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Astrotech Announces Closing of $18.0 Million Upsized Public Offering

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Astrotech Corporation (NASDAQ: ASTC), today announced that it has closed its previously announced public offering of an aggregate of 7,826,086 shares of its common stock at a purchase price of $2.30 per share for aggregate gross proceeds of approximately $18.0 million. The Company intends to use the net proceeds from this offering for continuing operating expenses and working capital.

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

The shares of common stock were offered by Astrotech pursuant to a registration statement on Form S-1 (File No. 333-239705) previously filed with the Securities and Exchange Commission (the “SEC”) on September 30, 2020, and an additional registration statement on Form S-1 (File No. 333-249582) filed pursuant to Rule 462(b), which became automatically effective on October 21, 2020, including a final prospectus filed with the SEC on October 22, 2020. Electronic copies of the final prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (646) 975-6996 or e-mail at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Astrotech Corporation

Astrotech (NASDAQ: ASTC) is a science and technology development and commercialization company that launches, manages, and builds scalable companies based on innovative technology in order to maximize shareholder value. 1st Detect develops, manufactures, and sells trace detectors for use in the security and detection market. AgLAB is developing chemical analyzers for use in the agriculture market. BreathTech is developing a breath analysis tool to provide early detection of lung diseases. Astrotech is headquartered in Austin, Texas. For information, please visit www.astrotechcorp.com.

Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, market and other conditions, the severity and duration of the COVID-19 pandemic and its impact on the U.S. and worldwide economy, the timing, scope and effect of further U.S. and international governmental, regulatory, fiscal, monetary and public health responses to the COVID-19 pandemic, the completion of the public offering and the Companys use of proceeds from the public offering, whether we can successfully complete the development of our new products and proprietary technologies, whether we can obtain the FDA and other regulatory approvals required to market our products under development in the United States or abroad, and whether the market will accept our products and services, as well as other risk factors and business considerations described in the Companys Securities and Exchange Commission filings, including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. In addition, any forward-looking statements included in this press release represent the Companys views only as of the date of its publication and should not be relied upon as representing its views as of any subsequent date. The Company assumes no obligation to update these forward-looking statements, except as required by law.

Eric Stober, Chief Financial Officer, Astrotech Corporation, (512) 485-9530

 

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Market America | SHOP.COM Partners With Packsize To Solve Packaging Constraints And Improve Efficiencies While Becoming More Environmentally Friendly

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GREENSBORO, N.C., Nov. 24, 2020 /PRNewswire-PRWeb/ — Market America | SHOP.COM, a global product brokerage and internet marketing company that specializes in one-to-one marketing, is proud to announce its partnership with Right-sized Packaging on Demand® manufacturer, Packsize International, LLC. With the introduction of Packsize machine systems, Market America | SHOP.COM has already begun optimizing its labor and material efficiencies across its main warehouse at its corporate headquarters in Greensboro, North Carolina.

To improve the overall customer experience, Market America | SHOP.COM customers are receiving the products they ordered in a right-sized box – the smallest possible box size to fill the order. This happens through Packsize's semi-automated X4® packaging system, producing custom-sized boxes that are not too big or too small but just the right size for the specific order of each customer.

“By implementing Packsize technology, our company moved from six stock box sizes to over 150 box size options and is continuing to expand,” said Marc Ashley, President and Chief Operating Officer of Market America Worldwide. “Traditionally, having more sizes of boxes would mean having a surplus of boxes in various sizes, taking up more space in our warehouse. With Packsize's X4 packaging system, however, a machine located on-site is able to produce custom boxes at various sizes and dimensions that are already glued and labeled, at a rate of up to 300 boxes an hour. This allows Market America | SHOP.COM to significantly reduce the amount of warehouse space dedicated for packaging supplies while also reducing the amount of corrugated material – the product made from trees to make cardboard boxes – that the company uses. We are literally solving packaging constraints and improving efficiencies in our warehouse while protecting the environment, so we are already in the process of evaluating how to implement this same technology at all of our distribution centers around the world.”

No matter what the need is, today's consumers are buying online, on a daily basis, from the comfort of their own home. More online purchases mean an increase of packaging materials are used, often ending up as waste. In fact, an article in the Wall Street Journal estimates shipping demand in Q4 2020 will outpace supply by 8.7% with daily demand for shipping reaching 86.3 million packages a day.

“From an efficiency standpoint, we have actually reclaimed space in our warehouse by not having thousands of pre-sized cardboard boxes waiting to be used. The X4 technology can make the exact size shipping box each customer needs for their particular order at an on demand basis. On top of this, we have decreased the time and manpower we used to spend filling each customer's shipping box with packaging materials so that nothing they ordered would move around inside the box or be damaged when transported from the warehouse to our customer's front door,” said Chad Sullivan, Market America | SHOP.COM (title)

According to Packsize E-Commerce Solutions Product Management Director, Connor Pehrson, “When we met with Market America | SHOP.COM, the company's leadership wanted to find a packaging resource that offered more than a quick fix but a long-term solution to the ongoing problem of waste that comes from discarded packaging. When we walked through our Smart Packaging for a Healthy Planet® program, we knew that we would be partnering with like-minded business leaders who wanted the best for their customers and for the planet. As more of us turn to ordering products online, we are more aware of the cost and waste associated with poor packaging. As demand increases for next-day or same day delivery, people cross-generationally are seeking better ways to be more sustainable and responsible online consumers. Packsize anticipates that Market America | SHOP.COM will be able to reduce packaging material usage up to 80%, while reducing the amount of corrugated material by 25%.”

