NEW YORK, Oct. 28, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- The Investor Summit (“ISG”), long renown for being the largest independent investor conference on the East Coast, will be hosting its premier annual event on November 16-18, 2020. The event, widely known for its track record of bringing together a unique network of high-quality investors and a series of standout companies, follows on from the group’s virtual summer summit held in early June, which was well recognized for continuing to offer promising companies the opportunity to meet and interact with investors in a seamless manner.
This year’s fall summit will bring together a carefully curated list of 75 companies, drawn from a diverse mix of sectors including healthcare, technology, consumer, financial, energy, cannabis and blockchain. Each of these issues will be delivering keynotes. As always, the Investor Summit team will act as a concierge, creating beneficial networking experiences for attendees and helping put companies in touch with some of the world’s leading capital allocators. 30 speakers will also be contributing valuable content for the virtual summit.
Buy-side panels will include:
Risks and rewards of illiquidity
Investing in the era of ultra-low interest rates
Assessing management teams
The growing valuation gap between small caps and large caps
Making smart investment decisions in uncertain times
Stock pitch competition
Sell-side panels will include:
Making issuers aware of the impact of ESG
Developments at the OTC Markets Group
To learn more about the upcoming Virtual Fall Summit, visit https://investorsummitgroup.com
“The Investor Summit team have always prided themselves in enabling our participating companies to form a series of deep and meaningful relationships with the wide variety of investors in attendance,” said Fred Rockwell, founder of ISG. “As evidenced by our prior events this year, the shift to a virtual format and additional marketing support has led to a surge of investor interest and meeting requests. This has increased our excitement for the upcoming fall summit, traditionally our annual flagship event.”
“In what has been a largely disrupted year with investors unable to meet with companies in a face-to-face manner, we have found our virtual Investor Summit to offer a great deal of value,” continued Rockwell. “Our team focuses on carefully selecting small and micro-cap companies that are looking for the opportunity to share insights, provide operational updates and raise their overall exposure to the host of institutional, RIA, family office, and high-net-worth investors in attendance.”
About Investor Summit GroupInvestor Summit Group (“ISG”) hosts the largest independent investor conference on the East Coast. Its independence allows conference organizers to focus on customer service and scheduling high-quality meetings between the executives and investors who attend. The ISG team sets the bar for quality service in a space traditionally dominated by banks who focus more on selling their services than on building the connections companies need to succeed. ISG has facilitated countless valuable interactions for its presenting companies, which have often led to increased exposure, market value appreciation and long-term growth.
For more information, visit www.investorsummitgroup.com
General Inquiries:Brittney BlockerInterim COOBrittney@InvestorSummitGroup.com
Corporate Communications:InvestorBrandNetwork (IBN)Los Angeles, Californiawww.InvestorBrandNetwork.com310.299.1717 OfficeEditor@InvestorBrandNetwork.com
Panera catering promo
Panera BreadRoughly, 49% of restaurant operators say catering sales have decreased during the pandemic, according to market research firm Technomic.
Panera Bread is leveraging its much-envied tech stack to create a Virtual Catering program for remote workers. The voucher system rolls out next week.
"It provides this sense of community that when you're having the meeting that everyone is sharing this meal," Panera Breach executive Chris Correnti told Insider in an exclusive interview.
Visit Business Insider's homepage for more stories.
Catering is a $60 billion business - an important foodservice revenue channel that cratered during a prolonged pandemic that has forced offices to host remote meetings and discouraged social gatherings like birthday celebrations.
For Panera Bread, the pandemic has impacted its robust catering program, which normally represents 10% of sales. To revive this important revenue segment, Panera Bread is rolling out next week two new off-premise ordering programs.
The company is unveiling Virtual Catering after testing the program in December with about 50 customers, ranging from pharmaceutical representatives to medical facilities. The new catering program is geared for remote workers.
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It allows companies or individuals to buy digital vouchers and send them to remote workers or clients ahead of a meeting or networking event. The vouchers can be used to buy a sandwich, salad, or flatbread pizza from a local Panera Bread that can be eaten during a video conferencing meeting.
"It provides this sense of community that when you're having the meeting that everyone is sharing this meal," Chris Correnti, senior vice president of off-premise channels at Panera Bread, told Insider in an exclusive interview. "So regardless, if you're 10 miles away from each other, or 1,000 miles away from each other, we can make this a reality."
Since the pandemic swept the nation last March, Panera Bread has been leveraging its much-envied tech stack to find new revenue channels to accommodate the growing demand for off-premise orders. Years before consumers were forced to shelter at home, Panera Bread's more than 2,000 locations were offering guests new ways to order from kiosks to rapid pick up through its app.
The company was also one of the first fast-casual brands to add fast-food style drive-thrus lanes to boost off-premise sales.
Besides Virtual Catering, the company plans to also roll out Panera To You, geared for batching group orders into one delivery.
Flatbreads from Panera Bread
On Wednesday, Panera Bread also announced plans to add two more flatbread pizzas to its menu after selling 5 million since the delivery-centric food item rolled out nationwide in late October.
"It's been extremely well received, and we're excited about this new platform," Correnti said.
With the addition of the two new flavors, Panera Bread plans to add them as an option to the chain's Family Feast program.
Like other chains creating meal kits during the pandemic crisis, Panera's program bundles menu items geared for families looking for value-oriented take-home orders. The new bundles offer two flatbread pizzas and two salads for $23 or three flatbread pizzas and three salads for $29.
"Those [family meals] offer both value and convenience with products that are really highly desirable and travel really well and deliver really well," Sara Burnett, vice president of food values, sustainability and public affairs at Panera Bread, told Insider.
