Monthly Archives: August 2020

Financial, Healthcare

CoapTech Raises $7 Million in Series B Funding Led by Hunniwell Lake Ventures

Leave a comment

Baltimore, MD, 2020-Aug-28 — /REAL TIME PRESS RELEASE/ — CoapTech LLC (Baltimore, MD), a leading medical device start-up pioneering the world’s first and only ultrasound-based feeding tube placement system, announced today the closing of a Series B investment of $7 million led by Palo Alto-based medical device venture capital firm Hunniwell Lake Ventures. The financing will be used to fund CoapTech’s commercialization of its FDA-cleared PUMA-G System.

By simplifying gastrostomy procedures to the point where they can be conducted at the patient’s bedside with ultrasound, hospitals using PUMA-G benefit by freeing up surgical suites and personnel resources for COVID and other clinical priorities, minimizing cross-contamination, and improving efficiencies in care.

CoapTech was founded by critical care physician Dr. Steven Tropello and clinical innovation researcher Howard Carolan, to reduce unnecessary delays, harm, and costs for feeding tube placement, a vital therapy for millions of patients each year around the world.

Howard Carolan, CEO and Co-Founder, states: “We have been receiving fantastic feedback from hospitals in our initial launch program, which are using the PUMA-G System to revolutionize feeding tube placement. By using ultrasound at the patient bedside, rather than the conventional approach of orchestrating expensive and inefficient consults, critical care physicians are completing these procedures in minutes, on the same shift a feeding tube is first indicated. We’re seeing early indications those efficiencies result in patients leaving the ICU sooner, which saves hospitals many thousands of dollars per admission. A substantial portion of this new funding is from physicians who have seen the device and believe it can become the new default method for feeding tube placement.”

Dr. Steven Tropello elaborates, “the PUMA-G System is proving itself ready for standard-of-care adoption for safe and timely gastrostomy tube placement. It is also proving a powerful approach in the fight against COVID, by completely eliminating transport of patients, team members, and reprocessed tools throughout the hospital in favor of a sterile, disposable, bedside solution. I am also very excited about other clinical applications of the PUMA platform we are developing and aim to have for patients in the near future.”

This Series B investment was led by Hunniwell Lake Ventures, a Palo Alto-based medical device venture capital firm.

Daniel Teo, Managing Partner at Hunniwell Lake Ventures, further states “Coaptech’s PUMA System has the potential to transform gastrostomy and many other surgical procedures by allowing them to be performed using ultrasound at the bedside, in hospitals, ambulatory centers, skilled nursing facilities, and LTACHs (Long-term Acute Care Hospitals). This also benefits patients by bringing the procedure closer to the Point-of-Demand (PoD) and giving them more options with a larger community of medical providers capable of performing the procedure.

About CoapTech
Founded in Baltimore, Maryland, CoapTech seeks to bring to the international market breakthrough medical devices utilizing the Point of care Ultrasound Magnet Aligned (PUMA) System, a patented technology developed by Dr. Steven Tropello most notably leveraged in the PUMA-G system. PUMA-G was conceived by Dr. Tropello after the critical care physician became frustrated by the inefficiency of the current feeding tube placement system in hospitals. The novel PUMA technology has the potential to disrupt multiple medical procedures with new, minimally invasive alternatives based on ultrasound – substantially reducing costs and improving patient experience, safety, efficiencies, and access.

About Hunniwell Lake Ventures
Founded by Richard Fang and Daniel Teo, successful medical device entrepreneurs turned venture capitalists, Hunniwell Lake Ventures’ mission is to make surgery safer, more accessible and less invasive by investing in surgical innovations that help medical providers See, Treat and Heal better.

Media contacts:

CoapTech
info@coaptech.com
www.coaptech.com

Hunniwell
info@hunniwell.com
www.hunniwell.com

Entertainment, Internet & Online, Software, Sports

As NFL Season Draws Closer, Bookies Switch to New Software Providers

Leave a comment

San Jose, Costa Rica, 2020-Aug-20 — /REAL TIME PRESS RELEASE/ — Although the coronavirus pandemic represented a bump in the road, the Global Sports Betting Market is on track to reach $155.4 billion by 2024. The trajectory, which represents a compound growth rate (CAGR) of 8.8%, can mostly be attributed to a couple of sports. By far, international sports bettors wager on soccer. In the U.S., football is the players’ betting sport of choice.

