Latest news with #Gad
Time of India
13-06-2025
- Entertainment
- Time of India
'Spaceballs 2' in works, Bill Pullman and Rick Moranis to return
A sequel to popular Hollywood space parody movie "Spaceballs" is in development at Amazon MGM Studios with original stars Bill Pullman and Rick Moranis set to return. Actor Josh Gad is on board to star and produce the project alongside 99-year-old Hollywood veteran Mel Brooks , who had co-written, directed and produced the original 1987 cult classic. The new film is being directed by Josh Greenbaum, with a screenplay by Gad, Benji Samit, and Dan Hernandez, according to entertainment news outlet The Hollywood Reporter. "Spaceballs", which was a parody on popular sci-fi movies like "Star Wars", "Star Trek", "Alien" and "The Wizard of Oz", followed mercenary Lone Starr (Pullman) and his sidekick Barf (John Candy) rescue Princess Vespa and her droid from the evil Spaceballs, who plan to steal Druidia's air. Stranded on a desert moon, they meet Yogurt (Brooks), who teaches Starr the power of "the Schwartz". Meanwhile, the bumbling Dark Helmet (Moranis) and Colonel Sandurz try to hunt them down. The plot details of the sequel are not known yet. Pullman's son, "ThuNderbolts" star Lewis Pullman, will also feature in the movie along with fellow newcomer Keke Palmer. Imagine's Brian Grazer and Jeb Brody are producing alongside Gad, Brooks and Greenbaum. Kevin Slater, Adam Merims, Benji Samit and Dan Hernandez will executive produce. The film is expected to be released in theatres in 2027. PTI
Kuwait Times
05-06-2025
- Business
- Kuwait Times
Style or security? How culture shapes gold buying habits in Kuwait
Every community has its go-to gold, affected by tradition, resale value, aesthetics KUWAIT: As Eid approaches, it's easy to notice how different gold markets draw in people with different nationalities. According to local jewelers, one key factor drives these preferences: karat - the measure of gold's purity mixed with other metals. The availability of certain karats across shops not only impacts price, but also influences the jewelry's color, strength and the styles favored by each community. 'Each country tends to have its own distinct preference for gold karat,' said Ahmad Gad, a jeweler at Al-Mubarakiya Gold Souq, one of the most popular markets among diverse nationalities in Kuwait. He broke down the three most common karats in Kuwait and who typically prefers each: 'Indians usually go for the rich yellow of 22K gold. Arabs lean toward 21K for its shine. As for 18K, which has a softer glow, it's often chosen by people who like European styles — Filipinos, for example.' Ahmad Gad, a jeweler in Kuwait. A vendor shows a gold necklace to a customer at the gold exhibition. The Indian favorite Indian buyers are especially drawn to 22K gold, valuing both its high purity and cultural significance. 'For Indians, what matters most is purity. If it were practical, they'd choose 24K - but it's too soft for jewelry,' said Ayoub, an Indian gold salesman who has worked in Kuwait for seven years. Pure 24-karat gold, considered 100 percent gold, is typically reserved for bars and coins, as its softness makes it unsuitable for wearable, intricately designed jewelry. To increase durability, gold is alloyed with other metals, resulting in lower karats: 22K gold contains 91.7 percent pure gold, and is ideal for the ornate, heavily detailed pieces typical in Indian culture. 'Our classic Indian pieces can only be made with 22K,' said Naresh Kumar, a jeweler at Souq Al Wataniya in Kuwait City, which mainly serves Indian and Bengali customers. 'It's also the standard karat in India, so it's easier to resell there.' Gad added, 'Every community prefers gold that can be resold easily in their home country.' Smart investment Despite its cultural significance, 22K gold is less commonly stocked in Kuwait compared to 21K. You'll find 21K gold widely available in popular markets like Al-Mubarakiya, Hawally, Salmiya and Farwaniya. According to jewelers, 21K is the most sought-after karat among Arabs. With 87.5% purity, it offers a sweet spot between visual beauty and long-term value. '21K is ideal for those who want a beautiful ornament that also holds its value,' said Gad. 'It has a higher resale price compared to lower karats, especially if it's locally made Kuwaiti gold, free of decorative cloves.' Kuwait is known for its high-quality 21K gold, thanks in part to strong trade ties with the UAE, home to some of the Gulf's most skilled goldsmiths. This partnership enables Kuwait to import a wide variety of 21K designs in large quantities. Elegant, but less valuable By contrast, 18K gold is found in smaller quantities across Kuwait, mostly in the Salmiya Gold Souq, which caters largely to Filipino buyers. While 18K contains 75 percent pure gold and is often used for dainty, European-style pieces, jewelers say it carries the highest making charges and offers weaker resale value, making it less appealing to investment-focused shoppers. 'The lower the gold's karat, the harder it is to mold,' explained Kumar. 'Working with low karats like 18K takes more time and precision, which increases labor costs.' That added labor is reflected in the making charge — a markup applied to the price of gold per gram for craftsmanship, which doesn't contribute to the resale value. Still, 18K remains the go-to for many Filipino shoppers and others who prioritize aesthetics over return value. 'I prefer 18K because it's simpler and more elegant,' said Rachel, a Filipino customer. 'The higher-karat designs are too loud - too madame. Unlike 18K pieces which I can easily stack and wear daily without feeling it's too much. For many, gold is more than a fashion statement - it's financial security. 'Gold is the most affordable investment for me right now. Instead of wasting money, I buy gold. It's like my money is still there, just preserved in a different form,' said Nada Dawod, an Egyptian gold enthusiast. 'When I was younger, I loved 18K gold,' she said. 'But once I started buying gold with my own money, I switched to 21K. It has better resale value and comes with a lower making charge. Even if I like a design in 18K, I try to find a similar one in 21K.'
