Rimini Street Announces the 2023 RMNI LOVE 50000 Grant Program Winners
Summary
The $10,000 grant received will be allocated towards its outreach efforts, to make their services more accessible to the public and to ensure the growing number of families seeking their support receive the care they need to start again.Empowerment Kanagawa On a nearly 20-year mission to eliminate domestic violence, bullying, abuse, sexual violence and other forms of assaults whether physical or verbal, Empowerment Kanagawa is modeled after the Child Assault Prevention (CAP) program originating in the USA; the programs are aimed at partner abuse prevention for teenagers, young adults and adults with different abilities. To date, 9,500 workshops, conducted in person and online, have been offered and attended by 350,000 children and adults covering abuse prevention and counseling, human rights, as well as trainings for teachers, staff and childcare workers. Kids was the first in Japan to introduce a full-time animal-assisted therapy facility, and its impact on the thousands of beneficiaries has resulted in happier, calmer patients, speedier time to recovery, and improvement in the quality of life for the individuals served. The Company has operations globally and offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software, and enables clients to achieve better business outcomes, significantly reduce costs and reallocate resources for innovation. These risks and uncertainties include, but are not limited to, adverse developments in and costs associated with defending pending litigation or any new litigation; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our ability to sustain or achieve revenue growth or profitability and manage our cost of revenue; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle, and risks relating to retention rates; the loss of one or more members of our management team; our ability to attract and retain qualified employees and key personnel; challenges of managing growth profitably; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth; the impact of environmental, social and governance (ESG) matters; actions in response to any lingering impacts of the COVID-19 pandemic and its economic, operational and financial impacts on our business; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate tax reserves; our credit facilitys ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the transition to SOFR or other interest rate benchmarks; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Streets equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading Risk Factors in Rimini Streets Quarterly Report on Form 10-Q filed on May 3, 2023, and as updated from time to time by Rimini Streets future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission.