Posts

WINNIPEG, Manitoba, May 25, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today released its Environmental, Social and Governance (“ESG”) Report for 2021 (“ESG Report” or “Report”), which can be found at https://www.nfigroup.com/esg/.

“As leaders in transportation solutions, NFI plays a critical role in driving tangible environmental and social impact. Our products and services lower emissions, create economic opportunities, and build healthier communities. NFI’s fourth annual ESG Report demonstrates our impact and the significant growth and maturity in our Company-wide ESG practices,” said Janice Harper, Executive Vice President, People and Culture, NFI. “Throughout 2021, we continued to lead the evolution to zero-emission transportation—what we like to call the ZEvolution^TM—through the launch of six new battery and fuel cell-electric models. NFI now has zero-emission buses and coaches operating or on order, in more than 80 cities, and 2021 saw us expand our zero-emission presence in Ireland, Britain, New Zealand, and Australia. We also accelerated our Company-wide sustainability strategy and roadmap, focused on serving all our stakeholders. This included the hiring of a Sustainability Manager, launching an ESG materiality assessment, and actioning Company-wide diversity, equity, and inclusion initiatives.”

NFI’s ESG Report for 2021 provides updated key performance indicators, highlights for 2021, ESG priorities for 2022, as well as case studies outlining some of the specific projects and initiatives the Company undertook in the year. The Report focuses on the three main components of NFI’s Sustainability Pledge, first adopted in 2006: “Better Product. Better Workplace. Better World”, which guides the Company’s daily actions and long-term planning.

Better Product: Each NFI bus is designed and built for either zero-emissions or fuel efficiency. NFI’s impressive line-up of zero-emission and battery-electric products, as well as telematics and connected technology to monitor performance, demonstrate the Company’s commitment to a sustainable future for all. From 2015 through to the end of 2021, NFI delivered 2,032 EUs zero-emission buses, or ZEBs, that have travelled more than 65 million miles and prevented the emission of billions of pounds of CO₂ into the atmosphere. NFI electric buses were featured at 26th United Nations (“UN”) Conference of the Parties (“COP26”) in Glasgow, Scotland, and NFI also expanded its battery recycling partnership with Li-Cycle Corporation.

Better Workplace: In 2021, NFI engaged an independent third party to conduct a diversity, equity, and inclusion (“DEI”) survey of the organization to assess current state and areas for opportunity; formalized a Human Rights Statement, which includes Freedom of Association; invested $7 million in employee training; and conducted a living wage assessment of the Company’s main transit bus production facilities, which found that 99.78% of employees were at or above the living wage standard in their region. The Company takes pride in being an employer and partner of choice, with a focus on building a respectful, inclusive, and vibrant workplace culture.

NFI’s Board is now 40% female and 80% independent, while the executive leadership team is 21% female. In 2021, the Company implemented a flexible work program, retained eight new team members through its Anniston Workforce Development Program (a national workforce development initiative), and signed onto the American Public Transportation Association’s (“APTA”) Racial Equity Commitment Program.

Better World: NFI is focused on being a responsible corporate citizen and creating positive change for all its stakeholders and their communities. In 2021, NFI submitted its first response to the CDP Climate Change Questionnaire; took part in a social innovation lab focused on Indigenous youth employment in the manufacturing industry; and completed ongoing projects to improve the Company’s operational impact on climate change.

NFI continued its strong relationship with United Way agencies across North America, raising more than $370,000 in 2021. Collectively, NFI has donated more than $3.1 million to the United Way from its workplace campaigns since 2009. NFI was presented with the Spirit of Collaboration award for its partnership with the International Association of Machinists and Aerospace Workers (“IAMAW”) and Unifor during its 2021 workplace campaign.

To develop this Report, NFI consulted with a broad range of external stakeholders on regional and global levels, including key internal departments, customers, suppliers, investors, creditors, and community partners. The Report is published with the approval of NFI’s senior executives and the Board of Directors.

About NFI

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.

With 7,500 team members in nine countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer^® (heavy-duty transit buses), MCI^® (motor coaches), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), ARBOC^® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 105,000 buses and coaches around the world. NFI’s common shares trade on the Toronto Stock Exchange (“TSX”) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.nfi.parts, www.alexander-dennis.com, www.arbocsv.com, and www.carfaircomposites.com.

For sustainability inquiries, please contact:
esg@nfigroup.com

For investor inquiries, please contact:
Stephen King
P: 204.224.6382
Stephen.King@nfigroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b3c809c0-3552-4d6a-ac52-b355631ae3d4

MONTREAL, May 25, 2022 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to announce that it has filed the Initial Project Description for the Troilus Project with the Impact Assessment Agency of Canada (“IAAC”) at the Federal level and the Project Notice with the Ministère de l’Environnement et de la Lutte contre les Changements Climatiques (MELCC) at the Quebec Provincial level. The filing of the Initial Project Description and the Project Notice are the first step in the Environmental and Social Impact Assessments (“ESIA”), approval of which are required under Canadian and Quebec law in order for a mining project to proceed to construction and into production. The ESIA assesses the environmental, social and economic impacts of a proposed mining project and includes extensive consultations with local stakeholders, and in particular First Nations.

