BOSTON, April 10, 2025 /PRNewswire/ — Sinovac Biotech Ltd. (NASDAQ: SVA) shareholder Heng Ren Partners, LLC sent a letter on April 8, 2025, to Sinovac’s Board calling on the Board to disclose the record and payment dates of the special cash dividend announced on April 1, 2025.  More than a week after the dividend announcement, these simple and essential details oddly remain undisclosed.  Heng Ren previously sent the Board a letter on March 19, and received no response.  The April 8 letter urges Sinovac to pay an additional dividend of $41 per share, which would pay shareholders a total of $96 per share and leave Sinovac with more than $1.3 billion net cash on hand – an amount more than sufficient for Sinovac’s operating needs.  Heng Ren encourages like-minded shareholders to visit https://www.hengreninvestment.com/sinovac-fairness/ and contact Sinovac directly.

The full text of the letter follows:

April 8, 2025

Dear Board of Directors:

I write on behalf of Heng Ren regarding our March 19, 2025 Shareholder Demand for Cash Distribution and Inspection of Books and Records (the “Shareholder Demand“) and the Company’s press release dated April 1, 2025 (the “Press Release“), in which the Board announced a special cash dividend of US$55.00 per common share (the “Dividend“).1  Specifically, the Press Release stated that the Board expects to “fund the Dividend from available cash resources of the Company and its subsidiaries, including prior distributions from Sinovac Life Sciences Co., Ltd. and other operating subsidiaries of the Company.”  Heng Ren also notes that the Board announced that the “Dividend is intended to provide [Company] shareholders with their appropriate share of these prior distributions from the Company’s subsidiaries.”

Heng Ren is encouraged that the Board has announced the Dividend, which is consistent with its fiduciary obligations to allow shareholders finally to receive some benefit of their investment in Sinovac.  But more is required.  In order to increase transparency and trust, and ensure that Sinovac shareholders receive the benefit of their investment, the Board must immediately disclose the exact timing of the record and payment dates, and mechanics for the payment of the announced Dividend. This disclosure is especially critical given that shareholders still are unable to trade their shares due to the continued trading halt on the Nasdaq. The Board should also provide an update this week on the status of the resumption of trading of Sinovac’s stock as it is of critical importance to all shareholders. 

Furthermore, even after paying the Dividend, the Company still will be holding more than $6.3 billion in net cash and cash equivalents.  We see no rational business reason for the Company to continue to sit on that much cash.  The time to distribute the cash is now.  Therefore, the Board must not only cause the Company to pay the Dividend, but also cause the Company to pay an additional special dividend of $41 per share.  Such a dividend payment would leave the Company with more than $1.3 billion net cash on hand, an amount well above its operating needs. 

The issue of excess cash and its distribution is not only a matter of interest to shareholders like us. It also is of interest to the U.S. Securities and Exchange Commission (SEC).  As Heng Ren referenced in its letter dated March 19, 2025, in the correspondence from the SEC’s Division of Corporate Finance to Sinovac dated June 26, 2023, the SEC specifically asked the Company to describe “any restrictions and limitations on [its] ability to distribute earnings from the [C]ompany . . . to U.S. investors.”  In response, Sinovac did not identify any limitations on its ability to make distributions to investors, but simply stated it had no intention of distributing dividends in the near future.  At that time, the Company was sitting on more than $10.0 billion in net cash or cash equivalents.  This action (or inaction) precluded Sinovac’s shareholders from benefiting from the billions of dollars in cash that their investment had created.

Without a clear timeline on the payment of the announced $55 cash dividend, and Sinovac’s problem of excess cash still unaddressed, from a shareholders’ perspective the situation hasn’t changed since 2023 when the SEC sent its inquiry to Sinovac.

As demonstrated by the Company’s June 30, 2024 financial report, Sinovac’s cash on hand – without any revenue or operating cash flow, and after distribution of the $55 cash dividend –would finance nearly nine years of capital expenditures.

Sinovac can responsibly distribute not only the $55 cash dividend, but an additional special dividend of $41 per share.  The board and shareholders all should be aligned and in agreement for the distributions. These distributions pale in comparison to the opportunity cost of Sinovac’s shares being halted from trading when the Company’s value peaked in 2021. Long-oppressed shareholders now are entitled to receive this cash.

