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Srinagar, Dec 8: National Conference Sunday expressed concern regarding the proposed increase in Goods and Services Tax (GST) on traditional Kashmiri products, saying the move has raised alarm within the textile and apparel industry in Kashmir. Calling on the Government of India to reconsider its GST strategy in order to safeguard the industry and the livelihoods it sustains, Party Chief Spokesperson and MLA Zadibal Tanvir Sadiq emphasised that these products serve as the backbone of Kashmir’s economy and cultural heritage. “The increase in GST rates will place a heavy burden on local artisans and traders, jeopardizing their livelihoods and reducing the attractiveness of Kashmiri products in the global market. It is alarming to propose higher taxes during a period of economic instability characterized by inflation and stagnant growth,” he said. Tanvir criticised the proposed hike, stating that it reflects a lack of understanding of Kashmir’s economic realities. He emphasised the importance of balancing revenue needs with social equity for the workforce, warning of severe consequences if this balance is not maintained. Tanvir urged the government to reconsider the hike in order to protect the interests of the Kashmir handicrafts industry.BEIJING, Dec. 12, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced its unaudited financial results for the third quarter of 2024. Third Quarter 2024 Highlights 1 Net revenues were RMB59.6 million (US$8.5 million), compared with net revenues of RMB45.1 million in the third quarter of 2023. Gross margin was 60.9%, compared with 54.1% in the third quarter of 2023. Net loss was RMB17.4 million (US$2.5 million), compared with net loss of RMB72.9 million in the third quarter of 2023. Net loss as a percentage of net revenues was negative 29.2% in the third quarter of 2024, compared with negative 161.6% in the third quarter of 2023. Adjusted net loss 2 (non-GAAP) , which excluded share-based compensation expenses of RMB11.7 million (US$1.7 million), was RMB5.7 million (US$0.8 million), compared with adjusted net loss (non-GAAP) of RMB53.7 million in the third quarter of 2023. Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 9.5% in the third quarter of 2024, compared with negative 119.1% adjusted net loss (non-GAAP) as a percentage of net revenues in the third quarter of 2023. First Nine Months 2024 Highlights Net revenues were RMB152.6 million (US$21.7 million), compared with net revenues of RMB123.6 million in the first nine months of 2023. Gross margin was 37.3%, compared with 48.6% in the first nine months of 2023. Net loss was RMB129.2 million (US$18.4 million), compared with net loss of RMB213.3 million in the first nine months of 2023. Net loss as a percentage of net revenues was negative 84.6% in the first nine months of 2024, compared with negative 172.6% in the first nine months of 2023. Adjusted net loss (non-GAAP) , which excluded share-based compensation expenses of RMB38.2 million (US$5.5 million), was RMB90.9 million (US$13.0 million), compared with adjusted net loss (non-GAAP) of RMB146.3 million in the first nine months of 2023. Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 59.6% in the first nine months of 2024, compared with negative 118.3% of adjusted net loss (non-GAAP) as a percentage of net revenues in the first nine months of 2023. Mr. Andy Liu, Founder, Chairman and Chief Executive Officer of the Company commented, “In the third quarter of 2024, we have continued our business progress and have seen consistent growth in school subscribing to our teaching and learning SaaS offerings under subscription model. This is a strong testimony in the value of our offerings and creates a clear growth path into the future.” “We continue to evolve our teaching and learning SaaS solutions and expand customer base to improve efficiency through digital means, ensuring high-quality development and fostering growth in the school-based procurement,” he added. Mr. Michael Du, Director and Chief Financial Officer of the Company commented, “During the quarter, our teaching and learning SaaS business saw revenue growth compared to the same quarter last year. As we enhance operating efficiency, net loss on a GAAP basis continued to narrow for the past three consecutive quarters. As our SaaS billing model is maturing, we achieved significant progress with a remarkable growth rate that outpaces the overall revenue growth.” Third Quarter 2024 Unaudited Financial Results Net Revenues Net revenues for the third quarter of 2024 were RMB59.6 million (US$8.5 million), representing a year-over-year increase of 32.2% from RMB 45.1 million in the third quarter of 2023. This was mainly due to the increased number of teaching and learning SaaS contracts and the recurring revenue generated from on-going projects. Cost of Revenues Cost of revenues for the third quarter of 2024 was RMB23.3 million (US$3.3 million), representing a year-over-year increase of 12.5% from RMB20.7 million in the third quarter of 2023, which was mainly due to the increase in project deliveries for our teaching and learning SaaS offerings during the quarter. Gross Profit and Gross Margin Gross profit for the third quarter of 2024 was RMB36.3 million (US$5.2 million), compared with RMB24.4 million in the third quarter of 2023. Gross margin for the third quarter of 2024 was 60.9%, compared with 54.1% in the third quarter of 2023. Total Operating Expenses The