floyd firstname.lastname@example.org(301) 651-4256 James Carbonara Hayden IR (646) 755-7412 email@example.com
$27 Million Year-over-Year Improvement in Pretax IncomeFirst Quarter Gross Margin Percentage Increased 440 Basis Points Year-over-Year85% Year-over-Year Increase in Consolidated Backlog Dollars to $1.67 Billion51% Year-over-Year Increase in Land and Land Development Spend MATAWAN, N.J., March 02, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2021. RESULTS FOR THE FIRST QUARTER ENDED JANUARY 31, 2021: Total revenues increased 16.3% to $574.7 million in the first quarter of fiscal 2021, compared with $494.1 million in the same quarter of the prior year.Homebuilding gross margin percentage, after cost of sales interest expense and land charges, increased 440 basis points to 17.3% for the three months ended January 31, 2021 compared with 12.9% during the same period a year ago.Homebuilding gross margin percentage, before cost of sales interest expense and land charges, increased 340 basis points to 20.7% during the fiscal 2021 first quarter compared with 17.3% in last year’s first quarter.Total SG&A was $63.7 million, or 11.1% of total revenues, in the fiscal 2021 first quarter compared with $60.4 million, or 12.2% of total revenues, in the previous year’s first quarter.Total interest expense was $41.1 million for the first quarter of fiscal 2021 compared with $43.1 million during the first quarter of fiscal 2020.Income from unconsolidated joint ventures was $1.9 million for the first quarter ended January 31, 2021 compared with $1.5 million in the fiscal 2020 first quarter.Income before income taxes for the first quarter of fiscal 2021 was $19.6 million compared with a loss of $7.4 million in the first quarter of the prior fiscal year.Adjusted pretax income, which is income before income taxes excluding land-related charges and gain on extinguishment of debt, was $21.5 million in the first quarter of fiscal 2021 compared with a loss before these items of $14.1 million in the fiscal 2020 first quarter.Net income was $19.0 million, or $2.75 per diluted common share, for the three months ended January 31, 2021 compared with a net loss of $9.1 million, or $1.49 per common share, in the first quarter of the previous fiscal year.EBITDA increased 67.8% to $62.1 million for the first quarter of fiscal 2021 compared with $37.0 million in the same quarter of the prior year.For the first quarter of fiscal 2021, Adjusted EBITDA increased 110.6% to $63.9 million compared with $30.4 million in the first quarter of fiscal 2020.Financial services income before income taxes was $9.1 million for the first quarter of fiscal 2021, up 105.0% compared with $4.5 million in the first quarter of fiscal 2020.Consolidated contracts per community increased 74.2% to 16.9 contracts per community for the first quarter ended January 31, 2021 compared with 9.7 contracts per community in last year’s first quarter. Contracts per community, including domestic unconsolidated joint ventures(1), increased 69.9% to 15.8 for the first quarter of fiscal 2021 compared with 9.3 for the first quarter of fiscal 2020.The number of consolidated contracts increased 34.5% to 1,778 homes during the fiscal 2021 first quarter, compared with 1,322 homes in last year’s first quarter. The number of contracts, including domestic unconsolidated joint ventures, for the three months ended January 31, 2021 increased 31.5% to 1,962 homes from 1,492 homes during the same quarter a year ago.As of the end of the first quarter of fiscal 2021, community count, including domestic unconsolidated joint ventures, was 124 communities, compared with 160 communities at January 31, 2020. Consolidated community count was 105 as of January 31, 2021, compared with 136 communities at the end of the previous year’s first quarter. The decline was primarily a result of selling out of communities at a faster than anticipated pace and delayed community openings.Despite 1,385 first quarter consolidated deliveries, consolidated lots controlled increased by 733 lots sequentially to 26,782 at January 31, 2021 from 26,049 lots at October 31, 2020, which illustrated our ability to control more lots than we delivered.Plan to reactivate approximately half of the lots representing multiple products in a large 1,400 home masterplan community in Northern California.During February 2021, we raised home prices more aggressively to further increase margins and attempt to slow down our sales pace. After experiencing a 100.0% year-over-year increase in contracts per community in the month of January 2021, the contracts per community for February 2021 only increased 27.1% to 6.1 compared with 4.8 for the same month one year ago.The dollar value of February 2021 consolidated contracts increased 8.6% to $283.0 million compared with $260.7 million in February last year; however, the number of consolidated contracts declined to 613 homes compared to 647 homes in February 2020. The dollar value of consolidated contract backlog, as of January 31, 2021, increased 85.2% to $1.67 billion compared with $899.6 million as of January 31, 2020. The dollar value of contract backlog, including domestic unconsolidated joint ventures, as of January 31, 2021, increased 70.3% to $1.88 billion compared with $1.10 billion as of January 31, 2020.Consolidated deliveries increased 12.1% to 1,385 homes in the fiscal 2021 first quarter compared with 1,236 homes in the previous year’s first quarter. For the fiscal 2021 first quarter, deliveries, including domestic unconsolidated joint ventures, increased 8.6% to 1,504 homes compared with 1,385 homes during the first quarter of fiscal 2020.The contract cancellation rate for consolidated contracts was 17% for the first quarter ended January 31, 2021 compared with 19% in the fiscal 2020 first quarter. The contract cancellation rate for contracts including domestic unconsolidated joint ventures was 16% for the first quarter of fiscal 2021 compared with 19% in the first quarter of the prior year. (1)When we refer to “Domestic Unconsolidated Joint Ventures”, we are excluding results from our single community unconsolidated joint venture in the Kingdom of Saudi Arabia (KSA). LIQUIDITY AND INVENTORY AS OF JANUARY 31, 2021: During the first quarter of fiscal 2021, land and land development spending was $178.6 million, an increase compared with $117.9 million in last year’s first quarter.Total liquidity at the end of the first quarter of fiscal 2021 was $306.4 million, above our targeted liquidity range of $170 million to $245 million.Delivered 1,385 homes, but contracted to buy 2,140 new lots, net of walk aways, during the first quarter of fiscal 2021.As of January 31, 2021, consolidated lots controlled totaled 26,782, which, based on trailing twelve-month deliveries, equaled a 4.6 years’ supply. FINANCIAL GUIDANCE(2): Assuming no changes in current market conditions, for the second quarter of fiscal 2021, total revenues are expected to be between $700 million and $750 million; adjusted pretax income is expected to be between $30 million and $45 million and adjusted EBITDA is expected to be between $75 million and $90 million.Assuming no changes in current market conditions, for all of fiscal 2021, total revenues are expected to be between $2.65 billion and $2.80 billion; adjusted pretax income is expected to be between $140 million and $160 million and adjusted EBITDA is expected to be between $300 million and $340 million. (2)The Company cannot provide a reconciliation between its non-GAAP projections and the most directly comparable GAAP measures without unreasonable efforts because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items required for the reconciliation. These items include, but are not limited to, land-related charges, inventory impairment loss and land option write-offs and loss (gain) on extinguishment of debt. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results. COMMENTS FROM MANAGEMENT: “We are pleased with our fiscal 2021 first quarter results, as they exceeded the guidance we provided on our last conference call for gross margin percentage, total SG&A ratio, adjusted EBITDA and adjusted pretax income,” stated Ara K. Hovnanian, Chairman of the Board, President and Chief Executive Officer. “Contracts per community this quarter increased 74%, clearly indicating that demand for our homes remains very strong. We plan to continue to increase home prices in order to stay ahead of rising costs, maximize our profits and to better align our sales pace with our production capacity.” “Our 85% increase in backlog dollars to $1.67 billion at the end of the first quarter sets us on solid footing to achieve dramatic year over year improvements in our fiscal 2021 financial performance. We ended the quarter with $306 million of liquidity, which provides us with ample capital to control land for future communities. We have made great progress in our land position, and virtually all the land we need to meet our projected deliveries in fiscal 2021 and 2022 is already under contract. Today, our land acquisition teams are primarily focused on obtaining control of land for home deliveries in fiscal 2023 and beyond,” said Mr. Hovnanian. “We remain committed to further strengthening our balance sheet. In July 2021, one year prior to maturity, we currently plan to pay off in full the $111 million of our 10.0% senior secured notes due July 2022. Additionally, we also presently intend to pay off the remaining balance of $70 million of our 10.5% senior secured notes due July 2024 in advance of their maturity. The combination of our expected improved financial performance this year and the potential DTA valuation allowance reversal is expected to meaningfully increase our year end book value per share. Those increases to book value combined with executing on our debt reduction strategy this year would significantly improve our balance sheet,” stated J. Larry Sorsby, Executive Vice President and Chief Financial Officer. WEBCAST INFORMATION: Hovnanian Enterprises will webcast its fiscal 2021 first quarter financial results conference call at 11:00 a.m. E.T. on Tuesday, March 2, 2021. The webcast can be accessed live through the “Investor Relations” section of Hovnanian Enterprises’ website at http://www.khov.com. For those who are not available to listen to the live webcast, an archive of the broadcast will be available under the “Past Events” section of the Investor Relations page on the Hovnanian website at http://www.khov.com. The archive will be available for 12 months. ABOUT HOVNANIAN ENTERPRISES, INC.: Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade name K. Hovnanian® Homes. Additionally, the Company’s subsidiaries, as developers of K. Hovnanian’s® Four Seasons communities, make the Company one of the nation’s largest builders of active lifestyle communities. Additional information on Hovnanian Enterprises, Inc. can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e-mail list, please send an e-mail to IR@khov.com or sign up at http://www.khov.com. NON-GAAP FINANCIAL MEASURES: Consolidated earnings before interest expense and income taxes (“EBIT”) and before depreciation and amortization (“EBITDA”) and before inventory impairment loss and land option write-offs and gain on extinguishment of debt (“Adjusted EBITDA”) are not U.S. generally accepted accounting principles (GAAP) financial measures. The most directly comparable GAAP financial measure is net income (loss). The reconciliation for historical periods of EBIT, EBITDA and Adjusted EBITDA to net income (loss) is presented in a table attached to this earnings release. Homebuilding gross margin, before cost of sales interest expense and land charges, and homebuilding gross margin percentage, before cost of sales interest expense and land charges, are non-GAAP financial measures. The most directly comparable GAAP financial measures are homebuilding gross margin and homebuilding gross margin percentage, respectively. The reconciliation for historical periods of homebuilding gross margin, before cost of sales interest expense and land charges, and homebuilding gross margin percentage, before cost of sales interest expense and land charges, to homebuilding gross margin and homebuilding gross margin percentage, respectively, is presented in a table attached to this earnings release. Adjusted pretax income, which is defined as income before income taxes excluding land-related charges and gain on extinguishment of debt is a non-GAAP financial measure. The most directly comparable GAAP financial measure is income (loss) before income taxes. The reconciliation for historical periods of adjusted pretax income to income (loss) before income taxes is presented in a table attached to this earnings release. Total liquidity is comprised of $172.1 million of cash and cash equivalents, $9.3 million of restricted cash required to collateralize letters of credit and $125.0 million availability under the senior secured revolving credit facility as of January 31, 2021. FORWARD-LOOKING STATEMENTS All statements in this press release that are not historical facts should be considered as “Forward-Looking Statements” within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such forward-looking statements include but are not limited to statements related to the Company’s goals and expectations with respect to its financial results for future financial periods. Although we believe that our plans, intentions and expectations reflected in, or suggested by, such forward-looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. By their nature, forward-looking statements: (i) speak only as of the date they are made, (ii) are not guarantees of future performance or results and (iii) are subject to risks, uncertainties and assumptions that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from those forward-looking statements as a result of a variety of factors. Such risks, uncertainties and other factors include, but are not limited to, (1) the outbreak and spread of COVID-19 and the measures that governments, agencies, law enforcement and/or health authorities implement to address it; (2) changes in general and local economic, industry and business conditions and impacts of a significant homebuilding downturn; (3) adverse weather and