ALPHA, NJ, Sept. 16, 2020 /PRNewswire/ -- OMID Holdings, Inc. (OTC Pink: OMID), a publicly-traded health and wellness company, today provides a corporate update for shareholders. In addition to obtaining a current information reporting status with OTC Markets Group, OMID is pleased to highlight its unaudited second quarter financial results.
Key Financial Highlights of OMID Holdings, Inc. operations*:
Operating Results for the Three Months Ended June 30, 2020
Revenue was $463,270, increasing by 2084.4% Q/Q and 116.9% compared to the same period last year.
Gross Profit was $201,757, compared to $56,549 for the same period last year, a 256.8% improvement.
Net income was $109,311, compared to $18,228 for the same period last year, a 599.7% improvement.
Operating Results for the Six Months Ended June 30, 2020
Revenue was $484,478, a 48.2% increase compared to the same period last year.
Gross Profit was $205,637, a 140.7% increase compared to the same period last year.
Net income was $88,414, compared to $16,970 for the same period last year, a 421.1% improvement.
*All comparative figures reflect the operations of OMID Holdings, Inc. (successor) detailed in the consolidated financials beginning in the first quarter of 2020 per the acquisition in February 2020. The predecessor reporting entity's operations are not factored into these calculations; they are no longer statistically relevant.
"I am thrilled with the exceptional execution of my entire team during the second quarter - continuing into the third quarter - as we overcame many challenges related to the coronavirus." stated Adam Frank, OMID's chairman and CEO. "Our organization's commitment to safety, quality, integrity, and value combined with consistent innovation and operational flexibility is steadily generating exciting opportunities. In recognition of our current reporting status, I look forward to providing more detailed and consistent updates for our shareholders."
About OMID Holdings, Inc.
OMID Holdings, Inc. is a publicly-traded (OTC Pink: OMID) health and wellness company which owns and operates a manufacturing facility in Alpha, New Jersey. The headquarters is FDA-registered and Food Grade Certified for production within its clean room environment. The company is currently focused on the development, manufacture, and sale of hemp-based products for private label and in-house brands. For more information about the company, please visit https://omidholdingsinc.com/.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Japan's Yoshihide Suga Formally Elected As New Prime Minister
Japan's Yoshihide Suga Formally Elected As New Prime Minister
Yoshihide Suga, 71, won an easy victory, taking 314 votes of 462 valid ballots cast in the lower house of parliament, where his ruling Liberal Democratic Party holds a commanding majority with its coalition partner.
Japan PM Yoshihide Suga is expected to announce his cabinet later today.
Tokyo:
Japan's parliament on Wednesday elected Yoshihide Suga prime minister, with the former chief cabinet secretary expected to stick closely to policies championed by Shinzo Abe during his record-breaking tenure.
"According to the results, our house has decided to name Yoshihide Suga prime minister," lower house speaker Tadamori Oshima told parliament after the votes were counted.
Suga, 71, won an easy victory, taking 314 votes of 462 valid ballots cast in the lower house of parliament, where his ruling Liberal Democratic Party holds a commanding majority with its coalition partner.
He bowed deeply as lawmakers applauded following the announcement, but made no immediate comment.
He is expected to announce his cabinet later Wednesday, with local media reporting he will retain a number of ministers from Abe's government.
Suga has said he will prioritise keeping coronavirus infections under control and kickstarting Japan's economy, and has promised to continue Abe's key policy programmes.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Remembering Sushant Singh Rajput! Ankita Lokhande joins #Plants4SSR, Vikas Gupta feeds food to underprivileged kids | Hindi Movie News - Bollywood - Times of India
Ankita Lokhande has been quite vocal about her support for late Sushant Singh Rajput and his family. The actress planted trees in memory of Sushant. Along with her Mahesh Shetty & Arjun Bijlani joined this initiative. Watch the video to know more.
SEATTLE — William H. Gates II, a lawyer and philanthropist best known as the father of Microsoft co-founder Bill Gates, has died at 94.
Gates died peacefully Monday at his beach home in Washington state from Alzheimer's disease, the family announced Tuesday.
In an obituary the family credited the patriarch with a “deep commitment to social and economic equity,” noting that he was responsible for the Bill & Melinda Gates Foundation's first efforts to improve global health as well as his advocacy for progressive taxation, especially unsuccessful efforts to pass a state income tax on the wealthy in Washington.
“My dad’s wisdom, generosity, empathy, and humility had a huge influence on people around the world,” Bill Gates wrote in a tribute.
Born in 1925, Gates Sr. grew up in Bremerton, Washington, where his parents owned a furniture store. He joined the Army following his freshman year at the University of Washington and was en route to Japan when it surrendered in 1945.
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He served a year in war-torn Tokyo before returning to the United States and resuming his education, his family said. After earning his law degree in 1950, he began working in private practice and as a part-time Bremerton city attorney.
