Day: March 19, 2020

PARIS, March 19, 2020 (GLOBE NEWSWIRE) — Constellium SE (NYSE: CSTM) today announced that it will reduce or suspend activities at certain of its manufacturing sites in recognition of the disruption caused by the COVID-19 virus to our people, customers and markets. Constellium’s first priority is to protect its employees, their families and their communities.We expect these actions to facilitate prompt and efficient resumption of full production levels once market conditions allow. In response to these developments and given the uncertainty regarding the duration and severity of the crisis, Constellium plans to aggressively reduce costs and capital expenditures, optimize working capital, and manage the supply chain to minimize the financial impact on the business.“Over the past few years, we have significantly strengthened our business...

Generex’s Ii-Key peptide vaccines for infectious disease and cancer have been studied in human clinical trials involving over 300 subjects in Phase I and Phase II clinical trialsSee publications at https://generex.com/covid-19A Phase I clinical trial demonstrating the safety of the Ii-Key peptide vaccine for H1N5 Avian influenza (Bird Flu) and H1N1 (swine flu) was conducted in 120 subjects Working with international government health agencies to offer Ii-Key peptide vaccines for clinical testing and approvalMIRAMAR, Fla. , March 19, 2020 (GLOBE NEWSWIRE) — Generex Biotechnology Corporation (www.generex.com) (OTCQB:GNBT) (http://www.otcmarkets.com/stock/GNBT/quote) today provided guidance on their work to develop a peptide vaccine against the new coronavirus SARS-CoV-2 using the company’s proprietary and patented Ii-Key immune system...

NEW YORK, March 19, 2020 (GLOBE NEWSWIRE) — XpresSpa Group, Inc. (Nasdaq: XSPA) (“XpresSpa” or the “Company”), today announced that it has entered into a securities purchase agreement with institutional investors to purchase approximately $1.1 million of its common shares (or pre-funded warrants to purchase common shares in lieu thereof) in a registered direct offering priced at-the-market under Nasdaq rules.Under the terms of the securities purchase agreement, XpresSpa has agreed to sell approximately 6,285,716 common shares (or pre-funded warrants to purchase common shares in lieu thereof). Separately, XpresSpa also has entered into an exchange agreement with certain of its warrant holders to exchange their existing warrants into shares of the Company’s common stock on a 1.5:1 basis effective upon receipt of shareholder approval....

Bestyrelsen for Strategic Investments A/S har på et møde d.d. behandlet selskabets årsrapport for 2019. Om forløbet af 2019 kan i hovedtræk fremhæves:Strategic Investments A/S’s resultat for 2019 blev DKK 26,5m før skat hhv. 24,1m efter skat. Årets afkast blev 8,1%.Selskabets egenkapital udgjorde d. 31. december 2019 DKK 323,1m, svarende til en indre værdi pr. aktie på DKK 0,96.Bestyrelsen har vedtaget en udbyttepolitik med det formål, at aktionærerne modtager et løbende, kontant afkast af deres investering i Strategic Investments A/S. Bestyrelsen vil indstille til generalforsamlingen, at der udloddes et udbytte for 2019 på DKK 0,02 pr. aktie, svarende til en forrentning på ca. 2%.Strategic Investments A/S styrkede i 2019 sin organisation ved ansættelsen af CIO og CFO og bevægede sig ind på et ind i et nyt område; investering i eksterne...

Proven Growth & Income VCT plc19 March 2020Close of Offer to Further ApplicationsThe Board of Proven Growth & Income VCT plc (the “Company”) is pleased to announce that its offer for subscription pursuant to the Prospectus dated 27 January 2020 (the “Offer”) is fully subscribed and has now closed to further applications.Further allotments in respect of valid applications received prior to the Offer closing and not previously allotted are expected to take place on or around 30 March 2020 (and, if required, on any other date prior to 5 April 2020 on which the Directors decide) for applications in respect of the current tax year, and on 6 April 2020 (and any other dates after the 5 April 2020 which the Directors decide) for applications in respect of the 2020/2021 tax year. Dealing in such shares is expected...

TORONTO, March 19, 2020 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced that its operating subsidiary, Service Finance, has renewed its largest bank funding commitment.  Over the next twelve months, this bank partner is committed to purchasing up to $600 million in Service Finance prime and super prime retail installment contracts for home improvement projects across all 50 states. “In the context of the current economic environment, our long-term partner’s renewal highlights the quality of our prime and super prime assets originated and serviced by Service Finance and the strength of our bank partner funding model,” said Steven Hudson, CEO of ECN Capital.About ECN Capital Corp.With managed and advised assets of US$34 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of...

TORONTO, March 19, 2020 (GLOBE NEWSWIRE) — Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSX- V: KUU), a mobile game development and publishing company targeting the female audience with bespoke mobile experiences, is pleased to announce the successful soft launch of its newest game, “Tiles & Tales”. The new mobile game app will be a unique combination of two very popular genres within the female gaming community; match-3 and visual novels.Jouni Keränen, CEO of Kuuhubb commented, “Tiles and Tales is our flagship second-generation game and Kuuhubb’s key focus in calendar year 2020. I am extremely proud of our talented development team for all the dedication, hard work and love they have poured into the game. I am confident that this is the beginning of a new long-term franchise and a important growth driver for Kuuhubb in...

TOM’S RIVER, N.J., March 19, 2020 (GLOBE NEWSWIRE) — Quad M Solutions Inc.’s subsidiary staffing companies, PrimeAxess and OpenAxess provide major medical insurance to the small group employer market and the fast growing ‘gig’ economy markets.The Company recently signed a joint venture with a national Professional Employer Organization (PEO), INFINITI  HR Inc. which has nearly 70,000 employees that will enroll onto Quad M Solutions health plans. Such employees represent the major franchisors in the USA. Through its contract with INFINITI  HR the joint venture provides payroll, tax reporting, workers comp where required, COBRA administration, supplemental insurance coverage, wellness and prevention, and other employee benefits on a co- employer basis.The cost savings obtained from the self-insured major medical insurance program...

HOUSTON, March 19, 2020 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that it has lowered its 2020 capital expenditure budget by approximately $17 million or 37% in response to the recent severe decline in commodity prices and overall downturn in the market attributed to COVID-19 and OPEC’s decision to increase production. Full year capital expenditure guidance has been reduced from a midpoint estimate of $46 million to a midpoint estimate of $29 million.  This revised capital budget is expected to be spent primarily in the first quarter of 2020, where Amplify is maintaining its prior guidance for capital spending of $13 to $19 million.Amplify also maintains a strong hedge book with 61% of forecasted 2020 production hedged, including 77% of crude oil hedged at $56.29 per barrel....

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