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A1 WORKMAN responds to the market of the home renovation trends


HONG KONG SAR – Media OutReach – 9 February
2021 – Although Covid-19 has brought depression to the world, it does not
affect the “customization enthusiasm” in Hong Kong’s renovation industry,
rather, it helps the business to grow. Whether it is office renovation or
household renovation, many people hope to improve productivity by personalizing
the space, which further helps to improve their quality of life and the efficiency
at work.

owners renovate their offices with emphasis on practicality and flexibility of

to the latest published report on January 2021, Premium Office Rent Tracker,
December 2020, office rents in Central and Eastern districts Hong Kong are
among the top 20 in the world. Among them, rents of the central districts are
the most expensive, reaching the cost of 
$240/square feet every year. Moreover, as the Hong Kong marketing
environment is changing rapidly, the traditional office working mode needs to
adapt to the constantly changing needs for the work environment. Due to the
great impact of the COVID-19 pandemic, it’s inevitable for the companies to
make some adjustments, whether integrate or expanse business, therefore, the question
for business owners to consider is how to make the best use of the small space.

John Wong, the manager of A1 WORKMAN, said that more than 30% of
customers choose to renovate their offices and use the custom furniture
services in order to maximize the use of the space as well as coordinating the
office styles. Besides, customers desire to have more than just a flexible
office space but an office to meet the future intelligence requirement.

large amount of old houses increase the need for second-hand apartments renovation


to the reports from Centaline Property Agency, 60% of apartments purchased by
Hong Kong consumers are among the categories of buildings aged 15 years or
above and secondhand houses. These second-hand apartments are worrying many
residents as they might have safety issues or structural problems, therefore,
there are increase demands of old house renovation services in Hong Kong. “We
too receive a lot of inquires from people regarding the renovation services,
many property buyers tend to renovate their secondhand apartments before moving
in, and before the renovation starts, demolition and restoration need to be
done first. On the other hand, some people are concerned about the water-proof
ability because the buildings are old, so they also want to use the renovation

Though people are fond of online shopping for disinfection
home appliances and DIY small projects, they still rely on renovation companies
for the big projects.

According to our survey, over 40% of property
owners hope to redefine their homes based on their own aesthetic and living habits,
creating the “ideal home” in accord with the personality and needs. However,
most people are not able to do it due to the lack of time and the lack of
skill, they may do some DIY works for small items, yet they still rely on
renovation companies for the bigger project. In addition, people stay home
longer now because of the pandemic and many families choose to order home
appliances online, as a result, some Hong Kong renovation firms decided to
establish the online stores for household appliances to meet this need. Take A1
WORKMAN for example, they set up a website for online home appliance purchase
which not only provides online inquiry services but also delivery and on-site instillation
service in areas like Tuen Mun, Tsuen Wan, Kwai Chung and Kwai Tsing, etc.
According to A1 WORKMAN, the best selling products are sterilization air
conditioner, fan, air purifier, vacuum cleaner, kitchen appliances and so on.

The use of space in the future is sure to
change along with the development of the society, it is going to suit the needs
of everyday life and the change of home/office settings. No matter the development,
the first and foremost requirement is to be safe and practical. In a word, the
priority of renovation and remodeling is to focus on quality and safety.


A1 WORKMAN is a professional renovation company in Hong Kong. It undertakes various renovation projects. Their business includes: home decoration, air-conditioning engineering, store and warehouse decoration, banner production, office and building construction, building inspection, aluminum window construction, home furnishing and commercial demolition and restoration, door lock installation and change.