Heng Ren reiterates its previous demand to inspect and to make copies or extracts from, the books and records set forth in Section II.C (Parts 1-9) of its Shareholder Demand.

About Heng Ren:

Heng Ren Partners is a Boston-based asset management firm investing in Chinese companies.  Ropes & Gray LLP is serving as its legal counsel.


     Any shareholder may obtain additional information or contact Heng Ren     

at https://www.hengreninvestment.com and click “Sinovac Fairness.”

1 Capitalized terms undefined herein shall have the same meanings ascribed to them in the Shareholder Demand.

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SOURCE Heng Ren Partners

By Kim Borges

Walking into a large room where you don’t know a soul can be intimidating.

Brianna Hintz has been pushing past those fears a lot lately.

“I’ve been working to get myself out of my comfort zone,” she said.

So, when Hintz uncovered a way to meet 150 women in less than three hours, she was all in.

The opportunity? Mentoring Monday, an annual speed networking event for female professionals. There are 40 Mentoring Monday events hosted nationwide by The Business Journals bringing women together to network, connect and inspire.

Hintz attended the Houston Business Journal’s twelfth annual Mentoring Monday in February which connected 115 mentees with 36 mentors.

Regions Commercial Banking executive and Greater Houston market executive Caroline Vérot Moore served as a mentor.

“This is the second time I’ve participated,” said Vérot Moore. “I’ve had a lot of mentors in my career, so for me, this event offers a chance to give back to the community.”

Hintz, who moved to the Bayou City in January after graduating from the University of Minnesota and accepting a Marketing and Communications specialist role with a national crane rental company, wasn’t exactly sure what Mentoring Monday would resemble.

“I initially didn’t have many expectations,” she said. “But when the bell started ringing, I got a little bit nervous.”

And then, reassurance when Hintz saw Vérot Moore.

“I scanned the room for smiling faces and went to her because she seemed very friendly and open,” she said.

For the next seven minutes, Hintz, a fellow mentee and Vérot Moore discussed the challenges of juggling professional and personal responsibilities.

My main takeaway was the realization balancing family and progressing in your career is doable.

Brianna Hintz

“My main takeaway was the realization balancing family and progressing in your career is doable,” Hintz said. “To see someone in a leadership role who has lived that was really inspiring for me. She’s awesome.”

Dr. Manahil Riaz, a licensed professional counselor and practice owner, had a better idea what to expect her second time as a mentee.

What drew her back for year two?

“Being a woman in business can very lonely,” she said. “This event really helped me understand I’m not alone. It’s important for us to have a community.”

Riaz, a Regions client, especially enjoyed connecting with Vérot Moore.

“My business partner and I have a business account with the bank and we’re so grateful for Regions,” Riaz said. “Caroline is so interesting, and her background growing up in France is fascinating. I moved here from Pakistan when I was seven, so we talked about changing languages.”

The two also covered additional ground during their whirlwind conversation.

“I asked Caroline, ‘Who are your mentors? Who did you look up to?’” said Riaz. “I like to know the people I admire also have people they admire. I want to know who their guiding lights are.”

“It fills my cup to know there are other successful women in the room and I get to be in the same room with them.”

Dr. Manahil Riaz

During her conversations, Vérot Moore shared the impact mentoring has made with her career. And she also shared another insight.

“I think sponsorship is equally important,” she said. “It’s having someone in your company who knows what you’ve done and can throw your hat into the ring when promotions are being discussed. Having a sponsor when you’re not in the room and those conversations happen matters. It’s our responsibility as women in leadership to help other women become leaders.”

Hintz left Mentoring Monday with a stack of business cards – plus something more.

“It reinstilled my confidence in stepping outside my comfort zone,” she said. “Everyone is human, everyone is excited to share about their experience. You can learn something from everyone and everything.”

Riaz also had valuable takeaways.

“It fills my cup to know there are other successful women in the room and I get to be in the same room with them,” she said. “I look to these mentors, and they tell me it’s going to get easier. They also said, ‘One day, you’ll be sharing your stories with others.’ Anything that can bring women together to talk about hardships is a wonderful thing.”