Market America | SHOP.COM is a global product brokerage and internet marketing company that specializes in one-to-one marketing and is the creator of The Shopping Annuity®. Its mission is to provide a robust business system for entrepreneurs, while providing consumers a better way to shop. Headquartered in Greensboro, NC and with locations in eight countries, including the US, Market America was founded in 1992 by Chairman and CEO JR Ridinger. Through the company's primary shopping website, SHOP.COM, consumers have access to millions of products, including Market America exclusive brands and thousands of top retail brands. SHOP.COM ranks 11th in Newsweek Magazine's 2020 Best Online Shops, #42 on Digital Commerce 360's (formerly Internet Retailer) 2020 Top 100 Online Marketplaces, #67 in Digital Commerce 360's (formerly Internet Retailer) 2020 Top 1,000 Online Retailers, #12 in the 2019 Internet Retailer Primary Merchandise Category Top 500, #96 in the 2018 Internet Retailer Asia 500 and #18 in 2017's Internet Retailer Mobile 500. The company is also a two-time winner of the Better Business Bureau's Torch Award for Marketplace Ethics and received 2019's Triad Business Journal's “Fast 50” award as one of the top privately-held companies for sustained growth, driving the area's economy, marking the 14th time the company has received this recognition. Market America has also been named on Grant Thornton's North Carolina 100® (NC 100) ranking of the state's largest private companies by revenue 14 consecutive years. By combining Market America's entrepreneurial business model with SHOP.COM's powerful comparative shopping engine, Cashback Program, Hot Deals, SHOPBuddy® Express Pay check out, social shopping integration and countless other features, the company has become the ultimate online shopping destination.

For more information please visit http://www.marketamerica.com

Packsize International LLC., is the award-winning supply chain and sustainable packaging industry leader in North America, Europe, and Asia-Pacific. Packsize introduced Right-sized Packaging on Demand® in 2002 to give customers the ability to make their own boxes without investing capital into equipment, maintenance, and programming. Today, as a multinational manufacturer of advanced packaging systems and automated packaging machine technology, Packsize customers receive a tailored pre-configured packaging system and optimized workflow designed to deliver the scalable performance and reliability needed for highly efficient packaging environments.

Media Contact

Gillean Smith, Market America|SHOP.COM, 3364784066, [email protected]

 

SOURCE Market America|SHOP.COM

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8 Ways to Protect Yourself Against Scams on Black Friday and Cyber Monday

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SCOTTSDALE, Ariz., Nov. 24, 2020 /PRNewswire-PRWeb/ — The holidays are the most wonderful time of the year, especially for scammers. Consumers are typically spending more, doing it quickly and not paying as much attention to who they're buying it from because of the rush.

With the COVID-19 pandemic, many shoppers will make the bulk of their purchases online, which means this year's Black Friday and Cyber Monday shopping frenzy could be riskier than usual.

According to the Better Business Bureau, “37.9% of all reports to the BBB Scam Tracker “were online purchase scams, up from 24.3% in 2019.” On top of that, 80.5% of those consumers lost money due to those scams, up from 71.2% in 2015 when BBB began collecting data.

A BBB survey conducted in August found that the majority of these scammed consumers made purchases for which they never received products.

“Of those who lost money to an online purchase scam, 73% paid for a product and/or service and never received it. Others who fell for this scam type received an item different than the one that was promoted and could not get a refund (15%), had their credit card information stolen (1%), and reported other issues (11%) such as overcharges, extra fees, 'free' trial offers, recurring charges, and returned products with no refund,” according to the BBB survey report.

If you're planning to skip in-store holiday shopping, or if your state is already in lockdown, it's important to be on the lookout for the online scams that will undoubtedly show up in people's email, texts and social media feeds.

Here are eight ways you can make your holiday season safer:

1. Don't click that link…
According to the BBB survey, emails wasn't the most common way scammers pilfered people's pockets, but it does still happen. According to the BBB survey, only 2% of all consumers reporting fraud were targeted through email. Still, it's important to be wary. Scammers who use “phishing” emails (it looks like it's from a brand you know, but it's not) will include a link to a fake website where they'll ask for your banking or other personal information.

2. …and don't open that attachment
Legitimate retailers are never going to make you dig for the deals, so they aren't going to put the good stuff in an attachment. It's not just attachments from retailers, but also from shipping companies or financial institutions. Instead of clicking on a link or an attachment, you're safer to visit the company website directly or give them a call.

