Day: March 17, 2020

ISC® REPORTS FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS FOR 2019

Written by Customer Service on March 17, 2020. Posted in Earnings Releases And Operating Results.

REGINA, Saskatchewan, March 17, 2020 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today reported on the Company’s financial results for the fourth quarter and year ended December 31, 2019. Commenting on ISC’s results, Jeff Stusek, President and CEO stated, “In 2019, we delivered $133 million in revenue and $39 million in EBITDA – both new records for us. As always, the strength of our Registry Operations segment helped lay the foundation for these results, strongly supported by our Services and Technology Solutions segments.” Stusek continued, “Registry Operations is more efficient than ever. Services has built a reputation for responsive customer service, which is leading to the winning of new customers and expansion of services offered to existing customers. Technology Solutions is continuing...

CIBT Subsidiary Closes on GEC Oakridge Land Purchase

Written by Customer Service on March 17, 2020. Posted in Public Companies.

Vancouver, B.C., March 17, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that its subsidiary, GEC Oakridge Acquisition Limited Partnership has completed the purchase of three parcels of land designated for the GEC® Oakridge project (the “Project”). The total purchase price for the three parcels of land was $30.3 million, excluding closing costs and property transfer tax. During the past year, GEC® Oakridge continued to complete its rezoning process with the City of Vancouver, on schedule. The Project will be a 18 storey concrete residential rental tower with the capacity to accommodate up to 475 occupants. GEC® Oakridge is located across the street from a significant development at the Oakridge...

Enerflex Provides Capital Expenditure, Dividend, and Operational Update

Written by Customer Service on March 17, 2020. Posted in Public Companies.

CALGARY, Alberta, March 17, 2020 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX) (“Enerflex” or “the Company” or “we” or “our”) announces capital expenditure, dividend, and operational updates in light of current market conditions and commodity price volatility.“The uncertainty caused by the COVID-19 pandemic and recent market volatility has significantly changed our growth plans for the year. As stewards of capital, the current environment requires that we take a more defensive position to maintain balance sheet strength and liquidity by thinking critically and carefully about the capital program, dividend, and operational cost reductions,” stated Marc Rossiter, President and Chief Executive Officer.Capital Expenditures and DividendEnerflex is a global company that serves a global customer base. The extent to which the COVID-19 pandemic...

ITAFOS PROVIDES UPDATE ON ITAFOS ARRAIAS

Written by Customer Service on March 17, 2020. Posted in Public Companies.

TORONTO, March 17, 2020 (GLOBE NEWSWIRE) — Itafos (TSX-V: IFOS) (the “Company”) provided today an update on Itafos Arraias and announced the completion of the Company’s plan to idle Itafos Arraias considering the continued downward pressure on global fertilizer prices. In addition, the Company announced that it completed third party reports on Itafos Arraias’ mine and beneficiation plant and secured important long-term income tax incentives for Itafos Arraias.“We have safely completed the idling of Itafos Arraias to manage the current fertilizer downcycle and preserve the value of the assets while we evaluate strategic alternatives for the business. We have also further validated the long-term viability of the assets by completing independent third party reviews of the mine and beneficiation plant that confirmed that restarting...

Exela Technologies, Inc. Announces Update to Delayed 2019 10-K Filing and Restatement, and Preliminary 2019 Expected Financial Results

Written by Customer Service on March 17, 2020. Posted in Public Companies.

IRVING, Texas, March 17, 2020 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA), a location-agnostic global business process automation (“BPA”) leader across numerous industries, today filed with the Securities and Exchange Commission on Form 12b-25, a Notification of Late Filing, for its 10-K for the year ended December 31, 2019, and on Form 8-K, details regarding the restatement of its financial statements for the years ended December 31, 2017 and 2018, and the interim periods through September 30, 2019 as previously disclosed on March 16, 2020. The restatement is not expected to have a material impact on previously reported Revenue or Adjusted EBITDA. In addition, the Company noted that as of March 16, 2020, it had cash on hand and available borrowings of approximately $100 million, and reaffirmed...

Bilibili Inc. Announces Fourth Quarter 2019 and Fiscal Year 2019 Financial Results

Written by Customer Service on March 17, 2020. Posted in Public Companies.

