Digital Asset DirectWhat’s Cool for School 2024
News Media Group, Inc.
Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
August 01, 2024 01:10 PM Eastern Daylight Time
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Digital Asset Direct
News ReleaseWire Media Group Expands U.S. Reach to 50M+ in 2024
WagerWire
Wire Industries, Inc., a technology and media company that owns and operates sports betting marketplace WagerWire, fantasy sports marketplace FantasyWire, and media division Wire Media Group (WMG), announced today it has hit a significant milestone in the growth of Wire Media Group. WMG content has been viewed over 250M times in the last year and has been featured in the New York Post, USA Today, Bleacher Report, ESPN, Bloomberg and CNBC, among others, collectively reaching 50M+ sports fans with its own content in the first half of 2024. The Wire Media Group has rapidly risen in popularity, fueled by a community of sports fans and bettors enjoying viral stories of life-changing bets trading on the WagerWire marketplace, daily sports and betting news and analysis, and pop culture. “The Wire” is a content collective of top-tier creators and networks as well as original in-house content, with partners including Betr Media, Pro League Network (PLN), The Hammer Betting Network, East Coast Sports Investors, WalterPicks, and Brad Evan’s The Gaming Juice. The WMG content technology team, led by Allan Valle, has built and trained an A.I. content aggregation and amplification system to rapidly clip and syndicate partner content across mediums and channels. The cutting-edge system analyzes trends and cross-targets audiences, breaking partner networks and creators out of their algorithmic silos, resulting in increased discoverability. In addition to engaging content, WagerWire’s popular betting free tools including their Bet Value Calculator and Bet Graphs amass thousands of hits a day. “We create content by fans, for fans and The Wire Media Group was engineered to have something to offer to everyone,” said Travis Geiger, Co-founder and Chief Experience Officer of Wire Industries, Inc. “It’s weird to us that companies who literally profit off their player’s losses are out there giving picks and advice – and worst of all, paying lip service to the idea of responsibility while laughing out loud about degeneracy. People are smart enough to see through the shill. The Wire doesn’t have a hidden agenda. We answer to our community and no one else and we have the freedom to be creative and honest in all we do. What we offer is different, and we’re pleased at the positive response we’ve received to date.” The Wire Media Group also operates the company's affiliate marketing division, The Sports Influencers, which has seen tremendous growth in the first half of 2024. The program has seen 378% growth since the start of the year, growing 40% month-over-month, and has affiliate deals with FanDuel, Caesars, BetMGM, and Betr, to name a few. The Sports Influencers are operating in 23 states, Washington DC, Ontario and Puerto Rico. WagerWire recently won the EGR Rising Star of the Year award and was shortlisted for Rising Star of the Year and Affiliate of the Year at SBC North America, as well as Best X Presence at the Hashtag Sports Awards. WagerWire was also named to Business Insider’s list of 25 promising sports startups to watch, according to VC’s and other top investors. FantasyWire was shortlisted as Innovation of the Year by the Fantasy Sports and Gaming Association (FSGA). WagerWire burst onto the scene in 2022 with the announcement of a high-profile seed round led by Miami Marlins co-owner Roger Ehrenberg and including Betr/Simplebet Founder Joey Levy’s 305 Ventures, NBA All-Star Richard Jefferson, famed ‘Big Short’ investor Danny Moses, sports executive David Meltzer, and more. About Wire Industries Wire Industries Inc. was established in 2021 and owns and operates Wire Technologies and Wire Media Group. Wire Technologies is the company’s marketplace division including WagerWire, FantasyWire, PonyWire and ContestWire, while Wire Media Group operates their media network and affiliate marketing division. The business was founded with the mission to bring a more efficient, open, and entertaining market to real money gaming of all types, unlocking value for the entire ecosystem. You can download their flagship product WagerWire in the Apple App Store and Google Play, and find them @WagerWire on Twitter/X, TikTok and LinkedIn, or @WagerWireLive on Instagram. Wire Industries is dedicated to providing a responsible gaming environment. If you think you or someone you know may have a gambling problem, resources are available. Call 1-800-GAMBLER or reach out to their Chief Responsibly Officer Carolina Young directly at live@wagerwire.com. Contact Details Bailey Irelan birelan@hotpaperlantern.com Company Website https://www.wagerwire.com/
August 01, 2024 10:40 AM Eastern Daylight Time
News ReleaseChelsea Piers Fitness Unveils a Luxurious 60,000-Square-Foot Club in Flatiron
Chelsea Piers Fitness
