Large Expansion for Profitable Franchise Bakery, Coffee Brand and Beverage Company Operating in the USA & China: Chanson International Holding (Nasdaq: CHSN) 11-25-2024 11:12 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: CAP, LLC $CHSN: First Half of 2024 Total Revenue of $7.5 Million and Operating at a Profit. - Well Established Provider of Popular Bakery, Seasonal and Beverage Products. - Positioned in the Global Bakery and Beverages Industries, Expected to Reach $692.9 Billion and $3.85 Trillion, Respectively, by 2032. - Sales Through Multiple Locations in China and The United States, Plus On-Line Digital Platforms. - Focused on Making Healthy, Nutritious and Ready-to-Eat Food Through Advanced Facilities Based on In-Depth Industry Research. - Franchise Expansion of Coffee Brand Soul Song in China. - Store Expansion to a Total of 60 Direct-Operate Stores Across China and the United States by the End of 2024. - More Cash Than Total Debt, Reflecting Financial Stability and Reduced Risk for Investors. Chanson International Holding (Nasdaq: CHSN) is a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States. CHSN currently manages numerous stores in China, and in New York City while selling on digital platforms and third-party online food ordering platforms. CHSN offers not only packaged bakery products but also made-in-store pastries and eat-in services, serving freshly prepared bakery products and extensive beverage products. CHSN aims to make healthy, nutritious, and ready-to-eat food through advanced facilities based on in-depth industry research, while creating a comfortable and distinguishable store environment for customers. The CHSN dedicated and highly-experienced product development teams constantly create new products that reflect market trends including vegan options to meet current customer demand. CHSN PRC stores manufacture the majority of bakery products in their central factory located in Urumqi, Xinjiang, China, prepare beverage products within the stores, and contract third-party manufacturers to produce seasonal products. The CHSN U.S. Stores bake bakery products, prepare breakfast, lunch and all-day brunch, bar food, and other light meals for eat in, and make beverage products all within their kitchen in the store. To ensure the quality and safety of their products, the PRC Stores and the U.S. Stores procure raw materials, including flour, eggs, and milk, from renowned suppliers with a record of consistently supplying high-quality raw materials over decades in the food industry. In addition, the CHSN PRC Stores and the U.S. Stores have implemented a rigorous quality control system covering their entire operation process and mandated internal training to improve their employees' awareness and knowledge of food safety. The global bakery products market reached $515.9 billion in 2023 and is projected to grow to $692.9 billion by 2032 at a CAGR of 3.2%. Similarly, the beverages market, valued at $2.4 trillion in 2023, is estimated to reach $3.85 trillion by 2032, growing at a CAGR of 5.4%. These robust market trends highlight significant growth potential for CHSN, strategically positioned to capitalize on these expanding industries with innovative offerings and global reach. Franchise Expansion of Coffee Brand Soul Song On November 25th CHSN announced a collaboration with a leading local enterprise to expand its coffee brand, Soul Song, through a franchise operation model in Yili, Xinjiang, China. This milestone marks significant progress in the development of the CHSN Soul Song brand, further deepening its market presence and extending its brand influence in the Xin Jiang region. In July 2024, CHSN celebrated the grand opening of a Soul Song cafe in partnership with Xinjiang Hengtai Investment Co., Ltd. at the scenic Nalati National Tourist Resort in Yili, Xinjiang. Soul Song's innovative "blend bean concept" highlights the art of blending, offering diverse flavors to suit every customer's unique taste. The CHSN cafe quickly became a must-visit destination within the resort, achieving daily sales of RMB 30,000, a record for single-day coffee-related sales at the location. This marks a CHSN debut in adopting a franchise model, partnering with distinguished local enterprises for mutual growth and success. Building on its growing influence in the Yili region, CHSN plans to open five additional Soul Song cafes by 2025. CHSN Makes Significant Strides in Store Expansion On November 21st CHSN announced significant progress in its store expansion efforts, reaching a total of 60 direct-operate stores across China and the United States by the end of December 2024. This milestone reflects the CHSN commitment to accelerating business growth and enhancing its market presence in both China and the United States. In addition, seven more CHSN stores are currently in the process of securing business licenses, highlighting the strong momentum in CHSN expansion. CHSN provides exceptional service and creating a cozy cafe ambiance, fostering relaxation and meaningful social interactions. Surpassing its previous goal of opening 3 to 5 directly operated stores annually, CHSN is now leveraging its exceptional in-store service to accelerate growth and scale operations at an unprecedented pace. Mr. Gang Li, Chairman of the Board of Directors and Chief Executive Officer of CHSN, commented, "We believe our commitment to exceptional in-store service and high-quality offerings is the cornerstone of our success, ensuring high operational standards while expanding our market reach. Our expansion strategy allows us to optimize resource allocation and respond to customer demands more swiftly and effectively, ultimately driving growth in key markets. As part of our long-term vision, we are dedicated to enhancing our brand presence across China and the United States, delivering outstanding dining experiences to a broader audience. This strategy not only accelerates store openings but also strengthens our position as a trusted and innovative leader in the bakery and beverage industry. We are confident that our focus on service excellence and quality will continue to drive sustainable growth and customer loyalty." First Half of Fiscal Year 2024 Financial Results On September 27th CHSN announced its unaudited financial results for the six months ended June 30, 2024. CHSN First Half of Fiscal Year 2024 Financial Summary Total revenue was $7.5 million, compared to $8.8 million for the same period of last year. Gross profit was $3.1 million, compared to $4.3 million for the same period of last year. Gross margin was 41.5%, compared to 49.2% for the same period of last year. Net income was $0.02 million, compared to $0.3 million for the same period of last year. Basic and diluted earnings per share were $0.002, compared to $0.027 for the same period of last year. CHSN First Half of Fiscal Year 2024 Financial Results CHSN revenue from the China Stores was $6.5 million for the six months ended June 30, 2024, which decreased by or 7.3%, from $7.0 million for the same period of last year. The decrease was mainly due to the decreased revenue from bakery products as well as from other products. CHSN revenue from bakery products was $5.9 million for the six months ended June 30, 2024, which decreased by 7.3%, from $6.4 million for the same period of last year. Revenue from other products was $0.58 million for the six months ended June 30, 2024, which decreased by 7.0%, from $0.62 million for the same period of last year. The decrease was mainly due to decreased revenue from seasonal products, which was partially offset by increased revenue from beverage products. Revenue from seasonal products was $0.36 million for the six months ended June 30, 2024, which decreased by 16.4% from $0.44 million for the same period of last year. CHSN revenue from the U.S. Stores was $1.0 million for the six months ended June 30, 2024, which decreased by 42.2% from $1.8 million for the same period of last year. The decrease was mainly due to decreased revenue from beverage products and eat-in services, which was partially offset by the slightly increased revenue from bakery products. CHSN revenue from bakery products remained relatively stable at $0.24 million for the six months ended June 30, 2024, with a slight increase by 2.6% from $0.23 million for the same period of last year. The increase was due to the increased revenue from bakery products of approximately $0.1 million, generated by Chanson 3rd Ave and Chanson Broadway. CHSN revenue from beverage products was $0.6 million for the six months ended June 30, 2024, which decreased by 37.2% from $1.0 million for the same period of last year. CHSN revenue from eat-in services was $0.2 million for the six months ended June 30, 2024, which decreased by 69.7% from $0.6 million for the same period of last year. For more information on $CHSN visit: http://ir.chanson-international [ http://ir.chanson-international.net/].net/ Media Contact Company Name: Chanson International Holding Contact Person: Investor Relations Department Email: Send Email [ http://www.universalpressrelease.com/?pr=large-expansion-for-profitable-franchise-bakery-coffee-brand-and-beverage-company-operating-in-the-usa-china-chanson-international-holding-nasdaq-chsn ] Phone: 86-0991-2302709 Address:No. 26 Culture Road Tianshan District City: Urumqi Country: China Website: http://ir.chanson-international.net This release was published on openPR.Who is Luigi Mangione, suspect in the shooting of UnitedHealthcare CEO Brian Thompson?