other environmental conditions and natural disasters; (4) the seasonality of the Company’s business; (5) the availability and cost of suitable land and improved lots and sufficient liquidity to invest in such land and lots; (6) shortages in, and price fluctuations of, raw materials and labor, including due to changes in trade policies and the imposition of tariffs and duties on homebuilding materials and products and related trade disputes with, and retaliatory measures taken by, other countries; (7) reliance on, and the performance of, subcontractors; (8) regional and local economic factors, including dependency on certain sectors of the economy, and employment levels affecting home prices and sales activity in the markets where the Company builds homes; (9) increases in cancellations of agreements of sale; (10) fluctuations in interest rates and the availability of mortgage financing; (11) changes in tax laws affecting the after-tax costs of owning a home; (12) legal claims brought against us and not resolved in our favor, such as product liability litigation, warranty claims and claims made by mortgage investors; (13) levels of competition; (14) utility shortages and outages or rate fluctuations; (15) information technology failures and data security breaches; (16) negative publicity; (17) high leverage and restrictions on the Company’s operations and activities imposed by the agreements governing the Company’s outstanding indebtedness; (18) availability and terms of financing to the Company; (19) the Company’s sources of liquidity; (20) changes in credit ratings; (21) government regulation, including regulations concerning development of land, the home building, sales and customer financing processes, tax laws and the environment; (22) operations through unconsolidated joint ventures with third parties; (23) significant influence of the Company’s controlling stockholders; (24) availability of net operating loss carryforwards; (25) loss of key management personnel or failure to attract qualified personnel; and (26) certain risks, uncertainties and other factors described in detail in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2020 and the Company’s Quarterly Reports on Form 10-Q for the quarterly periods during fiscal 2021 and subsequent filings with the Securities and Exchange Commission. Except as otherwise required by applicable securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason. Hovnanian Enterprises, Inc.January 31, 2021Statements of consolidated operations(In thousands, except per share data) Three Months Ended January 31, 2021 2020 (Unaudited)Total revenues$574,664 $494,056 Costs and expenses (1) 556,995 512,488 Gain on extinguishment of debt - 9,456 Income from unconsolidated joint ventures 1,916 1,540 Income (loss) before income taxes 19,585 (7,436)Income tax provision 626 1,712 Net income (loss)$18,959 $(9,148) Per share data: Basic: Net income (loss) per common share$2.79 $(1.49) Weighted average number of common shares outstanding (2) 6,225 6,161 Assuming dilution: Net income (loss) per common share$2.75 $(1.49) Weighted average number of common shares outstanding (2) 6,303 6,161 (1) Includes inventory impairment loss and land option write-offs. (2) For periods with a net (loss), basic shares are used in accordance with GAAP rules. Hovnanian Enterprises, Inc.January 31, 2021Reconciliation of income (loss) before income taxes excluding land-related charges and gain on extinguishment of debt to income (loss) before income taxes(In thousands) Three Months Ended January 31, 2021 2020 (Unaudited)Income (loss) before income taxes$19,585 $(7,436)Inventory impairment loss and land option write-offs 1,877 2,828 Gain on extinguishment of debt - (9,456)Income (loss) before income taxes excluding land-related charges and gain on extinguishment of debt (1)$21,462 $(14,064) (1) Income (loss) before income taxes excluding land-related charges and gain on extinguishment of debt is a non-GAAP financial measure. The most directly comparable GAAP financial measure is income (loss) before income taxes. Hovnanian Enterprises, Inc.January 31, 2021Gross margin(In thousands) Homebuilding Gross Margin Three Months Ended January 31, 2021 2020 (Unaudited)Sale of homes$551,365 $479,233 Cost of sales, excluding interest expense and land charges (1) 437,372 396,318 Homebuilding gross margin, before cost of sales interest expense and land charges (2) 113,993 82,915 Cost of sales interest expense, excluding land sales interest expense 16,717 18,136 Homebuilding gross margin, after cost of sales interest expense, before land charges (2) 97,276 64,779 Land charges 1,877 2,828 Homebuilding gross margin$95,399 $61,951 Homebuilding gross margin percentage 17.3% 12.9%Homebuilding gross margin percentage, before cost of sales interest expense and land charges (2) 20.7% 17.3%Homebuilding gross margin percentage, after cost of sales interest expense, before land charges (2) 17.6% 13.5% Land Sales Gross Margin Three Months Ended January 31, 2021 2020 (Unaudited)Land and lot sales$3,362 $25 Land and lot sales cost of sales, excluding interest and land charges (1) 2,266 37 Land and lot sales gross margin, excluding interest and land charges 1,096 (12)Land and lot sales interest 448 - Land and lot sales gross margin, including interest and excluding land charges$648 $(12) (1) Does not include cost associated with walking away from land options or inventory impairment losses which are recorded as Inventory impairment loss and land option write-offs in the Condensed Consolidated Statements of Operations. (2) Homebuilding gross margin, before cost of sales interest expense and land charges, and homebuilding gross margin percentage, before cost of sales interest expense and land charges, are non-GAAP financial measures. The most directly comparable GAAP financial measures are homebuilding gross margin and homebuilding gross margin percentage, respectively. Hovnanian Enterprises, Inc. January 31, 2021 Reconciliation of adjusted EBITDA to net income (loss)(In thousands) Three Months Ended January 31, 2021 2020 (Unaudited)Net income (loss)$18,959 $(9,148)Income tax provision 626 1,712 Interest expense 41,140 43,139 EBIT (1) 60,725 35,703 Depreciation and amortization 1,338 1,279 EBITDA (2) 62,063 36,982 Inventory impairment loss and land option write-offs 1,877 2,828 Gain on extinguishment of debt - (9,456)Adjusted EBITDA (3)$63,940 $30,354 Interest incurred$41,457 $44,334 Adjusted EBITDA to interest incurred 1.54 0.68 (1) EBIT is a non-GAAP financial measure. The most directly comparable GAAP financial measure is net income (loss). EBIT represents earnings before interest expense and income taxes.(2) EBITDA is a non-GAAP financial measure. The most directly comparable GAAP financial measure is net income (loss). EBITDA represents earnings before interest expense, income taxes, depreciation and amortization.