Panera's latest moves are aimed at capturing consumers whose "off-premise" buying habits have been amplified during the pandemic. At Panera Bread, off-premise sales, which includes delivery, carryout, catering, and drive-thru sales, went from 40% of sales to 85%.
But catering has been the one off-premise segment that has challenged the industry during the pandemic.
Before the pandemic, off-premise catering represented more than $60 billion in annual sales for restaurants, retail, and independent caterers, according to market research firm Technomic.
While the market research firm hasn't calculated the economic impact the pandemic has had on catering, a recent survey suggests it's been a sore point for restaurant owners. Roughly 49% of operators said catering sales have decreased, according to Technomic.
"As a general standard, the catering industry has been almost cut in half based on market research that has been shared with us. And you know, we've seen our sales also be impacted by that," Correnti said.
That's why Panera Bread knew it had to recapture catering in a new way.
Unlike a gift card program, Panera Bread said companies or sales workers looking to meet with clients or remote workers over Zoom can buy 10 vouchers for $20 each, as an example.
Some third-party delivery operators such as DoorDash and Grubhub have implemented similar programs to help corporate America give remote workers access to free meal delivery. DoorDash for Work, for example, allows businesses to buy gift cards in bulk as a reward for remote workers.
At Panera Bread, the perk works differently.
The digital voucher is timestamped so it is only valid for the day of the meeting. Instead of giving a gift card, Virtual Catering is meant to bring meeting attendees together by sharing the same meal, Correnti said.
This way, the voucher does not act like a gift card, which can be problematic for some professionals who are precluded from accepting a gift, Correnti said.
Also debuting soon after testing last month is Panera To You. This will be aimed at workers who are back in the office or educational institutions who might want to bundle the delivery of meals on a certain day of the week.
Each employee can order their food, but Panera will bundle those orders and charge one delivery fee.
Correnti said these new off-premise services are permanent, not temporary pandemic-fueled solutions. According to a Harvard Business School study, at least 16 percent of employees will remain at-home workers long after COVID-19 recedes.
In a post-vaccinated world, Correnti said he doesn't see off-premise gains made during the pandemic subsiding substantially.
"Off-premise through all of these digital enhancements is here to stay," he said. "It's reasonable to think there's going to be some channel shifting as offices open back up."
For Panera, there's been an 'incredible surge" of new customers discovering new ways to order food during the pandemic - whether it's through curbside pick up or using one of 850 Panera Bread restaurants equipped with drive-thru.
"It's very likely that the progress off-premise has made from a buying journey will all be retained," Correnti said.
(RTTNews) - Asian stock markets are mostly higher on Thursday in holiday-thinned trade following the positive cues overnight from Wall Street amid optimism about U.S. fiscal stimulus after Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi said they will continue talks on a new coronavirus relief bill.
The Tokyo Stock Exchange in Japan has suspended trading due to a technical issue, while the markets in China, South Korea, Taiwan and Hong Kong are closed for holidays.
The Australian market is rising following the overnight gains on Wall Street and as data showed that the manufacturing sector in Australia continued to expand at a faster rate in September.
According to reports, Prime Minister Scott Morrison is set to announce later today that his government will make A$1.5 billion available to Australian manufacturers across six priority areas to boost production of goods in Australia.
The benchmark S&P/ASX 200 Index is advancing 44.20 points or 0.76 percent to 5,860.10, off a high of 5,869.90 earlier. The broader All Ordinaries Index is adding 48.00 points or 0.80 percent to 6,057.30. Australian stocks closed sharply lower on Wednesday.
Among the major miners, BHP Group and Fortescue Metals are rising more than 2 percent each, while Rio Tinto is advancing 2 percent.
In the oil sector, Oil Search is advancing more than 1 percent, while Santos and Woodside Petroleum are adding almost 1 percent each after crude oil prices rose overnight.
The big four banks - ANZ Banking, Commonwealth Bank, Westpac and National Australia Bank - are higher in a range of 0.1 percent to 0.5 percent.
In the tech space, Afterpay is advancing more than 1 percent and WiseTech Global is rising almost 1 percent, while Appen is down 0.2 percent.
Gold miners are mixed after gold prices declined overnight. Evolution Mining is rising 0.4 percent, while Newcrest Mining is down 0.4 percent.
In economic news, the latest survey from IHS Markit showed that the manufacturing sector in Australia continued to expand in September, and at a faster rate, with a manufacturing PMI score of 55.4. That's up from 53.6 in August and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Elsewhere in Asia, Singapore and Indonesia are rising more than 1 percent each, while New Zealand is also higher and Malaysia is lower. The markets in Taiwan, China and Hong Kong are closed for the Mid-Autumn Festival, while South Korea is closed for the Chuseok Festival.
On Wall Street, stocks closed higher on Wednesday in volatile trading amid uncertainty about a potential agreement on a new coronavirus stimulus bill. The pullback by the major averages came after Senate Majority Leader Mitch McConnell said Republicans and Democrats remain "far apart" on a deal. However, stocks rebounded as Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi failed to reach an agreement after a meeting today, but indicated talks would continue.
The Dow jumped 329.04 points or 1.2 percent to 27,781.70, the Nasdaq climbed 82.26 points or 0.7 percent to 11,167.51 and the S&P 500 advanced 27.53 points or 0.8 percent to 3,363.00.
Meanwhile, the major European markets all moved to the downside on Wednesday. While the French CAC 40 Index slid by 0.6 percent, the German DAX Index and the U.K.'s FTSE 100 Index both fell by 0.5 percent.
Crude oil prices rebounded after early weakness on Wednesday as data showed a drop in U.S. crude inventories in the week ended September 25. WTI crude for November added $0.93 or about 2.4 percent at $40.22 a barrel.