Modelo and Juixxe Team Up to Celebrate Street Vendors for the Launch of Modelo Spiked Aguas Frescas

The No. 1 imported Mexican beer brand and famous Southern California changemaker, Juixxe, recognize the Fighting Spirit of aguas frescas vendors, who keep the beloved Mexican street drink tradition alive

CHICAGO, April 27, 2023 (GLOBE NEWSWIRE) — Modelo announced today the launch of its latest product innovation – Modelo Spiked Aguas Frescas – a new line of vibrant and flavorful spiked malt beverages that celebrate the bold, fruit-forward taste of authentic aguas frescas found in Mexican street markets, with a twist. The brand partnered with Jesus Morales aka Juixxe, a changemaker known for gifting hundreds of thousands of dollars to street vendors who struggled during the pandemic, to honor the roots of its new product. Furthering his commitment to being a force for good, Modelo and Juixxe bought out hard working, Southern California-based street vendors’ carts earlier this month. Modelo flew and hosted the merchants in Las Vegas to be among the first to try the new beverage – that they helped inspire – at the Modelo Spiked Aguas Frescas launch celebration.

“Honoring the brand’s authentic Mexican heritage sets Modelo apart and we know that without the tireless fighting spirit of street vendors, aguas frescas would not be the staple in Hispanic communities that they are today,” said Greg Gallagher, Vice President of Brand Marketing, Modelo. “Through our partnership with Juixxe, Modelo Spiked Aguas Frescas recognizes and celebrates street vendors for perfecting the beloved flavors and taste experience that inspired our new brand.”

“Growing up, I would see a street vendor and always ask my parents to buy me papitas or a refreshing aguas frescas and I made it my mission to give back to street vendors in ways that spotlight the important role they play in our communities,” said Juixxe. “Partnering with Modelo Spiked Aguas Frescas helped me elevate our appreciation of street vendors’ tenacity and hard work and they were the perfect guests to celebrate with at the Modelo Spiked Aguas Frescas launch party in Las Vegas.”

Modelo Spiked Aguas Frescas is currently available in Las Vegas in four varieties:

  • Modelo Spiked Aguas Frescas Piña (Pineapple) is an aromatic, juicy pineapple flavor with a balanced sweetness for sessionability.
  • Modelo Spiked Aguas Frescas Flor de Jamaica (Hibiscus) is a sweet, floral flavor that contains fruit notes with a slight tartness.
  • Modelo Spiked Aguas Frescas Sandía (Watermelon) is a refreshing flavor that has a sweet and indulgent watermelon juice taste and aroma.
  • Modelo Spiked Aguas Frescas Pepino y Limón (Cucumber-Lime) is a crisp flavor that combines notes of cucumber with sweet and zesty lime.

All varieties are 171-197 calories, 4.5% ABV, have <0.5% carbonation, resulting in a smooth and non-carbonated taste experience, and contain 20-25 grams of sugar*.

For more on Juixxe and Modelo Spiked Aguas Frescas’ partnership, visit Youtube. For more information on Modelo Spiked Aguas Frescas and other Casa Modelo products, visit www.modelousa.com.

* Per 12 fl. oz. serving of average analysis: 4.5% ABV, Calories 193, Carbs 26.4 grams, Protein 0.2 grams, Fat 0 grams (Piña); 4.5% ABV, Calories 197, Carbs 34.2 grams, Protein 0.2 grams, Fat 0 grams (Sandía); 4.5% ABV, Calories 189, Carbs 25.7 grams, Protein 0.2 grams, Fat 0 grams (Pepino y Limón); 4.5% ABV, Calories 171, Carbs 22.6 grams, Protein 0.3 grams, Fat 0 grams (Flor de Jamaica).

