Day: July 31, 2023

WATKINS WELLNESS EXPANDS INTO SAUNA CATEGORY THROUGH THE ACQUISITION OF SAUNA360

Post author By admin
Post date July 31, 2023

Vista, California, July 31, 2023 (GLOBE NEWSWIRE) — Watkins Wellness, a leader in hot tubs and aquatic fitness systems, today announced the expansion of its portfolio of personal well-being products and entry into the sauna category as a result of the pending acquisition of Sauna360 Group Oy (“Sauna360”) by Watkins Wellness’ parent company, Masco Corporation. Sauna360 is a leading global manufacturer of sauna solutions, and its portfolio of products includes traditional, infrared, and wood-burning saunas as well as steam showers, rooms and generators. These products are sold primarily in the United States, Europe and throughout the rest of the world under the Tylö, Helo, Kastor, Finnleo, and Amerec brands. The transaction is expected to close in the third quarter, subject to regulatory approval.

“We are thrilled to welcome Sauna360 to our organization and to expand our portfolio of industry-leading products aimed at promoting wellness and helping our customers feel good and live well!” said Vijaikrishna (VJ) Teenarsipur, President of Watkins Wellness. “Sauna360 brings a wealth of industry knowledge and expertise to our business. We look forward to leveraging the synergies between our businesses, which will allow us to better serve our dealer partners, consumers and, ultimately, the growing wellness market.”

“I am very pleased for Sauna360 to become part of Watkins Wellness. Sauna360’s business has grown in recent years, and becoming part of Watkins Wellness will further strengthen our capability and ambition to be a leading sauna player. The dealer distribution strategy, common focus on wellness and similar company cultures make this a true strategic fit,” said Pekka Lettijeff, President & CEO of Sauna360 Group.

Founded in 2008 as a merger between two leading sauna companies, Helo and Tylö, Sauna360 brings decades of industry knowledge and experience resulting from a strong history, with Helo’s origin dating back to 1919 and Tylö’s to 1949. The company is headquartered in Finland and has approximately 180 employees located in Finland, Sweden, the United States, and England.

About Watkins Wellness

Watkins Wellness, established in 1977 in Vista, California, is dedicated to promoting wellness to consumers to help them feel good and live well. The company’s growing portfolio of well-being products for at-home use provides multiple pathways to wellness. Our portfolio of brands includes Hot Spring® Spas, Caldera® Spas, Freeflow® Spas, Fantasy® Spas, and Endless Pools® Fitness Systems, sold predominantly through a specialty dealer network of more than 1,000 dealer partners located in 70+ countries. Watkins Wellness is a wholly owned subsidiary of Masco Corporation (NYSE: MAS).

About Masco Corporation

Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes BEHR^® paint; Delta^® and Hansgrohe^® faucets, bath and shower fixtures; and Hot Spring^® Spas. We leverage our powerful brands across product categories, sales channels, and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.masco.com.

Safe Harbor Statement

Watkins Wellness is a subsidiary of Masco Corporation. As such, this press release contains statements that reflect views about Masco Corporation’s future performance and constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “outlook,” “believe,” “anticipate,” “appear,” “may,” “will,” “should,” “intend,” “plan,” “estimate,” “assume,” “seek,” “forecast,” and similar references to future periods. These views about future performance involve risks and uncertainties that are difficult to predict and, accordingly, Masco Corporation’s actual results may differ materially from the results discussed in these forward-looking statements. We caution you against relying on any of these forward-looking statements.

Risks and uncertainties include, among other things, the expected closing of the Sauna360 transaction and the expected benefits and synergies of the acquisition, including the expected impact on future financial and operating results and post-acquisition plans and intentions. Masco Corporation’s future performance may also be affected by the levels of residential repair and remodel activity, and to a lesser extent, new home construction, the ability to maintain strong brands and to develop innovative products, the ability to maintain its public reputation, the ability to maintain its competitive position in its industries, reliance on key customers, the cost and availability of materials, dependence on suppliers and service providers, extreme weather events and changes in climate, risks associated with international operations and global strategies, the ability to achieve the anticipated benefits of its strategic initiatives, the ability to successfully execute its acquisition strategy and integrate businesses that it has acquired and may in the future acquire, the ability to attract, develop and retain a talented and diverse workforce, risks associated with cybersecurity vulnerabilities, threats and attacks, risks associated with reliance on information systems and technology and the impact of the ongoing COVID-19 pandemic on its business and operations. These and other factors are discussed in detail in Item 1A. “Risk Factors” in Masco Corporation’s most recent Annual Report on Form 10-K, as well as in Masco Corporation’s Quarterly Reports on Form 10-Q and in other filings it makes with the Securities and Exchange Commission. The forward-looking statement in this press release speaks only as of the date of this press release. Factors or events that could cause Masco Corporation’s actual results to differ may emerge from time to time, and it is not possible to predict all of them. Unless required by law, Masco Corporation undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise.

