Listing Showcase – 18 Coral Ridge, Newport Coast, CA – Represented by CAIN Group

Welcome to 18 Coral Ridge, one of Crystal Cove’s most spectacular and exciting custom estates. Built and designed by Jim and Spencer Sylvester, of the renowned Sylvester Team, this stunning architectural achievement boasts the rarity of 35′ height allowance, with soaring interiors and sprawling outdoor entertaining spaces. Eleven sets of custom pocket doors lead to the stunning, resort-style rear yard where you and your guests will enjoy a 70-foot pool, spa, and firepit. Completing the exquisitely designed grounds is the poolside cabana with built-in BBQ, bar seating, built-in TV, and outdoor bath, a putting green and a garden chess set. Not to be outdone, the interior of the estate offers 6 bedrooms and 11 baths, with a grandiose master suite presenting breathtaking views of the ocean and harbor. The home is finished with top-of-the-line materials including imported French windows and doors, and a crystal chandelier from Murano, Italy. Rounding out the incomparable interiors entertaining spaces, enjoy an indoor golf simulator with over 25 courses to choose from, billiards room, in-home theater, 600-bottle wine cellar, and 3000 +/- sqft, 8-10 car garage. Residents of Crystal Cove enjoy world-class amenities, including 24/7 guard-gated, patrolled security, tennis, swim, fitness facilities, & close proximity to the Crystal Cove Promenade & Crystal Cove State Beach.

Contact CAIN Group to schedule a viewing. 949.478.7762

SOCi Ads PLUS enables multi-location brands to quickly create and deploy social media ad campaigns across thousands of local pages

SOCi, the leader in social media and reputation management for multi-location brands, announced the launch of SOCi Ads PLUS. This new solution makes it easy for multi-location brands, and agencies to drive growth through localized social advertising, empowering national and local marketing teams to efficiently reach their local audiences and promote dynamic, localized ads across hundreds or thousands of locations in a matter of minutes.

The digital advertising industry is growing quickly– according to eMarketer, in 2019 spend on digital advertising will surpass spending on traditional advertising for the first time, totaling an estimated $129.34B in ad spend by EOY. This trend is increasing as spend on social media is forecasted to accelerate over the next five years by 66 percent according to The CMO Survey. Further, with the decline of organic social reach and engagement, social advertising has become an essential tactic for brands and businesses to drive growth through social platforms. It’s no longer enough to just publish content on Facebook. With 72 percent of brand engagement happening on local social pages, multi-location brands need to invest in locally targeted paid social ads to more efficiently reach their top audiences in order to drive reach, engagement, and revenue.

While Facebook Ads Manager is an extremely powerful and widely used platform, it’s built for more advanced, national advertisers and doesn’t offer localized ad solutions across multiple locations. SOCi Ads PLUS fills this gap and instantly simplifies distributed social advertising across hundreds or thousands of local Facebook pages.

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ATIF Holdings Limited Completes First Day of Trading on the Nasdaq Capital Market

ATIF Holdings Limited (“ATIF”, or the “Company”), a company providing financial consulting services to small and medium-sized enterprises in Asia, announced that its ordinary shares commenced trading on the Nasdaq Capital Market under the ticker symbol “ATIF.”

On April 29, 2019, the Company completed the closing of its initial public offering (the “Offering”) of 2,074,672 ordinary shares at a public offering price of $5.00 per share. The aggregate gross proceeds to the Company from the Offering were $10,373,360, before deducting underwriting discounts, commissions and other expenses.

Boustead Securities, LLC acted as the sole underwriter, and Valuable Capital Limited acted as a selected dealer for the Offering. Hunter Taubman Fischer & Li LLC acted as counsel to the Company, and Ortoli Rosenstadt LLP acted as counsel to the underwriter.

The Offering was made only by means of a prospectus, which is part of the registration statement filed with the SEC and became effective on March 14, 2019. A final prospectus relating to the Offering has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov. Copies of the prospectus may be obtained from: Boustead Securities, LLC, by email at offerings@boustead1828.com or telephone +1 (949) 502-4409 or standard mail to Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 265, Irvine, CA 92618, USA. This does not mean that the SEC has approved, passed upon the merits, or passed upon the accuracy or completeness of the information.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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Readers In The Outfield Event Recap, 2019 Edition

On Saturday, April 27, 2019, the sixth annual Readers in the Outfield event took place at Angels Stadium. The event, sponsored by the Angels Baseball Foundation and MemorialCare, celebrated the 100 proud second-graders who recently graduated from The Literacy Project program.

