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HAUPPAUGE, N.Y., Jan. 25, 2022 (GLOBE NEWSWIRE) — United-Guardian, Inc. (NASDAQ:UG) (“United-Guardian” or the “Company”), a fully-integrated research, development, manufacturing and marketing company that supplies unique and innovative products to the personal care, health care, pharmaceutical and industrial sectors, today announced that the Company’s Board of Directors has launched a formal review process to explore strategic alternatives. The purpose of the review is to ensure that value is being maximized for shareholders and that the Company has sufficient scale and financial resources to take advantage of the growth opportunities available to the organization. These alternatives could include, among others, possible joint ventures, strategic partnerships or alliances, an outright sale of the Company, or other possible transactions.

Ken Globus, President of United-Guardian, stated, “As United-Guardian and the global economy continue to emerge from the COVID-19 pandemic, it is imperative that we select the best path forward for the next chapter of United-Guardian’s continued growth. Management and the Board of Directors are working to ensure that the Company is positioned to seize the numerous growth opportunities available to United-Guardian. The Company’s long history, leading product portfolio, and established relationships with the leading brands within our markets provide a firm foundation for future expansion. Maximizing value for our shareholders, ensuring stability for our employees, and positioning United-Guardian for continued success into the future are our priorities during this review.”

Capstone Partners is serving as financial advisor to United-Guardian, and Brownstein Hyatt Farber Schreck is serving as legal advisor.

There can be no assurance that the review being undertaken will result in a merger, sale or other business combination involving the Company, and the Company has not set a timetable for completion of the review process. The Company does not currently intend to disclose further developments with respect to this process, unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives.

For further information, interested parties may contact Vijay Balasubramanian, Managing Director at Capstone Partners, or Paul Janson, COO at Capstone Partners (phone: +1 (617) 619-3300; emails: vijayb@capstonepartners.com; pjanson@capstonepartners.com).

NOTE: This press release contains both historical and “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements about the company’s expectations or beliefs concerning future events, such as financial performance, business prospects, and similar matters, are being made in reliance upon the “safe harbor” provisions of that Act. Such statements are subject to a variety of factors that could cause our actual results or performance to differ materially from the anticipated results or performance expressed or implied by such forward-looking statements. For further information about the risks and uncertainties that may affect the company’s business please refer to the company’s reports and filings with the Securities and Exchange Commission.

Company Also Noted as Breakout Contender in Industrial Segment

SOUTHBOROUGH, Mass., Jan. 25, 2022 (GLOBE NEWSWIRE) — Virtusa Corporation announced today that it has been ranked a leader in five segments in the annual Zinnov Zones for Engineering R&D 2021 ratings that evaluates global ER&D Service Providers for their prowess and capabilities. The five segments include overall ER&D Services, Digital Engineering Services, ER&D – US, Enterprise Software, and Telehealth. Virtusa was also recognized as a breakout service provider in the Industrial vertical segment.

The comprehensive study titled, ‘Global ER&D Landscape and Evolving Enterprise Priorities – 2021’ evaluated 50 global ER&D Service Providers across various industry verticals and micro-verticals. The 2021 Zinnov Zones assessment was unique because of the geographic evaluation done across high spending countries such as US, Germany, and Japan, where the primary parameters analyzed include investments, client success, and delivery capabilities for Engineering Services.

“According to the study, the Global ER&D spend by organizations worldwide will grow at a 9% CAGR to reach USD 2.1 trillion by 2024, with Digital Engineering spend accounting for more than 50% of the Global ER&D spend by 2024,” said Samir Dhir, Global Markets and Industries CEO, Virtusa. “This is directly in Virtusa’s wheelhouse, and our leadership positioning in so many of the market segments is a testament to the strength of our engineering capabilities, our top notch partner ecosystem and focus on innovating for clients. The demand for digital services in nearly all industries will continue growing due to newer technologies, industry players, and changing customer, employee, and partner interactions and expectations. Our new business opportunities will hopefully expand as worldwide business leaders use this study to begin seeking exceptional partners for faster and more efficient deployment of ER&D-led services.”

Sidhant Rastogi, Managing Partner, Zinnov, said, “Virtusa’s strong suit in both digital experience and design thinking-led innovation is reflected in its investments in IPs and solutions such as vLife (Healthcare and Life sciences Applications Marketplace) and vDataAid (Data Modernization solution). This, augmented with its digital implementation experience across verticals and pre-build warehouse of digital elements and services, has helped Virtusa successfully accelerate product development for its enterprise customers, in turn strengthening its position in the 2021 ER&D Zinnov Zones.”

Zinnov Zones is an annual rating published by Zinnov which assesses Global Service Providers based on their competencies, capabilities, and market success. Since 2009, Zinnov Zones (previously known as GSPR – Global Service Provider Ratings) has become one of the most trusted reports globally, for both enterprises and Service Providers to better understand the vendor ecosystem across multiple domains such as Digital Transformation, ER&D Services, IOT, HIA, and Media and Entertainment.

This is the thirteenth consecutive year that Zinnov has assessed Service Providers for their ER&D capabilities. The detailed ratings and contact information of Service Providers are available at: https://zinnovzones.com/

About Virtusa
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovative engineering. Virtusa serves Global 2000 companies in the Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive the business forward at unparalleled velocity enabled by a culture of cooperative disruption.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact:

Matt Berry
Conversion Marketing
matt@conversionam.com

MILWAUKEE, Jan. 25, 2022 (GLOBE NEWSWIRE) — WHR Group, Inc. (WHR), a leader in the global employee relocation industry, is offering companies free relocation policy reviews. WHR will also help companies create new policies from scratch. Even with the Covid pandemic, companies are still relocating employees to fill crucial roles. Reviewing relocation policies and making critical adjustments helps organizations win in the war for talent, meet employees’ needs, benchmark against the competition and control business costs.

Relocation policies should be incorporated into an organization’s total rewards and talent management strategies. The right relocation policy can help a company, while a weak policy – or none at all – could have a negative impact on the candidate recruiting success rate. “With the current war for talent, it’s critical to have a structured and competitive relocation program. This helps companies attract and retain top talent,” says WHR’s Business Development Regional Manager, Ben Koceja. Making sure a relocation policy meets transferees’ needs helps reduce transferee stress so that employees can focus on work roles in their new locations.

Benchmarking a policy against other companies also helps organizations stay competitive in the war for talent. The policy needs to include a choice of offerings since relocation policies are wrapped into job offers. Companies also need to ensure they’re allocating the right amount of dollars to transferees and organizational needs. It is important organizations are not paying for unnecessary or outdated benefits.

According to WHR’s International Business Development Manager, Linden Houghtby, MBA, GMS, MIM+, “Having a relocation policy aligned with your company culture, talent strategy, and recruiting goals is essential to having a successful relocation/mobility program. It allows companies to move employees where they are needed most. Policies ensure transferees will be taken care of in a way that reflects the organization’s values and goals.”

To learn more about WHR’s free employee relocation policy reviews or for help creating a new policy, contact WHR.

About WHR Group, Inc.
WHR is a private, woman-owned, global employee relocation management company distinguished by its white glove service delivery structure and proprietary technology. WHR has offices in Wisconsin, Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to be the trusted leader in global employee relocation.
https://www.whrg.com,  LinkedIn, Twitter and Facebook.

Media Contact: Mindy Stroiman, Corporate Writer
Mindy.Stroiman@whrg.com
262-523-7510