Attachment

Watkins Wellness, a leader in hot tubs and aquatic fitness systems.

Krista Hydar
Watkins Wellness
760-814-0630
Krista.Hydar@watkinsmfg.com

GlobeNewswire Distribution ID 8883225

Press Releases

International Dialogue Centre – KAICIID Facilitates Dialogue Encounters at World Youth Day Lisbon 2023

Post author By admin
Post date July 31, 2023

Lisbon, Portugal., July 31, 2023 (GLOBE NEWSWIRE) — The International Dialogue Centre – KAICIID is delighted to announce its participation in World Youth Day Lisbon 2023, a significant international gathering of young people aimed at fostering unity, faith, and cultural exchange. From 1^st to 6^th August 2023, the enchanting city of Lisbon will play host to this momentous event, and KAICIID will be at the forefront, organizing Dialogue Encounters that promote understanding and cooperation among followers of different religious traditions, religious leaders, and policymakers.

As a unique intergovernmental organization with a dual governance structure consisting of a Council of Parties comprising States and a Board of Directors made up of religious leaders, KAICIID is committed to bridging the gaps between diverse faiths, nationalities, and generations. The Dialogue Encounters, part of the Youth Festival strand, will encompass a series of activities designed to facilitate meaningful dialogues and genuine acceptance, in line with the message of His Holiness Pope Francis, who calls for “concrete encounters” and understanding of those different from ourselves.

At the heart of KAICIID’s involvement in World Youth Day are three key activities: a panel debate with representatives from five different religions, the launch of the innovative Dialogo board game, and a screening of the poignant documentary, “Justine: A KAICIID Fellow’s Journey.”

Dr. Zuhair Alharthi, Secretary General of the International Dialogue Centre (KAICIID), expressed his enthusiasm for the forthcoming Dialogue Encounters, stating, “At KAICIID, we believe that dialogue is the key to fostering peace and harmony in our interconnected world. World Youth Day Lisbon 2023 presents an unparalleled opportunity for us to engage with young people from diverse backgrounds, nurturing a culture of dialogue and acceptance. We are excited to be hosting several activities, including a panel discussion with leaders from five different religions, the launch of the Dialogo board game in Portugal, and the screening of our latest documentary, all culminating in an audience with His Holiness Pope Francis.”

The KAICIID Dialogo! board game, designed to encourage dialogue, teamwork, and social emotional learning, will be a highlight of the Dialogue Encounters. This game has already made a significant impact worldwide, being embraced by schools, teams, and learning environments as a tool to promote skills in dialogue and peacebuilding. Dr. Alharthi emphasized, “Dialogo! is for youth and adults alike, for all those who seek to develop their skills in dialogue and inspire others to join the conversation.”

Dr. Alharthi further added, “The Dialogue Encounters we have prepared for World Youth Day will empower young people with the necessary tools to facilitate meaningful conversations and embrace diversity. We believe that by promoting dialogue and empathy, we can build bridges that connect cultures and foster global harmony.”

In a moment of exceptional significance, eight KAICIID Fellows will have the privilege of participating in an audience with His Holiness Pope Francis. During this intimate gathering, the Fellows will share their reflections on how interreligious dialogue can serve as a powerful means to create links between cultures and religions, providing a unique and enriching personal experience for all involved.

As an intergovernmental organization based in Lisbon, KAICIID is uniquely positioned to facilitate meaningful encounters between people of different faiths and cultures. By strengthening capacity at the local, national, and regional level through education on dialogue practices, increasing understanding of religious and cultural diversity through leadership for dialogue training, and promoting dialogue and social cohesion through conflict prevention, peacebuilding, and development policies, KAICIID continues to play a vital role in fostering a more inclusive and peaceful world.