Justin Reid, CEO and Director of Troilus commented, “The start of the environmental permitting process moves us another significant step closer to a potential restart of the Troilus mine. The advancement of work on the upcoming Pre-Feasibility Study goes hand-in-hand with the filing of the Initial Project Description and Project Notice since we are now in the position to define with a greater degree of detail and certainty what the Troilus Project could look like in the future. We can now invite stakeholders to provide their input to ensure that any potential future operation meets the expectations of all involved from an environmental and social perspective. We look forward to collaborating with our stakeholders and government regulators as we advance through the environmental permitting process.”

Jacqueline Leroux, Vice President Environment at Troilus added, “Although the filing of the Initial Project Notice and the Project Description mark the first official step in the permitting process, in fact our team has been working hard behind the scenes in preparation for this event for the last couple of years. This has included environmental baseline studies that consider the physical environment and biodiversity around the mine site over the different seasons, pre-consultation sessions with our local communities to identify priority issues and establishing important working relationships with government and community stakeholders. Since Troilus is also a closed mine site, having been in production from 1996 to 2010, we have a unique opportunity to benefit from the experience gained in the past and as we look ahead we can incorporate First Nations knowledge of the land into our planning and design that will help us minimize and mitigate any future environmental impacts.”

At the Federal level, the filing of the Initial Project Notice marks the start of the “Planning Phase”, during which the IAAC will invite members of the public and Indigenous peoples to provide comment on the focus and priorities of the ESIA and contribute to planning. The Planning Phases is expected to take 180 days to complete and will result in a set of guidelines for Troilus to follow in preparing the ESIA. At the Provincial level, MELCC will refer the Initial Project Notice to le Comité d’évaluation des répercussions sur l’environnement et le milieu social (“COMEV”) to assess the Project’s impact and provide guidelines for the ESIA, which are expected within 30 days. Since approval is required at both the federal and provincial level, Troilus will essentially be running a concurrent dual assessment process which will result in two ESIA reports to address the concerns and priorities at each level of government.

Figure 1 – Major Components and Sequence for Permitting a Mine in Quebec: https://www.globenewswire.com/NewsRoom/AttachmentNg/819bd165-27be-40ef-9cab-9a807bc76dd6

About Troilus Gold Corp.

Troilus Gold Corp. is a Canadian-based junior mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. From 1996 to 2010, the Troilus Mine produced +2 million ounces of gold and nearly 70,000 tonnes of copper. Troilus is located in the top-rated mining jurisdiction of Quebec, Canada, where is holds a strategic land position of 1,420 km² in the Frôtet-Evans Greenstone Belt. Since acquiring the project in 2017, ongoing exploration success has demonstrated the tremendous scale potential of the gold system on the property with significant mineral resource growth. The Company is advancing engineering studies following the completion of a robust PEA in 2020, which demonstrated the potential for the Troilus project to become a top-ranked gold and copper producing asset in Canada. Led by an experienced team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America.

For more information:

Caroline Arsenault
VP Corporate Communications
+1 (647) 407-7123
info@troilusgold.com 

Cautionary Note Regarding Forward-Looking Statements and Information

This press release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding timing of the ESIA process and government approvals, pre-feasibility study, environmental assessments (including the timing of an environmental impact study) and development plans, opportunity to expand the scale of the project,; the development potential and timetable of the project; the estimation of mineral resources; realization of mineral resource estimates; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; success of exploration activities; the anticipated ability of investors to continue benefiting from the Company’s low discovery costs, technical expertise and support from local communities; the timing and amount of estimated future exploration; the ability of the Company to achieve full carbon neutrality now or in the future;; the ongoing impact of the novel coronavirus (COVID-19) and the considerable uncertainties about the geographic, social and economic impact on the Company. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performances or achievements of Troilus to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Troilus will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Troilus to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact the COVID 19 pandemic may have on the Company’s activities (including without limitation on its employees and suppliers) and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on gold and other metals; there being no assurance that the exploration program or programs of the Company will result in expanded mineral resources; risks and uncertainties inherent to mineral resource estimates; the high degree of uncertainties inherent to preliminary economic assessments and other mining and economic studies which are based to a significant extent on various assumptions; variations in gold prices and other precious metals, exchange rate fluctuations; variations in cost of supplies and labour; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry, including without limitation, risks and uncertainties discussed in the Technical Report and in other continuous disclosure documents of the Company available under the Company’s profile at www.sedar.com. Although Troilus has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Troilus does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

Launches new Organizational Purpose Statement and Discloses Commitment to GISTM

(All amounts expressed in U.S. Dollars unless otherwise stated)

TORONTO, May 25, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) today released its 2021 Responsible Gold Mining Report (the “Report”), which is the Company’s most comprehensive Environmental, Social and Governance (“ESG”) disclosure to date. The Report can be found on the Company’s website at www.torexgold.com.

The Report highlights the Company’s new organizational purpose statement: ‘To transform finite mineral resources into lasting prosperity by positively impacting all the lives we touch.’ It also confirms the Company’s commitment to fully implement the new Global Industry Standard on Tailings Management (GISTM).

Jody Kuzenko, President & CEO of Torex, stated:

“I am pleased that this Report marks the first public disclosure of our organizational purpose statement, which was developed after much careful thought to choose the words that embody what we stand for as a Company. From our earliest days, we built our operation in Guerrero with a view to running a business that was certainly about generating profit – but also about minimizing our environmental footprint, building trust and partnership with local communities, creating prosperity for those who share stakes in Torex and fostering lasting economic development through community infrastructure and improvement initiatives.

