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Month: October 2019

Oak Ridge Financial Services, Inc. Announces Record Third Quarter 2019 Earnings and Quarterly Cash Common Dividend of $0.05 Per Share

OAK RIDGE, N.C., Oct. 25, 2019 (GLOBE NEWSWIRE) — Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the third quarter of 2019 and quarterly cash common dividend of $0.05 per share.Third Quarter 2019 HighlightsBasic and diluted earnings per share of $0.46 for the three months ended September 30, 2019, up $0.09, or 24.3%, from $0.37 for the same period in 2018Return on average common stockholders’ equity of 11.08% (annualized) for the three months ended September 30, 2019, compared to 11.70% (annualized) for the same period in 2018Period end loans of $388.1 million, up 4.4% (5.8% annualized) from December 31, 2018Period end deposits of $393.0 million, up 2.8% (3.7% annualized) from December 31, 2018Period...

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Symphony Asset Management Provides Senior Loan Update

TORONTO, Oct. 25, 2019 (GLOBE NEWSWIRE) — (TSX: SSF.UN) Investors and investment advisors are invited to listen to a recorded update call, hosted by Larry Holzenthaler, Investment Strategist, Symphony Asset Management (“Symphony”).  Symphony discusses some of the recent trends in the U.S. senior loan market and explains why they believe loan fundamentals remain positive.  The presentation, recorded on October 21, 2019, can be viewed by clicking the following link:SSF October 2019 UpdateSymphony Floating Rate Senior Loan Fund (the “Fund”) invests primarily in floating-rate senior loans, which are the most senior corporate obligations of a borrower, and are secured by the borrower’s assets. Senior loans have a first-priority secured claim on repayment, ahead of bonds and equity. Senior Loans offer a high level of income and low interest...

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CPS to Host Conference Call on Third Quarter 2019 Earnings

LAS VEGAS, Oct. 25, 2019 (GLOBE NEWSWIRE) — Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Wednesday, October 30, 2019 at 1:00 p.m. ET to discuss its third quarter 2019 operating results.  Those wishing to participate by telephone may dial-in at 877 312-5502, or 253 237-1131 for international participants, approximately 10 minutes prior to the scheduled time. The conference identification number is 7170238.A replay of the conference call will be available between October 30 and November 6, 2019, beginning two hours after conclusion of the call, by dialing 855 859-2056 or 404 537-3406 for international participants, with conference identification number 7170238.  A broadcast of the conference call will also be available live and for 90 days after the...

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Advisory: Fortis Inc. to Hold Teleconference on November 1 to Discuss Third Quarter 2019 Results

ST. JOHN’S, Newfoundland and Labrador, Oct. 25, 2019 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE:FTS) will release its third quarter 2019 financial results on Friday, November 1, 2019. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). Barry Perry, President and Chief Executive Officer, and Jocelyn Perry, Executive Vice President, Chief Financial Officer, will discuss the Corporation’s third quarter 2019 financial results.Analysts, members of the media and other interested parties in North America are invited to participate by calling 877.223.4471. International participants may participate by calling 647.788.4922. Please dial in 10 minutes prior to the start of the call. No pass code is required. A live and archived audio webcast of the...

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Cleartronic, Inc. (CLRI) Acquires ReadyMed Software Platform

BOCA RATON, Fla., Oct. 25, 2019 (GLOBE NEWSWIRE) — Cleartronic, Inc. (CLRI: OTCPINK), announces acquiring the ReadyMed software platform from Collabria, LLC, a communications software company based in Tampa, Florida.ReadyMed, a web based secure communication platform for the health care industry, designed for hospitals, clinics, doctor’s offices, health insurance companies and many other segments of the health care sectors. It provides hospitals with patient tracking capability within the hospital. It allows physicians to track patient progress after release from the hospital, and allows for secure communication with the patient to follow the healing process, record their recovery and monitor their progress.The “Acquisition Agreement” provides for the acquisition of substantially all the assets and business operations of ReadyMed....

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Farmers & Merchants Bancorp Reports Record Third Quarter and Year-to-Date 2019 Earnings

LODI, Calif., Oct. 25, 2019 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp (OTCQX: FMCB) today announced record third quarter and year-to-date net income.For the quarter ended September 30, 2019, Farmers & Merchants Bancorp reported net income of $13.7 million, or $17.45 per share, a 14.5% increase from net income of $12.0 million earned in the third quarter of 2018. Net interest income for the quarter ended September 30, 2019 was $35.3 million, up 10.6% from the same quarter in 2018. The Company’s net interest margin on a tax equivalent basis was 4.31% in the third quarter of 2019, compared to 4.34% in the third quarter of 2018. Return on average assets for the third quarter of 2019 was 1.58%, and return on average equity was 15.76%.Total assets at quarter-end were $3.6 billion, up 12.1% from the third quarter of 2018....

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Generex Biotechnology Announces Investor Conference Call Scheduled for Tuesday October 29, 2019 at 9:30 AM

MIRAMAR, Fla., Oct. 25, 2019 (GLOBE NEWSWIRE) — Generex Biotechnology Corporation (www.generex.com) (OTCQB:GNBT) today announced that it will hold an investor conference call on Tuesday October 29, 2019 at 9:30 am.Joseph Moscato, Generex President & Chief Executive Officer stated: “I look forward to this conference call and invite all of our valuable shareholders to attend.”Dial-in instructions for the investor conference call will be announced prior to the meeting date.About Generex Biotechnology Corp.Generex Biotechnology is an integrated healthcare holding company with end-to-end solutions for patient centric care from rapid diagnosis through delivery of personalized therapies. Generex is building a new kind of healthcare company that extends beyond traditional models providing support to physicians in an MSO network, and...

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Western Pacific Trust Company: New Company Articles in Effect

VANCOUVER, British Columbia, Oct. 25, 2019 (GLOBE NEWSWIRE) — WESTERN PACIFIC TRUST COMPANY [TRADING SYMBOL “WP” – TSXV] (the “Company”) –At its Annual General and Special Meeting on May 29, 2019, the shareholders of the Company passed the following Special Resolution:Consent to alter the Articles of the Company was received from FICOM on September 18, 2019, and the New Articles were accepted for filing by the TSX Venture Exchange on October 24, 2019.Accordingly the New Articles were deposited for filing at the Company’s records office at 920 – 789 West Pender Street, Vancouver, BC V6C 1H2 on October 24, 2019, and are now in full force and effect.The Company Articles can be viewed under the Company’s profile on SEDAR at www.sedar.com.About Western Pacific Trust CompanyWestern Pacific Trust Company is a non-deposit taking...

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Guard Dog Provides Shareholder Update

BOULDER CITY, Nev., Oct. 25, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE – George Sharp, President of Guard Dog, Inc. (PINKSHEETS: GRDO) announced today that the company’s securities counsel is continuing to work with Nevada’s office of the Secretary of State to unwind and correct past corporate actions, which if left as is would have made it impossible for the corporation to move forward with its plans.  As a result of these past corporate actions, some going back as far as when the corporation was formed, the more recent actions initiated by current management also had to be unwound.  Shareholders may notice a series of temporary changes to the number of authorized and outstanding shares, but once the required and proper corporate actions have been completed, these numbers will return to their expected state and the company will resume...

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