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UBS Demonstrates Commitment to Sustainability by Sponsoring Environmental Events to Improve Health of Honolulu’s Ala Wai Canal

Xometry Champions Inclusive Leadership With Two 'Xometry Live' Events

UBS Wealth Management USA today announced that it will be sponsoring two local events in Hawaii for the Genki Ala Wai Project, a non-profit organization under the Hawaii Exemplary State Foundation. The organization works with The Eco Rotary Club of Kaka’ako, to help introduce bioremediation technology that will make the Ala Wai Canal in Honolulu, Hawaii, fishable and swimmable within seven years.

A manmade canal on the northern boundary of the tourist district of Waikiki, the Ala Wai Canal provides drainage to swamps, rivers, and streams in central and East Honolulu. As a top-used inland waterway in Hawaii, it is enjoyed by paddlers and boaters, even as urbanization increases pollution to its waters. Over the years, sludge has formed and accumulated in the canal due to oxygen deficiency. The sludge produces harmful gases such as methane, ammonia, and hydrogen sulphide into the water and has made the canal a toxic environment.

The Genki Ala Wai Project will use Genki balls, softball-sized mud balls made from clay soil, rice bran, molasses, water, and Effective Microorganisms (“EM”) solution. The Genki balls are tossed into the Ala Wai canal and sink to the bottom to digest the sludge. Data from the Hawaii State Department for Health supports their positive effects. Colony Forming Units (“CFU”), which indicate presence of fecal material and water contamination by disease-causing organisms, decreased by 72% in the Ala Wai, after students from Jefferson Elementary School implemented an introductory Genki Balls project on two dates in 2019.

UBS will serve as title sponsor of two local events in conjunction with the project. The first is on March 12 and will involve local volunteers making the Genki balls, and the second event on April 2, will see the local community throw them into the canal.

“The canal is a beautiful and peaceful place that provides a great escape, but it has also become filled with trash and pollutants, enabling sludge to form,” says Jenny Do, Financial Advisor at UBS in Hawaii, and president-elect of Eco Rotary Club of Kaka’ako, who was inspired to initiate the project. “Throwing the Genki Balls into the canal will enable bacteria-digesting organic compounds to continue restoration of this beautiful place.”

“We are proud to support the Genki Ala Wai Project and The Eco Rotary Club of Kaka’ako, in these events aimed at restoring the health of the Ala Wai Canal,” said Daniel Shiu, Financial Advisor at UBS in Hawaii. “At UBS, we help our clients create a lasting legacy by using their wealth for good. With this project, we demonstrate our passion and commitment to connecting people for a better world and are excited to watch it unfold over the years to come.”

With over 200 volunteers for each event so far, The Eco Rotary Club of Kaka’ako is encouraging local residents to donate $5 to make a Genki ball and sign up to one or both events, here. A portion of each donation will go to the Genki Ala Wai Project and additional environmental projects from the Eco Rotary Club of Kaka’ako, which have included planting trees, beach cleanups, and community gardens.

Note to Editors

Photos Available Upon Request.

About UBS Global Wealth Management

As the world’s largest wealth manager, UBS Global Wealth Management provides comprehensive advice, solutions and services to wealthy families and individuals around the world. Clients who work with UBS benefit from a fully integrated set of wealth management capabilities and expertise, including wealth planning, investment management, capital markets, banking, lending and institutional and corporate financial advice.

https://www.ubs.com

© UBS 2022. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS.

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RADwood Series of ’80s and ’90s Automotive Celebrations Joins Hagerty Events Portfolio

Xometry Champions Inclusive Leadership With Two 'Xometry Live' Events

TRAVERSE CITY, Mich., March 9, 2022 /PRNewswire/ — Today, Hagerty announced the addition of RADwood, an event brand devoted to celebrating the ’80s and ’90s automotive lifestyle, to its growing event portfolio. Taking stewardship of RADwood builds on Hagerty’s purpose to save driving and car culture while expanding and supporting inspiring experiences for automotive enthusiasts.

Courtesy of Hagerty Media

RADwood’s standalone events, where participants dress in era clothing while alternative rock roars from the public address system, will continue under Hagerty’s ownership. In addition, displays at The Amelia, Detroit Concours d’Elegance and Greenwich Concours d’Elegance will create onramps for new enthusiasts as an integral part of the brand’s new Cars & Community program.

“Gen X-ers and millennials are drawn to the cars and culture of their childhood, and they represent the majority of our new members,” said McKeel Hagerty, CEO of Hagerty. “From Members Only jackets to t-topped Z Cars and Firebirds, the nostalgia of the ’80s resonates with me personally. Rolling onto the RADwood show field is about as close as you can get to traveling back in time.”