“With the development of Media Luna and growth ambitions ahead of us, we will increase the positive impact we are making in Mexico and beyond and continue to demonstrate what responsible gold mining looks like.”

Jennifer Hooper, Chair of the Safety and Corporate Social Responsibility Committee of the Torex Board of Directors, stated:

“At Torex, we have truly embedded ESG governance throughout our organization, from the Board of Directors and our Executive Team, through to operations management and our front-line employees. Operating responsibly is at the core of who we are, and a condition of employment at all levels of the business. We recognize that responsible and sustainable mining starts with the Board of Directors, and we consistently look for ways to incorporate evolving ESG best practices to continuously improve our performance and to sustain our reputation as an industry leader when it comes to mining responsibly.”

2021 RESPONSIBLE GOLD MINING REPORT HIGHLIGHTS

• Industry-leading safety performance, with only one lost time injury in 2021 and a lost time injury frequency as at the end of 2021 of 0.14 per million hours worked for our employees and contractors;

• Zero reportable environmental incidents;

• Continued implementation of our Community Development Agreements (CODECOPs) in partnership with 11 host communities, with $4.1M directly invested in community development and infrastructure projects;

• 99% employees from Mexico with 61% from Guerrero State;

• 90% of procurement spend in Mexico; approximately $75 million in procurement within Guerrero State;

• Completed Year 1 implementation of the requirements of the World Gold Council Responsible Gold Mining Principles (RGMPs), including a public RGMPs Progress Report that was independently assured;

• Became a signatory to the International Cyanide Management Code (ICMC), and formally adopted the Global Industry Standard on Tailings Management (GISTM);

• Received the ESR® 2022 Distinction from the Mexican Center for Philanthropy (CEMEFI) and the Alliance for Corporate Social Responsibility in Mexico (AliaRSE) for the fourth consecutive year, for our public and voluntary commitment to implement socially responsible management at our operations in Mexico;

• Recognized by major Canadian and international media for our ESG performance, including receipt of the 2021 Mining Magazine Safety Award for safety excellence, and selection as an honouree on the Globe and Mail “Women Lead Here” list in recognition of the high proportion of women on our executive team;

• Improved significantly on scoring from key ESG ratings agencies from 2020 to 2021 due to ongoing improvements on disclosure, including ISS, MSCI, Sustainalytics, Refinitiv and S&P Global as well as improvement on our 2021 CDP Climate Change Questionnaire.

The Company’s 2021 Responsible Gold Mining Report was prepared in accordance with the Global Reporting Initiative (“GRI”) Standards (Core option) and the Sustainability Accounting Standards Board (“SASB”) Metals and Mining Sustainability Accounting Standard. It also includes energy and climate-related data aligned with the Phase 1 recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

ABOUT TOREX GOLD RESOURCES INC.
Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City. The Company’s principal asset is the Morelos Complex, which includes the El Limón Guajes (“ELG”) Mining Complex, Media Luna Project, processing plant and related infrastructure. Commercial production from the Morelos Complex commenced on April 1, 2016 and an updated Technical Report for the Morelos Complex was released in March 2022. Torex’s key strategic objectives are to extend and optimize production from the ELG Mining Complex, de-risk and advance Media Luna to commercial production, build on ESG excellence, and to grow through ongoing exploration across the entire Morelos Property.

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOREX GOLD RESOURCES INC.

Jody Kuzenko President and CEO Direct: (647) 725-9982 jody.kuzenko@torexgold.com

Dan Rollins Vice President, Corporate Development & Investor Relations Direct: (647) 260-1503 dan.rollins@torexgold.com

CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION
This press release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the purpose statement to transform finite mineral resources into lasting prosperity by positively impacting all the lives we touch; the Company’s commitment to fully implement the new GISTM; and the key strategic objectives to extend and optimize production from the ELG Mining Complex, de-risk and advance Media Luna to commercial production, build on ESG excellence, and to grow through ongoing exploration across the entire Morelos Property. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “strategy” or variations of such words and phrases or statements that certain actions, events or results “will”, or “is expected to” occur. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks and uncertainties associated with: skarn deposits, ability to obtain the timely supply of services, equipment and materials for the operation of the ELG Mine Complex and the design, development and construction of the Media Luna Project; the regulatory process and actions; ability to finance the Media Luna Project on reasonable terms, and those risk factors identified in the technical report (“Technical Report”) titled ELG Mine Complex Life of Mine Plan and Media Luna Feasibility Study, with an effective date of March 16, 2022, and a filing date of March 31, 2022 and in the Company’s annual information form and management’s discussion and analysis or other unknown but potentially significant impacts. Notwithstanding the Company’s efforts, there can be no guarantee that the Company’s COVID-19 mitigation measures will be effective. Forward-looking information is based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.

COVINGTON, La., May 24, 2022 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq:POOL) announced today that it has published its inaugural Corporate Responsibility Report. POOLCORP’s 2021 Corporate Responsibility Report outlines the company’s approach to managing environmental, social and governance (ESG) matters and highlights its commitment to conducting its business in an ethical, environmentally-friendly, socially-responsible and sustainable manner.