$10 Million Lawsuit Filed Against Maker Of Allegedly Defective Semi-Automatic Handgun By Federal Agent Shot Without Ever Touching The Trigger


PHILADELPHIA, Feb. 18, 2021 /PRNewswire/ — A veteran Federal agent, who was shot by his own holstered Sig Sauer P320 semi-automatic service handgun, has filed a $10 million lawsuit in United States District Court alleging his injuries were the result of the gun's potentially deadly design defects that allow it to suddenly fire without the user touching, let alone, pulling the trigger. Plaintiff-Agent Keith Slatowski, of suburban Philadelphia, is the latest casualty of the sidearm. He is jointly represented by trial attorneys from Bagnell Law, LLC, of Westport, CT, and Saltz Mongeluzzi & Bendesky P.C., of Philadelphia. The complaint, filed in United States District Court for the Eastern District of Pennsylvania, is believed to be the first such filing in Pennsylvania.

Jeffrey S. Bagnell, who has represented numerous victims nationwide of Sig Sauer's P320, said the complaint (Slatowski v. Sig Sauer, Inc. 2:21-cv-00729, 02/17/2021) is brought on behalf of “an exemplary, highly trained public employee, former Marine, husband and father of four, who is lucky to be alive.  He is hopeful that this latest incident will finally result in Sig Sauer recalling the P320.” He added, “There are hundreds of thousands of these guns in circulation now – in the holsters of police and in households of private citizens – and we believe, based on the disturbing number of incidents to date, that they present a serious safety risk to their owners and those around them.”

The complaint, which includes claims of defective design, deceptive marketing practices, and negligence, details how 48-year-old Immigration and Customs Enforcement Agent Slatowski, while preparing to fire his service weapon on September 21, 2020, at a government firing range, was suddenly shot with a 9mm round without touching the trigger. Introduced in 2014 by the New Hampshire-based manufacturer, the modular P320 features a striker-fired mechanism that replaced the tradition double-action hammer.

According to the complaint, “the bullet struck him in his upper right hip and exited out the back of his lower thigh, causing substantial injury, maceration of tissue, blood loss, and nerve damage,” according to the complaint.  While the manufacturer expressly warrants the gun will never fire – holstered or not – unless “you want it to,” the complaint alleges it discharged “without the trigger being pulled.” The agent's physical and psychological injuries are detailed in the complaint.

“To this day I'm shocked that a firearms manufacturer would design, build and sell a lethal weapon knowing it could fire without the most highly trained soldier, agent, or civilian ever touching the trigger,” said Agent Slatowski following the complaint filing. “I also cannot believe that the gun maker repeatedly has blamed the victims for their own negligence, as if me, the sheriff's deputy in Virginia whose leg was shattered, the special forces operative in Canada, on and on, were all at fault, as if we intended to shoot ourselves. They don't confront the fact their gun is prone to defective firing and somebody's going to get killed unless they're recalled and fixed.”

Robert Zimmerman, of SMB, and Mr. Bagnell's co-counsel, said that Agent Slatowski, who is unable to work and undergoing further treatment for his debilitating injuries, recognizes the importance of the justice system to hold Sig Sauer responsible for its actions. Unlike manufacturers of other consumer and workplace products, such as automobiles, industrial equipment and machinery, and household appliances, gun makers have not fallen under the jurisdiction of federal safety agencies, such as the Consumer Product Safety Commission.

“Everyone can agree that a gun should not discharge unless it is intended. Tragically, that is what happened here when this product defectively discharged a bullet into the leg of a highly trained and well respected law enforcement officer. As outlined in the complaint, Sig Sauer has claimed that the P320 meets 'federal government standards for gun safety', which is all part of its spin campaign to cover up its failure to protect its customers and the public from harm. Instead of doing the right thing – recalling the gun and making it safe for every owner – it has repeatedly put profits over safety. Mr. Bagnell is widely recognized at the forefront of litigators successfully representing victims of the defective P320. It was ideal to partner with him in this case given our firm's extensive experience and results in litigating complex product liability cases regionally and nationally. As a team, we're working to hold Sig Sauer accountable for its actions at trial.” SMB's Larry Bendesky and Scott A. Fellmeth are also counsel-of-record.

Mr. Bagnell last year filed a nearly identical complaint (Jinn vs. Sig Sauer, Inc.,1:2020cv01122) in the Southern District of New York on behalf of a Homeland Security Investigations special agent who in 2019, while training at a Bronx firing range, was wounded when his service P320 defectively fired a round. His other P320 victims include former Loudon County, Virginia Sherriff's Deputy Marcie Vadnais (her career ended in 2018 when, without touching the trigger, her holstered gun fired, shattering her leg), said, “These un-commanded discharges of P320s have happened all over the country. Only blocks from where this lawsuit is being filed, a SEPTA Transit Police Officer's P320 fired while he was on duty in Suburban station in August 2019.  It was only sheer luck that neither he nor nearby bystanders were hit.  It is not okay that this keeps happening.” 

The complaint also states that  defendant's conduct was so egregious that is goes “beyond all possible bounds of decency, and be regarded as atrocious, and utterly intolerable in a civilized community.” 


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SOURCE Saltz Mongeluzzi

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Alger Expands Retirement Plan Offerings with High-Conviction, Focused Large Cap Collective Investment Trust


NEW YORK, Feb. 18, 2021 /PRNewswire-PRWeb/ — Fred Alger Management, LLC (“Alger”), a $43 billion growth equity investment manager, is pleased to announce the expansion of its Collective Investment Trust (CIT) offerings with Alger Focus Equity CIT, a focused portfolio of approximately 50 high-conviction, large capitalization stocks.

The Alger Focus Equity strategy, started by Alger in 2013, has more than $3.2B in AUM. Currently, the strategy is offered in several vehicles, including a mutual fund (the Morningstar 5-star rated Alger Focus Equity Fund), separate accounts, retail SMA and an offshore vehicle. The Alger Focus Equity CIT joins a strong lineup of CITs, including the Alger Capital Appreciation Series CIT, which was launched in 2014.

“We believe it's important to offer retirement plan clients a choice when it comes to investments in their plans. With the launch of the Alger Focus Equity CIT, we're able to package a high-conviction strategy into a vehicle with an attractive pricing structure for a retirement plan,” said Jim Tambone, executive vice president and chief distribution officer at Alger.

Serving as the Trustee of Alger's CITs, SEI Trust Company is a subsidiary of SEI, a leading global provider of investment processing, investment management and investment operations solutions. Alger plans on continuing to partner with SEI as it offers additional CITs across the asset class spectrum to its retirement-focused advisor clients.

“We expect Alger's Focus Equity CIT offering, coupled with SEI Trust Company's expertise, to be a powerful combination in the U.S. retirement market,” said John Alshefski, senior vice president and managing director of SEI's Investment Manager Services division.

In addition to the launch of the new CIT, Alger and SEI have registered these CITs with Nasdaq Fund Network (“NFN”). Plan sponsors and advisors will now be able to access daily net asset value and performance information. The three CITs on NFN include:

  • Alger Capital Appreciation Series CIT (R1): AGCASX
  • Alger Capital Appreciation Series CIT (R5): SEIAAX
  • Alger Focus Equity Series CIT (R1): SEIACX

“Alger has been helping plan sponsors, consultants and retirement focused advisors improve retirement outcomes for participants by providing strong growth equity investment options for more than 55 years. We continue to see increased demand for CITs and are pleased that we can offer these to advisors and record keeping platforms,” said John Carbone, senior vice president and head of retirement investment solutions. “We believe listing the CITs on the Nasdaq Fund Network will provide more information and transparency for plan sponsors and will ultimately lead to increased utilization of CITs in small and mid-sized retirement plans.”

“Increased data access and transparency benefit all investors,” said Devin McCarthy, managing director, Nasdaq Fund Network. “Nasdaq is proud to partner with SEI and Alger to make CITs more accessible to the broader investment community across major retirement platforms.”

