February 3, 2022

FloQast Celebrates 2021 as Landmark Year for Company Growth

Fueled by a Successful Series D Funding Round and Hiring Campaign, FloQast Continues Building Momentum Throughout Q4 with Massive YoY Growth Rate

LOS ANGELES, Feb. 03, 2022 (GLOBE NEWSWIRE) — FloQast, a provider of accounting workflow automation software created by accountants for accountants, today announced its Q4 and 2021 metrics, concluding a milestone year highlighted by international expansion, new product and company initiatives, industry accolades, and the biggest growth the company has seen since its launch. The company reported 97% year-over-year growth in annual recurring revenue (ARR) for the quarter, as well as 153% year-over-year growth in net new ARR for 2021. Further, with more than 1,500 customers globally, FloQast added 171 new customers in Q4. These milestones stem from the recent $110 million Series D funding, led by Meritech Capital, and further the company’s leadership role in workflow automation technology.

“This past year, FloQast experienced exceptional growth across the board – including funding, product and platform launches, customer acquisition and more – making this one of the most important and successful years for the company since we were founded,” says Mike Whitmire, inactive CPA, co-founder and CEO at FloQast. “This growth is a testament to the critical advances taking root across the accounting industry and highlights FloQast’s ability to deliver next-generation technology to usher in a new era of modernization and change.”

Over the course of 2021, FloQast experienced milestones in several key areas:

A successful $110 million Series D funding round, led by Meritech Capital, and a valuation of $1.2 billion, making the company a “unicorn workflow solution provider.”
The receipt of 36 G2 badges in 2021, including:
- #1 Leader in the G2 Momentum Grid, Fall 2021 and Winter 2022 Leader, Users Love Us, High Performer in Enterprise, Leader in Mid Market, and Winter 2022 Momentum Leader.
Notable Q4 customer acquisition includes prominent names such as Atmosphere TV, Demandbase, Valo Health, BioLegend Inc., Black Rock Coffee, Shenandoah Valley Organic, and more.
The launch of several new initiatives, tools and programs, including:
- FloQast Ops, a new workflow manager solution that addresses upstream and downstream financial functions to deliver greater control and transparency across accounting operations.
- FloQast ReMind, a new request management workflow add-on that automates manual tasks and delivers new levels of visibility across the close process.
- FloQast Studios, a full-scale production arm of FloQast designed to create entertaining, engaging, and educational content by accountants for accountants.
- Partnership with Donnelley Financial Solutions (NYSE: DFIN) to transform the financial close and reporting processes, especially for companies planning to go public.
Notable growth in EMEA including:
- The opening of FloQast’s London-based office.
- 68 new customers – notable Q4 logos include Revolut, Babylon Health, Watches of Switzerland, and Ironsource.
The appointment of several new executives to drive FloQast’s success in 2022 and beyond, including:
- Chief Financial Officer, Razzak Jallow
- Vice President of Customer Success, Justin Smith
- Chief Marketing Officer, C. Edward Brice
The hosting of TakeControl 2021 in September, FloQast’s third-annual user conference, drawing more than 2,000 industry professionals and recognizing world-class accounting professionals and FloQast customers excelling in their pursuit of operational excellence.
The receipt of several high caliber awards and accolades, such as inclusion in Built In’s Best Place to Work list for the fourth year in a row, being named one of the Best Workplaces in the Country by Inc. Magazine, and one of the Best Places to Work by the Los Angeles Business Journal.
Reaching 1,000 users in the FloVerse, an online community platform for FloQast customers to network and collaborate.

This growth and momentum is made possible by FloQast’s community of employees who are committed to making accountants and financial leaders’ lives easier and more productive. Despite the challenges faced over the past two years during the pandemic, the company continues to excel in its performance, a credit to the team’s commitment to customer service and excellence in pursuit of FloQast’s overarching vision.

About FloQast
FloQast delivers workflow automation software enabling organizations to operationalize accounting excellence. Trusted by more than 1,500 accounting teams – including Twilio, coinbase, Los Angeles Lakers, Zoom, and snowflake – FloQast was built by accountants, for accountants to enhance the way accounting teams work. FloQast enables customers to streamline processes such as automated reconciliations, documentation requests, and other workflows that impact the month-end close, financial reporting, and payroll, and is consistently rated #1 across all user review sites. Learn more at FloQast.com.