To learn more about the International Dialogue Centre – KAICIID and their efforts to promote interreligious and intercultural dialogue, please visit www.kaiciid.org.

About International Dialogue Centre – KAICIID:

The International Dialogue Centre – KAICIID is an intergovernmental organization dedicated to promoting peace and understanding through interreligious and intercultural dialogue. By strengthening capacity at the local, national, and regional level through education on dialogue practices, leadership for dialogue training, and promoting dialogue and social cohesion through conflict prevention, peacebuilding, and development policies, KAICIID aims to create a more harmonious and cooperative global community.

For media inquiries, please contact: press@kaiciid.org

Attachment

Dialogue Encounters at World Youth Day with KAICIID in Lisbon!

Sandra Coyle
International Dialogue Centre - KAICIID
+351 211 453 501
sandra.coyle@kaiciid.org

GlobeNewswire Distribution ID 8883716

General

UAE condemns terrorist attack in Bajaur district of Pakistan

Post author By admin
Post date July 31, 2023

The UAE strongly condemned the terrorist attack that targeted the Bajaur District in the northwest of the Islamic Republic of Pakistan, which resulted in numerous deaths and injuries.

In a statement, the Ministry of Foreign Affairs (MoFA) affirmed that the UAE expresses its strong condemnation of these criminal acts and its permanent rejection of all forms of violence and terrorism aimed at undermining security and stability in contravention of human values and principles.

The Ministry also expressed its sincere condolences and sympathy to the Pakistani government and people and to the families and relatives of the victims of this heinous crime, and its wishes for a speedy recovery for all the injured.

Source: Ministry of Foreign Affairs and International Cooperation

General

UAE participates in 18th Extraordinary Session of the Council of Foreign Ministers of the Organization of Islamic Cooperation to address repeated desecration and burning of copies of the Holy Quran

Post author By admin
Post date July 31, 2023

His Excellency Al Marar delivered the UAE’s statement, emphasizing that reflecting the country’s strong belief in the importance of respecting religious symbols and sanctities, the UAE strongly condemns any actions that contradict human and moral values, including the burning and desecration of copies of the Holy Quran.

His Excellency urged all countries around the world to take necessary measures in order to prevent the reoccurrence of such offensive actions, which destabilize security, promote hatred, and fuel extremism. He stressed: “The failure of authorities in Sweden and Denmark to address these provocative acts is in violation of UN Security Council Resolution No. 2686 (2023), adopted unanimously by member states on June 14, 2023, regarding international tolerance, peace and security. This resolution, jointly drafted by the UAE and the United Kingdom, recognizes for the first time that hate speech and extremist acts are directly connected to the escalation and perpetuation of conflicts.

His Excellency emphasized the UAE’s unwavering support for taking a firm and unequivocal stance against the assault on religious sanctities, beliefs, and symbols. He urged all nations, guided by the principles of human fraternity, to address such incidents and actively work towards preventing their recurrence. HE stressed this is crucial for fostering peace, harmony, and dialogue among people worldwide, and for building a more stable world for future generations.

At the conclusion of the meeting, the Ministerial Council approved a resolution addressing the recurring incidents of desecration and burning of copies of the Holy Quran in Sweden and Denmark. Additionally, the Council released a statement denouncing the storming of Al Aqsa Mosque by Israeli government officials.

Source: Ministry of Foreign Affairs and International Cooperation

General

Clans and national elites in Aleppo condemn illegitimate US and Turkish occupation of Syrian territory

Post author By admin
Post date July 31, 2023

The Forum of Clans and national elites in Aleppo province affirmed rejection of the illegitimate US and Turkish occupation of the Syrian territory.

The forum was held in al-Nairab neighborhood in Aleppo.

The participants called on in a statement all clans in Syria to unite their stance and stand by the Syrian Arab Army, until liberating the last inch of Syrian territory from occupation and terrorism.

The statement condemned the acts of the terrorist factions and QSD militia.

The statement stressed the need to activate the popular resistance in order to expel any occupation from the Syrian territory, and liberate the northern Syrian regions and Syrian al- Jazeera region with all possible ways.