following table sets forth a breakdown of operating expenses by amounts and percentages of revenue during the periods indicated (in thousands, except for percentages): Total operating expenses for the third quarter of 2024 were RMB58.0 million (US$8.3 million), including RMB11.7 million (US$1.7 million) of share-based compensation expenses, representing a year-over-year decrease of 43.7% from RMB103.1 million in the third quarter of 2023. Sales and marketing expenses for the third quarter of 2024 were RMB20.2 million (US$2.9 million), including RMB1.9 million (US$0.3 million) of share-based compensation expenses, representing a year-over-year decrease of 27.6% from RMB27.9 million in the third quarter of 2023. This was mainly due to the decrease in the share-based compensation and efficiency improvements in marketing and sales work force and expenses compared with the same period last year. Research and development expenses for the third quarter of 2024 were RMB12.8 million (US$1.8 million), including RMB3.5 million (US$0.5 million) of share-based compensation expenses, representing a year-over-year decrease of 72.2% from RMB45.9 million in the third quarter of 2023. The decrease was primarily due to the decrease in the share-based compensation and efficiency improvements in our research and development work force and expenses. General and administrative expenses for the third quarter of 2024 were RMB25.0 million (US$3.6 million), including RMB6.4 million (US$0.9 million) of share-based compensation expenses, compared with RMB29.2 million in the third quarter of 2023. This was mainly due to the decrease in the office and professional service fees compared with the same period last year. Loss from Operations Loss from operations for the third quarter of 2024 was RMB21.6 million (US$3.1 million), compared with RMB78.7 million in the third quarter of 2023. Loss from operations as a percentage of net revenues for the third quarter of 2024 was negative 36.3%, compared with negative 174.4% in the third quarter of 2023. Net Loss Net loss for the third quarter of 2024 was RMB17.4 million (US$2.5 million), compared with net loss of RMB72.9 million in the third quarter of 2023. Net loss as a percentage of net revenues was negative 29.2% in the third quarter of 2024, compared with negative 161.6% in the third quarter of 2023. Adjusted Net Loss (non-GAAP) Adjusted net loss (non-GAAP) for the third quarter of 2024 was RMB5.7 million (US$0.8 million), compared with adjusted net loss (non-GAAP) of RMB53.7 million in the third quarter of 2023. Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 9.5% in the third quarter of 2024, compared with negative 119.1% of adjusted net loss (non-GAAP) as a percentage of net revenues in the third quarter of 2023. Please refer to the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release for a reconciliation of net loss under U.S. GAAP to adjusted net loss (non-GAAP). Cash and Cash Equivalents and Term Deposit Cash and cash equivalents and term deposit were RMB339.7 million (US$48.4 million) as of September 30, 2024, compared with RMB476.7 million as of December 31, 2023. Conference Call Information The Company will hold a conference call on Wednesday, December 11, 2024 at 8:00 p.m. U.S. Eastern Time (Thursday, December 12, 2024 at 9:00 a.m. Beijing time) to discuss the financial results for the third quarter of 2024. Please note that all participants will need to preregister for the conference call participation by navigating to https://register.vevent.com/register/BIcb0cb8cc902d426b9cbd52d075f15685 . Upon registration, you will receive an email containing participant dial-in numbers, and PIN number. To join the conference call, please dial the number you receive, enter the PIN number, and you will be joined to the conference call instantly. Additionally, a live and archived webcast of this conference call will be available at https://ir.17zuoye.com/ . Non-GAAP Financial Measures 17EdTech’s management uses adjusted net income (loss) as a non-GAAP financial measure to gain an understanding of 17EdTech’s comparative operating performance and future prospects. Adjusted net income (loss) represents net loss excluding share-based compensation expenses and such adjustment has no impact on income tax. Adjusted net income (loss) is used by 17EdTech’s management in their financial and operating decision-making as a non-GAAP financial measure; because management believes it reflects 17EdTech’s ongoing business and operating performance in a manner that allows meaningful period-to-period comparisons. 17EdTech’s management believes that such non-GAAP measure provides useful information to investors and others in understanding and evaluating 17EdTech’s operating performance in the same manner as management does, if they so choose. Specifically, 17EdTech believes the non-GAAP measure provides useful information to both management and investors by excluding certain charges that the Company believes are not indicative of its core operating results. The non-GAAP financial measure has limitations. It does not include all items of income and expense that affect 17EdTech’s income from operations. Specifically, the non-GAAP financial measure is not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and, with respect to the non-GAAP financial measure that excludes certain items under GAAP, does not reflect any benefit that such items may confer to 17EdTech. Management compensates for these limitations by also