CALGARY, Alberta, Sept. 18, 2020 (GLOBE NEWSWIRE) — New Millennium Iron Corp. (the “Company” or “NML”) (TSX: NML) is pleased to announce, further to the previously announced reorganization with the Tata Steel Group, that it has arrived at an agreement with Abaxx Technologies Inc. (“Abaxx”) to enter into an business combination agreement (the “Agreement”). Under the terms of the Agreement, NML and Abaxx will effect a transaction that will result in a reverse takeover of NML by the shareholders of Abaxx (the “Transaction”) to ultimately form the resulting issuer (“Resulting Issuer”), subject to the terms and conditions outlined below. Upon completion of the Transaction, it is the intention of the parties that the Resulting Issuer will continue the business of Abaxx. The Resulting Issuer will apply to list on the TSX Venture Exchange (“TSXV”). Assuming completion of the Transaction, it is anticipated that the Resulting Issuer will be listed on the TSXV as a Tier 2 technology issuer. The Transaction is anticipated to close on or around November 30, 2020.
About Abaxx Technologies
Abaxx Technologies Inc. is a development stage financial technology business developing software tools which enable commodity traders and finance professionals to communicate, trade and transact faster and more securely. In addition, Abaxx is the majority shareholder of Abaxx Singapore Pte. Ltd. (“Abaxx Commodity Exchange”, or “ACX”), a nascent commodity futures exchange seeking final regulatory approvals as a Registered Market Operator (“RMO”) and Approved Clearing House with the Monetary Authority of Singapore (“MAS”). On September 7, 2020, Abaxx received Approval in Principal of its RMO application, subject to various terms and conditions.
The Abaxx mission is to advance commodity trading and financing markets as the global economy transitions from carbon intensive coal and oil energy sources to mass electrification based on clean natural gas, renewable energy, and smart grid energy storage. To achieve the stated mission, Abaxx has developed a business strategy comprised of two core components: (i) investing in new internet communication protocols and proprietary financial software to support and improve global commodity trading markets (the Abaxx “Commoditization of Trust®” software portfolio); and (ii) commercializing a majority-owned commodity futures exchange based in Singapore and utilizing Abaxx technology, which is currently developing new global energy benchmark contracts as well as contracts to trade precious metals and battery metals. It is anticipated that contracts traded on the Abaxx Commodity Exchange will include Environmental, Social, and Corporate Governance (ESG) certifications to support a global shift to more responsible trading and investing.
Abaxx was incorporated on January 25, 2018 pursuant to the Canada Business Corporations Act Abaxx, through a wholly owned subsidiary, currently controls approximately 58% of the issued and outstanding common shares of Abaxx Commodity Exchange. On or before the closing of the Transaction, Abaxx intends to exercise a US$7,500,000 convertible debenture (the “ACX Debenture”) it holds in ACX such that it will control approximately 81% of the issued and outstanding ACX shares following conversion.
The Abaxx vision for Global Commodity Market Trading Infrastructure 3.0, which Abaxx describes as the “Commoditization of Trust®”, is a software architecture which is natively comprised of emerging software technologies including deep learning and natural language processing (“DL/NPL”), self-sovereign digital identity (“SSI”), encrypted content-addressing distributed file systems, smart contracting languages and protocols, and decentralized datastore technology (“DDS”). The Company has engineered a foundational internet SSI and messaging protocol called ID++, and has developed alpha-stage software applications using the Commoditization of Trust architecture in the fields of:
- SSI-based verified-credential management, authentication, and identity and access management,
- end-to-end encrypted and compliant financial messaging, voice and video calling with enhanced deep learning and natural language processing applications,
- multi-cloud financial-data storage using encrypted content-addressing distributed file systems,
- SSI-enabled electronic document and smart contract signing,
- digital-contract custody and other financial workflow management applications.
All figures are represented in Canadian dollars.
Summary of the Transaction
Under the terms of the Agreement, immediately following completion of the NML Reorganization with the Tata Steel Group (as described below) NML will effect a consolidation of the issued and outstanding common shares in the capital of the Company (“NML Shares”) on a 12-to-1 basis (the “Consolidation”) that will result in 11.1 million NML Shares issued and outstanding prior to giving effect of the shares issuable to Abaxx shareholder in connection with the Transaction. Following the Consolidation, the Agreement provides that NML and Abaxx will be completing a business combination transaction, pursuant to which the NML Shares will be issued to holders of common shares of Abaxx (“Abaxx Shares”), including Abaxx Shares held by Convertible Debenture Holders, on the basis of 0.809 post-Consolidation NML Share for every one (1) Abaxx Share resulting in the issuance of 51.2 million NML Shares. The deemed issue price of NML Shares issued to Abaxx is approximately $0.99 per share (or $0.08 pre-Consolidation) which represents a 27% premium to the closing share price of NML prior to announcement of the Transaction. The deemed issue price implies a Abaxx share price of $0.80 and equity value of $50.7 million, including the conversion of the Abaxx Convertible Debenture (as defined below) and Private Placement (as defined below).
After giving effect for the reorganization of NML (the “NML Reorganization”), as previously announced on August 5, 2020 and the Transaction, the Resulting Issuer will have approximately 62.6 million Resulting Issuer shares outstanding (post-Consolidation), of which 17.8% will be held by NML shareholders and 82.2% will be held by current Abaxx shareholders, which includes conversion of the Abaxx Convertible Debentures (as defined below) and the Private Placement (as defined below).