Chelsea Piers Fitness today announced the opening of its Flatiron club at 308 Park Ave S in One Madison Avenue, marking a significant milestone in the brand’s expansion of its legacy throughout the New York City Metro area. With a focus on supporting the city’s evolution as a leader in sports, fitness, entertainment, and hospitality - Chelsea Piers continues to break down barriers and shape the future of fitness with an inclusive approach that embraces the local community with unique amenities and experiences. Located in the iconic One Madison Avenue building developed by SL Green, Chelsea Piers Fitness Flatiron spans over 60,000 square feet across four floors. This elite facility sets the standard for modern premium fitness, providing cutting-edge amenities such as a contrast therapy suite, meticulously crafted locker rooms that include relaxing steam and sauna experiences, and distinctive studio spaces with salt walls and infrared technology. A strong emphasis on community wellness can be seen throughout the facility as well, with the layout built to cultivate in-person social engagement. From a floor dedicated to co-working and social experiences to Roman bath inspired recovery spaces - Chelsea Piers Fitness is revolutionizing the fitness industry by reimagining the concept of a gym, transforming it into a true community with spaces designed for gathering. "Our expansion into the Flatiron community represents a milestone for Chelsea Piers Fitness, pairing our unmatched fitness experience with one of Manhattan’s most active neighborhoods," said David Tewksbury, CEO and Co-Founder of Chelsea Piers Fitness. "We designed our Flatiron club to be a destination where the community can come together to prioritize health and wellness. With extensive amenities and a strong focus on community and wellbeing, this new location embodies our dedication to making a positive impact on New Yorkers’ lives." To design a space that honors the brand’s deep roots in New York City and the essence of its new locale Chelsea Piers Fitness joined forces with Dan Fink Studio, a distinguished interior design and architecture firm. The club embodies a blend of modernity and heritage, combining cutting-edge wellness technology with timeless architectural motifs reminiscent of New York's iconic public buildings. Paying homage to Chelsea Piers Fitness' legacy, the design artfully integrates elements from its original location — including industrial red trusses and a grand staircase constructed with materials inspired by the flagship Pier 60, and custom leaded stained glass windows to represent the hues of the Hudson River. Furthermore, the club features a curated collection of commissioned artwork from local New York artists that celebrates the Flatiron neighborhood's spirit, adding a distinctive cultural layer to the member experience. “Designing this club was an unbelievable journey, weaving the rich history of both Chelsea Piers Fitness and New York City into an architectural narrative,” said Ariel Calderón, Vice President Architecture and Design at Chelsea Piers Fitness. “Our goal was to create a welcoming and inclusive space that embodies community and New York City’s dynamic spirit – a place where people can gather, exercise, work, and connect, capturing the essence of Chelsea Piers." Chelsea Piers Fitness’ Flatiron facility boasts top-of-the-line amenities and offerings, including: Himalayan Salt-Covered Wall + Infrared Yoga Studios – unique studio spaces that offer a myriad of health & wellness benefits Co-Ed Contrast Therapy Suite – communal wellness space offering opportunities for contrast therapy with a 10-person infrared sauna Boutique Classes – 120+ weekly classes run by top-tier group fitness instructors + personal trainers Fully-Stacked Strength + Cardio Floors – a strength floor offering a 4,000-square-foot multi-functional turf, boxing bags, TRX, olympic platforms, complimentary fitness assessments and more, plus a dedicated cardio floor stacked with a second functional turf, Peloton bikes, a fleet of Woodway equipment, and the only gym in NYC with the new Symbio treadmills from Life Fitness equipment. Massive Members Lounge + Co-Working Space – a 6,000 square foot lounge with numerous library-style tables and privacy booths, and a dedicated quiet-area Luxury Locker Rooms – immaculate steam & sauna experiences crafted with recovery and relaxation in mind, stocked with Malin + Goetz personal care products For more information about Chelsea Piers Fitness Flatiron and membership opportunities, visit fitness.chelseapiers.com/locations/flatiron. About Chelsea Piers Fitness The Chelsea Piers brand represents the New York Metro area’s most dynamic sports and fitness center with its original 28-acre waterfront sports village complex located between 17th and 23rd Streets along Manhattan’s Hudson River. Chelsea Piers opened in 1995, transforming four historic, but long-neglected, piers into a major center for public recreation and waterfront access. Situated on Piers 59, 60, and 61 in the head house that connects them, Chelsea Piers features the Golf Club, Field House, Sky Rink, Chelsea Piers Fitness, and Bowlero at Chelsea Piers; the Pier