Technology

CWI Cherokee LF LLC Successfully Completes Bankruptcy with Full Recovery for Creditors

Published

1 day ago

September 25, 2024

ATLANTA, Sept. 25, 2024 /PRNewswire/ — CWI Cherokee LF LLC (“CWI”) is pleased to announce the successful resolution of its Chapter 11 bankruptcy, including full recovery for its secured and unsecured creditors. On August 15, 2024, the United States Bankruptcy Court for the Northern District of Georgia, Atlanta Division, confirmed CWI’s Bankruptcy Reorganization Plan. With the expiration of the official appeal period, the plan is now finalized. Notably, all secured and unsecured creditors have been paid in full – an outcome that is almost unheard of in the context of Chapter 11 bankruptcy.

Rejection of leachate while reaping the financial rewards from a landfill is an unsustainable nationwide challenge.

On March 7, 2023, CWI, the operator of the Cherokee Landfill (Cherokee, AL), Shoals MSW Transfer Station (Tuscumbia, AL), and Huntsville Transfer Station (Madison, AL), filed for Chapter 11 reorganization to protect its assets and address creditors’ claims after the landfill was temporarily closed due to leachate levels.

Leachate disposal is a critical aspect of landfill operations. The landfill project was financially impaired when local wastewater treatment plants would not accept Cherokee’s leachate for treatment due to unregulated low level PFAS constituents. CWI could not secure any disposal options with other publicly owned treatment works and was relegated to shipping the leachate over 135 miles for final treatment.

In October 2023, as part of the bankruptcy proceeding, CWI sold its leasehold interest in the Cherokee Landfill and Shoals MSW Transfer Station to Tri Cities Solid Waste Disposal Authority. The transaction was valued at over $28 million.

Separately, Steve Witmer, principal owner of CWI, sold his Huntsville Transfer Station to Evergreen Environmental Partners. The two transactions combined enabled CWI to proceed with its reorganization plan that paid its creditors 100%.

Witmer, a 30-year waste industry veteran, concluded, “Leachate treatment at local wastewater plants is essential, especially when the host community significantly benefits from the landfill through lower disposal costs and tonnage royalties. Refusing to treat leachate while reaping the financial rewards from a landfill is unsustainable and ultimately jeopardized the Cherokee project. This issue is a nationwide challenge for landfills, and I am committed to helping the waste industry reshape the national conversation, which has so far been disingenuous and unfair to an industry that provides critical infrastructure for our citizens, businesses, and industries”.

This remarkable result is a testament to the diligence and commitment of everyone involved in the bankruptcy process. Such a comprehensive resolution speaks volumes about the strength and integrity of the reorganization, setting a new standard for how bankruptcies of this nature can be resolved.

B. Riley Securities acted as financial advisor to the Debtor.

For further information, please contact Steve Witmer at switmer@cwienterprises.com.

View original content:https://www.prnewswire.com/news-releases/cwi-cherokee-lf-llc-successfully-completes-bankruptcy-with-full-recovery-for-creditors-302257750.html

SOURCE CWI CHEROKEE LF LLC

Technology

RockItCoin Launches Operations in Australia, Expanding Global Footprint

Published

58 mins ago

September 27, 2024

SYDNEY, Sept. 27, 2024 /PRNewswire/ — Leading Bitcoin ATM operator and fintech company RockItCoin is expanding its global footprint with its launch in Australia. This strategic rollout will place RockItCoin Bitcoin ATMs in high-traffic areas across the country, offering both locals and visitors convenient access to cryptocurrency transactions.

With a strong track record in the U.S. and worldwide, RockItCoin is meeting the rising demand for fast, secure, and convenient cryptocurrency access. This latest expansion reinforces the company’s commitment to making crypto more accessible to all, no matter where they are in the world.

“We’re incredibly excited to bring RockItCoin to Australia, a market that’s primed for growth in the digital currency space,” said Michael Dalesandro, CEO of RockItCoin. “Our mission is to provide simple, secure solutions for anyone looking to buy or sell cryptocurrency, and Australia is a key part of our ongoing international expansion.”

By placing these new ATMs, RockItCoin will provide everyday Australians with a reliable and efficient way to engage with the growing cryptocurrency ecosystem. As one of the fastest-growing digital financial service providers, RockItCoin continues to deliver on its promise of making cryptocurrency easy to access worldwide.

About RockItCoin

Founded in 2015 by Michael Dalesandro, RockItCoin is a crypto blockchain company and Inc. 5000 honoree based in the United States and headquartered in Chicago, IL. RockItCoin has a nationwide network of crypto ATMs with over 2,000 locations in 48 States and 16,000 retail deposit locations, providing consumers with the safest and fastest way to buy or sell cryptocurrencies. For more information, please visit https://www.rockitcoin.com and join the conversation on Facebook, X (formerly Twitter), Instagram, and LinkedIn.

CONTACT:
Jarryd Baynes
jarryd@rockitcoin.com

Logo – https://mma.prnewswire.com/media/2059643/RockItCoin_Logo.jpg

View original content:https://www.prnewswire.com/apac/news-releases/rockitcoin-launches-operations-in-australia-expanding-global-footprint-302260472.html

SOURCE RockItCoin

Technology

Relativity Spotlights Legal Industry Leaders at the 2024 Innovation Awards

Published

2 hours ago

September 26, 2024

Relativity’s annual Innovation Awards recognize the change agents of its user community

CHICAGO, Sept. 26, 2024 /CNW/ — Relativity, a global legal technology company, today announced the winners of this year’s Innovation Awards at Relativity Fest. The Innovation Awards celebrate the trailblazing individuals and teams building custom solutions, empowering their peers and forging new paths to improve the legal industry and its communities.