considering 17EdTech’s financial results as determined in accordance with GAAP. The presentation of this additional information is not meant to be considered superior to, in isolation from or as a substitute for results prepared in accordance with US GAAP. Exchange Rate Information The Company’s business is primarily conducted in China and all of the revenues are denominated in Renminbi (“RMB”). However, periodic reports made to shareholders will include current period amounts translated into U.S. dollars (“USD” or “US$”) using the exchange rate as of balance sheet date, for the convenience of the readers. Translations of balances in the consolidated balance sheets and the related consolidated statements of operations, comprehensive loss, change in shareholders’ deficit and cash flows from RMB into USD as of and for the three months ended September 30, 2024 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB7.0176 representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on September 30, 2024. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on September 30, 2024, or at any other rate. About 17 Education & Technology Group Inc. 17 Education & Technology Group Inc. is a leading education technology company in China, offering smart in-school classroom solution that delivers data-driven teaching, learning and assessment products to teachers, students and parents. Leveraging its extensive knowledge and expertise obtained from in-school business over the past decade, the Company provides teaching and learning SaaS offerings to facilitate the digital transformation and upgrade at Chinese schools, with a focus on improving the efficiency and effectiveness of core teaching and learning scenarios such as homework assignments and in-class teaching. The product utilizes the Company’s technology and data insights to provide personalized and targeted learning and exercise content that is aimed at improving students’ learning efficiency. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about 17EdTech’s beliefs and expectations, are forward-looking statements. 17EdTech may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 17EdTech’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users; its ability to carry out its business and organization transformation, its ability to implement and grow its new business initiatives; the trends in, and size of, China’s online education market; competition in and relevant government policies and regulations relating to China's online education market; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 17EdTech’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 17EdTech does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: 17 Education & Technology Group Inc. Ms. Lara Zhao Investor Relations Manager E-mail: ir@17zuoye.comUS stocks experience mixed fortunes on quiet day of trading
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The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses. The tiny loss ended the benchmark index’s three-day winning streak. The Dow Jones Industrial Average added 0.1% and the Nasdaq composite fell 0.1%. Trading volume was lighter than usual as US markets reopened following the Christmas holiday. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.2%. Meta Platforms fell 0.7%, and Amazon and Netflix each fell 0.9%. Tesla was among the biggest decliners in the S&P 500, finishing 1.8% lower. Some tech companies fared better. Chip company Broadcom rose 2.4%, Micron Technology added 0.6% and Adobe gained 0.5%. Health care stocks were a bright spot. CVS Health rose 1.5% and Walgreens Boots Alliance added 5.3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 3%, Ross Stores added 2.3%, Best Buy rose 2.9% and Dollar Tree gained 3.8%. Traders are watching to see whether retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. US-listed shares in Honda and Nissan rose 4.1% and 16.4% respectively. The Japanese car makers announced earlier this week that the two companies are in talks to combine. All told, the S&P 500 fell 2.45 points to 6,037.59. The Dow added 28.77 points to 43,325.80. The Nasdaq fell 10.77 points to close at 20,020.36. Wall Street also got a labour market update. US applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years, the Labour Department reported. Treasury yields mostly fell in the bond market. The yield on the 10-year Treasury slipped to 4.58% from 4.59% late on Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar.
San Francisco 49ers head coach Kyle Shanahan and quarterback Brock Purdy spoke with reporters after Friday's practice as the team prepares for its Week 14 matchup against the Chicago Bears. Here's everything they said. Transcripts provided by the San Francisco 49ers Communications staff. Head Coach Kyle Shanahan Opening comments: "Injuries for the game: [S] George Odum will be out, [LB Dre] Greenlaw is out, [T] Trent Williams is out, [RB] Jordan Mason is out, [DL] Nick Bosa is doubtful, [LB Demetrius] Flannigan-Fowles, questionable, [OL] Aaron Banks, questionable, [S Talanoa Hufanga] Huf is questionable. Go ahead." Nick being doubtful and not out. Does that mean that he was able to do a little bit more this week? "Yes, he did a little bit more." Does Banks still have steps to take, protocol? "Yes." How did QB Brock Purdy look in practice? I guess it's his first full week back in full participation. What are you expecting out of him? "He is good. We had to wait a while to give him rest to make