Rimini Street Foundation Announces $50,000 in Grants to Eligible Las Vegas Nonprofit Organizations

Rhea-AI Summary

Rimini Street (NASDAQ: RMNI) has launched its inaugural RMNI LOVE Grant Program, investing $50,000 to support local nonprofit organizations in Las Vegas. The initiative will award five grants of $10,000 each to certified 501(c)3 organizations in the area, aiming to recognize and uplift community efforts. This program, part of RMNI LOVE month, reflects the company’s commitment to its communities. The application process runs from February 1-28, with winners to be announced in March.

Positive

• Launch of RMNI LOVE Grant Program with $50,000 investment.
• Aims to support local nonprofit organizations, enhancing community relations.

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• None.

New RMNI LOVE™ grant program aims to show love to the communities Rimini Street works in – starting with its hometown of Las Vegas

LAS VEGAS--(BUSINESS WIRE)-- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced the Rimini Street Foundation has announced its inaugural RMNI LOVE^TM Grant Program, which aims to recognize the communities that Rimini Street works in around the world. The RMNI LOVE Grant Program will award five $10,000 grants to certified 501(c)3 nonprofit organizations in the Las Vegas area, the company’s hometown, before expanding to other global markets of Rimini Street in subsequent years.

Rimini Street Foundation Announces $50,000 in Grants to Eligible Las Vegas Nonprofit Organizations (Graphic: Business Wire)

"Rimini Street's mission is to create equal opportunities for all and leave the world a better place than the way we found it. RMNI LOVE is here to help do just that,” said Janet Ravin, chair, Rimini Street Foundation. "We are proud to launch this initiative in our hometown community of Las Vegas, and we look forward to expanding our program to show our RMNI LOVE in other regions around the world as well."

RMNI LOVE: A Celebration of Rimini Street’s Mission

Rimini Street has designated February as RMNI LOVE month, a celebration of the love and appreciation the company has for its “4 Cs”: colleagues, company, clients and community. The RMNI LOVE Grant Program aims to further this cause by investing in passionate, dedicated organizations that work tirelessly to uplift their communities – first in the Company’s headquarters, Las Vegas. Certified 501(c)3 nonprofit organizations in the Las Vegas area can visit the RMNI LOVE Grant Program application portal Feb. 1-28 to provide an overview of their organization and detail their local impact on the Las Vegas community. The Rimini Street Foundation will then select five winners to each receive a $10,000 grant, with winners to be announced in March.

RMNI LOVE is fueled by the Rimini Street Foundation, an organization founded in 2015 that reflects the values, hearts, and passion of Rimini Street as a company and individuals that make up its global community. The organization has helped more than 300+ charities worldwide with the mission to support humankind and share company success by investing back into the communities it serves around the world through in-kind donations, employee time, and financial support.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 4,400 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the impact of our credit facility’s ongoing debt service obligations and financial covenants and operational covenants on our business and related interest rate risk, the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; 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 initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements, including under our new credit facility; our ability to maintain an effective system of internal control over financial reporting, and our ability to remediate identified material weaknesses in our internal controls, including in relation to the accounting treatment of our warrants; changes in taxes, laws and regulations; competitive product and pricing activity; challenges of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 3, 2021, and as updated from time to time by Rimini Street’s 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. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2022 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220201005357/en/

Vikki Hansen

Rimini Street, Inc.

+1 (708) 556-3185

vhansen@riministreet.com

Source: Rimini Street, Inc.

FAQ

What is the RMNI LOVE Grant Program launched by Rimini Street?

The RMNI LOVE Grant Program is an initiative by Rimini Street to award $50,000 in grants to local nonprofit organizations in Las Vegas.

How much can organizations receive from the RMNI LOVE Grant Program?

Each selected organization can receive a grant of $10,000.

When is the application period for the RMNI LOVE Grant Program?

The application period runs from February 1 to February 28.

When will the winners of the RMNI LOVE Grant Program be announced?

Winners will be announced in March.

What is the purpose of the RMNI LOVE Grant Program?

The program aims to recognize and support nonprofit organizations working to uplift their communities.