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Uprite Services Achieves Sixth Consecutive MSP 501 Recognition, Ranking #227 Among World's Elite Managed Service Providers
HOUSTON, July 29, 2025--(BUSINESS WIRE)--Uprite Services, a trusted leader in managed IT and cybersecurity solutions, has earned its sixth consecutive spot on the prestigious 2025 Channel Futures MSP 501 list, ranking at #227 among the world's most innovative and high-performing managed service providers. The MSP 501 represents the IT industry's longest-running and most respected ranking of global MSPs. Winners are selected through rigorous evaluation of financial performance, growth, recurring revenue, cybersecurity expertise, and client outcomes. This six-year consecutive achievement (2020-2025) demonstrates Uprite's sustained excellence and strategic growth trajectory. "This sixth consecutive MSP 501 recognition validates our strategic approach to delivering measurable business results through technology," said Stephen Sweeney, CEO of Uprite Services. "While many providers focus on reactive support, we've built our reputation on proactive partnership - understanding each client's unique business objectives and delivering outcomes that drive growth. This award reflects both our team's commitment to 'The Uprite Way' and our clients' trust in our ability to turn technology challenges into competitive advantages." Uprite's recognition extends beyond the MSP 501, having also earned the CRN Pioneer 250 designation in 2025 and the ForzaDash MSP 555 award in 2024, cementing its position among Texas's most trusted technology partners. With 25+ years serving Texas businesses exclusively, Uprite delivers managed IT services, co-managed IT support, and cybersecurity solutions powered by its proprietary "Uprite Way" 28-principle service delivery framework. Known for its proactive service model and client-centric approach, Uprite helps SMBs and mid-market businesses throughout Houston, San Antonio, and Texas reduce risk, modernize infrastructure, and transform technology into a competitive advantage. Unlike traditional IT vendors, Uprite functions as a strategic partner, working closely with leadership to drive business results through smarter technology decisions. Clients benefit from expert-led planning, seamless cloud adoption, AI implementation guidance, 24/7 support, and predictable pricing with comprehensive service guarantees. About Uprite Services Uprite Services is a six-time MSP 501 winner serving businesses across Texas. With SOC 2 certification, HIPAA compliance, and a focus on proactive support and cybersecurity leadership, Uprite helps organizations grow confidently through strategic technology partnerships. View source version on Contacts Media Contact Holly Mack Sign in to access your portfolio
Yahoo
2 hours ago
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CenterPoint Energy, Inc. Announces Offering of $900 Million of Convertible Senior Notes Due 2028
HOUSTON, July 28, 2025--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or "CenterPoint" today announced that it intends to offer, subject to market and other conditions, $900 million aggregate principal amount of its Convertible Senior Notes due 2028 (the "convertible notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In addition, CenterPoint intends to grant the initial purchasers of the convertible notes the option to purchase up to an additional $100 million aggregate principal amount of convertible notes for settlement within a 13-day period beginning on, and including, the date on which the convertible notes are first issued. The convertible notes will be senior, unsecured obligations of CenterPoint. The convertible notes will mature on August 1, 2028, unless earlier converted or repurchased. Interest on the convertible notes will be paid semiannually in arrears on February 1 and August 1 of each year, beginning on February 1, 2026. Prior to May 1, 2028, the convertible notes will be convertible only upon the occurrence of certain events and during certain periods. Thereafter, the convertible notes will be convertible by holders at any time in whole or in part until the close of business on the second scheduled trading day immediately preceding the maturity date. Upon conversion, CenterPoint will pay cash up to the aggregate principal amount of the convertible notes to be converted and pay or deliver, as the case may be, cash, shares of CenterPoint's common stock, par value $0.01 ("common stock"), or a combination of cash and shares of common stock, at CenterPoint's election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the convertible notes being converted. CenterPoint may not redeem the convertible notes prior to the maturity date. The final terms of the convertible notes, including the interest rate, initial conversion rate and certain other terms of the convertible notes, will be determined at the time of pricing of the offering. CenterPoint intends to use the net proceeds from this offering for general corporate purposes, including the repayment of a portion of its outstanding commercial paper and other debt. The convertible notes and any shares of common stock issuable upon conversion of the convertible notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act. The offer and sale of the convertible notes and any shares of common stock issuable upon conversion of the convertible notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any jurisdiction in which the offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any jurisdiction. About CenterPoint As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2025, the company owned approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint and its predecessor companies have been in business for more than 150 years. Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will," "would" or other similar words are intended to identify forward-looking statements. Any statements in this press release regarding future events that are not historical facts are forward-looking statements. These forward-looking statements, which include statements regarding CenterPoint's expectations regarding the planned offer and sale of the convertible notes and the use of the net proceeds from any such sale, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. CenterPoint cannot be sure that it will complete the offering or, if it does, on what terms CenterPoint will complete it. Each forward-looking statement contained in this press release speaks only as of the date of this release, and CenterPoint does not assume any duty to update or revise forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) actions by credit rating agencies, including any potential downgrades to credit ratings; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory, executive and legislative decisions and actions; and (5) other factors, risks and uncertainties discussed in CenterPoint's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025 and other reports CenterPoint or its subsidiaries may file from time to time with the Securities and Exchange Commission ("SEC"). You are cautioned not to place undue reliance on CenterPoint's forward-looking statements. Investors and others should note that CenterPoint may announce material information using SEC filings and the Investor Relations page of its website, including press releases, public conference calls, webcasts and other investor information. In the future, CenterPoint expects to continue to use these channels to distribute material information about CenterPoint and to communicate important information about CenterPoint, key personnel, corporate initiatives, regulatory updates, and other matters. Information that CenterPoint posts on its website could be deemed material; therefore, investors are encouraged to review the information posted on the Investor Relations page of CenterPoint's website. View source version on Contacts For more information contactMedia: Communications Investors: Ben Vallejo 713.207.6500 Sign in to access your portfolio
