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Press Release

While the devastating financial impact of COVID-19 continues to escalate, Ent Credit Union responded by eliminating fees, reducing loan rates and launching emergency loans to help ease its members’ financial and emotional stress.

“Until further notice, we are suspending or drastically reducing fees,” said Chad Graves, Ent CEO. “This includes eliminating fees for excessive transactions for savings and money market accounts, minimum account balances, Skip-A-Pay and credit card usage for loan payments. Our overdraft/non-sufficient funds fees are now just $0.01. And we are also waiving early CD withdrawal fees to help members access their money for immediate needs.”

“We are also temporarily eliminating limits for the number of transfers from savings and money market accounts,” Graves said.

Ent wants members who are now without income and struggling to make their mortgage payment to reach out for help. Members won’t be charged late fees or have their credit impacted due to slow payment during this crisis. “They just need to talk to us. We’re here to help,” he said.

Included in the extensive list of ways Ent is taking action to help reduce financial strain for members are long- and short-term emergency loans of $1,500 to $10,000 with a 0.00% to 5.99% annual percentage rate. 

In order to help keep Colorado businesses strong, Ent is also offering emergency business loans, doubling its business line of credit limit (up to $50,000) and offering assistance programs to corporate banking members.

“I’ve said it before, but as this pandemic progresses, I feel it’s worth repeating. At times like these, I am especially thankful we are a not-for-profit financial institution. This allows us the flexibility to do what is in everyone’s best interest – rather than what’s best for the bottom line,” Graves said. 

For more info please visit Ent.com/Coronavirus.

About Ent

Founded in 1957, for the second consecutive year Ent is ranked Colorado’s #1 credit union by Forbes. A different kind of financial institution, Ent is committed to improving members’ financial quality of life with better rates, lower fees and Ent Extras® Cash Rewards. With $6+ billion in assets, Ent serves more than 370,000 members at more than 35 convenient service centers all along the Front Range. Businesses and people (who live, work, worship or attend school) in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Elbert, Fremont, Jefferson, Larimer, Pueblo, Teller and Weld counties may join the not-for-profit financial, community-chartered credit union. Ent is an Equal Housing Opportunity and Equal Opportunity Lender, insured by the NCUA.

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Widefield School District 3 is offering free lunch during the school closings, so that no student has to go hungry because they aren't going to school. Okay I'm sure their parent's would have fed them, but an unexpected expense of having to provide more meals all of a sudden when your budget is tight enough to qualify for free lunch, is a hardship that the district wants to alleviate for families.

It's intended for students, but they aren't asking questions and they wont turn anyone away. If you're hungry and your budgets dried up, go get some lunch.

There are 3 sites, one at each of the Jr. Highs; Sproul, Janitell and Watson. They're open from 11-1.

Thank you District 3!

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Gourmet Pizza Vending Machine Start-Up Basil Street Raises $10 Million in Priced Round of Funding

Fundraising Effort Enables Kick-Off of Pilot Program in April

Press Release (PRNewswire.com)


The revolution of truly gourmet pizza vending machines throughout the country is upon us. It was announced today that Basil Street, a high-tech, innovative pizza vending machine company, has closed a $10 million priced round of funding, setting the stage for a multi-city pilot program rollout launching in April across the United States.

Using state-of-the-art robotics technology, a groundbreaking cooking process and the freshest ingredients, Basil Street is primed to change the way consumers think about vending machine cuisine forever.  



"After three years of perfecting the process to deliver unmatched brick-oven style gourmet pizza through the convenience of a stand-alone vending machine, we are excited about the next step to bring this unique proprietary concept, and more importantly great tasting pizza, to market," said Deglin Kenealy, CEO of Basil Street. "This round of funding enables us to kick-off our pilot program next month with the hopes of escalating into a full-scale launch of our kiosks by the end of Q3 in 2020. In a time of robotic solutions, this one is truly revolutionary."

The initial machines in the pilot program are in high-demand, as the company has received numerous requests to participate. Those inquiring include large corporate facilities, major medical facilities, universities, military bases and sporting arenas throughout North America. Basil Street is also building a list of global interest for future deployments. In addition, two machines will be delivered to a Basil Street partner, who is one of the world's largest food and beverage manufacturers.

Locations for the pilot program are still being confirmed, but target regions include Texas, Kansas, Missouri, North Carolina and Southern California, where Basil Street is headquartered.

Basil Street machines feature three 10-inch Italian style, thin crust pizza offerings: four-cheese, pepperoni and a "Pizza of the Month" selling between $6.95-$11.95. All of Basil Street's pizzas are made with the freshest ingredients and then flash frozen to preserve the flavor and freshness before being cooked-to-order in about three minutes. The cooking process utilizes their patent pending three element non-microwave speed oven. The combination of the revolutionary oven technology and pizza quality create a finished product that rivals a high-end brick oven pizzeria. Basil Street has figured out how to deliver a wood-fire oven experience pizza in a fraction of the time.