Sixty, Lighthouse, and Current event centers; along with movie and television studios and The Marina at Chelsea Piers. In June 2018, Chelsea Piers opened its first stand-alone fitness club, Chelsea Piers Fitness in Downtown Brooklyn. The Chelsea Piers Fitness brand redefines the traditional gym experience, incorporating state-of-the-art training options, studio-quality class experiences, open creative spaces, unique design, and first-rate customer service. The clubs offer a wide array of traditional fitness options such as hot yoga, Pilates, cycle, strength, and cardio as well as sports specific fitness options like swimming, boxing, rock climbing, basketball, and sand volleyball. Chelsea Piers Fitness club locations include Chelsea, Downtown Brooklyn, Flatiron, Prospect Heights Brooklyn, and Stamford CT. About SL Green Realty Corp. SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of June 30, 2024, SL Green held interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. About One Madison Avenue Developed by SL Green Realty Corp., One Madison Avenue is a 27-story newly developed office tower located in Midtown South, adjacent to Madison Square Park. The 1.4 million-square-foot office tower provides the highest standard for today’s workplace with forward-thinking amenities and a cutting-edge healthy work environment, in addition to an amenity-rich and curated retail collection at the base of the building. It features oversized roof terraces, “The Commons”, a 7,000-square-foot tenant-only amenity space and Le Jardin sur Madison, a one-of-a-kind 6,200-square-foot rooftop event space designed by renowned architect David Rockwell with a lushly landscaped 5,000-square-foot rooftop garden by SMI Landscape Architecture. The newly transformed office tower will also feature La Tête d’Or, a refined steakhouse by Michelin-starred Chef Daniel Boulud. Notable tenants include Chelsea Piers Fitness, International Business Machines Corporation (“IBM”), Franklin Templeton, Coinbase, Palo Alto and FanDuel. Contact Details Powers PR Alex Turk alext@powers-pr.com Company Website https://fitness.chelseapiers.com
August 01, 2024 09:12 AM Eastern Daylight Time
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News ReleaseRenowned Family-Run Hospitality Group Takes Over Three Iconic Virginia Dining Destinations
Pack Brothers Hospitality
Pack Brothers Hospitality is thrilled to announce the expansion of its esteemed portfolio with the addition of three iconic dining establishments, bringing a new level of excellence and personal touch to Virginia’s vibrant culinary scene. The new additions—Decoys Seafood and Bennetts Creek Marina, Vintage Tavern, and River Stone Chophouse—promise to deliver memorable dining experiences, each with its own distinct flavor and atmosphere. A Legacy of Excellence in Hospitality As a family-run duo, Pack Brothers Hospitality has a proven track record of quality, attention to detail, hospitality, and being community-minded. Known for their exceptional restaurants and hotels across Virginia, the Pack Brothers have cultivated a reputation for delivering unforgettable experiences through meticulous attention to detail and a genuine passion for hospitality at properties like Smithfield Station in Smithfield, Virginia, and The Surry Seafood Company in Surry, Virginia. “We are excited to welcome Decoys Seafood, Vintage Tavern, and River Stone Chophouse into the Pack Brothers family,” said Randy Pack, Co-Founder of Pack Brothers Hospitality. “Each of these restaurants has a storied history and a loyal following, and we are honored to build on their success. Our mission is to preserve the unique character of these establishments while infusing them with our commitment to excellence and personal service.” Introducing The Newest Additions in Suffolk, Virginia DECOYS Seafood Restaurant and Bennetts Creek Marina Waterfront Restaurant, Blind Duck Tiki Bar, Bennetts Creek Marina, and Cottages on the Point Escape the hustle and head to Decoys, with its stunning views of Bennetts Creek. This restaurant specializes in an innovative menu that features a range of gourmet comfort foods, from artisanal burgers and hand-cut fries to creative seafood dishes and farm-fresh salads. With its on-site seafood restaurant, 60-slip marina, The Blind Duck Tiki Bar featuring live entertainment on the weekends on its deck, and four luxurious cottages for your overnight stay, Decoys has a warm, inviting ambiance and is set to become the go-to spot for both casual dining and special occasions. VINTAGE TAVERN Step into a restaurant with genuine character where great food is served without pretension. A place that welcomes guests with a relaxed atmosphere and surrounds them with rustic arts and crafts architecture such as exposed beams, Rumsford fireplaces in each dining room, and game trophies in the lounge. From the exhibition kitchen come signature dishes prepared by the culinary team, among them an appetizing Taste of Southern Goodness sampler of homemade biscuits, house-made sausages, shaved Virginia ham, deviled eggs, house-made spreads such as strawberry jam, and seasonal