The Readers in the Outfield event has been held every year since 2013 to recognize the literary achievements of enrolled second-graders. This year those students were proudly representing the Santa Ana Unified and the Anaheim City School Districts. Also in attendance were their Master Teachers along with the following board members of The Literacy Project, Penny Fox, Sinan Kanatsiz, and Angels Baseball Chairman Dennis Kuhl. The founder of The Literacy Project, Sue Grant, was also able to take part in this year’s special celebratory event.

AN ANGELIC LUNCH

The second-grade students and their Master Teachers were treated to a sponsored lunch, courtesy of Legends, at the Saint Archer Brewery Restaurant inside the stadium. There, they shared a delicious meal with famed Angels Alumni—Rod Carew, Bobby Grich, and Clyde Wright. These former players really lived up to their team’s namesake by sharing their own inspirational stories about life, literacy, and perseverance with the students.

WORK HARD, PLAY HARD

The students and Angels Alumni wrapped up their meal by playing The New Phonics Game; a game and learning tool co-developed by The Literacy Project and The Regents of the University of California. The New Phonics Game is made up of both card and board games that help teach children the specific phonetic skills needed for reading comprehension and literacy development. This game was instrumental to the literacy success of the students who graduated from The Literacy Project’s program and was especially fun to play with the Angels Alumni.

The students also had the opportunity to participate in a raffle and win prizes such as autographed Angels baseballs and autographed pictures. Furthermore, there were outdoor games on the field, face painting, and a prize wheel for the graduates to take part in. The students truly had a wonderful day. Executive Director of The Literacy Project, Kimberly Vig, expresses her gratitude to the sponsors who made it all possible, “We are so grateful to partner with the Angels Baseball Foundation to create Readers in the Outfield for the last six years. It’s amazing to see the look on our students’ faces as they enter the stadium. They deserved to have a fun day and be recognized for their reading achievements.”

THE FUN CONTINUES

The hosts of this year’s Readers in the Outfield event made sure that each student knew the value of their hard work and dedication. To recognize their outstanding achievement in overcoming illiteracy, each student left the stadium that day with four tickets to enjoy a future 2019 season Angels game with their families.

The sixth annual Readers in the Outfield event would not have been possible without the hard work and support from our generous sponsors, our board members, and our Master Teachers.

To learn more about future events and how you can support our mission to put an end to illiteracy, click here.

Opportunity Zones Offer Attractive Option for the Right Investor

by Johnney Zhang, CEO, Primior

Featured in Orange County Business Journal 

 

The Opportunity Zone program was created by the 2017 Tax Cuts & Jobs Act to revitalize economically distressed communities through long-term private investment as opposed to taxpayer dollars. Opportunity Zones have now been designated in all 50 U.S. states, the District of Columbia and five U.S. possessions.

Currently, there are 879 Opportunity Zones in the state of California. A study by CA FWD and Golden State Opportunity indicates a potential for $745 million to $1.2 billion in new economic activity in Opportunity Zones this year.

Investors in a Qualified Opportunity Zone can benefit from substantial federal capital gains tax incentives available exclusively through the program. Moreover, in comparison to other programs that encourage private investment in low-income areas through tax advantages, the Opportunity Zone program is less restrictive, costly or reliant upon government agencies.

Regulations and Guidelines Continue to Emerge

Although the program has been in place for about two years, regulations and guidelines have emerged over the course of that period and continue to do so. That’s one reason it is important to work with a knowledgeable partner when it comes to evaluating and investing in an Opportunity Zone fund. At Primior, we are closely monitoring the progress of these regulations and guidelines in order to provide the best counsel to potential investors.

Currently, the tax benefits of such investments apply to federal capital gains tax obligations only. However, many states (including California) are debating the potential for applying these incentives at the state level as well.