Bill Gates Sr., father of Microsoft Inc. founder Bill Gates, speaks during an interview with Bill Gates in Alexandria, VA.Andrew Harrer / Bloomberg via Getty Images file
He formed a Seattle law firm with two other partners that eventually became Preston Gates and Ellis — now known as K & L Gates, one of the world's largest law firms. The firm was one of the first to work with the region's technology industry.
Gates Sr. met his first wife, Mary Maxwell, at the University of Washington. They had two daughters and a son — Gates Jr. — and remained married until her death in 1994. Two years later he married Mimi Gardner, then the director of the Seattle Art Museum, with whom he spent the last quarter-century of his life.
“When I was a kid, he wasn’t prescriptive or domineering, and yet he never let me coast along at things I was good at, and he always pushed me to try things I hated or didn’t think I could do (swimming and soccer, for example),” Gates Jr. wrote in the tribute. “And he modeled an amazing work ethic. He was one of the hardest-working and most respected lawyers in Seattle, as well as a major civic leader in our region.”
That civic work included serving as a trustee of the Greater Seattle Chamber of Commerce, Planned Parenthood and United Way, and as a regent of the University of Washington, where he led fundraising drives. He also served as the president of the state and local bar associations and in the leadership of the American Bar Association, helping create diversity scholarships and promoting legal services for the poor.
“Bill Sr. was a person who cared about the plight of many, and he had the resources and never-ending civic commitment to do something about it,” Washington Gov. Jay Inslee said in a statement. “He made the choice to use his wealth and influence to advocate for and improve equity in our communities.”
Gates Sr. was a towering figure by reputation and in person — he stood 6-foot-7 tall — and his counsel was often sought. Former Starbucks Chairman Howard Schultz has said that when he was struggling to raise the money to buy the six-store coffee chain in 1987, Gates Sr. stepped in to rescue him from a rival buyer — not only by investing, but by personally taking Schultz to visit the rival, demanding as he loomed over the rival's desk: “You are going to stand down and this kid is going to realize his dream. Do you understand me?”
Gates retired from law in 1998 and took on prominent roles with the Gates Foundation, helping launch its work in global health.
The family said that due to restrictions related to the COVID-19 pandemic, a memorial service would be held later.
The surrogate sires were confirmed to have active donor sperm
Highlights
The researchers used the gene-editing tool CRISPR-Cas9
The male animals grew up sterile but otherwise healthy
The surrogate sires were confirmed to have active donor sperm, they said
Scientists have created first gene-edited livestock that can serve as viable "surrogate sires," males that produce sperm carrying only the genetic traits of donor animals, an advance that they say could improve food production for a growing global population.
The research, published in the journal PNAS, could speed the spread of desirable characteristics in livestock, and provide breeders in remote regions with better access to genetic material of ''elite animals'' from other parts of the world.
The advance would also allow more precision breeding in animals such as goats where using artificial insemination is difficult, the researchers said.
"With this technology, we can get better dissemination of desirable traits and improve the efficiency of food production. This can have a major impact on addressing food insecurity around the world," said Jon Oatley, a reproductive biologist at Washington State University in the US.
"If we can tackle this genetically, then that means less water, less feed and fewer antibiotics we have to put into the animals,” Oatley said.
The researchers used the gene-editing tool, CRISPR-Cas9, to knock out a gene specific to male fertility in the animal embryos that would be raised to become surrogate sires.
They produced mice, pigs, goats and cattle that lacked a gene called NANOS2 which is specific to male fertility.
The male animals grew up sterile but otherwise healthy, so when they received transplanted sperm-producing stem cells from other animals, they started producing sperm derived from the donor's cells, according to the researchers.
The surrogate sires were confirmed to have active donor sperm, they said.
The surrogate mice fathered healthy offspring who carried the genes of the donor mice, the researchers noted, adding that larger animals have not been bred yet.
The team is refining the stem cell transplantation process before taking that next step.
Scientists have been searching for a way to create surrogate sires for decades to overcome the limitations of selective breeding and artificial insemination, tools which require either animal proximity or strict control of their movement, and in many cases, both.
Artificial insemination is common in dairy cattle who are often confined so their reproductive behaviour is relatively easy to control, but the procedure is rarely used with beef cattle who need to roam freely to feed.
For pigs, the procedure still requires the animals be nearby as pig sperm does not survive freezing well. In goats, artificial insemination is quite challenging and could require a surgical procedure, the researchers explained.
The new technology could solve those problems since the surrogates deliver the donor genetic material the natural way, through normal reproduction, they said.
This, the researchers said, enables ranchers and herders to let their animals interact normally on the range or field.
This technology has great potential to help food supply in places in the developing world, where herders still have to rely on selective breeding to improve their stock, said Irina Polejaeva, a professor at Utah State University in the US.
"Goats are the number one source of protein in a lot of developing countries. This technology could allow faster dissemination of specific traits in goats, whether it's disease resistance, greater heat tolerance or better meat quality," Polejaeva said.
Is Android One holding back Nokia smartphones in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.
