ParqEx loves featuring guest writers, especially when they have a mission to share on the nature of the car industry. If you’re interested in finding some travel preparation regarding a road trip you’ve come to the right place! This week, we’re proud to feature a blog on Steps To Wax Your Car Like a Pro from Dan at Carbibles. Car Bibles discusses an array of topics regarding vehicles ranging from the best products and care for your car. If you’d like to author a guest piece for ParqEx, let us know at marketing@parqex.com

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ParqEx loves featuring guest writers, especially when they have a mission to share on the nature of the car industry. If you’re interested in finding some travel preparation regarding a road trip you’ve come to the right place! This week, we’re proud to feature a blog on Auto Care Steps For A Stress -Free Road Trip from Peter at Car Ninja. Car Ninja discusses an array of topics regarding vehicles ranging from small compact vehicles to SUV’s. Peter as a writer is an ardent car lover, he writes almost everything about cars ranging from Product Reviews, Automobile News & Beginner Tips for learning any new Car Technology. If you’d like to author a guest piece for ParqEx, let us know at marketing@parqex.com

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Valentines Day is a holiday that is about celebrating time with loved ones. The toughest decisions usually faced by individuals is how they will show their affection whether by giving a gift, taking their significant other out for dinner, or just spending quality time in their humble abode. Valentines Day has become an almost $20 billion dollar industry and it will not be getting any cheaper any time soon. We have provided some cost alternative ways to be the best significant other you can be. Impress this Valentines Day without breaking the bank.

For the meat lovers in the room you can never go wrong with a steak or tenderloin roast. Indulge in the buttery, delicious beef tenderloin roast of your dreams with simple spices and rosemary prepared in less than an hour. Want to cut the cost of having to order or what would be to prepare and appetizer? A Caprese steak offers you the best of both worlds add your favorite seasonings and spread some fresh mozzarella, Roma tomato, and basil on top and you will be good to go. Need to spice it up combine spinach and artichoke into a roll up with a nice skirt steak.

Catch A Movie

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ParqEx loves featuring guest writers, especially when they have a mission to share on what ParqEx is and how it is great for communities. If you’re interested in finding workplace Q & A stories you’ve come to the right place! This week, we’re proud to feature an interview with Vivek from Ioana Ginsac at Commercial Cafe. Commercial Cafe discusses Real Estate News and Q & A sessions with Founders or C-Level Execs to its readers from stories across the country. Commercial Cafe is apart of the Yardi Network Systems spanning multiple cities across the United States. If you’d like to author a guest piece for ParqEx, let us know at marketing@parqex.com

Q: Where is your office space located and what did you consider when searching for it? Did you use a third-party company?

A: Our office is located in the River North neighborhood of downtown Chicago.  As a startup, cost and flexibility were our most important considerations. We were previously based in a co-working space, which was ideal for our earliest stages. However, it started to become too expensive and unwieldy, as our team grew. We, therefore, needed to find something that was furnished and wasn’t a long-term commitment, on relatively short notice. In other words, we needed to find a quality sublease. Location was also part of the equation, but the other factors were always going to dominate.

We used Transwestern to help us with the search and to negotiate the sub-lease terms. They helped us identify an office that met all of our immediate needs, and, luckily, it was also located in a great part of the city.

Q: What do you think is the most important thing when searching for office space?

A: It is really important to have a clear understanding of the difference between your “needs” and your “wants.” We knew what we needed in terms of size, cost, and timing, and those factors drove the decision process. When you’re out looking at potential locations, it is easy to visualize how a certain space could work or how certain features would be really neat—so if you’re not grounded in the couple of key needs for your organization at that time, it is easy to make a decision that you may later regret.

Q: What challenges did you encounter in the process of leasing/buying the office space and how did you deal with them?

A: Timing was difficult for us because we needed the process to happen much faster than it usually does. We had to be out of our co-working space by a certain date and had started our search process late, so we were under the gun. This is where our Transwestern broker was extremely valuable because he brought relationships and knowledge that helped streamline the process for us.

Q: How do you feel about co-working spaces?

