TIMIA Completes Two New Finance Facilities totalling $4.9 million

The MarketWatch News Department was not involved in the creation of this content.

VANCOUVER, BC, Sep. 1, 2020 (Canada NewsWire via COMTEX) —
~Surefire and Vancouver-based software company utilize TIMIA’s finance solution to support the expansion of their respective technology platforms~

TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSXV: TCA) (OTCQB: TIMCF) today announces that it has entered into two investment facilities for an aggregate value of approximately $4.9 million. The first investment facility is in the amount of approximately $3.9 million (US$3 million) made to Surefire Local, a Virginia based marketing technology company, the #1 local marketing platform for small business. The financing facility includes an initial disbursement of approximately $3.3 million (US$2.5 million), which has been advanced, and an additional $0.65 million (US$0.5 million) to be disbursed upon certain milestones being met over the term of the agreement.

The second investment facility of $1 million has been extended

Read More

Continue Reading

Private, nonprofit and tribal colleges and universities receive $8.3 million to boost COVID-19 testing

MADISON, Wis. (WMTV) – Wisconsin’s private, nonprofit and tribal colleges and universities will receive $8.3 million to increase COVID-19 testing efforts.



Coronavirus testing


© Provided by Madison WMTV
Coronavirus testing

Gov. Tony Evers announced the funding on Thursday, following his investment of over $10 million for COVID-19 support for these campuses that was announced earlier this summer.

Loading...

Load Error

According to a news release, the governor was concerned about the “alarming increase” in positive COVID-19 cases in the state, especially in the 18-24 age group.

“No campus exists in a bubble, so it is critical that we all work together to stop the spread of this virus for the health and safety of not only those on our college campuses, but for Wisconsinites in every corner of our state, and testing is a key step in doing just that,” Evers said.

Some of the colleges who are recognized in this announcement are

Read More

Continue Reading

Company to pay $60 million for deceptive pelvic mesh marketing

A company that failed to adequately inform women of dangerous side effects related to permanent pelvic mesh devices will be required to pay $60 million, according to a settlement announced this week by state attorneys general across the U.S.



Surgical Mesh


© Getty Images/iStockphoto
Surgical Mesh

The money from C.R. Bard Inc. and its parent company Becton, Dickinson and Company will be spread out among 48 states and the District of Columbia. For example, New York will receive $2.1 million, while Arizona will receive $1.15 million. Mississippi is set to receive around $840,000.

Loading...

Load Error

Evidence indicated that C. R. Bard was aware of the potential for serious medical complications but failed to provide sufficient warnings to consumers or surgeons who implanted the devices, said New York Attorney General Letitia James in a statement.

“C.R. Bard failed to disclose serious and life-altering risks of permanently implanted surgical mesh devices, leaving thousands of

Read More

Continue Reading

AR Marketing Platform Raises $5 Million in Series A Round

Augmented reality is finding increased consumer adoption amid the coronavirus pandemic and Camera IQ is making the most of it.

The Los Angeles-based start-up, founded in 2016 offering a platform for marketers to make AR campaigns, just raised $5 million in a Series A round of funding led by Shasta Ventures. Shasta is an early stage venture capital firm best known for its early investment in Nest Labs, the home tech company later bought by Google.

More from WWD

As for Camera IQ, the company said it has experienced a “record number” of consumers engaging with AR campaigns and tools it’s built for companies during the pandemic. The start-up has done campaigns for beauty brands like MAC, Smashbox, Wet ‘n’ Wild and the new LoveSeen, along with media companies such as Bravo, Bumble, Discovery, Paramount and Amazon Prime Video and a range of others. It has also worked with Coach

Read More

Continue Reading

Company to pay $60 million for deceptive marketing with pelvic mesh

A company that failed to adequately inform women of dangerous side effects related to permanent pelvic mesh devices will be required to pay $60 million, according to a settlement announced this week by state attorneys general across the U.S.

The money from C.R. Bard Inc. and its parent company Becton, Dickinson and Company will be spread out among 48 states and the District of Columbia. For example, New York will receive $2.1 million, while Arizona will receive $1.15 million. Mississippi is set to receive around $840,000.

Evidence indicated that C. R. Bard was aware of the potential for serious medical complications but failed to provide sufficient warnings to consumers or surgeons who implanted the devices, said New York Attorney General Letitia James in a statement.

“C.R. Bard failed to disclose serious and life-altering risks of permanently implanted surgical mesh devices, leaving thousands of women to suffer,” Mississippi Attorney General Lynn

Read More

Continue Reading

Wisconsin private, nonprofit, tribal universities to receive $8.3 million for COVID-19 testing

MADISON, Wis. — More than $8 million is going to help cover the cost of COVID-19 efforts at private, nonprofit and tribal colleges and universities in Wisconsin.

Gov. Tony Evers announced the funding on Thursday in response to the growing number of positive coronavirus cases on college campuses across the state.

“No campus exists in a bubble, so it is critical that we all work together to stop the spread of this virus for the health and safety of not only those on our college campuses, but for Wisconsinites in every corner of our state, and testing is a key step in doing just that,” Evers said in a release.

The testing effort is funded through the Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act dollars, according to a release

Read More

Continue Reading

Reddit Co-Founder Alexis Ohanian Plans $150 Million Investment Fund

Topline

Reddit co-founder Alexis Ohanian is starting a $150 million investment fund, according to SEC documents, the entrepreneur’s first project since stepping down earlier this year and asking Reddit to replace him on the company’s board with a Black candidate.

Key Facts

The fund is called 776, which according to its website, is a reference to 776 B.C.E, the first year the Olympics were held. 

“The first competition was a 192m footrace; it was won by a cook from a nearby village. We’re going back to that very first starting line,” the website’s copy reads.

Ohanian is married to tennis star

Read More

Continue Reading

LCI And Sumitomo Mitsui Finance And Leasing (SMFL) Launch Landmark US$230 Million Helicopter Leasing Joint Venture

LONDON, Sept. 23, 2020 /PRNewswire/ — LCI, a leading helicopter lessor and the aviation division of the Libra Group, and Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) have agreed to establish and operate a joint venture helicopter leasing business.

The vehicle has launched with the initial acquisition of 19 next-generation helicopters with a value of US$230 million. SMFL and LCI are co-investors in the partnership, with LCI also acting as manager.

The young, modern helicopters acquired by the joint venture will be used by operators across the globe on a range of missions including Emergency Medical Services (EMS), Search and Rescue (SAR), and transportation to offshore wind farms. With a strong lessee profile, long average lease tenor and full power by the hour maintenance coverage, the portfolio offers a robust profile for the investors.

Jaspal Jandu, Chief Financial Officer of LCI, says: “LCI is delighted to

Read More

Continue Reading

Load More