sure it healed, and we could see that it did at the end of last week and that's why there's no issues last Sunday and it's been great all week. So, glad to get him back to full-speed and get him a full week of practice." What were your thoughts on OL Ben Bartch's first start for you last week? "I thought he did a good job. We were excited to get him to play with us, he hadn't yet. We've had him here for a little bit over a year. For his first game, I thought he did a real good job." I know he had that pretty severe knee dislocation in '22. Was last year a matter of just like building back strength still from that? "I think so a little bit. When we got him, I thought he was pretty good, and we didn't have any injuries and we didn't have a need to play him. But we felt fortunate to get him and he got to learn our offense a little bit and he's been real good here through the offseason." What was assistant head coach/defense Brandon Staley's role this season? How has that developed and have you been happy with what he's added? "Yeah, I think Brandon's done a real good job. He helps us out in all types of areas, works with the nickels probably the most. Real good at helping [defensive coordinator] Nick [Sorensen] with the game plan and stuff like that. Does our ball meeting." Has he helped develop elements of the defense or has it still been mostly the stuff that you've been doing? "I think we have different wrinkles and stuff each year. I wouldn't say that's just Nick. That's stuff we do as a group, but Nick's been a part of that group." What was the nickel plan Sunday in Buffalo? It seemed like you had multiple nickels going throughout the day. "Yeah, we had some injury situations, so we knew [DB Deommodore Lenoir] Dmo couldn't play. So we had a first and second-down nickel and then we had a third-down nickel." First and second-down nickel, is that just a bigger player? Is CB Nick McCloud sort of a bigger nickel? "No, just [CB] Renardo [Green] was a little banged up too. He just had a sore neck from the week before, so we didn't want to put too much inside on him." WR Deebo Samuel Sr.'s numbers, clearly they haven't been there this season. Would you attribute that to just kind of a trickle-down for the whole offense or are there things that he could be doing better? "I think we all could be doing things better, but I think it's more a trickle-down from the whole offense. He hasn't had as many opportunities for the big play. He's had a couple that he just missed, where you hit those and it makes a big difference just in terms of the perception of numbers. But I think it's more trickle-down to the whole offense." There's been in big games, like the playoffs, it's like 'Get Deebo the ball.' You can see that in your head almost sometimes. Have you had the same feelings this season and has it been frustrating not to be able to see him make those big plays? "Yeah, I mean I think it's been frustrating with everything on offense, especially these last few weeks. Would like to get Deebo going more, and hopefully we can find a way to do that here in these next five games." There's been struggles in situational football on both sides of the ball. As a coach, what can you do to kind of emphasize that or get better at that? "Most of it is schematic answers and stuff, which definitely don't want to talk about in here, but that's all you emphasize. Numbers-wise and stuff, you can have some decent numbers, but if your numbers aren't good in situational football you're rarely going to lead to many points. And points are what it takes to win the game. It's the stuff we emphasize all the time, stuff we're trying to get better at, challenging guys at and challenging ourselves schematically, also." You guys, I know you don't want to pay attention to what's being said, but you look at it mathematically, it's tough. You look at the conversation about where the 49ers are. Do you sense the mood or do you want the mood in the locker room to be kind of like denial of that anger or acceptance that this is a tough spot that you're in? "We understand where we're at. We go to work and we practice football. We don't discuss it all week, we don't read all week. I get all that. I understand how the NFL works, I understand what our record is at. We knew coming into this year we were going to have to work to, I didn't feel there right after training camp, I thought we had a chance though to get better as the year went, especially at the beginning of our schedule, which I thought was a lot easier than the second half. I thought we would improve and kind of build that as we went and I was hoping we could be 8-2 when we got to the tough stretch. And I've talked about those three games, which I feel we should have won that we let get away from us, and that got us to 5-5. And then right when we got at the toughest part where I was hoping we would have had some continuity and developed into the team that I thought could really make a run and push some things, that's when we took a, subtracted a lot of guys from us and we're kind of at our toughest spot and that's where we are now which when you don't take advantage of kind of what you had earlier in the year and you are in a tough spot, that's why it makes it extremely hard to get out of. So, like I said earlier in the week, we've got to do some special things to get out of this hole we put ourself in and we understand that. But you know, we can talk about it every day we have to come to a press conference or