Bhopal (Madhya Pradesh): The outcome of by-poll results of Budhni and Vijaypur assembly constituencies brought joy to both BJP and Congress. BJP celebrated Budhni victory along with landslide result in Maharashtra. On the other hand, Congress celebrated unexpected victory in Vijaypur and at the same time, it also celebrated party’s victory in Jharkhand. Chief Minister Mohan Yadav, BJP State President VD Sharma, Minister Vishvas Sarang and others reached BJP office to join workers celebrating party’s success in the by-election of Budhni and stellar performance in Maharashtra assembly elections. BJP leaders were a bit dejected over defeat in Vijaypur assembly by-poll. Chief Minister Mohan Yadav expressing happiness on party’s scintillating victory in Maharashtra. He said, ‘Maharashtra election is a lesson to Uddhav Thackeray’s Shiv Sena and Sharad Pawar’s NCP. From Haryana to Maharashtra, BJP is getting huge support. VD Sharma, BJP State President said that BJP recorded a historic victory in Maharashtra and won Budhni by-election with great ease. Asserting that the party will ponder over the defeat in Vijaypur by-poll, he said that BJP has managed to reduce the defeat margin in Vijaypur. In the 2023 election, the party lost the seat with a difference of 18k votes and now its defeat margin is around 7k. Congress office remains empty till noon Congress celebrating victory in Vijaypur | FP Photo Congress party’s office remained empty till noon as Congress leaders were presumably not confident that party could win any one of the two by-elections held in Budhni and Vijaypur. But when vote counting trend began, hint of Congress victory in Vijaypur, pushed workers to rush towards the party office. People of Vijaypur assembly constituency have given a strong reply to the misdeeds of the ruling BJP, state Congress president Jitu Patwari said on Saturday. Patwari said, ‘Vijaypur's victory is the victory of only and only Congress workers. The party workers endured all kinds of torture, faced police lathicharge and lawsuits, but still stood firmly.' Ramniwas Rawat’s Defeat To Dampen Nirmala Sapre’s Enthusiasm Nirmala Sapre | Bhopal (Madhya Pradesh): Forest Minister Ramniwas Rawat’s defeat has not only shocked the party-hoppers but also dampened the enthusiasm of legislator from Bina, Nirmala Sapre. After defecting from the Congress to the BJP, Sapre did not resign from the House membership. After Rawat’s loss, it has become difficult for Sapre to fight an election on a BJP ticket after resigning from the House membership. Before Rawat, many party-hoppers had to face defeat. They are Rahul Lodhi (Damoh), Ranveer Jatav (Gohad), Girraj Dandotiya (Dimni), Imarti Devi (Dabra), Raghuraj Kansana (Morena), Munnalal Goyan (Gwalior), Aidal Singh Kansana (sumawali), and Jasmant Jatav (Karera) have lost the election after quitting their parental political organisation. Minister to keep an eye on departments of Rawat Ramniwas Rawat will lose his ministry after his defeat. Two ministers will keep an eye on his ministry. Minister Nagar Singh Chouhan was deprived of forest and environment departments which were handed over to Rawat. After the incident, Chouhan was angry. He may reclaim these departments. Several other ministers are keeping an eye on these departments.
( MENAFN - GetNews) Illustria Medical Aesthetics in Milton, Ontario, launches a limited-time holiday gift card Promotion alongside advanced medical spa treatments led by expert physicians. A premier medical spa in Milton, Ontario, Illustria Medical Aesthetics is now offering an exclusive holiday gift card promotion for a limited time. Customers who purchase a $100 gift card for a loved one will receive an additional $25 gift card for themselves. A limited-time offer valid through December 31, 2024, this promotion provides an ideal opportunity to experience luxurious medical spa treatments while sharing the gift of self-care. Committed to delivering top-tier services without compromising affordability, the clinic offers comprehensive beauty services, from laser skin treatments, injectables, and advanced facial rejuvenation techniques to medical-grade skincare products to enhance skin health and maintain radiant skin, even at home. Complementing its top-tier treatments, Illustria Medical Aesthetics offers competitive pricing to make luxury medical spa experiences accessible. Whether seeking a rejuvenating facial or a transformative laser procedure, clients can experience an immersive spa experience within their budgets by referencing its published medical spa pricing . A leader in innovative skin rejuvenation solutions, Illustria Medical Aesthetics is the only medical spa in Milton to provide laser skin treatments using the state-of-the-art Picosure® Pro laser. Precise and highly effective, this advanced laser technology addresses various skin concerns, including pigmentation, fine lines, acne scars, and tattoo removal, offering clients faster results and minimal downtime. The spa ensures the highest standard of care with a team led by a board-certified aesthetic physician and licensed family physician, Dr Leonora Ogbeide, MD, CCFP. With expertise in medical aesthetics and a commitment to patient-centred care, Dr Ogbeide oversees all in-spa treatments to deliver results tailored to individual needs. A member of the Canadian Board of Aesthetic Medicine (CBAM), Dr Ogbeide stays up-to-date with the best and latest internationally recognized techniques and technologies for aesthetic medicine, frequently attending conferences and seminars to provide the most comprehensive and relevant treatment options for her patients. “I strongly believe in a no-pressure method of practice for aesthetic medicine. My goal is to help you look and feel your best on your terms-at the end of the day, that's what aesthetics is all about,” said Dr Ogbeide. Illustria Medical Aesthetics' holiday gift card promotion provides added value, allowing clients to enjoy additional savings while indulging in the clinic's wide range of treatments. The spa's competitive pricing makes luxury medical spa experiences accessible to everyone. For more information, visit Illustria Medical Aesthetics prides itself on delivering a personalized and welcoming experience. By combining advanced technology, expert care, and a client-focused approach, the clinic has earned a reputation as a trusted destination for medical spa treatments in the Milton area. The spa's highly laser skin treatments have proven effective for revitalizing skin and tattoo removals. This treatment has garnered praise for addressing even the most complex skin concerns with unparalleled precision. Picosure® Pro is typically used for dark pigments while Fotona Laser is preferred for facial laser treatments. Injectables have played a key role in Illustria Medical Aesthetics' beauty regime, reducing the appearance of wrinkles and restoring volume. Dr Ogbeide will carefully assess the depth and placement of the filler to achieve the desired results. In certain cases, multiple injections may be needed. With its facial rejuvenation services, the spa enhances skin health with advanced techniques such as chemical peels and microneedling. Dr Ogbeide uses medical-grade chemical peels to improve the look and health of the face, removing the outer layers of the skin to encourage skin regeneration. Microneedling, or collagen induction therapy, is intended to stimulate the body's natural healing processes, leading to collagen and elastin production which results in improved skin texture and firmness. This procedure Microneedling is often used to treat acne scars, fine lines, and wrinkles, as well as to improve the overall appearance of the skin. Located in Milton, Ontario, Illustria Medical Aesthetics specializes in delivering advanced medical spa treatments under the guidance of Board-Certified Physician Dr. Leonora Ogbeide. The holiday gift card promotion underscores Illustria's dedication to making self-care accessible during the festive season. Gift cards are available directly through the clinic or its website, providing an easy and thoughtful gift option for friends and family. About the Company: Illustria Medical Aesthetics , located in