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Archer Named Exclusive Air Taxi Partner For The Los Angeles Sports & Entertainment Commission, Will Serve As Official Los Angeles World Cup 2026 Host City Supporter And Official Partner For The Super Bowl LXI Host Committee
Prnewswire· 2025-10-22 12:30
Core Insights - Archer has been designated as the exclusive Air Taxi Partner by the Los Angeles Sports & Entertainment Commission (LASEC), enhancing its presence in Los Angeles and aligning with major upcoming events like the FIFA World Cup 2026 and Super Bowl LXI [1][2][5] Company Initiatives - Archer aims to launch an air taxi network in Los Angeles, connecting key transportation corridors with planned vertiports and partnerships with airlines and infrastructure providers [2][5] - The company will engage with local communities and leaders to lay the groundwork for air taxi flights ahead of the LA28 Olympic Games [1][3] Leadership Involvement - Archer's CEO, Adam Goldstein, will join the ChampionLA Core Leadership Group, while CMO Miles Rogers will be part of the LASEC Advisory Board, providing strategic support [3][4] Technological Advancements - Archer's Midnight aircraft is designed to replace long car trips with safe, quiet electric air taxi flights, aiming to transform urban mobility in Los Angeles [5]
Extreme Networks Accelerates AI-First Networking with Industry's First Service Agent in Extreme Platform ONE, AI Summit in New York City
Businesswire· 2025-10-22 11:05
Core Insights - Extreme has announced a series of initiatives to advance its AI strategy, including the launch of the AI Service Agent integrated into Extreme Platform ONE™ [1] Group 1 - The introduction of the AI Service Agent is a significant step in enhancing the capabilities of Extreme Platform ONE™ [1]
City First Bank Appoints Justin Jennings as Executive Vice President, Chief Deposit Officer
Prnewswire· 2025-10-20 16:06
Core Insights - Broadway Financial Corporation has appointed Justin Jennings as Executive Vice President and Chief Deposit Officer, focusing on treasury management, banking operations, digital banking, and deposit strategy [1][4]. Company Overview - City First Bank, a subsidiary of Broadway Financial Corporation, is dedicated to uplifting underinvested communities through mission-driven initiatives and offers various commercial loan products and services [5]. Leadership Experience - Justin Jennings previously served as Executive Vice President, Operations Officer at Columbia Bank, where he enhanced deposit operations and client engagement [2][3]. - Jennings has a significant background at JPMorgan Chase & Co., where he held multiple leadership roles, including Executive Director, Head of Treasury Services for Community Development Banking [3]. Strategic Goals - Jennings will play a crucial role in advancing City First Bank's strategic objectives, particularly in deposit growth, treasury management optimization, digital banking enhancement, and overall client experience improvement [4].
Enzo Villani, Chief Investment Officer of AlphaTON Capital, to Speak at the Vatican's 10th Anniversary World Changers Summit
Globenewswire· 2025-10-20 11:00
Core Insights - Enzo Villani, Chief Investment Officer of AlphaTON Capital, will speak at the 10th Anniversary of the IASC World Changers Summit in Vatican City, focusing on ethics, innovation, and digital transformation [1][2][3] Company Overview - AlphaTON Capital is a digital asset treasury company that focuses on building and managing a strategic reserve of TON tokens and developing the Telegram ecosystem [8] - The company implements a comprehensive treasury strategy that includes direct token acquisition, validator operations, and strategic ecosystem investments to generate sustainable returns for shareholders [8] - AlphaTON Capital provides public market investors with institutional-grade exposure to the TON ecosystem and Telegram's billion-user platform while maintaining governance standards and reporting transparency as a Nasdaq-listed company [8] Leadership and Vision - Enzo Villani has a two-decade career leading initiatives at the intersection of finance, blockchain technology, and global impact [2][7] - Villani's work emphasizes responsible innovation and decentralized technologies to drive human progress, social inclusion, and ethical governance on a global scale [5] Event Significance - The World Changers Summit aims to inspire dialogue between science, ethics, technology, spirituality, and humanity, aligning with Villani's work and worldview [4][5] - The summit is organized by the International Academy of Social Sciences and Cooperation (IASC) and has previously included Nobel Laureates and global leaders [3][6]
City Office REIT Stockholders Approve Merger
Prnewswire· 2025-10-16 21:00
Core Points - City Office REIT, Inc. announced that its stockholders approved the merger with MCME Carell Holdings, LP and MCME Carell Merger Sub, LLC [1][2] - The merger is expected to close in the fourth quarter of 2025, with shareholders receiving $7.00 per share in cash [2] Company Overview - City Office REIT is an internally-managed real estate company focused on acquiring, owning, and operating office properties primarily in Sun Belt markets [3] - The company currently owns or has a controlling interest in 4.2 million square feet of office properties and has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes [3]
Law Tech Spotlight Examines Tax Exposure Claims Against LuxUrban Hotels Inc., Citing OTA Payment and Tax Collection Laws
Globenewswire· 2025-10-15 20:34
Core Insights - The analysis by Law Tech Spotlight concludes that claims against LuxUrban Hotels regarding large-scale tax liabilities in New York are likely inaccurate and legally precluded under state and city law [1][3]. Findings and Legal Basis - From 2020 to 2025, LuxUrban Hotels generated approximately $248 million in gross room revenue across 11 U.S. states and cities, with audited net room revenue totaling $149 million, of which only $56 million (22.6%) came from New York operations [2]. - Under New York State Tax Law, entities defined as "room remarketers" or "resellers," including OTAs, are responsible for collecting and remitting occupancy and sales taxes, not the hotel operators [3]. OTA Payment Structure - Between 2022 and 2025, 92–97% of LuxUrban's customers booked through OTAs, meaning LuxUrban did not handle customer payments or collect taxes, as OTAs charged guests and remitted taxes [4][5]. - The OTA payment structure defines the merchant-customer relationship and tax responsibility, indicating that LuxUrban did not control or process payments for the majority of its bookings [5][6]. Legal Implications - False claims regarding unpaid taxes may expose responsible parties to defamation and commercial disparagement under New York law, with potential recoverable damages for LuxUrban reaching tens of millions of dollars [7][8]. - The spokesperson for the LawTech Review emphasized that allegations against LuxUrban regarding tax remittance are unfounded and ignore statutory authority and the financial technology involved in hospitality commerce [9].
