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DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against ProPetro Holdings Corp. (NYSE: PUMP) and Encourages Investors to Contact the Firm

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NEW YORK–(BUSINESS WIRE)–#classaction–Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for Western District of Texas on behalf of all investors that purchased ProPetro Holdings Corp. (NYSE: PUMP) securities between March 17, 2017 and August 8, 2019 (“the “Class Period”) and/or pursuant or traceable to the company’s March 2017 initial public offering (“IPO”). Investors have until November 15, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

In March 2017, the company completed its IPO, in which it sold 25 million shares of common stock at $14.00 per share.

On August 8, 2019, the company issued a press release delaying its second quarter earnings conference call and quarterly report, citing an ongoing review by its audit committee. In a Form 8-K filed with the SEC on the same day, the company stated that the review concerned, among other things, expense reimbursements and certain transactions involving related parties or potential conflicts of interest. The Form 8-K also stated that approximately $370,000 had been improperly reimbursed to members of senior management since the IPO.

On this news, the company’s share price fell $4.59 per share, or over 26%, to close at $12.75 per share on August 9, 2019.

By the date this class action was filed, ProPetro stock was trading as low as $11.44 per share, a nearly 18% decline from the $14 per share IPO price.

The complaint, filed on September 16, 2019, 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 executive officers were improperly reimbursed for certain expenses; (2) that the company had engaged in certain undisclosed transactions with related parties; (3) that the company lacked adequate disclosure controls and procedures; (4) that the company lacked effective internal control over financial reporting; and (5) 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 ProPetro securities during the Class Period, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Bragar Eagel & Squire, P.C.

Brandon Walker, Esq.

Melissa Fortunato, Esq.

(212) 355-4648

investigations@bespc.com
www.bespc.com

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.

Business and Management

Leading InsurTech Company BIMA Develops New Life and Health Insurance Products with Low-Code Platform Leader OutSystems

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LONDON–(BUSINESS WIRE)–OutSystems, provider of the number one low-code application development platform, today announced that BIMA is using the OutSystems low-code platform to build customer engagement web and mobile apps for its new direct-to-consumer life and health insurance products.

The simple and affordable products, BIMA Health and BIMA Life, will go live in January 2020 – initially in Pakistan where BIMA already has three million customers. BIMA plans to roll-out the new products to eight other countries and up to six million customers through 2020.

BIMA—ranked #10 in the Post InsurTech 100 firms—uses mobile technology to disrupt the global insurance and healthcare industries and fuel inclusion. In its nine-year history, it has used mobile technology to bring vital health and insurance products to 31 million customers in emerging markets, making BIMA the leading provider of mobile-delivered insurance and health products in nine countries.

Partnerships with mobile phone network operators have enabled BIMA to develop innovative microinsurance products that provide health and life coverage for low-income families – 75% of whom are accessing insurance for the first time and 93% of whom survive on less than $10 per day.

Allianz’s digital-focused investment arm, Allianz X, invested $96 million in the startup in 2017. The next phase of BIMA’s growth involves the launch of the new direct-to-consumer products – BIMA Life and BIMA Health.

The partnership with OutSystems enables BIMA to rapidly build, deploy, and scale the customer engagement web and mobile applications needed to give millions of customers access to these services.

“Several factors led us to use OutSystems to build our new BIMA Life and BIMA Health customer engagement apps,” said Stephen Lovell, BIMA’s chief product and technology officer. “These factors include, faster speed to market, support for an iterative development approach, and the need for brilliant user experiences. OutSystems gave us the most reassurance in terms of the completeness of product, scalability, support, and access to partner development talent.”

“We’re excited to be working with BIMA because of their Insurtech pedigree, and especially as improving access to health services and life coverage for families in the emerging markets is such a worthwhile cause,” said Garry Larner, regional director, financial services and insurance at OutSystems.

Integration and reuse were also essential considerations for BIMA when selecting their low-code platform, Lovell explains.

“Our core insurance platform is entirely bespoke, and with OutSystems, we’re able to wrap that with an agile services layer, making it much faster and adaptable to build whatever web and mobile applications we need to serve customers. Moreover, because we’re deploying into so many countries, there are 21 payment platforms that we need to integrate. With OutSystems, we can build these integrations once, then reuse time-and-again, which will help the team spend more time on delivering brilliant user experiences, and less time on backend integrations.”

In addition to customer-facing mobile apps, BIMA will use OutSystems to develop a mobile sales app for field agents, and a web-based doctors’ portal. BIMA Health customers will be able to access doctor consultations and other mobile health services from the new BIMA mobile app.

-ENDS-

About OutSystems – Thousands of customers worldwide trust OutSystems, the number one low-code platform for rapid application development. Engineers with an obsessive attention to detail crafted every aspect of the OutSystems platform to help organisations build enterprise-grade apps and transform their business faster. OutSystems is the only solution that combines the power of low-code development with advanced mobile capabilities, enabling visual development of entire applications that easily integrate with existing systems.

Visit us at www.outsystems.com or follow us on Twitter @OutSystems or LinkedIn at https://www.linkedin.com/company/outsystems.