(3) Adjusted EBITDA is a non-GAAP financial measure. The most directly comparable GAAP financial measure is net income (loss). Adjusted EBITDA represents earnings before interest expense, income taxes, depreciation, amortization, inventory impairment loss and land option write-offs and gain on extinguishment of debt. Hovnanian Enterprises, Inc.January 31, 2021Interest incurred, expensed and capitalized(In thousands) Three Months Ended January 31, 2021 2020 (Unaudited)Interest capitalized at beginning of period$65,010 $71,264 Plus interest incurred 41,457 44,334 Less interest expensed 41,140 43,139 Less interest contributed to unconsolidated joint venture (1) - 4,580 Interest capitalized at end of period (2)$65,327 $67,879 (1) Represents capitalized interest which was included as part of the assets contributed to the joint venture the company entered into during the three months ended January 31, 2020. There was no impact to the Condensed Consolidated Statement of Operations as a result of this transaction.(2) Capitalized interest amounts are shown gross before allocating any portion of impairments to capitalized interest. HOVNANIAN ENTERPRISES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands) January 31, October 31, 2021 2020 (Unaudited) (1) ASSETS Homebuilding: Cash and cash equivalents $172,098 $262,489 Restricted cash and cash equivalents 12,628 14,731 Inventories: Sold and unsold homes and lots under development 1,011,893 921,594 Land and land options held for future development or sale 103,276 91,957 Consolidated inventory not owned 165,980 182,224 Total inventories 1,281,149 1,195,775 Investments in and advances to unconsolidated joint ventures 93,509 103,164 Receivables, deposits and notes, net 41,240 33,686 Property, plant and equipment, net 17,812 18,185 Prepaid expenses and other assets 60,667 58,705 Total homebuilding 1,679,103 1,686,735 Financial services 171,596 140,607 Total assets $1,850,699 $1,827,342 LIABILITIES AND EQUITY Homebuilding: Nonrecourse mortgages secured by inventory, net of debt issuance costs $127,264 $135,122 Accounts payable and other liabilities 328,806 359,274 Customers’ deposits 57,261 48,286 Liabilities from inventory not owned, net of debt issuance costs 119,432 131,204 Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 1,430,213 1,431,110 Accrued Interest 50,041 35,563 Total homebuilding 2,113,017 2,140,559 Financial services 149,628 119,045 Income taxes payable 4,389 3,832 Total liabilities 2,267,034 2,263,436 Equity: Hovnanian Enterprises, Inc. stockholders' equity deficit: Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at January 31, 2021 and October 31, 2020 135,299 135,299 Common stock, Class A, $0.01 par value - authorized 16,000,000 shares; issued 5,997,562 shares at January 31, 2021 and 5,990,310 shares at October 31, 2020 60 60 Common stock, Class B, $0.01 par value (convertible to Class A at time of sale) - authorized 2,400,000 shares; issued 652,211 shares at January 31, 2021 and 649,886 shares at October 31, 2020 7 7 Paid in capital - common stock 718,832 718,110 Accumulated deficit (1,156,086) (1,175,045) Treasury stock - at cost – 470,430 shares of Class A common stock and 27,669 shares of Class B common stock at January 31, 2021 and October 31, 2020 (115,360) (115,360) Total Hovnanian Enterprises, Inc. stockholders’ equity deficit (417,248) (436,929) Noncontrolling interest in consolidated joint ventures 913 835 Total equity deficit (416,335) (436,094) Total liabilities and equity $1,850,699 $1,827,342 (1) Derived from the audited balance sheet as of October 31, 2020. HOVNANIAN ENTERPRISES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In Thousands Except Per Share Data)(Unaudited) Three Months Ended January 31, 2021 2020 Revenues: Homebuilding: Sale of homes $551,365 $479,233 Land sales and other revenues 3,802 809 Total homebuilding 555,167 480,042 Financial services 19,497 14,014 Total revenues 574,664 494,056 Expenses: Homebuilding: Cost of sales, excluding interest 439,638 396,355 Cost of sales interest 17,165 18,136 Inventory impairment loss and land option write-offs 1,877 2,828 Total cost of sales 458,680 417,319 Selling, general and administrative 40,225 40,674 Total homebuilding expenses 498,905 457,993 Financial services 10,354 9,554 Corporate general and administrative 23,483 19,744 Other interest 23,975 25,003 Other operations 278 194 Total expenses 556,995 512,488 Gain on extinguishment of debt - 9,456 Income from unconsolidated joint ventures 1,916 1,540 Income (loss) before income taxes 19,585 (7,436)State and federal income tax provision: State 626 1,712 Federal - - Total income taxes 626 1,712 Net income (loss) $18,959 $(9,148) Per share data: Basic: Net income (loss) per common share $2.79 $(1.49)Weighted-average number of common shares outstanding 6,225 6,161 Assuming dilution: Net income (loss) per common share $2.75 $(1.49)Weighted-average number of common shares outstanding 6,303 6,161 HOVNANIAN ENTERPRISES, INC.(DOLLARS IN THOUSANDS EXCEPT AVG. PRICE)(SEGMENT DATA EXCLUDES UNCONSOLIDATED JOINT VENTURES)(UNAUDITED) Contracts (1)DeliveriesContract Three Months EndedThree Months EndedBacklog January 31,January 31,January 31, 2021 2020% Change 2021 2020% Change 2021 2020% ChangeNortheast (NJ, PA)Home 43 63(31.7)% 53 81(34.6)% 120 134(10.4)% Dollars$33,670$33,0032.0% $31,216$45,264(31.0)% $84,566$74,29613.8% Avg. Price$783,023$523,85749.5% $588,981$558,8155.4% $704,717$554,44827.1% Mid-Atlantic (DE, MD, VA, WV)Home 229 18325.1% 176 15513.5% 610 35074.3% Dollars$144,481$93,70254.2% $92,911$87,5896.1% $342,685$189,64680.7% Avg. Price$630,921$512,03323.2% $527,903$565,090(6.6)% $561,779$541,8463.7% Midwest (IL, OH)Home 238 18727.3% 183 15915.1% 651 47836.2% Dollars$79,386$58,27636.2% $56,593$46,39222.0% $192,310$134,56642.9% Avg. Price$333,555$311,6367.0% $309,251$291,7746.0% $295,407$281,5194.9% Southeast (FL, GA, SC)Home 210 15535.5% 102 975.2% 406 30533.1% Dollars$98,194$67,15846.2% $45,648$36,68024.4% $199,517$139,50543.0% Avg. Price$467,590$433,2777.9% $447,529$378,14418.3% $491,421$457,3937.4% Southwest (AZ, TX)Home 736 52839.4% 582 49318.1% 1,220 69874.8% Dollars$267,825$178,43350.1% $190,182$163,70316.2% $437,868$245,62778.3% Avg. Price$363,893$337,9417.7% $326,773$332,055(1.6)% $358,908$351,9012.0% West (CA)Home 322 20656.3% 289 25115.1% 788 256207.8% Dollars$174,114$90,83291.7% $134,815$99,60535.3% $409,186$115,927253.0% Avg. Price$540,727$440,93222.6% $466,488$396,83317.6% $519,272$452,84014.7% Consolidated Total Home 1,778 1,32234.5% 1,385 1,23612.1% 3,795 2,22170.9% Dollars$797,670$521,40453.0% $551,365$479,23315.1% $1,666,132$899,56785.2% Avg. Price$448,633$394,40513.7% $398,097$387,7292.7% $439,033$405,0288.4% Unconsolidated joint ventures (2) (excluding KSA JV)Home 184 1708.2% 119 149(20.1)% 391 33616.4% Dollars$101,907$106,917(4.7)% $71,113$86,349(17.6)% $215,318$205,1225.0% Avg. Price$553,842$628,921(11.9)% $597,588$579,5233.1% $550,685$610,482(9.8)% Grand Total Home 1,962 1,49231.5% 1,504 1,3858.6% 4,186 2,55763.7% Dollars$899,577$628,32143.2% $622,478$565,58210.1% $1,881,450$1,104,68970.3% Avg. Price$458,500$421,1278.9% $413,882$408,3621.4% $449,462$432,0254.0% KSA JV Only Home 213 95124.2% 0 00.0% 1,305 297339.4% Dollars$33,373$14,841124.9% $0$00.0% $205,046$47,157334.8% Avg. Price$156,681$156,2200.3% $0$00.0% $157,123$158,779(1.0)% DELIVERIES INCLUDE EXTRASNotes:(1) Contracts are defined as new contracts signed during the period for the purchase of homes, less cancellations of prior contracts.