Milton, Ontario, is a leading medical spa offering advanced treatments under the guidance of Board-Certified Aesthetic Physician Dr. Leonora Ogbeide, MD, CCFP. The clinic specializes in laser skin treatments using the revolutionary Picosure® Pro laser, addressing skin rejuvenation, pigmentation, and tattoo removal with precision and minimal downtime. With a focus on safety and personalized care, Illustria also provides injectable treatments, facial rejuvenation, and medical-grade skincare. Known for competitive pricing and innovative solutions, Illustria is a trusted destination for achieving radiant, healthy skin. MENAFN24122024003238003268ID1109028264 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.So much so that F1 and Formula One Management could have a decision to grant the General Motors-backed entry a spot as the 11th team on the grid in the coming weeks. Dan Towriss, now the majority owner of the Andretti organization, was at the Las Vegas Grand Prix on Thursday scoping his chances of entering the top motorsports series in the world. So was the FBI, allegedly, as part of a Department of Justice investigation into why F1 denied the Andretti organization expansion into the series. F1 currently has 10 teams that field 20 cars and only one — the organization owned by California businessman Gene Haas — is an American team. Las Vegas marks the third race this season in the United States, more than any other country, as F1 has exploded in American popularity over the last five years. Even so, Andretti could not get approval from F1 to enter the series. But, the situation changed in September when Andretti scaled back his role with his namesake organization. Now with Towriss in charge, talks have amplified, even though it is not clear what the name of an Andretti-less F1 team would even be. Cadillac would do the engines — but says it won't be ready until 2028 — which means a 2026 Towriss-led F1 team would be GM branded but with a partner engine supplier. Most of the existing teams have been largely opposed to an 11th team entering F1, citing a dilution in prize money and the massive expenses they've already committed to the series. But, Andretti among others believed the teams' position was personal in that they simply didn't like Andretti, who ran 13 races in the 1993 season. His father, Mario, is the 1978 F1 world champion. The Andretti application had already been approved by the FIA, which is F1's ruling body, but later denied by F1 itself. F1 promised to revisit the issue once General Motors had an engine ready to compete. The existing 10 F1 teams have no actual vote or say in if the grid is expanded, which Mercedes boss Toto Wolff reiterated Thursday when The Associated Press asked why the sudden chance of acceptance in a potential 11th team. "We have an obligation, a statutory obligation as directors, to present the standpoint that is the best for our company and for our employees, and we've done that," Wolff said. "I think if a team can add to the championship, particularly if GM decides to come in as a team owner, that is a different story. "And as long as it is creative, that means we're growing the popularity of the sport, we're growing the revenue of the sport, then no team will be ever against it. So I'm putting my hope in there." Wolff has been eager to hear from Towriss directly on what the plans for the organization are now that Andretti has a smaller role. "No one from Andretti or Andretti Global or whatever the name will be has ever spoken to me a single sentence in presentation of what the creative part is," he said. "But they don't need to because the teams don't decide. It is the commercial rights holder, with the FIA, we have no say. If I want to be invited to a party and go to the party, I'm sitting down at the table and telling who I am and why I'm really good fun and sitting here and everybody will enjoy my presence. "That hasn't happened, but you know, that's now my personal point of view, not a professional, because there's nothing we can do, nothing we can say," Wolff continued. "And I don't know the people. I've obviously spoken to Mario. I didn't speak to his son. I didn't speak to any other people that are behind that. I don't know who they are. So I know GM, GM is great." Fred Vasseur, team principal at Ferrari, said he's not opposed to another team if it adds value to F1. "The discussion is between FIA, the team, and FOM. It's not our choice," he said. "For sure, as Toto said, that if it's good for the sport, good for the show, good for the business, and adds value on the sporting side, that we are all OK."
The Downtown Bryan Holiday Stroll and Lighted Parade will march through town Thursday to bring holiday cheer. Starting at 5 p.m., visitors can patronize Downtown Bryan shops for the Holiday Stroll portion with 16 businesses offering specialty discounts for the event or free treats , including hot chocolate and candy canes. The Lighted Parade will then start its route at 7 p.m. at the intersection of 24th Street and Bryan Avenue, head south, turn on 28th and head back north on Main Street. The Carnegie History Center will be open with family-friendly fun with Santa’s Mailbox for anyone looking to send letters to Santa, a light-up elf hat from Destination Bryan’s booth and a free polaroid photo booth. Free street parking will be available for the parade and will be in marked spaces outside street closure areas. Public parking lots will be available in Downtown Bryan and in the Roy Kelly Parking Garage. These locations include E. William J. Bryan Pkwy. and Tabor Avenue near Longhorn Tavern & Steakhouse, W. William J. Bryan Pkwy. and Parker Avenue near the U.S. Post Office, 29th Street and Tabor Avenue near Bryan Texas Utilities offices, and Tabor Avenue between 22nd and 23rd streets. Many streets will be closed for the parade, including Bryan Avenue and Main Street from 28th Street to Martin Luther King Jr. St.; 28th Street and 26th Street from Bryan Avenue to Main Street; William J. Bryan from Parker Avenue to Tabor Avenue; 21st, 22nd, 23rd streets from Parker Avenue to Main Street; 24th Street from Bryan Avenue to Main Street; and Pruitt Street from Parker Avenue to Main Street. Vehicles who park in closed areas may be towed to the Bryan Municipal parking lot at 303 E. 29th St.Why EV Stocks Lucid Motors, QuantumScape, and Navitas Semiconductor Rocketed Higher Today - The Motley FoolThe Los Angeles Chargers have played their way into another prime time appearance. Justin Herbert and company have had their Week 16 home game against the Denver Broncos flexed from Sunday, Dec. 22, to Thursday night, Dec. 19. Friday's announcement makes this the first time a game has been flexed to the Thursday night spot. The league amended its policy last season where Thursday night games in Weeks 13 through 17 could be flexed with at least 28 days notice prior to the game, and teams could make more than one appearance on Amazon Prime Video's 16-game package. Only two games per season in the five-week window can be flexed. The matchup of AFC West division rivals — who are both contending for playoff spots — bumps the game between the Cleveland Browns and Cincinnati Bengals to Sunday afternoon. Despite the hiring of Jim Harbaugh as coach, the Chargers were one of six teams not to have a Thursday game when the NFL schedule was released in May. It is the second time the Chargers have been flexed into prime time this season. Their 34-27 victory over the Cincinnati Bengals last Sunday was on NBC's "Sunday Night Football" after bumping the matchup between the Indianapolis Colts and New York Jets. Los Angeles, which is 7-3 and on a four-game winning streak, hosts Baltimore this week on "Monday Night Football" in the third matchup between brothers John and Jim Harbaugh as coaches. The Chargers' Dec. 8 game at Kansas City is also on Sunday night. Denver (6-5) had a Thursday night game on Oct. 17, defeating the Saints 33-10 in coach Sean Payton's return to New Orleans. The Broncos have a Monday night game against Cleveland on Dec. 2. The Chargers beat the Broncos 23-16 in Denver on Oct. 13. That was the game where Harbaugh briefly went to the locker room due to an irregular heartbeat.