ABOUT MODELO® 
Born in 1925 in the small town of Tacuba, Mexico, Modelo has been bringing distinctive high-quality beer to those with the Fighting Spirit ever since, including Modelo Especial®, Modelo Negra®, Modelo Chelada Especial™, and a flavorful lineup of Modelo Cheladas™. Modelo Especial is a golden, full-flavored Pilsner-style lager with a clean, crisp finish. As the #1 imported beer in the U.S., Modelo Especial recently surpassed 175MM cases sold in 2022 and became the #2 beer brand in the category. The Modelo family of beers are exclusively brewed in Mexico and imported and marketed for the U.S. by Constellations Brands.

Media Contact:
Stephanie McGuane
Stephanie.mcguane@cbrands.com

GlobeNewswire Distribution ID 8826698

MODIFI Expands Its Footprint to Singapore to Better Serve Business Customers in Asia

MODIFI Expands Its Footprint to Singapore

MODIFI Expands Its Footprint to Singapore to Better Serve Business Customers in Asia

SINGAPORE, April 27, 2023 (GLOBE NEWSWIRE) — MODIFI, a leading European fintech company specializing in cross-border payment solutions and provision of liquidity for exporters around the world, announces the opening of its new office in Singapore. The expansion is part of MODIFI’s strategy to strengthen its global presence and better serve customers in Asia.

The company’s Chief Commercial Officer, Matthias Hendrichs, will relocate from Germany to Singapore to lead the new office and oversee the company’s growth in the region. Hendrichs brings over 16 years of experience in Asia and has played an instrumental role in driving MODIFI’s global expansion to date.

“We are thrilled to announce the opening of our new office in Singapore, which marks an important milestone in our journey to expand our global footprint,” said Nelson Holzner, CEO of MODIFI. “With this new office, we aim to deepen our relationships with customers in Asia and provide them with the best cross-border payment solutions available.”

Singapore’s strategic location at the intersection of major shipping routes has made it a crucial port of call for ships traveling between Europe, Asia, and the Middle East. Moreover, with a well-developed air transport network and Changi Airport serving as a major hub for international flights, Singapore is an efficient location for businesses to transport goods and connect with global markets. Additionally, Singapore has recently surpassed Hong Kong and now ranks as the third largest financial center in the world.

MODIFI’s expansion to Singapore comes at a time when the company is experiencing rapid growth and increasing demand for its services in Asia. The company’s innovative platform offers exporters the No 1 payment method in cross-border business: With MODIFI, exporters get paid instantly while buyers can pay up to 180 days later. MODIFI’s solutions have already helped over 1,500 businesses around the world grow their business and expand into new markets.

“We are excited to be part of Singapore’s vibrant fintech ecosystem and collaborate with local partners to provide our customers with the best service,” said Hendrichs. “Our goal is to help businesses in Asia thrive by providing them with the support they need to succeed in today’s global marketplace.”

MODIFI’s new office is in Singapore’s financial district and will serve as the company’s regional headquarters for Asia.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13e859a3-c59b-4abd-aca2-7fa61b2e475e

Contact person:

Sara Debevec, PR manager, marketing@modifi.com

GlobeNewswire Distribution ID 1000806529

Iveco Group N.V. to present its 2023 First Quarter Results on 11th May 2023

Turin, 27th April 2023. Iveco Group N.V. (MI: IVG) confirmed today that its financial results for the First Quarter of 2023 will be presented on Thursday, 11th May 2023.

A live audio webcast of the conference call will begin at 11:00am CEST / 10:00am BST on Thursday, 11th May 2023.

Details for accessing the webcast are available at the following link:

Q1 2023 Iveco Group webcast

The related press release and presentation material will be posted on the corporate website at www.ivecogroup.com on Thursday, 11th May 2023.

For those unable to take part in the live session, a replay will be available in the Investors section of the company website (www.ivecogroup.com) following the conference call.