(2) Represents home deliveries, home revenues and average prices for our unconsolidated homebuilding joint ventures for the period. We provide this data as a supplement to our consolidated results as an indicator of the volume managed in our unconsolidated homebuilding joint ventures. Our proportionate share of the income or loss of unconsolidated homebuilding and land development joint ventures is reflected as a separate line item in our consolidated financial statements under “Income from unconsolidated joint ventures”. HOVNANIAN ENTERPRISES, INC.(DOLLARS IN THOUSANDS EXCEPT AVG. PRICE)(SEGMENT DATA UNCONSOLIDATED JOINT VENTURES ONLY)(UNAUDITED) Contracts (1)DeliveriesContract Three Months EndedThree Months EndedBacklog January 31,January 31,January 31, 2021 2020% Change 2021 2020% Change 2021 2020% ChangeNortheast unconsolidated joint venturesHome 13 57(77.2)% 14 50(72.0)% 17 83(79.5)% (excluding KSA JV)Dollars$17,835$45,300(60.6)% $17,695$37,096(52.3)% $24,675$71,882(65.7)% (NJ, PA)Avg. Price$1,371,923$794,73772.6% $1,263,929$741,92070.4% $1,451,471$866,04867.6% Mid-Atlantic (Unconsolidated Joint Ventures)Home 23 1735.3% 30 12150.0% 83 4776.6% (DE, MD, VA, WV)Dollars$13,326$9,26543.8% $14,401$6,180133.0% $45,745$24,06190.1% Avg. Price$579,391$545,0006.3% $480,033$515,000(6.8)% $551,145$511,9367.7% Midwest unconsolidated joint venturesHome 1 6(83.3)% 1 4(75.0)% 0 5(100.0)% (IL, OH)Dollars$409$2,894(85.9)% $409$1,710(76.1)% $0$2,469(100.0)% Avg. Price$409,000$482,333(15.2)% $409,000$427,500(4.3)% $0$493,800(100.0)% Southeast unconsolidated joint venturesHome 117 37216.2% 51 4513.3% 215 11587.0% (FL, GA, SC)Dollars$57,758$21,395170.0% $27,042$23,04917.3% $109,244$58,91985.4% Avg. Price$493,658$578,243(14.6)% $530,235$512,2003.5% $508,112$512,339(0.8)% Southwest unconsolidated joint venturesHome 4 35(88.6)% 15 17(11.8)% 35 63(44.4)% (AZ, TX)Dollars$3,152$21,798(85.5)% $8,739$10,539(17.1)% $21,216$39,577(46.4)% Avg. Price$788,000$622,80026.5% $582,600$619,941(6.0)% $606,171$628,206(3.5)% West unconsolidated joint venturesHome 26 1844.4% 8 21(61.9)% 41 2378.3% (CA)Dollars$9,427$6,26550.5% $2,827$7,775(63.6)% $14,438$8,21475.8% Avg. Price$362,577$348,0564.2% $353,375$370,238(4.6)% $352,146$357,130(1.4)% Unconsolidated Joint Ventures (2) (Excluding KSA JV)Home 184 1708.2% 119 149(20.1)% 391 33616.4% Dollars$101,907$106,917(4.7)% $71,113$86,349(17.6)% $215,318$205,1225.0% Avg. Price$553,842$628,921(11.9)% $597,588$579,5233.1% $550,685$610,482(9.8)% KSA JV Only Home 213 95124.2% 0 00.0% 1,305 297339.4% Dollars$33,373$14,841124.9% $0$00.0% $205,046$47,157334.8% Avg. Price$156,681$156,2200.3% $0$00.0% $157,123$158,779(1.0)% DELIVERIES INCLUDE EXTRASNotes:(1) Contracts are defined as new contracts signed during the period for the purchase of homes, less cancellations of prior contracts.(2) Represents home deliveries, home revenues and average prices for our unconsolidated homebuilding joint ventures for the period. We provide this data as a supplement to our consolidated results as an indicator of the volume managed in our unconsolidated homebuilding joint ventures. Our proportionate share of the income or loss of unconsolidated homebuilding and land development joint ventures is reflected as a separate line item in our consolidated financial statements under “Income from unconsolidated joint ventures”. Contact:J. Larry SorsbyJeffrey T. O’Keefe Executive Vice President & CFOVice President, Investor Relations 732-747-7800732-747-7800
Omnilert Gun Detect embeds virtual obfuscation network, Telos GhostASHBURN, Va. and LEESBURG, Va., March 02, 2021 (GLOBE NEWSWIRE) -- Telos® Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, and Omnilert, the innovation leader and most trusted partner in emergency communications, today announced the integration of the Telos Ghost virtual obfuscation network into Omnilert Gun Detect, the industry’s first AI-powered visual gun detection solution. “Adding network obfuscation and misattribution capabilities to Gun Detect enhances our ability to prevent loss of life in the event of an active shooter situation,” said Ara Bagdasarian, co-founder, Omnilert. “Blending Telos Ghost’s capabilities with our own allows for a more robust product, greatly increasing security.” Omnilert Gun Detect reliably and rapidly recognizes firearms and immediately triggers multi-channel alerts and automated pre-defined safety protocols. With the integration of Telos Ghost, Omnilert is able to hide source locations and the destination information repositories in its network. Omnilert and Telos will jointly market and sell the combined solution to various markets, including education, healthcare, manufacturing, private and public sector organizations. “Mission is incredibly important to us at Telos, and we couldn’t be more gratified that our cybersecurity technology will be leveraged by Omnilert Gun Detect to keep people safe, and ultimately, save lives,” said John B. Wood, CEO and Chairman, Telos. “Integrating Telos Ghost into the company’s innovative visual gun detection offering will ensure safety and security.” In January 2018, Telos launched the cloud-based Telos Ghost network to provide security and privacy through obfuscation and encryption. The platform operates under the philosophy that you can’t exploit what you can’t see, enabling organizations to work securely over the internet without giving away their identity or their presence. For more information on the various applications of Telos Ghost, visit: www.telos.com/telosghost, and for more information on Omnilert Gun Detect, visit: www.omnilert.com/solutions/gun-detection-system. About Telos CorporationTelos Corporation (NASDAQ: TLS) empowers and protects the world’s most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos’ offerings include cybersecurity solutions for IT risk management and information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions for identity and access management, secure mobility, organizational messaging, and network management and defense. The company serves military, intelligence and civilian agencies of the federal government, allied nations and commercial organizations around the world. About OmnilertFounded in 2004, Omnilert was the first company to establish the emergency mass notification market. It continues to be the innovation leader and most trusted partner to over 2,500 customers across diverse industries, including education, healthcare, manufacturing, private and public sector organizations. Omnilert offers the broadest array of solutions, spanning prevention, notification, engagement, and incident management, as well as the most comprehensive multi-channel communications. Uniquely, the organization employs automation and next-generation artificial intelligence to expedite emergency response and enable detection and visualization of critical incidents. Omnilert is privately held and headquartered outside of Washington, DC. For more information, visit Omnilert.com. Media contacts:Mia WilcoxMerritt Group on behalf of Telos CorporationEmail: firstname.lastname@example.orgPhone: (610) 564-6773 Elizabeth VenafroDirector of Marketing, OmnilertEmail: email@example.com Investor contact:Brinlea JohnsonThe Blueshirt Group on behalf of Telos Corporationbrinlea@blueshirtgroup.com
