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Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Ra Medical Systems, Inc.

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BENSALEM, Pa.–(BUSINESS WIRE)–$RMED #classaction–Law Offices of Howard G. Smith reminds investors of the upcoming August
9, 2019 
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased Ra Medical Systems,
Inc. (“Ra Medical” or the “Company”) (NYSE: RMED)
securities pursuant and/or traceable to the registration statement and
prospectus (collectively, the “Registration Statement”) issued in
connection with the Company’s September 2018 initial public offering
(“IPO” or the “Offering”).

Investors suffering losses on their Ra Medical investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

In September 2018, Ra Medical completed its initial public offering
(“IPO”), issuing approximately 4.5 million shares of common stock priced
at $17 per share. On March 14, 2019, the Company revealed that its
fourth quarter 2018 financial results had been negatively impacted by
issues related to the hiring and training of qualified sales personnel
and certain production limitations.

On this news, the Company’s share price fell $2.14 per share, nearly
33%, to close at $4.43 per share on March 15, 2019, thereby injuring
investors. Since the IPO, Ra Medical’s stock has traded as low as $3.40
per share, significantly below the $17 offering price.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) that the Company’s
evaluation of sales personnel candidates was inadequate; (2) that the
Company’s training program for sales personnel was inadequate; (3) that,
as a result, the Company could not reasonably assure that its newly
hired sales personnel were adequately experienced; (4) that, as a
result, the Company would suffer a shortage of qualified sales
personnel; (5) that the Company’s manufacturing process could not
reasonably support increased catheter production; (6) that, as a result,
the Company would suffer production delays; and (7) that, as a result of
the foregoing, Defendants’ positive statements about the Company’s
business, operations, and prospects were materially misleading and/or
lacked a reasonable basis.

If you purchased shares of Ra Medical during the Class Period you may
move the Court no later than August 9, 2019 to ask the
Court to appoint you as lead plaintiff if you meet certain legal
requirements. To be a member of the class action you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the class action. If you wish
to learn more about this class action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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Business Wire

Colombia based Digital Services Firm Zemoga launches first LatAm world class Device Lab to rival Silicon Valley Tech Giants

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With over USD $350,000 invested, Colombia is the first country in the region to offer a world-class Device Lab driven by design thinking and developed with the same level of quality as Google and Facebook in Silicon Valley

NEW YORK–(BUSINESS WIRE)–#BuildBetter–Based in Colombia, digital services firm, Zemoga, has created the first world class Device Lab in the region to validate, verify and test the design, deployment and operations of digital services they develop for their clients in the Americas. With this latest milestone, Zemoga becomes the first regional digital services firm with a dedicated facility of this level, which further proves the model of the exportation of services and innovation from Colombia pioneered by Zemoga, as well as the further development of design and engineering professionals in Colombia.

Software testing (manual or automated) is a critical component of the process that allows for the proper operation and usability of custom-built applications, which is why Development & QA engineers as well as UX/UI designers are often seen as product ambassadors who serve as mediators between the development team and users of these applications. For this reason, labs such as Zemoga’s become vital work environments that help ensure both the interfaces and mechanics are fully optimized, void of friction and deliver on the intention of the application for the business, and the user applications.

DJ Edgerton, Founder and CEO at Zemoga, explained that the Zemoga Device Lab had from its initial inception and planning set the bar to the highest level of technology and hardware available. “We consulted with our Sony and Walmart clients as to what the expectation was for their business, and then we just pushed it a bit further as we always have. We made an investment of USD $350,000 to our newly designed third floor where the Device Lab is located. We ran the process through design thinking methodologies, putting the user, which in this case is our staff, first.”

“The result is a beautifully efficient work environment that is second to none. Not only in Colombia, but in the world. There is absolutely no reason why this type of advanced technology and service cannot be available from Colombia. It’s a matter of having the courage and confidence to know Colombians can compete, and win, on the world’s technology stage.” added Edgerton.

Zemoga’s Device Lab is also an essential ingredient for any advanced interface developer. In order to perform tests, many companies must rent virtual and actual versions of devices to use, but with the Device Lab, Zemoga’s team will have the physical devices, upwards of 150 currently across multiple manufacturers and platforms, conveniently available on the fly through a custom designed toggle system to use and test directly. It is with this presence that Zemoga can perform tests and upgrades required for any product, on any device allowing them to have the best version possible for final consumers.

These labs, also known as digital farms, can cost between USD $3,000 and USD $7,000 per month to rent, depending on the level of effort required: a very high cost for companies that need to perform constant testing. For this reason, Zemoga developed the Device Lab to deliver for clients a higher level of quality and efficiency in-house in this often overlooked but critically important discipline.

Zemoga will now be able to synchronize the development of digital services with the three disciplines (Design, Development, and QA) in parallel, and they will have a custom space to discuss the nuances and needs of each project. “We’re not only offering a lab with over 150 of the latest and most widely used devices globally, but also providing a dedicated team with a high level of expertise in the experiential and testing automation disciplines of the software development process”, explains Edgerton.