“Another year of the Innovation Awards signals another opportunity to celebrate our community’s dedication to making a positive impact– whether that be through developing new solutions, providing excellent customer service, or elevating and advocating for their peers in the legal industry,” said Laurie Usewicz, Chief Partner Officer at Relativity. “This year’s winners exemplify the impassioned and innovative spirit that makes the future of our industry a bright one.”

The winners hail from, or work directly with law firms, financial institutions and consultant management companies large and small, private and public. Through a combined process of a judging committee and a community vote, Best Innovation winners are selected based on how they’ve leveraged the Relativity application programming interfaces in creative ways to solve Relativity’s customers’ most unique challenges.

In addition to the standard six individual and two Best Innovation awards, a new Best Innovation category was added for this year, Developer Partner. This award recognizes solutions created by Relativity’s independent software vendor (ISV) community that are offered directly to customers. Eligibility is restricted to solutions that are not owned by an Enterprise or Solution, Advisor, or Provider Partner.

The 2024 Innovation Awards winners are:

Artificial Intelligence: Ben Sexton, Vice President, JND eDiscoveryCustomer Experience: Jenna Rooney, Director, Client Services, Arete Incident ResponseEducation & Mentorship: Deedra Smith, Managing Director, FTI ConsultingInclusion: Vazantha Meyers, Vice President, Discovery Services, Haystack IDSecurity: Jenna Rooney, Director, Client Services, Arete Incident Response Stellar Women: Stephanie L. Goutos, Lead Practice Innovation Attorney, Gunderson DettmerBest Innovation: Developer Partner: Redaction Suggestions in Blackout by MilyliBest Innovation: Enterprise: Flywheel by Troutman Pepper eMergeBest Innovation: Partner: GenAI Toolbox by EY Switzerland

Each of the award winners above exemplify what it means to be a changemaker at the individual, organizational and industry levels. All award winners are determined by a combination of Relativity judging committees unique to each category and a community vote.

Relativity congratulates all submissions for the innovative work delivered this past year.

About Relativity
Relativity makes software to help users organize data, discover the truth and act on it. Its SaaS product, RelativityOne, manages large volumes of data and quickly identifies key issues during litigation and internal investigations. Relativity has more than 300,000 users in approximately 40 countries serving thousands of organizations globally primarily in legal, financial services and government sectors, including the U.S. Department of Justice and 198 of the Am Law 200. Please contact Relativity at sales@relativity.com or visit www.relativity.com for more information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/relativity-spotlights-legal-industry-leaders-at-the-2024-innovation-awards-302257604.html

SOURCE Relativity

Technology

UniFab Launches Anime AI Model: Empowering Anime Content Creation

Published

2 hours ago

September 26, 2024

HONG KONG, Sept. 27, 2024 /PRNewswire/ — UniFab, a global leader in intelligent video editing, officially launches its latest anime AI model, designed to enhance anime video quality and redefine the anime content creation process.

The UniFab anime AI model leverages advanced deep learning and computer vision to automatically recognize and optimize uploaded materials, producing smooth, high-quality animations. It enables users to easily enhance old, low-resolution anime videos, offering a revolutionary solution for content creators and fans.

Key Features:

Quality Enhancement: Supports upgrades video resolution to 1080P and 4K, significantly enhancing clarity and detail.

Colorization and Detail Restoration: Enhances line definition, texture clarity, and color accuracy, restoring artistic styles and character details with precision.

Effortless Operation: The user interface is intuitive, and the operation process is straightforward. Users can simply upload videos and follow a few steps.

Multi-Function Video Editing: Offers editing features such as trimming, merging, and audio processing, enabling users to easily create personalized video content.

The UniFab anime AI simplifies the traditionally complex enhancement process, enabling both beginners and experienced professionals to quickly create stunning works with this innovative tool. This AI model is now officially available, further strengthening UniFab’s leadership in content creation technology.

About UniFab

This AI video enhancer software features a comprehensive suite of AI-powered tools for video and audio editing, delivering versatile capabilities and outstanding results in quality enhancement.

Video Upscaler AI: Boosts video resolution to 4K, restoring details for a clearer viewing experience.

HDR Upconverter AI: Converts videos from SDR to HDR10/Dolby Vision, delivering richer and more realistic colors.

Denoise AI: Eliminates noise and grain caused by various factors, resulting in cleaner videos.

Deinterlace AI: Converts interlaced video signals to progressive, effectively reducing flicker and visual artifacts.

Smoother AI: Utilizes frame interpolation to increase video frame rates by AI, delivering smoother and more fluid motion.

Video background Remover AI: Supports replacing or removing unwanted background and objects in videos to highlight the subject.

Audio Upmix AI: Upscales audio tracks from videos to EAC3 5.1/DTS 7.1 surround sound for a cinematic listening experience.

The era of AI-powered video editing has arrived, and we invite all industry partners and users to join us in experiencing the ultimate audiovisual experience.

Contact Information:

Company Name: UniFab

Official Website: https://unifab.ai

JP: https://ja.unifab.ai/

FR: https://fr.unifab.ai/

DE: https://de.unifab.ai/

ZH: https://zh.unifab.ai/

View original content:https://www.prnewswire.com/apac/news-releases/unifab-launches-anime-ai-model-empowering-anime-content-creation-302259689.html

SOURCE UniFab Technology