SHANGHAI, China, March 17, 2020 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.Fourth Quarter 2019 Highlights:Total net revenues reached RMB2,007.8 million (US$288.4 million), a 74% increase from the same period in 2018.Average monthly active users (MAUs1) reached 130.3 million, mobile MAUs reached 116.1 million, representing increases of 40% and 46%, respectively, from the same period in 2018.Average daily active users (DAUs) reached 37.9 million, a 41% increase from the same period in 2018.Revenue per MAU was RMB15.4, a 24% increase from the same period in 2018. Non-game revenue per MAU was RMB8.7, an 83% increase from...

BRAMPTON BRICK REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2019

Written by Customer Service on March 17, 2020. Posted in Public Companies.

(All amounts are stated in thousands of Canadian dollars, except per share amounts.)BRAMPTON, Ontario, March 17, 2020 (GLOBE NEWSWIRE) — Brampton Brick Limited (TSX:BBL.A) today reported a net loss of $6,939, or $0.63 per share, for the year ended December 31, 2019, compared to net income of $13,444, or $1.23 per share, for the corresponding prior year. The aggregate weighted average number of Class A Subordinate Voting shares and Class B Multiple Voting shares outstanding were 10,988,179 and 10,968,227 in 2019 and 2018, respectively. The operating results for 2019 and 2018 were impacted by the following non-recurring items:an impairment charge of $9,094 on the Farmersburg, Indiana clay brick plant was recognized as at December 31, 2019;a loss on disposal of production equipment of $803 was incurred at the Boisbriand, Quebec concrete...

How Americans are spending their time in the temporary new normal

Written by Customer Service on March 17, 2020. Posted in Public Companies.

BASKING RIDGE, N.J., March 17, 2020 (GLOBE NEWSWIRE) — As more and more customers move to working and studying from home, data usage habits are changing, according to the latest Verizon network report.The latest week-over-week numbers during peak hour usage showed many people are turning to gaming as a way to pass the time, with the technology leader seeing a 75% increase over its networks. Video streaming increased by more than 12% and overall web traffic by just under 20%.Surprisingly, social media remained flat.Verizon’s fiber optic and wireless networks have been able to meet the shifting demands of customers and continue to perform well. In small pockets where there has been a significant increase in usage, our engineers have quickly added capacity to meet customers’ demand.Here’s a snapshot of usage, week over week:Gaming,...

PIPESTONE ENERGY CORP. ANNOUNCES 2019 ANNUAL FILINGS AND APPROVAL OF LONG-TERM INCENTIVE AWARDS TO DIRECTORS AND MANAGEMENT

Written by Customer Service on March 17, 2020. Posted in Public Companies.

PDF available: http://ml.globenewswire.com/Resource/Download/950d362f-4c49-4afa-a467-031f3dcff7c5CALGARY, Alberta, March 17, 2020 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) announces that it has filed its audited consolidated financial statements, management’s discussion and analysis, and annual information form for the year ended December 31, 2019 on the Company’s profile at SEDAR at www.sedar.com, and has posted them to the Company website at www.pipestonecorp.com.The Company would also like to announce that in connection with its annual compensation review for directors and officers, the board of directors of Pipestone Energy authorized the granting of: (a) 847,000 restricted share units (“RSUs”) and 1,270,000 performance share units (“PSUs”) to certain officers of the Company;...

ELIXXER LTD. COMPLETES CONVERTIBLE LOAN TRANSACTION OF US$1,183,000

Written by Customer Service on March 17, 2020. Posted in Public Companies.

MONTRÉAL, March 17, 2020 (GLOBE NEWSWIRE) — Elixxer Ltd. (the “Corporation” or “Elixxer”) (TSX-V: ELXR and OTC-QB: ELIXF) is pleased to announce that, following receipt of conditional approval from the TSX Venture Exchange, it has now closed its previously announced convertible loan transaction (the “Loan”) with international investors led by YA II PN, Ltd. (the “Lenders”) pursuant to which they have agreed to refinance the principal amount of $US1,183,000 which is outstanding under expiring convertible notes. The Corporation is not receiving any new cash pursuant to the Loan. The Loan has a maturity date of January 1, 2021 (the “Maturity Date”) and bears interest at the rate of 12% per annum.The principal amount of the Loan, up to a maximum of US$1,096,190, may be convertible into common shares of Elixxer (the “Shares”) at the...

Day: March 17, 2020

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