talk about it outside of here. But when it's with each other, it's how to play better football, how to find a way to get a win. And that usually comes down, it only comes down to playing better football." President of football operations/general manager John Lynch said on the radio today, "You can't get your ass kicked two weeks in a row and not respond." And he wants to see a response that's up to your guys' standards. Do you have any doubt about this team's ability to respond in that way? "Of course we want to respond. We've been on the road two weeks in a row where we've given up over 100-yards rushing in the first half and we've had six turnovers in two games. And when that happens, you're going to get your ass kicked like we did. I want to go out there, I want to stop the run, I want to not turn the ball over. And if that does, we'll have a football game. And if we can get it into a football game, I like our chances of winning and I like our team to do that." Getting back to you saying that you thought that you might be 8-2. Is that something that you do every year? "It's not that. I thought we should have been 8-2. Yeah, we were 5-5 and I believe there were three games that we let get away that we should have won. That doesn't mean that we'd been much of a different team at 8-2 than 5-5, but it's how you improve as the year goes." Do you do that every year? Sort of map out how you think it might go? "No, I didn't. I don't. I didn't really do that this year. I'm just saying, I know where our team's at after training camp and I know where I want to be. And I thought we could get there as it got to a harder part of our schedule and we didn't take advantage of the easier part of our schedule, is what I'm saying, with those three games. And when we did get to it, we weren't in a place to give ourselves some cushion, because I thought we were wounded when we got to the harder part and that was a challenge we put ourself in." What was your level of concern at the end of training camp then with all the injuries and everything that had happened at that point? "I just knew we weren't where I wanted to be, which rarely you are exactly at the beginning of the year. And that's why you play and that's why you get better as it goes and that's what I was planning to do. That's always the goal. We weren't able to consistently do that. It seemed like every time we took a step forward, we took two steps back and that was kind of how it went. And once you lose some close games, ones you think you should have won, that's the difference between being 5-5 at the halfway point and being 8-2 at the halfway point from a record standpoint, not just the overall where your team's at." This season's been such a struggle for a lot of people, but one person seems to have been impervious to it all is TE George Kittle. He's been so productive and upbeat. How important is it to have a leader like him on your team? "That's just George's personality. He's always upbeat. But, I do think he's had a hell of a year. He's been able to stay healthy too. He's missed two games I believe which were obviously tough without him. But I've just been proud of how he's taken care of himself, the way he comes to work every single day. I love being around George and love having him on our team." Former NFL head coach Gary Kubiak was here today. Was it more business or pleasure? He's a guy I'm sure you admire. Do you bend a guy like that's ear and talk football with him? "I mean, not really. I'm close with Kube. I mean, he gave me a big start, gave me my first position job and coordinator job a long time ago. I've known him most of my life and he's here I think visiting his son and his granddaughter and probably it's nice to get out of the house a little bit every once in a while and come watch some football. So he's welcome up here anytime." Did you babysit for him? "Kind of. I wasn't a very good babysitter. So usually when people say that it was more because I was around and my younger sister did it for me." You've been through the gauntlet the last two weeks on the road. You have obviously an opponent coming up that's been struggling. How do you keep the guys motivated and not taking this week lightly? "Because we don't see Chicago any different than these last two teams we've played. I know the record's not the same, but it's a fine line between your record and what a team's capable of. This team was 4-2, would've been 5-2 if they didn't give up a Hail Mary, they had two bad games which led them to 4-4 and then they played three of the best teams in the NFL and lost by a total of seven points. And the film is very real and all you've got to do is have them see the film, which I showed first thing Wednesday morning. That's all you need to get their attention." QB Brock Purdy What is your connection to Samaritan's Purse for My Cause My Cleats and why did you select them for your cause? "I was just thinking about if I'm going to have a chance to raise money, I'd like to hopefully do it with an organization that legitimately impacts and helps people in need. And so, with Hurricane Helene that just came through, I just looked at organizations that were on the ground, hands on, helping. Samaritan's Purse has done that and they are doing that. And so, I chose them and hopefully we can raise some money to go help out people in need with the hurricane relief." Can you talk about your connection with WR Jauan Jennings and how it's developed over the last couple years