CaliCard to service consumer businesses including licensed cannabis retail operators Los Angeles CA, March 02, 2021 (GLOBE NEWSWIRE) -- CurrencyWorks Inc. (“CurrencyWorks” or the “Company”), (TSXV: CWRK and OTCQB: CWRK) a financial technology blockchain pioneer and alternative digital payments provider has signed a deal and partnered with leading cannabis retailers to launch a revolutionary digital community currency card and fintech platform. The new CaliCard offering is equipped with a digital wallet that provides compliant banking, digital payments and merchant services to consumer businesses including licensed cannabis retail operators. Calicard’s CEO and Co-founder, Christian Schenk, is the former CEO of Driven Deliveries Inc.. He led the organization through 3 transactions, grew revenue from $30,000 in Q1 2019 to a $25+M/ year, became a leader in online cannabis sales and direct to home delivery network with more than 400 employees across the State of California before selling the business to Stem Holdings, a Florida based Multi State Operator (MSO). “After spending a year and a half in the cannabis industry experiencing first hand the challenges merchants and consumers face when it comes to banking and payment options, it was time to change the game.” Said Christian Schenk, Founder & CEO of CaliCard Inc. “The CurrencyWorks team is a solid, longtime partner of mine and together with our Canadian based fintech partnerships we have established an incredibly disruptive offering that will most certainly have an impact on the industry, especially given our early stage launch partners participation,” Schenk added. CaliCard has been working with 5 major retailers, both online and brick and mortar dispensaries on the cannabis payment functions of the solution. In addition, the company will be adding non-cannabis merchant networks over time and will be looking to launch with several hundred retailers across California, including restaurants, c-stores and more. This will enable CaliCard account holders to use the new community currency for virtually all types of products and services. Participating local merchants will benefit from an inexpensive alternative to traditional cashless payment acceptance options, as well as CaliCard-sponsored promotions to help boost adoption and sales. The offering leverages CurrencyWorks’ banking, security and processing relationships. By leveraging proven technology with a few additional services the solution will be able to provide a seamless experience when checking out in store and online, no different than reloading a virtual card in your favorite coffee retailer’s mobile app. Funds can be reloaded at time of purchase to settle a transaction or funds can be kept in your CaliCard account, no different than a traditional checking account and will be accessible 24/7/365. Account holders will be assigned a physical card that can be used in-store, access ATMs as well as to facilitate online purchases. Consumers can also leverage the digital payment interface using the mobile app, which will present the merchant with a unique QR code or will leverage the merchant’s point of sale terminal NFC interface, no different than using Apple Payments. For more information go to www.calicard.com and signup for updates. About CurrencyWorksCurrencyWorks Inc. (TSXV: CWRK and OTCQB: CWRK) is a publicly traded company that builds and operates FinTech Platforms for Digital Currencies, Digital Assets and Security Tokens. For more information on CurrencyWorks, please visit us at: www.currencyworks.io. For additional investor info visit www.currencyworks.io or www.sedar.com and www.sec.gov searching CWRK. Media ContactArian Hopkinsarian@currencyworks.io Company ContactBruce Elliott, PresidentPhone: 424-570-9446Bruce.firstname.lastname@example.org Disclaimer for Forward-Looking Statements This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things: statements with respect to the CaliCard offering, including CurrencyWorks’ involvement; the perceived impact on the cannabis industry; that CaliCard will be adding non-cannabis merchant networks over time and will be looking to launch with several hundred retailers across California; and the intended uses, functions and benefits of CaliCard. The material assumptions supporting these forward-looking statements include, among others, that there will be no material variations in current regulatory environments in which CurrencyWorks or CaliCard operates; the perceived benefits from the CaliCard and the Company’s blockchain solutions will be as expected; and that merchant and consumer preferences will be as currently expected. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. These forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors, including: the risk that the Company will be unable to efficiently provide its services in connection with the CaliCard; the risk that other payment methods may become more widely adopted; the risk that there may be negative changes in general economic and business conditions; the risk that the Company may have negative operating cash flow and not enough capital to complete the blockchain solutions; the risk that the Company may not be able to obtain additional financing as necessary; the risk that there may be increases in capital and operating costs as a result of working on the blockchain solutions; the risk that the blockchain solutions may be subject to fraud and other failures; the risk that there may be technological changes and developments in the blockchain that make the blockchain solutions obsolete; risks relating to regulatory changes or actions which may impede the development or operation of the blockchain solutions; the risk that other competitors may release similar blockchain solutions; and other general risks involved in the blockchain solutions. Any of these risks may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Further, although the Company has attempted to identify factors that could cause actual results, levels of activity, performance or achievements to differ materially from those described in forward-looking statements, there may be other factors that cause results, levels of activity, performance or achievements not to be as anticipated, estimated or intended. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. The Company does not assume any liability for disclosure relating to any other company mentioned herein. 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.