The Device Lab, which is located in the firm’s Bogota HQs, responds to multi screen consuming trends and has more than 150 devices, including Smart TVs, Gaming Consoles, Tablets, Android and iOS mobile devices, Roku, Amazon, Apple TV and Nvidia Shields among others, all divided into separate work stations for teams to develop and test their projects.

Likewise, the project is part of the firm’s long term growth plan, which aims to more than double the company’s staff and revenue by 2021. To prepare for this growth, Zemoga opened the third floor of its HQs to also include a gym, a library, a museum, and the Zemoga Academy, a new venture providing a curriculum of advanced educational workshops and certifications for both Zemoga employees and professionals that are interested in expanding their knowledge in, software engineering, product and user experience design.

About Zemoga

With the best of design and technology, Zemoga creates digital experiences that supercharge its clients’ business with top talent who love what they do and who they do it for. With 18 years of experience, the firm is the pioneer in nearshoring digital services from Colombia with a 99% local team that keeps growing and being first in developing digital services in Colombia for Fortune 500 companies in the United States. Zemoga is a multicultural team with some of the world’s best digital thinkers, designers, technologists and creative leaders, all working together to produce and create apps, interactive platforms and other digital services that fits the needs of each project. Zemoga builds better, understands and supercharges its clients’ objectives to create innovative and high impact solutions for the reality of each industry and each organization.

For additional information, visit www.zemoga.com and follow us on Linkedin.

Contacts

Rodrigo Salazar

Zemoga Inc

(213) 285 0805

rodrigo.salazar@zemoga.com

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Business Wire

John L. Bowman Named Senior Managing Director of The Chartered Alternative Investment Analyst (CAIA) Association

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Former Managing Director, Americas for CFA Institute comes to CAIA as organization is building its global footprint and embarking on the next phase of its growth

AMHERST, Mass.–(BUSINESS WIRE)–The Chartered Alternative Investment Analyst (CAIA) Association, the global leader in alternative investment education, today announced that John L. Bowman has joined the CAIA Association and been named Senior Managing Director. Mr. Bowman is an industry veteran and previously held a number of senior roles with CFA Institute, most recently Managing Director, Americas.

In this newly created role, Mr. Bowman will oversee curriculum and exams and co-lead the global business development team.

I’ve long admired the work done by CAIA. With the credibility of the investment industry under scrutiny and long-term investor outcomes at risk, there has never been a more opportunistic time for alternative asset classes to play a greater role in recovering the narrative of the noble purpose of the investment profession,” said Mr. Bowman. “I could not be more excited to be joining CAIA at a very interesting point in the market cycle. Investors need to think about diversification of risk and the role that alternative investments can play and doing so must begin with the essentials of education and industry partnership.”

CAIA’s membership currently totals more than 11,000 from over 97 countries. In just the past year, the organization saw further penetration in current markets and expansion in many of the emerging market countries across Africa, South America, and the Middle East.

Our curriculum is at the heart of our mission and John’s partnership, on the business side of the curriculum, is an enormously important strategic development,” said Keith Black, Ph.D., CAIA, CFA. “I look forward to working with John as we expand our expertise through global markets and continue to further integrate our most senior allocators into all that we do.”

CAIA’s curriculum is overseen by an experienced team with a unique mix of backgrounds both as practitioners and in academia. Thousands of candidates take the first level of the two-part CAIA exam each year as the first step in earning the prestigious CAIA Charter.

The alternatives industry is entering a period where products and wrappers have gotten more complex and access has become more democratized,” said William J. Kelly, CEO of the CAIA Association. “CAIA must respond to this with more resources and recognize (and reconcile) the pureness of our educational mission with the complexities of building and running a global business. I am eager to have John join us and bring complementary skills to our existing curriculum and business development teams.”

Mr. Bowman, CFA, brings more than 20 years of global experience in investment management and product development. His executive roles at CFA Institute included overseeing the Americas, consisting of 40+ countries, 89 local societies, and 90K Members, where he was responsible for strategy, risk management, compliance, and operational execution. Mr. Bowman also served as Managing Director and Co-Lead, Education at CFA Institute, managing a global team that generated $180M in revenue annually from a portfolio of educational programs including the CFA Program, Investment Foundations, and the CIPM program. He spearheaded product strategy and positioning, curriculum and test development, exam administration, and grading. Prior to his time at CFA Institute, Mr. Bowman was an international portfolio manager at State Street Global Advisors and Mellon Growth Advisors. He has worked across the globe in London, Hong Kong, and New York and is a graduate of University of Mary Washington.

Today’s announcement comes just a few weeks after CAIA officially launched the FDP Institute and Financial Data Professional credential. This is the first credential designed for financial analysts working alongside data scientists.