City View Announces ArkenYield Partnership with Unique Digital Assets Ltd. to Manage up to $500M for Institutional Depositors
Newsfile· 2025-10-15 10:00
Core Insights - City View Green Holdings Inc. announces a strategic partnership between its investee company ArkenYield Ltd. and Unique Digital Assets Ltd. to enhance digital asset yield infrastructure [1][2][5] Partnership Details - ArkenYield will manage up to $500 million USD in capital commitments for UDA, providing institutional-grade yield infrastructure through its Managed Yield Program [2][4] - The partnership aims to deliver Concentrated Liquidity Market Making (CLMM) derived yield, ensuring full liquidity and on-demand access for depositors [2][5] - UDA will act as a digital asset custodian, enhancing safety and accessibility for large-scale depositors through regulated custody options and compliant transaction flows [3][5] Company Developments - City View has agreed to acquire 2,000,000 common shares in ArkenYield, representing approximately 20% of ArkenYield's issued and outstanding securities [6] - An annual and special meeting of shareholders is scheduled for December 18, 2025, to approve a change of business transaction, transitioning City View from an industrial company to an investment company [7][9] Future Focus - If approved, City View will focus on investments in public and private companies, venture capital initiatives, and strategic commodities, aiming for long-term capital growth through undervalued companies [10][11]
Ibstock Sinks 8% As Sales Growth Hits Brick Wall, Guidance Cut
Forbes· 2025-10-10 09:00
Photo by Damian Gillie/Construction Photography/Avalon/Getty ImagesGetty ImagesShares in brick manufacturer Ibstock sank on Friday as tough market conditions forced it to cut expected full-year earnings estimates. At 122.8p per share, the FTSE 250 company was down 8.2% and the biggest faller on the UK mid-cap share index.Ibstock said that “a more uncertain near term backdrop in the group’s core construction markets has led to weaker than expected demand,” impacting off-take for both its clay and concrete pr ...
Jam City, Inc. Launches Disney Magic Match 3D Worldwide
Businesswire· 2025-10-09 14:00
Core Insights - Jam City has launched a new mobile game titled Disney Magic Match 3D, developed in collaboration with Disney and Pixar Games, which is now available on both iOS and Android platforms [1] Company Summary - Jam City is expanding its portfolio with the introduction of Disney Magic Match 3D, indicating a strategic partnership with Disney and Pixar Games to enhance its offerings in the casual mobile gaming market [1] Industry Summary - The launch of Disney Magic Match 3D reflects the growing trend in the mobile gaming industry, particularly in casual gaming, which continues to attract a wide audience on major platforms like iOS and Android [1]
New York City Entrepreneurs Selected for Sixth-Annual Small Business Spotlight at Bank of America Winter Village at Bryant Park
Prnewswire· 2025-10-08 14:05
Core Insights - Bank of America has launched its Small Business Spotlight program, featuring four local businesses in New York City, providing them with rent-free booths at the Bank of America Winter Village at Bryant Park [1][3] - The initiative aims to support small businesses by allowing them to reach new customers during the holiday season, with the program running from October 24, 2025, to January 4, 2026 [4][10] - Last year, the holiday shops at Bryant Park generated approximately $50 million in sales, indicating a strong market for small businesses in this location [2] Company Initiatives - The four selected businesses for this year's Small Business Spotlight are Tribe & Oak, JAY CERAMICS, Smar Art, and Vanilla Joe & Co., each showcasing unique products [6] - Bank of America has been a significant supporter of small businesses, having provided opportunities to over 20 entrepreneurs since the program's inception in 2020 [3][4] - The program is part of a broader effort by Bank of America to strengthen local economies and support community growth [3] Event Details - The Bank of America Winter Village at Bryant Park will feature over 180 vendors, operating from October 24, 2025, to March 1, 2026, with specific hours for weekdays and weekends [4][10] - The event will include various attractions such as The Rink for ice skating and The Lodge for food and beverages, enhancing the overall experience for visitors [10]