Madison Realty Capital Originates $278.5 Million Construction Loan for Three Multifamily Projects and Luxury Condominium in Austin, Texas

Portfolio Includes 734 multifamily apartments, 1,264 planned multifamily units, and 117 luxury condominium residences

NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $278.5 million construction loan for a portfolio of four assets located in Austin, Texas to Reger Holdings, LLC, a New York-based real estate investment and development company led by CEO Gordon Reger, a third-generation member of the Reger/Mader family who founded the company.

The portfolio is comprised of two mixed-use multifamily properties and 317 acres of entitled land with plans to develop 1,264 multifamily residential units, known as the EastVillage, located along the Parmer Lane tech corridor in northeast Austin and a luxury condominium in downtown Austin known as The Linden Residences. Reger Holdings contributed significant cash equity for the construction.

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “This transaction highlights Madison Realty Capital’s solutions-oriented approach and unique ability to serve as a single source financing provider to a highly reputable borrower. Austin is a rapidly growing, vibrant city experiencing exceptional economic growth but faces high barriers to entry. The Parmer Lane tech corridor is home to some of the most prominent Austin employers and some of the nation’s most innovative companies, including Tesla, Apple, Samsung, Oracle, Dell, Facebook, and 3M. However, the city is facing an undersupply of the high-quality housing options that employees in the Parmer Lane tech corridor demand. We look forward to working with Reger, a best-in-class developer with a strong balance sheet, to complete future phases of development in Austin and continue to identify attractive opportunities for our investors and partners throughout Texas and the Southwest.”

“Madison Realty Capital’s senior financing for the EastVillage and the Linden marks an exciting milestone for both projects,” said Gordon Reger.  “We are pleased to work with a single capital source that has the flexibility to finance these diverse projects.”

The mixed-use residences are comprised of two development sites across 29 acres within the over 400-acre master site planned for the EastVillage. The first EastVillage development will offer 312 luxury apartment units across six garden-style apartment buildings with top-tier amenities, including a fitness center, courtyard, dog grooming station and swimming pool. The second EastVillage development will consist of an additional 422 one-, two- and three-bedroom apartment units with state-of-the-art finishes, fitness center, game room, yoga studio, and 143,000 square feet of commercial space. Future phases of development for EastVillage involve 317 acres of land approved for 1,264 multifamily units, 240 hotel keys and over one million square feet of commercial space. The EastVillage is adjacent to Samsung’s Semiconductor chipmaking plant, one of Austin’s largest employers, which recently announced plans to expand with a $17 billion chipmaking facility.

Located at 313 West 17th Street in downtown Austin near the State Capital and the University of Texas at Austin, The Linden Residences is a 28-story luxury condominium project that will offer 117 one- to three-bedroom units, 5,196 square feet of ground floor retail and 251 parking spaces. The amenity rich units have been substantially sold to date.

Newmark Executive Managing Director David Douvadjian, Senior Managing Director, Brian Butler, and Director, David Douvadjian, Jr., served as advisors to Madison Realty Capital in the deal.

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $14 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as one of the industry’s top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Attachments

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com

Nexen Tire Reveals New Brand Identity with “We Got You” Slogan

– Revamped Brand Identity System (BIS) placing Nexen Tire as a company that cares for customers, partners and society

SEOUL, South Korea, June 08, 2021 (GLOBE NEWSWIRE) — Nexen Tire, a leading global tire manufacturer, has announced the launch of its new brand identity system (BIS) and “We Got You” corporate slogan, pledging to enhance customer satisfaction in mobility and beyond tire manufacturing.

“We Got You” evokes Nexen Tire’s corporate mission and promise to always put people at the center of things and make them more connected to the world while improving their lives. It also reflects the Company’s commitment to provide customers with utmost convenience anytime, anywhere.

Core to Nexen Tire’s new identity is to take the lead in developing and providing innovative technologies, designs, and services that enhance customer mobility with the bold spirit of taking on challenges while always thinking ahead.

As a total mobility solutions provider, Nexen Tire will introduce new products to satisfy customers’ needs, especially at a time when electric, hydrogen, and self-driving cars are expected to become more prevalent in the market going forward.

The Company will also assist customers in their transition into the age of digital convergence. In fact, Nexen Tire established Nexen Century Ventures in Silicon Valley, California, in March of this year, to invest in promising start-ups offering future core technologies in the automotive components and mobility sectors, includes automotive sensors.

“Thanks to the continued support of our customers, Nexen Tire has quickly become one of the world’s leading tire manufacturers,” said Travis Kang, Global CEO of Nexen Tire. “We are excited to launch into this new chapter, aiming to satisfy our customers by improving the quality of their mobility.”