The hallmark of any successful and growing franchise is a commitment to a core mission supported by a tight strategic, but complementary agenda,” added Mr. Kelly. “Doubling down on our curriculum at a time when we are looking for greater penetration in Asia, as witnessed by the recent opening of an office in Mumbai, along with the recently announced FDP Institute as an educational answer to the ongoing digitization of the investment process, rounds out our strategic focus for the foreseeable future.”

About the CAIA Association

The CAIA Association is the world leader in alternative investment education, offering the only education program uniquely designed for individuals specializing in institutional-quality alternative investments. The Association is best known for the CAIA Charter, an internationally-recognized credential granted upon successful completion of a rigorous two-level exam series, combined with relevant work experience. Earning the CAIA Charter is the gateway to becoming a Member of the CAIA Association, a global network of more than 11,000 alternative investment professionals located in more than 97 countries. The Association supports 30 global Chapters in financial centers in Europe, Asia-Pacific, and North America, including a Virtual Chapter that brings together Members from far-flung locations around the world. CAIA also offers the Fundamentals of Alternative Investments certificate program (“Fundamentals”), an introductory-level online course, designed to provide a foundation in the core concepts in alternative investing. This program represents a natural extension of CAIA’s mission to provide solutions to specific market needs for alternative investment education.

To learn more about the CAIA Association, contact Deborah McLean (413) 253-7373 or dmclean@caia.org. For more information on the CAIA Charter, please visit caia.org.

About the FDP Institute

The FDP institute was established to address the growing need in finance for a workforce that has the skills to perform in a digitized world where an increasing number of decisions will be data and analytics driven. The FDP institute offers the only global educational program and designation to bridge the gap between financial professionals and data scientists. The FDP credential offers expertise in data science and its practical applications in finance. The FDP curriculum was designed with the collaboration of academia and industry practitioners and is divided into two segments, the online prerequisite courses, providing foundations of mathematics, statistics and Python programming, and the FDP exam covering big data, data mining, and machine learning applications in finance.

Contacts

Chris Sullivan

MacMillan Communications

chris@macmillancom.com

(212) 473-4442

Deborah McLean, CAIA Association

Managing Director, External Relations

dmclean@caia.org

(413) 253-7373

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Business Wire

SCI Welcomes Industry Veteran to Advisory Board

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QUEENSBURY, N.Y.–(BUSINESS WIRE)–Subcontracting Concepts, LLC is very pleased to announce and welcome Chris MacKrell as a new member to the SCI Advisory Board. SCI’s newly formed Advisory Board has been created to provide strategic guidance and technical advice — ensuring SCI remains the leading third-party administrator as the last-mile supply chain is shaped by new forces.

Chris brings a wealth of knowledge in last-mile logistics to SCI. He will be instrumental in continuing SCI’s market-leading position as the preeminent third-party administrator for logistics brokers and owner operators in the last mile marketplace.

Chris is the co-founder of Custom Courier Solutions and served in various national sales and Senior Operations roles as the Manager of Business Development at CD&L and Regional Vice President – East Sales and Operations at AirNet, a $150M Air freight carrier.

Like SCI, Chris believes strongly in advocating for this industry. In 2013, he testified before a Senate Subcommittee on Employment and Workforce Safety on the key role Owner Operators play in the US economy. He served as the President of the CLDA – Customized Logistics and Delivery Association, formerly the MCAA, and the NYSMCA – New York State Messenger and Courier Association. Prior to his term as President, Chris served as a Chairman of both the CLDA & NYSMCA Government Affairs committee. The NYSMCA is the key trade association advocating for the industry in New York State. He is a recipient of the industry’s Distinguished Service award in 2009 and an inductee into the CLDA Hall of Fame in 2016. The CLDA is the nation’s largest logistics industry trade association. Chris has a B.S. degree in Business from SUNY Brockport. He currently resides in Saratoga Springs, New York.

I am thrilled to be part of the SCI team. I have had nothing but great experiences working with SCI as both a client and member of CLDA and I am looking forward to contributing my industry expertise to SCI’s already market-leading technical innovation.”

Peter Fidopiastis, President and General Counsel, states, “We are very excited to welcome Chris to our advisory board at SCI. His track record in this industry is unparalleled, and his vast experience is something of great value to SCI and the future of our business. Mr. Fidopiastis added: “Chris brings a unique perspective in the industry that SCI has never had before.”

About SCI

Subcontracting Concepts, LLC (SCI) is the premier Third-Party Administrator (3PA) servicing the logistics industry. SCI provides its customers with competitive insurance programs, settlement Processing, and personalized customer Service for logistics brokers. Building software and services that can keep up with the demand of the logistics industry has always been our focus. Furthermore, everyone at SCI is dedicated to knowing more about our customers’ needs and adapting to meet them. The SCI team is continually collaborating on new and exciting ways to streamline owner operator enrollment, document management, and verification. SCI combines technology, personal customer service, and years of knowledge and experience to create a one stop shop to ease the burden of owner operator management. For more information visit www.sciadmin.com

Contacts

Brent Pickerd

(800) 821-5344

brent@sciadmin.com

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