Associated Press
30-05-2025
- Business
- Associated Press
Paragon Technologies Board Nominates Ronell Rivera and Elodie Leoni Without Their Consent
NEW YORK, NY / ACCESS Newswire / May 30, 2025 / Today, Ronell Rivera and Elodie Leoni issued a joint statement in response to their unauthorized inclusion on the management slate proposed by the current Board of Paragon Technologies, Inc. (OTC PINK:PGNT) ('Paragon' or the 'Company'). Despite having previously and explicitly declined to be nominated by the Board's Nominating Committee, both individuals were named as part of the company's formal proxy materials released this week. 'I clearly and respectfully informed Mr. Tim Eriksen that I did not wish to be included on the management slate,' said Mr. Rivera. 'To be listed against my will - after making my position unmistakably clear - creates a false impression to shareholders during a highly sensitive process. I remain fully committed to the Gad shareholder-aligned slate and to transparent, ethical governance.' Ms. Leoni added: 'I made it unequivocally clear to Mr. Eriksen that I did not consent to being nominated on his slate. Including my name without permission is a disservice to shareholders. I remain fully committed to the Gad shareholder-aligned slate and to transparent, ethical governance.' Despite their clear instructions, Mr. Rivera and Ms. Leoni's names were included without their consent - an act that misleads shareholders and a potential violation of Delaware law. CONTACT: [email protected] SOURCE: Sham Gad press release
Associated Press
20-05-2025
- Business
- Associated Press
Paragon Board Responds to Gad's Latest Misleading Statements - Shareholders Deserve the Truth
Gad Continues Pattern of Lying to Shareholders and Misrepresenting the Facts EASTON, PA / ACCESS Newswire / May 20, 2025 / Paragon Technologies' (OTCPK:PGNT) ('Paragon' or the 'Company') today responded to former Chairman and CEO Hesham 'Sham' Gad's latest attempt to rewrite history, calling out his deliberate misinformation and ongoing efforts to mislead shareholders. There's a reason Mr. Gad is no longer Chairman or CEO of the Company: his actions made him unfit to lead. Gad's assertion regarding 'false, damaging, and despicable statements' concerning the hiring of unauthorized workers is a blatant misrepresentation. The singular instance of an unauthorized hire involved Mr. Gad himself, who knowingly resided and worked illegally in the United States for over two decades. His failure to disclose this critical information not only betrayed Paragon's trust - it exposed the Company to significant legal and reputational risk. Gad's baseless accusations against Directors Eriksen, Brownstein, Lontini, and Weiser are directly contradicted by the facts. The legal counterclaim against Gad, accessible at link to counterclaim, provides a comprehensive account of Mr. Gad's extensive history of dishonesty, alleged theft, and repeated breaches of fiduciary duty. Additionally, Mr. Gad prolonged the litigation long after the bylaws he sought to have repealed were, in fact, repealed, potentially costing shareholders millions. His ongoing litigation included accusations against the new independent directors related to their adoption of the shareholder's rights plan. The independent directors believe they were adhering to their fiduciary duties in adopting the rights plan and were advised that Delaware case law suggests that it could be a breach of fiduciary duty for them NOT to adopt the plan in light of the threat of creeping control posed by the 40 percent plus shareholder group. Yet Gad sued, derived no benefit other than for himself at shareholder expense. Gad's allegations of concealment regarding the recent litigation are even more unfounded. Gad was involved in the board discussions including the reasons for filing under seal. The current board has nothing to hide from shareholders. Shareholders wishing to obtain a copy of the complaint filed against the company's former corporate counsel can do so by making the request at [email protected]. What Mr. Gad fails to disclose to shareholders is that the litigation demolishes his contrived entrenchment theory against Mr. Weiser and the Board. In fact, in the board's discussions, Gad's only objection was that the facts made him look bad. If the facts make him look bad, so be it. The Board urges all shareholders to see through Mr. Gad's self-serving rhetoric for what it is: a transparent attempt to divert attention from his own