Corey Ribotsky News

On January 5th Cyberlux Corporation announced that it has resolved its litigation with the NIR Group and its affiliates.

The Chairman of the NIR Group, Corey Ribotsky, explained that, “Litigation is a last resort for our family of funds. We are encouraged by the progress that Mr. Schmidt (CEO of Cyberlux) and the Cyberlux team have made and we support their efforts to develop Cyberlux’s business.”

Mark Schmidt, the Chief Executive Officer of Cyberlux remarked, “We are pleased to conclude the litigation. Cyberlux will now be able to devote its full resources to developing and marketing its state-of-the-art lighting solutions.”

Cyberlux is a major provider of LED lighting solutions and technologies.

Through his support of the Heather on Earth Music Foundation, Corey Ribotsky, as the managing member of the NIR Group of Roslyn, New York, helps relieve some of the fear, pain and suffering of seriously ill children and their families.

Because music reaches into the inner being of people, including children, music is able to inspire, relax, calm and distract the consciousness so that peace can be experienced.
Not only does this help pediatric patients emotionally to better cope with their situation, this inner peace can strengthen the immune system, decrease the perception of pain, reduce anxiety and improve cooperation with medical procedures and care givers.

The gift of music that Heather on Earth bestows, with the much needed and appreciated support it receives from Corey Ribotsky and the NIR Group, is a true gift which improves the quality life of children and their families.

The Heather on Earth Music Foundation, a unique support organization for young patients and their families, receives much appreciated help from Corey Ribotsky’s NIR Group, where he is the managing member.

By bringing the joy of music to children challenged by the crisis of serious illness, some of the pain, fear, and anxiety they and their families are experiencing is ameliorated.

Heather on Earth was founded in the memory of Heather Samone Fessler. She passed away in September, 1985, and since this tragic loss much joy has been bestowed on pediatric patients through music in her memory.

At the Leukemia and Lymphoma Society, founded in 1949, the mandate is to fund research and education with the ultimate goal of finding the cure for the various blood cancers. Supporting this worthy cause is Corey Ribotsky and the NIR Group, where he holds the position of managing member.

Supporting research which will eventually lead to the cures for lymphoma, Hodgkin’s disease, Lymphoma and melanoma is ultimately the best way to support the families with these devastating blood diseases. LLS hopes to make this dream a reality through funding research grants to investigators in research centers throughout the world.

The Leukemia and Lymphoma Society also sponsors continuing education for professionals in forums such as conferences, webcasts, meetings and teleconferences. These gatherings and discussions are geared towards a large variety of healthcare workers including physicians and researchers.

Corey Ribotsky is excited that he, along with the NIR Group are part of this important organization.

The NIR Group of Roslyn, New York, with Corey Ribotsky at the helm, is involved in many philanthropic endeavors as their way of supporting and giving back to the community. Among those organizations is the Leukemia and Lymphoma Society.

At the Leukemia and Lymphoma Society the goal is to fund research so that the cure for the various types of blood cancers can be found. In addition the Society supports education, patient services and improvement of the quality of life of patients as well as their families.

The Leukemia and Lymphoma Society was created in 1949, and since that time the organization has invested over $360 million into research into the blood cancers including leukemia, Hodgkin’s disease, lymphoma as melanoma.

Habitat for Humanity formed its New York chapter in 1984, and since that date has built over 180 low-cost homes, with about 58 of them completed since 2007. The most recent project is being built on a a vacant lot which Habitat purchased from New York City for $1. The new condo development  is on Atlantic Avenue in Brooklyn, in the Ocean Hill-Brownsville section.

In order to help fund this 13 million dollar project Habitat enlisted the help of New York based hedge funds, the first time Habitat has joined forces with hedge funds to raise money. Previously Habitat sought out support from real estate brokers, which helped to raise about $100,000 for the Atlantic Avenue condominium project.

Corey Ribotsky and the NIR Group of Roslyn, New York, are pleased and proud to play a role in the partnership between hedge funds and Habitat for Humanity.

A unique and creative partnership has been established between a very special organization, Habitat for Humanity: New York City and members of New York’s hedge fund investing community, such as Corey Ribotsky and the NIR Group of Roslyn, NY.

This partnership, Hedge Funds for Habitat – NYC was established to help hard-working families, the backbone and foundation of New York, fulfill their dream of owning their own homes.

As one of the hedge fund investors involved in this enterprise put it,

“Hedge fund managers know that investing in human capital is key to the success of our industry—and our city.”

In addition to Corey Ribotsky’s responsibilities as the managing member of the N.I.R. Group, LLC headquartered in Roslyn, New York, he is involved in several philanthropic endeavors in and around the New York area.

Ribotsky is especially excited to be involved in the work being on behalf of the Schneider Children’s Hospital in New Hyde Park, New York by the volunteers at the Children’s Medical Fund of New York. This Fund is a non-profit organization which supports the great work going on Schneider, including helping to equip this top-rated hospital with the most up-to-the-minute equipment so as to serve its patients in the best possible way.

Schneider Children’s Hospital is dedicated to providing accurate and timely diagnosis; the most advanced treatment; and cutting-edge research for children with serious illnesses. As president of CFMNY, Corey Ribotsky helps to support and care for these children, their families and their special needs.

Among the several non-profit foundations supported with funds from the NIR Group and Corey Ribotsky is the Onyx and Breezy Foundation. This foundation, whose mandate is to help animals in whatever ways are urgent, including providing medical care, medical equipment and money for research, makes sure that 100% of donations it receives goes towards helping animals. Not a penny is spent on administrative costs, so donors can feel happy that all their hard earned contributions go directly to aiding the animals.

The Onyx and Breezy Foundation, named in honor and remembrance of the beloved Labrador retrievers of Mark and Wanda Shefts, is one of several charitable foundations helped with support from the NIR Group and Corey Ribotsky.

The foundation, begun in 2004, assists animals by giving financial help to:

•    Fund equipment for medical centers
•    Fund research
•    Give medical treatment to animals that would otherwise not be able to afford such treatment
•    Fund other organization that contribute to the well-being of animals
•    Fund other types of projects which help to benefit animals