In addition, the Corporation will issue Resulting Issuer stock options and Resulting Issuer warrants, in exchange for the outstanding Abaxx stock options and warrants, respectively. Holders of Abaxx warrants may elect to receive 0.203 Resulting Issuer Share for one (1) Abaxx warrant in lieu of receiving a Resulting Issuer warrant.
The Resulting Issuer will continue to hold NML’s iron ore properties in the Province of Newfoundland and Labrador and the Province of Quebec and will evaluate strategic opportunities for these assets following closing of the Reorganization and Transaction.
The board of directors of NML, other than nominees of Tata Steel who have abstained, has unanimously approved the Agreement and will recommend that shareholders of NML vote in favour of the Agreement at the NML Special Meeting. The parties to the Transaction are at arm’s length. The approval of shareholders of NML in respect of the Transaction will be required. The Company intends to hold a special meeting of shareholders on November 13, 2020 (the “NML Special Meeting”), whereat, among other things, the shareholders of NML will be asked to approve: (i) the Consolidation; (ii) the change of name of NML to “Abaxx Technologies Inc.” or such other name as Abaxx may determine and the board of directors of NML may approve; (iii) the Transaction and the Agreement; and (iv) the NML Reorganization (as defined above). Copies of the management information circular of NML, and certain related documents and agreements, will be filed with the Canadian securities regulators and will be available at the SEDAR website at www.sedar.com under NML’s profile at least 21 days prior to the date of the Special Meeting.
Abaxx intends to hold an annual and special meeting of shareholders on November 13, 2020 whereat, among other things, the shareholders of Abaxx will be asked to approve the Transaction and the Agreement.
The completion of the Transaction is subject to the satisfaction of various conditions as are standard for a transaction of this nature, including but not limited to (i) receipt of all requisite regulatory, stock exchange, court or government approvals, authorizations or consents; (ii) the absence of any material change or change in a material fact or a new material fact affecting NML or Abaxx; (iii) completion of the NML Reorganization (as defined below); (iv) completion of the Consolidation; (v) conversion of all outstanding convertible debentures (US$3,250,000) issued by Abaxx (the “Abaxx Convertible Debentures”); and (v) entering into a unanimous shareholder agreement between the shareholders of ACX and Abaxx’s ownership of ACX being no less than 80%. There can be no assurance that the Transaction will be completed on the terms proposed above or at all.
Pursuant to the Agreement, certain directors, officers and shareholders of Abaxx have agreed to support the proposed Transaction and have each entered into voting and support agreements with Abaxx to vote their Abaxx Shares in favour of the Transaction at the annual and special meeting of Abaxx shareholders.
It is anticipated that immediately following the Transaction, the only shareholder that will hold greater than 10% of the issued and outstanding Resulting Issuer Shares will be:
Joshua Crumb (a director and chief executive officer of Abaxx and an anticipated director and chief executive officer of the Resulting Issuer). Joshua Crumb will own approximately 11.0 million Resulting Issuer following the Transaction (or 17.5% of the Resulting Issuer before giving effect to any options).
The Resulting Issuer
Immediately prior to the completion of the Transaction, the Resulting Issuer is expected to change its name to Abaxx Technologies Inc., and the Resulting Issuer will be Industrial/Technology/Life Sciences issuer under the policies of the TSXV. In connection with the Resulting Issuer applying for listing on the TSXV, a Form 3D1 Filing Statement will be available at the SEDAR website at www.sedar.com under NML’s profile once the Form 3D1 Filing Statement has been finalized.
Concurrent with the completion of the Transaction, all officers and all but two (2) directors of NML will resign and be replaced by nominees put forth by Abaxx. The following individuals are expected to be the directors and/or officers of the Resulting Issuer following the Transaction:
Joshua Crumb, Founder, CEO and Director
Prior to Founding Abaxx, Joshua Crumb was a founder, Chief Strategy Officer and Director of financial technology company Goldmoney Inc from 2014 to 2018. Mr. Crumb was also previously an Executive Director and Senior Commodities Strategist at Goldman Sachs in the Global Economics, Commodities and Strategies research division in London. Mr. Crumb has also held various position within the Lundin group of companies, and is currently a director of Solitario Zinc Corp., nominated on behalf of Lundin group holdings. Mr. Crumb holds a Master of Science degree in Mineral Economics, a Graduate Certificate in International Political Economy and a Bachelor of Science degree in Engineering from the Colorado School of Mines. It is presently anticipated that Mr. Crumb will act as the President, Chief Executive Officer, and a director of the Resulting Issuer.
Joe Raia, Chief Commercial Officer of ACX
Prior to becoming Chief Commercial Officer of the Abaxx Commodity Exchange, Joe Raia most recently served as Managing Director, Global Energy Clearing and Execution Head at R.J. O’Brien & Associates, the largest independent futures brokerage firm in the United States, from April 2018 to August 2019. Prior to that, Mr. Raia served as Global Head of Commodity Futures Sales at Goldman Sachs from April 2011 to May 2018, where he helped build the firm’s relationships with a focus on commercial and institutional clients. Previously, he spent more than a decade as a futures exchange executive, initially with the New York Mercantile Exchange (NYMEX) and then with CME Group after it acquired NYMEX in 2008. Following the acquisition, Raia served as Managing Director and Global Head of Energy and Metals Products at CME Group, responsible for those product areas and a team of professionals worldwide. In the beginning of his career at NYMEX in late 2001, he had sole responsibility for initiating, building and launching what became the award-winning ClearPort clearing platform for risk and credit mitigation in global OTC energy products.