“You know you already have one thing in common because you want to give back.”

Caroline Vérot Moore, Regions Commercial Banking executive and Greater Houston market executive

And if you think those seeking advice were the only ones who benefitted from Mentoring Monday?

Vérot Moore would be the first to tell you that’s not the case.

“The mentors get as much out of it as the mentees,” she said. “I was able to make new connections in the community, which is always beneficial. We’re all there for the same purpose. You know you already have one thing in common because you want to give back.”

Mentoring Monday in Austin

Regions Commercial Banking leader and Austin market executive Stephanie Perryman also participated in Mentoring Monday. It was her second time serving as a mentor. What did Perryman’s experience resemble?

“The energy in the room was undeniable,” she said. “It’s the kind of electric buzz that comes from being in a space where knowledge, encouragement and real talk are exchanged freely.”

While Perryman had many insightful conversations, one especially stood out.

“I visited with a mentee who has the desire to launch her own company after working many years in the corporate sector,” said Perryman. “Transitioning from the structure and predictability she’s known to the unknown is both thrilling and daunting. We talked through the barriers she perceived were limiting her from making the leap to launch. We also discussed ways she can leverage people in her network to build her own personal board of directors and the importance of varying revenue streams with her business.”

“Every time I step into a mentoring role, I walk away with a fresh perspective, deeper understanding and a renewed sense of purpose. The exchange itself is a gift.”

Stephanie Perryman, Regions Commercial Banking leader and Austin market executive

Like Vérot Moore, Perryman sees value for both mentor and mentee from Mentoring Monday.

“Mentoring isn’t just about giving – it’s also about receiving,” Perryman said. “Every time I step into a mentoring role, I walk away with a fresh perspective, deeper understanding and a renewed sense of purpose. The exchange itself is a gift.”

Originally published on April 10, 2025 on Sysco.com

HOUSTON, April 10, 2025 /3BL/ – Sysco Corporation, the world’s largest food distributor, and NextEra Energy Resources, LLC, one of the country’s largest energy infrastructure developers, celebrated the groundbreaking of the Rumble Solar Energy Center in Oklahoma. Once operational, Rumble Solar, LLC, a subsidiary of NextEra Energy Resources, will generate approximately $32 million in additional tax revenue over 30 years for the community.

The project represents a potential $334 million investment in the local community and will generate 250-megawatts of renewable energy, making it one of the largest solar sites serving the food service industry. The energy generated equals 75% of Sysco’s national power usage including 100% of Sysco Oklahoma’s total electric load. Rumble Solar will create approximately 300 jobs at the peak of construction, bringing increased activity and revenue to the local area, highlighting the project’s significant investment in Oklahoma’s energy infrastructure.

“This is another example of our commitment to operating in a manner that is responsive to the expectations of the communities and customers we serve while also fulfilling our own business goals,” said Sysco Chief Merchandising Officer and Senior Vice President Victoria Gutierrez. This project ticks several of our goals by decreasing our emissions each year by 16%, while also creating additional jobs and increasing tax revenue for a community we serve,” Gutierrez added.

Sysco’s climate goal aims to lower Scope 1 and 2 emissions by 27.5% by 2030. An important element of reaching this goal includes sourcing 100% renewable electricity for the company’s global operations by 2030. The company will reduce its Scope 2 emissions and decrease electricity costs for the company as we transform into both a seller and buyer of power.

“We’re excited to continue working alongside Sysco and helping them reach their sustainability goals,” said Anthony Pedroni, vice president of development at NextEra Energy Resources. “Once operational, Rumble Solar will deliver immense benefits not only to Sysco, but to Grady County, the surrounding community, and the state of Oklahoma.

The Rumble Solar Energy Center is NextEra Energy Resources’ second solar project to begin construction in Oklahoma and is expected to be operational by the end of 2026. The company’s subsidiaries currently operate 19 wind energy facilities and three battery energy storage facilities in the state.

