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Midland, Texas, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS” or the "Company”) (NYSE: NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced today that David Bradshaw has retired and resigned from its Board of Directors, effective as of December 10, 2024. Mr. Bradshaw's decision to retire and resign from the Board was not the result of any disagreement with the Company or the Board. "The Board and I wanted to formally recognize and thank David for his thirteen years of service to NGS as a Director,” said Stephen Taylor, Chairman of the Board of NGS. "His knowledge of the oil and gas industry along with his significant operating experience provided unparalleled value to the Company and management over his tenure. His insight and advice will be missed by the Board. We wish him well in his future endeavors." "I want to thank Steve for inviting me on to the Board more than a decade ago,” stated Mr. Bradshaw. "NGS and its Board are in a very strong place and this gave me great comfort in my decision to retire. I wish the Company, the Board, and the management team well and I am confident they will continue to deliver for shareholders.” About Natural Gas Services Group, Inc. (NGS): NGS is a leading provider of natural gas compression equipment, technology and services to the energy industry. We rent, design, sell, install, service and maintain natural gas compressors for oil and natural gas production and processing facilities, generally using equipment from third-party fabricators and OEM suppliers along with limited in-house assembly. We are headquartered in Midland, Texas, with an assembly facility located in Tulsa, Oklahoma, a rebuild shop located in Midland, Texas, and service facilities located in major oil and natural gas producing basins in the U.S. Additional information can be found at www.ngsgi.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company's strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company's reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2023 and its other filings with the SEC. Readers and investors are cautioned that the Company's actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, fundamentals of the compression industry and related oil and gas industry, compressor demand assumptions, overall industry outlook, the ability of the Company to capitalize on any potential opportunities and general economic conditions. For More Information, Contact: Anna Delgado, Investor Relations (432) 262-2700 [email protected] www.ngsgi.comKamloops mayor parts ways with second lawyer, plans to represent himself in court
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Decades of recession, less work-related drinking and greater health consciousness have shrunk Japan’s alcohol consumption. Leading global drinks data and analytics provider IWSR (formerly International Wine and Spirits Record) lists Japan in the world’s top 10 no/low alcohol markets — forecast to grow another 5% by 2027. Japan’s best bartenders are adapting fast. Shuzo Nagumo is the CEO of Spirits & Sharing, an alcohol-related services company which owns seven Tokyo bars. “The nonalcoholic beverage market is larger than the alcoholic market, and further innovation in nonalcoholic drinks is expected to continue in the future,” Nagumo said. Nagumo’s chief technical officer, Manabu Ito, has around 37 years of bar experience. “When I first started working during the economic bubble era, Japan was full of hardworking people who stayed late and drank heavily to keep going. Younger people, in particular, drank a lot back then.” Ito said younger people today seem to drink with a clearer purpose. They research bars and drinks online, then choose them based on their personal likes. Also, older people are drinking noticeably less, especially after the COVID-19 pandemic. A surprising number of Japanese bartenders only drink small amounts of alcohol or none at all. “Japanese DNA variations make it impossible for certain individuals to process alcohol,” said Nagumo. A bar manager at a luxury hotel venue shared another reason: “I only drink alcohol once a week to preserve my palate.” Hiroaki Takahashi is the bar manager of Japan’s first nonalcoholic bar, Tokyo’s Low-Non-Bar, which opened in 2020. Referring to its founder, Eiji Miyazawa, Takahashi said: “He stopped drinking around 2018 due to health reasons. Nowadays, he sometimes drinks in small amounts because he loves bars. “As for myself, I have been a bartender since the age of 20, but I rarely drank outside of studying in bars until I turned 30, as alcohol would negatively affect my health.” Low-Non-Bar serves zero-, low-alcohol (up to 3%) and alcoholic drinks. Patrons can order alternating levels of alcohol — Takahashi calls this “liver sustainability.” Takahashi adds premium ingredients like seasonal organic produce, truffle-infused honey, homemade syrups and aromatic waters to subtle-tasting, alcohol-free spirits — with complex, flavorsome results. Originally, the whole menu was zero-alcohol. After COVID travel bans ended, liquor was added to meet foreigners’ requests. The current clientele is mostly in their 30s: about 40% male, 60% female, 60% teetotallers and 40% drinkers. However, Takahashi thinks Japan remains behind bars overseas — like a "nonalcoholic isolation state” — because it bans nonalcoholic spirit imports due to regulations on additives. In 2024, Low-Non-Bar released its own nonalcoholic gin, Ginnie. Without alcohol’s preservative and flavor extracting properties, it has a shorter shelf-life and requires twice the amount of botanicals compared to alcoholic gin. Three alcohol-free Ginnie cordials with extracts like cypress, vanilla and dealcoholized sake are also available. Bartender Hiroaki Oda also busts the myth that mocktails are just sugary, uninspired concoctions. At Oda’s Bar Ixey in Gion, there’s no menu as he customizes guests’ alcoholic or nonalcoholic beverages. “The reason why I make nonalcoholic cocktails is because I want to be ready to pass on the culture of the bar, which I love, to the next generation.” In the past two years, he’s received many nonalcohol requests from young people, but also people in their 40s. Bar Ixey features “drinkable perfumes” crafted with botanicals (many from Oda’s private herb garden) and an aroma extractor. The fragrances are 10 to 100 times more concentrated than a typical herbal tea. Without ethanol’s viscosity, creating texture in alcohol-free drinks is challenging. “It is important to compensate for a lack of body by adding concentrated aroma. Whether or not it has a concentrated aroma makes a huge difference,” Oda explained. During the COVID lockdown, Oda closed his bar and experimented with distillations. “Then the Japanese government banned the serving of alcohol after 8 p.m., so we did a nonalcohol bar. This was one of those grand social experiments that rarely happen, because without it, customers would never have had three nonalcoholic cocktails all in a row.” Oda distilled about 140 different plants, and chose the best results to create Miatina, a 0%- alcohol spirit. Today, there are three Miatina varieties, with essences like cedar, mushroom and lavender. Oda’s second venue, Ixey Non-Alcoholic Spirits Kyoto Distillery & Salon, opened in 2022 in Gojo. “The next challenge is a hands-on distilling class. We plan to start at the beginning of the year. With alcohol, it is not possible for customers to take home their own alcohol made at the distillery, but with nonalcoholic drinks it is possible.” Kenichi Tomita graduated from culinary school, entered the drinks world and opened his own bar in 2007. At Bar Nano Gould in Sapporo, he makes cocktails ranging from classics to his own wild inventions, exploring the concept “cocktails are liquid cuisine.” “I teach at a cooking school. We are also developing the menus of restaurants. Cocktail pairing is very interesting and difficult. It's worth the challenge. We held collaboration events with various restaurants such as sushi, soba, French, Italian, Indian and so on,” Tomita said. “It has become a matter of course not to drink alcohol when eating out,” Tomita observes. “People who have been forced to drink alcohol up until now are happy,” he says. “Alcohol harassment is gone.” Zero- and low-(3-5%) alcohol cocktails are adapted from his alcoholic recipes. Tomita’s creations use products from across Japan (especially Hokkaido) including vinegar, cacao, goat milk, soup stock, soybeans and deep ocean water. You can also pick flavors like pumpkin and caramel, or azuki beans and blue cheese from a separate menu. “Nonalcoholic gin is very beautiful and delicate. And it's expensive,” Tomita shared. One brand he uses is Nema, Japan’s first nonalcoholic gin. Tomita’s boundless creativity spills over to a sister venue nearby. Bar Nano Femto is run by bartender Marie Mizuno and follows the same theme, but with different recipes. Spirits & Sharing’s Nagumo also works closely with food. He said catering for luxury brand parties and food pairings at restaurants are driving mocktail demand. His company hosts mocktail seminars in-house and for external clients. Amongst his Tokyo bars, Folklore sells the most mocktails. It also specializes in nihonshu (Japanese rice wine, or sake ) with relatively low, 14-18% alcohol content and shochu (distilled Japanese spirit made from potato, rice or wheat). Ito’s bar, Mixology Heritage, is classic style (with a whisky emphasis). Nonalcoholic choices are limited but its new menu — for the first time — features a code explaining each drink’s alcohol level. Ito also thinks bartenders today are exercising more and cutting back on alcohol. And himself? “I used to drink until morning in the past, but now I’ve shifted to having just a little drink after work. On my days off, I enjoy taking my time and savoring drinks when I have the opportunity to relax.” Japan’s drinking habits have changed, but watching these professionals blend cutting-edge mixology with the precision and elegance of their classic training — you feel assured that the beauty of Japanese bar culture will evolve and survive.Mumbai: The Reserve Bank of India ( RBI ) injected funds into the banking system as the weighted average call rate, a barometer for short-term borrowing costs, rose 23 basis points above the policy repo rate at 6.73% on Friday. Surplus liquidity in the banking system shrank to ₹84,154.75 crore due to monthly GST outflows. This is akin to a fine-tuning exercise to manage call rates near the repo rate, as monthly tax outflows drew surplus liquidity out of the banking system, money market experts said. The RBI injected funds worth ₹25,000 crore via a variable rate repo auction (VRR) to ensure that recent overseas outflows from local debt and equity do not drive up banks' cost of funds, analysts said. This is the second such auction that the RBI has conducted post its change in stance to neutral from withdrawal of accommodation. On Thursday, surplus liquidity - as measured by absorption of funds by the RBI - dropped to a one-month low of ₹84,154.75 crore, central bank data showed. "The RBI has been very flexible and quick to manage liquidity. I am also expecting some VRR auctions to happen around mid December when there are advance tax outflows," said Vikas Goel, MD and CEO at PNB Gilts . "The RBI wants to keep durable liquidity positive and roughly about 1% to 1.2% of NDTL, to make sure that the call rates don't move away from the repo rate," he said. Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Marketing Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant View Program Finance AI and Generative AI for Finance By - Hariom Tatsat, Vice President- Quantitative Analytics at Barclays View Program Marketing Marketing & Sales Strategies for Startups: From Concept to Conversion By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Web Development JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) ChatGPT Mastery from Zero to Hero: The Complete AI Course By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Advanced Java Mastery: Object-Oriented Programming Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Microsoft Word Mastery: From Beginner to Expert By - CA Raj K Agrawal, Chartered Accountant View Program Web Development Master RESTful APIs with Python and Django REST Framework: Web API Development By - Metla Sudha Sekhar, IT Specialist and Developer View Program Leadership From Idea to Product: A Startup Development Guide By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Leadership Validating Your Startup Idea: Steps to Ensure Market Fit By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Marketing Digital Marketing Masterclass by Neil Patel By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru View Program In the auction on Friday, the RBI received bids worth ₹35,420 crore from banks versus the notified amount of ₹25,000 crore, reflecting the need for funds from lenders. So far in November, the rupee has weakened nearly 0.5% to 84.45/$1 and foreign investors have sold $4 billion from Indian stocks and bonds, depository data showed. Likely intervention by the RBI has capped the rupee from depreciating further, currency dealers said. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )
P200 billion PH solar facility breaks ground in Nueva EcijaTo the critics complaining about the humble Christmas tree that was generously donated to the town of Chester for the holiday season, Linus Van Pelt would like to have a word. His memorable quote from “A Charlie Brown Christmas” seems most appropriate after the white pine tree arrived in the center of town this week and lit up social media. “I never thought it was such a bad little tree. It's not bad at all, really. Maybe it just needs a little love,” Linus famously said as he gently lifted up Charlie Brown’s drooping tree and wrapped his blue blanket around the base. In the wake of a resident’s post on the “Chester NH Front Porch Chatter” Facebook page griping about its appearance, other community members are now rallying around the tree that stands at the intersection of routes 102 and 121 and will be the focus of a special tree lighting ceremony on Saturday beginning at 5 p.m. “It’s really a shame that someone is denigrating a generous gift that another resident gave. That’s what I found sad,” Town Administrator Debra Doda said after she read the original post and some of the comments that followed. The post criticized the tree, saying it “looks like one of the scrub pines they have been cutting along Rt. 102 this week!” The resident also complained that for his $12,000 in taxes he expects “something better.” In another post that was supportive of the tree, one man complained, “Even Charlie Brown would be embarrassed by this tree. Come on Chester! We can do better!” The tree was donated by an anonymous resident who cut it down on his property and offered it to the town for the season. According to Doda, putting up a live tree in the center of town is a relatively new idea that began in December 2021 when a large Christmas tree was purchased as part of Chester’s 300th anniversary celebration in 2022. “It was so nice and we thought it would be nice to have one every year, but trees are expensive,” she said. Because the town doesn’t want to use tax dollars to buy a tree each year, Doda said it’s relying on generous residents to donate one instead. “It’s nice to have and you can drive by and look at it. It’s a very generous gift from a resident,” she said. Doda said this isn’t the first time that a tree has been the target of criticism. She recalled how some residents complained about the size of another tree two years ago. “I think it’s too bad. Maybe those people should donate a tree next year,” she said. But the tree, which sits just outside the Chester Public Library, is getting lots of love from library staff and others who have noticed it in recent days. “I love that we have the tree. I think it’s a beautiful gesture,” Library Director Kandace Knowlton said. Library aide Melody Roy is also appreciative of the tree and all that it symbolizes this time of year. “It’s nice to have something out there,” she said. The online chatter has also taken a more positive tone with many giving a picture of the tree hearts and supportive comments, suggesting the tree is a reflection of the true meaning of the holiday. One resident took a fitting line from Dr. Seuss’ “How the Grinch Stole Christmas,” posting: “Maybe Christmas doesn’t come from a store. Maybe Christmas, perhaps, means a little bit more.”Trump 'wins' another ridiculous participation trophy
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