Dan McElduff, President of ACX
Mr. McElduff has over 25 years of experience working in diverse roles at commodity exchanges, commodity dealers and future commission merchants. His exchange experience includes business development, product development, marketing, compliance and operations at an established exchange (NYMEX) and a startup (ELX). Dan has served in senior compliance roles at major commodity dealers and futures commission merchants, including Morgan Stanley and Barclays. He has broad experience with major Commodities Futures Trading Commission initiatives including the Commodity Futures Modernization Act and the Wall Street Reform and Consumer Protection Act.
Mason Wallick, Director of ACX
Mr. Wallick currently serves as the Managing Director of Clime Capital Limited, an investment fund management company which focuses on clean energy investments in South East Asia, including the The South East Asia Clean Energy Facility (SEACEF). Prior to founding Clime Capital, Mr. Wallick served as founder and Managing Director of Infunde Capital Pte. Ltd., an advisory firm that provides advice on energy infrastructure projects. Mr. Wallick holds a Master of Science degree in Mineral Economics and Bachelor of Science degree in Chemical Engineering from the Colorado School of Mines.
Thom McMahon, Nominated Director and co-founder
Thomas McMahon has over 30 years of experience in international exchange-based Commodity and Derivative product creation, clearing, trading, and regulatory licensing. Over the past decade, Thom has worked broadly across Asia to bring to market major international exchange formation and licensing projects in Singapore, Japan, Korea, Hong Kong, Indonesia, Malaysia, Thailand, Australia, Dubai and India. Mr. McMahon previously served as Chief Executive Officer and Managing Director of the Singapore Mercantile Exchange from April 2009 until June 2011 after licencing and launching an exchange and clearing house now owned by Intercontinental Exchange, Inc. Mr. McMahon was also a former President of the Hong Kong Mercantile Exchange, and a Vice President and Director of the NYMEX, now part of the CME Group Inc.
Catherine Flax, Nominated Director
A former Wall Street executive, Catherine Flax previously served as Managing Director and Head of Commodity Derivatives, Foreign Exchange and Local Markets, Americas at BNP Paribas, and as Chief Marketing Officer for J.P.Morgan. Ms. Flax has been a leader in the FinTech space, serving on the boards of many organizations such as Digital Asset Holdings, a market leading blockchain company and Securities Industry and Financial Markets Association (SIFMA). Prior to becoming CEO of Pefin, Flax was an advisor to the company in matters of Marketing Regulation, Compliance, Business Development, Strategy and International Growth.
Margot Naudie, Nominated Director
Margot Naudie is a seasoned 20+ year capital markets professional with global investment expertise as a Senior Portfolio Manager for long-only and long/short North American and global natural resource portfolios. She held senior roles at leading multi-billion-dollar asset management firms, including TD Asset Management, Marret Asset Management, and CPP Investment Board. She is skilled at capital allocation and successful decision making in complex and fast-paced environments, resulting in top-quartile investment performance. Ms. Naudie was cited as a Brendan Wood TopGun Investment Mind (Platinum) for five consecutive years. Ms. Naudie acts as an active and engaged Independent Director on public and private company boards. She sits on Audit, Governance and Investment Committees, and serves as Compensation Committee Chair.
W. Scott Leckie, Director
Mr. Leckie is an experienced value investor, Portfolio Manager, and a founding partner of several companies. He is currently the Principal of Takota Asset Management Inc., as a portfolio manager (PM) and an exempt market dealer (EMD). He is also a Director of Acerus Pharmaceuticals Corp.
Daniel P Owen, Director
Mr. Owen is an investor and entrepreneur. He is currently Chairman and Chief Executive Officer of a private investment management company, Chairman and Chief Executive Officer of a private aerodrome management company, and a former Senior Vice President, Operations, of the Canada Development Corporation (later named Polysar Energy & Chemical Corporation). Mr. Owen has served on the boards of directors and on all the committees of a number of Canadian public companies.
Abaxx Closes $5.1 Million in Private Placement
On September 11, 2020, Abaxx completed the final tranche of a non-brokered private placement of 6,484,020 Abaxx Shares at a price of $0.80 per Abaxx Share for gross proceeds of $5,187,216 (the “Private Placement”).
Abaxx Receives Conditional Approval of Early Conversion of $3.25 Million in Outstanding Debentures Upon Closing of a Going Public Transaction
Each holder of the Abaxx Convertible Debentures has agreed to early conversion of their outstanding Abaxx Convertible Debenture and accrued interest thereon into Abaxx Shares at the conversion price in the debentures being $0.55 per Abaxx Share, concurrent with the closing of the Transaction.
As of June 30, 2020, Abaxx had total assets of $3,759,516 and total liabilities of $8,425,100, including the Convertible Debentures. During the six-month period ended June 30, 2020, Abaxx recorded $nil revenue and net loss of $(3,506,465). The amounts are presented from Abaxx’s unaudited condensed interim consolidated financial statements for the six months ending June 30, 2020.
As of December 31, 2019, Abaxx had total assets of $5,534,695 and total liabilities of $7,080,886. During the year ended December 31, 2019, Abaxx recorded $nil revenue and net loss of $(10,593,233). The amounts are presented from Abaxx’s unaudited consolidated financial statements for the year ended December 31, 2019.