Iveco Group N.V. (MI: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly-specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs more than 35,000 people around the world and has 26 manufacturing plants and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com

Media Contacts:
Francesco Polsinelli, Mob: +39 335 1776091
Fabio Lepore, Mob: +39 335 7469007
E-mail: mediarelations@ivecogroup.com

Investor Relations:
Federico Donati, Tel: +39 011 0073539
E-mail: investor.relations@ivecogroup.com

Attachment

GlobeNewswire Distribution ID 1000806528

Junshi Biosciences Announces Primary Endpoint Met in RENOTORCH Study of Toripalimab for 1st-line Treatment of Advanced Renal Cell Carcinoma

SHANGHAI, China, April 27, 2023 (GLOBE NEWSWIRE) — Shanghai Junshi Biosciences Co., Ltd (“Junshi Biosciences”, HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced that the pre-specified interim analysis of the RENOTORCH study (NCT04394975) has been completed. RENOTORCH is a multi-center, randomized, open-label, active-controlled phase 3 clinical study evaluating toripalimab in combination with axitinib for the first-line treatment of patients with intermediate to high risk, unresectable or distant metastatic renal cell carcinoma (“RCC”). The Independent Data Monitoring Committee (IDMC) has determined that the primary endpoint of progression free survival (“PFS”, based on independent radiographic review) has met the pre-defined efficacy boundary. Junshi Biosciences will communicate with regulatory authorities regarding matters related to the supplemental new drug application in the near future.

Globally, renal carcinoma is the third most common type of malignancy in the urinary system, and RCC accounts for 80%-90% of all cases. According to data published in the Chinese Medical Journal, in 2022, there were approximately 77,000 new cases of renal carcinoma and 46,000 deaths due to this disease in China. About one-third of the renal cell carcinoma patients had distant metastasis at initial diagnosis, while 20%-50% of the patients with localized tumors developed distant metastasis after nephrectomy. According to the risk classification of the International Metastatic Renal Cell Carcinoma Database Consortium (IMDC), the median overall survival (“OS”) of patients with low, medium and high risk metastatic RCC receiving anti-vascular targeted treatment was 35.3, 16.6 and 5.4 months, respectively. Therefore, the need for new treatment options is more urgent for patients with medium and high risk advanced RCC compared to low-risk patients.

In recent years, PD-(L)1 inhibitors combined with anti-vascular targeted drugs have achieved success in the first-line treatment of advanced RCC in many countries around the world, replacing anti-vascular targeted drug monotherapy as the new standard. Compared to anti-vascular targeted drug monotherapy, the combination of PD-(L)1 monoclonal antibody and anti-vascular targeted drugs has demonstrated significant improvements in patients’ PFS, objective response rate (“ORR”), and OS. However, no therapy combining PD-(L)1 therapy with anti-vascular targeted drugs for the first-line treatment of advanced RCC has been approved in China.

As the first pivotal phase 3 study of immunotherapy for patients with advanced RCC in China, RENOTORCH is a multi-center, randomized, open-label, active-controlled study aiming to evaluate the efficacy and safety of toripalimab in combination with axitinib versus sunitinib monotherapy for the first-line treatment of patients with intermediate to high-risk unresectable or metastatic RCC. Based on the interim analysis of the study, toripalimab in combination with axitinib for the first-line treatment of patients with advanced RCC significantly reduced the risk of disease progression or death compared to sunitinib monotherapy, while improving secondary endpoints such as ORR. The safety profile of toripalimab in the study was consistent with known risks, and no new safety signals were identified. Further details on the study data will be presented at an upcoming international academic conference.

“Thanks to the collective efforts of the investigators, patients, R&D teams and many others, the RENOTORCH study has been a great success,” said Dr. Jianjun ZOU, Global Research and Development President of Junshi Biosciences. “This study represents a crucial milestone for our company as an innovative Chinese pharmaceutical company that aims to address the nation’s unmet medical needs. We believe that RENOTORCH’s positive results will help bridge the gap in renal cancer PD-(L)1 immunotherapy in China, and we will take all the necessary steps to commercialize this achievement and provide new and effective combination immunotherapy options for domestic patients.”