“Pool Corporation has embraced ESG principles as a core element of its operating culture for many years. We seek to exemplify our core values in how we operate our business, care for our employees, support our communities and minimize our impact on the environment. The publishing of our inaugural Corporate Responsibility Report is an important milestone for our company. It reflects our dedication to continuous improvement of responsible, sustainable business practices and reinforces our commitment to create long-term value for our shareholders. We look forward to sharing our progress in future reports as we continue to grow and develop these principles and further incorporate them into our daily operations,” commented Peter D. Arvan, president and CEO.

Please visit http://poolcorp.com/responsibility to view POOLCORP’s 2021 Corporate Responsibility Report.

About Pool Corporation
Pool Corporation is the world’s largest wholesale distributor of swimming pool and related backyard products. POOLCORP operates approximately 415 sales centers in North America, Europe and Australia through which it distributes more than 200,000 national brand and private label products to roughly 120,000 wholesale customers. For more information about POOLCORP, please visit www.poolcorp.com.

Forward-Looking Statements
This release may include “forward-looking” statements that involve risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including impacts on our business from the COVID-19 pandemic and the extent to which home-centric trends will continue, accelerate or reverse, the sensitivity of the swimming pool supply business to weather conditions and other risks detailed in POOLCORP’s 2021 Form 10-K, Quarterly Reports on Form 10-Q and other reports and filings with the Securities and Exchange Commission (SEC).

CONTACT:

Curtis J. Scheel
Director of Investor Relations
985.801.5341
curtis.scheel@poolcorp.com

The Flywire Charitable Foundation launches new category of environmental sustainability for students committed to addressing climate crisis

Third annual program will award eight scholarships through educational institutions to global students

BOSTON, May 24, 2022 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments enablement and software company, announced that The Flywire Charitable Foundation has launched its third annual scholarship program, which will recognize students who excel in the academic disciplines of social justice, global health, global citizenship as well as the new category of environmental sustainability. Applications, which are administered by the Flywire Charitable Foundation, are available immediately through June 17th, 2022 to all undergraduate and graduate students from all over the world.

Students can apply to scholarships by following this link: Apply Now

“Last year, we awarded scholarships to students from all over the world, who were recognized for their outstanding contributions to their academic fields of interest,” said Mike Massaro, Flywire CEO. “We’re proud to officially launch our third annual program and open up new possibilities for additional students. The continued interest in these scholarships underscores the mission of our Foundation to help bridge the access and affordability gap in international education.”

In response to increased demand, Flywire is also expanding its program this year by adding a new category, specifically focused on environmental sustainability. This scholarship is designed for students who are developing innovative solutions to fight climate change and other negative impacts to the planet.

“At Flywire, environmental sustainability is a core pillar of our overall Environmental, Social, and Governance (ESG) strategy and we continue to deepen our focus on the issue,” continued Massaro. “As a broader society, we’re just scratching the surface of the innovation required to sustain a healthy planet. By offering a new scholarship dedicated to environmental sustainability, we aim to empower the next generation of students with resources to research and develop solutions that help reverse the effects of climate change and create a safer planet for all of us.”

The Flywire Charitable Foundation 2022 scholarships are available to students studying in the following academic fields:

• Social Justice

  As social justice issues, including but not limited to anti-LGBTQ+ legislation, religious persecution, sexism, racism and sexual violence, continue to dominate the world news, the need for significant social justice reform has only increased. These scholarships will be awarded to tomorrow’s leaders who are committed to eradicating racism, violence, systemic biases and other acts of intolerance.

• Global health
  
  As individuals and communities around the world continue to overcome the challenges of a global pandemic, it’s clear that there is a strong need for innovative approaches to improve global health. These scholarships will be awarded to students who are committed to improving health outcomes and quality of life for individuals all over the world.

• Global citizenship
  
  As global conflicts have escalated across the world stage, this year has uncovered the importance of elevating humanity when addressing challenges across social, political, and economic issues. Scholarships in this category will be awarded to students who embody their own definition of being a global citizen with the purpose of making a positive impact on their community and the world.

• Environmental sustainability:

  The most critical resource that we have is a healthy planet, yet the ongoing threats to environmental health continue to endanger our livelihood. Scholarships in this category will be awarded to students who are actively fighting climate change and other risks to our planet in order to create a more sustainable environment for all future generations.

The Flywire Charitable Foundation is focused on improving individuals’ access to quality education, healthcare and other important life experiences, wherever they are in the world. The scholarship program, which is in its third year, was designed to help students and their families better manage costs associated with higher education.

Apply for a Flywire Charitable Foundation academic scholarship today: Apply Now

Resources

• To learn more about The Flywire Charitable Foundation, visit: The Flywire Charitable Foundation
• To learn more about Flywire’s Environmental, Social and Governance strategy please visit: Flywire.com/company/esg
• To learn more about Flywire’s digital payment solutions for education, healthcare, travel and B2B visit: Flywire.com

About Flywire

Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.

Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

Flywire supports more than 2,700 clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on Twitter, LinkedIn and Facebook.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our future operating results and financial position, our business strategy and plans, market growth and trends, and our objectives for future operations. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, Flywire’s future financial performance, including its expectations regarding our revenue, cost and operating expenses, including changes in technology and development, selling and marketing and general and administrative expenses (including any components of the foregoing), gross profit and Flywire’s ability to achieve, and maintain, future profitability; Flywire’s business plan and its ability to effectively manage its growth; Flywire’s market opportunity, including estimates regarding its total addressable payment volume; Flywire’s cross-border expansion plans and ability to expand internationally; anticipated trends, growth rates, and challenges in Flywire’s business and in the markets in which it operates; the sufficiency of Flywire’s cash and cash equivalents to meet its liquidity needs; political, economic, legal, social and health risks, including the recent COVID-19 pandemic and subsequent public health measures that may affect Flywire’s business or the global economy; beliefs and objectives for future operations; Flywire’s ability to develop and protect its brand; Flywire’s ability to maintain and grow the payment volume that it processes; Flywire’s ability to further attract, retain, and expand its client base; Flywire’s ability to develop new solutions and services and bring them to market in a timely manner; Flywire’s expectations concerning relationships with third parties, including strategic partners; the effects of increased competition in Flywire’s markets and its ability to compete effectively; future acquisitions or investments in complementary companies, products, services, or technologies; Flywire’s ability to enter new client verticals, including its relatively new B2B sector; Flywire’s expectations regarding anticipated technology needs and developments and its ability to address those needs and developments with its solutions; Flywire’s expectations regarding litigation and legal and regulatory matters; Flywire’s expectations regarding its ability to meet existing performance obligations and maintain the operability of its solutions; Flywire’s expectations regarding the effects of existing and developing laws and regulations, including with respect to payments and financial services, taxation, privacy and data protection; economic and industry trends, projected growth, or trend analysis; Flywire’s ability to attract and retain qualified employees; Flywire’s ability to maintain, protect, and enhance its intellectual property; Flywire’s ability to maintain the security and availability of its solutions; the future market price of Flywire’s common stock; and other factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Prospectus and Flywire’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, both of which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/.

Media Contacts
Sarah King
Sarah.King@Flywire.com

Prosek Partners
pro-flywire@prosek.com

Investor Relations Contact:
ICR
flywireir@icrinc.com

Williams Companies: We Make Clean Energy Happen

Read the Entire Article Online

SAN FRANCISCO, May 24, 2022 (GLOBE NEWSWIRE) -- Williams (NYSE: WMB) is a FORTUNE 500 investment grade corporation and a leader in clean energy infrastructure. Williams handles 30% of the country’s natural gas, and it owns and operates infrastructure that safely and reliably delivers the natural gas that is used every day to affordably heat our homes, cook our food and generate our electricity. As the world moves to a low-carbon future, Williams is well-positioned to leverage its natural gas-focused strategy while continuing to deliver consistently stable returns for shareholders. With operations across the natural gas value chain spanning the United States, Williams is one of the largest natural gas providers to the growing global market for liquefied natural gas (LNG) exports.

Advisor Access spoke with Williams’ president and CEO, Alan Armstrong, about the company’s business strategy, plans for future growth, financial strength and focus on environmental, social and governance (ESG) matters.

Advisor Access: Can you tell us a bit about Williams’ business model?

Armstrong: At Williams, our vision is to provide the best transport, storage and delivery solutions for reliable, low-cost, low-carbon energy. Our midstream assets serve critical demand sectors, such as residential and commercial natural gas utilities, power generation, industrial facilities and LNG exports.

Our strategy is primarily driven by natural gas demand. Most of our customer contracts involve either fee-based earnings or long-term take-or-pay commitments for transmission pipeline capacity, which creates reliable and stable earnings. We are well-protected from downside risk presented by fluctuating commodity prices and rising inflation, yet we are well-positioned to capture upside exposure in a strong natural gas environment.

We have the largest natural gas focused portfolio among U.S. midstream competitors, and our intense focus on our natural gas-based strategy has built a business that is steady and predictable with continued growth, improving returns and free cash flows.

Click to view the Williams Investor Fact Sheet
Click to Visit the Corporate Website

AA: Why is a natural gas focused strategy so important to you?

Armstrong: We continue to believe in the importance of natural gas to serve growing demand for low-carbon energy across the world, and we see a robust demand outlook ahead that underpins our growth strategy. Natural gas has been, and will continue to be, a cornerstone of our nation’s prosperity in the 21st century as it has driven significant reductions in U.S. CO₂ emissions, lowered consumers’ utility bills and paved the way for investment in renewables.² Natural gas is affordable, reliable and has a cleaner emissions profile than other traditional energy sources making it a key fuel choice to meet future energy demand around the world.

AA: Williams has an expansive footprint, and it is well-positioned to capture growing natural gas demand. Can you tell us a bit about your company’s growth outlook?

Armstrong: Our natural gas transmission pipelines are ideally positioned near densely populated areas and along U.S. Gulf Coast LNG export facilities. This strategic positioning provides us with opportunities to benefit from both domestic and international natural gas demand growth. As of May 2022, we are executing on six unique transmission expansion projects totaling 1.9 billion cubic feet/day (Bcf/d) and are pursuing a backlog of an additional ~25 unique transmission project opportunities totaling 10 Bcf/d. Through strong project execution, we continue to bring projects on line, moving backlog projects into execution, and backfilling this backlog with additional opportunities. This is evidenced by the fact that our contracted capacity has more than doubled since 2005, reaching ~24.4 Bcf/d in the first quarter of 2022.