During the event, Sysco Corporation and Rumble Solar presented $10,000 donations to the Regional Food Bank of Oklahoma and Minco Schools, respectively. The funds to Minco Schools will support the Agricultural Education and Family Consumer Sciences departments. The funds to the Regional Food Bank of Oklahoma will be allocated to their Backpack Program Initiative, which provides meals to children in need during the summer.

More information on Sysco’s sustainability commitments can be found in Sysco’s 2024 Sustainability Report.

About Sysco

Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 340 distribution centers, in over 10 countries, with 76,000 colleagues serving approximately 730,000 customer locations. The company generated sales of more than $78 billion in fiscal year 2024 that ended June 29, 2024.

As the world’s largest food-away-from-home distributor, Sysco offers customized supply chain solutions, bespoke specialty product offerings, and culinary support to drive customers to innovate and optimize their operations. We act as a trusted business partner to our customers, helping them grow through our industry-leading portfolio that includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions.

For more information, visit www.sysco.com. For important news and key information for Sysco investors, visit the Investor Relations section of the company’s website at investors.sysco.com.

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Pizza Hut

Did you know that nearly 75% of people in the U.S. have access to recycling used pizza boxes in their local community? However, a large part of the population isn’t aware of this very simple opportunity to reduce waste. We’ve been working with pizza box supplier Smurfit Westrock to find ways to educate and raise awareness about pizza box recycling in the communities we serve. Want to be part of the solution? Start by learning about your city’s recycling guidelines here: https://recycling.pizzahut.com/

Meet Becky Skinner, our very own Principal Scientists who is innovating with ThermaFiber® Mineral Wool to help provide sound control, energy conservation and more.

Thermafiber® has been innovating fire safety and building solutions for over 90 years. Our technical expertise has helped us develop safety systems like Owens Corning® Thermafiber® Perimeter Fire Containment Systems, which keep fire contained to the room of origin — allowing the people inside more time to get out, and firefighters more time to get in.

Hear about Becky’s experience in this week’s Innovation Spotlight, and tune in every week to hear from more of our talented Owens Corning innovators. 

Click here to learn more about ThermaFiber® Mineral Wool: https://bit.ly/4haK48X

The new attestation meets financial-level assurance standards and makes Deepki the world’s first sustainability platform to achieve this standard

PARIS, April 10, 2025 /PRNewswire/ — Deepki, the leading sustainability SaaS solution, announces today that it has successfully attained ISAE 3000 Type 2 attestation, reinforcing its standing as the most trusted sustainability platform in the industry. This marks another milestone in its commitment to providing audit-ready data at an enterprise level to customers. ISAE 3000 Type 2 attestation ensures that sustainability data is held to the same rigorous assurance standards as financial information, to guide strategic business decisions and comply with non-financial regulation, while providing reliable data-driven climate risk management. 

ISAE 3000 Type 2 attestation means that the data collected by Deepki has been processed according to the most stringent quality standard and meets audit requirements. Conducted by KPMG, the attestation goes beyond Type 1 by not only evaluating the design of Deepki’s controls but also verifying that they operate effectively throughout the year.

Setting the industry benchmark

Deepki is the only sustainability SaaS solution worldwide to have secured ISAE 3000 Type 2 attestation, establishing it as the gold standard for sustainability data management. Deepki chose to apply this financial-level standard to its processes due to the critical  importance placed on reliable sustainability data by clients, auditors, and investors. 

By meeting these high standards, commercial real estate investment management companies working with Deepki deliver audit-ready sustainability reporting, better business orientations, and reduced climate-related risks. They also save time and resources by reducing the need for additional quality checks and focusing on outcomes.

Vincent Bryant, CEO and Co-founder of Deepki, comments: “Unlike other companies that merely collect and report data without such a certification, commercial real estate actors leveraging ISAE3000 Type 2 with Deepki prove that their entire process – data extraction, validation and transformation – meets the highest international standards for quality and consistency.  They can now operate with even greater confidence, knowing that their sustainable system, powered by Deepki, is continuously being scrutinised and validated by a Big 4 auditor. This highest level of rigour delivers unmatched trust in sustainability data management and empowers organisations with the solutions they need to drive profitable sustainability actions.”