As the online sports betting continues to grow more bookies are looking for more established software companies like Payperhead.com to grow their businesses. Pay per head agents, those who use bookie software to run their sportsbooks, can expect the NFL to generate 2020 revenue in line with what they saw in 2019. In some cases, this NFL Season may generate more since players remain hesitant about visiting brick and mortar betting establishments.

Every year, the National Football League’s annual Super Bowl attracts the most wagering dollars of any single event. In 2018, the Super Bowl generated $158 million in handle. Some sports bettors wager exclusively on NFL football games. Their biggest bet of the year is on the Super Bowl.

Although the Big Ten and Pac 12 won’t have football this fall, the SEC, ACC, and Big 12 will. Also, the NFL is on track to start their season on time in September. The lack of Big Ten and Pac 12 games should have a negligible effect on football betting numbers. Most sports handicappers will turn their attention to SEC, ACC, and Big 12 college games.

Some pph sportsbook agents have already started the push for football wagering dollars. One agent who wished to remain anonymous said that he sent out the NFL’s opt-out list to his players a day after the league released it to the public.

The National Football League told players that they had until August 6 to opt-out of playing in the upcoming season. Players were compensated either $150,000 or $350,000 depending on their opt-out reason. On August 7, a per head agent copied the list and emailed it to his players. “I wanted to give my players information that can help them plan for the season.”

Customer care isn’t the only thing the agent did. He recently switched pay per head software providers, moving to a shop that offered credit card transactions. “Some of my players didn’t want to meet in person. Now, all they must do is use the system to pay me via credit card. I can also make payouts directly to their cards, which makes them happy.”

Although credit card transactions were the most important aspect that led to the switch, the bookmaking agent said that wasn’t the lone reason. “My players don’t wager much on NBA and MLB. So, I didn’t see much of a change in revenue. But losing the NCAA Basketball Tournament was huge. That’s my second best profit generator.”

“I had to find a pay per head shop that made it easy for me to import my players and offered more than my current provider did,” the agent said.

The agent added, “I don’t mind paying a higher per head fee because I can’t take the chance. I’ve got to try and make up the lost college basketball tournament profit with football betting.”

About PayPerHead:
Founded in 1997, PayPerHead is the industry’s leading online sportsbook software provider. The company prides itself on being a sports betting tech leader and customer-centric organization with over 20 plus years of experience. Currently, PayPerHead provides sportsbook software solutions to over 15,000 bookies with over 75,000 players.

For more information, visit https://payperhead.com or contact:
sales@247servicenow.com
1-800-605-4767

Logo:

PayPerHead logo

Education, Law, Management

Louis Lehot Talks About Successful Leadership & Beyond

Leave a comment

Palo Alto, California, USA, 2020-Aug-17 — /REAL TIME PRESS RELEASE/ — Louis Lehot, the founder of L2 Counsel, P.C., talks about his seven habits to being a better leader, especially when everyone is remote and distributed.

We sat down with Louis Lehot, the founder of L2 Counsel, P.C., and talked to him about his seven habits to being a better leader, especially when everyone is remote and distributed.

Louis Lehot

Louis Lehot is a corporate, securities, and M & A lawyer. His clients are public or private companies, financial sponsors, venture capitalists, investors, investment banks, in forming, financing, governing, buying, and selling companies.

According to Louis Lehot, here are some of the leadership qualities that good leaders strive towards:

Have Vision: Good leaders have a vision and purpose. They share their vision with their followers. A great leader explains why they are moving the team in one direction or another, shares their strategy and includes others in their action plan to achieve the desired goal.

Be understanding of evolving circumstances: Great leaders have empathy. Unfortunately, many leadership positions follow a dictatorial style failing to make a closer connection with their base. Understanding issues others in your circle have is the first step to become an effective leader.

Be ready to adapt to change: Covid-19 has thrown us for a loop, but as they say, when the going gets tough, the tough get going. Great leaders follow this rule. They are resilient, have a positive attitude, and rally their followers. Great leaders also focus on solutions, not problems.

Strong EQ: Good leaders understand people, connect with people emotionally, and understand the problems of others. Emotionally intelligent leaders have a higher degree of social awareness, more effective communication styles, and are good at resolving conflicts. Leaders who have EQ not only handle conflict in a better way, but also play an essential role in conflict resolution.

