Day: November 18, 2019

Sales of $609 million, down 9% versus prior-year quarterNet income of $411 million, or $6.71 per diluted share

Reverse split undertaken with the intent to uplist to a national securities exchangeNew name better expresses Company’s heightened focus on enhancing leadership position as AI-Machine vision solutions providerSALT LAKE CITY, Nov. 18, 2019 (GLOBE NEWSWIRE) — Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), announced that it has changed its corporate name to OMNIQ Corp. to better reflect its evolved business which now includes Artificial Intelligence (AI)-based computer vision solutions.Shai Lustgarten, CEO, commented, “Following our recently announced record $45M in revenue for the nine months ended September 30, 2019 and the successful integration of our state-of-the-art AI-machine vision capabilities acquired thirteen months ago, we believe it makes sense to rebrand at the corporate level under the name OMNIQ, which...

VANCOUVER, British Columbia, Nov. 18, 2019 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) announces that it has arranged a non-brokered private placement of up to 4,000,000 units of the Company (the “Units”) at a price of CAD $0.15 per Unit and up to 3,333,333 flow-through units (the “FT Units”) at a price of CAD $0.18 per FT Unit, for combined total gross proceeds of up to CAD $1,200,000.Each Unit will be comprised of one common share and one warrant (“Warrant”). Each FT Unit will be comprised of one flow-through common share and one-half of one Warrant. Each Warrant will entitle the holder to purchase one additional common share for a period of three (3) years at a price of CAD $0.22 per share. The Company intends to use the proceeds from this private placement for exploration...

BEIJING, Nov. 18, 2019 (GLOBE NEWSWIRE) — 21Vianet Group, Inc. (Nasdaq: VNET) (“21Vianet” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2019. The Company will hold a conference call at 8:00 P.M. on Monday, November 18, 2019, U.S. Eastern Time to discuss the financial results. Dial-in details are provided at the end of this release.Third Quarter 2019 Financial HighlightsNet revenues increased by 12.7% year over year to RMB981.0 million (US$137.2 million).Adjusted EBITDA (non-GAAP) increased by 11.1% year over year to RMB272.5 million (US$38.1 million). Adjusted EBITDA margin was 27.8%, compared to 28.2% in the same period of 2018.Net cash generated from operating...

EMERYVILLE, Calif., Nov. 18, 2019 (GLOBE NEWSWIRE) — Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”), today announced that it has expanded the Company’s Board of Directors to 11 with the appointments of John E. (“Jeb”) Bachman and Mary Kay Haben.Jeb Bachman brings nearly four decades of leadership experience having served in various roles at PriceWaterhouseCoopers (PwC). He is also a boardroom veteran, having served on the Board of Directors of three public companies, including The Children’s Place, WEX Inc. and SCANA Corporation. Mary Kay Haben brings significant knowledge and experience in managing businesses in the consumer packaged goods industry, having served in senior executive positions for the Wm. Wrigley, Jr. Company and Kraft Foods, Inc., as well as on the Boards of The Hershey Company, Bob...

TORONTO, Nov. 18, 2019 (GLOBE NEWSWIRE) — Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: W0I) (“Copper Lake” or the “Company”) announces the final closing of the non-brokered private placement of units announced on March 14, 2019 (the “Private Placement”) raising a total of $81,000 (the “Offering”).On June 18, 2019, the Company announced the closing of the first tranche of the private placement for aggregate gross proceeds of 81,000 by way of the issuance and sale of 2,300,000 flow-through units (“FT Units”) at a price of $0.025 per FT Unit.  Each FT Unit consists of one flow-through common share and one common share purchase warrant (a “FT Warrant”), with each Warrant being exercisable at $0.05 for two years. In connection with the closing of the Offering, the Company has paid finders’ fees of $4,130...

HAMILTON, BERMUDA, November 18, 2019 – DHT Holdings, Inc. (NYSE:DHT) (“DHT”) announced today that BW Group Limited (“BW Group”) has commenced a registered underwritten public offering of up to 14,680,880 shares of DHT common stock (“shares”).  DHT will not offer any shares in or receive any proceeds from the offering.  The total number of shares outstanding will not change as a result of this offering. The offering represents up to 10% of the outstanding shares of DHT and, assuming all shares offered are sold, BW Group will hold 34,159,674 shares of DHT, or approximately 23.3% of the outstanding shares of DHT, following the transaction.Pareto Securities AS (the “Manager”) is acting as the underwriter for the offering.  The bookbuilding will commence today, Monday 18 November 2019, at 16:00 EST, and will close no later than Tuesday...

St. Louis, Nov. 18, 2019 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today announced it has entered into a definitive agreement regarding the sale of its Technical Packaging business segment, consisting of Thermoform Engineered Quality LLC (TEQ), Plastique Ltd. and Plastique sp. z o.o. to Sonoco Plastics, Inc. and Sonoco Holdings, Inc., subsidiaries of Sonoco Products Company (NYSE: SON), a global manufacturer of industrial and consumer packaging products headquartered in Hartsville, South Carolina.The Company expects to finalize the transaction upon receipt of certain customary regulatory approvals with expected gross cash proceeds of $187 million subject to typical post-closing adjustments.The divestiture is part of the Company’s strategy to focus on the business units which are core to its long-term...

DENVER, Nov. 18, 2019 (GLOBE NEWSWIRE) — RLH Corporation (NYSE:RLH) announced that it has closed on the sale of its Red Lion Airport Hotel Atlanta for $12.25 million in gross proceeds. The Red Lion Airport Hotel Atlanta was held in a joint venture. RLH Corporation will receive $4.8 million in net proceeds after closing costs and the repayment of property level mortgage.  Net proceeds to RLH will be primarily used to reduce corporate level debt.There are an additional three hotels that are under non-binding contract to be sold. It is the Company’s expectation the hotel sales will be completed by the end of Q1 2020.About RLH CorporationRLH Corporation is an innovative hotel company focused on the franchising of upscale, midscale and economy hotels. The company focuses on maximizing return on invested capital for hotel owners across...

WALTHAM, Mass., Nov. 18, 2019 (GLOBE NEWSWIRE) — Morphic Therapeutic (Nasdaq: MORF), a biopharmaceutical company developing a new generation of oral integrin therapies for the treatment of serious chronic diseases, today announced that Praveen Tipirneni, M.D., president and chief executive officer, is scheduled to present a corporate overview at the Jefferies 2019 London Healthcare Conference on Thursday, November 21, 2019, at 1:20 p.m. GMT, in London.A live webcast of the presentation will be available on the Investors section of Morphic’s website at https://www.morphictx.com. An archived replay will be available on the company’s website for a period of 90 days after the conference.About Morphic TherapeuticMorphic Therapeutic is a biopharmaceutical company developing a new generation of oral integrin therapies for the treatment...