A: Co-working spaces are a great option for certain working situations. They provide smaller organizations with a “plug-and-play” setup that offers the type of flexibility that a traditional office lease simply cannot. That is huge for early-stage startups, independent contractors, and regional expansion teams of larger companies. Many co-working spaces also help to foster the type of collaboration that these smaller entities crave, by encouraging both social and professional interaction. We both enjoyed and benefited from our experience at WeWork and would do it all over again if we could.

Q: What would you recommend to other start-ups looking for office space?

A: Early-stage start-ups should really think hard about whether they’re ready to take on the commitment of signing a lease of their own, or whether the flexibility of co-working is a better option for them. If they know they’re ready to take the plunge, they should be careful not to bite off more than they can chew, because the monthly lease payments can add up quickly and shorten the company’s runway.

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ParqEx loves featuring guest writers, especially when they have a mission to share the belief on how ParqEx is great for people and communities. If you’re interested or have legal questions, need consultations, you’ve come to the right place! This week, we’re proud to feature Adam Falkof from Quarles & Brady LLP. Quarles & Brady LLP assists emerging growth companies and startups across the U.S. with their legal needs. If you’d like to author a guest piece for ParqEx, let us know at marketing@parqex.com

Happy New Year!

For those new to this newsletter, it has three sections.  First, I detail three events that, in my opinion, are worth attending this month.  Second, I describe three startups that impressed me, either because of the uniqueness of their ideas or the strength of their leadership team. Third, I feature one of Chicago’s prominent startup leaders or organizations.

Additionally, I’m continuing to feature a section to support the Garage’s startup companies from Northwestern. If interested in learning more about the accelerator, whether in mentoring opportunities or otherwise, please check out their website here.

I’m also featuring a section publicizing Impact Engine’s startup companies, which is a terrific social impact venture fund. Special thanks to Laura Buchanan, one of my colleagues, who authors this section.

I’m additionally promoting the portfolio companies of the Good Food Business Accelerator.  The Good Food Business Accelerator is an excellent Chicago food startup accelerator based in 1871 that is focused on building supply chains for sustainable local food.

January Events:

Chicago Tech Happy Hour at Joy District, January 10^th:  The Chicago Tech Meet-up group is hosting a happy hour at Joy District that is open to a wide swath of the startup community.  Chicago Tech’s events tend to draw a variety of startup founders, job-seekers, and service providers.  The event should be a good opportunity for readers looking to meet with a broad cross-section of the startup ecosystem in a fun and relaxed atmosphere.

Here’s How Startup Marketing Conference, January 16^th:  Propllr PR is hosting its fifth annual marketing conference focused on marketing for startup companies.  The event will feature the marketing leaders of a number of major Chicago tech companies, including M1 Finance, Shiftgig, and Regroup Therapy.  The conference should be a great chance for startup leaders to learn best marketing practices and tips from top Chicago tech companies.

The Future of Blockchain, Presented by TechinMotion, January 17^th:  Tech in Motion is presenting an interesting event covering cryptocurrency developments and the future of blockchain.  The event’s panel features several blockchain thought leaders both in the cryptocurrency industry and other industries looking to apply blockchain to their businesses.  The event should be a fantastic opportunity for readers interested in gaining a better understanding of the blockchain technology underlying Bitcoin and other cryptocurrencies.

Companies to Check Out:

TimeDoc:  TimeDoc is working to revolutionize the delivery of chronic care management for medical practices.  The company’s platform allows doctors to better track their time with chronic care management in order to obtain accurate reimbursements and to more efficiently deliver chronic care services to their patients.  TimeDoc is led by an impressive team of experienced founders and is well positioned to grow as chronic care needs continue to increase with the retirement of the Baby Boomers.

ParqEx:  ParqEx is a fantastic Chicago startup that is working to transform urban parking.  ParqEx connects owners of private parking spaces with users looking for a place to park via the company’s mobile application.  The company has had terrific traction so far, and if you’re always looking for a place to park, check out the company’s application on the App Store or Google Play.

Booksy:  Booksy is an innovative startup working to make it easier and faster for consumers to book health and beauty services, such as hair salon, make-up, and skin care appointments.  Booksy’s online platform allows users to both book and rate a wide variety of beauty-related services from the Booksy mobile application.  The company is operating in over a dozen different countries and primarily teams based in Chicago and Poland.

