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Lianluo Smart Limited and Newegg Inc. Announce Entering into Merger Agreement

BEIJING, Oct. 24, 2020 /PRNewswire/ — Lianluo Smart Limited (“LLIT” or the “Company”) (NASDAQ: LLIT), and privately-held Newegg Inc. (“Newegg”) today jointly announced that they have entered into an Agreement and Plan of Merger (the “Merger Agreement”), whereby the stockholders of Newegg will become the majority owners of LLIT, as a result of the merger of Lightning Delaware Sub, Inc. (the “Merger Sub”), LLIT’s wholly owned subsidiary, with and into Newegg.  In addition, LLIT will sell its equity holdings in Lianluo Connection Medical Wearable Device Technology (Beijing) Co., Ltd. (“Lianluo Connection”) to Beijing Fenjin Times Technology Development Co., Ltd (“Fenjin Times”) pursuant to an equity transfer agreement (“Disposition Agreement”). The disposition will become effective immediately following completion of the Merger.  Concurrent with the closing of the merger and disposition described above (collectively, the “Restructure”), the Company will conduct a public offering of its common shares with expected gross proceeds of approximately $30 million (the “Financing”). The consummation of the Restructure and the Financing are contingent on the closing of each other transaction and certain customary approvals and conditions. LLIT will seek its shareholders’ approval of the Restructure as well as an amendment to its memorandum and articles of association to eliminate

Army's Black Knights Accepts Invitation to Radiance Technologies 2020 Independence Bowl

HUNTSVILLE, Ala., Oct. 24, 2020 /PRNewswire/ — The Independence Bowl and Radiance Technologies extended the first Independence Bowl invitation of the 2020-2021 college football season to the Army’s United States Military Academy at West Point today, and the Army’s Black Knights accepted the bid. This will be the team’s first trip to the bowl game since 1996 and they are excited to return. “We want to thank the Radiance Technologies Independence Bowl, Chairman Frank Auer and the entire bowl committee for this incredible opportunity to play in this outstanding bowl game,” said Army West Point Director of Athletics Mike Buddie. About Radiance Technologies: Radiance Technologies is an employee-owned small business prime contractor founded in 1999. Radiance has over 800 employee-owners across the United States serving the Department of Defense, national intelligence community and other government agencies. From concepts to capabilities, Radiance leads the way in developing customer-focused solutions in the areas of cyber security, systems engineering, prototyping and integration as well as operational and strategic intelligence including scientific and technical intelligence.  Radiance’s ownership culture is driven by the values of Integrity, Ingenuity and Servanthood. Their mission is to provide solutions to impossible problems. “Radiance could not be happier to invite

The 199 days that doomed Quibi: How $1.75 billion couldn't save the most hyped app of the year from a pandemic and apathetic users

Jeffrey Katzenberg and Meg Whitman merged Hollywood and Silicon Valley connections, but it wasn’t enough to save Quibi. Taylor Jewell/Invision/AP; Richard Drew/AP; Shayanne Gal/Business InsiderMobile content app Quibi, backed by $1.75 billion and some of Hollywood’s top names, launched in April and died in October.  Jeffrey Katzenberg and Meg Whitman led the company, which missed warning signs and took costly missteps in the leadup to and after its debut.  Business Insider tracked the buildup to and aftermath of Quibi’s ill-fated launch.  Visit Business Insider’s homepage for more stories. With just a few weeks to go until one of the biggest product launches in their careers, Jeffrey Katzenberg and Meg Whitman met alone for several hours.  The two veteran business executives, representing the top echelons of Hollywood and Silicon Valley, were suddenly forced to discuss the future of the project they’d worked on — and promoted — almost constantly for the past two years.  Their vision for a game-changing streaming video service called Quibi had raised a stunning $1.75 billion in capital. But their plans never foresaw a pandemic, and when Katzenberg and Whitman sat down in mid-March, the novel coronavirus was beginning to show that it was not a

Inside a 'haunted' 150-year-old million-dollar castle hidden away in San Francisco with underground caves and a toilet in the shape of a throne

Albion Castle in San Francisco has survived two big earthquakes in the city’s history, and its underground caves could save the city in the event of an emergency. Hidden in San Francisco’s Bayview neighborhood is a four-story castle with underground caves that was once home to the Albion Ale & Porter Brewery.Albion Castle was built in 1870 as a personal residence and brewery, with a natural underground aquifer producing 10,000 gallons of water daily and providing the water needed for ale production.It’s since been a water-bottling company, private residence, a tech support center for the blog Laughing Squid, and has even hosted smaller events like a Google dinner party and a lavish Halloween bash. It now belongs to Bill Gilbert, a former San Francisco police officer and real-estate investor who bought the castle in 2012 for $900,000. A tall fence and towering trees surround Albion Castle, making it the perfect getaway from the hustle and bustle of the city. “I don’t even feel like I’m in San Francisco,” Jennifer Gilbert, Bill Gilbert’s daughter, told Business Insider. Take a look around the hidden fairy-tale home.Good luck trying to spot San Francisco’s Albion Castle at 881 Innes Ave. from the street — the property

cCARE is on a Myth-Busting Mission to Boost Breast Cancer Awareness

FRESNO, Calif., Oct. 24, 2020 /PRNewswire/ — Perhaps no disease has garnered more attention in the past couple of decades than breast cancer, which is very gratifying to surgical oncologist and breast cancer expert Dr. Casandra Anderson of cCARE in Fresno. Even so, she is keenly aware that the millions of women concerned about this disease, of which one in eight of them will get in their lifetime, are often misinformed about important specifics in prevention and treatment. “With many women and even some men fearing the disease, I field a lot of questions and know that misinformation about breast cancer and its treatment is definitely out there,” says Dr. Anderson. “Just as focuses like Breast Cancer Awareness Month have helped us steadily decrease deaths from the disease, we know that clearing up ongoing misconceptions can save more lives and cure some of the fears that come with the unknown and misunderstood.” Here are some common myths about breast cancer Dr. Anderson’s patients have. Breast cancer is painful. The majority of the time, breast cancer is painless unless it’s very large or in a sensitive area near nerves, lymph nodes and muscles. “A woman can even have advanced breast cancer without ever feeling any pain,

Dunkin' & Area Rotary Districts Raise More Than $1.2 Million Throughout Alabama & Tennessee Benefitting End Polio Now

KNOXVILLE, Tenn., Oct. 24, 2020 /PRNewswire/ — To bolster the effort to eradicate polio globally, 125 Dunkin’ locations across Alabama and Tennessee recently partnered with area Rotary districts to raise funds and awareness through its Purple Pinkie Day fundraiser. From the one-day fundraiser, the participating Dunkin’ restaurants and area Rotary districts raised more than $1.2 Million to benefit Rotary’s End Polio Now campaign. As part of the fundraiser, guests who donated $2 to End Polio Now at a participating Dunkin’ restaurant received a Purple Pinkie Donut as a thank you. As an added bonus for each $2 guest donation, Rotary donated $4 and the Bill & Melinda Gates Foundation matched with $12, for a total donation of $18. Bluemont Group LLC and the Catalano Group Bakeries, along with Dunkin’ restaurants in Alabama and Tennessee donated over 60,000 Purple Pinkie Donuts to allow 100 percent of the $1.2 Million proceeds to benefit End Polio Now. In 2018, Dunkin’ and Tennessee Rotary launched the Purple Pinkie Donut fundraiser in 30 Dunkin’ restaurants throughout Tennessee in efforts to support End Polio Now. To date, the Dunkin’ and Rotary promotion has raised more than $1.8 Million to benefit End Polio Now in recognition of

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