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Published 21:18 IST, December 24th 2024 The man, whose identity has not been disclosed, sustained minor injuries, while his driver was killed in the incident. An Afghan national who previously worked for the Indian consulate in Jalalabad was injured in an attack on Tuesday, local sources reported. The man, whose identity has not been disclosed, sustained minor injuries, while his driver was killed in the incident. Indian officials confirmed that the attack appears to be linked to personal enmity rather than any broader political or diplomatic concerns. India had closed its consulate in Jalalabad in 2020 A source in the Ministry of External Affairs said, "An incident took place today involving a local Afghan staff of the Indian consulate in Jalalabad, Afghanistan. The local staff of the consulate sustained minor injuries in the incident. India had closed its consulate in Jalalabad in 2020 itself." “We are in touch with Afghan authorities and awaiting a report on the incident,” the source added. The Indian consulate in Jalalabad has remained closed since 2020, limiting the country’s diplomatic presence in Afghanistan due to ongoing security concerns. Further details on the attack and the circumstances leading to it are awaited as investigations by local authorities continue. Updated 21:18 IST, December 24th 2024How major US stock indexes fared Tuesday, 12/10/2024SFA kicker Chris Campos isn’t one to seek out attention but it will definitely be on him Saturday when the Lumberjacks take the field for his final home game against Abilene Christian University. “It’s almost embarrassing how little he talks,” SFA head football coach Colby Carthel said. “I’m trying to get him to swing the axe here on Saturday and he doesn’t even want to do that. I’m like, ‘Dude, Chris, you’re going to go out and swing the axe. This is your time to shine. We’re going to celebrate you.’” Senior day could be when Campos moves up in the record books. He has made 85 career field goals. With one more, he’ll be tied for second all-time in FCS history. Two more will put him in second place by himself. “I thank God for giving me the opportunity to achieve that,” Campos said. “I’d love for him to get it,” Carthel said. “The most important thing is that we win the ballgame. He’d tell you that too — let’s find a way to win this last one. That would be pretty special if he got a chance to move up into second all-time, and if not, there’s nothing wrong with third all time.” Campos first started kicking field goals in eighth grade and continued through his time at Nacogdoches High School for the Dragons. “I just remember coming in here, and he was a senior,” Carthel said. “I didn’t get to see him play in high school but we brought him in as part of our first signing class and coach (Bobby) Reyes was the head coach there and he was telling me he was the best kicker he ever had and he’d be a great one. I tell you what, no truer words have ever been spoken. We got him here and the rest is history.” Campos said he liked the idea of playing college football in his hometown and added, “I liked the coaching staff, and Coach Carthel made it a second home.” The Nacogdoches native said his teammates have also made SFA feel like home. “They’re like brothers to me,” he said. “It didn’t take a lot of time to get close to all of them.” Campos has already graduated from SFA with a degree in criminal justice and a minor in psychology. He’s currently working on his masters in public administration. His next step: “See if I have a chance to make it to the next level,” Campos said. If that doesn’t happen, he’d like to be a state trooper. “That’s what I wanted to be when I was a little kid,” he said. Regardless of where his career path leads, Campos said football has taught him “Always give it your all. Always be disciplined and dedicated to working for what you want to achieve.” “Every practice I’ve been to here, except that first spring ball, he’s been out there,” Carthel said. “I tease him in front of the team and I say I’ve been coaching Chris for six years and I just heard him say his ninth word. He doesn’t say much but when he does, you listen. It’s usually wise words. He’s just a quiet-demeanor kid. He got his degree and he’s working on his master’s. He’s going to be so successful throughout his life. He’s just really special.” The coach is looking to make the most out of having him for one more game. “We’re going to miss him but we’re going to enjoy him for a little while longer while he’s here,” Carthel said.
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PHILADELPHIA, PA / ACCESSWIRE / December 10, 2024 / abrdn Income Credit Strategies Fund (NYSE:ACP) (the "Fund"), a closed-end fund, announced today that it has reduced its monthly distribution from US 10 cents per share to US 7.75 cents per share, commencing with the distribution payable on January 10, 2025 to shareholders of record as of December 30, 2024 (ex-dividend date December 30, 2024). This represents a change in the annualized distribution rate from 18% to 14% based on NAV as of December 9, 2024. The Fund intends to maintain this distribution level for at least the next 12 months unless there is significant and unforeseen changes in market conditions. The Fund's distribution policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital, which is a non-taxable return of capital. The Fund's monthly distribution has remained unchanged since September 2020. The Investment Adviser has advised the Fund's Board of Trustees (the "Board") that it believes that the reduced monthly distribution is more consistent with sustainable earnings of the Fund. The current reduction in distribution takes into account many factors, including, but not limited to, current and expected earnings and abrdn Investments Limited, the Investment Adviser, economic and market outlook. In approving the decrease to the distribution rate, the Board considered, among other things, the strong long-term past performance of the investment advisor as well as their outlook on the market going forward. The investment advisor is optimistic on both the near term and long-term prospects for returns within the High Yield market, with the combination of an attractive level of income and the advisor's historic ability to generate capital appreciation in a range of market outcomes as the drivers of their outlook. However, as credit spreads have tightened over recent years, the Board believes it to be prudent to lower the distribution rate to reflect a decreased total return potential in excess of income over the near term. Both the Board and the Investment Advisor remain committed to offering a product with a premium level of income, and that will not change. The pro forma level of distribution is expected to continue to stand out from the competitive set within the peer group while allowing the advisor the flexibility to invest in assets that put the best interests of the investor base as the top priority. Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code of 1986, as amended, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited. Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the NAV of the Fund's portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results. www.abrdnacp.com ### For More Information Contact: abrdn U.S. Closed-End Funds Investor Relations 1-800-522-5465 Investor.Relations@abrdn.com SOURCE: abrdn Income Credit Strategies Fund View the original on accesswire.comIsrael said Tuesday it had bombed more than 350 military sites in Syria during the previous 48 hours, targeting “most of the strategic weapons stockpiles” in the country. Israeli Prime Minister Benjamin Netanyahu said the wave of airstrikes in neighboring Syria was necessary to keep the weapons from being used against Israel following the Syrian government’s stunning collapse . Israel also acknowledged its troops were pushing into a border buffer zone inside Syria, which was established after the 1973 Mideast war. However, Israel denied its forces were advancing Tuesday toward the Syrian capital of Damascus. Life in the capital was slowly returning to normal after jihadi-led Syrian insurgents ousted President Bashar Assad over the weekend. People celebrated for a third day in a main square, and shops and banks reopened. The United States said Tuesday it would recognize and support a new Syrian government that renounces terrorism, destroys chemical weapons stocks and protects the rights of minorities and women. Syria's nearly 14-year civil war killed nearly half a million people and displaced half of the country’s prewar population of 23 million, becoming a proxy battlefield for regional and international powers. Here's the Latest: SAYDNAYA, Syria — Tens of thousands came to Saydnaya Prison from all over Syria after the fall of former President Bashar Assad to search for their loved ones. The place so notorious for its horrors was long known as “the slaughterhouse.” For the past two days, all have been looking for signs of loved ones who disappeared years or even decades ago into the secretive, sprawling prison just outside Damascus. But hope gave way to despair Monday. People opened the heavy iron doors lining the hallways to find cells inside empty. With sledgehammers, shovels and drills, men pounded holes in floors and walls, looking for what they believed were secret dungeons, or chasing sounds they thought they heard from underground. They found nothing. Insurgents freed dozens of people from the Saydnaya military prison on Sunday when Damascus fell. Since then, almost no one has been found. “Where is everyone? Where are everyone’s children? Where are they?” said Ghada Assad, breaking down in tears. An estimated 150,000 people were detained or went missing in Syria since 2011 — and tens of thousands of them are believed to have gone through Saydnaya. WASHINGTON — The top U.S. military commander for the Middle East was on the ground in Syria on Tuesday, meeting with a Kurish-led, U.S.