Yahoo
2 hours ago
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Taiwan President Calls Off US Transit as Trump Seeks Xi Summit
(Bloomberg) -- Taiwanese President Lai Ching-te called off an overseas trip planned for next week after the Trump administration failed to greenlight his stopover in the US, amid concerns it could derail trade talks with China. Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy Taiwan's leader isn't planning any overseas travel in the near future, given the need for typhoon recovery work in southern Taiwan and tariff negotiations with the US, the Presidential Office in Taipei said in a statement late Monday. Lai had intended to stop in New York on Aug. 4 and then Dallas 10 days later as part of a trip to diplomatic allies Paraguay, Guatemala and Belize, Bloomberg reported earlier this month. Planning for that trip was thrown into flux late last week when Taiwanese officials couldn't get their US counterparts to give the go ahead, according to people familiar with the matter. The US had mounting concerns Lai's visit could disrupt trade negotiations with China and a potential summit with President Xi Jinping, the people said. The hesitation over Lai's trip unnerved some officials in the US, as well as in Taipei, who fear President Donald Trump may concede too much to China as he seeks a meeting with Xi, according to the people. Bloomberg reported earlier that Trump's team was reaching out to CEOs to join him on a possible trip to Beijing this year. While Lai's trip was never formally announced, officials in Paraguay and Guatemala had been expecting him to arrive next month, but no longer do so, according to people familiar with the preparations for his visit. Trump officials denied Lai permission to transit through New York after China raised objections with Washington about the visit, the Financial Times reported, citing people familiar with the decision. It was unclear whether he was also blocked from stopping over in Dallas, the newspaper added. The rebuke will fan concerns that Washington's position on the self-ruled democracy, which Beijing considers a part of its territory, is becoming a trade war bargaining chip. In an abrupt policy reversal, Trump already put on the negotiating table some tech curbs imposed on China over national security concerns. 'Trump's decision to deny permission for President Lai to visit New York sends a dangerous signal: that the United States can be bullied by Beijing into silence on Taiwan,' said former US House Speaker Nancy Pelosi, whose 2022 visit to Taipei sparked uproar. 'This is a victory for Xi,' she wrote on X. 'Let us hope it is not indicative of a dangerous change in US policy.' The White House didn't reply to a request for comment. A State Department official said transits by high-level Taiwanese officials, including presidents, were fully consistent with longstanding US policy and practice, which hasn't changed. The US could yet suggest an alternative timeframe and layover locations. Last year, the Taiwanese president pushed back a planned transit through Hawaii and Guam by several months following a Biden administration request to wait until after the US election, according to a person familiar with the matter. Lai is planning to go ahead with his trip later this year, according to one person familiar with the plans. Lai's planned visit came at a delicate diplomatic moment. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng on Monday met in Stockholm for talks aimed at advancing a trade deal with ramifications for global markets. An extension of a tariff truce reached between both sides is expected and would help pave the way for a Trump-Xi meeting. China, which has branded Lai a 'separatist' and 'parasite,' views Taiwan as the most sensitive issue in relations with other countries. It has increasingly opposed US interactions with Taiwanese leaders, often by staging large-scale military exercises surrounding the island following Pelosi's trip to Taipei. Linking Taiwan to trade with China 'sends a dangerous message to Beijing,' said Laura Rosenberger, a former US diplomat who also chaired the American Institute in Taiwan until this year. 'At a time when Beijing is engaging in increasingly coercive behavior toward Taipei, the US needs to be sending a clear message of commitment to longstanding precedents, not allowing Beijing to once again move the goalposts,' she added. Embattled Leader Lai, who won last year's presidential election with the lowest winning percentage since 2000, now risks looking weak at home and abroad. Last weekend, a failed attempt to unseat lawmakers handed the opposition more ammunition for its agenda, which includes forging closer ties with Beijing. Adding to the uncertainty, Taiwan's trade officials are currently in Washington for talks aimed at clinching a deal to avert a threatened 32% tariff. All of Taiwan's sitting presidents since the 1990s have traveled to the US on stopovers en route to other destinations. While most visits passed without triggering heightened tensions, a trip by then-leader Lee Teng-hui to speak at Cornell University in 1995 sparked the so-called Third Strait Crisis, with China firing missiles into waters near the main island of Taiwan. Stopover requests, on occasion, have been used as a way for US leaders to signal displeasure with Taiwan's policy. The most prominent example of that came in 2006, when then-US President George W. Bush scuttled Chen Shui-bian's request to transit to Paraguay via either New York or San Francisco. That snub was taken as a sign his unofficial relationship with Washington had suffered a serious blow, after Chen upset the Bush administration with a series of pro-independence policies that risked provoking China. Lai's New York and Dallas stops would have been his first to continental US soil since he became president last year and Trump took power in January. His transits in Hawaii and Guam last December were followed by what Taipei described as China's largest naval deployment in years along the first island chain, which also includes Japan and the Philippines. --With assistance from Eric Martin and Hadriana Lowenkron. 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