About Alger
Founded in 1964, Alger is widely recognized as a pioneer of growth-style investment management. Headquartered in New York City with affiliate offices in Boston and London, Alger provides U.S. and non-U.S. institutional investors and financial advisors access to a suite of growth equity separate accounts, mutual funds, and privately offered investment vehicles. The firm's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for over 50 years. Weatherbie Capital, LLC, a Boston-based investment adviser specializing in small and mid-cap growth equity investing is a wholly-owned subsidiary of Alger. For more information, please visit

About SEI
After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions designed to help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of Dec. 31, 2020, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers approximately $1 trillion in hedge, private equity, mutual fund and pooled or separately managed assets, including approximately $369 billion in assets under management and $787 billion in client assets under administration. For more information, visit

SEI Trust Company (“STC”) is a non-depository trust company chartered under the laws of the Commonwealth of Pennsylvania, which provides trustee, custodial, operational and administrative services to various collective investment trusts. STC was formed in June 1989, is a wholly-owned subsidiary of SEI Investments Company and is regulated and examined by the Pennsylvania Department of Banking and Securities. The Trustee shall offer interests in each Trust only to parties who are eligible plans in a collective investment trust pursuant to applicable law, including, but not limited to, the applicable provisions of the Securities Act of 1933, the Investment Company Act of 1940 and the Pennsylvania Banking Code of 1965, as well as the terms of the offering documents for each specific trust.

The Alger Collective Trust (the “Trust”) is a trust for the collective investment of assets of participating tax qualified pension and profit sharing plans and related trusts, and governmental plans as more fully described in the Declaration of Trust. The Alger Capital Appreciation Series CIT and Alger Focus Equity Series CIT are managed by SEI Trust Company, the trustee, based on the investment advice of Fred Alger Management, LLC, and the investment adviser to the Trust. As a bank collective trust, the Alger Capital Appreciation Series CIT and Alger Focus Equity Series CIT are exempt from registration as an investment company.

Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. A significant portion of assets will be invested in technology companies, which may be significantly affected by competition, innovation, regulation, and product obsolescence, and may be more volatile than the securities of other companies. Investments in the Consumer Discretionary Sector may be affected by domestic and international economies, consumer's disposable income, consumer preferences and social trends. Foreign securities involve special risks including currency fluctuations, inefficient trading, political and economic instability, and increased volatility. Assets may be focused in a small number of holdings, making them susceptible to risks associated with a single economic, political or regulatory event than a more diversified portfolio. Active trading may increase transaction costs, brokerage commissions, and taxes, which can lower the return on investment.

© 2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structures. It may be based in part, on the performance of a predecessor fund. For each fund with at least a three year history, Morningstar calculates a Morningstar™ Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating Metrics. Alger Focus Equity Fund Class Z was rated 4, 5, and 4 stars for the 3-, 5-, and 10-year periods among 1197, 1070, and 789 Large Growth funds as of 12/31/20.

Rankings and ratings may be based in part on the performance of a predecessor fund or share class and are calculated by Morningstar using a performance calculation methodology that differs from that used by Fred Alger Management, LLC's. Differences in the methodologies may lead to variances in calculating total performance returns, in some cases this variance may be significant, thereby potentially affecting the rating/ranking of the Fund(s). When an expense waiver is in effect, it may have a material effect on the total return or yield, and therefore the rating/ranking for the period.

Before investing, carefully consider the Fund's investment objective, risks, charges, and expenses. For a prospectus and summary prospectus containing this and other information or for the Fund's most recent month-end performance data, visit, call (800) 992-3863 or consult your financial advisor. Read the prospectus and summary prospectus carefully before investing.

Distributor: Fred Alger & Company, LLC. Member NYSE Euronext, SIPC. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE.

Media Contact

Scott Anderson, Alger, 212-806-2972, [email protected]

Sheila Kulik, Prosek, 203-745-2523, [email protected]



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Thinking about buying stock in Avinger, Rigel Pharmaceuticals, Vistagen Therapeutics, Bio-Path, or Corvus Pharmaceuticals?


NEW YORK, Feb. 18, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for AVGR, RIGL, VTGN, BPTH, and CRVS.

To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.


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SOURCE InvestorsObserver

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