Speaking to international natural gas demand, LNG exports currently present the largest natural gas demand growth outlook in the United States as volumes are expected to more than double through 2035.³ Importantly, all the approved U.S. LNG export facilities are located within our pipeline corridor, creating additional opportunities for expansions on our Transco pipeline.

In addition to increased opportunities for transmission pipelines to meet growing demand, we also see a growth trajectory for our Gathering and Processing (G&P) and Deepwater Gulf of Mexico businesses. In our G&P business, we are active in 14 geographically diverse supply areas led in scale by Appalachia, the largest and most economic U.S. natural gas basin. Since 2005, our gathering volumes increased over 4x, reaching ~15.1 Bcf/d in the first quarter of 2022. We have an unmatched competitive position in the Deepwater Gulf of Mexico and are seeing continued drilling activity near our infrastructure. We are also executing on six deepwater expansion projects that are expected to approximately double Deepwater Gulf of Mexico annualized Adjusted EBITDA by 2025. The robust natural gas demand outlook we see today will drive additional volumes through our G&P and Deepwater Gulf of Mexico assets.

AA: Williams has continued to strengthen its balance sheet while increasing earnings. Given your strong financial position, how do you plan to return value to shareholders?

Armstrong: In 2021, we achieved our long-term leverage ratio target, and consequently, received improved credit ratings. This was driven by record earnings and annual Adjusted EBITDA growth for the 9th consecutive year. Given our healthy balance sheet, financial flexibility and excess cash flow generation, we recently announced the following capital allocation priorities:

1. Balance Sheet Strength: Protect our investment-grade credit ratings
2. Dividends: Preserve the dividend and increase annually in line with EBITDA growth
3. Reinvest: Invest capital toward traditional gathering, processing and transmission growth projects with high returns
4. Emissions Reduction Program and Renewables: Invest in our emissions reduction projects while generating a regulated return, and allocate capital toward New Energy Ventures
5. Financial Flexibility: Allocate excess cash toward lowering debt, stock buybacks and/or strategic acquisitions

AA: Williams has paid a quarterly dividend since 1974. Can you discuss why the dividend is important to Williams? How would you describe your dividend policy to shareholders?

Armstrong: Williams is committed to delivering shareholder value. Our long-standing dividend commitment remains important to Williams’ executive management and Board of Directors. It is top of our capital allocation priorities list, along with maintaining investment-grade credit ratings. When looking forward to our 2022 dividend expectations, we plan to pay an annualized dividend of $1.70 per share, an increase of 4% over 2021, pending Board approval. Our current dividend policy is to continue to grow the dividend in pace with annual EBITDA growth, while maintaining strong dividend coverage. Our 2022 dividend coverage ratio expectation is 2.22x. I’ll also point out that a portion of our quarterly distributions may be considered return of capital for tax purposes. Additional information regarding return of capital distributions is available on Williams’ Investor Relations website.

AA: Williams was the first North American midstream company to set aggressive climate targets, and it is at the forefront of the transition to a low-carbon fuel future. Can you explain your emissions reduction goal and how you plan to get there? 

Armstrong: In 2020, we announced our climate commitment, setting a 2030 goal to reduce our company-wide scope 1 and scope 2 greenhouse gas emissions on an absolute basis by 56%, based on our 2005 levels. So far, we have made a 47% absolute reduction in our emissions, so we are well on our way to meeting our goal. By setting a near-term goal for 2030, we plan to leverage our natural gas-focused strategy and technology that is available today to reduce emissions, scale renewables and build a clean energy economy. Our 2030 goal puts us on a trajectory for net zero carbon emissions by 2050. We are exploring and investing in next generation technologies including hydrogen and carbon capture and storage, and we are leaning into solar and battery technology to help power our own operations. We are excited to continue to show how natural gas infrastructure complements renewables, and to invest in new energy ventures that will keep Williams at the forefront of technological changes within the midstream natural gas industry. For more information, please visit our climate commitment.

AA: What makes Williams a unique investment opportunity?

Armstrong: We are uniquely positioned with exceptional financial strength, flexibility and growth opportunities. Williams remains steadfast in creating long-term shareholder value by maintaining a healthy balance sheet, executing on growth opportunities and protecting the viability of our dividend. Our expansive footprint of energy infrastructure and robust natural gas demand outlook creates ample growth opportunities. We will continue to advance a sustainable, long-term strategy to assure that we remain a relevant player in the energy landscape for years to come.

AA: Thank you, Alan.

¹ Midpoint of our updated 2022 Guidance, issued on May 2nd, 2022
² Statements based on EIA data
³ Source: Wood Mackenzie March 2022 NAGS forecast
⁴ As of February 2022. Source: Data based off 2020 Census estimates

Disclosures

This document contains non-GAAP financial measures, including Adjusted EBITDA and Adjusted Earnings per Share. These non-GAAP financial measures should not be considered in isolation or as substitutes for a measure of performance prepared in accordance with United States generally accepted accounting principles (GAAP). For a full reconciliation of the 2018-2021 non-GAAP financial measures to their nearest GAAP financial measures, please see our 2022 Analyst Presentation, dated 02/22/22. For a full reconciliation of the 2022 financial guidance, please see our first-quarter 2022 earnings press release, dated 05/02/22. Both can be found under the Investor Relations tab of our website.