entrees like oven-baked flounder with herb-onion spoon bread and lemon brown butter sauce. Vintage Tavern just received its two-stem award from Wine Spectator, showcasing its deep commitment to wine. The menu is truly Seasonally Southern. RIVER STONE CHOPHOUSE The River Stone Chophouse is Coastal Virginia’s premier Chophouse featuring Steaks, Seafood, and Raw Bar. The only restaurant locally aging Hereford Beef and custom cutting our own steaks to delight every carnivore. Signature dishes include a 22 oz. Dry Aged Ribeye, aged in-house for 28 days, Deviled Crab Dip, and Live Maine Lobsters. A rotating selection of oysters, plus seasonal salads and sides, complete the dining experience. Exceptional service combined with a carefully selected Two Stem award-winning wine list makes dining at River Stone an unforgettable experience. The Arts and Crafts inspired space includes a stone fireplace, romantic booths, dramatic lighting, an oyster and raw bar, and a vibrant bar scene featuring Happy Hour every weekday. A separate bar menu offers more casual selections including a ½ lb burger, House Cut Fries, and a Philly Steak Spring Roll. Outside the bar, the stone patio with a fire pit offers a relaxing atmosphere for an after-dinner cocktail or to enjoy a fine cigar. The second floor offers four private rooms with exceptional audio-visual to accommodate all your meeting needs. A New Chapter for Virginia’s Culinary Scene The acquisition of these celebrated restaurants marks an exciting new chapter for Pack Brothers Hospitality. The Pack brothers' passion for creating outstanding dining experiences and their commitment to maintaining high standards of quality and service will ensure that Decoys Seafood and Bennetts Creek Marina, Vintage Tavern, and River Stone Chophouse continue to be beloved destinations for locals and visitors alike. “We look forward to the dedicated teams at each restaurant and working together to uphold the high standards that these establishments are known for,” said Randy Pack, Co-Founder of Pack Brothers Hospitality. “Our goal is to honor the legacy of these iconic restaurants while introducing new elements that will delight our guests and keep these venues at the forefront of Virginia’s dining scene.” Company Links: Website: Pack Brothers Hospitality Decoys | Instagram Bennetts Creek Marina Vintage Tavern | Instagram River Stone Chophouse | Instagram #PackBrothersHospitality #VirginiaDining #DecoysSeafood #BennettsCreekMarina #VintageTavern #RiverStoneChophouse #SuffolkVirginiaRestaurants #FamilyRunHospitality #CoastalVirginiaCuisine #GourmetComfortFoods #SeasonallySouthern #WineSpectatorAward #HerefordBeef #Chophouse #RawBar #FineDiningVirginia About Pack Brothers Hospitality Experience Exceptional Hospitality: Discover a realm where luxury intertwines with approachability and warmth, where every detail is meticulously crafted to exceed your expectations. Pack Brothers collection of properties offers a sanctuary for those seeking refinement and rejuvenation along the Virginia coastlines. At Pack Brothers Hospitality, hospitality is not just a service—it’s a passion. Our dedicated team is committed to anticipating your every need and ensuring that your experience with us is nothing short of exceptional. Pack Brothers Hospitality is a family-owned and operated company known for its exceptional restaurants and hotels across Coastal Virginia. With a focus on quality, innovation, and personalized service, Pack Brothers Hospitality has established a reputation for creating memorable experiences that reflect a deep passion for hospitality and community. Contact Details Pack Brothers Hospitaltiy Randy Pack +1 757-357-7700 randy.pack@packbrothershospitality.com Company Website https://www.packbrothershospitality.com/
August 01, 2024 09:00 AM Eastern Daylight Time
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News ReleaseAmeriLife Welcomes Elite Insurance Group to Its Rapidly Expanding Health Distribution Network
AmeriLife
AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that it has partnered with Elite Insurance Group, an independent, Reidsville, Georgia-based insurance brokerage that specializes in the Medicare, health insurance, and life insurance markets. Per the agreement, terms of the deal were not disclosed. “We are so happy to become part of the AmeriLife family,” said David Wilson, owner and Chief Executive Officer of Elite Insurance Group. “This partnership will allow us to take our business to the next level and ensure the continued success of our company.” “This partnership gives us and our employees the opportunity to provide outstanding resources and benefits that our clients deserve,” added Hunter Davis, Chief Operating Officer of Elite Insurance Group. “We look forward to expanding the excellence of the Elite Insurance Group brand with our new partners.” Elite Insurance Group, which is licensed in 28 states and has satellite offices in Alabama, Virginia, and Kentucky, has been serving the senior market since 2005, by simplifying the health and life insurance buying process for clients – all with a personal touch. As