“Opportunity Zones provide an excellent opportunity to revitalize low-income areas in California,” said Lenny Mendonca, chief economic and business advisor to Governor Newsom. “In order to move the economic needle for millions of Californians who are struggling, attracting investment in areas where they live is sound policy that can help us meet our objective of making California’s economy more sustainable and inclusive.”

Momentum Builds with Clear Advantages

As the program has become clarified, it has gained strong momentum in recent months with attention from investment managers and individual investors looking for a reliable means of sheltering previous capital gains as well as taxes on real estate investment income.

The bottom line is that taxes on capital gains invested in an Opportunity Zone fund are progressively reduced by a total of 15% over a 7-year period, while taxes on gains from earnings associated with the fund are not taxed at all if the investment stays in place for a10-year period.

Is an Opportunity Fund the Right Fit?

While the fundamental benefits of Opportunity Zone investing are fairly straightforward, the next question is whether the program makes good sense for all investors. The answer to that query, as with any potential investment, is “it depends.”

Opportunity Zones may not be the best option for traditional real estate investors who are used to investing in projects with a three- to five-year horizon or who typically plan to reinvest gains from a property sale into another or additional properties via something like a 1031 exchange.

The fundamental consideration here is that Opportunity Zone investments must remain in place for a span of 10 years in order to derive the full tax advantages. In other words, it is akin to a 401(k) or a “buy and hold” strategy where the investor should be prepared for the time commitment required.

That said, of course, earnings from the investment will accrue on a regular basis. But, again, the investment must endure over the 10 years for gains tax on those earnings to be waived.

Another aspect to consider is the requirement that the rollover of gains into an Opportunity Zone fund must be made within six months. That can be a challenge for many investors. Primior addresses this issue by being the developer of properties that are then ready for Opportunity Zone fund investment.

Our approach also helps address another consideration, which is the requirement that existing properties in an Opportunity Zone must be substantially improved within 30 months or have their original use commence with the opportunity fund in the opportunity zone.

If these parameters are a good fit for an investor’s strategy and needs, an Opportunity Zone fund can be a solid option for deferring and reducing capital gains taxes from the sale of a range of assets including real estate, a business, artwork and so on.

Localized Expertise and Community Involvement

It is also very important that the developer be knowledgeable and experienced in collaborating with local governmental entities to help ensure that projects are located and designed in ways that benefit the community.

Primior currently has two Opportunity Zone projects underway in Santa Ana:

First Harbor Plaza. Mix of retail, dining and office use in 40,129 sq. ft. in a pedestrian friendly design consistent with the goals of the North Harbor Specific Plan. Groundbreaking is set for June 26, 2019.

Westfair Plaza. Within walking distance to Santa Ana College, a 10-minute driving from Orange County Outlets, and 6.5 miles from Disneyland.

An Integrated Approach

As we’ve noted, the investment in an Opportunity Zone fund requires a 10-year commitment to derive its full tax benefits. In addition, the potential ongoing earnings from the fund investment should also be an important criteria.

Primior develops its own Opportunity Zone projects with a uniquely integrated suite of services tailored to expedite the process and reduce costs. Our experience in real estate finance and management, coupled with our development knowledge and experience, gives us a deep understanding of what it takes to make projects successful.

Our in-house services include architecture and design, development management, construction management, asset management, property management, leasing, acquisition and sales, and financing. This strategy enables us to maximize returns while minimizing risk.

Plus, we also offer other investment programs such as traditional real estate development projects, REITs, and EB-5 projects for foreign investors.

Johnney Zhang

Primior Founder and CEO Johnney Zhang focuses on maximizing the income potential of real estate properties to grow the firm’s client portfolios quickly and with minimal risk. Zhang’s unique expertise in real estate development and investment management spans high-end commercial properties, luxury custom homes and multi-family properties. He leverages that expertise to formulate a distinctive portfolio for each client.

