Day: December 19, 2024

New research indicates Boomers hold $17 trillion of country’s total home equity MCLEAN, Va., Dec. 19, 2024 (GLOBE NEWSWIRE) — Three quarters of homeowners born before 1964 are likely to leave much of their $17 trillion in home equity to their children, according to Freddie Mac’s (OTCQB: FMCC) latest analysis of the housing perceptions, preferences and plans of Baby Boomers. Freddie Mac’s new, comprehensive survey of respondents 60 or older also highlights that the majority of Boomers who own a home feel confident they will have a financially comfortable retirement. This is accompanied by a growing preference of some Boomers to downsize. “As the youngest Baby Boomers turn 60 this year, this research provides an opportunity to learn from a generation that has weathered multiple economic cycles and pivotal moments in recent history,...

IRVING, Texas, Dec. 19, 2024 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), a leading provider of Business Process Automation solutions, today announced that it has been recognized as a Strong Performer in The Forrester Wave™: Task-Centric Automation Software, Q4 2024. The report evaluates the most significant task-centric automation providers, previously categorized under Robotic Process Automation (RPA), to help businesses identify the best-fit solutions for their needs. The Forrester Wave™ evaluated 15 vendors across three categories: Current Offering, Strategy, and Customer Feedback. Findings from the Report:Document Processing Capabilities: The report states that “Exela excels in intelligent content and document processing, setting a high standard in this area.” Strategic Vision...

ShareFile becomes the only AI-powered, document workflow and secure file sharing solution in AICPA’s Member Discount Program BURLINGTON, Mass., Dec. 19, 2024 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced its partnership with the American Institute of CPAs (AICPA), the world’s largest member association representing the CPA profession. Progress® ShareFile®, the SaaS-native, AI-powered, document-centric collaboration platform, becomes the only document workflow and secure file-sharing solution in the AICPA Member Discount Program. “AICPA’s leadership in advancing the accounting profession is unparalleled, and we are thrilled that they have selected ShareFile to be part of their program, to offer CPAs access to our collaboration and secure...

HF Foods Group Inc. Names Felix Lin Chief Executive OfficerHF Foods Group Inc. Names Felix Lin Chief Executive OfficerSeasoned HF Foods Executive with Deep Industry Relationships and Knowledge of Food Distribution Business Additional Appointments Made to People & Technology and Distribution Roles as HF Foods Continues to Make Progress on Strategic Transformation Plan LAS VEGAS, Dec. 19, 2024 (GLOBE NEWSWIRE) — HF Foods Group Inc. (NASDAQ: HFFG) (“HF Foods” or the “Company”), a leading food distributor to Asian restaurants across the United States, announced today that its Board of Directors has appointed Felix Lin as permanent Chief Executive Officer (CEO), effective January 1, 2025. Mr. Lin had previously served as President and Chief Operating Officer (COO) and was appointed to the additional role of Interim CEO...

Fort Lauderdale, FL, Dec. 19, 2024 (GLOBE NEWSWIRE) — OptimumBank Holdings, Inc. (NASDAQ: OPHC) (“OptimumBank” or the “Company”) today announced today that it is transferring the listing of its common stock to the NYSE American from The Nasdaq Stock Market LLC (“Nasdaq”). OptimumBank’s common stock is expected to begin trading on the NYSE American on December 31, 2024, under the ticker symbol of “OPHC.” The Company expects its common stock to continue to trade on Nasdaq until the close of the market on December 30, 2024. “We are excited to announce our new listing on the NYSE American. We believe this strategic move will help us increase the liquidity and visibility of our common stock and company as we join many other successful banks and companies, such as Strawberry Fields REIT, Inc. (STRW), in trading on the NYSE American,”...

Expands Executive Team and Board of Directors with Former Starbucks COO Troy Alstead as a Director and Andrew Varga as a Director and Strategic Consultant – Chief Revenue Officer GIG HARBOR, Wash., Dec. 19, 2024 (GLOBE NEWSWIRE) — Heritage Distilling Company, Inc. (“HDC” or “Heritage”) (Nasdaq: CASK), a leading craft distiller of innovative premium brands, announced today two key appointments to its executive leadership and Board of Directors. These include Troy Alstead, a seasoned global executive and former COO of Starbucks Corporation, to its Board of Directors, and Andrew Varga, a leading spirits marketer and advertiser with more than four decades in the adult beverage industry, to lead Heritage’s business development initiatives as a strategic consultant and Chief Revenue Officer, as well as to serve as a Director. Founded...

WOBURN, Mass., Dec. 19, 2024 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a provider of AI-driven marketing technology, has announced a new Smart Response feature for HawkSearch that analyzes PDF content and delivers specific answers to user queries. The innovation includes tools for extracting content from large PDF repositories and using Generative AI (GenAI) to create helpful search features such as thumbnails of PDFs, summaries of pages within each PDF, and extraction of other important metadata such as file names and categorization. PDF Data Capture is a further example of HawkSearch’s focus on GenAI capabilities within its Smart Response suite. This innovation reinforces HawkSearch’s commitment to enhancing user experiences with advanced AI-driven tools. By providing detailed responses in addition to search...

COPENHAGEN, Denmark, Dec. 19, 2024 (GLOBE NEWSWIRE) — Ascendis Pharma A/S (Nasdaq: ASND) today announced that YORVIPATH® (palopegteriparatide; developed as TransCon PTH) is now commercially available by prescription in the United States. YORVIPATH is a prodrug of parathyroid hormone (PTH [1-34]), administered once-daily, designed to provide continuous exposure to active PTH over the 24-hour dosing period. It is the first and only medicine approved by the U.S. Food & Drug Administration (FDA) for the treatment of hypoparathyroidism in adults. “Members of our community have shared so many stories of positive changes in their lives while participating in clinical trials of YORVIPATH,” said Patty Keating, Executive Director of the HypoPARAthyroidism Association. “We are thrilled that YORVIPATH is now available in the United States,...

ROCHESTER, NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) — Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced the appointment of Matt Carey to head Business Development and Delivery. Having worked at Syntec Optics previously and returning, Carey brings a wealth of experience and a deep understanding of the Company’s engineering, customer interaction, and operations. In this newly created role, he will oversee the customer sales/program management, engineering, order fulfillment, and shipping teams, fostering a collaborative environment to drive innovation and ensure seamless customer service.Carey’s career at Syntec Optics spans nearly eight years, during...