a full-service brokerage founded on the values of honesty, integrity, and trust, the company offers deep and diverse plan options from some of the industry’s top carriers to ensure its clients find the best benefits and savings for themselves and their families. As Elite Insurance Group joins AmeriLife’s growing Health Distribution organization, it will enjoy access to a number of best-in-class platforms, tools, and resources that will help accelerate its already impressive growth and serve more beneficiaries. “I’m thrilled to welcome David, Hunter, and their ‘Elite’ team to AmeriLife,” said Scotty Elliott, Chief Distribution Officer of Health for AmeriLife. “As we continue to navigate disruption and change throughout our industry, it’s important that we bring onboard strong, resilient partners who are built for clients’ needs today and tomorrow, and Elite Insurance Group is exactly that kind of partner. We can’t wait to get to work together.” ### About Elite Insurance Group Since 2005, Elite Insurance Group has been specializing in the senior market. As an independent insurance company, we strive to uphold professional values such as honesty, integrity, and trust. By following these guiding principles, we have become just what our name states: elite. Our mission at Elite Insurance Group is to support and provide our agents with the resources they need to serve the senior market with the appropriate selections of health and life insurance products they and their clients need. To learn more, visit Elite-InsGroup.com. About AmeriLife AmeriLife’s strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. In doing so, AmeriLife has become recognized as a leader in developing, marketing, and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. For more than 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers served through a distribution network of over 300,000 insurance agents and advisors and 120 marketing organizations and insurance agency locations nationwide. For more information, visit AmeriLife.com, and follow AmeriLife on Facebook and LinkedIn. Contact Details Media Jeff Maldonado media@amerilife.com Partnership Inquiries Patrick Nichols corporatedevelopment@amerilife.com Company Website https://amerilife.com/
August 01, 2024 09:00 AM Eastern Daylight Time
News ReleaseSmithsonian’s National Postal Museum to Open Voting by Mail Exhibition
National Postal Museum
Voting by mail did not start during the Covid-19 pandemic. It began in various forms during the Civil War when soldiers could not get home to vote and it picked up steam again during World War II for the same reason. Mail has been and continues to be a method for providing citizens with access to election information and materials. Today, every state has some form of voting by mail. The National Postal Museum’s exhibition “Voting by Mail: Civil War to Covid-19” explores the significant role of voting by mail in America’s democracy. Over time, legislation for both military and civilian voting using the mail has been shaped by events and politics with provisions added, removed and amended. On view Saturday, Aug. 24, through Feb. 23, 2025, “Voting by Mail” invites visitors to explore the changing logistical and political reasons for the various ways mail has been part of the election process, and how it continues to define where, when and how Americans vote in elections. Early methods for absentee voting that used the mail enabled military members to participate in elections when wartime deployments took them away from their polling precincts. The Civil War and World War II caused many states to temporarily establish or expand absentee voting for significant numbers of voters in the military. Allowances for civilians voting absentee grew in the early 20th century and in 1901 Kansas became the first state to permit voting by mail but limited this to railroad employees traveling for work. Since the 1980s, in addition to in-person voting, some jurisdictions, including eight states and the District of Columbia, have instituted all-mail voting with the automatic distribution of ballots to registered voters. The public health emergency of the Covid-19 pandemic brought about temporary procedures, new laws and debates over using the mail for voting. Objects on display focus on the early history of voting by mail in the U.S. and ways the mail is used in modern elections. A Civil War envelope for mailing soldiers’ votes on a tally sheet enabled deployed military service members to participate in the Ohio state election of 1864. World War II absentee voting materials developed for U.S. Armed Forces, including the design of a blank ballot allowed the government to distribute them before specific candidate names became available, thus accommodating weeks-long mailing time for U.S. forces overseas. Examples of modern election mail including an absentee ballot, an envelope for a mail-in ballot, an official election information guide, and notices announcing elections. “We are excited to present the role of mail in U.S. elections for government representatives serving the American public,” said Elliot