Meanwhile, Nexen Tire’s new BIS will extend to a variety of promotional activities and marketing programs especially within the digital space to strengthen its new brand identity to customers and stakeholders. The Company has created a brand film and distributed it online to build relations with customers and help them connect to the new brand identity. And internally, global brand communication guidelines have been developed and circulated to employees worldwide for consistent message delivery to customers. For more information about the brand film, please visit http://www.nexentire.com/international/media/

About New Brand Identity “We Got You”

Nexen Tire’s brand slogan relaunch underlines the foundation of the company’s overarching vision that reflects its core identities: Trendy, Innovative, and Caring. The slogan also describes Nexen Tire’s brand essence titled, Creating Your Mobility, which is focused on the Company’s goals of advancing customer mobility and lifestyle while also being the leading solution provider in innovative mobility.

About Nexen Tire

Nexen Tire, established in 1942, is a global tire manufacturer headquartered in South Korea. Nexen Tire, one of the world’s fastest growing tire manufacturers, currently interacts with approximately 150 countries around the world and owns four manufacturing plants – two in Korea (Yangsan and Changnyeong) and one in Qingdao, China. Another plant in Žatec, the Czech Republic has also begun operation in 2019. Nexen Tire produces tires for passenger cars, SUVs, and light trucks with advanced technology and excellence in design. Nexen Tire supplies OE tires to global car makers in various countries around the world. In 2014, the company achieved a grand slam of the world’s top 4 design awards for the first time amongst the various tire makers in the world.

For more information, please visit https://www.nexentire.com/international/

CONTACT: Sylvia Chang, sylvia.chang@pivotp.co.kr

Brunswick Receives TSX Venture Exchange Approval for Option of the Brunswick Belt Property and Announces Management Changes

MONTREAL, June 08, 2021 (GLOBE NEWSWIRE) — Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce that it has received TSX Venture Exchange approval with respect to its transaction with Osisko Metals Inc. (“Osisko Metals”), pursuant to the option agreement previously announced on April 21, 2021 whereby Brunswick can acquire a majority interest in Osisko Metals’ Brunswick Belt exploration property, located in the eastern portion of the Bathurst Mining Camp in the Bathurst area in New Brunswick. The Property covers 72 kilometres of the prolific Brunswick Belt and includes the Key Anacon and Gilmour South base metal deposits. The Option allows Brunswick to earn up to 51% interest by spending an aggregate of $10,000,000 in two stages over a five-year period.

Corporate Change

Brunswick Exploration welcomes aboard, effective immediately, Mr. Anthony Glavac CPA, CA, as Chief Financial Officer. Mr. Anthony Glavac has over 20 years of experience in financial reporting, including over 14 years in the mining industry. He will replace Etienne Courchesne who is stepping down from his position. The Company would like to thank Mr. Courchesne for his contributions over the years and wishes him well in his future endeavors.

About Brunswick Exploration

The Company is a Montreal-based mineral exploration venture listed on the TSX-V under symbol BRW. The Company is focused on exploration and development of gold and base metal properties in Eastern Canada. Current projects include gold-polymetallic vein systems in Southern New Brunswick (Fundy Gold Project), the Lac Édouard nickel-copper project in Québec, base metals VMS in the Bathurst Camp in northern New Brunswick and in the Chibougamau region of Quebec (Waconichi).

Investor Relations/information

Mr. Killian Charles, President (info@BRWexplo.com).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Cautionary Statement on Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information 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. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 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.

ANGEL’S ENVY™ Kentucky Straight Bourbon Whiskey Finished in Port Wine Barrels Launches in Berlin, Paris and Rome

Family-owned Bacardi adds ANGEL’S ENVY Whiskey to super-premium portfolio in Europe

ANGEL’S ENVY™ KENTUCKY STRAIGHT BOURBON WHISKEY FINISHED IN PORT WINE BARRELS LAUNCHES IN BERLIN, PARIS AND ROME

Family-owned Bacardi adds ANGEL’S ENVY Whiskey to super-premium portfolio in Europe

LOUISVILLE, Ky., June 08, 2021 (GLOBE NEWSWIRE) — ANGEL’S ENVY™ Kentucky Straight Bourbon Whiskey Finished in Port Wine Barrels, the super-premium whiskey owned by Bacardi, launched in select bars in Paris, Berlin and Rome on June 3rd. After launching in London in February 2020, the expansion of ANGEL’S ENVY to cities across the region reflects the growing demand for super-premium spirits and the commitment of Bacardi to growing this sector.