Good Food Business Accelerator Company of the Month:

Tempo Beverage:  Tempo Beverage is a terrific Chicago beverage startup focused on sparkling teas.  The company currently has two flavors, green tea with ginger and turmeric and black tea with grapefruit and ginseng.  The teas are delicious (speaking from personal experience) and have no sugar, calories, or artificial sweeteners.  If interested in trying one of teas, they are available for purchase on Tempo Beverage’s website.

Garage Company of the Month:

PedalCell:  PedalCell is an innovative Northwestern startup that is working to create a device that can convert and capture electrical power from the pedaling of ordinary bicycles.  The concept aspires to allow bicycle riders to charge a battery while they pedal, which could be used to charge their phone or other electronics.  If interested in learning more, PedalCell has an interesting video on the technology on the landing page of their website.

Impact Engine Company of the Month:

Wala: Wala is an exciting financial platform startup that bridges the gap between the 2.5 billion unbanked consumers in emerging markets and financial institutions. This personal financial management app incentivizes users to start tracking and saving money while providing a social, community aspect.

PeopleOrganizations to Know:

Dan Parsons and Chris Elipas:  Dan Parsons and Chris Elipas are the two founders behind Dryv, which is a top Chicago start-up that provides on-demand dry cleaning.  Dan and Chris are emblematic of a great founding partnership and have substantially grown the company from their original two-person team.  Both are also great guys and are on-demand technology and logistics leaders in Chicago.

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ParqEx loves featuring guest writers, especially when they have a mission  to share strategies for making money and growing your net worth – all from your laptop. If you’re interested in living a financially independent, location free lifestyle, you’ve come to the right place! This week, we’re proud to feature Drew Mentock from Money Nomad. Money Nomad discusses the location independent lifestyle and how to make a living remotely. If you’d like to author a guest piece for ParqEx, let us know at marketing@parqex.com

As a ParqEx owner, at the end of each month, you get a nice chunk of supplementary cash for renting out your unused parking space. Sure, it might be tempting to spend this on a crazy night out, a fancy dinner, weekend getaways or even that pair of shoes you always thought cost too much.

On the other hand, this may not be the smartest way to use your money. If the money you get simply gets transferred into your bank account and is then considered disposable, it won’t really add that much value to your life. Eventually, perhaps at the end of the year, you will look back on all the money you made from ParqEx and wonder where it went.

The best thing to do with this extra cash is to have a plan for it—make sure every cent is allocated in a specific way. In the end, you may still decide to put it towards an out of town vacation, but at least you will have thought about what to do with it as soon as you get it.

Pay Off Debt

A large portion of Americans are in debt. In fact, the average individual owes over $7,000 to credit card companies, so why not use some of the money you make from ParqEx to get your net worth into the positives.

Even paying an extra $20 per month towards what you owe can make a big difference. For example, say you have a $5,000 credit card debt, with an interest rate of 18%, and a minimum payment of $80 per month. By only making the minimum payment, it will take you over 15 years to pay off your debt (provided you’re no longer making purchases with that credit card). By adding an extra $20, which makes your total monthly payment $100, you will be out of debt in less than 8 years and have saved yourself thousands in the long run.

In all actuality, the average ParqEx parking space owner makes about $350 per month — much more than $20 — so they have the potential to get out of debt even quicker.

Invest

People often say “I want to invest but I’m broke—if only I had  extra money to put in an investment account.”

Well, the good news is that when you’re renting a parking space with ParqEx, you will no longer have this excuse. The bad news is that now you will have to figure out how to invest.

There are so many different ways to invest and, contrary to what you may think, you can effectively and wisely invest smaller amounts of money.

There are also several apps that allow you to invest a very small amount of money—some that don’t even have a minimum deposit.

What’s important to remember is that you shouldn’t take a bunch of huge risks trying to get rich quick. If you’re patient and willing to learn from your investing mistakes, you’ll eventually learn how to make your money work for you.

Put it Towards one of your Goals

Do you hope to one day own your own business? Go back to school? Or do you need a nest egg to support you while you try your hand at freelancing? Well, why not use what you make from ParqEx to save towards your goals.