-allied force at several bases in the country's east, U.S. Central Command said. Army Gen. Erik Kurilla visited with U.S. military commanders and troops as well as the Kurdish-led Syrian Democratic Forces. It wasn’t clear if he met with SDF leader Mazloum Abdi, and U.S. Central Command did not respond to a request for details about his visit or with whom he met. U.S. officials said they did not know what his message to the SDF was. The U.S has about 900 troops in Syria, including forces working with Kurdish allies in the northeast to prevent any resurgence of the Islamic State group. In a press release, Central Command said Kurilla received an “assessment of force protection measures, the rapidly evolving situation, and ongoing efforts to prevent ISIS from exploiting the current situation.” Kurilla then went on to Iraq where he met with leaders in Baghdad. UNITED NATIONS – The United Nations says it still getting reports about the looting of warehouses with humanitarian aid in a number of areas in Syria, including around the capital Damascus. U.N. spokesman Stephane Dujarric told reporters Tuesday that U.N. agencies and their partners are working to identify the extent of looting at the warehouses, including those of U.N. agencies and the Syrian Arab Red Crescent. Dujarric said U.N. aid officials report that “the humanitarian situation remains volatile across Syria, with reports of people continuing to be displaced.” Humanitarian officials reported that 25 trucks carrying U.N. aid crossed from Turkey to northwest Syria, which the situation is now relatively calm, the U.N. spokesman said. All 11 receptions opened in Idlib in the northwest to host newly displaced families were empty as of Monday, Dujarric said. In the northeast, he said, authorities report that as of Tuesday 100,000 people have been displaced due to fighting in Tal Rifaat and other parts of Aleppo governorate. Dujarric said the U.N.’s partners report that “reception centers in Tabqa and Raqqa have reached full capacity, and more than 200 sites – including municipal buildings, schools, mosques, and stadiums – are being used to accommodate newly displaced people.” BEIRUT — The Lebanese army said Tuesday that “unidentified gunmen” crossed the border from Syria into eastern Lebanon's Bekaa province and approached a Lebanese border post. In a statement, the army said the gunmen fired into the air and seized equipment from an evacuated Syrian army post in the outskirts of Kfar Fouq, near Rashaya al-Wadi, in the western part of Bekaa province. Lebanese army personnel responded with warning shots, forcing the group to retreat back into Syrian territory. The Lebanese army did not report any injuries or provide further details about the identity of the gunmen. WASHINGTON — Yemen’s Houthi rebels launched multiple drones and a missile at three commercial ships being escorted in the Gulf of Aden by U.S. Navy ships, a U.S. official said Tuesday. There was no damage and no injuries. The official, who spoke on condition of anonymity to discuss military operations, said U.S. Navy destroyers, and Navy helicopter and a French Air Force aircraft shot down four of the drones and the missile. The three U.S. affiliated flagged ships were sailing east toward Djibouti. The Iran-backed Houthis have targeted shipping through the key waterway for more than a year, attacks they say are meant to force an end to Israel’s war against Hamas in Gaza. JERUSALEM — Israel’s military said it bombed more than 350 sites in Syria during the previous 48 hours, targeting “most of the strategic weapons stockpiles” in the country. There is concern that, with the sudden collapse of the Syrian government, weapons stockpiles could be seized by jihadi militants. Warplanes hit what Israel said were Syrian air defense systems, military airfields, missile depots, and dozens of weapons production sites in the cities of Damascus, Homs, Tartus, Latakia, and Palmyra, the Israeli army statement said. In naval operations overnight Monday, Israeli missile ships struck two Syrian navy facilities simultaneously — Al-Bayda port and Latakia port — where the army said 15 Syrian naval vessels were docked. Israeli did not specify how many Syrian naval vessels were hit. The private security firm Ambrey said it had seen evidence that at least six Soviet-era Syrian navy missile ships were hit. Israeli officials said earlier that Israel also targeted alleged chemical weapons sites. JERUSALEM — Israeli Prime Minister Benjamin Netanyahu confirmed Tuesday that his country’s military launched a wave of airstrikes across Syria to destroy the toppled government’s leftover “military capabilities,” and said Israel wants relations with the new government emerging Syria. Hours after Israeli warplanes pounded Syria, Netanyahu said Israeli doesn’t want to meddle in Syria’s internal affairs, but would take necessary steps to protect Israel's security and prevent jihadi militants from seizing the Syrian army assets. He warned that if the new Syrian government “allows Iran to re-establish itself in Syria or allows the transfer of Iranian weapons or any other weapons to Hezbollah, or attacks us -- we will respond forcefully and we will exact a heavy price from it.” He spoke in a video statement recorded at the Kirya military headquarters in Tel Aviv, after his first day of testimony in his corruption trial. DAMASCUS, Syria — In Umayyad Square in Damascus, Syrians celebrated the fall of President Bashar Assad for the third day on Tuesday despite Israeli airstrikes across the country. Insurgents who recently took control of the capital city tried to impose a new rule banning the celebratory gunfire. There were a few violators, and much less deafening gunfire. Protesters climbed the square's central monument to wave the Syrian revolutionary flag. On the ground, crowds chanted: “Out with Bashar! Out with Bashar!” Assad fled to Russia over the weekend after a lightning rebel offensive toppled his brutal police state. Demonstrators from different provinces marched in the square in groups, celebrating Assad's fall. Men on motorcycles and horses paraded into the square. One woman from Idlib province shouted that the Israeli strikes ruined the joy of ousting Assad. “Why are you striking us? We just deposed a tyrant,” she said. “Give us peace. Leave us alone,” said Ahmed Jreida, 22, a dentist student, when asked about the Israeli airstrikes. Hamzeh Hamada, 22, said this was the first time he had gone out to a demonstration. “We want the country to get better, to live in dignity and be like other countries that respect citizens’ rights and where there are no bribes,” he said. “We have suffered a lot from bribes. ... We had to bribe people for very minor things; things that should be our right.” Abdul-Jalil Diab was taking a stroll with his brothers in another square in western Damascus. He said he came back from Jordan the day Damascus fell. He was there studying German to prepare to move to Germany and said he is now reconsidering his plans. He was ecstatic, saying words can’t describe how he feels. “We are happy to get rid of the corrupt regime that was based on bribes. The whole country feels better. Everyone is happy and celebrating,” Abdul-Jalil Diab said. QAMISHLI, Syria — Residents of northeast Syria in the area around Qamishli airport said Tuesday they heard explosions overnight after an airstrike hit trucks loaded with rockets and ammunition that were heading to a military base in Tartab. “We don’t know the story. It was only in the morning when we realized they are trucks loaded with ammunition, leftovers of the former army, the regime,” said Ibrahim al-Thalaj, who lives near the base. He said residents assumed that the strikes were Israeli. Israel has carried out a heavy wave of airstrikes across Syria targeting military infrastructure after Syrian insurgents toppled the government of Bashar Assad. However, Turkish security officials said Tuesday that the strike in Qamishli was carried out by Turkey, targeting