KARTOON CHANNEL! TO STREAM SCOOBY-DOO! ANIMATED MOVIES Scooby-Doo! Frankencreepy will kick-off Kartoon Channel!’s “Friday Family Fun Films” on March 5, 2021, with four additional Scooby-Doo! movies rolling throughout 2021, including Scooby-Doo! and the Goblin King (May), Scooby-Doo! on Zombie Island (July), Scooby-Doo! & the Legend of the Vampire (October), and lastly, Scooby-Doo! and KISS: Rock and Rolly Mystery, starring the voice talents of the timeless rock band phenomenon, KISS. Additionally, the channel will feature films from Genius Brands’ library, including Stan Lee’s Mighty 7, Rainbow Rangers special, guest starring Pierce Brosnan, and more titles to be added weekly. BEVERLY HILLS, Calif., March 02, 2021 (GLOBE NEWSWIRE) -- Genius Brands International, Inc. “Genius Brands” (GNUS:NASDAQ) continues to rapidly populate its premier digital platform, Kartoon Channel!, with the most successful kid’s content, anytime, anywhere for free, now bringing five “Scooby-Doo” animated movies from Warner Bros. Entertainment to the channel to launch “Friday Family Fun Films” on March 5, 2021. Scooby-Doo! Frankencreepy will kick-off Kartoon Channel!’s “Friday Family Fun Films” with four additional Scooby-Doo! movies rolling throughout 2021, including Scooby-Doo! and the Goblin King (May), Scooby-Doo! on Zombie Island (July), Scooby-Doo! & the Legend of the Vampire (October), and lastly, Scooby-Doo! and KISS: Rock and Rolly Mystery, starring the voice talents of the timeless rock band phenomenon, KISS. Additionally, the channel will feature films from Genius Brands’ library, including Stan Lee’s Mighty 7, Rainbow Rangers special, guest starring Pierce Brosnan, and more titles to be added weekly. “Scooby Doo is one of the most successful animated franchises of all time. It spans three generations of viewers and continues to be a blockbuster success today as strong as ever. It is a particular thrill for me to have Scooby join the Kartoon Channel! family. I began my career as a writer at Hanna-Barbera, and the first show I worked on was Scooby-Doo. The great Frank Welker played the voice of Freddie in the first shows back then, and later that of Scooby himself in these amazing films that will come to Kartoon Channel!. The KISS band members did their own voices in the Scooby-Doo! movie that they guest starred in. They too are timeless, and today continue to have a huge devoted following,” said Andy Heyward, Genius Brands’ Chairman & CEO. “We’re launching the ‘Friday Family Fun Films’ event with one of the most beloved animated properties in the world, Scooby-Doo, bringing the hijinks, laughter, and yes, the unmasking of villains known to kids and families worldwide,” commented Jon Ollwerther, EVP Business Development and General Manager of Kartoon Channel! at Genius Brands. “We will also be showcasing titles from our own catalog, such as Stan Lee’s Mighty 7, from the mind of one of the most creative geniuses of all time, and the animated adventure, Rainbow Rangers, featuring a special starring Pierce Brosnan. This is just the beginning for Kartoon Channel! as we bring new and exciting family-friendly features weekly to our line-up throughout the year!” About Kartoon Channel! Available everywhere and anywhere kids are today, Genius Brands International’s digital network, Kartoon Channel!, is a family entertainment destination that delivers enduring childhood moments of humor, adventure, and discovery. Delivering 1000’s of episodes of carefully curated free family-friendly content, the channel features animated classics for little kids, including The Wubbulous World of Dr. Seuss, Babar,Mello Dees, Super Simple Songs and Baby Genius, and hit content for bigger kids, such as Pac-Man, Angry Birds, Yu-Gi-Oh and Bakugan, to original programming like Stan Lee’s Superhero Kindergarten, premiering in spring 2021 and starring Arnold Schwarzenegger, KC! Pop Quiz coming in 2021, and Shaq’s Garage, starring Shaquille O’Neal for 2022. Kartoon Channel! also offers STEM-based content through its Kartoon Classroom!, including Baby Einstein, Lil Doc, Counting with Earl and More. Look for the Kartoon Channel! on Comcast, Cox, DISH, Sling TV, Amazon Prime, Amazon Fire, Apple TV, Apple iOs, Android TV, Android Mobile, Google Play, Xumo, Roku, Tubi, and streaming via KartoonChannel.com, as well as accessible via Samsung Smart TVs, and now LGTVs. To stream or download the app for Kartoon Channel!, click here About Genius Brands InternationalGenius Brands International, Inc. (Nasdaq: GNUS) is a leading global kids media company developing, producing, marketing and licensing branded children’s entertainment properties and consumer products for media and retail distribution. The Company’s award-winning ‘content with a purpose’ portfolio includes the upcoming Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, for Kartoon Channel!; Rainbow Rangers for Nick Jr.; Llama Llama, starring Jennifer Garner, for Netflix; award-winning toddler brand Baby Genius; adventure comedy STEM series Thomas Edison's Secret Lab; and entrepreneurship series Warren Buffett's Secret Millionaires Club. Through licensing agreements with leading partners, characters from Genius Brands’ IP also appear on a wide range of consumer products for the worldwide retail marketplace. The Company’s new Kartoon Channel! and Kartoon Classroom! are available in over 100 million U.S. television households via a broad range of distribution platforms, including Comcast, Cox, DISH, Sling TV, Amazon Prime, Amazon Fire, Apple TV, Apple i0s, Android TV, Android Mobil, Google Play, Xumo, Roku, Tubi, KartoonChannel.com, Samsung Smart TVs and LG TVs. For additional information, please visit www.gnusbrands.com. Forward Looking Statements: Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation, our ability to generate revenue or achieve profitability; our ability to obtain additional financing on acceptable terms, if at all; our ability to repay our outstanding debt; the potential issuance of a significant number of shares to our convertible note holders which will dilute our equity holders; fluctuations in the results of our operations from period to period; general economic and financial conditions; our ability to anticipate changes in popular culture, media and movies, fashion and technology; competitive pressure from other distributors of content and within the retail market; our reliance on and relationships with third-party production and animation studios; our ability to market and advertise our products; our reliance on third-parties to promote our products; our ability to keep pace with technological advances; our ability to protect our intellectual property and those other risk factors set forth in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K and in the Company's subsequent filings with the Securities and Exchange Commission (the "SEC"). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. MEDIA CONTACT:email@example.com INVESTOR RELATIONS CONTACT: firstname.lastname@example.org A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/282aad6a-0026-41cf-b3dd-e75ddd2bf94a