Contact:
Kyle Cabodi
FloQast Director of Corporate Communications
kyle.cabodi@floqast.com

February 3, 2022

ROSEN, TRUSTED AND TOP RANKED INVESTOR COUNSEL, Encourages Paysafe Limited f/k/a Foley Trasimene Acquisition Corp. II Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – PSFE, BFT

NEW YORK, Feb. 02, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Paysafe Limited f/k/a Foley Trasimene Acquisition Corp. II (NYSE: PSFE, BFT) between December 7, 2020 and November 10, 2021, inclusive (the “Class Period”), of the important February 8, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Paysafe securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Paysafe class action, go to http://www.rosenlegal.com/cases-register-2208.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 8, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Paysafe was being negatively impacted by gambling regulations in key European markets; (2) Paysafe was encountering performance challenges in its Digital Wallet segment; (3) new eCommerce customer agreements were being pushed back; and (4) as a result of the foregoing, defendants’ positive statements about Paysafe’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Paysafe class action, go to http://www.rosenlegal.com/cases-register-2208.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

February 3, 2022

HEVĒ, Part of [INVNT GROUP], to Launch “ORIGINS” A Division Dedicated to Accelerating Growth for Start-Ups

The Global BrandStory Creators appoint SVP of Growth Strategies, Bill Stump, to lead “ORIGINS by HEVĒ” to launch, accelerate or reboot emerging BrandStories in the innovative health, wellness, and fitness industry

New York, NY, Feb. 02, 2022 (GLOBE NEWSWIRE) — HEVĒ, pronounced “heavy”, is a global and specialized creative agency and production studio built to create BrandStories. Since its launch 3 years ago, HEVĒ has experienced rapid growth across industry sectors taking BrandStories to new heights. Today, they announce the launch of a new agency focus “ORIGINS by HEVĒ” dedicated to innovative start-ups in the health, wellness, and fitness space. Why ORIGINS? Because every great story starts at the beginning.

The 2021 market closed with a record-breaking $44 Billion raised globally in health innovation, doubled funding year-over-year, and a 20x increase in the last ten years (Source: Startup Health Insights). Digital health has been experiencing historic growth as a category, but there is an agency gap. In response, HEVĒ developed a dedicated solution for early-stage companies to enter the market in a meaningful way. An agency that serves as Brand Guardians to develop the identity, craft the story, and buy effective media, and an in-house studio that serves as Brand Creators to produce premium, yet efficient, original content for these companies.

ORIGINS by HEVĒ will be headed up by seasoned health and wellness expert, Bill Stump as Senior Vice President of Growth Strategies. Stump has over 20 years of deep media and agency experience, and an extensive background representing clients through his role as CEO and board member for digital physical therapy brand Egoscue Inc. In three years, Stump led the company through a complete rebranding process that doubled revenue and increased valuation +500% without outside investment. Through this experience, Stump gained invaluable knowledge of the challenges and opportunities early-stage health tech companies face and what they need in order to grow.

“Joining the HEVĒ team to pursue this growth venture with founder-led businesses is exactly what emerging health, wellness and fitness brands need today. HEVĒ is extending their historic storytelling expertise with iconic brands to smaller businesses with big aspirations, which could be a pivotal game changer for these emerging brands”, said Bill Stump.

Previously, Stump held senior positions at Men’s Health, Women’s Health, and Prevention. He developed and launched 26 international editions of Men’s Health in Europe, Asia, and Latin America. Stump also inaugurated and operated Rodale Inc.’s first-ever New Product Development team to incubate, build, test, and bring new brands and products to market – successes included YogaLife and Women’s Health.

On the new focus, CEO of HEVĒ, Chris Hercik, states “As individuals and brands, our origin story is the one thing that is unique and original to us. HEVĒ’s origin story began with the idea that great stories carry great weight, and if you have the right trifecta of talent, you can truly focus on telling BrandStories less told and create meaningful impact for your business. Now, we are extending that same method to the origin stories of new entrants in the digital health market.”