The implied equity value of Abaxx based on the Private Placement and under the Transaction is $50.7 million.
Advisors and Counsel
Cormark Securities Inc. (“Cormark”) acted as exclusive financial advisor to Abaxx and Peterson McVicar LLP acted as legal counsel. Subject to completion of satisfactory due diligence, Cormark has agreed to act as sponsor in connection with the transaction. An agreement to sponsor should not be construed as any assurance with respect to the merits of the Transaction or the likelihood of completion.
Cairn Merchant Partners LP acted as exclusive financial advisor to NML and Blake, Cassels & Graydon LLP acted as legal counsel.
About New Millennium Iron Corp.
NML is a Canadian iron ore exploration, evaluation and development company with an extensive property position called the Millennium Iron Range in Canada’s principal iron ore district, the Labrador Trough, straddling the Province of Newfoundland and Labrador and the Province of Quebec, in the Menihek Region around Schefferville, Quebec. The Company’s project areas are connected via a well-established, heavy-haul rail network to the Port of Sept-Îles, Quebec.
For further information, please visit: www.NMLiron.com.
About Abaxx Technologies Inc.
Abaxx Technologies Inc. is a private, development stage financial technology business developing software tools which enable commodity traders and finance professionals to communicate, trade and transact faster and more securely. The company was founded to capitalize on opportunities emerging from the growth and electrification of the Asian economies and the global transition from Oil and Coal to Natural Gas and Renewables. A dimension of this generational transition is the demand for Environmental, Social and Governance (ESG) considerations for which the Abaxx technologies are ideally suited. Abaxx Singapore Pte. Ltd., a majority owned subsidiary, leverages these tools and new benchmarks for commodity traders to improve risk management by reinforcing trust and security in metals and energy markets. Symbiotically, the organization improves transactional transparency and execution velocity reducing friction throughout the global Commodity Finance Infrastructure. On September 7, 2020, ACX received approval-in-principal to become a registered market operator under the Monetary Authority of Singapore.
For further information, please visit: www.abaxx.tech and www.abaxx.exchange.
For more information please contact:
New Millennium Iron Corp.
Mario Caron – Acting Chief Executive Officer, New Millennium Iron Corp.
Tel: (514) 935-3204
Abaxx Technologies Inc.
Joshua Crumb, President, Chief Executive Officer, and Director
Tel: +1 246 271 0082
Completion of the transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
The TSX Venture Exchange Inc. or the Toronto Stock Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this news release.
This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Abaxx or the Company’s future plans, objectives or goals, including words to the effect that Abaxx or the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx and the Company, neither Abaxx nor the Company provide any assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Abaxx and the Company’s objectives, goals or future plans, statements, timing of the commencement of operations and estimates of market conditions, the anticipated closing date and the completion of the Transaction on the terms as announced or at all, and the receipt of all necessary approvals.
Such factors include, among others, risks relating to the global economic climate; dilution; the Resulting Issuer’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for the Resulting Issuer to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Resulting Issuer and the industry; network security risks; the ability of the Resulting Issuer to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of the Resulting Issuer include but are not limited to: operations in foreign jurisdictions, protection of intellectual property rights, contractual risk, third party risk; clearinghouse risk, malicious actor risks, third-party software license risk, system failure risk, risk of technological change; dependence of technical infrastructure, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains. The Company has also assumed that no significant events occur outside of the Resulting Issuer’ normal course of business. Although Abaxx and the Company have attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither Abaxx nor the Company undertake any obligation to revise or update any forward-looking information other than as required by law.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on NML’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. NML has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of NML as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. NML does not undertake to update this information at any particular time except as required in accordance with applicable laws.
This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor the Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Vermont Health Connect had 10 data breaches last winter
In mid-December, a Vermont Health Connect user was logging in when the names of two strangers popped up in the newly created account.
The individual, who was trying to sign up for health insurance, deleted the information that had suddenly appeared.
“It was super unsettling to think that someone is filing in my account with my information,” the person, whose name is redacted in records, wrote in a complaint to the Department of Vermont Health Access. “Just seems like the whole thing needs a big overhaul.”
It was one of 10 instances between November and February when Vermont Health Connect users reported logging to find someone else’s information on their account.
The data breaches included names of other applicants and, in some cases, their children’s names, birth dates, citizenship information, annual income, health care plans, and once, the last four digits of a Social Security number, according to nearly 900 pages of public records obtained by VTDigger. On Dec. 22, the department’s staff shut down the site to try to diagnose the problem.
While officials say the glitches have been resolved, it’s the most recent mishap for a system that has historically been plagued by security and technical issues. The breaches could be even more widespread: Administrators of Vermont Health Connect can’t tell if other, similar breaches went unreported.
“We don’t know what we don’t know,” said Jon Rajewski, a managing director at the cybersecurity response company Stroz Friedberg. Regardless of whether there are legal ramifications for the incidents, they should be taken “very seriously,” he said.
“If my data was being stored on a website that was personal, — maybe it contains names or my Social Security number, like my status of insurance… — I would expect that website to secure it and keep it safe,” he said.
“I wouldn’t want someone else to access my personal information.”
Andrea De La Bruere, executive director of the Agency of Human Services, called the data breaches “unfortunate.” But she downplayed the severity of the issues. Between November and December, 75,000 people visited the Vermont Health Connect website for a total of 330,000 page views, she said. The 10 incidents? “It’s a very uncommon thing to have happen,” she said.