The market is expected to grow at a CAGR of 7. 2% from 2020 to 2027. The RNAi therapeutics market in the Middle East & Africa is growing primarily due to the increasing investments in RNAi therapies, and rising prevalence of infectious diseases and chronic conditions in the region.New York, March 02, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Middle East and Africa RNAi Therapeutics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Molecule Type, Application, Route of Administration, and End User ; and Country" - https://www.reportlinker.com/p06004195/?utm_source=GNW However, the high cost of RNAi therapeutics restrains the growth of the market.Additionally, a significant number of pipeline candidates for strategic alliances and rise in emphasis on RNA technologies would fuel the growth of the RNAi therapeutics market during the forecast period.RNAi refers to the interference RNA, which is responsible for controlling and manipulating protein translation in the cell.These RNAi are used to silence particular genes that are responsible for diseases.Currently, the awareness about RNAi is increasing extensively due to its ability to offer target-specific mechanism, leading to superior treatment outcomes.The approach is widely utilized for drug development.The increasing number of investments in RNAi therapy development coupled with growing prevalence of infectious diseases and chronic conditions drive the market growth.Lifestyle changes stemming from rising wealth are behind much of the shift, with stroke, heart disease, and lung and liver cancers supplanting lower respiratory diseases and neonatal disorders.For instance, nearly 75% of the geriatric population in the UAE have at least one chronic disease or the other.Chronic disease management requires new strategies to delay health deterioration, enhance functions, and address problems that people confront in their day-to-day lives.This has propelled the growth of healthcare systems.Extensive R&D activities are being conducted by government institutions and academic research centers to discover new drug delivery technologies and deal with the increasing number of patients suffering from infectious diseases (e.g., pneumonia, meningitis, food poisoning, and flu) and chronic conditions (e.g., cancer, diabetes, and cardiovascular conditions).The rising cases of infectious disease with changing environment due to pollution and other factors are propelling the growth of the Middle East & Africa RNAi therapeutics market.In 2019, in a Health Conference at Dubai World Trade Centre, infectious disease experts advised the UAE and GCC public to protect themselves from the risk of acquiring upper respiratory tract diseases such as H1N1 influenza and MERS-CoV by following the communications and recommendations of their national public health authority.According to the Worldometer, 157,000 people are infected with the COVID-19 virus as of November 2020. These numbers show that cases of infectious diseases are increasing day by day.Furthermore, cancer and diabetes are among the leading causes of mortality.According to WHO, in 2012, ~2,250 cancer-related deaths were reported in Lebanon.Cancer is becoming a major public health problem owing to the increasing incidence and mortality.RNAi therapies have significant potential to offer effective treatment for such extensively increasing diseases.The rising cases of such diseases accelerate the need for superior treatments, which bolsters the growth of the Middle East & Africa RNAi therapeutics market.The number of COVID-19 infected cases is increasing significantly across countries in the Middle East & Africa.The Middle East countries have registered a growth in cases in the last few days, with the UAE reaching 59,921 cases, Saudi Arabia reporting 272,590, and Qatar reaching 110,153 confirmed cases.Many companies operating in this region are developing therapies to treat COVID-19. Therefore, continuously growing research and developments in RNAi therapies in these countries coupled with rising prevalence of COVID-19 would bolster the growth of the Middle East & Africa RNAi therapeutics market during the forecast period.In 2019, the small interfering RNAs (siRNA) segment accounted for a larger share of the Middle East & Africa RNAi therapeutics market.Market growth for this segment is attributed to the increasing preference for small interfering RNAs for drug development and growing number of research partnerships.Furthermore, the microRNA (miRNA) segment is expected to register a higher CAGR in the market during the forecast period.A few of the major secondary sources referred to while preparing this report on the Middle East & Africa RNAi therapeutics market are the World Health Organization (WHO), International Agency of Research on Cancer and Prevention, and Worldometer.Read the full report: https://www.reportlinker.com/p06004195/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________ CONTACT: Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001
SOMERSET, N.J., March 02, 2021 (GLOBE NEWSWIRE) -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced management will participate in five investor conference events during the month of March 2021. Meetings with the management team may be requested via the conference’s sponsor, or through MTBC’s IR representation, Matt Kreps at Darrow Associates, by email at firstname.lastname@example.org or by phone at +1-214-597-8200. Conferences MTBC management will participate include: Thursday, March 4, 2021Cowen 41st Annual Health Care ConferenceGroup Presentation 10:30 am Eastern TimeOne-on-one virtual meetings available Wednesday, March 10, 2021H.C. Wainwright Annual Global Life Sciences ConferencePre-recorded fireside chat available in the conference platformOne-on-one virtual meetings available Monday, March 15, 2021Virtual 33rd Annual Roth ConferenceOne-on-one virtual meetings available Tuesday, March 16, 2021Oppenheimer Virtual 31st Annual Healthcare ConferenceOne-on-one virtual meetings available Wednesday, March 17, 2021Maxim 2021 Emerging Growth Virtual ConferencePre-recorded group presentation One-on-one virtual meetings available About MTBC MTBC, which recently announced its planned name change to CareCloud, Inc., is a healthcare information technology company that provides a full suite of proprietary cloud-based solutions, together with related business services, to healthcare providers and hospitals throughout the United States. Our Software-as-a-Service (or SaaS) platform includes revenue cycle management (RCM), practice management (PM), electronic health record (EHR), telehealth and patient experience management (PXM) solutions for high-performance medical groups. MTBC helps clients increase financial and operational performance, streamline clinical workflows and make better business and clinical decisions, allowing them to improve patient care while reducing administrative burdens and operating costs. MTBC’s common stock trades on the Nasdaq Global Market under the ticker symbol “MTBC,” and its Series A Preferred Stock trades on the Nasdaq Global Market under the ticker symbol “MTBCP.” For additional information, please visit our website at www.mtbc.com. To view MTBC's latest investor presentations, read recent press releases, and listen to interviews with management, please visit ir.mtbc.com. Follow MTBC on LinkedIn, Twitter and Facebook. SOURCE MTBC Company Contact:Bill KornChief Financial OfficerMTBC, Inc. email@example.com Investor Contact:Matt Kreps, Managing DirectorDarrow Associates Investor Relationsmkreps@darrowir.com(214) 597-8200 Media Inquiries:Mike CuestaChief Marketing OfficerMTBC, Inc.firstname.lastname@example.org