and how, I guess, the comfort level you have with him when he's running the routes with his body language where you know where he's going to be where he needs to be on time? "I think he does a good job with using his frame and creating separation with just how big he is. And he's a guy that I feel like has actually got some underrated speed. And it may not look like that, but he really does. He gets up on guys quick and gets out of cuts pretty well. And his radius for the ball and stuff is really good. So, definitely trusting him. He's an easy guy, as a quarterback, to see, run his routes as a target, know where he is going to be and just give him a chance and he'll come down with it. And so, we've definitely grown in that area but would like to continue to get him more targets and get him the ball whenever we can, in the right matchups, in the right situation." How would you compare the demands and pressures of being an NFL quarterback that is on a team that's on a roll and headed to the playoffs as opposed to one that's lost a few games in a row and is now fighting for its life in terms of how you prepare and the outlook and all that? "I think just what you're trying to do as a leader matters with trying to get into the playoffs, what you've got to do for your job and then trying to elevate other people around you and their job. Whereas, if you're on a team where everything's good and you're winning games and you know that you have some room to honestly fail and know that you're going to still make it and stuff, I feel like that's just a little bit different. But right now, the sense of urgency has just got to be higher and it's got to be on all the time. And we have no room to really slip up right now, not a lot of margin for error. So for me it's like, I've got to be on top of my stuff, my game, and just make sure the standard is still there within our team and hold everybody to the standard to win here. So that's how I look at it." This three-game losing streak has obviously kind of has things in somewhat of a desperate situation. With Seattle you had a bum shoulder, then you couldn't play, and then you're in a snowstorm. How frustrating is it that you haven't been, for various reasons, maybe able to function at the peak of your powers? "It's been tough. That's just sort of how the last three games have gone. But that's the NFL, this game is physical. You've got to be able to overcome those kinds of things and find a way. And I feel like the good teams, the good players, they don't have excuses. They find a way to get it done for their team and give it their all when they can, physically when they can. So that's just been how the last three games have gone. But for me, it hasn't been woe is me. I'm like, 'Dude, that's the NFL, that's life and that's the challenge in front of us and what are we going to do about it?' So it's more of, as motivation for me and how am I going to answer this kind of stuff and how am I going to be there for my team when things aren't always perfect? This is, I think, really where you see people for who they are. And so, that's how I'm looking at it. And honestly, I'm excited for the challenge. I think I'm the guy for that." Are you going to take more out of this year to be a better quarterback in the future out of the hard things you've learned this year as opposed to before when things were going well? "For sure. I really do think you can learn so much when things aren't going your way for who you are, for the guys around you, how guys respond and react to adversity rather than everything's perfect, you're winning games, and everyone thinks that it'll never end and you'll always be perfect. You can learn some things from that, but not a whole lot. But I think when you face some adversity, that's really where true colors show, all that kind of stuff. But more than anything, how you respond to it and how the respect you've earned from other guys when you can show that you can get out of it and you can pull through and be the guy to lead the way. So learning a lot right now for sure as a young quarterback in the NFL." Head coach Kyle Shanahan was just saying that at the end of training camp, this team wasn't where he hoped it would be or thought it might be. Obviously, you guys had a lot of injuries, you had canceled joint practice, all that. Were there any warning signs, or did you get a sense that this was going to be a little bit more of an uphill climb than it has been in the past going into this year and how has that kind of manifested as the year started? "No one really knew early in the year, like you said, canceling the inner squad, practices and stuff, no one knew. Where we were in the moment, like that's just what happened. And so we were like alright, let's be smart. We'll cancel those, focus on our team and getting healthy and obviously we've had a lot of guys get banged up and injured this year. But more than anything, like that's just where we're at. That's just how it's gone this year. Obviously, no one wants to be in this kind of situation and the standard that we have here to be excellent and to play well, we just haven't lived up to that. But, with that being said, we still have five games ahead of us and what we can control right now is manning up and going out and competing and playing a physical game at a high level this Sunday. That's got to be our mindset. Not, 'oh man, this happened, or this happened and season's over.' That's no one's mindset in this building, I