You can do this by setting aside a percentage of your total ParqEx earnings at the end of each month. This way, ParqEx will be doing more than giving you some extra cash. It will be actively helping you to pursue your dream, which adds a lot more value to your life than another night out on the town.

Make Sure You’re Putting Money Aside for Taxes

When you make money u

sing ParqEx, you need to be prepared to claim it when you file your taxes at the end of each year. This is really important to keep in mind every time you get paid from ParqEx. If you’re not actively putting a portion of your earnings aside,  you’ll end up owing money at the end year that you aren’t prepared for.

How much you owe will depend on the tax bracket you fall in, which is based on your overall household income for that year. Either way, a good rule of thumb is to put aside 30% of what you make. This will likely be more than what’s necessary but at least you’ll know you have enough to cover yourself.

Plus, if you put aside extra m

oney, that will just mean you have more to spend at the end of the year. In a way, it’s kind of like an extra refund.

Use Apps to Help You Save

Now that you have an idea of what you want to do with the money made from ParqEx, you’ll want to figure out how you’re going to allocate money towards each of your financial objectives. Since ParqEx’s is an app that’s helping you make extra money, it makes sense that you also consider using an app to help you save money.

Apps such as Qapital, Acorn,  and Digit are designed to help you automatically save money. They all work in their own way, so you should review each and decide which one works best for you.

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We have good news! You don’t have to let your current financial situation get in the way of your summer fun. As long as you’re willing to put in a bit of effort, you are perfectly capable of tossing your money worries out the window and heading out on a summer adventure of your own. In fact, you may even be able to afford a splurge or two while you’re at it.

How should this be true? The answer is simple: the sharing economy. In case you haven’t heard, the sharing economy is thriving, and you are just as qualified as anyone else to take advantage of it. Therefore, we have compiled a list of three easy ways you can use the sharing economy to put some extra cash in your pocket and fund your summer fun.

#1: Drive Your Car

At this point, it’s pretty unlikely that you’ve missed hearing about Uber. However, most people only talk about this company as a way to get around, not necessarily a way to make money. Therefore, a good number of individuals have never even considered using Uber to boost their income.

That said, this is definitely something you should consider. After all, how bad could driving your own car around your city be? Not only will you make money doing something you do every day, but you’ll also meet some pretty incredible people along the way.

Learn more about driving for Uber here.

#2: Go Shopping

Another opportunity to make money doing something you already do regularly comes from a relatively new company called Shipt. This peer-to-peer service sharing platform gives busy people the option to hire people to do their grocery shopping for them.

Why not be one of those shoppers and help out a few busy folks while also earning some extra cash? You’ll gain some money and they’ll gain some time, making it a win-win situation or all involved.

Learn more about shopping for Shipt here.

#3: Rent Out Your Parking Space

Perhaps the easiest money-making opportunity of them all, renting out something you already own is an amazing side hustle made even easier by the variety of peer-to-peer sharing platforms out there. There are platforms for sharing everything from houses to tools, meaning you are sure to find something to rent out for extra cash.

Here at ParqEx for instance, we offer people just like you a chance to make some money by renting out unused parking spots. This is a great way of bringing in income, because a parking spot requires very little upkeep, meaning your profits go straight to your pocket. Therefore, if you have a parking spot in a popular part of town, we highly recommend looking into this option.

Learn more about renting out your parking spot on ParqEx here.

By taking advantage of the opportunities listed above, you are sure to start bringing in some extra dough pretty quickly. This means it won’t be long before you can book a vacation for yourself. Don’t forget to use the sharing economy on your vacation by using such services as Airbnb and VizEat. By doing this, you will support the system that supported you while also enhancing your vacation experience.

Want to learn more about the amazing ParqEx platform? Please contact us today!

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Now, that fateful day has arrived—the day on which a person can obtain food through various peer-to-peer services. Want to learn how the sharing economy can help you eat well? Check out the four opportunities below.

#1: VizEat

One of the most interesting additions we’ve recently seen in the sharing economy comes in the form of meal-sharing platforms. For instance, the relatively new platform called VizEat allows people to visit the homes of people all around the world and try all kinds of traditional cuisine. Not only is this convenient, it also makes for an authentic cultural experience no matter where you may roam.