Gruber, director of the museum. “The history of mail as an official conduit of election information and election voting materials has long been part of our nation’s history.” The exhibition is supported by public and exhibition programming, as well as educational resources for teachers. A special website makes available the stories, themes and historical artifacts presented in the exhibition. About the Smithsonian's National Postal Museum The National Postal Museum is devoted to presenting the colorful and engaging history of the nation's mail service and showcasing one of the largest and most comprehensive collections of stamps and philatelic material in the world. It is located at 2 Massachusetts Ave. N.E., Washington, D.C., across from Union Station. The museum is currently open Friday through Tuesday, 10 a.m. to 5:30 p.m. For more information about the Smithsonian, call (202) 633-1000. Contact Details Smithsonian National Postal Museum Marty Emery +1 202-431-8963 emerym@si.edu Company Website https://postalmuseum.si.edu/
July 31, 2024 09:26 AM Eastern Daylight Time
News ReleaseHow Small Cap Companies Like Gaucho Group Holdings (NASDAQ: VINO) Are Showing Up Tech Giants
Benzinga
By Gerelyn Terzo, Benzinga In case you haven’t noticed, there’s been a rotation unfolding in the stock market, in which investors are fleeing high-flying Big Tech companies and flocking to small cap names. This is creating new pockets of strength in various sectors of the economy, like homebuilders. While there are varying definitions of small cap stocks, they are generally those with a market capitalization in the range of $300 million to $2 billion. However, don’t let their size fool you, as small caps have a big influence in the market. This shift has been apparent in the performance of the Russell 2000, an index reflecting investor sentiment around small-cap stocks. The index has had an impressive run this summer, skyrocketing by 12% over a five-day stretch in July, leaving the S&P 500 in the dust for the first time in history. In the week leading up to July 19, the broader market index sank nearly 2%, its worst showing in three months. Investors flocked to small-cap stocks in response to signs of easing inflation after the Consumer Price Index (CPI) declined by 0.1% in June, something it hasn’t done since the pandemic years. Lower inflation bodes well for the profitability of companies operating in corporate America and beyond. As the sector rotation continues to unfold, new pockets of strength are emerging in areas like homebuilders, as investors bet on the likelihood that the Federal Reserve will reverse course on its monetary policy campaign and begin cutting interest rates. This optimism is being reflected in market indices like the SPDR S&P Homebuilders ETF (XHB), which in mid July climbed by a double-digit percentage to a fresh all-time high. One company that is strategically positioned to benefit from this paradigm shift is Gaucho Group Holdings (NASDAQ: VINO), a Miami-based holding company. Gaucho’s portfolio comprises e-commerce platforms, fine wines and luxury real estate, while specializing in uncovering opportunities in Argentina's undervalued luxury real estate and consumer marketplace. On July 23, Gaucho Holdings’ stock tacked on 5% on the bullish sentiment surrounding these sectors. In addition to stock market momentum, Gaucho Holdings has several other tailwinds that are helping to propel the company forward. Argentina’s Green Shoots Of Economic Recovery While Gaucho Holdings’ roots are in the United States, the company has been embedded in South America for over a decade. Given its mission to identify and develop opportunities that offer investors diversification outside of the U.S, Gaucho has set its sights on Argentina’s undervalued luxury real-estate and consumer marketplace. With a management team exhibiting both caution and care, Gaucho Holdings has a vested interest in the condition of the Argentinian economy. After being mired in a recession since early 2024, Argentina’s economy has officially emerged from the doldrums, expanding a staggering 1.3% in May compared with April’s showing. On a year over year basis, GDP expanded by an even more impressive 2.3%, bucking the downward trend that was expected to persist. The economic rebound in May can be partially attributed to President Javier Milei, who took the helm of the nation at year-end 2023 when Argentina's economy was deeply mired in recession. President Milei’s less bureaucratic policies, chief among which include the implementation of significant spending cuts, have paved the way for a drastic reduction in inflation from 25.5% in Q4 2023 to 4.6% in June. Gaucho has been outspoken in its support of President Milei, communicating its approval of Argentina’s recently announced reform bills. These proposals included key state overhaul and tax packages introduced by President Milei, allowing him to advance his agenda and paving the way for an economic turnaround. While there’s still more work to be done, Argentina’s economy appears to be out of the woods. This is a sign of strength for Argentina’s