WATKINS WELLNESS EXPANDS INTO SAUNA CATEGORY THROUGH THE ACQUISITION OF SAUNA360

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® SpasCaldera® SpasFreeflow® SpasFantasy® 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.

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  • 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

International Dialogue Centre – KAICIID Facilitates Dialogue Encounters at World Youth Day Lisbon 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 1st to 6th 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

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

GlobeNewswire Distribution ID 8883716

MIKATI CHAIRS CABINET SESSION, UNVEILS DRAFT LAW TO BORROW FROM CENTRAL BANK TO FUND PUBLIC SECTOR

Caretaker Prime Minister, Najib Mikati, on Monday chaired a cabinet session at the Grand Serail. During the session, the PM informed the attending ministers about a draft law, which aims to borrow from the Lebanese Central Bank in foreign currency to fund the public sector. Mikati said that the aforementioned law would be distributed to ministers for discussion soon.

Source: National News Agency – Lebanon

Over 685,000 Pilgrims Arrive in Madinah

Through Tuesday, 685,550 pilgrims of different nationalities had arrived in Madinah after performing Hajj rituals.

The statistics of the Hajj and Visit Committee showed that a total number of 651,304 pilgrims already left to their countries, while the number of departing pilgrims amounted to 12,776.

The number of pilgrims remaining in Madinah reached 34,143, according to statistics.

Meanwhile, the housing occupancy rate in Madinah stood at 11%, while 513 pilgrims benefited from the medical services provided.

Source: Saudi Press Agency

Neom McLaren Electric Racing Team Releases First AI Sticker for Racing Cars

Using artificial intelligence techniques, the NEOM McLaren Electric Racing team has released the world’s first car sticker designed for chassis of race vehicles, which was set to be posted on racing cars at the world championships organized by the International Automobile Federation (FIA), it was announced here today.

The sticker which was released yesterday at London Electric Car Race coincided with the celebrations of the 60th anniversary of founding the McLaren Racing team.

The stickers were developed in collaboration between NEOM and McLaren Racing featuring the creative future design visions of the drivers Rene Rast, Jake Hughes and four members of the NEOM Graduate Development Program.

The visions of the six participants were written as texts then converted into images and artistic designs that reflect the vision of all participants, and finally were merged into one design.

McLaren Racing designers put the finishing touches on the final design who have put it as a sticker on the cars bodyworks.

Source: Saudi Press Agency

GOSI: Over 25 million services provided via Business Insurance Platform during first half of 2023

According to the General Organization for Social Insurance (GOSI), 25.7 million online services were provided on the Business Insurance platform in the first half of 2023, including 4.3 million proactive services carried out automatically for employers thanks to the integrated system that links the platform with all relevant authorities.

This achievement is the result of GOSI’s efforts to provide comprehensive and integrated digital services to employers. The Business Insurance platform provides over 60 fully automated services to manage insurance issues between employers and subscribers. Over 1.7 million establishments around the Kingdom benefit from the platform to manage insurance operations for over 12 million subscribers to social insurance programs.

Employers can communicate online with customer service representatives and complete their transactions via the Virtual Visit service, which allows direct audio and video calls.

The Business Insurance platform is part of a set of digital products and services provided by GOSI to all its customers, including subscribers, retirees and employers. The platform came about as part of GOSI’s strategy to achieve comprehensive digital transformation as a digital social insurance institution that aspires to achieve excellence in customer service.

Source: Saudi Press Agency

Asia Shares Gain

Shares were mostly higher in Asia on Monday after Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy, the Associated Press reported.

The Hang Seng in Hong Kong rose 0.9% to 20,094.50 while the Shanghai Composite index advanced 0.5% to 3,291.04.

Tokyo’s Nikkei 225 index was up 1.3% at 33,172.22. In Seoul, the Kospi climbed 0.9% to 2,632.58.

Australia’s SandP/ASX 200 edged 0.1% higher, to 7,410.

In other trading on Monday, US benchmark crude oil gave up 12 cents to $80.46 a barrel in electronic trading on the New York Mercantile Exchange. It gained 49 cents to $80.58 on Friday. Brent crude shed 15 cents to $84.27 a barrel.

The US dollar rose to 142.05 Japanese yen from Friday’s 141.01 yen. The euro slipped to $1.1017 from $1.1019.

Source: Saudi Press Agency

The Prime Minister and MPs for the National Union discuss a number of files

Prime Minister Muhammad Shiaa Al-Sudani and a number of MPs of the Patriotic Union of Kurdistan discussed today, Monday, three files.

A statement by his media office stated: “Al-Sudani received, this evening, a number of members of the House of Representatives representing the Patriotic Union of Kurdistan, indicating that the meeting discussed the overall general conditions in the country, and the continuous government plans to develop the economic and service reality for citizens, which are integrated with the efforts of the House of Representatives in Supporting the government to implement its priorities included in the government program.

According to the statement, the meeting witnessed a discussion of the ongoing preparations for holding the elections for the Parliament of the Kurdistan Region of Iraq, and the importance of providing the necessary atmosphere to ensure their success, and to achieve broad participation in them.

Source: National Iraqi News Agency