Not sure you trust such a system? Not to worry! VizEat has a very effective vetting system in place that ensures only trustworthy individuals with clean homes are allowed to host. Additionally, their secure payment system ensures you don’t suffer any financial damages.

#2: UberEATS

Of course, it was only a matter of time before Uber jumped on the peer-to-peer food bandwagon, and they certainly did so with gusto. In August of 2014, Uber introduced the world to Uber Eats, an easy-to-use platform that allows hungry people to hire drivers in need of cash to deliver meals to their homes or offices.

Since then, UberEATS has seen a decent amount of success, and is now available in a large number of locations. Additionally, UberEATS delivers 24 hours a day and seven days a week, which means if the restaurant you crave is open, you can have their food delivered.

#3: Shipt

We all know that ordering delivery meals can get old after a while. Fortunately, you can have your groceries delivered as well. Shipt is an innovative peer-to-peer platform that gives users the opportunity to send someone else to do their grocery shopping. Therefore, if you are too busy to get to the store, or even if you just dislike shopping, you can pay someone to do it for you.

Of course, this is great for the delivery person as well, as they get to make a few extra bucks just to run an errand. We think this makes Shipt a great solution for a common problem and sets everyone up for some seriously great win-win situations.

#4: ParqEx

So, what if you just want to head out to a local restaurant for dinner? How can the sharing economy help with that? The answer is ParqEx. If you’ve ever spent time in a bustling city, you know just how difficult it can be to find parking. This is especially true on the weekend, when more people tend to go out to eat. Planning on visiting a very popular eatery? Well, you can expect parking to be that much harder to find.

ParqEx helps by letting you reserve private parking spots in advance. Meanwhile, those who have excess parking to offer can make a bit of money off of their prime spots.

Would you like to learn more about ParqEx and how it can help you in your day-to-day life? Have a look around our website to learn the details of our awesome platform.

Still want to know more? We would love to chat with you! Please contact us today with your questions and we will get back with you as soon as possible.

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That said, many people forget to consider the enormous improvements that could be made to the lives of senior citizens via the marvelous world of the sharing economy. Your grandpa or grandma could be living a more fulfilling life with this amazing new peer-to-peer method of buying and selling, yet very few people have made an effort to include them.

Think for a moment about how the elderly people in your life might put the many services the sharing economy has to offer to use. Can’t think of any? Here are a few we’ve found:

#1: Transportation

Getting around becomes more and more difficult the older a person becomes. Eventually, all elderly individuals must give up driving and switch to public transportation options. Unfortunately, for those who must use a walker or wheelchair—and even for those who simply have trouble walking or standing for long periods—taking the bus or train is nearly impossible.

Imagine though, if these older adults were to begin using Uber or Lyft instead of fast-paced public transportation systems. This would allow these frail individuals to move at their own pace without the hustle and bustle typically found on a bus or train.

#2: Food Delivery

For those seniors who prefer not to leave the house at all, food delivery services can come in quite handy. Companies such as Shipt and Instacart will provide grocery delivery service for a nominal fee. This is perfect for elderly people, as it means they do not have to find transportation, walk the aisles of the store, or carry heavy bags back home. They simply choose what they’d like to have delivered, pay for it, wait for a couple hours, and enjoy their purchases.

Equally as helpful are restaurant delivery services such as Uber Eats. This peer-to-peer delivery service makes ordering restaurant fare quick and easy for the homebound individual. Best of all, the diner won’t be stuck eating the typical pizza or Chinese delivery, as Uber Eats delivers from a wide variety of places all over the country.

#3: Savings

Generally, senior citizens are living off of a retirement check and what little they can manage to collect from social security. This means money is almost always tight, and finding the funds to do fun things or make frivolous purchases isn’t always possible.

That said, the sharing economy can make what little fun money our elderly friends have stretch a lot further. For instance, clothing share sites such as Thread Up make it easy for the senior on a tight budget to find clothing they like at a price they can afford.