About BIMA – BIMA uses mobile technology to deliver affordable insurance and health products to underserved consumers in emerging markets and families who cannot access these vital products through traditional channels.

BIMA’s technology platforms create a paperless experience and enable scale, while the agent force distributes products and provides customer education. This tech-enabled approach is the key to BIMA’s growth, reaching 31 million subscribers in 14 markets across Africa, Asia, and Latin America. BIMA proves that it is possible to service the bottom of the pyramid profitably and sustainably.

BIMA works with mobile operators, banks, and microfinance institutions, as well as a growing range of corporates. All partners share BIMA’s mission to reach underserved consumers, with 93% of the global customer base living on less than $10 per day and 75% accessing insurance for the first time.

Visit BIMA at http://www.bimamobile.com or follow on Twitter @Bimamobile or LinkedIn at https://www.linkedin.com/company/milvik-bima-/.

Contacts

Media Contact:
Michael Bartley (UK)

michael@c8consulting.co.uk
+44 (0) 1189 497736

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Business and Management

Russia Food Ultrasound Market Drivers, Restraints & Opportunities: 2019-2025 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Russia Food Ultrasound Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2025” report has been added to ResearchAndMarkets.com’s offering.

The country research report on Russia food ultrasound market is a customer intelligence and competitive study of the Russia market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Russia market. Also, factors that are driving and restraining the food ultrasound market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of food ultrasound market in Russia.

Highlights of the Report

The report provides detailed insights into:

1. Demand and supply conditions of food ultrasound market

2. Factor affecting the food ultrasound market in the short run and the long run

3. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

4. Key trends and future prospects

5. Leading companies operating in food ultrasound market and their competitive position in Russia

6. The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (Russia) food ultrasound market

7. Matrix: to position the product types

8. Market estimates up to 2025

The report answers questions such as:

1. What is the market size of food ultrasound market in Russia?

2. What are the factors that affect the growth in food ultrasound market over the forecast period?

3. What is the competitive position in Russia food ultrasound market?

4. What are the opportunities in Russia food ultrasound market?

5. What are the modes of entering Russia food ultrasound market?

Key Topics Covered:

1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

2. Executive Summary

3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter’s Diamond Model for Russia Food Ultrasound Market

3.5. Growth Matrix Analysis

3.6. Competitive Landscape in Russia Food Ultrasound Market

4. Russia Food Ultrasound Market by Function

4.1. Quality Assurance

4.2. Microbial and Enzyme Inactivation

4.3. Cutting

4.4. Emulsification and Homogenization

4.5. Cleaning

4.6. Other Functions

5. Russia Food Ultrasound Market by Frequency Range

5.1. High-frequency Low-intensity

5.2. Low-frequency High-intensity

6. Russia Food Ultrasound Market by Food Product

6.1. Meat and Seafood

6.2. Fruits and Vegetables

6.3. Beverages

6.4. Dairy

6.5. Bakery and Confectionery

6.6. Other Food Products

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/e0z6no

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

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Business and Management

Saudi Authority for Intellectual Property (SAIP) Carried Out an Extensive Inspection Campaign in Kingdom

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RIYADH, Saudi Arabia–(BUSINESS WIRE)–Recently the Saudi Authority for Intellectual Property (SAIP) carried out an extensive inspection campaign in different cities and regions in the Kingdom to uncover stores which violate intellectual property rights (IPR), specifically the copyright and trademarks protection law.


SAIP has warned against the promotion or sale of any products or any activities that violate intellectual property rights and reiterated that it will be strictly imposing relevant penalties to ensure IPR protection.

Complementing SAIP’s ongoing efforts to protect intellectual property rights, the campaign resulted in uncovering many stores, in several cities and provinces within the Kingdom, involved in selling devices, constituting IPR infringement. The illegal devices were seized to implement appropriate penalties with the goal of curbing the circulation of such products and similar violations of rights.

The SAIP reiterated that it will be strictly imposing relevant penalties to ensure IPR protection, especially concerning digital and paper literary, art products, and trademarks. The inspection follows several awareness campaigns, conducted by SAIP in partnership with competent entities to raise awareness of intellectual property protection and penalties as per relevant laws and regulations.

“The SAIP campaign is an extension of our periodic unscheduled inspection on public establishments and stores which circulate or deal with products that violate intellectual property rights in any part of its operations. We are determined to establish the principles of respecting intellectual property rights, and combating the infringement of these rights in the Kingdom,” said Yasser Al-Debassi, Executive Director of the Intellectual Property Rights Protection Department at SAIP. Cooperating with partners from the Kingdom’s government and private sectors, SAIP is determined to monitor the activities of service providers and companies that involve intellectual property rights to ensure that the rights are honored, through ongoing awareness campaigns and inspections aimed at apprehending violators.

SAIP also called on citizens and residents of Saudi Arabia to respect intellectual property rights by promptly reporting such violations by visiting SAIP’s official social media channels: @saipksa, email at Saip@Saip.gov.sa, or call its direct customer service number at 920021421.

*Source: AETOSWire

Contacts

The Saudi Authority for Intellectual Property
Mohammed Alhassan, 00966920000667

saip@saip.gov.sa

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