actions and obstruct the current leadership's commitment to transparency and accountability. We encourage shareholders to rely on factual information, including the detailed legal filings that expose Mr. Gad's long-standing pattern of deceit and mismanagement, rather than his continued distortions. The Board remains focused on transparency, accountability, and protecting the long-term interest of Paragon's shareholders. About Paragon Technologies Paragon Technologies, Inc. is a holding company owning subsidiaries that engage in diverse business activities, including material handling, distribution, real estate, and investments. For additional information please visit: Investor Relations Contact: Alliance Advisors IR [email protected] SOURCE: Paragon Technologies Inc. press release
Yahoo
20-05-2025
- Business
- Yahoo
Paragon Board Responds to Gad's Latest Misleading Statements - Shareholders Deserve the Truth
Gad Continues Pattern of Lying to Shareholders and Misrepresenting the Facts EASTON, PA / / May 20, 2025 / Paragon Technologies' (OTCPK:PGNT) ("Paragon" or the "Company") today responded to former Chairman and CEO Hesham "Sham" Gad's latest attempt to rewrite history, calling out his deliberate misinformation and ongoing efforts to mislead shareholders. There's a reason Mr. Gad is no longer Chairman or CEO of the Company: his actions made him unfit to lead. Gad's assertion regarding "false, damaging, and despicable statements" concerning the hiring of unauthorized workers is a blatant misrepresentation. The singular instance of an unauthorized hire involved Mr. Gad himself, who knowingly resided and worked illegally in the United States for over two decades. His failure to disclose this critical information not only betrayed Paragon's trust - it exposed the Company to significant legal and reputational risk. Gad's baseless accusations against Directors Eriksen, Brownstein, Lontini, and Weiser are directly contradicted by the facts. The legal counterclaim against Gad, accessible at link to counterclaim, provides a comprehensive account of Mr. Gad's extensive history of dishonesty, alleged theft, and repeated breaches of fiduciary duty. Additionally, Mr. Gad prolonged the litigation long after the bylaws he sought to have repealed were, in fact, repealed, potentially costing shareholders millions. His ongoing litigation included accusations against the new independent directors related to their adoption of the shareholder's rights plan. The independent directors believe they were adhering to their fiduciary duties in adopting the rights plan and were advised that Delaware case law suggests that it could be a breach of fiduciary duty for them NOT to adopt the plan in light of the threat of creeping control posed by the 40 percent plus shareholder group. Yet Gad sued, derived no benefit other than for himself at shareholder expense. Gad's allegations of concealment regarding the recent litigation are even more unfounded. Gad was involved in the board discussions including the reasons for filing under seal. The current board has nothing to hide from shareholders. Shareholders wishing to obtain a copy of the complaint filed against the company's former corporate counsel can do so by making the request at info@ What Mr. Gad fails to disclose to shareholders is that the litigation demolishes his contrived entrenchment theory against Mr. Weiser and the Board. In fact, in the board's discussions, Gad's only objection was that the facts made him look bad. If the facts make him look bad, so be it. The Board urges all shareholders to see through Mr. Gad's self-serving rhetoric for what it is: a transparent attempt to divert attention from his own actions and obstruct the current leadership's commitment to transparency and accountability. We encourage shareholders to rely on factual information, including the detailed legal filings that expose Mr. Gad's long-standing pattern of deceit and mismanagement, rather than his continued distortions. The Board remains focused on transparency, accountability, and protecting the long-term interest of Paragon's shareholders. About Paragon Technologies Paragon Technologies, Inc. is a holding company owning subsidiaries that engage in diverse business activities, including material handling, distribution, real estate, and investments. For additional information please visit: Investor Relations Contact: Alliance Advisors IRParagonIR@ SOURCE: Paragon Technologies Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