weapons and ammunition that were abandoned by the Syrian army and seized by Syrian Kurdish militants. The explosions lasted for over 20 minutes after the strike, and many houses in the surrounding area were damaged as a result, residents of the area said. “We just felt a strike hitting. It hit the first one (truck) and we saw the other trucks retreating back, and from there rockets and shells started flying over,” said Hamid al-Asaad, an eyewitness from Qub al-Zeki village in Qamishli. “We were sitting when these explosions started to hit the house,” said Mahmoud Hamza of Tartab. “It was hitting randomly and we didn’t know where it was coming from. ... Once we got out of our house, a rocket hit the house.” There were no details released by the local Kurdish administration regarding the explosions, but members of the Kurdish-led Syrian Democratic Forces blocked the road to the base. BRUSSELS — The European Union’s top diplomat is concerned that Syria might violently fall apart like neighboring Iraq, or Libya and Afghanistan if its territorial integrity and the rights of minorities are not protected. “The transition will present huge challenges in Syria and in the region,” EU foreign policy chief Kaja Kallas told European lawmakers on Tuesday during a special hearing. “There are legitimate concerns about the risks of sectarian violence, extremist resurgence and the governance vacuum, all of which must be averted. We must avoid a repeat of the horrific scenarios of Iraq, Libya and Afghanistan,” she said. “The rights of all Syrians, including those of many minority groups, must be protected,” she said. “It is crucial to preserve the territorial integrity of Syria, and to respect its independence, its sovereignty, as well as the state institutions.” Kallas also said the collapse of the government has shown that Assad’s backers in Russia and Iran “could neither afford to do it any longer, nor had any interest of being present in the aftermath.” “They are weakened, distracted and overstretched in other theaters in the broader Middle East, but also in Ukraine,” she said. ANKARA, Turkey — Turkey’s intelligence agency, MIT, has attacked a convoy of trucks that was allegedly carrying missiles, heavy weapons and ammunition that were abandoned by the Syrian government and reportedly seized by Syrian Kurdish militias, Turkish security officials said Tuesday. The officials said 12 trucks, two tanks and two ammunition depots were “destroyed” in aerial strikes in the city of Qamishli, near the border with Turkey in northeast Syria. The officials provided the information on condition of anonymity in line with Turkish regulations. They did not say when the attack occurred. The officials said the intelligence agency detected that weapons left by the Syrian government forces were being moved to warehouses belonging to the Syrian Kurdish People’s Defense Units, or YPG. Turkey views the group as a terrorist organization because of its links to the banned Kurdish militants that have led a decadeslong insurgency in Turkey. According to the officials, he group was allegedly planning to use the equipment and supplies against Turkish security forces. By Suzan Fraser WASHINGTON — The White House is signaling its approval of Israel’s strikes against Syrian military and alleged chemical weapons targets and the seizure of a buffer zone in the Syrian Golan Heights after the fall of the Assad government. “These are exigent operations to eliminate what they believe are imminent threats to their national security,” White House national security spokesman John Kirby said Tuesday, saying the U.S. would leave it up to the Israelis to discuss details of their operations. “They have as always the right to defend themselves,” Kirby said. He declined to detail and U.S. intelligence cooperation with the Israelis that went into the strikes. Kirby said the White House was reasserting its support of the 1974 Golan Heights disengagement agreement, but didn’t criticize the Israeli seizure of the demilitarized zone. Israel has a long history of seizing territory during wars with its neighbors and occupying it indefinitely , citing security concerns. Israel captured the Golan Heights from Syria in the 1967 Mideast war and annexed it in a move not recognized internationally, except by the United States. WASHINGTON — The Biden administration says it will recognize and support a new Syrian government that renounces terrorism, destroys chemical weapons stocks and protects the rights of minorities and women. Secretary of State Antony Blinken said in a statement Tuesday that the U.S. would work with groups in Syria and regional partners to ensure that the transition from President Bashar Assad’s deposed government runs smoothly. He was not specific about which groups the U.S. would work with. Blinken says Syrians should decide their future and that other countries should “support an inclusive and transparent process” and not interfere. “The United States will recognize and fully support a future Syria government that results from this process,” he said. “We stand prepared to lend all appropriate support to all of Syria’s diverse communities and constituencies.” DAMASCUS, Syria — Jihad Mustafa Shibani was taking his new motorcycle for a spin with a friend around the house of the deposed Syrian president in western Damascus on Tuesday. Shibani was released from prison a week before the capital Damascus fell, after he served two years on charges of buying his motorcycle using foreign currency on accusations he was dealing in dollars. He was tortured for 15 days and and given a quick trial where he was sentenced for two years, he said. He was released the day Aleppo fell to the insurgents. “Everything was banned in Syria. The (Assad loyalists) only could use it,” Shibani said. He said he has never been to this neighborhood, because it was taken over by Assad, his family and supporters. “For 50 years, my family’s house is near here, and we don’t know anything about it. ... The Syrian people had been oppressed, you can’t imagine.” Shibani said he has no fear of the rebel newcomers who have taken control of the country. “We are not afraid. There can be no one more unjust than Bashar. Impossible.” BEIRUT — Lebanon’s prime minister is in contact with security and judicial officials to follow up on reports that senior members of President Bashar Assad’s government have fled to Lebanon. Najib Mikati’s office quoted him as saying that Lebanon abides by international laws regarding people who cross its borders. Rami Abdurrahman of the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said that several top security officials have entered Lebanon over the past two days. Abdurrahman added that Syria’s former intelligence chief Ali Mamlouk, who is wanted in Lebanon over two bombings in 2012 in the northern city of Tripoli that killed dozens, was allegedly brought to Lebanon by the Hezbollah militant group and was staying in a southern suburb of Beirut where the group has deep support. Lebanon’s Interior Minister Bassam Mawlawi, whose ministry is in charge of border crossings, told reporters Tuesday that no person who is wanted in Lebanon entered the country through legal border crossings. There are dozens of illegal border crossings between Lebanon and Syria where people are usually smuggled in and out of Lebanon, but it was not possible to independently confirm whether Mamlouk had entered Lebanon. GENEVA — The United Nations says humanitarian operations in two major areas in northwestern Syria have resumed, deploying food, medical supplies, fuel and other needed services and supplies. Spokesman Jens Laerke of the U.N. Office for the Coordination of Humanitarian Affairs reported that some health facilities were “overwhelmed” – in part due to staff shortages – and many border crossings have been closed, disrupting supply chains. OCHA said humanitarian operations in some parts of northwestern Syria were put on hold in the early days of the recent escalation, and resumed on Monday. “As of yesterday, all humanitarian organizations in Idlib and northern Aleppo have resumed operations,” Laerke told reporters at a U.N. briefing in Geneva. He said the three border crossings from Turkey used by the U.N. to deliver assistance into Syria remain open and “we are providing assistance in the northwest, including to those who have been newly displaced.” Even before the latest escalation, which led President Bashar Assad to flee the country, nearly 17 million people in Syria needed humanitarian assistance. More than 1 million have been displaced across Idlib, Aleppo, Hama and Homs since the escalation. JERUSALEM — Israel's Defense Minister Israel Katz said Tuesday that Israel's military destroyed Syria’s fleet overnight and intends to establish a demilitarized zone “in southern Syria” to prevent attacks on Israel. He also issued a warning to Syria’s rebels, saying that “whoever follows Assad’s path will end up like Assad — we will not allow an extremist Islamic terrorist entity to