ANGEL’S ENVY, which has been awarded and acclaimed by organizations and publications across the US, was co-founded by the late Master Distiller Lincoln Henderson and his son Wes Henderson, and two generations of Hendersons continue to expand Lincoln’s legacy today. The Louisville-based, family-run distiller is recognised in its home country for being one of the first to use secondary finishing in bourbon, a method traditionally reserved for Scotch, to add greater depth and complexity to the whiskey. Though a radical concept when it was first founded in 2010, ANGEL’S ENVY has led and remained at the forefront of secondary finishing in bourbon, which has grown to become common practice in the industry over the last decade. Acquired by Bacardi Limited in 2015, ANGEL’S ENVY perfectly complements other super-premium brands in the Bacardi portfolio including GREY GOOSE vodka and PATRÓN tequila.

Francis Debeuckelaere, Regional President for Bacardi Europe, Australia & New Zealand, said: “With the premiumisation trend in Europe showing no signs of slowing down, ANGEL’S ENVY is an incredible fit for our portfolio. People continue to show their appreciation for exceptional quality and craftsmanship, which is why they will love ANGEL’S ENVY. As our on-trade partners open their doors for the first time across Europe, we can now offer a lucky few the most exciting brand in the American whiskey category. It is a very special moment for Bacardi and for ANGEL’S ENVY.”

Revered by bartenders and whiskey lovers, ANGEL’S ENVY Kentucky Straight Bourbon Whiskey Finished in Port Wine Barrels is the core expression, handcrafted in Louisville, Kentucky and the first to launch in Europe. Tasted at every step to ensure incredible quality, the 43.3% ABV bourbon is blended in small batches of eight to twelve barrels at a time and then aged for up to six years, before being finished in hand selected 60-gallon ruby port wine casks made from French oak and imported directly from Portugal. The port finishing process lasts between three to six months, depending on taste, and results in notes of Madeira, ripe fruits, and maple syrup.

ANGEL’S ENVY Co-founder and Chief Innovation Officer Wes Henderson comments, “When creating ANGEL’S ENVY, my father and I were deeply inspired by the world of Scotch and its rich history of secondary finishing. As we tasted our bourbon, it became clear just how much the process enhances the whiskey with a subtle sweetness and complex flavours. By applying this familiar technique to our bourbon, we’ve been able to create a whiskey that has already gained huge popularity in our home country. We feel privileged that as bars in Europe get back on their feet, a select few will be able to offer their customers their first ever taste of ANGEL’S ENVY Kentucky Straight Bourbon Whiskey Finished in Port Wine Barrels.

Adhering to the brand motto that whiskey is ‘not perfect until it’s finished,’ ANGEL’S ENVY, which is based in its own 8,000 square metre distillery in downtown Louisville, has now released seven expressions in the USA. Named after the well-known ‘Angel’s Share’ expression of the 5% of spirit lost in ageing, Lincoln famously joked that with this whiskey, he’d finally gotten a better deal than the angels.

Always drink responsibly.

For more information, please contact Shift6:
Email: angelsenvy@shift6pr.global
Phone: +44 7968 894 983 [Nicola Jones]

About ANGEL’S ENVY
ANGEL’S ENVY is a Louisville-based craft distiller that produces small batch, finished whiskeys. Co-founded in 2010 by the late Master Distiller Lincoln Henderson and his son Wes Henderson, it began as a passion project that combined their family’s deep-rooted passion for and knowledge of the industry with an innovative outlook on bourbon making and finishing. Today, Wes Henderson and his sons continue the family legacy, working together to produce ANGEL’S ENVY’s core offerings – Kentucky Straight Bourbon Finished in Port Wine Barrels, Rye Whiskey Finished in Caribbean Rum Casks and an annually-released Cask Strength Bourbon Finished in Port Wine Barrels – as well as a variety of innovative, special releases.

ANGEL’S ENVY opened the doors to its distillery in 2016 – it was the first full-production whiskey distillery in downtown Louisville and is located at 500 East Main Street. The company distributes to all 50 U.S. states and several select international markets as of February 2020. ANGEL’S ENVY is produced by Louisville Distilling Company, a subsidiary of Bacardi Limited.