Inspire Others: Probably the most challenging job for a leader is to persuade others to see things as they do. They also know you inspire others by setting a good example. When the going gets tough, people look to see how leaders react to the situation. As a leader, thinking positive and a positive approach should be visible, inspiring others through your actions.

Louis Lehot Trusted Corporate and M&A Lawyer

Decision-Making Capabilities: Many leaders have a futuristic vision; great leaders can make the correct decision at the right time. Decisions in any situation will have a profound impact on others’ lives, which is why a leader should think long and earnestly before acting. Once the decision is made and executed, stand by it.

Accountability: When it comes to responsibility, make sure that you are accountable for what you are doing. Good leaders are self-aware, realize their mistakes, and work diligently to improve. Holding themselves responsible for their actions goes a long way in creating a sense of responsibility among your staff. It will serve as an example so that they go about the business more seriously.

Louis Lehot is the founder of L2 Counsel. Louis is a corporate, securities, and M & A lawyer. He helps his clients, whether they be public or private companies, financial sponsors, venture capitalists, investors, or investment banks, in forming, financing, governing, buying, and selling companies. He is formerly the co-managing partner of DLA Piper’s Silicon Valley office and co-chair of its leading venture capital and emerging growth company team.

L2 Counsel P.C. is an elite boutique law firm based in Silicon Valley designed to serve entrepreneurs, innovative companies, and investors with sound legal strategies and solutions.

Media contact:

Louis Lehot
L2 Counsel, P.C. 407, California Avenue, Suite #2 Palo Alto, California 94306
Direct voice: +1.650.796.7280
Email: louis.lehot@l2counsel.com

Entertainment, Internet & Online, Software, Sports

Bookies Clamoring for Safe and Secure Ways to Collect and Get Paid from Players

Leave a comment

San Jose, Costa Rica, 2020-Aug-07 — /REAL TIME PRESS RELEASE/ — After the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, U.S. based organizations created online sportsbooks to compete with offshore sportsbooks, also called post-ups.

Now the times have changed and as the local bookie business starts to gain in popularity, so do the demands of satisfying the players. And it’s PayPerHead’s proprietary Agent Payment Solution that is making it safe, convenient and practical for bookies from all walks of life to manage and grow their businesses.

Individuals have also become online sportsbook owners. In addition, existing bookies have taken their operations to the Internet. In most cases, bookies have become “pay per head agents”. A pay per head agent uses software to run their online sportsbook company. But although the software does some things well, most pay per head software struggles to meet agent needs.

Bookies must figure out on their own how to collect or pay players. In a social distancing age, that can cause major delays and disruptions in a bookie’s sportsbook operation. Not only that, but bookies cannot compete with offshore post-ups because they must keep their services at a local level.

Created in 1997, PayPerHead, a leading pph sportsbook software provider, has developed a mobile online payment interface, the Agent Payment Solution (APS®). PayPerHead’s agents can pay or collect from players via the APS in a matter of seconds. The APS works like PayPal but unlike PayPal, agents that use the APS mustn’t pay exorbitant fees.

The social distancing advantages are obvious. PayPerHead Product Manager Nate Johnson, though, said that’s just one advantage the Agent Payment Solution provides.

Johnson explains that, “We want our agents to be safe first of all. And not only that, but the APS allows agents to expand their businesses. It’s a mobile agent and player payment system that allows our agents to say, ‘Hey, you can pay and get paid in the same way as any offshore post-up operation.’ That allows our agents to increase their player footprint, which means they grow their sportsbook businesses, which means they make more money. Also, they don’t have to be restricted to the same area and can recruit players in other ways.”

Johnson noted that players can send money to their agents via credit cards, Bitcoin, eCheck, and even Moneygram. He added that PayPerHead believes the APS will revolutionize the pph sportsbook industry with its seamless technology. “With the APS, it’s all about confidentiality and security. We’ve created the PayPal for our industry. The difference is that the APS doesn’t charge a fee for every transaction the way PayPal does. In addition, our agents can make as much money as they want because they can promote their sportsbooks to players all over the world if they wish.”

Also, Johnson said the Agent Payment Solution provides peace of mind. “It’s a great thing to know that you’re going to get paid safely and securely. We’re the first and only to come up with an answer to that question, the most important question that pay per head bookies have. With the Agent Payment Solution, all our customers must do is go onto the system, go to Pay Me, then continue to the payout process and that’s it.”