Created in 2017 as an event for friends in the San Francisco Bay area, RADwood quickly became a success thanks to a great leadership team, a tight-knit community of friends and the power of social media. By 2019, RADwood was successfully hosting 10 shows a year at locations across the country. In many circles, the name has become synonymous with cars from that era. In addition, RADwood launched RADforsale.com, an auction site dedicated to selling cars, trucks, motorcycles and automotive memorabilia produced between 1980 and 1999.

Hagerty is excited to welcome RADwood founders, Art Cervantes and Warren Madsen, to the team. The duo will provide continuity and help lead RADwood info the future.

“As a lifestyle brand that celebrates automotive culture, we are beyond stoked to join the Hagerty team,” said Art Cervantes, cofounder and CEO of RADwood. “We’ve been partners for years now and we know this will be a very natural transition for us. The Hagerty team are car people through-and-through, and we are very aligned in our passion for preserving the enjoyment of cars for generations to come.”

The next RADwood is set to take place on Saturday, April 23, 2022, from 11:00 a.m. to 4:00 p.m. CT at Circuit of the Americas in Austin, TX. Enthusiasts who would like to register a vehicle or purchase spectator ticket packages can go here.

About RADwood

RADwood is an automotive lifestyle event dedicated to the totally awesome ’80s and ’90s. RADwood features standalone car shows throughout the United States and is held in conjunction with The Amelia, the Greenwich Concours d’Elegance and the Detroit Concours d’Elegance. For a full schedule and pictures/video from past events visit: https://www.RADwood.com/

About Hagerty, Inc. (NYSE: HGTY)

Based in Traverse City, Michigan, Hagerty’s purpose is to save driving and preserve car culture for future generations and its mission is to build a global business to fund that purpose. Hagerty is an automotive enthusiast brand offering integrated membership products and programs as well as a specialty insurance provider focused on the global automotive enthusiast market. Hagerty is home to Hagerty Drivers Club, Hagerty DriveShare, Hagerty Valuation Tools, Hagerty Media, Hagerty Drivers Club magazine, MotorsportReg, Hagerty Garage + Social, the Amelia Concours d’Elegance, the Concours d’Elegance of America, the Greenwich Concours d’Elegance, the California Mille, Motorworks Revival and more. For more information on Hagerty, please visit www.hagerty.com, or connect with us on Facebook, Instagram and Twitter.

More information can be found at newsroom.hagerty.com.

Category: Corporate News

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SOURCE Hagerty

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Cypherpunk Holdings Announces Recent Portfolio Events

Cypherpunk Holdings Announces Recent Portfolio Events

Wasabi Dividend and Disposal of Animoca Brands Shares

Toronto, Ontario–(Newsfile Corp. – February 22, 2022) – Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) (“Cypherpunk” or, the “Company“), a sector leader for blockchain, metaverse, privacy and cryptography focused investments, is pleased to announce recent events related to the Company’s portfolio.

The Company recently sold an additional 350,000 ordinary shares of Animoca Brands Corporation Limited (“Animoca”) at an average price of CAD $3.73 for a total proceeds of CAD $1,305,500.

Cypherpunk still holds 1.2m Animoca shares and continues to pursue a strategic relationship with Animoca as per the Company’s recently closed investment into TheGoats.io. In total the Company has realized a profit of 265% on its shares sold over the last 5 months.

Dividend from Wasabi Wallet

The Company is also pleased to announce the receipt of a dividend for the Fiscal Year 2021 from its portfolio company zkSnacks Limited, the developer of Bitcoin wallet “Wasabi Wallet.” Wasabi Wallet is an industry leading desktop wallet software that enables users to enhance their privacy while transacting on the Bitcoin Blockchain.

This is the second dividend received from Wasabi that was paid entirely in Bitcoin, totalling 3.06 BTC with a recorded value of CAD $168,810. Wasabi declared a 68 BTC dividend in January 2022, compared to a 60 BTC dividend in January 2021, representing a 13.3% increase.

In November 2019, Cypherpunk Holdings acquired ordinary shares of zkSnacks from its founding shareholders, representing 4.5% of the issued and outstanding ordinary shares of zkSnacks, for an aggregate purchase price of $337,500 USD. Jeff Gao, CEO of Cypherpunk commented: “Wasabi is highly profitable and is paying out just under half its net profits in dividends. To date Cypherpunk Holdings has received 5.76 bitcoins in dividend from Wasabi and we expect this trend to continue.”

About Cypherpunk Holdings Inc.

Cypherpunk was established to invest in currencies, companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy attributes, often within the blockchain ecosystem, including select cryptocurrencies. Current equity investments include Bitcoin, Ethereum, Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Animoca Brands.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s expectation or belief regarding its investment in shares of Animoca Brand and Animoca Brand’s future performance or business. There is no assurance that the Company’s plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Officer/Director Contact:

Jeffrey Gao

Chief Executive Officer

jeff@cypherpunkholdings.com

Office: 1-647-946-1300

Investor Relations Contact:

Veronika Oswald

Investor Relations

veronika@cypherpunkholdings.com

Office: 1-647-946-1300

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114477