#####

About HEVĒ

HEVĒ, The Global BrandStory Creators, is part of [INVNT GROUP]™. Pronounced “heavy”, HEVĒ is a small but mighty creative agency and production studio built specifically to be the creators and guardians of your BrandStory. As Brand Guardians, HEVĒ Agency shows partners that anything imagined can be real if it led by a story, powered by strategy, and grounded in expertise. As Creators, HEVĒ Studios is on a mission to create the uncreated and ensure its well-made because Great Stories Carry Great Weight. HEVĒ is known for its innovative approach to telling BrandStories for valued partners such as SHRM, L’Oréal, FOX, Sports Illustrated, PatientPoint and many more. For more information visit www.hevestudios.com

About [INVNT GROUP]

[INVNT GROUP] was established in 2020, as an evolution of the founding global live brand storytelling agency INVNT in 2008, with a vision to provide consistent, meaningful, well-articulated BrandStory across all platforms. With offices in New York, Sydney, London, Singapore, San Francisco, Sydney, Stockholm, Detroit, and Washington D.C.; headed by President and CEO, Scott Cullather, [INVNT GROUP], THE GLOBAL BRANDSTORY PROJECT™ represents a growing portfolio of complementary disciplines designed to help forward-thinking organizations everywhere, impact the audiences that matter, anywhere. The GROUP consists of modern brand strategy firm, Folk Hero; creative-led culture consultancy, Meaning; branded content studio and content marketing agency HEVĒ, INVNT Higher Ed; events for colleges and universities, and the original live brand storytelling agency, INVNT. For more information about [INVNT GROUP], visit: www.invntgroup.com.

Attachment

Origins by HEVĒ Studios

Jhonathan Mendez de Leon
[INVNT GROUP]
1.347.819.2089
jmendezdeleon@invnt.com

Shendi Katro
HEVĒ
1.857.237.6565
skatro@hevestudios.com

February 3, 2022

Annual general meeting of Clover Pakistan Limited to be held on February 24, 2022

Karachi, Clover Pakistan Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on February 24, 2022 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on January 20, 2021, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Clover Pakistan Ltd was incorporated in Pakistan on September 30, 1986 as a Public Listed Company. The principal business of the Company is includes sale of food items, consumer durables and also import and trade gantry equipment’s air/oil filter and other car care products.

The total number of shares are 31,143,059. The Earnings per share is (4.98) in 2020 which was 8.11 in 2019. The Profit after Taxation of the Company is (155,218,000) in 2020 which was 252,496,000 in 2019

February 3, 2022

Transaction of 1,050 shares of Millat Tractors Limited

Karachi, Millat Tractors Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,050 shares @ Rs. 880.00 per share were bought from the market on February 01, 2022 through CDC.

Millat Tractors Limited is a public interest company, was incorporated on June 08, 1964. The Company is engaged in assembly and manufacturing of agricultural Tractors, Implements and Multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan.

The total number of shares of the Company are 56,057,751. The Earnings per share of the Company is 43.16 in 2020 which was 73.01 in 2019. The Profit After Taxation is 2,150,548,000 in 2020 which was 3,638,045,000 in 2019.

February 3, 2022

Transmission of Annual Report for the Year Ended June 30, 2021 of Clover Pakistan Limited

Karachi, Clover Pakistan Limited informed Pakistan Stock Exchange that Annual Report of the Company for the year ended June 30, 2021 have been transmitted through PUCARS and is also available on Company’s website.

February 3, 2022

Resignation of Chief Executive Officer of Escorts Investment Bank Limited

Karachi, Escorts Investment Bank Limited informed Pakistan Stock Exchange that Mr. Naveed Amin has resigned from the position of Director and Chief Executive Officer of the Bank with effect from February 02, 2022.

Escorts Investment Bank Limited was incorporated in Pakistan on 15 May 1995 and is regulated and supervised by the Securities and Exchange Commission of Pakistan and is listed on the Pakistan Stock Exchange.

The Company is licensed to carry out investment finance services, as a Non-Banking Finance Company and Nonbanking Finance Companies. The Company is a subsidiary of Bahria Town (Private) Limited.

The total numbers of shares are 135,600,000. The Earnings per share is (0.24) in 2020 which was (1.14) in 20219. The Company had a loss of Rs. 29,910,000 in 202 which was 50,296,000 in 2019.

February 3, 2022

Transaction of 9,256 shares of Habib Bank Limited

Karachi, Habib Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 7,751 shares @ Rs. 124.25 per share were sold in the market on February 02, 2022, 25 shares @ Rs. 124.27 per share were sold in the market on February 02, 2022 and 1,480 shares @ Rs. 124.26 per share were sold in the market on February 02, 2022 through CDC.