act against Israel across its border while putting its citizens at risk.” Speaking at a naval base in Haifa, Katz said the Israeli navy “operated last night to destroy the Syrian fleet and with great success.” Video showing the smoking wreckage of what appeared to be small Syrian naval ships in the port at Latakia was broadcast by Saudi-owned television station Al-Hadath on Tuesday. The Britain-based Syrian Observatory for Human Rights, which has closely tracked the conflict since the civil war erupted in 2011, said Israel targeted Syrian warships, military warehouses and an air-defense facility on the coast. Katz added that he had instructed the army to establish a “defense zone free of weapons and terrorist threats in southern Syria, without a permanent Israeli presence, in order to prevent terrorism in Syria from taking root and organizing.” It was unclear if the demilitarized zone would reach beyond the buffer zone that Israel has taken over in the border area. Israel has a long history of seizing territory during wars with its neighbors and occupying it indefinitely , citing security concerns. Israel captured the Golan Heights from Syria in the 1967 Mideast war and annexed it in a move not recognized internationally, except by the United States. DAMASCUS, Syria — Members of the Syrian government under ousted President Bashar Assad will gradually transfer power to a new transitional cabinet headed by Mohammed al-Bashir. The departing government met with al-Bashir for the first time since Assad fled Damascus over the weekend. Al-Bashir had previously led the “salvation government” running the rebel stronghold in northwest Syria. Al-Bashir told reporters after the meeting that the ministers discussed transferring the portfolios to the interim government during the transitional period until the beginning of March. He said that in the coming days the new government will decide on each ministry. DAMASCUS, Syria — Banks and shops are reopening in Damascus after the chaos and confusion of the first two days following the ouster of President Bashar Assad. Sadi Ahmad, manager of Syria Gulf Bank, said life is returning to normal. A customer who came to withdraw money from an ATM was surprised to see it functioning. At the historic Hamadiyeh market, fighters who seized power were still standing guard but shops had reopened — even an ice cream stand. Resident Maysoun Al-Qurabi said she was initially “against what happened,” referring to the insurgency, but changed her mind after seeing footage of rebels releasing inmates from the notorious Saydnaya prison. “People are at ease and secure now,” she said. “Before, people were hungry and scared.” DAMASCUS, Syria — Minority Christians in Syria have been living in a state of uneasy anticipation since insurgents headed by the Islamic militant group Hayat Tahrir Al-Sham took control after ousting President Bashar Assad. Mazen Kalash, a resident of Bab Touma, a Christian neighborhood in Damascus, said he wants to know the plans of the new government that will be formed by the rebels. “The important thing is to feel safe, bring order, law and respect to the citizens,” he said. “We need to be able to work whatever we want and do whatever we want without any interference from anyone.” The insurgents have so far attempted to reassure minorities that they will be protected. Large numbers of Syrian Christians, who made up 10% of the population, fled after the civil war erupted in 2011. Many of those who stayed supported Assad out of fear they might be targeted by Islamist insurgents. TEL AVIV, Israel — Israeli Prime Minister Benjamin Netanyahu lashed out at media during testimony at his corruption trial, which involves media moguls. “There has never been such a biased media in any democracy ... as there is in Israel,” Netanyahu told the court, describing his testy relationship with the press. He is accused of exchanging regulatory favors with media bosses for more positive coverage of himself and his family. He has denied wrongdoing. GENEVA — The U.N. envoy for Syria says armed groups that drove out President Bashar Assad have “been sending good messages” about national unity and inclusiveness but acknowledges that a Security Council resolution still counts the leading one as a terrorist group. With Syria’s future and stability still very much in flux since Assad’s departure over the weekend, Geir Pedersen suggested that the international community needs to help the country get through this turbulent moment. “We are still in what I would call a very fluid period. Things are not settled,” Pedersen told reporters at U.N. offices in Geneva on Tuesday. “There is a real opportunity for change, but this opportunity needs to be grasped by the Syrians themselves and supported by the U.N. and the international community.” Referring to Israeli military strikes in Syria, Pedersen said it was “extremely important that we now don’t see any action from any international country that destroys the possibility for this transformation in Syria to take place.” The insurgents are led by Hayat Tahrir al-Sham, or HTS, which grew out of an al-Qaida-affiliate called the Nusra Front that the Security Council listed as a terror group in a 2015 resolution. “This is obviously a complicating factor for all of us,” Pedersen said. “But we also have to be honest, we have to look at the facts and to see what has happened during the last nine years.” “The reality so far is that the HTS and also the other armed groups have been sending good messages to the Syrian people,” he said. “They have been sending messages of unity, of inclusiveness, and frankly speaking, also, we have seen in (the captured cities of) Aleppo and in Hama ... reassuring things on the ground." Ahmad al-Sharaa, previously known by his nom de guerre Abu Mohammed al-Golani, the leader of the insurgency and the founder of both groups Nusra and HTS, cut ties with al-Qaida in 2016 and says he is committed to pluralism and religious tolerance. ANKARA, Turkey — Turkey has “strongly” condemned Israel’s advance into Syrian territory, saying it was in violation of a 1974 agreement on a buffer zone inside Syria. “We strongly condemn Israel’s violation of the 1974 Separation of Forces Agreement, its entry into the separation zone between Israel and Syria, and its advance into Syrian territory,” Turkey’s Foreign Ministry said in a statement. The ministry accused Israel of “displaying a mentality of an occupier” at a time when the possibility of peace and stability had emerged in Syria. The statement also reiterated Turkey’s support to Syria’s “sovereignty, political unity, and territorial integrity.” Israeli troops on Sunday entered the buffer zone that had been established after the 1973 Mideast war and the military said it would deploy in “several other places necessary for (Israel’s’) defense.” TEL AVIV, Israel — Prime Minister Benjamin Netanyahu says he works 17 to 18 hours a day and that he is engulfed in meetings, especially during the past year that Israel has been fighting wars. Netanyahu was testifying in his long-running corruption trial. He has denied charges of fraud, breach of trust and accepting bribes in three separate cases. “If only I could steal away five minutes to enjoy some time with my wife,” he told the court Tuesday. TEL AVIV, Israel — An Israeli military official says troops plan to seize a buffer zone inside Syria as well as “a few more points that have strategic meaning.” The official spoke Tuesday on condition of anonymity in line with regulations. The official dismissed reports of a larger Israeli invasion as “rumors.” Prime Minister Benjamin Netanyahu said Sunday that Israeli forces were moving to control a roughly 400-square-kilometer (155-square-mile) demilitarized buffer zone in Syrian territory. The buffer zone between Syria and the Israeli-controlled Golan Heights was created by the U.N. after the 1973 Mideast war. Following the overthrow of President Bashar Assad, Israel sent troops into the buffer zone. It said the move was temporary and was aimed at preventing attacks. It said the 1974 agreement establishing the zone had collapsed and that Syrian troops had withdrawn from their positions. Israel has also carried out airstrikes across Syria in recent days targeting what it says are suspected chemical weapons and long-range rockets. Egypt and Saudi Arabia have condemned Israel’s incursion, accusing it of exploiting the disarray in Syria and violating international law. Israel captured the Golan Heights from Syria in the 1967 Mideast war and annexed it in a move not recognized by the international community, except for the United States. The rest of the world views the strategic plateau as occupied Syrian territory. — By Joseph Krauss DAMASCUS, Syria — Israel’s air force has carried out hundreds of airstrikes in different parts of Syria as its ground forces move north of the Golan Heights along the border with Lebanon, according to an opposition war monitor. The Britain-based Syrian Observatory for Human