luxury goods industry, including wine and real estate, both of which are represented in Gaucho Holdings’ portfolio through brands like Gaucho - Buenos Aires and Algodon Wine Estates. Gaucho Group Benefits From Homebuilder Momentum Perhaps the most promising of sectors in which Gaucho Holdings is involved is the housing sector, where homebuilder momentum has been on the rise of late. Gaucho’s Algodon Wine Estates has introduced a vineyard home rental program, capitalizing on demand for both real estate and the luxury lifestyle experience. The program is designed for private homeowners on the Algodon Wine Estates located in San Rafael, Mendoza, Argentina. By listing their homes for rent, either for the short or long term, homeowners can collect rental income while not occupying the residences. Algodon homebuilders benefit too, as they will be better able to finance luxury home construction. The maiden property to be highlighted in this program was that of Gaucho Group Holdings Founder Scott Mathis, featuring a 6,000 sq. ft. villa. The timing of Algodon’s vineyard estate rental program couldn’t be better, now that Argentina’s economy is showing green shoots of growth. Photo courtesy of Gaucho Group Holdings Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
July 31, 2024 08:45 AM Eastern Daylight Time
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News ReleaseLeaders in Real Estate Weigh in on National Rent Cap Proposals
K3 Holdings
K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States issued a statement today regarding the recent proposal by the President of the United States to implement a national cap of 5% on annual rent increases. While leaders of K3 Holdings and Alpine LA Properties commend the White House's effort to address the escalating costs of housing, leaders believe that the proposed one-size-fits-all approach falls short in addressing the complexities of housing affordability across diverse regions. "Rent control policies, like the proposed national cap, are intended to stabilize housing expenses for tenants. However, the effectiveness of such policies, especially at a national level, remains a contentious issue," said Michael Kadisha, Principal of K3 Holdings. "While rent stabilization can provide much-needed stability to tenants, the recent White House proposal overlooks the crucial ties to economic metrics and the diverse circumstances of renters and property managers." Housing markets vary significantly across the United States, and what works in one region may not be suitable for another. Existing local rent control measures reflect regional nuances but would fall short if implemented on a national scale. "In addition to relieving pressure on renters, it is essential to recognize that landlords also face increasing costs in maintaining properties," added Nathan Kadisha, Principal of K3 Holdings. "While rent controls might stabilize or reduce rent increases, they do little to address the rising operational costs landlords face, such as maintenance, utilities, insurance, and other expenses." Market dynamics heavily influence rent prices, with supply and demand playing critical roles. Policies that discourage new construction or renovations due to stringent rent caps could exacerbate housing shortages, driving rents even higher in the long run. “Effective policy making demands a balanced approach —one that prioritizes stability, fairness, and inclusivity,” Nathan Kadisha continued. “By fostering collaboration between policymakers, tenants, landlords, and other stakeholders, we can work towards building stronger communities where safe, stable, and affordable housing is accessible to all.” “As property managers, K3 Holdings stands ready to engage in constructive dialogue and collaboration towards these shared goals. Together, we can envision a future where housing insecurity is a thing of the past, and every individual and family can thrive in a home they can afford,” Michael Kadisha said. “By striving for comprehensive, locally adaptable solutions, we can pave the way towards a more equitable housing landscape for all Americans.” ### For more information or to schedule an interview with a K3 spokesperson, please contact Dan Rene at 202-329-8357 or dan@danrene.com Contact Details Dan Rene +1 202-329-8357 dan@danrene.com
July 25, 2024 02:15 PM Eastern Daylight Time
News ReleaseThis Men’s Telehealth Company Has A Unique Take On Telehealth And Products
Benzinga
By Johnny Rice, Benzinga Jacob Cohen, CEO of Mango Rx (NASDAQ: MGRX), was recently a guest on Benzinga’s All-Access. Mangoceuticals is focused on developing a variety of men's health and wellness products and services via a secure telemedicine platform. To date, the company has identified men's wellness telemedicine services and products as a growing sector especially related to the area of erectile dysfunction (ED), hair growth, and hormone replacement therapies. Learn more here: Featured photo by Taylor Grote on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
July 25, 2024 09:05 AM Eastern Daylight Time
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