This document may contain or incorporate by reference statements that do not directly or exclusively relate to historical facts. Such statements are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act). These forward-looking statements relate to anticipated financial performance, management’s plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions, and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on numerous assumptions, uncertainties, and risks that could cause future events or results to be materially different from those stated or implied in this document. Many of the factors that will determine these results are beyond our ability to control or predict. Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, we caution investors not to unduly rely on our forward-looking statements. We disclaim any obligations to and do not intend to update the policy list of specific factors that could cause actual results to differ from results contemplated by the forward-looking statements. Nor do we intend to announce publicly the result of any revisions to any of the forward-looking statements to reflect future events or developments. For a detailed discussion of our forward-looking statements and other risk factors that may cause actual result to differ materially from those contained in forward-looking statements, please see our most recent annual report on Form 10-K filed with the SEC as updated in reports filed with the SEC, which are located under the Investor Relations tab of our website. Williams has paid Advisor Access a fee to distribute this press release. Williams had final approval of the content, and Advisor Access is not responsible for any reliance on the statements contained herein.

ABOUT ADVISOR ACCESS

Advisor-Access LLC was designed to bring compelling investment ideas to investors in the form of in-depth interviews with company management and the latest fact sheets and corporate presentations, in a concise format: the critical pieces of information an investor needs to make an informed investment decision. Read the Advisor-Access Full Disclosure Online.

CONTACT: Contact:
Advisor Access
Rick Baggelaar
Rick@advisor-access.com

JACKSONVILLE, Fla., May 24, 2022 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency” or the “Company”) (Nasdaq: REG) today announced the release of its annual Corporate Responsibility Report. The report highlights Regency’s 2021 environmental, social, and governance achievements and future commitments, and underscores its commitment to transparency in these crucial areas. The report can be found on the Corporate Responsibility page of Regency’s website.

“Corporate responsibility is embodied throughout our organization and is the lens through which we approach our business and make day-to-day decisions,” said Lisa Palmer, President and Chief Executive Officer. “We have made great progress on our ESG initiatives over time, though there is still room to improve and elevate our commitments. I look forward to continue building on the momentum we’ve created.”

Key highlights from the 2021 Corporate Responsibility Report:

• Continued progress on its multi-year diversity, equity, and inclusion (DEI) strategy
• Developed its first two employee resource groups (ERGs) to further DEI progress
• Launched WorkFlex, the Company’s flexible work location policy
• Together with its employees, contributed approximately $1.4 million to charitable causes
• Demonstrated respect for local culture and the Company’s values through property rebranding initiatives
• Continued to refresh its Board of Directors through careful, thoughtful succession planning
• Exceeded its goals for greenhouse gas (GHG) emissions reduction, energy efficiency, and waste management
• Received endorsement by the Science Based Targets initiative (SBTi) for its short-term (2030) GHG emissions reduction target
• Set a long term (2050) target to achieve net zero emissions
• Achieved the highest score of “1” in each of ISS’ QualityScore categories
• Awarded a GRESB Green Star for the seventh consecutive year
• Recognized for the third year on Newsweek’s Most Responsible Companies List, ranked top 100
• Recognized among the “Best Places to Work” by the Jacksonville Business Journal

Regency’s Future Commitments:

Regency remains focused on each of its four corporate responsibility pillars and aims to set goals that provide transparency and accountability. With its 2021 goals met or exceeded, Regency is reshaping its strategy and refining its commitments. For example, the 2021 Corporate Responsibility Report introduces new short-and-long-term goals to advance Regency’s environmental sustainability efforts, specifically to deepen the Company’s commitments to reduce its carbon footprint. The new goals include a commitment to reduce the Company’s Scope 1 and 2 GHG emissions by 28% by 2030 from a 2019 baseline year, endorsed by the SBTi, and a long-term goal to achieve net-zero Scope 1 and 2 GHG emissions across all operations by 2050. Other new or refined environmental goals include commitments around energy efficiency, renewable energy, water consumption, waste management, and electric vehicle charging stations at the Company’s shopping centers. The 2021 report also introduces new goals within the Company’s other three corporate responsibility pillars: Our People, Our Communities, and Ethics & Governance.

About Regency Centers Corporation (Nasdaq: REG)

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com.

Certain statements in this report may be “forward-looking statements.” These statements are based on the current expectations of Regency Centers and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results, goal achievement or occurrences. Actual results, achievement of goals and financial condition may differ materially from those anticipated or expected from or represented by these statements due to a variety of factors, including, among others, socio-demographic and economic trends, energy prices, technological innovations, climate-related conditions and weather events, legislative and regulatory changes and other unforeseen events or conditions, the potential impacts of climate change on our business and our ability to mitigate them, and the precautionary statements included in Regency Centers’ filings with the Securities and Exchange Commission (SEC). Any forward-looking statements made by or on behalf of Regency Centers speak only as to the date they are made, and Regency Centers does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. In addition, while this report describes potential future events that may be significant, the significance of those potential events should not be read as equating to materiality as the concept is used in Regency Centers’ filings with the SEC.

Christy McElroy
904 598 7616
ChristyMcElroy@RegencyCenters.com

SAN CARLOS, Calif., May 24, 2022 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today published its 2021 Corporate Responsibility & Sustainability Report.

“I’m proud of the efforts and commitments we have made towards building a more inclusive and sustainable company and society,” said Raul Vazquez, Oportun’s Chief Executive Officer. “We continue to promote a diverse workforce and inclusive culture, and we have vastly expanded our capacity to serve our mission of financial empowerment and inclusion.”