3. Beware the skimmers
Skimmers aren't just physical attachments to credit card readers at ATMs and gas pumps anymore. Cyber thieves have found ways to use the digital equivalent, installing code on retail websites that let them gather your payment card information as you pay for your goods or services.

Using a third-party financial institution like PayPal, Zelle or Venmo to pay for online purchases can help to keep your payment card information safe. You can also consider using a digital credit card that routinely cycles your credit card number so scammers can't actually use it for other purchases. If you're using a traditional credit card, sign up for transaction alerts.

4. You are using a credit card, yes?
Always use a credit card and not a debit card. Credit cards come with consumer protections that limit your liability if your card information is stolen. If a thief gets their hands on your debit card, they could make fraudulent charges that you will be responsible for. Remember, your debit card is a direct line to your cash on hand. Credit cards offer more protections, and less disruption, for victims of fraud.

5. Keep a close eye on your accounts
This is important all year long, particularly around the holidays when you're making more transactions and fraudulent charges may be harder to spot. So, either check your bank and credit card accounts daily or sign up for free transaction monitoring programs which notify you whenever there is activity in your bank, credit union or credit card accounts.

6. Be wary of “free” offers
Especially around the holidays, cyber thieves will often use scams offering free gift cards for completing surveys. If you receive one of these offers in an email or by text, it's best to do a quick Google search to see if it's legit. If it is, you should be able to access the survey tool directly from your internet browser rather than clicking on a link you aren't familiar with.

7. Do your online shopping at home on a secure network
Public Wi-Fi networks are not secure and can expose you to malware and hackers. That's why accessing your bank or credit card accounts, or even making purchases on websites, can be very risky. It's best to do your banking and shopping at home, but if you have to use public Wi-Fi, consider using a VPN (virtual private network) that encrypts your activity.

8. Change your passwords
If you're using the same password across a number of accounts, you are more vulnerable to cyber criminals. This is especially risky if you're using the same password for your credit card and banking accounts. If a criminal gets hold of your daisy-chained credentials, you could wind up with an empty bank account come Christmas morning.

If managing multiple passwords is an issue for you, consider using a password manager that generates unique passwords for your accounts and remembers them for you.

Bottom line
Don't let cyber criminals make you the gift that keeps on giving this holiday season. The simple, everyday security measures listed here should help you keep your financial accounts safe from hackers. To see more tips to safely shop online this holiday season, please visit https://mediafeed.org/50-ways-to-avoid-getting-scammed-on-black-friday/.

For added security, though, you may want to consider purchasing a full-service internet security suite, avoid posting sensitive information on social media channels, and never, ever give your financial or sensitive personal information to anyone who contacts you by phone, online or in person. You might also want to check with your insurance company, financial institution and/or employer to see if they offer products and services to get you through an identity-related incident. Many do as a perk of your relationship either for free, or at a deep discount.

Media Contact

Margeaux Cardona, NovelPublicRelations, +1 (916) 402-0038, [email protected]

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SOURCE Adam Levin

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Freedonia Analyst Weighs In On West Fraser's Acquisition of Norbord

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CLEVELAND, Nov. 24, 2020 /PRNewswire/ — West Fraser Timber Company, a leading supplier of lumber and other wood products extensively used in the building and construction market, announced last week that it was acquiring Norbord, the leading global producer of oriented strand board (OSB) and a key supplier of engineered wood products, such as plywood. The transaction, which is expected to be completed in the first quarter of 2021, will create an integrated global wood building products manufacturer with annual sales of about US$6 billion.

According to Freedonia Group industry analyst Matt Zielenski, “This transaction will create a leading supplier of a full range of wood-based building materials. West Fraser is already a key player in the industry due to its leading position in the wood lumber, wood panels, and engineered wood products markets. By acquiring Norbord, West Fraser adds to its extensive wood panel and engineered wood products manufacturing capacity, and, more importantly, expands its portfolio by adding Norbord's OSB product lines. Thus, West Fraser can position itself as the leader supplier of nearly all of the wood products used in construction applications.”

West Fraser will also benefit by becoming a global player in the wood products market. While West Fraser exclusively operates in the US and Canada, Norbord boasts a number of manufacturing centers in Europe, as well as a distribution network in Japan that serves the growing Asian market. These international operations will boost sales as the world recovers from the recession caused by the COVID-19 pandemic.

Noted Zielenski: “The combined company will be well-positioned to succeed as the economy recovers from the COVID-19 pandemic. Sales of lumber and other building materials have remained strong during the recession due to a surge in DIY projects. Going forward, this activity will remain strong, while solid demand for housing will spur building activity and thus drive demand for the products West Fraser supplies – lumber, plywood, OSB used as sheathing, and roof and floor trusses.”

For more information on the outlook for lumber and building materials, see the Construction & Building Products page on the Freedonia Group website. Check back in in a week for our new Wood Panels study.

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/freedonia-analyst-weighs-in-on-west-frasers-acquisition-of-norbord-301180214.html

SOURCE The Freedonia Group

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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