De La Bruere said the issue was fixed on Feb. 17, and users had reported no similar problems since. The information that was shared was not protected health information, she added, and the breaches didn’t violate the Health Insurance Portability and Accountability Act, or HIPAA.
“No matter what the law says technically, whether it’s HIPAA-related or just one’s personal information, it’s really concerning,” said Health Care Advocate Mike Fisher.
The timing of the issue is less than ideal, he added. Thousands of Vermonters will be logging into Vermont Health Connect in the coming weeks to take advantage of discounts granted by the American Rescue Plan. “It’s super important that people can access the system, and that it’s safe and secure,” Fisher said.
A ‘major issue‘
The issues first arose on Nov, 12, when at least two Vermonters logged in and found information about another user, according to records obtained by VTDigger.
Department of Vermont Health Access workers flagged it as a “major issue” for their boss, Kristine Fortier, a business application support specialist for the department.
Similar incidents also occurred on Nov. 17 and 18, and later on multiple days in December.
Department of Vermont Health Access staff members appeared alarmed at the issues, and IT staff escalated the tickets to “URGENT.”
“YIKES,” wrote a staff member Brittney Richardson. While the people affected were notified, the data breaches were never made public.
State workers pressed OptumInsights, a national health care tech company that hosts and manages Vermont Health Connect, for answers. The state has contracted with the company since 2014. It has paid about $11 million a year for the past four years for maintenance and operations, with more added in “discretionary funds.”
Optum appeared unable to figure out the glitch. “It is hard to find root cause of issue,” wrote Yogi Singh, service delivery manager for Optum on Dec. 10. Optum representatives referred comments on the issues to the state.
By Dec. 14, Grant Steffens, IT manager for the department, raised the alarm. “I’m concerned on the growing number of these reports,” he wrote in an email to Optum.
The company halted the creation of new accounts on Dec, 14, and shut down the site entirely on Dec, 22 to install a temporary fix. “It’s a very complex interplay of many many pieces of software on the back end,” said Darin Prail, agency director of digital services. The complexity made it challenging to identify the problem, and to fix it without introducing any new issues, he said.
In spite of the fixes, a caller reported a similar incident on Jan. 13.
On Feb. 8, a mother logged in to find that she could see her daughter’s information. When she logged into her daughter’s account, the insurance information had been replaced by her own.
“Very weird,” the mother wrote in an emailed complaint.
Optum completed a permanent fix on Feb. 17, according to Prail. Vermont Health Connect has not had a problem since, he said.
Prail said the state had reported the issues to the Centers for Medicaid and Medicare Services as required, and had undergone a regular audit in February that had no findings. The state “persistently pressured Optum to determine the root cause and correct the issue expeditiously but at the same time, cautiously, so as to not introduce additional issues/problems,” he wrote in an email to VTDigger.
“We take reported issues like this very seriously,” he said.
A history of glitches
The state’s health exchange has been replete with problems, including significant security issues and privacy violations, since it was built in 2012 at a cost of $200 million.
The state fired its first contractor, CGI Technology Systems, in 2014. A subcontractor, Exeter, went out of business in 2015. Optum took over for CGI, and continued to provide maintenance and tech support for the system.
In 2018, when Vermont Health Connect was less than 6 years old, a report dubbed the exchange outdated and “obsolete.”
Officials reported similar privacy breaches in 2013, when Vermonters saw other people’s information.
An auditor’s report in 2016 found a slew of cybersecurity flaws, and officials raised concerns again during a 2018 email breach.
It wasn’t the first time that Vermont Health Connect users had been able to view other people’s personal information. Three times since October 2019, individuals had logged in to see another individual’s insurance documents. Prail attributed those incidents to human error, not to system glitch; a staff member uploaded documents to the wrong site, he said.
In spite of the issues, Prail said he and other state officials have been happy with Optum. After years of technical challenges with Vermont Health Connect, “Optum has really picked up the ball and improved it and been running it pretty well,” he said.
Glitches are inevitable, he added, and Optum has addressed them quickly. “They took a really difficult-to-manage site and made it work pretty well,” he said. “Optum is generally quite responsive to any issues we have.”
“I find any privacy breach to be concerning,” said Scott Carbee, chief information security officer for the state. He noted that the state uses “hundreds of software systems.” “While the scope of the breaches can be mitigated, true prevention is a difficult task,” he wrote in an email to VTDigger.
Optum spokesperson Gwen Moore Holliday referred comments to the state, but said the company was “honored” to work with Vermont Health Connect “to support the health care needs of Vermont residents.”
Prail said the Agency of Human Services had no plans to halt its contract with the company. “I don’t have a complaint about Optum,” he said. “They took a really difficult-to-manage site and made it work pretty well.”
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Similarly, downloading movies from the Isaimini website is not safe. These websites leak movies and upload the latest content and this makes users download movies from these sites. However, doing piracy of the copyrighted content is illegal, and by visiting these sites and downloading movies from them, you are placing your devices at high risk, such that there are chances for your device to get hacked. With the movie download, people are just getting crazy to watch the movie. But, you must make sure that you watch movies in theatres or on official streaming platforms, and not on these illegal websites.
Is it right to download Tenet Movie from In the field?
People have also been searching for Tenet on Isaimini, the torrent website that leaks movies, and it is not safe to use. These websites leak movies and upload the latest content and this makes users download movies from these sites. However, doing piracy of the copyrighted content is illegal, and by visiting these sites and downloading movies from them, you are placing your devices at high risk, such that there are chances for your device to get hacked. So, kindly avoid using these websites to stream movies and series. The Movies in these websites are available in different resolutions and different sizes.