About PayPerHead:
Founded in 1997, PayPerHead is the industry’s leading online sportsbook software provider. The company prides itself on being a sports betting tech leader and customer-centric organization with over 20 years of experience. Currently, PayPerHead provides sportsbook software solutions to over 15,000 bookies with over 75,000 players.

For more information, visit https://payperhead.com or contact:
sales@247servicenow.com
1-800-605-4767

Financial, Internet & Online, Software

Bitcoin Proof of Stake – BitcoinPoS – BPS

Leave a comment

Dallas, TX, USA, 2020-Aug-04 — /REAL TIME PRESS RELEASE/ — The Bitcoin core network today runs on the proof of work algorithm. It leaves the network open to the 51% attack, also it is costly to mine and harmful for the environment. The PoW mechanism has also been a hindrance to scalability.

However, numerous innovations are trying to deal with the issues, facing the Bitcoin network while preserving certain unique aspects of the original concept. For instance, the 21 million tokens supply along with the proven code-base that has been improved over a decade is worth preserving.

The Bitcoin Proof of Stake coin reserves the strongest aspect of the Bitcoin network with a flexible proof of stake algorithm. It presents a new paradigm in the utility of crypto. The Bitcoin PoS coin preserves everything that Bitcoin has while bringing new development to the blockchain technology.

Driving Mass Adoption
When Satoshi Nakamoto launched Bitcoin about a decade ago, his goal was mass adoption of crypto that would replace the current financial system. However, that goal has not been achieved. Many crypto projects in existence today have numerous issues that prevent mass adoption.

The Bitcoin PoS project aims to advance Satoshi Nakamoto’s vision of a decentralized financial network that is independent of centralized control. Bitcoin Proof of Stake is designed to be scalable and easy to use. The goal is to give access of banking services to billions of people globally. To achieve this, Bitcoin PoS aims to be a coin for ordinary retail payments.

About the Proof of Stake Mechanism
The Bitcoin network is secured using a proof of work mechanism. However, the PoW mechanism is energy-intensive and requires expensive mining rigs to secure. The proof of stake mechanism wants to replace how consensus is achieved. Instead of using PoW, the staker that generates a block has to provide proof that they have access to given number of coins.

Generating the block will entail the sending of coins to oneself, which proves ownership. The amount of coins needed for staking is determined via a difficulty adjustment model that is similar to the PoW mechanism. The goal is to ensure an approximate constant block time. Just like PoW, the block generation process will result in rewards via a transaction fee and supply model.

Bitcoin PoS Deals with the Bitcoin Centralization Problems
The Bitcoin network appears perfect to its proponents. However, it has a problem with centralization. The high cost of power and the expensive mining rigs mean that only a few select companies can afford to mine the BTC network.

The result is that only those with access to cheap power can secure the network. Today, most of those miners are located in China, which has led to a high concentration of mining power in one region. In effect, Chinese miners control the Bitcoin network. It was not the vision of decentralization that Satoshi Nakamoto had in mind.

To make the issue worse, the places where the cost of power is low also have highly authoritarian systems of government. Another issue is that in nations where the cost of power is high do not recognize BTC mining as a business. Thus, miners do not get access to subsidized power. It has led to the proliferation of mining cartels with some companies controlling as much as 5% of the mining power.

For retail miners, the only solution is to join mining pools, which effectively control all of the mining power of BTC. As a result, BTC is highly centralized in the current setup and it will only continue being centralized in the future.

Bitcoin PoS Solves the Issue
One of the issues that Bitcoin Proof of Stake solves is the cost of power. The proof of stake mechanism cuts the cost of power by 99%. As a result, it ensures that it will difficult from any entity to monopolize the network. The result is that Bitcoin PoS is achieving the vision of Satoshi Nakamoto.

The Current State of Bitcoin PoS
While Bitcoin Proof of Stake uses a proof of stake mechanism, the Bitcoin PoS still keeps up with upgrades to the Bitcoin network. Any upgrade made by the developers are added to the Bitcoin PoS blockchain. Today, the coin is tradable on crypto exchanges; it has a market price of USD 89.07 according to data on CoinMarketCap. It has a market cap of $308,995,384 and it is ranked at 40 by market cap in the world but actual raking on coinmarketcap.com is 205 because of their raking systems.

New listings on different platforms and exchanges will come.

Media contact:

contact@bitcoinpos.net

Logo:

BitcoinPoS logo