Deepki is the leading and most trusted sustainability SaaS solution in real estate.

www.deepki.com

Cision View original content:https://www.prnewswire.com/news-releases/deepki-achieves-isae-3000-type-2-attestation-302425944.html

SOURCE Deepki

Originally published in Lenovo’s 2023/24 ESG Report

Innovating for manufacturing sustainability

In FY 2023/24, Lenovo finalized and put into use an ESG management system called Lenovo ESG Navigator that helps monitor key ESG metrics in manufacturing. The innovative system offers near real-time insights on greenhouse gas emissions and energy use, replacing traditional manual management of ESG metrics with a flexible, transparent, and highly automated approach that captures data across the value chain from a single point of control, enabling more data-informed decisions in areas impacting sustainability performance.

Innovating to help customers meet sustainability goals

Lenovo is focused on providing products and services that help contribute to customers’ sustainability goals and a smarter future for all. Through focused initiatives at the product, packaging, and service level, Lenovo is innovating to improve the sustainability features of products and empower customers with options to consider sustainability through services.

Product and packaging innovations that focus on carbon impact

The latest generation of Lenovo Neptune™ liquid cooling technology is delivered in a broader range of ThinkSystem servers than prior generations, making its sustainability benefits available to more of Lenovo’s customers. Lenovo Neptune™ liquid cooling technology helps to optimize product performance by capturing up to 98 percent of the system heat and reducing power consumption by up to 40 percent.

In addition to product innovations in its servers, Lenovo takes a holistic look at customer experience and sustainability goals by improving packaging design across product offerings. The Infrastructure Solutions Group uses a rack integration method of shipping servers with pre-installed in racks, saving 105 pounds of cardboard per rack. Lenovo designs select PC packaging for it to be made from more sustainable materials like bamboo and sugar cane.

Empowering customers with more sustainable choices

Lenovo provides IT life cycle solutions such as Asset Recovery Services, CO2 offsetting capabilities, Reduced Carbon Transport options, and certified refurbished equipment. All of Lenovo’s products are offered as-a-service, a delivery model which can help optimize IT asset sustainability.

  • TruScale Everything-as-a-Service: Circular Economy is all about designing out waste from the value chain. TruScale ‘as a Service’ offerings optimize the process by leaving each stage of a product’s cycle in the hands of qualified professionals so a customer can focus on their productivity priorities. TruScale inserts predictability into lifecycle management, enabling companies to plan and help maximize the reuse or recovery of their technology.
  • Asset Recovery Service: This service helps mitigate the environmental and data security risks associated with end-of-life asset disposal while aiming to maximize the value potential of those assets, with the main goal to reutilize, recover, and in the end, recycle resources.
  • Reduced Carbon Transport: This new solution empowers Lenovo’s customers with transportation alternatives for IT purchases that generate lower carbon emissions, such as those that allow the purchase of Sustainable Aviation Fuel credits.

Innovative solutions for a circular economy

Lenovo’s vision to deliver Smarter Technology for All extends to its practices that include Smarter Circular Design, Smarter Circular Use, and Smarter Circular Return activities. In a circular economy, products are made, used, then returned, instead of being discarded and consigned to waste. In this model, value is extracted from a resource while in use. Then, at the end of its service life, the resource is recovered, refurbished, and redeployed. This drives greater resource productivity, aims to make businesses more competitive, and helps create new opportunities for growth. The demand for a more circular economy has given rise to the ‘as a service’ or usage models seen across many industries in which the users pay for only what they need when they need it, and return the assets or resources when they are finished.

Lenovo provides innovative solutions for its customers’ business needs that help reduce the volume of end-of-life electronic products that may otherwise, be discarded or consigned to waste. These solutions include:

  • Services that help keep products operating longer;
  • Services that help make infrastructure management easier;
  • Solutions to manage its customers’ products at the end of life to help maximize value and reuse opportunities.

Lenovo’s introduction of TruScale Device as a Service (TruScale DaaS) to the PC industry has helped enable organizations to maximize value throughout a product’s lifecycle and minimize raw material use and waste generation. TruScale DaaS is a usage model in which the consumer pays to use the device of their choice as they need it and has the option of pausing or returning the device when it is not in use. Along with the device, Lenovo offers a variety of services that aim to protect and support the asset during its lifecycle. When the device reaches the end of its service life, Lenovo will collect the device, wipe it clean of the customer’s data, and strive to recycle and re-purpose the device. This means the device can either be refurbished and reintroduced into a new working environment, or the device’s parts can be used to repair other devices under warranty.

Customers only pay for what they use, avoiding the heavy capital outlays of the ownership model, as well as escaping the burden and cost of disposal. These services are addressing the industry’s transformation to as-a-service and providing lifecycle value to Lenovo’s customers.

To help scale circular economy solutions in the IT industry, Lenovo has established a target to enable the recycling and reuse of 800 million pounds of end-of-life products by FY 2025/263. For more information see Section 9.0.

Read more

3 Cumulative total since 2005.

In support of Earth Month, employees from AEG’s LA Kings, the Anaheim Ducks, and Mercury Insurance, partnered with Ryan’s Recycling to help protect coastline communities in Long Beach, CA.

On April 8, 2025, 170 volunteers came together for the 4th annual Freeway Faceoff Beach Cleanup and picked up 422 pounds of trash, including plastic and glass bottles and aluminum cans, preventing harmful waste from polluting the ocean and endangering marine life. Through their hands-on conservation efforts, the LA Kings, continue to demonstrate their dedication to making a lasting positive impact in communities throughout Southern California.

“California is home to beautiful coastlines that support the local economies, protect marine life, and are enjoyed by residents and visitors alike,” said Gabe Gelbard, Manager, Community Relations, LA Kings. “Across the state, pollution is a major threat to our oceans and health. At the LA Kings, we believe that taking care of our environment is a responsibility we all share, and the Freeway Faceoff Beach Cleanup is a great example of how our employees, fans and partners can come together to ensure our state’s beaches are clean for future generations to enjoy.”

The Freeway Faceoff Beach Cleanup has become a meaningful tradition, uniting hockey fans and community members in support of a greener future. For the past few years, the LA Kings have partnered with Orange County, CA-based Ryan’s Recycling, which was founded in 2012 by fourteen-year-old Ryan Hickman, who started recycling at the age of three. Since then, Ryan has inspired thousands of kids to recycle in their own communities for a cleaner planet and today Ryan’s Recycling has collected over two million cans and bottles from beaches, protecting the ocean and keeping harmful pollution out of landfills.

See how the iconic candy brand plans to give back by sharing a little peace, love and vines

LA PORTE, Ind. , April 10, 2025 /PRNewswire/ — 

National Licorice Day History

RED VINES® Candy celebrates National Licorice Day by sharing a little peace, love and vines.

When the National Confectioners Association and Licorice International established National Licorice Day on April 12th, 2004, it was unlikely they could foresee the many, many ways this delicious day would be celebrated over the course of the next two decades.

Prior year celebrations included things like a 2017 “Made in California” tour, where a customized Red Vines VW bus made its way around California to deliver candy. In 2020, the brand launched a nationwide drawing contest, resulting in 30 lucky artists’ work being featured on the inner tray of Red Vines Original Twists packaging.

2025 Celebrations

This year, the RED VINES® candy brand is once again living up to its brand purpose of sharing peace, love and vines, but in a few brand-new ways.

Though National Licorice Day has always been an opportunity to engage licorice candy fans and consumers, this year the brand extended an extra bit of sweetness to a handful of community partners across all manufacturing locations for parent company, American Licorice Co., including Indiana, California, and Texas.

Custom Red Vines jars were printed for each partner, and members of the American Licorice leadership team were onsite to present these special jars (along with a few extra sweets & treats) to organizations like Boys & Girls Club of La Porte County, Dunebrook, and The Pax Center food bank.

The brand also challenged another one of its partner organizations, Future Black Leaders, INC., to come up with some new and creative ways to celebrate the day with Red Vines candy.

For the Fans

The brand wasn’t going to forget about the longtime fans who’ve been enjoying Red Vines candy for over 70 years. Red Vines fans will be challenged to take a photo with their favorite candy at a sporting event, and from the submissions, 10 winners will be chosen to receive a special Red Vines bundle.