As another example, companies like SeatGeek make it possible to find tickets to events the senior might wish to attend. To make the outing even more affordable for those who drive, ParqEx can help them find inexpensive parking that is in a convenient location.

As you can see, the sharing economy has the potential to seriously improve the lives of the elderly people around us. So what are you waiting for? Call up great aunt Edna and your sweet old grandpa, and let them know about the amazing things they will find when they begin using the peer-to-peer marketplace.

Want to learn more about how ParqEx and the rest of the sharing economy will change the world? Please contact us today!

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One way you can help create a greener planet and a brighter future for all is to turn to the sharing economy. The sharing economy offers a number of environmental benefits, making the peer-to-peer marketplace the ideal place to shop and sell.

Fortunately, a great many people are taking steps toward improving this situation. From recycling programs to alternative-fuel vehicles, the products, programs, and research that are being put into place and carried out have the potential to improve our planet significantly for future generations. 

Below are just four of the ways the sharing economy is helping individuals just like you go green. 

#1: Reduced Emissions

Vehicle emissions are one of the biggest issues plaguing our planet. Did you know that a whopping 27% of greenhouse gas emissions in the United States are created by vehicles? This number needs to be reduced, and this can be easily accomplished through the combined use of public transportation, walking and bicycling, carpooling, and ride-sharing programs such as Uber and Lyft.

However, when you must drive your own vehicle, gas emissions can be reduced by reserving a parking spot in advance through a parking-sharing service such as ParqEx. This will remove any need to do extra driving to find a spot. Shared parking not only can help reduce emissions, but it can help communities in other ways as well. 

An even larger source of US greenhouse gas emissions is electricity. Fortunately, a growing number of businesses and individuals are adding 

solar panels and other alternative sources of electricity to their lives. That said, very few hotels have jumped onto this bandwagon, and considering the amount of electricity these establishments consume, you can bet they are the cause of some serious greenhouse gas emissions. 

A cleaner, more eco-friendly way to go about finding lodging is to look for a rental home on such sites as Homeaway and Airbnb. By renting a home in place of a hotel room, you will have complete control over how much electricity is being used by your lodging location of choice. Not only that, but many rental homes are now equipped with solar panels, easily making them the greenest choice. 

#2: Less Water Down the Drain

Another downfall of traditional hotel rooms is the insane amount of water used (and inevitably wasted) cleaning towels and linens. Because many hotels make it a habit to wash all of these items everyday whether or not the guest requests it, an enormous number of perfectly clean items are added to their laundry piles. This, of course, leads to a large amount of water being sent down the drain for essentially no reason. 

In a rental home found through one of the sites mentioned above, you will not run into this environmentally harmful practice. Instead, you will be in charge of deciding what needs to be washed during your stay. 

#3: Minimized Fuel Consumption

Remember those ride-sharing websites we mentioned above? They have another great benefit: You see, not only does sharing rides reduce greenhouse gas emissions, it also reduces fuel consumption. Since gasoline is a non-renewable resource, this is something we can all agree is a good thing.

Carpooling apps such as BlaBla Car and Pool My Ride are also great options for reducing fuel consumption as well as emissions. These kinds of apps and sites allow users to create a carpool with a group of others based on where everyone is headed and where they are coming from—a setup that’s a bit different from the system used by Uber and Lyft.

A final way the sharing economy can help individuals reduce their fuel consumption is through the use of parking-sharing apps such as ParqEx. This is accomplished by taking the act of driving in circles looking for a parking spot out of the equation. 

#4: Fewer Wasted Resources

Aside from less wasted water and decreased fuel consumption, the sharing economy also helps people reduce the amount of other resources wasted. For instance, a bed that is passed down from one person to another via Freecycle means fewer trees being used to make new beds. Additionally, when a consumer purchases used toys and household items through sites such as Letgo, they can decrease the amount of plastic being used to make such items. 

Shared parking can also help with this by reducing the number of parking lots being built. After all, if there is no demand for additional parking, additional parking won’t be made, and fewer parking lots being made means less cement and other resources being used. 

As you can see, the sharing economy is a great step in the direction of a greener planet for everyone. 

Would you like to learn more about the sharing economy and the ParqEx shared parking program? Please feel free to contact us for more information.

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