Basil Street's business model focuses on providing value and great tasting, high-quality, health-conscious products for its customers. To ensure these values, Basil Street will stock their machines on a weekly basis, utilize the best quality ingredients to create a fantastic product for the masses.  

For more information on Basil Street's pizza vending machines or to inquire about getting a machine in your area, email This email address is being protected from spambots. You need JavaScript enabled to view it. or visit their website at www.basilstreetpizza.com.

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    • Nikola to use proceeds to accelerate its portfolio of battery-electric (BEV) and hydrogen fuel-cell electric vehicles (FCEV) targeting zero emissions globally
    • Nikola will build out a hydrogen station infrastructure to support its FCEV vehicles
    • Nikola has more than 14,000 pre-orders representing more than $10 billion in potential revenue and two-and-a-half years of production
    • Pro forma enterprise value of the merger is approximately $3.3 billion
    • Transaction includes a $525 million fully committed common stock PIPE at $10.00 per share anchored by institutional investors including Fidelity Management & Research Company, ValueAct Spring Fund and P. Schoenfeld Asset Management LP
    • The company will add Stephen Girsky, current CEO of VectoIQ and former Vice Chairman of General Motors Corporation, to its Board of Directors


Press Release

Nikola Corporation, a leader in the design and development of BEV and FCEV class 8 semi-trucks, along with VectoIQ Acquisition Corp. (NASDAQ: VTIQ), a publicly-traded special purpose acquisition company, announces that the two companies have entered into a definitive agreement to create a company focused on the development of next generation smart transportation. Upon the closing of the transaction, the combined company will be named Nikola Corporation and is expected to remain NASDAQ-listed under the new ticker symbol “NKLA.”

Nikola is a global leader in zero emissions heavy duty trucks and hydrogen infrastructure. More than $10 billion in pre-order leases to date and the joint venture with European industrial vehicle manufacturer IVECO make Nikola a formidable competitor to other OEMs (original equipment manufacturers). Nikola’s business model uniquely supplies both the truck and hydrogen fueling infrastructure, solving the fleets’ concerns of where to refuel with green hydrogen at competitive pricing to diesel. The transaction proceeds will accelerate production, allow Nikola to break ground on its state-of-the-art manufacturing facility in Coolidge, Arizona, and begin its hydrogen station infrastructure roll out. The company expects to generate revenue by 2021 with the roll out of its BEV truck, followed by FCEV truck sales starting in 2023 and the initial build out of hydrogen fueling stations to serve Nikola customers’ fleets, such as Anheuser-Busch.

Trevor Milton, Founder and CEO of Nikola stated: “We are on a roll. You couldn’t ask for better news for the energy and tech industry. The world is transitioning to zero emission platforms and Nikola is the leader for heavy duty vehicles. We believe we have a differentiated business model built on economics, not government subsidies. We now need to double down and speed up the timelines and get to market. We couldn’t be happier to have Steve Girsky join our board.”

“In our two-year quest to find a partner that was a proven technology leader and focused on making a global difference, Nikola was the clear winner,” said Stephen Girsky, CEO of VectoIQ and former Vice Chairman of General Motors Corporation. “Nikola’s vision of a zero-emission future and ability to execute were key drivers in our decision.”

Mr. Milton will serve as Executive Chairman of the combined company, continuing to lead the vision and forward-looking strategy. Prior to launching Nikola in 2015, Mr. Milton served as CEO of dHybrid Systems, a natural gas storage technology company.

Mark Russell, who has more than 20 years of experience building and managing companies in the manufacturing industry, will serve as the CEO of Nikola. He joined Nikola as President in 2019 and previously served as President and COO of Worthington Industries, a publicly-listed metals manufacturing company.

Kim Brady, currently the CFO at Nikola, will continue in that role post-close. Mr. Brady has more than 20 years of experience in private equity and investment banking. Prior to joining Nikola, Mr. Brady served as Senior Managing Director at Solic Capital, as well as CFO and General Manager at various companies in the manufacturing, business services and healthcare sectors.

Transaction Overview

The transaction reflects an implied enterprise value at closing of $3.3 billion. Cash proceeds raised in connection with the transaction, which will primarily be used to fund operations, support growth and for other general corporate purposes, will be funded through a combination of VectoIQ’s cash in trust and a $525 million private placement of common stock at $10.00 per share led by institutional investors including Fidelity Management & Research Company, ValueAct Spring Fund and P. Schoenfeld Asset Management LP. Current Nikola stockholders will remain majority owners of the combined company at closing.

The boards of directors of both VectoIQ and Nikola have unanimously approved the proposed transaction. Completion of the proposed transaction is subject to approval of VectoIQ and Nikola stockholders and other customary closing conditions, including a registration statement being declared effective by the Securities and Exchange Commission, and is expected to be completed in the second quarter of 2020.

Additional information about the proposed transaction, including a copy of the business combination agreement and investor presentation, will be provided in a Current Report on Form 8-K that will contain an investor presentation to be filed by VectoIQ with the Securities and Exchange Commission and available at www.sec.gov.