Visit @redvinescandy on Instagram or Facebook for more information about this year’s giveaway.

American Licorice will also be offering special discounts and promotions on their online store, featuring many of the classic Red Vines candy favorites.

What’s Next?

Though National Licorice Day falls but once a year, American Licorice Company continues to work on new and exciting innovations across all their brands – Red Vines being no exception. The company recently introduced the newest evolution for the Red Vines brand, with the creation of a new line of items under the sub-brand, Vines.

The first item to launch is Vines Gummy Peaces, soft and chewy gummy candies in a variety of tropical flavor combinations that are part of the brand’s vision of the next generation of candy under the legacy Red Vines brand. And, they’re another new and delicious way to keep sharing peace, love and vines for years to come.

About Red Vines Candy
RED VINES® candy is the deliciously rewarding treat that has been making special moments even sweeter for generations. For over 70 years, the Red Vines brand has delivered exceptional flavor that sets itself apart from the competition. Made in small batches, using artisanal techniques passed down through five generations, Red Vines candy has a rich heritage built on dedication to consistent quality, flavor, and freshness. Whether you pick-up our classic tray at the movie theater or pack up the iconic jar for a family picnic, Red Vines candy continues to be an essential part of celebrating life’s sweet moments for decades.

About American Licorice Company 
Family-owned and operated since 1914, the American Licorice™ Company is one of the original licorice manufacturers in the United States, and one of oldest privately held candy companies in the industry. American Licorice seeks to bring happiness in every bite with the best-selling brand of licorice candy in the western United States, Red Vines candy. In 1990, American Licorice Co. was one of the first candy companies to expand into the sour candy market with the launch of SOUR PUNCH® candy. American Licorice is headquartered in La Porte, IN and has a production facility in Union City, CA.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/red-vines-candy–american-licorice-co-celebrate-21st-annual-national-licorice-day-302425928.html

SOURCE American Licorice Company

SAN FRANCISCO, April 10, 2025 /3BL/ – Engage for Good, the leading company empowering corporate and nonprofit professionals to create mutually beneficial social impact partnerships, today announced that global entrepreneur, philanthropist, pop culture icon and CEO of 11:11 Media Impact Paris Hilton will receive the inaugural Courage Award at The 2025 Halo Awards. Additionally, content creator Janette Ok will be given the first-ever Creator for Change Halo Award sponsored by TikTok.

As the first and most prestigious honor for excellence in corporate social impact, The Halo Awards recognize the most innovative and effective partnerships between companies and nonprofits that drive business and social impact. The Courage Award, which debuts this year, honors a leader who has taken a powerful stand on an issue that matters, using their voice to spark awareness, action and change.

Hilton has long used her voice to spotlight critical social issues, transforming her lived experience and courageous journey as a survivor into a catalyst for change. Her advocacy to protect vulnerable youth in institutional settings led to the passage of the federal Stop Institutional Child Abuse Act bill and the enactment of 12 U.S. state laws that safeguard young people in residential treatment facilities. Through 11:11 Media Impact, the nonprofit she founded to drive meaningful and lasting change on a global scale, Hilton has also worked to destigmatize mental health challenges and champion greater support and understanding for the neurodivergent community. Showcasing this commitment, 11:11 Media Impact’s partnership with Understood.org has been named a finalist for Best Gender & LGBTQ Equality Initiative at The Halo Awards, an initiative focused on educating and empowering neurodivergent women.

“Courage is about speaking your truth and using your voice to help those who feel unheard or unseen, even when it feels scary, and I’m honored to receive such a meaningful award,” said Hilton. “This recognition is a testament to the power of using your voice to create meaningful change, and I hope it inspires others to embrace their own strength, share their stories and know they are not alone.”

“Watching Paris speak truth to power, and then work to change the system that harmed her, has been nothing short of inspiring. The Halo Awards were created to honor leadership that drives lasting impact, and with this new Courage Award, we’re proud to recognize Paris for turning pain into purpose in a way that is already changing lives,” said Muneer Panjwani, CEO of Engage for Good.