can tell you that. We're going to give it our all and we've just got to execute and play better. Simple as that. No matter who's out there, who's hurt, none of that stuff I think matters. I think we still have the right guys in here and enough guys and enough firepower to go out and win." We've seen glimpses of greatness from WR Ricky Pearsall, but the last few weeks, it seems like you guys are having a hard time connecting. Is there any reason for that? Are they taking him away? Are you struggling to find him in the pattern? "Obviously I'd love to get Ricky the ball as many times as we can. I know that he's explosive and he does a good job with creating separation in man coverage. So as a quarterback, it's like, dude, for sure I want to get him the ball and I love the kid, he's awesome. But for some reason, just with how the game has gone when I've been in there and stuff, I just haven't been able to connect to him within the last three games. So for me, it's not like I'm freaking out going, 'alright, Ricky and I, our chemistry's off' this or that. That's just how the game's gone. Going through progressions, I've hit some other guys. I don't know exactly why Ricky hasn't been like a certain target in a certain play. It's just I'm going through my progressions and that's it. Going into a game, like I said, I want to get everybody the ball as best as I can. J.J., [TE] George [Kittle], [WR] Deebo [Samuel Sr.], Ricky, all those guys deserve it and I want to play for them and get them the ball as much, but that's just how the last three games have gone." This article first appeared on 49ers Webzone and was syndicated with permission.None
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BOCA RATON, Fla. (AP) — Deshawn Purdie threw a 47-yard touchdown pass to O'Mega Blake for the go-ahead score and Charlotte defeated Florida Atlantic 39-27 on Saturday in a game that matched two new interim coaches. Charlotte (4-7, 3-4 American Athletic Conference) fired Biff Poggi on Monday and Tim Brewster took over. FAU (2-9, 0-7) fired Tom Ferman, also on Monday, with Chad Lunsford taking charge. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
REFORM, Ala. (AP) — A federal judge ruled that the family of former NFL player Glenn Foster Jr., who died in law enforcement custody in Alabama, can pursue a lawsuit alleging his death was the result of excessive force. Foster, a former New Orleans Saints defensive end, died on Dec. 6, 2021, three days after being arrested and taken to jail in rural Pickens County for alleged speeding and attempting to elude police. A judge ordered Foster taken to a medical facility in Tuscaloosa for a mental evaluation. Foster was found unresponsive in the back of a law enforcement vehicle when he arrived at the facility. He was pronounced dead about 30 minutes later. His widow, Pamela Foster, filed a lawsuit against officers at the Pickens County Sheriff’s Office and jail saying Foster had been beaten, shocked with a Taser and strangled while at the jail. The defendants then asked a federal judge to dismiss the case. U.S. District Judge Annemarie Carney Axon ruled Thursday refused to dismiss allegations of excessive force and failure to intervene. Axon dismissed other portions of the lawsuit. The ruling came a day before the third anniversary of Foster’s death. Foster appeared in 17 games for the Saints in 2013 and 2014.REFORM, Ala. (AP) — A federal judge ruled that the family of former NFL player Glenn Foster Jr., who died in law enforcement custody in Alabama, can pursue a lawsuit alleging his death was the result of excessive force. Foster, a former New Orleans Saints defensive end, died on Dec. 6, 2021, three days after being arrested and taken to jail in rural Pickens County for alleged speeding and attempting to elude police. A judge ordered Foster taken to a medical facility in Tuscaloosa for a mental evaluation. Foster was found unresponsive in the back of a law enforcement vehicle when he arrived at the facility. He was pronounced dead about 30 minutes later. His widow, Pamela Foster, filed a lawsuit against officers at the Pickens County Sheriff’s Office and jail saying Foster had been beaten, shocked with a Taser and strangled while at the jail. The defendants then asked a federal judge to dismiss the case. U.S. District Judge Annemarie Carney Axon ruled Thursday refused to dismiss allegations of excessive force and failure to intervene. Axon dismissed other portions of the lawsuit. The ruling came a day before the third anniversary of Foster’s death. Foster appeared in 17 games for the Saints in 2013 and 2014.
My ‘pimple’ turned out to be cancer — here’s all the signs I missedTORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Reviva l Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to announce voting results for the election of directors at its Annual General Meeting (“AGM”) of Shareholders held on November 21 st , 2024, in Toronto. A total of 114,232,316 common shares representing 57.81% of the Company’s issued and outstanding shares were voted in connection with the AGM. Shareholders approved all items of business before the AGM including the election of Directors as follows: Following the AGM, Revival Gold re-appointed Tim Warman as Non-Executive Chairman of the Board, Robert Chausse as Audit Committee Chair, Wayne Hubert as Compensation Committee Chair, Maura Lendon as Corporate Governance and Nominating Committee Chair, and Larry Radford as Technical, Safety, Environment and Social Responsibility Committee Chair. Additionally, Revival Gold’s executive leadership consisting of Hugh Agro, John Meyer and Lisa Ross, were re-appointed as President & CEO, VP, Engineering & Development, and VP & Chief Financial Officer, respectively. Following seven years of service with the Company, Revival Gold announces the retirement of Steve Priesmeyer as Vice President, Exploration, effective December 31 st , 2024. Mr. Priesmeyer was a founding member of the Revival Gold exploration team in 2017 and has been a tireless champion of Revival Gold’s exploration efforts. Mr. Priesmeyer played a key role in the assembly and discovery of the multi-million-ounce Beartrack-Arnett Gold Project in Idaho, and the acquisition and integration of the Company’s new Mercur Gold Project in Utah earlier this year. Mr. Priesmeyer’s leadership, deep knowledge of geology and mineral exploration, and strong ‘shoulder to the wheel’ have been invaluable to Revival Gold’s development and success. Mr. Priesmeyer’s day-to-day involvement in the business will be missed but he will continue his association with Revival Gold as a technical consultant to assist with the transition and for special assignments as needed. Ongoing exploration leadership duties will be assumed by Revival Gold’s Chief Geologist, Dan Pace, B.A., M.Sc. (Economic Geology), Regis. Mem. SME, Member SEG. “Steve has had a tremendous impact on Revival Gold success and, together with the team that Steve assembled, is credited with Beartrack-Arnett’s emergence as one of the largest new discoveries of gold in the United States in a decade,” observed Hugh Agro, Revival Gold’s President & CEO. “Steve’s leadership, knowledge and commitment have played a vital role in developing the Company and building a strong foundation for future growth. On behalf of the Board of Directors and the entire Revival Gold team, we extend our sincere thanks to Steve and wish him all the best in his retirement,” added Agro. Mr. Pace joined Revival Gold in 2023 and quickly helped transform the Company’s in-house geoscience capabilities and capacity with a focus on data-driven techniques to refine and improve upon Revival Gold’s exploration targeting and results. Mr. Pace obtained his master’s degree in Economic Geology from the University of Reno in Nevada, U.S.A. and has a wide breadth of technical experience and a fifteen-year track record of project generation and ore deposit discovery. Mr. Pace is a co-discoverer of the exceptional Silicon gold deposit in Nevada. “Revival Gold remains committed to building value through responsible exploration and development at Beartrack-Arnett and Mercur,” commented Agro. “We are excited about Dan’s expanded role in the business, and we look forward to carrying on Revival Gold’s exceptional past track record of gold discovery.” Pursuant to the Company’s stock option plan, Revival Gold has granted 3,195,000 incentive stock options (the “Options”) to directors, officers, and consultants of the Company as part of its annual compensation plan. The Options are exercisable at a price of $0.35 per share for a period of five years and are subject to vesting provisions. About Revival Gold Revival Gold is a pure gold, mine developer operating in the western United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada with its exploration and development office located in Salmon, Idaho. Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR+ at www.sedarplus.ca. For further information, please contact: Hugh Agro, President & CEO or Lisa Ross, CFO Telephone: (416) 366-4100 or Email: info@revival-gold.com . Cautionary Statement Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This press release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes,” “anticipates,” “expects,” “estimates,” “may,” “could,” “would,” “will,” or “plan.” Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this document include, but are not limited to, the Company’s objectives, goals and future plans, and statements of intent, the implications of exploration results, mineral resource/reserve estimates and exploration and mine development plans. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to maintain the modelling and assumptions upon which the interpretation of results are based after further testing, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, changes in regulatory requirements, political and social risks, uncertainties relating to the availability and costs of financing needed in the future, uncertainties or challenges related to mineral title in the Company’s projects, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity and in particular gold prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates, the continued availability of capital, accidents and labour disputes, and the other risks involved in the mineral exploration and development industry, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, future climatic conditions, the discovery of new, large, low-cost mineral deposits, the general level of global economic activity, disasters or environmental or climatic events which affect the infrastructure on which the project is dependent, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Specific reference is made to the most recent Annual Information Form filed on SEDAR+ for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this presentation. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.
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