The Trailer of the most prominent Tenet, has been released. Did you fail to watch the Tenet Trailer? Don’t worry here we have uploaded the video. Scroll down to know more.
Impact of Downloading Movies from Torrent Websites
Most people are unaware of the impact of downloading movies via Torrent Websites. By accessing Torrent websites and downloading movies in them, you are placing your device at high risk, giving it a chance to get hacked. Also, searching for these websites would also create complexity in your device, resulting in privacy threats too. By downloading movies via such websites, you give access to your device, where your files and other data which you have on your device can be acquired very easily. So, kindly make sure that you don’t access these websites and keep your device data safe. Hope this article was useful for you!
About Isaimini 2021
Piracy sites like Isaimini have been affecting the box-office collection of movies across the world by providing the copyrighted content online for free download before the movies could even release. This leads to a decrease in the number of audiences that go to theatres to watch the latest films. Isaimini songs started to leak content, especially from the Tamil film industry, for a long time now. The website users to download a huge collection of pirated movies for free. The latest Tamil movies and other South language movies such as Malayalam and Telugu will be available. These movies are uploaded as soon as they hit the theatres or sometimes before their release.
Isaimini in India
Doing Movie piracy is considered illegal in India, and many countries. The Indian government has banned such sites as Isaimini, 123movies, and TamilRockers. But the government’s every effort has failed to stop film leakage on such websites. Isaimini’s online website continues to gradually change its domain extension from.com to.uz to tackle the bans around the world and leaks a lot of movies.
Let’s check which movie is added to the piracy list. The piracy websites are the one which illegally leaks the movies immediately after its official release.
Can I download songs on Isaimini?
This piracy website Isaimini has an extension where it leaks to users for free download of famous songs online. Tamil language songs are mainly leaked but the site also holds the popularity of providing users with Bollywood hits. The Isaimini has provided easy access for the user to download such hit tracks on their website.
What does Isaimini Tamil Movies Download provide?
Isaimini Tamil movies download piracy website provides a section to movie downloads specifically for mobile phones in lower qualities. There are a few popular TV shows like Game of Thrones available in this section, amongst others. Apart from Tamil movies, this notorious online portal gives its users access to a larger section of movies that are in English. Isaimini Movie download allows visitors to search and download copyrighted material that is illegal with the help of magnet Isaimini links and torrent files, which facilitates peer-to-peer sharing. In India, ISPs were directed to obstruct Website illegal entry. Isaimini website continues operation by switching to a series of new web addresses. Isaimini songs provide Tamil HD Movies Download, Telugu HD Movies Download, Malayalam HD Movies download, Kannada HD Movies Download, Hindi HD Movies download links with subtitles.
Illegal websites come into the picture once any movies, web series are released. The illegal websites illegally leak the copyrighted content on their website. Some movies can be watched in the theatre because the theatre experience may make the movie even more interesting. But the Illegal websites do content piracy and leak movies. Because of illegal websites, there will be a huge loss in the film industry. The illegal website does the piracy of the copyrighted content and leaks the movies on its website. Doing piracy is illegal and illegal websites often leak movies, web series.
India – Isaimini
The Indian government has banned several piracy websites like Isaimini. But, the Indian government failed to stop the leak of movies on such websites. Isaimini online website keeps gradually changing its domain extension from .com to .uz and more and continues leaking a lot of movies. Isaimini has been leaking content in the name of Moviesda which is owned by the isaimini 2019 tamil movies site.
How soon does Isaimini release a new movie?
Isaimini the illegal website releases old as well as new movies on its website. When a new movie is released in the theatre, this illegal website does piracy the movie and uploads it on its website. Users can get the latest movie download links from Isaimini illegal website very quickly once the latest movie is released. Streaming or downloading movies from illegal websites like Isaimini, FMovies, Filmywap is a crime. So we suggest not to watch or download movies from these kinds of illegal websites.
Does Isaimini provide songs download?
This piracy site has an extension where it leaks to users for free download of popular songs online. Tamil language songs are mostly leaked, but the site also carries the reputation of providing users with Bollywood hits. The portal has made it easy for the users to access these hit tracks to their website.
How to Download Isaimini App?
If you don’t feel comfortable downloading a movie from your desktop using Isaimini App, it has another option to do so. In addition to the Isaimini com website, the site’s developers have released their app, which is no longer available on the Google Play Store. Isaimini or Movie Rulz is a free film that downloads an Isaimini app that serves millions. Isaimini App is user friendly when it comes to its designing component. It’s gorgeously separated in all groups. When Isaimini comes to streaming or uploading Tamil, Telugu, Malayalam, Hindi and English movies, web series, TV shows, desi drama or documentaries, Isaimini is said to be the undisputed rulers.
Isaimini app is available for Smart TV, PC, Android, and iOS, according to reports, so you can enjoy it on the preferred medium. It should be noted that Movie rulz App can not be downloaded from an official source such as the Google Play Store before it is legal. So, you can download the application from your phones using third-party sources such as Hindi Links 4u.
Be sure to use Wifi when using this Isaimini app, because it consumes a lot of internet data. Isaimini is a free film app that allows you to watch content without spending data and so you don’t have those irritating cuts that happen when the link speed isn’t very good.