About RENOTORCH

The RENOTORCH study is a multi-center, randomized, open-label, active-controlled phase 3 study aiming to evaluate the efficacy and safety of toripalimab in combination with axitinib versus sunitinib monotherapy for the first-line treatment of patients with intermediate to high-risk unresectable or metastatic RCC. Enrolled individuals were randomly assigned in a 1:1 ratio to receive toripalimab in combination with either axitinib or sunitinib until disease progression or intolerable toxicity. The primary endpoint is PFS as assessed by the Independent Radiographic Review Committee (“IRC”), and secondary endpoints include PFS as assessed by investigators, ORR as assessed by IRC or investigators, duration of response (DOR) and disease control rate (DCR), OS, safety profile and etc. The study is jointly led by principal investigators Professor Jun GUO of the Peking University Cancer Hospital and Professor Yiran HUANG of Renji Hospital of Shanghai Jiao Tong University School of Medicine. The study was launched in August 2020, with 47 domestic centers participating and a total of 421 patients enrolled and randomized.

About Toripalimab

Toripalimab is an anti-PD-1 monoclonal antibody developed for its ability to block PD-1 interactions with its ligands, PD-L1 and PD-L2, and for enhanced receptor internalization (endocytosis function). Blocking PD-1 interactions with PD-L1 and PD-L2 promotes the immune system’s ability to attack and kill tumor cells.

More than forty company-sponsored toripalimab clinical studies covering more than fifteen indications have been conducted globally by Junshi Biosciences, including in China, the United States, Southeast Asia, and European countries. Ongoing or completed pivotal clinical trials evaluating the safety and efficacy of toripalimab cover a broad range of tumor types including cancers of the lung, nasopharynx, esophagus, stomach, bladder, breast, liver, kidney and skin.

In China, toripalimab was the first domestic anti-PD-1 monoclonal antibody approved for marketing (approved in China as TUOYI®). Currently, there are six approved indications for toripalimab in China:

  1. unresectable or metastatic melanoma after failure of standard systemic therapy;
  2. recurrent or metastatic NPC after failure of at least two lines of prior systemic therapy;
  3. locally advanced or metastatic urothelial carcinoma that failed platinum-containing chemotherapy or progressed within 12 months of neoadjuvant or adjuvant platinum-containing chemotherapy;
  4. in combination with cisplatin and gemcitabine as the first-line treatment for patients with locally recurrent or metastatic NPC;
  5. in combination with paclitaxel and cisplatin in first-line treatment of patients with unresectable locally advanced/recurrent or distant metastatic esophageal squamous cell carcinoma (“ESCC”);
  6. in combination with pemetrexed and platinum as the first-line treatment in EGFR mutation-negative and ALK mutation-negative, unresectable, locally advanced or metastatic non-squamous non-small cell lung cancer (“NSCLC”).

The first three indications have been included in the National Reimbursement Drug List (NRDL) (2022 Edition). Toripalimab is the only anti-PD-1 monoclonal antibody included in the NRDL for treatment of melanoma.

In the United States, the Biologics License Application (BLA) for toripalimab in combination with gemcitabine/cisplatin, for the first-line treatment of patients with advanced recurrent or metastatic NPC and toripalimab monotherapy for the second-line or later treatment of recurrent or metastatic NPC after platinum-containing chemotherapy is under review by the U.S. Food and Drug Administration (FDA). The FDA has granted Breakthrough Therapy designations for toripalimab in combination with chemotherapy for the first-line treatment of recurrent or metastatic NPC as well as for toripalimab monotherapy in the second or third-line treatment of recurrent or metastatic NPC. Additionally, the FDA has granted Fast Track designation for toripalimab for the treatment of mucosal melanoma and Orphan Drug designations for the treatment of esophageal cancer, NPC, mucosal melanoma, soft tissue sarcoma, and small cell lung cancer (SCLC).

In Europe, marketing authorization applications (MAA) were accepted by the European Medicines Agency (EMA) and the United Kingdom’s Medicines and Healthcare products Regulatory Agency (MHRA) for 1) toripalimab combined with cisplatin and gemcitabine for the first-line treatment of patients with locally recurrent or metastatic NPC and 2) toripalimab combined with paclitaxel and cisplatin for the first-line treatment of patients with unresectable locally advanced/recurrent or metastatic ESCC, in December 2022 and February 2023.

