Day: February 10, 2020

BEVERLY HILLS, Calif., Feb. 10, 2020 (GLOBE NEWSWIRE) — YayYo, Inc. (NASDAQ: YAYO) (the “Company” or “YayYo”) today announced its intention to voluntarily delist its common stock from the NASDAQ Stock Market (“NASDAQ”) effective on February 20, 2020. The Company expects that its common stock will be approved for quotation on the OTCQB from and after that date. The Company has elected to effect the voluntary delisting of its common stock after discussions with NASDAQ’s staff and based on the determination of the Company’s board of directors that voluntarily delisting the common stock from the NASDAQ is in the best interests of the Company and its stockholders. NASDAQ has advised the Company that it believes that the Company has failed the conditions for continued listing of its common...

Virtu will save $26 million per year or 23% in interest expense as a result of debt optimizations since the ITG acquisitionNEW YORK, Feb. 10, 2020 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT) (“Virtu” or the “Company”), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, announces today that its subsidiary successfully repriced its $1.925 billion senior secured first lien term loan (the “Term Loan”).  The Term Loan was repriced 50 basis points lower, at LIBOR plus 300 basis points, with Original Issue Discount of 99.875%, upon satisfaction of customary closing conditions, expected by March 2, 2020.  This loan matures in March 2026.The...

DAKOTA DUNES, S.D. and HOUSTON, TX, Feb. 10, 2020 (GLOBE NEWSWIRE) — Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc. (NYSE: TSN) and Jacob Stern & Sons, Inc. have launched a joint venture, JST Global, LLC, to serve the worldwide fats and oils market. Specific terms of the venture are not being disclosed.Beef and pork by-products of the fresh meats business, along with fats and oils derived from other sources, are key ingredients in thousands of products in such diverse industries as pharmaceuticals, personal care, and animal nutrition, plus the rapidly developing field of renewable fuels.“Jacob Stern and Tyson Fresh Meats have enjoyed a strong relationship for over 50 years. Combining Tyson’s vast supply of animal fats with Jacob Stern’s Texas operations is a natural evolution and...

CLEVELAND, Feb. 10, 2020 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Barclays Capital Industrial Select Conference in Miami Beach, Florida, February 19, 2020 at 9:45 a.m. Eastern time.Parker’s scheduled presenter is Tom Williams, Chairman and Chief Executive Officer.  A live webcast of the presentation will be accessible on Parker’s investor information website at www.phstock.com and will be archived on the site.Parker Hannifin is a Fortune 250 global leader in motion and control technologies.  For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow.  Parker has increased its annual dividend per share paid to shareholders for...

OTTAWA, Ill., Feb. 10, 2020 (GLOBE NEWSWIRE) — Ottawa Bancorp, Inc. (the “Company”) (Nasdaq CM: OTTW), the holding company for Ottawa Savings Bank, FSB (the “Bank”), announced net income of $0.6 million, or $0.18 per basic and diluted common share for the three months ended December 31, 2019, compared to net income of $0.6 million, or $0.18 per basic diluted common share for the three months ended December 31, 2018.  For the year ended December 31, 2019, net income was $1.94 million, or $0.62 per basic and diluted common share, compared to net income of $2.0 million, or $0.62 per basic and per diluted common share for the year ended December 31, 2018.   During the fourth quarter of 2019, the Company experienced an increase in loan originations which drove growth in the loan portfolio.  The...

Results for the Fourth Quarter of 2019Net loss attributable to the company of $39.7 million, or $(1.13) per diluted share including non-cash tax valuation allowance Adjusted net loss attributable to the company of $14.4 million, or $(0.41) per diluted share, excluding a non-cash tax valuation adjustment of $25 million which increased income tax expense during the quarterAdjusted EBITDA of $16.0 millionCompletion of Wood River Project 24 upgrade with better than expected outcomesDecember platform run rate at 94% utilization and lowest on record platform operating expense per gallonRepurchased approximately 0.5 million shares totaling $5.8 million during the quarterResults for the Full Year of 2019Net loss attributable to the company of $166.9 million, or $(4.38) per diluted shareExcluding the non-cash tax valuation allowance, net...

LISLE, Ill., Feb. 10, 2020 (GLOBE NEWSWIRE) — CTS Corporation (NYSE: CTS) today announced that Ye Jane Li has been nominated for election to the company’s board of directors at its annual meeting of shareholders scheduled for May 14, 2020.Ms. Li is a Strategic Advisor to Diversis Capital, a private equity firm, where she focuses on multiple technology investments. Ms. Li comes to CTS with over 20 years of experience in the high-tech industry, delivering a successful track record in general management, strategy development, M&A, and extensive global leadership, including Asian markets.Ms. Li’s previous executive leadership roles include chief operating officer of Huawei Enterprise US from 2012 to 2015 and general manager of North America of Huawei Symantec Technologies from 2010 to 2012.  Prior to that, Ms. Li...

Results for the Fourth Quarter of 2019Net income of $10.4 million, or $0.44 per common unitAdjusted EBITDA of $13.3 million and distributable cash flow of $11.2 millionQuarterly cash distribution of $0.475 per unitDistribution coverage ratio of 0.99x; LTM distribution coverage ratio of 1.00xOMAHA, Neb., Feb. 10, 2020 (GLOBE NEWSWIRE) — Green Plains Partners LP (NASDAQ:GPP) today announced financial and operating results for the fourth quarter of 2019. Net income was $10.4 million, or $0.44 per common unit, for the fourth quarter of 2019 compared with $14.1 million, or $0.51 per common unit, for the same period in 2018. The partnership reported adjusted EBITDA of $13.3 million and distributable cash flow of $11.2 million for the fourth quarter of 2019, compared with adjusted EBITDA of $15.2 million and distributable cash flow of...

TORONTO, Feb. 10, 2020 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”) (TSXV: FCD.UN) is pleased to announce the acquisition of a 50% interest in two industrial properties located in Edmonton and Leduc, Alberta (the “Portfolio”). The acquisition price for 100% of the Portfolio is approximately $10.7 million, excluding transaction costs. The Trust’s portion of the acquisition price is approximately $5.4 million, excluding transaction costs.The Portfolio is comprised of two industrial properties with four buildings totaling 90,348 square feet. The Portfolio is well diversified with nine different tenants and a weighted average lease term of 2.8 years. The Portfolio is approximately 82% occupied and is currently institutionally owned and managed. The Trust will enter...

SCOTTSDALE, Ariz., Feb. 10, 2020 (GLOBE NEWSWIRE) — The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER) (the “Company”), a producer of bottled alkaline drinking water, flavored infused waters, and CBD infused products sold under the brand name Alkaline88®, A88™, and A88CBD™, respectively today announced financial results for the fiscal third quarter ended December 31, 2019. “I am pleased to report that we delivered revenue growth of 20% for the first nine months of fiscal 2020 compared to the first nine months of last fiscal year. During our seasonally slow fiscal third quarter, our revenue growth rates moderated primarily due to the timing of fall store schematic resets across various trade channels. However, our fiscal fourth quarter is off to a great start and in January, our...