 

About Primior

Primior is a strategic real estate development firm offering a uniquely integrated suite of services and resources to maximize returns for its investors. The full-service firm with a uniquely integrated suite of capabilities is focused on generating attractive, risk-adjusted returns for investors over the long term. Its deep expertise, professional team and cutting-edge technology combine to deliver superior levels of value, income generation and return on investment. www.primior.com

Real or Fake? Revealing Workers’ Compensation Fraud

By Stacey Gunn, Assistant Vice President of Keenan

Security cameras in a company cafeteria recently captured a brazen attempt to fake a workers’ compensation injury. The video shows that the man dumped a cup of ice onto the floor, disposed of the cup and then laid down on the floor as though he slipped on the ice. Prosecutors have charged the man with insurance fraud and theft by deception.

In this case, the fraud was well documented. Most employers do not have cameras in their lunch rooms or other areas of their work places. It can be very difficult to prove someone has faked an injury in the workplace without cameras catching them in the act. But the consequences of undetected workers’ compensation fraud are enormous. Fraud is a costly financial burden to employers and taxpayers, and it interferes with providing benefits to the vast majority of injured workers with legitimate claims.

If an employer suspects an employee has attempted to create a fake injury or fraudulent claim, there are several steps to follow up on right away:

  • Identify and interview any witnesses to the injury
  • Did you notice anything unusual in the area the injury occurred (items on the floor, wet floor, torn carpet)? If the injured worker is alleging they tripped on something, secure the evidence and take pictures of the site.
  • Was there anything unusual about the injured worker prior to the injury (limping, favoring any body parts etc.)? It could indicate an attempt to reframe an existing non-occupational injury as a workers’ compensation claim.
  • Check to see if they are on social media and review for any physical activities.
  • Obtain an Insurance Services Office claims report to see if the injured worker has a history of claims.
  • Take several statements from the injured worker – look for conflicting information
  • Assign surveillance to determine if the injured worker is participating in activities inconsistent with the reported injury or has taken alternative employment during their disability.

Faked injuries may also be an indication of fraud perpetrated by dishonest medical providers or attorneys who operate “claim mills.” These fraud schemes recruit workers to submit fraudulent claims, can generate millions of dollars of undeserved benefits and impact employer loss experience resulting in higher workers’ compensation premiums. It’s important that claimants understand that their participation in reporting fraudulent claims exposes them to prosecution and severe penalties.

Below are several “red flags” that could be indications of a faked workers’ compensation injury:

  • There are no witnesses to the injury. Was it unusual that the employee would be alone or out of place at the time the injury?
  • Injury occurs at the end of the day on a Friday or on a Monday morning. The worker may have sustained a non-occupational injury over the weekend.
  • The employee changes the story about what happened. Their statement to a treating doctor is different from what they reported to the emergency room or on the initial report of injury.
  • The worker has a history of previous claims. Someone who has received significant workers’ compensation payments previously may try to go to the same well again.
  • There’s a delay reporting the injury. If a worker reports an injury months after it allegedly occurred, it could indicate the possibility the claimant was recruited by a claims mill.
  • The worker is disgruntled, on disciplinary action, or involved in a labor dispute. Employees may use a workers’ compensation claim to retaliate against their employer, or delay termination.
  • The worker (or a medical provider) refuses certain diagnostic tests or imaging. Avoidance of examinations that could confirm the existence of the reported injury is a key fraud indicator.
  • The injured worker has significant financial problems. The claimant may be trying to find a way to gain additional funds through a fraudulent claim.
  • The injured worker is hard to reach during their disability. A worker who does not return phone calls or emails could be avoiding requests for additional information or could be employed elsewhere.
  • The worker refuses modified-duty work or other return-to-work protocols. It could be an attempt to prolong their disability and could be a tactic of unscrupulous medical providers to get additional money.

Employers who suspect a faked occupational injury or other workers’ compensation fraud or abuse should seek assistance from their insurer or claims administrator. Potentially fraudulent claims are referred to the Special Investigation Unit (SIU), and cases with enough evidence are sent to the District Attorney for prosecution.

About Stacey Gunn

Stacey Gunn, Assistant Vice President, is responsible for leading Keenan’s SIU/Fraud Unit, training and development, and vendor management. She has more than 20 years of experience and is certified by the Insurance Educational Association, Workers’ Compensation Claims Professionals Association and California Office of Self Insurance Plans.