The Creator for Change Award, sponsored by Tiktok, will also debut at this year’s Halo Awards, celebrating a digital content creator who uses their platform to shine a light on important issues and build community around a shared sense of purpose.

Ok has intentionally partnered with and amplified brands and organizations whose missions align with social good, focusing on mental health awareness, diversity and inclusion, and women’s empowerment. In particular, Ok has used her social platforms to raise awareness and funds for unhoused communities in LA and relief efforts for marginalized women and children. She was also part of TikTok’s first Diversity Collective as a Korean American voice. Ok’s social impact goes beyond social media, from going on humanitarian trips to over 20 countries across South America, Africa and Asia to partnering with her church to serve lunch to the unhoused community in Downtown LA to speaking on panels about body positivity, mental health and challenging Korean beauty standards.

“Receiving the first-ever Creator for Change Award is deeply humbling. Championing social impact isn’t just something I do — it’s who I am. Whether it’s serving at my local church, supporting women’s ministries or using my platform to raise awareness and funds, I see helping others as a way to live out my faith and uplift the communities I care about most,” said Ok. “Behind the scenes or out in the open, I believe every act of service — big or small — has the power to create real change. This award affirms that change doesn’t come from perfection or external validation but the courage to keep showing up.”

The Halo Awards will take place during the annual Engage for Good Conference, which will be held April 22-24, 2025, at Renaissance Esmeralda Resort & Spa in Palm Springs, CA. During the conference — sponsored by premier partners TikTok and fintech platform Adyen and silver level sponsors Public Interest Registry, DIRECTV for BUSINESS and Goodstack — attendees will gain practical skills, hear inspiring keynotes on cutting-edge ideas, explore emerging trends in CSR, ESG, corporate philanthropy and connect with forward-thinking leaders across corporate and nonprofit sectors who are shaping the future of collaborative impact.

“For more than 20 years, The Halo Awards have honored the most effective social impact initiatives, but this year we’re recognizing game changing leaders using their massive platform for good. Janette has shown the power of making a difference — not just through words but through advocacy, amplification and actions,” said Panjwani. “Her creativity, authenticity and platform make her the perfect inaugural recipient of the Creator for Change Award.”

Hilton and Ok will be recognized during The Halo Awards on Thurs., April 24, 2025, at 6:00 pm PST.

For more information or to attend the Engage for Good Conference, please register at https://engageforgood.com/conference/.

About Engage for Good

Engage for Good is the leading community of corporate social impact professionals, equipping leaders with the connections, best practices, and support they need to build high-impact partnerships that drive both business and social value.

Our offerings include: (1) The Engage for Good Conference — the premier national event convening leaders from Fortune 100 companies and top nonprofits. (2) The Halo Awards — the first and most prestigious honor recognizing excellence in corporate social impact. (3) A thriving membership of 19,000+ professionals working across CSR, ESG, DEI, philanthropy, and purpose. (4) Consulting services for nonprofits seeking to build or grow successful corporate partnerships. (5) Partnerships to help you reach CSR decision makers with your products and services.

About 11:11 Media Impact

11:11 Media Impact, founded by Paris Hilton, is a nonprofit organization dedicated to creating meaningful and lasting change worldwide. Rooted in Paris’s lived experiences, the organization leverages strategic advocacy, socially-conscious storytelling, and philanthropic investments to address critical issues such as protecting children from institutional child abuse and fostering inclusion for individuals with learning and thinking differences.

Since its inception, 11:11 Media Impact has achieved significant milestones, including the passage of the federal Stop Institutional Child Abuse Act, the enactment of 12 U.S. state laws safeguarding youth in residential treatment facilities, and the successful repatriation of American children from abusive facilities abroad. In addition to its child protection work, Paris has been a passionate advocate for ADHD awareness and a steadfast supporter of LGBTQIA+ direct service organizations.

With over 21.5 billion earned media impressions in 2024 alone, 11:11 Media Impact harnesses Paris’ global influence to drive systemic change, deliver justice for survivors, and protect vulnerable children around the world.

Media Contact
Brandy Patton-Miller
prforengageforgood@bospar.com

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