For more information, please visit us at www.angelsenvy.com, or on:
Facebook: facebook.com/AngelsEnvyBourbon or facebook.com/TourAngelsEnvy
Twitter: @angels_envy
Instagram: @angelsenvy

About Bacardi Limited
Bacardi Limited, the largest privately held spirits company in the world, produces and markets internationally recognized spirits and wines. The Bacardi Limited brand portfolio comprises more than 200 brands and labels, including BACARDÍ® rum, GREY GOOSE® vodka, PATRÓN® tequila, DEWAR’S® blended Scotch whisky, BOMBAY SAPPHIRE® gin, MARTINI® vermouth and sparkling wines, ANGEL’S ENVY® Kentucky straight bourbon, and other leading and emerging brands including WILLIAM LAWSON’S® Scotch whisky, ST-GERMAIN® elderflower liqueur, and ERISTOFF® vodka. Founded nearly 160 years ago in Santiago de Cuba, family-owned Bacardi Limited currently employs more than 7,000, operates production facilities in 11 countries, and sells its brands in more than 170 countries. Bacardi Limited refers to the Bacardi group of companies, including Bacardi International Limited. Visit www.bacardilimited.com or follow us on TwitterLinkedIn or Instagram.

©2021. ANGEL’S ENVY, ITS TRADE DRESS AND THE ANGEL WINGS LOGO ARE TRADEMARKS.
ANGEL’S ENVY is produced by Louisville Distilling Company, a subsidiary of Bacardi Limited, with global headquarters in Hamilton, Bermuda.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/280633b7-da22-4f11-9179-6b254c2de237

Breaking News: Thomas J. Kent Jr., Chairman & C.E.O. of Kent Global, LLC Forms a Joint Venture Partnership With Ray Timbul Manurung, Partner Jondaire Capital From Indonesia

NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) — Kent Global LLC’s Chairman & C.E.O, Mr. Thomas J. Kent, Jr. announced today that a special joint venture with Mr. Manurung from Indonesia has been formed. Mr. Kent went on to say that this mutual alignment is both critical and strategic to the global expansion of Kent Global, LLC, as his firm will now have a unique Indonesian deal flow to present to its private investor network.

Mr. Manurung stated he expects to bring his diverse network of government contacts and business owners looking for foreign direct investment and that this special joint venture is a win-win for everyone. Also, he is personally looking forward to working with Mr. Kent, and plans are already underway for Mr. Kent to visit Indonesia (post COVID) as his special guest to meet with the country’s top politicians, government officials and business leaders.

Contact Data
Thomas J. Kent Jr., CEO
kentthomas141@gmail.com >
New York, New York
+1-646-207-6801

About Kent Global LLC
Kent Global LLC is a New York City based private boutique consultancy supporting clients around the world from startups to governments. Kent Global LLC has assembled strategic contacts which include money managers and angle investors throughout the world.

Related Links
www.kentgloballlc.net >

About Raya Timbul Manurung
Raya Timbul Manurung has accumulated 30 years of experience in international trade, renewable energy, as board member of the Real Estate Indonesian Association-North Sumatra and as a Partner of Jondaire Capital.

Forward-Looking Statements
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guaranteeing future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Kent Global LLC’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include Kent Global LLC’s ability to manage growth; Kent Global LLC’s ability to execute its business plan and meet its projections; potential litigation involving Kent Global LLC; changes in applicable laws or regulations; the possibility that Kent Global LLC may be adversely affected by other economic, business, and/or competitive factors; and the impact of the continuing COVID-19 pandemic on Kent Global LLC’s business.

Source: Kent Global LLC

Philips announces exchange ratio for 2020 dividend

June 8, 2021

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA) today announced that the exchange ratio for the dividend in shares for the year 2020 has been determined. The exchange ratio is 1 new common share for every 53.9278 existing common shares. This ratio was based on the volume weighted average price on Euronext Amsterdam of June 2, 3 and 4, 2021, of EUR 45.8086 and was calculated in a manner that the gross dividend in shares is approximately equal to the gross dividend in cash.

Shareholders were given the opportunity to make their choice between cash and shares between May 12, 2021 and June 4, 2021. If no choice was made during this election period, the dividend will be paid in cash. Both the dividend in cash and the dividend in shares will be made payable to shareholders from June 9, 2021.

For 37.7% of the shares, an election was made for a share dividend, resulting in the issuance of 6,345,968 new common shares. Upon payment of the dividend, the total issued share capital will amount to EUR 183,479,793.80, representing 917,398,969 common shares. In the remainder of 2021, Philips expects to have 20,476,023 shares delivered through the settlement of forward contracts entered into in the course of 2020 as part of the EUR 1.5 billion share repurchase program for capital reduction purposes, as announced on January 29, 2019. Philips expects to cancel these shares before the end of 2021, and thereby the issued common shares outstanding at 2021 year-end is expected to amount to 896,922,946 shares (2020: 911,053,001). More information is available via this link.

For further information, please contact:

Ben Zwirs
Philips Global Press Office
Tel.: +31 6 15213446
E-mail: ben.zwirs@philips.com

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 17.3 billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Forward-looking statements
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.