Corent Partners with Financial Inclusion leader Mifos Initiative to Deliver Mifos X – Core Banking Open Source Software – as SaaS to 3 Billion Underbanked World Population

Corent Technology, a technology leader in cloud migration, optimization and SaaS enablement, has teamed up with the Mifos Initiative to launch Mifos X financial application as a fully instrumented SaaS solution, to facilitate access to core banking services for the over 3 billion unbanked and underbanked world population, a major step toward eliminating extreme poverty in under-developed communities.

“We are pleased to support the Mifos Initiative – a leader in financial inclusion and microfinance technology – in their mission to enable financial institutions to bring responsible financial services to the over 3 billion people who are without effective access today,” stated Feyzi Fatehi, CEO of Corent Technology.

“Such a bold mission, serving potentially thousands of smaller financial institutions, requires a SaaS solution that is highly automated and scalable and that can be easily deployed, efficiently delivered and affordably managed. By powering the Mifos X Platform with the SaaS-enablement capabilities of SurPaaS, we are pleased to be a part of empowering this global initiative,” added Fatehi.

Built around a modern API-centric architecture, Mifos X Platform for Financial Inclusion is a modern, connected core banking system for responsible financial services organizations who are bringing basic financial services to the poor and developing markets globally. It is highly extensible, easy-to-integrate with third-party systems and payments networks. Client organizations include microfinance institutions and microfinance banks, and increasingly savings organizations and credit cooperatives. The Mifos software is typically deployed by in-country partners who build commercial service offerings to support multiple institutions. Hundreds of small financial institutions already benefit from having access to the software.

“We are pleased to team up with Corent and value their support of this global initiative. Corent provides the ability to efficiently deliver Mifos X as SaaS, enabling our partners around the world to offer our platform in a much more cost-effective manner, and opening up new opportunities for our customers,” said Ed Cable, President & CEO of Mifos Initiative.

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Staples Every Wardrobe Needs

What does a nude stiletto and a navy suit have in common? They are classic, timeless and always come in handy! I find classic pieces to be essential and always my go-to’s for everyday wear. These are the pieces I can constantly count on to never let me down and always make sure I look put together.

I like to add my own personality to my style and find my own distinct and comfortable way of dressing. When I am styling our clients and members or even teaching my styling team, I always make sure they understand the importance of basic, classic and timeless pieces. Asking yourself, does my “blank” go with my “blank.” Classics just never let down and always make every occasion work. Creating your own personal style needs to be unique to you and make you feel confident. We all know the feeling in us when we love that outfit we are wearing. Confidence is an energy. People can feel that when you walk in a room. Confidence all starts with what you wear and how you feel about yourself.

One thing we get asked a lot is, what are the top 5 things every wardrobe needs for both men and women. When we are working with clients, most of the time they are people starting over and looking to rebuild their wardrobes. Regardless of where you’re at with your wardrobe there are clothes I suggest you own in your closet if you don’t already. Here is the breakdown for men and for women.

Men’s Wardrobe

Tailoring fitting clothes – most important!

1. Custom Tailored Navy Suit
2. Custom White Button Up
3. Custom Navy Sportcoat
4. Dark Fitted Jeans
5. White cool, causal sneakers

Women’s Wardrobe

1. Black Leather Jacket
2. Black Fitted Jeans
3. Nude Stiletto
4. Cocktail Dress (any color but black is a must!)
5. White or Black Classic Blouse

Signed by,

Bree Jacoby

UPS Drones Are Now Moving Blood Samples Over North Carolina

IF YOU’RE INCLINED to puns, you might say medical samples are the lifeblood of hospital systems. But if you actually work with them, you know they’re more of a headache. Because the same road traffic that keeps you from getting home keeps the couriers charged with moving these tissue and blood samples, collected by the millions daily and often in urgent need of analysis, from completing their missions.

So it makes a lot of sense that when the FAA decided to sanction the first revenue-generating drone delivery schemein the US, it went with one that promises to speed up that process, run by UPS and autonomous drone technology firm Matternet. It makes sense from the tech perspective too: The cargo is extremely lightweight and compact, allowing the companies involved to focus on the delivery processes and mechanisms rather than trying to manage unwieldy payloads.

