Agreement

Agreement

The United States-Mexico-Canada Agreement Removes “Margin Killers” in the Post COVID-19 Economy


The USMCA will support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America. It will also brings lucrative opportunities to boost cross-border e-commerce.

WASHINGTON– Mexico and Canada are the top two export destinations for U.S. Small and Medium-Enterprises goods. In 2016 (latest data available), 82,000 U.S. small and medium sized businesses exported $51.2 billion in goods to Canada, and 53,000 U.S. small and medium businesses exported $76.2 billion in goods to Mexico.

Now, for the first time in a U.S. trade agreement, the USMCA includes a dedicated chapter on SMEs, as well as other key provisions supporting small and medium-sized businesses throughout the agreement.

In recognition that digital trade represents enormous value to the U.S. economy and plays a critical role in fostering economic growth and innovation, the USMCA includes a first-of-its-kind chapter on digital trade that contains the strongest commitments of any international agreement.

Entrepreneurs on both sides of the Mexican border are working with their State Government agencies to level up their digital efforts for exportation and distribution without having to rely on a supply chain organized by brokers that exhaust profit margins. These “margin killers” are facing extinction as entrepreneurs are understanding the opportunities being afforded to them under USMCA.

“In today’s market conditions, we have to work to create win-win opportunities for all. The brokers that have historically taken advantage of exporters, and inflated market prices, will have a hard time doing so in the post COVID-19 economy under the new United States-Mexico-Canada Agreement. The United States Business Association of E-Commerce will work to support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America” said Tayde Aburto, CEO of the USBAEC.

Businesses interested in promoting their products and services online and leveraging the benefits of the USMCA can join the Exporters/Importers marketplace https://usbaec.com/marketplaces/exim.

About the United States Business Association of E-Commerce:

The United States Business Association of E-Commerce is an online business association connecting small and medium-sized enterprises (SMEs) with domestic and global buyers and leveraging an online platform to help businesses compete more effectively in the digital economy.

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ACTION TARGET AND COVERSIX SHELTERS ANNOUNCE MODULAR SHOOTING RANGE TEAMING AGREEMENT


PROVO, Utah – March  2020 – Action Target™ Inc., the leading manufacturer of modern shooting ranges, steel targets, shooting supplies and aftermarket services, announces a new teaming agreement with CoverSix Shelters. CoverSix has a proven track record of providing customizable and scalable modular structures to defense, military, and training groups around the world. The two companies are committed to working together to provide customers with world-class modular shooting range systems and turnkey solutions.

These modular shooting ranges will provide a completely tactical training experience. They are modular and scalable from 1 to 14 lanes wide and 10m to 100m in length, and they have no columns or support structure midrange. Rather than using standard ISO shipping containers as the building block, these modular ranges are purposefully designed and built using the proven methods of construction introduced by CoverSix in the USA and internationally.

“We are consistently looking for ways to provide the best solutions for our customers. We are excited about our partnership with CoverSix. They not only share our core values but have the professional experience and expertise in the defense industry to execute projects of this magnitude. This partnership is a true win for our customers that need modular shooting range systems,” said Mike Birch, Action Target CEO.

Modular shooting ranges meet the growing demand to dramatically reduce project time and complexity when compared to the construction of brick and mortar shooting range facilities. These built-to-order facilities can be delivered to sites across the world and require minimal site preparation. Each unit can be outfitted with Action Target’s technologically advanced products, including baffles, bullet traps, ballistic partitions, ventilation systems and target systems for advanced training—including the Genesis™ Target Retriever System, Dual Running Man Pro™, and the hit-sensing AutoTargets™. In addition, the SmartRange Axis™ control platform enables ranges to easily operate and manage their range equipment from one central control screen.

“Working with Action Target, we’re advancing the industry’s typical ‘container shooting range’ by providing purpose-built range modules. With our 20 years of modular construction experience and the ability to provide customizations to the size, height, interior and exterior finishes, plus the latest in range technology from Action Target, we’re hoping to not only disrupt the modular range market, but revolutionize it as well,” said Darren Hillman, President of RedGuard, the parent company of CoverSix.

About Action Target Inc.
Action Target is the leading expert on modern shooting ranges. Since 1986, the company has partnered with thousands of range owners across the world to design, install and maintain range equipment for law enforcement, military, and commercial operations. Action Target products include dynamic target carriers, bullet traps integrated with monitoring software, and smart connected range controls. As the industry’s foremost turnkey solution provider, Action Target also offers custom ventilation equipment, security systems, and a comprehensive selection of aftermarket services. These services include shooter training courses, maintenance programs, rubber trap cleaning, metals recycling, hazardous waste and filter disposal, and an online store. For more information about Action Target, visit https://www.ActionTarget.com.