Habib Bank Limited is incorporated in Pakistan and is engaged in commercial banking related services in Pakistan and overseas. The Aga Khan Fund for Economic Development (AKFED), S.A. is the parent company of the Bank and its registered office is in Geneva, Switzerland.

The Government of Pakistan privatized HBL in 2004 through which Aga Khan Fund for Economic Development (AKFED) acquired 51% of the Bank’s shareholding and the management control. The remaining 41.5% shareholding by the GoP was divested in April 2015. AKFED continues to retain 51% shareholding in HBL while the remaining shareholding is held by individuals, local and foreign institutions and funds including CDC Group Public Limited Company which holds 5% and International Finance Corporation which holds 3%.

The Bank is listed on Pakistan Stock Exchange. The shares of the bank are 1,466,852,508. Its Earnings per shares is 21.49 in 2020 which was 10.27 in 2019. Their Profit after Taxation is 31,523,682,000 in 2020 which was 15,064,189,000 in 2019.

February 3, 2022

Transaction of 10,785 shares of Habib Bank Limited

Karachi, Habib Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 5,685 shares @ Rs. 121.00 per share were sold in the market on February 02, 2022 and 5,100 shares @ Rs. 121.02 per share were sold in the market on February 02, 2022 through CDC.

February 3, 2022

Appointment of Directors, Chairman and Chief Executive Officer of Dewan Textile Mills Limited

Karachi, Dewan Textile Mills Limited informed Pakistan Stock Exchange that Mr. Haroon Iqbal, Mr. Ishtiaq Ahmed, Mr. Imran Ahmed Javed, Syed Maqbool Ali, Mr. Ghazanfar Babar Siddiqui, Mr. Aziz-ul-Haque and Mrs. Nida Jamil have been elected as Directors of the company.

Further, that Mr. Ghazanfar Baber Siddiqui has been appointed as Chairman and Mr. Ishtiaq Ahmed as Chief Executive officer of the company with effect from February 03, 2022.

Dewan Textile Mills Limited was incorporated in Pakistan on 16 April 1970 as a public limited company. The principal activity of the Company is manufacturing and sale of yarn. However, the Company has suspended its manufacturing operations since December 2015.

The shares of the Company are 46,064,609. The Earnings per shares of the company is (13.17) in 2020 which was (18.98) in 2019. The Company had a loss of 606,778,000 in 2020 which was 874,172,000 in 2019.

February 3, 2022

Material Information of Yousaf Weaving Mills Limited

Karachi, Yousaf Weaving Mills Limited informed Pakistan Stock Exchange that the company has contracted with Prism Energy Private Limited for installation of Solar System that shall provide 2MW electricity for a period of 15 years at economical rate of Rs. 9.90 per unit which will be raised 3% per annum.

The Company was incorporated on January 17, 1988 as a public limited company. The Company is engaged in the business of textile weaving, spinning and sale of processed fabric, home textile and dairy products. The registered office of the Company is situated at 7/1, E-3, Main Boulevard Gulberg III, Lahore.

The total numbers of shares 90,000,000. The Earnings per share is (0.84) in 2020 which was (0.83) in 2019. The Company had a loss of Rs. 75,481,000 in 2020 which was 74,291,000 in 2019.

February 3, 2022

Progress Report of Jubilee Spinning and Weaving Mills Limited

Karachi, Jubilee Spinning and Weaving Mills Limited informed Pakistan Stock Exchange that a no objection Certificate has been received from Habib Bank Limited and assured that their request for NOC has been forwarded to their legal; department.

Jubilee Spinning & Weaving Mills Limited was incorporated in Pakistan as a public limited company on 12 December 1973. The Company obtained certificate of commencement of business in January 1974. The principal objective of the Company is to engage in the business of manufacturing and selling of yarn, buying, selling and otherwise dealing in yarn and raw cotton. The Company also operates electric power generation facilities which generate electricity for use within the production site.

Shares of the Company are listed on all stock exchanges of Pakistan. Its registered office is situated in Lahore and the production facilities are located at Karachi.

The total number of shares are 32,491,205. The Earnings per shares of the company is (0.32) in 2020 which was 0.89 in 2019. The Profit After Taxation in 2020 is (10,481,000) which was 28,891,000 in 2019.