The service ran its first flight Tuesday, at North Carolina-based WakeMed’s hospital in Raleigh, using Matternet’s compact M2 quadopter. The drone, which measures about 2 feet square, can carry payloads of about 5 pounds for 12.5 miles on each battery charge. It can complete a flight in about three minutes, versus the 30 or so it takes human drivers to make it in average daily traffic. Even though the drone operates autonomously, a remote pilot-in-command monitors each flight and can intervene if necessary. The drones, operating from specially designated pads at each location, will conduct about 10 daily flights to start, with more possible if the service takes off. Samples are loaded onto a secure and locked compartment underneath the quadcopter.

This effort is born of the FAA’s Unmanned Aircraft System Integration Pilot Program, a three-year project set up to test the safe integration of drone technologies into commercial airspace. Testing for WakeMed’s service began last August, with additional oversight from the North Carolina Department of Transportation. UPS, which already has a health care division that specializes in medical deliveries, sees multiple potential benefits: not just moving those vital samples more efficiently but taking vehicles off the road. Matternet has some experience with this already: It has executed more than 3,000 similar flights in Switzerland.

For WakeMed, the service should lower costs and speed up deliveries, improving patient services. Matternet says the technology-development benefit as well as the predictability and reliability of the service. Both UPS and Matternet hope to expand the services quickly to other locations around the country.

Teen Talk

Randy Schwab, CEO of JBBBSLA, says “Teen Talk has allowed our agency to expand its reach in the most innovative way. For the first time, teens can access real time social/emotional help when and where they need it, right in the palm of their hand.”

Created in partnership with Jewish Big Brothers Big Sisters of Los Angeles (JBBBSLA) and Teen Line, Teen Talk is an innovative app where teens seek support anonymously from trained peers. Through the app, thousands of teens from around the world receive compassionate support and inspiration from trained teen advisors. The app was launched in May 2018 and has since had over 14,000 active users. Teen Talk is an outlet for teens in crisis who can discuss a wide range of serious topics such as bullying, sexuality, self-harm, assault, and relationships, in a safe and healthy community. For teens who have little parental involvement, who suffer from isolation and social awkwardness, who feel like they have nowhere else to turn, Teen Talk offers a crucial safety net where they feel heard without judgement.

Teens today are living in a very different world compared to teens who grew up even a decade ago. In an article about teen depression and anxiety, TIME magazine reported that teens today are “the post-9/11 generation, raised in an era of economic and national insecurity. They’ve never known a time when terrorism and school shootings weren’t the norm. They grew up watching their parents weather a severe recession, and perhaps most important, they hit puberty at a time when technology and social media were transforming society.” As one of the teens profiled in this article explains, “We’re the first generation that cannot escape our problems at all. We’re all like little volcanoes. We’re getting this constant pressure, from our phones, from our relationships, from the way things are today.”

Teens in crisis often turn to their peers for help, rather than parents or teachers. Whether they receive healthy advice largely depends on the maturity of their peers. Teen Talk is the only app that uses trained teens to respond to other teens seeking support. Teen Talk advisors complete a rigorous 50-hour live training in partnership with Teen Line, a Los Angeles youth services organization based out of Cedars Sinai Hospital. Once training is completed, teen advisors complete 2-hour shifts on the app providing support remotely via iPhones. Advisors are supervised by mental health professionals who monitor posts and responses.

The app has had a rapid growth rate since its launch last year. There are currently 60 teen advisors, 14,000 downloads, and 10,000 posts asking for social/emotional support. By the end of this year, it is projected that 20,000 additional teens will download the app and there will be 10,000 additional posts for social/emotional support. Over the next three years JBBBSLA anticipates a total of 100,000 downloads, 50,000 posts, and a pool of 260 trained teen advisors.

Jewish Big Brothers Big Sisters of Los Angeles (JBBBSLA) provides mentoring, camp, college guidance, and scholarship programs to youth in Los Angeles County. The focus of JBBBSLA’s programs is to provide vulnerable youth with positive role models. The agency has over 100 years of expertise in helping children succeed. Teen Line operates a teen-to-teen hotline and provides community outreach to teens in need.