Rights said Tuesday that since the fall of President Bashar Assad’s government, Israel’s air force has carried out more than 300 airstrikes against research centers, arms depots and military infrastructure across Syria, as well as a naval base along the Mediterranean coast. Associated Press journalists in Damascus witnessed intense airstrikes on the city and its suburbs overnight into Tuesday morning. Photographs posted online by activists showed destroyed missile launchers, helicopters and warplanes. Meanwhile, Israeli troops marched along the border with Lebanon and now control a long stretch on the Syrian side facing Lebanon’s Rashaya region, according to the war monitor's head, Rami Abdurrahman, and the Beirut-based Al-Mayadeen TV, which has reporters in Syria. Israeli troops are now about 25 kilometers (15 miles) southwest of Damascus, according to the monitor. DUBAI, United Arab Emirates — Saudi Arabia has condemned Israel’s incursion into a buffer zone in Syria and a wave of Israeli airstrikes launched after the overthrow of President Bashar Assad. The Saudi Foreign Ministry said in a statement Tuesday that “the assaults carried out by the Israeli occupation government, including the seizure of the buffer zone in the Golan Heights, and the targeting of Syrian territory confirm Israel’s continued violation of the principles of international law and its determination to sabotage Syria’s chances of restoring its security, stability and territorial integrity.” Israel sent troops into a buffer zone inside Syria that had been established after the 1973 Mideast war. It said the move was temporary and was taken to prevent any cross-border attacks after Syrian troops withdrew. Israel has also carried out heavy airstrikes that it says are aimed at preventing suspected chemical weapons and long-range rockets from falling into the hands of extremists. Saudi Arabia has been in talks with the United States in recent years over normalizing relations with Israel in exchange for a U.S. defense pact, American assistance in establishing a civilian nuclear program and a pathway to the establishment of a Palestinian state. But the kingdom has also repeatedly condemned Israel’s actions in the Gaza Strip, where it is at war with the Hamas militant group. Last month, Saudi Arabia’s crown prince and day-to-day ruler Mohammed bin Salman accused Israel of committing genocide in Gaza , allegations Israel adamantly rejects.Donald Trump reacted Monday to the news that special counsel Jack Smith asked a federal judge to dismiss his election subversion case against the president-elect. On his social media platform, Truth Social, Trump posted in part: "These cases, like all of the other cases I have been forced to go through, are empty and lawless, and should never have been brought. Over $100 Million Dollars of Taxpayer Dollars has been wasted in the Democrat Party's fight against their Political Opponent, ME. Nothing like this has ever happened in our Country before." Trump then went on to call out Fulton County (Georgia) District Attorney Fani Willis , New York Attorney General Letitia James and Manhattan District Attorney Alvin Bragg for their cases against him. Concluding, Trump said, "It was a political hijacking, and a low point in the History of our Country that such a thing could have happened, and yet, I persevered, against all odds, and WON. MAKE AMERICA GREAT AGAIN!" On Monday, Smith moved for dismissal of the indictment against Trump without prejudice in a six-page filing with U.S. District Judge Tanya Chutkan , who then dismissed the case. Legal analysts pointed out the wording "without prejudice" means that in the future the case could be retried. In a post on X (formerly Twitter ), former U.S. Attorney Barbara McQuade wrote: "As expected, Jack Smith has filed a motion to dismiss Trump Jan 6 case on grounds that a sitting POTUS cannot be under indictment. But without prejudice, meaning the case can be brought again. Of courses there may be no appetite in 2029, but this preserves that option." Trump's White House communications director, Steven Cheung, also reacted to the news on Monday. "Today's decision by the DOJ [Department of Justice] ends the unconstitutional federal cases against President Trump, and is a major victory for the rule of law," he wrote in a statement sent to Newsweek by Trump's transition team. Trump was indicted in 2023 on charges involving interference with the results of the 2020 presidential election, leading up to the January 6, 2021, attack on the U.S. Capitol. Vice President-elect JD Vance reacted to the news on X saying, "If Donald J. Trump had lost an election, he may very well have spent the rest of his life in prison. These prosecutions were always political. Now it's time to ensure what happened to President Trump never happens in this country again." Update: 11/25/24, 5:31 p.m. ET: This article was updated to include JD Vance's X post and additional background.
NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp”), a leading mining development company focused on critical metals and minerals and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners, today announced the appointment of Mr. Steven R Parkes as Chief Financial Officer following the agreed transition of Ms. Melissa Chapman from the role, effective 9 December 2024. The Company also announced that Ms. Carolyn Trabuco has stepped down from her position as an Independent Director of the Board. Ms. Chapman, based in Australia, has been serving as Interim Chief Financial Officer since Critical Metals Corp commenced trading on the Nasdaq in February 2024. The Board of Critical Metals Corp would like to thank Melissa for her valuable contribution during the listing process, especially navigating the long hours faced with the time zone issues. Mr. Parkes has over 30 years of diversified international financial management experience as a CFO for public, private equity backed and privately held companies. Following nine years in public accounting for PKF International in Australia, Mr. Parkes has been based in New York City where his career has spanned senior financial positions for global companies including RGP, WPP, Omnicom, Mach7 Technologies and USHealthConnect. His experience spanning both USA and Australian accounting standards will be invaluable moving forward. Mr. Parkes is a Certified Public Accountant (CPA) which he earned in 2003. He also earned Bachelor of Business Administration in Accounting in 1996 from the University of Newcastle. Separately, the Company announced that Ms. Carolyn Trabuco has stepped down from her position as an Independent Director of the Board to pursue other opportunities. Ms. Trabuco initially joined Critical Metals Corp's Board as part of the Company's successful business combination with Sizzle Acquisition Corp., where she served as a Director and helped guide the SPAC through its merger process. The Board extends its sincere gratitude to Ms. Trabuco for her significant contributions to Critical Metals Corp, particularly during the Company's successful Nasdaq listing and subsequent strategic acquisitions. The Board has initiated a search process and expects to announce Ms. Trabuco's successor in the near term. About Critical Metals Corp. Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners. Its initial flagship asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable building block in an expanding geostrategic critical metals portfolio. For more information, please visit https://criticalmetalscorp.com/ . Cautionary Note Regarding Forward Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include, without limitation, statements regarding the financial position, financial performance, business strategy, expectations of our business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “designed to” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements may include statements, among other things, relating to: general economic conditions and conditions affecting the industries in which the Company operates; expansion and other plans and opportunities, including expansion into other strategic assets; and other statements preceded by, followed by or that include the words “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or similar expressions. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the “Risk Factors” section in the Company’s Shell Company Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 3, 2024 and in the Company’s proxy statement/prospectus, dated December 27, 2023, as supplemented by that proxy statement/prospectus supplement No. 1, dated February 15, 2024, forming a part of Registration Statement on Form F-4 (File No. 333-268970), as amended, which was declared effective on December 27, 2023. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Critical Metals Corp. Investor Relations: ir@criticalmetalscorp.com Media: pr@criticalmetalscorp.comInuwa Signs Gombe Appropriation Bill Of N369.9bn Into Law
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