Is Isaimini safe to download or stream movies online?
As we all know, it is illegal to browse pirated sites. So there is no way to assure that Hdmoviesplus is safe. First of all this site is illegal, so that in many criminal cases we can get stuck. The government has confirmed that it will prosecute and jail for 6 months if anyone is found when surfing the pirated web. In addition, these sites’ servers are fully embedded with viruses and malware that can completely destroy your device system interface, or may also hack your device. When watching movies on sites like Isaimini there are other things to worry about. Sites like fmovies, 0123movies, Isaimini earn money by posting advertisements on their sites. These ads, popups, and redirects can take you to sites that contain malware, malware, adware, and viruses of various kinds.
How Isaimini has become so popular?
You may have visited hundreds of free download movies websites, but have you ever visited Isaimini com? It could be an unauthorized platform, but it never loses the trust of millions of users. The reason it got very popular among the masses is that it provides all the movies in different formats ranging from 360p, 420p, 780p, and 1080p. According to the memory space you have left on your computer, you can choose to download the file. The website shows how much size it takes to get it downloaded in a specific format. If you are downloading a movie from Isaimini com, it is highly recommended to opt for the 420p or 300 MB size option.
Isaimini website is very well built and has options for accessing any and all categories of downloading all the movies. Searching for Tamil Dubbed Movies, Hollywood Movies, Bollywood Movies, Isaimini HD Movies, and more, you will find no difficulty.
Is it Illegal to watch or download movies, web-series, TV Serials, OTT Movies, OTT web-series online from Isaimini?
Isaimini is a website publishing pirated movies, TV serials, web-series, OTT original web series, OTT original movies. Since it is pirated content, the law prohibits a person from visiting such websites. Each country has its own control mechanism to avoid such websites from loading in their countries. If we visit such websites through illegal means, then it is considered an offence. Each country has its own laws and punishments for people watching copyrighted work on pirated sites. In most countries, a heavy fine is imposed for users watching copyrighted content from the pirated website. Despite the heavy fine, some country has laws that can even arrest a person for watching illegal/prohibited content online. So, please read the cyber law in your region and try to stay safe.
Tenet Movie Download Related Searches
Deciphering the Gaps: Health Officer, Latinx Providers Talk COVID Disparities | Lost Coast Outpost
an effort to address persistent disparities in COVID-19’s impacts
on the local Latinx community, Humboldt County Public Health Officer
Ian Hoffman recently met with LatinoNet, a network of service
providers like Open Door Community Health Clinics, Paso a Paso,
Promotores, the Humboldt County Office of Education and Public Health
that are dedicated to advocating for a healthier Latinx community in
meeting, Hoffman’s first public discussion with the providers,
focused on what can be done to address the disparities — which
exist both in COVID-19 case rates and vaccination efforts and mirror
statewide and national trends — in the county’s Latinx
July, Humboldt County’s COVID-19 dashboard highlighted the
disproportionate COVID-19 case rates in the local Latinx and Hispanic
communities, noting they accounted for 22 percent of COVID-19 cases
while only making up 12 percent of the population. The disparity has
only grown since and as of April 9, Humboldt County Latinx residents
made up 25 percent of positive COVID-19 cases to date.
vaccine data, meanwhile, has seen a similar trend, with Latinx county
residents falling behind on receiving their COVID-19 shots. According
to the Public Health dashboard, only about 10 percent of Humboldt’s
Latinx and Hispanic population are fully vaccinated, compared to 19
percent of the general population.
know that there is a disproportionate effect of COVID-19 in this
community and that’s why, from our standpoint in Public Health, and
also personally, as a physician taking care of this community for a
long time, it’s important that we address this,” Hoffman said.
Weiss, a Public Health deputy branch director who also attended
Friday’s meeting, said LatinoNet invited Hoffman to speak with the
group and offer an update on the pandemic and Public Health’s
efforts to provide equitable vaccine clinics. But Hoffman said the
meeting was also an opportunity for him to hear from the providers
about what barriers and gaps in care and outreach they were seeing.
began his presentation talking about his background working with
different Latinx communities in Santa Rosa and the Bay Area with
organizations like La Clinica de la Raza in Oakland and Kaiser
Permanente in San Francisco. He said he learned to give culturally
sensitive care to members of the Latinx, Spanish-speaking community,
which he said would transfer into a better understanding of how
Public Health approaches culturally competent health policies.
talked about Public Health’s rollout of COVID-19 vaccine clinics,
acknowledging the signup process has been confusing at times, with a
shortfall of vaccine doses, exceedingly high demand and eligibility
limitations. But Hoffman said Public Health’s goal is to ensure
vaccine equitability among those in the Latinx community and
guarantee that any Latinx resident seeking a COVID-19 vaccine feels
comfortable and confident before, during and after their appointment.
taken some steps at Public Health to make sure that when a
Spanish-speaking person needs a vaccine, that they feel comfortable
and confident that their needs will be met and, most importantly,
[provide] Spanish-language information,” Hoffman said.