About CoverSix
CoverSix serves the needs of federal, defense and security customers throughout the world with specialized and hardened modular structures to provide protection for people and equipment against blast, ballistic and forced entry threats. As a division of RedGuard, and in conjunction with its joint venture partner Specialist Services Group, CoverSix designs and constructs modular structures with manufacturing facilities in the US and the UAE supported by regional offices in the UK, Holland, Saudi Arabia and Singapore. CoverSix has successfully delivered projects worldwide and is a recognized expert in safe modular space. Common configurations include viewing bunkers, access control points, shelters, command centers, and training ranges. All structures are scalable and customizable, so no matter where duty calls, CoverSix has a solution to serve soldiers, agents, ambassadors, government employees and emergency management personnel. For more information about CoverSix, visit https://coversix.com.

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AAC Holdings Finalizing Agreement with Lenders and Finalizing Appointment of New Independent Board Members


BRENTWOOD, Tenn., Oct. 23, 2019 — AAC Holdings, Inc. (NYSE: AAC) today announced that as a result of continued positive discussions with the Company’s senior secured lenders, the Company expects to enter into an agreement securing additional liquidity and receiving a forbearance from its senior secured lenders regarding certain previous events of default. The Company expects to finalize the agreement with its senior secured lenders next week, although no assurance can be made that an agreement will result from these discussions within that time frame or that an agreement consistent with these discussions will be reached at all.

The Company is also in the process of finalizing the appointment of three additional independent members to its Board of Directors. The new members would join AAC CEO Michael Cartwright, Vaco Holdings CEO Jerry Bostelman, and Burch Investment Group CEO Lucius Burch on the board. Although the Company expects to finalize these appointments next week, no assurance can be made that the Company will be able to finalize any or all of these appointments within that time frame or at all.

About American Addiction Centers
American Addiction Centers is a leading provider of inpatient and outpatient substance abuse treatment services. We treat clients who are struggling with drug addiction, alcohol addiction, and co-occurring mental/behavioral health issues. We currently operate substance abuse treatment facilities located throughout the United States. These facilities are focused on delivering effective clinical care and treatment solutions. For more information, please find us at AmericanAddictionCenters.org or follow us on Twitter @AAC_Tweet.

Forward Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are made only as of the date of this release. In some cases, you can identify forward-looking statements by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “may,” “potential,” “predicts,” “projects,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this release include statements regarding AAC Holdings, Inc.’s (collectively with its subsidiaries; “AAC Holdings” or the “Company”) ability to successfully negotiate an agreement securing additional liquidity and receiving a forbearance from its senior secured lenders, and the Company’s ability to appoint three additional independent members to its Board of Directors. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual result or timing to be materially different from the information contained in any forward-looking statements. These risks, uncertainties and other factors include, without limitation: (i) the Company’s inability to meet the covenants in the Company’s loan documents or lack of borrowing capacity; (ii) the Company’s inability to enter into forbearance agreements and amendments with its lenders with respect to certain events of default on terms acceptable to the Company in a timely matter, or at all; (iii) the Company’s inability to successfully raise capital to meet the Company’s liquidity needs and to allow it to continue to operate as a going concern; (iv) the Company’s inability to finalize the appointment of, and complete onboarding procedures for, one or more additional independent directors to its Board of Directors within the time frame indicated or at all; (v) the Company’s inability to effectively operate its facilities; (vi) the Company’s reliance on its sales and marketing program to continuously attract and enroll clients; (vii) a reduction in reimbursement rates by certain third-party payors for inpatient and outpatient services and point-of-care and definitive lab testing; (viii) the Company’s failure to successfully achieve growth through acquisitions and de novo projects; (ix) risks associated with estimates of the value of accounts receivable or deterioration in collectability of accounts receivable; (x) a failure to achieve anticipated financial results from contemplated and prior acquisitions; (xi) the possibility that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of an acquisition; (xii) the Company’s failure to achieve anticipated financial results from contemplated and prior acquisitions; (xiii) a disruption in the Company’s ability to perform diagnostic laboratory services; (xiv) maintaining compliance with applicable regulatory authorities, licensure and permits to operate the Company’s facilities and laboratories; (xv) a disruption in the Company’s business and reputational and economic risks associated with the civil securities claims brought by shareholders or claims by various parties; (xvi) the Company’s ability to maintain the listing of the Company’s common stock on the NYSE; and (xvii) general economic and market conditions, including conditions in the debt and equity capital markets in particular, as well as other risks discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 and other filings with the Securities and Exchange Commission. As a result of these factors, we cannot assure you that the forward-looking statements in this release will prove to be accurate. Investors should not place undue reliance upon forward-looking statements.

Contact:
Joy Sutton
Director of Corporate Communications
Office: (615) 727-8407
Cell: (615) 587-7728
JSutton@ContactAAC.com

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