The coordinator and the forum, member of People’s Assembly, Omar al-Hasan Baqer and a number of participants in the forum, called on all Syrian clans and tribes to stand by the Syrian Arab Army in confronting the US and Turkish occupation which plunder the Syrian resources

Source: Syrian Arab News Agency

General

A 3.3 magnitude tremor jolts Liwa Iskenderun area

Post author By admin
Post date July 31, 2023

A quake measuring 3.3 hit Liwa Iskenderun area, northwest of Idleb.

The National Earthquake Center(NEC) said in a statement the quake hit Liwa Iskenderun area, 80 km northwest of Idleb, and at a depth 30.3 km.

Source: Syrian Arab News Agency

General

Israeli occupation begins new excavations to falsify history of occupied Golan and steal its antiquities

Post author By admin
Post date July 31, 2023

The Israeli occupation authorities have launched illegal archaeological excavations in the Syrian village of Bab al-Hawa, in an attempt to falsify the history of the occupied Syrian Golan and steal its antiquities.

These excavations constitute a further violation of the United Nations resolutions, foremost of which is the Security Council Resolution No. 497 of 1981, which confirms that all Israeli measures on Golan are null and void.

The village of Bab al-Hawa is located in a rugged volcanic area north of Tel al-Aram, and was destroyed by the occupation during its aggression in 1967 along with more than 240 other Syrian villages and farms.

The occupation authorities had carried out excavations at the site years ago and found sarcophagi dating from prehistoric times, as well as ceramics from the Byzantine era.

The occupation excavations in the village come 20 days after the occupation had announced a scheme to bulldoze the remaining homes s in the town of Ein Fitt and turn it into a military site for his forces, despite the Golan people’s rejection of the scheme aims to obliterate the Syrian Arab identity of village.

Source: Syrian Arab News Agency

Market

Saudi Arabia’s GDP Increases by 1.1 Percent in Q2 of 2023

Post author By admin
Post date July 31, 2023

The real gross domestic product (GDP) in the Kingdom of Saudi Arabia increased by 1.1 percent during the second quarter of 2023, compared to the same period of 2022.

According to Saudi’s General Authority for Statistics (GASTAT), there was a positive increase of 5.5 in non-oil activities in the second quarter of 2023 compared to what it was in the same period of 2022. While oil activities witnessed a 4.2 percent decrease compared to the second quarter of 2022.

Seasonally adjusted real GDP decreased by 0.1 percent in the second quarter of 2023 compared to the first quarter of the same year.

GASTAT is the only official reference for statistical data and information in Saudi Arabia. It carries out all statistical work, as well as the technical oversight of the statistical sector. It also designs and implements field surveys, conducts statistical studies and researches, analyzes data and information, and documents and archives all works containing information and statistical data on all aspects of life in Saudi Arabia. It gathers, classifies and analyzes data, and extracts indicators from it.

Source: Qatar News Agency

Market

Inma Holding Net Profits Drop 53.8% During First Half of 2023

Post author By admin
Post date July 31, 2023

The net profit of Inma Holding declined by 53.8 percent in the first half of 2023 to reach QR 3.355 million compared to QR 7.276 million riyals during the same period in 2022.

The company’s financial statements, published on the Qatar Stock Exchange (QSE) website on Monday, showed a decline in Earnings per share(EPS) to reach QR 0.059 as of 30th June 2023 versus Earnings per share (EPS) QR 0.128 for the same period in 2023.

Inma Holding was established in March 2003, with a capital of QR 56.64 million.

Source: Qatar News Agency

Market

QSE General Index Closes 0.080 Percent Higher

Post author By admin
Post date July 31, 2023

The general index of the Qatar Stock Exchange (QSE) closed Monday at 10,962.95 points, up by 9.030 points, or 0.080 percent.

During today’s session, 191,946,228 shares were traded, with a value of QR 526,675,423.994, as a result of the implementation of 18,510 transactions in all sectors.

Shares of 19 companies rose in the session, and the prices of 25 other companies decreased, while three companies maintained their previous closing prices.

The market capitalization at the end of the trading session amounted to QR 642,003,360,844.780 compared to QR 642,754,701,028.890, in the previous session.

Source: Qatar News Agency