Health is working on a few new interventions, including sponsoring
California Department of Public Health’s “Let’s Get to
ImmUnity” integrated media campaign with both English and Spanish
ads on GFN channel 3, as well as planned mass vaccination
events in more rural areas of the county with the help from Open
now that eligibility is open to all residents age 16 and older,
Hoffman emphasized the importance of organizations serving the Latinx
community helping to spread information on the vaccine rollout and
the switch to the state’s My Turn website (www.myturn.ca.gov). But
the message Hoffman kept repeating was that the county’s Joint
Information Center (441-5000) is standing by and ready to take any
questions, including those in Spanish, about the vaccine and
the meeting, however, it became clear there may be a disconnect
between county Public Health and service providers looking to direct
clients and patients to accurate information about COVID-19 and
vaccines in Spanish.
continue to hear that there’s not clear and correct information in
Spanish that people know where to access,” LatinoNet board member
Michelle Postman said, alluding to a survey by Jorge Matias, another
LatinoNet board member, that found most Spanish-speaking local
residents didn’t know where to go for accurate COVID-19
information. “I feel like we try and we don’t think that we’re
doing that but we don’t know where the gap is, and I also know that
Public Health is really stretched, there’s only so much we can do,
and so I’m just curious if there’s one thing, one magical thing
that can happen. Would it be like showcasing Latin[x] leaders in the
community on commercials like, ‘Hey I’ve got my shot and this is
working,’ or would it be to have a website? What would be the
magical thing that you might spend time on to make things better if
we had the capacity?”
comments led to a discussion about the best way to get information to
the Spanish-speaking Latinx community, prompting Hoffman to stress
that the JIC is dedicated to putting out a clear, conscious message
in English and Spanish.
of the materials on [the JIC website, social media pages] have been
vetted by Spanish speakers,” he said. “They’re scientifically
accurate. They try to meet the cultural sensitivity that we talked
about, as well. I would say that if we’re going to put anything out
there, that’s the central message.”
urged the groups at the meeting to use the resources on the Humboldt
Health alert website and promoted by the Joint Information Center and
push them out to the Spanish-speaking community. And if there’s one
phone number the groups get to their clients in the coming weeks, he
said it should be the JIC’s: 441-5000.
an email sent to the Journal,
Matias, in his
capacity as a LatinoNet board member, said his survey found most
Latinx and Hispanic residents didn’t feel they had clear and
correct information in Spanish about who can and can’t obtain the
COVID-19 vaccine and that they felt they didn’t have a specified
place to call to find more information in their language. Many,
Matias said, didn’t feel had enough information about how effective
people, Matias added, are afraid of costs, side effects and needing
more medical interventions due to possible side effects, while others
worry they aren’t eligible to receive the vaccine because of their
documentation status. But Hoffman confirmed during the meeting that
the only documentation those seeking a vaccine will need is any type
of form with a name that matches the name on the appointment or a
parental consent form for those 16 and 17 years old.
Hoffman added, are the types of questions that could be answered by
county JIC has been actively translating information into Spanish,
including uploading social media posts in Spanish, but it seems they
have yet to amplify those messages to community providers and
advocacy groups in an effort to get that information to community
members who may not follow county social media accounts or can’t
navigate the county’s website.
also told the Journalthat there’s a lot of information that spreads through social media
that confuses Latinx and Hispanic residents, including misinformation
and conspiracy theories, which was addressed during the meeting
between LatinoNet and Hoffman.
Public Health hears of any misinformation or any disinformation
spreading throughout the community, Hoffman said it would address it
and correct it immediately. But he also cautioned there’s a balance
between correcting and amplifying.
then asked attendees about the types of misinformation they were
hearing and someone mentioned a conspiracy theory about the COVID-19
vaccine causing future fertility issues.
one of the biggest pieces of misinformation that’s got a stronghold
in a lot of communities,” Hoffman said. “There’s absolutely no
evidence that this vaccine has any effect on fertility.”
there have been reports of vaccine hesitancy in communities of color
because of historical acts of genocide in healthcare settings, which
was also mentioned by attendee Maria Ortega.
feel like all of these organizations and clinics and community
organizations have a responsibility to be sensitive about that
(fertility) issue and not dismiss anybody, because they’re valid
concerns, especially historically and worldwide there’s been actual
efforts to change communities of color and their population impacts,”
Ortega said. “Just be mindful about where they’re coming
agreed with Ortega about being mindful and understanding of where
those concerns take root, noting the importance of recognizing the
impact of historical events and communities’ lived experiences in
providing culturally sensitive care.
are difficult things to navigate exactly, and I think if those are
the barriers that we’re really seeing out there, they need to be
addressed, obviously,” Hoffman said. “But I’m not sure at this
point exactly what all the barriers are … My hope is that, mostly,
that gap is because of eligibility and lack of vaccine and that, as
we open it up more broadly like we are doing right now, and we have
that language ability … that we get those messages out there.”
reasons for the gaps in vaccine administration and infection rates
may become more clear as the county moves into the expanded phase of
its vaccination rollout but, presently, Hoffman urged providers and
their clients and patients to look to the JIC for Spanish-language
information about the COVID-19 virus and vaccines.
you so much for inviting me and talking with me,” Hoffman said in
Spanish, wrapping up the meeting. “I hope that we can do this again
Casarez (she/her) is a staff writer with the Journal.
Reach her at 442-1400, extension 317, or
Follow her on Twitter @IridianCasarez.
Community Voices Coalition is a project funded by Humboldt Area
Foundation and Wild Rivers Community Foundation to support local
journalism. This story was produced by the North
with full editorial independence and control.
Vermont Health Connect had 10 data breaches last winter
Tenet Movie Download In Isaimini, Tenet Movie Download Trends on Google
Deciphering the Gaps: Health Officer, Latinx Providers Talk COVID Disparities | Lost Coast Outpost
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