Highlights of the report include:

• Helping more than 1 million people begin building a credit score
• More than $3,000 set aside annually per-person for rainy days and other purposes by Digit members
• Donating 1% of the company’s annual net profits through donations to support charitable and nonprofit organizations, with the majority of funds going to support communities of color
• The majority of Oportun leadership, including the Oportun Board of Directors, self-report as women or members of a historically underrepresented group
• Reducing our carbon footprint by purchasing 7,240 tonnes of carbon offsets
• Reducing 20,488 pounds of CO₂ emissions from e-waste and recycling initiatives

Click here to view the full report.

About Oportun
Oportun (Nasdaq: OPRT) is an A.I.-powered digital banking platform that seeks to make financial health effortless for anyone. Driven by a mission to provide inclusive and affordable financial services, Oportun helps its nearly 1.7 million hardworking members meet their daily borrowing, savings, banking, and investing needs. Since inception, Oportun has provided more than $13 billion in responsible and affordable credit, saved its members more than $2.2 billion in interest and fees, and automatically helped members set aside more than $7.6 billion for rainy days and other needs. In recognition of its responsibly designed products, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009.

Investor Contact
Dorian Hare
(650) 590-4323
ir@oportun.com

Media Contact
George Gonzalez
(650) 769-0441
george.gonzalez@oportun.com

An infographic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/08834558-56f2-4704-9fee-715bd86c2e7f

Driving performance and sustainability initiatives to reach ambitious goals

MACAU, May 24, 2022 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has published its fourth sustainability strategy RISE to go Above & Beyond (link). Through maintaining four key material topics that underpin Melco’s sustainability commitment, including “Restoring our World”, “Inspiring our Communities”, “Sustaining our Supply Chain” and “Empowering our Business”, the strategy drives performance and sustainability initiatives to help the Company reach its ambitious goals.

Mr. Lawrence Ho, Chairman and CEO of Melco Resorts and Entertainment, said, “Melco has continued to rise beyond continuing pandemic challenges and in ways that have indeed accelerated our sustainability efforts in 2021. From colleagues to suppliers and partners, the Company is strengthening its actions to collectively address longer-term critical issues, including societal health, climate change and innovation. We continue to be determined to emerge from this pivotal moment in time, not as we were before, but by being more deeply aware of the needs of the world around us, and more purposeful in how business can meet those needs.”

Initiatives and achievements highlighted in RISE to go Above & Beyond include:

• Keeping colleagues and communities safe, healthy and supported remained central to Melco’s operations. In-house mental wellness seminars were launched, colleagues and guests were offered healthy and sustainable food options, and the continued success of campaigns to support community needs and promote the prosperity of small and medium enterprises (SMEs) was noted.
• Over US$2 million Get the Jab immunity incentive program for colleagues motivated more than 95% of its global workforce to get vaccinated.
• Becoming the first and only integrated resort operator to achieve the esteemed responsible gaming (RG) accreditation, RG Check, across its global portfolio.
• A comprehensive review of Melco’s operations and supply chain to establish a roadmap to decarbonization was launched, mapping out actions to help neutralize greenhouse gas emissions from business activities, together with a confirmed system to measure and transform data into actionable insights to empower change throughout the Company’s value chain.
• The disclosure of Scope 3 emissions from two categories – Downstream Leased Assets and Fuel-and Energy-Related Activities (FERA) has been introduced in this year’s GHG reporting. Melco is continuing its assessment to identify and quantify significant indirect emissions and will disclose Scope 3 emissions from additional sources going forward.
• The Company has also begun to assess climate-related risks and opportunities across its portfolio and is committed to implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Moving forward, Melco will be conducting a scenario analysis, using the TCFD recommendations as a guide, expanding the Company’s efforts to address climate mitigation and adaptation measures.
• Retaining its score of A- in climate-related supplier engagement strategy with the CDP.
• Through sustainable sourcing, progressing ahead of the Company’s 2030 target by achieving 100% of bed and bath linen procured with OEKO-TEX®- certified cotton. Additionally, in 2021, Melco sourced 92% of all chemicals in the Green and Amber categories, progressing in advance of its 2025 target.
• The continual success of Melco’s Simple Acts of Kindness initiative, which reached out to over 1,300 NGOs, associations, schools, nurseries, governmental departments and SMEs with the help of over 16,000 volunteer participants in 2021.
• Over US$950,000 worth of additional revenue for local SMEs was generated in 2021 through Melco’s Heart-of-House Roadshows that provided rent-free space for SMEs to sell directly to Melco colleagues.
• Studio City Phase 2 and City of Dreams Mediterranean were both recognized by the trusted mark of sustainability, BREEAM, with ‘Excellent’ environmental ratings at the design stage and a ‘Regional Award, Asia’ for Studio City Phase 2.
• Partnership with Winnow and the London School of Economics and Political Science enabled AI technology to help reduce food waste by 35% in employee dining rooms over a five-month study period.

About Melco Resorts & Entertainment Limited

The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is expected to be the largest and premier integrated destination resort in Europe. The Company is currently operating a temporary casino, the first authorized casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will continue to operate the satellite casinos while operation of the temporary casino will cease. For more information about the Company, please visit www.melco-resorts.com.

The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com