About Junshi Biosciences

Founded in December 2012, Junshi Biosciences (HKEX: 1877; SSE: 688180) is an innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of innovative therapeutics. The company has established a diversified R&D pipeline comprising over 50 drug candidates, with five therapeutic focus areas covering cancer, autoimmune, metabolic, neurological, and infectious diseases. Junshi Biosciences was the first Chinese pharmaceutical company that obtained marketing approval for anti-PD-1 monoclonal antibody in China. Its first-in-human anti-BTLA monoclonal antibody for the treatment of various cancers was the first in the world to be approved for clinical trials by the FDA and NMPA and has since entered Phase Ib/II trials in both China and the US. Its anti-PCSK9 monoclonal antibody was the first in China to be approved for clinical trials by the NMPA.

In the face of the pandemic, Junshi Biosciences’ response was strong and immediate, joining forces with Chinese and international scientific research institutions and enterprises to develop an arsenal of drug candidates to combat COVID-19, taking the initiative to shoulder the social responsibility of Chinese pharmaceutical companies by prioritizing and accelerating COVID-19 R&D. In 2021, JS016 (etesevimab), China’s first neutralizing fully human monoclonal antibody against SARS-CoV-2 administered with bamlanivimab, was granted Emergency Use Authorizations (EUA) in over 15 countries and regions worldwide. Meanwhile, VV116 (deuremidevir hydrobromide), a novel oral nucleoside analog anti-SARS-CoV-2 drug designed to hinder virus replication, has been approved for marketing in China and Uzbekistan. The JS016 and VV116 programs are a part of the company’s continuous efforts towards innovation for disease control and prevention of the global pandemic.

Junshi Biosciences has about 3,000 employees in the United States (San Francisco and Maryland) and China (Shanghai, Suzhou, Beijing, Guangzhou, etc). For more information, please visit: http://junshipharma.com.

Junshi Biosciences Contact Information
IR Team:
Junshi Biosciences
info@junshipharma.com
+ 86 021-6105 8800

PR Team:
Junshi Biosciences
Zhi Li
zhi_li@junshipharma.com
+ 86 021-6105 8800

 GlobeNewswire Distribution ID 8826915

CBL International Limited Audited Results for the Year Ended December 31, 2022

(Incorporated in Cayman Islands with limited liabilities)

HONG KONG, April 27, 2023 (GLOBE NEWSWIRE) — On April 26, 2023, CBL International Limited (NASDAQ: BANL) (the “Company”) has filed with Securities and Exchange Commission (“SEC”) the Form 20-F Account Report for the audited consolidated annual results of the Company and its subsidiaries (the “Group”) for the year ended December 31, 2022 together with comparative figures for the year ended December 31, 2021. Please see below the financial highlight.

FINANCIAL HIGHLIGHT

  • The Group’s consolidated revenue from sales of marine fuel increased by approximately $136,365,000 or 41.8% to approximately $462,906,000 in 2022 from approximately $326,541,000 in 2021, mainly attributable to the increase in the marine fuel price but partially offset by the slight decrease in our sales volume of marine fuel.
  • The Group’s consolidated gross profit for the year ended December 31, 2022 was approximately $9,125,000, an increase of $1,534,000 or 20.2%, compared to the year ended December 31, 2021, driven by increased gross profit per ton of marine fuel sold with an effect of $1,832,000, partially offset by a decrease of volume in the amount of $298,000.
  • Net income increased by approximately $116,000 or 3.3% from approximately $3,569,000 for the year ended December 31, 2021, to approximately $3,685,000 for the year ended December 31, 2022.
  • Basic and diluted earnings per ordinary share is approximately $0.17.
  • Total shareholders’ equity of the Company increased by approximately 43.7% to approximately $12,112,000.

For details of the account report for the year ended December 31, 2022, please refer to https://investors.banle-intl.com for Form 20-F Annual Report filed with SEC on April 26, 2023.

For more information, please contact:
CBL International Limited
Email: investors@banle-intl.com

 GlobeNewswire Distribution ID 8826894